Geopolitical tensions, US elections favor Bitcoin ‘debasement trade’: JPMorgan
If Donald Trump wins the United States presidential elections in November, the trend could accelerate, according to the report.
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Bitcoin Price Shoots for $10K as Markets Hold Breath for Breakout
Bitcoin (BTC) price was fighting resistance close to $10,000 on Sept. 2 as fresh energy appeared to flow into markets. Market visualization. Source: Coin360Bitcoin price attempts to crack $10K barrierData from Coin360 showed BTC/USD 2.25% up on Monday, climbing through $9,800 to challenge a ceiling it failed to break the day before. At press time, the pair…
Here’s why $16.5K is critical for November’s $1.14B Bitcoin options expiry
Bitcoin (BTC) faced a 7.3% drop between Nov. 20-21 as it tested the $15,500 support. While the correction seems small, the movement has caused $230 million in liquidations in futures contracts. Consequently, bulls using leverage came out ill-prepared for the $1.14 billion monthly options expiry on Nov. 25.Bitcoin investors' sentiment worsened after Genesis Trading, which…
New DAO launches after $230M funding round including Peter Thiel, Alan Howard
A new decentralized autonomous organization, BitDAO, announced its launch with a $230 million private sale and major contributions from Singapore-based Bybit. 3164 Total views 5 Total shares BitDAO, a new decentralized autonomous organization, is launching after a $230 million funding round led by billionaire venture capitalist Peter Thiel.BitDAO announced its DAO launch on Tuesday in…
Cointelegraph Consulting survey: Mass DeFi adoption is 3–10 years away
Cointelegraph Consulting releases some trends and insights featured in their “DeFi Adoption 2020: A Definitive Guide to Entering the Industry.” The majority of DeFi projects believe the industry is far away from maturity, but they are sure that mainstream adoption is likely to occur. This was disclosed on Sept. 21 when Cointelegraph Consulting released the…
Argo Blockchain files for $57.5 million offering of secured notes to fund Texas mining facility
The company said it intends to use the proceeds for construction costs and rigs at its Texas crypto mining facility, expected to be operational in 2022. 842 Total views 55 Total shares United Kingdom-based crypto mining company Argo Blockchain will be funding part of the building and equipment of its planned 800-megawatt data center in…
Trust Wallet launches browser extension, integrates with Binance Pay
The new browser extension lets users store, send and receive crypto across all EVM chains and Solana. 723 Total views 5 Total shares Following the collapse of FTX and the bank run on crypto exchanges in general, self-custody Trust Wallet is gaining momentum. In one week, the company launched the long-anticipated browser extension and collaborated…
Swiss Bankers Ease Access for Crypto Startups to Prevent Mass Exodus
The Swiss Bankers Association (SBA) has issued basic guidelines for banks working with blockchain startups on Friday, September 21. As Reuters reports, the measure was taken to prevent a mass crypto exodus out of Switzerland.The document states that banks see blockchain as an opportunity for Switzerland to house financial and technology startups despite "risks," especially…
Bitcoin vs. Buffett: BTC holders' 104% CAGR dwarfs 'steady growth' portfolio
Since its trading debut in 2011, Bitcoin has delivered an impressive average annual return of approximately 104%, surpassing the returns of Warren Buffett’s portfolio and U.S. stock markets.