Cardano

Africa to bring 100 million users to DeFi in three years from now, says founder of Cardano

Charles Hoskinson predicts that the Decentralized Finance sector will acquire 100 million users within the next three years by tapping into the developing world’s market potential. “Who’s actually going to do peer-to-peer loans? Who’s actually going to do peer-to-peer insurance? Who’s actually gonna do peer-to-peer payments? I got news for you, not a guy living …

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Market Wrap: Bitcoin Hovers Around $34.2K While Options Traders Pay Up for Possible ETH Upside

After a record day in spot volume, bitcoin’s price went up, down and back up. Meanwhile, most ether options traders are bearish, some are paying up in case it gets close to record highs. Bitcoin (BTC) trading around $34,278 as of 21:00 UTC (4 p.m. ET). Gaining 3% over the previous 24 hours. Bitcoin’s 24-hour …

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Top 5 cryptocurrencies to watch this week: BTC, ADA, EOS, THETA, AAVE

During an interview with Bloomberg, Grayscale CEO Michael Sonnenshein said that in addition to hedge funds, pension funds and endowments had also started investing in the Grayscale family of products. This suggests that a broad spectrum of institutions are accumulating Bitcoin (BTC). As this trend gathers speed, investment banks have also decided that they do …

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Market Wrap: Bitcoin Blows Past $36.1K While Traders Clamor for Ether Options

Retail buying through PayPal is likely helping push bitcoin’s price higher while traders are hoping to get into an ether options market with potential volatility similar to March 2020. Bitcoin (BTC) trading around $36,122 as of 21:00 UTC (4 p.m. ET). Gaining 5.7% over the previous 24 hours. Bitcoin’s 24-hour range: $33,875-$36,122 (CoinDesk 20) BTC …

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Price analysis 1/6: BTC, ETH, XRP, LTC, ADA, DOT, BCH, XLM, LINK, BNB

Aggressive buying by institutional investors is one of the main reasons for the current Bitcoin (BTC) bull run. Some investors expressed their intent to hold their positions for a few years, but it is also prudent to note that many of these investors have recently developed a love for Bitcoin and their conviction to HODL …

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Market Wrap: Bitcoin Breaks $34K as Ether Futures Interest Jumps $350M in a Day

Higher-than-average spot volume, even for the past month, is helping push bitcoin’s price upward at a time when traders are plowing into ether futures at a quick pace to open 2021. Bitcoin (BTC) trading around $33,987 as of 21:00 UTC (4 p.m. ET). Gaining 8.9% over the previous 24 hours. Bitcoin’s 24-hour range: $29,986-$34,220 (CoinDesk …

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Bitcoin Price Drops 17%, Large CME Futures Gap Filled, BTC Spot Markets Rebound

<div class=”featured_image_container”> </div> <strong>On January 4, 2020, the price of bitcoin slid to the lowest point of the year dropping from Sunday’s high of $33,800 per unit to $27,734 a few minutes after 5 a.m. (EST). In fact, the price dip filled CME Group’s large futures gap after the regulated exchange has seen six consecutive …

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Price analysis 1/1: BTC, ETH, XRP, LTC, DOT, BCH, ADA, BNB, LINK, BSV

Bitcoin (BTC) rallied from an intraday low at $17,573.29 on Dec. 11 to an intraday high at $29,310.19 on Dec. 31, a 66.78% rally in a short span. This shows strong demand from traders at every higher level. Institutional crypto investment giant Grayscale bought 72,950 Bitcoin in December, which was 159.49% more than the 28,112 …

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Market Wrap: Bitcoin Stays in Tight Range but Gains Dominance as XRP Crumbles

The Takeaway Bitcoin (BTC) traded around $23,310 as of 19:00 UTC (2 p.m. ET), slipping 1.3% over the previous 24 hours. Bitcoin’s 24-hour range: $22,644.56 – $23,672.82 (CoinDesk 20) Derivatives market hints at more volatility ahead. With XRP’s sell-off, bitcoin’s dominance of the crypto market increases. Bitcoin prices, Dec. 23 – Dec. 24, 2020.Source: CoinDesk …

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Price analysis 12/18: BTC, ETH, XRP, LTC, BCH, LINK, ADA, DOT, BNB, XLM

Christopher Wood, the global head of equity strategy at Jefferies, has dumped five percent of their physical gold position in order to buy Bitcoin (BTC). This move shows that a growing number of institutional investors consider Bitcoin to be at par or a better store of value than gold. Wood also said that if Bitcoin …

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