Crypto analyst and trader Nicholas Merten is working out when the next big Bitcoin (BTC) correction could take place. In a new strategy session, Merten says his expectations for the rest of Bitcoin’s bull cycle are likely more conservative than most analysts. The analyst says that the $100,000 level will probably act as a …
Category archives: Trending Crypto news
‘Uptober’ closes at record high in best month of 2021 — 5 things to watch in Bitcoin this week
Bitcoin (BTC) sees a volatile start to a new week and a new month after its first ever monthly close above $60,000 — what’s next? After a highly anticipated end to “Uptober,” bulls are looking to November to provide the next phase of what they hope — and sometimes promise — will be a BTC …
Investors rug-pulled after pouring $57M into dog-themed OlympusDAO fork
After launching via a Discord channel on Oct. 28, AnubisDAO went on to raise roughly 13,256.4 ETH using Alchemistcoin’s liquidity bootstrapping protocol (LBP) Copper. However, the funds were unexpectedly sent to a different address roughly 20 hours into the LBP. CNBC spoke to one investor who claims to have lost almost $470,000 to AnubisDAO. The …
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Industrial Bitcoin mining breathes new life into tiny Texan town
Two Bitcoin mining giants are duking it out for cheap electricity in the tiny town in Texas. Both Bitdeer, a mining firm that spun out from Chinese giant Bitmain, and Riot Blockchain, one of leading publicly traded Bitcoin mining firms in the United States, are operating data centers hosted at a former aluminium smelting facility …
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Tethered Up: How Stablecoins Plan To Stay Stable
Many heads turned to the idea that a token meant to serve as a backed stablecoin may actually be manipulating the game. In enters Tether. These were heavy considerations especially with all of the beauty going on in the crypto world. Here is quick dive into what happened during the trials earlier this year, and …
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Dog-Themed DeFi Project Mysteriously Loses Fundraised $60 Million
A DeFi project that launched on Thursday had raised $60 million overnight during its token sale. However, the funds seem to have disappeared, and no one is sure exactly how. On Friday, investors woke up to the shocking news that their funds had disappeared. Around 13,556.36 ETH, which was worth $60 million at the time, …
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IOTA Introduces New Smart Contracts To Circumvent The Network Flaws
The use of smart contracts remains the key turnaround factor with the cryptocurrency space. Smart contracts brought about the decentralization of digital assets and eliminated third-party interferences in crypto transactions. Distributed ledger and open-source cryptocurrency, IOTA, has just launched a new smart contract beta. This latest move offers its users a platform for getting high-speed …
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StorX Offers the Most Reliable Decentralized Cloud Storage Solution
Data is the most important element of today’s information-driven businesses. The better decision-makers understand their staff’s requirements, industry developments, and client expectations. Also, it can more strategically plan future growth. This need has fuelled massive development in decentralized cloud storage. StorX aspires to be a decentralized cloud storage leader. Convenient enterprise-grade storage options like Google …
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Top Trader Predicts Epic Dogecoin Rally to New All-Time High, Warns Not To Sleep on Binance Coin
A popular crypto strategist and trader expects Dogecoin (DOGE) to pull off a massive rally and warns traders not to sleep on Binance Coin (BNB). Pseudonymous analyst Smart Contracter tells his 176,700 Twitter followers that he sees Dogecoin launching a strong surge to $1.00, marking potential gains of over 270% from its current value of …
Department of Justice on the Hunt for Director of Crypto Enforcement Team
The U.S. Department of Justice (DOJ) is seeking a director to head its new National Cryptocurrency Enforcement Team (NCET). A recent job listing posted by the DOJ says that the agency is looking for someone with at least five years of post J.D. (Juris Doctor) legal experience and an extensive understanding of blockchain and crypto …
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AMC CEO Says Movie Theater Giant Is Exploring Shiba Inu As Payment Option for Ticket Purchases
AMC chief executive officer Adam Aron is pondering whether the cinema chain should accept payments in Shiba Inu (SHIB) as the memecoin barges into the top 10 crypto assets by market cap. In a new poll, Aron asks his 199,500 Twitter followers whether AMC should also accept SHIB as a payment option for ticket purchases. …
Bitcoin price descending channel and loss of momentum could turn $60K to resistance
Bitcoin (BTC) appears to lack the strength to retest the $67,000 all-time high that it reached on Oct. 20 and this is causing investors to question whether or not the bullish moment has faded. Even with the price facing these hurdles, it’s still premature to call the $58,000 support level test the beginning of a …
Top 5 cryptocurrencies to watch this week: BTC, ETH, BNB, MATIC, FTM
The weekend failed to ignite bullish momentum from crypto investors and both Bitcoin (BTC) and Ether (ETH) turned down on Oct. 31. The bulls will now try to achieve the third successive weekly close and the first-ever monthly close above the psychological $60,000 level. $63,000 is another level of interest for traders because the stock-to-flow …
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Inside the blockchain developer’s mind: What is a testnet?
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 …
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Here’s How Low Ethereum Could Dip if ETH Fails To Hold $4,000, According to Top Crypto Analyst
A closely followed crypto trader and analyst is working out what could happen to Ethereum if ETH fails to hold support at the $4,000 level. In a new TechnicalRoundup strategy session, the pseudonymous analyst known as Cred takes a look at Ethereum’s recent break above the $4,000 level to see if it’s convincing enough to …