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Anthony Scaramucci Warns Against Emotional Trading, Predicts Massive Gains for Bitcoin in Coming Years

SkyBridge Capital founder Anthony Scaramucci tells crypto investors to avoid knee-jerk reactions as he predicts a huge price tag for Bitcoin (BTC) in the coming years. In a new interview with CNBC, the hedge fund veteran cautions investors to “see through the current environment” and resist emotion-based trading. “You’re getting better-than-expected inflation data… I was […]

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Ava Labs CEO John Wu Says ‘Big Name’ Brands and Companies To Enter Avalanche (AVAX) Ecosystem in Next 12 Months

A senior executive at the tech firm behind Avalanche (AVAX) says big things are right around the corner for the Ethereum (ETH) challenger. In a new interview with Anthony Pompliano, Ava Labs president John Wu says that mainstream names from the world of finance and gaming will be onboarding with the Avalanche ecosystem. “I wish […]

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SkyBridge Founder Anthony Scaramucci Still Likes Bitcoin ‘Long Term’ Despite His Fund’s Current Difficulties

SkyBridge Capital founder Anthony Scaramucci says he’s still a long-term Bitcoin (BTC) believer despite his fund’s recent struggles. In a new interview with CNBC, the hedge fund veteran says he still likes the top crypto asset by market cap in the long term even though SkyBridge is facing a mass exodus of investors. “There’s been […]

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Cross-chain DEX Hashflow raises $25M in Series A funding

Hashflow, a cross-chain swap exchange, today announced it has completed its Series A funding round, bringing Hashflow’s valuation to $400 million. This Series A follows April 2021’s $3.2M seed found. The capital infusion will enable Hashflow to continue to improve its decentralized trading experience, centered around its request-for-quote (RFQ) model which optimizes interoperability, guaranteed price […]

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Bitcoin Miners Send 14K BTC To One Block. Bullish News For The Market?

After the official US inflation numbers were released, bitcoin prices started to rise. However, during the previous month, the BTC miners have increased their outflow. A new set of tax policies targeted at preventing domestic cryptocurrency mining were unveiled by Kazakhstan, which is still a significant nation in the world of Bitcoin mining. During a halt in worldwide activity and fire sales connected to recent bankruptcy-related news, prices for Bitcoin mining rigs are also said to have fallen to epidemic lows for 2020. Most significantly, Texas power grid operators have asked all Bitcoin miners to cease operations in order to lessen the strain on a power grid that is already overloaded. Bitcoin Miners Inflow Reach New ATH IT Tech reports that Bitcoin miners transferred over 14,000 BTC to an exchange in a single block. The transfer from the miner wallet to the exchange was noted as being unfavorable for the market. According to their definition of mining pool wallets in their stats, all pool members—including the specific miner—are included. One user did point out that those Bitcoin were not reflected in the spot market or derivatives, though. Glassnode reported that the BTC Miners’ Netflow Volume on a 7-day moving average (MA) basis hit an all-time high (ATH) of $1,779,953. In the first week of January 2022, an ATH of $1,700,940 was registered. This outflow did not stop on the exchange wallet, according to Ki Young Ju, CEO of CryptoQuant. It will probably end up in a custodial cold wallet. This can be utilized as an OTC deal or as a custodial service. In his opinion, the news is either bullish or neutral. Miner just moved 14k $BTC: Poolin participants → Unknown wallet It didn’t go to an exchange wallet but more like a custodial cold wallet. It could be for using a custodian service or an OTC deal. It’s neutral or bullish news. Nice catch @IT_Tech_PL https://t.co/G25DsK2nR6 https://t.co/rYmqVaoTAR — Ki Young Ju (@ki_young_ju) July 15, 2022 Related Reading | Mid Cap Crypto Coins Lead In July, Best Way To Weather The Winter? Price May Surge? Additionally, open interest is increasing, according to IT Tech, and the market may soon experience growth. The Bitcoin miner reserves have decreased during the last two weeks, according to the study. This, however, may be a significant sign of waning confidence in a price turnaround. Within the past 24 hours, the price of bitcoin has increased by more than 6%. BTC is currently trading for $20,953 on average. Its 24 hour trading volume is up by 2% to stand at $32.8 billion. BTC active addresses have grown during the past 24 hours, says Santiment. The number was close to a million at press time, compared to 860,000 on July 14. This demonstrates that investor mood is quickly improving. Source: Santiment The volume, which changed from 28.13 billion to 31.64 billion, is in a comparable scenario. For Bitcoin maximalists, the increase in price over the past 24 hours on July 15 may be a sign of relief. In reality, at the time of writing, Bitcoin’s market cap has increased from $376 billion to $395 billion. BTC market cap surges. Source: TradingView In the meantime, Anthony Pompliano said in his analysis that the price of bitcoin is declining due to rising inflation. It may be accurate, he continued, that it is not a strong hedge against CPI. Related Reading | Bitcoin Price Spends Four Weeks At 2017 Peak Prices, What Comes Next? Featured image from Pixabay, charts from TradingView.com and Santiment

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Gate Ventures Announces Its Investment In The Crossover Markets Group Seed Round

Gate Ventures Announces Its Investment In The Crossover Markets Group Seed Round

Today, Gate Ventures, the venture capital division of Gate.io, announced that it has invested in the Crossover Markets Group, Inc. seed round as the company’s first investor with experience in cryptocurrencies. Gate Ventures thinks the Crossover Markets Group is tackling the technological gaps required to support broad institutional crypto adoption with a focus on investments […]

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Institutional Capital Could Flood Bitcoin, Ethereum, Solana and Polygon Under This Condition: Kevin O’Leary

Shark Tank star Kevin O’Leary says that a massive wave of blue-chip capital could flood into the crypto asset space if proper conditions are met. In a new interview with crypto influencer Anthony Pompliano, the venture capitalist says that billions of dollars worth of institutional capital could make its way to leading digital assets Bitcoin […]

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SithSwap raises $2.65M to build next-gen AMM on StarkNet

SithSwap, a next-generation automated market maker (AMM) on StarkNet, announced it has successfully raised $2.65 million at a $25 million valuation in a seed funding round led by Lemniscap, with participation from Big Brain Holdings, GSR, DWeb3 Capital, Ghaf Capital Partners, as well as angel investors Anthony Beaumont and Etienne Royole. The SithSwap team will […]

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