Bitcoin (BTC) closed its third red monthly candle in a row this week as a popular analyst likened BTC price action to January 2019. In a tweet on July 1, PlanB said that BTC/USD is now the furthest away from his stock-to-flow model’s estimates in over two years. Stock-to-flow “make or break” After May’s huge …
Author archives: Adam Owen
Latin America’s Mercado Bitcoin exchange raises $200M from SoftBank
Latin American cryptocurrency exchange Mercado Bitcoin has secured $200 million in Series B financing from SoftBank, marking one of the largest funding rounds in the region’s history. Mercado Bitcoin will use the funds to expand its offerings and invest in new infrastructure to meet the growing demand for digital assets in the region, the São …
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Kazakhstan to introduce new energy fees for crypto miners in 2022
As Kazakhstan becomes increasingly popular for cryptocurrency mining, the country’s president has signed a new law introducing an extra levy for crypto miners. President of the Republic of Kazakhstan Kassym-Jomart Tokayev recently signed last a new law that imposes an additional tax fee for energy utilized by crypto miners operating in the country. The new fees …
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Tezos Price Dips 0.4% to $2.91 – How to Buy XTZ
Tezos is one of the popular blockchain networks in the market. At the beginning of May, Tezos established an all-time high of $8.40 before retreating shortly after the market turmoil. Since then, the token was on a decline before it slowly picked up in June. At the time of writing, Tezos is trading at $2.91 …
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Solana Price Up 1% to $33.21 – Where to Buy SOL
Solana’s popularity this year has soared since getting a new label as the ‘Ethereum Killer.’ The high scalability of this platform has boosted demand for SOL tokens, which have grown by over 3500% this year. At the time of writing, Solana is trading at $33.21 on major exchanges. In the past 24 hours, the token’ …
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Bitcoin S2F Creator: The Next 6 Months Will Make or Break the Model
Bitcoin closed the month of June at a value of $35,037 According to PlanB, the monthly close was at the lowest boundary of his Bitcoin S2F model Bitcoin had a similar close in January 2019 when it deviated by -61% from the model The next 6 months will be a make or break time period …
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Billionaire traders Point72 and Soros pile into Bitcoin. Some call it a ‘top’
Billionaire fund Soros Fund Management, owned by George Soros, and trading fund Point72 separately revealed their moves into the Bitcoin space yesterday, becoming the latest entrants in an expanding list of institutional funds interested in cryptocurrencies. Inroads into crypto Soros, 90, who famously shorted the British Pound in 1992 and made a billion dollars on …
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South African Regulators Reportedly Fast-Tracking Crypto Regulatory Framework
With South Africa receiving more than its fair share of cryptocurrency-related scams, a report suggests that regulators are responding to this challenge by fast-tracking the process of creating a new regulatory framework. As a result, regulators now expect this process, which was preceded “by the publication of proposals earlier in June,” to be complete “in …
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Beijing and Suzhou Railways Now Accept Digital Yuan Payments for Ride Fares
Beijing subway has officially launched a new program that allows passengers to pay for rides with the central bank digital currency (CBDC) also known as the digital yuan. The news follows the subway system in East China’s Jiangsu province in the city of Suzhou which also allows digital yuan payments for subway fares. Digital Yuan …
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Kazakhstan Introduces Surcharge for Electricity Used by Crypto Miners
Cryptocurrency miners in Kazakhstan will pay more than other consumers for the electricity they use to mint digital coins. The country’s president has signed a law that imposes an additional fee for the power utilized by the energy intensive industry. Coin Miners in Kazakhstan to Pay Extra Fee per Kilowatt-hour of Electricity Crypto mining entities …
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Ventup, the IDO Launchpad by Vent, Connects Game-Changers With Investors
sponsored Vent is excited to announce the launch of their IDO on the Ventup platform, nurtured by Vent Finance. This innovative community-driven platform promises to usher in a new era of decentralized funding for vetted projects and help empower entrepreneurs on their journey to success. Vent – Welcome to the All-in-One Ecosystem Vent has announced …
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Bitcoin (BTC/USD) Responds to Bearish Path Resistance
Bitcoin Price Prediction – July 1The market valuation of BTC/USD presently responses to bearish-path resistance after it couldn’t break through the main level of $35,000 to now trade around the value of $33,563. The market’s current rate stands at a negative figure of around 3.64 percent. BTC/USD Market Key Levels:Resistance levels: $37,500, $42,500, $47,500Support levels: …
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Bitcoin, Ethereum, Cardano and One Explosive Altcoin Could See Huge Gains in July, According to Crypto Trader Lark Davis
Crypto trader and analyst Lark Davis is naming four digital assets that he predicts will appreciate substantially in July. Davis kicks off his list with Bitcoin, telling his nearly 400,000 YouTube subscribers that the flagship cryptocurrency could be ready for a major rally. ADVERTISEMENT “…Bitcoin is number one on our list to watch in …
Bitcoin bulls must now defend $33K support after 5% daily loss
Bitcoin (BTC) faced fresh losses on July 1 as attention focused on an impending test of an important support zone. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView No price breakout for Bitcoin Data from Cointelegraph Markets Pro and TradingView tracked a 5% decline in BTC/USD overnight on Wednesday. As Cointelegraph reported, eyes are now on an …
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China’s miner exodus a ‘big net positive for crypto,’ Mike Novogratz says
As major miners are leaving China one after another following the country’s crackdown on Bitcoin (BTC), Galaxy Digital CEO Mike Novogratz has echoed other experts in seeing the migration out of China as a positive development. Novogratz explained on Bloomberg that despite China’s attempt to undermine Bitcoin — like banning mining, banning leverage, and even …
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