Bitcoinist | Feb 10, 2021 | 10:49

FreeBitco.in, one of the oldest and longest-running Bitcoin gaming sites, respected by the BitcoinTalk and the greater crypto community, has revealed that it is offering exclusive benefits for FUN token holders as part of a new premium program.

Here’s what this exclusive opportunity entails and how it could be an incredible opportunity for users of the platform and investors alike.

Search Google for “free Bitcoin” and among the top results after skipping past Bitcoin Cash faucets posing as the real thing is none other than FreeBitco.in.

FreeBitco.in is a provably fair online Bitcoin game that lets you – as the name implies – win free BTC. The game itself has grown over the years from a daily faucet claim to now include prizes and so much more. The community itself has also exploded.

The massive growth in the online community combined with longevity and dominance in the space has created an opportunity for a cryptocurrency token to be integrated into the core experience and provide a host of user benefits.

And while FreeBitco.in will always offer free BTC, the popular and iconic crypto gaming site is now embracing the cryptocurrency Fun Token as part of a new premium program.

FunFair (FUN) is a token designed to underpin the online gaming ecosystem and is an ideal choice for FreeBitco.in as the seventh-largest online casino in the world, according to SimilarWeb. 

FreeBitco.in and FUN combined bring members of the community a variety of exclusive benefits. The sheer size of the community itself means that FUN will soon be integrated into a $600 million per year iGaming platform and immediately reach over 41 million registered users.

And because FreeBitco.in is leveraging the FUN token, demand for the asset is already rising, making it an unprecedented opportunity for investors to maximize ROI. FUNUSD has already completed a “10x” since the start of 2021 and it is just the beginning.

FunFair is listed on top cryptocurrency exchanges such as Binance, Bitfinex, OKEx, and Uniswap. Free Bitco.in users who buy FUN tokens get up to 1% cashback on certain BTC wagers and games. Holding FUN tokens also lets users earn up to 16 spins on the Wheel of Fortune. Prizes consist of iPhones, a Rolex, or up to $15,000 in free BTC.

FreeBitco.in users are automatically offered up 4.08% interest on BTC balance, but by holding Fun tokens, users can bolster the APR to as high as 5.10%. 

The premium program launches on March 15, 2021. Anyone interested in taking full advantage of all the “ FUN ” should consider FUN tokens before the demand takes over, and like we’ve seen with other cryptocurrencies, a supply shock leaves late investors wishing they bought sooner.

Investors can be sure that FunFair has long-term value, further improved by the ongoing partnership and premium program with FreeBitco.in. The company saw over $600 million wagered in 2020 alone and a 30% year over year increase. At that rate and the current crypto market growth, Free.Bitco.in could soon be one of the largest websites in the entire world, not just in the online casino or bitcoin gaming space.

To learn more, visit the official website.

Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.

In a busy week for news, let’s take a look back at the biggest stories from the worlds of forex, fintech and crypto in our best of the week segment.

Monday started with a bang, Tesla, the electric car company headed by billionaire Elon Musk, has become the first Fortune 500 corporation to get Bitcoin exposure to its balance sheet as it bought $1.5 billion in Bitcoin last month.

The company’s latest filing with the Securities and Exchange Commission (SEC) revealed its position in digital currency.

Read more on the Tesla Bitcoin purchase here.

The trading week kicked off with the news that Dogecoin is now the world’s 10th most valuable cryptocurrency after a 40% jump in just 24 hours pushed the total market cap of DOGE to a record high.

Dogecoin’s market cap reached $10 billion on Monday, more than Stellar (XLM) and Bitcoin Cash (BCH).

Tesla CEO, Elon Musk remained outspoken about Dogecoin, though most of the time he made fun of the cryptocurrency with his tweets, it seems like the demand for the cryptocurrency has increased due to his Dogecoin statements.

Read more on the Dogecoin surge here.

Monday also saw a supply crisis for Bitcoin.

As Finance Magnates reported, Bitcoin, the world’s largest cryptocurrency, is undergoing a massive supply crisis as BTC whales transferred their funds from cryptocurrency exchanges to unknown wallets. BTC reserves at digital exchanges reached the lowest level in almost 2.5 years.

