Day: December 4, 2023

How Bitcoin Whales Influenced The Surge To $40,000

Bitcoin and the crypto market continue to smash critical resistance levels and hit new yearly highs. The cryptocurrency stands closer to the $50,000 area as 2023 ends, and two major bullish catalyzers stand on the horizon. As of this writing, Bitcoin (BTC) trades at $41,800 with a 6% profit in the last 24 hours. In the previous seven days, BTC recorded an impressive 13% rally as analysts and the crypto community celebrated the beginning of a new bull cycle. BTC’s price trends to the upside on the daily chart. Source:…

Bitcoin Overtakes Tesla, Berkshire Hathaway Stock to Become Top 10 Asset

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Bitcoin has become one of the top 10 assets in the world by market cap. This places it higher than Tesla, Visa, and Berkshire Hathaway stock. Crypto watchers might remember that a few years ago, Bitcoin was declared the top-performing asset of the 2010s, even beating out competitors like gold and stocks like Apple Inc (NASDAQ: AAPL). Now, it seems history is repeating itself, according to Infinite Market Cap, a platform that tracks the market capitalization of thousands of assets. As per Infinite Market Cap, Bitcoin has overtaken the likes…

Analyst Expects Bullish Trend For: Bitcoin, Ethereum, And Cardano

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Dan Gambardello predicts a bullish trend for Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA) in the current cryptocurrency market. Crypto Analyst On The Bitcoin Rally Dan Gambardello took to his official X (formerly Twitter) handle to share his bullish about the three major cryptocurrencies. The analyst post was accompanied by a video where he explained why he is bullish on these three coins. According to the analyst, positive setups have appeared on the charts of all three cryptocurrencies. At the beginning of the video, Gambardello stated that he believes Bitcoin…

Cosmos-based networks Umee and Osmosis to merge, creating ‘DeFi Hub’

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Cosmos-based networks Umee and Osmosis will merge via a software upgrade, according to a Dec. 4 announcement. Umee’s UX Chain code will be reimplemented on the Osmosis chain, allowing features of the two networks to be combined and creating what the development teams call a “DeFi Hub” for the Cosmos ecosystem. Umee user interface. Source: Umee. Umee is a decentralized lending protocol that runs on its own dedicated Cosmos chain called “UX Chain.” Osmosis, on the other hand, is one of the largest decentralized exchanges (DEXs) in the Cosmos ecosystem,…

El Salvador’s Bitcoin portfolio swings to profit

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According to a Dec. 4 post by Salvadoran President Nayib Bukele, the country’s cumulative Bitcoin (BTC) investments currently amount to $131 million with a net profit of $3.6 million, for a total gain of 2.84%. “Of course, we have no intention of selling; that has never been our objective,” said Bukele. “We are fully aware that the price will continue to fluctuate in the future; this doesn’t affect our long-term strategy.” El Salvador’s #Bitcoin investments are in the black! After literally thousands of articles and hit pieces that ridiculed our…

El Salvador’s president affirms long-term Bitcoin strategy is successful

El Salvador’s president Nayib Bukele announces a complete recovery of the country’s Bitcoin investment, yielding a $3.62 million profit. After facing criticism over supposed losses, President Nayib Bukele took to X to announce that El Salvador’s Bitcoin (BTC) investment has recovered 100% of its initial investment and generated a profit of $3.62 million at the asset’s current market price.  El Salvador’s #Bitcoin investments are in the black! After literally thousands of articles and hit pieces that ridiculed our supposed losses, all of which were calculated based on #Bitcoin’s market price…

Envision partners with HBAR and UN on new digitization platform for carbon markets

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The 2023 United Nations Climate Change Conference, also known as COP28, saw several new initiatives aimed at innovating the fight against climate change and streamlining the complex carbon credit markets. Among a sea of announcements and partnerships, Envision Blockchain, in collaboration with HBAR Foundation and Swirlds Labs, announced a new open-source Managed Guardian Service platform focused on a digitized and digital measurement, reporting and verification (dMRV) system for carbon markets. The dMRV system was developed in collaboration with the UN Climate Change Global Innovation Hub (GIH) and built on the…

BTC price levels to watch as Bitcoin whales ‘lure’ market to $42K

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Bitcoin (BTC) faces sharp volatility as the new week begins with BTC price action focusing on $42,000 — can it endure? The largest cryptocurrency, fresh from weekend gains that topped 10%, is still keeping traders guessing over its next move. While a trip to $40,000 was well anticipated, the question now is whether or not the latest move represents the beginning of a new trend or, conversely, a new bull trap. Appraisals currently vary widely, with bullish and bearish perspectives battling for vindication. Cointelegraph takes a look at the most…

Brazilian Bank Itau Unibanco Rolls Out Bitcoin and Ethereum Trading Services to Customers 

Reuters said the launch of the BTC and Ether trading services by Unibanco comes a few months after two of the country’s companies exited the crypto market.  Brazilian banking giant Itau Unibanco has joined the crypto bandwagon with the launch of digital asset trading services for customers as part of its investment platforms, Reuters reported Monday, citing an interview with the company’s digital asset head Guto Antunes. According to the report, the financial services company, standing as one of the largest lenders in Latin America, is commencing its foray into…

Stani Kulechov Defied Crypto Winter

Kulechov was born in 1991 in the former Soviet Republic of Estonia, before his family emigrated to Finland and settled in Helsinki amid the economic crisis that followed the Soviet Union’s collapse. In 2015, while at Helsinki University School of Law, he came across Ethereum and started learning about smart contracts. Kulechov built “ETHLend,” the precursor to the Aave Protocol, while in his dorm room at the same university. Kulechov now lives in London, where Avara is based. Source