Bitcoin (BTC) starts a new week with a decidedly bearish move — but one which fails to shake investor confidence in the bull run. A mixed weekend saw BTC/USD close above $47,000, only to lose all of its previous gains to challenge $45,000 support hours later. It’s a delicate situation — not just Bitcoin, but …
Continue reading “‘Best bear market ever’ — 5 things to watch in Bitcoin this week”
According to a blog post published by Optimism on Sept. 18, the team anticipates Ethereum-native protocols will be able to launch on its network in a single click by the end of October. “Any tooling that can run on Ethereum will run identically on Optimistic Ethereum,” the post highlighted, adding: Optimism, the Ethereum Foundation-backed team …
Continue reading “Optimism announces upgrades enabling ‘one-click’ roll-up deployment”
Cross-chain DeFi platform pNetwork has become the latest protocol to be targeted by hackers on Binance Smart Chain, reporting a loss of roughly $12.7 million worth of Bitcoin. According to a Twitter thread published by pNetwork on Sept. 20, the incursion resulted in 277 pBTC being siphoned from the exchange. The hackers made off with …
Continue reading “Latest DeFi hack targeting BSC sees $12.7M in Bitcoin stolen from pNetwork”
Leading U.S. cryptocurrency exchange Coinbase has secured a contract to develop tech for the Department of Homeland Security worth as much as $1.36 million. Under the agreement, Coinbase has been contracted to deliver “application development software as a service” for the U.S. Immigration and Customs Enforcement division (ICE). The contract took effect on Sept. 16 …
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A statement from Anthony Scaramucci has revealed the total crypto worth of an Alternative investment firm in Australia’s SkyBridge Capital. He stated that SkyBridge holds crypto worth $700 million presently. The alternative investment firm has filed for a cryptocurrency company ETF which simply means a crypto-based exchange-traded fund. Related Reading | New To Bitcoin? Learn To …
There have been many studies that have highlighted the carbon footprint and electricity usage problems of Bitcoin transactions. Founder of Digiconomist Alex de Vries and researcher at MIT’s Center for Energy and Environmental Policy Research, Christian Stoll, released a new study that shines a light on the electronic waste that Bitcoin generates. Related Reading | How …
Upon its launch, Internet Computer took the crypto market by storm. It’s an ambitious project, supported by some major names in the industry. Designed and created by the DFINITY Foundation, it aims to give more power to the people over the Internet, and it could potentially take it into a new stage powered by its …
The centralized metaverse is a term used to describe the dominant model of virtual worlds that was developed by companies like Linden Lab. The centralized metaverse has been around for over 20 years and has become a big part of people’s lives. In the early days of the Internet, there were many different ways to …
Continue reading “Say Goodbye to the Centralized Metaverse and Hello to the NFT Metaverse”
Earlier this year, crypto lending platform BlockFi started facing the heat from state regulators in New Jersey, Texas, and Alabama. Other states have joined the fold since then, as well. Celsius this week is now facing similar cease and desist demands from all three of the same states that BlockFi first faced. Let’s take a …
Continue reading “After Targeting BlockFi, State Regulators Now Set Their Eyes On Celsius”
A prominent crypto strategist and trader says he’s pulling out of his altcoin positions as he believes Bitcoin and Ethereum are poised for a deep correction. The pseudonymous trader, known in the industry as Smart Contracter, tells his 165,600 followers that he sees Bitcoin (BTC) dropping below $40,000 while Ethereum (ETH) could slide below $3,000. …
One of the reasons behind Bitcoin’s (BTC) volatility, the substantial price oscillations that occur regularly, is the discrepancy of its use cases. Some pundits deem it “digital gold,” a truly scarce and perfect store of value (SoV). Others consider Bitcoin a technology project or a type of software with a corresponding network. El Salvador’s adoption …
Continue reading “Here’s why Bitcoin might be safe from a global stock market crisis”
Bitcoin (BTC) and most major altcoins have been consolidating in the past few days as investors await a trigger to start the next directional move. Some believe that the rising inflation in the U.S. could prove to be bullish for Bitcoin. In a note to clients, Anthony “Pomp” Pompliano said that the only way to …
Continue reading “Top 5 cryptocurrencies to watch this week: BTC, DOT, LUNA, ATOM, FTT”
Crypto exchange Kraken says that an upgrade for Bitcoin (BTC) coming in November is “one for the ages.” In Kraken Intelligence’s latest report, the exchange explains that Taproot – which is comprised of three Bitcoin Improvement Proposals (BIPs) – will revamp multiple aspects of the world’s biggest crypto by market cap. ADVERTISEMENT “Taproot substantially …
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Apple is facing a class-action lawsuit from crypto investors over an application that allegedly allowed hackers to steal their coins. According to a report from civil litigation media outlet Courthouse News Service, hackers used the tech giant’s app store to place a phishing application disguised as a crypto wallet called “Toast Plus” and lured users into …
Bitcoin (BTC) has the potential to push its prices to between $250,000 and $350,000 by the end of 2021, a long-standing fractal suggests. First spotted by pseudonymous analyst Bit Harington, the bullish setup drew its inspirations from Bitcoin’s secular bull runs every time after halvings when the miner block reward gets cut in half. Analysts perceive the …
Continue reading “Bitcoin ‘heavy breakout’ fractal suggests BTC price can hit $250-$350K in 2021”
