Nonfungible tokens (NFTs), gaming protocols and the dawn of the Metaverse were all trending topics in 2021 and they are shaping up to be even bigger in 2022. NFTs and Metaverse-related projects are also bouncing back quickly from the market-wide downturn and Vulcan Forged (PYR) is one of the top movers this week. The project …
Monthly archives: February 2022
3 reasons why QuickSwap (QUICK) price spiked by 50%
Decentralized finance (DeFi) and the control it gives users over their assets is one of the most applicable sectors of the cryptocurrency ecosystem, but the general public is still hesitant to interact with most DeFi products due to the steep learning curve and the possibility of losing funds. One decentralized exchange (DEX) that is taking …
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Bitcoin price closes in on $40K, but pro traders are still skeptical
The Bitcoin (BTC) daily price chart seems to be making a steady recovery pattern, but some concerning indicators are coming from derivatives markets. At the moment, the futures and options markets are showing a lack of confidence from Bitcoin pro traders, but there’s a positive spin to the data. Bitcoin price at Coinbase, USD. Source: …
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Bitcoin (BTC) Price Prediction: BTC/USD Is in a Range Bound Move as Bitcoin Fluctuates above $38,000
BTC Trades Marginally as Bitcoin Fluctuates above $38,000 – January 31, 2022 BTC/USD has resumed a narrow range between $38,200 and $39,000 price levels as Bitcoin fluctuates above $38,000 . Today, Bitcoin has retraced to $38,376 support after rejection from the $39,000 resistance zone. Further retests are likely at the overhead resistance. Today, BTC’s price …
FC Porto and Binance showcase their fan token partnership
In November, Binance officially signed a partnership with football giants FC Porto as an official fan token partner. Now they are ready to highlight this partnership in all of its glory, bringing interactive, social tokens to their fans. After a match against CS Marítimo FC Porto chose a winning message from a fan and distributed …
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Silvergate swoops in with $200 million bid on failed Diem project
Silvergate Bank gives Diem, also known as Facebook Coin, a way out by buying the failed project’s assets. Since its unveiling in the summer of 2019, Libra, as it was known then, has faced an uphill battle in winning over both regulators and the crypto community. Facebook founder Mark Zuckerberg previously said Diem’s launch hinged …
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Microstrategy Buys 660 More Bitcoins —Total Holdings Rise to 125,051 BTC
Nasdaq-listed Microstrategy has bought 660 more bitcoins at an average price of $37,865 per coin, bringing the total crypto holdings of the company to 125,051 bitcoins. “Our strategy with bitcoin has been to buy and hold, so to the extent we have excess cash flows or we find other ways to raise money, we continue …
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Geeking out With RPGs and NFTs: AdaQuest to Hold a Public Sale on KICK․IO
press release PRESS RELEASE. It is surprising how many NFT enthusiasts are also into role-playing games. In retrospect, it was only really a matter of time before someone combined these two passions into one. That’s why KICK.IO launchpad is excited to announce a new fun and promising project – AdaQuest, an NFT-based role-playing game. AdaQuest …
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Blockchain Software Firm Consensys Acquires Mycrypto Ethereum Wallet
On February 1, the blockchain infrastructure firm Consensys has revealed it has acquired the Ethereum-based wallet Mycrypto and plans to merge the wallet into Metamask. The price Consensys paid for Mycrypto was not disclosed but the announcement notes that the acquisition will “further improve the security of all the products.” Consensys Obtains Mycrypto Ethereum Wallet, …
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$3.6 Billion in Bitcoin From the 2016 Bitfinex Hack Consolidates Into a Single Address
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News …
Technical Analysis: Solana Surges 15%, as Loopring Price Declines
Solana was trading close to 15% higher on Tuesday, as crypto markets were mostly in the green to start February. This comes as markets look set to move past January’s red wave. Biggest gainers Cryptocurrency markets were mostly bullish during Tuesday’s session, with several projects seeing their value rise to start the new month. One …
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On-Chain Analyst Willy Woo Makes Argument for Why Bitcoin (BTC) Is Not in a Bear Market
Crypto analyst Willy Woo is examining the on-chain metrics of Bitcoin (BTC) to determine the flagship cryptocurrency’s current market state. Woo says on the What Bitcoin Did podcast that, based on on-chain analysis, Bitcoin is not exhibiting a “bear market setup.” “Structurally on-chain, it’s not a bear market setup. Even though I would say we’re …
Institutional Investors Cautiously Building Crypto Positions As BTC Remains Below $40,000
Institutional investors appear to be dipping their toes back into the crypto markets to get in on lower price levels, according to a new report. Digital asset manager CoinShares says investors are cautiously adding to their crypto portfolios. “Digital asset investment products saw inflows for a second week totaling US$19m last week, while small, it …
Bitcoin and Ethereum Prices Should Rise Over Time As BTC and ETH in Early Adoption Days, Says Bloomberg Analyst
Bloomberg senior commodity strategist Mike McGlone says he’s long-term bullish on Bitcoin (BTC) and Ethereum (ETH) as he notes both crypto assets are still in their “early adoption” days. In a tweet, McGlone says that the top two crypto assets by market cap are flashing signs of long-term health. “Bitcoin and Ethereum remain in early …
Long-Time Bitcoin Trader Tone Vays Issues Warning, Says BTC Hinting Historically ‘Catastrophic’ Pattern
Veteran crypto trader Tone Vays is warning that BTC’s moving averages are flashing signs of potential catastrophe in the coming months. In a new YouTube update, Vays tells his 120,000 subscribers that Bitcoin’s seven-month moving average is in danger of dipping below the 20-month moving average. Historically speaking, such crossovers have led to major losses for the …