Ethereum To See Fresh Move Soon? What Futures Data Says

Data shows the Ethereum Open Interest has been trading at relatively low levels recently. Here’s what this could mean for the asset’s price. Ethereum Open Interest Has Been Moving Sideways Since Its Plunge As explained by an analyst in a CryptoQuant Quicktake post, the ETH Open Interest has followed a similar trajectory as the price of the cryptocurrency recently.

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Is Bitbot a buy after BlackRock dubbed BTC not a ‘risk-on’ asset?

Bitcoin is not really a “risk-on asset” – it is, instead, more like digital gold, says Robert Mitchnick of BlackRock Inc. What Mitchnick said at the Bitcoin Investor Day conference Mitchnick agrees the world’s largest cryptocurrency does sometimes act similar to a high-risk tech stocks.

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Analyst Compares Polkadot to Solana, Says DOT Will Hit $16 If It Breaks This Leve

Crypto analyst CryptoGuerrilla shared an optimistic outlook on Polkadot’s DOT token, asserting that a surge to $16 will happen swiftly and catch many off guard. He notes similar chart structures across various altcoins that have broken out recently, using Solana’s massive run as a prime example.

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SEC charges Stoner Cats NFT creator with unregistered securities offer

SEC says Stoner Cats 2 LLC raised $8 million from investors by offering unregistered securities of NFTs. Stoner Cats will refund the money to investors and pay a $1 million fine. SEC recently charged Impact Theory over allegations of similar violations.

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Curve Scenario Looks Similar to SOL: CRV Eyes $1 Mark says Top Analyst, but There’s a Catch

The recent events surrounding the Curve Finance ($CRV) token have been a rollercoaster ride, with prominent Twitter analysts providing their insights and updates on the situation. Andrew Moh (@0xAndrewMoh), a well-known trader, raised concerns about the potential impact of Wintermute’s actions on the $CRV market.

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Ripple Lawsuit: SEC Might Be Hesitant to Go After Similar Cases, Law Veteran Says Why

Question of what is next remains in hearts of crypto market participants

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Former SEC Chair Says It Would Be Hard to Resist Approving Bitcoin ETF

In recent interview with CNBC, former SEC Chairman Jay Clayton expressed that it would be 'hard to resist' approving Bitcoin ETF as long as regulatory safeguards, similar to those in futures market, are in place

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AI should be regulated like medicine and nuclear power: UK minister

A minister from the United Kingdom’s opposition party says artificial intelligence should be licensed and regulated in a similar way to the pharmaceutical and nuclear industries.

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Bitcoin Price Double Fractal Points To “Extended” Parabolic Rally

Bitcoin price seems to merely be grinding upwards, with a dusting of chop in between. What corrections have arrived have been minimal, and are shockingly similar in both time and price. This fractal behavior could be a sign of an important Elliott Wave signal, that not only says that BTCUSD is about to go parabolic, but that the rally should be “extended” in its price movement.

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Former Coinbase CTO says current financial crisis similar to 2008

Balaji Srinivasan, the former Coinbase chief technology officer (CTO), is opposing Jerome Powell’s statement on the soft landing and compared the current financial crisis with that of 2008

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MicroStrategy’s Bullish Stance On Bitcoin “Stronger Than Ever” As Firm Post Q1 2023 Profits

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Warren Buffet says Bitcoin is a gambling token with no intrinsic value

Billionaire investor Warren Buffet believes that Bitcoin is a gambling token that has no intrinsic value. According to Buffet, investing in Bitcoin is similar to spinning a roulette wheel in hoThe post Warren Buffet says Bitcoin is a gambling token with no intrinsic value appeared first on AMBCrypto.

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BTC forming bottom akin to 2018 with one key difference: Bloomberg analyst

Bloomberg analyst Mike McGlone says Bitcoin is forming a bottom similar to how it looked prior to the 2019 bull run — but with one big difference.

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Nifty News: Trump’s NFTs tank, NBA star’s collection gone in 77 seconds and more...

NFT gaming is at a similar stage to the early mobile gaming days, says a Magic Eden exec, while an analyst from Dune Analytics claims that 58% of NFT trading volume this year has been wash trades.

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Crypto Oversight Should Resemble Traditional Bank Rules, Fed Official Says

Fed Vice Chair for Supervision Michael Barr said crypto activity needs similar oversight to traditional bank activities in his first speech since taking office.

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Crypto Is Coming to Esports: The Games and Economics of Tomorrow

Electronic games and crypto have long shared a similar trajectory. Long may that continue, says the futurist Daniel Jeffries.

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Risk profile of crypto markets similar to oil and tech: Coinbase

A hedge against the traditional market? Nope, crypto assets are now looking closer in risk profile to oil and gas, or EV stocks like Tesla, says Coinbase Institute’s chief economist.

