Tag Archives: social

Bitcoin’s price could suffer more if the asset fails to reclaim $60,000 soon, said analysts from the US multinational banking giant JPMorgan Chase & Co. They compared Sunday’s market crash with similar developments in the past few months but argued BTC lacks sufficient momentum now. BTC’s Bull Run Coming to an End? Bitcoin and the entire cryptocurrency ecosystem plummeted in value on Sunday as more than $360 billion were evaporated from the market cap. The largest digital...

While some traders have panic-sold during the recent market-wide crash, Ethereum whales have continued accumulating massive chunks. As a result, the number of large ETH holders has surged to a new all-time high. Meanwhile, ETH is also charting serious intraday gains against BTC. ETH Whales Keep On Buying The second-largest cryptocurrency entered the new year at just over $700. Whether it was the massive usage of the Ethereum blockchain in DeFi and NFT, the impressive bull run...

NFTs are undoubtedly one of the hottest trends in the cryptocurrency industry and have expanded to sportspeople, artists, and musicians. In fact, musicians were among the first to interact with non-fungible tokens and, according to a recent mysterious tweet, Eminem could be next in line. Is Eminem Looking to Get on the NFT Wagon? What do The Undertaker, Tom Brady, Pelé, Justin Sun, Lindsay Lohan, the Winklevoss twins, Logan Paul, Paolo Maldini, and William Shatner, among...

Brian Brooks, the acting head of the Office of the Comptroller of the Currency (OCC) under Donald Trump’s administration, noted in a Wall Street Journal report today that he would be working as Binance US CEO on May 1, 2021.  Brooks’ Career at the OCC During his tenure as acting head at the OCC, Brooks was friendly toward cryptocurrencies despite Trump’s public dislike for the asset class, especially Bitcoin.  The regulator’s support for crypto assets earned him the title...

WeWork, one of the leading flexible workspace providers in the world, is jumping on the cryptocurrency bandwagon. A new release shared by Reuters revealed that WeWork would begin accepting select cryptocurrencies for payments. In a detailed blog post, WeWork also revealed that it will work with BitPay to process payments and will accept Bitcoin, Ethereum, USDC, and Paxos. This comes shortly after Venmo – PayPal’s mobile payment service, enabled more than 70 million users to...

TIME Magazine has doubled down on its cryptocurrency endeavors by enabling bitcoin and other assets to be used as a form of payment for digital subscriptions. The innovation comes a few weeks after the New York City-based magazine partnered with Grayscale to produce educational crypto videos and be paid in BTC. TIME Readers to Purchase Subscriptions With Crypto With the first issue released nearly 100 years ago, TIME Magazine is among the largest and oldest news magazines and...

Despite the massive interest from central banks for CBDCs, nearly 70% of the projects are running only pilot programs and are far away from an actual launch. The Bahamas and Cambodia are the leading countries in a ranking listed by PwC while the biggest economy in Asia – China lines up third. CBDCs Are Not Here Yet Central bank digital currencies (CBDCs) have been a hot topic in the past few years. A paper released by the Bank of International Settlements last year informed...

The CME Bitcoin futures opened for trading on Monday with the largest gap of nearly $5,000 following the adverse price developments during the weekend. The question remains if BTC would spike to close that gap as it has done multiple times in the past. The Largest CME Bitcoin Gap to Date Launched in late 2017, the cash-settled BTC futures platform from the Chicago Mercantile Exchange enables institutional investors to trade bitcoin on a regulated platform. It operates within...

The enhanced volatility in the past day caused nearly $10 billion in liquidations in less than a day as bitcoin, and all altcoins fell hard. Naturally, over 90% of the liquidated amount came from long positions.  CryptoPotato reported earlier today the adverse price developments in the cryptocurrency market. Bitcoin fell by more than $9,000 in hours, Ethereum lost $400, and so on. With most digital assets plummeting by double-digits, the cumulative market cap lost $360...

From criticizing bitcoin for failing the purposes of money and suggesting a potential ban to comparing it with gold and, most recently, indicating BTC has proven its place in investment portfolios – Ray Dalio’s mind on the cryptocurrency seems to be changing. Interestingly, Max Keiser foresaw this development months ago. Ray Dalio’s BTC Evolution Along with numerous other prominent representatives of the traditional financial world, Bridgewater Associates’ founder was a vocal...