ETH valuation metric is ‘heating up,’ but analyst says it’s not overvalued
CryptoQuant CEO Ki Young Ju noted that while Ethereum’s MVRV is rising quickly, onchain activity levels suggest it may not be overvalued.
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U.S.-based company launched a VPN app for iOS users after witnessing a surge in VPN services demand across the world. 1130 Total views 23 Total shares On July 9, peer-to-peer bandwidth market company, Orchid, announced the official launch of its crypto-enabled VPN app in the Apple App Store. This move comes after the company witnessed…
Malaysian billionaire steps down to pursue ‘horse currency’ offering
“I am handing over the public-listed company’s business to the new directors and I will concentrate on cryptocurrencies,” said the 65-year-old. The founder of Malaysian investment giant Country Heights Holdings is stepping down from his position to focus on issuing a cryptocurrency.According to a Sept. 28 article in news outlet The Edge Markets, billionaire Lee…
What is Metcalfe’s Law, and why does it matter?
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Bitcoin nears $27K despite ‘hot’ PCE data sparking June rate hike bets
Bitcoin (BTC) made snap gains at the May 26 Wall Street open as United States macroeconomic data delivered a nasty surprise.BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewBitcoin shrugs off new U.S. inflation woesData from Cointelegraph Markets Pro and TradingView showed BTC/USD nearing $27,000 on Bitstamp.The pair rose unexpectedly after the day’s Personal Consumption Expenditures…
Crypto exchange Kraken’s new NFT marketplace to issue loans
Jesse Powell said the exchange will expand into a marketplace for nonfungible tokens and NFT-backed loans beginning in 2022. 358 Total views 9 Total shares Kraken founder and CEO Jesse Powell recently shared in an interview with Bloomberg News that the crypto exchange will launch a nonfungible token (NFT) marketplace that will enable users to…
ECB may cap digital euro at 1.5T tokens — Executive board member
"Keeping total digital euro holdings between one trillion and one and a half trillion euro would avoid negative effects for the financial system,” said Fabio Panetta. 155 Total views 1 Total shares Fabio Panetta, an executive board member of the European Central Bank, or ECB, proposed the central bank limit the total holdings of a…
Russian State Tests Blockchain-Based Application for Public Administration
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Ether shorter gains $68M on 50x leverage as ETH drops 11%
An anonymous cryptocurrency trader has accumulated almost $68 million in unrealized profit by shorting Ether amid its recent price decline. According to blockchain data from Hypurrscan, the trader opened a 50x leveraged short position when Ether (ETH) was trading at $3,176, on Feb. 1. As of 9:06 am UTC on March 5, the position had