Monthly Archives: February 2021

Bitcoin price hits $36,800 shortly after Ethereum closes above $1,500

Bitcoin bulls pushed BTC price through a key resistance level just a few hours after Ethereum closed above $1,500. On Feb. 2 Ether (ETH) saw its price breakout to a new all-time high at $1,555 as increased activity in the derivatives market provided clear signals that traders were bullish on the long-term prospects of the largest altcoin by market capitalization. Bitcoin price also saw a bullish breakout as it finally crossed above the $35,000 resistance and currently trades for $36,700 ETH/USDT 4-hour chart. Source: TradingView Prominent business […]

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Supply chain and logistics projects dominate additions to Forbes Blockchain 50

The number of major companies using blockchain for logistical purposes is on the rise. More than half of companies added to the Forbes Blockchain 50 list for the first time this year are using tblockchain to resolve logistical issues faced in their line of business.  Eleven of the 21 new entrants added to the annual tally are applying blockchain and DLT-based solutions to problems regarding supply chains, product tracking and shipping information. According to Forbes, “hundreds of sizable companies are now using Bitcoin and its underlying technology […]

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Crypto Firm to Launch Polkadot ETP on Swiss Exchange SIX

21Shares AG, a Zurich-based investment provider, is launching what is being dubbed as the world’s first Polkadot exchange-traded product, or ETP. The DOT ETP will be listed on the Swiss exchange SIX on Thursday, February 4, said the company in a statement on Tuesday. DOT is the native token of the Polkadot network. DOT has since been added to 21Shares’ Crypto Basket ETP (HODL), which tracks five major assets including bitcoin (BTC) and ethereum (ETH). Since its addition on Jan. 29, DOT now accounts for 27% of […]

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Coin Metrics co-founder takes aim at WSJ’s Tether FUD

Reputable data analyst fires back at “wild theories” about Tether reported by the Wall Street Journal. The co-founder of crypto data and insights firm Coin Metrics has fired back at yet another article in mainstream media claiming that the “Bitcoin bubble” has been driven by Tether. Nic Carter, a former Fidelity crypto asset analyst and Castle Island Ventures partner, slammed the Wall Street Journal article titled “Behind the Bitcoin Bubble” by Andy Kessler, alleging that it verged on “journalistic malpractice”. “Normally, if you are a columnist writing […]

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Asset Manager Values Bitcoin at $500K, Expects BTC to Be Worth More Than Gold, Sees Massive Institutional Interest

One River Asset Management’s CEO says his firm now holds bitcoin worth “well over” $1 billion. He revealed that the institutional interest in bitcoin is “astounding,” noting that almost all major institutions in the U.S. are having discussions about the cryptocurrency. He believes that bitcoin will be worth more than gold, placing its value at approximately $500K. One River Asset Management’s CEO Is a Bitcoin Bull The CEO and co-founder of One River Asset Management, Eric Peters, shared his view on bitcoin at length in an interview […]

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1,400 sign up for MicroStrategy’s corporate Bitcoin-buying bootcamp

Microstrategy, the business intelligence firm that has enjoyed 135% gains on the $1 billion in BTC it purchased last year, is hosting a webinar on corporate Bitcoin strategy. Leading global business intelligence firm MicroStrategy is hosting an online seminar this week to explain the legal considerations for firms seeking to integrate Bitcoin into their businesses and reserves. A Feb. 3 tweet from MicroStrategy CEO, Michael Saylor, said that representatives of more than 1,400 firms have already signed up for the event — which is dubbed “Bitcoin for […]

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Miami mayor says city employees should be able to take their salaries in Bitcoin

Miami wants to overtake Silicon Valley as the most Bitcoin-friendly place in the U.S. Miami city employees could soon choose to get their salaries paid in Bitcoin rather than USD. In an interview with Forbes, Mayor Francis Suarez said tangible paths to expand Bitcoin’s adoption throughout the city included enabling city employee salaries to be paid in BTC. Major figures in the cryptocurrency world have responded positively to the idea, with Twitter and Square CEO Jack Dorsey calling it “smart” on Twitter. Smart https://t.co/wxsQkbfPef — jack (@jack) […]

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Pioneering Aussie engineer refinances home loan using DeFi in a single day

After hitting a wall with banks, a borrower has turned to DeFi to pay off his mortgage. A software engineer has taken decentralized finance to a new level of practicality, by paying off his mortgage with Commonwealth Bank of Australia and refinancing the loan through fixed-rate lending protocol Notional Finance. The move marks a major step for the fledgling DeFi sector and more fixed-rate lending protocols in DeFi may attract additional users seeking mostability in longer-term investments and loans, such as mortgages. Currently, the ecosystem is largely […]

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LUNA doubles in price after $25 million investment by Galaxy Digital

The Terra Protocol is an up-and-coming crypto platform for DeFi and payment projects, spurred on by working products and a growing audience for DApps based on its technology. LUNA, the native coin of the Terra blockchain, shot up another 37% to $2.46 on heavy trading volumes today, continuing a parabolic climb that started in mid-November.  The coin is currently up 100% in price since news broke one week ago that Mike Novogratz’s Galaxy Digital made a $25 million investment in Terraform Labs, the Seoul-based company that manages […]

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Bitcoin and Ethereum held on exchanges drops to a multi-year low, here’s why

Lucrative DeFi investing opportunities and increasing participation from institutional investors are driving the amount of Bitcoin and Ethereum held on exchanges to new lows. Recent global developments have put a spotlight on the cryptocurrency sector as people across the world begin to question the decision making process of governments and central banks.  Multiple metrics like the increasing amount of Ether (ETH) and Bitcoin (BTC) locked in DeFi, soaring transaction and on-chain activity and the plummeting BTC and Ether reserves of top exchanges show that investors are becoming […]

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