Ethereum Set To Explode According To Market Dominance, Crypto Analyst

Crypto Analyst Nicholas Merten recently said in a video analysis session on YouTube that Ethereum’s price is poised to explode. Merten pointed out that price analysis really isn’t the reason that the number 2 cryptocurrency is set to explode, but what the market dominance shows that actually shows this. This shows through when the cryptocurrency market dominance is measured. Merten believes that current market trends are very similar to what was done in the market back in 2017. Going back to when the last bull market had started in 2017.…

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Guide to Melbourne – Cointelegraph Magazine

This “Crypto City” guide looks at Melbourne’s crypto culture, the city’s most notable projects and people, its financial infrastructure, which retailers accept crypto and where you can find blockchain education courses — and there’s even a short history with all the juicy details of famous controversies and collapses.   Fast facts City: MelbourneCountry: AustraliaPopulation: 5.15MEstablished: 1835Language: English   Australia’s second-largest city may lack Sydney’s amazing harbor views, but it makes up for it with a focus on art, sports and culture. There are more live music venues here per capita…

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This bullish Bitcoin options strategy targets $50K without risk of liquidation

Long-dated Bitcoin options and bulls still make waves with their ultra bullish bets, but even they must admit that the possibility of (BTC) trading above $60,000 in the next couple of months is dim.  Many traders have added leveraged-long positions via futures contracts to chase after the elusive all-time high, but this seems like an unrealistic outcome. According to Willy Woo, a popular on-chain analyst, exchange outflows and accumulation from BTC miners and whales suggest that Bitcoin price will reach the $50,000 to $65,000 range in the coming sessions. Even…

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Three US Senators propose narrowing crypto tax language in infrastructure bill

Lawmakers have written an amendment to an infrastructure bill in the U.S. Senate which proposes excluding certain crypto companies from the reporting requirements for brokers. In an amendment from Oregon Senator Ron Wyden on behalf of himself and Wyoming Senator Cynthia Lummis and with the support of Pennsylvania Senator Pat Toomey, the U.S. lawmakers suggested that some of the provisions in the bipartisan infrastructure deal not apply to developers in the crypto space, miners, and blockchain firms. Specifically, the amendment proposes the definition of a broker not include anyone in…

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Analysts identify $40K as the make or break it level for Bitcoin price

Optimism from bulls is the leading sentiment of the day after Bitcoin (BTC) price made its way back toward the psychologically important $40,000 level. In addition to the reversal from this week’s local low at $37,500,  Gary Gensler, the chair of the United States Securities and Exchange Commission issued positive comments about the crypto industry and reaffirmed the goal of ironing out fraud in the ecosystem.  BTC/USDT 4-hour chart. Source: TradingView Now that Bitcoin price appears back on the path to $40,000, here’s what analysts and traders are saying about the top…

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Akon’s Akoin pilot heralded a success, eyes countrywide rollout in Kenya

Akoin, the cryptocurrency project developed by Senegalese-American singer Akon, has achieved success in its initial pilot testing at western Kenya’s Mwale Medical Technology City, or MMTC, setting the stage for a national rollout beginning next month. The pilot, which began in November 2020, is expected to pave the way for $5 million worth of transactions per month at MMTC, according to a spokesperson for Mwale Medical Technology City. As Cointelegraph reported, the pilot stage allowed residents to pay and be paid using Akoin and have the transactions converted immediately into…

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How A Hammer & The Golden Ratio Could Mean 6 More Months Of Bullish Bitcoin

Bitcoin price is attempting to get back above $40,000, and with that milestone out of the way, $50,000 and $60,000 next stand in the way between it and another new all-time high. Although things have taken a bearish turn over the last quarter, the next two quarters in Bitcoin could end up being the most profitable yet, if a recurring theme involving a hammer reversal and the golden ratio results in a similar conclusion. Here’s a closer look at the chart and what it could suggest happens from here across…

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Clever user makes $80K profit in CryptoPunk ‘smash and grab’

A crypto user was able to net roughly $80,000 in less than a day after purchasing a CryptoPunk for less than a penny. According to blockchain records made available through Larva Labs, an unknown user purchased CryptoPunk number 3860 for 99 wei — worth next to nothing — earlier today after the artwork featuring a male character smoking a cigarette had sold for 30 Ether (ETH) on Thursday — roughly $69,369 at the time. The user was then able to resell the figure for 52 ETH, or $136,675 at the time…

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State Street-backed Securrency partners with GK8 for custody and institutional blockchain infrastructure

GK8, a cyber security and digital asset custodian, has partnered with fintech company Securrency to provide banking clients with institutional-grade blockchain solutions. The partnership centers around GK8’s enterprise-grade custody solutions, which will be made available to Securrency’s clients as the fintech company continues to build its tokenization infrastructure. Securrency’s main focus is tokenizing real-world assets such as stocks, commodities and other securities. Dan Doney, co-founder and CEO of Securrency, described GK8 as the “most secure custodial solution in the market,” adding: “GK8’s design provides all-around protection and functionality for enterprise-grade…

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Altcoins and DeFi tokens push higher as Bitcoin price falters at $40K

Bitcoin (BTC) price has recovered from its recent $37,500 low and the digital asset’s run back toward the $40,000 mark spurred bullish activity from many altcoins.  Data from Cointelegraph Markets Pro and TradingView shows that the top gainers over the past 24-hours are XYO Network (XYO), Saffron Finance (SFI) and Quant (QNT). Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro XYO/USD In the past 24-hours, XYO Network, a location-based data network that uses blockchain to track and record location information, rallied by 72%. VORTECS™ data…

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