Container

Lending protocols lead market recovery as Maker paves way for gains

Source Node: https://ambcrypto.com/lending-protocols-lead-market-recovery-as-maker-paves-way-for-gains/
Time Stamp: November 14, 2021 5:30 PM - Modified On: November 14, 2021 - Published By:
Source Cluster:
Republished By Plato

After Bitcoin’s ATH of $69k on 10 November, not just the top coin, but the larger market has been somewhat mellow. However, even with the top two coins consolidating, there seemed to be some altcoins that presented double-digit gains as they rallied. Interestingly, the lending protocol landscape was one that seemed to be making the most headlines, with Maker leading the way with 8% gains.  The DeFi sector seemed to be paving the way for recovery with DeFi’s Total Value Locked increasing by 5.27% from last week, pushing the TVL

Tracking the movement of Bitcoin, Ethereum fund flows from 2020

Source Node: https://ambcrypto.com/tracking-the-movement-of-bitcoin-ethereum-fund-flows-from-2020/
Time Stamp: November 2, 2021 9:00 AM - Modified On: November 2, 2021 - Published By:
Source Cluster:
Republished By Plato

Over the past couple of years, institutional involvement with major assets such as Bitcoin, Ethereum has been a common affair. However, it has been a difficult task to identify all sources of investments. In late 2020, Grayscale’s Bitcoin accumulation was considered the most influential institutional interest. However, it slowed down in 2021. And yet, capital continued to flow from accredited traders. In this article, we will be highlighting every fund which holds Bitcoin and Ethereum and how their activity has created an impact over a longer time period. The long

MANA to the moon; bull pennant presents massive breakout opportunity

Source Node: https://ambcrypto.com/mana-to-the-moon-bbull-pennant-presents-massive-breakout-opportunity/
Time Stamp: November 2, 2021 8:30 AM - Modified On: November 2, 2021 - Published By:
Source Cluster:
Republished By Plato

Decentraland’s native token MANA took shape within a bull pennant and projected a massive surge from the pattern. Possibly buoyed by Facebook’s rebranding to “Meta,”  Ethereum-based MANA allows users to buy virtual plots of land, who then have the freedom to monetize the plots as they see fit. On the charts, MANA embarked on a near 600% upwards run to an ATH of $4.9 on October 27. Should bulls capitalize on this opportunity, MANA would set its sight at $9-mark and above. MANA 4-hour Chart Source: MANA/USD, TradingView Consecutive lower

Facebook’s ‘Meta’ rebrand and how it can affect MANA & other alts

Source Node: https://ambcrypto.com/facebooks-meta-rebrand-and-how-it-can-affect-mana-other-alts/
Time Stamp: November 2, 2021 7:30 AM - Modified On: November 2, 2021 - Published By:
Source Cluster:
Republished By Plato

MANA-mania swept the crypto-verse off of its feet after the token charted some unexpected gains on the back of Facebook’s ‘Meta’ rebrand. Decentraland, a decentralized 3-D virtual reality platform supported by the Ethereum blockchain, saw its native token MANA soar to an all-time high of $4.11 on 31 October.  With the crypto surging by 164% in just half a day, once again, the significant role played by bigger players in pumping cryptos was at the fore. So, how exactly did Facebook announcing its name change to Meta push the price

Bitcoin’s ‘potentially serious implications’ on future of investment, global finance

Source Node: https://ambcrypto.com/bitcoins-potentially-serious-implications-on-future-of-investment-global-finance/
Time Stamp: October 17, 2021 10:30 PM - Modified On: October 17, 2021 - Published By:
Source Cluster:
Republished By Plato

Crypto demand skyrocketed as inflation fears grip the market and governments continue to print more money. It is noteworthy that the US inflation picture remains worrying with the rate recently hitting a 13-year high of 5.4%. U.S. Debt Apart from these concerns, the U.S. debt is piling up. In a recent commentary piece, Avik Roy estimated the extent of debt in the US and how Bitcoin adoption can change it. He explained, “The single largest holder of U.S. debt is the U.S. government.” The situation is set to worsen, according

Cypto and DeFi opportunities are a result of this

Source Node: https://ambcrypto.com/cypto-and-defi-opportunities-are-a-result-of-this/
Time Stamp: October 17, 2021 9:30 PM - Modified On: October 17, 2021 - Published By:
Source Cluster:
Republished By Plato

Equating the early days of the internet with the crypto boom is now just a hackneyed adoption analogy. However, now that it is understood, investors can use it to diversify their portfolios.  Crypto evangelist Chamath Palihapitiya recently called “Bitcoin the most profound iteration of the internet that we’ve seen.” However, this time around it is “headless”. Palihapitiya explained that Google ruled the roost at the beginning of the internet boom. And, Facebook has dominated the industry for the last 15 years, he added. Therefore, current crypto and DeFi opportunities are

