Archive for January, 2021

Ray Dalio Applauds Bitcoin: It’s an Amazing Accomplishment

January 31, 2021 | By | Reply | 73 Readers More
Ray Dalio Applauds Bitcoin: It’s an Amazing Accomplishment

Faced with growing currency devaluation, institutions are adopting bitcoin as a store of value. Bridgewater Associates’ founder, Ray Dalio, has set aside his skepticism for bitcoin to explore this possibility. Dalio Applauds Bitcoin In a recent newsletter, he expressed his admiration for Bitcoin, stating that its longevity is “an amazing accomplishment.” “To have invented a […]

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ProBit Exchange Retains Its Grip on the IEO Space with Nearly USD 2 Million Raised

January 31, 2021 | By | Reply | 66 Readers More
ProBit Exchange Retains Its Grip on the IEO Space with Nearly USD 2 Million Raised

The text below is an advertorial article that was not written by Cryptonews.com journalists. ProBit Exchange has once established itself as the pacesetter in the IEO space following several successful IEO including a massive USD 1.5 million raise for blockchain of things project SmartKey and another USD 100,000 for decentralized vehicle marketplace Carnomaly, proving that […]

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Institutional Investors Bought Bitcoin From Long-Term Holders In Late 2020: Report

January 31, 2021 | By | Reply | 65 Readers More
Institutional Investors Bought Bitcoin From Long-Term Holders In Late 2020: Report

The narrative that institutional investors drove BTC’s price into the stratosphere in late 2020 received another confirmation from a research paper compiled by the popular exchange OKEx. The company’s document pinpointed Paul Tudor Jones’ endorsement of bitcoin in mid-2020 as the turning point for institutional adoption. PTJ Changed The Bitcoin Game It was early May, […]

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LINK Price Analysis: Chainlink Expects Huge Move Upon Breaking Symmetrical Triangle

January 31, 2021 | By | Reply | 73 Readers More
LINK Price Analysis: Chainlink Expects Huge Move Upon Breaking Symmetrical Triangle

LINK/USD: Short Term Symmetrical Triangle Key Support Levels: $22.4, $22, $20.77. Key Resistance Levels: $24, $24.70, $25.65. LINK started the past week following a strong bullish momentum as it surged to a new ATH price of $25.65 on Monday. However, it failed to close a daily candle above resistance at $24.85 and started to head […]

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Bitcoin Price Analysis: BTC Fails To Break and Loses $2000 Immediately

January 31, 2021 | By | Reply | 68 Readers More
Bitcoin Price Analysis: BTC Fails To Break and Loses $2000 Immediately

The Bitcoin whipsaw continues as it failed to break the marked bearish triangle’s upper angle and immediately dropped by $2000 to hit the $32,500 support, provided by a .382 Fibonacci Retracement level. The outlook for Bitcoin looked promising on Friday following the tweet by Elon Musk. BTC price managed to break out to the bullish […]

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Decentralized identity is the way to fighting data and privacy theft

January 31, 2021 | By | Reply | 69 Readers More
Decentralized identity is the way to fighting data and privacy theft

Decentralized identity is a function of blockchain technology that delivers real-world benefits to users quickly and easily, allowing them to benefit from things such as easier logins, faster credit checks and an overall smoother online experience. The proliferation of websites, e-commerce hubs and social media platforms means we can all have a huge database of […]

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Ripple Formally Responds to SEC Allegations — Claims SEC Picking Winners and Losers, Distorting Facts About XRP – Regulation Bitcoin News

January 31, 2021 | By | Reply | 79 Readers More
Ripple Formally Responds to SEC Allegations — Claims SEC Picking Winners and Losers, Distorting Facts About XRP – Regulation Bitcoin News

Ripple Labs has officially responded to the complaint by the U.S. Securities and Exchange Commission (SEC). Besides explaining that the XRP cryptocurrency is not a security, Ripple accuses the securities regulator of being out of step, picking winners and losers, as well as distorting facts regarding the cryptocurrency. In the court document filed on Jan. […]

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DeFi is the future of banking that humanity deserves

January 31, 2021 | By | Reply | 84 Readers More
DeFi is the future of banking that humanity deserves

Decentralized finance is a form of finance that does not require traditional intermediaries such as banks, brokerages or exchanges. All of the work that would normally be handled by these institutions is instead performed by technological solutions including smart contracts and blockchain. The legacy banking system and DeFi are markedly different. While traditional finance is […]

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Blockstream Buys $25 Million Worth of MicroBT Bitcoin Mining Hardware

January 31, 2021 | By | Reply | 74 Readers More
Blockstream Buys $25 Million Worth of MicroBT Bitcoin Mining Hardware

Popular blockchain company, Blockstream has purchased $25 million worth of MicroBT’s WhatsMiner M30s Bitcoin mining hardware.  Blockstream stated in an announcement that it plans to deploy the hardware across its various mining facilities located in the United States and Canada.  A Top Secret Mining Facility Furthermore, Blockstream disclosed that it would allocate some of the […]

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Ethereum Could Outperform Bitcoin, Why ETH Could Rally To $1,500

January 31, 2021 | By | Reply | 75 Readers More
Ethereum Could Outperform Bitcoin, Why ETH Could Rally To $1,500

Ethereum remains in a range above the $1,300 support against the US Dollar. ETH price is likely to gain momentum above $1,400 and $1,450 resistance levels in the near term. ETH price traded as high as $1,438 and before it corrected lower against the US Dollar. The price is consolidating above the $1,320 support level […]

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