Despite the recent downfall of the crypto market, the projection of Bitcoin (BTC) to cross the $100k threshold remains seen as a matter of time. Back in December, Bloomberg Intelligence indicated that the anticipated mark would happen eventually “due to the economic basics of increasing demand vs. decreasing supply,” and new data shed some light …
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Ethereum has experienced a market pullback following bitcoin recently. Although the market remains in a downtrend, the digital asset has been holding up quite nicely. Ethereum has been trending above $2,800, almost 50% down from its all-time high. But a model suggests that three is a 4x movement in the near future of the digital …
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Scalability is one of the main hindrances within decentralized finance (DeFi) applications and has created huge barriers to entry. Closely linked to this has been the issue of high gas fees, which continues to be a major pain point for newcomers to the Web3 space. When Web3 goes mainstream, these gas costs will become minimal. …
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Rafael ‘Ted’ Cruz, the junior Republican senator from Texas, is putting his money where his mouth is. According to a financial disclosure filed on Friday 4th Feb, Cruz bought between $15k and $50k worth of Bitcoin (BTC) on January 25th, using the River brokerage. At the time, Bitcoin was trading between $36k and $37k, and …
Bloomberg’s senior commodity strategist thinks broader macroeconomic factors could shine favorably on both Bitcoin (BTC) and Ethereum (ETH) despite their rocky start to 2022. In a new analysis, Mike McGlone says the United States midterm elections in November plus rumblings of a potential war in Eastern Europe indicate that the top cryptocurrencies could have a …
Video game retail giant GameStop is entering the crypto world through a partnership with an Ethereum-based digital assets marketplace. In a new press release, GameStop says they are teaming up with Ethereum layer-2 scaling solution Immutable X (IMX) to create a joint non-fungible token (NFT) marketplace. “Immutable X will also become a layer-2 partner and …
February 4, 2022 – Los Angeles, California The metaverse – where is it taking us? Building Better Worlds launches inaugural global metaverse conference. Leading minds behind the digital revolution discuss forging new pathways toward building a better future. Building Better Worlds announces their inaugural virtual global conference slated for February 15, 2022. This is the first in …
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The United States Securities and Exchange Commission (SEC) has once again delayed its ruling on whether to approve Grayscale’s application for a Bitcoin (BTC) exchange-traded fund (ETF), citing familiar concerns around manipulation, liquidity and transparency. In a notice published Friday afternoon, the SEC expressed concerns about how the digital asset manager intends to convert its …
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The cryptocurrency market has an interesting way of catching even the most seasoned veterans off guard as each bull and bear market initially shows similarities to previous cycles only to veer off in an unexpected direction and wipe out the fortunes of newly minted crypto millionaires. This was the case with the weak close of …
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A piece of legislation aimed at addressing supply chain issues to keep the U.S. economy and businesses competitive has passed the House of Representatives — without a provision many in the crypto space had criticized for giving the Treasury Secretary authority to shut down exchanges. In a 222-210 vote on Friday, the House of Representatives …
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The influence of blockchain technology on the ongoing digital revolution cannot be overstated as the rise of the Metaverse and the integration of virtual reality is transforming the way humans interact on a global scale. One project that is beginning to gain traction in its effort to bridge the old world with the new is …
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Bitcoin Price Prediction – February 4 With the Bitcoin price prediction shooting close to $41,000 now, it is doing a little to flip the market sentiment at this stage. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $45,000, $47,000, $49,000 Support Levels: $34,000, $32,000, $30,000 BTCUSD – Daily Chart Buy Bitcoin Now Looking …
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A widely held belief among crypto enthusiasts is that the industry is going to change the lives of people for good. And this has been the case with the many stories we find online. Brittany Pierre, a 36-year-old woman living from paycheck to paycheck, saw her life changed for the better after a chance encounter …
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In January, crypto exchanges saw spot volumes reach their lowest level since December 2020, CryptoCompare’s recent market data analysis report revealed. While spot volumes fell 30.2% month-on-month, derivatives market volumes remained steady and reached an all-time high (ATH) market share of 61.2%–suggesting crypto investors turned to hedging and speculation. Spot trading volumes took a severe …
According to Bloomberg, Myanmar’s military is planning to introduce its own digital currency in the region to bolster its economic prosperity. As sources report, a top spokesperson at the State Administration Council shared that the country is currently evaluating how to move forward with the digital currency launch. Myanmar mulls over launching its own digital …
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