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Crypto Markets Turn Red After Amazon Denied Reports of Accepting BTC (Market Watch)

Crypto Markets Turn Red After Amazon Denied Reports of Accepting BTC (Market Watch)

July 27, 2021 , , , , , , , , , Eddy 0

The past couple of days were particularly turbulent in the cryptocurrency market. This was largely propelled by Bitcoin’s rally, as the cryptocurrency managed to surge as high as $40,580 yesterday, before tumbling to where it’s currently trading at around $37,300. Bitcoin Price Pulls Back Following Amazon’s Statement Over the past few days, Bitcoin is on […]

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Binance NFT to tokenize Leonardo-da-Vinci & Van Gogh’s artwork

July 27, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Binance NFT platform has partnered with The Hermitage – one of the largest museums in the world, to tokenize artworks preserved at the museum. Binance announced yesterday that NFTs will be auctioned on its native marketplace at the end of August 2021. The collaborative NFT project is called, “Your token is kept in the Hermitage”, […]

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GBTC Premium Rebounds Sharply With Bitcoin (BTC) Price Rise, Whale Buying Continues

July 27, 2021 , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

On Monday, July 26, the Bitcoin (BTC) price registered a strong recovery on its way to $40,000. This price rebound happened through a short squeeze with over $600 million in short positions getting liquidated in an hour’s time. As a result, the Grayscale Bitcoin Trust (GBTC) premium registered a sharp rebound. Moving closer to the […]

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Bitcoin (BTC) Price Falls 8% as Amazon Denies Bitcoin Payment Plans

July 27, 2021 , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin price topped $40,000 to record a new monthly high of $40,499 earlier today before tumbling 8% to a daily low of $36,441. The top cryptocurrency is currently trading at $37,141. The price pump yesterday followed by an 8% decline is being attributed to Amazon’s Bitcoin payment news. Yesterday, a majority of media outlets reported […]

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Goldman Sachs Files for a Defi and Blockchain Equity ETF

July 27, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

The asset-management arm of the global investment banking giant Goldman Sachs has filed for a new crypto ETF based on securities of crypto-related companies and Defi protocols. The new ETF will be called Innovate Defi and Blockchain Equity ETF. As per the SEC filing on Monday, the firm would invest at least 80% of its […]

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Bitcoin, Dogecoin Price Analysis: July 27, 2021

July 27, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Bitcoin price spirals to $36,000 as bulls seek formidable support to launch attack mission at $40,000. Dogecoin price barely holds at $0.2 after rejection from $0.233. Following the remarkable gains at the beginning of the week, crypto assets have gradually sunk into the red. Corrections from the weekly highs are dominant, especially among the top […]

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Tesla Reports $23 Million Impairment From Its Bitcoin Holdings

July 27, 2021 , , , , , , , , , Eddy 0

Tesla, Elon Musk’s electric car manufacturer, released its quarterly earnings results, reporting more than $1 billion in profits for the first time since its launch. It’s not all fun and games, though. To the delight of Elon’s crypto Twitter fans-turned-haters, Tesla’s investment in Bitcoin made it $23 million in losses after the markets crashed during […]

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Not Yet: Amazon Denies Rumours on Plans to Accept Bitcoin

July 26, 2021 , , , , , , , Eddy 0

An Amazon spokesperson has said that the earlier reports of the company planning to accept Bitcoin and to investigate the issuance of its own token next year are false. Previously, a report from City AM, citing Amazon insiders, claimed that the world’s leading online retailer plans on accepting Bitcoin and to investigate issuing its own token in […]

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Bitcoin Price to $5 Million? S2F Model Creator Explains His Long-Term Prediction

July 26, 2021 , , , , , , , Eddy 0

PlanB, a quantitative Bitcoin analyst and the creator of the popular stock-to-flow (S2F) model, is still very much bullish about the future of the leading cryptocurrency.  The drop in bitcoin’s price within the last three months has raised many questions among crypto traders and analysts on whether or not the bull market is still intact. […]

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Almost Half of Singaporeans Own Cryptocurrencies: Independent Reserve Survey

July 26, 2021 , , , , , , , , Eddy 0

A new survey conducted by the Independent Reserve revealed that 43% of the residents of Singapore own digital assets. 46% asserted they would purchase virtual currencies in the next year. Singaporeans Are Keen on Crypto The Australian trading venue Independent Reserve (IRCI) surveyed 1,000 participants to determine the level of cryptocurrency adoption in Singapore. Per […]

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