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Morgan Stanley, one of the biggest investment banks in the U.S., is reportedly considering investing in Bitcoin (BTC), according to reports. Bloomberg reported that Morgan Stanley’s $150 billion investing arm called Counterpoint Global could place Bitcoin to “its list of possible bets.” BTC/USDT 1-hour price chart (Binance). Source: TradingView.com Bitcoin begins recovery after the . . . → Read More: Bitcoin price rebounds as Morgan Stanley reportedly considering buying BTC In one of the largest exploits of the DeFi era, this morning an attacker successfully drained over $37 million from Alpha Homora by leveraging Cream’s Iron Bank protocol-to-protocol lending platform. Alpha Finance Lab, whose protocol was audited by Quantstamp and Peckshield, announced on Twitter this morning that they were aware of an attack, . . . → Read More: Alpha Homora loses $37 million following Iron Bank exploit While Bitcoin (BTC) has been in the spotlight since the start of the year, and even more so given the recent $1.5-billion Tesla purchase, Ether has not been lagging behind. Ether (ETH) is currently sitting at $1,800, and its network has now processed over 1 billion transactions, mostly on the back of the . . . → Read More: DEXs becoming unusable? How to navigate record gas fees ahead of Eth2 US Dollar Fundamental Forecast: Neutral US Dollar downtrend resumed course as the S&P 500 climbed Lower liquidity leaves Greenback in a position to capitalize on Favorable ‘risk-on’ environment also leaves USD vulnerable Recommended by Daniel Dubrovsky How can trader positioning influence price trends? Get My Guide . . . → Read More: US Dollar Fundamental Forecast: Downtrend to Resume Course as Stocks Climb? Crude Oil Fundamental Forecast: Bearish Crude oil prices continued to rise into the weekend as market structure improved EIA, OPEC reports point to near-term risks, but rosier conditions later this year Market backwardation is encouraging refiners to ramp up available capacity utilization Recommended by Thomas Westwater Get Your . . . → Read More: Crude Oil Prices Set to Extend Further. Have Prices Ran Too Far, Too Fast? Bitcoin (BTC) price posted a 25% gain after this week’s news of Tesla’s $1.5 billion BTC investment came out. Prior to this reveal, BTC was lagging behind Ether’s (ETH) performance by 7.5% but the numerous bullish events of the past few days helped BTC to hit a new all-time high at $48,900. Previous to . . . → Read More: Key Bitcoin price metric signals traders are positioned for $50K BTC Australian Dollar Fundamental Forecast: Mixed Surging iron ore prices have counterbalanced the RBA’s decision to extend its bond purchasing program. Better-than-expected employment and retail sales figures may open the door for AUD to continue gaining ground. Recommended by Daniel Moss Get Your Free AUD Forecast Get . . . → Read More: Australian Dollar Forecast: Iron Ore Prices Counterbalancing Dovish RBA On Feb. 12 Bitcoin (BTC) price hit a new all-time high at $48,985 before pulling back to the $46,000 level. A quick glance at the 4-hour chart shows the top-ranked cryptocurrency trading in what appears to be a brief phase of consolidation but BTC is still maintaining its bullish momentum through a pattern of . . . → Read More: Bitcoin bulls eye $50K as data show BTC’s liquid supply in steady decline In a post today on their governance and research forums, the team behind decentralized finance (DeFi) DEX protocol 0x announced initial plans to decentralize their governance by creating a “community-owned treasury seed-funded by 0x Labs.” “As we continue our mission to create a tokenized world where all value can flow freely, 0x Labs . . . → Read More: 0x takes initial steps towards decentralizing governance Bitcoin has gained significant media attention in recent days, in line with its price rise to nearly $50,000, the institutional implications of Tesla’s recent $1.5B purchase. Nassim Nicholas Taleb, who previously worked as a risk analyst and options trader, views Bitcoin (BTC) less than optimistically, however. “I’ve been getting rid of my BTC,” Taleb . . . → Read More: Former risk analyst explains why he’s selling his Bitcoin Bitcoin hit just shy of $50,000 in the past 24 hours, following news earlier this week that Tesla had purchased $1.5 billion worth of the asset. Despite Bitcoin (BTC) rising more than 100% past its 2017 high near $20,000 over the course of the past few months, Cheds, a crypto analyst and trader on Twitter, thinks . . . → Read More: Traders say there aren’t many reasons to be bearish on Bitcoin Financial regulators across the world finally seem to be warming up to the idea that cryptocurrencies can trade in tandem with stock markets and also in exchange-traded funds (ETF). On Feb. 11, Canada’s Ontario Securities Commission approved the proposal of a Bitcoin ETF by Accelerate Financial, which marks the first approval of a Bitcoin . . . → Read More: Price analysis 2/12: BTC, ETH, ADA, XRP, DOT, BNB, LTC, LINK, XLM, BCH Euro Stoxx 50, German Bunds Talking Points: Euro Stoxx 50 trades near 3,700, highest level since Feb. 2020 German 10yr Bund yields rise to highest