Binance Smart Chain is not an Ethereum Replacement or Killer – CZ

Quick take: CZ has clarified once again that the Binance Smart Chain is not a replacement or killer of Ethereum He believes ETH2.0 will be awesome when launched and BSC is more like ETH1.8  Transactions on the Binance Smart Chain are 100% backward compatible, faster and have lower fees when compared to Ethereum According to DappRadar, the transaction volume of Binance Smart Chain has risen to $853 million since its official launch in August Binance CEO, Changpeng Zhao, has once again clarified that the Binance Smart Chain (BSC) was not…

Read More

Celsius Network Integrates 35 ChainLink (LINK) Price Feeds

Summary: Celsius Network has integrated 35 Chainlink price feeds ChainLink’s price oracles will be used to provide real-time reliable data for DeFi products on the Celsius Network ChainLink has also launched its ZRX/ETH price feed to further boost the DeFi industry Coinfirm is also using ChainLink oracles for its AML processes The adoption of the ChainLink (LINK) network to power DeFi platforms continues to expand at an impressive rate. Earlier today, the team at ChainLink announced that the Celsius Network has integrated 35 of its price feeds to provide accurate…

Read More

Bitfinex Whales That Marked the August Highs Suggest Bitcoin to Top

Bitcoin has undergone a strong drop since the highs yesterday. Order book trends indicate that the coin may proceed its reversal in the weeks ahead. Analyst Cole Garner shared a chart showing Bitcoin’s recent price action, along with the order book data from Bitfinex. This data suggests that the cryptocurrency is likely reaching a trend high and may see a reversal as it did at the end of August and the start of September. Bitcoin Could Soon Top, Order Book Trends Show Bitcoin has undergone a strong drop since the…

Read More

MicroStrategy CEO: I Personally Hodl 17,732 Bitcoin (BTC)

Summary: MicroStrategy CEO, Michael Saylor, has declared that he personally owns 17,732 Bitcoin His revelation comes after queries about how much Bitcoin he owns Mr. Saylor explained that he bought the Bitcoins at an average entry price of $9,882 He declared his holdings to MicroStrategy before it bought its stash of 38,250 BTC The company is reportedly preparing to buy more Bitcoin The CEO of MicroStrategy, Michael Saylor, has revealed via Twitter, the amount of Bitcoin (BTC) that he owns. According to Mr. Saylor, he owns 17,732 Bitcoins that he…

Read More

Ethereum (ETH) and Altcoins Could Benefit from a Bitcoin Correction

Summary: Bitcoin has corrected hard to $13k after setting a 2020 peak of $13,858 Bitcoin dropping hard could signal the end of its bullishness at least in 2020 If history is to go by, Bitcoin correcting might provide some room for  Ethereum and altcoins to thrive as witnessed in the 2017/2018 bull market season Bitcoin (BTC) has once again proven why it is the King of Crypto by hitting a 2020 high of $13,858 – Binance rate – earlier today. However, Bitcoin’s move closer to the intended target of $14k…

Read More

Report: 55% of US Investors Show Interest in Bitcoin Investment, Covid-19 Catalyst to Changing Preferences

A recent survey study reveals that more than half of U.S. investors (55%) have an interest in investing in bitcoin, a figure which is 19 percentage points higher than that of last year. This translates to a potential U.S. market of nearly 32 million bitcoin investor households. According to the study’s findings, this increase reflects the impact of the Covid-19 pandemic on attitudes and perspectives around the digital currency. Covid-19 Spurs Bitcoin Interest Jointly conducted by Grayscale Investments and 8 Acre Perspective, the study details the extent of the pandemic’s…

Read More

Bitcoin’s Ongoing Surge is Its “Most Important Breakout” Ever: Analyst

Bitcoin has surged higher once again as buyers continue to rush in. The coin just hit a new year-to-date high of $13,650. The cryptocurrency is expected to move higher as Bitcoin has moved above a pivotal technical pattern on a macro scale. It also brings the cryptocurrency above the $12,000 resistance. Bitcoin Undergoes Pivotal Breakout Bitcoin has surged higher once again as buyers continue to rush in. The leading cryptocurrency has just hit a new year-to-date high at $13,650, a price just under 5% higher than it was 24 hours…

Read More

Bitcoin Analyst: BTC Will Challenge $20k if it Rises Above $14k

Quick take: Veteran Bitcoin analyst, MagicPoopCannon, believes that once Bitcoin rises above $14k, it will challenge $20k next His analysis was a few hours before Bitcoin set a 2020 peak of $13,498 – Binance rate Bitcoin is currently ranging between $13,300 and $13,400 and is only a few hundred dollars away from $14k Bitcoin might go for the home-run above $20k before the year is over Veteran Bitcoin analyst, MagicPoopCannon, has provided a brief analysis of Bitcoin’s current push above $13k. According to Magic, if Bitcoin retests $14k and claims…

Read More

Marathon Buys Additional 10,000 Antminers to Become Largest US Bitcoin Miner

Nasdaq-listed Marathon Patent Group is buying 10,000 of the more efficient Antminer S19 Pro bitcoin miners from Bitmain in a deal worth millions of dollars. ▪ Marathon said the deal would boost the company’s operations to 23,560 next-generation miners, “making it the largest self-miner in North America”. ▪ When fully installed, the new machines will bring the firm’s total hashrate to 2.56 exahash per second (EH/s) – one of the world’s top 15 bitcoin miners. ▪ In August, Marathon bought another 10,500 miners of the same make for $23 million.…

Read More

ChainLink (LINK) Retakes $12 Amidst a Bullish Bitcoin

Summary: ChainLink is once again attempting to retake the $12 price area and turn it into support LINK’s bullishness comes after Bitcoin retakes $13k and prints a 2020 peak at $13,498 Binance has added ChainLink as collateral on its Loans platform ChainLink (LINK) is once again exhibiting bullish momentum after Bitcoin pushed hard above $13k to post a 2020 peak at $13,498 – Binance rate. ChainLink regaining its bullish momentum after Bitcoin’s pump is the result of a more than two-year relationship between LINK and BTC. This relationship has been…

Read More