Tezos (XTZ), Synthetix (SNX) and Yearn.finance (YFI) lead the DeFi revival

The strength of Bitcoin’s (BTC) uptrend appears to be growing as the top-ranked digital asset soared above $40,000 earlier today. It’s probably safe to say that many investors are completely astounded by the fact that BTC has doubled its value only a month after breaking through the $20,000 mark. This suggests that the buying has continued unabated, signaling strong demand at every higher level. This bullish sentiment has pulled several altcoins higher with the total crypto market capitalization extending above $1 trillion. Crypto market data daily view. Source: Coin360 As most…

Ripple CEO Reveals New Details About SEC Lawsuit

Key Takeaways Ripple’s CEO has revealed that the firm tried to settle with the SEC prior to the regulator filing charges against it. Ripple’s legal counsel says that the firm’s full legal team will announce themselves soon. The firm will file a legal response in the coming weeks. Share this article Ripple CEO Brad Garlinghouse has revealed several new details about the SEC’s lawsuit against the firm and its XRP sales. Ripple Tried to Settle With SEC Garlinghouse revealed on Twitter that Ripple was originally unable to settle with the…

These Levels All Suggest Bitcoin Could Rally to $48,000 Before Peaking

Bitcoin has seen some wild price action today, setting new all-time highs before facing a 10% pullback that took place over the span of a few minutes This pullback was short-lived and has mostly been erased in the time since This type of volatility is to be expected in bull markets and is certainly not something indicative of a mid-term or long-term top It is important to also keep in mind that while BTC retraced heavily for a short period of time, the buying pressure at $36,000 was intense One…

Hodler liquidates to pay off parents’ mortgage

Reddit’s r/Bitcoin community continues to pull on our heartstrings. On Thursday, a user by the name of “bigtony96” claimed to have sold their entire Bitcoin (BTC) stash to pay off their parents’ mortgage.  The Redditor supposedly unloaded a total of 6 BTC accumulated over the past three years to close out the remaining balance on their parents’ home. They said there was enough money left over to cover taxes and, possibly, buy a new car. “Today is the day I’ve dreamt of for the past several years, and it feels…

Altcoins and stocks move higher after Bitcoin price rally to $40,000

The price of Bitcoin (BTC) hit a new all-time high above $40,000 on Jan. 7 after the price increased by more than $5,000 in less than 24-hours. BTC/USDT 4-hour chart. Source: TradingView.com The $40,000 barrier marks a significant milestone for the top-ranked cryptocurrency. According to Matt Blom, head of global sales trading at EQUOS: “Bitcoin’s march to $40k has been driven by fresh capital from huge hedge funds, corporate treasuries and awareness from the investing public that all is not well in the world of fiat. It’s easy to forget…

Uphold Will Resist SEC’s Lion-Like Hunger for XRP

Key Takeaways Uphold says that it will not delist XRP despite the SEC’s current lawsuit against Ripple. It will only do so if the SEC declares unequivocally that XRP is a security, or if trading volumes decline to an unreasonable point. Meanwhile, Blockchain.com and several other exchanges plan to delist XRP for the time being. Share this article Uphold has revealed its stance on XRP delisting in the wake of the U.S. Securities and Exchange Commission’s lawsuit against Ripple. Uphold Will Not Delist XRP Uphold has stated that it will…

Following Brexit, the UK asks crypto industry about rules for cross-border stablecoins

Her Majesty’s Treasury requests and requires the crypto industry’s input on prospective regulation. In a Jan. 7 announcement of open consultation, the United Kingdom’s finance policy department is asking the crypto community to weigh in on a series of proposals: “The government invites views from a wide range of stakeholders, and particularly firms engaged in cryptoasset activities.”  While Brexit formally came into effect early last year, New Year’s Eve was the end of freedom to work and live between the UK and the EU. The question lingers in today’s consultation as…

Bitcoin Trend Strength Suggests No End In Sight, Second Most Poweful Historically

Crypto enthusiasts expected Bitcoin to pick up momentum in 2020 thanks to the asset’s block reward halving mechanism. At best, investors anticipated a repeat of the 2017 rally, but the law of diminishing returns made such a scenario an unlikely reality. But instead, the current uptrend is now the second most powerful in the cryptocurrency’s history. Here’s what a technical trend strength measuring tool says about where Bitcoin could go from here. Perfect Storm Economic Environment Fuels Unstoppable Cryptocurrency Momentum Bitcoin is well known and even feared for its bubble…

Tesla’s crypto-friendly CEO is now the richest man in the world

Elon Musk, CEO of SpaceX and Tesla, has surpassed the net worth of Amazon founder Jeff Bezos. “Elon Musk has become the world’s richest person, as his net worth crossed $185bn (£136bn),” the BBC reported on Thursday. The futuristic businessman gained staggering wealth last year. “Musk started 2020 worth about $27 billion, and was barely in the top 50 richest people,” CNBC noted on Thursday, adding: “Tesla’s rocketing share price — which has increased more than ninefold over the past year — along with his generous pay package have added…

What type of situation, if any, could crash Bitcoin? VC firm partner speculates

During the market downturn in March 2020, Bitcoin (BTC) fell over 50% in value across a two-day period. Traditional financial markets also dropped vastly in March. Although Bitcoin posted a standout recovery, going on to smash all-time price highs, one might wonder what, if any, condition could instigate a similar future drop for crypto’s largest asset. Dermot O’Riordan, partner at venture capital outfit Eden Block, recently gave his thoughts on the matter.  “In the short-term Bitcoin’s value prop as a non-sovereign censorship resistant hedge to the dollar is growing stronger…