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Category: Bitcoin News

Bitcoin Price Prediction: BTC Bullish Outlook Steadies Above $40,000 As PayPal Launches Crypto Exchange In The UK

A daily close above $40,000 could see Bitcoin nurture a key uptrend to $50,000. PayPal to debut a crypto exchange platform in the UK as the market turns green. Bitcoin must target a break above the 100 SMA in the short term to validate the impending upswing. Bitcoin price has remained pivotal at $40,000 for

The post Bitcoin Price Prediction: BTC Bullish Outlook Steadies Above $40,000 As PayPal Launches Crypto Exchange In The UK appeared first on Coingape.

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“Innovative New Products” like Bitcoin Mini-Futures Leads to an Increase in CME Profits

Chicago Mercantile Exchange Group (CME), a popular regulated futures platform used by institutions, reported an increase in its second-quarter profit spurred by innovative products like micro futures of Bitcoin and oil that attracted the retail investors along with a drop in expenses and a rise in hedging against price moves. The overall average daily volume […]

The post “Innovative New Products” like Bitcoin Mini-Futures Leads to an Increase in CME Profits first appeared on BitcoinExchangeGuide.

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$60 Billion Fund Manager Allows Access to Bitcoin Through A Mutual Fund Investment

Maryland-based ProFunds, a mutual fund management company with $60 billion in assets under management (AUM) is introducing a new way to invest in Bitcoin without actually buying the crypto asset. A premier provider of mutual funds with more than 100 funds, ProFunds is launching what it says is the first publicly available US mutual fund […]

The post Billion Fund Manager Allows Access to Bitcoin Through A Mutual Fund Investment first appeared on BitcoinExchangeGuide.

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Tesla’s Bitcoin Holdings Back in Profit After BTC Breaks $40K

Tesla’s Bitcoin (BTC) holdings were barely afloat amid the global crypto decline. Tesla had bought $1.5 billion worth of BTC at approximately $35,000 at the beginning of 2021. However, they sold 10 percent, i.e., over $270 Million in the first quarter during the month of April when BTC was priced at $55k. Nevertheless, now that

The post Tesla’s Bitcoin Holdings Back in Profit After BTC Breaks $40K appeared first on Coingape.

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Bitcoin records largest single-day Exchange outflow in 1-year as BTC price breach $40K

Bitcoin price is currently hovering around the $40,000 mark after breaking out of the $35k resistance and forming good support at $38,800. The top cryptocurrency hit a monthly high of $40,816 earlier today before retracing under $40K again. The on-chain data suggest traders have turned bullish again as they expect BTC to solidify its position

The post Bitcoin records largest single-day Exchange outflow in 1-year as BTC price breach $40K appeared first on Coingape.

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Bitcoin rewards app Lolli raises $10 Million in Series A Funding

The Bitcoin (BTC) reward application, Lolli announced today that it has raised over $10 Million in their latest funding round led by the venture firm, Acrew Capital. Furthermore, they shared that Acrew had collaborated with Banana Capital, Up North Management, and Animal Capital, the Gen. Z-focused venture capital fund founded by social media influencers Josh

The post Bitcoin rewards app Lolli raises $10 Million in Series A Funding appeared first on Coingape.

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Profunds launches first publically available Bitcoin Mutual Fund in the US

The rising demand for Bitcoin has made way for various regulated investment options offered by large financial institutions. One such product is now being offered by ProFunds, a firm that offers a diverse lineup of mutual funds. It has now launched the first publically available Bitcoin mutual fund in the United States. The fund would

The post Profunds launches first publically available Bitcoin Mutual Fund in the US appeared first on Coingape.

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Breaking: Sen. Warren says Digital Currency can help where banks have failed

Senator Elizabeth Warren who is a known crypto critic appeared on CNBC to talk about regulations around the digital asset market. During her interview she said digital currencies in a way can help where major banks have failed in all these years. Warren was talking about how digital currencies can help bank the unbanked. “One

The post Breaking: Sen. Warren says Digital Currency can help where banks have failed appeared first on Coingape.