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How into crypto are U.S millennials these days? Survey says...

A report by investing firm Alto has found that 40% of American millennials (those between the ages of 2 and 41) possess cryptocurrencies. A roughly similar percentage of respondents, according to the The post How into crypto are U.

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Mark Zuckerberg sees the metaverse as a ‘massive economy’ with a billion+ people by 2030

Mark Zuckerberg, the CEO of Meta Platforms (META), says his company has its eyes on further business expansion targeting the metaverse. The company, which has billions of users across its family of social media arms – Facebook, Instagram and Whatsapp – has plans to have similar numbers explore the metaverse.

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Crypto is not having a ‘Lehman moment’, says Nexo’s Trenchev

Nexo co-founder and Managing Partner Antoni Trenchev believes the crypto sector is not on the verge of a collapse similar to that witnessed in 2008 with the then financial services giant Lehman Brothers.

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OCC Chief Says Stablecoins Need Common Standard

The acting chief of the Office of the Comptroller of the Currency has claimed that stablecoins should be given a common standard similar to the way that certain web practice...

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US Federal Reserve says Russia sanctions highlight need for crypto regulations

The chairman of the US Federal Reserve, Jerome Powell, has called for a comprehensive regulatory framework for digital assets amid the conflict between Russia and Ukraine. Powell’s remarks are similar to those of Christine Lagarde, the president of the European Central Bank.

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ADA, DOT, SOL Have Big Potential to Thrive, Santiment Says, Here's Why

Santiment believes that these three "Ethereum killers" have better chances to thrive than other similar blockchain platforms

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Wells Fargo Says It Is Not Too Late to Buy Bitcoin

The banking giant said Bitcoin is nearing a “hyper-adoption phase” similar to the internet in the mid-to-late 1990s.

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Is The Bitcoin Bottom In? Here’s What SOPR Data Says

Bitcoin has continued its rally breaking above $42k today, making many wonder whether $33k was the bottom. Here’s what the SOPR data says about it. Bitcoin Short-Term Holder SOPR Starts Turning Green Again As explained by an analyst in a CryptoQuant post, the current BTC SOPR pattern may look similar to that around the bottom formation back in July of last year.

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The NFT Craze is Quite Similar to the 2018 ICO Bubble but More Creative, Says Dr. Dark

In a recent interview with BTCManager, Dr. Dark talked about four things concerning NFTs, including the NFT space right now and the high gas fees on Ethereum that people are ok paying even up to $100 for each transaction.

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Quant: Bitcoin Indicators Now Look Similar To Q4 2020, Big Move Ahead?

Quant says some Bitcoin indicators show the same trend as in during Q4 2020, suggesting that BTC could make a similar move up. Bitcoin Netflow And Stablecoins Supply Ratio Trends Look Similar To Q4 2020 As explained by an analyst in a CryptoQuant post, two BTC indicators: the netflow and the stablecoins supply ratio, are both trending similarly to how they did during the last quarter of 2020.

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Expect Ethereum To Crush Bitcoin Within Five Years, Says CEO Of Largest Financial Advisory Firm

Nigel Green, the CEO and founder of one of the world’s largest independent financial advisory organizations, the deVere Group is one amongst many who is very bullish on Ethereum (Ether). Green has shared sentiments similar to other Crypto proponents on Ether’s potential.

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Veteran Trader Peter Brandt Claims There Are Similarities Between Charts of Ethereum and Tesla

Veteran trader Peter Brandt says that Ethereum's price chart is similar to that of Tesla

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Bitcoin Holders Among Young US Investors More Than Quadrupled, Gallup Poll Says

There’s still a long way to go, but analytics firm Gallup asked US investors about Bitcoin and got increasingly positive results. Slowly but surely, Bitcoin is reaching mainstream status. Gallup made a similar survey in 2018, and the compared data from both tells an interesting and bullish story.

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Only 0.02% of Stimulus Checks Spent on Bitcoin, says Cleveland Fed

EIPs had a 3. 8% increase, a “significant but modest” effect in the volume of BTC/USD buy trading volume, same as in Japan, Singapore, and South Korea, which was limited to younger people. As such, policymakers shouldn’t be concerned about money being diverted to crypto when considering similar economic relief programs in the future, the Fed said.

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Mark Cuban says investing in altcoins is similar to buying into other assets

Mark Cuban, the owner of the Dallas Mavericks and a renowned crypto enthusiast, believes investing in alternative cryptocurrencies is the same as injecting money into stocks, bonds, and private companies.

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Bitcoin Preparing for a “Very Similar” Supply Shock as in October-November, says SkyBridge Capital CIO

As such, risk-reward for the “very non-correlated” asset Bitcoin is now “skewed again to the upside” as strong holders accumulate from those that got into the market late last year. The post Bitcoin Preparing for a “Very Similar” Supply Shock as in October-November, says SkyBridge Capital CIO first appeared on BitcoinExchangeGuide.

