Tag Archives: social

After weeks of struggling and rapidly losing value, bitcoin exploded in the past few days and neared $56k – its highest price line since mid-May. Yesterday alone, the cryptocurrency gained more than $5,000 of value in hours. While the bulls celebrate, it’s worth exploring potential reasons why that might be and could there be more similar developments hiding behind the corner. Reason 1: Whale Purchases Being an asset with a maximum supply of just 21,000,000 tokens with a...

State Duma – the lower house of the Federal Assembly of Russia – believes cryptocurrencies can be a highly dangerous financial tool for private investors. As such, the authorities intend to implement a regulatory framework on trading with them, a recent report claimed. Does Russia Need to Regulate Cryptocurrencies? According to local coverage, the Russian government reiterated its negative opinion on dealing with digital currencies. Anatoly Aksakov – Head of the Duma...

The United States continues to contemplate taking further action in regards to the growing crypto space. In the latest endeavor, the Justice Department has decided to create a task force to stop hackers from utilizing digital asset exchanges to conduct ransomware attacks. Ransomware on Exchanges As reported by Bloomberg, the new team’s goal is to target infrastructure that allows hackers to exploit their victims financially. Typically, this is done by freezing a victim’s data...

MetaMask – the rapidly growing and highly popular Ethereum software wallet – plans to bring DeFi to large crypto-related institutions. They have partnered with three crypto custodians to respond to different organizational needs. Namely, those are BitGo, Qredo, and Cactus. MetaMask Brings Defi to Major Crypto Companies ConsenSys – the Ethereum software company that created MetaMask – unveiled the news in a recent blog post. Under the new partnership, institutions will be able...

The former Chairman and CIO of Legg Mason Capital Management – Bill Miller – once again shared his support towards the primary cryptocurrency by likening it to a Ferrari. On the other hand, he labeled gold as outdated by comparing it to a “horse-and-buggy.” BTC Is Better Than Gold The US investor, fund manager, and philanthropist Bill Miller placed his name among those who believe that the leading digital asset is a better store of value than gold. In a recent interview for...

The owner of the professional basketball team the Dallas Mavericks – Mark Cuban – revealed that people don’t like buying tickets with their Bitcoin holdings because it is an appreciable asset. Instead, they employ Dogecoin, which is “easy to spend.” ‘Bitcoin Is a Little Bit of a Different Animal’ During an interview for Fox Business, the American billionaire Mark Cuban shared his views on some of the most popular cryptocurrencies. Starting with bitcoin, he said the asset is a...

With the last quarter of the year underway, bitcoin has reclaimed its dominance in the amount of interest shown by institutional investors as it leads the pack in weekly inflows. According to the latest Digital Asset Fund Flows Weekly report by CoinShares, institutional investors have continued to increase their exposure to digital currencies. The asset class saw a total of $90 million inflows in the last week, representing the seventh consecutive week of positive inflows....

In a massive green candle, Bitcoin’s price managed to increase to as much as $55,555 on Binance, reaching a price that we haven’t seen since May this year. Bitcoin is up by a whopping 10% in the past 24 hours, and a lot of it came in the past 60 minutes. Chart by Binance As seen in the above chart, the price reached an intraday high of $55,555 on Binance’s spot exchange before retracing to where it’s currently trading at around $54,000. This was the highest BTC price that we...

Two of the largest digital wallet providers, namely Skrill and Neteller, will enable their millions of customers to buy and sell Solana’s native token – SOL. This addition comes amid the blockchain project’s rapid rise in terms of adoption and SOL’s price surge as of late. SOL on Skrill and Neteller Aside from allowing customers to interact with SOL, the announcement shared with CryptoPotato explained that both companies will provide direct fiat purchases due to the crypto...

Ken Griffin – Founder and Chief Executive Officer at the multinational hedge fund Citadel LLC – stated that his organization will start offering cryptocurrency trading services only if there is “regulatory clarity.” However, he is not keen on the asset class, opining that it threatens the strength of the American dollar. Citadel Can Jump on The Crypto Bandwagon During a recent interview, billionaire Ken Griffin pointed out the necessity of imposing a regulatory framework on...