Bitcoin (BTC) delivered fresh volatility on Jan. 6 as rangebound behavior saw its first shake-up in weeks. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Open interest remains high Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping overnight to hit $42,000 for the first time since December. Although not the upside breakout that many had …
Monthly archives: January 2022
Bitcoin Price Prediction: BTC/USD Trades Below $45,000 as Bears Show-up Heavily
Bitcoin Price Prediction – January 6 The Bitcoin price prediction shows that BTC is currently down with 1.29% after terribly crossing into the negative side. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $48,000, $50,000, $52,000 Support Levels: $39,000, $37,000, $35,000 BTCUSD – Daily Chart Buy Bitcoin Now The daily chart reveals that …
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Bitcoin sees a 10% drawdown, what’s behind this market sell-off?
The first week of 2022 gets off to an inauspicious start as Bitcoin suffered a 10% swing to the downside on Wednesday. Bears sunk the price as low as $42,500 before closing the daily candle marginally higher, at $43,200. Source: BTCUSDT on TradingView.com With that, the Fear and Greed Index moved deeper into extreme fear, …
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What’s behind the rise in employers offering crypto salaries?
As reported by NBC New York, more and more young professionals want to get paid in crypto. And, in a bid to lure and retain talent, forward-thinking employers are meeting this demand. Even price volatility isn’t dampening the enthusiasm to get paid in crypto, leading many to wonder what’s driving this trend. Employers responding to …
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Europe’s Securities Watchdog Seeks Feedback on Regulations Ahead of DLT Pilot
ESMA, the European Securities and Markets Authority, has set out to establish if EU authorities need to amend existing regulations in order to facilitate the trading and settlement of tokenized securities. The regulator is now seeking opinions on the matter ahead of launching a pilot regime for market infrastructures based on distributed ledger technology (DLT). …
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Coinbase Shares Predictions on Future of Ethereum Scalability, Metaverse, Defi, NFTs
Coinbase’s chief product officer has shared some predictions for 2022 regarding Ethereum’s scalability, the metaverse, decentralized finance (defi), non-fungible tokens (NFTs), and more. 2022 Predictions by Coinbase’s Executive Coinbase’s chief product officer, Surojit Chatterjee, shared last week 10 predictions of what the crypto industry holds in 2022. The predictions cover a range of crypto topics, …
Banking Giant Goldman Sachs Says Bitcoin Can Break $100,000 Under This Condition: Report
One of the world’s top financial firms believes that top crypto asset Bitcoin (BTC) can breach a key psychological price benchmark by taking market share from a competing store of value. In a new article, Bloomberg reveals that a Goldman Sachs Group report lays out how Bitcoin might surpass $100,000 as it encroaches upon gold’s …
Binance implements a ‘fair way’ to purchase NFTs
Due to the rise in demand, it’s increasingly harder to purchase nonfungible tokens (NFTs) on their initial launch. Because of the limited supply, and high demand, some NFT drops have sold out after only a few seconds of release. With this, users who are interested in purchasing newly-released collections have no choice to wait until the …
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Aave launches its permissioned pool Aave Arc, with 30 institutions set to join
Decentralized lending platform Aave has launched its permissioned lending and liquidity service Aave Arc to help institutions participate in regulation-compliant decentralized finance. As opposed to its permissionless cross-chain counterparts on the platform, Aave Arc is a permissioned liquidity pool specifically designed for institutions to maintain regulatory compliance in the decentralized finance (DeFi) space. The first …
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Raoul Pal says ‘reasonable chance’ crypto market cap could 100X by 2030
Former Goldman Sachs hedge fund manager and Real Vision CEO Raoul Pal thinks that the crypto market cap could increase 100X by the end of this decade. At the time of writing, the total market cap of the global crypto sector stands at $2.2 trillion, and Pal told podcast Bankless Brasil “there’s a reasonable chance” …
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Metaversal announce $50 million Series A fund led by Coinfund and Foxhaven
Just as the Metaverse is coming to life, Metaversal announces a $50 million Series A fund co-led by CoinFund and Foxhaven Asset Management. Co-founder and CEO Yossi Hasson expressed his joy at the oversubscribed round in a tweet that also demonstrated the openness of the crypto space and the power of connections. A chance call …
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Ethereum outperformed Bitcoin throughout 2021
It is an unarguable fact that Bitcoin and Ethereum are the two biggest cryptocurrencies in the world today. The battle between these two coins dragged on throughout last year and the silent competition between both assets continues to shape the world of cryptocurrency. Ethereum outperformed Bitcoin throughout 2021 To be specific, based on multiple metrics, …
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Phantom CEO clears the air about the iOS beta launch, as public rollout approaches
Phantom, a self-custodial browser extension and crypto wallet built for Solana, became the ecosystem’s top dog despite lacking a mobile app–hitting 1.8 million monthly active users in just nine months. With the mobile app public rollout approaching, CryptoSlate touched base with Phantom co-founder and CEO, Brandon Millman, who cleared the air about the bumpy iOS …
Canaan expands crypto mining operations in Kazakhstan
Canaan, which is a leading Bitcoin mining hardware company, announced its strategic collaboration with crypto mining firms in Kazakhstan to bolster the joint mining business in the region. Canaan enters into strategic alliances with Kazakh crypto mining firms Canaan on Tuesday announced that it had successfully deployed 10,300 AvalonMiner units in Kazakhstan. As of December …
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Fuel price protests escalate in Kazakhstan causing internet blackout for its Bitcoin miners
Spurred by a sharp rise in fuel prices, raging protests in Kazakhstan brought about a nationwide internet blackout. Following the US, Kazakhstan counts as the second-largest country when it comes to mining Bitcoin–accounting for roughly 18% of the network hash rate. Internet blackout The global internet monitoring group NetBlocks confirmed a “significant disruption to internet …