According to the latest data published by crypto research and analytics firm Bloqport, 211 new Bitcoin whale addresses with at least 1,000 BTC were created since the start of 2021, but the supply of the world’s largest digital asset decreased significantly during the same time.

Read more on the Bitcoin Supply Crisis here.

Staying with Bitcoin whales, Finance Magnates covered the story of an anonymous crypto user who moved 2,292 BTC from the crypto exchange, Coinbase to an unknown wallet. The total value of the transaction stands at around $101.8 million.

Additionally, another transaction was reported a few hours later which involved the movement of 1,407 Bitcoin worth nearly $63 million from the crypto exchange, Binance to the digital wallet, Xapo.

BTC whales have accelerated withdrawals from digital exchanges leading to a supply crisis in BTC.

Read more on the Bitcoin whales here.

In an in-depth Finance Magnates analysis, we looked at exactly what the Tesla BTC purchase means for the crypto world as a whole.

FBS Celebrates its 12th Anniversary and Fulfils Your DreamGo to article >>

With a host of expert insights, we delved deep into the implications of the $1.5 bn bitcoin purchase for both the crypto world and Tesla.

A must-read analysis, read more on Elon’s big bitcoin bet here.

In a Finance Magnates exclusive, Tickmill, a multi-regulated brokerage platform, revealed its yearly trading metrics for 2020 with Finance Magnates, showing an excellent jump in demand and client activities.

The broker closed the year with an average monthly trading volume of over $142 billion, 14.7 percent higher than the previous year’s $123.8 billion.

According to Tickmill’s figures, over 134,000 new accounts were registered last year, out of which more than 75,000 clients remained active.

Moreover, the brokerage revealed that it executed more than 115 million orders last year. There was a massive 28.6 percent jump in this metric year-over-year with the total executed previous year’s orders at 89.4 million.

Read more on the Tickmill 2020 figures here.

The Ontario Securities Commission has approved a Bitcoin exchange-traded fund, the first such fund to be listed on any North American stock exchange.

Dubbed Purpose Bitcoin ETF, the fund will be managed by Purpose Investments Inc, according to the official documents approved on Thursday, It was filed under the Multilateral Instrument Passport System in several Canadian jurisdictions.

Read more on the first Canadian Bitcoin ETF here.

As Finance Magnates reported on Friday, Grayscale, the world’s largest crypto asset manager, has accelerated its Ethereum accumulation as the firm purchased 52,730 ETH worth more than $93 million in the last 24 hours. The company’s Ethereum Trust now has more than 3.13 million ETH under management with a total value of over $5.5 billion.

According to the latest data published by crypto analytics firm, bybt.com, Grayscale accumulated a total of 111,182 Ethereum in the last 7 days after a significant jump in ETH price.

Read more on the Grayscale Ethereum purchases here.

In an exclusive interview, Finance Magnates sat down with Monica Long, General Manager of RippleX, to discuss sustainability in the blockchain and crypto industry, as well as Ripple’s initiative to become carbon neutral by 2030.

Read, listen or watch the Monica Long interview here.

Yet another fine art institution is jumping on the crypto bandwagon. 

According to the announcement, “For the first time, both HENI Leviathan and the artist Damien Hirst will be accepting Cryptocurrency for payment of editions, payments can be made by either Bitcoin or ether, as well as by credit or debit card.”

The prints are available starting today and will sell through March 3. Each print is priced at $3,000 (or .058 BTC/1.8 ETH, according to price at the time of publication), and each piece will be signed by Hirst.

In the announcement, Hirst — whose work has been displayed in the Museum of Modern Art — spoke of the decision to accept digital currencies as an act of faith in the ecosystem:

HENI Leviathan accepting cryptocurrency payments is also a sign of growing adoption from the institutional art world. The printmaker is among the most widely respected among fine artists and collectors and has featured runs from other artists of historical significance such as Gerhard Richter.

The Hirst paintings in this run are inspired by the Eight Virtues of Bushido: “Justice, Courage, Mercy, Politeness, Honesty, Honour, Loyalty, Control.” Hirst has been chronicling his process in creating them on his Instagram page, and he says that the paintings “are about beauty and life and death” — themes and forces he frequently explores in his work.

