Day: February 8, 2021

DOGE is ‘not a bad look’ for crypto users, says Mark Cuban as price surges another 8%

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Amid recent endorsements from celebrities and people in tech, the price of the meme-based cryptocurrency Dogecoin has surged more than 700% in the last month. Now even billionaire Mark Cuban says he understands the appeal. In a tweet today from the Shark Tank star and Dallas Mavericks owner, Cuban said Dogecoin (DOGE) is the “best entertainment bang for your buck available” on the crypto market and doesn’t think it’s a “bad look” for investors to consider the token. “[DOGE] gives you a better chance of winning than a lottery ticket…

Altcoins Bleed After Tesla Bitcoin Buy, BTC Dominance Hints At Deception

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Over the weekend, altcoins began to pull back after an enormous market-wide rally, starting with Ethereum. And while the market looked to be turning bearish, news of a massive Bitcoin buy made by auto manufacturer Tesla set the crypto market on fire. On Bitcoin pairs, altcoins began to hemorrhage across the board. But according to a certain technical indicator and BTC dominance, the price action could be nothing more than a short-lived shakeout before the full alt season begins. Tesla Buys Bitcoin, Crypto Fever Boils Over As if the magma-hot…

Cardano (ADA) price rallies 139% following smart contract implementation

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Cardano’s (ADA) price has increased 100% since Feb. 1 as social media engagement and excitement about the addition of smart contract functionality is propelling ADA to its highest price level since the bull market of January 2018.  Data from Cointelegraph Markets and TradingView shows that ADA rose from $0.35 on Feb. 1 to its current price of $0.71, a move which has elevated Cardano to the 4th ranked cryptocurrency by total market cap. ADA/USDT 4-hour chart. Source: TradingView The first surge started after the team upgraded its delegation interface on…

Cardano, Polkadot Market Caps Surpass XRP as Some Bet on Alternatives to Ethereum

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Cardano (ADA) and polkadot (DOT) are now fourth- and fifth-most valued crypto assets, respectively, after they both surpassed XRP in market capitalization earlier Monday. That’s due to the recent rally in decentralized finance (DeFi) and the increased cost of using the Ethereum blockchain.  According to data from analytics site Messari, cardano’s market cap stands at approximately $21.82 billion while and polkadot’s is at roughly $19.83 billion. For XRP, that figure is about $16.36 billion. The latest rally of the two cryptocurrencies of these public blockchains is not “idiosyncratic pumps,” according…

Is It Too Late To Get Into Cryptocurrency (Bitcoin/Ethereum/Dogecoin..lol) | Probably Not

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io We return with another week of cryptocurrency content. Frankly, this is a bigger subject that i originally thought and I was pleasantly surprised to see how many views I got last week. Bitcoin and cryptocurrency is a topic I’ve been interested in since I first heard about it in like 2009-2010. Given it’s recent boom in popularity again (goes in cycles) I think it might be a good time to start getting into it for real finally. With that goal in mind,…

Linkin Park’s Mike Shinoda Auctions his First Non-Fungible Token – Bitcoin News

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Musician Mike Shinoda, guitarist and founding member of the American rock band Linkin Park, has auctioned his first non-fungible token (NFT) for a charitable cause. The NFT, a piece of digital media titled ‘One Hundredth Stream,’’ raised over $30,000 Musician Mike Shinoda, guitarist and founding member of the American rock band Linkin Park, has auctioned his first non-fungible token (NFT). I made a thing: https://t.co/nxirMUsCvb #NFTs #Cryptoart @ourZORA — Mike Shinoda (@mikeshinoda) February 6, 2021 According to a tweet from Shinoda’s Twitter profile, $30,000 of the money raised will go…

Will Apple be the next company to adopt Bitcoin after Tesla?

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Earlier today, Tesla Motors announced it had made a major Bitcoin purchase and planned to introduce crypto payments in the future. Some in the industry are now speculating that Apple will be the next institutional player to adopt the crypto asset. In a market report from Royal Bank of Canada Dominion Securities analyst Paul Steves, the introduction of the tech company into crypto could create more than $40 billion in annual revenue and make waves across the industry. He based this prediction on the history of Bitcoin (BTC) revenue at…

Tesla Buys Bitcoin, $500 Million of BTC Shorts Liquidated

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The Bitcoin price is at a new all-time high above $44.2k, adding an impressive $5.5k, coin trackers on Feb 8 reveals. Accompanying the upswing is the mass unwinding of BTC short bets. Data from Coinalyze shows that $500 million of shorts have been liquidated across different centralized exchanges. What is a BTC Liquidation? For beginners, a cryptocurrency exchange will liquidate the asset of a margin trader (that is, those leverage trading) for cash when certain trading conditions are not met. It often happens when the trader bets against or for…

Price analysis 2/8: BTC, ETH, ADA, XRP, DOT, BNB, LTC, DOGE, LINK, BCH

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Strong institutional demand has propelled Bitcoin and many altcoins to new all-time highs. Bitcoin (BTC) broke out to a new all-time high today, buoyed by the news that Tesla has purchased $1.5 billion worth of Bitcoin, according to a filing with the Securities and Exchange Commission. In addition to the Bitcoin purchase, Tesla also plans to offer its customers the option of buying products with BTC. Instead of converting BTC payments to fiat upon receipt, Tesla may decide to add it to its reserves. Daily cryptocurrency market performance. Source: Coin360 In addition to…