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31

Bitcoin News & Updates / What price levels MUST Bitcoin maintain?

« on: June 01, 2021, 10:30:13 AM »

which was cruising toward an ATH the previous month, is currently undergoing a streak of corrections and consolidation. At the time of writing, it was at the $35k mark, although struggling to maintain firm footing at the price level. What is on everyone’s mind is: how long will this phase last? and what price levels should the coin maintain.

Is there a price level that the world’s largest cryptocurrency needs to maintain to avoid a surging bearish price action – a crucial line in the sand? This was the topic of discussion by Decentrader analysis.source

32

Dogecoin Forum / Elon Musk Discovers New Use Case for Dogecoin

« on: May 30, 2021, 11:56:39 PM »

Tesla CEO Elon Musk has picked up a ludicrous idea of creating a hot tub that would rely on the heat generated by Dogecoin mining.
The frivolous plan was suggested by the Twitter account of the leading crypto portfolio tracker Blockfolio. Given that Musk is already spearheading Dogecoin’s development after accepting DOGE for a satellite mission, it might not be too far-fetched to assume that it could be another project in the pipeline.source

33

News related to Crypto / America's Oldest Bank Creates Cryptocurrency Unit in Ireland

« on: May 30, 2021, 11:53:56 PM »

BNY Mellon, America’s oldest bank, has set up a Digital Innovation Hub in Dublin, Ireland, according to a May 30 report by Business Portal. The cryptocurrency unit will provide custody services for different types of different assets. BNY Mellon announced its foray into crypto in February, racing ahead of rivals like Citi and JPMorgan. It claimed that it would allow its customers to hold and trade digital assets in 2021 but didn’t specify when exactly the new service would launch.
In March, the bank also disclosed its strategic investment in cryptocurrency startup Fireblocks.
The largest custodian bank in the world with roughly $41 trillion worth of assets under management established its presence in Ireland back in 1994.Source

34

Dogecoin Forum / Dogecoin Is Not Worth $37 Billion, Says Crypto King Barry Silbert

« on: May 30, 2021, 11:49:43 PM »

Digital Currency Group CEO Barry Silbert has doubled down on his criticism of Dogecoin.
During a recent Twitter spat with Billy Markus, the co-founder of the meme crypto who tweets under the “Shibetoshi Nakamoto” handle, Silbert wrote that DOGE wasn’t worth $37 billion.source

35

Bitcoin News & Updates / Bitcoin Volatility is Affecting U.S. Markets, According to A New Study

« on: May 27, 2021, 09:00:54 AM »

DBS’s Chief Economist Taimur Baig and Macro Strategist Chang Wei Liang said in a research that finds the world’s largest token is no longer a peripheral asset class that S&P 500 contracts tend to exhibit larger swings when Bitcoin went up or down by 10% in an hour.

They examined four such trading days as examples of severe Bitcoin volatility — December 28, January 4, January 29, and May 19 — and compared the link to S&P 500 futures. According to the study, BTC and the S&P 500 are more favorably associated after a major crypto rise, with a correlation of 0.26 vs 0.19 under normal conditions.source

36

Coinbase / Has Coinbase launched a decentralized fact checking portal?

« on: May 27, 2021, 08:57:05 AM »

Coinbase has launched a fact-checking portal to combat “misinformation and mischaracterizations about Coinbase or crypto” being shared online. Coinbase CEO Brian Armstrong has announced the launch of what he’s calling a “Fact-Check" via the company’s blog.
In a May 27 post titled “Announcing Coinbase Fact Check: Decentralizing Truth in the Age of Misinformation,” Armstrong expressed the firm’s desire to combat untrue assertions aimed towards Coinbase and the crypto industry as a whole:source

37

Bitcoin News & Updates / As Bitcoin’s payment options grow, BTC true future role up for debate

« on: May 09, 2021, 05:35:09 AM »

Demand for Bitcoin has certainly grown over the last year,” co-author Luther, assistant professor of economics at Florida Atlantic University, told Cointelegraph in a recent conversation. “As new users find themselves with Bitcoin, and existing users find themselves with more Bitcoin, it’s only natural that more people will consider using it to make payments.”

Others see a recent rise in crypto payment options. “Definitely,” Joanna Wasick, a partner at law firm BakerHostetler, told Cointelegraph, adding: “More people are owning cryptocurrencies, and more companies are accepting them — sometimes even at an incentive over fiat. There’s also an influx of exchanges and payment platforms facilitating these kinds of transactions. I don’t think that happens without a demand.source

38

Chainlink Forum / Chainlink surges past $50 to hit yet another ATH

« on: May 06, 2021, 12:57:18 PM »

Chainlink, however, was an exception to the norm, with the cryptocurrency choosing the opposite direction to climb to yet another ATH on the charts.

