Crypto News Today
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Bank of America calls Solana “Visa of the digital asset ecosystem” | CryptoSlate
Analysts at Bank of America has stated that Solana could continue to eat into the dominance of Ethereum because of its superior scalability.
India to soon get Exchange-Traded Funds for Bitcoin and Ethereum
Months after US approved Bitcoin Exchange Traded Funds (ETF), India might follow suit and is likelyto get ETFs for Bitcoin and Ethereum in coming days, reports have claimed.
Bitcoin Options Shift Has Some Bulls Calling $40,000 the Bottom
Demand for put-versus-call options is easing, Genesis says. CrossTower, Snickerdoodle see Bitcoin resuming push higher.
Bad Days for Bitcoin Are Back as 'Death Cross' Approaches
The crypto bull rush may be over for the time being.
Billionaire Mike Novogratz Sees Bitcoin Finding Bottom at $38,000-$40,000
Bitcoin could slide even lower before finding support, according to crypto billionaire Mike Novogratz. The chief executive officer and founder of Galaxy Digital Holdings told CNBC that the digital asset could find a bottom at the $38,000-$40,000 level.
Ethereum Beats Rivals With 'Trade-Offs,' Pantera’s Krug Says
Crypto-centric hedge fund is bullish, long on Ethereum. Grayscale's Grider says it’s not a 'winner-take-all' market.
PayPal to explore launch of stablecoin amid crypto push
PayPal Holdings Inc. is exploring the launch of its own stablecoin as part of its cryptocurrency push, according to the company, which confirmed the development after evidence of the move was discovered inside its iPhone app.
Crypto bull Mike Novogratz sees bitcoin's price floor at $38,000 as institutions take positions during latest sell-off
"I know big institutions who are going through their process to put positions on and so I think they're gonna see those as attractive levels to buy," Novogratz said on CNBC's "Squawk Box" program. "On the charts, $38 [thousand], $40 [thousand] feels like where we should bottom."
These Four Charts Show Some of Bitcoin’s Potential Trouble Spots
Token is now flirting with a historically significant zone. Decline from record peak is within the scope of past drawdowns.
US Congress to Hold Oversight Hearing on Crypto Mining: Report
Lawmakers will look at mining’s effect on the environment.
Ethereum's Dominance in DeFi Is 'Far From Given,' JPMorgan Says
Ethereum has been a dominant force in crypto for several years now, and its Ether token is the No.2 cryptocurrency behind Bitcoin by market value. But its share of total value locked in DeFi, which was nearly 100% at the beginning of 2021, fell to around 70% over the course of year, JPMorgan said.
The 10 Fastest-Growing Cryptocurrency Ecosystems In 2021
Garg co-authored a report with Electric Capital partner Maria Shen that reveals which cryptocurrency platforms attracted the most developers in 2021. They used data from GitHub, the go-to online repository where developers store their code, to estimate how many engineers work on each platform.
Bitcoin is for speculators right now: bond king Jeffrey Gundlach
DoubleLine founder Jeffrey Gundlach shares his latest thinking on bitcoin and cryptocurrencies with Yahoo Finance.
Bitcoin could pass $100,000 if it replaces gold as a store of value, says Goldman Sachs
Bitcoin will continue to take market share from gold as part of broader adoption of digital assets, making the often touted price prediction of a $100,000 by advocates a possibility, according to Goldman Sachs Group.
This Altcoin Smoked Bitcoin and Ether With 1,300% Gain This Year
Binance's BNB surged as Binance Smart Chain rivaled Ethereum. Smaller alt coins also saw returns upward of 1,000% this year.
DeFi Traders Push Terra's UST Stablecoin to $10B Market Cap
The coin has surpassed Binance Smart Chain in total value locked amid rapid DeFi growth.
India’s Crypto Law Might Not Be Ready Before May, Sources Say
India’s draft cryptocurrency bill is unlikely to become law until after next year’s Budget Session ends in April, adding to uncertainty about the state of crypto regulation in the nation.
Meta aims for 'deep compatibility' with blockchain
Andrew Bosworth, a top Meta executive, urged employees to explore blockchain technology in an internal post on Tuesday.
Bitcoin is stabilizing but could still fall 24% if it breaks below this key support level
Bitcoin prices are beginning to stabilize after falling 30% in a month, according to Katie Stockton of Fairlead Strategies. But the cryptocurrency could see further price declines if key support around $44,200 fails, Stockton said in a Monday note. "If initial support is broken, important long-term support will likely be tested, near $37.0K," Stockton said.
Ethereum Launches Kintsugi Public Testnet Ahead of Move to Proof-of-Stake
The move opens access to the new environment to a wider audience; earlier testnets were available only to developers.
Indian Government Seeks Wider Consultation Before Finalizing Crypto Bill
The cryptocurrency bill that was listed to be taken up in the current session of India's parliament is reportedly being reworked.
Polygon: A Necessary Gem In The Cryptoverse
It is no longer just a 1-dimensional L2 Scaling Solution that it used to be. The transition to ETH 2.0 will not render Polygon obsolete.
RBI Told Board It Wants Blanket Crypto Ban
The Reserve Bank of India said it favours a complete ban on cryptocurrencies at a meeting of its central board on Friday, the Economic Times reported, citing unnamed people familiar with the deliberations.
Fish food? Data shows retail investors are buying Bitcoin, whales are selling
The number of Bitcoin addresses holding less than 1 BTC has been rising in the face of a 30% price correction from $69,000.
BofA Says Avalanche's Scaling Capability Offers Viable Alternative to Ethereum
Avalanche’s AVAX token is now the 12th largest by market value.