Day: December 29, 2021

Bitcoin dominance falls under 40%

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Bitcoin’s market dominance has continued to fall, bottoming out below 40% this week. That’s very close to the all-time low of 36.7% in Jan 2018 according to data from Tradingview. Bitcoin (BTC) market dominance refers to the ratio between BTC’s market cap and the total crypto market cap. It’s not the first time dominance has dipped in 2021. Back in May, Cointelegraph reported that BTC had dipped to represent just 40.3% of the combined crypto asset capitalization, according to Coinmarketcap, and it neared the same level again in September.  Bitcoin…

Binance Coin Dubbed “Winner Of 2021” By Crypto Research Firm

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It’s official, this was Binance Coin’s year. There are no two ways about it, BNB crushed it throughout 2021 and cemented itself as the third more popular coin in the world by market capitalization. Not a small feat, considering the phenomenal year that altcoins had. Several coins had their moment in the sun, capturing capital, headlines, and attention. No one got near Binance Coin, though. Binance Coin’s stellar performance | Source: The Weekly Update According to Arcane Research’s The Weekly Update: “Bitcoin may have beaten the stock market in 2021,…

Legal Experts Say It’s Too Late to Ban Crypto, India Needs Comprehensive Regulation – Regulation Bitcoin News

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Indian legal experts reportedly say that it is too late to ban cryptocurrency despite calls for a complete crypto ban by the central bank, the Reserve Bank of India (RBI). The Swadeshi Jagran Manch (SJM), an affiliate of the nationalist Rashtriya Swayamsevak Sangh, also passed a resolution calling for an outright ban on crypto. Meanwhile, the Indian government is reworking the crypto bill before resubmitting it to parliament. Legal Experts Explain It’s Too Late to Ban Crypto The Indian government is under pressure from the country’s central bank and the…

Raoul Pal believes institutions have finished taking profits as year winds up

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Real Vision CEO Raoul Pal believes the recent volatility in the Bitcoin price is due to institutions selling to help shore up their end-of-year profits,  The perennial Bitcoin (BTC) bull told Vlad from The Stakeborg Talks in a Dec. 27 interview that he believes the market is currently lopsided due to the effect of institutions. Pal said that they have been selling to lock in their profits. It was a way for institutions to say “I believe in getting paid.” @RaoulGMI answers fast. Not this time. He needed 6 seconds…

Pomp tells CNBC there’s no need to apologize for Bitcoin’s energy use

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Bitcoin influencer and podcaster Anthony “Pomp” Pompliano said that there is no need to “apologize” for Bitcoin’s energy use, because “crucial things in the world use energy.” He made the comments in a Dec 27 interview on CNBC’s morning news and talk program, “Squawk Box” with Joe Kernen. During the interview, he claimed that many people are missing “key points” in the “climate argument” against the Bitcoin (BTC) ecosystem, especially in terms of comparisons with fiat currencies like the U.S. dollar: “There is a linear relationship between energy consumption and…

Bitcoin Resumes Decline, Indicators Suggest Limited Upside

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Bitcoin started a fresh decline below the $50,000 support against the US Dollar. BTC remains at a risk of a larger decline below $47,500 in the near term. Bitcoin started a fresh decline below the $50,000 and $49,500 support levels. The price is trading below $49,000 and the 100 hourly simple moving average. There was a break below a bearish continuation pattern with support near $49,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but upsides might be limited above $49,200…

Genesis Trading Sees ‘Strong Signs’ of Institutional Crypto Investment Growth Accelerating Next Year – Featured Bitcoin News

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Genesis Trading’s head of market insights says that the institutional investment growth in the crypto space over the last 12 months “has been astonishing.” The executive added: “We’re seeing strong signs of that accelerating over the next year.” Strong Signs of Institutional Investment Growth Accelerating Next Year Noelle Acheson, head of market insights at Genesis Trading, shared her outlook for the cryptocurrency market and what investors should expect heading into 2022 with CNBC Tuesday. She said: The institutional growth over the last 12 months has been astonishing. We’re seeing strong…

AscendEX Lists Sidus Heroes Token, SIDUS – Press release Bitcoin News

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press release PRESS RELEASE. AscendEX is thrilled to announce the listing of the Sidus utility token, SIDUS, and the SENATE governance token under the trading pairs SIDUS/USDT and SENATE/USDT starting on Dec. 29 at 2 p.m. UTC. Sidus Heroes is a space themed, play-to-earn massively multiplayer online role-playing game (MMORPG). Sidus Heroes gameplay takes place in the metaverse, featuring interstellar exploration and battles. Settlement on Sidus Heroes is governed by a robust political and economic structure, with a mission to build a hybrid network ecosystem consisting of work, education, and…

ASIC reveals how it infiltrated crypto ‘pump and dump’ Telegram groups

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The Australian Securities and Investments Commission (ASIC) has revealed the details of how it took down crypto “pump and dump” Telegram groups back in October. A pump and dump scheme typically involves using social media to coordinate users to buy large amounts of a thinly traded token to artificially inflate its price. They then cash out with massive gains after other investors, who aren’t in on the scheme, FOMO in on a momentum trade. The new documents reveal that ASIC has been taking counsel from finance academic and crypto researcher,…

Kazakhstan Stock Exchange Turns To Scila AB For Surveillance Tool

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On December 28, Kazakhstan    Stock Exchange  Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the financial market and some of the most visible…