Bitcoin Holds Crucial Support as BTC Struggles Above $33,000 – July 7, 2021 Since July 6,BTC/USD – Daily Chart Buy Bitcoin Now Following the July 6 breakdown, the bulls could not resume upside momentum as the bears sell on each rally. On July 6, the upward move was repelled at $34,959 as bears attempt to …
Yearly archives: 2021
Dogecoin’s 200-day MA Holds the Key to DOGE Retaining a Top 10 Ranking
Dogecoin is now ranked 7th in terms of market capitalization Dogecoin has dropped 3 spots since its peak ranking at number 4 in early May DOGE’s 200-day MA is providing adequate support at the $0.17 price area The 200-day MA will be crucial in determining whether Dogecoin remains in the top 10 in terms of …
Continue reading “Dogecoin’s 200-day MA Holds the Key to DOGE Retaining a Top 10 Ranking”
Tron’s (TRX) Daily Transaction Count Has Grown by 522% in One Year
The daily transaction count on the Tron network has grown by 522% in the last year Tron recently hit an all-time high in daily transactions at 9.278 million The growth of unique accounts on Tron continues to grow in a parabolic manner with the network hosting 45.160 million total accounts However, TRX/USDT is about to …
Continue reading “Tron’s (TRX) Daily Transaction Count Has Grown by 522% in One Year”
This crucial Bitcoin metric reached a high. But traders don’t seem to care
Bitcoin spot exchanges outflow transaction count hit a year high, data from CryptoQuant, a popular on-chain data analysis tool for Bitcoin and other cryptocurrencies, showed. $BTC spot exchanges outflow transaction count hits a year high View chart👉https://t.co/GMN0Qjtjqy pic.twitter.com/pBXnnngBaQ — CryptoQuant.com (@cryptoquant_com) July 6, 2021 As the network re-adjusted its difficulty, Bitcoin mining saw a sharp …
Continue reading “This crucial Bitcoin metric reached a high. But traders don’t seem to care”
Bitcoin drops by $2,000. $185 million in longs go ‘rekt’
Bitcoin fell by nearly $2,000 this morning, ‘liquidating’ $200 million worth of futures positions in the past 12 hours and bringing down much of the crypto market alongside. Liquidations, for the uninitiated, occur when leveraged positions are automatically closed out by exchanges/brokerages as a “safety mechanism.” Futures and margin traders—who borrow capital from exchanges (usually …
Continue reading “Bitcoin drops by $2,000. $185 million in longs go ‘rekt’”
South Africa Regulator Wants Mirror Trading International to Pay Millions as Penalty For Contravening Financial Sector Law
A South African regulator, the Financial Sector Conduct Authority (FSCA), has informed key figures behind Mirror Trading International (MTI) that it intends to impose a fine of $7 million against the now-defunct crypto investment company. Contravention of Financial Sector Law According to a July 6 letter, which has also been sent to the CEO and …
Anthony Hopkins’ New Thriller ‘Zero Contact’ to Premiere on NFT Platform
Award-winning movie star Anthony Hopkins’ new film called Zero Contact is set to launch on a new non-fungible token (NFT) platform this summer. The feature-length movie was produced entirely virtually during the 2020 global pandemic. Anthony Hopkins Stars in Movie Launching as NFT A new feature-length movie starring Anthony Hopkins will premiere on a new …
Continue reading “Anthony Hopkins’ New Thriller ‘Zero Contact’ to Premiere on NFT Platform”
Russia Drafting Law on Confiscation of Crypto Assets
Russian Prosecutor General Igor Krasnov has revealed that legislative amendments are being prepared on the confiscation of crypto assets. “A serious challenge is the criminal use of cryptocurrencies in our country,” he said. Russia is preparing amendments to the current legislation to allow for the confiscation of crypto assets found to be proceeds from crime, …
Continue reading “Russia Drafting Law on Confiscation of Crypto Assets”
Crypto Wallet Recovery Service KeychainX Can Save Your Bitcoin
sponsored Whenever the prices of digital assets skyrocket, social media gets flooded with stories of people that could be millionaires now but forgot the keys to wallets they opened a few years before. But if this happened to you, don’t lose hope, cryptocurrency wallet recovery service KeychainX can save your money. Your Wallet With a …
Continue reading “Crypto Wallet Recovery Service KeychainX Can Save Your Bitcoin”
5 Best New Cryptocurrency To Buy Now July 2021 Week 2
Finding the best new cryptocurrency to buy in July should be easy. The reality is far from straightforward. Bitcoin has commanded the ship so far and continues to do so, with the premier digital asset controlling 50% of the overall market. But altcoins are picking up steam by the day. In this article, we explore …
Continue reading “5 Best New Cryptocurrency To Buy Now July 2021 Week 2”
Bitcoin To Skyrocket 100X the Price of Gold, According to Top Bloomberg Analyst
Mike McGlone, a senior commodity strategist for Bloomberg Intelligence, believes the price of Bitcoin could shoot past the price of an ounce of gold – by around 100 times. In the July 2021 edition of the monthly cryptocurrency newsletter Bloomberg Crypto Outlook, McGlone says that based on technical analysis, the flagship crypto asset could keep …
Continue reading “Bitcoin To Skyrocket 100X the Price of Gold, According to Top Bloomberg Analyst”
China’s central bank worried about stablecoins’ risk to financial systems
The Chinese central bank is “quite worried” about the global financial risks associated with digital currencies, particularly stablecoins, according to a senior official. Fan Yifei, a deputy governor of the People’s Bank of China (PBoC), expressed concerns over the reportedly serious threat stablecoins like Tether (USDT) pose to global financial and settlement systems, CNBC reported …
Continue reading “China’s central bank worried about stablecoins’ risk to financial systems”
Bitcoin price dips below crucial $33K support as Bitfinex shorts jump by over 5,000 BTC
Bitcoin (BTC) fell below $33,000 support on July 8 as a trusted trading range risked getting invalidated. BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView Trader: $31,000 retest next for BTC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping into the $32,000 range during trading on Thursday. The move followed an overnight retracement from …
Meitu loses $17.3M on Bitcoin, gains $14.7M on Ether
Hong Kong tech company Meitu has taken a $17.3 million hit on its Bitcoin (BTC) holdings — but on the upside, its Ether (ETH) holdings have gained $14.7 million. The developer of popular Photoshop-style apps spent a total of $100 million on BTC and ETH between March and April this year, acquiring a total of …
Continue reading “Meitu loses $17.3M on Bitcoin, gains $14.7M on Ether”
Is ShibaSwap safe? DeFi Safety review gives it a score of just 3%
Despite the immediate success of dog-themed decentralized exchange ShibaSwap, there are warnings the DEX’s liquidity providers are throwing capital into an opaque protocol of questionable security. Building on the popularity of their Doge-style toke, Shiba Inu (SHIB), amid the Elon-Musk stoked dog-token trading frenzy, the coin’s developers launched their DEX with enticing yield incentives for …
Continue reading “Is ShibaSwap safe? DeFi Safety review gives it a score of just 3%”