Time for altseason? Analysts say altcoin market is near ‘momentum bottom’
Altcoin prices have been in a rut, but a key alteason indicator hints that the “strongest wave” is yet to come.
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After BTC Visits $8.6K, Crypto Traders Predict Bitcoin Price’s Next Stop
The price of Bitcoin (BTC) dropped to as low as $8,600 on May 25 as retail investors on Coinbase led an abrupt short-term downtrend. The price has since fluctuated between $8,800 and $9,200, demonstrating high volatility in a tight range.Bitcoin is currently at a decisive point where it could fall back below the $8,000 support…
Revolut expands to Japan as its first non-English speaking market
Two big crypto companies enter Japan. Revolut, a major European cryptocurrency-friendly trading application is expanding to another major market.The London-based firm has launched its digital banking app in Japan, as Revolut announced in a Sept. 8 tweet.According to a report by The Nikkei, Japan is the first non-English speaking market for Revolut. Headquartered in London,…
New Details of Reddit’s Unconfirmed ERC-20-Based Points System Emerge
More details appear to have leaked regarding Reddit’s rumored Ethereum (ETH)-based “Community Points” system. A video posted to the platform purports to show a draft of FAQ copy explaining how the system will work.If authentic, the video appears to confirm that Reddit is preparing to launch a reputational currency on Ethereum.Video claims to confirm Reddit’s…
Carnegie Mellon University Sees $4M Pledge to Develop DeFi Research Program
A former MakerDAO contributor and Carnegie Mellon alumnus has committed 10,000 MKR — valued at just under $4.3 million at press time — to his alma mater to develop a research program for decentralized applications.Who is giving what for what?Nikolai Mushegian announced the donation in a Jan. 1 post on his website. By his account,…
Crypto Wallet Secures $50 Million Insurance for Customer Crypto Assets
Crypto securities company Curv has partnered with insurance company Munich Re to obtain $50 million in coverage, according to a Curv press release on May 10.This new insurance is designed to cover any cases in which a bad actor was able to gain access to either Curv or the customer’s shares, both of which would…
New Blockchain ETF Co-Operator Elwood Plans Fresh Crypto Investment Options
United Kingdom-based asset management company Elwood Asset Management is looking to increase its cryptocurrency offerings after co-launching a blockchain exchange-traded fund (ETF), Bloomberg reported on March 12.Elwood, which is owned by billionaire Brevan Howard creator Alan Howard, partnered with Invesco to bring a blockchain ETF to market this week.Now, the company told reporters that it…
Goldman Sachs: Gold Will Hit $2,300 by 2022. What About Bitcoin?
A depreciating US dollar as a reserve currency coupled with investors looking for attractive alternatives could see both BTC and gold rise. 2181 Total views 28 Total shares Major investment banking company Goldman Sachs says the price of gold will rise 20% to reach $2,300 before the end of 2022.The commodity hit new record highs…
Home sweet hodl: How a Bitcoiner used BTC to buy his mom a house
There’s a special bond between mothers and their sons. For pseudonymous Alan, a 28-year-old engineer, a Bitcoin (BTC) loan helped his mom to buy a house.Alan told Cointelegraph that he took out a Bitcoin-backed loan in 2021 — serendipitously on his sister’s birthday — to gift his mom the tax-free money. She then used the…