Day: October 20, 2021

Ethereum nears its own all-time high as ETH price retakes $4K

Ethereum’s native token Ether (ETH) is likely to hit its own record high in the short term as ETH has broken above $4,000, a crucial resistance level. Ethereum breaks $4,000, nearing new all-time high ETH price rallied on Oct. 20 by over 5% to approach $4,100 on the Coinbase exchange for the first time since May 2021. The cryptocurrency’s run-up above $4,000 appeared primarily in the wake of Bitcoin (BTC) breaking above $65,000 to enter price discovery. According to data provided by Crypto Watch, the 30-day correlation between Bitcoin and Ether came…

Crypto market cap hits new all-time high as BTC, ETH soar

The total market capitalization of all cryptocurrencies rose to new all-time highs on Wednesday, capping off a dramatic months-long recovery that reaffirmed the bullish narrative for Bitcoin (BTC) and Ether (ETH). The crypto market cap — an important barometer for the overall health of the digital asset economy — reached a high above $2.63 trillion on Wednesday, according to Cointelegraph Markets Pro. That represents a gain of 5.9% over the previous 24 hours. A buying frenzy in the market lifted Bitcoin to new record highs, as the flagship cryptocurrency touched…

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VanEck Bitcoin Strategy ETF will likely launch next week as crypto prices reach ATHs

The United States Securities and Exchange Commission has likely approved asset manager VanEck’s Bitcoin Strategy exchange-traded fund, with trading expected to begin on Oct. 25. In an Oct. 20 filing with the Securities and Exchange Commission, or SEC, Vaneck said the public offering of its Bitcoin (BTC) Strategy ETF, which offers exposure to the crypto asset through future contracts, would begin “as soon as practicable” after the effective date of the filing, Oct. 23. This suggests the company could list its shares on an exchange as early as Oct. 25.…

Shiba Inu Coin (SHIB): A Complete Beginner’s Guide

Shiba Inu was launched in August 2020 as a direct competitor to Dogecoin. But unlike Dogecoin, the mysterious creator(s) of Shiba Inu, known as Ryoshi, made some design decisions that have since set the token apart. According to Ryoshi, SHIB has “the ability to outpace the value of dogecoin, exponentially, without ever crossing the $0.01 mark.” To put that into perspective, shib was trading for $0.00002831 at press time, which is a long way from $0.01. And yet, its market cap has already reached a third of Dogecoin’s market cap.…

Famed Brit photographer Platon’s NFTs have stars in their eyes – Cointelegraph Magazine

Platon, the British photographer famous for his close-up portraits of world leaders, is using NFT photos of the human iris to show how humans can be reduced to a unique but unrecognizable image. He even did one self-portrait of his own iris — but, if placed in an iris lineup, he could not tell his own from anyone else’s. Platon only uses one name – like Prince, he says. His first human portrait reduction took place in June 2021, when he auctioned 12 anonymous irises as NFTs, each one priced…

Bitcoin Smashes Through All-Time High Surpassing $66,000 per Unit – Markets and Prices Bitcoin News

The spot price of bitcoin smashed through the leading crypto asset’s all-time high (ATH) surpassing $66,000 per unit after the first bitcoin exchange-traded fund (ETF) was launched in the United States. The last time bitcoin touched an ATH six months ago on April 14, 2021, the price tapped $64,804 per unit. Bitcoin Records New All-Time Price High The fiat value of bitcoin (BTC), measured in U.S. dollars, has reached an all-time high. The price has touched $66,299 per unit on Bitstamp, surpassing the digital asset’s ATH captured six months ago.…

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Hindenburg Research Offers $1M Reward to Uncover Tether’s Backing

Short-selling research firm Hindenburg Research is to offering a bounty of up to $1 million for information that can uncover details about stablecoin Tether’s backing. The firm said it “has doubts” about Tether’s backing and is launching the Hindenburg Tether Bounty Program to encourage a search for previously undisclosed details about it. Hindenburg specifically highlighted in an announcement Wednesday Tether’s claims that a significant portion of its reserves are held in commercial paper without disclosing anything about its counterparties. The program will enable users to submit information on Tether’s backing…