[ad_1] Asset managers and companies currently hold over 6% of Bitcoin’s (BTC) circulating supply, according to Buy Bitcoin Worldwide. A breakdown of the data shows Bitcoin fund issuers and asset managers hold about 4% of Bitcoin’s supply, public companies account for nearly 1% and private companies own roughly 0.83% of the cryptocurrency’s supply. It's clear that institutional investors have continued to add crypto to their portfolios and Adam Proctor, the managing

Cointelegraph Consulting: Going down the Metaverse

[ad_1] As nonfungible token sales appear reanimated after a nearly two-month dry spell from their apex in May, a particular NFT application is gaining popularity more than ever: metaverses. Metaverses have gained their fair share of media attention lately, with big moves coming from companies like Facebook and Epic games. However, not everyone — even those who have been in crypto for a long time — has caught on to

Bitcoin price stages a comeback as 3 indicators reflect BTC’s strength

[ad_1] Bitcoin (BTC) price is still 4.4% down from its Aug. 23 high at $50,500, leading some traders to question whether the local top marked the end of the recent 34-day long bull run.Even with the current correction, derivatives data and the maneuvers of professional investors are not flashing any bearish signals.Bitcoin price in USD at Coinbase. Source: TradingViewOn Aug. 24, prominent technical analyst John Bollinger suggested that Bitcoin price

‘Major catalyst’ needed to send Bitcoin price to a new ATH, says analyst

[ad_1] The cryptocurrency market has been on a tear over the last month as Bitcoin price climbed 73% from a low of $29,200 on July 20 to a high of $50,478 on Aug. 26, a move that has warranted caution from Dan McDermitt, cryptocurrency market analyst and co-founder of TheChartGuys. According to McDermitt, Bitcoin’s relentless march over the past month was done “with a lack of weekly consolidation,” which was an

Solana hits record high with SOL price up over 218% in six weeks — What’s behind the rally?

[ad_1] Solana (SOL) prices printed another milestone of nearly $85 high on Aug. 27 as traders assessed a flurry of optimistic fundamentals, including Solana's potential foray into Wall Street.On Aug. 24, digital asset management firm Osprey Funds registered a first-of-its-kind Solana fund with the U.S. Securities and Exchange Commission (SEC). In doing so, the New York firm hinted at giving institutional exposure to SOL markets as the token's value surged

‘Uber dovish’ Fed sparks S&P 500 all-time high as analyst calls new Bitcoin impulse move

[ad_1] Bitcoin (BTC) gained almost $1,500 in under an hour on Aug. 26 after an "uber dovish" speech by Federal Reserve Chair, Jerome Powell.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price action charges upwardsSpeaking at the virtual Jackson Hole annual symposium, Powell hinted that the Fed would begin to reduce its asset purchases in place since the start of the Coronavirus pandemic.A long-awaited signal, the move, referred to as "tapering,"

Bitcoin could hit $30K or $100K this year as analyst warns ‘next months are key’

[ad_1] Bitcoin (BTC) could surge to $100,000 or bottom out at $30,000 by Christmas — but one of its best-known analysts is betting on the moon.In a Twitter update on Thursday, PlanB, creator of the stock-to-flow family of BTC price models, cast fresh doubt on a Bitcoin bear move.PlanB focuses on “key” remaining monthsWith BTC/USD trading at $47,000 this week, PlanB has a lot to be confident about. His recent

The new episode of crypto regulation: The Empire Strikes Back

[ad_1] The latest news has left the decentralized finance community in a collective fetal position. Responding to the threat of increased regulatory oversight, leading decentralized exchange Uniswap recently restricted the trading of certain tokens. Earlier in July, Dan M. Berkovitz, chairman of the Commodity Futures Trading Commission (CFTC), said that DeFi derivatives platforms might contravene the Commodity Exchange Act (CEA):“Not only do I think that unlicensed DeFi markets for derivative

Claimants mount up in arbitration for decentralization

[ad_1] When does decentralization stop being an experiment in technological democracy and start being a way to avoid accountability?That’s the question at the heart of a potential $100 million arbitration lawsuit against cryptocurrency exchange Binance, where close to 1,000 traders seek damages for losses suffered during the site’s outage on May 19. Binance experienced technical issues for several hours on May 19 amid one of the worst market crashes of the

Cardano chart painting a bull flag for $3 ADA price ahead of ERC-20 converter launch

[ad_1] Cardano (ADA) appears to be heading toward a new record high as its downside move takes the shape of a bull flag.In detail, the ADA/USD exchange rate plunged 16.91% to $2.47, but the pair’s decline came after a strong move higher, wherein it surged over 120% month-to-date to reach an all-time high of $2.97 on Monday. Therefore, the latest declines have given the impression that Cardano is undergoing a brief