Amazing Crypto

Category: Price Watch

  • Uniswap network fees remain “attractive” despite plunging UNI price

    Uniswap network fees remain “attractive” despite plunging UNI price

    The Uniswap governance token has been seeing some immense turbulence in the time following the launch that took place just a few weeks ago. Upon listing on Uniswap, the token’s price plunged to lows of $1.00 as a flurry of 400 UNI airdrop recipients cashed out their tokens. Shortly thereafter, large buyers stepped in and…

  • Bitcoin ETP volumes grew in October amidst institutional demand

    Bitcoin ETP volumes grew in October amidst institutional demand

    Crypto exchange-traded products (ETP), institutional offerings that track the price of crypto assets like Bitcoin and Ethereum, saw their volumes increase by over 2.2% this month, as per a report by CryptoCompare. The data comes as institutional Bitcoin adoption was bolstered by last month’s $375 million BTC purchase by software firm MicroStrategy and Square’s $50…

  • Bitcoin’s ETF chances are improving as global crypto regulation increases

    Much crypto investor focus has been placed on decentralized finance over recent months. But an underlying narrative remains the potential for a U.S.-regulated Bitcoin exchange-traded fund, which should theoretically allow any investor to easily and securely build a bet on digital assets. Firms such as Gemini and VanEck have made multiple attempts at launching a…

  • Why Filecoin’s hyped token launch was a multimillion “failure”

    Decentralized file-sharing project Filecoin launched last week after years of development and a jawdropping $200 million ICO. But critics and miners are calling it a failed launch. Its fees are turning out a pain point—data shows miner prices to use Filecoin network cost over $40,000 (with hosting and maintenance), in contrast to centralized alternatives like…

  • If all U.S. companies followed Square, $250 billion would enter Bitcoin

    This past week, U.S. fintech giant Square made mainstream media headlines when it deployed $50 million worth of its cash to purchase Bitcoin. This represented approximately one percent of the $90 billion company’s total assets, reported sites like Bloomberg. While a big move, there were some Bitcoin maximalists that criticized the one percent figure, mentioning…

  • The backdrop for institutions to adopt Bitcoin has never been better

    Bitcoin has long been a niche asset only adopted by those on the fringes of society. But this is rapidly changing as institutions have started to enter the cryptocurrency space as they see that there is value in owning BTC and other digital assets. Andrew Kang, the founder of DeFi-focused crypto fund Mechanism Capital, recently…

  • “Don’t vacation yet”: Stablecoin supply suggests Bitcoin and altcoins could rally further

    It’s clear that the bull trend that transpired in the summer is over: Bitcoin, Ethereum, and other top coins have entered a strong consolidation pattern over recent weeks. BTC, for instance, has traded in a $1,000 range for the past six weeks. But investors don’t think now is the time to relax: a fund manager…

  • Square allocates one percent of it’s total assets to Bitcoin

    Square Inc. has announced today that it has purchased 4,709 BTC for approximately $50 million, allocating around 1 percent of its total assets as of Q2 2020 to Bitcoin. The payments company, founded by Twitter’s CEO Jack Dorsey, said that it intends to participate in growing Bitcoin’s adoption. CashApp’s parent company Square invests $50 million…

  • New Bitcoin addresses shoot “off the charts” despite price drop

    Bitcoin’s price action has been tepid at best over the past few weeks due to a confluence of fundamental trends. These include but are not limited to, BitMEX getting charged by the U.S. CFTC, KuCoin getting hacked for over $200 million, a U.K. financial authority banning crypto derivatives, and President Trump urging Capitol Hill to…

  • Cardano update: IOHK fired up for DeFi, mobile clients for Daedalus, and CBDCs

    With multiple teams both inside and outside of IOHK currently working on Daedalus and Goguen, the first week of October has been largely uneventful for Cardano. Charles Hoskinson, the CEO of IOHK, grabbed the opportunity to discuss what lies ahead for Cardano in the next few years, revealing that mobile clients for the Daedalus wallet…