Mark Twain said that history doesn’t repeat, but it often rhymes. Such a scenario could be about to play out in Bitcoin, according to a potential fractal that mimics the setup before a previous record-breaking rally. While the conditions aren’t quite the same for an exact repeat, there could be enough for the price action …
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Bitcoin on-chain data shows current trend with the short-term holder SOPR looks similar to that in June. This may mean that a bear period similar to then has started. Bitcoin Short-Term Holders Continue To Realize Losses As pointed out by an analyst in a CryptoQuant post, Bitcoin short-term holders have continued to realize profits recently, …
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Bitcoin is close of ending its first week of the year in the red, as the crypto market took another blow and sits at critical support. The benchmark crypto records a 7.3% loss in 24 hours, trading at $43,000 after coming back from the lows near $42,000. Related Reading | U.S. Mining Company Marathon Now …
Continue reading “Go With The FED, Why Bitcoin Could Benefit From Interest Rate Hikes In 2022”
Ertha, one of the most highly-anticipated metaverse projects, recently launched it’s native ERTHA token to much success on Huobi Primelist. The play-to-earn game made huge progress in 2021 and is now poised to deliver a one-of-a-kind experience to fans of NFT gaming later this year. Thanks to the project’s meteoric rise, Ertha has attracted the …
The share price of Reddit’s cult-favorite stock GameStop Corporation (GME) jumped by one quarter (in after-hours trading following a Wall Street Journal report on its upcoming NFT division. The U.S. retail game store giant has been quietly working on an NFT marketplace since May, and ramped things up in October by listing several job openings …
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Decentralized stablecoin issuer Terra issued an ambitious proposal to expand the interchain deployment of its UST stablecoin across five projects on Ethereum, Polygon, and Solana. Terra’s Jan. 6 Research post UST Goes Interchain: Degen Strats Part Three provides details about how $139 million of UST and its native stablecoin LUNA would be utilized and on …
Continue reading “$139M Terra proposal to ‘bring awesome UST use-cases’ to DeFi projects”
Chainlink (LINK) is starting to regain important levels it needs to recover after a rough 2021, according to crypto analyst Benjamin Cowen. Cowen tells his 680,000 YouTube subscribers that traders should pay attention to whether LINK is above or below its “bull market support band,” a technical indicator that’s a combination of the 20-week simple …
Billionaire and Shark Tank star Kevin O’Leary says an emerging region of the crypto industry has the potential to surpass Bitcoin (BTC). In a new interview with CNBC, the business magnate says that he believes non-fungible tokens (NFTs) could eventually outshine BTC due to their real-world use cases. “You’re going to see a lot of …
Galaxy Digital CEO Mike Novogratz says that Bitcoin (BTC) isn’t done tumbling yet. As reported by Bloomberg, Novogratz tells NBC in a new interview that he foresees Bitcoin bottoming out at around the $38,000 to $40,000 price level. The Galaxy Digital CEO is walking back his comments from last week when he said the top …
The leadership at video game firm Sega Corporation’s holding company has suggested that they may avoid nonfungible tokens in play-to-earn model games based on the response from users. In a Dec. 14 meeting of Sega Sammy Holdings’ CEO Haruki Satomi, senior executive vice president Koichi Fukazawa, and Sega Corporation president Yukio Sugino, the trio said …
Daniele Sestagalli of Wonderland fame tweeted on January 5th the incoming launch of a new coin as part of a collaboration with veteran DeFi software developer Andre Cronje. If you’re asking, me and Andre are launching a new coin on #fantom and it will start Fantom Season! We started here, is natural we now come …
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Following the news about nationwide protests in Kazakhstan causing an internet blackout in the Bitcoin mining country that resulted in a significant hash rate drop, CryptoSlate talked to Alan Konevsky, Chief Legal Officer at PrimeBlock. PrimeBlock is a digital asset mining and infrastructure provider, currently operating roughly 1,000 PH/s in hashing capacity, equivalent to around …
The CEO of the world’s largest movie exhibition company, AMC Entertainment, says his company is on track to accept meme cryptocurrencies dogecoin (DOGE) and shiba inu (SHIB) in the first quarter of this year. Dogecoin and Shiba Inu Coming to AMC Theatres Soon The CEO of AMC Theatres, Adam Aaron, has provided an update on …
press release PRESS RELEASE. Pocket Network exceeded $56,000,000 in monthly revenues in December placing it in the Top Five revenue producer for blockchains globally surpassing many well known chains. Tampa Bay, Florida, U.S.A – 6th January 2022 – Pocket Network – an infrastructure middleware protocol that provides decentralized cloud computing and abundant bandwidth on full …
According to a document produced by a Pakistani policy advisory board, the country is likely to earn billions of dollars from crypto-asset holders. Yet for this to happen, the country first needs to create the appropriate regulatory framework for crypto assets. Cryptocurrencies Could Boost Reserves Pakistan may potentially raise billions of dollars from crypto assets …
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