Harvard, Yale, Brown Endowments Have Been Buying Bitcoin for at Least a Year: Sources

Some of the largest university endowment funds in the U.S. have been quietly buying cryptocurrency for the past year or so through accounts held at Coinbase and other exchanges, CoinDesk has learned. According to two sources familiar with the situation, Harvard, Yale, Brown and the University of Michigan as well as several other colleges have been buying crypto directly on exchanges. (Several Ivy League endowments took an interest in blockchain technology via crypto-focused venture capital funds back in 2018.) “There are quite a few,” said a source who asked to…

Ethereum Likely to Tag $2,000 in Near-Term as Rally Turns Parabolic

Ethereum saw a meteoric rally yesterday that allowed it to post some massive gains, with bulls taking full control as they sent it to fresh all-time highs The crypto is still struggling to gain enough support to hold above its previous all-time highs of $1,450, with the selling pressure above this level being significant It is now seeing some consolidation just below this level as Bitcoin begins soaring higher There’s a strong possibility that Bitcoin’s strength will eventually create further tailwinds for ETH One analyst is noting that a daily…

Substack Newsletters Are Being Used to Spread Crypto Scams

When it comes to the “next big thing” for independent platforms, the newsletter platform Substack has been at the forefront of the charge. The company has lured big-name independent writers such as Casey Newton and Glenn Greenwald to the platform to start their own newsletters.  Substack is now also being leveraged for its ease of use and reach by scammers to impersonate various cryptocurrency projects, encouraging those it reaches to “upgrade their smart contracts” and send funds to a proxy contract ID.  The language across multiple newsletter emails was similar,…

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$45B DeFi market cap and soaring TVL suggest the best is yet to come

The decentralized finance sector continues to charge full steam ahead as multiple tokens notch new all-time highs and the total value locked in DeFi protocols grows with the passing of each week. Data from Messari shows projects like AAVE, Uniswap (UNI), SushiSwap (SUSHI) and Synthetix (SNX) have all rallied by double-digits, creating a positive feedback loop as more users engage with the protocols to yield farm and capitalize on flash loans. DeFi asset performance. Source: Messari As the price of Bitcoin (BTC) and Ether (ETH) has reached new highs in recent months,…

21 Bitcoin Block Rewards from 2010 Wake Up, $236M Worth of ‘Satoshi Era’ BTC Spent in 10 Months – Bitcoin News

On Monday, January 25, 2021, at roughly 2 a.m. (EST), the notorious old school miner from 2010 has spent another consecutive 21 decade-old block rewards with 1,050 bitcoin. This is possibly the same mining entity our newsdesk has been tracking for months. The bitcoin from 2010 moved today follows the exact same pattern as all the block reward strings our team has caught waking up during the last ten months. For quite some time now, news.Bitcoin.com has been monitoring so-called ‘sleeping bitcoins’ that are starting to wake up after ten…

Ethereum Beats Bitcoin Performance Two Years Straight, What’s Next?

Ethereum only just broke its former all-time high, while Bitcoin left took that record back in 2020. However, an investment in the top-ranked altcoin at any point since the 2018 bottom, has resulted in a much higher higher ROI than an equal part USD investment in BTC. Why does this incredible over-performance exist? And will it continue into the future, or is it time for a reversal in the trend? Bitcoin Rising Tide Lifts Greater Crypto Market Once Again The quote “a rising tide lifts all boats” applies well to…

The Bitcoin Whales Won’t Stop Buying

According to a number of different data points, bitcoin whales saw last week’s volatility and price declines as a chance to accumulate. This episode is sponsored by Nexo.io. Today’s grab-bag episode looks at five different topics: Bitcoin whales kept accumulating during last week’s dip Jim Cramer advises Powerball winner to put 5% in bitcoin Previewing the first FOMC meeting of the Biden Administration Earnings week on Wall Street looks good for Big Tech An insider’s look at the state of crypto venture capital Image credit: munandme/Getty Images Plus Original

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Large Bitcoin Options Positions May Boost Price Volatility This Week

Bitcoin’s options market continues to grow along with an institutional-led bull run in the leading cryptocurrency. Yet, while many use options to hedge their positions, the large amounts of bitcoin options slated to expire in a few days may themselves lead to wild price swings as January draws to a close.  At press time, there are 120,300 contracts worth $4 billion set to expire this Friday on major exchanges Deribit, CME, Bakkt, OKEx, LedgerX, according to data source Skew. Much of that amount can be found on Deribit, the world’s…