Monthly Archives: February 2021

Rising Bitcoin futures funding rate signals traders expect $50,000 BTC

Bitcoin perpetual futures buyers are paying a 5.4% weekly funding rate to keep their positions open, but is this sustainable? Today Bitcoin (BTC) price rallied to a new all-time high at $44,900 shortly after Tesla announced a $1.5 billion investment. This event triggered $555 million worth of shorts to be liquidated in two hours and it happened as Bitcoin futures open interest reached $13.7 billion, which is just 3% below its historical high. These price moves drastically increased the cost of carrying long positions, mainly for those […]

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Human Rights Foundation’s Alex Gladstein Calls Bitcoin ‘An Escape Hatch From Tyranny’

The Human Rights Foundation (HRF)’s Alex Gladstein has heaped praise on bitcoin saying it’s an escape hatch from tyranny and that there is more to it than its price. In comments made via a short video, Gladstein, who is the chief strategy officer (CSO) at HRF, asserts that “people who buy bitcoin are strengthening a tool for protecting human rights.” Bitcoin Preserves Freedom Meanwhile, Gladstein uses the video to push back again bitcoin critics like Paul Krugman whom he describes as living in a “sheltered environment in […]

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Asset DNA: Explaining Bitcoin’s Speculative Attack On The Dollar

Performance Of Various Asset Types Over Time Not all assets are created equal. Some appreciate in value, some lose value over time. This is obvious with things we consume, like the groceries we eat or the clothes we wear. But the same is true of assets that don’t visibly deplete but nevertheless lose value over time through wear and tear, like a car accumulating miles or a building without active maintenance.   Less obvious is how assets that are not depleted by consumption or depreciated through use also […]

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Bitwise files intent with SEC to launch ‘Crypto Innovators ETF’

A recent SEC filing by Bitwise reveals plans to launch a new crypto innovators fund. Bitwise, one of the world’s largest cryptocurrency fund managers, has filed a new prospectus with the United States Securities and Exchange Commission, or SEC, to launch an exchange-traded fund for so-called “crypto innovators.”  The fund manager filed Form N-1A with the securities regulator on Feb. 5, where it outlined its intent to offer the Bitwise Crypto Innovators ETF. The proposed ETF will track the performance of the Bitwise Crypto Innovators Index. The […]

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Unboxing And Review: Hodlr Disk

In this Bitcoin Magazine unboxing, Christian Keroles took a look at the brand new and very impressive Hodlr Disk by Hodlr Swiss. The Hodlr Disk is a very impressive, robust and complete Bitcoin seed-back device. The team at Hodlr Swiss clearly thought through the main ways that a user would want to back up their Bitcoin private key seed phrase and have devised a simple and straightforward manual to guide a user through backing up their seed phrase correctly. In the unboxing, Keroles reviewed the following: Everything […]

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DOGE is ‘not a bad look’ for crypto users, says Mark Cuban as price surges another 8%

The billionaire described the token as “the lowest cost economics teaching tool available” on the market. Amid recent endorsements from celebrities and people in tech, the price of the meme-based cryptocurrency Dogecoin has surged more than 700% in the last month. Now even billionaire Mark Cuban says he understands the appeal. In a tweet today from the Shark Tank star and Dallas Mavericks owner, Cuban said Dogecoin (DOGE) is the “best entertainment bang for your buck available” on the crypto market and doesn’t think it’s a “bad […]

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Cardano (ADA) price rallies 139% following smart contract implementation

Cardano’s successful testnet integration of smart contract functionality and plans to enter the DeFi space back ADA’s 139% rally. Cardano’s (ADA) price has increased 100% since Feb. 1 as social media engagement and excitement about the addition of smart contract functionality is propelling ADA to its highest price level since the bull market of January 2018.  Data from Cointelegraph Markets and TradingView shows that ADA rose from $0.35 on Feb. 1 to its current price of $0.71, a move which has elevated Cardano to the 4th ranked […]

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Will Apple be the next company to adopt Bitcoin after Tesla?

“The firm could unlock a multi-billion dollar opportunity with a few clicks,” said analyst Paul Steves. Earlier today, Tesla Motors announced it had made a major Bitcoin purchase and planned to introduce crypto payments in the future. Some in the industry are now speculating that Apple will be the next institutional player to adopt the crypto asset. In a market report from Royal Bank of Canada Dominion Securities analyst Paul Steves, the introduction of the tech company into crypto could create more than $40 billion in annual […]

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Linkin Park’s Mike Shinoda Auctions his First Non-Fungible Token

Musician Mike Shinoda, guitarist and founding member of the American rock band Linkin Park, has auctioned his first non-fungible token (NFT) for a charitable cause. The NFT, a piece of digital media titled ‘One Hundredth Stream,’’ raised over $30,000 Musician Mike Shinoda, guitarist and founding member of the American rock band Linkin Park, has auctioned his first non-fungible token (NFT). I made a thing: https://t.co/nxirMUsCvb #NFTs #Cryptoart @ourZORA — Mike Shinoda (@mikeshinoda) February 6, 2021 According to a tweet from Shinoda’s Twitter profile, $30,000 of the money […]

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Price analysis 2/8: BTC, ETH, ADA, XRP, DOT, BNB, LTC, DOGE, LINK, BCH

Strong institutional demand has propelled Bitcoin and many altcoins to new all-time highs. Bitcoin (BTC) broke out to a new all-time high today, buoyed by the news that Tesla has purchased $1.5 billion worth of Bitcoin, according to a filing with the Securities and Exchange Commission. In addition to the Bitcoin purchase, Tesla also plans to offer its customers the option of buying products with BTC. Instead of converting BTC payments to fiat upon receipt, Tesla may decide to add it to its reserves. Daily cryptocurrency market performance. Source: Coin360 […]

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