Month: August 2023

19% of New Yorkers own cryptocurrency: Coinbase report

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A Coinbase report series highlighting crypto innovation at the state level in the United States has recently published its fourth edition, which features New York. The report highlighted various milestones the state reached regarding crypto adoption.  Within the report, Coinbase noted that 19% of New York residents who participated in the study own cryptocurrencies. Additionally, one in three New Yorkers agreed that crypto makes the financial system fairer and described it as a “worthwhile investment for the future.“ Bitcoin ATMs in Manhattan, New York City. Source: CoinATMRadar The Coinbase report…

Historical Playbook Points To $3,800 In Coming Months

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Renowned analyst Josh Olszewicz has shared some compelling insights on Ethereum’s price trajectory. Drawing parallels from historical patterns, Olszewicz’s analysis suggests that Ethereum might be gearing up for a significant rally in the coming months. Historical Pattern: Ethereum Forms Ascending Triangle Olszewicz starts by highlighting Ethereum’s current price pattern, jokingly stating, “Ethereum: ascending triangle 450 million years in the making w/fib extensions to $3k.” This ascending triangle, characterized by a flat top and rising bottom, has been forming since May 2022, and if history is any guide, it could be…

Bitcoin ETF to be approved in 6 months, Bloomberg analyst says

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Insiders suggest that Bitcoin ETF approval is inevitable. Bloomberg ETF analyst Eric Balchunas says expectations vary from four to six months. Bloomberg’s senior ETF analyst Balchunas cites the earnings call with Mike Novogratz, CEO at Galaxy Digital. Novogratz, in his turn, referred to his sources in BlackRock and Invesco. Per Novogratz, the question of Bitcoin (BTC) ETF approval is “when, not if.” According to “contacts” from inside BlackRock and Invesco spot Bitcoin ETF approval a matter…

ICO and CMA: Harmful online design encourages consumers to hand over personal information

The Information Commissioner’s Office (ICO) and Competition and Markets Authority (CMA) are calling for businesses to stop using harmful website designs that can trick consumers into giving up more of their personal data than they would like. Practices include overly complicated privacy controls, default settings that give less control over personal information and bundling privacy choices together in ways that push consumers to share more data than they would otherwise wish to do. Where consumers lack effective control over how their data is collected and used, this can harm consumers…

Temasek, Sequoia Capital, Softbank, leading VCs face lawsuit for “abetting” FTX fraud

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Eighteen leading venture capital (VC) investment firms, including Temasek, Sequoia Capital, Sino Global and Softbank, have been named as defendants in a class-action lawsuit filed in the United States District Court for the Northern District of California for their links to the now-bankrupt crypto exchange FTX. The lawsuit, filed on Aug.7, alleged that the investment firms were responsible for “aiding and abetting” the FTX fraud. The suit claims that the defendants used their “power, influence and deep pockets to launch FTX’s house of cards to its multibillion-dollar scale.” A snippet of Cabo…

Solana and Cardano navigate through market turbulence, Borroe registers growth

As Solana (SOL) and Cardano (ADA) struggle to gain momentum, stage 1 of the Borroe presale is ongoing after completing its beta phase. Experts retain a bullish outlook on ROE, saying it could outperform the market, driven chiefly by its use case. Solana breaks above $23 Solana’s performance is mixed. It recently broke above $23 but is down 6.5% in the past week. Nevertheless, experts believe SOL is oversold and may recover in sessions ahead. Some investors are convinced that the release of Solang, a software for developers to build apps on…

Why Is Bitcoin And Crypto Surging Today?

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In the last 24 hours, Bitcoin has experienced a 2% surge, pulling the broader crypto market along with it into a bullish trajectory. Leading the charge among altcoins are PEPE with an 8% gain, followed closely by SHIB and HBAR both at 6.3%, TON at 5.6%, SNX at 5.4%, and SOL at 5.3%. The overall crypto market capitalization has swelled to $1.18 trillion(+1.63%), while Bitcoin’s dominance in the market has edged up to 50.63%. Why Is Bitcoin And Crypto Up Today? The market’s euphoria was initially triggered by a news…

Tesla and other top companies capitalize on bitcoin portfolio

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Top publicly traded firms reveal their Bitcoin (BTC) portfolios. MicroStrategy leads the list, showcasing the fusion of traditional finance and digital assets. Crypto analytics website CoinGecko has analyzed the top 10 publicly traded companies with the largest Bitcoin portfolios. The report provides a detailed account of their BTC holdings and associated performance. The list includes MicroStrategy, Block, Tesla, and other moguls that keep investing in crypto despite the bear market. Top 5 companies holding Bitcoin |…