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It has been an interesting week in the crypto world to say the least. We started the week with a major sell off across the market, With Bitcoin going from $58,000 down to $47,000. Coinbase has filed to go Public and Kraken is exploring the possibility as well. Meanwhile Mike Novogratz believes Bitcoin will reach $100,000 in 2021.
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Kraken is in talks with Fidelity, Tribe Capital and General Atlantic. To raise new funds with a target valuation of over $10 billion.
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Bill Gates said that he would rather invest in coronavirus vaccines, which are helping save people's lives than investing in Bitcoin.
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The U.S. Securities and Exchange Commission (SEC) reportedly plans to investigate Tesla CEO Elon Musk. For his string of tweets regarding Dogecoin earlier this month. The altcoin was launched in 2013 as mostly a joke and is named after an internet meme that surfaced nearly a decade ago. The joke centered around an image of a Shiba Inu dog with …
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After a rough start to the week, the cryptocurrency market has started to gain back some of its losses. The pullback nonetheless resulted in the Grayscale Bitcoin Trust and Ethereum premium sinking to all-time lows. Additionally, the funding rates that keep contract prices in line with spot markets have normalized. “Bitcoin funding rates close to neutral. Last time they were …
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Mike Novogratz, founder, and chief executive officer at Galaxy Digital Holdings Ltd., believes Bitcoin price will double by the end of the year. “It feels like we’re going to consolidate a little bit in this $50,000 area ... but the next big leg is up to US$100,000,” he said. “It wouldn’t surprise me at all if we crack $100,000 by the end of the …
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