level since Sept. 2020 Eurozone economy likely to face double-dip recession Advertisement Euro Stoxx 50 Nears 3,700 For First Time Since February 2020 The Euro Stoxx 50, Europe’s . . . → Read More: Euro Stoxx 50 Climbs to Pandemic Record, 10yr Bund Yields Rise to Five Month High The 1inch.exchange protocol, a platform that aggregates decentralized exchanges and provides its own automated market maker, is airdropping a new stash of its 1INCH tokens. The airdrop follows the initial generation of the new tokens on Christmas, which were distributed to past users of the aggregator. A common point of contention for the . . . → Read More: DeFi aggregator 1inch stages new ‘vampire airdrop’ to Uniswap users British Pound (GBP) Price Outlook – Neutral to Bullish UK data marginally better-than-expected, vaccination program hitting targets. Sterling continues to strengthen against a range of currencies. Recommended by Nick Cawley Download our Q1 Sterling Forecast Get My Guide The first look at . . . → Read More: British Pound Outlook: Sterling Continues to Move Higher, Vaccination Program Hitting Target Rand Dollar Outlook: Advertisement In anticipation of the annual South African budget speech, scheduled for 24 February 2021 , the State of the Nation Address (SONA) delivered by President Cyril Ramaphosa last night, set the tone for the economic recovery as investors listened with intent for any signs of potential changes to monetary . . . → Read More: South African Rand Dollar Forecast: USD/ZAR Eyes January Lows GOLD PRICE, S&P 500 INDEX UNFAZED BY DISAPPOINTING CONSUMER SENTIMENT REPORT Monthly consumer sentiment data from UofM dropped to 76.2 and missed market forecast Gold price action bouncing off intraday lows as consumer inflation expectations rise to 3.3% S&P 500 Index unfazed by the sentiment report with focus on fiscal stimulus, vaccine rollout Advertisement . . . → Read More: Gold, S&P 500 Firm Despite Consumer Sentiment Report Miss A little-known blockchain project more than doubled in value overnight following the announcement of its involvement in a European Union digital economy research program. The spot price for the Ethereum-based Streamr (DATA) token increased 116% leading into Feb. 12, after it was revealed the project would be used as part of an EU . . . → Read More: Beyond Bitcoin? Little known project jumps 116% on €2.75M EU ‘new money’ grant The crypto derivatives market is dominated by Bitcoin (BTC) and Ether (ETH), with the main platforms being Huobi, Chicago Mercantile Exchange, OKEx, Bybit and Deribit. The CME has also dipped in the Ether pool by launching its Ether futures on Feb. 8, which amounted to $30 million notional volumes on the first day. Prior . . . → Read More: Rising Bitcoin and Ether derivatives markets are shooting for the spot Key Talking Points: DAX 30 struggles to break higher, bears seem to be regaining control CAC 40 loses bullish momentum at a new attempt to break above 5,700 Recommended by Daniela Sabin Hathorn Get Your Free Equities Forecast Get My Guide DAX 30 . . . → Read More: DAX 30, CAC 40 Forecast: Indecision Creeps in, Bears Try to Regain Control GBP/USD, EUR/GBP Price Analysis & News GBP/USD Sees Limited Reaction to Better Than Expected GDP EUR/GBP Remains Bearish Below 0.8860 UK Q4 GDP Recap UK GDP Q4 Y/Y: –6.5% vs Exp. –8.1% (Prior –8.9%) – Q/Q: 1.0% vs Exp. 0.5% (Prior 4.1%) UK GDP for the fourth quarter came in . . . → Read More: British Pound (GBP) Latest: GBP/USD Upside Persists , EUR/GBP Bearish – UK GDP Firms Dow Jones, S&P 500, Fiscal Stimulus, Federal Reserve, Earnings – Talking Points: Equity market drifted lower on light volumes during APAC trade. US benchmark indices may slide lower despite a relatively positive fundamental backdrop. Bearish RSI divergence suggests that the SP 500 and Dow Jones could be at risk of a short-term pullback. Advertisement . . . → Read More: Dow Jones, S&P 500 Forecast: Surge to Record Highs Running out of Steam Electric car manufacturer Tesla has seen more than $55 billion wiped from its market cap since announcing the purchase of $1.5 billion in Bitcoin four days ago — but Twitter and MasterCard have headed in the other direction. Since Tesla’s announcement on Monday, the electric car giant’s stock price has dropped 7% from . . . → Read More: $50B wiped from Tesla after BTC buy — but MasterCard and Twitter surge Crude Oil, Gold, OPEC, IEA, Commodities Briefing – Talking Points: Crude oil ends 8-day winning streak as IEA, OPEC cut demand outlook. Gold slips on better-than-expected US jobless claims figures. Stimulus progress will likely determine the short-term trajectory of both commodities. Advertisement Crude oil ended its longest winning streak in two years overnight, . . . → Read More: Crude Oil Slips as OPEC, IEA Cut Demand Outlook, Gold Eyes US Stimulus Andrew Yang, the Democratic Party front-runner in the race to be New York’s next mayor said he would transform New York City into “a hub for BTC and other cryptocurrencies” noting the city to be “the world’s financial capital.” The former presidential candidate made the comment in a tweet earlier today which drew . . . → Read More: Andrew Yang says he’ll transform NYC into a