Bitcoin (BTC) has been struggling to sustain the $47,500 support since the Dec. 4 crash, a movement that wiped out over $840 million in leveraged long futures contracts. The downside move came after the emergence of the Omicron variant of the Coronavirus and recent data showing U.S. inflation hitting a 40-year high. Bitcoin/USD price at …
Continue reading “2 key Bitcoin trading metrics suggest BTC price has bottomed”
Dear Lord Sugar Mountain, Attention: to my Facebook friend who is building a version of the metaverse that nobody wants as a starter. The last few years must certainly not have been easy. Your business model centered around polarization and, subsequently, outrage has ironically unified many of us against relying too much on your social …
Continue reading “A letter to Zuckerberg: The Metaverse is not what you think it is”
Crypto analyst Nicholas Merten says that one sector of altcoins will likely lead the digital asset markets in terms of strength and performance moving into next year. In a new strategy session, Merten tells his 487,000 YouTube subscribers that he’s looking at the Metaverse Index against Wrapped Ether (MVI/WETH) as a proxy of the crypto …
Institutional interest in cryptocurrencies is increasing as the space continues to mature. A survey released on Dec. 8 by European investment manager Nickel Digital Asset Management found that 85% of institutional investors and wealth managers have dedicated teams to review cryptocurrencies and digital assets. The study noted that the investors surveyed manage around $108.4 billion …
Continue reading “Matt Zhang on a mission to reinvent crypto for institutional investors”
Ethereum’s native token Ether (ETH) reached an all-time high around $4,867 earlier in November, only to plunge by nearly 20% a month later on rising profit-taking sentiment. And now, as the ETH price holds $4,000 as a key support level, risks of further selloffs are emerging in the form of multiple technical and fundamental indicators. …
Continue reading “3 reasons why Ethereum price can drop below $3K by the end of 2021”
Wright will only pay $100 million following a legal case concerning his former business partner. Craig Wright has been cleared of charges in a lawsuit related to a dispute between himself and the estate of his former business partner, Dave Kleiman. In the case of Kleiman v Wright, Wright faced various charges that could have …
Continue reading “Craig Wright Cleared in Legal Case Over Early Bitcoin Business”
Popular on-chain data analyst William Clemente says Bitcoin (BTC) will flip bullish when one metric reaches a key level. In Blockware Intelligence’s latest newsletter, Clemente looks at the cost basis for short-term holders (STHs) of Bitcoin (BTC). Cost basis, as it pertains to on-chain analytics, is the average price where a certain group of investors …
Crypto exchange Kraken is saying that Ethereum competitor and smart contract platform Solana (SOL) could be jockeying for a strong rally by early 2022. In a recent report, Kraken says that Solana has been trading within a large bullish pattern dating as far back as 2020. According to the crypto exchange, Solana’s corrective move from …
Continue reading “Solana Gearing Up for 255% Rally Early Next Year: Crypto Exchange Kraken”
Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series Inside the Blockchain Developer’s Mind. In previous parts, Andrew Levine of Koinos Group discussed some of the challenges the team has faced since identifying the key issues they intend to solve and outlined three of the …
Continue reading “Inside the blockchain developer’s mind: Proof-of-stake blockchain consensus”
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Jane Thomason, an entrepreneur and thought leader in technological innovation, fintech and blockchain for social impact. She is …
Continue reading “6 Questions for Jane Thomason of Kasei Holdings”
Crypto insights firm Santiment says deep-pocketed crypto investors have been stocking up big on one large-cap altcoin while markets undergo price dips. Santiment tells its 117,000 Twitter followers that whales, or holders with wallets that contain between one million and 10 million XRP, accumulated over 19 million more of the eighth-largest cryptocurrency in the last …
A popular crypto analyst and trader is mapping out what’s next for Bitcoin as the leading crypto asset continues to trade below $50,000. In a new strategy session, Altcoin Sherpa says that he’s looking at two possibilities that could dictate Bitcoin’s (BTC) long-term trend. “A lower high is almost [certain]. It’s almost inevitable like we’re …
Crypto trading platform AscendEX suffered a loss of $77.7 million in a hot wallet compromise that allowed hackers to access and transfer tokens hosted over the Ethereum (ETH), Binance Smart Chain (BSC) and Polygon (POLY) blockchains. Soon after realization, AscendEX proactively warned its users about the stolen funds, confirming that the hackers were not able …
Continue reading “AscendEX loses $80M following ERC-20, BSC, Polygon hot wallet compromise”
Even as nonfungible token (NFT) transactions have taken off and made headlines, to most people outside the crypto world, they’re just a gimmick. The metaverse will change that. There’s always a tipping point when new technologies go from incomprehensible fringe interest to, suddenly, part of life. That point usually comes from the confluence of a …
Continue reading “The Metaverse will bring unbridled evolution to NFTs”
HodlX Guest Post Submit Your Post It’s safe to say that NFTs stole the show from the broader crypto market in 2021. As non-fungibles took the market by storm a few months ago, masses of retail users and investors – as well as crypto projects – were joined by well-known artists, athletes, celebrities and billionaires, from Kings …
Continue reading “On the Road to Adoption – What Will 2022 Look Like for the GameFi Sector?”
