Monthly Archives: April 2021

Venus (XVS) price aims for $100 amid rising TVL and surge in DeFi users

The total value locked in Venus soared to a record $11.1 billion as DeFi users flock to the platform in search of attractive yields. Binance Smart Chain (BSC) has rapidly risen to prominence in 2021 as high transaction costs and congestion on the Ethereum (ETH) network led smaller-size investors to search for cheaper alternatives. One of the top choices to earn a yield on the BSC is Venus (XVS), an algorithmic money market and synthetic stablecoin protocol that provides a lending and borrowing solution for the decentralized […]

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Shark Tank’s Barbara Corcoran Advocates Getting Rich by Investing in Real Estate, Not Cryptocurrencies

Shark Tank star Barbara Corcoran, the entrepreneur who turned a $1,000 loan into a billion-dollar real estate empire, says she will get rich by investing in real estate, not cryptocurrencies. The American investor takes every extra dime she has and puts it in real estate, emphasizing that she will get rich nice and slow this way. Investing in Real Estate vs. Cryptocurrency Real estate entrepreneur Barbara Corcoran shared her view on cryptocurrency and bitcoin in an interview with TMZ this week while out and about in Union […]

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Coinbase frenzy, DOGE dazzles, Bitcoin breaks records, Jim Cramer sells: Hodler’s Digest, April 11–17

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 Coinbase gets off to a rocky start as it lists on the Nasdaq It was billed as a watershed milestone for cryptocurrency the industrys Netscape moment. This week, Coinbase made its stock market debut. There was no shortage of excitement in the run-up […]

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Bitcoin dips under $60,000 — What’s pulling down BTC price?

The price of Bitcoin suddenly dropped below $60,000 days after the Coinbase public listing. The price of Bitcoin (BTC) declined below $60,000 on April 17 after a strong rally throughout the past week in anticipation of the Coinbase public listing on Nasdaq. However, after the COIN listing, which is the ticker of the Coinbase stock, the cryptocurrency market started to correct. BTC/USDT 1-day price chart (Binance). Source: TradingView.com An expected Bitcoin sell-the-news drop Coinbase’s public listing brought significant attention to the cryptocurrency market. It marked the first […]

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Is Bitcoin becoming the ‘Google’ of crypto as BTC market cap nears new milestone?

Bitcoin is nearing the market capitalization of Google, but why is this an important trend to observe? Holger Zschaepitz, a market analyst at Welt, emphasized that Bitcoin (BTC) is nearing the valuation of Google, as it heads toward $1.5 trillion in market capitalization. Currently, as of April 17, the market cap of Bitcoin is hovering at around $1.12 trillion as the entire valuation of the crypto market remains comfortably above $2 trillion. What is the similarity between Bitcoin and Google? The similarity between Bitcoin and Google that […]

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Canada Approves Three Ethereum ETFs, Ether Funds Set to Launch on TSX Next Week

Canada has been approving crypto exchange-traded funds (ETF) more quickly than the United States and after three successful bitcoin ETFs, the country has approved three ethereum-based ETFs. The three ether ETFs in Canada will debut on Toronto’s stock exchange (TSX) on April 20, 2021. Three Ethereum ETFs Set to Launch in Canada Next Week Back in February, Bitcoin.com News reported on the launch of the first North American bitcoin exchange-traded fund. A few days later, the fund called the “Purpose Bitcoin ETF” captured massive volume with $165 […]

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Clearly, Jim Cramer Doesn’t Get Bitcoin

“Mad Money” host Jim Cramer’s announcement that he sold bitcoin to pay a mortgage demonstrates lack of monetary economic understanding. This week, CNBC host Jim Cramer announced that he had sold half of his bitcoin to pay off a mortgage. “It was like phony money paying for real money,” he said. “I think I won.” While Cramer, the well-known host of “Mad Money,” has quite an impressive background having graduated from Harvard University and later running his own hedge fund, his choice to sell bitcoin to pay […]

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Coinbase insiders dump nearly $5 billion in COIN stock shortly after listing

After an edict to remain “mission focused,” Coinbase executives have succeeded in making themselves a fortune. Insider activity reports for Coinbase’s COIN stock indicate that multiple early investors and executives dumped billions in equity shortly after COIN’s direct listing, with at least one C-suite director cashing out their stake in the cryptocurrency exchange entirely.  Data from Capital Market Laboratories and confirmed by filings on Coinbase’s Investor Relations website shows a total of 12,965,079 shares sold by insiders, worth over $4.6 billion at COIN’s $344.38 per share Friday […]

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After a remarkable run, social media sentiment sours on DOGE

Americans carried the digital currency higher, but their enthusiasm may be waning. It was a Shiba Inu shooting across the sky: Dogecoin’s run over the past week will be one for the history books. However, for all the fireworks social media data is indicating that the meme’s run may have met its end.  The digital currency, which originally launched in 2013 and has been at the center of a number of absurd headlines and scams over the years, notched another chapter in its often puzzling history over […]

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Bitcoin to close April above $90K? When & where this bull wave will top

Stock-to-flow model creator PlanB has calculated Bitcoin could reach $92K by the end of April…but will it actually get there? The cryptocurrency markets experienced a monumental green wave this week. Bitcoin and Ether calmly made new all-time highs on the back of Coinbase’s direct listing and the Berlin hard fork. Meanwhile, meme-cryptocurrency Dogecoin blasted off to more than 400% gains, briefly claiming a spot as a top 5 cryptocurrency by market capitalization.  Despite the media hype and market movements of this week, PlanB showed Bitcoin still isn’t […]

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