BitMEX has collaborated with a non-profit Human Rights Foundation to provide a $150,000 grant to Korean-based Bitcoin scaling researcher Calvin Kim. Popular crypto derivatives exchange BitMEX has announced a $150,000 grant for Calvin Kim — a Korean-based Bitcoin scaling researcher. The grant provides a second instance of support in which BitMEX has backed Kim’s research, …
Yearly archives: 2021
BNY Mellon Sets Up Crypto Unit in Ireland as Central Bank Says Bitcoin Is ‘of Great Concern’
U.S. banking corporation BNY Mellon is gearing up to offer crypto custody services out of Dublin where it has just established a digital hub. The news coincided with a stark warning issued by a top central bank official in Ireland who said people should only buy bitcoin if they’re prepared to lose money. BNY Mellon …
More Than 5 Million in Ethereum Worth $13 Billion Rests in the Eth2 Staking Contract
Statistics now show the Eth2 deposit contract has more than 5.2 million staked ether worth over $13 billion locked into the smart contract. The contract launched on November 4, 2020, and three weeks later, the contract met the required threshold to initiate the Beacon Chain. It’s not cheap to become a validator these days, as …
Marathon’s Bitcoin Mining Pool Will ‘No Longer Filter Transactions’ — Marapool Begins Signaling for Taproot
On Monday, the publicly-listed enterprise mining firm Marathon Digital Holdings announced the company has adopted the latest codebase offered by Bitcoin Core developers that features Taproot. Marathon is now signaling for Taproot according to the announcement. The North American bitcoin miner further noted that the firm’s mining operation Marapool will “cease filtering transactions.” Marathon Adopts …
Binance NFT Marketplace looks to capture market share via ‘100 Creators Campaign’
In an effort to attract users, Binance is casting a wide net to bring in artists, celebrities, and athletes. In an increasingly crowded marketplace for marketplaces, Binance is going on the offensive with a business development push aimed at bringing “100 Creators” to their forthcoming NFT platform. In a press release today, Binance announced a …
Continue reading “Binance NFT Marketplace looks to capture market share via ‘100 Creators Campaign’”
Bitcoin rejects near $37.5K, on-chain data shows capitulation from short-term holders
On-chain data shows short-term Bitcoin holders continue to capitulate while long-term investors have been buying the dip in anticipation of the market moving higher. Bitcoin started the week off with an abrupt bullish breakout to $37,500, a level some analysts have identified as a crucial ‘line in the sand’, but the rally was short-lived as …
Andreessen Horowitz Discusses Raising Third Crypto Fund to $2 Billion, Sources Say
In May 2020, back when the crypto economy was still tumultuous from the coronavirus outbreak fears and gloomy global financial outlook, in general, the private venture capital firm Andreessen Horowitz (a16z) revealed the 500 million-dollar “Crypto Fund II.” A report published on May 27 by the tech writer Eric Newcomer indicates that Andreessen Horowitz is …
Binance Smart Chain Faces yet Another Flash Loan Attack: Belt Finance Loses $6.3 Million
Belt Finance, a Binance Smart Chain-based decentralized lending protocol, lost $6.3 million in a flash loan attack last week. The attackers took advantage of a series of inefficiencies in the smart contract to manipulate the price of the set and obtain profit from a series of transactions. This is just the last of a series …
Visualizing Bitcoin’s Future Price Cycles With the Power-Law Corridor Model
There’s a number of tools, charts, and models traders use to help them forecast bitcoin price cycles and our last article discussed leveraging the Golden Ratio Multiplier. The following editorial discusses another method of bitcoin price prediction analysis by utilizing Logarithmic Growth Curves. In September 2019, a comprehensive paper published by Harold Christopher Burger describes …
Continue reading “Visualizing Bitcoin’s Future Price Cycles With the Power-Law Corridor Model”
Bitcoin Mining Difficulty Experiences This Year’s Largest Epoch Drop, Global Hashrate Slips Lower
Bitcoin’s mining difficulty dropped this week at block height 685,440 and saw the largest negative drop of the year losing close to 16%. Overall the global hashrate has dropped around 2% since the price fell below the $40k handle. Currently, the mining difficulty is around 21 trillion, and it could drop another 16% in less …
Litecoin Price Prediction: LTC/USD Price Averages $200 Resistance
Litecoin Averages $200 Resistance – May 31The present LTC/USD trading outlook suggests that the crypto’s price averages $200 resistance line after making a slight reversal from a lower point. As of writing, the market witnesses a 6.82% increment to trade around the value of $183. Averages $200 Resistance: LTC MarketKey Levels:Resistance levels: $200, $250, $300Support …
Continue reading “Litecoin Price Prediction: LTC/USD Price Averages $200 Resistance”
How relevant is the $900M open interest on Bitcoin options above $100K?
Pro traders have been buying ultra bullish Bitcoin $100,000 to $200,000 options, but how confident are they that these targets will be achieved? Bitcoin (BTC) is fast approaching its worst monthly performance in a decade, but some investors are using this as an opportunity to buy ultra-bullish long-term derivatives. There are currently over $900 million …
Continue reading “How relevant is the $900M open interest on Bitcoin options above $100K?”
3 on-chain indicators suggest the Bitcoin price sell-off is losing steam
As Bitcoin’s price shows new signs of bullish momentum, data from various on-chain indicators suggests that the current sell-off is reaching an end. Bitcoin has entered a consolidation phase following its May 19 crash from $42,600 to $30,000 on Coinbase. The flagship cryptocurrency recovered its losses quickly and reclaimed $40,000, but it failed to log …
Continue reading “3 on-chain indicators suggest the Bitcoin price sell-off is losing steam”
Coincheck crypto exchange announces Japan’s first ever IEO
The Hashpalette token sale on Coincheck is set to become Japan’s maiden initial exchange offering event. Coincheck’s goal of conducting the first-ever initial exchange offering in Japan is moving closer to becoming a reality. According to a release issued on Monday, the Japanese crypto exchange announced that the Hashpalette (HPT) initial exchange offering will take …
Continue reading “Coincheck crypto exchange announces Japan’s first ever IEO”
Bitcoin Price Prediction: Is BTC/USD Ready for $40,000 Resistance?
Bitcoin Price Prediction – May 31 The Bitcoin price is currently moving below $37,000 after the king coin hits an intraday high of $37,494. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $45,000, $50,000, $55,000 Support Levels: $28,000, $23,000, $18,000 BTCUSD – Daily Chart At the time of writing, BTC/USD is hovering around …
Continue reading “Bitcoin Price Prediction: Is BTC/USD Ready for $40,000 Resistance?”