Nick Chong

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Blog Info CryptoSlate
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Stats Has written 496 posts about cryptocurrency

Feb 17 2021

These 3 Wall Street Billionaires Recently Supported Bitcoin

Bitcoin has undergone a strong surge over the past few months, moving beyond $50,000. The digital asset's rally has largely been driven by a growth in the reputation of BTC as an investable store of value. This shift in the sentiment around Bitcoin has been strong aided by positive announcements about the asset by Wall Street investors. Not everyone on Wall Street is...

Feb 11 2021

Other DeFi-focused networks are surging as Ethereum congestion narrative spurs up

Feb 11 2021 Published at CryptoSlate under tags  altcoins analysis defi ethusd

Ethereum has been facing extreme network congestion once again, which has been made worse by the cryptocurrency's rapidly increasing price. At one point over the past week, it cost over $100 to trade on Uniswap, which caused even larger players—some that you could call "whales"—to lament about...

Bitcoin-focused DeFi protocol Badger joins hands with (YFI)

Feb 11 2021 Published at CryptoSlate under tags  altcoins btcusd defi yfiusd

Badger DAO, a decentralized finance (DeFi) protocol on absorbing bitcoin liquidity on Ethereum, recently announced a partnership with Badger DAO launched in December as a project looking to drive the adoption of Bitcoin (namely tokenized Bitcoin iterations such as WBTC and renBTC) on Ethereum. The project has seen immense traction...

Feb 10 2021

Wall Street Journal commenters lambast $1.5 billion Bitcoin purchase by Tesla

Feb 10 2021 Published at CryptoSlate under tags  adoption btcusd

Yesterday, Tesla shocked the crypto space when the firm was revealed to have purchased $1.5 billion—yes, billion—worth of Bitcoin. As reported by CryptoSlate previously, a filing with the US Securities and Exchange Commission (SEC) said that...

Feb 09 2021

Federal Reserve branch shares paper on Ethereum and DeFi

Feb 09 2021 Published at CryptoSlate under tags  defi ethusd

We've made it. Kind of. A paper regarding decentralized finance—which surprisingly included the term "DeFi"— was recently published to the website of the St. Louis Federal Reserve, a branch of the United States' central bank. Fabian Schär, a professor at the University of Basel who focuses on blockchain and DeFi technologies, wrote the paper. He is a member of the Center for Innovative...

Feb 08 2021

Investors bullish on Ethereum ahead of much-hyped CME futures launch

Feb 08 2021 Published at CryptoSlate under tags  adoption analysis ethusd

The day is finally here—today, depends on how you cut it, the CME Group will be launching a futures market for Ethereum. The CME Group is one of the world's leading financial exchanges, hosting a majority of trade in top commodities, including Bitcoin. The CME Group made crypto headlines in 2017 when it rolled out futures for BTC. As that launch coincidentally marked...

Dogecoin (DOGE) just surged 50% after Elon Musk gave the crypto another bump

Feb 08 2021 Published at CryptoSlate under tags  analysis culture dogeusd people price watch

It appears that crypto's favorite chief executive, Elon Musk, just gave Dogecoin (DOGE) another bump. The Tesla and SpaceX chief executive recently spoke to TMZ, the media outlet, about Dogecoin, while he later tweeted about the meme cryptocurrency. This latest turn of events comes after a rocky past week for DOGE, which surged some 900 to 1,000 percent shortly after it began getting...

Feb 03 2021

2 Key Reasons Why Analysts Expect a Strong Bitcoin Breakout Here

Feb 03 2021 Published at under tags  bitcoin price btcusd btcusdt xbtusd

Bitcoin has finally begun to move higher after much consolidation over the past week. The cryptocurrency trades for $36,000, having moved 3% higher in the past day. The cryptocurrency is likely preparing for a stronger breakout, analysts say. Bitcoin Jack shared that Bitcoin is on the verge of breaking past two key resistance levels on a daily time...

Billionaire Mark Cuban talks about Aave, SushiSwap, and DeFi

Feb 03 2021 Published at CryptoSlate under tags  aaveusd culture defi ethusd people

Billionaire investor Mark Cuban has been under the microscope in the crypto space over the past few weeks as he has started to tweet more about Bitcoin, Ethereum, and now even decentralized finance tokens to his over eight million followers. Cuban has long been asked about Bitcoin, being a prominent investor and a prominent media figure due to his...

Ethereum (ETH) rockets to a new all-time high at $1,500 as altcoin market cools

Feb 03 2021 Published at CryptoSlate under tags  analysis ethusd price watch

After tremendous price surges in decentralized finance coins and many smaller- cap crypto assets, attention is finally returning to Ethereum. The second- largest cryptocurrency by market capitalization is in the midst of shooting higher to new all-time highs as the altcoin market froth starts to cool down. Ethereum currently trades for $1,500 as per CryptoSlate market data, which is a new all-time high by the...

