Blog: CryptoSlate

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Author Alex Zha, Anthony Foy, BlockDown Interviews, Chris Sealey, Cole Petersen, James Junwoo Kim, John deVadoss, Joseph Young, Josh Li, Lior Messika, Marco Streng, News Desk, Nick Chong, Priyeshu Garg, Raoul Milhado, Ruben Merre, Samuel Wan, Shane Neagle, Shaurya Malwa, Thierry Gilgen,
Stats Has published 609 posts about cryptocurrency

Jan 16 2021

Is Bitcoin price manipulation by whales a real thing?

Jan 16 2021 Published at CryptoSlate under tags  analysis btcusd

The Bitcoin paradox presents something of a predicament. On the one hand, Bitcoin sells itself as a financial equalizer. But at the same time, it's one of the world's most unequally distributed assets. David Lin, of Kitco News, raised this point in discussion with the Director of Research at GraniteShares, Ryan Giannotto. Giannotto agreed with Lin's assessment, calling this one of the...

On-chain data shows millionaires are flocking to Bitcoin…and there isn’t enough for all

Jan 16 2021 Published at CryptoSlate under tags  adoption btcusd investments

Demand for Bitcoin increased multifold in 2020. And on-chain data shows the asset’s limited supply may be causing a rush. The Bitcoin FOMO train Bitcoin, the world’s largest cryptocurrency, saw a push in demand last year amidst a bleak economic outlook, concerns of dollar inflation, weakened fiat currencies,...

Jan 15 2021

These cryptocurrencies are up over 10% today despite Ethereum’s sharp 8% drop

Jan 15 2021 Published at CryptoSlate under tags  altcoins atomusd dotusd sushiusd

Both Bitcoin and Ethereum have faced sharp declines over the past few hours despite the move to $40,000 on Thursday. BTC is down 10 percent in the past 24 hours while ETH has lost around eight percent over that same time frame. This drop comes amid two events: Developments indicate that Mt. Gox's liquidators are close to...

Singapore trading desk explains what is driving the ongoing Bitcoin bull market

Jan 15 2021 Published at CryptoSlate under tags  analysis btcusd

Bitcoin has undergone an extremely strong rally over recent months, despite the ongoing drop. The cryptocurrency, which trades for $36,000, is up around 100 percent in the past six weeks, and even more over the past six months. Other cryptocurrencies aside from BTC have also done well....

Mayor Francis Suarez talks benefits of buying Bitcoin for Miami’s city treasury

Jan 15 2021 Published at CryptoSlate under tags  adoption btcusd

The official has spearheaded progressive technology regulation for the East coast city. And he’s now turning his attention towards Bitcoin. Bitcoin for Miami! Miami Mayor Francis Suarez teased a Bitcoin purchase earlier today, as per a tweet. This was not intended for his personal account, however, with Suarez...

Charles Hoskinson tells Jack Dorsey that Cardano is working on a decentralized social media initiative

Jan 15 2021 Published at CryptoSlate under tags  adausd adoption people technology

Charles Hoskinson, the CEO of IOHK, called on Jack Dorsey not to create a decentralized social media standard within Twitter. He said that Dorsey’s Blue Sky project should be made open-source so that the entire crypto industry can contribute to it. In the exchange, Hoskinson revealed that IOHK was working on a mysterious project that could...

A $400m Ethereum address known as “0xb1” is doing a giveaway to boost DeFi

Jan 15 2021 Published at CryptoSlate under tags  defi ethusd

If you've been following DeFi on Twitter over the past few months, you likely know of the address with the prefix "0xb1." I've tweeted about the address a fair bit. To recap: 0xb1 is the largest yield farming Ethereum address, with around $400 million worth of net worth circulating around in the DeFi space's top yield farms and protocols through dozens of transactions...

Staking Polkadot (DOT) just became easier for institutions

Jan 15 2021 Published at CryptoSlate under tags  defi dotusd enterprise xtzusd

Crypto custodian Fireblocks has announced the launch of new proof-of-stake capabilities on its platform, enabling its 165 enterprise and institutional clients to stake cryptocurrencies. The service rolled out with support for Polkadot (DOT), Tezos (XTZ), and Ethereum 2.0 (ETH) and promises a yield increase ranging between 5 and 15 percent. Fireblocks users can now stake three cryptocurrencies, including Polkadot While cryptocurrency staking is...

Alpha Alarm: The Bitcoin outlook

Jan 15 2021 Published at CryptoSlate under tags  alpha alarm analysis btcusd price watch

This analysis was brought to you by Alpha Alarm, a Substack newsletter featuring daily crypto analysis. You can subscribe here. The market sentiment around Bitcoin is improving once again. Bitcoin strongly recovered from $30,500, solidifying it as a major support area. Oaktree's Howard Marks, who was a...

