Day: September 16, 2021

Believe It Or Not, Bitcoin Maxis, Altcoin Season Might Not Have Yet Begun

Because Bitcoin is the first ever cryptocurrency, it often has a cult-like following of investors who won’t touch an altcoin no matter the potential ROI or promise behind the technology. But the recent alt season has investors in profit from the bull run converting BTC into other coins in search of better performance. After such an incredible run by assets like Ethereum, Cardano, Solana, Dogecoin, and several others, and the fact Bitcoin is building momentum, the expectation is now that BTC dominance will soon reverse, and altcoins will see some…

Crypto Exchange Coinbase Announces $2,000,000,000 Capital Raise Amid SEC Lawsuit Threats

Coinbase is raising $2 billion through a debt offering despite receiving lawsuit threats from the U.S. Securities and Exchange Commission (SEC). The crypto exchange says the offering will be used for general corporate purposes as well as investment in product development, potential mergers and acquisitions of products and technologies. “This capital raise represents an opportunity to bolster our already strong balance sheet with low-cost capital.”   The firm initially aimed to raise $1.5 billion, but Reuters reports that it increased the offering by an additional $500 million due to market…

Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion – Technology Bitcoin News

On August 5, 2021, the Ethereum network and its participants successfully completed the highly anticipated London upgrade, which saw the implementation of the Ethereum Improvement Proposal (EIP)-1559. Since then, 303,681 ether worth more than a billion U.S. dollars have been burned. More Than 300K Ether Burned Following EIP-1559 More than a billion dollars worth of ethereum (ETH) has been burned to date, after the London upgrade was implemented 42 days ago. The biggest changes added to the Ethereum blockchain included EIP-1559 and EIP-3554. While EIP-3554 changed the difficulty bomb, EIP-1559…

YouTuber trades Tesla Roadster for NFT

Dan Markham, the creator of the seven-million subscriber What’s Inside YouTube channel, has traded his Tesla Roadster for a single nonfungible token (NFT). In a Sept. 15 video on his What’s Inside Family channel, Markham exchanged a blue Tesla Roadster — which he estimated could be worth “a quarter-million dollars pretty soon” — for a nonfungible token of a “positive porcupine.” The NFT was a creation of the VeeFriends project and owned by Eli Burton, the artist behind The Adventures of Starman graphic novel. I am incredibly grateful to @garyvee…

BITCOIN CAYENDO!! PANCAKESWAP HACKEADO! EL FIN DE LA MINERIA EN ETHEREUM??!!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io En este sencillo video te explico todo lo que esta pasando con el precio de bitcoin en este 2021, el hack de pancakeswap, el NFT de Elon Musk y lo que pasa con los mineros en ethereum con EIP-1559 💥 Suscribite al canal para mas videos! Tu colaboracion ayuda muchisimo a este canal y a la industria de Cripto! Puedes colaborar con el canal en Gitcoin con tan solo 1 DAI!! 👬 Seguime en Social Media: 🐦 Twitter 👉 📖 Medium 👉…

Why Bitcoin Could Rise To $53K, What Bulls Must Overcome

Bitcoin is moving sideways in lower timeframes as the crypto markets continue to run without a clear direction. The first cryptocurrency by market cap trades at $47,837 with a 1.2% loss in the daily chart. BTC moving sideways in the daily chart. Source: BTCUSD Tradingview BTC’s price has been moving in a tight range during the week, unable to break above $48,500. Data from Santiment suggest an increase in the amount of BTC’s supply exchanging hands since the beginning of September. This suggests that investors could be taking more profits…

On-Chain Data Shows Bitcoin Whales Hold Fort Despite Recent Dips

On-chain data shows Bitcoin whales haven’t budged despite the recent dips, and are rather continuing to accumulate more. Whales Continue To Accumulate More Bitcoin As pointed out by a CryptoQuant post, the Bitcoin sum coin age (SCA) indicator has been going up, showing long-term holders are continuing to accumulate. The SCA is a BTC metric that tells us about the distribution of long-term holders. It’s calculated by taking the product of the UTxO (Unspent Transaction Output) alive days and the UTxO value. The “age” of a coin is measured in…

3 reasons why REN price is up 340% from its July swing low

Interoperability has become one of the driving themes within the crypto market and as the blockchain ecosystem evolves into an interconnected web of layer-one protocols, the importance of communication and efficiency among decentralized applications (dApps) will also increase. Ren (REN), a blockchain protocol designed to provide interoperability and liquidity between different blockchain platforms, has started gaining traction over the past month and a half as activity in the decentralized finance (DeFi) sector has been on the rise. Data from Cointelegraph Markets Pro and TradingView shows that after reaching a low…

Fidelity Executives Meet With the SEC in Effort To Launch a Bitcoin Exchange-Traded Product

Financial services giant Fidelity recently discussed a Bitcoin exchange-traded product with the U.S. Securities and Exchange Commission (SEC). According to a memorandum of the meeting dated September 8th, senior Fidelity executives met with SEC staff for a presentation that featured information on the Wise Origin Bitcoin Trust – a proposed Bitcoin exchange-traded fund to be operated by Fidelity.   In the memo, Fidelity says that developed market regulators in other countries – including Canada, Germany, Sweden, and Switzerland – have already approved Bitcoin exchange-traded products (ETPs). The financial services giant…

Dogecoin Rival Shiba Inu Spikes in Value While DOGE Prices Flounder, SHIB Jumps 21% in 24 Hours – Market Updates Bitcoin News

While the dogecoin’s token price has floundered during the last seven days, the meme-coin’s rival shiba inu (SHIB) has moved up the ranks in terms of weekly gains. Dogecoin has shed 5.8% during the last week, but shiba inu has spiked 21.3% during the course of the week and 21.1% in the last 24 hours. Shiba Inu Gains 21% in 24 Hours Two days ago, Bitcoin.com News covered the DOGE market action concerning dogecoin’s four-legged fall in recent times. Weekly stats show dogecoin (DOGE) is still down 5.8% during the…