A new study from a digital asset payments firm reveals that hundreds of millions of people around the globe are using cryptocurrency. Singapore-based TripleA says the firm gathered data from more than a dozen reports and surveys to “obtain the most encompassing and accurate set of statistics” for their study. According to the firm’s research, …
Monthly archives: August 2022
Cardano Creator Charles Hoskinson Gives Update on Big Vasil Hardfork, Reveals New Timeline
Cardano (ADA) creator Charles Hoskinson is giving an update on the highly anticipated Vasil hard fork for the Ethereum (ETH) rival’s blockchain. In a new video update, Hoskinson says that major crypto exchanges are currently working on the new Cardano hard fork, and he expects more to follow. “So the next major lift is to …
Crypto Strategist Issues Alerts for Bitcoin and Chainlink, Says BTC Looking Heavy
A crypto strategist known for making timely altcoin calls is warning that corrections are imminent for Bitcoin (BTC) and Chainlink (LINK). Pseudonymous analyst Altcoin Sherpa tells his 181,900 Twitter followers that Bitcoin is looking heavy after BTC retraced from about $21,800 to below $20,000 on Friday. “BTC: I think we’re probably going to go to …
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Rocky road lies ahead, but here’s 5 altcoins that still look bullish
The United States equities markets plunged on Aug. 26 following Federal Reserve Chair Jerome Powell’s speech where he reiterated the central bank’s hawkish stance. Continuing its correlation with the equities market, Bitcoin (BTC) and the cryptocurrency markets also witnessed a sharp selloff on Aug. 26. Bitcoin has declined about 14% this month, making it the …
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Mt.Gox’s 137,000 Bitcoin Repayment Plan Delayed, Analyst Says Fear Was Unwarranted
Summary: Michaël van de Poppe opined that Mt.Gox’s Bitcoin repayment process wouldn’t tank the market. The defunct exchange was scheduled to reimburse creditors over 100,000 BTC tokens starting this August but further delays emerged North of 750,000 Bitcoin tokens was stolen from the Tokyo-based platform in a massive hack in February 2014. News of the …
Here’s the Worst Case Scenario for Bitcoin and Crypto Markets, According to Analyst Benjamin Cowen
Analyst Benjamin Cowen is detailing a potential worst case scenario for Bitcoin and the crypto markets at large. In a new video to his 765,000 YouTube subscribers, Cowen looks at the dot-com bubble’s infamous burst for clues on where digital asset markets may end up. Looking at the total market cap of all crypto assets, …
Research: Bitcoin exchange outflows top $1B daily, while Ethereum sees net inflows
Analysis of Bitcoin and Ethereum exchange flows revealed opposing activity for the top two tokens, with the market leader establishing clear dominance in terms of holding long-term. Exchange flows are the number of tokens deposited or withdrawn into or out of an exchange wallet. A popular on-chain metric to assess this is Exchange Net Position …
ECB President Christine Lagarde Blames Climate Change for Europe’s Torrid Inflation
According to the French politician currently serving as the president of the European Central Bank (ECB), Christine Lagarde, Europe’s scorching hot inflation can be blamed on climate change. During her interview with Madame Figaro, Lagarde stressed that people need to take into account that “climate disasters” affect price stability a great deal. ECB Board Member …
Market Strategist Expects Stock Market to Drop 50% From Here, Says There’s ‘Going to Be No Middle Class Left’
Following Jerome Powell’s hawkish commentary at the annual Jackson Hole Economic Symposium, major stock indexes, cryptocurrencies, and precious metals slid significantly in value. Over $240 billion was erased from the crypto market and the Crypto Fear and Greed Index continues to slide lower, edging toward “extreme fear.” Furthermore, the chief strategist at bubbatrading.com, Todd ‘Bubba’ …
Silver Supply Crunch Predictions, FDIC Issues Cease and Desist Order to FTX US, and More — Bitcoin.com News Week in Review
Morgan Report founder David Morgan foresees a supply crunch for silver, and says that in ten years’ time, it will be one of the best investments of the decade. One analyst, however, says if the precious metal falls below $18, it’s “very possible that we could see silver get absolutely smoked.” In other news this …
Dogechain developers dump tokens in huge quantities; likely a scam
The current market situation has put a strain on the entire investing citizenry. With a volatile yet bearish sentiment showing strength in the cryptocurrency industry there has been an increase in investors who have pulled out their funds from the market. There has been a decrease in engagement or the traded volume across almost every …
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Jerome Powell’s speech affects cryptocurrency, although not as much
The global markets have suffered a huge blow in 2022 due to a variety of reasons. Fear of war, inflation, global warming and several other unrelated topics, have led to a steep decline in several national economies. As the situation gets grave countries have been looking actively for measures to counter any future crisis. Among …
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ALGO May Be Retracing Higher Level, TAMA to Pump Furiously
ALGO Started trending towards lower levels around the 14th of this month. And since then, all the price action of this crypto has retraced below the long-term support level of $0.3000. Nevertheless, there are interesting signs in the ALGO/USD market, and we must examine them. Algorand Forecast Statistics Data: Algorand Current Price: $0.3080 Algorand Market …
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Ankr Price Prediction for 28th of August: ANKR/USD May Settle for a Ranging Market
Demand and Supply in ANKR/USD market are proportionately responsive to each other. Looking at the chart, the buying pressure increases on the 11th of August. In the following days, sellers began to regain strength to drive down the market. This bearish momentum took 15 days to bring the price near the support level of 0.03543240USD. …
BNB Coin Retracing Lower Support; The Basis for TAMA Is Bullish
BNB coin has experienced decent gain over some significant length of time. However, at this point, we may be at the beginning of this crypto’s price action retracing lower price levels. Will this trend continue to sink the BNB Coin price and how far can the price fall? In this analysis, we’ll try to answer …
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