Day: October 6, 2021

Bitcoin Inflows Shows Institutional Investors Are Back On The Bull Train

Bitcoin recovered above $50K on Tuesday following a rallying that pulled the market back into the green. October has so far been good for the digital asset and investors have begun to return again into the market amid recovering prices. On the investment front, inflows show that institutional interest in bitcoin is returning after inflows had fallen short of expectations in the previous weeks. Bitcoin Makes Up 76.6% Of Weekly Inflows A report published by CoinShares shows that bitcoin inflows had picked back up. Altcoins had been taking more market…

Bitcoin’s $50K resistance to become support in Q4 — Bloomberg commodity strategist

Bitcoin’s (BTC) meteoric rise above $50,000 this week is likely to continue well into the fourth quarter, as the psychological resistance flips to support during the next leg of the bull market, according to Bloomberg’s senior commodity strategist Mike McGlone. On Tuesday, McGlone circulated the October 2021 edition of the Bloomberg Galaxy Crypto Index, which provided an overview of where digital assets could be headed for the rest of the year. In the report, McGlone speculated that Bitcoin’s $50,000 resistance — a level that has proven impenetrable since the May…

Next Step in Blockchain Evolution: Time for a Ready-to-Use Crypto Platform!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Visit Metahash here: Go to the Metahash Telegram here: Disclaimer: This video may contain forward-looking statements, including, without limitation, statements containing the words “believes”, “expects”, “plans”, ”estimates” and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which might cause the actual results, financial condition, performance or achievements of Metahash, or industry results, to be materially different from any future results, financial conditions, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, the…

DOJ to Launch National Crypto Enforcement Team: Report

The Department of Justice (DOJ) is launching a new crypto crime-fighting team, the National Cryptocurrency Enforcement Team, according to a report from Reuters. In a speech at the Aspen Cyber Summit on Wednesday, U.S. Deputy Attorney General Lisa Monaco announced the formation of the new team, which will be composed of anti-money laundering professionals and cybersecurity experts. The team will focus on helping the DOJ better protect consumers from online financial crime, according to the Reuters article. “Cryptocurrency exchanges want to be the banks of the future, well we need…

Gensler’s Crypto Testimony: 6 Key Takeaways

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler was in the hot seat on Tuesday during a House Financial Services Committee oversight hearing, and many committee members – 19 of them – took the opportunity to ask Gensler about crypto regulation. The Committee’s focus on crypto revealed the pent-up fascination – and frustration – with the growing crypto industry and the SEC’s role in regulating it. Gensler’s testimony covered crypto exchanges, stablecoins, decentralized finance (DeFi) and more. CoinDesk breaks it down below. The SEC’s regulatory authority Rep. Patrick McHenry (R-N.C.), the Committee’s…

Bank of America identifies 20 high profile US companies with crypto exposure

Walt Disney, Fox Corporation, and JP Morgan are among a list of 20 publicly traded U.S. companies with some level of exposure to crypto and digital assets, based on data by Bank of America, or BofA. According to a BofA report published on Monday, companies like Morgan Stanley, Signature Bank, and Warner Music Group also have some exposure to digital assets. In all, the 20 firms identified by BofA have their stocks rated as either “Buy” or “Neutral” by America’s second-largest bank by assets under management. As part of the…

No Plan to Ban Crypto, It’s up to Congress – Regulation Bitcoin News

SEC Chairman Gary Gensler says that the SEC has no plan to ban cryptocurrencies as China has done. He noted that it would be up to Congress to make such a decision. Recently, Federal Reserve Chairman Jerome Powell similarly said that the Fed had no intention to ban or limit the use of cryptocurrencies. SEC Won’t Ban Cryptocurrencies The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, answered a question about whether there is a plan to ban cryptocurrency during a hearing before the U.S. House Committee…

ETHEREUM BLOODBATH CRASH INCOMING!!!!!??? Price Prediction, News, Technical Analysis

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ethereum & Bitcoin Technical analysis, news, price predictions and more! SUBSCRIBE: Signup to PrimeXBT here: Join Covesting community on Telegram: CODE: CRYPTOFOMO ⏰ Timestamps Intro: (0:00) Market review: (0:26) Ethereum technical analysis: (0:45) BTC bottom looking good: (1:12) Ethereum vs Bitcoin technical analysis: (4:18) Ethereum on lower timeframes: (4:40) Bitcoin on lower timeframes: (5:00) Funding and sentiment: (5:30) Roseon Finance pumping and building: (6:10) Pera finance pumping and building: (6:55) FearNFT had massive pump and game launching soon: (7:27) Bull div on…

Dapper Labs pursuing DAO’s, Bundesliga partners with Sorare, and more.

Dapper Labs targeting DAO’s with Brud acquisition Dapper Labs, the $7.5 billion team responsible for NBA Top Shot and Flow Blockchain, acquired virtual influencer start-up Brud this week. In the Monday announcement, CEO Trevor McFedries announced a new initiative titled Dapper Collective which will aim to support communities in building decentralized autonomous organization, or DAO, through Flow blockchain. Brud is infamous for its creation of social media avatars, most notably Lil Miquela, a fictional 19-year-old Robot living in LA with 3 million Instagram followers. The avatar influencer has intrigued social…