Monthly Archives: November 2021

Ascending channel pattern and Ethereum options data back traders’ $5K ETH target

ETH price dropped to $4,400 during the Nov. 11 correction, but data shows traders expect the altcoin to surpass $5,000 soon. Ether (ETH) bulls seem excited by the recent $4,870 all-time high that was hit on Nov. 10. While it was a new high in U.S. dollar terms, ETH is still 51% below June 2017’s price in Bitcoin (BTC) terms. But it’s entirely possible that the 0.155 BTC level reached in the previous cycle reflected the overzealous expectations that were rampant during the initial coin offering frenzy.  […]

More info

DCG Mining Subsidiary Foundry Launches Range of Services for 20 Crypto Staking Networks

Foundry, the Digital Currency Group (DCG) subsidiary and cryptocurrency mining and consulting firm from Rochester, New York announced the launch of a new platform on Wednesday called Foundry Staking. The company says the product currently supports 20 blockchain networks and will provide digital asset staking and advisory services going forward. Foundry Launches Staking Services The New York-based Foundry has been making a number of moves in 2021 and partnering with a variety of crypto mining operations. Companies like Hut8, Bitfarms, Greenidge, and many others have joined forces […]

More info

An Unrealized Capital Gains Tax Would Wallop Big Stock And Bitcoin Investors

If an unrealized capital gains tax is enacted, it could have major ramifications for the economy and create a dangerous precedent. Bitcoin HODLers live by the words of the 1987 Rick Astley hit song, “Never Gonna Give You Up.” Many have held their stack for years, through steep price declines, only to see the price ratchet up to new highs every year. In contrast to short-term trading, it’s a buy-and-hold investment strategy that seems to be working. Janet Yellen doesn’t care. Treasury Secretary Janet Yellen announced on […]

More info

Russian Deputy Proposes Bill To Legalize Bitcoin Mining, Forms Working Group

Russia wants to provide regulatory clarity for the industry and gather a cut from the miner’s profits by operating there. Russia wants a cut of bitcoin miners’ profits as the country’s hashrate grows. Lawmakers have proposed on November 11 to legalize the industry and created a working group to discuss the issue. Although mining isn’t illegal there, regulatory clarity still lacks and prevents government agencies from capitalizing. The State Duma, one of the chambers of the Russian parliament and legislative authority, has proposed to legalize bitcoin mining […]

More info

Former Binance execs say exchange is worth $300B: Report

Though the exchange’s holding company is registered in the Cayman Islands, Binance currently has no formal headquarters anywhere in the world. Even with no physical headquarters and seemingly few regulations affecting its business practices, Binance could reportedly be worth three times as much as Coinbase if it were to go public today. According to a Thursday report from the Wall Street Journal, former executives of the major cryptocurrency exchange estimated that Binance could be worth up to $300 billion as a publicly traded company, considering its current trading […]

More info

Rarible Marketplace Users Can Now Create, List, and Trade Flow-Based NFT Collectibles

On November 10, the non-fungible token (NFT) marketplace Rarible.com and the Rarible protocol announced an integration with the Flow blockchain. The announcement details that Rarible users can now create, list, and trade Flow-based NFTs on the marketplace. Rarible Partners With Flow Blockchain The NFT market Rarible.com and the Rarible protocol have revealed the support of the Dapper Labs crafted blockchain network Flow. Rarible’s announcement explains that Flow-based NFT users will see “extremely low gas fees and a swift user experience.” For instance, data shows on Thursday, November […]

More info

Stablecoin payment app Reserve helps individuals protect their savings against inflation in Latin America

“Our long-term vision is to create a currency that is stronger than any fiat currency that exists now,” said Reserve community manager Yens Michiels. One under the radar cryptocurrency-powered payment app that’s been gaining traction across Latin America is Reserve. The platform acts as a convenient way for people to convert their local currencies, which may be undergoing high inflation levels, to the United States Dollar via the Reserve stablecoin (RSV). The network also features the Reserve Rights token (RSR), which is used for protocol governance. Since […]

More info

‘Invisible Aether’: World’s largest museum launches NFT art exhibition

After raising $440,000 selling NFTs on Binance, the Hermitage is now curious if NFTs are about the art, or rather just the money. The Russian State Hermitage Museum continues diving in the nonfungible tokens (NFTs) industry by debuting its first fully-virtual exhibition of digital art. Shortly after raising over $400,000 via its first NFT auction on Binance in September, the Hermitage is now hosting a free exhibition of NFT artworks existing exclusively in the virtual space, the so-called “celestial hermitage,” or the museum’s digital avatar. Launched on […]

More info

Miami To Give Bitcoin To Its Citizens, Allow Usage For Payments

The city’s mayor Francis Suarez shared his plans to create a Bitcoin ecosystem in Miami but using some wrong tools. The city of Miami will soon start giving bitcoin to its citizens, its mayor Francis Suarez announced on a CoinDesk TV interview Thursday morning. When asked if he envisioned bitcoin being used as cash, including as a tax payment method, Suarez confidently confirmed such intentions. “I do see very quickly a world where the Satoshi system is what is used to make payments; we need to make […]

More info

FTX US sees daily volume, users surge in Q3

Q3 was a volatile period for digital assets as Bitcoin wicked below $30,000 and the total crypto market capitalization shed half its value. United States crypto exchange FTX US registered a large uptick in trading volumes and investor activity during the third quarter, underscoring heightened retail appetite for digital assets amid the volat bull market.  FTX US saw average daily volume grow 512% for the quarter ending in September, with peak volumes hitting $807 million on Sept. 7, owner West Realm Shire Services said Thursday. The exchange’s […]

More info
1 2 3 4 6