“They’re about desire and how we process love and why we need it, but also these prints are about the momentary, the insane transience of beauty — a tree in full crazy blossom against a clear blue sky. How can you argue with that?” Hirst said of the paintings.

Hirst and HENI Leviathan aren't the only art giants dipping their toes into cryptocurrencies. This month, auction house giant Christie’s announced it will be auctioning an NFT from digital artist Beeple, a retrospective collage of his “first 5000 days” of producing one piece of art per day. In the announcement, Christie's also said they would be accepting bids in ETH for the piece.

Danal Fintech, a subsidiary of Danal, one of the largest payment companies in South Korea, today announced that they are joining the ICON blockchain ecosystem, the largest decentralized network in Korea by market capitalization. Danal Fintech will integrate ICON’s cryptocurrency ICX into Paycoin, its global payments and remittance app. This will allow Paycoin’s 750,000+ users to pay in ICX at any of Danal’s 60,000 merchant partners, including 7-Eleven, KFC, and Domino’s Pizza. “With PayPal recently announcing its plans to support cryptocurrencies, we’re starting to see major acceleration in crypto adoption by payment apps and fintech companies in Asia,” said Min Kim, ICON project Founder. “Now with Paycoin, it’s easier than ever for people to buy and spend their ICX at thousands of Danal’s merchant partners.” “Paycoin is one of the first virtual asset apps being used commercially in Korea and ICON is one of the largest blockchain projects in Korea. Through this partnership between the two projects, we expect to bring virtual assets one step closer to our daily life,” said Ted Hwang, CEO of Danal Fintech. “We will continue to expand business scope through various partnerships in the future.” Danal Fintech will also become an ICON Public Representative, or P-Rep, the title given to consensus and governance block validators on the ICON Network. P-Reps like Danal Fintech play key roles in the ICON Network such as block creation and verification, decision making on network policy, and expansion of the overall ICON ecosystem. P-Reps are elected by delegation of stake by the ICON community, and help keep the network stable with technical infrastructure support. Danal Fintech is part of Danal Co. Ltd, one of South Korea’s largest payment companies. Danal provides integrated payment solutions to its partners, from credit and debit cards to mobile billings and more. With more than 20 years in business, Danal accounts for half of the market share in mobile billings, equivalent to $5.5 billion USD annually. Danal Fintech focuses on blockchain-based payment solutions, and launched Paycoin in 2019 as one of the first apps for using virtual currencies in retail payments. Danal’s Paycoin app reduces intermediaries in existing payment processes, lowers transaction fees, and speeds up settlement cycles; all in a safe and convenient payment environment. The app makes it easy for ICX holders to spend their cryptocurrency at both online and offline retailers all over South Korea. Shortly after joining as a P-Rep, Danal Fintech will start the integration of ICX into the Paycoin payment application. At its completion, ICON users will be able to deposit and spend their ICX with the Paycoin app.

Under Patrick's leadership, Cryptology intends to build Europe's leading publicly listed company for blockchain- and crypto-related business models.

SLIEMA, MALTA / ACCESSWIRE / February 18, 2021 / Cryptology Asset Group (ISIN: MT0001770107; Ticker: 4UD), a leading European investment company for blockchain- and crypto-related business models, co-founded by Christian Angermayer and crypto-legend Mike Novogratz, announced that Patrick Lowry has been appointed as the new CEO. An experienced manager with substantial capital markets experience, Patrick will succeed Jefim Gewiet, who will step into the role of COO for the company.

Patrick is an accomplished asset manager with extensive experience managing crypto assets and blockchain-based venture capital investments. He is the founder and CEO of Iconic Holding, an asset management group and portfolio company of Cryptology. Prior to founding Iconic Holding, Patrick was a member of the Deutsche Börse venture capital team, a Senior Associate at Philadelphia-based private equity firm, Graham Partners, and a former auditor at PwC within the Asset Management Assurance Services practice.

"With the eyes of the world now intensely focused on Bitcoin and crypto markets, Patrick as CEO is the perfect addendum to an already strong team. I am convinced Patrick and Jefim will jointly take Cryptology to the next level," said Christian Angermayer, Founder and Advisory Board member of Cryptology. "Patrick's experience managing both a portfolio of crypto venture investments and regulated investment vehicles positions him well to deliver on our shared vision of Cryptology being Europe's leading investment company for blockchain technology and crypto companies."

