BTC price dip gone by September? 5 things to know in Bitcoin this week
Bitcoin faces a crunch candle close this week as BTC price rebound battles sellers to cancel its early August collapse.
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Bitcoin averaging 200% gains per year proves it’s ‘eating the world’ — Raoul Pal
Bitcoin (BTC) is “eating the world” thanks to ten-year returns of over 6,200,000% and annualized returns of roughly 200% per year, investment strategist Raoul Pal has said.In a tweet on Dec. 15, Pal revisited his oft-quoted phrase as new data showed the extent of Bitcoin’s outperformance of major assets.Bitcoin record profits laid bareAs noted by…
Bitcoin Shows New Resilience as Markets Shake off Futures Settlement
Bitcoin futures may have expired, but even that failed to produce volatility in cryptocurrency as markets remained flat Saturday, Oct. 27.Market visualization from Coin360Data from CoinMarketCap and Coin360 confirm that the end of the trading week – and with it the payment date for CME Group’s Bitcoin futures – had essentially no effect on either…
Nifty News: ‘Degen’ season returns with feet NFTs, disappointing Game of Thrones NFTs and more
'Degen' season smells like pixelated feetFeetpix.wtf’s newly launched nonfungible token (NFT) collection, “Feetpix” has seemingly taken the NFT community by storm with surging trading volumes, prompting some to suggest the return of “degen” season.Feetpix.wtf’s collection soared ahead of the likes of Bored Ape Yacht Club (BAYC) on Jan. 11 with the fifth-highest trading volume recorded…
Data Shows $1,000 Bitcoin Price Gains Are Followed by 38% Drawdown
This week Bitcoin price pulled off an incredible rally that appears to have exceeded the expectations of many investors. Data from Cointelegraph Markets and CoinMarketCap shows record trading volume across multiple crypto exchanges occurred as Bitcoin rallied to $9,400 but this doesn’t mean that the long awaited bull market has started. Crypto market daily price chart.…
From DeFi year to decade: Is mass adoption here? Experts Answer, Part 3
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Chinese Crypto Bans on WeChat Accounts, Events, and Exchanges: What Happened and Why
This week, the government of China has cracked down on crypto-related WeChat accounts, blockchain events and digital asset exchanges, solidifying its negative stance on cryptocurrency trading and the Initial Coin Offering (ICO) market. WeChat ban and PBoC’s warning against ICOs On Aug. 22, Cointelegraph reported that WeChat, China’s biggest messaging app that has over 1 billion active monthly users,…
XRP Army Exposer Sues Twitter for Account Suspension
Data scientist Geoff Golberg has sued Twitter for banning his account after he used insulting language toward a bot. Golberg, the co-founder of blockchain analytics company Elementus and an academic at the University of Colorado, was banned from Twitter on July 29, 2019, for engaging in “abusive behavior.” In the lawsuit, Golberg emphasizes that the very existence…
Bitcoin vs. Altcoins: Which Is the Most Usable for Merchants?
Volatile or not, there's growing public demand for retailers and businesses to accept payment in cryptocurrency. According to a survey published in June by the United Kingdom-based crypto-exchange CreditCoin, 75 percent of American consumers want the option to use cryptocurrencies to pay for items they purchase in stores. Sadly, the proportion of stores providing this option…