Bitcoin falls under $67K as stocks sell-off, but BTC derivatives are stable

Bitcoin (BTC) price has officially reached a new all-time high on Dec. 1 above $19,892 after nearly three years, according to data from Coinbase and Tradingview.BTC/USD weekly chart (Coinbase). Source: Tradingview.comDespite the Thanksgiving crash last week, BTC price has managed to rebound throughout the weekend. BTC then easily passed the $19,000 mark on Monday to reach…

High gas fees on the Ethereum network are making it nearly impossible for retail investors to interact with DeFi protocols but the same doesn’t apply to whales. 1146 Total views 9 Total shares Since early 2020 the decentralized finance sector has been recieved a lot of attention due to its cutting-edge innovation and the lucrative…

A new WEF report touts blockchain technology as a cornerstone of environmental sustainability. 1623 Total views 2 Total shares The World Economic Forum (WEF) believes blockchain represents a core element of sustainable digital finance -- a new paradigm that combines emerging technology with environmentally-conscious business models.In a new report published Wednesday, UBS executive Karin Oertli…

Abracadabra Money enables users to provide collateral via interest-bearing bearing tokens and borrow the Magic Internet Money stablecoin against their holdings. Abracadabra Money’s stablecoin Magic Internet Money (MIM) has surged past a $1 billion total supply this month as the project works to provide competition to MakerDAO. Abracadabra is a cross-chain stablecoin lending protocol that…

The inaugural 2021 Independent Reserve Cryptocurrency Index, or IRCI, is based on a poll of 1,000 Singaporeans from a representative background of gender, age and location. 985 Total views 13 Total shares Cryptocurrency adoption is growing in Singapore, especially among younger generations looking to capitalize on the generational wealth potential of Bitcoin (BTC) and other…

Booking volumes on the Binance-backed travel booking platform dropped by 90% during the coronavirus pandemic. 1693 Total views 45 Total shares The global travel industry ground to a standstill after governments worldwide announced strict lockdowns to prevent the spread of COVID-19. At the Unitize virtual blockchain conference on July 6, Juan Otero, the co-founder and CEO…

BItcoin (BTC) retains a $138,000 price target for 2025 as the market recovers from US trade tariffs, new analysis concludes. Data covering bets on prediction service Polymarket suggests that BTC/USD could still gain around 60% from current levels this year. “Conservative” Polymarket users cap BTC price upside at 60% Bitcoin bull market projections have taken

Bear markets are for building out capacity on the layer-2 Lightning Network. Despite macroeconomic headwinds and sluggish price action, the Lightning Network, the layer-2 payments solution fo Bitcoin (BTC), continues to flourish.The Bitcoin Lightning Network reached a milestone capacity of 5,000 BTC ($96 million). In effect, more and more Bitcoin is being introduced to Lightning…