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Why Crypto Veteran Charlie Lee Is Sounding Alarm Against NFT Craze
Wednesday, March 3, 2021 - 12:46am | 656Litecoin (CRYPTO: LTC) creator Charlie Lee, is warning about the frenzy surrounding non-fungible tokens. What Happened: Lee, a former engineer at Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) search unit Google, sounded the alarm on the parallels between the ICO rush of 2017 and the current NFT...
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Ethereum, Other Altcoins Outperform Bitcoin, As Apex Crypto Finds Footing Above $52,000
Wednesday, February 17, 2021 - 11:52pm | 558Bitcoin price (BTC) is trading 5.2% higher over 24 hours to press time at $52,254 late Wednesday. What’s Moving: When the world’s apex cryptocurrency shot above $51,000 late Tuesday it drained the momentum out of altcoins. As of press time, cryptocurrencies besides Bitcoin...
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Fintech Focus Roundup For February 6, 2021
Friday, February 5, 2021 - 5:37pm | 1508'This Is Not The Market Participant's Problem': Volatility Arbitrage Trader Talks GameStop, Market Microstructure, Regulation The dynamics that transpired in GameStop can be traced back to factors like Federal Reserve stabilization efforts and low rates, which incentivize risk taking...
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Ebang Shares Rise On Completing Chip Designing For High Tech Crypto Mining Machines
Thursday, February 4, 2021 - 12:40pm | 151Ebang International Holdings Inc. (NASDAQ: EBON) completed the chip designing for concurrent Litecoin (LTC) and Dogecoin (Doge) mining towards high-performance cryptocurrency mining machines. The blockchain technology company previously declared the launch of its...
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Commission-Free Tastyworks Adds Crypto To Platform For Active Traders
Thursday, February 4, 2021 - 8:08am | 404tastyworks, a brokerage for the active trader, formally announced the launch of crypto trading on its award-winning technology platform. What Happened: tastyworks is a product of tastytrade, a holistic platform dedicated to challenging investors to think and trade strategically. In light of...
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Dogenomics: What's So Special About Dogecoin Anyway?
Monday, February 1, 2021 - 12:54am | 808The interest in Dogecoin is skyrocketing — in fact, it briefly overtook Bitcoin (BTC) in terms of sparking Twitter interest, becoming the first cryptocurrency to do so, as per The TIE. The cryptocurrency surged to an all-time high of $0.0791 on Friday from trading at $0.0077 a day ago, thanks...
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Crypto Market Update: Bitcoin Posts Massive Recovery, XRP Faces Grayscale Setback
Thursday, January 14, 2021 - 1:35am | 460Cryptocurrency markets have staged a smart recovery with the total global market capitalization jumping 10.17% in 24 hours leading to press time, as per CoinMarketCap data. What Happened: Bitcoin (BTC) was up 10.01% at press time at $37,330.57 while Ethereum (ETH) rallied 5.48% higher at $1,105.77...
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As Bitcoin Shoots Past $22K, Analysts Can Already See It Reaching For $30K
Thursday, December 17, 2020 - 3:42am | 590Bitcoin (BTC) traded above the $22,000 level at press time after having crossed the crucial psychological $20,000 mark in the preceding 24-hour period. What Happened: Wednesday’s surge in the apex cryptocurrency led the Grayscale Bitcoin Trust (OTC: GBTC) to close 10.91% higher at $25.81....
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As Bitcoin Again Surpasses $19K, Analysts Eye $20K-Level
Sunday, December 13, 2020 - 12:06pm | 613Bitcoin is going again, reaching $19,000 for the first time since Dec. 7. What Happened: Bitcoin has surpassed the $19,000 mark after it went down on Dec. 7 and bottomed at $17,600 on Dec. 11. It was trading at $19,137.25 as of Sunday morning, Eastern Standard Time, according to data...
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Bitcoin Recovers From Thanksgiving Lows Above $18.5K, Ethereum Flirts With Crucial $600 Mark
Monday, November 30, 2020 - 2:44am | 418Bitcoin recovered to above the $18,500 levels at press-time after plunging as low as $16,351.03 last week on Thursday. What Happened: Blockchain analytics firm Glassnode tweeted Sunday that the mining difficulty for the apex cryptocurrency rose to 8.9%, which is below 4.4% of Bitcoin’s all-...
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As Bitcoin Nears $17K, A Citibank Analyst Projects $300K Levels Next Year
Tuesday, November 17, 2020 - 1:09am | 610Bitcoin traded above the $16,600 mark at press time, having tested the $16,800 level in the trailing 24-hour period. The cryptocurrency touched an all-time high of $20,089 on Dec. 17, 2017. What Happened: Citibank analyst Thomas Fitzpatrick said the apex cryptocurrency may reach $318,000...
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PayPal Cryptocurrency Service Now Available For All Eligible US Users
Friday, November 13, 2020 - 4:52am | 374PayPal Holdings Inc (NASDAQ: PYPL) has made its new cryptocurrency service available to all eligible users in the United States, the company informed customers in an email. What Happened: Last week, during the quarterly earnings release call, PayPal disclosed that only 10% of its users in...
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Pfizer's COVID-19 Vaccine News Throws Bitcoin Rally Off Course
Tuesday, November 10, 2020 - 3:52am | 467Bitcoin traded nearly flat but above the $15,000 level at press-time after going as low as $14,865.33 in a 24-hour period. What Happened: Bitcoin’s price fell by nearly $1,000 on Monday as stocks rallied after Pfizer Inc (NYSE: PFE) said its coronavirus vaccine was 90% effective in preventing...
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Grayscale Adds $300M To Cryptocurrency Assets Under Management In A Single Day
Friday, October 23, 2020 - 4:15am | 424Grayscale Investments assets under management rose by $300 million in a single day on Thursday, according to the company's CEO Barry Silbert. What Happened: The net assets under management of Grayscale grew to $7.3 billion as of Oct. 22. The company’s Grayscale Bitcoin Trust (OTC: GBTC)...
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PayPal's Cryptocurrency Foray Not Ideal But It's Something, Experts React
Thursday, October 22, 2020 - 4:48am | 876PayPal Holdings Inc (NASDAQ: PYPL) on Wednesday announced it is starting to offer cryptocurrency as a form of payment on its platform. The move has invited mixed reactions from veterans of the digital assets space. Not Real Bitcoin: Some experts were left unamused over what they...