The Chainbinders game based on a liquid NFT economy has attracted over $5 million in investments over the first two hours of its liquidity generation event. A total of $3.8 million equivalent in the game’s native BND utility tokens were Read More
Daily Bitcoin Transaction Volume Thriving, Nears Milestone $10 Billion
Bitcoin price is booming but there’s still the same old argument that remains: “nobody uses the top cryptocurrency for actual transactions.” While the claim has long been solid due to the asset acting more so as a store of value, daily Read More
DeFi Is Changing: And It’s for the Better | Bitcoinist.com
As the term suggests, decentralized finance is the rapidly growing field of decentralized financial tools and platforms — many of which provide access to crucial services that are scarcely available in many regions. As a rapidly growing industry, the DeFi landscape Read More
Bitcoin Price Breaches $61,000 Ahead of Key Inflation Figures; What’s Next? | Bitcoinist.com
Key Bitcoin Price Outlook The bitcoin price briefly surged above $61,000 on Tuesday. The climb surfaced as a part of an upside weekly session, as traders’ appetite for safe-havens surged ahead of key US inflation data. Technically, the cryptocurrency shied Read More
Unicly To Allow Users To Combine, Fractionalize, And Trade NFTs
Capitalizing on blockchain technology, Unicly is deploying a novel protocol to fractionalize and pool liquidity for NFTs, allowing users to own portions of collections and resell them as fungible tokens. A New Means To Combine And Split NFT Collections Interest Read More
Easy As Pi: Bitcoin Indicator Says The Top Is In
Bitcoin price has finally closed a weekly candle over $60,000 on Binance for the first time in the asset’s history, marking the highest weekly close ever. However, just as such a moment is realized, a highly accurate top-sniping indicator with Read More
Raze Network Kicks Off Initial DEX Offering on Bounce, Poolz and DuckStarter
$RAZE is designed as a utility token to represent participation and accelerate growth in the Raze Network ecosystem Raze Network, a Substrate-based cross-chain privacy protocol for the Polkadot ecosystem, is set to launch its Initial DEX Offering (IDO). Starting today, Read More
Bitcoin Weekly Outlook: Breakout Over $60K Expected on Coinbase Listing | Bitcoinist.com
Key Bitcoin Takeaways Bitcoin flirts with $60,000 for a breakout move. The cryptocurrency is trending inside a classically bullish ‘Ascending Triangle’ pattern. Coinbase’s listing on Nasdaq, US inflation data update this week promises further upside. Bitcoin has endured significant selling Read More
Robinhood Adds 9.5 Million New Crypto Users As Mainstream Adoption Continues | Bitcoinist.com
As cryptocurrencies continue to surge to new highs and bask in the media’s limelight, Robinhood reported major growth in the number of users trading crypto on their platform. According to their blog post, the California-based broker saw its crypto user Read More
CryptoPunks NFTs Get $6M in Bids From a Single Account | Bitcoinist.com
NFTs are here to stay. CryptoArt is hotter than ever.CryptoPunks keep breaking records. As Christie’s auction approaches, the demand for the original NFTs rises. Today, an anonymous and recently created account placed bids worth 3,034 ETH for 16 CryptoPunks. At Read More
Bitcoin Miner Revenue Hits New All Time High Among Other Key Metrics: Potential Bull Case? | Bitcoinist.com
Total Bitcoin miner revenue has been on a steady uptrend since the start of the year, hitting its new all time high on Friday. According to figures from on-chain analytics site Glassnode, miners are now making an aggregate $64 million Read More
Coinbase Reports Incredible Quarter, But Valuations Remain Uncertain: What to Expect | Bitcoinist.com
Crypto exchange giant Coinbase released its earnings for the first fiscal quarter of 2021 ahead of its direct listing on the Nasdaq on April 14. Its revenue skyrocketed to a record-setting $1.8 billion — singlehandedly topping all of last year’s Read More
Bitcoin Investment Firm NYDIG Raises Additional $100 Million | Bitcoinist.com
Crypto investment provider NYDIG raised an additional $100 million in growth capital earlier this week. The new funding round featured MassMutual, Stone Ridge Holdings, New York Life, and Liberty Mutual Insurance, among others as strategic partners. This follows the investment Read More
Over 70% of US investors looking to DeFi in 2021 | Bitcoinist.com
If participating in DeFi doesn’t make you feel like standing at the gates of disruption, just waiting for someone to turn around the key, you’re likely doing it wrong. To contextualize the changes in DeFi over the last year, it Read More
Bank Begins Blocking Shares Of Companies Who Buy Bitcoin | Bitcoinist.com
At the height of the last so-called Bitcoin “bubble” banks began feeling the crunch of coming competition and began blocking transactions related to “virtual currencies.” But as we’ve seen as of late, banks are finally coming around along with the Read More
Bitcoin Miner Riot Blockchain Invests $780 Million to Expand Operations | Bitcoinist.com
Bitcoin mining firm Riot Blockchain announced its milestone purchase of $138.5 million in mining equipment this Wednesday. In a statement, the company announced that it will be purchasing 42,000 units of Bitmain’s Antminer S19J for $3,300 per unit. The standard Read More
Stock-To-Flow Creator: Bitcoin Cycle “Nowhere Near The Top”
Bitcoin price still can’t crack back above $60,000 and prices are slowly moving downward. And while the creator of the popular stock-to-flow model agrees there’s no avoiding regular corrections in the leading cryptocurrency, the top of the current cycle is Read More
Boom for Bitcoin as Macro Analysts Stick to Their Bearish Dollar Calls | Bitcoinist.com
Bitcoin and the US dollar have stopped caring about their inverse correlation heading into 2021. The flagship cryptocurrency closed the first quarter more than 100 percent higher as more and more institutions became accustomed to its safe-haven characteristics. For instance, Read More
Many Bitcoin Analysts Call For Rally Beyond $70,000; Here’s Why | Bitcoinist.com
Bitcoin traders and analysts are sticking to their conviction that the cryptocurrency’s price will hit at least $70,000 in the coming sessions. At the core of their upside outlook lies a classic technical indicator. Dubbed as Ascending Triangle, the pattern Read More
Grayscale Bitcoin Trust to Convert to an ETF, Premium Remains Negative: What’s Next? | Bitcoinist.com
Earlier this Monday, Grayscale Investments announced its plans to transform Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund. Up until recently, GBTC was one of the only investment funds for institutions and retail investors alike. Amidst growing competition, however, the Read More