The founder of Skybridge Capital has predicted that “bitcoin will be used by many Latin American countries as legal tender over time, not just El Salvador.” He recently doubled down on his $100K bitcoin price prediction but does not currently see the cryptocurrency as a hedge against inflation. Bitcoin Will Be Legal Tender in Many…
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Traders who believe ETH will recover but unlikely surpass $3,800 ahead of May can benefit from the skewed iron condor strategy. Being bullish on Ether (ETH) over the past four months did not pay off as its price dropped 44% from $4,600. The decentralized finance (DeFi) applications growth that fueled the rally faded away, partially…
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Tesla and SpaceX founder Elon Musk has reiterated his commitment to holding his stack of bitcoin (BTC), ethereum (ETH), and dogecoin (DOGE) when preaching to his more than 77m Twitter followers about ways to hedge against inflation…. Read More: Elon Musk Won’t Sell Bitcoin, Ethereum, Dogecoins as Inflation Soars and Recession Risk Grows Read…
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Sentiment among traders and investors in the crypto market saw a slight drop this week, with volatile and ‘choppy’ markets in recent days and weeks frustrating traders who are looking for clear trends. According to data from the market sentiment analysis service Omenics, the average 7-day sentscore for 10 major cryptos dropped to 4.9…
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Stefan Berger, a member of the European Parliament in charge of shepherding the MiCA regulation, confirmed that the European Parliament Committee on Economic and Monetary Affairs (ECON) rejected a suggestion that could ban proof-of-work (PoW) consensus protocols such as Bitcoin (BTC), Ethereum (ETH), in the EU…. Read More: Bitcoin and Ethereum Get Support in…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ … Read More: Bitcoin & Ethereum Investment Outflows, BTC Mixer Flags Illegal Moves + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
With a falling ratio of bearish put options to bullish call options in the bitcoin (BTC) options market, the key metric is currently signaling that an increasing number of advanced traders are taking bullish bets on bitcoin. As of Sunday, the put-to-call ratio in terms of BTC open interest stood at 0.51, signaling that…
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Decentralized exchange running on Polygon, QuickSwap has officially begun a voting process regarding QUICK. The platform’s native governance and utility token, QUICK holders will vote on rejecting or approving a process called “redenomination”. Related Reading | Why Polygon Will Implement Ethereum’s EIP-1559 Update If approved, the QUICK token will be “split” thus increasing its total…
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The moderate version of the regulatory framework’s draft prevailed in the ECON committee voting. Earlier on Monday, members of the European Parliament’s Committee on Economic and Monetary Affairs voted against a version of the Markets in Crypto Assets, or MiCA, bill that could have effectively banned proof-of-work-based cryptocurrencies within the EU. This comes as a…
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Companies from Doodles to luxury car manufacturer Porsche offered NFT-themed entertainment to the thousands of attendees appearing in person in Texas over the weekend. South by Southwest, one of Austin’s biggest festivals with exhibits from tech industry leaders, films and musical acts, kicked off its first weekend — and the theme for many seemed to…
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