Tag Archives: social

The restructuring within the BTC derivatives exchange BitMEX continues with the addition of Wai Kin Chim as an Independent Non-Executive Board Director of 100x Group. Additionally, the former Chief Credit Officer (CCO) at the Bank of China and the company’s recently appointed CEO will join the board of directors as of February 1st.Former Bank of China Exec Heads Over BitMEXAccording to a recent BitMEX statement, the appointment of Chim aims to enhance the company’s initiatives on...

January 2021 will remain in crypto history with multiple bitcoin records, including ATHs for the BTC price, hash rate, and mining difficulty. Moreover, recent data indicated that the number of unique addresses transacting on the network had also surpassed the previous record from three years ago.Bitcoin’s Activity Sees An ATH RecordAccording to data from the analytics company Glassnode, the number of unique addresses on the Bitcoin network that either sent or received coins had charted a...

Just a few days after shocking the world by updating his Twitter bio to include only “Bitcoin,” Tesla’s Elon Musk has doubled-down on his support on the cryptocurrency. During a recent speech, Musk said that BTC is on the brink of a broader adoption from traditional financial representatives.According to a Reuters report, Musk showed his recently-found favoritism for the primary cryptocurrency during a speech on the invitation-only social media app Clubhouse by saying that: “I am a supporter...

After a sharp drop that led BTC for another retest of $32,000, the asset has recovered and climbed back up to nearly $34,000, as of now. However, its dominance continues to decrease as some alternative coins have outperformed their leader, including XRP surging above $0.60.Bitcoin Eyes $34,000The primary cryptocurrency went through a roller-coaster on Friday after Tesla’s CEO Elon Musk updated his Twitter profile to include “Bitcoin” as the only description.The asset responded with an...

The narrative that institutional investors drove BTC’s price into the stratosphere in late 2020 received another confirmation from a research paper compiled by the popular exchange OKEx. The company’s document pinpointed Paul Tudor Jones’ endorsement of bitcoin in mid-2020 as the turning point for institutional adoption.PTJ Changed The Bitcoin GameIt was early May, the world had started to feel the adverse effects of the COVID-19 pandemic, global economies had begun contemplating their next...

The largest US-based crypto exchange Coinbase has classified bitcoin and several altcoins as institutional assets following the developments in 2020. In its yearly report, the company has confirmed the growing institutional interest, the maturing market, and, somewhat surprisingly, the expanding appetite from corporations towards ETH.2020 Established Bitcoin As An Institutional AssetThe challenging last year saw the emergence of Bitcoin as an asset fit to serve the needs of institutional...

The debate as to whether or not we are still very early on in the cryptocurrency space is one that’s been going on for quite some time. For some reason, a lot of people tend to tie it up to the current pricing of different cryptocurrencies – something, that in my opinion, has nothing to do with the bedrock of the conversation.We’re in a bubble. Well, at least most of us are in a bubble. And I’m not talking about prices.The Bitcoin BubbleWhether you realize it or not, we’re in a bubble. Me,...

Following the highly volatile few days in which BTC displayed $6,000 price moves in both directions, the cryptocurrency has calmed around $34,000. At the same time, XRP and a few more altcoins have exploded in value and reduced BTC’s dominance to 62.5%. Uniswap’s UNI token even hit $20.XRP’s Massive Surge Reclaims #4th SpotThe past few days have been anything but boring in the cryptocurrency space – from the retail-driven hype for Dogecoin and up to four-digit gains, through the Elon...

Visa, the world’s leading payment processor with millions of merchants in its network and hundreds of millions of users, might add cryptocurrencies to its payments network.Visa Jumps on the Crypto BandwagonVisa, the multinational financial services corporation, might be joining the cryptocurrency bandwagon.In the company’s fiscal first-quarter 2021 earning call, the CEO of the company, Al Kelly, said that they are in a position to make cryptocurrencies more “safe, useful, and applicable.”In...

There are no boring days on the cryptocurrency market, and that’s particularly true for this week. After the GameStop saga, Dogecoin’s pump, and Elon Musk putting Bitcoin in his bio, it appears that it’s now XRP’s time to shine.The price for Ripple’s native cryptocurrency, XRP, has increased by as much as 80% in a few short hours. Less than 12 hours ago, the coin was trading at around $0.28 but has since surged to an intraday high of $0.51 for an increase of about 80%.The price has since...