Bitcoin’s organic valuation is at an all-time high and it’s a bright mid-term sign

The Bitcoin NVT Ratio is at an all-time high, which indicates that the blockchain network activity is supplementing the price. The metric shows the ongoing rally of BTC is organic, led by genuine retail and institutional demand. The Bitcoin NVT price hits a new all-time high and enters price discovery. Source: Willy Woo Bitcoin’s NVT […]

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Asset manager: MicroStrategy’s $425m Bitcoin bet may become $10b in a decade

Dan Tepiero, the 10T Holdings co-founder, believes MicroStrategy’s $425 million Bitcoin bet could be worth $10 billion in a decade. On September 14, less than two months ago, MicroStrategy CEO Michael Saylor confirmed the purchase of $425 million in Bitcoin. He said at the time: “MicroStrategy completed its acquisition of 16,796 additional bitcoins at an […]

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This newly launched crypto token just pumped 1000% following Binance listing

As the DeFi market’s momentum continues stagnating, return hungry crypto investors have been flocking to presales and new token listings to try to garner massive profits in a short amount of time. However, this has resulted in massive losses due to the frequency of so-called “rug pulls” resulting in investors losing 100% of what they […]

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Top Ethereum whales are HODLing at an “impressive rate,” data finds

Top Ethereum whales are increasingly moving their funds off exchanges, on-chain data show. It demonstrates the confidence of high-net-worth investors in the medium-term trend of ETH. In the past two months, tokens on exchanges dropped by 20.5%, as exchange outflows substantially increased. Since investors typically deposit cryptocurrencies to exchanges to sell, the trend indicates a […]

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Rampant DeFi speculation makes DEXs the undisputed winners of Q3 2020

While it might seem that DeFi reached its bottom during Q3 2020, the sector still closed the last quarter with incredible performance. However, few of its aspects did as well as decentralized exchanges (DEXs) did, according to the latest report form Messari, which saw a significant increase in on-chain trading due to heightened speculation around […]

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Why Filecoin’s hyped token launch was a multimillion “failure”

Decentralized file-sharing project Filecoin launched last week after years of development and a jawdropping $200 million ICO. But critics and miners are calling it a failed launch. Its fees are turning out a pain point—data shows miner prices to use Filecoin network cost over $40,000 (with hosting and maintenance), in contrast to centralized alternatives like […]

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1,000,000 Ethereum would have been burned in the past year if EIP-1559 was live

Ethereum users have faced extreme transaction fees over recent weeks and months. At one point, there were users paying $10-20 just to send ETH and ERC-20 tokens from address to address as the cost of gas spiked to 1,000 Gwei and beyond temporarily. Many have seen high Ethereum transaction fees as something decisively bad for the […]

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Crypto is still “retail dominated,” Zcash has the highest “sentiment” score, and how FTX gained from Blockfolio acquisition

A new report jointly-published by eToro and The TIE explored the cryptocurrency landscape for Q3 2020, finding out long-term sentiment metrics for popular cryptocurrencies and how mergers and acquisitions proved to be the best indicator for future price rises. The TIE, the report’s data source, is a provider of alternative data for digital assets such […]

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Why investors are optimistic after “painful” DeFi correction despite YFI plunge

The prices of decentralized finance (DeFi) darlings Yearn.finance (YFI) and Uniswap (UNI) plummeted in the past week. Despite the DeFi marketwide correction, investors are positive that the pullback occurred. In the past seven days, YFI and UNI declined by by 8.39% and 5.98% respectively. The stagnant short-term trend of the two assets come after a […]

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BitMEX Bitcoin futures have “completely unwound” as platform exodus continues

Recent news regarding the U.S. Commodities and Futures Trading Commission’s crusade against the three co-founders of BitMEX has had grave implications for Bitcoin and the crypto market. Many investors now fear that this marks the start of a fresh round of regulatory scrutiny on the crypto industry from U.S. regulators, which could have far-reaching implications […]

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