Altcoins have entered a slight correction after Bitcoin’s relief rally lost steam and the price dropped below $35,000. Grayscale products witnessed $3.3 billion in inflows in the fourth quarter of 2020, a large jump over the $1.05 billion seen in the preceding quarter. According to Grayscale, institutional investors accounted for 93% of the new investments. …
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Traders are shifting funds into select altcoins as Bitcoin price trades in a sideways range. The top 100 richest Bitcoin (BTC) addresses have added 334,000 Bitcoin to their existing holdings over the past 30 days, a clear signal that whales and institutional-size investors bought the dip. A positive sign is that most of them have…
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“Ripple’s all-star engineering team continues to grow,” Ripple CEO Brad Garlinghouse said of the firm’s new senior VP. Amid legal action from the SEC, Ripple has brought in fresh blood from Amazon to lead its engineering team. In a statement released today, Ripple CEO Brad Garlinghouse announced that former Amazon vice president of delivery experience,…
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Ripple’s CEO Brad Garlinghouse has responded to some of the community’s concerns surrounding the SEC’s $1.3 billion lawsuit against the firm. Ripple CEO Brad Garlinghouse has revealed the firm unsuccessfully attempted to settle its securities violation lawsuit with the SEC, and slammed the “regulatory chaos” around cryptocurrencies. I’m not going to litigate the SEC’s unproven…
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Bitcoin’s slow crawl toward $36,000 has given select altcoins the green light to rally higher. Aggressive buying by institutional investors is one of the main reasons for the current Bitcoin (BTC) bull run. Some investors expressed their intent to hold their positions for a few years, but it is also prudent to note that many…
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Ripple co-founder Jed McCaleb appears to have enjoyed a prosperous 2020, having sold more than $400 million worth of XRP over the last 12 months. Stellar CTO and Ripple architect Jed McCaleb cashed out a whopping $411 million in XRP in 2020, according to an updated report from blockchain analytics account Whale Alert. McCaleb sold…
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After today’s sharp downside move, Bitcoin and altcoins could trade in a sideways range as bulls and bears fight to control the market’s momentum. Bitcoin (BTC) price plunged by about $3,400 in an hour, warning traders that corrections during a parabolic move are likely to be sharp. Data from Glassnode shows that the fall resulted…
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Revolut warned users that their XRP funds could be stuck “in a worst-case scenario.” Revolut, a crypto-friendly trading app, is reportedly issuing a strong warning to its customers regarding buying and selling XRP. According to news outlet The Irish Times, the fintech firm recently sent out a notice to its customers saying it was still…
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The payments processor and exchange is committing to only delist XRP if and when the lawsuit is resolved. Cryptocurrency payments processor and exchange operator Uphold has formally clarified that it will not delist XRP for the time being. As part of an announcement made on Monday, Uphold stated it will not be removing XRP from…
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Altcoins could also see a strong buying interest and may run up vertically if Bitcoin rallies above $30,000. Bitcoin (BTC) rallied from an intraday low at $17,573.29 on Dec. 11 to an intraday high at $29,310.19 on Dec. 31, a 66.78% rally in a short span. This shows strong demand from traders at every higher…
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