Bitcoin hub if elected mayor A Bitcoin exchange traded fund for investment firm Accelerate Financial has been approved in Canada. This makes it the first officially approved Bitcoin ETF in North America after the Ontario Securities Commission gav the green light for the institutional product. The decision document was approved on Thursday, Feb. 11, and covers the following . . . → Read More: First Bitcoin ETF approved in Canada Today, yield aggregator Harvest Finance and multi-service platform Value DeFi — two Ethereum-native decentralized finance (DeFi) protocols accounting for nearly a billion dollars in total value locked between them — announced planned expansions to Binance Smart Chain, the smart contract platform built by crypto exchange giant Binance. Not everyone in the Ethereum community . . . → Read More: Ethereum devs grumble as Harvest Finance and Value Defi eye Binance Smart Chain Wall Street, AUD/USD, Lunar New Year, RBA – Talking Points Wall Street sees mixed trading as investors assess the economic recovery Light volume and economic prints ahead as Lunar New Year holiday kicks off AUD/USD is aiming higher despite dovish comments from RBA board member Recommended by Thomas Westwater . . . → Read More: Australian Dollar Rises as Lunar New Year Begins – Will AUD/USD Gain Further? Powers On… is a new monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an Adjunct Professor at Florida International University School of Law, where he teaches a course on . . . → Read More: Powers On… The battle for digital asset supremacy and the consequences of U.S. capitulation The price of Ether (ETH), the native cryptocurrency of Ethereum, has been stagnating against Bitcoin in recent days after a strong few weeks against BTC. In the past few weeks, ETH and BTC have shown some inverse correlation as ETH rallied strongly when BTC consolidated, and vice versa. ETH/BTC 15-minute price chart (Binance). Source: . . . → Read More: Ethereum is struggling again vs. Bitcoin: Why is ETH/BTC showing weakness? At ETH Denver’s virtual conference, non-fungible tokens have been in the limelight with seven mainstage presentations devoted to utility, adoption, and novel use cases — a sign of growing acceptance for what was once considered a niche or lesser application of blockchain tech. While the seven presentations have been dwarfed by decentralized finance’s . . . → Read More: NFTs take center stage at ETH Denver 2021 Not all analysts are convinced that Tesla’s recent acquisition of $1.5 billion worth of Bitcoin (BTC) will prove to be as beneficial for the tech giant as it was for the BTC coin price. Head of equity strategy at Saxo Bank, Peter Garnry, wrote in a research note that Elon Musk had exposed . . . → Read More: Tesla’s $1.5B Bitcoin buy throws the cat amongst institutional pigeons Finance Redefined is Cointelegraph’s DeFi-centric newsletter, delivered to subscribers every Wednesday. It seems that this week, finally, the community has had enough of Ethereum’s gas fees. That is obviously a bit of hyperbole, as gas fees are high precisely because people are willing to pay such a premium for Ethereum block space. But we’re . . . → Read More: Finance Redefined: Is this the escape from Ethereum? Feb. 3–10 An Ethereum-based project has been forced to cease development due to rising gas prices, as the cost of transacting on the blockchain continues to push new highs. The official Twitter account for social media token project Unite announced on Feb. 10 that the project was no longer in active development, adding that the original idea . . . → Read More: Ethereum-based social media project shuts down as ETH fees approach new highs GBP price, news and analysis: GBP/USD is under modest downward pressure in early London trade Thursday but its trend higher remains intact and further gains are still likely. The US remains the main driver of the pair, with USD weakened by a dovish Fed, the prospect of more free money and a benign inflation . . . → Read More: British Pound (GBP) Latest: GBP/USD Trend Higher Still Intact Canadian Dollar, CAD/JPY, USD/CAD, Crude Oil, Coronavirus Infections – Talking Points: The US Dollar continued to lose ground during APAC trade after last night’s underwhelming CPI figures. Falling Covid-19 cases and resilient oil prices may underpin the Canadian Dollar. CAD/JPY poised to extend recent gains while USD/CAD is eyeing a push to retest the . . . → Read More: Canadian Dollar Forecast: Declining Infections, Oil Prices to Buoy CAD Platinum, Crude Oil, S&P 500, OPEC, Commodities Briefing – Talking Points: Platinum prices surge to about a 6-year high as USD fell WTI crude oil prices wobbled after volatility in S&P 500 Energy prices eyeing OPEC, platinum momentum fading Recommended by Daniel Dubrovsky What are the top trading . . . → Read More: Platinum Price Charges to 6-Year High, Crude Oil Eyeing OPEC Outlook Report Gold, Silver, US Real Rates, Inflation Expectations, US Dollar – Talking Points: Climbing inflation expectations, falling real rates of return, and a weaker USD may bolster precious metal prices. Gold prices approaching key inflection point at the 200-MA. Silver prices continuing to track the uptrend