At Iconic Holding, Patrick launched sub-brands Iconic Lab, a seed-stage crypto venture capital group, and Iconic Funds, a licensed and regulated crypto asset management firm. Patrick will continue working with Iconic Holding, an important strategic component of Cryptology's portfolio.

Patrick received an MBA from the Frankfurt School of Finance and Management in 2017 and a Bachelor's Degree in Finance and Accounting from the University of Delaware in 2011. He is a licensed Certified Public Accountant.

"Cryptology, with one of the world's strongest blockchain- and crypto-related balance sheets, boasting inspired investments in the likes of block.one and Northern Data, is a sleeping giant ready to wake," said Patrick. "I am humbled and excited to be tasked with leading Cryptology to realize its untapped, and unlimited, potential."

Earlier this year, Cryptology shares started trading on several German exchanges including Börse Düsseldorf, Gettex and Tradegate. In order to increase trading liquidity and open up to new shareholder groups, Cryptology is exploring an international listing.

About Cryptology Asset Group p.l.c.

Cryptology is a leading European crypto asset and venture investment company. Founded by Christian Angermayer's family office, Apeiron Investment Group and crypto-legend Mike Novogratz, Cryptology is the largest publicly traded holding company for blockchain- and crypto-based business models in Europe. Noteworthy portfolio companies include crypto-giant and EOS publisher block.one, leading HPC provider Northern Data, commission-free online broker nextmarkets, and crypto asset management group Iconic Holding.

Media Contact:

Cryptology Asset Group p.l.c. Jefim Gewiet (COO) Block A, Apt. 12, Il-Piazzetta', Tower Road, Sliema SLM 1605, Malta Tel.: +356 799 85 85 1 E-mail: [email protected]

SOURCE: Cryptology Asset Group PLC

South Korea’s largest public blockchain, ICON, has released its Blockchain Transmission Protocol, allowing individual blockchains to interact and communicate with each other. 6148 Total views 286 Total shares Listen to article 0:00 News ICON (ICX), South Korea’s largest public blockchain project, released its Blockchain Transmission Protocol (BTP) on May 28.  The protocol enables interoperability between individual blockchains, facilitating value transfer, service invocation and data exchange. As blockchain technology has evolved, the multitude of competing networks springing up have largely been content to isolate themselves, occasionally looking at others for inspiration, but rarely fully interacting with one another.  ICON however, has always stated its mission to “Hyperconnect the World”, and this latest release is a large step towards that goal. BTP is an interoperability protocol, which allows distinct stand-alone blockchains to interact and communicate with each other, including those with completely different consensus models and algorithms. It also allows for interoperability between public and private blockchains. The killer app for this kind of interoperability is to be able to transfer tokens between different blockchains. ICON claims that: Other potential uses include the verifying of data, such as a decentralized identity, through cross-chain communication, and the automation of services on one blockchain being triggered from and for the benefit of another. BTP connects networks via message relayers, which are independent of the blockchains, and message centers, verifiers, and service handlers, which must be implemented on each blockchain via smart contracts. Blockchains which do not support smart contracts can only participate as a sender, not as a receiver of messages. While a single implementation of BTP connects two blockchain networks, these networks can also connect to other networks through further BTP implementations, creating an interconnected and interoperable web of blockchains. As Cointelegraph , ICON last month unveiled its new consensus algorithm, improving scalability and bandwidth while maintaining security. Loading Are you a journalist or an editor? Join us: career@cointelegraph.com Language Extensions: Cointelegraph covers fintech, blockchain and Bitcoin bringing you the latest news and analyses on the future of money. © Cointelegraph 2013 - 2020

For Bitcoin, 2020 was a monumental year, with its block reward halving followed by greater institutional investment culminating in the bull run which Bitcoin has managed to sustain to date. While institutions did look at digital assets like Bitcoin with a bit of suspicion once, the narrative has changed dramatically as Bitcoin is now being viewed as a robust store of value.

Interestingly, Bitcointreasuries even noted that over 800,000 Bitcoins or 4% of the total circulating supply is held by public companies – a sizeable chunk of Bitcoin, a finding that in a way substantiates why the price has seen such bullish sentiments.

