It is a stretch to say Bitcoin is bullish, but what if bulls were simply resting after a tough “evening” and are just about ready for a new “morning?” A potential, high timeframe bullish Japanese candlestick reversal pattern called a morning star could be predicting just that. Here is a closer look at the potential …
Continue reading “How A Morning Star Reversal Could Awaken The Bitcoin Bull Run”
Software firm MicroStrategy has cemented its position as a major Bitcoin player with its numerous large purchases. The company which is valued at $1 billion had put a significant portion of its own funds into buying BTC but the majority of the money used to purchase all of the bitcoin had been from loans. These …
Continue reading “A Look Inside MicroStrategy’s $2.4 Billion Loan Used To Buy Bitcoin”
As the effects of the recent bloodbath in the crypto market started vanishing, the fledgling Bitcoin, after a long time, reached near the $32,000 level yesterday. But again, it failed to hold above $30,000. Following nine red weekly candles, BTC retested $31,700 in the first green week on June 06 and then plummeted sharply in …
Continue reading “Bitcoin Recent Drop Below $30K Decreased $80 Billion From Crypto Market”
Bitcoin dominance is soaring as the overall crypto market bleeds. The current macro conditions have forced investors to take refuge in BTC and stablecoins. Related Reading | Glassnode: Bitcoin Long-Term Holders Own 90% Of Supply In Profit Bitcoin dominance has been on the rise since May this year after moving sideways in previous months. The metric, …
Continue reading “Crypto Investors Find Safety In Stablecoins, Bitcoin, Ditch Altcoins En Masse”
Wyoming based digital asset bank Custodia is suing the Federal Reserve Board of Governors and the Federal Reserve Bank of Kansas City, claiming an “unlawful delay” in processing an application for its master account. Custodia, formerly known as Avanti was one of the first Special Purpose Depository Institutions (SPDIs) also known as “blockchain banks” made …
Continue reading “Crypto bank Custodia sues the Fed over 19 month delay on account approval”
New York overnor Kathy Hochul is yet to publicly commit to signing the controversial Proof-of-Work (PoW) crypto mining ban bill, instead noting that her team will be looking “very closely” at the proposal over the next few months. If she signs the bill into law, PoW crypto mining operations backed by fossil fuels would no …
Continue reading “New York Governor yet to commit to signing Bitcoin mining ban into law”
Grayscale Investments has hired a former U.S. Solicitor General in preparation for a potential legal spat with the U.S. Securities and Exchange Commission (SEC), should the regulator reject its application for a spot Bitcoin (BTC) exchange-traded fund (ETF) on July 6. The company has been waiting on a decision from the SEC to convert its …
Continue reading “Grayscale hires former Solicitor General to help force Bitcoin ETF approval”
Open-world blockchain game Illuvium managed to keep the average transaction fee for its nonfungible token (NFT) Land at about $20 by holding the Dutch auction on the Illuvium X Layer-2 scaling solution. The price to mint the NFTs was a fraction of the cost users paid to mint in Yuga Labs’ Otherside sale. Illuvium reports …
Continue reading “$72M Illuvium NFT Land Dutch auction saves buyers thousands on gas fees”
The English Premier League (EPL) has registered two cryptocurrencies and NFT penchant in the United States, indicating that the world’s most popular sports league is preparing to augment its brand into the digital realm. The hallmarks were registered with the United States Patent and Trademark Office (USPTO) last week, and licensed trademark attorney Michael Kondoudis …
Continue reading “English Premier League registers for NFT and Crypto Penchants”
A popular crypto analyst says he does not see Bitcoin (BTC) triggering another meltdown amid fears that stocks, as well as the cryptocurrency markets, could continue to drop. In a new strategy session, the anonymous host of InvestAnswers tells his 440,000 YouTube subscribers that there is a limit to how far Bitcoin could fall because …
A new bipartisan bill is proposing crypto regulations fall under the purview of the Commodity Futures Trading Commission (CFTC) instead of the U.S. Securities and Exchange Commission (SEC). The Lummis Bill, sponsored by US Senators Cynthia M. Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), aims to be the first serious attempt at bringing regulatory clarity to the …
Passive income opportunities are one of the biggest draws in the cryptocurrency ecosystem because it gives investors an easy opportunity to grow their portfolio size regardless of the day-to-day price action. The latest token to get a bump in its price after announcing the upcoming implementation of staking is Chainlink (LINK), the decentralized oracle network …
Continue reading “LINK marines rejoice after Chainlink 2.0 brings a new roadmap and staking”
The collection and processing of information was a major theme at the United States Senate Committee on Homeland Security and Governmental Affairs (HSGAC) hearing titled, “Rising Threats: Ransomware Attacks and Ransom Payments Enabled by Cryptocurrency” on Tuesday. The committee hosted a panel of private-sector experts who discussed the problem of ransomware attacks and the challenges …
Continue reading “Chainalysis exec touts blockchain analysis to Senate homeland security committee”
Bitcoin’s (BTC) short-term price action has been dominated by whipsaws that trigger around the $31,000 to $32,000 level and the June 6 reversal at this point triggered a quick sell-off that pushed the price down to $29,200. Surprisingly, on June 7, the price rapidly reversed course as Bitcoin rallied back to $31,500, but given the …
Unsecured lending protocol TrueFi has become the latest project to launch on Optimism, Ethereum’s popular layer-2 scaling solution, in a move that’s expected to boost demand from non-institutional lenders. By launching on Optimism, TrueFi’s lender community will have access to a faster and cheaper user experience, as well as gain exposure to a wider pool …
Continue reading “TrueFi launches on Optimism, expanding access to on-chain credit”
