Every Bitcoin investor is searching for signals that the market is approaching a bottom, but the price action of this week suggests that we’re just not there yet. Evidence of this can be found by looking at the monthly return for Bitcoin (BTC), which was hit with a rapid decline that “translated to one of …
Continue reading “On-chain data flashes Bitcoin buy signals, but the bottom could be under $20K”
The United States Securities and Exchange Commission (SEC) maintained its perfect record for rejecting Bitcoin (BTC) spot exchange-traded fund (ETF) applications Friday when it disapproved a rule change to allow cryptocurrency-focused hedge fund One River Digital to offer the One River Carbon Neutral Bitcoin Trust on the New York Stock Exchange Arca. The decision comes …
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Dania Gonzalez, Deputy of the Republic of El Salvador, was recently in Brazil to reveal her country’s experiences with the decision to adopt Bitcoin (BTC) as legal tender. Gonzalez’s invitation to Brazil came from digital influencer Rodrix Digital, who was recently in El Salvador to produce a documentary about cryptocurrencies. Among the lawmaker’s activities in …
Blockchain-based gaming, also known as GameFi, is an up-and-coming sector that could potentially be one of the primary catalysts for kickstarting the mass adoption of blockchain technology. WEMIX, a gaming protocol that operates on the Klaytn network, aims to get in on the GameFi revolution and this week, the project’s native token (WEMIX) rallied even …
Continue reading “WEMIX gains 200%+ after stablecoin and boosted staking rewards announcement”
Summary: Su Zhu has admitted via Twitter that his Bitcoin supercycle thesis ‘was regrettably wrong.’ Mr. Zhu’s Bitcoin supercycle thesis had forecasted that BTC could reach $2.5 million if it took a large portion of Gold’s market share. The co-founder of Three Arrows Capital, Su Zhu, has admitted via Twitter that his Bitcoin supercycle price …
Cathie Wood’s ARK Invest is once again seeking to provide the first spot-based Bitcoin (BTC) exchange-traded fund (ETF) in the US after its previous bid was denied. In a new filing with the U.S. Securities and Exchange Commission (SEC), ARK seeks a rule change that would allow the ARK 21Shares Bitcoin ETF to trade on …
May 27, 2022 – Monaco, Monte Carlo Oracle Red Bull Racing is set to take its fans even closer to the action with the launch of its second series of digital collectibles with a one-of-a-kind auction at the Monaco Grand Prix. This next generation of Oracle Red Bull Racing NFTs will be minted on the …
The global economy is becoming increasingly digital, and it’s no surprise that cryptocurrencies and blockchain technology are starting to have an impact on the travel industry. Many travel agencies now accept Bitcoin (BTC) and other digital currencies as payment, with some even providing discounts to customers who pay in cryptocurrency. Here is a list of …
Continue reading “Hodler’s guide to travel: Which platforms accept cryptocurrency?”
Equities markets in the United States rallied sharply on May 25 and 26 but Bitcoin (BTC) and altcoins have not followed a similar trajectory. This suggests that traders are not confident that the crypto markets have bottomed out yet. On-chain analytics firm Glassnode said that the number of Bitcoin whales has been reducing and on …
Continue reading “Price analysis 5/27: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB”
The Russian Federation is reportedly considering accepting cryptocurrencies for international payments in response to Western sanctions against the country that were prompted by its full-scale invasion of Ukraine earlier this year. The Moscow-based Interfax news agency and Reuters reported Friday that Ivan Chebeskov, who heads the Financial Policy Division within Russia’s Finance Ministry, is actively …
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The collapse of the Terra ecosystem, which subsequently depegged its algorithmic stablecoin TerraUSD (UST) value and crashed it to an all-time low of $0.30, has cast doubt over the future of not just algorithmic stablecoins but all stablecoins in general. UST’s success and stability were intertwined with its sibling, LUNA, which creates arbitrage opportunities that, …
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Summary: Four top Coinbase officials have sold $1 billion worth of COIN shares since the company went public. The Coinbase executives include Co-founders Brian Armstrong and Fred Ehrsam, its President and Chief Operating Officer Emilie Choi, and Chief Product Officer Surojit Chatterjee. They sold their shares at prices ranging from $189 to $422. Such sales …
Continue reading “4 Coinbase Execs. Have Dumped $1.2B Worth of COIN Since its Public Listing”
Quick take: Tether (USDT) has launched on the Polygon (MATIC) network. Polygon’s DeFi ecosystem is set to benefit from Tether’s availability on the network. USDT issued on Tron continues to be higher than that issued on Ethereum. A total of $72.537 billion Tether is in circulation with the stablecoin remaining at the number three spot …
Continue reading “Tether (USDT) Expands to the Polygon Network, Aiming to Boost its DeFi Ecosystem”
Quick take: The world’s largest exchange moves to set up shop in Italy. Binance is regulated to operate in France and a crypto license in Germany is in the works. CZ’s company also has a foothold in the Middle East Binance is a regulated entity in Italy according to a tweet from company chief Changpeng …
Continue reading “Binance Is Now A Registered Entity In Italy – CZ”
Quick take: Over 34 million addresses that hold ETH are in loss positions. The second-largest crypto is down over 10% in the last week. Other altcoins across the market are also down as the markets hit a lull. Ethereum’s transition to PoS could still happen in August despite the reorg attack on the Beacon chain. …
Continue reading “Ethereum Addresses In Loss Hits 2 Year High Amid Crypto Market Downtrend”
