Wed Nov 27 2:43 PM

ADA/USD Analysis: Cardano Is Officialy in DeFi

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By the end of the week Cardano Foundation was streaming back to back important updates. Daedalus has now a better stake pool ranking mechanism and final changes into the 1.24.1 version of the cardano-node were implemented. On December 12, Cardano Foundation announced that it has...

Weekly Recap: Bitcoin and Ethereum Holders Take Profits, Expecting Lower Lows

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Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) weekly price movements.Bitcoin Holders Realize Profits, Pushing Price Down 6.87%Large Bitcoin holders seem to be realizing profits after this cryptocurrency rose to a new all-time high of $19,915.14...

Custody Business around Bitcoin Is ‘Incredibly Successful’, Says Fidelity CEO

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From the time it began Bitcoin mining operation in 2016, Fidelity has been working to bring the future of cryptocurrencies into the legacy world.Fidelity Investments CEO Abby Johnson revealed that it has become hard to track all the developments in the crypto sector since...

Why a Massive 169-Year-Old Insurance Company Just Bought $100M in Bitcoin

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MassMutual becomes the latest announced institutional buyer of bitcoin, and this one could be even more significant in terms of precedent.  For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica,...

First Mover: Stimulus Bet Wins Even as Bitcoin Slips Below $18K

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Bitcoin (BTC) was lower for a second day, slipping below $18,000 to the lowest in almost two weeks.  “The momentum that characterized bitcoin throughout October and November seems to have cooled down,” Matt Blom, head of sales and trading for the cryptocurrency-focused financial firm Diginex,...

Wallets With Over 1,000 Bitcoin Have Hit Record Number: Chainalysis

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The popular narrative that institutional bitcoin investors have been leading the 2020 price rally looks to be backed up by on-chain data. In 2020, the number of wallets – defined as a set of blockchain addresses controlled by a single entity – holding at least...

Why this trader says Ethereum may rally harder than Bitcoin in a new bull cycle

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Bitcoin has started to recover from its drop below $17,600. Traders think Ethereum (ETH) could potentially rally harder than BTC in the next bull cycle.There are three potential reasons why traders might be highly optimistic about Ethereum in the short to medium term.The factors...

JPMorgan calls Bitcoin institutional purchases a “milestone”

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The multibillion US bank has made snide comments about Bitcoin in the past, but its tone is changing.JPMorgan: MassMutual purchase a “milestone”In a recent report to clients last week, JPMorgan analysts said institutional demand for Bitcoin was providing a compelling narrative for the digital...

Binance to Offer Fan Tokens on Their Launchpool with New Strategic Partnership

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By implementing fan tokens, Binance aims to expand the cryptocurrency world to sports fan with this new strategy with Chiliz – a global-trusted blockchain, and fintech project that developed Socios.com.Binance, the world’s leading exchange platform, took a jump into the world of sports by...

Bitcoin Whales Buy Low, Sell High; Retail Investors Chase Rallies: Data

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Newly released data from crypto exchange OKEx gives one possible explanation of how larger holders of bitcoin – or “whales” – were able to influence prices as bitcoin rallied to a new all-time high in November. During that bitcoin run-up, institutions and whales were able...