Bitcoin (BTC) began a nervous weekend at around $39,000 on Feb. 26 after an overnight spike briefly saw $40,000 return. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks gains but crypto “fear” pervades Data from Cointelegraph Markets Pro and TradingView revealed calmer conditions for BTC/USD Saturday after overnight volatility saw highs of $40,330 on Bitstamp. With …
Monthly archives: February 2022
Bitcoin (BTC/USD) Price Bounces, Hitting $40,000 Resistance
Bitcoin Price Prediction – February 26There were significant downward-falling forces in the BTC/USD market some days back. The crypto-economic price bounces, hitting a $40,000 resistance trading line to trade around $38,822 at a negative percentage rate of 1.05. BTC/USD Market Key Levels: Resistance levels: $42,500, $45,000, $47,500Support levels: $35,000, $32,500, $30,000BTC/USD – Daily ChartThe BTC/USD …
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Litecoin (LTC) Miners Begin Signaling for the MWEB Upgrade
Litecoin miners have started the process of signaling for the MimbleWimble upgrade AntPool was the first mining pool to signal for the upgrade 75% of the miners need to signal for MimbleWimble for it to be activated If the miner’s threshold has not been reached in 1 year, MWEB will be implemented automatically The MWEB …
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Cardano’s scaling solution based on ZK Rolloups unveiled
The official blog post by the team behind Cardano’s first ZK Rollup dubbed ‘Orbis’ revealed how the solution will allow the network to tackle those scaling problems Hydra won’t be able to solve. ZK Rollups leverage computation and verification of transactions to be performed on a specialized off-chain network. The revealed Layer 2 solution is …
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Coinbase’s Trading Volume Grew 8.5 Times in 2021 — With 89 Million Verified Users
The Nasdaq-listed cryptocurrency exchange Coinbase says the number of monthly transacting users on its platform rose to 11.4 million at the end of 2021, which was more than four times the previous year. In addition, Coinbase’s trading volume grew more than 8.5 times from the previous year, and the number of verified users has risen …
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South African Treasury on Crypto Regulations: Amendments to Relevant Laws to Be Finalized in 2022
The South African Treasury says it expects the amendments to the country’s financial laws — that will see crypto asset service providers being included as accountable institutions — to be finalized in 2022. Aligning Local Laws With FATF Standards The South African Treasury has said it expects the proposals to include crypto asset service providers …
Here’s What Needs To Happen for Bitcoin (BTC) To Reverse Course, According to Veteran Trader Tone Vays
Seasoned trader Tone Vays outlines what needs to take shape for leading digital asset Bitcoin (BTC) to flip bullish as the crypto markets continue to react to global geopolitical instability. In a new strategy session, the analyst tells his 120,000 YouTube subscribers that the top crypto asset by market cap has seen a three-month period …
Intel CEO unveils the Bonanza Mine crypto mining chip
The CEO of Intel, Pat Gelsinger, seems to be venturing into Bitcoin mining despite slamming the activity just a few days ago over high energy consumption. Gelsinger noted that Bitcoin mining was a “climate crisis”, but now his company is developing a chip to be used in Bitcoin mining. Intel unveils a Bitcoin mining chip …
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Microstrategy CEO: Wars Create Inflation Making BTC Compelling
Michael Saylor has pointed out that wars create inflation, cripples commerce and make Bitcoin compelling Bitcoin has already proven to be an alternative in Ukraine for its citizens and residents Two Danish reporters in Ukraine bought a car with Bitcoin after ATMs stopped working Over $4 million in digital assets has been donated to aid …
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Why Do Big Brands Join the Metaverse, and Why Does It Need Them?
HodlX Guest Post Submit Your Post A few years ago, the metaverse was only a fancy buzzword used to describe dystopian virtual worlds like the OASIS in the ‘Ready Player One’ movie – or the digital realm Neal Stephenson envisioned in his 1992 science fiction novel ‘Snow Crash.’ However, while decentralized projects continue their rise in …
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DOJ indicts BitConnect’s Indian founder for $2.4B crypto Ponzi scheme
The founder of the infamous crypto exchange BitConnect, Satish Kumbhani, has been charged for allegedly misleading investors globally and defrauding them of $2.4 billion in the process. According to the Department of Justice (DOJ), a San Diego-based federal grand jury specifically charged Kumbhani for orchestrating the alleged Ponzi scheme via BitConnect’s “Lending Program”: “BitConnect operated …
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Is there a future for digital fashion in the Metaverse?
ourtesy of Kat Taylor Cattytay, digital fashion appeared in 2017. However, we began to talk loudly about it only in 2020. It all began five years ago when Kat first made an Instagram post with the caption “Virtual Clothing!!!” Then, there was a collaboration with Adidas, Off-White, Vetements and Balenciaga. These brands were interested in …
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Bitcoin (BTC) Price Prediction: BTC/USD Hovers above $39K as Bitcoin Faces Rejection at $40K
BTC Price Reaches Overbought Region as Bitcoin Faces Rejection at $40K- February 25, 2022 Today, buyers are unrelenting as they continue to hold above $39,000 as Bitcoin faces rejection at $40K. The resistance zone is an overbought region of the market. In a strong trending market, BTC/USD will scale above the resistance zone. Bitcoin is …
Coinbase launches a trading platform allowing users to convert crypto into Mexican pesos
Leading cryptocurrency exchange, Coinbase has announced that it has launched a trading program that allows crypto recipients in Mexico to cash out their funds in pesos. Coinbase wants to shake up the $700 billion global remittance market where immigrants from around the globe are sending money from the US to their home countries. For Mexicans, the …
China outlaws crypto fundraising, offenders could face jail sentences
Under new legal interpretation from China’s Supreme People’s Court, raising funds using cryptocurrency is deemed as an illegal activity in the country, according to South China Morning Post. The new ban adds to tightening regulations targeting financial scams in the country which became infamous for its crackdown on cryptocurrencies over the years. Jail sentence penalties …
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