Bitcoin transactions have dipped in recent weeks in a reflection of the bearish price action since it topped out at an all-time high. Trading as high as $65,000 in mid-April, Bitcoin’s valuation dropped to the lowly $30,000 price mark, after reports of China’s crypto payment ban. But despite the price swings, Bitcoin’s has rallied over …
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Bitcoin Price Prediction – May 26 The Bitcoin price is now up nearly three percent over the past 24 hours, currently trading at $39,307 after touching the daily high of $40,855. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $48,000, $53,000, $58,000 Support Levels: $31,000, $26,000, $21,000 BTCUSD – Daily Chart According to …
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The British Advertising Standards Authority (ASA) has banned a bitcoin ad campaign put up across the London Underground network and on London buses by cryptocurrency exchange Luno. The UK advertising regulator says the ads are misleading and irresponsible. ‘Time to Buy Bitcoin’ Ads Banned in the UK A bitcoin advertising campaign put up across London …
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U.S. government agencies are urgently working together on a joint regulatory framework for cryptocurrencies, Federal Reserve Vice Chair of Supervision Randal Quarles has confirmed. “We along with the OCC and the FDIC are engaged right now in what we are calling a sprint in seeking to pull together views on” crypto regulation. US Agencies Collaborating …
Scalability is one of the problems facing public blockchains like Bitcoin and Ethereum. This is because their architecture is not sufficient to handle the increased number of users. Ethereum, in particular, has been plagued with slow confirmation times and high transaction fees leading many to search for alternatives. ABEYCHAIN 2.0 seeks to be an alternative …
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Following the infamous Wallstreetbets story a few months ago, the company Gamestop is doing much better than it did a year ago. Now a new website called nft.gamestop.com indicates that the firm is dipping its feet into blockchain technology via non-fungible tokens built with Ethereum. ‘Power to the Players’ The publicly listed company Gamestop (Nasdaq: …
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Has the crypto crash come at the worst possible time for Coinbase or could it be a major beneficiary as actual and would-be competitors fall by the wayside? The crypto boom has led to many investors making huge profits, while crypto exchanges have seen their trading volumes shoot through the roof. Coinbase is undoubtedly one …
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The recent gains in Bitcoin and the wider crypto market have shown that there is a future for digital currencies and that they could be the preferred way in which commerce is conducted. This year, Bitcoin gained acceptance as a means of payment at Tesla, the leading electric car manufacturing company. However, this breakthrough turned …
Polygon developers are set to launch tools to enable the creation of Ethereum-compatible standalone chains and layer-two protocols. Polygon has announced the launch of its SDK stack that will allow developers to easily deploy their own Ethereum-connected blockchains. SDKs, or software development kits, are single installation packages containing tools necessary for seamless app creation. According …
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The community-governed museum is toying with new economic models amid a period of uncertainty for art institutions. According to some estimates, coronavirus-related strains may soon force upward of one in every eight physical museums to permanently close, but despite the struggles, one metaverse-native museum is raising funds to transition to a community-governed model. The Museum …
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By women and for women: Crypto industry leaders take action to bring equality to the blockchain sector by developing female-centric initiatives. The tech industry is notorious for its male-dominated culture, and unfortunately, the blockchain space may still be exhibiting this, at least for the time being. Although female cryptocurrency investors are on the rise, men …
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China’s crackdown on crypto mining could see offenders blacklisted from basic social and financial services if caught. China has ramped up efforts to quash cryptocurrency mining in its Inner Mongolia region by introducing new penalties for those caught engaging in the illegal activity. Officials unveiled new draft rules that would see harsher punishments applied to …
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Ethereum outflows from crypto exchanges have resumed to levels seen before last Wednesday’s crash 403k ETH worth $1.132 billion has left crypto exchanges in the last 24 hours 1.2 million ETH worth $3.376 Billion has left crypto exchanges in the last month Accumulation of ETH continues and could lead to a price increment towards $3k …
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Bitcoin Trade Struggles Rebounding – May 26There has been a continual process that the BTC/USD trade struggles rebounding at the resistance level of $40,000. Price currently hovers at about the value of $39,813 with about 4.67% appreciation. Trade Struggles Rebounding: BTC MarketKey Levels:Resistance levels: $45,000, $50,000, $55,000Support levels: $35,000, $30,000, $25,000 BTC/USD – Daily ChartIt …
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A leaked report from Goldman Sachs claims that smart contract platform Ethereum has a high chance of surpassing Bitcoin as a store of value. The report even refers to Ethereum as the ‘Amazon of Information.’ The crypto crash of the past week or so has led to a whopping $1.3 trillion worth of cryptocurrencies being …
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