Share0 S&P Dow Jones Indices (S&P DJI), a joint venture between S&P Global, the CME Group and News Corp, will debut cryptocurrency indexes in 2021, it has confirmed. In a press release on Dec. 3, S&P Dow Jones Indices described Bitcoin and altcoins as an “emerging asset class.” Bitcoin and altcoins hit Wall St. finance… Continue reading S&P Dow Jones launching crypto indexes in 2021 – Coinmk.net
Some bitcoin selling on Friday caused its price to decline. Ether options traders appear less inclined to place bets on the asset’s price, as evidenced by lower Deribit volume. Bitcoin (BTC) trading around $18,975 as of 21:15 UTC (4:15 p.m. ET). Slipping 2.1% over the previous 24 hours. Bitcoin’s 24-hour range: $18,717-$19,556 BTC below its… Continue reading Market Wrap: Bitcoin Dips Below $19,000 as Ether Options Volume Drops – Coinmk.net
Share0 The path of least resistance for bitcoin is on the higher side, and the cryptocurrency could more than double from its current value in 2021, according to Bloomberg analysts. “Bitcoin will maintain its propensity to advance in price into 2021, in our view, with macroeconomic, technical and demand [versus] supply indicators supportive of $50,000… Continue reading Bitcoin Price Could Hit $50K in 2021, Bloomberg Analysts Say – Coinmk.net
Share0 Two announcements from Huobi Global on Friday indicate that the cryptocurrency exchange is angling to become a key player in the growth of the Polkadot network. In a pair of blog posts, the Seychelles-based exchange announced a Polkadot Sponsorship program, as well as a $5 million Tether stablecoin fund from the Huobi Innovation Lab… Continue reading Huobi Global looks to become key player in Polkadot ecosystem – Coinmk.net
Less than a week ago, bitcoin’s price set a new all-time high at $19,920.53. However, the oldest cryptocurrency is still struggling to break above the $20,000 level. The reason that milestone remains elusive, according to analysts and traders, is simple: There are too many sell orders very near the $20,000 level because some bitcoin holders… Continue reading Psychology, Sell Pressures Keep Bitcoin Below $20K – Coinmk.net
Share0 Polkadot has become the latest Ethereum competitor to launch a decentralized finance alliance. Announced on Dec. 3, the alliance aims to overcome the decentralized nature of the Polkadot ecosystem, providing a platform for its community to discuss using the Polkadot Network and its underlying Substrate technology stack for DeFi. Oracle network Chainlink is among… Continue reading Polkadot launches DeFi alliance with Chainlink and will let 1000 nodes bloom – Coinmk.net
Cryptocurrencies are commonly known for being a store of value, but as the blockchain space continues to mature, utility tokens are being created that extend their benefits beyond mere financial gains. Scott Gralnick, director of global partnerships for ShapeShift — a Swiss cryptocurrency exchange — told Cointelegraph that cryptocurrency can help launch Web 3.0 as more… Continue reading Multi-utility tokens to enable Web 3.0 by providing more than financial value – Coinmk.net
Share0 Coinbase, the United States’ largest cryptocurrency exchange, announced that it facilitated one of the largest institutional Bitcoin (BTC) purchases in 2020. According to an official announcement, Coinbase was selected as the primary execution partner for MicroStrategy’s $425 million purchase of Bitcoin in September 2020. Brett Tejpaul, head of institutional sales at Coinbase, provided more… Continue reading Coinbase executed MicroStrategy’s $425M Bitcoin purchase in September 2020 – Coinmk.net
Share0 In an interview with economist Marc Friedrich, MicroStrategy CEO Michael Saylor said that Bitcoin is not the same as it was in 2015 or 2017. According to Saylor, the arguments against Bitcoin (BTC) that were relevant four years ago are no longer applicable. Bitcoin monthly chart (Coinbase). Source: TradingView.com How is Bitcoin like Lebron?… Continue reading Here's why Bitcoin is like 'Lebron James,' according to MicroStrategy CEO – Coinmk.net
Bitcoin was lower, pushing prices back down below $19,000 toward where they started the week. Digital-asset traders have been speculating whether prices would quickly breach $20,000 after the cryptocurrency surged earlier this week to a new all-time high of $19,920. But so far the market hasn’t been able to carry through. “In the short run,… Continue reading First Mover: Bitcoin Below $19K and Customers Flee OKEx – Coinmk.net