April 20, 2021

Federal Reserve Bank President: Bitcoin is a Store of Value

President of the Federal Reserve Bank of Dallas Robert Kaplan made some positive comments about Bitcoin (BTC) and central bank digital currencies (CBDCs) at the Texas A&M Bitcoin Conference 2021 hosted by Mays Business School on Friday. Firstly, Kaplan distinguished between what he understood a...

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April 19, 2021

Binance Records Largest Dollar Value Quarterly BNB Burn; $600 million

Last week, Binance released a blog post that it had burned about 1.1 million Binance Coin (BNB) tokens, valued at roughly $600 million, in its most recent quarterly burning event. The event brought the total supply of existing BNB to 169 million from 170 million. Coin burning is a process Binance e...

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April 18, 2021

Bitcoin Sheds $10k, as Cryptocurrency Market Bleeds

The cryptocurrency industry has come under severe selling pressure, as the cryptocurrency market cap plunged by over $200 billion (10.4%) to $2.03 trillion in a few hours. Reports show that a selloff in Bitcoin (BTC) was responsible for the broader market plunge. The benchmark cryptocurrency fell b...

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April 16, 2021

Dogecoin Sees 24-Hour 100% Spike, as Retail Traders and Celebrities Pile On

In an overnight bull run, Dogecoin (DOGE) has recorded a 104% increase over the past 24 hours and has posted a fresh record high at $0.3. The recent value increase has bumped the meme-cryptocurrency to the number eight position (based on crypto market cap), making it more valuable than business gia...

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April 15, 2021

Bitcoin Sheds 5 Percent Following Coinbase IPO

Crypto investors got a shocker from Wednesday’s market price action, following the listing of Coinbase (NASDAQ: COIN) on the Nasdaq. Bitcoin (BTC) suffered a 5% intraday decline, likely because capital moved out of Bitcoin and into COIN or the classic sell the news event played out. BTC bulls...

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April 14, 2021

Ethereum Clears New Record High Ahead of Berlin Upgrade

The second-largest cryptocurrency, Ethereum (ETH), has hit a new all-time high today at $2,402, with its market cap exceeding $270 billion. This jump has placed the cryptocurrency above some of the world’s largest companies, including Intel Corporation. Meanwhile, the ETH rally comes just a couple ...

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April 13, 2021

On-Chain Analysis Shows Massive Bullish Prospects for Bitcoin, as Demand Spikes

As Bitcoin (BTC) breaks a new all-time high, on-chain data suggests there’s a healthy prospect for more bullish moves for the benchmark cryptocurrency. The bullish sentiment gets backing from some fundamental factors, including that institutional investors are still stacking up on BTC long-ti...

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April 12, 2021

Binance Coin Surges, Ahead of Its 15th Token-Burning Event

It has been an unprecedented week for Binance Coin (BNB), as BNB investors win big. At press time, the third-largest cryptocurrency is trading up by 10% on the day and has broken a new record at $586. Binance Coin has gained more than 70% over the past seven days. Today’s rally brings the cryptocur...

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April 11, 2021

Grayscale Acquires an Additional $1B Worth of Bitcoin Announces ETF Plan

Grayscale has announced that it recently acquired an additional $1 billion worth of Bitcoin (BTC) over 24 hours. The recent purchase has brought the investment company’s total assets under management to $46.1 billion. The cryptocurrency-focused investment firm increased its total AUM by about $3 bi...

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