Multiple indicators show pro and retail traders remain strongly bullish even as Bitcoin price failed to break $20,000. Apart from a brief $18,100 test on Dec. 1, Bitcoin (BTC) markets remained relatively calm over the week. This suggests that investors are beginning to realize that a more extended period of consolidation could be possible after […]
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He believes that rising adoption will drive Bitcoin higher next year, and that DeFi will have a similar effect on Ethereum. 2021 is shaping up to be a tremendous year not only for gold but for cryptocurrencies as well, according to Frank Holmes, CEO of U.S. Global Advisors. In a Monday interview with Kitco News, […]
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Bitcoin price continues to meet resistance at $19,500, a signal that further sideways action in BTC and altcoins is on the cards. Recent news reports suggest that U.S. lawmakers may announce a new round of economic stimulus worth about $908 billion before the end of today. This second package, if announced, will add to the existing […]
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Much like Santa himself, Bitcoin is magic. Although he is based in the North Pole, Santa Claus spends much of his December touring the globe, making appearances at countless holiday-themed engagements in the run up to Christmas Eve. In payment for these rendezvous, Santa has long been known to accept tips in a variety of […]
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A vast number of nations, including many G-7 members, want more rules for crypto. Digital-asset regulation has been a hot topic in 2020 and shows no signs of cooling. A recent G-7 meeting concluded that the sector faces an ongoing need for regulation. In addition to talking about COVID-19 and economic issues, the group “also […]
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Blockstack may have successfully transformed its STX token from securities registration to commodity status. Blockstack may be about to go where no token has gone before, by metamorphizing from a security to a non-security, as far as U.S. regulators are concerned. In a Monday blog post, Blockstack CEO Muneeb Ali published a legal memorandum in […]
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Years after his initial arrest, Vinnik has finally been sentenced. After years of extradition debates, Bitcoin (BTC) launderer Alexander Vinnik has finally been sentenced by a French court. According to a Dec. 7 report by Novaya Gazeta, Vinnik has been sentenced to five years in prison for “money laundering as part of an organized criminal […]
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A report this weekend claimed that DeFi has reached a million users, but the emerging financial vertical has a long road to travel towards widespread success. A report on Friday from Ethereum metrics website Dune Analytics showed that the decentralized finance (DeFi) ecosystem now counts over 1 million unique Ethereum addresses as participants — an […]
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As DeFi continues to grow and flourish, BTC will eventually be forced to break its 21-million supply limit to remain sustainable and relevant. 2020 was unequivocally the year of decentralized finance. Driven by surging interest and striking breakthroughs, DeFi protocols accelerated financial innovation while reshaping the blockchain landscape. Buoyed by innovations in cross-chain asset gateways […]
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Two new synthetic asset and derivatives platforms look to take a slice of Synthetix’s pie Synthetic assets, one of the most promising use cases for decentralized finance (DeFi), is becoming an increasingly competitive landscape as two new projects aim to bring scalability and new markets to traders. On Friday, decentralized derivatives exchange Injective Protocol began […]
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