extending from the March 2020 nadir. Are further gains . . . → Read More: Gold, Silver Forecast: Real Rates, Weak USD May Underpin XAU, XAG Legal advisors have warned that Tesla chief executive Elon Musk could come under scrutiny from the U.S. Security and Exchange Commission over his social media activity around Bitcoin. On Monday, Feb. 8 Tesla announced in an SEC filing that it had purchased $1.5 billion worth of Bitcoin and will soon start accepting BTC . . . → Read More: Lawyers warn Elon Musk’s Bitcoin tweets could attract SEC’s ire MasterCard has announced plans to support cryptocurrencies in 2021, paving the way for its nearly one billion users to spend digital assets at more than 30 million merchants. The firm believes this may open merchants up to new customers and build loyalty with existing customers who are already migrating to digital assets over . . . → Read More: MasterCard announces support for crypto on its network According to analysis by Mark “Murch” Erhardt of Chaincode Labs, 88% of all Bitcoin transaction inputs pay higher fees than are necessary. Erhardt bases his conclusion on data showing just 12% of transaction inputs use the SegWit format, which is less fee intensive than transacting with legacy inputs. Erhardt believes that a reliance . . . → Read More: 88% of all BTC transfers are overpaying transaction fees DOW JONES, HANG SENG, ASX 200, ASIA-PACIFIC MARKET OUTLOOK: Dow Jones index edged higher while the Nasdaq Composite retreated from record highs Weaker-than-expected US inflation data led the US Dollar lower, buoying commodity prices Asia-Pacific markets are heading into quieter trading sessions due to Chinese New Year Holiday Recommended by . . . → Read More: Dow Jones, Hang Seng, ASX 200 Outlook: Chinese New Year Bringing Lower Liquidity Bitcoin’s (BTC) recent institutional investor-driven rally has steadily pushed its price to new all-time highs and while investors are intensely focused on BTC’s price action, a number of altcoins have also secured new multi-year highs. On. Feb. 10, the total crypto market capitalization hit a new high at $1.42 trillion less than a week . . . → Read More: Avalanche (AVAX), Matic and Celo rally while Bitcoin price pulls back On Feb. 10, Bitcoin (BTC) price pulled back 5% from its newly established $48,220 high and a number of altcoins also underwent slight corrections. Data from Cointelegraph Markets and TradingView shows Bitcoin has declined 4.96% since yesterday’s highs and currently trades at $44,900. The pullback to the $45,000 level could simply be the . . . → Read More: Ethereum killers and layer-2 tokens rally despite 5% Bitcoin price drop Today, Bitcoin-on-Ethereum yield vault project BadgerDAO and fellow yield vault platform Yearn.Finance announced a partnership designed to bring Yearn’s sustainable vault expertise to Badger. “Today we’re excited to develop a partnership that will bring our teams together to further accelerate best in class BTC vaults for the industry,” BadgerDAO said in a blog . . . → Read More: BadgerDAO partners with Yearn.Finance to build sustainable Bitcoin vaults Bitcoin’s (BTC) market capitalization topped $889 billion on Feb. 9, pushing BTC above the value of Tesla and the Russian ruble, according to data from AssetDash. The current rally is longer limited to Bitcoin as several altcoins have been surging in the past few days. This shows the buying interest is broad-based and today . . . → Read More: Price analysis 2/10: BTC, ETH, ADA, XRP, DOT, BNB, LTC, LINK, DOGE, BCH Balancer Labs announced today a $5 million investment round led by DeFi (decentralized finance) mainstays Three Arrows Capital and DeFiance Capital. The two VCs now join Pantera Capital and Alameda Research in investing, bringing Balancer’s series A round to a total of $12 million raised. The investment might come as a surprise to . . . → Read More: Following V2 plans, Balancer raises $5 million from Three Arrows & DeFiance The total value locked in decentralized finance — a measure of the total value of assets committed to the DeFi ecosystem —has marked a new all-time high close to $40 billion. According to DeFi Pulse, the figure hit the $39.79 billion mark on the morning of Feb. 10. TVL chart by DeFi Pulse While . . . → Read More: Total value locked in DeFi marks new all-time high close to $40B Premier League football club Southampton FC has entered into a partnership with cryptocurrency betting website Sportsbet.io. The new venture will give Southampton fans the chance to take in the matchday experience during the COVID-19 lockdown via virtual reality headsets, while influencers will reportedly be granted sums of Bitcoin (BTC) to create unique VR . . . → Read More: Premier League football club enters VR partnership with crypto betting site The Monero community has posted a proposal to add XMR as a payment option on the Tesla website. Shortly after Elon Musk’s Tesla Motors hinted that they may start accepting Bitcoin (BTC) payments its electric cars, the Monero community suggested that XMR could also be a good payment option. After posting a CCS proposal . . . → Read More: Monero community wants Elon Musk to add XMR as Tesla payment option GBP