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Crypto Futures Trading: How to Long and Short Cryptocurrencies
22.2.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Has the volatility of cryptocurrency prices made you want more than simple spot trading? Do you consider the process of buying and selling actual cryptos too burdensome? You have probably already heard...
Crypto.com's CRO Doubles On Sudden Massive Burn News
22.2.2021
The price of CRO, the native token of Crypto.com Chain, doubled in a few hours as Crypto.com said it will burn CRO 70bn as they're preparing for the CRO Chain Mainnet launch.
At the time of writing (11:50 UTC), CRO trades at USD 0.267 and is up by 89% in a day and 207% in a week.
The major...
Nvidia Limits the Efficiency of Mining Ether Using Its GPUs by 50%
22.2.2021
Nvidia announced that it will start limiting the efficiency of mining ethereum or any other crypto using its new range of upcoming graphics processing units (GPUs). In a blog post published Feb. 19, the U.S. hardware maker said this limitation will feature first on its new Geforce RTX 3060 card...
India securities regulator to reportedly bar IPO promoters from holding crypto
22.2.2021
The Securities and Exchange Board of India may force promoters of initial public offerings to ditch crypto
Overleveraged Crypto Traders Just Lost Another USD 1B, Binance Leads Again
22.2.2021
Over USD 1bn in long trading positions has been liquidated in the past 24 hours as overly optimistic traders seem not willing to learn after they lost almost USD 2bn just a week ago.
Almost USD 600m of those positions were in bitcoin (BTC). In the past hour alone (10:39 UTC), almost USD 400m have...
Swiss crypto ETP issuer passes $1B assets under management
22.2.2021
Swiss crypto ETP issuer 21Shares has increased its managed crypto ETP assets from $500 million to $1 billion in less than two weeks
Crypto market too big to ignore, says Nigeria SEC
22.2.2021
Nigeria’s Securities and Exchange Commission says it is committed to creating a clear-cut regulatory framework for cryptos in the country
South Korea fastracks 20% tax on Bitcoin and crypto profits to 2022
22.2.2021
After much back and forth, South Korea appears to have finally set a hard date for the dawn of cryptocurrency taxation
Russian Bill to Recognize Cryptocurrencies as Property Advances in Parliament
22.2.2021
Russia’s parliament has advanced the bill that proposes to recognize cryptocurrencies as property. The proposed law will provide legal protection for cryptocurrencies but income from their activities will also be subject to taxation. Cryptocurrencies to Be Considered Property in Russia...
Bitcoin Hashrate Hits 180 Exahash, Mining Difficulty Climbs Higher, Pools Jump by 35%
22.2.2021
The price of bitcoin has climbed to phenomenal heights during the last few weeks and this has fueled the crypto asset’s mining sector a great deal. Despite the fact that the Bitcoin network’s mining difficulty has never been higher at 21.72 trillion, the hashrate has climbed to...
Skybridge Capital Founder Predicts $100K Bitcoin Price This Year Due to ‘Heavy Demand’ and Diminishing Supply
22.2.2021
The founder of asset management firm Skybridge Capital, Anthony Scaramucci, has predicted that the price of bitcoin will reach $100,000 before the year-end simply due to supply and demand. “You don’t have a lot of supply out there and very heavy demand,” he said. His firm...
‘Big Short’ Investor Michael Burry Warns Governments Could ‘Squash’ Bitcoin
22.2.2021
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned that governments could “squash” bitcoin in an inflationary crisis. Expecting more massive stimulus from the government, he said to “prepare for inflation.” Michael Burry Shares...
Federal Reserve Bank President James Bullard Confident Bitcoin Not a Threat to US Dollar
21.2.2021
The president of the Federal Reserve Bank of St. Louis, James Bullard, has shared his view on the future of bitcoin. He is confident that the cryptocurrency poses no threat to the U.S. dollar. Referencing the unpopularity of various versions of dollars issued before the Civil War by banks, Bullard...
Pricing Gold, Food, and Altcoins With the BTC Denominator: How to Measure an Asset’s Worth in Bitcoin
21.2.2021
On February 21, bitcoin touched a lifetime price high at $57,844 per unit after the crypto asset’s market valuation crossed the $1 trillion zone for the first time in history the day prior. Meanwhile, a number of digital assets have seen fiat values increase as coins like litecoin, ethereum...
Banks will be required to work with crypto, e-money and CBDCs to survive
21.2.2021
The global monetary landscape will have everyone storing electronic money, cryptocurrencies and central bank digital currencies in one bank
Chinese Tea Retailer Joins the Crypto Mining Industry After Hiring Two Roles to Lead Its ‘Bitcoin Business Plan’
21.2.2021
A Chinese tea retailer is looking to make its inception into the bitcoin mining business. Publicly-listed Urban Tea announced the expansion of its operations by appointing two executives to pursue its crypto plans. Urban Tea Praises Cryptocurrencies’ Widespread Popularity Per...
Day Trader Dave Portnoy Disturbed by Bitcoin Price — Vows to Never Buy BTC Again
21.2.2021
Day trader Dave Portnoy has admitted that he is an idiot when it comes to bitcoin after the price of the cryptocurrency continually hit all-time highs. He panic-sold his bitcoins when its price was just around $11,000 and has now vowed to never buy the cryptocurrency again. Dave Portnoy Regrets...
Bill Gates Neutral on Bitcoin but Says Cryptocurrency Is an Innovation the World Can Do Without
20.2.2021
Microsoft founder Bill Gates is no longer a bitcoin bear. He has now taken a neutral stance on bitcoin as an investment. However, as an innovation, he says that cryptocurrency is one that the world would be better off without because it allows for certain criminal activities. Bill Gates Changes...
Bitcoin skeptic debates Bloomberg analyst in latest Cointelegraph Crypto Duel
20.2.2021
Economist Frances Coppola and senior commodity strategist at Bloomberg Mike MgGlone clash on everything Bitcoin
Crypto Earning vs. Savings Accounts: How You Can Get Up to 17% Annually Holding Digital Assets
20.2.2021
The mainstream has caught a whiff of the gains cryptocurrencies like bitcoin and ethereum have seen, but many people are not aware of the passive income crypto users are getting as well. While financial incumbents are giving people with savings accounts a measly 0.35% to 0.60%, digital currencies...