Total Crypto Market Cap Reenters Monthly RSI Bull Zone

Visit the original article* https://www.newsbtc.com/wp-content/uploads/2021/08/total-crypto-market-bull-zone-rsi-iStock-157559643-460×307.jpeg Bitcoin and its altcoin brethren are back bullish, both on individual price charts but also when looking at the total crypto market cap at large. The aggregate of all major and minor cryptocurrencies has fully reentered the bull zone on the monthly RSI, which could indicate that the bull market will blast back off any day now. Total Crypto Market RSI Returns To Bull Zone The study of technical analysis is subjective. The practice has nearly as many naysayers as crypto does, yet others swear…

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Crypto Veterans Start NFTs: Waltonchain Mystery Box Review

Visit the original article* https://www.newsbtc.com/wp-content/uploads/2021/08/WechatIMG2522-460×260.jpeg Today I’m showing you an event from a Chinese IoT + Blockchain public chain that was listed on Binance as early as 2017. Waltonchain went silent for some time and then revealed a new roadmap featuring NFTs in early 2021. In line with their roadmap, now they officially do NFTs. Official Announcement https://twitter.com/Waltonchain https://waltonchain-en.medium.com/kiwa-nft-mystery-box-for-waltonchain-community-9e762b864caf Brief Introduction of Waltonchain Waltonchain is an open-source underlying public chain for the commercial ecosystem. It is an IoT project that integrates blockchain with RFID, advocates serving the real economy and…

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Chainalysis Report Reveals Crypto Has Gone “Global” In 2021

Visit the original article* https://www.newsbtc.com/wp-content/uploads/2021/08/nasa-Q1p7bh3SHj8-unsplash-460×306.jpg The blockchain is an immutable record. Companies like Chainalysis make a living out of interpreting that data, extracting value and insights from the numbers. And on-chain analysis reveals that crypto is now “a truly global phenomenon.” The data comes from Chainalysis’ 2021 Global Crypto Adoption Index. The people that really need crypto, qualified as “emerging markets” in the paper, are increasingly involved in the space. Related Reading | Crypto Company Circle Seeks To Become Global Digital Currency Bank In The Weekly Update, our friends at…

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Coinbase Will Invest 10% Of Its Profits In Crypto Going Forward

Visit the original article* https://www.newsbtc.com/wp-content/uploads/2021/08/coinbase-btc-460×276.jpeg Coinbase has announced that it plans to invest 10% of all profits in crypto. The exchange is one of the leading crypto exchanges in the world and with their profit margins, 10% will be a big investment going into crypto. All crypto purchases with crypto will be kept on the balance sheet going forward. And the CEO expects this percentage to go up with time. Related Reading | Grayscale Tops Up Ethereum Investment To $10 Billion The exchange has recorded massive profits for the last year…

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Crypto Market Analysis: 24th August 2021

Visit the original article* https://www.newsbtc.com/wp-content/uploads/2021/08/bitcoin-4728496_1920-460×231.jpg Bitcoin has broken out above $50,000 for the first time since May this year as PayPal announces crypto buying and selling in the UK. PayPal has trailed its launch of crypto buying and selling in the UK for some time but has today announced its intention to allow UK-based users to buy and sell crypto tokens from this week. Users will be able to hold a basket of four cryptoassets – bitcoin, ethereum, litecoin and bitcoin cash, but it is unclear as of yet whether…

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Coinbase States Infrastructure Bill Could Impact 60 Million American Crypto Owners

Visit the original article* https://www.newsbtc.com/wp-content/uploads/2021/08/usa-1149896_1280-2-460×304.jpg Coinbase’s global tax VP has condemned Congress’s controversial decision to introduce crypto tax provisions into the infrastructural bill. They warned that this bill might impact 20% of the U.S population, which is like 60 million Americans. The VP of tax leveraged the rushed crypto provisions added to Congress’s bipartisan infrastructure bill. Lawrence Zlatkin slammed lawmakers at the last minute for hastily including amendments that can affect 60 million Americans. Coinbase Global is an American company that operates a cryptocurrency exchange platform. It’s among the popular…

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Native Crypto Exchange Tokens in July: KuCoin Ahead of The Competition

Visit the original article* https://www.newsbtc.com/wp-content/uploads/2021/08/action-1834465_1920-460×307.jpg Cryptocurrency exchanges are fundamental infrastructure elements that play an important role in the cryptocurrency market ecosystem. Like other significant projects, exchanges and exchange protocols have their own native cryptocurrencies, which are used within the ecosystem of the exchange’s products, and can also reflect their financial status. In July, the KCS cryptocurrency — the native token of the KuCoin cryptocurrency exchange — turned out to be the best performing asset compared to its competitors. The KuCoin (KCS) exchange token was trading at $7.36 at the beginning…

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Crypto Analyst Lays Out Cardano’s (ADA) Pathway To $4

Visit the original article* https://www.newsbtc.com/wp-content/uploads/2021/08/cardano-3-460×307.jpeg Cardano (ADA) recently hit a new all-time high with the rally. The price of the altcoin had surged past $2.5 on Friday to set a new trading record. While the market awaits the release of the Alonzo Purple Hard Fork that would bring smart contracts capability to the network, indicators have shown that the price is nowhere near the end of its run. The increased interest in the project shows that the coin will continue to grow. But just like any asset, there are things…

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Ethereum Creator Vitalik Buterin Censures Facebook And Twitter’s Crypto Plans

Visit the original article* https://www.newsbtc.com/wp-content/uploads/2021/08/Vitalik-licorne-460×350.jpg Vitalik Buterin, creator of Ethereum commented through Bloomberg on Square and Facebook’s blockchain efforts. Recall that Jack Dorsey, CEO of Twitter and Square, revealed his plans for a DeFi platform based on Bitcoin in July. He said the platform would be a competitor to Ethereum. Reacting to Dorsey’s announcement, Buterin stated his skepticism for the Square’s anticipated DeFi plans. His major reason was the dependence of the firm on Bitcoin. Buterin explained that Ethereum’s smart contracts and native functions work like ‘lockboxes.’ With such operations,…

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Crypto Market Goes Into “Extreme Greed,” What This Means For Bitcoin

Visit the original article* https://www.newsbtc.com/wp-content/uploads/2021/08/greed-2-460×209.jpeg Bitcoin is still headed for the moon even as the weekend goes on. The price of the asset has not seen much in the way of a downturn following its massive price increase from last month. Overall sentiments in the crypto market are still very positive, as evidenced in the Fear & Greed Index. The index which had spent the better part of the last two months following the market all-time high has now turned into the most coveted territory. The crypto Fear & Greed…

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