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“# Bitcoin and Ethereum held on exchanges drops to a multi-year low, here’s why ” Recent global developments have put a spotlight on the cryptocurrency sector as people across the world begin to question the decision making process of governments and central banks. Multiple metrics like the increasing amount of Ether (ETH) and Bitcoin (BTC)…
“# Band, Loopring (LRC) and Cream secure a slice of DeFi with new partnerships ” The U.S. dollar lost about 7% of its value in 2020, while Bitcoin rallied about 300% during the same period. As Bitcoin’s institutional adoption increases, United States companies may start to diversify their treasury with other stores of value, and Bitcoin…
“#Elon Musk takes break from Twitter after market-moving posts” Investors who take their cues from Elon Musk may have to go without his occasionally bizarre musings for a spell. The billionaire Tesla boss went on a Twitter hiatus after making several posts that moved markets in recent weeks. “Off Twitter for a while,” Musk wrote…
“# Crypto industry must keep scammers from stealing another $16 billion ” Unsuspecting investors have lost $16 billion by buying into crypto projects they thought would be the next best thing. And that money is nearly impossible to recover. As the crypto industry established itself as a disruptor of currency and technology and as Bitcoin…
“# OKEx to accelerate Bitcoin transactions with Lightning Network ” Global cryptocurrency exchange OKEx is moving to cheaper and faster Bitcoin (BTC) transactions with its upcoming Lightning Network integration. According to a Feb. 2 announcement, OKEx’s Bitcoin Lightning Network will be integrated “in the coming quarter,” making OKEx a participant node in the Lightning Network….
“# How low can Bitcoin price drop if BTC fails to retake $35K soon? ” Bitcoin (BTC) has seen a turbulent past few days after Elon Musk showed support for Bitcoin amid the GameStop fiasco on the equity markets. However, since that tweet, Bitcoin’s price has been correcting as the entire push through Elon Musk got…
“# Corporate buy-ins could take Bitcoin price over $500K — report ” Bitcoin (BTC) could fetch at least a $535,000 price tag if corporate buyers convert 10% of their cash reserves to the largest cryptocurrency. In one of the various conclusions from its latest report, “Bitcoin: Preparing for Institutions,” investment firm ARK Invest said that…
“# Winklevoss’ Gemini crypto exchange launches ‘Earn’ offering ” Gemini cryptocurrency exchange has launched an interest-earning program for customers in the United States. Dubbed Gemini Earn, the program lets customers earn up to 7.4% annual interest on all cryptocurrencies supported by Gemini, the firm announced Tuesday. The platform supports 26 cryptos like Bitcoin (BTC), Ether…
“# Grayscale may jumpstart the next phase of the Bitcoin bull run tomorrow ” Bitcoin (BTC) may have traded sideways for much of last month thanks to Grayscale, but the status quo will soon change. According to data from on-chain analytics resource CryptoQuant, the price premium of the Grayscale Bitcoin Trust (GBTC) just hit its…
“# 22.3 million Bitcoin addresses were active during January ” January was a record month for Bitcoin’s price and network activity, with more than 22.3 million unique addresses actively sending or receiving BTC over 31 days. The milestone was spotted by crypto market data aggregator Glassnode, who tweeted that January had seen the highest monthly…