Next stop $85K for Bitcoin as analysts predict ‘explosive’ Q4 for BTC price action

Bitcoin (BTC) is heading for at least $85,000 in Q4 this year and could well surpass the $100,000 mark, new research says. In its latest market update on Friday, trading platform Decentrader revealed an unapologetically bullish mid-term BTC price forecast. Next stop $85,000 for BTC/USD Despite BTC/USD being kept below $50,000 this week, on-chain metrics… Continue reading Next stop $85K for Bitcoin as analysts predict ‘explosive’ Q4 for BTC price action

PayPal completes crypto trading rollout for UK customers

PayPal officially announced on Friday that all eligible customers in the United Kingdom can now buy, hold and sell cryptocurrencies using their PayPal accounts. Customers can trade four major cryptocurrencies: Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). As announced previously, crypto trading will only be available to PayPal customers with verified identities.… Continue reading PayPal completes crypto trading rollout for UK customers

Shiba Inu (SHIB) jumps 40% on Elon Musk’s cryptic endorsement, Coinbase listing

Shiba Inu (SHIB) crept up Friday as traders assessed its addition on Coinbase, one of the world’s leading crypto exchanges. The SHIB/USDT exchange rate jumped up to 16.42% to $0.00000950 for the first time since June 29, 2021. The latest move uphill came as a part of an overall bullish trend that started Thursday, wherein… Continue reading Shiba Inu (SHIB) jumps 40% on Elon Musk’s cryptic endorsement, Coinbase listing

Vitalik Buterin makes list of Time magazine’s 100 most influential people in 2021

Time magazine has named Ethereum co-founder Vitalik Buterin one of the most influential people this year, along with musicians, world leaders, activists, and others. Appearing in the list of Time’s innovators for 2021, Buterin is named alongside Nvidia CEO Jensen Huang, Tesla CEO and Dogecoin (DOGE) proponent Elon Musk, and others. In his profile on… Continue reading Vitalik Buterin makes list of Time magazine’s 100 most influential people in 2021

There’s a Bitcoin boom among Baby Boomers, reports BTC Markets

Australian cryptocurrency exchange BTC Markets has observed a significant uptick in older clients using its platform over the past financial year. More older Australians are viewing crypto assets as viable investments, according to data provided by one of the country’s oldest and largest exchanges. In its annual “Investor Report,” BTC Markets, which started in 2013,… Continue reading There’s a Bitcoin boom among Baby Boomers, reports BTC Markets

Bitcoin historical data reveals strategy to pick the right iPhone 13

Bitcoin (BTC) and Ether (ETH) historical data make selecting the right Apple iPhone 13 model quite easy for crypto enthusiasts. Apple unveiled four different smartphone models on Tuesday, the iPhone 13 and iPhone 13 mini, with a new camera layout, as well as the Super Retina XDR display-bearing iPhone 13 Pro and iPhone 13 Pro… Continue reading Bitcoin historical data reveals strategy to pick the right iPhone 13

OpenSea exec used the platform’s influence to pump his own NFTs

An OpenSea executive has been outed for hyping nonfungible tokens he purchased and then featuring them on the homepage of the popular NFT marketplace — a move that presumably allowed him to sell the art pieces for a quick profit. Nate Chastain, who serves as OpenSea’s head of product, allegedly used burner wallets to purchase… Continue reading OpenSea exec used the platform’s influence to pump his own NFTs

Bitcoin has now been above $10K for a whole year

Bitcoin (BTC) has now traded above $10,000 for an entire year, as expectations demand $100,000 before the end of 2021. While hodlers impatiently wait for new all-time highs, BTC price action is celebrating the first of what is likely many anniversaries. BTC/USD: One year in five figures On Thursday, BTC/USD officially hit 365 days trading… Continue reading Bitcoin has now been above $10K for a whole year

Turkish central bank taps local tech firms for digital currency R&D

The Central Bank of the Republic of Turkey (CBRT) has made a major step forward with a research and development project that could see the Turkish lira go digital. On Wednesday, CBRT announced the signing of memoranda of understanding with three domestic research and technology companies that will form the “Digital Turkish Lira Collaboration Platform.”… Continue reading Turkish central bank taps local tech firms for digital currency R&D

2 key Ethereum price metrics back traders’ confidence in $3,800 ETH

According to derivatives markets, Ether (ETH) traders are still confident that there is the chance formore upside even though the 23% correction on Sept. 7 took a hit on prices. Ethereum network congestion also peaked on Sept. 7 when the average transaction fee reached $60, and since then it has remained above $17. As a… Continue reading 2 key Ethereum price metrics back traders’ confidence in $3,800 ETH

3 reasons why Polkadot is en-route to a new ATH even after a 256% rally

The recent 256% recovery by Polkadot (DOT) over the past 56 days has been nothing short of spectacular. Although the price is 23% below its $49.80 all-time high from four months ago, the altcoin’s $39 billion market capitalization has outperformed Ether (ETH) by 66% over the past thirty days. Polkadot is a blockchain network designed… Continue reading 3 reasons why Polkadot is en-route to a new ATH even after a 256% rally

NFT potential takes quantum leap with Koii Network’s new Dynamic NFT standard

In April of this year, an anonymous buyer purchased a copy of Action Comics #1 for $3,250,000 USD — the highest figure on record for a vintage comic book. Published in 1938 and featuring the first-ever appearance of Superman, the comic is one of the last known copies in existence. Prior to the auction, it… Continue reading NFT potential takes quantum leap with Koii Network’s new Dynamic NFT standard

