Day: October 12, 2021

Analyzing Altcoin Season And The Impact Of A New Bitcoin All-Time High

Bitcoin price is only striking distance away from potentially setting a new all-time high, or only about a 15% move higher for the new record to be set. As the top-ranked cryptocurrency surprisingly weathers the macro turmoil as of late, altcoins have suffered dramatically and for the most part bled while BTC has been rising. Alt investors are capitulating, and moving their capital into BTC as to not miss the coming last leg up. But what exactly does this mean for the ongoing altcoin season? Is it over? Or will…

Millions of Wix Merchants Can Now Accept 12 Different Cryptocurrencies – Bitcoin News

On Tuesday, the Atlanta-based cryptocurrency payments company Bitpay announced the Israeli software company Wix has enabled its Software as a service (SaaS) e-commerce product to accept crypto-asset payments. The integration will allow Wix merchants to accept 12 different cryptocurrencies such as bitcoin, dogecoin, bitcoin cash, ethereum, litecoin, and stablecoins as well. SaaS Platform Wix Implements Bitpay Infrastructure So Merchants Can Accept Crypto Founded in 2006, by the Israeli software engineers Nadav Abrahami, Avishai Abrahami, and Giora Kaplan, the global SaaS platform Wix provides users with the ability to develop both…

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Traders pin Ethereum’s route to new ATH to eventual Bitcoin ETF approval

Ether (ETH) price is lagging Bitcoin’s (BTC) price action by 13% in October, but is this relevant? To date, the altcoin has still outperformed BTC by 274% in 2021. However, traders tend to be short-sighted and some will question whether the Ethereum network can successfully migrate to proof of stake (PoS) validation and finally solve the high gas fees issue. Bitcoin and Ether prices at Bitstamp. Source: TradingView Moreover, the increasing competition from smart contract networks like Solana (SOL) and Avalanche (AVAX) have been worrying investors: One big problem with…

As Bitcoin Breaks $57k, Quant Explains Why It Could See A Pullback Here

As Bitcoin rallies past $57k, Quant explains using on-chain analysis why the cryptocurrency may see a pullback here. Bitcoin Funding Rate And Futures Open Interest Show Rising Values As explained by an analyst in a CryptoQuant post, some BTC indicators are showing values that have historically signaled that a correction could be coming soon. The first metric of relevance is the Bitcoin funding rate, which is defined as the periodic payment that futures contract traders have to pay. Positive values imply most traders are bullish and long traders are paying…

Coinbase follows FTX and Binance in launching NFT marketplace

Major crypto exchange Coinbase has announced it will be opening a waitlist for a nonfungible marketplace it plans to launch later this year. In an Oct. 12 blog post, Coinbase vice president of product and ecosystem Sanchan Saxena said the nonfungible token, or NFT, marketplace would allow its users to mint, purchase, discover, and showcase Ethereum-based tokens. According to Saxena, the offering will allow creators to maintain control of their artwork “through decentralized contracts and metadata transparency,” with all NFTs on-chain. The Coinbase announcement comes following crypto exchange FTX and…

Who Cares What Jamie Dimon Thinks of Bitcoin?

This episode is sponsored by NYDIG. Download this episode Ah, Jamie Dimon. One of the longest duration skeptics of bitcoin, and one of the most consistently wrong from a market perspective. Yesterday, the JPMorgan Chase CEO added new material to his anti-bitcoin cannon and Bitcoin Twitter was extremely quick to respond. Indeed, part of that response was colored by general bullishness as bitcoin experienced another surge up past $57,000. NLW explores Bitcoin Twitter’s reaction to Dimon’s comments and looks at why many think the current rally is being driven by…

Bitcoin: Expert Interviews On Cryptocurrency Topics | Cryptos | Crypto Currency News | Crypto News

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Experts Interviews on Cryptocurrencies: Bitcoin’s Explained for Beginners – The following Bloomberg interviews show experts and CEO’s talk about Cryptocurrencies: (1) Nic Carter talks about Bitcoin’s climate footprint. (2) Alex Mashinsky discusses Bitcoin and the Federal Reserve. (3) Barry Ritzhold explains what drives the Crypto Performance. (4) Meltem Demirors talks about the dramatic shift in the way investors view Bitcoin. (5) Eric Peters takes a look into Bitcoin’s institutional future. #documentaries #cryptonews #bitcoin COPYRIGHT: All of the films published by us are…