Cryptocurrencies

DeFi integration and layer-2 tech back Matic Network’s (MATIC) 92% rally

The exponential growth of the decentralized finance sector increased activity on the Ethereum blockchain, and this has resulted in slow transaction times and incredibly high fees.  In the last month, Ether (ETH) price has also rallied more than 100%, and gas fees are on the rise again as demand for ETH and a resurgence in …

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Why Is Bitcoin Going Up, and Will It Crash Soon? What’s Next as Price Doubles to $40K

Bitcoin’s prices reached all-time highs above $40,000 less than a month after breaking $20,000 for the first time. Since the start of the most recent rally, ostensibly begun in October, its value has increased fourfold.  So for pros and newbies alike, or if you want to be the cryptocurrency expert at your next Zoom party, …

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Altcoins and stocks move higher after Bitcoin price rally to $40,000

The price of Bitcoin (BTC) hit a new all-time high above $40,000 on Jan. 7 after the price increased by more than $5,000 in less than 24-hours. BTC/USDT 4-hour chart. Source: TradingView.com The $40,000 barrier marks a significant milestone for the top-ranked cryptocurrency. According to Matt Blom, the head of global sales trading at EQUOS: …

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First Mover: $1 Trillion of Cryptocurrencies Shows Booming ‘Asset Class’

Bitcoin (BTC) rose for a third straight day, pushing early Thursday to a new all-time high price above $38,000 and setting bullish traders’ sights on $40,000. “Momentum has been building over time, and it’s anyone’s guess where or when we might eventually top out,” Mati Greenspan, founder of the foreign-exchange and cryptocurrency analysis firm Quantum …

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Israeli Regulator Designates Utility Tokens Issued by Companies as Securities

<div class=”featured_image_container”> </div> <strong>The Israel Securities Authority (ISA) recently ruled that utility tokens issued by companies are securities and, therefore, cannot be classified as assets. The ISA’s decision comes after Israeli tech startup Kirobo sought to convince the regulator that its planned token issuance did not amount to a security offering. </strong> Token Value Growth …

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Blockchain.com follows other exchanges in delisting XRP

Popular wallet provider and crypto trading platform Blockchain.com has announced it will be delisting XRP and suspending its trading next week, following in the steps of Coinbase, Binance.US, OKCoin and others. Although, as of press time on Jan. 6, Blockchain.com’s information on supported crypto assets continues to feature XRP, a blog post published on Jan. …

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AAVE price soars to $123 all-time high as TVL rises and fundamentals improve

As the crypto bull market continues to gain traction, the price of Aave’s native token, (AAVE), is pushing toward new all-time highs. The growth of the decentralized lending platform appears to be bolstered by improving fundamentals, steady growth in the total value locked on the platform, and the creation of a DeFi based crypto-collectibles token …

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Bitcoin could hit $146K long-term by ‘crowding out gold,’ says JPMorgan

Drawing parallels between Bitcoin (BTC) and gold’s role as a hedge for investors has been popular for years. Until now, the stark discrepancy in the total market capitalizations of the two assets has limited these analogies to a significant extent. Gold, even after a major Bitcoin price rise in Dec. 2020, continues to command roughly …

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Colombian Financial Watchdog Says Local Firms Can Use Capital to Buy Bitcoin

<div class=”featured_image_container”> </div> <strong>The Superintendency of Corporations in Colombia has explained in an official note that companies in the country are legally allowed to buy cryptocurrencies, specifically bitcoin (<a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a>), to inject capital as long as they abide by local regulations.</strong> Colombian Watchdog: Local Firms Can Use Capital to Buy Bitcoin …

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CeFi and DeFi will finally meet in 2021 — Let’s hope they hit it off

The decentralized finance industry undoubtedly has vast potential — the value locked in it has exploded, surpassing $14 billion this month. Though there is speculation over whether decentralized finance is yet another bubble, I believe it is here to stay. How it stays, however, is another matter that depends on how DeFi handles ongoing hacks …

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