Bitcoin’s price saw a massive upswing overnight following news regarding Tesla’s purchase of $1.5 billion worth of BTC to add to their balance sheet This represents 10% of the company’s total cash balance, which is significant considering its size Naturally, this news riled investors and caused hundreds of millions of dollars worth of short-sided liquidations…
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Bitcoin exploded to a new record high on Monday after Tesla revealed that it had purchased around $1.5 billion worth of the cryptocurrency in January. The flagship cryptocurrency reached $44,900 ahead of the New York opening bell, pointing to extended gains as traders rejoiced the entry of the Wall Street’s fifth-largest firm into the cryptocurrency…
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Elon Musk’s Tesla invested $1.5 billion in Bitcoin, according to its latest filing with the US Securities and Exchange Commission. The American vehicle giant reported that it changed its investment policies in January 2021 to “further diversify and maximize returns” on the cash it did not require for operational liquidity. It later sought approval from…
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AAVE has emerged as one of the most profitable cryptocurrencies entering the new week as Bitcoin’s bullish momentum pauses after a weekend sell-off. The second-largest decentralized finance token surged 11.36 percent, or $22, to an intraday high of $522.74, confirming a bullish reversal following its 28 percent drop from its record high near $547. AAVE’s…
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Behold the mighty strength of DAO Maker. After recently celebrating DAO Maker’s 3rd anniversary, we have decided to no longer let you wait. Our loyal community and follower-base anticipated DAO Maker’s token launch for years and we are ready to serve the public demand. Following the smashing success of Orion Protocol, DAO Maker is throwing…
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“Gaming will be the first killer app to take blockchain mainstream.” So says Joshua Galloway, CEO & Founder of Lepricon, a prediction gaming platform set to launch later this year. He may be right. There is explosive growth in the decentralized finance ecosystem, and cryptocurrencies have long surpassed their existence as a means of payment…
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Chainlink (LINK) traded to a new yearly high near $27.00 before correcting lower, similar to bitcoin and Ethereum. The price is now holding a major support at $24.00 and the 100 SMA (H4). Chainlink token price started a downside correction from the $27.03 high against the US dollar. The price is well bid above the…
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Ethereum started a downside correction and traded below $1,600 against the US Dollar. ETH price found support near $1,487 and it is currently recovering losses. Ethereum started a downside correction below the $1,650 and $1,600 levels. The price is now trading below $1,650 and the 100 hourly simple moving average. There is a key bearish…
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Bitcoin price started a downside correction from the $41,000 zone against the US Dollar. BTC is struggling to stay above $38,000 and it is likely to continue lower. Bitcoin failed to stay above the $40,000 pivot level and started a fresh decline. The price is struggling to stay above $38,000 and the 100 hourly simple…
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The IOHK CEO Charles Hoskinson gave his perspective on why Cardano will outshine Ethereum 2.0. In an interview with Ben Armstrong, AKA Bitboy Crypto, Hoskinson spoke about Cardano having a simpler and more robust design than Ethereum. What’s more, he doubts whether this added complexity will result in higher throughput, better scalability, and more security…
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