At the time of writing, LINK had breached the much-anticipated $50-level, having hiked by 40% in the last 7 days alone

39

Dogecoin Forum / KFC Canada Says It Now Accepts Dogecoin

« on: May 06, 2021, 12:54:03 PM »

Kentucky Fried Chicken has expanded payment options for its Canadian customers with joke cryptocurrency Dogecoin.
The fried chicken chain has dabbled in crypto before. Back in January 2018, KFC Canada started advertising a “Bitcoin Bucket” that could be purchased with BTC via BitPay. However, this was only a temporary marketing gimmick.

Dogecoin's merchant adoption has been making great strides as of recently. Mark Cuban's Dallas Mavericks, electronics retailer Newegg, and internet service provider EasyDNS are among the latest companies that have embraced the meme token.

Earlier today, Dogecoin reached a new all-time high of $0.69.source

40

Decentralized Exchanges (DEX) / DeFi TVL Taps $78B ATH as Uniswap v3 Launch Nears

« on: May 05, 2021, 10:56:06 PM »

May 5 is the day that Uniswap announced for the launch of its latest version 3 upgrade. The new version will introduce a number of new features targeting capital efficiency. Layer 2 scaling is not included in this upgrade but will be launched soon according to Uniswap Labs..read

41

Decentralized Exchanges (DEX) / Decentralized exchange protocol Uniswap v3 goes live on Ethereum

« on: May 05, 2021, 10:54:00 PM »

The long-awaited third iteration of the decentralized exchange protocol Uniswap went live on Wednesday.

Unveiled in March, Uniswap v3 aims to make the on-network exchange of tokens drastically more capital-efficient. As reported at the time, the design hones in on a capability called concentrated liquidity by which liquidity providers (LPs) can make markets within customized price ranges.more....

42

Bitcoin News & Updates / Bitcoin Depot Installs More Than 350 New Crypto ATMs in the U.S.

« on: May 04, 2021, 04:01:06 AM »

Bitcoin Depot, one of the largest and fastest-growing cryptocurrency ATM networks based in Atlanta, Georgia, revealed in a press release that it has increased the number of available bitcoin ATMs in the world by launching more than 350 new crypto ATMs opening across the U.S.

With its goal of making cryptocurrency transactions more secure, convenient, and faster, thus increasing crypto adoption by the public, the company claims to have more than 2,500 strong networks of cryptocurrency ATMs that enable users to buy Bitcoin, Litecoin, and Ethereum instantly.source

43

Kraken / £3.8 billion investment trust acquires stake in crypto exchange Kraken

« on: April 25, 2021, 02:05:35 PM »

RIT Capital Partners, a British investment trust managed by J. Rothschild Capital Management Limited, has acquired a stake in the cryptocurrency exchange Kraken.

Investors in the trust were told about the stake during a webinar hosted by Numis Securities in late March, according to a note published by the London-based broker and corporate adviser on April 12.

Ewan Lovett-Turner, a director at Numis, told The Block the note referred to “a secondary market purchase at what [RIT Capital] thought was attractive value.”source

44

Bitfinex / MakerDAO (MKR), Golem (GNT) Pairs Delisted by Bitfinex. What's the Reason?

« on: April 25, 2021, 02:02:40 PM »

According to the official announcement on the Bitfinex website, starting from April 23, 2021, trading for nine asset pairs will cease. These measures affect Golem Network Token (GNT), MakerDAO (MKR), Loopring (LRC), Nectar (NEC), CryptoFranc (XCHF), Wrapped Bitcoin (WBTC) and Native Utility Token (NUT).
GNT and MKR will be delisted against both Bitcoin (BTC) and Ethereum (ETH); NEC, WBTC and XCHF trading will cease in Ethereum (ETH) pairs only; Loopring (LRC) holders will be restricted from exchanging it into Bitcoin (BTC) and NUT is going to be removed from Tether (USDT) pairs.

The Bitfinex team admits that all tokens are delisted "due to low levels of liquidity." Bitfinex periodically adjusts its spot trading suite to ensure maximum performance and resource efficiency.source

45

Bitfinex / Bitfinex has listed Dogecoin

« on: April 25, 2021, 01:59:07 PM »

Crypto exchange Bitfinex has added two new trading pairs featuring Dogecoin: DOGE/USD and DOGE/USDt.

Bitfinex has also opened deposits and withdrawals in DOGE so that it is possible to deposit, exchange and withdraw Dogecoin on the exchange.

Users will be able to convert their MegaDogecoin (MDOGE) already on the Bitfinex platform into DOGE, via the conversion tool, at a conversion rate of 1 MDOGE = 1,000,000 DOGE.
Source:click

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