Binance’s DeFi index crashes 60% as Bitcoin overshadows ...

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Binance saw its biggest Bitcoin outflow in history after $816 million (58,861 BTC) was withdrawn in one day. Popular cryptocurrency exchange Binance has announced it will be launching a Bitcoin-pegged token to be released on Binance Chain. The news was announced in a recent Binance blog post which ... Binance’s DeFi Composite Index has been hit hard by the abrupt drop of the DeFi sector, down around 60% since early September. For Brian Kelly, an important investor and founder of BK Capital Management, the decision of Starbucks, NYSE, ICE and Microsoft to go all-in on cryptocurrencies is ‘the biggest news of the year for bitcoin.’During a conversation with CNBC, Mr. Kelly was very positive about Bitcoin (BTC) and the possibility to have a Bitcoin ETF. And as the Dollar Cost Averaging BTC chart above shows, investing in the crypto gradually over time has been a remarkably profitable way to save. In fact, if you started dollar cost averaging a weekly investment in bitcoin the day it reached an all time high of $20,089 exactly two years ago, you would still outperform the same strategy with the Dow Jones Industrial Average or gold over the ... Bitcoin (), the most popular digital currency could still fall under $3,000 in the near future, according to Brian Kelly, a CNBC crypto contributor.A Bitcoin under $3,000 is highly likely due to historic market cycles. During the last few weeks, the Bitcoin sentiment has turned positive after Bitcoin increased a few hundred dollars growing up to $3,650 from $3,400. ATMs Bitcoin ATM Jordan Kelley, founder of Robocoin, launched the first bitcoin ATM in the United States on 20 February 2014. The kiosk installed in Austin, Texas is similar to bank ATMs but has scanners to read government-issued identification such as a driver's license or a passport to confirm users' identities.[60] By September 2017, 1,574 bitcoin ATMs had been installed around the world ...

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