Month: April 2021

Investment bank JPMorgan has published a report explaining why ether is outperforming bitcoin. Citing several key reasons, the firm concluded that “there is evidence of more resilient liquidity, less reliance on derivatives markets to transfer and warehouse risk, and more durable underlying demand base – for now at least.” JPMorgan Says Ether Outperforms Bitcoin JPMorgan
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Huobi Asset Management is looking to be the Grayscale of Asia with the launch of four cryptocurrency related tracker funds. The funds include a Bitcoin Fund, an Ethereum fund, a multi-asset basket of digital currencies, and a private equity fund for mining businesses. The aim is clearly to entice major institutional investors into the space
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Beijing authorities are reportedly conducting inspections of crypto mining data centers to better understand their impact on energy consumption, Reuters reports Thursday. The Beijing Municipal Bureau of Economy and Information Technology on Tuesday sent an emergency notice to the city’s data center operators asking them to report whether they are involved in mining Bitcoin (BTC)
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On April 29 Ether’s (ETH) price rose to another all-time high, boosting its market capitalization to over $320 billion. With the recent rally, Ether’s market cap has overtaken platinum and PayPal to become the 32nd most valuable asset in the world, according to data from CompaniesMarketCap. Ether’s market dominance has risen from 10.79% at the start
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The biggest e-commerce store in Latin America is the latest major company in the region to join the crypto adoption movement. Mercado Libre is now allowing its customers to buy a selected number of properties from real estate agencies with bitcoin. Properties Listed Don’t Offer Alternative Payment Methods Aside From Bitcoin According to the announcement,
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Bitcoin’s (BTC) 2021 performance has been impressive, but traders waiting for a record-breaking monthly candle are likely to be disappointed this week.  After peaking at $64,900 on April 14, a jaw-breaking 27% correction followed, causing BTC price to drop to the $46,000 level. This downside move obliterated more than $9 billion long BTC futures contracts
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Smart contract platform Fantom (FTM) was subject to a 52% price increase leading into Thursday morning following the successful implementation of a new network upgrade. Dubbed “Go-Opera”, the latest upgrade to Fantom introduces a range of technical changes which, according to a recent explainer by the Fantom Foundation, makes the network faster, more efficient and
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Venezuela’s government-backed cryptocurrency is not having the acceptance its cabinet expected, as the latest reports suggest. The petro’s creator, who now lives in exile, wants to build another crypto that gets the adoption its original creation did not in the nation. Jiménez Believed the Petro Could Have Given Venezuelans a ‘Measure of Freedom’ Per a
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Binance’s attempts to bridge traditional markets with the cryptocurrency space in the form of fractionalized stock tokens has drawn the attention of Germany’s financial regulator. The Federal Financial Supervisory Authority (BaFin) warned on Wednesday that the world’s largest cryptocurrency exchange could face heavy fines for launching security-tracking tokens without an accompanying investor prospectus. Binance launched
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