Monthly Archives: October 2021

These 3 indicators flashed bullish ahead of the recent Bitcoin price pump

Correlation does not imply causation, but these 3 indicators did signal prior to Bitcoin’s recent push to $49,000. In stock markets and the crypto sector, traders are always looking for a definite reason to explain an asset’s price action, which means it’s important to stress that correlation doesn’t imply causation.  While it may be easy to connect a regulatory statement or pending legislation to the outcome of an asset’s price, there’s not always hard proof that these were the exact drivers. Some indicators described below may have […]

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Grayscale Adds Solana and Uniswap to Crypto Investment Fund

Grayscale Investments has added solana and uniswap to its large-cap investment fund. This is the first time solana has been added to a Grayscale fund. The company now offers 15 funds, two of which are diversified portfolios. Solana and Uniswap Added to Grayscale Fund Grayscale Investments, the world’s largest digital currency asset manager, announced Friday the quarterly rebalancing of its two diversified portfolios: the large-cap fund and the defi (decentralized finance) fund. For the Grayscale Digital Large Cap Fund (OTCQX: GDLC), the company sold some of the […]

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The FCA Influencer Program And Bitcoin

Telling people to avoid “high-risk” investments could be a guise for encouraging people to stay within legacy finance. Here come the influencers. The Financial Conduct Authority (FCA) in the U.K. has announced an 11 million British pound (GBP) campaign enlisting celebrities and influencers to warn the general public of the dangers of high-risk investments. The FCA is a financial regulatory authority in the U.K. that was established in 2013. It operates independently of the U.K. government. This is an interesting dynamic to consider given the context of […]

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Discussing The Latest Lightning Network Developments

Leaders in the Lightning Network discuss Chivo wallet, miner extractable value, replace-by-fee and more. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast With the rollout of bitcoin as legal tender in El Salvador, there have been some privacy concerns regarding Chivo, the government-sponsored wallet through which all citizens were issued $30 in bitcoin. If Salvadorans prefer that their government not monitor their transactions, it’s critical that they opt to use other Lightning Network wallets, such as Muun or Breeze instead. “If […]

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GNO City Play-to-Earn Game Created the Biggest and Most Diverse WAX Blockchain Game

GNO City features an already playable trading card game on the WAX blockchain. In GNO City you can collect NFTs, win experience points, level up and earn tokens by just playing the game and having fun. Players can explore the story mode or go head to head in matches against other players. Welcome to GNO City GNO City is developing an open world metaverse where players can own land and roam the city to capture characters. The project already features a playable trading card game developed on […]

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Bitcoin price dips are being ‘bought up strongly’, but a $50K close remains key

Analysts identify the key levels BTC needs to hold in order to see continuation above $50,000. Bulls flexed their muscles on Oct. 4 and proof of this came as Bitcoin’s (BTC) price rallied within $500 of the $50,000 mark. This move toward the key psychological resistance helped to pull the Crypto Fear & Greed Index out of the fear zone and into the ‘Neutral’ state on Monday.  Crypto Fear & Greed Index. Source: Alternative The price action for the top crypto has seen increased volatility in recent […]

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Compound Facing More Problems: More Than $140 Million in Tokens up for Grabs

Compound, one of the main cryptocurrency lending protocols on Ethereum, is facing serious problems again. According to banteg, a Yearn developer, someone called a function that moved more funds to be available for users to claim. Now, users can claim up to $140 million of the protocol’s native currency, comp. Compound is hoping users won’t claim these tokens and is rallying to patch the bug that caused this problem in the first place. Compound Remains Vulnerable to Exploit Compound, a decentralized finance protocol, aggravated its current situation […]

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JPMorgan CEO Jamie Dimon Says Bitcoin Is Fool’s Gold, Here’s Why He’s Wrong

Dimon’s recent remarks demonstrated a high degree of economic privilege and complete oblivion to Bitcoin. JPMorgan CEO Jamie Dimon reiterated past skepticism of bitcoin in a recent interview with Axios. When asked if Bitcoin was the fool’s gold of the future, Dimon responded it has no underlying value. Dimon fails to see Bitcoin’s true value because of his financial privileges, which blind him to the realities of billions that live outside of his utopia bubble. He doesn’t have to worry about his savings being cut in half […]

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Price analysis 10/4: BTC, ETH, BNB, ADA, SOL, XRP, DOT, DOGE, LUNA, UNI

Bitcoin bulls have set their sights on $50,000 and this renewed push is also boosting large and small-cap altcoin prices. Bitcoin (BTC) is facing rejection near $50,000, indicating that bears are not ready to give up without a fight. Many analysts expect Bitcoin to soar in the last quarter of the year and stock-to-flow model creator PlanB says the “worst-case scenario” for Bitcoin in October is $63,000 and $98,000 by November. PlanB is not alone in his bullish projection. Using Bitcoin’s relative strength index (RSI) indicator during the four-year […]

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Bitcoin Surpasses Facebook In Market Capitalization

As Facebook goes down, Bitcoin is still up and surpasses the social media network in market capitalization. Today, Bitcoin achieves another big milestone by surpassing Facebook in market capitalization at over $929,014,620,160 at the time of writing, according to Asset Dash. Image Source Even though Bitcoin has had some setbacks in price earlier this year, BTC continues to rise rampantly. In the past year, Bitcoin is up over 360%, compared to Facebook which is only up 22%. Facebook is just the next giant slain in Bitcoin’s path […]

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