While bitcoin (BTC) is struggling to brake that psychologically relevant barrier of USD 10,000, it might be the "bored millennials" turning to platforms like stock trading app Robinhood who might propel the next rally. Since April 2020, bitcoin hasn’t moved outside the USD 8,000-USD 10,000 range, which Bloomberg describes as "the longest it’s gone without…
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One of South Korea’s biggest commercial banks, NongHyup (NH Bank) said it is working on a cryptoasset custodial services platform for institutional investors. Per ET News, the bank said that it wants to launch crypto “ecosystem” operations, and also spoke of its long-term plans which include offering custodial services to the South Korean central bank,…
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May’s mixed bag turned into a June’s red one – at least for the top 10 coins by market capitalization. Only one has seen a rise in its price in the month of June. Nonetheless, for the coins outside of the top 10 list, the picture is not as drastic. Though many saw a drop…
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Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crypto adoption news Samsung and South Korean software firm Uppsala are set to launch a crypto losses tracking system for the Samsung Blockchain Wallet – a feature on a number of…
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Despite a recent increase seen in the number of bitcoin (BTC) “whales,” much of this may be a result of already large holders taking their coins off exchanges, a new report from blockchain analytics firm Glassnode suggested. “Much of the recent increase in the number of whales can be explained not by new money, but…
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The S2F chart. As the widely followed pseudonymous bitcoin (BTC) analyst PlanB added another data point, the ‘red dot’ to his famous stock-to-flow (S2F) bitcoin price model, the community appears to be getting increasingly dismissive about the model’s predictions. Writing on Twitter today, PlanB first shared the “cross asset” version of his model, dubbed S2FX,…
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In the past few sessions, bitcoin price traded in a broad range above the USD 9,000 support and below the USD 9,300 resistance. The current technical structure suggests that BTC could be preparing for a fresh increase above the USD 9,200 and USD 9,300 resistance levels. Similarly, most major altcoins might follow bitcoin if it…
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The Federal Taxation Service. Russian crypto owners have been warned that they have just a month before the taxman comes calling – with miners, custodians and traders all required to declare their profits. Although the country is likely still “a year or more” away from comprehensive crypto laws, the tax code has been changed in…
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Conventional market caps and supply estimates may be inaccurate in that they do not give a “real” picture of the amount of bitcoin (BTC) and major altcoins that are currently in circulation, according to a new report. Crypto financial data provider Coin Metrics has developed a methodology for calculating these figures, which it calls the…
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Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crypto adoption news 3.86%, or 1.9 million, of the general population in the UK currently hold cryptocurrencies, the Financial Conduct Authority (FCA) estimated, citing their newest survey. Moreover, the Read more…
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