Monthly Archives: January 2021

Traders flock into altcoins as Bitcoin price trades sideways

Altcoins are surging higher as Bitcoin price consolidates and the prospect of a $3 trillion economic stimulus package sparks confidence in crypto investors. The bullish momentum seen throughout the week has spilled over into the weekend as the majority of the top-100 tokens listed on CoinMarketCap are posting double-digit gains.  Bitcoin (BTC) entering a brief consolidation period and the possibility of a third round of stimulus checks for American citizens are two possible reasons for today’s bullish price action. Daily cryptocurrency market performance. Source: Coin360 While there […]

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Morgan Stanley Massively Increases Bitcoin Exposure Through Microstrategy

Global investment bank Morgan Stanley has increased its bitcoin exposure manyfold by investing in Microstrategy, the Nasdaq-listed company which currently holds about 70,470 bitcoins. Morgan Stanley now has a 10.9% stake in Microstrategy. ‘Even Banks Want Bitcoin’ Global financial services firm Morgan Stanley has significantly increased its exposure to bitcoin, the company’s filing with the U.S. Securities and Exchange Commission (SEC) on Friday shows. Morgan Stanley has declared that it now owns 792,627 shares of Microstrategy. The Nasdaq-listed company has been stacking bitcoin over the past six […]

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Bitcoin’s rollercoaster ride, Ether shines, XRP mystery: Hodler’s Digest, Jan. 3–9

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This Week Brace for impact? After hitting $42,000, Bitcoin price volatility may rise Another week, another spate of all-time highs. Bitcoin managed […]

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Experts: Gold outflows are pushing Bitcoin higher

Gold’s prospects seem to dim as Bitcoin’s glitter According to multiple experts, one possible reason for Bitcoin’s remarkable recent price rise are massive investor outflows from another popular inflation hedge: gold.  Spot gold swooned over the past week, falling 4.62% to $1,857. The asset previously had been surging in unison with Bitcoin, which is up over 40% from $28,000 lows last week. In a Tweet on Friday, Charlie Morris, founder and CIO at ByteTree Asset Management, said that the pullback in gold might be attributable to investors […]

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Bitcoin ‘Going Through the Roof’ Unlike Assets Controlled by Government, Says Former Fed Governor

Former Federal Reserve Governor Kevin Warsh is bullish on bitcoin. He sees all assets that are not controlled by the U.S. government “going through the roof,” unlike those the Fed purports to control. He has outlined three reasons why bitcoin makes sense to him. Why Former Fed Governor Is Bullish on Bitcoin Kevin Warsh was a Federal Reserve governor during and in the aftermath of the 2008 financial crisis. He also served as the Fed’s representative to the G20. Warsh was asked about his view on bitcoin […]

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Sushiswap reveals ambitious 2021 roadmap

In a reveal that set cryptotwitter ablaze, Sushiswap lays the foundation for a strong 2021 After a wild, up-and-down 2020 that saw Sushiswap become the largest decentralized exchange (DEX) by liquidity at two different points, the decentralized finance (DeFi) platform has released a wildly ambitious project roadmap for 2021. Key forthcoming developments include multiple examples of some of the most complex and advanced functionalities in the DeFi space, including a cross-chain DEX that will be enabled by Rune and Moonbeam, an implementation on the Polkadot chain, and […]

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Big Tech’s Freedom of Speech Purge Pushes People to Censorship-Resistant Blockchain Social Media

During the last few days, the world has watched the Big Tech and social media crackdown after the incident that took place at Capitol Hill a few days ago. During the last 48 hours, U.S. President Donald Trump, a great number of right-wing supporters, and literally anyone who speaks out against the U.S. government has been censored. The extreme Big Tech censorship has driven a great number of social media participants to search for censorship-resistant alternatives. Big Tech’s Purge In 2020 and into 2021, mainstream media alongside […]

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Another $84M deposit begs the question: Why are Bitcoin whales in Korea selling?

Bitcoin whales are depositing large amounts of Bitcoin into South Korean exchanges as BTC continues to rally. Bitcoin (BTC) whales in South Korea have been selling heavily across major exchanges throughout the past week. Data shows that multiple $100 million deposits to Bithumb have been spotted in the last three days alone. By volume, South Korea has a much smaller cryptocurrency exchange market compared to the United States. Yet, South Korea’s cryptocurrency exchanges have seen massive inflows that are comparable with other major markets. Large inflows into […]

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As Biden preps $3T stimulus, Bitcoin could be set to erupt

Biden’s fiscal stimulus plan could send the BTC price rocketing higher. The incoming Biden administration’s plan to flood the U.S. economy with trillions of dollars could ignite the next leg of the Bitcoin (BTC) bull market, as more investors seek refuge from a crumbling United States dollar.  Axios, an Arlington-based news outlet, reported Thursday that Joe Biden has asked Congress to provide Americans with $2,000 in stimulus payments to help offset the economic devastation of Covid-19. The incoming president has also proposed a $3 trillion tax and […]

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Bitcoin turning 12: From the Genesis block to Wall Street adoption

The Bitcoin network as we know it today officially kicked off exactly 12 years ago when Satoshi Nakamoto released the first software client. Satoshi Nakamoto, the unknown Bitcoin creator, released the first client network on this day 12 years ago, officially kickstarting what is perhaps the greatest monetary revolution of the 21st century.  Six days prior, on Jan. 3, 2009, Satoshi mined the Genesis block, known as #0, coding it into the software. Unlike the subsequent blocks in the chain, the coin base reward from the Genesis […]

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