Cryptocurrency Analysis and News Portal
Wrapped Bitcoin, the bitcoin-backed token on Ethereum now worth over $2 billion, has seen an increase in burns (or “unwrappings”) by some of its largest users as the Ethereum-based decentralized finance sector continues to cool.BitGo clients like Three Arrows Capital and Alameda Research are exchanging an increasing amount of their
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Ripple retested the $0.7500 resistance level before a sharp decline against the US Dollar, similar to bitcoin and
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Ethereum started a downside correction from the $620 zone against the US Dollar. ETH price is now trading
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Toronto-based Hut 8 reported C$5.3 million (US$4 million) in Q3 mining revenue Thursday, down 43% from the previous quarter, but the bitcoin mining firm reaffirmed its plans to expand its hash power as the price of the cryptocurrency continues to rise. Source
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Ethereum is up 3% and it is trading nicely above $400 against the US Dollar. ETH price is
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Silvergate Bank added $586 million in new deposits from firms and individuals in the cryptocurrency industry in the third quarter of 2020, according to an earnings report released before market-open on Monday.The cost of those deposits dropped from 0.37% down to 0.01% and the bank’s fee income for digital currency
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Ripple corrected lower from $0.2640, but it found support near $0.2510 against the US Dollar. XRP price is
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Bitcoin price traded to a new monthly high at $13,352 before correcting lower against the US Dollar. BTC
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There's still a chance a stimulus package can be passed before the presidential election, but those chances are fading, said the U.S. president. Source
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Bitcoin price started a fresh increase from the $11,260 low against the US Dollar. BTC must settle above
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