Fear runs deep in the crypto market as major cryptocurrencies re-test critical support levels. On December 3rd, Bitcoin’s price wicked into the lows at $40,000 resulting in a record number of liquidated positions across exchange platforms. Related Reading | Crypto Market Analysis: December 6, 2021 At the time of writing, almost every cryptocurrency, but Bitcoin …
Continue reading “Crypto Market “Etreme Fear” Metric Reaches Multi Month Low”
If there is one thing bitcoin bull markets are good for, it’s drawing investors into the market. This has been the case for all of the past bull rallies and the 2021 rally was no different. The number of investors who bought their first BTC this year has been significant, soaring higher than the number …
Continue reading “Majority Of Bitcoin Investors Got In This Year, Says Grayscale”
A Stage Set For Inspiration The world can often feel upside down these days. What if we were able to make a blockchain bubble that felt just right for a bit? When I met with the founding team of Blockchain World in Dubai last time I was over there, I fell in love with their …
Stablecoins are an integral part of the the centralized crypto sector and the decentralized finance (DeFi) ecosystems that have sprung up over the course of the past few years because they provide the liquidity needed for traders to easily swap into different assets. They also serve as a shelter against strong downside swings like the …
Continue reading “TerraUSD (UST) adoption backs LUNA’s ascension to a new all-time high”
The Bank of Thailand has stated that it does not want commercial banks to be directly involved in the trading of crypto assets. The edict came from central bank senior director Chayawadee Chai-Anant on Dec. 7 who cited risks associated with high price volatility. “We don’t want banks to be directly involved in digital asset …
Continue reading “Central bank tells Thai banks not to offer crypto trading”
The Office of the Comptroller of the Currency in the USA will operate with only an acting Comptroller for a little longer after President Biden’s nominee, Saule Omarova, withdrew her candidacy from the confirmation process. In response to Omarova’s withdrawal, President Biden said on Dec. 7, “Saule was subjected to inappropriate personal attacks that were …
Continue reading “Biden’s controversial anti-crypto Comptroller nominee withdraws”
Bitcoin (BTC) whales are playing the latest crypto market dip “to perfection,” according to leading crypto analytics firm Santiment. Recent data shared by Santiment over Twitter show that Bitcoin whales bought $3,405,790,900 worth of BTC during its latest dip below $43.5K. “Bitcoin has recovered back to $50.1k Monday, and whale traders played the dip to perfection.” …
Crypto analytics firm Glassnode is looking behind the scenes at Bitcoin’s on-chain data and suggests that one major catalyst drove the recent steep price correction for BTC. Glassnode tells its 408,000 Twitter followers that a massive flush out of excess leverage from Bitcoin’s derivatives market was the likely sell-side driver behind BTC’s crash to a …
Current director of the Central Intelligence Agency William Burns said his predecessor at the government agency initiated projects focused on gathering intelligence on cryptocurrency. Fielding a question on crypto at the Wall Street Journal CEO Council Summit on Monday, Burns said the CIA was looking to add expertise in cryptocurrencies and blockchain to its team …
In 2020, the United States Federal Reserve embarked on a massive dollar printing journey, necessitated by the need to deliver financial stimulus packages for the American taxpayers during the wave of the Covid-19 pandemic. The U.S printed 35% of Dollar circulation in 2020 Reports even had it that that year’s print represents 35% of dollar …
Continue reading “How U.S. excessive dollar printing benefits crypto”
There is little to no doubt that the burgeoning crypto niche, non-fungible tokens (NFT) has been one of the best performing spaces in 2021 as it witnessed an unprecedented growth in transaction volume and the rate of its adoption. While institutional investors have played a role in the continued growth of the space, a new …
Continue reading “How retail buyers are dominating the NFT market in search of profit”
This month, a Bitcoin mining operation is launching northeast of Niagara Falls, on the site of decommissioned coal-fired Somerset Generating Station, The New York Times reported. Leveraging abundant sources of renewable energy and ‘plug and play’ infrastructure, New York State’s fading blue-collar towns became an increasingly popular destination for mining Bitcoin. However, the surge of …
Continue reading “What is driving Bitcoin miners to New York’s fading blue-collar towns?”
American Express’ Amex Ventures, Visa, Citi Ventures, DRW Venture Capital, Jump Capital, Marshall Wace, Block (formerly Square Inc.), and Paypal Ventures are among investors in the latest funding round of crypto transaction monitoring and forensics platform TRM. Amex, Visa, Citi, Paypal Invest in TRM Platform Crypto transaction monitoring and forensics platform TRM announced Tuesday investments …
press release PRESS RELEASE. The blockchain revolution has captured the attention of millions in the past decade. The advent of cryptocurrencies like bitcoin has redefined the concept of money, while smart contract networks have expanded blockchain applications towards different sectors. While crypto adoption continues to grow, the onus is on the underlying technology to adapt …
Continue reading “Hathor Network: Making Blockchain Easy for Everyone”
While there’s been an awful lot of calls for bitcoin to reach six-digits in value in 2021, as the end of the year draws closer, it doesn’t seem like $100K per bitcoin will happen. Bitwise Asset Management’s chief investment officer Matt Hougan told the press on Monday that “$100,000 by the end of the year …
