Crypto news

Bitcoin has been exploding over the past year. Aside from experiencing heavy price booms that saw the currency rise from about $10,000 to $40,000 in just three months and attain all kinds of new highs, the currency has also been seeing fresh waves of institutional interest from the likes of companies such as MicroStrategy and Tesla, which have both purchased billions of dollars-worth of the asset. Now, asset manager Ruffer claims that things are just getting started for...

Popular venture capitalist and Bitcoin bull Timothy “Tim” Draper predicted that major online streaming platform Netflix could be the next company to join the bitcoin buying bandwagon.Next Bitcoin Investor Could Be NetflixSpeaking in a recent episode of the Unstoppable Podcast, Tim Draper stated that Netflix could be the next in line to add bitcoin to its balance sheet. According to him, the company’s co-founder and co-CEO, Reed Hastings, makes Netflix a likely bitcoin investor. Draper...

It’s only been a few weeks since Canada introduced the world to the first bitcoin-based exchange-traded fund (ETF). Now, it looks like an Ethereum-based ETF may be on its way. The Case for Canada and the Crypto ETF Evolve Funds is the company behind Canada’s BTC ETF, and it looks like the company is already experiencing heavy success with this product. So much, in fact, that it wants to bring similar products to the market, and it feels that Ethereum may be the way to...

Bitcoin has been doing quite well as of late, but as we’ve seen in the past, not everyone is set to be convinced by the world’s largest and most popular digital currency by market cap. Michael Burry – a legendary investor and the subject of both the book and the film “The Big Short” – is one such person and believes that bitcoin is trapped within the confines of a massive bubble. Michael Burry: Bitcoin Is Headed Downhill In a tweet he was quick to get rid of, Burry...

ETH/USD – Bulls Start Recovery Above 20-day EMAKey Support Levels: $1600, $1500, $1465.Key Resistance Levels: $1700, $1764, $1800.Ethereum is starting to recover from last week’s downtrend in which it fell from above $1900 to reach as low as $1290 (.5 Fib Retracement). The coin found solid support at $1425 over the past few days and started to push higher from there.Today, the 7% price surge allowed Ethereum to bounce from $1500 and break above $1600 to reach as high as $1658. It is now...

The popular blockchain project TRON will introduce the DLT-agnostic prediction market Prosper to its ecosystem. TRON users and TRX holders will be able to provide liquidity and enhance the success-rate of the prediction market solution.TRON Teams Up With ProsperJustin Sun’s TRON announced its latest partnership in a press release shared with CryptoPotato earlier today. It informed that the two blockchain projects have teamed up to address some of the issues related to decentralized prediction...

The recent price developments have not deterred institutional investors from allocating funds in bitcoin. Just the opposite, the latest major withdrawal from Coinbase to custody wallets worth $630 million became a fact earlier today, suggesting that institutions keep accumulating.Institutions Double-Down on BTCCryptoQuant’s CEO Ki Young Ju has repeatedly outlined the connection between bitcoin’s price and institutions using the largest US-based crypto exchange, Coinbase, to purchase more of...

Bitcoin is up by a solid 6% today as the primary cryptocurrency surged by over $3000 over the past 24 hours.Quick recap: bitcoin is recovering after a heavy correction over the past week, in which the cryptocurrency dropped by around 25% as it broke beneath the February ascending price channel (as shown on the daily chart below) and tumbled into the support around $43K – $44K.It managed to rebound nicely from there, breaking above a falling wedge, as we mentioned on Monday. After touching...

Christopher Giancarlo, the former CFTC Chairman, also known as “crypto dad,” and the billionaire hedge fund manager Marc Lasry have reportedly invested an undisclosed amount in the cryptocurrency and blockchain investment company BlockTower Capital.Crypto Dad and Hedge Fund Manager Invest in Crypto FirmFounded in 2017, BlockTower is an investment firm focusing on allocating funds in various cryptocurrency and blockchain projects. The company has recently received backing and investment from...

[PRESS RELEASE – Please Read Disclaimer]Victoria, Seychelles, 3rd March, 2021, // ChainWire //KuCoin, an IDG-backed crypto exchange, announced that its leveraged tokens have been made available for beta test. The first batch of leveraged tokens to be introduced are BTC3L, BTC3S, ETH3L and ETH3S, and invited users will be able to trade the tokens in the KuCoin Sandbox. The feature will be officially launched in the middle of March.Leveraged tokens are a new type of crypto derivative without...