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“# Crypto investors should consider buying gold, Newcrest Mining CEO says ” Sandeep Biswas, managing director and CEO at Newcrest Mining, believes crypto investors should consider buying some gold to protect themselves against highly unstable prices of cryptos like Bitcoin (BTC). “If you’re into cryptos, you want to consider having some gold,” Biswas said on…
“# Bitcoin whale clusters pinpoint $44,214 as the key near-term price level ” Bitcoin (BTC) whale cluster data shows that $44,214 is the key near term level that the dominant cryptocurrency needs to defend. As Cointelegraph reported, in the last 24 hours, Bitcoin saw a sell-off after reaching a new all-time high at around $48,000,…
“# US Treasury Secretary Yellen says crypto misuse is a growing problem ” United States Treasury Secretary Janet Yellen is concerned about crypto’s supposed criminal element. In Feb. 10 remarks to a financial sector innovation roundtable, United States Treasury Secretary Janet Yellen stated that the misuse of cryptocurrencies and virtual assets has been a growing…
“# Lightning Network node count hits record high, TVL tops $42M ” The Lightning Network has grown 75% in size over the past year, hitting a record high 8,900 nodes for the first time on Feb. 8, according to LN monitors at Bitcoin Visuals. A significant proportion of the increase occurred more recently, suggesting that…
“# Lawyers warn Elon Musk’s Bitcoin pumping tweets could attract SEC’s ire ” Legal advisors have warned that Tesla chief executive Elon Musk could come under scrutiny from the U.S. Security and Exchange Commission over his social media activity around Bitcoin. On Monday, Feb. 8 Tesla announced in an SEC filing that it had purchased…
“# MasterCard announces support for crypto on its network ” MasterCard has announced plans to support cryptocurrencies in 2021, paving the way for its nearly one billion users to spend digital assets at more than 30 million merchants. The firm believes this may open merchants up to new customers and build loyalty with existing customers…
“# 88% of all BTC transfers are overpaying transaction fees ” According to analysis by Mark “Murch” Erhardt of Chaincode Labs, 88% of all Bitcoin transaction inputs pay higher fees than are necessary. Erhardt bases his conclusion on data showing just 12% of transaction inputs use the SegWit format, which is less fee intensive than…
“# Ethereum killers and layer-2 tokens rally despite 5% Bitcoin price drop ” On Feb. 10, Bitcoin (BTC) price pulled back 5% from its newly established $48,220 high and a number of altcoins also underwent slight corrections. Data from Cointelegraph Markets and TradingView shows Bitcoin has declined 4.96% since yesterday’s highs and currently trades at…
“#Big companies unlikely to follow Tesla on Bitcoin: JP Morgan” Tesla’s $1.5 billion investment in bitcoin probably won’t inspire other major companies to spend their corporate cash on cryptocurrency, JP Morgan analysts say. The electric-car maker’s move to spend 8 percent of its cash reserves on bitcoin spurred speculation that the digital currency might start…
“# Price analysis 2/10: BTC, ETH, ADA, XRP, DOT, BNB, LTC, LINK, DOGE, BCH ” Bitcoin’s (BTC) market capitalization topped $889 billion on Feb. 9, pushing BTC above the value of Tesla and the Russian ruble, according to data from AssetDash. The current rally is longer limited to Bitcoin as several altcoins have been surging…