A popular crypto analyst is laying out his predictions for Solana (SOL) and a handful of other altcoins after this month’s digital asset market fallout. The pseudonymous trader Altcoin Psycho tells his 10,700 YouTube subscribers that if Bitcoin’s (BTC) price stays stable, SOL could jump up to $17 before breaking back down again. Overall, he …
Yearly archives: 2022
Ethereum Whales Accumulate $1,000,000,000 Worth of ETH in Just One Day: Analytics Firm Santiment
The largest Ethereum (ETH) whale addresses are scooping up ETH at a rapid rate, according to the crypto analytics firm Santiment. The firm notes that whale addresses holding between $10.9 million to $1.09 billion worth of Ethereum gobbled up $1.03 billion worth of ETH in just one day. The activity represents the fifth-largest single-day add by …
Crypto awakening: Researcher explains ETH exodus from exchanges
Blockchain analytics carried out by a Nansen researcher has highlighted outflows of Ether (ETH) and stablecoins from centralized exchanges in the wake of FTX’s collapse. Nansen research analyst Sandra Leow posted a thread on Twitter unpacking the current state of Decentralized Finance (DeFi), with a specific focus on the movement of ETH and stablecoins from …
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Bukele’s government introduced a bill to launch the ‘Bitcoin bonds’
Amid the crypto market downturn, El Salvador finally makes a decisive step to the realization of its ambitious “Bitcoin bonds” project. The Minister of the Economy Maria Luisa Hayem Brevé introduced a bill confirming the government’s plan to raise $1 billion and invest them into the construction of a “Bitcoin city.” A 33-page digital securities …
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Bitcoin may need $1B more on-chain losses before new BTC price bottom
Bitcoin (BTC) hodlers may need to triple their on-chain losses for BTC price to put in a macro low. According to market research firm Baro Virtual, the 2022 bear market is not yet harsh enough to match historical downtrends. Bitcoin losses “only” total $671 million With analysts predicting a return to $14,000 or lower for …
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US Sen. Elizabeth Warren says crypto will ruin economy — Community responds
The downfall of former crypto exchange FTX has had the entire industry in disarray since the situation began to unravel days before it declared bankruptcy on Nov. 11. A new op-ed from United States Senator Elizabeth Warren revealed a negative stance toward the industry with regard to the fallout. Warren wrote that the crypto industry …
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Dogecoin Price Prediction: DOGE Looks Shaky Above $0.08
Dogecoin (DOGE) price trades above $0.08 with a bullish bias, as mild recovery is witnessed in the wider crypto market. The meme coin is up […] Go to Source
US Congressman defends decentralization, blames SBF, Gensler, CeFi for FTX collapse
U.S. Congressman Tom Emmer said FTX’s collapse was not a crypto failure; instead, it was a failure of centralized finance (CeFi), Sam Bankman-Fried, and SEC’s Chairman Gary Gensler in a Nov. 22 Fox Business interview. FTX’s collapse is not a crypto failure. It’s a failure with CeFi, @GaryGensler, and Sam Bankman-Fried. Decentralization is the point. …
Roughly 48% of Ethereum NFT trades in October were fake
Global NFT sales in October clocked in at more than $850 million over roughly 3 million total transactions. I looked into NFT wash trades last month and that research got me to look at the numbers more closely. Footprint Analytics – NFT Monthly Sales The trigger points for me to say that transactions are becoming …
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Blockdaemon on institutionalizing the blockchain space towards mass adoption – SlateCast #34
Blockdaemon is a blockchain infrastructure company established to empower crypto businesses to help them quickly deploy and iterate innovative solutions on blockchain. Glenn Woo, Head of Sales for the Asia Pacific region, joined CryptoSlate to talk about how the blockchain structure is evolving toward mass adoption. Blockdaemon is currently supporting over 60 blockchain protocols. In …
Report: Kenyan Lawmaker Proposes Introducing Crypto Income and Capital Gains Tax
According to a capital markets amendment bill reportedly sponsored by Kenyan lawmaker Abraham Kirwa, cryptocurrency holders in the country will be obliged to pay taxes on gains. In addition, the bill (if passed into law) would require crypto holders to furnish Kenya’s Capital Markets Authority with details such as “the amount of proceeds from the …
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Austrian Crypto Exchange Bitpanda Secures Trading License From Germany’s BaFin
Crypto exchange and custody platform Bitpanda announced on Nov. 22 that it had received a crypto trading license from Germany’s Federal Financial Supervisory Authority. According to Bitpanda, securing a license means it has become the “first European retail investment platform to meet BAFIN’s strict regulatory requirements.” New License Strengthens Bitpanda’s Position Austrian crypto exchange platform …
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DCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North
Digital asset mining and staking firm Foundry has agreed to purchase two “turnkey” bitcoin mining facilities from Compute North, a bitcoin miner that filed for Chapter 11 bankruptcy protection on Sept. 22, 2022. Foundry says the two data centers have a total power capacity of around 17 megawatts (MW), and the company also has the …
Brazilian Exchange Bitpreco to Expand to Banking Services; Bets on Cashback to Counter Crypto Fears
Bitpreco, a Brazilian cryptocurrency exchange, has decided to extend its functionality to offer banking services through a new platform called Bitybank. The company, which will also open payment and digital account services, plans to attract users to crypto through cashback programs that counter the fears of users purchasing cryptocurrencies in today’s uncertain market. Bitpreco to …
RobotEra Game Will Drive Investor and Player Interest Back to The Metaverse
The term “metaverse” has undoubtedly been the talk of the market this year. The reason is simple: the metaverse has tremendous potential to develop into […] Go to Source