price, news and analysis: GBP/USD has nudged above the 1.38 level, gaining from ‘risk on’ sentiment that continues to weaken the US Dollar. Hopes for a global economic recovery and positive US corporate earnings are still outweighing suggestions that the risk rally has been overdone, and that should lift GBP/USD further towards the . . . → Read More: British Pound (GBP) Latest: GBP/USD Rising, Well Positioned to Climb Further US Dollar, USD/JPY, Inflation, Fiscal Stimulus, US 10-Year Treasury Yields – Talking Points: Fiscal stimulus progress and a dovish Federal Reserve may cap the US Dollar’s upside against its higher-beta counterparts. However, rising Treasury yields could lead to further gains for the Greenback against the Japanese Yen in the short term. Advertisement Asia-Pacific Recap . . . → Read More: US Dollar Forecast: USD/JPY Rebound at Risk with Inflation Data on Tap CRUDE OIL PRICE OUTLOOK: WTI retreated from a 12-month high during APAC trade after gaining over 11% over the past 7 sessions Markets have likely baked in reflation expectations and stimulus hopes, rendering prices vulnerable to a technical pullback API revealed a larger-than-expected fall in US crude inventories, which may cushion downside potential . . . → Read More: Crude Oil Prices Retreat in Asia as Demand Concerns Overweight Stimulus Hopes The launch of Chicago Mercantile Group’s highly anticipated Ether futures saw more than $30 million worth of contracts traded during the first day of trade. Launched on Feb. 8, CME’s new Ether product saw 388 contracts traded in its first day, with 303 of the contracts being mobilized to speculate on February’s price. While . . . → Read More: CME’s Ether futures drove more than $30M volume on first day The exponential rise in Bitcoin’s price and hash rate is driving critics to once again question the largest blockchain’s energy efficiency — with calls for “green hackers” to band together to mount an attack on the network. Total world production and consumption vs. Bitcoin. Source: CBECI A self styled “developer and ecologist” who goes . . . → Read More: Bitcoin energy debate resurfaces with calls for ‘green hackers’ to attack network The administrator of dark.fail, a website providing verified links to darknet markets, claims that exchanges are unfairly closing accounts donating Bitcoin to the service after implementing a Chainalysis transaction flagging system. The admin alleged in a tweet that two donors of Bitcoin to the website had their accounts blocked by exchanges that recently . . . → Read More: Darknet market link provider claims its Bitcoin donors’ accounts were frozen S&P 500, NIKKEI 225, ASX 200 INDEX OUTLOOK: Asia-Pacific stocks are poised for a mixed start as US equities hovered at record highs Democrats are pushing through a US$ 1.9 billion relief package with broadened eligibility to stimulus cheques Treasury yields retreated alongside the US Dollar Index (DXY) ahead of key inflation data from . . . → Read More: S&P 500, ASX 200, Nikkei 225 Forecast: Stimulus, Inflation Data in Focus GBP/USD PRICE OUTLOOK: US DOLLAR REFLATION TRADE FUELING POUND STERLING STRENGTH The US Dollar swooned on Tuesday and now trades in negative territory month-to-date following sharp declines over the last three consecutive sessions. US Dollar selling pressure was broad-based, though weakness relative to the Pound and Yen stood out in particular. GBP/USD price . . . → Read More: US Dollar Outlook: GBP/USD Breakout Eyed as Risk Rally Prevails Growing institutional interest in Bitcoin (BTC) helped elevate the top cryptocurrency to a new record high on Feb. 9 and led to a total market cap value higher than the market cap of the Russian ruble. Data from Cointelegraph Markets and TradingView shows Bitcoin established a new all-time high of $48,220 in the early . . . → Read More: Altcoins move higher as Bitcoin bull flag points toward $50K BTC price The decentralized finance (DeFi) “stimulus checks” keep coming as Tornado.Cash joins Uniswap, Badger DAO, StakeDAO, and others in “airdropping” a now-tradable TORN governance token to early protocol participants. Tornado Cash, which is an Ethereum “tumbling” service that obscures transactional history in order to preserve user privacy (as well as allow scammers and hackers . . . → Read More: TORN soars 200% as Tornado.Cash’s governance token becomes tradable IDEO, an American design and innovation consultancy firm, has filed for a new cryptocurrency fund through its blockchain-oriented venture capital subsidiary. IDEO CoLab Ventures, an early stage investment fund focused on blockchain development, has applied Tuesday for a new crypto fund with the United States Securities and Exchange Commission, or SEC. Called “IDEO . . . → Read More: IDEO CoLab Ventures files with SEC for new $100M crypto fund The price of Ether (ETH), the native cryptocurrency of Ethereum, achieved a new all-time high on Feb. 9, 2021. On Binance, ETH rallied to as high as $1,830 merely hours after it started to trade on CME. ETH/USDT 15-minute candle price chart (Binance). Source: TradingView.com Why is ETH rallying after the CME listing of . . . → Read More: Ethereum hits a new all-time high as CME futures