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Category: News

Galaxy Digital CEO Calls Market Correction A Result of ‘Tax Day’, Says Bull Run Will Continue

Mike Novogratz, the CEO of crypto custody service provider Galaxy Digital appeared on CNBC to talk about recent market correction and suggested the price fall was nothing extraordinary, and when the markets get ahead of themselves, correction is a natural phenomenon. He even compared the recent correction to “tax day,” saying a lot of people

The post Galaxy Digital CEO Calls Market Correction A Result of ‘Tax Day’, Says Bull Run Will Continue appeared first on Coingape.

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Breaking: MicroStrategy Bought the Bitcoin Dip With Additional $10M BTC Purchase

MicroStrategy, the software solution giant has bought the Bitcoin dip with an additional $10 million purchase of 229 Bitcoins. The most recent purchase comes within a week of their last Bitcoin purchase announcement. The Fortune 500 company bought the latest dip at $43,663 per Bitcoin. The company that pioneered the use of Bitcoin as a

The post Breaking: MicroStrategy Bought the Bitcoin Dip With Additional $10M BTC Purchase appeared first on Coingape.

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Crypto Regulation in Thailand Moves Forward

The quantity of public organizations putting resources into bitcoin is becoming around the world. In Thailand, The Brooker Group (BROOK) has become the principal recorded organization in the nation to declare its cryptographic money possessions. The Brooker Group offers autonomous warning types of assistance to private and public area customers in Thailand and abroad. Prior to The Brooker Group’s divulgence, […]

The post Crypto Regulation in Thailand Moves Forward appeared first on Coin News Asia.

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BOA Report says Kimchi Premium Result of Capital Flow Control

Kimchi premium, the Bitcoin price difference between the international market and the South Korean market rose to $4,000 yesterday after a red crypto day. A recent Bank of America report suggests that the Bitcoin price premium in the Korean market is a result of capital flow control put by the government. At present, the purchases

The post BOA Report says Kimchi Premium Result of Capital Flow Control appeared first on Coingape.

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Despite ETH Price Volatility, Ethereum Whales Continue Holding Strongly

While Ethereum (ETH) was subjected to massive price volatility, the fundamentals of the world’s largest cryptocurrency continue to remain strong. As a result, Ethereum has regained its levels above $3500 with its market cap soaring past $405 billion. As CoinGape reported, ETH has formed a bullish pattern on the technical chart and is eyeing a

The post Despite ETH Price Volatility, Ethereum Whales Continue Holding Strongly appeared first on Coingape.

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BRG Token CEO Who Bought Jack Dorsey’s First NFT Tweet Arrested in Iran

BRG Token CEO Sina Estavi who also bought the first tweet converted into an NFT by Twitter CEO Jack Dorsey for a whopping $2.9 million was arrested by the Iranian Centre for Investigation of Organised Cyber Crimes. The official statement released by the authorities suggested that the BRG Token CEO has long been involved with

The post BRG Token CEO Who Bought Jack Dorsey’s First NFT Tweet Arrested in Iran appeared first on Coingape.

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Institutional-Grade Exchange Traded Products For Cardano (ADA) and Polkadot (DOT) Coming Soon

Having registered a solid performance this year, altcoins like Cardano (ADA) and Polkadot (DOT) are now falling on the institutional radar. Valour Structured Products, a subsidiary of Defi Technologies, announced that it will launch exchange-traded products (ETPs) for Both Cardano and Polkadot. Later today, May 18, the Valour Cardano (ADA) SEK will go live for

The post Institutional-Grade Exchange Traded Products For Cardano (ADA) and Polkadot (DOT) Coming Soon appeared first on Coingape.

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Ripple Price Prediction: XRP lethargic trading draws closer to 130% liftoff

Ripple’s consolidation between $1.2 and $1.6 is still underway. The massive weekend losses in the cryptocurrency market affected Bitcoin and Ethereum the most as XRP embraced support at $1.3. However, the bearish wave sabotaged the intended upswing to $1.6; thus, a correction kicked off on hitting the resistance at $1.6. Ripple prepares for colossal price

The post Ripple Price Prediction: XRP lethargic trading draws closer to 130% liftoff appeared first on Coingape.

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FTC Data: Elon Musk Impersonators Scam Crypto Investors for $2 Million

Billionaire Elon Musk has been quite vocal and engaging with the Bitcoin (BTC) and the crypto community recently, and crypto scammers are now making the most of the moment while duping investors for millions of dollars. As per the data released by the Federal Trade Commission (FTC) on Monday, May 17, Musk impersonators stole nearly

The post FTC Data: Elon Musk Impersonators Scam Crypto Investors for $2 Million appeared first on Coingape.

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Ethereum Price Forecast: ETH prints bullish pattern, preparing for colossal upswing past $4,000

Ethereum has been steady since the weekend breakdown from levels above $4,000 to $3,100. Over the last 24 hours, the price action remained sluggish, but bulls seem to have resorted to playing defense and ensure that losses do not extend under $3,000. At the time of writing, Ether trades at $3,390 amid a gradually building

The post Ethereum Price Forecast: ETH prints bullish pattern, preparing for colossal upswing past $4,000 appeared first on Coingape.

