Bitcoin is close of ending its first week of the year in the red, as the crypto market took another blow and sits at critical support. The benchmark crypto records a 7.3% loss in 24 hours, trading at $43,000 after coming back from the lows near $42,000. Related Reading | U.S. Mining Company Marathon Now …
Continue reading “Go With The FED, Why Bitcoin Could Benefit From Interest Rate Hikes In 2022”
Ertha, one of the most highly-anticipated metaverse projects, recently launched it’s native ERTHA token to much success on Huobi Primelist. The play-to-earn game made huge progress in 2021 and is now poised to deliver a one-of-a-kind experience to fans of NFT gaming later this year. Thanks to the project’s meteoric rise, Ertha has attracted the …
The share price of Reddit’s cult-favorite stock GameStop Corporation (GME) jumped by one quarter (in after-hours trading following a Wall Street Journal report on its upcoming NFT division. The U.S. retail game store giant has been quietly working on an NFT marketplace since May, and ramped things up in October by listing several job openings …
Continue reading “GameStop shares jump 26% in after hours trade after NFT division unveiled”
Decentralized stablecoin issuer Terra issued an ambitious proposal to expand the interchain deployment of its UST stablecoin across five projects on Ethereum, Polygon, and Solana. Terra’s Jan. 6 Research post UST Goes Interchain: Degen Strats Part Three provides details about how $139 million of UST and its native stablecoin LUNA would be utilized and on …
Continue reading “$139M Terra proposal to ‘bring awesome UST use-cases’ to DeFi projects”
Chainlink (LINK) is starting to regain important levels it needs to recover after a rough 2021, according to crypto analyst Benjamin Cowen. Cowen tells his 680,000 YouTube subscribers that traders should pay attention to whether LINK is above or below its “bull market support band,” a technical indicator that’s a combination of the 20-week simple …
Billionaire and Shark Tank star Kevin O’Leary says an emerging region of the crypto industry has the potential to surpass Bitcoin (BTC). In a new interview with CNBC, the business magnate says that he believes non-fungible tokens (NFTs) could eventually outshine BTC due to their real-world use cases. “You’re going to see a lot of …
Galaxy Digital CEO Mike Novogratz says that Bitcoin (BTC) isn’t done tumbling yet. As reported by Bloomberg, Novogratz tells NBC in a new interview that he foresees Bitcoin bottoming out at around the $38,000 to $40,000 price level. The Galaxy Digital CEO is walking back his comments from last week when he said the top …
The leadership at video game firm Sega Corporation’s holding company has suggested that they may avoid nonfungible tokens in play-to-earn model games based on the response from users. In a Dec. 14 meeting of Sega Sammy Holdings’ CEO Haruki Satomi, senior executive vice president Koichi Fukazawa, and Sega Corporation president Yukio Sugino, the trio said …
Crypto analyst Justin Bennett thinks VeChain (VET) could skyrocket several times above its current price. In a new YouTube video, Bennett says if VET breaks $0.10, it’s likely to keep moving up in price. “As long as it’s above that $0.06 area, I’m still bullish on VET over the next year, and I think if …
January 6, 2022 – Zug, Switzerland Autonomy Network, an off-the-shelf decentralized automation protocol, is thrilled to introduce AutoSwap, the first-ever DApp to offer limit order, stop loss, impermanent loss protection and recurring payment features for Binance Smart Chain-based DEXs such as PancakeSwap. The DApp will also be available on Ethereum, Polygon, Avalanche, Solana and other …
Cryptocurrency analytics firm CryptoQuant is saying that Bitcoin (BTC) could be at an inflection point. According to the analytics firm, Bitcoin could be near a level where a further fall in price is unlikely. “The average duration of the Bitcoin drawdown might indicate that Bitcoin is close to where most of the drawdowns typically stop.” …
While Bitcoin (BTC) and the wider crypto markets stumble, one popular crypto analyst sees an end in sight. Over the past 24-hours, Bitcoin has dropped 6% and Ethereum (ETH) over 10%, reflecting the mood of the overall crypto markets, which have dipped 1% during that time. Traditional and digital asset markets have undergone massive selloffs due to interest rate hike speculation from the …
The price of Bitcoin (BTC) cratered below $43,000 on Thursday in a selloff that was stoked by the Federal Reserve’s renewed pledge to start unwinding its pandemic stimulus support. For the so-called diamond hand investors among us, the decline presents an attractive entry point to continue accumulating BTC at discount rates. 2021 was the year …
Continue reading “Crypto Biz: The Rise of the Bitcoin Treasury, Dec. 30–Jan. 6”
The fallout from the Federal Reserve’s recent hawkish comments about raising interest rates as soon as March continued to weigh heavily on the cryptocurrency market on Jan. 6. The Crypto Fear & Greed index has been dialed down to 15 and some traders are lamenting the possible start of an extended bear market. Crypto Fear & …
Continue reading “Here’s why Bitcoin traders say a drop to $38K is the worst case scenario”
The Human Rights Foundation announced on Tuesday that it intends to distribute 425 million satoshis — the smallest divisible unit of a Bitcoin — to various contributors as a part of its ongoing Bitcoin Development Fund. Launched in May 2020, the Bitcoin Development Fund is primarily focused on improving the Bitcoin network’s privacy, usability and …