While this has been the overall outlook pertaining to Bitcoin, there have been quite a few notable events in the past few weeks involving institutional and retail investors. The Gamestop short squeeze was a key event in the history of financial institutions.

While this doesn’t necessarily involve the crypto-market, it does relate to it and highlights how there has been an increasing level of mistrust from the retail side in the U.S when it comes to large institutions operating in the financial and digital assets market.

A recent report by LongHash noted how the Gamestop short squeeze highlighted stark differences in the way American and Chinese traders view and treat institutional and large scale investors. As the GME stock surged thanks to the thriving Wallstreetbets community, retail traders in the crypto-market emerged keen on replicating the GME stock’s price action in the case of Dogecoin.

As Dogecoin began to trend, the likes of Tesla CEO Elon Musk and music icon Snoop Dogg joined the party and endorsed the popular meme-inspired cryptocurrency – Dogecoin.

LongHash’s report added,

“GameStop’s stock was 19x higher than it had been at the beginning of January. It has since fallen (although it’s still well above its price before ‘the rally started), but the dramatic price spike and the appealing David-and-Goliath narrative of retail investors taking on Wall Street has inspired some to attempt a similar push on other assets.”

Since the end of January, Dogecoin has seen its price spike by a whopping 983 percent, with DOGE trading at $0.072 with a market cap of over $9.3 billion.

According to LongHash, the GME incident was a sign of retail traders going against the tide that large institutions have traditionally controlled and directed. One can argue that the Dogecoin rally was part of the same tangent of thought. However, what is interesting to note is how traders across different regions perceive institutions differently when compared to their American counterparts.

LongHash found that in the case of China, many of the younger generation traders who also contribute to a sizeable demographic in the crypto-market have quite a different take on large institutions. The report said that investors in China seem to be embracing institutional investments and do not share the distrust evident among young investors in the U.S.

“According to DataYes, the number of public funds in China is 7,913 as of December 2020 — an increase of 766% since 2011. And one investment platform, Lu Fund, saus that 62% of investments made by users born after 1995 are into public funds.”

According to Chainalysis, East Asia’s importance in the digital assets industry cannot be overlooked either, out of which, China plays a huge part. While the GME incident is just one small illustration of the differences with regard to attitudes pertaining to institutionalization, in the coming years, these differences may have a larger impact on the overall industry.

“East Asia is the world’s largest cryptocurrency market, accounting for 31% of all cryptocurrency transacted in the last 12 months. East Asia-based addresses have received $107 billion worth of cryptocurrency in the last 12 months, which is 77% more than Western Europe, the second-highest receiving region.”

2020 was a key year for institutional investors entering the digital assets market, with the likes of Bitcoin and crypto gaining even more mainstream recognition and adoption. However, in the coming years, it will be interesting to see how capital markets in the U.S. and China, which are both in different stages of development, evolve and whether these differences in sentiment will have a bearing on the price of assets and the overall market.

UK teen paid Bitcoin for ecstasy on dark web; faces 2 years in prison

Polkadot Price Analysis: 11 February

Jude Gerald Lopez is a full time News Editor at AMBCrypto covering the US and Indian market. He is a post-graduate in English literature with around 4 years of teaching experience in Indian literature.

