Monthly Archives: June 2021

3 reasons why Ethereum may underperform Bitcoin in the short-term

Ether could take longer than 12 months to regain ground versus Bitcoin due to increased uncertainties surrounding the shift to ETH 2.0 and reservations from institutional investors. Ether (ETH) price outperformed Bitcoin (BTC) by 173% from March 28 to May 15. The incredible bull caused the token to reach a $4,380 all-time high. However, as cryptocurrency markets initiated a sharp drop on May 12, the trend started to reverse, and since then, Ether has underperformed by 25%. Some might say it is a technical adjustment after a […]

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Figuring Out How Much Bitcoin Hashrate Resides in Mainland China Still a Mystery

Over the last few weeks, there have been many reports about crackdowns in China tied to bitcoin mining operations in various provinces. 30-day statistics show the hashrate has been fluctuating wildly, and across the last week it has slid downward roughly 26%. Reports Show Bitcoin Mining Crackdowns in Five Chinese Provinces Despite the slide, the top three mining pools in the world, which represent roughly 41% of the hashrate today, are considered Chinese mining pools. This doesn’t necessarily mean the mining pools actually host physical bitcoin mining […]

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Bitcoin under threat, El Salvador rejected, Mark Cuban stung, McAfee ‘has nothing’: Hodler’s Digest, June 13–19

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   Hawkish Fed comments push Bitcoin price and stocks lower again The crypto markets had started the week with a spring in their step. Last Sunday, Elon Musk revealed that Tesla would be prepared to accept Bitcoin as a payment method again once […]

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The Quickest Way To Achieve Financial Freedom Is With Bitcoin

Upon realization of the idea of liberty, it is immediately thrust into reality, never to be forgotten by those having experienced it. I believe that the Founding Fathers of the United States inscribed the idea that liberty is inherent to life in the Declaration of Independence. While they made an astounding first step in declaring this, there has been, since the uprising of technology, a necessity of this in monetary form. I believe that bitcoin is the codification of monetary liberty. Like the Declaration of Independence, Bitcoin […]

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Data suggests the strong US dollar makes Bitcoin weaker argument is flawed

Analysts and traders are linking Bitcoin’s bearish turn with the growing strength of the U.S. dollar, but data suggests otherwise. At the moment, there seems to be a general assumption that when the U.S. dollar value increases against other global major currencies, as measured by the DXY index, the impact on Bitcoin (BTC) is negative. For the past few weeks, analysts and influencers have been issuing alerts about this inverse correlation, which held true until March 2021. So I guess we’re not all obsessed with $DXY anymore? […]

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More Than Two Dozen Crypto ATMs to Be Installed in Texas-Based H-E-B Grocery Stores

H-E-B shoppers will soon be able to obtain digital assets at more than two dozen locations in Texas. Coin Cloud, a crypto automated teller machine (ATM) provider, says 29 H-E-B stores will feature kiosks that provide access to more than 30 crypto assets including defi tokens and stablecoins. H-E-B Stores in Texas to Host Coin Cloud Digital Currency ATMs 29 H-E-B locations will soon have cryptocurrency ATMs at their disposal. The machines will be provided by Coin Cloud, a digital currency ATM provider based in Las Vegas, […]

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$3.6 Billion Crypto Heist: South African Bank Denies Business Relationship With Fraud Accused Africrypt

According to local media, leading South African financial institution FNB is denying allegations of a banking relationship with the recently collapsed crypto investment company, Africrypt. FNB also insists it did not enable the investment company’s transactions which helped Africrypt’s two directors disappear with billions of dollars in investor funds. Disappearance of Investor Funds The financial institution’s denial comes nearly two months after Africrypt abruptly stopped operating. At that time, the crypto investment firm’s management claimed Africrypt’s trading system had been breached. This breach compromised client accounts, wallets, […]

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Canada’s Hive Blockchain Technologies approved for Nasdaq listing

The Canadian miner with a focus on green energy should be available to trade in the coming weeks. While the SEC continues to slow-roll the listing of a Bitcoin ETF, traders on legacy exchanges eager to get some exposure to crypto will soon have another outlet.  In an announcement on Friday, Canada’s Hive Blockchain Technologies revealed that it has received approval to list shares on the Nasdaq stock exchange. Hive currently trades on the TSX Venture Exchange under the ticker HIVE.V, and focuses on both Bitcoin and […]

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Indian Rapper Raftaar to Be Paid in Cryptocurrency for Upcoming Performance in Canada

Indian rapper Raftaar is reportedly accepting cryptocurrency for his upcoming performance in Canada. “Nevertheless, I’ve finally taken the baby steps in this direction and all the credit goes to my manager, Ankit Khanna for making this dream a reality for me,” Raftaar said. Raftaar, an Indian rapper, lyricist, dancer, TV personality and music composer, made headlines this weekend for being the “first Indian artist to accept performance fee in cryptocurrency.” Raftaar’s real name is Dilin Nair. The performance for which Raftaar will be paid in cryptocurrency is […]

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A RUNE with a view: How smart crypto traders caught a 48% price pump

THORChain and Kyber provide the perfect examples of how quant analysis and breaking news can help cryptocurrency investors to capitalize on volatile markets. Disparities in information access and data analytics tech are what give institutional players an edge over regular retail investors in the digital asset space. The core idea behind Markets Pro, Cointelegraph’s crypto intelligence platform powered by data analytics firm The TIE, is to equalize the information asymmetries that permeate cryptocurrency markets. Markets Pro bridges the gap with two world-class functionalities: the quant-style VORTECS™ score, […]

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