Analysts have blamed misinfo for bitcoin (BTC)’s correction yesterday from USD 60,000 to below USD 54,000, with a whale alert from CryptoQuant suggesting that nearly BTC 19,000 (USD 1bn) flowed into Gemini exchange, potentially to be sold. While CryptoQuant was initially sticking by its interpretation of the BTC flow, other analysts are suggesting either that…
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Source: Instagram, etoro_official Multi-asset social trading platform eToro said it added over 5m new registered users in 2020 and another 1.2m this past January alone, reaching the 20m users milestone, as it aims to go public via a merger. Per the company, in 2019, monthly registrations averaged 192,000, while last year, that grew to 440,000.…
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Ray Dalio. Source: a video screenshot, YouTube, TED The superstar investor and sometime bitcoin (BTC) commentator, founder of major global investment firm Bridgewater Associates Ray Dalio has launched a stinging attack on government and other forms of dollar debt-buying in the form of bonds, labeling the practice “stupid” – and urging followers to buy “stuff”…
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Bitcoin price extended its decline below the USD 58,000 support. BTC even broke the key USD 55,000 support level and declined towards USD 53,000. It is currently (05:30 UTC) recovering, but the bulls could struggle near USD 55,000 and USD 56,000. Similarly, there were additional losses in most major altcoins. ETH broke the USD 1,750…
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Bitpanda co-founders: Eric Demuth (CEO), Christian Trummer (CTO), and Paul Klanschek (CEO). Vienna-based digital asset platform Bitpanda said it was valued at USD 1.2bn after it raised USD 170m in a Series B round. The round was led by Valar Ventures, with participation from the partners of DST Global, the company said in an emailed…
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Overleveraged and overly optimistic crypto traders once again lost billions amid a selloff in the crypto market. More than USD 1bn in cryptoasset trading positions was liquidated in one hour today, bringing total liquidations to more than USD 2.3bn in the past 24 hours (194,539 positions in total), per bybt.com data. Almost 98% of the…
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Source: Twitter/@elonmusk Starting today, the world can call Tesla supremo Elon Musk and the company CFO Zach Kirkhorn by their newly acquired titles. "Effective as of March 15, 2021, the titles of Elon Musk and Zach Kirkhorn have changed to Technoking of Tesla and Master of Coin, respectively," said the filing with the US Securities…
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Yet another “unnamed Indian government source” has come forward with forecasts of doom – telling Reuters that New Delhi is set to unveil a law “banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets,” and stamping out mining. But, once again, everything may not be quite as it seems, according…
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Bitcoin price rallied above the USD 60,000 resistance and traded to a new all-time high near USD 61,800 before correcting lower. BTC corrected below USD 60,000, fluctuating around the USD 58,500 level (05:30 UTC). Besides, most major altcoins are consolidating. ETH is trading in a range above USD 1,850, with a major hurdle near USD…
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The most popular cryptocurrency, bitcoin (BTC), reached another milestone today, surpassing the USD 60,000 level for the first time in its history. At the time of writing (12:06 PM UTC), BTC trades at USD 59,927, correcting from its new all-time high of USD 60,445 (per Coingecko.com), reached earlier today. The price is still up by…
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