April 2021 / 58 posts found

Bitcoin, Coinbase, and how cryptocurrency is going mainstream – Vox

by crypto journalist
Coinbase, a platform for buying and selling cryptocurrencies like bitcoin, became the first major cryptocurrency company to go public in the United States on Wednesday. It’s a clear sign that crypto is firmly in the mainstream of the finance industry — and it’s not going away anytime soon. Coinbase stock — which is trading under the ticker COIN — ended its first day at $328 per share, putting the newly public company at a more than $85 billion valuation on Wednesday evening. Throughout the day, Coinbase’s price stayed far above the $250 reference price that the Nasdaq set before trading […]

Ethereum season? ETH options traders are placing big bets for June

by crypto journalist
Ethereum options traders are placing big bets on an ETH rally in June as EIP1559 approaches. The price of Ethereum (ETH) is continuing to rally, reaching $2,000 on April 2 on the back of strong technical momentum following a high-profile announcement from Visa. As Cointelegraph previously reported on March 29, Visa will allow its partners to use USDC on the Ethereum blockchain network to settle transactions. ETH futures total open interest. Source: Bybt.com Since then, the interest in Ethereum across both futures and options markets is seeing an uptick, with the former approaching $7 billion, the highest in over a month.  […]

Massive Exodus of Bitcoin Continues to Leave Exchanges, Over 87,900 BTC Withdrawn in 30 Days | Bitcoin News

by crypto journalist
Massive Exodus of Bitcoin Continues to Leave Exchanges, Over 87,900 BTC Withdrawn in 30 Days Despite the bitcoin price high, there continues to be a massive exodus of bitcoin leaving exchanges. Onchain data shows exchanges are being drained like a sieve and during the last 30 days, 87,954 bitcoin was withdrawn from the top crypto trading platforms. Back in December 2019, it was reported that the San Francisco-based exchange Coinbase held close to 1 million BTC for its users. In fact, in January 2020, Coinbase had around 969,000 BTC and the next month, it was up to its highest point […]

Bitcoin price correction begins — Here’s how low BTC can go

by crypto journalist
The price of Bitcoin may be due for a deeper correction as the upward momentum is showing weakness. The price of Bitcoin (BTC) has been seeing a massive run in recent months as it surged by almost 100% from $10,000 to $19,800. However, the all-time high region at $20,000 has been showing significant resistance, causing the price to drop several times including today, as BTC has now fallen below $19,000 on Dec. 4. The chances of a correction have been slowly increasing amid diminishing volume in recent days. Multiple arguments can be made for a deeper correction, which wouldn’t necessarily […]

XRP Crash Burns Other Crypto Asset Values, BTC Price Remains Unscathed | Market Updates Bitcoin News

by crypto journalist
XRP Crash Burns Other Crypto Asset Values, BTC Price Remains Unscathed Digital currency markets have seen some volatile action this week and during the last 24 hours following the XRP charges, a number of coins shed a great deal of value. At the time of publication, the entire crypto-economy is valued at $629 billion and because XRP lost so much value, bitcoin’s dominance index has risen above the 68% mark. Just recently, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs Inc. and two of its executives. According to the U.S. regulator’s complaint, Ripple Labs “raised […]

‘Bitcoin will go to zero’: Davos talks up the future of blockchain

by crypto journalist
Top experts discussed the future of blockchain and cryptocurrency during a CNBC-hosted panel at the Sanctuary in Davos. This content was originally published here.

Actor Hill Harper launches The Black Wall Street fintech, bitcoin app

by crypto journalist
Nearly a century after Black Wall Street — a center of Black business in the Greenwood district of Tulsa, Oklahoma, that was destroyed in a racial attack — “The Good Doctor” actor Hill Harper is launching a fintech app of the same name to empower investors of color. The Black Wall Street app goes live on June 1 and will offer a digital wallet for peer-to-peer payment and the ability to trade cryptocurrencies like bitcoin and ether. “What the Black Wall Street was in Tulsa and the Greenwood district is just very empowering,” Harper told CNBC about the once thriving […]

Cointelegraph Consulting: Deep diving with Ethereum whales

by crypto journalist
Apart from the amount of Ethereum that the whales hold, another defining characteristic of the group is its investment behavior pattern: It goes long on its assets and, probably, on the ecosystem itself. Neither have the whales sold any significant portion of ETH throughout the life of their addresses nor have they transacted with their ETH. Unsurprisingly, four out of the 10 whales bought more Ether in the last year. Covalent’s latest findings in Cointelegraph Consulting’s biweekly newsletter investigates the anatomy of Ether (ETH) whales. The data indicates that the top 10 ETH-only whales consistently hold roughly 5 million ETH, […]

Skybridge Capital Cofounder Says Gamestop Activity Is ‘More Proof That Bitcoin Will Work’

by crypto journalist
The New York-based Skybridge Capital cofounder, Anthony Scaramucci, recently explained that this week’s Gamestop fiasco is positive for the global cryptocurrency bitcoin. Scaramucci’s statements follow the global investment manager’s recent dive into the crypto economy by gathering exposure to over $300 million worth of the cryptocurrency. Skybridge Capital Cofounder Says Gamestop Stock Activity Bolsters the Concept of Bitcoin The recent Gamestop stock saga has shown the world the power of social media and financial technology combined. Meme lords, Redditors, Discord users, Twitter heads, 4chan trolls, and a number of other internet lurkers have caused a major disruption in the traditional […]

Bitcoin Price Plummets To A Six-Week Low After China Crackdown

by crypto journalist
Bitcoin, that wonderful virtual currency you’ve been hearing so much about, has taken an extraordinary hit to its value. Following China’s announcement that it was cracking down on Bitcoin miners, the price of a single piece of the cryptocurrency now sits at a little more than £9,000 ($12,335). That’s still a horrendously high amount, but, according to CNBC, it’s the lowest price recorded in six weeks and an 11 percent drop from yesterday. Credit: CoinDesk People have been shocked watching Bitcoin’s value go from strength to strength in the latter months of 2017. There were predictions that its value could […]