Nine Bitcoin Charts Already at All-Time Highs
Buckle up. Bitcoin's price is getting closer to the $20,000 mark...
Since our last issue, BTC has climbed +13.5% to just under $18k per coin – a level Bitcoin’s price has closed above for only 3 days in its entire history. To put it simply, we're approaching unchartered territory.
We've said it time and time again: This bull run is fundamentally different from 2017's. If you still don't believe us: Here's your proof, courtesy of Nic Carter.
A couple more eye-popping headlines: The number of Bitcoin addresses created in one hour has reached a high last seen in early 2018. (One of natures immutable laws strike again: People will always buy high and sell low)
BTC balance on exchanges keeps going lower. (Previous price peaks have coincided with Bitcoin flows into exchanges. Not this time.) |
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Paypal Crypto Goes Live
PayPal originally instituted a waitlist for its crypto services. Now, it's opened the floodgates.
Last week, the payments giant announced that all of its U.S. users can now buy, hold and sell crypto (only BTC, ETH, LTC, BCH are available) on its platform. Additionally, PayPal users in the U.S. can use these cryptocurrencies to buy things at any of its 26 million merchants around the world. Those merchants won't receive cryptocurrencies as PayPal will convert the crypto at the point of sale.
The firm also increased the amount of crypto that users can purchase in a week up to $20k.
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Is DCG Best-Positioned to be The Next Big Crypto-IPO?
Over the years, there have been talks about Coinbase and BlockFi potentially taking the big step forward by filing for an IPO. Now, according to Messari, a third party may soon throw their hat into the crypto IPO mix: Digital Currency Group (DCG).
DCG has been around for over 5 years and has developed or acquired corporations such as Genesis Global Trading, Grayscale Investments, CoinDesk and International retail exchange, Luno.
While discussions over an IPO have not been raised publicly from DCG, Messari's report crunched the numbers indicating that the company presents a strong case for a successful IPO in the near future.
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Do This Before Biden Takes the White House
With Biden and his team about to take office, don't miss out on what could be the #1 money move you should make.
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Addressing Persisting Bitcoin Criticisms
As new investors begin to flood into crypto, and individuals such as Ray Dalio and Jamie Dimon continue to talk poorly of crypto, it's time to address some of these criticisms head on.
First up, we have Lyn Alden, who just published 7 misconceptions about Bitcoin. Lyn tells her Bitcoin story and addresses some of the most common questions potential inventors have.
Then, we have Ria Bhutoria, the Director of Research at Fidelity Digital Assets reviewing and responding to criticisms and misconceptions that continue to come up.
Of course there is some overlap, but both are important reads.
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The State of DeFi Tokens
Another week, another monster report from CoinMetrics. This week, the team explores the rapid rise of DeFi tokens and the current state of DeFi’s market cap and usage.
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🏴 Bank of England’s Chief Economist: Digital Currencies May Mitigate the Need for Negative Interest Rates
As the Bank of England mulls over whether or not to institute negative interest rates, Andy Haldane, the chief economist at the Bank of England, has said digital currencies could mitigate the need.
In other news, the UK Treasury is set to publish a draft on stablecoin regulations.
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Chainalysis Launches Asset Realization Program for Government Agencies and Insolvency Practitioners
On the heels of the largest ever seizure of digital assets by the U.S. government last week, blockchain analytics firm, Chainalysis is launching a new service to help authorities track, custody and sell cryptocurrencies associated with crime after their capture.
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Incoming Senator Discusses Bitcoin as a Store of Value
Cynthia Lummis, Wyoming’s incoming U.S. senator, said in an interview Tuesday the key items on her agenda include working to reduce government debt and explaining Bitcoin (BTC) to her colleagues when she is sworn in early next year.
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Other Articles You May Enjoy |
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The top 3 crypto fantasy sports games have amassed combine sales of over $10m with nearly half from peer trading. Thread 🧵
Blockchain startup raises $12M Series A to turn brands into cellular networks
Zcash (ZEC) undergoes first halving as major upgrade drops ‘founders reward’ |
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