Month: January 2021

Bitcoin Addresses Holding 1k+ BTC Increases by 6% in 28 Days

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Quick take: The number of Bitcoin addresses holding 1k+ BTC has reached a new all-time high of 2,450 This is an increment of 140 Bitcoin addresses in 28 days or a 6% increment Accumulation of Bitcoin is ongoing and could hint of an expected price increment Bitcoin is still defending the $30k – $32k price area as support The number of Bitcoin addresses holding 1,000 BTC or more has hit a new all-time high of 2,450. This is according to an analysis done by the team at Bloqport who also…

SBI Holdings and SMFG to launch digital securities exchange in 2022

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Japanese finance giaSBI Holdings is building a digital stock exchange in collaboration with Sumitomo Mitsui Financial Group, or SMFG. According to a Jan. 28 Nikkei report, the new digital securities exchange is expected to be the first Japanese exchange trading digital stocks using blockchain technology. The companies are reportedly planning to roll out the exchange in Osaka in the spring of 2020, while the platform is expected to start handling digital securities in 2023. In order to launch the exchange, SBI and SMFG will set up an operator, the Osaka…

Grayscale prepares for DeFi future with new cryptocurrency trust filings

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The largest Bitcoin (BTC) and cryptocurrency asset manager in the world, Grayscale, could be set to move into the decentralized finance space after filings for several new trusts were filed in the Delaware corporate registry. New trust filings for Aave (AAVE), Polkadot (DOT) and Cosmos (ATOM) were filed on Jan. 27. On the same day, Grayscale also registered trusts for Cardano (ADA), as well as privacy coin, Monero (XMR). Grayscale has since stated that the filings are not indicative of a definite product launch for the five coins mentioned, merely…

RSK users won’t have to pay transaction fees with new integration

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Bitcoin’s smart-contract-enabled sidechain RSK is introducing the concept of meta-transactions, which allow third parties to pay for a user’s transaction fees. Announced on Thursday, the “RIF Enveloping” solution enables wallet providers to pay for their users’ transactions. Paying transaction fees is currently a major bottleneck in the adoption of smart contract platforms. Users wishing to trade tokens must always have some units of the blockchain’s native currency — for example, Ether (ETH) for Ethereum and Smart Bitcoin (RBTC) for RSK. RIF Enveloping introduces meta-transactions to enable greater flexibility for decentralized…

Calls for Bitcoin Breakdown Grows amid Global De-Risking Sentiment

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A breakdown below the Descending Triangle support can technically send Bitcoin towards $20,000. Source: BTCUSD on TradingView.com A breakdown below the Descending Triangle support can technically send Bitcoin towards $20,000. Source: BTCUSD on TradingView.com Short-term fundamentals favored bears. Bitcoin’s rebound from $30,000 came when the US stock market logged its worst one-day performance since October. The benchmark S&P 500 and the tech-savvy Nasdaq Composite each fell 2.6 percent on Tuesday. Meanwhile, their futures on Wednesday signaled additional losses when the New York session opens. Gold was equally bearish in the…

🔥 XRP (Ripple) Price Prediction (WATCH!)

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Here is our latest XRP (Ripple) price prediction. Watch now. Join this channel to get access to perks: It’s time to stop the confusion. Join Us!!! Join This Elite Group – Sign Up Here: Follow us on Twitter @HueFin_News Follow us on Instagram – huefinnews Follow us on Facebook – HueFin News Inquiries: contact us at huefinnews@gmail.com Here at HueFin News we will show you that you do not need to buy expensive charting software or use indicators to understand where the…

Faraday Future to Go Public via $3.4P SPAC Deal with Property Solutions Acquisition

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Faraday Future first unveiled its FF 91 130 kWh crossover vehicle at the beginning of 2017, during the US Consumer Electronics Show. American start-up electric vehicle company Faraday Future Inc is set to go public through a merger with blank-check firm Property Solutions Acquisition (NASDAQ: PSAC) in a deal estimated to be worth $3.4 billion. According to news outlet Reuters, the company confirmed on Friday its entrance into the public market. Consequently, PSAC stock surged over 34% during Thursday’s premarket to trade around $17.46. The company was founded last year,…

Mark Cuban Shares His View on Bitcoin and Other Crypto Assets

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Mark Cuban believes that Bitcoin, Ethereum and some altcoins would be able to pull through just like big internet companies of today. Everybody recognizes Mark Cuban as an American billionaire and owner of Dallas Mavericks, he is also a widely recognized face for being a “shark” on the popular Shark Tank reality TV show. What many may not know is that he occasionally shares his thoughts on the crypto industry and its assets like Bitcoin, Ethereum, DeFi projects and even non-fungible token (NFTs). This is what he did in a…

Reddit Partners Ethereum Foundation to Create Scaling Tools

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The latest partnership with the Ethereum Foundation adds up to the already long list of Ethereum-focused projects between the two firms. Reddit has announced a partnership with Ethereum Foundation in what it calls its first-ever blockchain partnership. The partnership according to Reddit seeks to strengthen its ties with the Ethereum Foundation as well as bring value and independence of blockchain to its users.  An announcement from the admin of Reddit u/jarins, stated that the partnership increases its commitment to the technology, and echoes its long-held “decentralized ethos. “In this new…

Bitcoin Miners are BREAKING OUT! Marathon Patent Group, Riot Blockchain & Hive Blockchain Analysis

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Hope you were able to gain some value from this! 🧠📈 If you want to talk feel free to drop a comment! 💬 Also, you can support the channel by liking the video and checking out the links below.👇🏼 Appreciate you. 🙏🏼 💸📊 My Complete Portfolio + Daily Newsletter. This is a complete list of my options, stocks, and cryptocurrency positions. I update it every trading day during market hours, and send out an email newsletter explaining my thoughts. – 🌊 WAVE$…