Veteran crypto analyst and trader Tone Vays says he sees Bitcoin going through a major capitulation event very soon. In a new strategy session, Vays says that he’s been more or less bearish on the world’s biggest crypto since late May, when it plunged over 50% to test $30,000. ADVERTISEMENT Vays thinks Bitcoin has …
Category archives: Trending Crypto news
South China Morning Post to tokenize 118-year-old archive with NFTs
Veteran Hong Kong-based newspaper South China Morning Post (SCMP) is creating a series of NFTs using a new token standard called “ARTIFACT,” designed to preserve historical assets on the blockchain. In its ARTIFACT Litepaper, SCMP presents an overview of the project, which is a standardized metadata structure that can be used to ensure that key …
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Bitcoin mining difficulty drops for fourth time in a row
Amid the ongoing crackdown on cryptocurrency mining in China, mining new Bitcoin (BTC) continues getting easier as BTC has experienced another mining difficulty drop. On July 18, the Bitcoin network posted its fourth consecutive negative adjustment of mining difficulty, dropping 4.8%, according to data from Bitcoin explorer BTC.com. The latest mining difficulty adjustment occurred at …
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Crypto experts see Bitcoin replacing fiat money in 20 years
Bitcoin’s (BTC) current price slump has failed to dampen some experts’ optimism regarding the world’s biggest cryptocurrency. In a new survey by personal finance comparison platform Finder.com, half of the respondents believe Bitcoin will surpass fiat money, or central bank-issued currencies, by 2040. While the sampling is arguably narrow — Finder.com says the report is based …
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Fed takes on stablecoins: 5 things to watch in Bitcoin this week
Bitcoin (BTC) emerges into a new week with middling price action and optimistic fundamentals — what could the coming days have in store? Still holding $30,000 support, there’s little about Bitcoin to truly excite traders, but volatility has already reminded them of its presence over the past week. As a recovery in mining continues, everyone …
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Bitcoin Rally Incoming, According to On-Chain Analyst Will Clemente – Here’s Why
A popular on-chain analyst believes that a Bitcoin rally is in the cards as the leading cryptocurrency faces the possibility of a supply squeeze. Will Clemente says that a Bitcoin supply shock could ignite a significant BTC rise. ADVERTISEMENT “Hang in there guys. This thing is going to pop soon. Supply shock still in play …
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Binance burns $390M worth of BNB tokens
Major cryptocurrency exchange Binance has completed its 16th quarterly Binance Coin (BNB) burn, destroying over $390 million worth of BNB. On July 18, Binance reported that it had destroyed 1,296,728 BNB tokens valued at just under $400 million at the time. The exchange noted an additional 5,163 BNB that were destroyed through its Pioneer Burn …
Chinese artist showcases NFT real estate at Alibaba-sponsored innovation festival
This year’s Taobao Maker Festival — an annual event celebrating Chinese art and entrepreneurship hosted by the Alibaba-owned e-commerce platform Taobao — will showcase nonfungible tokens (NFTs) for the first time. This year’s event will see decentralized application platform Near Protocol team up with blockchain gaming firm Web3Games and Chinese artist Huang Heshan to sell …
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Daily Dogecoin volume soared to nearly $1B during Q2
Trading volume for Dogecoin increased by more than 13 times during the second quarter for 2021, nearly tagging $1 billion daily. According to data compiled by Coinbase and reported by Business Insider, Dogecoin trading volumes soared 1,250% between April and June, with $995 million worth of DOGE changing hands daily on average during the quarter. …
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High-profile Ethereum co-founder quits crypto over safety concerns
Ethereum co-founder, Anthony Di Iorio, has announced his intention to exit the crypto industry, expressing concerns over his personal safety. According to a July 17 report from Bloomberg, Di Iorio is looking to sell his digital asset firm Decentral and sever ties with all other crypto projects he is currently involved with, stating that he …
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This Group of Investors Drives Bitcoin Bull Markets, According to Analyst Willy Woo – And It’s Not Whales
Prominent on-chain analyst Willy Woo says that a particular investor cohort is the driving force behind Bitcoin (BTC) bull markets. Woo claims that small holders, or entities that own less than one BTC, continue to stack Bitcoin as they outpace the selling of large entities or whales. ADVERTISEMENT “Chart: Weekly net flows to small …
Top 5 cryptocurrencies to watch this week: BTC, MATIC, THETA, CRO, LEO
Bitcoin (BTC) bulls have successfully defended the $30,000 level in the past few days but the failure to achieve a strong rebound has some traders worried that the price will eventually dip to new lows. In a series of tweets, Ecoinometrics said that the current correction “looks very similar to 2013” when Bitcoin took 197 …
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Fed and Yale researchers lay out 2 regulatory frameworks for stablecoins
The Federal Reserve’s ongoing research into central bank digital currencies, or CBDCs, has broadened to include stablecoins and whether they can be effectively regulated. In their paper, which was published in SSRN’s eLibrary on July 17, Gorton and Zhang argue that “privately produced monies” such as stablecoins are “not an effective medium of exchange because …
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Ethereum Co-Founder Says He’s Quitting Crypto – Here’s Why
Anthony Di Iorio, co-founder of Ethereum and crypto entrepreneur, says he’s quitting crypto. In a new report from Bloomberg, Di Iorio says that he’s leaving crypto behind, partially due to “safety concerns.” ADVERTISEMENT Di Iorio is the CEO and co-founder of Canadian blockchain company Decentral, which created Jaxx, one of the most popular crypto …
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Cardano Holding Up Well for These Reasons, According to Crypto Analyst Benjamin Cowen
Top crypto analyst Benjamin Cowen is outlining why he believes scalable blockchain platform Cardano (ADA) is performing well amid a broader corrective period in the crypto markets. In a new video, Cowen reasons that the fifth-largest asset by market cap is trending well because its platform is easy to use and to validate. Cardano’s validators …