Feb 01 2021

Dogecoin “supporters” turn on DOGE as Reddit-fueled craze ends with 50% correction

Feb 01 2021 Published at CryptoSlate under tags  altcoins analysis dogeusd price watch

For some reason, Dogecoin (DOGE) has been the talk of the town over the past 72 hours. It began shortly after GameStop (GME) peaked this past week. After GameStop hype began to die down largely due to certain trading platforms pausing/restricting GME trading, many on WallStreetBets began to turn...

What Elon Musk said about Bitcoin during today’s packed Clubhouse event

Feb 01 2021 Published at CryptoSlate under tags  adoption btcusd culture people

I don't know about you but around two hours ago, I had my eyes and fingers glued to my iPhone trying to join the latest Clubhouse even with Elon Musk. Unfortunately, I didn't get in. Well, kind of. I quickly found a bootleg stream of the event on Youtube and another on Discord set up by some friends. What happened next was...

Mr. Beast Tweets About Bitcoin to His 10 Million Twitter Followers

Feb 01 2021 Published at under tags  bitcoin btcusd btcusdt mr. beast xbtusd

Bitcoin has done extremely well over the past few months in terms of its price action. The cryptocurrency shot to all-time highs above $40,000 earlier this month. The cryptocurrency now trades for $32,500 after some consolidation following the strong rally. This price action has drawn the cryptocurrency some attention from prominent investors and celebrities. One of the latest prominent names in media to...

Jan 29 2021

DeFi bulls continue to roar as Gamestop (GME) saga continues

Jan 29 2021 Published at CryptoSlate under tags  defi ethusd uniusd

Even the ever-noisy crypto space has been overrun with comments about the Gamestop (GME) saga playing out in traditional finance. For those that don't know, a quick recap: Gamestop, the video game retailer, was short over 140 percent of the stock's float by large hedge funds expecting the stock to go down. Retail investors on WallStreetBets, the famous stock trading subreddit, took notice...

Jan 28 2021

Dogecoin (DOGE) shoots 200% higher as WallStreetBets starts to pick up on crypto

Jan 28 2021 Published at CryptoSlate under tags  analysis dogeusd price watch

Over the past few months, there have been expectations of an extremely strong Dogecoin (DOGE) rally. Each and every bull market/trend over the past half- decade plus now has been marked by an extremely strong rally in the DOGE price. It's a meme-based cryptocurrency of course, though has done really well. This past day, the rally finally began to play out. Per CryptoSlate market...

Jan 27 2021

Bitcoin bull Mike Novogratz: GameStop (GME) rally is an “endorsement of DeFi”

Jan 27 2021 Published at CryptoSlate under tags  btcusd defi people

If you've been following the news at all over the past week, you know of the story of GameStop. The GameStop stock, which trades under the ticker GME, has undergone an extreme rally of over 1,000 percent in the past two weeks, which is somewhat of an unforeseen event in financial markets. The long and short of it is that Wall Street fund...

What were investors thinking as the Bitcoin price slipped under $30,000?

Jan 27 2021 Published at CryptoSlate under tags  analysis btcusd price watch

Bitcoin's price slipped under $30,000 a few hours ago as selling pressure began to pick up across top exchanges. This came after BTC attempted to push past the $33,000-34,000 resistance region on Monday. The cryptocurrency has since bounced after slipping under $30,000, bottoming in the $29,500 range that Bitcoin bottomed over seven days ago....

Jan 26 2021

Breaking down the DeFi airdrops that netted Ethereum users an average of $20,000 in 2020

Jan 26 2021 Published at CryptoSlate under tags  defi ethusd

I'm not too sure about you guys but one of the most fascinating things I've seen in DeFi is airdrops. In 2017, airdrops were all the rage. But often the case, all users did was dump them, and most of the time, they weren't worth all too much. But this has changed with the introduction of decentralized finance. Airdrops have become extremely sizeable...

Former Goldman Sachs exec Raoul Pal: Bitcoin price could hit $50,000 by March

Jan 26 2021 Published at CryptoSlate under tags  analysis btcusd

Bitcoin has finally begun to cool down after an extremely strong rally in December and early January. After peaking at $42,000 earlier this month, the cryptocurrency has settled toward $31,000, which is over 25 percent off those highs. Analysts remain confident that this malaise won't stop the trajectory of the market in the medium to long term, with investor...

Jan 25 2021

Chainlink (LINK) surges as Grayscale CEO hints at upcoming unknown announcement

Jan 25 2021 Published at CryptoSlate under tags  analysis linkusd price watch

Chainlink (LINK) is bumping higher on Sunday and Monday morning as the altcoin market has begun to rip higher. The seventh-largest cryptocurrency is up five percent in the past 24 hours, making it the top-performing altcoin in the top 10 by market capitalization. LINK is currently trading at all-time highs, having broken out of its...

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