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Pro-BTC Senator defends crypto against Sen. Warren’s “Shadowy Super-Coders” comment

Cynthia Lummis, Bitcoin supporter, and the US Senator from Wyoming has tweeted defending the crypto sphere against Senator Elizabeth Warren’s comments. Senator Warren had accused the decentralized system to be guided by “Shadowy Super-Coders”, to which Cynthia Lummis has publicly taken a contradictory stance. Lummis highlighted how the crypto market is run by open-source developers,

The post Pro-BTC Senator defends crypto against Sen. Warren’s “Shadowy Super-Coders” comment appeared first on Coingape.

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Bitcoin (BTC) Shoots 8% Closing Above 200 EMA, $45,000 In Sight

Bitcoin (BTC) is up 8% today making another attempt to move past its crucial resistance of $40,000. At press time, Bitcoin (BTC) is trading at a price of $39,828 with a market cap of $747. Bitcoin has picked up strong momentum amid rumors of Amazon integrating BTC payments. However, Amazon has confirmed that there are

The post Bitcoin (BTC) Shoots 8% Closing Above 200 EMA, $45,000 In Sight appeared first on Coingape.

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Bitcoin Price Prediction: BTC Breaks Above $40,000, Prepares To Launch To $44,000

Bitcoin price is on the verge of breaking out to $44,000 if the 200 SMA resistance shatters. BTC erases the Amazon-triggered losses to trade around $40,000. Bitcoin price remarkably bounced back following a correction on Tuesday. The retreat from $40,000 to $36,000 occurred barely 24 hours after the bellwether cryptocurrency had rallied from levels around

The post Bitcoin Price Prediction: BTC Breaks Above $40,000, Prepares To Launch To $44,000 appeared first on Coingape.

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Tesla Reported No Changes in Digital Assets in Q2 But Recorded A Bitcoin-Related Impairment of $23 Million

Tesla has posted a bigger second-quarter profit than expected, and unlike the Q1, this time, there were no changes in digital assets. As the CEO of the electric car maker, Elon Musk, said last week at the B-Word conference, he “might pump,” but he does “not dump.” At the time, the billionaire also revealed that […]

The post Tesla Reported No Changes in Digital Assets in Q2 But Recorded A Bitcoin-Related Impairment of Million first appeared on BitcoinExchangeGuide.

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Chinese Crypto Crackdown: Huobi & OKCoin to shut down Subsidiaries in Beijing

Amid the expanding Chinese crypto crackdown, former exchange giants in China, Huobi, and OKCoin have announced the closure of their Beijing subsidiaries. Huobi’s “resolution of dissolution” Beijing Huobi Tianxia Network Technology Co. dissolved its registration last week and informed the investors to liquidate their accounts within the next 45 days. This announcement was instead of

The post Chinese Crypto Crackdown: Huobi & OKCoin to shut down Subsidiaries in Beijing appeared first on Coingape.

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Bitcoin-Linked Stocks Surge as Crypto Market Sees Rejuvenation

The huge correlation between some key Wall Street firms and the cryptocurrency ecosystem was brought to the fore as the broader crypto rejuvenation stirred an upshoot in some Bitcoin-linked stocks. Having suffered a month-on-month regression in the combined market capitalization, the global cryptocurrency market has been placed on a path of revival following impressive news

The post Bitcoin-Linked Stocks Surge as Crypto Market Sees Rejuvenation appeared first on Coingape.

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Bitmain reveals divestiture plans for Antpool, the leading BTC mining pool

Bitmain, the world’s leading Bitcoin mining rig manufacturer recently concluded its semi-annual shareholder’s meeting where it revealed the progress of Antpool divestiture, the world’s leading Bitcoin mining pool. The mining chip manufacturer received shareholders nod to make its mining pool operations independent of the parent company in the first quarter and completed all the legal

The post Bitmain reveals divestiture plans for Antpool, the leading BTC mining pool appeared first on Coingape.

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

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”,

The post Binance NFT to tokenize Leonardo-da-Vinci & Van Gogh’s artwork appeared first on Coingape.

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

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

The post GBTC Premium Rebounds Sharply With Bitcoin (BTC) Price Rise, Whale Buying Continues appeared first on Coingape.

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

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

The post Bitcoin (BTC) Price Falls 8% as Amazon Denies Bitcoin Payment Plans appeared first on Coingape.

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Bitcoin, Dogecoin Price Analysis: July 27, 2021

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

The post Bitcoin, Dogecoin Price Analysis: July 27, 2021 appeared first on Coingape.

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