Bitcoin (BTC) is following a certain market structure from 2018 ‘move for move,’ according to crypto analyst Benjamin Cowen. In a new strategy session, Cowen tells his 744,000 YouTube followers that in January of 2018, Bitcoin managed to print higher lows between $9,000 to $11,000. Cowen notes Bitcoin eventually cratered and put in a new …
Monthly archives: May 2022
Law Decoded: The long waves in the aftermath of UST’s crash, May 16-23
It’s been two weeks since the shock of the TerraUSD (UST) depegging, but the long waves of this event are still coming in. The Congressional Research Service described the UST crash as a “run-like” scenario and claimed that the crypto industry has not reached the same level of “adequate regulating” as the traditional finance market. …
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Coinbase offers ‘thousands of tokens’ in expanded swap service
America’s largest crypto exchange Coinbase has added the BNB Chain, formerly Binance Smart Chain, and Avalanche to the Coinbase Wallet’s list of supported networks where users can swap and store cryptocurrencies. The Tuesday blog post from the exchange boasts that the added functionality will provide access to “thousands of tokens,” which constitute a “greater variety than …
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FTX reportedly shopping for brokerages in preparation for stock trading
Crypto derivatives exchange and nonfungible token (NFT) platform FTX is reportedly in the market for brokerage start-ups as part of its recently announced plans to expand support to stock trading. The firm announced last Thursday that its United States-based subsidiary FTX.US will be launching zero-commission stock trading via its application, allowing users to fund their …
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Stellar (XLM) Price Prediction: XLM Is Trading Under Depression
Stellar (XLM) Price Prediction – May 23Variant trading activities have been taking place between the XLM/USD buyers and sellers to showcase the base crypto’s valuation is trading under depression against its US coin’s purchasing strength. Less-active move in the trade has made its operations bargain around $0.13 at a 2.95 negative percentage rate. Stellar (XLM) …
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eBay drops first NFT collection to non-crypto mainstream buyers
E-commerce giant eBay has officially launched its first NFT drop, with a series of tokenized collectibles featuring National Hockey League (NHL) legend Wayne Gretsky going live on May 23. The NFT collection depicts animated versions of Gretsky that were inspired by Sports Illustrated magazine covers. They come in four different tiers of rarity including green …
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Balenciaga starts accepting Bitcoin and Ethereum
Cryptocurrencies have become increasingly popular over the past year. Because of this popularity, cryptocurrencies are now being endorsed by top brands globally as a means of payment. Balenciaga accepts crypto payments Balenciaga, a leading luxury brand company, has announced it will endorse payments in cryptocurrencies. The French luxury brand has said it will accept Bitcoin …
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Shiba Inu fails to rally despite 22 billion tokens being burned
The Shiba Inu memecoin has increased its burn rate over the past few weeks. A SHIB burn tracker recently showed that 22.2 billion SHIB tokens had been burned. The tokens were burned through 497 different transactions. Over 22 billion SHIB tokens burned Developers of the Shiba Inu memecoin teamed up with Ryoshi Vision to set …
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China’s Blockchain Services Network promises most of the thrills at a fraction of the cost
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! According to CNBC, China’s state-sponsored Blockchain Services Network (BSN) is set to launch its first international project this August. The Spartan Network will not operate using cryptocurrencies. Instead, users will pay for transactions and fees in US dollars. The payment method …
Report: African crypto startups venture funding grows by over 1000% in 2022
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The African Blockchain Report 2021 by Crypto Valley Venture Capital (CV VC) and Standard Bank has revealed that crypto startups in Africa saw more venture funding in the first quarter of 2022 than in 2021. Blockchain startups on the continent raised …
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New Zealand Police investigate allegedly fraudulent crypto platform Quwiex
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The Auckland City Financial Crime Unit is investigating Quwiex Limited, a self-proclaimed crypto platform, after multiple reports from victims that the platform is a scam, according to an RNZ report. Quwiex registered in New Zealand with false information Suspicions about the …
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India’s Central Bank Governor Warns About Crypto After Collapse of Terra LUNA, UST
India’s central bank, the Reserve Bank of India (RBI), has warned about investing in the crypto market following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). “We have been cautioning against crypto and look at what has happened to the crypto market now,” said Governor Shaktikanta Das. RBI’s Governor on Crypto Market and …
Veteran Investor Jim Rogers Optimistic About Future of Crypto Money
Renowned investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, says he has “optimism about the future of crypto money.” However, he is skeptical of central bank digital currencies and warned that the world is looking for something to replace or compete with the U.S. dollar. Jim Rogers on Bitcoin, Crypto, …
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Korean Police Ask Crypto Exchanges to Freeze Luna Foundation Guard’s Assets
The South Korean police have reportedly launched an investigation into possible embezzlement involving an employee of Terraform Labs. To prevent fund transfers, the police have requested crypto exchanges to freeze the Luna Foundation Guard’s accounts. Embezzlement Investigation and Asset Freeze The Seoul Metropolitan Police Agency’s Cybercrime Investigation Unit announced Monday that it has launched an …
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Registration For The Upcoming VERSE Token By Bitcoin․com Is Now Open
press release Registrations are now open for the VERSE token sale, which will begin in the later part of June 2022. Interested parties who register can participate in the token sale immediately upon launch. Miami, Florida – May 23rd, 2022 – VERSE is the rewards and utility token distributed to holders who participate in the …
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