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“# DeFi tokens book double-digit gains after Bitcoin rallies above $39,000 ” A renewed sense of optimism has returned to the cryptocurrency ecosystem on July 26 as Bitcoin’s (BTC) recovery above $38,900 has sparked a market-wide rally in the altcoins. Data from Cointelegraph Markets Pro and TradingView shows that the top movers over the past…
“# How crypto can modernize the world of lending ” Lending has been around in some form for thousands of years — dating back to ancient civilizations where farmers would borrow seeds and use crops as repayment. The arrival of fiat currencies transformed the way economies were run back then. Indeed, you could argue that…
“# Crypto cowboys: Texas counties welcome Bitcoin miners with open arms ” Texas, the second-largest state in the U.S. known for its southern hospitality, is embracing the droves of Bitcoin (BTC) miners that have recently flocked to the region. Following China’s crackdown on crypto mining that occurred in May, a number of Bitcoin mining companies…
“# Here’s how much Musk and Saylor’s tweets influenced crypto prices in Q2 ” Elon Musk and Michael Saylor played a significant role in shaping crypto investor sentiment during the second quarter, underscoring just how nascent digital asset investing remains when compared with other, more established markets. Sentiment-driven analysis from The TIE and eToro USA…
“# Bitcoin ETF ‘not happening in 2021,’ says Wilshire Phoenix co-founder ” William Cai, co-founder of investment firm Wilshire Phoenix, is the latest person to cast doubts on the possibility of a Bitcoin (BTC) exchange-traded fund (ETF) approval in the United States in 2021. Speaking to Business Insider, Cai remarked that a Bitcoin ETF in…
“#Bitcoin surges after Amazon hints it may enter crypto space” The price of bitcoin surged Monday morning to as high as $39,770 per coin after a job posting from Amazon hinted that the company is considering embracing cryptocurrencies. The price of the digital currency was last seen trading almost 11 percent higher, at $38,200 per…
“# Cryptocurrency is ‘pure trading instrument,’ hedge fund CEO says ” Not all hedge fund managers are sold on crypto as Man Group CEO Luke Ellis has compared cryptocurrencies to tulip bulbs. Speaking to the Financial Times, Ellis remarked that the utility of crypto comes from its volatility, thus presenting the asset class as a…
“# Global crypto ATM installations have increased by 70% in 2021 ” Alongside cryptocurrency’s decade-long adoption drive, the momentum behind the installation of crypto ATMs continues across the globe. Based on Coin ATM Radar’s latest data, crypto ATM installations in 2021 have witnessed a spike of 71.73%, pulling up the numbers from 13,993 on Jan….
“# China’s crackdown signals an oncoming crypto ban, Bobby Lee says ” Bitcoin (BTC) maximalist and Ballet CEO Bobby Lee recently discussed the implications of China’s ongoing crackdown on cryptocurrency. Despite the government’s support for a digital renminbi, Lee suggested that Beijing has no interest in nurturing the cryptocurrency industry. Considering his collisions with the Chinese…
“# BTC price burns bears en route to $40K: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) is nearing $40,000 this Monday as a new week gets underway with a bang for bulls. A calm but confident weekend culminated in a dramatic run-up overnight Sunday, with BTC/USD swiftly nearing the top of…