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“# Ray Dalio does 180 on Bitcoin, calls it ‘one hell of an invention’ ” Ray Dalio, the famed founder of Bridgewater Associates, called Bitcoin (BTC) “one hell of an invention,” adding that he’s considering digital-asset investing for clients wishing to protect against currency debasement. In a note to clients that was obtained by Bloomberg…
“# Bitcoin whale explains to Bloomberg why crypto volatility will decline ” Bitcoin’s (BTC) violent price swings could become a thing of the past as institutional buyers with stronger hands continue to push the asset higher, according to a prominent crypto whale. Eric Peters, the founder and CEO of One River Asset Management, told Bloomberg…
“# Binance survey finds that ‘hodlers’ still dominate crypto ” The majority of cryptocurrency users reportedly prefer to hold their crypto as part of a long-term investment strategy, according to a new survey by Binance Research. Released on Thursday, the survey report shows that as much as 55% of respondents own cryptocurrencies like Bitcoin (BTC)…
“# Analyst: Chinese New Year could drive Bitcoin selling pressure ” The upcoming Chinese New Year holidays on Feb. 12 could have an indirect impact on the Bitcoin (BTC) price and drive sell-offs on the market, according to a recent analysis. Per a Jan. 28 report by cryptocurrency investment firm Stack Funds, the ongoing selling…
“# Bitcoin price dips below $30K but here’s why pro traders are still bullish ” In the last 24-hours Bitcoin (BTC) price dropped 10% today to test the $30,000 support. This drop below what traders have described as a ‘key’ support occurred just two days ahead of this month’s futures and options expiry. Despite the…
“# 3 reasons why Uniswap (UNI) token hit a new all-time high above $15 ” Uniswap’s decentralized exchange has emerged as one of the critical pieces in the decentralized finance sector, with the DEX benefiting from the first-mover advantage after it became the go-to exchange for new projects and traders in 2020. In late 2020,…
“# IoT growth, partnerships, ease of mining drive Helium (HNT) price higher ” Helium (HNT) is a decentralized blockchain-powered network designed to allow low-powered wireless devices to communicate with each other and send data across its network of nodes. Since July, 2020, Helium’s native token (HNT) has increased 550% in value from $0.35 to a…
“# The mayor of Reno appears to be a LINK Marine ” As more jurisdictions explore the potential utility of blockchain technology and cryptocurrency, one American mayor suggested that she backs Chainlink — the most widely used oracle network for powering connected smart contracts. When Miami Mayor Francis Suarez announced that his municipality’s website would host Satoshi…
“# Gamified yield farming with nonfungible tokens ” The concept of yield farming has gained a lot of traction over the past year or so particularly because it enables crypto owners to stake their assets in return for tangible returns within short time windows. And while the thought of earning a profit on one’s investment…
“# Price analysis 1/27: BTC, ETH, DOT, XRP, ADA, LINK, LTC, BCH, BNB, XLM ” Public companies have purchased about 85,000 Bitcoin (BTC) in the past year and institutional investors have pumped money into Grayscale Investments, which shows increasing institutional adoption is one of the main reasons for the recent Bitcoin rally. However, at the…