Former BitMEX CEO Arthur Hayes is predicting a massive rally for Ethereum (ETH) if two possibilities align. In a new blog post, Hayes says that one catalyst that could ignite a strong rally for Ethereum is the success of its upcoming switch to a proof-of-stake (PoS) consensus mechanism, which is scheduled to launch in September. …
Monthly archives: August 2022
Central Bank of Brazil Director Praises Bitcoin as a Financial Innovation, Talks Programmable Digital Real
Fabio Araujo, Director of the Central Bank of Brazil, has praised the properties of Bitcoin, saying it is a financial innovation using new technologies. To Araujo, Bitcoin was the catalyst for what is today known as Web3. At an event, Araujo also commented about the status of the development of the digital real, stating that …
Latest Turkey Inflation Rate of 79.6% the Highest in 24 Years — Weakening Lira and Russia-Ukraine War Blamed
According to the latest data from the Turkish Statistical Institute, the country’s annual inflation rate for the month of July was 79.6%, the highest in 24 years. Rising transportation costs, food and non-alcoholic beverages were some of the product categories that contributed to the overall rate increase. Transportation Costs Rose the Most Turkey’s consumer inflation …
Crypto Trader Says Bitcoin Flashing Bullish Signal, Updates Ethereum, Solana and Optimism Forecasts
A popular analyst is providing price target updates for four crypto assets as the markets try to end the week in positive territory. The pseudonymous trader known as Altcoin Sherpa tells his 180,800 Twitter followers that while he does expect Bitcoin (BTC) to revisit $28,000 in the not-too-distant future, the brief surge above $24,500 on …
What will cryptocurrency market look like in 2027? Here are 5 predictions
The year is 2027. It’s a time of great innovation and technological advancement, but also a time of chaos. What will the crypto market look like in 2027? (For those unfamiliar, that’s a line from the 2011 video game, Deus Ex.) Long-term predictions are notoriously difficult to make, but they are good thought experiments. One year is too …
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FLOW Rockets 42% as Flow Partnership with Instagram Begins Rolling Out
FLOW rockets 42% extending its previous session gains and drew some additional bids around the $2.82 level. FLOW, the Flow network’s native token, was regarded as the best-performing cryptocurrency among the top 30 cryptocurrencies by market cap. The coin has increased in value by 51.68% during the day compared to other significant cryptocurrencies. However, the reason …
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How Blockchain and Smart Contract Development Help Your Business
HodlX Guest Post Submit Your Post Blockchain and smart contract development are changing the world as they are revolutionizing business practices. It is economically efficient and can easily streamline transactions, remove intermediaries and better aligns business interests. There is no denying that the disruptive potential of blockchain and self-executing smart contracts is bringing a potential …
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Blackrock and Coinbase Come Together to Offer Crypto to Institutional Investors
Even as the cryptocurrency market shows a bearish sentiment and stagnant price movement, the interest in these digital assets has been increasing steadily in recent months. Once considered to be an unregulated asset class with no future is now being invested in by some of the biggest financial institutions in the world. The price of …
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Cardano Coin Value Prediction for August 6: ADA Maintains Bullishness
This forecast reveals that Cardano is moderately bullish, and in pursuit of higher price levels. All indicator used in the analysis of this market is positive about further upside gain in this market. Also, we can observe that ADA is preserving its bullish character both against the USD and BTC counterparts. Cardano Coin Forecast Statistics …
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Vitalik Buterin calls out ETHW hard fork proponents as “trying to make a quick buck”
Speaking in a closed press conference during South Korea Blockchain Week, Ethereum founder, Vitalik Buterin, called people pushing for a hard fork of Ethereum to retain proof-of-stake “simply trying to make a quick buck.” Justin Sun recently announced support for a hard fork of Ethereum post-merge by listing two new tokens on his Poloniex exchange. …
UK Parliamentary Group Seeks Views of Crypto Industry Players
A parliamentary group in the United Kingdom, the Crypto and Digital Assets All Party Parliamentary Group (APPG), recently said it had launched an inquiry that will examine the country’s present approach to crypto and digital asset regulation. In addition to gathering information via evidence sessions, the APPG said it is also open to views from …
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India Freezes Crypto Exchange Wazirx’s Bank Assets — Binance Claims Acquisition of Wazirx Was ‘Never Completed’
A major Indian cryptocurrency exchange, Wazirx, has had its bank assets of more than $8 million frozen by the Directorate of Enforcement (ED). The exchange was supposedly acquired by Binance in 2019. However, Binance CEO Changpeng Zhao (CZ) now claims that the acquisition was “never completed.” Wazirx, however, maintains that it was acquired by Binance. …
Nigerian Currency Recovers Versus US Dollar — Central Bank Says Importers Must Repatriate Forex Earnings
After touching a new all-time low of N710 per dollar in late July, a new report says the Nigerian currency has rebounded by as much as 10%. After initially blaming speculators, the Central Bank of Nigeria has said importers who fail to remit forex earnings may be contributing to the naira’s depreciation. Naira Depreciation Less …
Here’s Why You Need To Buy Tamadoge After Its Crossed $250,000
The utility-packed Metaverse meme coin Tamadoge is now pumping; the TAMA token beta sale has raised $257,000 in ten days, with little to no promotion being done. If early investors are correct, the meme coin mania was one of the defining tales of the last Bull Run. Now that the cryptocurrency market has stabilized, a …
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Bitcoin Price Prediction for Today August 5: BTC Price Regains Bullish Momentum as It Revisits $24K
Bitcoin Holds above $22.5K as It Revisits $24K – August 5, 2022 BTC/USD is trading marginally above the moving average lines since July 19 as it revisits $24K. The largest cryptocurrency retraced above the 21-day line SMA and resumed upward. The price action is characterized by small body indecisive candlesticks called Doji. Bitcoin is trading …