Bitcoin price action on monthly timeframes has made a historic move to the touch the lower Bollinger Band – a popular technical indicator and volatility measuring tool. Although he warns there isn’t yet a sign that a bottom is in, the tool’s creator says where price action tapped is a “logical” level for such a …
Continue reading “Bitcoin Monthly Tags Lower Bollinger Band, Tool’s Creator Hints At Bottom”
The Bitcoin Mayer Multiple has recently sunk to a lower value than the bottom of the previous cycle. This is the first time in the history of the metric that such a trend has formed. Current Bitcoin Cycle’s Mayer Multiple Low Is Deeper Than Last Cycle’s As per data released from the analytics firm Glassnode, …
The funds from Harmony’s Horizon Bridge have begun to move into the Tornado Cash Ethererum mixer, signaling that the attacker has no intention of accepting the $1 million bounty offered. The decision to obfuscate the ill-gotten gains answers questions about whether the Harmony team’s offer of just 1% of the $100 million in crypto funds …
Continue reading “Harmony hacker sends stolen funds to Tornado Cash mixer”
Digital asset investment products saw record outflows totaling $423 million last week, with institutional investors from Canada representing nearly all of the carnage. According to the latest edition of CoinShares’ weekly “Digital Asset Fund Flows” report, Canadian investors offloaded a whopping $487.5 worth of digital asset products between June 20 and June 24. The total …
Continue reading “Institutional crypto asset products saw record weekly outflows of $423M”
Popular crypto strategist Michaël van de Poppe is outlining what he thinks is in store for four altcoins including XRP, Binance Coin (BNB) and Cosmos (ATOM) after a weekend that witnessed a bounce across the crypto markets. Van de Poppe tells his 613,700 Twitter followers that he believes XRP appears poised for a brief pullback …
A leading digital assets manager says large institutional investors are exiting crypto markets at a historic rate. In the latest Digital Asset Fund Flows Weekly report, CoinShares finds that digital asset investment products suffered over $420 million in outflows last week, with Bitcoin taking the brunt of the blow. “Digital asset investment products saw outflows totaling $423 million …
Faustin-Archange Touadéra, president of the Central African Republic, has announced the government will be backing an initiative centered around developing the country’s blockchain infrastructure. In a Monday announcement on Twitter, Touadéra said the CAR government would be launching Sango, a crypto initiative proposed following the country’s adoption of Bitcoin (BTC) as legal tender in April. …
For Maurice Mureau, CEO of crypto investment fund operator Hodl, there’s “not a lot left” to invest in anymore. With soaring inflation, bonds are no go, real estate is getting more difficult but there is one asset class that’s (unsurprisingly) catching the fund manager’s attention — cryptocurrencies. During the European Blockchain Convention in Barcelona this …
Bear markets have historically been challenging to navigate for traders and the conventional set of “reliable” indicators that determine good entry points are unable to predict how long a crypto winter might last. Bitcoin’s (BTC) recent recovery back above the psychologically important price level of $20,000 was a sign to many traders that the bottom was …
Continue reading “Final Capitulation — 5 reasons why Bitcoin could bottom at $10,000”
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Compass Mining is a Bitcoin (BTC) hosting company offering managed mining services to Bitcoin miners. Customers can purchase ASIC miners from the Compass website and have them installed at one of several locations. One such facility is owned by Dynamics Mining …
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Leading investment bank Goldman Sachs has downgraded Coinbase’s stock rating to sell from neutral and reduced its price target from $70 to $45 in its latest note, CNBC reported June 27. The downgrade was caused by the bear market, leading to …
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Tether CTO Paolo Ardoino has responded to a June 27 report by The Wall Street Journal that hedge funds have short bets on Tether’s stablecoin USDT via crypto brokerage Genesis Global Trading. The article cites Genesis Global’s head of institutional sales, …
Continue reading “Tether responds to the increase in hedge funds shorting USDT”
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Crypto investment products witnessed the largest outflows in its history as $423 million was withdrawn from the space in the week of June 20, according to CoinShares’ weekly report. Most outflows happened on June 17 and are likely responsible for the …
Continue reading “Bitcoin sees record outflows as Ethereum bucks trend”
The Moroccan central bank is presently working on a cryptocurrency regulation framework bill and according to the bank’s governor, Abdellatif Jouahri, this is set to be introduced soon. The regulatory framework being worked on will result in Morocco’s money laundering and anti-terrorism financing regulations being upgraded. Crypto Regulation Best Practices A Moroccan central bank committee …
Continue reading “Report: Morocco’s Central Bank to Unveil Crypto Regulation Bill Soon”
The prominent rap stars Eminem and Snoop Dogg released a new music video that showcases the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection. The duo’s latest single called “From the D 2 The LBC” debuted at this year’s Apefest, an annual gathering for BAYC and Mutant Ape Yacht Club (MAYC) owners. From the …
Continue reading “The New Eminem and Snoop Dogg Music Video Showcases Bored Ape Avatars”
