allyourletmebtchi

China places blockchain technology at the top of its list and plans to unveil a national standard for its adoption. The goal of this is to export the Chinese-made blockchain standards to other regions of the world. China’s relationship with blockchain tech has been rocky in the past and reached a heightened pitch following its outright ban of cryptocurrencies. China’s recent antics show it loves blockchain but loathes cryptocurrencies. The country is plotting a blanket policy for the nationwide adoption of the novel technology. Blockchain, Not Cryptocurrencies The China Electronics Standardization Institute has revealed that it will issue a national standard for the adoption of blockchain technology. This was revealed by a top-ranking official of the institute to news platform, Chuanguan. The technology standardization body’s plans are in line with the broader plans of the government concerning the novel technology. Li Ming, a director at the Blockchain Research Office reveal...

Coinbase has risen to the top of Apple’s app store as the most popular app on the platform. The mobile app of the cryptocurrency exchange surpassed popular apps like TikTok and Twitter to clinch first place. The app had occupied the top spot on several occasions in the past and it is interesting to see just how long the dominance would continue. Coinbase’s mobile app has left competing applications in the dust as its popularity soared in recent days. Shiba Inu’s blistering run may have a central role to play in the app’s drive to the top. The Top Of The List After months of playing second fiddle to other apps, Coinbase tied its laces and climbed to the top of the US Apple App Store. The resurgence of the application sees it leapfrog Instagram, Youtube, and Instagram to become the most popular application in the store. Coinbase’s co-founder, Fred Ehrsam, took to Twitter to celebrate the latest milestone with a tweet. His tweet included a photo of an early version of the exchan...

Market participants are flocking into positions as the crypto market rallies to higher highs. Bitcoin is one of the cryptocurrencies that has taken the lead in the recent run-up , fueled by massive buying pressure from whales. According to a report by Kraken exchange, whales have been accumulating bitcoin and are not ready to sell just yet. Whales Are Leading The Charge Kraken noted that a supply shock coupled with whale accumulation has set the stage for the continuation of the strong uptrend that started in early October . Bitcoin whales — addresses holding over 100 bitcoins — have increased their collective holdings by circa 0.25% since early this month to reach $720 billion, per the findings of Kraken.  In addition, more whales have joined the bitcoin network within that period, with a notable 1.6% rise in the number of wallets that hold over 100 coins. While considering that these whales hold millions in BTC, the significant spike in buying pressure appears to have transl...

Key takeaways Institutions secure huge ROI following Bitcoin’s bullish October run. MicroStrategy has gained over $2 billion in October alone on its Bitcoin holdings. With the surge in the price of Bitcoin in October, many institutions that invested in the top cryptocurrency have recorded massive gains on their holdings. Worthy of note among them is MicroStrategy, the biggest institutional investor in Bitcoin whose around $3.16 billion investment in Bitcoin is currently worth over $7 billion, appreciating by around $2 billion in October alone. Under the leadership of its CEO Michael Saylor, a staunch Bitcoin bull, the enterprise software company has acquired over 114,000 Bitcoins purchased at an average price of $27,713 per Bitcoin in the space of a little over a year. It first added the crypto-asset to its balance sheet last year when it announced purchasing 21,445 Bitcoins with an overall price tag of $250 million. Since then, it has not relented in buying more to grow its ...

One of Wall Street’s most notorious scam artists continues to pound the table on the cryptoverse, predicting Ripple’s token XRP could be primed for a rally to a two-digit figure. Jordan Belfort Expects XRP To Hit $10 Jordan Belfort, colloquially known as the “Wolf of Wall Street”, revealed in an Oct. 28 tweet that he owns a massive amount of the controversial cross-border payments cryptocurrency XRP, which U.S. financial regulators allege is an unregistered security. Belfort claimed that his “TV guy” believes XRP is arguably the “best thing since sliced bread” and is headed for $10,000. While he is hopeful that the unnamed guy is right and the crypto reaches the sky-high target, Belfort will be content with $10. “I am a large holder of XRP(six figures)! My TV guy thinks it’s the best thing since sliced bread. Thinks it’s going to $10,000. I hope he’s right, but I’ll settle for $10” XRPUSD Chart by TradingView The XRP Army welcomed the strange backing, with most suggesting t...

An outpouring of good fortunes continues to bless the paws of all SHIB believers as the hype-dazed Canine-themed meme coin set a new all-time high for both its price and market cap. At about 3:54 AM on the 28th of October, Shiba Inu leaped astronomically from its long-held market cap range, which hovered around $30 to $35 billion over the last 40 hours, to land on a whopping $51.2billion. In a space of 10 minutes, SHIB raked in a massive $20 billion additional market leverage dashing past the bottom three coins on the global top ten cryptocurrency rankings and landing its highest ever rankings on the global table . Watermelon Shiba High With its market capitalization upsurge came a juicy jolt in its price. A vibrant $44.49 billion exchange volume in the early hours of yesterday, was all Shiba Inu needed to touch a new record high at $0.00008841. Hopes are now high with market participants expectant of a 1 cent debut around the corner. SHIBUSD Chart by TradingView As of curre...

Barely a week after the US SEC granted permission for the first-ever Bitcoin-Futures ETF to hit the floor of the New York Stock Exchange (NYSE), it has shut back the door on all things ETF till further notice. Bloomberg’s top ETF analyst, Eric Balchunas, was first to break the news on Twitter: “Looks like the SEC [is] not having it w[ith] the leveraged (and likely inverse) Bitcoin futures ETFs. Can’t hurt to try tho. Had they gone through likely billion-dollar trading vehicles in a few years. via Dow Jones.” Setting an example with Valkyrie — the alternative asset management firm which had tendered an application for a leveraged BTC Futures ETF —  the regulatory body appears to have declined any further crypto-Nasdaq theatrics till it may be able to stomach another. Valkyrie (BTF), together with ProShares (BITO) broke records last week as they successively released the first futures-based Bitcoin ETF with ProShares reaching a $1 billion trading volume barely 24 hours after la...