Meta has disclosed plans to discontinue its Novi pilot crypto program by September 1, according to Bloomberg. Per the project’s website, Novi services will no longer be available on its application and WhatsApp. The firm revealed that users will not be able to make deposits into their accounts from July 21 while advising those with …
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While bitcoin’s fiat value has dropped more than 70% below the all-time high recorded in November 2021, the price reduction has made it so miners are making fewer profits depending on the devices they operate. Despite miner profits sliding, Bitcoin’s hashrate has remained high coasting along at 180 exahash per second (EH/s) to 261 EH/s. …
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Cosmos rose for a fourth consecutive session to start the weekend, as prices edged closer to a resistance point. While cosmos (ATOM) extended gains, tezos (XTZ) rebounded following a streak of recent losing sessions, with bulls seemingly buying this weeks’ dip. Cosmos (ATOM) Cosmos (ATOM) extended its recent bullish run on Saturday, as prices have …
Bitcoin moved closer to its long-term support level of $18,800 to start the weekend, as prices of cryptocurrencies were once again lower. While bitcoin has now fallen for seven straight sessions, ethereum also saw similar declines, and as of writing is down 2.40% from yesterday’s high. Bitcoin The world’s largest cryptocurrency by market capitalization bitcoin …
Synthetix (SNX) Price Prediction – July 2The SNX/USD trade outlook is yet to surge northward in continuation of a bullish-trending attempt, as the crypto economy currently features lows along a bullish path yet to plummet. The market’s high valuation is $15.83, and the low point is $1.45 in the last fifty-two weeks. Price is trading …
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According to a report by Bloomberg, three Arrows Capital has filed for Chapter 15 Bankruptcy. 3AC used to be one of the largest crypto investment firms, but the recent market conditions have proven challenging for many firms in the sector. 3AC files for bankruptcy This bankruptcy filing is not unexpected because the investment firm has …
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The cryptocurrency market has been in a bearish state, but some giant firms are still making strategic moves to expand their operations and presence worldwide. Coinbase, the largest cryptocurrency exchange in the United States, is looking to expand its operations in European countries. After a severe drop in crypto prices last month, Coinbase announced that …
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FTX has secured a deal with troubled crypto lending firm BlockFi. The deal will give this exchange the ability to acquire BlockFi. BlockFi has faced financial troubles recently following the ongoing market conditions in the crypto space. FTX set to acquire FTX The CEO of BlockFi, Zac Prince, released a Twitter thread saying that BlockFi …
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Various factors impacting Bitcoin’s price include the supply and demand of BTC, competition from other cryptocurrencies and news, cost of production and regulation. Supply and demand Those with a background in economics are aware of the law of supply and demand. However, if you are unfamiliar with this concept, let’s help you to understand. As …
When cryptocurrencies like Bitcoin (BTC) go through bear phases like the one we currently find ourselves in, the idea of earning passive income from one’s holdings becomes all the more attractive for long-term investors. Related: Decentralized finance: A beginner’s guide to earning passive income with DeFi Different methods such as staking, lending, cloud mining, and …
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Summary: Three Arrows Capital has filed for Chapter 15 bankruptcy in New York 3AC filing for bankruptcy comes less than a week after a British Virgin Islands court ordered the hedge fund into liquidation. The financially embattled crypto hedge fund of Three Arrows Capital has filed for Chapter 15 bankruptcy in New York. According to …
A leading blockchain analytics firm is revealing Ethereum (ETH) whales are snapping up the leading smart contract platform amid ETH’s sustained decline in value. According to Santiment, addresses with a balance of between 100 and 100,000 ETH have been accumulating since June 7th despite the significant devaluation of Ethereum over the past month. “Ethereum shark …
CNBC analyst Brian Kelly believes Bitcoin (BTC) still possesses more downside potential even as it trades at over 70% off its all-time high. On CNBC’s Fast Money, Kelly says the flagship crypto could still fall nearly 50% from current levels as the macro environment worsens. “The good news is that I do think we are …
Crypto exchange KuCoin found itself at the center of discussion when a sub-community of Crypto Twitter started warning investors about an incoming ban on funds withdrawal. KuCoin CEO, Johnny Lyu, was however quick to dismiss the unvetted rumors before they picked up steam. Prominent crypto figures on Twitter, including trader @KongBTC and blockchain investigator @otteroooo, …
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Have you ever played the game series Civilization, created by designer Sid Meier? Through the years, much has changed, but one of the unchanging hallmarks of the series has been the technology tree. Why has it been such a stable component of this game? Because it allows you, on one look, to get a bird’s-eye …
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