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“# Price analysis 1/13: BTC, ETH, XRP, LTC, ADA, BCH, DOT, XLM, LINK, BNB ” The top 100 richest Bitcoin (BTC) addresses have added 334,000 Bitcoin to their existing holdings over the past 30 days, a clear signal that whales and institutional-size investors bought the dip. A positive sign is that most of them have…
“# Financial advisers are betting on Bitcoin as a hedge ” Cryptocurrencies like Bitcoin (BTC) are increasingly being used by financial advisers as a hedge against inflation, underscoring the dramatic shift in institutional sentiment toward digital assets. The “Bitwise/ETF Trends 2021 Benchmark Survey” reveals that 9.4% of financial advisers were allocating to cryptocurrencies in 2020 —…
“# Bitcoin price stuck at $32K–$35K: Likely outcomes of BTC ‘flush’ drop ” In the short term, the crucial technical resistance level is $35,500. Throughout the past 24 hours, Bitcoin has continuously rejected at that level. When Bitcoin rose to around $35,500 on Binance earlier on Jan. 13, it saw an 8% drop shortly thereafter,…
“# 3 key reasons why the DeFi sector is booming again ” Data from Messari shows that over the past 30 days, the majority of tokens listed on the site’s DeFi Assets index have rallied by more than 20%. A few standouts such as Maker’s MKR, Synthetic Network Token (SNX) and SushiSwap’s SUSHI gained more…
“# Arxnovum files Bitcoin ETF application with Canadian securities regulators ” Canadian investment fund manager Arxnovum Investments has filed a prospectus for a new Bitcoin (BTC) exchange-traded fund, or ETF, in Canada. On Jan. 11, the company filed a stack of preliminary documents for the Arxnovum Bitcoin ETF with Canada’s Ontario Securities Commission. According to…
“# ECB president Lagarde renews calls for global regulation of Bitcoin ” The European Central Bank president Christine Lagarde has repeated her insistence that global regulators need to tighten the rules to ensure Bitcoin (BTC) falls under more coordinated oversight. In an interview at the Reuters Next conference — amid an unprecedented bull market for…
“# ‘Drive your lambos to the moon,’ says Lindsay Lohan in crypto promotion video ” The crypto bull season, and the accompanying hype, is undoubtedly upon us. Recalling some of the celebrities who got in on crypto during the historic winter 2017 market, actress Lindsey Lohan has now recorded a paid, promotional video for Bitcoin…
“# Digital ruble could be still vulnerable to fraud, Russian banks warn ” Russia’s central bank digital currency, or CBDC, could contain a number of risks related to cybersecurity and fraud, according to several local financial institutions. The Association of Russian Banks, or ARB, has released its official feedback on Russia’s digital ruble project on Jan….
“# Former Coinbase compliance exec joins BitGo as new CCO ” BitGo, a major digital asset custody and security company, has hired a former compliance executive of Coinbase. Jeff Horowitz, Coinbase’s former chief compliance officer, is joining BitGo as its new chief compliance officer, the firm announced Jan. 13. Horowitz joins BitGo after serving the…
“# GateHub to continue supporting XRP despite Ripple’s legal issues ” As Ripple faces serious legal charges over its associated token XRP, many crypto platforms have decided to drop support for the coin until things are settled. However, GateHub, a United Kingdom-based cryptocurrency gateway service, has decided to continue listing XRP. According to a Jan….