Bitcoin has become nothing but the new Che Guevara T-shirt

The wonder of the universe is that it is always in motion and, because of this, that everything changes over time. So, anything can be something completely different tomorrow, just like that — no guarantees. Karl Marx expressed this brilliantly with the phrase “All that is solid melts into air.” The same occurred with Bitcoin (BTC), which over the years has undergone transformations, and from a cypherpunk idea, it has become a simple Che Guevara T-shirt. Be your own bank The following words, which Eric Hughes published in “A Cypherpunk’s…

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Bitcoin bulls buy BTC’s $35K support retest as altcoins push higher

Calls for Bitcoin (BTC) to rally above $40,000 were dashed as the top cryptocurrency hit a wall of resistance which sparked a sell-off in the early trading hours.  Data from Cointelegraph Markets and TradingView show the price of BTC fell as low as $34,368 before rebounding to its current price of $37,300. Daily cryptocurrency market performance. Source: Coin360 It’s possible that the excitement surrounding the announcement of a $1.9 trillion stimulus bill from the incoming Biden administration quickly morphed into a buy the rumor, sell the news event as questions…

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Timing is key as Bakkt secures NYSE listing

Digital assets marketplace Bakkt is set to go public on the New York Stock Exchange in 2021, which could pave the way for more cryptocurrency service providers to follow suit. The Intercontinental Exchange announced on Jan. 11 that its cryptocurrency marketplace Bakkt would soon be listed on the NYSE public stock market. This will be done through a merger with a special purpose acquisition company VPC Impact Acquisition Holdings. The shell company will be used to merge with Bakkt in order for it to be listed on the stock market…

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EDM star Deadmau5 teams up with Mad Dog Jones on NFT art collection

EDM star Deadmau5 has partnered with digital artist Michah Dowbak — aka Mad Dog Jones — to release two NFT art collections on the Winklevoss-owned Nifty Gateway today.  pic.twitter.com/H2cGuoB1M0 — Goat lord (@deadmau5) January 12, 2021 The artworks have already raised $338,000 with the final auction yet to finish. Block Heater, a single edition NFT, currently has a bid of $20,000 on it with approximately 19 hours remaining. The NFTs are a combination of music from renowned multi-Grammy nominated Deadmau5 and artwork from Dowbak, whose previous NFT collection in collaboration…

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New institutions wait for Bitcoin price rollercoaster to end

As a result of the ongoing uptrend, many prominent institutions from the realm of traditional finance have sought to join the crypto bandwagon so as to not miss out on the ongoing action. For starters, a jump in open interest and trading volume for Bitcoin futures has been witnessed across the board over the course of the last couple of months. While that may have been expected, what may come as a surprise is that the Chicago Mercantile Exchange, a global derivatives exchange, recently became the world’s largest Bitcoin futures…

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Is a new rally brewing as Bitcoin reclaims $38K and stablecoins ‘flooding’ exchanges?

The price of Bitcoin (BTC) has extended its recovery on Jan. 14, reclaiming the $38,000 level. What’s more, the weekly candle has now turned green for the fifth consecutive week despite the 28% crash earlier this week.  BTC/USD Weekly candle chart (Bitstamp). Source: Tradingview Meanwhile, stablecoin deposits are flooding into cryptocurrency exchanges, according to data from CryptoQuant. This inflow may act as a short-term catalyst for Bitcoin as it suggests that sidelined capital is moving back into BTC. Stablecoins inflow on exchanges. Source: CryptoQuant Why are stablecoins indicative of strong…

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Bitcoin price rally to $37,850, signals that bulls intend to reclaim $40K

Bitcoin (BTC) price broke through the $35,000 resistance and appears to be stepping into a new range that would see the price trade between $38,000 to $40,000. Today’s recovery from the $34,000 level also appers to have invalidated what looked to be a bearish head and shoulders pattern forming on the 4-hour timeframe.  BTC/USDT 4-hour chart. Source: TradingView Reclaiming the $36,000 level as support may also assist with squashing the infantile narrative that Bitcoin price was entering a new bear market after this week’s 26.5% plunge shaved off $200 billion…

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Arxnovum files Bitcoin ETF application with Canadian securities regulators

Canadian investment fund manager Arxnovum Investments has filed a prospectus for a new Bitcoin (BTC) exchange-traded fund, or ETF, in Canada. On Jan. 11, the company filed a stack of preliminary documents for the Arxnovum Bitcoin ETF with Canada’s Ontario Securities Commission. According to a preliminary long form prospectus, Arxnovum plans to list its new Bitcoin ETF on the Toronto Stock Exchange. The listing is subject to the approval of the TSX in accordance with its original listing requirements. “The TSX has not conditionally approved the listing application of the…

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Top 100 Bitcoin addresses accumulated $11B more BTC in the past 30 days

The top 100 richest Bitcoin addresses are increasingly bullish, accumulating 16% more Bitcoin over the last 30 days.  In total these addresses added 334,000 more Bitcoin to their bags, or around $11 billion worth. The majority barely reacted to Bitcoin’s recent price drop from $41,000 to below $33,000. Only seven addresses conducted a transfer out of the wallet since the most recent all-time-high on January 10. Of the addresses that have transacted in the last 30 days, only eight of them have more than ten transactions to their name since…

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OCC’s Brian Brooks thinks that DeFi can root out bias and fraud in traditional banking

In an opinion piece published in the Financial Times on Tuesday, Acting Comptroller of the Currency Brian Brooks put forward the need to reconfigure banking regulations for an age of algorithms.  Brooks, who currently leads the Treasury’s Office of the Comptroller of the Currency, compared existing banking regulations to traffic laws. He further used the analogy of self-driving cars for new steps in decentralized finance. “Just as the original rules of the road protected us from other drivers, so our current bank regulations exist mainly to prevent human failings,” wrote…

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