New data from a crypto intelligence platform reveals that nearly 10,000 Bitcoin (BTC) left US-based crypto exchange Coinbase in the last seven days. Coinglass shows that Coinbase Pro users collectively withdrew 9,951 BTC worth $467.28 million in the last week alone as Bitcoin continues to struggle below the $50,000 level. The analytics firm also shows …
Yearly archives: 2022
Top 5 cryptocurrencies to watch this week: BTC, LUNA, FTM, ATOM, ONE
Bitcoin (BTC) continues to languish below the psychological level at $50,000 in the first few days of the New Year, indicating a lack of aggressive buying by traders. Former BTCC CEO Bobby Lee said the exodus of the Chinese traders who had until Dec. 31 to exit Chinese exchanges may have kept prices lower into …
Continue reading “Top 5 cryptocurrencies to watch this week: BTC, LUNA, FTM, ATOM, ONE”
Bitcoin Price Prediction: BTC/USD Fails to Push Above $48,000
Bitcoin Price Prediction – January 2 At the moment, the Bitcoin price prediction shows BTC dropping over 1.34% after opening today’s trade at $47,733. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $53,000, $55,000, $57,000 Support Levels: $42,500, $40,500, $38,500 BTCUSD – Daily Chart Buy Bitcoin Now The daily chart reveals that BTC/USD …
Continue reading “Bitcoin Price Prediction: BTC/USD Fails to Push Above $48,000”
Bitcoin (BTC) Price Prediction: BTC/USD Is In a Minor Retracement as Bitcoin Pauses above $47K
BTC/USD Fluctuates as Bitcoin Pauses Above $47k – December 31, 2021 Since December 4 price slump, Bitcoin’s bearish trend has subsided as Bitcoin pauses above $47K. For the past month, BTC/USD has been fluctuating between $46,000 and $52,000. Bitcoin is in a tight range for the past five days. It appears to be fluctuating in …
India’s Central Bank RBI Says Crypto Is Prone to Fraud and Poses Immediate Risks to Consumer Protection
India’s central bank, the Reserve Bank of India (RBI), has warned about multiple risks cryptocurrency poses to the country’s financial stability. “They are also prone to frauds and to extreme price volatility,” the apex bank claims, stressing that “cryptocurrencies pose immediate risks to customer protection and anti-money laundering (AML) / combating the financing of terrorism …
13 Crypto Exchanges Custody 7% of the Crypto Economy, Coinbase Dominates With $56.2B AUM
As 2022 begins, 13 different cryptocurrency exchange platforms have more than a billion dollars each in digital currencies held in reserves. Between all 13 trading platforms, the group of exchange platforms hold a whopping $165.25 billion worth of bitcoin, ethereum, and tether. 13 Crypto Exchanges Hold a Billion or More in Crypto Equalling Over $165 …
Eminem Purchases Bored Ape Yacht Club #9055 for $452K, Shady’s Portfolio Holds 166 NFTs
Marshall Mathers, known professionally as Eminem has joined the community of bored apes by purchasing a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collectible for 123.45 ethereum or $452K at the time of settlement. Slim Shady Purchases Bored Ape Yacht Club #9055 for $452K The Bored Ape Yacht Club (BAYC) NFTs have been very …
Shark Tank Star Kevin O’Leary Reveals Crypto Allocation in Ethereum, Solana and Two More Altcoins, Makes Prediction for 2022
Shark Tank star Kevin O’Leary is unveiling the content of his crypto portfolio, which he says includes Bitcoin (BTC) and four altcoins. In a new interview with TraderTV, the billionaire says that he is invested in leading smart contract platforms Ethereum (ETH) and Solana (SOL), as well as blockchain scaling solution Polygon (MATIC) and peer-to-peer …
What’s ahead for crypto and blockchain in 2022? Experts Answer, Part 2
Alan is the chief legal officer at PrimeBlock, a sustainable Bitcoin mining operation, infrastructure solutions provider and member of the Bitcoin Mining Council, with locations spread across North America. “We’re going to see more countries adopting crypto as a legal currency. We’re also going to see central governments coming out and taking their own currencies …
Continue reading “What’s ahead for crypto and blockchain in 2022? Experts Answer, Part 2”
Biggest Ethereum Whales Loading Up on Three Decentralized Finance Altcoins As Top Wallet Buys $17,000,000 Worth of Sushi
A whale-monitoring site reveals that the wealthiest Ethereum (ETH) whales are accumulating three decentralized finance (DeFi) assets as we enter a new year. Data from WhaleStats shows that the 1,000 non-exchange Ethereum whales are gobbling up SUSHI, the governance token of the decentralized exchange (DEX) SushiSwap. The whale-tracking platform shows that over the past week, …
Three reasons why PlanB’s stock-to-flow model is not reliable
In the last couple of years, the stock-to-flow model proposed by PlanB has become very famous. A quantitative study published on the site planbtc.com shows the model and the prediction that Bitcoin (BTC) could reach the capitalization of $100 trillion. Obviously, the crypto industry, including myself, was fascinated by the logic of the model and …
Continue reading “Three reasons why PlanB’s stock-to-flow model is not reliable”
President Bukele predicts Bitcoin $100k rally, further legal adoption and more
On Jan 2, El Salvador President Nayib Bukele shared five bullish predictions on Bitcoin’s (BTC) performance for the year 2022. Last year, El Salvador became the first country to adopt Bitcoin as legal tender under Bukele’s presidency as a countermeasure to the growing inflation in the country. Since legalization, the president acquired 1,370 BTC for …
Continue reading “President Bukele predicts Bitcoin $100k rally, further legal adoption and more”
Turkey Reveals Scheme That Encourages the Conversion of Gold Deposits Into Lira Time Deposits
The Central Bank of the Republic of Turkey recently revealed it made the decision to provide incentives to gold deposit and participation fund holders that request to convert these into lira time deposits, a statement from the central bank has said. Incentives Intended to Boost Financial Stability The Central Bank of the Republic of Turkey …
A Jacobin Podcast Review: Critiques on Crypto and Sterlin’s Response
The following opinion editorial is a Jacobin Podcast review written by the author Sterlin Lujan, the chief risk officer with Cryptospace. The Jacobin Podcast episode called: “Dig: Cryptocurrency w/ Edward Ongweso Jr & Jacob Silverman,” touches upon “cryptocurrency, NFTs, Elon Musk, the metaverse, meme stocks, and techno-utopianism amid the crushing reality of our neoliberal hellscape.” …
Continue reading “A Jacobin Podcast Review: Critiques on Crypto and Sterlin’s Response”
Four Low-Cap Altcoins Skyrocket 182% or More in Seven Days As Broader Crypto Markets Trade Sideways
Four altcoins with market caps under $1 billion managed to surge exponentially in price within seven days while larger crypto assets finished off 2021 with modest price action. Recording massive gains over the past week is Railgun (RAIL), an Ethereum-based project that aims to provide privacy for trading and lending on decentralized exchanges (DEXes). RAIL …