Nvidia Redesigns Graphics Cards to Limit Their Use in Ethereum Mining
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First Mover: Who ISN’T Dabbling as Bitcoin Passes $52K, Ether Tops $1,900
Price Point Bitcoin was lower after surging on Wednesday to a new all-time high price above $52,000, while ether topped $1,900 for the first time, pushing toward the psychologically crucial $2,000 mark. “My sense is the technology has evolved and the regulations have evolved to the point where a number of people find it should […]
Continue ReadingBitcoin May Be a Better Investment Than Gold, Says DoubleLine CEO Jeffrey Gundlach
“Bond King” Jeffrey Gundlach has had a change of heart on bitcoin. Gundlach – CEO of DoubleLine Capital, an investment firm with more than $130 billion in assets under management – now says bitcoin could be a better bet than gold. Gundlach’s change of stance comes on the heels of bitcoin’s dizzying rise from $10,000 […]
Continue ReadingEther Looks Overleveraged as Cryptocurrency Hits New High Over $1,900
Ether soared to new record highs Thursday, but an overheated derivatives market may suggest higher volatility is on the way for the short term. The second-largest cryptocurrency by market value set the new lifetime high of $1,928 soon before press time, having first breached the previous peak of $1,821.49 reached on Feb. 13 early today, […]
Continue ReadingMarket Wrap: Bitcoin Rallies On After Passing $50K Psychological Level to $52K
Bitcoin broke above $52,000 Wednesday, with a market capitalization nearing $1 trillion. Bitcoin (BTC) trading around $52,231.69 as of 21:00 UTC (4 p.m. ET). Gaining 7.16% over the previous 24 hours. Bitcoin’s 24-hour range: $48,430.80-$52,536.47 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. […]
Continue ReadingMining Machine Manufacturer Ebang to Start Mining Bitcoins for Itself
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Continue ReadingHow to Bring Off-Chain Assets to DeFi
The recent GameStop short squeeze has brought decentralized finance (DeFi) into mainstream public consciousness. Well-known crypto influencers such as Caitlin Long have espoused decentralized exchanges as an alternative to traditional clearing and settlement infrastructure. Others, including me, have suggested that decentralized credit markets can reduce systemic risk by enhancing financial market transparency. Ajit Tripathi, a […]
Continue ReadingBitcoin Poised for Short-Term Gains Past $51K as MicroStrategy Upsizes Debt Deal
Bitcoin’s rally could continue in the short term, analysts and traders said, after the largest cryptocurrency by market cap surged on Wednesday to a new all-time-high price above $51,000. At press time, bitcoin’s price is above 10-hour and 50-hour moving averages on the hourly chart, a bullish signal for market technicians. “On the hourly time […]
Continue ReadingBitwise Launches DeFi Crypto Index Fund
Bitwise Asset Management on Wednesday launched a decentralized finance (DeFi) index fund, hoping to capture deep-pocketed investors’ bets on the corner of the crypto markets challenging traditional financial rails. At launch, the fund’s top holdings include tokens backing an Ethereum-based lending protocol and a decentralized exchange – AAVE and UNI – which each carry an […]
Continue ReadingBitcoin Hits New High Above $51K, Shrugging Off Rising Bond Yields
Bitcoin’s dizzying bull run is showing no signs of slowing down despite an uptick in U.S. government bond yields. The cryptocurrency market leader set a new lifetime high of $51,348 early Wednesday, having penetrated the psychological level of $50,000 on Tuesday for the first time, according to CoinDesk 20 data. Prices have risen by 53% […]
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