go live: Why is ETH price rallying? Colony, an early Ethereum project aimed at building decentralized governance tooling, announced today that it is preparing for a relaunch that’s been five years, multiple missteps, and a few half-starts in the making. If successful, however, the new app could be a boon for the dozens of decentralized finance (DeFi) protocols currently struggling . . . → Read More: Can the launch of Colony v2 relieve DeFi’s governance woes? The Matic Network, a project developing an Ethereum-based layer-two solution and an independent proof-of-stake blockchain, announced Tuesday that it would rebrand to Polygon. While the existing products and the token would remain largely the same, the new branding signals a strategic change to become a layer-two aggregator. Polygon is set out to . . . → Read More: Matic rebrands to Polygon in pursuit of ‘Polkadot on Ethereum’ strategy For someone who devotes so much of his life to Bitcoin and finance — and who has made and lost a small fortune twice now — podcaster Peter McCormack doesn’t actually seem to care that much for money. “I did have a lot of money in my life a couple of times,” says . . . → Read More: ‘The wealthiest time of my life was the most miserable’: Peter McCormack GBP price, news and analysis: GBP/USD has broken above the January 27 high at 1.3759, reaching its highest level since April 30, 2018. That sets it up well for further advances, with the April 17, 2018 high at 1.4377 the long-term target once psychological resistance at 1.40 has been broken. Advertisement GBP/USD well placed . . . → Read More: British Pound (GBP) Latest: GBP/USD Breaks Higher, More Gains Likely US Dollar Price, News and Analysis: US dollar basket back below 91.00 US equity markets continue to hit record highs. Recommended by Nick Cawley Download our Fresh Q1 USD Forecast Get My Guide The US dollar is on the back foot again . . . → Read More: US Dollar Sell-Off Continues as Risk Markets Remain Buoyant Euro, EUR/USD, Fiscal Stimulus, Coronavirus Vaccinations, Inflation Expectations – Talking Points: Equity markets traded mixed during APAC trade as investors weighed the impact of rising inflation expectations. The Euro-area’s cumbersome vaccine rollout may limit the Euro’s upside against the US Dollar. EUR/USD is challenging a key inflection point. Is a continued push lower on . . . → Read More: Euro Forecast: EUR/USD Buoyed by Stimulus Despite Slow Vaccination Rate GOLD, SILVER PRICE OUTLOOK: Gold and silver prices extended higher, buoyed by a weaker US Dollar and stimulus hopes Rising inflation expectations may cushion precious metal prices against higher yields The world’s largest bullion ETF saw continuous outflow as investors turned to riskier assets Recommended by Margaret Yang, CFA . . . → Read More: Gold, Silver Price Forecast: Edging Higher as the US Dollar Retreats Lower Crypto asset manager CoinShares has reported that investment inflows into institutional cryptocurrency funds surged last week, and the majority of it was Ethereum. The report states that of the $245 million crypto inflow last week, 80% of it or $195 million was invested into Ether products ahead of the launch of the Chicago . . . → Read More: ETH represented 80% of last week’s institutional crypto inflows With Bitcoin rallying from $30,000 to $42,000 and back again during January, BTC’s annualized volatility rose to levels last seen in April 2020, according to a new report from U.S. crypto exchange Kraken. January was a roller-coaster ride for Bitcoin, with BTC rallying 46% to a new high of $41,989 before retracing 32% to . . . → Read More: Bitcoin volatility almost returned to ‘Black Thursday’ levels in January Dow Jones, HANG SENG, ASX 200, ASIA-PACIFIC MARKET OUTLOOK: Dow, S&P 500 and Nasdaq 100 climbed 0.76%, 0.74% and 0.67% respectively on reflation hopes Asia-Pacific equities may follow a strong US lead higher, underpinned by a weaker US Dollar Energy sector was boosted by higher crude oil prices. Tesla propelled Bitcoin prices . . . → Read More: Dow Jones Hits Record on Stimulus, Will Hang Seng and ASX 200 Follow? On Feb. 8 Bitcoin (BTC) price broke out to a new all-time high at $46,794 after documents from Tesla revealed that the company had allocated 7.7% of its gross cash position to BTC. The purchase gives Tesla a sizable $1.5 billion position in the top-ranked digital asset. Data from Cointelegraph Markets and TradingView shows . . . → Read More: Bitcoin price hits $46,794 as altcoins, stocks rally to new highs Today Bitcoin (BTC) price rallied to a new all-time high at $44,900 shortly after Tesla announced a $1.5 billion investment. This event triggered $555 million worth of shorts to be liquidated in two hours and it happened as Bitcoin futures open interest reached $13.7 billion, which is just 3% below its historical high. These . . . → Read More: Rising Bitcoin futures funding rate signals traders expect $50,000 BTC Bitcoin (BTC) broke out to a new all-time high today, buoyed by the news that Tesla has purchased $1.5 billion worth of Bitcoin, according to a filing with the Securities and Exchange Commission. In addition to the Bitcoin purchase, Tesla also plans to offer its