Day: January 12, 2021

Bitcoin Just Recovered to $35,000 After Yesterday’s 25% Crash

boss

Bitcoin is ripping higher despite yesterday’s correction. The cryptocurrency plunged as low as $30,000 yesterday as buying selling rapidly picked up on platforms such as Coinbase, analysts said. This came after Bitcoin peaked at $42,000 late last week. While Bitcoin is not yet in the clear on a short-term time frame, analysts are starting to think that the bottom is in after key technical signs appear. Related Reading: Wall Street Veteran Kickstarts Own Bitcoin Fund With $25m Investment On-Chain Trends Still Bullish for Bitcoin Aleks Larsen, a venture investor at…

IMVU’s new blockchain-backed stablecoin goes live

boss

IMVU’s new fiat-convertible VCOIN goes live on the social network.  Per a Jan. 12 company announcement shared with Cointelegraph, VCOIN is available for users of IMVU, starting today. IMVU already hosts over 27 million transactions a month using its non-blockchain-backed credits. VCOIN aims to give users involved in those transactions the opportunity to convert their earnings into value that they can use off the platform, both in peer-to-peer transactions and in conversion to fiat, integrating the game’s virtual economy into the rest of the economy more tangibly. Regarding the hoped-for…

Grayscale reopens crypto trusts for investment as Bitcoin price climbs

boss

Digital asset investment manager Grayscale has resumed accepting new investments into almost all of its cryptocurrency trusts. The investment manager had paused new inflows into six of its trusts in late December 2020, just as the six-month lock-up period for selling recently-purchased shares in its Bitcoin Trust, which trades under the ticker GBTC, was winding up. As of the time of writing, products such as the Grayscale Bitcoin Trust and the Grayscale Digital Large Cap Fund Trust are all available for new investors, although the Grayscale Ethereum Trust remains unavailable.…

Bakkt Plans to Go Public on NYSE at $2.1B Valuation, Announces Merger with VPC

boss

In a SPAC merger with Victory Park Capital, Bakkt plans to go public on the New York Stock Exchange (NYSE) at an estimated valuation of $2.1 billion. Bakkt parent ICE has pledged a $50 million initial investment. Crypto firm Bakkt, the subsidiary of Intercontinental Exchange, announced its merger with VPC Impact Acquisition Holdings as part of a business combination deal. The official announcement came on Monday, January 8 on the backdrop of the plans of Bakkt to go public on the New York Stock Exchange (NYSE). The combined company will…

Crypto Mining Firms Saw Drop in Shares Following Bitcoin Price Correction

boss

While the proliferation of crypto mining firms is gradually taking the center stage, the duo of Riot Blockchain and Marathon Patent Group currently dominates the sphere and are backed up by investors’ money. The price correction recorded by Bitcoin (BTC) at the close of trading yesterday has stirred a corresponding dip in the shares of crypto mining firms, particularly those trading on Wall Street. At the close of trading on Monday, the shares of Riot Blockchain Inc (NASDAQ: RIOT) plunged by 14.86% to US$22.64 per share while the shares of…

Ford to Close Three Plants in Brazil amid Restructuring in South America, F Stock Up 3%

boss

With a market capitalization of nearly $36 billion, Ford is up 0.11% over the past year. The company has jumped 5.80% in its year-to-date record. Ford Motor Company (NYSE: F) is ending vehicle manufacturing in Brazil as the company undergoes restructuring to reduce costs while increasing efficiency. The American multinational automaker announced the latest development on the 11th of January. F stock was up 3.33% up yesterday. And at press time, the company’s stock is up 0.11% to $9.31 in pre-market. According to the announcement, ending vehicle production in Brazil…

Bitcoin Whales Kept Accumulating During Monday’s Crash

boss

Large bitcoin (BTC) investors, popularly known as whales, look to have bought Monday’s price dip, indicating confidence in the ongoing bull market. The number of bitcoin “whale entities” – clusters of crypto wallet addresses held by a single network participant holding at least 1,000 BTC – rose slightly to a new record high of 2,140 on Monday. The increase came even as the cryptocurrency’s price collapsed by more than 20% to hit a low of $30,305. The violent sell-off was fueled by heavy selling in the spot market and was accompanied by…

Bitcoin Price Crash Likely Due to Liquidation of Over-leveraged Longs, Says Kain Warwick

boss

With Bitcoin (BTC) price dipping over 28 percent, several crypto stakeholders are trying to explain the reason for the decline. For Synthetix founder Kain Warwick, the reason is most likely tied to optimistic bets in the BTC futures market being caught unawares by periodic profit-taking. New Money Flowing into Bitcoin is Highly Leveraged Tweeting on Monday (Jan. 11, 2021), the Synthetic founder in a tweet thread commented on Bitcoin’s recent price decline. In Warwick’s opinion, such price corrections were a result of “overleveraged longs”. According to the self-styled “former semi-benevolent…

HUGE CRYPTOCURRENCY ALTSEASON TO END 2020 | THIS HAPPENS EVERY YEAR

boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ✅Accredited Crypto Education: ✅The Best Trading Indicator: ✅Bybit: CRYPTO MOBSTER SOCIAL MEDIA ✅ 👉 (RECOMMENDED) Join my Telegram: 👉 Instagram: 👉 Facebook: 👉 Twitter: 👉 TIKTOK: DISCLAIMER!: I am not a financial advisor and do your own research before investing! #crypto #bitcoin #cryptocurrency ₿ LEARNING CRYPTOCURRENCY ₿ 👉 FREE Facebook Group: 👉 Follow Me On Trading View: 👉 Buy A Nano Ledger: 👉 Improve Your Life: Audible: CRYPTO MOBSTER RECOMMENDATIONS ✅ ✅The Hitman: Help You In The Markets! ✅Binance: 👉CoinPASS: 👉Crypto.com: (cryptomobster)…