Digital Asset Insights #36

Bullish? Bitcoin Long-Term Holder Supply Shock Ratio Goes to New Highs

Early last week, citing data from analytics company Glassnode, popular crypto strategic commentator Will Clemente outlined the significant trend change of long-term holders, along with their behavior towards the #1 cryptocurrency. The Bitcoin Long-Term Holder Supply Shock Ratio has gone into its highest territory in years, and historic comparisons reveal that this could mean that the price…

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The Digital Asset Landscape September 2021

September 2021 In Review The beginning of September saw Whales rushing in to purchase BTC even as the markets dipped – and then shock waves came as a confirmed gold investor began purchasing crypto’s largest coin. Vitalik Buterin had ideas about how to better integrate Doge by making its platform similar to that of ETH,…

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Digital Asset Insights #33

Ukraine Adopts New Law To Legalize Bitcoin And Other Cryptocurrencies Ukraine is the latest to join the growing list of countries that have legalized crypto. Seems as times go by, more governments are acknowledging the staying power of cryptocurrencies such as Bitcoin. El Salvador became the first country to adopt Bitcoin as legal tender earlier…

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Digital Asset Insights #32

7 out of 10 Salvadorans want to repeal the new Bitcoin (BTC) law Seven out of every ten Salvadoran citizens want their political representatives to repeal the newly instated Bitcoin law because they do not believe Bitcoin will solve the country’s financial problems. This is a finding of the latest survey from the University Institute…

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Digital Asset Insights #31

Bitcoin ‘whale’ behaviour that preceded April’s $64,000 high is back So, just what are Bitcoin whales doing lately? These holders of huge quantities of Bitcoin (BTC) are continuing to buy the asset even as the crypto markets saw a recent dip, data from several sources shows. Most analysts believe it is just such investment behavior that precedes…

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The Digital Asset Landscape August 2021

August 2021 In Review What a month! The month of August continued the brutal struggle between the bulls and bears of crypto, with much commentary making the case for each persuasion. Once again, who should you believe? Perhaps it is necessary to review all of the articles below and see how the cycle of news,…

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Digital Asset Insights #30

Emerging markets like Nigeria, Kenya led 880% global crypto growth in 2021 A recently published report by on-chain research firm Chainalysis was prepared as an effort to measure grassroots cryptocurrency adoption amid the enormous growth seen in the crypto market over the year due to traction from industries. It has revealed a surge of over 880% in…

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Digital Asset Insights #29

Total crypto market cap back above $2 trillion, FUD now a distant memory The total crypto market cap edged above $2 trillion early last week, making a 12-week high as the market leader, Bitcoin, targeted $50,000, which is a level not seen since FUD ramped up just as the summer season got underway. Many were filled with…

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Digital Asset Insights #28

US senator says proposed crypto laws are a ‘huge mistake’ United States Senator Mike Lee of Utah has raised concerns that the crypto tax provision in the $1.2 trillion infrastructure bill will send more citizens below the poverty benchmark line. Warning that passing the legislation, which he feels is unproven, would stifle innovation in the country, while…

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Digital Asset Insights #27

Dogecoin (Doge), Bitcoin (BTC) recover after brief early Monday, August 2nd sell off Bitcoin and Dogecoin lost over 5% each last Sunday night after a brief sell-off in the crypto markets. Although they had regained most of the losses by Monday morning of last week, futures traders were left nursing millions of dollars in losses. BTC had lost…

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Aryze to Launch Digital Cash, a new stable coin

Danish Fintech Aryze to launch digital cash, a new stable coin ARYZE is a Danish fintech working to change the way the world uses money by it digital, direct and dynamic. And now, with a new fund-raising round, they have secured DKK5.8 million (USD 921K) and the funding round was 29% oversubscribed, and ARYZE is…

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Digital Asset Insights #26

US FEDS WANT TO TAME ‘WILDCAT’ STABLECOINS LIKE TETHER AND USDC A professor of finance at Yale, Gary Gorton, and US Federal Reserve attorney Jeffery Zhang penned a research paper entitled “Taming Wildcat Stablecoins,” which was published in the Social Science Research Network (SSRN). The paper strongly urges supervision of Stablecoins. They argued that introducing a central bank…

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Digital Asset Insights #25

Diamond auctioned for $12 million worth of crypto at Sotheby’s The famous auction house, Sotheby, announced early last week that it had sold a diamond worth $12 million, and its buyer paid in an unspecified cryptocurrency. The diamond is the second-largest pear-shaped diamond, tagged Key 101.38, to be sold in public, according to the firm. The auction…

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Digital Asset Insights #24

ETH bumps ahead of Ethereum ‘London’ upgrade. But what’s it about? Ethereum touched just shy $2.4k early last week, making a two-week high, closing three consecutive daily green candles against Bitcoin, and taking ETHBTC to 0.066782 at the time of writing. Some analysts attribute this strength to the up-and-coming London upgrade wherein the Rinkeby testnet…

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Digital Asset Insights #23

“Get more Bitcoin,” says Rich Dad author warning of ‘Biggest Crash in History’ American businessman and best-selling author Robert Kiyosaki says a global crash of epic proportions is coming. “The best time to prepare for a crash is before the crash. The biggest crash in world history is coming. The good news is the best…

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The Digital Asset Landscape June 2021

June 2021 In Review The month of June saw a classic struggle between the bulls and bears of crypto, with lots of commentary to be found making the case for each persuasion. Who do you believe? Perhaps it is difficult to know, and it may be helpful at this junction to review what you have…

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Digital Asset Insights #22

MicroStrategy buys 13,005 more Bitcoin, now holds 105,000 BTC CEO Michael Saylor of the business analytics firm MicroStrategy said in a tweet in the beginning of last week that his company has acquired 13,005 more Bitcoin (BTC). The firm now holds over 105,000 Bitcoin in total. Saylor tweeted, “MicroStrategy has purchased an additional 13,005 bitcoins for ~$489…

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