customers the option of buying products with BTC. Instead of converting BTC . . . → Read More: Price analysis 2/8: BTC, ETH, ADA, XRP, DOT, BNB, LTC, DOGE, LINK, BCH Chinese cryptocurrency miners are reportedly buying Nvidia’s new laptops to mine Ether (ETH) amid the altcoin hitting new all-time highs. Nvidia’s latest GeForce RTX 30 laptops have become increasingly popular in China as a tool for mining cryptocurrency, according to several sources. On Feb. 6, a Weibo user known as BTCer posted a bunch of . . . → Read More: Chinese GPU miners reportedly bulk buying Nvidia laptops to mine Ether Many researchers and influencers have pointed this out as a bullish sign that illustrates increasing demand for the native token that powers many popular DeFi apps. Others look at this as more of a critical flaw that could make the asset harder to acquire and trade as it becomes progressively more embedded in locked . . . → Read More: Cointelegraph Consulting: Gauging the impact of ETH shortages on exchanges Tesla (TSLA) sent shockwaves across the financial markets Monday after a United States Securities and Exchange Commission filing confirmed that the electric vehicle maker has added Bitcoin (BTC) to its balance sheet. Tesla’s latest Form 10-K filing for the fiscal year ended Dec. 31, 2020 shows a $1.5 billion allocation to Bitcoin. As . . . → Read More: Tesla allocates 7.7% of gross cash to Bitcoin Decentralized finance has exploded over the past 12 months. The swapping, staking and yield farming successes have been well touted. The DeFi market cap has reached $45 billion, and there’s over $28 billion total value locked in DeFi today. That’s up from $600 million in January 2020 — a 4,300% increase. As with . . . → Read More: DeFi snowball will turn into a Web 3.0 avalanche Bitcoin (BTC) bulls seem firmly in the driving seat this week as the largest cryptocurrency begins Monday at near $40,000. After climbing through much of the previous week’s trading, BTC/USD is now up 15% compared to seven days ago — what’s next? Cointelegraph takes a look at five factors which may influence where Bitcoin . . . → Read More: CME Ethereum futures go live, Bitcoin caps its best week ever: 5 things to watch this week GBP/USD, EUR/GBP Price Analysis & News Hawkish BoE Underpins GBP Watch for Technical Exhaustion in Recent Trends Hawkish BoE Underpins GBP, But Watch for Technical Exhaustion in Recent Trends Risks remain tilted to the upside for the Pound, which has been reinforced by a hawkish BoE. Last week, the central bank downplayed . . . → Read More: British Pound (GBP) Latest: Key GBP/USD, GBP/JPY, EUR/JPY Levels to Watch Dow Jones, S&P 500, Non-Farm Payrolls, Permanent Job Losses, Fiscal Stimulus – Talking Points: Equity markets gained during APAC trade as investors bet on the impending delivery of additional fiscal support. Disappointing jobs figures for January may persuade US lawmakers to pass further stimulus in the near term. Dow Jones and S&P 500 indices . . . → Read More: Dow Jones, S&P 500 Outlook: Weak Jobs Data Bolsters Calls for Stimulus US Dollar, Singapore Dollar, Thai Baht, Indonesian Rupiah, Indian Rupee, ASEAN, Fundamental Analysis – Talking Points US Dollar gained versus SGD, THB despite a broadly ‘risk-on’ tone Rising medium-term US inflation bets may be aiding the Greenback APAC, ASEAN data: Philippine Central Bank, INR eyeing Indian CPI Recommended by Daniel . . . → Read More: US Dollar Outlook: SGD, THB at Risk as Treasury Yields Rise. USD/PHP Eyeing BSP The Anon Powered development team has announced today the launch of Premia, the latest decentralized finance (DeFi) options platform live on Ethereum. In an interview with Cointelegraph, the group of semi-anonymous developers behind Anon Powered — who collectively requested that they be referred to as “members of the Premia Republic,” the name for . . . → Read More: Anon-powered options: DeFi platform Premia goes live Bitcoin (BTC) has attracted several institutional investors in the past few months, but with the market capitalization sustaining above $700 billion, many more institutions are likely to contemplate buying Bitcoin. Similarly, Ether (ETH) with a market cap of about $180 billion also cannot be ignored by the investors. The institutional adoption of the top . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, DOT, LINK, XLM, THETA King Midas is most famously remembered through the fable we tell our kids that the king could turn everything he touched into gold. At first, it was a great idea that his greed turned even food into gold, leaving him wealthy but unable to live. Robinhood’s CEO and its board had the impossible . . . → Read More: Robinhood and GameStop proved we need a new financial system Recommended by Daniel Dubrovsky Check out the outlook for equities this quarter! Get My Guide Global market sentiment recovered this past week, with equities charging higher in North America, Europe and the Asia-Pacific region. On Wall Street, the S&P 500, Dow Jones . . . → Read More: Markets Week Ahead: Dow Jones, Nasdaq, US Dollar, Gold, Treasuries, Central Bankers As the United States Senate begins confirming leadership posts across commerce and the treasury, there