Bitcoin Price Prediction – April 8 The Bitcoin price is back under $43,000 after losing an important trend line that has supported the cryptocurrency’s uptrend. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $47,000, $49,000, $51,000 Support Levels: $38,000, $36,000, $34,000 BTCUSD – Daily Chart Buy Bitcoin Now After losing momentum above the …
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The market price of bitcoin stayed pretty much flat for most of the first week in April. But as the U.S. Federal Reserve signaled higher and faster interest rate hikes, and quantitative tightening of its $9 trillion balance sheet, the general market took a turn downwards, and bitcoin (BTC) went down with it as the …
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Certik, a Web3 and blockchain auditing and security firm, has raised $88 million in its recent B3 funding round. The round, which was led by Tiger Global and included Goldman Sachs as an investor in the firm, gives the company a valuation of $2 billion. This doubles the valuation that Certik reached via its last …
On Friday, Bank of America’s (BOFA) chief investment strategist Michael Hartnett explained in a weekly financial note to clients that the U.S. economy could head into a recession. The BOFA strategist’s note further detailed that cryptocurrencies could outperform bonds and stocks. BOFA Strategist Notes inflation Shock Is Worsening, Cryptocurrencies Could Outperform Bonds and Stocks Bank …
The bitcoin mining operation Compute North has announced it is in the midst of constructing a 300-megawatt (MW) data center in Granbury, Texas. According to the mining firm, the data center located near Wolf Hollow Power Plant will be scalable up to 600 MW going forward. 300 MW of Capacity to Start, 600 MW in …
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Marcelo Claure, the former chief executive of SoftBank, says he now devotes 10% of his entire holdings to Bitcoin (BTC). During a panel discussion at the Bitcoin 2022 Conference, Claure argues that governmental monetary policies have led to inflation across the globe. He says fears over the potential for an upcoming recession drove him to …
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The CEO of Lightning Network wallet Strike says the payments platform is teaming up with point of sale giants Shopify, NCR and Blackhawk Network to revolutionize the payments industry. In a speech at the Bitcoin 2022 Conference in Miami, Jack Mallers announced that any Shopify-supporting website can now process Bitcoin (BTC) payments on the Lightning Network. “This …
U.S. Treasury Secretary Janet Yellen has reservations about the rise of stablecoins and their implications on the financial landscape. In prepared remarks, Yellen says that stabelcoins raise policy concerns in relation to “illicit finance, user protection and systemic risk.” The former Chair of the Federal Reserve also says that stablecoins lack the sound and consistent …
The Federal Deposit Insurance Corporation (FDIC) is issuing a warning to US banks over the safety of crypto assets. In a new statement, the regulatory agency says that crypto-related activities may pose significant financial risks to both institutions and consumers. “The FDIC is issuing this letter to address the engagement by FDIC-supervised institutions in crypto-related …
After a 42% rally over a three-week period, Ether (ETH) peaked at $3,580 on April 3 and since then, a 12% correction to $3,140 has taken place. Tech giants launching their own smart contract platforms and regulatory uncertainty might have impacted investors’ sentiment and derivatives metrics also show worsening conditions that confirm professional traders’ shift …
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The number of firms permitted to offer crypto services to U.K. residents under temporary registration status from the Financial Conduct Authority has dropped from 12 to five. According to a Thursday update to its list of “Cryptoasset firms with Temporary Registration,” the United Kingdom’s financial regulator named CEX.IO, Revolut, Copper, Globalblock and Moneybrain as companies …
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Bitcoin (BTC) and most major altcoins are attempting to defend the immediate support levels, indicating that bears sense an opportunity and are looking to take control of the price action. The short-term price action does not seem to worry the long-term Bitcoin bulls who expect a massive return in the next few years. While speaking …
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Summary: Binance will launch a Charity Crypto Card for Ukrainians who have been forced to leave the country and need help The Charity Crypto Card will be funded by the Binance Charity Foundation The card is part of plans discussed via phone by CZ and Ukraine’s Vice Prime Minister and Minister of Digital Transformation (MODT), …
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Leading digital payment solution Strike recently announced the integration of Shopify to its Bitcoin’s Lightning Network. As a result of the integration, eligible U.S. Shopify merchants can now receive payments from customers in U.S. dollars. The integration also allows Shopify merchants to accept payments globally while saving costs on processing fees using cash-final settlements. Reactions …
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IoTeX has announced the launch of the IoPay 2.0 multichain wallet that supports BNB Chain, Polygon, and Ethereum. IoPay V2 offers support for transfers and swapping of all types of crypto assets listed on Coingecko. It provides quick and easy access to different apps from major blockchain networks. Users Can Purchase Crypto Assets Using Credit …
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