Bitcoin returned above $40,000 on February 4 after a near 6% drop a couple of days before, and BTC is trading up 8.3% on the week. The market has turned bullish, however, the Bitcoin Fear and Greed Index is still pointing to extreme fear. Bitcoin’s selling pressure seems to have diminished as the premier cryptocurrency …
Continue reading “Bitcoin creeps back over $40K, with buying pressure from long-term hodlers”
In conjunction with Immutable X, GameStop is footing $100 million to create an NFT marketplace. Rumors of this happening were first suggested in October 2021, when eagle-eyed observers noted some amended code in a Loopring Github commit. Although it drew little attention at the time, now the plans have been confirmed, critics are circling to …
Continue reading “The case against GameStop’s $100 million NFT marketplace”
The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) have jointly published the initial findings of their central bank digital currency (CBDC) research. They also published the open-source code for the CBDC project. Boston Fed and MIT Publish Initial Findings of Their CBDC Research The Federal Reserve Bank of Boston and …
press release PRESS RELEASE. Podgorica, Montenegro – A group of crypto enthusiasts has announced the release of the RIDGE charity token. RIDGE is a community-driven charity token deployed on the Ethereum network (ERC-20) with the major purpose of donating to charities and developing other crypto utilities. Over time, the team has consistently delivered and helped …
Continue reading “A Team of Experienced Crypto Enthusiasts Launch RIDGE Charity Token”
The National Football League (NFL) has announced the American football organization plans to give fans virtual commemorative tickets in the form of non-fungible tokens (NFTs) for the upcoming Super Bowl LVI in Los Angeles. The NFL has partnered with Ticketmaster to issue the commemorative NFT tickets allowing fans to hold “a digital keepsake from their …
The Bank of England (BOE) raised the country’s benchmark bank rate from 0.25% to 0.5% this week in order to curb rampant inflation. “We face a trade-off between strong inflation and weakening growth,” the British central bank’s governor Andrew Bailey told the press. Furthermore, when asked by a BBC reporter if BOE members were urging …
Bitcoin rallied above $40,000 on Friday, however, this was not the biggest mover in crypto markets to end the week. Cryptocurrencies climbed today, following news that over 400,000 jobs were added to the U.S. economy last month. Biggest gainers Bitcoin (BTC) climbed to $40,000, ethereum was fast approaching $3,000, with Solana nearing $110, however, none …
Continue reading “Technical Analysis: Bitcoin Hits $40,000, as LEO Leads Friday Rally”
The recent crypto market meltdown drove investor enthusiasm toward the two largest crypto assets by market cap, according to a new survey conducted by digital asset manager CoinShares. The digital asset manager says that while investor sentiment for Bitcoin (BTC) and (ETH) improved in December of 2021, Cardano (ADA), Solana (SOL) and additional altcoins witnessed …
A widely-followed crypto analyst says Bitcoin (BTC) is showing strength but needs to flip certain levels to continue its recent near 10% rebound. In a YouTube update, Van de Poppe tells his 165,000 subscribers that BTC is still carving out a comfortable range for itself. “We have been taking the actual low there around $36.4k, and as …
Leading US-based digital asset exchange Coinbase is teaming up with a popular tax filing program to turn income tax refunds into cryptocurrency. In a new blog post, Coinbase says TurboTax users can now have their tax refunds sent directly to their Coinbase accounts. “With tax season officially underway, customers expecting a refund might be wondering …
Continue reading “Coinbase and TurboTax Partner To Enable Crypto Tax Refunds”
New data from crypto insights firm Chainalysis reveals that wash trading may be artificially inflating the value of non-fungible tokens (NFTs). In a new report, the market intelligence firm finds that while most of the 262 wash traders they identified were seeing losses, they have profited nearly $8.5 million as a group overall in 2021. …
The armed forces of Myanmar, which have been in control of the government since forcibly detaining many elected leaders in 2021, is reportedly planning to release a digital currency to help the local economy. According to a Thursday report from Bloomberg, Major General Zaw Min Tun said rolling out a digital currency would “help improve …
Continue reading “Myanmar’s military government considers launching digital currency: report”
Today’s Nifty News rounds up nonfungible token (NFT) projects centered around the Winter Olympics, which began Friday in Beijing, China. The following are initiatives taken by the International Olympic Committee, or IOC, The British Olympic Association, and an independent artist leading up the 2022 games. IOC celebrates Olympic history Since June 2021, the IOC has collaborated …
Continue reading “Nifty News: Olympic Games Beijing 2022 edition”
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. It’s been a tumultuous week of doxxing, hacks, bailouts and new highs in the decentralized finance space. Read on to recap the most impactful stories of the last seven days. This article represents a conspectus of the full email newsletter. For the full edition, sign …
Continue reading “Finance Redefined: Wonderland reveal and Wormhole hacked, Jan. 28–Feb. 4”
China’s crackdown on mining has led miners to search for other countries in which to continue their operations. Promises of reduced costs led some to Argentina. However, the country’s government has now applied new rates for crypto miners in the province of Tierra del Fuego. Argentina’s Energy Secretary of the Ministry of Economy published and announced …
Continue reading “Profitability makes crypto mining more expensive in Argentina”
