Chainlink Held By the top 10 Crypto Exchange Addresses Drops by 67.6%

Investors are moving Chainlink tokens out of exchanges at an increasing rate 2.5% of Chainlink’s circulating supply has left exchanges in the last 2 months The amount of Chainlink held by the top 10 crypto exchange addresses has dropped by 67.6% in the last 6 months Chainlink is currently battling to maintain the $44.30 support amidst a sub-$50k Bitcoin Chainlink investors are moving their LINK out of crypto exchanges and into cold storage at an increased rate. According to data shared by the team at Santiment, 2.5% of Chainlink’s circulating…

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Bitcoin Could Drop to $12k – $15k if it Enters a Bear Market – Analyst

MagicPoopCannon has explored the possibility of Bitcoin entering a bear market If it happens, Bitcoin could drop to as low as $12k or $15k Bitcoin is currently trading below the 50-day moving average which is a sign of weakness Magic speculates that perhaps Tesla knew Bitcoin was near a top hence the announcement to stop accepting BTC for car payments Bitcoin and crypto analyst, MagicPoopCannon, has explored a possible scenario of Bitcoin has entered a bear market with the recent dip below $50k. According to Magic, Bitcoin is currently trading…

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Grayscale Fund Touts ETF Conversion as Price Discount Issue Solution

Grayscale, one of the largest cryptocurrency fund managers, has declared it is trying to morph the bitcoin trust GBTC into an exchange-traded fund (ETF) to solve its price woes. The exchange rate is now at a 20% price discount compared to its bitcoin holdings, a fact that has many worried about the overall sustainability of their business model. Grayscale Hints at Becoming an ETF Grayscale, the biggest cryptocurrency fund manager in the world, has declared its Grayscale Bitcoin Trust (GBTC) is in the process to become an ETF to get…

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Bitcoin (BTC) Inflows into Crypto Exchanges Hit a 1 Year High

The amount of Bitcoin (BTC) being deposited into crypto exchanges has hit a one year high The new pattern is the result of Elon’s comments that Bitcoin mining is not energy efficient Bitcoin has since struggled to maintain the $50k support However, there are some Bitcoin whales scooping up the sold BTC The amount of Bitcoin being deposited into crypto exchanges by investors has reached a one-year high. This new trend was identified by the team at CryptoQuant through the following tweet. The daily average amount of inflows for all…

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BNBD Project | Creating an Ecosystem of Passive And Consistent Returns

SINGAPORE, SINGAPORE / May 13, 2021 / The BNBD project creates a revenue-generation stream for the entire community, subject to the condition that they hold some amount of the BNBD. As a project built for the community, the BNB Diamond project wants every member of the community to have an equal share at earning passive income and leverage from the gradual increase in the asset’s value. To deliver on its promise of a community-first project, BNBD authenticated a Fair launch system, where no token is reserved for the team, and there are no early…

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Ethereum has a 30% Chance of Flippening Bitcoin – Arthur Hayes

Arthur Hayes gives Ethereum a 30% chance of flippening Bitcoin The number one mission of Ethereum is to power the world’s largest computer EIP1559 will be pivotal in increasing the value of Ethereum by introducing a ‘fee burn’ Flippening is also hinged on an exponential growth in DeFi leading to more fees being spent and burnt The former CEO of Bitmex, Arthur Hayes, has given Ethereum a 30% chance of flippening Bitcoin. Mr. Hayes offered his insights through his latest Crypto Trader Digest titled ‘Fear is the Mindkiller’. Ethereum at…

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Liberian Central Bank Asks Local Crypto Startup to Drop its Plan to Launch a Digital Asset

The Central Bank of Liberia (CBL) has warned against a local crypto startup’s plan to proceed with the introduction of a digital financial product without adhering to the required regulation. According to the CBL, this act will not only be illegal but this will likely “undermine the country’s financial system.” The CBL’s warning follows an announcement by an organization known as The Abundance Community Coin (TACC) that plans to launch a crypto asset on May 14. According to a report, TACC claims that its token “has been created to help…

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MicroStrategy Buys 271 Bitcoin for $15M at an Average Price of $55,387

MicroStrategy has bought 271 Bitcoin for $15 Million Each Bitcoin was bought at an average price of $55,387 MicroStrategy now holds 91,850 Bitcoin purchased at a total of $2.241Billion and at an average entry price of $24,403 The Bitcoin is now twice the initial investment at $4.592 Billion Bitcoin is currently attempting to reclaim $50k after Tesla stopped accepting Bitcoin for car purchases The business analytics company of MicroStrategy has just announced that it has bought an additional 271 Bitcoin worth $15 million at an average entry price of $55,387. With…

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NFT History – Giving a Novel Method to Own Dates and Gain Exclusivity With NFTs

ROAD TOWN, BVI / May 13, 2021 / Innovation and uniqueness have become a new normal for the blockchain industry and, within it, the NFT or Non-Fungible Token segment. A novel use case of the NFT has come ashore with NFT History, a platform that lets the users buy or stake ownership of a particular date in history till the present day. The platform gives users the option to choose a date they want to own, set the starting bid, participate in the auction, and win it to stake their claim by…

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Ethereum (ETH) Could Close the Month of May Between $3.5k and $6.2k

Timothy Peterson has forecasted that Ethereum could close the month of May at a value of between $3,500 and $6,200 His analysis is based on ETH’s seasonal trend of performing well in the first half of the year $4.6k is a possible mid-point value for the monthly close with the higher range of $6.2k seeming likely Short-term, ETH has lost $4k after Elon Musk’s tweet of Tesla no longer accepting BTC Bitcoin and crypto analyst, Timothy Peterson, has forecasted that Ethereum could close the month of May at a value…

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