Bitcoin (BTC) headed towards a key Wyckoff level on July 6 as BTC price action got traders excited about an altcoin surge. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Wyckoff in focus below $36,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading up 4.6% versus the previous day’s lows on Tuesday. After seeing tests …
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Bitcoin (BTC), the largest cryptocurrency by market capitalization, has already started losing its market dominance to Ether (ETH), according to Celsius Network CEO Alex Mashinsky. In a Monday interview with Kitco News, Mashinsky argued that the Ether “flippening,” or the hypothetical scenario in which Ether overtakes Bitcoin as the world’s most valued cryptocurrency, is already …
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Self-described “Bitcoin King,” Claudio Oliveira, has been arrested and charged by Brazilian federal police for allegedly masterminding a 1.5 billion reais (roughly $300 million) fraud scheme involving crypto. Oliveria served as the president of Bitcoin Banco Group, a Brazilian crypto brokerage firm that has been under investigation since 2019 claiming to have lost 7,000 BTC …
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Compound jumps 40% while Aave and Uniswap enjoy 20% gains. As Ethereum has pushed almost 10% higher this week, Bitcoin has drifted sideways on mixed headlines. The Chinese clampdown on mining continues to drive uncertainty in the market, along with the ramp up of regulatory discussion in the US. Yet this is matched by equal …
Continue reading “DeFi Boosts Market As Bitcoin Taps on $35K – eToro Crypto Roundup”
Decentralized finance protocol BarnBridge has introduced an application that allows users to automate position management between Ethereum-based assets. On July 5, BarnBridge announced its second application, dubbed “SMART Exposure.” The application enables users to passively maintain a particular weighting between the assets in a specific ERC-20 token pair through automatic rebalancing. The application has been …
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An ex-Google tech lead and YouTuber with more than 1.1 million subscribers has been accused of engineering a multi-million dollar “pump and dump” scheme. Patrick Shyu, known pseudonymously as TechLead on YouTube, launched the Million token (MM) via Initial Dex Offering (IDO) on leading decentralized exchange Uniswap on July 1. The project’s website describes Million …
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Swiss multinational investment banking giant, UBS, has warned its clients that crypto assets cbe unsuitable for professional investors if regulatory pressure continues. In a note sent to clients last week, the global wealth management team at UBS said China’s latest crackdown had hurt crypto prices and operators, cautioning that further regulatory pushback worldwide could exacerbate …
It appears that Tesla and SpaceX CEO Elon Musk is gradually losing his influence over the cryptocurrency market, judging by the lack of any meaningful impact on prices his crypto-focused tweets are making lately. Just a few months ago, a single tweet from Musk that involved Bitcoin (BTC), Dogecoin (DOGE), or any other cryptocurrency was …
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Almost a year ago, Alex Saunders of Nugget’s News said Cardano would not have smart contracts ready by this time next year. As that deadline fast approaches, the Alonzo smart contract phase is still in testnet, leading Saunders to conclude that Ethereum’s network effect puts it “100x ahead of competitors.” One year later & still …
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The Nasdaq-listed cryptocurrency exchange Coinbase is actively building a cryptocurrency hub in India. The company says it has “ambitious plans” for the South Asian crypto hub and is looking to hire for many positions, including hundreds of engineers. Coinbase Has ‘Ambitious Plans’ for Its Indian Crypto Hub Coinbase published a blog post on Friday, authored …
Switzerland’s largest bank, UBS, has advised investors to “stay clear” of cryptocurrencies and “build their portfolio around less risky assets.” The UBS analysts warned that “Regulators have demonstrated they can and will crack down on crypto.” UBS’ Crypto Advice and Warning The global wealth management team at UBS warned in a note published last week …
Equity strategists and portfolio managers were asked about what the price of bitcoin will be by the year-end. Almost half of the surveyed participants say the price of the cryptocurrency will fall below the $30K level but some believe it will rise to $60K. Year-End Bitcoin Price Expectations by Equity Strategists and Portfolio Managers Equity …
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New York locals are accusing Greenidge Generation’s gas-fired Bitcoin mining plant of heating Seneca Lake in upstate New York. On a daily basis, the Greenidge plant is permitted to withdraw 139 million gallons of water from the lake and discharge 134 million gallons of water. The plant is also allowed to discharge water with a …
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Crypto analyst and trader Scott Melker is sharing his Dogecoin (DOGE) analysis, teasing the possibility of a significant DOGE breakout. Melker tells his nearly 500,000 Twitter followers that if DOGE can surpass its immediate resistance at $0.26, the asset could surge 58% toward $0.38. However, the trader says that if bulls want to make a …
A website aiming to support the development of Bitcoin has reportedly been hit with a DDoS attack. Cøbra, the pseudonymous owner of Bitcoin.org, reported on Twitter today that the website had been hit with an “absolutely massive” distributed denial of service, or DDoS, attack along with a ransom demand for an undisclosed amount of Bitcoin …
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