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“# VC funds bullish on crypto, increase investment in blockchain startups ” Venture capital funding for crypto and blockchain startups looks set to break records in 2021. As previously reported by Cointelegraph, crypto firms received more funding in the first quarter of 2021 than the whole of 2020. Indeed, three companies in the market attracted…
“# Mass adoption may take crypto toward centralization ” This is the year cryptocurrency finally starts to break into the mainstream. From Elon Musk and Tesla investing in and accepting Bitcoin (BTC) to the recent nonfungible token craze, the days of blockchain tech being the domain of cypherpunks and coders are behind us. Still, the…
“# Ethereum could go to $10K in 2021 and outperform Bitcoin, says veteran trader ” Ethereum is likely to outperform Bitcoin, at least in the short term, said veteran trader Scott Melker in an exclusive interview with Cointelegraph. Alt szn is upon us Melker sees this period of Bitcoin’s price consolidation as particularly bullish for…
“# Watch these key technical levels as Bitcoin price nears $61,800 all-time high ” The price of Bitcoin (BTC) has surpassed $61,000 on April 10 for the first time in nearly a month. Following the breakout, traders are starting to look at new levels of resistance and support in the short-term as optimism returns to…
“# All that mined is not green: Bitcoin’s carbon footprint hard to estimate ” The debate around the environmental impact of the Bitcoin mining ecosystem is heating up once again as academics have provided a fresh dose of perspective on the subject. In an opinion piece written by Noah Smith, a former assistant finance professor…
“# Bitcoin suddenly hits $60K as a new resistance battle liquidates $850M ” Bitcoin (BTC) returned to $60,000 on April 10 as a bout of long overdue volatility hit the market in line with analysts’ expectations. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview “Being a bear is expensive” Cointelegraph Markets Pro and TradingView showed a…
“# Price analysis 4/9: BTC, ETH, BNB, XRP, ADA, DOT, UNI, LTC, LINK, THETA ” Hong Kong tech company Meitu revealed on April 8 that it had added $10 million worth of Bitcoin (BTC) to its holdings which were purchased at an average rate of $57,000 per coin. After the latest purchase, Meitu’s total cryptocurrency…
“# Terrorists still raise money through crypto, but the impact is limited ” We’re living today “amidst an explosion of risk related to fraud, money laundering, terrorist financing, and data privacy,” said United States Treasury Secretary Janet Yellen in February — and she specifically cited cryptocurrencies as a “tool to finance terrorism.” Yellen appeared to…
“# Bitcoin to zero? Not while this Redditor has $187,000 to spend ” In the years since Bitcoin’s 2009 launch, the crypto industry’s inaugural blockchain-based asset has survived many speculative deaths. While it is true that Bitcoin (BTC) could theoretically crash by the tens of thousands of dollars necessary to take it to zero, one…
“# HSBC reportedly blacklists MicroStrategy’s stock for investing in Bitcoin ” Buying MicroStrategy stock (MSTR) is reportedly no longer possible for HSBC customers on the bank’s online trading platform — HSBC InvestDirect, or HIDC. According to a supposed message from the bank to its customers, HSBC has directed users that already own MicroStrategy stock not…