As a market crash takes place, assets become oversold and typically there’s an “oversold bounce,” “return to mean,” “mean reversion,” or some price snapback to the bottom of the pre-crash range. Afterward, the asset under study either consolidates, continues the downtrend, or returns to the bullish uptrend if the downside catalyst was not significant enough …
Continue reading “ATOM price is reaching for the Cosmos, but why?”
Sam Bankman-Fried’s cryptocurrency exchange FTX’s investment arm has reportedly absorbed the venture capital operations of Alameda Research in response to the ongoing crypto bear market. According to a Thursday Bloomberg report, Alameda’s Caroline Ellison said in an interview that the merger had happened prior to former co-CEO Sam Trabucco announcing his resignation on Wednesday, leaving …
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As we approach the date of Ethereum’s Merge, users have speculated about what it will mean for projects and the wider ecosystem. Some argue the Merge will have little impact on gas fees and believe transaction speeds might improve. However, in general, most ordinary users will not notice much change. The real changes for average …
Continue reading “Lower costs, higher speeds after Ethereum’s Merge? Don’t count on it”
Speaking to Cointelegraph over sandcastles at the Surfin’ Bitcoin 2022 event at Casino de Biarritz in France on Thursday, Prince Philip said he was “bullish on Bitcoin” in part because of the impact it could have on children’s education around the world. The prince, a self-described Bitcoin (BTC) maximalist, hinted that part of his keynote …
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After a successful break above $21,500, the Bitcoin price prediction extended its recovery to touch the daily high at $21,818. Bitcoin Prediction Statistics Data: Bitcoin price now – $21,564 Bitcoin market cap – $414.1 billion Bitcoin circulating supply – 19.1 billion Bitcoin total supply – 19.1 billion Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: …
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The Japanese Government indicated a possibility of reducing the tax burdens on crypto startups with the 2023 tax reform to prevent startups from leaving the county to set up their businesses, Yomiuri Shimbun Online reported. Rakuten Group President Hiroshi Mikitani spoke at the Government’s Digital Society Initiative Conference in April and brutally self-criticized by saying: …
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As interest in crypto-native private messaging platforms increases, an encrypted Web3 chat app, Comm, raised $5 million in a seed funding round led by CoinFund on Aug.25.,2022. Describing itself as the “Web3 Discord”, the Comm app claims it can offer the same features as Discord, Slack, and more by utilizing its technology solution “keyservers” while …
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Self-described “on-chain sleuth” @ZachXBT tweeted that a wallet linked to a Dogechain developer had started dumping DC tokens. Nice a wallet that received 20,000,000,000 DC for free ties directly back to the deployer and has already started dumping tokens on people. 0x7249a89195A7A532af12345E2dE0C20c8A06A0d9https://t.co/rsnYUsVzrD https://t.co/66Ulblwfcl pic.twitter.com/lsSqa4Mj9w — ZachXBT (@zachxbt) August 25, 2022 Dogechain launched their DC token …
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With the Ethereum merge expected to take place between Sept. 10 and Sept. 20, Binance said it will refund users affected by a potential fork of the Ethereum chain an equal amount of their ETH holdings. Binance announced on Aug. 25, its plan to support and protect users’ funds regardless of the outcome of the …
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On Thursday, the popular cable channel MTV revealed that the legendary rappers Eminem and Snoop Dogg plan to perform the duo’s hit single “From the D 2 The LBC” this Sunday. The music video features the non-fungible tokens (NFTs) stemming from the Bored Ape Yacht Club (BAYC) collection, and the upcoming show is considered the …
The largest cryptocurrency automated teller machine (ATM) operator, Bitcoin Depot, has revealed it has plans to go public via a special purpose acquisition company (SPAC) deal. The $885 million acquisition deal with GSR II Meteora (GSRM) will make Bitcoin Depot a publicly-traded company listed on Nasdaq. Bitcoin Depot Reveals SPAC Deal With GSRM, Post-Transaction BTM …
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On Thursday, following the official proof-of-stake (PoS) transition announcement from the Ethereum Foundation, Ethereum Classic’s hashrate tapped another all-time high at block height 15,806,925. The latest jump to 38.64 terahash marks the network’s second record high in five days, as Ethereum Classic captured 38.37 terahash per second (TH/s) on August 20, 2022. Ethereum Classic Hashrate …
Popular provider technology platform for building NFT and Web3 apps, thirdweb has completed a $24 million funding in its Series A round. The firm confirmed the development in a press release on its official handle on Thursday. The funding round was led by Coinbase Ventures, Shopify, Polygon, and Haun Ventures. According to thirdweb, it intends …
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A Dutch court has extended the incarceration of Alexey Pertsev, developer of the Ethereum-based crypto mixer Tornado Cash, by ninety days. This development manifested after Pertsev’s lawyers filed a bail application on Wednesday. The presiding judge dismissed the application and directed that the developer must remain in prison for another three months. Dutch authorities arrested …
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The Abu Dhabi Blockchain and Virtual Assets Committee (ADBVAC) has held its inaugural meeting to regulate blockchain innovations and virtual assets. Mohammed Ali Al Shorafa, the Chairman of the Abu Dhabi Department of Economic Development (ADDED) and Chairman of the Securities and Commodities Authority (SCA), chaired the meeting. During the meeting, emphasis was laid on …
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