El Salvador prefers Bitcoin over the US dollar

Source Node: https://ambcrypto.com/el-salvadorians-now-embracing-bitcoin-over-the-us-dollar/
Time Stamp: October 17, 2021 8:30 PM - Modified On: October 17, 2021 - Published By:
Source Cluster:
Republished By Plato

El Salvador is on a mission to popularize the use of Bitcoin within the country’s borders and it may be reaching its goal, one citizen, at a time. According to President Nayib Bukele, the adoption of Bitcoin was gaining momentum as the citizens were increasingly exchanging their U.S. dollars for Bitcoin. The President provided data based on its in-house wallet service, Chivo, and noted, “1. People are inserting way more USD (to buy #BTC) than what they are withdrawing from the Chivo ATMs (any media outlet can independently confirm this

Why investors are not entirely sold on investing in a Bitcoin futures ETF

Source Node: https://ambcrypto.com/why-investors-are-not-entirely-sold-on-investing-in-a-bitcoin-etf/
Time Stamp: October 17, 2021 7:30 PM - Modified On: October 17, 2021 - Published By:
Source Cluster:
Republished By Plato

With two Bitcoin futures ETFs set to make market debut, let’s dive deep into the cost associated with owning these contracts. ProShares Bitcoin futures ETF is reportedly set to go live on 18 October, likely followed by Invesco’s ETF on the next day on 19 October.  We know that there are additional costs associated with an ETF. Apart from a brokerage commission, analysts are anticipating a higher expense ratio with these traded funds. As the filing by ProShares marks an annual operating expense of 0.95%, an investor will essentially spend

Could ‘perverted’ CBDCs stop you from buying candy

Source Node: https://ambcrypto.com/could-perverted-cbdcs-stop-you-from-buying-candy/
Time Stamp: October 9, 2021 5:30 AM - Modified On: October 9, 2021 - Published By:
Source Cluster:
Republished By Plato

NSA whistleblower and journalist Edward Snowden is known to comment on Bitcoin and crypto-adoption. However, in the latest issue of his newsletter, Continuing Ed, Snowden cited an article discussing whether the U.S could mint a platinum coin worth $1 trillion. In doing so, Snowden also spurred a discussion on centralized money, CBDCs, and their possible use case as surveillance tools. On banking, bitcoin, and the future of money: a response to a governor of the Federal Reserve, Christopher J. Waller.https://t.co/720SYvqzZM — Edward Snowden (@Snowden) October 9, 2021 To be or not to

Solana’s growth has been more than organic, but here’s a word of caution

Source Node: https://ambcrypto.com/solanas-growth-has-been-more-than-organic-but-heres-a-word-of-caution/
Time Stamp: October 9, 2021 3:30 AM - Modified On: October 9, 2021 - Published By:
Source Cluster:
Republished By Plato

The third quarter of the year was both exciting and nerve-wracking for most in the crypto-community. And, while both Bitcoin and Ethereum saw positive quarters, the big winners were actually newer protocols. In fact, a significant surge in smart contract platforms outpacing the larger market was noticeable with the rise of projects such as Solana, Avalanche, and Terra. All of the aforementioned gained by at least 300% on the charts.  Even though the Ethereum network had a burst of new user adoption, mostly due to the rapid rise of NFTs,

What to hope for if a Bitcoin ETF is a go

Source Node: https://ambcrypto.com/what-to-hope-for-if-a-bitcoin-etf-is-a-go/
Time Stamp: October 8, 2021 10:30 PM - Modified On: October 8, 2021 - Published By:
Source Cluster:
Republished By Plato

The cryptocurrency and DeFi sector is still young, with much of the industry still waiting on regulatory clarity and guidance. In fact, this is a subject many proponents have commented on as well. WisdomTree CEO Jonathan Steinberg is the latest to do so, with the exec stressing on the requirements for “right regulations” in the sector in a recent interview. He said, “Some level of regulation necessary to mainstream this” While he is optimistic about the progress the industry is making with global regulators, the lack of one in the

Chainlink has high upside potential, but are there true entry points

Source Node: https://ambcrypto.com/chainlink-has-high-upside-potential-but-are-there-true-entry-points/
Time Stamp: October 8, 2021 9:30 PM - Modified On: October 8, 2021 - Published By:
Source Cluster:
Republished By Plato

With Bitcoin leading the market gains showing close to 16.90% weekly price rise, the rest of the market has stayed rather calm. While on the back of Bitcoin gains, the market seems to be witnessing a steady upward movement, most alts have failed to surprise the market. Chainlink, the 15th ranked alt by market cap, has also had a rather stagnant price action.  Nonetheless, while the alt’s long-term prospects looked appealing the market confidence around the alt seemed to be lacking, so where could LINK go from here? Classic case