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XRP’s Use Cases Are Basically Same as Bitcoin: Ripple’s Director of Developer Relations

Ripple’s Matt Hamilton says XRP has the same use cases as Bitcoin and both coins are decentralized and why XRP is not similar to NANO

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Bitcoin analyst says ‘supply shock’ underway as BTC withdrawal rate spikes to one-year high

The supply shock is being unnoticed, similar to Q4 2020 before the price of Bitcoin skyrocketed, says Willy Woo.

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Launch of CBDCs will Lower Bitcoin Demand, Says Bank of Korea Governor

The Korean Central Bank Governor believes the rise of CBDC will reduce demand for bitcoin (BTC) and other cryptocurrencies. CBDCs Could Hamper Bitcoin Demand In a rather interesting remark, Lee Ju-yeol, the Governor of the Bank of Korea recently state that the demand for bitcoin and other similar cryptocurrencies could dwindle once sovereign CBDCs areRead More

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BTC Breaks Yet Another Level, $57k, as Elon Musk says, Bitcoin and Ethereum ‘Seem High’

Since making a similar remark on his electric car company, the price of TSLA shares has surged 400%. Tesla CEO is also busy mining his favorite cryptocurrency Dogecoin as a “fun family project.” The post BTC Breaks Yet Another Level, k, as Elon Musk says, Bitcoin and Ethereum ‘Seem High’ first appeared on BitcoinExchangeGuide.

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Macro investor says Ethereum price growth looks similar to Bitcoin’s in 2016-2017

Ethereum has undergone a remarkable rally over the past seven days. The post Macro investor says Ethereum price growth looks similar to Bitcoin’s in 2016-2017 appeared first on CryptoSlate.

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Gold bug says 2021 will be a big year for Bitcoin and Ethereum

He believes that rising adoption will drive Bitcoin higher next year, and that DeFi will have a similar effect on Ethereum.

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Billionaire Hedge Fund Manager Paul Tudor Jones Expects Bitcoin’s Market Cap to Grow Beyond $500 Billion

Famed hedge fund manager Paul Tudor Jones has updated his view on bitcoin. Envisioning a bullish future similar to “the metals complex where you have precious crypto,” he says that $500 billion is the wrong market cap for bitcoin, given all the “possibilities that it has.

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Tesla stock TSLA chart resembles Bitcoin bubble in 2017, says analyst

An analyst says the Tesla stock chart looks similar to the weekly fractal of Bitcoin in 2017 when it achieved $20,000.

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Bitcoin Should Be Regulated Like Stocks in India, Says Think Tank Founder

Since it's similar to other financial assets, India should legitimize bitcoin by regulating it like a corporate stock, according Deepak Kapoor.

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Ethereum Founder Says Yield Farming Projects Will Need to Print Money Like Central Banks

Ethereum founder, Vitalik Buterin, blasts the ever-expanding yield farming space, comparing the token incentives to central banks’ constant money printing. In a tweet on Aug. 31, Vitalik said the economics behind these decentralized finance (DeFi) projects are similar to the “Federal Reserve being run by Ron Paul” – former republican congressman.

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Ethereum Founder Vitalik Buterin Says Stock Market Became 'More Like Cryptocurrency'

The stock market is now similar to cryptocurrencies, according to Ethereum founder Vitalik Buterin

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Better Investment Than Bitcoin? Analyst Says XRP Has Generated More Returns Than BTC In Last 6 Yrs

Ripple’s XRP has generated spectacular returns in the past six years despite many branding it as a bad investment. For perspective, $1000 invested in XRP sometime in 2014 has appreciated more compared to a similar investment made in bitcoin (BTC).

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Tech Investor Palihapitiya says Bitcoin Price will Either Reach Millions or go to Zero

In a recent interview with Anthony Pompliano, Partner at Morgan Creek Digital Assets, crypto billionaire Chamath Palihapitiya said bitcoin could reach $1 million once it is globally adopted, creating a new financial model similar to a quasi-gold standard.

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Crypto Needs a Rational Value Investing Model

Until the value investing revolution led by Graham and Dodd, investors often gambled rather than invest rationally. Crypto has yet to go through a similar change, but it's started, says Arca CIO Jeff Dorman.

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France Says Bitcoin Is Money as Industry Cheers Bullish Week for Crypto

To round off a week of positive developments for the cryptocurrency industry, France has officially recognized Bitcoin as a legal financial instrument. Elsewhere, India, South Korea, and Germany have seen similar legal developments in recent days.

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Brad Garlinghouse Compares Ripple to Amazon, Suggests That Central Banks Could Use XRP

Cross-border payments and books: Brad Garlinghouse says that Ripple could grow in a similar way to Amazon

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