Monthly Archives: July 2021

Powered by the people: 3 altcoins whose tweet volume spiked before a strong rally

In some cases, unusually high tweet volume can signal that an asset is about to soar, but traders should mind the context. On Crypto Twitter, a surge of attention directed at a coin often comes in response to dramatic price action. Quite naturally, rallying assets attract the attention of traders and take over Twitter conversations, which can also create positive feedback loops that further prop up the momentum. This is exactly what happened with some of the coins that saw a greater increase in average daily tweet […]

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SpaceX owns BTC, daily Dogecoin volume soared to nearly $1B in Q2, Grayscale eyeing DeFi and ETF: Hodler’s Digest, July 18–24

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   SpaceX owns Bitcoin, Elon Musk and Nic Carter believe BTC is becoming greener Elon Musk, Dogecoin (DOGE) proponent and fair-weather friend to Bitcoin (BTC), revealed for the first time on July 21 that his aerospace firm SpaceX owns an undisclosed amount of […]

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Bitmain to Host Miners in 180-Megawatt Data Center in Kazakhstan

Crypto mining hardware manufacturer Bitmain has partnered with Enegix to host Antminer S19 Pro devices in one of the world’s largest data centers. The facility located in Kazakhstan is designed to accommodate more than 50,000 mining rigs. Bitmain to Work With Mining Facility Operator Enegix Leading mining equipment producer Bitmain has announced a partnership with Enegix. As part of the agreement, the ASIC giant will host Antminer S19 Pro miners in a 180MW facility operated by Enegix in Kazakhstan, which is one of the largest in the […]

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In A Flash, Bitcoin Can Become The Default Digital Reserve Currency Of The World

Bitcoin has faced many challenges before, but it seems that the free market repeatedly creates innovative solutions to these. Bitcoin is king — it is still the best performing asset of our lives. It has silenced its harshest critics and only continued to grow in adoption, usability and relevance. The fact that bitcoin has achieved all this in only 12 years is remarkable. However, there is a very real specter that has been haunting the Bitcoin blockchain since its inception: speed. As adoption continues to bring billions […]

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Circle K Deploys Bitcoin ATMs in Stores Across US and Canada — Over 700 Machines Already Installed

A leading convenience and fuel retailer, Circle K, is deploying bitcoin ATMs in its stores across the U.S. and Canada. More than 700 machines operated by Bitcoin Depot have already been installed. “As one of the world’s leading convenience and fuel retailers, Circle K is the first major retail chain to deploy bitcoin ATMs within its stores.” Circle K Stores Install Bitcoin ATMs The world’s largest bitcoin ATM operator, Bitcoin Depot, announced Thursday “an exclusive international partnership with Circle K that spans across both the U.S. and […]

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Bitcoin Transfer Volume Now Exceeds $15.8 Trillion

The “total amount of coins transferred on chain,” metric is equivalent to 70% of the United States Gross Domestic Product. Bitcoin, the world’s most valuable cryptocurrency, recently saw its total transfer volume exceed $15.8 trillion for the first time in less than seven months of this year. This means bitcoin’s total transfer volume currently represents 70% of the United States Gross Domestic Product of approximately $22 trillion. Furthermore, bitcoin transfer volume has already surpassed the world’s largest economy’s entire 2010 and 2011 GDP of $15 trillion and […]

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$10B asset manager registers new Bitcoin fund with SEC

Stone Ridge Asset Management, the parent company of New York Digital Investment Group, or NYDIG, has been actively pursuing new investment vehicles for Bitcoin. On Friday, Stone Ridge’s open-end mutual fund revealed a new Bitcoin-focused investment strategy. Stone Ridge Asset Management, the alternative investment manager behind New York Digital Investment Group, has filed a new prospectus with the United States Securities and Exchange Commission, or SEC, to add Bitcoin (BTC) to its open-end mutual fund.  The prospectus for Stone Ridge Bitcoin Strategy Fund appeared on the SEC […]

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IRS Modifies Crypto Question on Tax Form — Now Focusing on Taxable Cryptocurrency Transactions

The U.S. Internal Revenue Service (IRS) has modified the crypto question asked on the main U.S. tax form. Reducing the scope of the question, the IRS now focuses on taxable cryptocurrency transactions. New Crypto Question on Tax Form 1040 The IRS published a draft Form 1040 for the tax year 2021 Thursday. Form 1040 is the main tax form used for filing individual income tax returns in the U.S. The draft form shows that the tax agency has modified the crypto question slightly. The crypto question now […]

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Bitcoin price hits $34K as trader forecasts fresh weekend resistance showdown

Bitcoin is likely going to tackle $34,500 today or tomorrow, Michaël van de Poppe says, opening up the road to $36,000 or more. Bitcoin (BTC) touched $34,000 on July 24 after the latest resistance flip held to propel the market higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin battles $34,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD just hitting the $34,000 on Bitstamp on Saturday before returning to linger around $200 lower. The past 24 hours were profitable for traders as Bitcoin launched from $32,000 […]

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The future of art? World-famous artists delve into NFTs

With NFTs, the future of art is in the palm of your hand. Here is a look at the topmost famous artists getting into NFTs right now. For millennia, the world of art has remained unchanged for the most part. The tradition has always revolved around artists selling their work to museums, galleries, or individual collectors. In return, the artist would get a market value for their work which was often kept in private vaults and only displayed to the public ever so often. With the advent […]

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