The popular online newsletter platform Substack is now accepting Bitcoin payments for some of its content. OpenNode, a BTC payment processor, is teaming up with Substack to enable the payments, which can happen on-chain and through the Lightning Network. ADVERTISEMENT Substack is backed by crypto-friendly venture capital giant Andreessen Horowitz, with the platform publishing …
Monthly archives: August 2021
Bitcoin rejects $51K after Michael Saylor reveals new BTC purchase — What’s next?
Bitcoin (BTC) is currently facing a crucial resistance to break through after a massive rally of 70% since the recent low in July at $28,000. This resistance is found in the psychological area between $50,000 and $51,000 and can be classified as the final hurdle before a new all-time highs. This correction started when Michael …
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Mark Cuban-backed Alethea AI closes $16M private token sale
Venture funds and other strategic investors have recognized the value proposition of NFT marketplaces. Some of blockchain’s biggest investors are behind the Alethea AI token sale. Nonfungible token protocol Alethea AI has closed a $16 million private token sale to build scalable infrastructure for the NFT market, highlighting once again the growing demand for digital …
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Poll shows Brits concerned over the prospect of a digital pound
In a recent survey, British adults expressed concerns of personal privacy and government interference on the prospect of a government-backed digital currency. The results of a recent survey undertaken by Redfield & Wilton Strategies on behalf of Politico suggest that a plurality of the British adult population hold visceral concerns surrounding a Bank of England …
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Bitcoin returns to classic resistance, but belief in a fresh BTC price pullback is fading
Bitcoin (BTC) stayed tantalizingly close to $50,000 on Tuesday as bulls contended with a classic resistance level. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Too late for “dirt cheap” Bitcoin? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding necessary support levels for bullish continuation through Tuesday. The pair had dipped to within the $48,000 …
What is Uniswap (UNI), and how does it work?
Uniswap is a kind of decentralized exchange or, in short, DEX that is on the ascent. The Uniswap platform has been in existence since 2018, working on the Ethereum blockchain. It is the second-biggest cryptocurrency program in terms of market capitalization globally, making it viable with all ERC-20 tokens and frameworks, for example, wallet services …
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Cardano, Cosmos and Three Other Altcoins Brewing Massive Rallies, According to Analyst Scott Melker
Widely followed crypto strategist and trader Scott Melker is keeping a close watch on Cardano, Cosmos and three more altcoins that he says are poised to ignite huge rallies. In a new strategy session, the crypto analyst tells his 78,100 YouTube subscribers that it is clear skies for Cardano after the smart contract platform breached …
FTX’s Bankman-Fried remains cautious about nascent NFT space
In an interview with CNBC’s Street Signs Asia released Tuesday, Sam Bankman-Fried expressed optimistic caution surrounding the pace of nonfungible tokens’ (NFT) growth over the last year, warning investors that they could become vulnerable to the volatile market dynamics if improperly educated in the space. The 29-year old crypto entrepreneur and founder of the trading …
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Canadian Bitcoin miner Blockstream joins crypto unicorns with $3.2B valuation
Canada-based Bitcoin (BTC) infrastructure firm Blockstream, co-founded by cryptographer and cypherpunk Adam Back, has hit unicorn status with its latest valuation at $3.2 billion. The company, which focuses on various Bitcoin-related areas — including operating as a mining service provider and developing renewables-based infrastructure intended to “green” the veteran cryptocurrency — has raised $210 million in …
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Cardano chalks a bearish wedge as ADA price soars by over 100% in Q3
The latest rally in the Cardano (ADA) market has activated a classic bearish pattern that threatens to lower its prices by as much as 15%. Dubbed as Rising Wedge, the textbook pattern forms when the price consolidates between upward sloping resistance and support trendlines. Its occurrence typically prompts a bearish reversal, confirmed by a voluminous …
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Australians lost over $25 million to bogus crypto investments: Report
Investment scams in Australia cost investors more than 70 million Australian dollars ($50.5 million) in the first six months of 2021, with crypto scams contributing to more than 50% of the losses, according to Scamwatch data. As reported by the Australian Competition and Consumer Commission (ACCC), Scamwatch data shows a 53.4% increase in investment scam-related …
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Single ‘EtherRock’ sells for over $1.3 million as NFT mania continues
A pixelated picture of a rock from the EtherRock collection sold for over $1 million yesterday. It was no Hollywood starrer story of rock success either, but a live-action that’s occurring on the Ethereum blockchain. EtherRock 42 purchased for Ξ400 Ether($1,326,280.00) 7 mins ago (Aug-23-2021 08:31:58 PM +UTC) Txn: https://t.co/bSZvXGmCpt#EtherRock #EtherRocks pic.twitter.com/UGWCfAu1zx — EtherRock Price …
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China court doubles down on crypto FUD. Says sector ‘not protected by law’
A regional high court in China’s Northern Shandong province’s high court said yesterday that crypto trades or investments are not “protected by law,” after reviewing a case involving the asset class, a report on SCMP stated. Local authorities feel the ruling could set a precedent for other courts in China. As such, the case marks …
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5 Best Cryptocurrency To Buy At Low Prices August 2021 Week 4
The cryptocurrency market is consolidating after its rise over the past couple of weeks. Its total value remains at $2.2 trillion, having stood at $1.9 trillion two weeks ago and $1.4 trillion last month. This represents increases of 15.8% and 57%, respectively, with certain coins rising by even bigger percentages. However, while most of the …
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Top Crypto Analyst Issues Bitcoin Warning As BTC Taps Crucial Resistance at $50,000
A prominent crypto analyst and trader is issuing a warning to Bitcoin investors and traders alike as the leading cryptocurrency prints a new 90-day high above $50,000. The crypto strategist, known in the industry as Credible, tells his 228,100 followers that he sees Bitcoin pulling back as it inches close to a crucial resistance area. …