Seasoned trader Tone Vays says he’s expecting Bitcoin (BTC) traders and investors alike to succumb to panic and sell their BTC stacks in the coming days. In a new strategy session, Vays tells his 121,000 YouTube subscribers that both the monthly and weekly charts look nasty as Bitcoin struggles to stay above the key psychological …
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Security breaches and hacks often highlight the risks of storing Bitcoin (BTC) on centralized exchanges. One analyst even claims that keeping your BTC on exchanges is also a factor for price dips. Rufas Kamau, research and markets analyst at Scope Markets Kenya, explained his thoughts on how keeping BTC on an exchange lowers coin price. …
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As the crypto community still tries to decipher Terra’s ongoing pegging-de-pegging fiasco in relation to its stablecoin offering TerraUSD (UST), major crypto exchange Binance temporarily suspended the withdrawals for Terra (LUNA) and UST on Tuesday. The market value of UST, Terra’s stablecoin offering, recently fell below the expected $1.00 price point as LUNA’s price witnessed …
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The Luna Foundation Guard used $1.5 billion from its treasury to help project the $1 peg of UST. $750 million worth of bitcoin has been budgeted for OTC trading firms. Binance has suspended withdrawals of LUNA and UST until trading volume reduces. The Luna Foundation Guard, which acts as the treasury for the Terra project, …
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The Bitcoin Rainbow Chart dips into the ‘Accumulate’ zone following a miserable run of six consecutive weekly red candles. As of press time, Bitcoin (BTC) was trading at $31,368.20. Since May 5, BTC has lost 21% in value, dropping from $39,600. Monday saw further sell pressure as bears pushed Bitcoin to $30,000 for the first …
Continue reading “Bitcoin sinks below $32K – time to accumulate or jump ship?”
Polygon has partnered with Meta to create an NFT platform for Instagram and Facebook, Polygon CEO Ryan Wyatt announced via Twitter. The partnership will expose Polygon’s blockchain ecosystem to Meta’s combined 2.9 billion users. Wyatt said Meta chose Polygon due to its carbon-neutral footprint and high scalability. 🚨 We’re excited to share that @Meta is …
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A new report has concluded that restrictions on cryptocurrency trading, as well as the banning of Twitter by Nigerian authorities, may have “crippled foreign direct investment in the fintech industry.” Foreign Direct Investment ‘Crippled’ A new report has found that restrictions imposed by Nigerian authorities on crypto trading may have contributed to the reduced foreign …
Qualcomm, one of the largest fabless mobile chip makers, is very optimistic about the future of the metaverse and what it might bring for companies and consumers in the area. Qualcomm CEO Cristiano Amon believes that, while there is much to do in the development space, this development is real and will bring a very …
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The Indian government is reportedly considering imposing a 28% goods and services tax (GST) on all crypto transactions. “Currently tax is levied only on the part of the services provided by crypto exchanges. Subjecting the whole transaction to tax at a higher slab of 28% could give the markets a free fall,” one tax expert …
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press release PRESS RELEASE. Aloha Browser is paving the way towards a decentralized web with the recent Handshake (HNS) integration. Now websites with HNS names automatically resolve within the Aloha Browser without additional configuration. Aloha has always focused on privacy and security for its users and is now at the forefront by having a revolutionary …
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Lucky Block is setting the pace as far as cryptocurrency rewards are concerned. The platform is unveiling new rewards for users this month through daily prize pools. The upcoming May giveaway will be the first-ever free-to-enter jackpot prize that offers rewards to token holders and charity organizations. A $2.37M main prize pool Lucky Block’s LBLOCK …
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Hundreds of thousands of crypto traders are getting their positions liquidated as Bitcoin (BTC) and the rest of the digital asset market witness a massive sell-off event. Data from cryptocurrency futures trading and information site Coinglass reveals that $1.01 billion worth of trader positions in crypto assets were wiped out in the last 24 hours. …
Bitcoin (BTC) fell below $30,000 for the first time in ten months on May 10 as turmoil at Blockchain protocol Terra continued. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin price bounces at $29,700 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD plumbing lows of $29,731 on Bitstamp. The first trip under the $30,000 mark …
Economist and cryptocurrency critic Nouriel Roubini is heading up the development of a tokenized asset to combat fears of rampant economic stagnation and inflation. Roubini has long been a skeptic of the cryptocurrency space, which makes his own foray into the world of digitized financial instruments intriguing. In his role as co-founder and chief economist …
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The contentious Otherdeed for Otherside nonfungible token (NFT) floor price has dropped below its mint price to 2.45 ETH worth about $5,713 as other major collections are also getting hit. The Otherdeed for Otherside collection from Yuga Labs, makers of the Bored Ape Yacht Club (BAYC) collection, was a highly anticipated NFT mint for land …
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