has been meaningful momentum in the crypto community as a response. This is due to the profiles of various individuals who have been reportedly nominated, as well as the anticipated economic measures by the coming administration — both . . . → Read More: Crypto-friendly faces poised for positions in Biden administration S&P 500 FUNDAMENTALFORECAST: BULLISH US stocks returned to ‘rally mode’ amid strong earnings, vaccine rollout and fiscal stimulus hopes A strengthening US Dollar and rising Treasury yields may hinder the rally however The S&P 500 index is trading at a 31.6 price-to-earnings (P/E) ratio, far above its 5-year average Recommended . . . → Read More: Will the S&P 500 Extend Its Record Rally Against Rising Yields and USD? The decentralized finance or DeFi market saw a steep correction over the last 12 hours as Bitcoin (BTC) was unable to break the $41,000 level. Meanwhile, analysts say that the profits from major DeFi tokens are flowing back into Bitcoin, even though the DeFi market is still lagging behind despite BTC’s recovery over the . . . → Read More: Major correction for DeFi as Bitcoin rejected again above $40K: What’s next? Widespread high-level English language skills and relatively low wages have seen Filipino workers become a top choice for remote staff for blockchain projects around the world. But is the industry exploiting these workers, or has remote work during the pandemic helped the country to grow and develop? If you’ve ever contacted customer support . . . → Read More: The ethics of hiring cheap Filipino staff: Crypto in the Philippines Part 2 Fundamental Euro Forecast: Bearish Traders have become addicted to the US Dollar as a high US vaccination rate, the prospect of a strong economic recovery and the likelihood that the Federal Reserve will start to tighten monetary policy soon make it their currency of choice. That is bad news for EUR/USD, with the Eurozone . . . → Read More: Euro Forecast: EUR/USD Outlook Bleak as Traders Rush for US Dollars Since early 2020 the decentralized finance sector has been recieved a lot of attention due to its cutting-edge innovation and the lucrative high yield opportunities offered to cryptocurrency holders. Despite these features, this week’s record-high gas fees show that the sector is still having growing pains and the absence of a suitable layer 2 . . . → Read More: Whales profit as high Ethereum gas fees sideline retail DeFi investors In the traditional investing world ‘unicorn’ is a term used by venture capitalists to describe a privately held startup valued at more than $1 billion. Typically these startups have strong fundamentals and oftentimes a first-mover advantage that helps them rapidly rise in value to become prized investment opportunities for yield-seeking funds. Some of . . . → Read More: Growing list of billion-dollar crypto ‘unicorns’ suggest the best is yet to come Mike Shinoda, the musician and co-founder of rap-rock band Linkin Park, launched an auction on Rarible last night for “Zora,” a nonfungible token (NFT) music clip from a forthcoming song. In doing so, Shinoda joins an ever-growing throng of celebrities and influencers who are dipping their toes into NFT tech — and bringing . . . → Read More: In the end, do NFTs even matter? Linkin Park rapper joins celebrity NFT mania Ether’s (ETH) $10,000 Dec. 31 call options recently came under the spotlight after surpassing $15.2 million in open interest (8,400 contracts). These instruments give the buyer the right to acquire Ether at a future date for a fixed price and the seller is obliged to honor it. For this right, the buyer pays an . . . → Read More: Bullish $10K Ethereum call options excite traders but there’s a catch GOLD Fundamental Forecast: Bearish Advertisement Gold prices have been unable to hold ground and the commodity has faced two consecutive weeks of declines after an attempted break higher in mid-January. USD PICKS UP MOMENTUM A few factors are believed to be the key drives of gold weakness. Firstly, the US Dollar . . . → Read More: Gold, Silver Price Forecast: USD and Yields Turn Higher as Economic Data Improves Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin eyes $50K less than a month after BTC . . . → Read More: BTC bounceback, ETH’s ‘legit crisis,’ Elon Musk’s DOGE stunt: Hodler’s Digest, Jan. 31–Feb. 6 Launched in September 2020, PancakeSwap is a decentralized exchange (DEX) running on Binance Smart Chain. Instead of allowing its users to trade ERC-20 and ERC-721 tokens, the DEX focuses exclusively on Binance Chain BEP20. By using an automated market maker (AMM), the DEX allows tokens to be exchanged with no need for order books. . . . → Read More: PancakeSwap (CAKE) gains 444% as its daily DEX volume surpasses $90M GameStop and Twitter are both a mirage and an iceberg — but don’t try tweeting that. Not because you won’t own the tweet (because you won’t), but because the only completely true expression that Twitter is capable of delivering as a platform is unlocking the ugly truth about the internet itself. Or as . . . → Read More: Twitter, GameStop… enough! The world needs true decentralization |
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