SAND was up by over 15% on Friday, as crypto prices rebounded following sell-offs during Thursday’s trading session. SAND fell to a one-week low yesterday, with MATIC, another notable gainer, dropping to nearly a ten-day low on Thursday. Overall, crypto markets are up 1.30% as of writing. The Sandbox (SAND) SAND was one of the …
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El Salvador has doubled down on its bitcoin commitment despite a heavy sell-off in the crypto market. The country has bought 80 more bitcoins, according to Salvadoran President Nayib Bukele. El Salvador Bought the Bitcoin Dip The president of El Salvador, Nayib Bukele, announced Thursday that his country has bought 80 more bitcoins. At the …
Following a move below $19,000 on Thursday, BTC was able to rise above $20,000 during today’s trading session. ETH also was able to remain above $1,000, following an attempt by bears to push price under this level during yesterday’s session. Bitcoin Bitcoin was trading marginally higher on Friday, as markets rebounded following a bearish session …
A new report issued by Mastercard, the payment processing giant, has found that most consumers in Latam have knowledge of what cryptocurrency is. The report states that more than half of the consumers in Latam have at least made a transaction involving cryptocurrency. Also, a third of the surveyed declared having used a stablecoin to …
Cardano (ADA) creator Charles Hoskinson says the next year will be crucial for crypto as the government makes groundbreaking decisions for the industry. During the Cardano Community event, Hoskinson told attendees how the crypto space has significantly evolved since the inception of Bitcoin (BTC). “In 2009, Bitcoin had no value. No one cared about it. …
On-chain insights platform CryptoQuant CEO Ki Young Ju says crypto investors did not leave the market despite this year’s downturn. According to Ju, the current dip that sent Bitcoin (BTC) plunging below $20,000 from an all-time high of nearly $70,000 can be considered the crypto market’s first recession. “The first recession for crypto markets. The …
The Open Network (TON) Foundation is the latest cryptocurrency company to upgrade its ecosystem with Ethereum Name Service (ENS)-like domain names. The TON Foundation on Thursday announced the launch of TON DNS, a new service that allows users to assign human-readable names to crypto wallets, smart contracts and websites. Similar to other popular crypto-related domain …
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Unus Sed Leo (LEO) has not only survived the crypto market bloodbath in the first half of 2022 but has actually posted major gains, bucking the big crypto crash. LEO beats crypto kingpin Bitcoin LEO, a utility token used across the iFinex ecosystem, finished the first half of 2022 against Bitcoin at 32,793 satoshis, up …
Given Ethereum’s dominance coupled with the current crypto bear market, it remains questionable if L1s will flourish. This was recently highlighted in a Chainalsys blog post entitled “New layer 1 blockchains are expanding the DeFi ecosystem, but no ETH killers yet.” Ethan McMahon, an economist at Chainalysis, told Cointelegraph that Chainalysis published this report to …
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The ongoing crisis of cryptocurrency lending and the associated crypto market decline once again confirms the importance of self-custody or the “true ownership” of crypto by its holder, according to several industry experts. In June, the cryptocurrency market capitalization plummeted below the $1 trillion mark, with Bitcoin (BTC) nearing its worst monthly losses since 2011. …
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Crypto companies have responded to harsh market conditions by reducing their services. Can they make a comeback? Over the course of May and June, Bitcoin prices plummeted from above $39,000 to below $18,000. As result, many crypto companies have begun to face a liquidity crisis as their crypto holdings have potentially lost roughly half of …
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The Bitcoin price prediction shows that BTC is falling below the moving averages as it trades at the $19,287level. Bitcoin Prediction Statistics Data: Bitcoin price now – $19,287 Bitcoin market cap – $638.0 billion Bitcoin circulating supply – 19.0 million Bitcoin total supply – 19.0 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Bearish …
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Blockchain.com and Deribit confirm that they are creditors of Three Arrows Capital. Blockchain.com said it was cooperating with an investigation into the fallen hedge fund. Deribit said that it would remain financially healthy even if the debts weren’t repaid. Blockchain.com and Deribit are among the creditors that sought the liquidation of beleaguered crypto hedge fund …
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Meta, an American multi-national social media platform, has successfully launched its new non-fungible token (NFT) display option on its dashboard. Meta, formerly known as Facebook, will now allow its users to roll out NFTs on its primary social network. In a July 1 blog post, Navdeep Singh, the product manager of Meta, confirmed the successful …
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Crypto trader Justin Bennett warns two digital assets face further downward pressure as markets take a beating. Starting with Bitcoin (BTC), the analyst predicts the flagship crypto asset hasn’t bottomed out yet. According to Bennett, the S&P 500 stock index has not yet entered bear territory but will fall further if an economic recession materializes, potentially …
