Another promising price prediction has appeared for Bitcoin bulls in 2022. Antoni Trenchev, co-founder and managing partner of Nexo, said that Bitcoin (BTC) could hit the $100,000 milestone as soon as the summer in an interview with CNBC. Despite BTC opening the year with bearish price action, while the Fear & Greed Index shows “extreme fear,” the Bulgarian …
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As China’s central bank steps up its effort to create a digital currency, the country has released a pilot edition of its digital yuan wallet application on mobile phone app stores. The People’s Bank of China (PBoC) digital currency research institute developed the “e-CNY (Pilot Version)” app, which was available for download on Chinese Android …
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It’s now been 13 years since the genesis block of the Bitcoin blockchain was created. To commemorate the occasion, the third-largest Bitcoin (BTC) whale appears to be back after the new year holidays, and they have just completed the first sizable purchase of 2022. On Tuesday, the third-largest Bitcoin address added 456 BTC at an average price of …
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The world’s largest digital asset management firm, Grayscale, has announced it is rebalancing its DeFi fund and the adjusted weightings of the Digital Large Cap Fund. An announcement issued by the platform on January 3 noted the changes that Grayscale would be making to the two funds. Grayscale rebalances two funds The announcement noted that …
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The trading volumes on OpenSea have increased significantly since the beginning of the year. The surge in trading volumes comes amidst renewed trading frenzy on Yuga Labs’ Bored Ape yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC). OpenSea is enjoying an influx in trading volumes Data published by “rchen8” on Dune Analytics noted that …
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Lee Jae-myung, a presidential candidate for the Democratic Party of Korea (DPK), is issuing non-fungible tokens (NFTs) to fundraise for the presidential election. The NFTs will feature Jae-myung’s image, and they will be transferrable. NFTs to fund a presidential campaign A publication on January 3 by the Korea Times noted that the fundraiser would commence …
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For a very long time, Bitcoin’s energy consumption has been used as a whip by many critics of the asset who believe that the amount of energy used in mining new units of the coin could impact the environment negatively. This has played a major role in the decision-making processes of businesses or governments that …
Continue reading “Report: Bitcoin consumes less energy compared to banking and gold industry”
In most climes, the arrival of a new year is an opportunity to make projections for what the future holds. Already, some crypto enthusiasts and analysts have already begun making different predictions for what they believe the future holds for the digital asset industry. However, rather than making new predictions, Ethereum’s co-founder Vitalik Buterin is …
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One of the most pernicious myths about crypto is that they are widely adopted for criminal use. This idea has been perpetuated by policymakers and businesspersons alike, from JPMorgan CEO Jamie Dimon, who claimed Bitcoin was only for use by “criminals and North Koreans”, to European Central Bank President Christine Lagarde who said Bitcoin facilitates …
Defi Kingdoms, a metaverse-based blockchain game, is experiencing a rise in activity due to the push that metaverse projects are now having in the market. According to Dappradar, the activity on the game has risen considerably. This is also accompanied by the rise in the price of its native token, JEWEL, issued on top of …
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The Jamaican central bank successfully completed the pilot testing of its central bank digital currency, a statement from the bank has said. The statement however reveals that only one payment service provider participated in the pilot. Only One Payment Provider Participated in the Pilot The Bank of Jamaica (BOJ) recently revealed that it had successfully …
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Popular crypto analyst and trader Benjamin Cowen is looking at the prospects of Bitcoin (BTC) as the leading cryptocurrency continues to trade below $50,000. Cowen notes to his 679,000 YouTube subscribers that BTC is currently well below its bull market support band, a technical indicator that’s a combination of the 20-week simple moving average (SMA) …
Shortly after launching her own nonfungible token (NFT) project last month, former First Lady of the United States Melania Trump gave a shout out to Bitcoin (BTC) on Twitter. On Monday, Mrs. Trump wished Bitcoin a happy birthday. The world’s largest cryptocurrency marked its 13th anniversary on Jan. 3. It is widely reported that Bitcoin’s market cap …
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Bitcoin (BTC) exchange reserves are back near record lows as 2022 sparks renewed appetite among buyers. Data from on-chain analytics firm CryptoQuant shows reserves across 21 exchanges at 2.308 million BTC as of Jan. 4. Exchanges return to overall BTC balance downtrend Late December saw a macro low of 2.303 million BTC left on exchanges’ …
NFT trading volumes on OpenSea are surging in January amid a renewed speculative frenzy on Yuga Labs’ Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC). According to data posted by “rchen8” on Dune Analytics, OpenSea has generated more than $700 million worth of trading volume since the start of 2022, with Jan. …
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