Cryptocurrency Analysis and News Portal
The start of February has brought yet another batch of evidence supporting the notion that the ongoing surge of crypto prices has deep institutional roots. Ignited by market whisperer Elon Musk and his Tesla’s announcement of a $1.5-billion Bitcoin position, the bullish cycle was reinforced by further news coming from
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Three stories1. Tesla invested $1.5 billion of its cash reserves in bitcoin, according to a U.S. Securities and Exchange Commission annual report. The popular auto manufacturer said bitcoin offers “more flexibility to further diversify and maximize returns on our cash.” The company had more than $19 billion in cash and
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The strong advertising revenue comes from Microsoft’s LinkedIn social network. This also indicates a strong uptick in advertisers’ activity leaving the pandemic woes behind.On Tuesday, January 26, Microsoft Corporation (NASDAQ: MSFT) announced its Q4 2020 results exceeding analysts’ expectations. The company announced a solid $2.04 earnings per share against the
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The number of bitcoin automated teller machines (ATMs) across the globe has surged this year amid the coronavirus-induced shift toward contactless payments.Bitcoin ATM installations have increased by 85% to 11,798, outpacing the previous year’s near 50% rise by a significant margin, according to data source Coin ATM Radar.The spike demonstrates
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Aave (AAVE) has rapidly become one of the best-performing crypto-assets over the past few days. From its lows
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Coin Metrics reported the daily number of smart contract calls on Ethereum jumped to 3.11 million – a new record. Source
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Chainlink’s token, LINK, is once again among the most talked-about altcoins, having surged over 370% year-to-date. In July alone, the now ninth-largest crypto by market cap has gained close to 80%, with blockchain analytics firm Santiment identifying LINK as its top-ranked emerging cryptocurrency.Amid the price gains for LINK has come
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Crypto market data analysis firm Santiment has published data suggesting bullish activity surrounding MKR — the token underpinning decentralized finance (DeFi) project MakerDAO.On May 20, Santiment published data indicating bullish divergence between the number of daily active MKR addresses and price action for the token.“$MKR looks to be forming a
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Pre-halving speculation has driven historic volumes of crypto trade, with April 30 producing the second-strongest single day for volume on record according to a report published by market data aggregator, CryptoCompare.Notional volume for BTC options on Chicago Mercantile Exchange, or CME, also tagged a new record in recent days, with
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Interoperable blockchain project Ark (ARK) designated one million ARK valued at roughly $150,000 toward its new development grants program on March 24.While the grant program was launched one week ago, Ark’s Strategic Partnerships Manager, Ray Alvarez, told CryptoX that it has already received proofs-of-concept from developers.The program exclusively funds
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