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Coinbase($COIN) Share Price Falls Below Reference Amid Crypto Market Sell Off

Coinbase ($COIN), the New York-based crypto exchange that went public last month has fallen below the reference price of $250 for the first time since listing. $COIN was trading just under $244 at the time of writing after registering a 5.3% decline since the opening today. The price fall comes amid a red crypto day

The post Coinbase($COIN) Share Price Falls Below Reference Amid Crypto Market Sell Off appeared first on Coingape.

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Long term Holders Continue Accumulating Bitcoin (BTC) Amid Bloodbath

Earlier today, the Bitcoin (BTC) price crashed to under $45,000 after Elon Musk raising speculations of Tesla possibly selling Bitcoins anytime ahead. Later Musk confirmed that Tesla hasn’t yet sold its holdings. However, the damage was already done. As the FUD hit the crypto market, the on-chain volume shows that the short-term Bitcoin holders ended

The post Long term Holders Continue Accumulating Bitcoin (BTC) Amid Bloodbath appeared first on Coingape.

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Crypto Companies Raised $2.5 B in First Quarter of 2021, the Highest Ever!

2021 bull run has propelled Bitcoin, altcoins, and the whole ecosystem into the mainstream limelight as well as adoption. The growing demand for digital assets is evident from the number of mainstream financial firms adding support for cryptocurrencies as well as the number of crypto companies that have become a billion-dollar company after the latest

The post Crypto Companies Raised $2.5 B in First Quarter of 2021, the Highest Ever! appeared first on Coingape.

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Bitcoin Exchange Inflow Continues to Surge, Will BTC see a Further Downside?

Bitcoin price fell to a 3-month low earlier today retracing to $42,000 level which many believe was caused by Elon Musk’s recent Twitter meltdown, however, the price soon bounced off to rise above $45,000 as the total correction since last month high reached over 30%, the biggest correction this bull season. While many Bitcoin proponents

The post Bitcoin Exchange Inflow Continues to Surge, Will BTC see a Further Downside? appeared first on Coingape.

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Elon Musk Claims Bitcoin Mining Is Centralized, Is It True?

Elon Musk has become the talk of the crypto town owing to his recent face-off with Bitcoiners on Twitter and a subsequent meltdown where he first made bizarre claims about Bitcoin’s ‘per-transaction’ cost and later even threatened to go all-in Doge. Among many claims, one that got the attention was his claim of centralization in

The post Elon Musk Claims Bitcoin Mining Is Centralized, Is It True? appeared first on Coingape.

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Elon Musk Confirms “Tesla Has not Sold Any Bitcoin”

After a lot of speculation and FUD about Tesla selling Bitcoin anytime soon, Elon Musk has momentarily cleared the air stating “Tesla has not sold any Bitcoin”. To clarify speculation, Tesla has not sold any Bitcoin — Elon Musk (@elonmusk) May 17, 2021 Elon Musk’s late Sunday tweet rattled Bitcoin (BTC) along with the overall

The post Elon Musk Confirms “Tesla Has not Sold Any Bitcoin” appeared first on Coingape.

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Bitcoin (BTC) Critic Peter Schiff Questions Its “Safe-Haven Asset” Status After Elon Musk’s Tweets

Bitcoin (BTC) has come under severe pressure and has tanked more than 10% after Elon Musk suggested that Tesla might dump its Bitcoin holdings going ahead. “Indeed,” Musk seems to be having a strong influence in the crypto space and it has reflected over the last few weeks and months. Indeed — Elon Musk (@elonmusk)

The post Bitcoin (BTC) Critic Peter Schiff Questions Its “Safe-Haven Asset” Status After Elon Musk’s Tweets appeared first on Coingape.

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Market Update: Crypto Market Tanks Over 10% Losing $275 Billion in 24-Hours

Massive sell-off has once again ensued in the crypto market as we look forward to kickstarting the third week of May 2021. The overall crypto market has tanked 10% losing $275 billion in just 24-hours. the market looks stressed and under pressure with a major sell-off in Bitcoin (BTC) as well the altcoin space. Bitcoin

The post Market Update: Crypto Market Tanks Over 10% Losing $275 Billion in 24-Hours appeared first on Coingape.

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Bitcoin Price Forecast: BTC dumps to $42,000, but Tom Lee makes a massive $125,000 prediction

The instability in the cryptocurrency market last week continued throughout the weekend. A brief break above $50,000 was unsustainable, leading to another breakdown. Moreover, support at $46,000 did little to stop the massive losses; hence BTC dived near $42,000, a three-month low. Elon Musk blamed for crashing Bitcoin The founder is Tesla, Elon Musk has

The post Bitcoin Price Forecast: BTC dumps to $42,000, but Tom Lee makes a massive $125,000 prediction appeared first on Coingape.

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BSC Daily Transaction Rate Grows to 12 Million, 8X of Ethereum Network

Binance Smart Chain (BSC), the native network of the Binance network has registered another record in terms of daily transactions processed by the network reaching a massive 12 million mark today. What makes this record even more surreal is the fact that the current BSC transaction processing capacity is 8X the network capacity of Ethereum.

The post BSC Daily Transaction Rate Grows to 12 Million, 8X of Ethereum Network appeared first on Coingape.

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