Day: April 12, 2021

Enterprise blockchain solutions rally as businesses get hip to crypto

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The mainstream adoption of blockchain technology continues to pick up steam as stories like Microstrategy using Bitcoin (BTC) to pay bonuses for its board of directors and Topps announcing plans to release nonfungible token collectible trading cards make headlines on a almost daily basis.  As more companies and organizations explore what the integration of blockchain technology can do for them, tokens that offer enterprise solutions and provide simple ways for interested parties to explore and use distributed ledger technology have seen triple-digit gains in 2021. XRP/USDT vs. XLM/USDT vs. XDC/USDT 1-day chart.…

TIME Will Invest In Bitcoin and Partner With Grayscale

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Key Takeaways TIME says that it is creating a series of educational crypto videos with the investment firm Grayscale. The company also plans to put Bitcoin on its balance sheet and pay its president, Keith Grossman, in Bitcoin. TIME previously created a series of NFTs and is planning to accept crypto as payment for subscriptions. Share this article TIME Magazine is taking further steps toward crypto adoption, as revealed today by Grayscale CEO Michael Sonnenshein. Three Big Announcements Sonnenshein noted that the company is taking three actions. First, TIME is…

German digital stock exchange will list physical Litecoin ETP

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London-based ETC Group, the firm responsible for listing the first crypto exchange-traded product on Germany’s Xetra digital stock exchange, will offer a new listing for Litecoin. In an announcement today, the ETC Group said its physical Litecoin exchanged-traded crypto, under the ticker ELTC, will be launching on Deutsche Börse Xetra on April 14. According to the firm, the exchange-traded product, or ETP, will be the first Litecoin (LTC) product on the exchange following approval from Germany’s Federal Financial Supervisory Authority, or BaFin. “The current economic uncertainty has underlined the attraction…

New York Stock Exchange Launches First Trade NFTs

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Key Takeaways The NYSE has created a series of six NFTs to commemorate the first trades of various stocks. The lineup includes tokens related to Spotify, Unity, Roblox, DoorDash, Snowflake, and Coupang. The NFTs are listed on Crypto.com’s NFT trading platform. Share this article The New York Stock Exchange (NYSE) has launched a series of crypto collectibles, also called non-fungible tokens or NFTs. Tokens Commemorate First Trades The exchange has created six tokens that commemorate the first listings of publicly traded companies. NYSE president Stacey Cunningham wrote in an announcement:…

Bitcoin Price Closes Record High Weekly, Could Conclude Cycle

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Bitcoin price is currently flirting with prices above $60,000, as the momentum of the ongoing bull market slowly begins to push the asset above the key resistance level. The start of a breakout through resistance might have began with last night’s historic weekly close – the highest ever recorded. However, despite what could be a clean bullish breakout, there’s a bearish factor lingering that could make this the last weekly close the high for some time. Bitcoin Price Closes Record High Weekly Candle Above $60,000 Bitcoin price has poked above…

Bitcoin bulls are confident even as a key BTC price metric hits a new low

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Newer traders might be unaware of this, but investors can also borrow BTC to margin trade a short position, thus betting on the price downside. This is why some analysts monitor the BTC, and USDT total lending amounts to gain insight into whether investors are leaning bullish or bearish. Interestingly, data shows that even as Bitcoin price aims for a new all-time high, the BTC to USDT borrow ratio reached its lowest level since Nov. 20 at OKEx. While this figure still favors bulls, it raises questions about what catalysts…

Coinbase Listing Will Cause “Crypto Gold Rush”, Say ETF Investors

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Key Takeaways Coinbase’s stock listing on the stock market is promoting bullish sentiments around Bitcoin and crypto. Galaxy Digital joins the list of Bitcoin ETF applicants with a registration filling this morning. Finance experts are hopeful for a Bitcoin ETF approval this year. Share this article Coinbase’s COIN stock listing and anticipation around Bitcoin ETF offerings will lead to the next phase of institutionalization of Bitcoin and crypto markets, according to experts.  The Picks and Shovels of Crypto Industry  Coinbase is the first U.S.-based exchange to obtain a green light…

Binance Smart Chain Centralization Levels Spell Trouble for BNB

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Key Takeaways Binance Coin has posted year-to-date returns of over 1,600%, rising to a new all-time high of $640.50. Whales have gone into a buying spree due to the success Binance Smart Chain has had. However, claims over high centralization levels combined with multiple technical sell signals could spell trouble for BNB. Share this article Speculation mounts around Binance as some believe it could become the world’s leading settlement layer. However, new research reveals high centralization levels in Binance Smart Chain, which might affect BNB’s price action. Binance Smart Chain…

Yearn.Finance Adding $100 Million Daily With $2.5B TVL

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Share this article Yearn.Finance has seen astronomical growth in the last few weeks as the protocol’s total value locked reached $2.5 billion. Yearn’s Active Asset Management Is Underrated After bursting onto the DeFi scene in August 2020, the project seems to have truly hit its stride in the last few months. In their most recent weekly update State of the Vaults, they announced they passed the milestone of $2.5 billion locked in their vaults. Total Value Locked in Yearn.Finance passes $2.5B. Graph from Yearn.Finance. Behind this rise in price is…

Why Are Gas Fees So Low? Inside ETH’s Secret Bot Wars

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Key Takeaways Arbitrage bots snipe pending transactions by copying them and adding a higher gas price. This creates gas bidding wars to profit from large transactions, raising gas prices for regular users. The Flashbots team have helped significantly reduce gas fees in recent days. Share this article In Ethereum’s “dark forest,” one brave dev team has taken on the hard task of slaying the arbitrage bots that have spiked gas prices and extracted $370 million from regular DeFi users. The War Against High Gas Prices Gas prices dropped significantly over…