Bitcoin (BTC) hit new multi-week highs above $45,000 on Feb. 8 as the largest cryptocurrency’s comeback continued. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $40,000 becomes popular retest target Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $45,500 on Bitstamp in its latest surge before consolidating. Volatility was once again in evidence as the …
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The number of wallet addresses holding the ADA token has increased significantly in 2022. ADA is the native cryptocurrency for the Cardano network. Since the beginning of 2022, the number of ADA wallets has increased by 13.08%. The wallets have increased from 2,666,371 recorded on January 1 to reach 3,015,400 recorded on February 7. This …
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HodlX Guest Post Submit Your Post Minnesota Congressman Tom Emmer, former co-chair of the bipartisan Congressional Blockchain Caucus, made rumblings this past month over the Fed’s role of issuing a CBDC. He introduced a bill that would prohibit the institution from issuing digital currency directly to individuals, noting that, “[A]s other countries like China develop CBDCs that fundamentally omit …
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Stock brokerage firm DriveWealth has entered the cryptocurrency industry by launching two subsidiaries designed to allow its partners to offer crypto trading to retail investors. DriveWealth is a New Jersey-based company backed by Japanese tech giant Softbank and is valued at $2.85 billion. The push into the crypto space was motivated by traders who are …
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A new partnership between global crypto exchange Binance and South Korean entertainment company YG will see the two companies strive for a more sustainable framework for future NFTs collaborations. YG manages a number of notable Kpop stars including BLACKPINK, BIG BANG, and WINNER. The Feb. 8 announcement stated the Memorandum of Understanding (MoU) will reportedly …
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The Kazakh government is considering a three-pronged proposal designed to make crypto miners pay much more for operating in the country, which could make Kazakhstan less attractive to the industry. On Feb. 4, Kazakhstan’s First Vice Minister of Finance, Marat Sultangaziyev, proposed a price increase from $0.0023 per Kwh to $0.01 (around a 335% increase) …
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Cryptocurrency exchange FTX.US will be giving away free Bitcoin as part of its upcoming advertising campaign at the Feb. 13 Super Bowl LVI. However, the amount of Bitcoin given away has yet to be determined because it will depend on what time the ad runs on the East Coast. For example, if the ad runs …
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On Jan 10th, the first stage of PulseX’s “sacrifice” ended, bringing total investment into the project to $1 billion and making it one of the largest funding rounds (albeit unofficial) in crypto history. This comes just 4 months after the half-billion-dollar sacrifice to Pulsechain, a future Ethereum fork on which PulseX is expected to be …
Continue reading “What is PulseX and Why Did People Give It a Billion Dollars?”
As the crypto crowd ponders on what the coming year has in store for digital assets, one thing is for sure: Regulation is still on the agenda, very much so. But no amount of regulation can prevent a newbie investor from a dramatic nosedive on emotion-driven and uninformed moves. And such moves are easy to …
Continue reading “Op-ed: No amount of regulation can make up for crypto illiteracy”
Cryptocurrency and blockchain firms are concerned about the future legislation revolving around the cryptocurrency industry and money spent on lobbying cemented this fact. A recently published study indicates that money spent on crypto lobbying jumped 116% in 12 months with $9.56 million leveraged to seek to influence from politicians and public officials. Millions of Dollars …
A U.S. senator has warned about China’s central bank digital currency. “Analysts have raised the eCNY’s potential to subvert U.S. sanctions, facilitate illicit money flows, enhance China’s surveillance capabilities, and provide Beijing with ‘first mover’ advantages,” the senator informed Treasury Secretary Janet Yellen. U.S. Senator Warns About the Threat From China’s Central Bank Digital Currency …
KPMG in Canada has added bitcoin and ether to its corporate treasury in what the company called a “first-of-its-kind investment.” KPMG said: “This investment reflects our belief that institutional adoption of crypto assets and blockchain technology will continue to grow and become a regular part of the asset mix.” Bitcoin and Ether on Balance Sheet …
Crypto asset management firm Valkyrie will have a new exchange-traded fund (ETF) listed on the Nasdaq this week. The stock exchange will be listing Valkyrie’s new ‘Bitcoin Mining ETF,’ an investment vehicle that will supply assets that provide exposure to company securities “deriving at least 50% of their revenue or profits” from Bitcoin or crypto …
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At the time of writing, Cardano looks promising on its charts. ADA had broken over the $1.10 mark yesterday and was currently priced at $1.20. The $1.10 mark for ADA had acted as a long-standing resistance mark for the coin. The break above the aforementioned level could push ADA to trade above the $1.20 mark …
Continue reading “Cardano Zooms Up By 6%; How Soon Will It Target $1.4?”
While initially it was just major financial entities — such as PayPal, Square, Microstrategy, amongst many others — dipping their toes into the blockchain scene, now we have players from a host of other realms also making their presence felt across these markets. For example, earlier in 2021, Twitter announced to the world that it …
