2 Key Reasons Why Bitcoin Bulls Expect Further Upside

Bitcoin has seen strong gains over the past seven days. According to CoinGecko, the leading digital asset is up 16% in the past seven days, outperforming Ethereum and a number of other digital assets. Despite this strong rally in the price of the leading digital asset, analysts are expecting further gains in the weeks ahead. Here are a few reasons why this sentiment has been shared about Bitcoin. Related Reading: Wall Street Veteran Kickstarts Own Bitcoin Fund With $25m Investment #1: Bitcoin Is Seeing Strong Corporate Demand Bitcoin is seeing…

Venus (XVS) rallies 900%, TVL hits $3.54B after Binance Smart Chain launch

As decentralized finance continues to increase it hold on the wider cryptocurrency market, Binance Smart Chain (BSC) is beginning to emerge as a suitable option for traders looking to escape from high transaction fees on the Ethereum (ETH) network.  With more attention being paid to BSC, DeFi projects operating on the chain have also seen an influx of buying activity in recent weeks as token holders rush to supply liquidity for recently launched protocols. One such project is Venus (XVS), an algorithmic money market and synthetic stablecoin protocol designed specifically…

Congress is blaming Robinhood, not Reddit

Vlad Tenev, Robinhood’s CEO, very much occupied the hot seat in today’s hearing before the House Financial Services Committee over January’s market volatility.  None of the representatives seemed particularly interested in putting the screws to Reddit CEO Steve Huffman, and many seemed to give Keith Gill the same props the rest of us did. These aren’t the market manipulators you are looking for Gill, in all fairness, was the most likeable character involved, introducing his remarks by saying “A few things I am not: I am not a cat and…

Riot Blockchain stock plunges 20% following parabolic rally

Shares of crypto mining company Riot Blockchain (RIOT) plunged on Thusday, giving back a portion of a parabolic rally that was largely driven by news of a major boost in hash rate capacity.  RIOT fell 20.4% to close at $62.03 on Thursday but was moving slightly higher in after-hours trading. At current values, RIOT has a total market capitalization of $4.2 billion, making it one of the largest companies in the blockchain industry. The sharp pullback follows a more than doubling in price between Feb. 10 and Feb. 17. The…

Bobby Lee standing by prediction for massive BTC peak in December

Crypto expert Bobby Lee’s early predictions on the price of Bitcoin have proven to be quite accurate during the latest bull run. In a tweet from December 2018, the Ballet crypto wallet CEO and founder said that the next Bitcoin (BTC) rally would start in late 2020, take off in early 2021, and follow with a peak in December. The recent bull run which started last year has seen the price of the crypto asset pass its previous all-time high price of $20,000 in December and $30,000 the following month.…

Key Ethereum price metric signals pro traders are skeptical about $2K ETH

In the last 24-hours, Ether (ETH) rallied above $1,900 to a new all-time high and this breakout reflects a strong 45% gain for just February alone. Aside from Ether following Bitcoin’s (BTC) bullish momentum, the move has been partially fueled by the news that BlackRock is considering future cryptocurrency investments and Microstrategy’s $900 million convertible notes offer to buy more Bitcoin. Ether / USD prices at Coinbase. Source: TradingView The growing popularity of decentralized exchanges (DEX) has also been a huge booster of Ether price and earlier this week Uniswap reached $100 billion in…

Kendall Jenner Accused of Appropriation – She’s Now a True Kardashian – CCN.com

Kendall Jenner just announced her new tequila brand, 818 tequila. The model is already facing quite a backlash for it as social media users are accusing her of cultural appropriation. She now joins a long lineage of tone-deaf history from the Kardashian crew. Kendall Jenner is releasing her own tequila brand, and the world is not ready. And by ‘not ready,’ I mean they don’t want it—ever. At least that’s the vibe on social media as people have been quick to call Jenner’s latest endeavor ‘cultural appropriation.’ And we can’t…

Binance Coin (BNB) Sets Record For Largest Monthly Candle Ever

One after another, cryptocurrencies like Bitcoin and Ethereum have been breaking out and above their former all-time highs, causing a surge of FOMO and price discovery to follow. The latest coin to do so, is exchange token Binance Coin (BNB), which has now set a record for its largest monthly candle – dollar for dollar  – in its short history. Here’s a closer look at a price chart that is surely a sight to behold. Binance Coins Sets Record For Largest Monthly Candle, Dollar For Dollar Binance Coin is the latest…

Debut Canadian Bitcoin ETF nears $100 million in volume in first few hours of trading

The first Bitcoin ETF in North America, TSX’s Purpose Bitcoin ETF. had a gangbusters debut today trading nearly $100 million in volume.  A Bloomberg Law report noted that the ETF saw over $80 million in volume in the first hour of trading, though it’s since slowed significantly with roughly another $15 million in volume between BCTCC.B, the Canadian dollar-denominated units, and BTCC.U, the American dollar-denominated ticker. As of publication, BTCC.B has traded 7,905,000 units priced at $10.28, and BTCC.U 1,312,000 units at $10.27. In a press release today, ETF provider…

Harmony (ONE) gains 230% after Ethereum network integration

Since the start of February, Harmony (ONE) has rallied by 230% and while the proof-of-stake smart contract platform benefited from Ethereum’s skyrocketing gas fees, the recent meteoric rise appears to be driven by more fundamental factors. Harmony (ONE), ATOM, SOL, NEAR, OMG at Binance. Source: TradingView Although other scaling-focused solutions such as Cosmos (ATOM), Solana (SOL), NEAR, and OMG also rallied during the same time period, Harmony’s performance stands out. Harmony is a sharding protocol with a trustless Ethereum bridge that separates the chain into segments that process transactions and…