Monthly Archives: August 2021

Bitcoin Is The Sustainable Money Europe Deserves

Only bitcoin offers a truly sustainable path forward for the continent which prizes this attribute. Recently we have been tragically exposed to a thought process of one Eero Heinäluoma, a Socialist member of the European Parliament. While it doesn’t seem like there’s actually any proposal to ban bitcoin mining at this moment, it’s safe to assume that such a proposal is just a matter of time. The War On Reality The brilliant idea of Mr. Heinäluoma is to “stop the use of the underlying technology” of Bitcoin, […]

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The “Yield And Volatility” Ratio And Creating Major Bitcoin Price Upside

Through the “yield and volatility ratio,” traders can find major bitcoin price upside and ways to manage downside risk. A major thing that anyone who follows Bitcoin notices is how market sentiment can shift seemingly in moments. We’re one Elon Musk tweet away from a bear market, one Tesla earnings report away from a huge bull market. It is about as emotional of a market as you will ever find. The question is: What are metrics that we can use to quantify where we are on this […]

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Powers On… Broker disintermediation and unregulated crypto exchanges cause major concerns

As interest in and use of blockchain accelerates this year, so do regulators’ fears, making them pay more attention to crypto exchanges. Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an adjunct professor at Florida International University College of Law, where he teaches the course “Blockchain, Crypto and Regulatory Considerations.” More and more, governments are fearing that they will lose […]

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Derivatives data shows Ethereum traders positioned to extend the ETH rally

Derivatives data and strong fundamentals back retail and professional traders’ bullish stance on ETH price. Ether (ETH) price rallied 32% leading up to August 23, and despite testing the $3,000 support multiple times, the level has held firmly. Meanwhile, Bitcoin (BTC) could not sustain the $50,000 mark, at least in the short-term. According to Cointelegraph, pro traders are not yet inclined to add bullish positions according to derivatives metrics. Surprisingly, the opposite situation emerges when looking at the sentiment of Ether traders who currently show a reasonable […]

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Dogecoin going to help real dogs — Chicago animal shelter now accepts crypto

“We are eager to connect with the growing cryptocurrency community, who can help sustain the future of animal welfare in Chicago and save animals’ lives,” said PAWS Chicago CEO Susanna Homan. PAWS Chicago, an animal rescue organization in the midwest city aiming to have shelters stop using euthanasia for its resident cats and dogs, is now accepting crypto donations. In a Tuesday announcement, PAWS Chicago said it would be accepting Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE), and other tokens to support its operations ahead of its new […]

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Here’s why Bitcoin bulls might trample $50K ahead of Friday’s $2B BTC options expiry

Bitcoin has lost the $50,000 level but derivatives data lays out a few good reasons why bulls might march on the resistance level ahead of Friday’s $2 billion BTC options expiry. $2 billion worth of Bitcoin (BTC) options will expire on Friday, Aug. 27. Some analysts argue that a strong call (buy) option buying activity on Aug. 22 was likely the catalyst for the recent $50,000 price test. Digital asset trading firm QCP Capital mentioned in its market update that an entity has been “consistently pushing (option) […]

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Africa Now Has The Largest Volume Of Bitcoin Peer-To-Peer Trading Worldwide

The continent recently surpassed North America in bitcoin P2P trading volume, having transacted $18,073,777 worth of BTC in the last seven days. Africa has become the continent with the largest volume of bitcoin peer-to-peer trading in the world, according to data from analytics platform UsefulTulips. In the past seven days, the continent’s $18,073,777 negotiated in LocalBitcoins and Paxful surpassed North America, the previous leader, that traded $17,540,134 worth of bitcoin in peer-to-peer platforms. Although the data is harvested in absolute numbers, not weighting it for each region’s […]

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Banking Giant Citigroup Filed To Trade Bitcoin Futures

U.S. banking giant Citigroup is awaiting approval to begin trading Chicago Mercantile Exchange Bitcoin futures. The U.S. banking giant Citigroup is currently awaiting approval to begin trading Chicago Mercantile Exchange Bitcoin futures, CoinDesk reported earlier today. An anonymous source within the bank told CoinDesk that Citigroup is currently dealing with a recent uptick in demand for Bitcoin exposure among their clients. If approved, Citi would join the ranks of Goldman Sachs, and become the second major bank to offer Bitcoin futures trading. A second anonymous source told […]

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Is Solar Power A Good Fit For Bitcoin Mining?

As Bitcoin transforms the incentives around energy use, will solar power become the future of mining? There are two energy revolutions currently underway that complement one another: the revolution in human energy use, as greener or more sustainable options become a priority in the light of climate change, and the Bitcoin revolution that is driving a whole new frontier in how energy is used to create value. Solar power in particular seems like the cutting edge for renewable Bitcoin mining. Bitcoin industry stalwarts Blockstream and Square are […]

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Number of Cardano millionaires rises by 173% after ADA price hits new highs

The total number of Cardano wallets with a balance of at least $1 million has surged from 3,625 on July 20 to 9,830 on Aug. 24. Cardano (ADA) addresses with a balance greater than $1 million have surged 173% during the latest ADA price rally. Specifically, the ADA/USD exchange rate surged almost 200% after bottoming out at $1.007 on July 20. The pair reached its record high of $3.02 in the previous session, a move that was followed by a 6.42% price correction to $2.73 at the time of […]

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