Day: February 20, 2021

Ravencoin (RVN) gains 865% as interest in tokenized securities grows

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Ravencoin (RVN) price has rocketed higher in February as a fresh wave of buying volume lifted the token’s price by more than 800% in the past 20 days.  Data from Cointelegraph Markets and TradingView shows that RVN rose from $0.016 on Jan.29 to a new all-time high of $0.189 on Feb. 19 on top of a record $1.28 billion in 24-hour trading volume. RVN/USDT 4-hour chart. Source: TradingView A scroll through the project’s Twitter feed shows an increase in activity from the account beginning on Jan. 27, when the project…

Bitcoin skeptic debates Bloomberg analyst in latest Cointelegraph Crypto Duel

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In a recent video debate, Bitcoin skeptic Frances Coppola debated Bloomberg senior commodity strategist Mike McGlone on the economics of Bitcoin, market manipulation and predictions for 2021.  Coppola is skeptical that Bitcoin will ever succeed as a store of value because of its high volatility which, according to her, is a direct consequence of the asset’s fixed supply rate. “With a fixed rate of increase of supply (…) the only thing that can adjust to changes in demand is price”, she explained. Demand fluctuations mean Bitcoin’s volatility is here to…

Elon Musk says BTC, ETH prices “high” while dunking on Peter Schiff

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While his electric car company announced a Bitcoin purchase weeks ago, Elon Musk finally became a true Bitcoiner last night by engaging in a time-honored cryptoTwitter pastime: dunking on Peter Schiff.  Yesterday morning Schiff, the noted gold bug and Bitcoin skeptic, posted a Tweet thread in which he criticized Elon Musk’s comment that Bitcoin is a flawed currency, though still better than fiat alternatives: According to @elonmusk “Bitcoin is almost as BS as fiat money.” So Musk regards both #Bitcoin and fiat as BS. I agree, I just think Bitcoin,…

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How You Can Get Up to 17% Annually Holding Digital Assets – Finance Bitcoin News

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The mainstream has caught a whiff of the gains cryptocurrencies like bitcoin and ethereum have seen, but many people are not aware of the passive income crypto users are getting as well. While financial incumbents are giving people with savings accounts a measly 0.35% to 0.60%, digital currencies can give people 1-17% or even more by leveraging certain tactics. Crypto Returns That Outpace the Savings Account You may have heard the term “make your money work for you” in the past, and that’s what savings accounts do if they earn…

BITCOIN TO $20,000! | MARKET CORRECTION NOT DONE | ETHEREUM IS STRONG!

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Bitcoin price must now hold above these levels to break $60K

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Bitcoin’s (BTC) price has been consistently rallying in the past few weeks, reaching its latest new high of around $57,500 on Feb. 20. The week has seen more bullish news such as the first German listed company allocating its cash reserves to BTC as well as the launch of the first Bitcoin ETF in Canada, which traded over $220 million in its debut.  Just for a day — Elon Musk (@elonmusk) February 19, 2021 Such news is fueling the price of Bitcoin while Elon Musk has also embraced the latest…

NFT market top signal? Fake Banksy nets over $1 million in ETH from NFT sales

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As the cryptoTwitter community debates the fair value of Cryptopunks and other NFTs rising to sky-high valuations, there’s at least one clear sign of the digital collectibles market growing irrational: an individual posing as Banksy, perhaps the most famous living artist, has netted over $1 million in ETH in NFT sales.  Starting on Sunday, Feb 14, frequent browsers of the NFT marketplaces Opensea and Rarible noticed an account named “Pest Supply” with branding and NFTs made in Banksy’s signature graffiti-stencil style. Many were quick to jump in, given the ‘real’…

19th February: BTC/USD Leaps Beyond 55,000, ETH/USD Nears 2,000

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Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) daily price movements. BTC/USD Having opened the trading session of 19th February at 51,643 and gone twice below 51,000 between 02:00 and 04:00 UTC, BTC/USD continued steeply south until the end of the day with a slight intermission midway. The pair reached 53,000 between 09:00 and 10:00 UTC, which was another all-time high. It then took east and continued sideways under 53,000 until 14:00 UTC. The second phase of the rally began at 14:00…