A new survey conducted by global decision intelligence firm Morning Consult is revealing an upbeat sentiment among retail Bitcoin (BTC) investors, despite the market downturn. The new Morning Consult survey says that the share of adults contemplating buying Bitcoin during the last week of January remained the same as it was at the start of …
Monthly archives: February 2022
Here’s Why Bitcoin (BTC) Is Bouncing, According to Crypto Analyst Michaël van de Poppe
Popular crypto analyst Michaël van de Poppe says Bitcoin (BTC) is bouncing between rallies and corrections in part due to the strength of the dollar. In a new YouTube update, Van de Poppe tells his 165,000 subscribers why Bitcoin is correcting after a heavy bounce from recent lows. “We had a beautiful bounce from mid-$32k… towards …
Jump Crypto replenishes funds from $320M Wormhole hack in largest-ever DeFi ‘bailout’
On Thursday, Jump Crypto, a crypto venture capital firm that owns Certus One, the developer of the Wormhole token bridge, announced it had deposited 120 thousand Ether (ETH) into a Solana-Ethereum bridge that suffered a devastating exploit. The day prior, hackers fraudulently minted 120 thousand wrapped Ether (wETH) worth $321 million on the Solana (SOL) …
Crypto Biz: The crypto industry is more bullish than the Bitcoin charts, Jan. 27–Feb. 2
Is Bitcoin (BTC) in a bull market or a bear market? Has the current market cycle already peaked or can we expect another leg higher? Venture capital funds don’t seem to care either way. They’re too busy building equity in promising blockchain plays. This week’s Crypto Biz newsletter features two major funding rounds from the …
Immutable X (IMX) price soars after GameStop partnership and new project launches
Nonfungible tokens (NFTs) continue to be one of the hottest sectors of the cryptocurrency market in 2022 despite the overall multi-month weakness seen in Bitcoin (BTC) and other large-cap crypto assets. One project that has benefited from the persistent bullishness in the NFT space is ImmutableX (IMX), a layer-2 scaling solution for NFTs on the …
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Coinbase users can receive US tax refunds in crypto as part of TurboTax deal
Tax filing platform TurboTax is allowing U.S. filers to get their refunds directly in crypto as part of an arrangement with crypto exchange Coinbase. In a Thursday blog post, Coinbase announced users who filed their tax returns using TurboTax would have the option to receive any returns in cryptocurrencies like Bitcoin (BTC) and others supported …
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Bitcoin Price Prediction: BTC/USD Slides Below $37,000
Bitcoin Price Prediction – February 3 The Bitcoin price prediction shows that BTC is falling below the moving averages as it trades at the $36,444 level. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $42,000, $44,000, $46,000 Support Levels: $32,000, $30,000, $28,000 BTCUSD – Daily Chart Buy Bitcoin Now The daily chart reveals …
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MicroStrategy Buys the Bitcoin Dip, Increases Crypto Stash to a Massive 125,051 BTC
MicroStrategy CEO Michael Saylor says that the enterprise analytics firm is buying the dip and scooping up even more Bitcoin (BTC). According to Saylor, MicroStrategy just purchased an additional 600 BTC for approximately $25 million at an average price of about $37,865 per Bitcoin. Saylor tells his 2.1 million Twitter followers that MicroStrategy now owns …
Authenticated Celebrity NFT Platform Colexion Secures $5 Million To Expand Its Metaverse
February 3, 2022 – Tindi, Estonia Colexion, the authenticated celebrity NFT platform providing multiple other services and experiences, has raised over $5 million, enabling the team to build the necessary infrastructure bringing the mainstream into the NFT world. Colexion raises the bar for the broader NFT industry by going beyond what traditional trading platforms offer …
Cardano (ADA) Developers Propose New Update To Increase Block Size by 11%
Cardano (ADA) developers have proposed an update that they say will help scale and improve the user experience of the project’s network. The update will increase the Cardano network’s block size from 72KB to 80KB, according to a new tweet from the blockchain platform’s development firm, Input Output Hong Kong (IOHK). The development firm also …
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OpenSea monthly volumes top $5B as NFTs continue to mainstream
In the last two weeks, Azuki, Bored Ape Yacht Club, CloneX and Mutant Ape Yacht Club have seen significant increases in floor prices and total sales volume. Over the last seven days alone, all four projects have generated an estimated $365.9 million in value, according to data from OpenSea. While the crypto market is steadily …
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Gamestop partners with Immutable X for NFT marketplace, announces $100M grant for creators
On Thursday, iconic brick-and-mortar video game retailer GameStop announced a partnership with layer-two nonfungible tokens, or NFTs, Ethereum (ETH) scaling solution Immutable X to develop GameStop’s upcoming NFT marketplace. GameStop will utilize Immutable’s technology for trading and minting NFTs. We’re thrilled to announce that @Immutable is taking another leap forward in the gaming & blockchain …
US lawmakers reintroduce bill to stop IRS from taxing crypto transactions under $200
A bill previously introduced by Washington Representative Suzan DelBene aims to exempt crypto users from paying taxes on transactions under $200. According to a Tuesday draft of the Virtual Currency Tax Fairness Act of 2022, Washington Representative Suzan DelBene is seeking to amend the Internal Revenue Code of 1986 to exclude gains from certain personal …
Automakers are minting NFTs, but is there a strong use case?
Just before the turn of the 19th century, Carl Benz announced what is now widely considered as the world’s first commercial automobile. At the time, it would have been impossible to predict how this one product could spur the development of a multi-trillion-dollar industry over the course of the next century — but it did. …
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Solana is getting a new incentive rewards mechanism
Step Finance, a Solana-based DeFi protocol, announced today that it’s launching a new kind of incentive mechanism for its users called Reward Options. The incentive will be distributed to Step Finance’s 12,000 users via airdrop, the company told CryptoSlate. Step finance to reward users with options By introducing the first-ever airdrop of call options, Step …
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