Monthly Archives: August 2021

Bitcoin Cools Off Before Face-Melting Run

Last week’s sideways action isn’t bearish considering bitcoin surged 60% in the month leading up to it. Last Week In Bitcoin is a series discussing the events of the previous week that occurred in the Bitcoin industry, covering all the important news and analysis. Summary Of The Week The week started off great with bitcoin breaching $50,000 on Monday, but it seemed to stagnate as the days went on. While many complained, bitcoin was already up 60% over the preceding month and a short cool-off period is […]

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Here’s how Bitcoin options traders might prepare for a BTC ETF approval

Bloomberg analysts expect a BTC ETF approval in the next few months, and clever options traders might use this strategy to profit from the possibility. Very few events can shake the cryptocurrency markets in a sustainable manner that really sends Bitcoin and altcoin prices into a sharp directional move. One example is when Xi Jinping, China’s President, called for the development of blockchain technology throughout the country in October 2019.  The unexpected news caused a 42% pump in Bitcoin (BTC), but the movement completely faded away as […]

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Bitcoin Mining In Canada Is Thriving Despite Stringent Regulations

Though regulations in some Canadian regions make bitcoin mining difficult, the country overall is poised to become a top-three mining hub. There’s been plenty of jibber-jabber about how much the United States stands to benefit from the great hash rate migration from China, but what about the U.S.’s continental cousin, Canada? A few months ago, a news report surfaced that said Bitfarms, one of Canada’s largest bitcoin miners, was quitting Quebec on account of rising energy prices and stringent regulations. In fact this isn’t true; Bitfarms is […]

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Fantom price gains 100% after launching a 370M FTM incentive program

FTM gained 500% in the past 6 weeks and a newly launched $320 million incentive program could see the rally extend further. The Ethereum (ETH) network continues to enjoy the status of being the top smart contract platform in the blockchain industry, but the competition is slowly gaining market share because high costs and network congestion are still challenges for the protocol.  One project that has been gaining traction in the month of August is Fantom (FTM), a layer-one smart contract platform that utilizes a directed acyclic […]

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Blockchain.com CFO Says Company Could IPO in ’18-Months,’ Firm’s Balance Sheet Holds BTC, ETH

This week Blockchain.com CFO Macrina Kgil discussed how the company has surpassed $1 trillion in cryptocurrency transactions and the company may go public with an initial public offering (IPO) in 2023. The cryptocurrency firm is one of the oldest in the industry and Kgil explained that 76 million Blockchain.com wallets have been created since the company’s inception. $1 Trillion in Crypto Transactions Processed, 76 Million Wallets Created In March 2021, Bitcoin.com News reported on Blockchain.com raising $300 million and receiving a post-money valuation of around $5.2 billion. […]

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Kava Swap Lists on AscendEX

PRESS RELEASE. AscendEX, a global digital asset trading platform with a comprehensive product suite, is thrilled to announce the listing of the Kava Swap token (SWP) under the pair USDT/SWP on Aug 31 at 1 p.m. UTC. In celebration of the SWP listing, AscendEX will work with the team at Kava Swap to launch two limited-time promotional events, taking place from Aug. 31, 1:00 a.m. UTC to Sept. 7, 12:00 a.m. UTC. By completing tasks and executing trades, users will be given the chance to share pooled […]

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New Blockchain Lab aims to modernize the mortgage industry

Business consulting firm Zventus announce a blockchain lab designed to revolutionize the mortgage sector. Global business provider Zventus announced a new blockchain initiative on Monday titled ‘Mortgage Blockchain Lab’. The proposal i meant to collate the resources of several mortgage experts, technology firms and academic institutions to collaborate on blockchain research and development focused on the mortgage sector.  The California-based firm, whose product and service offering spans a broad business spectrum including business consultancy, human resource strategy and tech support, will work with the lab’s partners in […]

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Price analysis 8/30: BTC, ETH, ADA, BNB, XRP, DOGE, SOL, DOT, UNI, LUNA

Bitcoin and select major altcoins are still facing selling at overhead resistance levels, indicating that the next leg of the uptrend may have to wait. There is an old proverb which says that history does not always repeat, but it tends to rhyme. If that holds true for Bitcoin (BTC), then a strong up-move may not happen in the month of September.  Bybit data shows that since 2013, Bitcoin has closed September in the red for six years and has managed a positive monthly close only on […]

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The Largest Art Museum in the World Partners With Binance to Auction Leonardo Da Vinci, Claude Monet NFTs

The Binance NFT Marketplace announced today that the non-fungible token (NFT) platform will launch a premium NFT collection backed by the State Hermitage Museum in Saint Petersburg, Russia. The NFT auction will begin on August 31 and run until September 7, 2021. The NFT auction will feature NFT artwork by the world-renowned artists’ Vincent Van Gogh, Claude Monet, and Leonardo da Vinci. State Hermitage Museum and Binance Collaborate to Sell World-Renowned Art in NFT Form It seems that 2021 is the year of non-fungible token (NFT) collections, […]

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US Global Investors bought crypto exposure through Grayscale funds

The investment firm already has significant exposure to gold, minerals, precious metals, petroleum, and other natural resources. Texas-based investment manager U.S. Global Investors, which reported $4.6 billion in assets under management as of Q1 2021, has bought exposure to Bitcoin. According to Aug. 30 filings from the U.S. Securities and Exchange Commission, U.S. Global Investors added more than $566,389 worth of shares of Grayscale Bitcoin (BTC) Trust, or GBTC, to three of its eight mutual funds as of June 30. The filings show the company invested $302,899 […]

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