Tag: eth
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Analyst on why Bitcoin and crypto may be in the midst of a “mini bear market”
If you look at Twitter, it may appear that the crypto market is anything but bearish. Friday and Saturday were marked by extremely strong rallies in the prices of altcoins, despite consolidation in the two leading cryptocurrencies. Many small caps, medium caps, and even large-cap altcoins enjoyed gains of 10-50 percent yesterday, resulting in a…
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Steve Forbes Says Bitcoin’s Fixed Supply Limits Its Ability to ‘Meet the Needs of a Growing Economy’
American publisher Steve Forbes has attacked bitcoin’s fixed supply saying this feature actually curbs the ability of the crypto to “meet the needs of a growing economy.” He also argues that bitcoin cannot replace the dollar because it is presently too volatile to function as money. Forbes insists that money only works best if it…
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Offline Travel App Maps.Me Raises $50M in Funding Round Led by Alameda Research
The funding will go toward the launch of a multi-currency wallet on Maps.me, enabling decentralized finance (DeFi) features for 140 million users.
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Demand for Crypto Soars: Bitcoin Funds Break Records, Goldman Sachs Wants In
Investors are increasingly seeking exposure to bitcoin following the recent months-long price rally. Bitcoin exchange-traded products are seeing record trading volumes. Meanwhile, more big banks are reportedly trying to get into the crypto space, including Goldman Sachs. High Demand for Bitcoin and Crypto Products With the price of bitcoin rapidly rising over recent months, more…
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Crypto Long & Short: No, Bitcoin Is Not in a Bubble
Commentators and analysts who say bitcoin is in a “bubble” show they don’t understand what the term means.
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China’s Blockchain-Based Service Network to Integrate Central Bank Digital Currency
The BSN expects to complete integrations with a total of 30 public blockchains this year.
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Curve (CRV) erupts 50% higher in a day amid renewed DeFi interest
The majority of decentralized finance (DeFi) coins have seen extremely strong rallies since the start of 2021. Analysis by crypto-asset analyst Ceteris Paribus found that since the start of the year, like literally two weeks ago, the average DeFi large-cap has seen 75 percent gains. This includes coins such as Aave (AAVE), Compound (COMP), SushiSwap…
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IMF Tells Governments: Spend as Much as You Can and Then Spend More
The head of the International Monetary Fund (IMF) has called on countries worldwide to spend as much as they can and then spend more. She admitted that this is a “very unusual” policy for the IMF but it is needed to revive economies. Many people are interpreting her statement as very bullish for bitcoin. IMF…
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Grayscale Raises $700M+ in a Day, Its Largest Daily Asset Raise Ever
In Q4 2020, the company raised $3.3 billion across its cryptocurrency investment vehicles.
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Ripple Is Hiring Director of Engineering for RippleX Platform
The planned new hire along with a recent expansion show Ripple does not seem deterred by legal troubles in the U.S.