Senior Bloomberg strategist Mike McGlone believes that Bitcoin (BTC) could crash before hitting a six-figure price in the coming months. In a new video interview, McGlone says that the flagship cryptocurrency is likely to fall to a key support level of $30,000 before it rallies to a price of $100,000, a gain of 230%. “If …
Monthly archives: March 2022
Four Central Banks To Launch Digital Currency Prototypes in Partnership With Bank for International Settlements
The Bank of International Settlements (BIS) is partnering with four financial institutions to develop central bank digital currencies (CBDCs). In a new report, the BIS introduced Project Dunbar to focus on how a shared platform incorporating several CBDCs could help make international payments “faster and safer.” “Project Dunbar explores how a common platform for multiple central …
Coinbase Board Director and Former U.S. Justice Department Prosecutor Announces $1,500,000,000 Crypto Fund
Coinbase board director and former federal prosecutor Kathryn Haun is announcing the launch of her new venture fund supporting Web 3.0, the next generation of the internet based on decentralized blockchain technology. Haun tells her 92,500 followers on Twitter that her venture capitalist firm Haun Ventures just raised $1.5 billion, representing the largest debut fund …
Axie Infinity (AXS) price reverses course with 50%+ gain ahead of Origin launch
Play-to-earn (P2E) gaming was one of the hottest sectors in the cryptocurrency market in 2021 and based off the recent moves of Yuga Labs and Bored Ape Yacht Club, the gaming industry could continue to be a winner in 2022. Axie Infinity was the first game to really capture widespread attention and highlight the possibilities …
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Synthetix commence debt pool merger to enhance liquidity and staking capabilities
Decentralized finance, or DeFi, protocol Synthetix (SNX) has announced that the deployment of their Debt Pool Synthesis feature will occur on Thursday 9pm through 11pm UTC, expected to impact staking participants in two distinctive categories: SNX inflationary staking rewards and Debt Hedging. Currently, Synthetix operates debt pools across two chains, Ethereum mainnet and layer 2 …
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Crypto rallies to $2T market cap as institutions signal readiness to enter
Bitcoin (BTC) and the broader cryptocurrency market rallied on Thursday, as the total value of digital assets crossed $2 trillion for the first time in over three weeks amid signs of a clear shift in market sentiment — headlined by Goldman Sachs, no less. BTC printed an intraday high of $44,253, having gained more than …
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Terra’s Bitcoin purchase and BlackRock comments back ETH’s surge to $3.1K
Ether (ETH) bulls have a few good reasons to celebrate the 20% gain between March 14 and March 24. The price increase surprised many and led to the first daily close above $3,000 in 34 days. Even with this move, Marc’s $2.4 billion Ether options expiry is somewhat uncertain because bears can easily profit by …
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Bitcoin Price Prediction: BTC/USD Spikes Above $44,000
Bitcoin Price Prediction – March 24 The Bitcoin price retested the $42,627,000 support level as it is now rising, but it must be stable above $44,000 for a steady increase. BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $48,000, $50,000, $52,000 Support Levels: $38,000, $36,000, $34,000 BTCUSD – Daily Chart Buy Bitcoin Now …
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Social Media Giant Meta Files Multiple Trademark Requests for Crypto and Web 3.0 Technology
Social media giant Meta is registering eight new trademark applications related to crypto and decentralized finance (DeFi) technology. According to recent filings made to the United States Patent and Trademark Office (USPTO), the company formerly known as Facebook has requested to trademark several blockchain services and other related crypto technologies in a push toward launching …
Crypterium Token Officially Listed on Coinbase
March 24, 2022 – London, United Kingdom Transfers and wallet support for CRPT are now available on Coinbase. Crypterium, the fast-growing digital fintech solution helping customers manage their assets with ease, has announced its largest listing in the history of the company on the world’s biggest cryptocurrency exchange, Coinbase. Transfers and wallet support for CRPT …
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Coinbase Sparks Crypto Rallies After Listing New Altcoin Project, Adding Staking Support for Ethereum Challenger
A ‘lightweight’ blockchain focusing on privacy and connectivity is rallying after a surprise listing from Coinbase. In a new tweet, the US-based cryptocurrency exchange says that Mina Protocol (MINA) will start trading on Coinbase Pro paired with Tether (USDT) once appropriate liquidity conditions are met. New Asset: Coinbase will add support for Mina (MINA). Inbound …
Binance-Backed MMO Strategy Game Mavia Joins Hands With Machinations To Achieve a Sustainable Game Economy
March 24, 2022 – Hanoi, Vietnam Heroes of Mavia, a blockchain-based play-to-earn massively multiplayer online (MMO) strategy game developed by Skrice Studios, has officially joined Machinations’ Game Economy Health Monitoring Service as it aims to build a sustainable and healthy in-game economy. Mavia is undergoing a thorough process involving large-scale simulations for different scenarios and …
SEC could approve spot Bitcoin ETFs as early as 2023 — Bloomberg analysts
Eric Balchunas and James Seyffart, exchange-traded fund (EFT) analysts for Bloomberg, said that a proposed rule change with the United States Securities and Exchange Commission (SEC) could be the catalyst for the regulatory body approving a spot Bitcoin ETF in mid-2023. In a Thursday tweet, Balchunas said crypto platforms could fall under the SEC’s regulatory …
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Bitcoin hits $44K, but traders want to see a few daily closes here before a move higher
Morale across the cryptocurrency ecosystem is rising on March 24 as several days of positive moves have helped lift Bitcoin (BTC) back above $44,000 and Ether bulls took control at $3,100. The climbing price of BTC comes amid a backdrop of surging inflation and rising interest rates, which could see up to seven hikes over …
How crypto became a major source of relief for embattled Ukraine
“Crypto became the largest driver for humanitarian help as well as some of military help for Ukraine,” said Illia Polosukhin, the co-founder of Near Protocol. Polosukhin, who was born and raised in Kharkiv, Ukraine, has been at the forefront of the crypto fundraising efforts aimed at supporting Ukraine against Russia’s offensive. Right after Russia’s attack …
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