Gemini’s crypto exchange could join Coinbase in going public

Jan 15 2021 Published at CryptoSlate under tags  analysis btcusd exchanges

Hot on the heels of Coinbase, New York-based rival crypto exchange Gemini could also be going public. Encouraged by a swell tide of interest in crypto, Co-Founders Cameron and Tyler Winklevoss told Bloomberg they are open to the idea. "We are definitely considering it and making sure that we have...

Jan 14 2021

The $1200 U.S. stimulus payment invested in Bitcoin in April is now worth $6,495

Jan 14 2021 Published at CryptoSlate under tags  analysis btcusd

If the recipient of a U.S. stimulus payment in April invested the check into Bitcoin, the check would now be worth $6,495. Since April, in merely nine months, the price of Bitcoin has rallied 441%, posting one of its strongest rallies in recent history. $6495 (+441%)...

DeFi project CREAM surges as Yearn.finance (YFI) announces integration

Jan 14 2021 Published at CryptoSlate under tags  creamusd defi ethusd yfiusd

Decentralized finance project Cream has been the subject of much attention in the past few weeks. Its native token, fittingly named CREAM, is up 40 percent in the past 24 hours alone. Cream is a money market project forked from Compound. The project garnered traction during DeFi summer after it released a yield farming system for its native token CREAM. It quickly became...

Polkadot launches first parachain as DOT price surpasses $12

Jan 14 2021 Published at CryptoSlate under tags  defi dotusd price watch technology

The high-speed blockchain has garnered quite the fan following in the past year. Parachains on Polkadot Blockchain ecosystem and crypto protocol Polkadot saw the launch of its first-ever parachain yesterday, a move that pushed the prices of its DOT token to...

What does the January 15 deadline hold for Tether, the world’s biggest stablecoin

Jan 14 2021 Published at CryptoSlate under tags  btcusd legal regulation stablecoins

Tomorrow is an important date for the issuers of Tether, a USD-pegged stablecoin. But what does it mean? Tether, the crypto heartbeat Tether Limited, the company behind the widely-used Tether (USDT) stablecoin, will submit several documents explaining its legality to the New York Prosecutor’s Office tomorrow, Jan....

Jack Dorsey defends his ban of Donald Trump and advocates for Bitcoin’s model

Jan 14 2021 Published at CryptoSlate under tags  adoption btcusd election 2020 people

The Twitter founder is a known Bitcoin advocate. But a recent action saw his platform getting embroiled in controversy. Why ban Trump? Twitter founder Jack Dorsey took to his platform this morning to explain banning the account of incumbent US President...

Bitcoin surges a day after Grayscale reopens deposits, and it’s not a coincidence

Jan 14 2021 Published at CryptoSlate under tags  analysis btcusd price watch

The price of Bitcoin has recovered strongly overnight, rising from around $34,000 to $38,500. The 10% rally coincides with Grayscale reopening its products. Last month, Grayscale closed its products for new investors. Since Christmas, the Grayscale Bitcoin Trust did not report any additional inflow as a result. The Grayscale Bitcoin Trust is the go-to investment vehicle for institutions in the U.S. to gain...

Why more analysts are starting to expect Ethereum may hit $10k long-term

Jan 14 2021 Published at CryptoSlate under tags  analysis ethusd

More analysts are beginning to believe that Ethereum could achieve $10,000 to $20,000 in the long-term. The $20,000 target was first brought upon during this bull cycle by Real Vision Group CEO Raoul Pal. The industry executive noted that Ethereum is following Bitcoin's growth trajectory based on Metcalfe's law....

Michael Saylor: Bitcoin is a better bet now than tech stocks were in the early days

Jan 14 2021 Published at CryptoSlate under tags  adoption btcusd people

Since charging onto the crypto scene late last year, MicroStrategy CEO Michael Saylor has become something of a Bitcoin poster boy. MicroStrategy became the first public listed company to hold Bitcoin as part of its treasury policy. At the time, the move was met with trepidation from a number of the firm's shareholders. They questioned whether being cash-light, Bitcoin-heavy was the...

On-chain data: Institutional players likely bought Bitcoin’s weekend dip to $30k

Jan 14 2021 Published at CryptoSlate under tags  analysis btcusd

Bitcoin faced a strong dip last weekend and early this week. The cryptocurrency fell from the $42,000 highs set late last week to lows at $30,000 on some spot exchanges. During the move lower, there was a large ejection of leveraged traders. As CryptoSlate reported previously, in excess of $2.8 billion worth of cryptocurrency market futures positions...

Jan 13 2021

DeFi coin THORChain (RUNE) surges 30% following SushiSwap listing

Jan 13 2021 Published at CryptoSlate under tags  altcoins defi price watch thorusd

THORChain (RUNE) is surging higher today after the cryptocurrency joined hands with SushiSwap. THORChain is a cross-chain liquidity protocol that allows investors to trade cryptocurrencies across chains. RUNE is the protocol's native token. RUNE surges after SushiSwap listing RUNE has surged 35 percent in the past 24 hours in spite of the fact that Bitcoin and Ethereum remain in consolidation. The cryptocurrency currently...

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