After bitcoin neared $25K roughly 44 days ago, the crypto asset’s price has lost more than 17.88% in value against the U.S. dollar. Onchain analysis from researchers at Glassnode details that the price drop has placed short-term holders into “severe unrealized loss.” Long-term holders, on the other hand, are holding strong and Glassnode researchers say …
Monthly archives: September 2022
Bitcoin, Ethereum Technical Analysis: BTC Back Above $20,000 as Bulls Return to Crypto Markets
Following a turbulent start to the week, bitcoin was back in the green on Tuesday, as the token climbed back above $20,000. The move saw prices race to their highest point in nearly two weeks, moving past a key resistance level in the process. Ethereum was also trading higher, as it neared the $1,400 level. …
Digital Neobank Nubank Reaches 70 Million Customers in Latam; Almost 2 Million Have Purchased Crypto
Nubank, a Brazil-based digital bank, has announced a new milestone in its operations. The company announced that it has reached 70 million customers in Latam, making it one of the biggest financial institutions of its kind in Brazil. The company also announced that almost 2 million of its customers are cryptocurrency investors. Nubank Reaches 70 …
Rebus Announces Public Coin Distribution via Osmosis
press release PRESS RELEASE. RebusChain, a platform set to take DeFi mainstream, is going public by announcing its public coin distribution (PCD) late this Summer. The PCD means those supporting its mission can now acquire coins via liquidity bootstrap pool (LBP) on the Osmosis network, and this marks a significant milestone in the Rebus project, …
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CEO of $4,500,000,000 Crypto Hedge Fund Says Bitcoin Will Go up a Ton, but Other Projects Will Outperform
Pantera Capital CEO Dan Morehead says that although he sees Bitcoin’s (BTC) value increasing, its share of the cryptocurrency market will decline over time as he expects other digital assets to outperform it. During this month’s SALT New York conference, Morehead says he’s long-term bullish on Bitcoin but notes that other crypto assets have better …
Here’s What’s Next for Cardano, Avalanche, Cosmos and Litecoin, According to Analyst Michaël van de Poppe
A widely followed crypto strategist is plotting what’s in store for a handful of digital assets amid uncertain market conditions. Analyst Michaël van de Poppe tells his 628,100 Twitter followers that he believes smart contract platform Cardano (ADA) is in an accumulation phase as it continues to trade above his key support level. “The ultimate …
Nexo acquires stake in US chartered bank
Digital asset lending platform Nexo has purchased a stake in a holding company that owns a federally chartered bank in the United States — a move Nexo said will enhance its ability to serve retail and institutional clients. Nexo disclosed Tuesday that it had acquired a stake in Hulett Bancorp, a holding company that owns …
Report: Korean authorities orders freeze of $67M of Bitcoin tied to Do Kwon
South Korean authorities have requested crypto exchange OKX and Kucoin to freeze 3,313 Bitcoin (BTC) reportedly tied to Do Kwon, the co-founder of Terra blockchain developer Terraform Labs. Kwon, who is currently on the run from the Korean authorities in the securities violation case, reportedly created a new wallet on Sept. 15, just a day …
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Vietnam’s crypto adoption: Factors driving growth in Southeast Asia
The Southeast Asian nation of Vietnam now ranks among the top nations adopting cryptocurrencies. Indeed, the country has ranked first on Chainalysis’ Global Crypto Adoption Index for two years in a row. Chainalysis’ research methodology took into account population-adjusted adoption in crypto platforms ranging from centralized exchanges to peer-to-peer (P2P) payment networks. Web traffic to …
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Ethereum fork token ETHPoW climbs 150% after smart contract hack — A fakeout rally?
ETHW has logged a significant price rebound despite its blockchain network, ETHPoW, suffering a smart contract hack in the first week after its launch. The short analysis of the attackhttps://t.co/87OVRqaYb2 https://t.co/vhRJyZVc72 — BlockSec (@BlockSecTeam) September 18, 2022 Bull trap risks surround ETHW market ETHW rebounded more than 150% eight days after the attack and traded …
Uniswap Price Analysis for 27th of September: UNI/USD Smashes Through $6.500 Resistance Level
UNI/USD has been in an uptrend after the market finds its support at $5.282 on the 21st of September. The market for that particular day was a very rough fight between bears and bulls, but eventually, the bulls won. Since then bulls have been in control of the market as they drive the price to …
Cronos Price May Continue Bullish Movement, Tamadoge Scheduled to Be Listed on OKX
The price action formed Double bottom in CRO market; Bullish Movement CRO/USD Price Analysis September 27 The breaking up of the $0.130 resistance level may push up CRO to penetrate $0.141 and the price will target the resistance levels at $0.157, as a result of the current bullish movement. Inability to break up the resistance …
NEO Price Analysis for 27th of September: NEO/USD Breaks $9.0000 Resistance Level
In today’s market, NEO/USD breaks away from the price consolidation trend that locked the market to a price level of $8.50000. The buying pressure in today’s market was so strong that the price reached above the height of $9.50000. Although at that point some traders began to sell, we can be sure that the market …
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Revolut Awarded The U.K’s 38th Crypto License By FCA
Summary: European digital bank Revolut joined 37 other firms on the Financial Conduct Authority’s crypto asset firm register. The fintech unicorn previously offered digital asset services in the U.K. under the FCA’s Temporary Registration Regime. Revolut also has approval to operate across the European Economic Area thanks to registration with the Cyprus Securities and Exchange …
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LFG Moved 3313 Bitcoin (BTC) After Authorities Issued Do Kwon’s Arrest Warrant: CoinDesk Korea
Summary: Last week, the Luna Foundation Guard reportedly transferred around $69 million worth of Bitcoin. CryptoQuant spotted the transactions shortly after South Korean prosecutors issued an arrest warrant for Terra CEO Do Kwon, CoinDesk Korea reported on Tuesday. CryptoQuant analysis showed that the LFG created a wallet on Binance and then transferred the BTC to …