Bitcoin (BTC) climbed to new multi-month highs later on Aug. 20 as an extended rebound took hold of crypto markets. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Daily close “most important” for Bitcoin Data from Cointelegraph Markets Pro and TradingView confirmed that BTC/USD hit its highest level since mid May during Friday After daily gains of
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The mayor of Cool Valley, Missouri said he was exploring giving more than $1 million in Bitcoin to the city’s 1,500 residents. In a Thursday interview with St. Louis news outlet KSDK, Mayor Jayson Stewart said he wanted to see “every single household in my city receive some level of Bitcoin.” Stewart said the funds
Layer-one blockchain networks like Bitcoin (BTC) and Ethereum (ETH) form the foundation of the cryptocurrency ecosystem and enable smart contract functionality that has allowed the creation of new industries like decentralized finance (DeFi) and nonfungible tokens (NFT). Avalanche (AVAX) is a relatively new layer-one solution that has recently seen a significant increase in price and
The nonfungible token (NFT) sector of the cryptocurrency ecosystem has made waves that splashed across the headlines of even mainstream news outlets in 2021. Celebrities, musicians, sports teams, established auction houses and even fast-food restaurants got involved with the creation and/or sale of one-of-a-kind digital items. With the top NFT marketplaces like OpenSea seeing record-breaking
If you thought remote work was game-changing, wait until video game work gains traction. Blockchain-based NFT games such as Axie Infinity and Splinterlands have demonstrated that a play-to-earn business model has the potential to revolutionize the gaming industry. Pandora’s box has been opened, so to speak, and play-to-earn is here to stay. There are already
Less than two days after submitting separate applications to the U.S. Securities and Exchange Commission, asset managers VanEck and ProShares have seemingly decided not to pursue exchange-traded funds with exposure to Ether. In individual Aug. 20 filings with the SEC, legal representatives of VanEck and ProShares both said the firms had elected not to proceed
Bulls officially made their claim clear today as Bitcoin price rallied 4.18% to $49,163 and captured the attention of investors who’ve been waiting for (BTC) to reclaim the $50,000 mark. The uptick in bullish momentum translated into a wave of green candles from altcoins and the majority of the tokens in the top 200 registered gains.
Wells Fargo, in partnership with NYDIG and alternative assets manager FS Investments, has registered a new investment fund dubbed “FS NYDIG BITCOIN FUND I,” which will offer the bank’s wealthy clients an opportunity to gain indirect exposure to Bitcoin (BTC). In another sign of growing institutional interest, filings submitted to the U.S. Securities and Exchange
According to on-chain analysis, some Ethereum indicators are showing signals that whales are continuing to accumulate the cryptocurrency. Ethereum Shows Negative Netflows As Exchange Reserves Continue The Downtrend As pointed out by a CryptoQuant post, ETH indicators seem to be moving in directions that suggest whales are continuing to accumulate. There are three important metrics
Ethereum pushes further into previous highs north of the $3,000. The second cryptocurrency by markets cap recently received a major upgrade, implemented via the “London” Hard Fork. This changed the network’s entire fee model and, according to some experts, has attracted new investors into the market. Thus, the main cryptocurrencies by market cap have seen
Jake Klein, CEO of Australian gold mining establishment Evolution Mining, has said that crypto price volatility will make gold a far more attractive proposition. Speaking to CNBC on Thursday, Klein argued that Bitcoin (BTC) is still ways away from offering the longstanding security associated with gold from a hedge investment perspective, despite Bitcoin’s returns outsizing
Speaking at an online event organized by Council of the Americas, Brazil’s central bank president, Roberto Campos Neto, shared his views on transparent payment networks, the country’s central bank digital currency (CBDC) project and crypto regulation. Campos Neto has been a staunch advocate of the cryptocurrency space since taking office in 2019. His progressive policy-making
As the crypto ecosystem continues to mature and go mainstream, a new study of millennials has shown a change in investor sentiment and their spending habits. Surveying 1,000 American crypto investors, GamblersPick found that an average millennial today holds a little more than $1,800 in crypto. The survey reveals that 25% of the respondents bought
Leading U.S. exchange by trade volume, Coinbase, has revealed plans to add half a billion dollars worth of crypto to its balance sheet. Coinbase CEO, Brian Armstrong, announced that the company’s board had approved the crypto spending spree in an August 20 tweet, adding that Coinbase also plans to invest 10% of all profits generated
Cardano’s native token ADA ignored a serious price crash warning to rally to a new all-time high. The ADA/USD exchange rate reached $2.56 for the first time on Aug. 20, following a 154.54% price boom that started on July 20. In doing so, the pair also ignored veteran trader Peter Brandt’s 60-90% price crash warning,
Bitcoin (BTC) abruptly exited lower levels to challenge firm resistance on Aug. 20 in further inspiration for bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin coils up beneath major sell wall Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local highs of $47,415 on Bitstamp overnight on Thursday. The pair had received a