Photo: FMShare this articleTelegramFinance Magnates Telegram ChannelIn a busy week for news, let’s take a look at the stories that dominated the fintech, forex and crypto worlds, in our best of the week segment.Major Trading Outage Hits Interactive Brokers and RobinhoodAs Finance Magnates reported on Monday, US traders were foiled, yet again, by an inability to place or close trades on many trading platforms during early Monday trading.Users at Robinhood and Interactive Brokers were reporting technical issues ranging from delays in order updates to being prevented from accessing their accounts and trades.Read more on the major trading outage at Interactive Brokers and Robinhood here.France Launches Crackdown on CryptocurrenciesBruno Le Maire, the Finance Minister of France, ordered all cryptocurrency providers to check and reveal the identity of cryptocurrency owners in an effort to stop the potential involvement of digital assets in terrorism financing.In the latest announcement, the French politician asked virtual asset service providers to completely ban anonymous crypto wallets.Read more on the French Crypto Crackdown here.Vitalik Buterin Warns about Security of Cryptocurrency WalletsVitalik Buterin, a Canadian-Russian programmer and Co-founder of the world’s second-largest cryptocurrency, Ethereum, asked the crypto community to talk more about security. He said that user-friendly wallets are needed because current wallets are insecure for non-technical users.During a conversation at the Latin American Bitcoin Conference, Buterin mentioned that the cryptocurrency market did not give much importance to the security side and that is why it is much easier to lose a large amount in digital assets if a cryptocurrency wallet breaks.Read more on Vitalik Buterin’s crypto wallet security warning here.eToro Triples Its Secondary Market Valuation to $2.5 BillionAs Finance Magnates covered this week, the valuation of Israel-based brokerage, eToro has surged to over $2.5 billion in the secondary markets from merely $800 million in its last funding round which closed in 2018.The valuation was confirmed by the CalCalist as a US-based institutional investor purchased at least $50 million worth of eToro shares from existing investors and former employees at a valuation of more than $2.5 billion.Suggested articlesAre Alternative Payment Methods the New Banking King?Go to article >>Read more on the eToro Secondary Market Valuation here.World’s Top Hedge Fund Manager Compares Bitcoin with GoldAmerican billionaire Hedge Fund Manager and Founder of Bridgewater Associates, Ray Dalio said that bitcoin and other cryptocurrencies have established themselves as alternative assets in the last decade.In a Reddit post this week, Dalio changed his tone on cryptocurrencies and presented a positive stance on digital assets. He compared bitcoin with gold and said that both have similarities as a store of value. The recent comments came as a surprise after Dalio bashed bitcoin last month for lack of adoption, high volatility and uncertain regulatory status.Read more on Ray Dalio’s bitcoin comments here.Steve Wozniak’s Cryptocurrency WOZX Reaches $950 Million in 13 MinutesApple Co-founder Steve Wozniak’s recently launched Efforce’s WOZX crypto tokens received a tremendous response from investors as its market cap reached $950 million in the first 13 minutes of the launch.The blockchain company Efforce, whose goal is to transform and disrupt the energy-efficient market, received a valuation of around $80 million by investors in private sales even before the official launch.Read more on the Efforce WOZX launch here.Why Is the Price of Bitcoin Falling & When Will It Stop?In a popular Bitcoin analysis, we posed the questions on every bitcoin fan’s minds: Why Is the Price of Bitcoin Falling & When Will It Stop?With expert insights from Ilia Maksimenka, Chief Executive and Founder of PlasmaPay and Steve Ehrlich, Chief Executive Officer and Co-founder of crypto trading platform, Voyager, Finance Magnates dissected Bitcoin’s decline and made a prediction for its future.Read more on the Bitcoin Price decline here.  Share this articleTelegramFinance Magnates Telegram ChannelTags: best of the weekGot a news tip? 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Kiss bassist Gene Simmons is making a large bet on the sixth largest crypto by market cap.

In a new tweet, the famed musician tells his 940,500 followers that he purchased hundreds of thousands of dollars worth of Cardano (ADA).

“I just bought $300,000 of Cardano (ADA). I’m not a financial analyst and I’m not telling you to buy or not to buy. Simply letting you know what I am doing and what I believe in. Why? Because I believe it’s going up… and it’s always up to you to research & decide.

Why did I buy Cardano (ADA)? Well, for one thing, it’s affordable to almost everyone. It’s pennies compared to my other holdings like Bitcoin, which is over $50,000 a single coin. I believe everyone should be able to afford cryptocurrency. And here is one I believe in.”

Simmons says he also believes in the project because it is backed by one of the Ethereum co-founders, Charles Hoskinson.

— Gene Simmons (@genesimmons) February 19, 2021

At the time of Simmons’ tweets, ADA was sitting at around $0.90, but it has since skyrocketed to a new 52-week high of $1.09.

Earlier this month, the rock icon revealed that he owns or plans to own three large-cap crypto assets.

“I’m not recommending any of this to anyone. But yes, I bought and/or will own Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and others.”

As for his BTC holdings, Simmons says he invested millions of dollars in the leading crypto asset.

