Day: February 18, 2021

2 Key Reasons Why Bitcoin Bulls Expect Further Upside

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Bitcoin has seen strong gains over the past seven days. According to CoinGecko, the leading digital asset is up 16% in the past seven days, outperforming Ethereum and a number of other digital assets. Despite this strong rally in the price of the leading digital asset, analysts are expecting further gains in the weeks ahead. Here are a few reasons why this sentiment has been shared about Bitcoin. Related Reading: Wall Street Veteran Kickstarts Own Bitcoin Fund With $25m Investment #1: Bitcoin Is Seeing Strong Corporate Demand Bitcoin is seeing…

Venus (XVS) rallies 900%, TVL hits $3.54B after Binance Smart Chain launch

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As decentralized finance continues to increase it hold on the wider cryptocurrency market, Binance Smart Chain (BSC) is beginning to emerge as a suitable option for traders looking to escape from high transaction fees on the Ethereum (ETH) network.  With more attention being paid to BSC, DeFi projects operating on the chain have also seen an influx of buying activity in recent weeks as token holders rush to supply liquidity for recently launched protocols. One such project is Venus (XVS), an algorithmic money market and synthetic stablecoin protocol designed specifically…

✅ Todo lo que NECESITAS SABER sobre Crypto Mining Group

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Bill Gates Switches from “Bitcoin Bear” to Neutral, BTC/USD Remains Firm above $51.5k

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The philanthropist billionaire Bill Gates has swung from being a Bitcoin bear to staying neutral just when the BTC price is defying gravity, recently racing above $52.5k. Bill Gates now Neutral on Bitcoin, BTC/USD Firming above $50k Appearing on CNBC’s Squawk Box on Feb 18, the billionaire made it clear that he never owns Bitcoin. However, he’s not “short” the world’s most valuable digital currency, choosing instead to remain neutral. Still, the idea of moving funds digitally to cut transaction costs bodes well with the Bill and Melinda Gates Foundation.…

Congress is blaming Robinhood, not Reddit

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Vlad Tenev, Robinhood’s CEO, very much occupied the hot seat in today’s hearing before the House Financial Services Committee over January’s market volatility.  None of the representatives seemed particularly interested in putting the screws to Reddit CEO Steve Huffman, and many seemed to give Keith Gill the same props the rest of us did. These aren’t the market manipulators you are looking for Gill, in all fairness, was the most likeable character involved, introducing his remarks by saying “A few things I am not: I am not a cat and…

‘More Valuable Than Gold’- The Motley Fool Announces $5 Million Investment Into Bitcoin – Bitcoin News

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The fifth-largest investment website globally with over 80 million monthly visitors, The Motley Fool’s positive outlook for the future of bitcoin is another data point in the coin’s journey as the influential advisory organization wades into the debate. Investing Advice Provider Believes Bitcoin Will Deliver Ten-Fold Returns in the Next 15 Years The Motley Fool has announced a $5 million investment into bitcoin as part of a long-hold plan to gain a 10x return on its investment over the next 15 years. As the fifth-largest investment website globally, with over…

Riot Blockchain stock plunges 20% following parabolic rally

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Shares of crypto mining company Riot Blockchain (RIOT) plunged on Thusday, giving back a portion of a parabolic rally that was largely driven by news of a major boost in hash rate capacity.  RIOT fell 20.4% to close at $62.03 on Thursday but was moving slightly higher in after-hours trading. At current values, RIOT has a total market capitalization of $4.2 billion, making it one of the largest companies in the blockchain industry. The sharp pullback follows a more than doubling in price between Feb. 10 and Feb. 17. The…

Bobby Lee standing by prediction for massive BTC peak in December

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Crypto expert Bobby Lee’s early predictions on the price of Bitcoin have proven to be quite accurate during the latest bull run. In a tweet from December 2018, the Ballet crypto wallet CEO and founder said that the next Bitcoin (BTC) rally would start in late 2020, take off in early 2021, and follow with a peak in December. The recent bull run which started last year has seen the price of the crypto asset pass its previous all-time high price of $20,000 in December and $30,000 the following month.…

Key Ethereum price metric signals pro traders are skeptical about $2K ETH

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In the last 24-hours, Ether (ETH) rallied above $1,900 to a new all-time high and this breakout reflects a strong 45% gain for just February alone. Aside from Ether following Bitcoin’s (BTC) bullish momentum, the move has been partially fueled by the news that BlackRock is considering future cryptocurrency investments and Microstrategy’s $900 million convertible notes offer to buy more Bitcoin. Ether / USD prices at Coinbase. Source: TradingView The growing popularity of decentralized exchanges (DEX) has also been a huge booster of Ether price and earlier this week Uniswap reached $100 billion in…