btcusd

09

Apr'21

Grayscale Adds Chainlink to Its Digital Large Cap Fund

NewsBusinessGrayscale Adds Chainlink to Its Digital Large Cap FundDigital asset manager Grayscale Investments has adjusted its Digital Large Cap Fund, adding Chainlink to the basket of cryptocurrencies.By Andrew Asmakov3 min readApr 6, 2021Apr 6, 2021Chainlink is a decentralized oracle provider. Image: Shutterstock In brief Grayscale Investments has added LINK to its Digital Large Cap Fund. The news follows the launch of the Grayscale Chainlink Trust last month. Digital asset manager Grayscale Investments has announced the addition of LINK, the native token of decentralized oracle network Chainlink, to its Digital Large Cap Fund. The adjustment in the Digital Large Cap Fund's makeup was made by selling a share of its existing components, and using the proceeds to purchase LINK. As of Friday, April 2, Grayscale’s adjusted Large Cap Fund had a total of $538.2 million in assets under management, with LINK amounting to 0.87% of the basket. The rest of the fund is made up of 80.5% ..

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02

Apr'21

Why Gold Fell Drastically Last Week and Bitcoin Didn’t

At one point on Monday, Bitcoin was down 4.30 percent from its opening rate at $15,482. Traders who considered the cryptocurrency as their true hedge against the economic meltdown led by the coronavirus lockdowns suddenly felt the need to not holding it. The reason was simple: they thought there won’t be extended lockdowns in the future as they looked into the prospects of having a cure for the COVID-19 pandemic. The Vaccine Bells Those possibilities arose from Pfizer and its partner drugmaker BioNTech. On Monday, the firms revealed that they had obtained a major breakthrough in the COVID-19 vaccine trials, noting it was more than 90 percent effective. Shortly after the claim, the global stock market experienced a frenzied rally. Equities that had lost a lot this year because of lockdowns suddenly rebounded from their record lows. Meanwhile, the so-called “pandemic winners” — tech stocks — plunged heavily. The excitement around the vaccine news was obvious. Its presence meant heave..

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01

Apr'21

The Pros and Cons of PayPal-Bitcoin Combo

Last week, the long-running competitor of the Bitcoin payment network turned into one of its largest integrators. Ladies and gentlemen of the crypto-verse, please welcome PayPal, a $240-billion global payments giant. With a history of firing nasty comments at Bitcoin, the Wall Street mammoth, ranging anywhere from “bubble” to “financial scam,” appeared with candies in its hands this time. In an announcement Wednesday, PayPal said that it would soon offer its US-based customers the ability to store, purchase, sell, and even spend Bitcoin and a few other altcoins. In short, GOOD NEWS for an industry that was itching to gain global exposure. Perhaps, that is among the only remaining pros of a PayPal-Bitcoin combo: adoption. PayPal currently has 286 million active users. It’s practically the 21st largest bank in the world, albeit not being a banking service. For Bitcoin enthusiasts, PayPal is a perfect shortcut to global adoption. Traders have already assessed the event as a cheerful ..

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30

Mar'21

Ripple (XRP) Consolidates Gains, Could Revisit $0.60

Ripple gained bullish momentum above $0.5000 and $0.5500 against the US Dollar. XRP price remains attractive on dips and it is likely to climb further above $0.5750. Ripple gained strength and it even spiked above $0.5500 against the US dollar. The price is now trading nicely above $0.5000 and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.5120 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could dips in the short-term, but the bulls are likely to remain active above $0.5000. Ripple’s XRP Price Turns Green This week, ripple’s XRP remained stable above $0.5000, while bitcoin and ethereum extended their increase. Earlier, XRP formed a support base above $0.4550 before surging above the $0.5000 resistance. It broke many hurdles near $0.5200 and $0.5500. It traded as high as $0.5764 before starting a consolidation phase. There was a minor drop towards the $0.5500 support. The price also tested the 23.6..

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