“Bitcoin I bought seven-figure months ago. It’s been very good to me. Do I believe it’s going even higher than the recent record breaking surges? You bet!”

Featured Image: Shutterstock/Tiziano Cardaci

Bitcoin today smashed through its short-term “bearish ceiling” set after running into resistance earlier this week. With the level now out of the way and cleared, the asset’s larger parabolic move continuing is “imminent,” according to one crypto capital manager.

Here’s what the rest of the parabolic move might look like, once the uptrend regains its previous momentum.

Indecision struck when the next day the impulse didn’t continue, resulting in a doji and a drop on the next day. Newly attained support held, and already Bitcoin has taken out the short-term bearish ceiling set when the uptrend hit resistance recently.

With any sort of resistance now out of the way, one crypto capital manager believes that the longer-term “parabolic” move continuing is “imminent.”

When assets go “parabolic” an increasingly higher base is built until it all comes tumbling down. Ross’s expectations fall in line with the idea that the consolidation phase between $40,000 and $30,000 was yet another base built, and the parabola will soon continue.

In terms of how high things can go, a long-term uptrend channel shows just how far the larger parabolic move has left to climb, along with comparisons to past uptrends to confirm the legitimacy of the expectation.

Wherever the move ends up taking the price per Bitcoin to ultimately, what comes next is yet another bear market and a chance to accumulate more BTC to do it all again.

Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder & CEO at   Kryptonio a “keyless” non-custodial bitcoin and cryptocurrency wallet, that lets users manage bitcoin and crypto, without private keys or passwords and Weekly Columnist at Daily Fintech) @iliashatzis wrote Hunting for crypto unicorns

Tuesday Bernard Lunn , CEO of Daily Fintech and author of The Blockchain Economy wrote: Part 4: What changes can we expect in future?

Editor note: This is the concluding post of a 4-parter on Wall Street Bets vs Hedge Funds. 

Wednesday  Alan Scott Managing Director EMEA at 24 Exchange @Alan_SmartMoney wrote Stablecoin News for the week ending Wednesday 24 February 2021.

This weekly snapshot is the news that matters in the Stablecoin market.

Thursday

Rintu Patnaik , an Insurtech expert based in India, wrote: The Internet Of (Insured) Things Part 3: Commercial Lines.

Editor note: In this Part 3 on The Internet Of Things, Rintu describes how this is changing    Commercial Insurance.

Christian Dreyer @x3er, the Swiss based CFA who focusses on how XBRL changes our world wrote: XBRL News about carbon, Chinese bonds and the disclosure cloud

Editor note: This weekly snapshot is the news that matters in the XBRL market.

 learned to never underestimate Bloomberg in the ‘90s on Wall Street when everybody said open that data feeds would beat a closed terminal like Bloomberg – all were wrong.

Then we had a lot of hype about Symphony messaging as a Bloomberg killer. It made sense. Messaging among traders was what kept traders hooked to their expensive Bloomberg habit even when the data part was simple to replicate. Symphony was created, backed and used by Goldman Sachs.

Still the Bloomberg terminal is very much alive and well.

So why am I excited by a bit of open source on Github called Gamestonk Terminal shown to Hacker News by a lone programmer?

Editor note: This weekly snapshot is the news that matters in the Alt Lending market.

Yahoo Finance editor at large Daniel Roberts is joining Decrypt Media, which covers cryptocurrency and bitcoin news, as its editor in chief.

Fortune journalist Jeff Roberts is joining as executive editor.

“I’ve been a fan of the team there since its launch in 2018, can’t wait to help take it to the next level as the go-to place for clear explanatory coverage of this red hot industry,” said Daniel Roberts on Twitter.

Daniel Roberts covers sports business, tech, bitcoin, and media at Yahoo Finance. He hosts the podcast Sportsbook and the daily live show YFi AM. Before Yahoo, he spent more than five

years at Fortune Magazine. He is the author of the 2013 book “Zoom: Surprising Ways to Supercharge Your Career.”

Jeff Roberts specializes in IP and bitcoin stories. He co-founded The Ledger, a new Fortune franchise dedicated to blockchain and cryptocurrency. His book “Kings of Crypto: Coinbase and the Next Generation Finance” was published by Amazon Audible in 2020.

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