Compound is among the few altcoins that offer unique crypto market experiences outside of what other tokens offer. The Compound open-source protocol allowsSource: TradingView Even with the current bulls, COMP still has a long way to go before recovering its May ATH. The coin is trading at support levels of $260 and $250. If it …
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Crypto analyst Justin Bennett weighs in on where the overall crypto markets could finally find a bottom amid ongoing bearish price action. In a new tweet, Bennett says his technical analysis suggests that the total market capitalization of all crypto assets could fall to $950 billion, representing roughly a 30% drop from current levels. ADVERTISEMENT …
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Blockchain technology promises to provide humanity and freedom with the rise of Web 3.0, a truly decentralized internet. Some even argue that the significant rise of the decentralized finance (DeFi) sector has become an important symptom of the conceptual shift from centralized services to decentralized ones, with Web 3.0 being its cornerstone. Moreover, some even …
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John McAfee, the founder of the antivirus software company of the same name, is one step closer to facing prosecution in the United States for tax evasion. In a ruling released today, the Spanish National Court approved the extradition of McAfee to the United States. The U.S. government had been seeking his extradition for charges …
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Bitcoin (BTC) maintained $34,000 support on Wednesday as a rebound from six-month lows showed surprising resilience. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin bulls see 2020 similarities Data from Cointelegraph Markets Pro and TradingView showed BTC/USD stabilizing on Wednesday after a day of unnerving volatility. At the time of writing, Bitcoin was approaching $34,500 …
Chinese mining giant Bitmain is reportedly scrambling to respond to market conditions amid a major crackdown on crypto mining activity by local authorities. According to a Wednesday report by Chinese news agency Sina Finance, Bitmain has halted global spot sales for its new Bitcoin (BTC) mining devices in order to avoid losses by customers amid …
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Many companies make use of B2B payments. Here’s what you should know about payment solutions if you are involved in the business sector. B2B payments are business-to-business transactions. This type of commerce involves payments between various entities including manufacturers, retailers, and wholesalers. The term “B2B” was first introduced in the 1990s. Prior to that, B2B …
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Struggles for Recovery – June 23The recent downward forces in the market valuation of ETH/USD have now resulted to making price struggles for recovery moving manner at a lowly value. As of writing, the crypto’s point trades around the level of $1,992 at a percentage rate of 5.95. Struggles for Recovery: ETH MarketKey Levels:Resistance levels: …
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Crypto analyst Benjamin Cowen thinks Cardano (ADA) is still one of the top racehorses of this market cycle, despite the sector-wide downturn in the markets this past week. In a new strategy session, Cowen tells his 467,000 YouTube subscribers that ADA is one of the few coins that has held up in the midst of …
Major Chinese cryptocurrency miner provider Canaan has posted an update on its crypto mining business in Kazakhstan amid an ongoing crackdown on Bitcoin (BTC) mining in China. Canaan announced Monday that the company has rolled out its own crypto mining business in Kazakhstan using its latest Avalon Miner units. The firm’s move to Kazakhstan comes …
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An overnight bounce across the cryptocurrency assets this Wednesday saw Solana (SOL) outpacing its top rivals, including Bitcoin (BTC) and Ether (ETH). The SOL/USD exchange rate surged 55.10% to $31.58 on Wednesday after bottoming out at $20.14 in the previous session. Its move uphill came in the wake of an overall crypto market retracement that, …
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The United States Securities and Exchange Commission has postponed its decision on whether to approve a Bitcoin (BTC) exchange-traded fund. The SEC has delayed its decision on a Bitcoin ETF filing by Texas-based family investment fund Valkyrie Digital Assets after receiving comments on the proposed rule change regarding the new fund. According to an official …
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China, once home to about 65% of the total Bitcoin (BTC) mining hash power, has given the boot to several miners in the country. The country’s Bitcoin mining ban means miners have been forced to shut down their operations with some establishments already moving hardware overseas. Tweeting on Wednesday, Kevin Zhang, vice president of crypto …
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Bitcoin (BTC) Regains Bullish Momentum as Bitcoin Recovers from $29,247 – June 23, 2021 BTC/USD – Daily Chart Buy Bitcoin Now Following the recovery above the critical support at $31,000, buyers are focusing to retest the $40,000 high. Yesterday, the bulls successfully defended the $31,000 support as the crypto regained bullish momentum. The question is: …
Bitcoin is trading at the lower boundary of the stock-to-flow model by PlanB Bitcoin has traded at this lower boundary before as was the case in March 2020 According to PlanB, his model could be invalidated if Bitcoin remains in the $30k range for a couple more months Time will tell whether the current Bitcoin …
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