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 …
Bitcoin is thirteen years old as of January 2022. This is how the cryptocurrency will develop further in the coming years. January 3, 2022, marked the thirteenth anniversary of Bitcoin—the first cryptocurrency ever created and the coin that still leads the cryptocurrency market. On this day in 2009, pseudonymous Bitcoin creator Satoshi Nakamoto mined Bitcoin’s “genesis …
Continue reading “Bitcoin Has Turned Thirteen, Here’s What to Expect In 2022 and Beyond”
Crypto hedge fund veteran Zhu Su is saying that Bitcoin (BTC) is far safer than traditional assets like gold and silver from a government crackdown. The CEO and CIO of cryptocurrency hedge fund Three Arrows Capital tells his 429,000 followers on Twitter that banning the top crypto will likely be the last resort of governments. …
Phemex continues to celebrate its second year anniversary after the new year to show customers appreciation. Through the ‘energy crate‘ opening promotion, each user has the opportunity to open a virtual crate three times per day for a chance to win fantastic gifts. Trading incentives, contract reductions and free premium memberships are among the prizes …
Continue reading “Phemex Celebrates Its Second Anniversary With Energy Crate Event”
Stephen Colbert, the charismatic host of CBS’ The Late Show, is once again associating many cryptocurrencies with scams — but doing so by parodying the vernacular of a seasoned HODLer. In a Wednesday segment on members of Generation Z falling for scams inside and outside of the crypto space, Colbert referenced the rug pull behind …
2022 looks to be a transformative year for the cryptocurrency ecosystem as the focus on interoperability between siloed blockchain networks comes to the forefront and a multitude of projects announce plans to interconnect their platforms with other protocols. One sector of the crypto ecosystem that will play a vital role in ensuring smooth communication and …
Continue reading “Oracle tokens turn bullish as blockchain projects focus on interoperability”
The Federal Reserve’s signaling for tighter monetary policy in 2022 could provide short-term headwinds for risk assets such as stocks and cryptocurrency, but there’s a good chance that Bitcoin (BTC) still comes out on top as investors recognize its value as a digital reserve asset, according to Bloomberg commodity strategist Mike McGlone. The January edition …
Continue reading “Bitcoin could outperform stocks in 2022 amid Fed tightening — Bloomberg analyst”
Through a public disclosure on Jan 3, Dapper Labs became the first NFT company to federally register to lobby with the U.S. government. The company joins a growing list of influencers within the crypto industry that have taken to the floors of Congress in an effort to influence new policies. Based in Vancouver, Dapper Labs …
The Ethereum-based non-fungible token (NFT) marketplace OpenSea is now valued at $13.3 billion after investors injected additional capital during its latest round of funding. In a statement, OpenSea CEO and co-founder Devin Finzer is announcing that the firm raised $300 million in the Series C funding round led by crypto-focused venture capital firm Paradigm and …
The founder and CEO of FTX cryptocurrency exchange, Sam Bankman-Fried, says that non-fungible tokens (NFTs) and video games could be the next big thing in the crypto industry. Bankman-Fried says in a new interview with Scott Melker of the Wolf Of All Streets podcast that the NFT-based online video game Axie Infinity (AXS) is a …
Bitcoin billionaires continue to accumulate during the dip. As Bitcoin (BTC) filled the $42K December price wick this morning, Bitcoin whales were busy stacking sats. One address belonging to Binance added 43,000 BTC on the 4th of January at an average price of $46,553.68, bringing the wallet’s total value to $5.5 billion. Elsewhere, the third-largest …
Continue reading “Binance buys the dip adding over 43k bitcoin to wallet”
Bitcoin (BTC) briefly touched $43,000 prior to Wall Street opening on Jan. 6 as new market analysis offered bad news for bears. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Very similar to $30,000” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it ranged after hitting its lowest levels in nearly six weeks. Amid six-month …
Continue reading “Bitcoin price bounces off $42K as order book imbalance turns ‘crazy’”
The year 2021 was unprecedented for crypto, with Bitcoin (BTC) and Ether (ETH) gaining 60.58% and 408.5% throughout the year, respectively. For the latter, the explosion of decentralized finance (DeFi), nonfungible tokens (NFTs), decentralized applications (DApps) and decentralized exchanges (DEXs) built on its blockchain created a whole new digital currency cyberspace encompassing all corners of …