Why Ethereum needs better compatibility, explained

5. The issue can be solved by a new standard based on WebAssembly (Wasm) that addresses this bottleneck in rolling out decentralized apps (dApps). But Wasm isn’t recognized by Ethereum. As mentioned, Wasm is faster than JavaScript development, and the new method is supported by the World Wide Web Consortium (W3C) and is already used… Continue reading Why Ethereum needs better compatibility, explained

Immutable raises $60M for its carbon-conscious NFT platform

Immutable, a layer-two nonfungible token (NFT) protocol built on the Ethereum blockchain, has announced a $60 million Series B funding raise from a multitude of corporate venture firms, including Sam Bankman-Fried‘s Alameda Research and Gary Vaynerchuk’s VaynerFund. The funding round was co-led by gaming investment platform Bitkraft Ventures and venture firm King River Capital. The… Continue reading Immutable raises $60M for its carbon-conscious NFT platform

Zip eyes millennials with planned launch of crypto trading in the US next year

Australian “buy now, pay later” (BNPL) firm Zip, the smaller rival to Square’s recently-acquired Afterpay, is hitching its future growth prospects to the cryptocurrency industry. Zip USA CEO Brad Lindenberg told attendees at the company’s first retail investor day that “The innovation around crypto feels like the internet did in 1995.” The company’s interest in… Continue reading Zip eyes millennials with planned launch of crypto trading in the US next year

Bitcoin bull run expected as ‘exhausted’ bears sell at a loss

Bitcoin (BTC) bears are “exhausted” and are even selling at a loss this week, fresh data confirms. In a tweet on Tuesday, Philip Swift, an analyst at trading suite platform Decentrader, espied an ongoing bullish trend in spent output profit ratio (SOPR). Bitcoin bears run out of FUD SOPR, a classic metric for determining oversold… Continue reading Bitcoin bull run expected as ‘exhausted’ bears sell at a loss

US lawmakers propose adding digital assets to ‘wash sale’ rule and raising capital gains tax

Democrats in the U.S. House of Representatives have proposed tax initiatives to fund a $3.5 trillion spending package which could potentially affect crypto users. According to a document released by the House Committee on Ways and Means on Monday, the proposal would increase the tax rate on long-term capital gains from the existing 20% to… Continue reading US lawmakers propose adding digital assets to ‘wash sale’ rule and raising capital gains tax

Institutional traders flock to Solana as demand for ETH and BTC flattens

Institutional traders have flocked to Solana (SOL) as demand for Ether (ETH) and Bitcoin (BTC) exposure has flattened, with SOL investment products representing a whopping 86.6% of total weekly inflows to crypto investment products last week. According to Tuesday’s issue of CoinShares’ “Digital Asset Fund Flows Weekly,” SOL investment products saw inflows of $49.4 million… Continue reading Institutional traders flock to Solana as demand for ETH and BTC flattens

India’s Income Tax Department may soon target crypto trades and ecosystem

As the Income Tax Department of India reportedly considers taxing crypto traders and crypto exchanges soon, experts believe investors should rest assured. According to ET Now’s report, the tax department, which operates under India’s Ministry of Finance, has signaled interest to tax crypto earnings through trade and exchanges. However, the sources claim that the move… Continue reading India’s Income Tax Department may soon target crypto trades and ecosystem

Sell the news? ADA price drops 10% following Cardano’s long-awaited smart contracts rollout

The price of Cardano (ADA) fell on Monday in line with the other top cryptocurrencies despite the completion of its hard fork upgrade dubbed “Alonzo,” which introduced smart contract functionality. The ADA/USD exchange rate dropped 10.67% to reach its intraday low of $2.30, partly due to profit-taking sentiment among traders following the pair’s 1,200%-plus price… Continue reading Sell the news? ADA price drops 10% following Cardano’s long-awaited smart contracts rollout

BREAKING: Coinbase plans to raise $1.5B via debt offering

Coinbase, the largest cryptocurrency exchange in the United States, is planning to raise $1.5 billion via a debt offering, the company officially announced Monday. The Nasdaq-listed crypto exchange is looking to use the capital raised to further grow the company’s balance sheet for general corporate purposes as well as potential investments and acquisitions of other… Continue reading BREAKING: Coinbase plans to raise $1.5B via debt offering

Bull flag breakout pushes Avalanche toward $80 as AVAX price hits another record high

Avalanche (AVAX) looks poised to hit $80 as per a classic technical pattern after hitting a new high of over $65 on Sept. 12. Dubbed as “Bull Flag,” the structure emerges as a brief sideways/downward trend following a strong price move higher. As a result, Bull Flags tend to look like downward sloping channels, represented… Continue reading Bull flag breakout pushes Avalanche toward $80 as AVAX price hits another record high

New fund aims to put hundreds of millions toward Algorand DeFi growth

Decentralized finance, or DeFi, has developed significantly over the past two years. The Algorand Foundation has unveiled a new fund positioned to allocate money toward certain DeFi projects looking to build on its native blockchain. The pool of capital is called the Viridis DeFi fund and is headed up by the Algorand Foundation — a… Continue reading New fund aims to put hundreds of millions toward Algorand DeFi growth