The Wyckoff Accumulation technical chart pattern has become the latest trending topic when anticipating where the price of Bitcoin (BTC) may go next. Some analysts have said that BTC’s recent dip below $29,000 signaled the “Spring” phase, which will soon be followed by a climb higher. BTC/USDT price vs. Wyckoff Accumulation model. Source: Twitter While …
Monthly archives: July 2021
Stablecoins under scrutiny: USDT stands by ‘commercial paper’ tether
The stablecoin market has been growing exponentially, and last week, Eric Rosengren — president of the Federal Reserve Bank of Boston — appeared to raise a cautionary flag. “There are many reasons to think that stablecoins — at least, many of the stablecoins — are not actually particularly stable,” he said in remarks before the …
Continue reading “Stablecoins under scrutiny: USDT stands by ‘commercial paper’ tether”
Proposed bill in Iran could ban all foreign-mined cryptocurrencies
A new bill drafted by the Iranian Parliament Commission on Economy aims to restrict the use of cryptocurrencies within the country while providing a clearer legal framework for miners. According to a Friday report from the Tasnim News Agency, lawmakers drafted a bill titled “Support for cryptocurrency mining and organizing the domestic market for exchanges,” …
Continue reading “Proposed bill in Iran could ban all foreign-mined cryptocurrencies”
Bitcoin’s key momentum metric hints at bullish divergence as BTC clings to $33K
A recent run-down in the Bitcoin (BTC) market faces the prospects of exhaustion before confirming a full-fledged bearish breakdown, so reflects a classic momentum-based oscillator. RSI forming higher lows Dubbed as Relative Strength Index, or RSI, the indicator measures the speed as well as change of directional price movements. It operates within a set range …
Continue reading “Bitcoin’s key momentum metric hints at bullish divergence as BTC clings to $33K”
‘Bitcoin Mining Council’ says 56% of all mining is sustainable
The Bitcoin Mining Council, a self-regulating group they aren’t ‘responsible” that assesses Bitcoin mining companies and mining activities, has revealed the result of its Q2 findings based on electricity consumption and sustainable power mix. The Council is a voluntary forum formed by crypto miners and industry experts, such as Michael Saylor and Elon Musk. The …
Continue reading “‘Bitcoin Mining Council’ says 56% of all mining is sustainable”
Why this crypto VC bet on DeFi cross-chain liquidity tool Unbound Finance
Paul Veradittakit, a partner at crypto venture fund Pantera Capital, explained why the team invested in cross-chain liquidity protocol Unbound Finance in a post yesterday. “Unbound presents a promising model for the open flow of liquidity across a myriad of DeFi products, laying the path for the highly-composable, cross-chain DeFi of the future,” he stated. …
Continue reading “Why this crypto VC bet on DeFi cross-chain liquidity tool Unbound Finance”
ETH 2.0 Contract Exceeds 6 Million Ether, Data Shows Ethereum Outperformed BTC in Q1 and Q2
Statistics show that the Ethereum 2.0 deposit contract has exceeded 6 million ether this week as more than $12.4 billion worth of ethereum is held in the contract today. Onchain metrics show that Ethereum has seen some significant drawdowns in recent times and decentralized finance (defi) activity has slowed compared to last summer’s statistics. Despite …
US Senator’s Advice: Buy, Hold, Save Bitcoin for Retirement as Congress Floods Economy With Trillions of Dollars
U.S. Senator Cynthia Lummis has encouraged “people to buy and hold” bitcoin in their portfolios. “I encourage them to save bitcoin for their retirement, for their future,” she said, adding that with Congress flooding the economy with trillions and trillions of dollars, “there’s no way” the value of the U.S. dollar will not be debased. …
Robinhood IPO Filing Reveals $88 Billion in Cryptocurrency Trading, Dogecoin 34% of Crypto Revenue
Robinhood’s IPO prospectus shows that 9.5 million customers traded $88 billion of cryptocurrency on its platform in Q1 and the company held approximately $12 billion in crypto assets under custody, a 23-fold increase from last year. Meanwhile, 34% of Robinhood’s cryptocurrency revenue was attributable to the meme cryptocurrency dogecoin. Robinhood’s IPO Prospectus Reveals Crypto Business …
Bitcoin of America’s Chief Financial Officer Reports Record Company Growth
press release PRESS RELEASE. Bitcoin of America (BOA), a popular virtual currency exchange, is reporting record growth. Bitcoin of America is registered as a money services business with the United States Department of Treasury (FinCEN). Their mission is to provide their customers with a fast and easy transaction process, while securing the best rate in …
Continue reading “Bitcoin of America’s Chief Financial Officer Reports Record Company Growth”
Dutch Professional Football Club AZ ‘Confident’ About Bitcoin’s Future, Keeps BTC on Balance Sheet
Dutch professional football club AZ has formed an exclusive partnership with a regulated cryptocurrency exchange platform, Bitcoin Meester. Part of the sponsorship amount is paid in bitcoin and AZ will leave the cryptocurrency on its balance sheet during the collaboration. The club says it is the first Dutch club to do so. Professional football club …
Coinbase Pushing To Add As Many Crypto Assets As Possible – These Altcoins Could Soon Launch on the Exchange
Coinbase CEO Brian Armstrong says the top US crypto exchange is working to list as many altcoins as possible. Armstrong tells his 723,000 Twitter followers that Coinbase is doing its best to quickly and legally list every asset under the sun. ADVERTISEMENT “Reminder about how Coinbase lists assets: our goal is to list *every* …
NBA’s Portland Trail Blazers to wear crypto logo for next five years
The Portland Trail Blazers, an American professional basketball team competing in the National Basketball Association (NBA), is moving into the cryptocurrency industry with a new partnership. The NBA announced Thursday that the Trail Blazers has landed the league’s first jersey patch sponsorship program with StormX, a blockchain company allowing users to earn crypto rewards by …
Continue reading “NBA’s Portland Trail Blazers to wear crypto logo for next five years”
Bitcoin.org blocks access to Bitcoin software download in the UK
It is no longer possible to download the Bitcoin Core software from Bitcoin.org if you visit the website with a United Kingdom internet protocol (IP) address. A notice on the website reads: “This software is presently not available for download in the UK, and download links will not work if you are located within the …
Continue reading “Bitcoin.org blocks access to Bitcoin software download in the UK”
Child’s play: Gajesh Naik, 13, manages a fortune in DeFi
At 13, it is hard to believe that anyone can understand the potential — and responsibility and danger — of holding private keys to half a million dollars while living life as a normal seventh-grader in India. What makes the case of Gajesh Naik, the 13-year-old decentralized finance (DeFi) wunderkind from Goa, so unique is …
Continue reading “Child’s play: Gajesh Naik, 13, manages a fortune in DeFi”