Bitcoin (BTC) traders may be experiencing some “extreme panic,” but one analyst argues that practically all the technical metrics point to price upside. Speaking to Cointelegraph on Dec. 16, Filbfilb, co-founder of trading platform Decentrader, listed more than 20 signs that bullish momentum should be next for Bitcoin. “Enough there” for a Bitcoin upside breakout …
Category archives: Trending Crypto news
Here’s What’s Next for Bitcoin, Ethereum, Polygon and Hedera, According to Top Crypto Analyst
A popular analyst and trader is laying out price targets for several crypto assets after some recent uncertainty in the markets. In a series of tweets, the pseudonymous trader Credible Crypto looks at the charts to give his 281,500 followers an updated price forecast for Bitcoin (BTC), Ethereum (ETH) and two altcoins he’s been tracking. …
Beijing court rejects monetary compensation in Bitcoin mining contract plea
A district court in Beijing has rejected monetary compensation in a Bitcoin (BTC) mining contract plea against a blockchain company. The Chaoyang District People’s Court on Wednesday deemed the Bitcoin mining contract between the plaintiff and the blockchain firm “invalid,” the South China Morning Post reported on Dec. 16. The plaintiff in the case reportedly …
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The Rise of NFTs – The New Digital Collectible
HodlX Guest Post Submit Your Post While Bitcoin is considered as the digital alternative to fiat currency, non-fungible tokens (NFTs) are now considered as the digital answer to collectibles. NFTs have moved from a niche curiosity to a cultural phenomenon. From digital art to memes, to play-to-earn games, NFT popularity has spread like wildfire. NFT …
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Coinbase Transparency Report — — Q1-Q3, 2021
Coinbase Transparency Report -Q1-Q3, 2021 By Paul Grewal, Chief Legal Officer Coinbase is proud to publish our third Transparency Report. This report covers the period between January 1 through September 30, 2021*. As Coinbase continues to grow and offer services in new markets, the number of legitimate information requests we receive from law enforcement agencies and other …
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FED’s Powell Doesn’t Think Crypto Risks Financial Stability
The crypto market cap has moved up to $2,2 trillion after the Fed announced they would double the tapering of bond purchase and interest rates will stay the same for now. Fed’s chairman Jerome Powell held a news conference after the decision was taken where he approached several issues on the United States economy and …
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Bitcoin, Ether Spike After Fed Announce No Change To Interest Rates
The price of major cryptocurrencies soared on Wednesday after the Federal Reserve announced that it will accelerate the tapering of its asset purchases, with the program set to expire in March, and that the benchmark interest rate would be raised three times next year. Following the Fed’s announcement, Bitcoin soared from roughly $47,800 to over …
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Kraken CEO Says Bitcoin Below $40k Is A Buying Opportunity
Jesse Powell, the CEO of the popular crypto exchange Kraken, has said that Bitcoin under $40K would be a good buy, while also predicting that the dollar will go to zero. Bitcoin’s Fall Is A Buying Opportunity If the price of Bitcoin falls below $40,000, Kraken CEO Jesse Powell says the present downward pressure would …
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This Decentralized Gamefi Project is Building a Mecha-Filled Metaverse
When it comes to gaming, certain genres are always in vogue. Shooter RPGs. Survival games. Immersive action-adventure odysseys focused on exploration and discovery. And, of course, battle-based games that revolve around towering fighting machines known as mecha. This isn’t a surprise, of course. Talking robotics with cannons for arms have broad appeal, as evidenced by …
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Bitcoin Volume Dropping Could Suggest The Downtrend Is Diminishing
Data shows that Bitcoin trading volume has started dropping off, suggesting that the recent downtrend might be diminishing. Bitcoin Trading Volume Sharply Drops Off In The Past Week As per the latest weekly report from Arcane Research, the BTC 7-day average trading volume has significantly reduced recently. The “trading volume” is an indicator that measures …
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Voyager Digital will be crypto brokerage partner for National Women’s Soccer League
Crypto trading platform Voyager Digital has inked a deal with the National Women’s Soccer League, or NWSL, aiming to provide players crypto education and financial support. In a Tuesday announcement, Voyager said it would become the league’s first cryptocurrency brokerage partner as part of a multi-year deal. The trading platform said a “significant amount” of …
Bitcoin Could Be at the Start of a Strong Corrective Move to Macro Range Lows, Predicts Top Crypto Analyst
A popular crypto strategist and trader is saying that Bitcoin (BTC) could be on the verge of a deep corrective move that takes the leading cryptocurrency to macro range lows. Pseudonymous analyst Smart Contracter tells his 197,000 Twitter followers it is possible that Bitcoin may be trading in a wide range between $69,000 and $30,000. With …
Bitcoin Looking Scary, According to Veteran Trader Tone Vays – Here’s His Worst-Case Scenario for BTC
Veteran Bitcoin trader Tone Vays says he’s not liking BTC’s technicals one bit as the king crypto continues struggling to find support below the $50,000 mark. In a new strategy session, Vays points out that Bitcoin is threatening to take out the 50-week moving average (MA) and close below it. The trader recalls that the …
Six senators urge Treasury Secretary to clarify definition of broker in infrastructure law before 2022
A bipartisan group of U.S. senators have called on Treasury Secretary Janet Yellen to clarify the language in the infrastructure bill signed into law by President Joe Biden around the tax reporting requirements on crypto. In a Tuesday letter, Senators Rob Portman, Mike Crapo, Pat Toomey, Mark Warner, Kyrsten Sinema, and Cynthia Lummis urged Yellen to …
Markets rally after FOMC meeting, but Bitcoin bears still have a short-term advantage
Bitcoin’s (BTC) price has been in a down-trend since the $69,000 all-time high on Nov. 10, when the the Labor report showed inflation pushing above 6.2% in the United States. While this news could be beneficial for non-inflationary assets, the VanEck physical Bitcoin exchange-traded fund (ETF) denial by the U.S. Securities and Exchange Commission (SEC) …