Day: February 6, 2021

Bitcoin breaks $40,000 and sets its sights on a new all-time high, ETH fees spike as a new price record is set, and Elon Musk really loves Dogecoin.

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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin eyes $50K less than a month after BTC price broke its 2017 all-time high Bitcoin is showing signs of a newfound rally after breaking the $40,000 resistance area, fueling hope that we might be about to see a new all-time high. It’ll be critical…

Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’ – Markets and Prices Bitcoin News

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Grayscale Investments has surpassed the milestone of $30 billion in net crypto assets under management (AUM). The company says the tremendous growth is due to institutional investors, particularly hedge funds. Grayscale revealed Friday that its net total crypto assets under management now stands at $30.4 billion. In the lead is Grayscale Bitcoin Trust, which currently has over $24 billion in AUM, followed by the Ethereum trust with more than $5 billion in AUM. Last year, Grayscale started off with just $2 billion in assets under management and ended the year…

PancakeSwap (CAKE) gains 444% as its daily DEX volume surpasses $90M

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Launched in September 2020, PancakeSwap is a decentralized exchange (DEX) running on Binance Smart Chain. Instead of allowing its users to trade ERC-20 and ERC-721 tokens, the DEX focuses exclusively on Binance Chain BEP20. By using an automated market maker (AMM), the DEX allows tokens to be exchanged with no need for order books. This is quite similar to Uniswap’s liquidy pools which are automated by smart contracts. In addition to its traditional functions, PancakeSwap offers staking for its liquidity providers. There’s also a lottery for users holding 10 or…

BITCOIN PANIK MODUS!!! WAS MACHE ICH JETZT???

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🔥Phemex: 🔥Bybit: 🔥Binance Futures: BITCOIN UND ALTCOIN HEBEL PLATTFORMEN: 💲 Phemex 💲 Bybit 💲 Binance 💲 PrimeXBT KAUFE BITCOIN UND ALTCOINS HIER: 🏦 Coinbase 🏦 Kraken 🏦 Binance MEINE CHART TOOLS: 📊 TradingView MEINE HARDWARE WALLETS: 🔑 Ledger 🔑 Trezor SICHERES LAGERN VON PRIVATE KEYS: 🔒 FOLGE MIR: 📷 📷 📷 📷 #Bitcoin #BTC #Krypto ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Digital Gold: How Should We Be Thinking About Bitcoin?

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Is Bitcoin digital gold? In this episode of ‘On Purpose, With Tyrone Ross’, we dig into bitcoin narratives as financial advisors see them and explore the concept of bitcoin as a store of value. “Saying ‘Internet Money’… What else in my portfolio is like Internet Money? Hmmm….” said independent investment advisor and ‘On Purpose’ host Tyrone Ross, “but when you say ‘Digital Gold’, alright… Clients can wrap their heads around the digital part, they can wrap their heads around the gold part. They probably own gold in a portfolio already,…

Invesco Elwood Global Blockchain ETF – Ein Kauf? Mein Meinung!

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Egal wie der Bitcoin steht, solange ich auch in Unternehmen investieren kann, welche mit der Blockchain-Technologie Geld verdienen, fühle ich mich wohl. Heute geht es um den Invesco Elwood Global Blockchain UCITS ETF. (WKN: A2PA3S) Erfahre meine Meinung und ob ich diesen ETF in mein Depot übernehmen werde. 📈 Der Broker* meiner Wahl primär für ETFs: 📈 Der Broker* meiner Wahl primär für Aktien: 📚 Meine Buchempfehlungen rund ums Thema Finanzen: Profitiere von meinen Erfahrungen, lerne durch meine Fehler. Ich habe bereits…

Twitter, GameStop… enough! The world needs true decentralization

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GameStop and Twitter are both a mirage and an iceberg — but don’t try tweeting that. Not because you won’t own the tweet (because you won’t), but because the only completely true expression that Twitter is capable of delivering as a platform is unlocking the ugly truth about the internet itself. Or as Elon Musk recently tweeted: In retrospect, it was inevitable — Elon Musk (@elonmusk) January 29, 2021 Let me explain. In the midst of Robinhood halting trading for its supposed users, Jack Dorsey has been talking about decentralizing…

Central Bank of Nigeria Orders Banks to Close Accounts of Crypto Clients as Remittances via Traditional Corridors Drop by 97% – Emerging Markets Bitcoin News

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The Central Bank of Nigeria (CBN) has circulated a letter directing banks and financial institutions to identify and close accounts of cryptocurrency transacting entities. The directive, which took immediate effect, threatens “severe regulatory sanctions” to financial institutions that fail to comply. Banks Taking Immediate Action Immediately following the letter’s publication, some banks and other financial service providers began complying with the directive. The CEO of Binance, Changpeng Zhao, tweeted that his company had received word from its Nigerian partners confirming that “Naira deposits and withdrawals will be affected.” Other crypto…

Asset tokenization project DeFi Money Market shuts its doors

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DeFi Money Market, one of the earliest projects aiming to bring real-world assets on-chain, abruptly announced last night that it has “ceased operations.”  “As a result of regulatory inquiries, DMM is shutting down,” a statement on the project’s website reads. “[…] DMM regrets the necessity of this action, and would like to thank the DMM community for its support and active participation in this project.” The website provided users instructions on how to redeem yield-bearing mTokens, and said that yields for the tokens would drop to 0% on February 10th.…