Tags : Big

Cryptocurrency

Morningstar analyst pegs Cardano (ADA) as one of the “big

Morningstar Portfolio Manager Amy Arnott said Cardano, along with Bitcoin and Ethereum, has the potential to form the “big three” of mainstream cryptocurrencies. She pointed out each has its pros and cons. However, Cardano will soon offer the technical applications of Ethereum, but without its extreme volatility. Whereas she claims Bitcoin lacks the ability to […]Read More

Cryptocurrency

Chinese crypto-linked stocks like Meitu see big corrections after Ethereum

Stocks of Chinese publicly listed companies fell sharply today after cryptocurrencies like Bitcoin, Ethereum, and others plunged massively on Wednesday, data from multiple sources shows. Yesterday saw over $8 billion in liquidations (or collateral that is seized by exchanges after asset prices hit a predetermined price level) and over 350,000 trading accounts getting liquidated as […]Read More

Bitcoin

A Big Glitch Appears in Bitcoin Bullish Bias: Rising Rate

There are more traders now that prefer to hold Bitcoin than selling it to realize earlier profits. It is indicative of a major price boom ahead for the flagship cryptocurrency, which has already surged by almost 1,380 percent from its 2020’s nadir of $3,858 (data from Coinbase). Bitcoin Rise to Glory Lower interest rates have […]Read More

Bitcoin

Deutsche Bank report: “Bitcoin is too big to ignore”

Now that the crypto market is worth over $1.8 trillion, Deutsche Bank stated that Bitcoin is “too big to ignore,” according to a report. The report outlines the challenges of Bitcoin becoming a medium of exchange or an asset class. It notes that the inherent volatility of the crypto market will continue to rise and […]Read More

Bitcoin

ShapeShift CEO Erik Voorhees on Bitcoin’s future and Peter Schiff’s

Bitcoin’s rise in 2020 was marked by institutions purchasing the asset as a hedge against global inflation, a bleak economic outlook, and an overall low-yield environment in the traditional finance market. The year 2021 is not far behind in that regard. The first month saw business enterprise firm MicroStrategy conduct its “Bitcoin playbook” conference, a […]Read More

Blockchain

One Big Pool: Balancer’s New Version Cuts Down Transactions and

It doesn’t take a software engineer to understand why the new version of Balancer marks a cool innovation in on-chain trading for Ethereum tokens. Balancer, a non-custodial portfolio manager, is releasing version 2.0, which puts all the assets entrusted to it in one big vault. This should dramatically reduce gas fees for decentralized finance (DeFi) […]Read More

Blockchain

Big Guns Back $10M Investment in DeFi’s dYdX

Trading venue dYdX has raised $10 million in a Series B funding round led by Three Arrows Capital and DeFiance Capital. The platform, launched in 2017, offers a spread of decentralized trading products including both bitcoin and ether derivatives. The San Francisco-based startup plans to use the funds to increase its product offering, further decentralize […]Read More

Bitcoin

Bitcoin frenzy? Coinbase surpassing $9 billion in daily volume shows

The demand for Bitcoin is increasing as the rising volatility shows. Coinbase, the largest cryptocurrency exchange in the U.S., recorded $9 billion in daily volume on Jan. 11. Yesterday, Coinbase, Kraken, and several other exchanges and data providers saw technical difficulties amid record-high trading volume. The explosive increase in the trading volume of Bitcoin led […]Read More