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ByAuthor J.D. SmithPosted on
14
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BITCOIN AND CRYPTO RALLY!!! MICHAEL SAYLOR CAN’T GET ENOUGH!!

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Bitcoin and the entire crypto market is up today. Check out today’s news including Michael Saylor buying more BTC.

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🔴Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by CryptosRUs. CryptosRus may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.

#bitcoin #cryptocurrency #crypto

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ByAuthor J.D. SmithPosted on
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New milestone reached as 100 cryptocurrencies reach a $1B market cap

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In the last two months, the number of cryptocurrencies with a $1 billion market cap has doubled since the last time Cointelegraph reported on the milestone. As things currently stand, there are 100 projects that have reached a $1 billion market capitalization.

Unicorns are typically privately held startup companies valued at more than $1 billion, but traditional finance is increasingly applying the term to high-value cryptocurrencies that institutions are only now gaining exposure to.

The entrance of institutional investors into the cryptocurrency sector over the course of 2021 has been one of the driving forces of growth for the ecosystem as a whole as multi-billion dollar companies like Tesla, Square and MicroStrategy have converted a portion of their cash reserves into Bitcoin (BTC) and other top altcoins.

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ByAuthor J.D. SmithPosted on
10
0

Ark Invest and JPMorgan expect Bitcoin to hit $130K-$470K

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JPMorgan expects Bitcoin (BTC) to reach $130,000, while Ark Invest anticipates the market valuation of BTC to surpass that of gold.

The optimistic macro prediction from both funds revolves around the scarcity of Bitcoin, which has buoyed its popularity as a safe-haven asset.

BTC/USD 1-day price chart (Binance). Source: TradingView.com

Why are both high-profile funds so optimistic in Bitcoin?

As Cointelegraph previously reported, the outlook of the U.S. dollar index is on the decline.

The fear of inflation and the increasing liquidity in the financial markets is causing reserve currencies, like the dollar, to depreciate.

Ark Invest, as an example, sees Bitcoin nearing $500,000 in the future considering that the fund expects it to surpass gold by market capitalization. Currently, the market cap of Bitcoin is roughly 10% of gold. 

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ByAuthor J.D. SmithPosted on
5
0

Global fashion brands reportedly considering NFT foray

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Fashion giants may be the next globally recognized brands to enter the expanding NFT metaverse.

According to Vogue Business, several premium fashion houses are moving closer to releasing their own nonfungible tokens.

The move follows the emerging trend of creating digital twins of products and services in the lifestyle and entertainment markets, such as art pieces, music, pop culture merchandise, among others.

Fashion NFTs for gaming and virtual reality is already a thing, with several companies creating digital clothing items for use in both metaverses. Earlier in the year, Enjin partnered with augmented reality platform MetaverseMe to deploy fashion NFTs for digital avatars on the latter’s platform.

Some retailers are also creating digital twins of real-life clothing items for sale on NFT platforms. Purchasing these fashion NFTs often grants the buyer access to the corresponding real-life apparel.

According to Marjorie Hernández, founder of blockchain multiverse platform Lukso,…

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ByAuthor J.D. SmithPosted on
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0

Cryptocurrency market cap hits $2 trillion — Now worth as much as Apple

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The market capitalizations of all cryptocurrencies in existence surpassed $2 trillion on April 5, according to data from Goingecko, led by the impressive growth of Bitcoin (BTC), Ether (ETH) and other altcoins in 2021.

The cryptocurrency market as a whole has become approximately as valuable as Apple, the second biggest company in the world after Saudi Arabia’s oil giant Aramco.

The milestone also comes less than three months after the cryptocurrency market surpassed $1 trillion for the first time back on Jan. 7 when the price of Bitcoin was around $33,000. 

Will the Ethereum and altcoin bull market continue?

In recent months, several major catalysts have fueled both Bitcoin and Ethereum to rally strongly to new all-time highs.

Financial institutions, like PayPal and Visa, are beginning to actively support cryptocurrencies as Bitcoin was leading the cryptocurrency market’s uptrend.

In 2021, Bitcoin has faced several

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0

Grayscale publishes roadmap for turning its products into crypto ETFs

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After several attempts in previous years, Grayscale has renewed its push to release a Bitcoin exchange-traded fund on American asset markets. According to a Monday roadmap, two of its funds, GBTC and ETHE, are on the short-list to become proper ETFs. However, the company has not indicated any concrete efforts, such as filing a new request with the SEC, nor has it provided meaningful timelines for these plans.

Grayscale is one of the major providers of cryptocurrency exposure in traditional markets, operating several trust funds for major cryptocurrencies. These funds hold cryptocurrencies, such as Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and many others, and issue shares that are expected to reflect the value of the underlying assets.

According to Grayscale’s roadmap, each trust fund falls into four categories of development. The first is the “private placement” phase, where the funds are only available…

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ByAuthor J.D. SmithPosted on
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Bitcoin miner firm Ebang launches Ebonex crypto exchange

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Ebang, a publicly-listed company providing mining hardware for cryptocurrencies like Bitcoin (BTC), has officially announced the launch of its own crypto exchange.

According to an announcement on Monday, qualified investors will be soon able to register and trade on Ebang’s cryptocurrency exchange dubbed Ebonex.

Ebang CEO and chairman Dong Hu said, “In recent years we have made a considerable investment in R&D talent recruiting, as well as product innovation and iteration. The launch of our cryptocurrency exchange business will not only expand the revenue sources from our cryptocurrency business, but also optimize the development of our blockchain industry chain.” 

Ebonex supports major cryptocurrencies like Bitcoin and Ether (ETH), as well as stablecoin Tether (USDT). Other supported coins include Litecoin (LTC), Cardano (ADA), Zcash (ZEC), Dash (DASH), Tezos (XTZ), EOS and Monero (

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