Bitcoin price is clearly on the ropes, sending the market and its participants into a state of extreme fear. But much like a superhero donning their cape and hustling toward danger, an ultra-reliable bottom signal has returned to save the day. Here is a closer look at the signal that appeared twice at the crypto …
Continue reading “Bitcoin Bottom Signal From Bear Market, Black Thursday Could Save The Bull Run”
A lot of predictions had put the price of bitcoin at $100,000 by the end of the year and although there are still some weeks left to go, it does not look like these predictions will come to pass. Bitcoin has however maintained a bullish trend despite price crashes and massive liquidations rocking the digital …
Continue reading “Why Closing Out The Year Below $50,000 Could Be Bad For Bitcoin”
On-chain data shows Bitcoin inflows are trending up, a sign that whales might be increasing their dumping. This could prove to be bearish for the coin. Bitcoin Inflows Move Up As Whales Continue To Sell As pointed out by a CryptoQuant post, on-chain data highlights that BTC inflows to exchanges have been going up. The …
Continue reading “Bitcoin Inflows Trend Up As Whales Continue Dumping”
The stock markets and Bitcoin’s price performance might be hitting a bumpier road after the next Consumer Price Index release. During the year the Fed has been clear about an upcoming tapering, and now that new –and higher– CPI metrics are expected, the taper is likely to fasten its pace and the markets to suffer. …
Continue reading “More Downside For Bitcoin? CPI New Numbers Could Call For Early Taper”
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Bad news for Evergrande Even after all the regulatory crackdowns, China isn’t letting 2021 slip away without a few more blows to the …
An Amazon Web Service (AWS) outage on Dec. 7 forced the decentralized exchange dYdX to halt operations, raising questions over the reliance on centralized services by DeFi protocols. AWS is one of the most widely used cloud services in the world and a considerable amount of decentralized infrastructure uses it. AWS offers servers, storage, networking, …
Continue reading “AWS outage hits dYdX raising concerns over decentralization”
Solana’s blockchain performance was reportedly hit by a distributed denial of service (DDoS) attack over the past 24 hours, however the network appears to have remained online throughout. A DDoS attack generally refers to a large number of coordinated devices, or a botnet overwhelming a network with fake traffic to take it offline. This wouldn’t …
Continue reading “Solana reportedly hit by DDoS attack but network remains online”
Democratic representative for California Brad Sherman joked about how ridiculous a “Mongoose Coin” would be on Wednesday — and by Friday it had become a reality. During Wednesday’s hearing on crypto at the House Financial Services Committee, Sherman spun a tale of an old woman who swallows bigger and bigger animals to eat the animals …
Continue reading “Congressman jokes about a Mongoose Coin: Now it exists”
Crypto analyst Benjamin Cowen is taking a look at the future prospects for Ethereum (ETH) scaling solution Polygon, whose native token MATIC has been on an upward trend in recent months. In a new strategy session, Cowen compares the layer-2 protocol to the top two crypto assets, Bitcoin (BTC) and Ethereum, gauging how the altcoin …
A popular crypto analyst says one Ethereum (ETH) chart is looking particularly strong right now. In the latest TechnicalRoundUp newsletter, the pseudonymous analyst known as Cred says the Ethereum chart against Bitcoin (ETH/BTC) is “one of the best-looking macro charts in crypto at the moment.” Source: TechnicalRoundUp Ethereum is worth 0.088 BTC, or $4,388.33, at …
A metaverse token built on Ethereum is defying the crypto market’s recent pullback due to whale activity. According to crypto whale surveillance website WhaleStats, Gala Games (GALA) is now the third-most bought cryptocurrency by whales, behind only Ethereum (ETH) and Tether (USDT) during the last 24 hours. Source: WhaleStats GALA, a blockchain-based gaming protocol that …
Continue reading “Gaming Altcoin on Ethereum Surges Despite Crypto Pullback As Whales Dive In”
Most traders have noticed that Ether (ETH) price has seriously outperformed Bitcoin (BTC) for months now and the ETH/BTC ratio has rallied more than 230% in 2021 and recently hit a new high at 0.089 BTC on Dec. 9. ETH/BTC pair at Coinbase. Source: TradingView To put things in perspective, Ether’s $490 billion market capitalization …
Continue reading “Data shows pro traders are currently more bullish on Ethereum than Bitcoin”
New York-based asset manager WisdomTree has amended its filing for a Bitcoin exchange-traded fund with the Securities and Exchange Commission to name U.S. Bank as its custodian. In a Wednesday filing, WisdomTree listed U.S. Bank National Association as the custodian for shares of its Bitcoin (BTC) trust. The filing is an amendment to its March …
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Last month, Cointelegraph interviewed Reserve CEO Nevin Freeman and the payment decentralized application’s community manager Yens Michiels about the company’s mission to provide access to stable currencies. More recently, Cointelegraph spoke to a couple of users based out of Venezuela and Colombia who shared their positive experiences with Reserve. Reserve is a tool to exchange …
An Ethereum-based governance token is surging after being listed on crypto exchange giant Binance. In a new announcement, Binance says that the native governance token of Biconomy (BICO), a network that offers plug-and-play relayer infrastructure to developers and aims to economically connect users on decentralized applications (DApps) across different blockchains, will now be available for …
Continue reading “Ethereum-Based Altcoin Jumps After Surprise Listing on Crypto Exchange Binance”
