Bitcoin (BTC) price broke above $25,000 on Feb. 21, accruing a 53% year-to-date gain at the time, it made sense to expect the rally to continue after U.S. retail sales data from the previous week vastly surpassed the market consensus. This fuelled investors’ hope for a soft landing and the possible aversion of a recession …
Continue reading “Bitcoin bulls remain in charge even in the face of increasing regulatory FUD”
Last week was relatively calm regarding enforcement news but brought some peculiar local developments in regulation. United States Representative Tom Emmer introduced legislation in the U.S. House of Representatives that could prevent the Federal Reserve from issuing a central bank digital currency (CBDC). According to the Minnesota lawmaker, the bill could prohibit the Fed from …
Continue reading “Anti-CBDC bill in the US, no algo stablecoins for Canada: Law Decoded, Feb. 20–27”
Bitcoin (BTC) and the United States equities markets are trying to start the week on a positive note but some analysts are skeptical about the short-term prospects of the markets. According to Bloomberg Intelligence senior macro strategist Mike McGlone, Bitcoin will face significant resistance at $25,000. McGlone believes that it “may be a while before buy-and-hold …
Continue reading “Price analysis 2/27: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL”
A report by Forbes found that Binance transferred nearly $1.8 billion worth of stablecoins collateral to hedge funds last year. The beneficiaries included Justin Sun, Cumberland, and Sam Bankman-Fried’s Alameda Research. Forbes has claimed that the transfer of assets was similar to maneuvers made by FTX before its implosion. A spokesperson for the exchange clarified …
Continue reading “Binance’s $1.8 Billion Stablecoin Collateral Transfer Is Similar To FTX: Forbes”
The Amp price prediction witnesses a 1.27% price increase over the past 24 hours of trading as the coin touches a $0.0065 daily high. Amp […] Go to Source
The Neo price prediction reveals that NEO is facing key resistance at $14 as the market price may gain more upsides. Neo Prediction Statistics Data: […] Go to Source
February 27, 2023 – Seoul, South Korea Derby Stars, a horse racing metaverse game on Polygon blockchain, has opened its ‘early access’ version from February 27 to March 20, 2023. Developed by a team of experienced game developers, Derby Stars promises to be an exciting new addition to the world of digital horse racing. The …
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Grayscale CEO Michael Sonnenshein says that investors would greatly benefit from the conversion of GBTC into an exchange-traded fund (ETF), something the firm has been fighting for for multiple years. In a new interview with Peter McCormick, Sonnenshein says that the U.S. Securities and Exchange Commission (SEC) is violating Section 706(2)(A) of the Administrative Procedure …
On-chain data shows a savvy crypto whale in the Shiba Inu ecosystem is making moves that previously preceded major volatility for SHIB. First reported by blockchain tracking firm Lookonchain, data from the Ethereum (ETH) blockchain indicates that a “smart money” SHIB whale has just moved 182,214,438,344 SHIB to two different crypto exchanges. Etherscan shows that …
Blockchain Founders Fund, a venture capital fund supporting the adoption of Web3 and blockchain technology, has announced the close of a $75 million fundraising round from companies such as Polygon, Ripple, Octava, NEO Global Capital, Appworks, GSR, LD Capital, Metavest Capital and others, such as Sebastien Borget, chief operating officer of The Sandbox. According to the …
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Blur, a NFT marketplace, has seen its trading volumes and total sell-side liquidity skyrocket since conducting an airdrop on Feb. 14, 2023. The reason for the spike could be the start of season 2 airdrops, where 10% of BLUR token’s total supply will be distributed to certain users based on their activity. The team allocated …
Cointelegraph is proud to announce its partnership with Phaver, a mobile Web3 social application with over 140,000 monthly users. The partnership will provide daily Cointelegraph content to Phaver users and others across applications built on the Lens protocol. Cointelegraph, the world’s largest crypto media platform, is a strong believer in the emergence of Web3 social …
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Some cryptocurrencies are inflationary because the supply of coins increases over time. Inflationary cryptocurrencies use a combination of predetermined inflation rates, supply constraints, and mechanisms for distributing tokens to maintain the supply and incentivize participation in the network. Looking at their monetary systems, cryptocurrencies have various coin-creation and supply mechanisms. Inflationary cryptocurrencies have a steadily …
Continue reading “Inflationary vs. deflationary cryptocurrencies, Explained”
The Bitcoin price prediction shows that BTC is following the two-straight bullish day as the king coin moves toward the north. Bitcoin Prediction Statistics Data: […] Go to Source
By Dr. Andreas Freund (Co-Chair) on behalf of the EEA Community Projects L2 Standards Working Group We live in a multi-chain world, with billions of USD in asset value locked in 100+ chains. And the owners of those blockchain assets behave just like they would with assets in traditional finance: they are looking for arbitrage …
