Category: Crypto
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Crypto Comprehension Study: 98% of People Don’t Grasp Basics of Bitcoin, Stablecoins or NFTs
How much do you know about cryptocurrency? If the answer is, “Not a lot,” you’re not alone. A recent survey of 1,000 people across the U.S., Mexico and Brazil showed that 98% of people don’t understand basic crypto concepts. For instance, 90% didn’t know that the Bitcoin supply is capped at 21 million. Equal numbers didn’t…
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Who’s new in the crypto market competition in October?
Following a volatile September, the crypto market rebounded to an all-time high in October, with DeFi’s TVL exceeding $250 billion and BTC pushing past $66K. DeFi TVL Change Data source: Footprint Analytics But with all eyes on rising token prices, it was easy to miss some trends and announcements that look likely to impact the market…
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Jefferies’ Wood Urges Banks to Embrace Blockchain, Add More Bitcoin Exposure
Banks should focus on blockchain technology and investors should increase their bitcoin holdings while trimming gold exposure, according to Jefferies Global Head of Equity Strategy Christopher Wood. “This concept of how [blockchain] has begun to eat conventional finance is why all banks should be focused on the technology to see how to try and profit…
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Joe Rogan reportedly accepts $100,000 BTC payment
American podcast host Joe Rogan has agreed to be paid $100,000 in Bitcoin. Rogan has already signed a $100 million deal with Spotify for exclusive rights to his podcast, but has now negotiated to be part-paid in crypto as well. Rogan has been known as a crypto advocate since he urged his audience of 200…
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Federal Reserve to Taper Money Printing That Fueled Bitcoin Bets
The U.S. Federal Reserve announced plans to taper its $120-billion-a-month in bond purchases, taking the first step toward winding down a post-coronavirus money-printing program that has inspired many investors to buy bitcoin as a hedge against inflation. The Fed said Wednesday in a statement that it will reduce the pace of asset purchases by $15 billion a month…
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Sen Toomey blasts stablecoin bank idea as crypto regulation debate heats up
Senator Pat Toomey, ranking member of the Senate Banking Committee, says he’s not on board with the Biden administration’s proposal to regulate stablecoin issuers as banks, as Capitol Hill moves to adapt existing securities law to accommodate the booming cryptocurrency sector. The President’s Working Group on Financial Markets earlier this week recommended that Congress come up…
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Ethereum booms on NFT interest, crypto investors hunting ‘metaverse money’
Ethereum (ETH-USD) set a new record high for yet another consecutive day on Thursday, riding at least two macro themes entrenching themselves within the cryptocurrency sector. The second-largest cryptocurrency traded above $4600 before paring those gains, but has logged record highs over the past week — thanks in part to the rising popularity of non-fungible tokens…
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Billionaire Tom Steyer: This type of bitcoin venture is a ‘disaster’ for the environment
While business and world leaders have struck new agreements on the energy transition at the COP26 climate summit in recent days, bitcoin (BTC-USD) has sustained a sky-high price above $61,000. But concern over the energy-intensive process of bitcoin mining, which requires high-powered computers sometimes deployed on an industrial scale, has drawn scrutiny to the environmental…
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Bitcoin Price Prediction – A Breakout from $63,500 Would Be Needed to Deliver $68,000 Levels
It’s been a broadly bearish morning session for Bitcoin and the broader market. At the time of writing, Bitcoin, BTC to USD, was down by 2.39% to $61,397.0. A mixed start to the day saw Bitcoin rise to an early morning high $63,067.0 before hitting reverse. Falling well short of the first major resistance level at…
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Bitcoin hit as Fed begins tapering
The bitcoin (BTC-USD) price swooned on Thursday in London as investors digested the news that the US Federal Reserve plans to taper its $120bn (£88bn)-a-month in bond purchases. This marked the first tentative steps towards winding down its post-COVID money-printing programme that had spurred on many crypto bets — with investors buying bitcoin as a…