Stock-to-flow creator doesn’t think Bitcoin’s bull market is done

Bitcoin’s price seems to have stalled below $60,000 after attaining new all-time highs earlier in March. PlanB, a crypto analyst active on Twitter, thinks Bitcoin (BTC) may still have a lot of room to gallup however.  “IMO we are only ~4 months into the bull market and nowhere near the end of it,” PlanB tweeted on Friday. “Bitcoin is just getting started,” he added, showing Bitcoin’s current path on one of his Stock-to-Flow charts. Multiple Stock-to-Flow models exist for Bitcoin which show Bitcoin’s price path in line with its halving events…

FOMO or fundamentals? Here’s why Orion Protocol (ORN) rallied by 730%

As the decentralized finance (DeFi) industry grows, new exchanges and liquidity pools constantly emerge. For the average investor, keeping track of all of them and finding the best yield opportunities has become increasingly complicated. The situation becomes even worse as centralized exchanges also offer staking opportunities. Therefore, the need for a liquidity aggregator that connects to several decentralized and centralized exchanges has become quite clear. Orion Protocol aims to provide access from a single platform for users to trade and swap pools. Instead of competing with exchanges, the service aggregates…

Crypto media runs with the bulls as new entrants compete against established brands

New opportunities arise during each Bitcoin bull run. The current ebullience has been driven by an influx of institutional investors, along with major payment providers like PayPal and Mastercard.  But why are they here to begin with? Much of the recent enthusiasm can be attributed to the vast and vociferous audience that’s been developed by a few organizations on the front-line: The crypto media companies that have spent the last few years educating millions of early adopters on the trillion-dollar crypto market as a whole. Joon Ian Wong, co-president of…

Superchief opens first-ever gallery dedicated to NFT art in New York City

Mainstream adoption of nonfungible tokens doesn’t seem to be slowing down anytime soon as the first-ever art gallery dedicated solely to NFT-backed art has opened in New York City.  Superchief, an artist collective that operates galleries in New York and Los Angeles, announced the launch of the new gallery in the Union Square neighborhood. The gallery will display NFTs via a collaboration with Blackdove, a manufacturer of high-resolution digital art display screens. The first exhibition, titled “Season One Starter Pack” (possibly a nod to the video game/digitial art cultural crossover)…

Massive Coinbase Outflows Suggest Bitcoin Price Is Ready To Bounce

Bitcoin price is reeling from a strong rejection from above $60,000 that has sent the leading cryptocurrency by market cap tumbling back down by more than $10,000 per coin. However, massive ongoing outflows of BTC continue to leave popular cryptocurrency exchange Coinbase Pro at an alarming rate. The overall lack of BTC supply that only shrinks further by the day, will once again be dominated by demand, potentially causing the previously trending cryptocurrency to bounce. Could that bounce develop into a resumption of the historic uptrend? Here’s what fundamentals are…

Chainalysis has crypto’s ‘heightened momentum’ to thank for multibillion-dollar valuation

Blockchain analytics firm Chainalysis recently added $100 million to its books thanks to investments from a number of parties, including Salesforce CEO Marc Benioff. In a report from CNBC on Friday, Chainalysis CEO Michael Gronager suggested that the success of this fundraising round was due to a feeling of “heightened momentum” in the cryptocurrency space. “Chainalysis, the blockchain analysis company, today announced it secured a $100 million Series D financing led by Paradigm, bringing its valuation to over $2 billion,” the company said on Friday in a statement provided to Cointelegraph.…

Is General Motors Planning to Accept Bitcoin Payments?

Key Takeaways General Motors CEO Mary Barra has commented on Bitcoin. Though GM does not want to invest in Bitcoin, Barra implied it could accept BTC as payment during a recent investor call. This ultimately depends on whether there is customer demand. Share this article Automotive giant General Motors is monitoring Bitcoin’s potential, according to statements from its CEO, but it is not yet clear whether the firm actually plans to accept the cryptocurrency. GM Is Monitoring Bitcoin General Motors CEO Mary Barra recently stated that the company “[doesn’t] have…

NFT craze and institutional money to bring next 100 million crypto users, says Crypto.com CEO

Watch Cointelegraph’s latest interview with Crypto.com CEO Kris Marszalek to understand the catalysts that will push crypto to 200 million users. For more crypto and blockchain content, check out and subscribe to Cointelegraph’s YouTube Channel! When adoption? It took over a decade for crypto to reach 100 million users, or ~1% of the global population, according to a study by Crypto.com. But Marszalek expects the next 100 million users to arrive in a far quicker time frame. He said: “Going from 100 to 200 million is going to be much,…

Pro traders close Ethereum longs even after today’s $1.15B options expiry

Ether (ETH) rebounded from a $1,550 low on March 24, which marked a 17% fall from the $1,870 weekly high. Even though the $1.15 billion options expiry in the early hours of March 26 could have pressured Ether price, the continuing surge in gas fees for Ethereum transactions likely played a part. To better assess these forces, one should analyze top traders’ exposure using data provided by the largest crypto exchanges. If the case for the options expiry holds, the long-to-short data from whales and arbitrage desks will show buying…

Crypto Analytics Firm Chainalaysis Now Valued at $2 Billion

Share this article Crypto analytics firm Chainalysis secures a $100 million investment at a valuation of $2 billion.  Chainalysis Continues to Turn Heads Chainalysis’s eighth funding round was led by Paradigm, with participation from TIME Ventures, the investment fund by billionaire investor Marc Benioff, including early stakeholders Addition and Ribbit.  Previously, it has obtained $166 million in seven rounds from July 2015 to November 2020. The last investment brought $100 million as well, however, at a valuation of $1 billion.  Under Benioff, TIME has increased its focus towards Bitcoin as…