Bitcoin (BTC) broke below the immediate support at $31,000 today and that has resulted in selling across several major altcoins. Coincidently, the fresh push to the downside in Bitcoin has come a day after the much talked about unlocking of shares worth about 16,000 Bitcoin from the Grayscale Bitcoin Trust. The sell-off in cryptocurrencies could …
Continue reading “Price analysis 7/19: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC”
Major venture capital firm Andreessen Horowitz will be promoting a former employee of digital asset infrastructure provider BitGo to assist in running its $2.2 billion crypto fund. According to Andreessen Horowitz general partner Katie Haun, Arianna Simpson will be joining partners Chris Dixon, Ali Yahya and Haun for the launch of the firm’s $2.2 billion …
Continue reading “Former BitGo employee will help deploy Andreessen Horowitz’s $2.2B crypto fund”
US bank joins Goldman Sachs in providing futures access to clients. XRP sees a big transfer of tokens to Binance. ADA tests smart contracts. BTC Bitcoin was weaker on Monday as stock markets swooned on the latest surge in virus variant cases and inflation last week. BTC Price Index Bitcoin is lower by $1,000 on …
Continue reading “Bank of America Offering BTC Futures to Clients, XRP, ADA, RUNE, Jul. 19”
In this paper, we argue that blockchains are trapped in a dark age of technology centralization. The wars of multi-chain DeFi push the market to abandon decentralization, its oldest and most foundational principle. Crypto’s citizens search for “fast” technologies that optimize for DeFi yield generation, even if this hands power to a new class of …
Continue reading “Illuminating The Dark Age Of Blockchain: Algorand”
A closely followed analyst predicts a strong Dogecoin (DOGE) surge amid the prevailing bearish sentiment in the crypto markets. The pseudonymous analyst, known as Kaleo, says that he sees the meme cryptocurrency skyrocketing 200% from its current value of $0.17 to $0.51. ADVERTISEMENT “Looks like a solid spot to punt a DOGE long. Bouncing …
Continue reading “Top Crypto Analyst Flips Bullish on Dogecoin, Says Bitcoin Bull Market Not Over”
Stock and cryptocurrency trading app Robinhood is expecting its quarterly revenue to decrease based on significantly high trading volume earlier this year. In an amendment to its Form S-1 filed with the United States Securities and Exchange Commission on Monday, Robinhood reported that its trading activity for January and February was “particularly high” but had dropped …
Continue reading “Robinhood warns a crypto revenue drop is coming amid IPO filing”
English Premier League stalwart Arsenal F.C. is launching a new fan token in partnership with Socios, giving its supporters the ability to influence club decisions and access team-related content. The partnership makes Socios the main digital meeting place for Arsenal’s fanbase, according to a Monday announcement from Chiliz, the exclusive blockchain of the Socios platform. …
Continue reading “Arsenal FC to launch AFC Fan Token on Socios”
The ongoing United States-China trade war is in its fourth year. Former U.S. President Donald Trump saw different results from what he initially expected: America has taken a hit from higher tariffs and sanctions against Chinese companies and hasn’t benefited from it nearly to the same extent. It has cost the country up to 245,000 …
Continue reading “China is pumping money out of the US with Bitcoin”
A supersonic rally in the Axie Infinity market that saw its native token AXS surge by 972% in just 23 days is now risking exhaustion. AXS price Fib fractal The AXS/USD exchange rate plunged to as low as $16.02 on Monday, four days after topping out at $29.86. In doing so, the pair attempted to …
Continue reading “Axie Infinity (AXS) axes almost half its value following 971% bull run”
Billionaire “Bond King” Jeffrey Gundlach says that Bitcoin (BTC) has lost its steam and will likely backtrack to its pre-2021 price level. In a new CNBC interview, the CEO of investment management firm DoubleLine Capital examines the state of the Bitcoin market and says that he believes Bitcoin has topped out. ADVERTISEMENT “It looks …
Mumbai-based crypto exchange WazirX has been the target of much of India’s regulatory heat as the company continues to attract local investors. In the latest run-in with the government, the Directorate of Enforcement (ED) issued a show-cause notice to WazirX for allegedly violating the Foreign Exchange Management Act in relation to transactions worth 2,790.74 crore …
Continue reading “Indian regulator probes crypto exchange for alleged forex law violations”
Michael Sonnenshein, CEO of digital asset management giant Grayscale, has announced a new investment vehicle for the firm targeted at decentralized finance (DeFi) assets. Sonnenshein announced Grayscale’s planned DeFi Fund and Index during an appearance on CNBC’s Squawk Box. Detailing the purpose of the new product, the Grayscale CEO said the fund would offer exposure …
Continue reading “Grayscale sets sights on institutional DeFi fund”
Bitcoin (BTC) fell below $31,000 support on Monday after sideways trading gave way to downside pressure. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Fresh pain for BTC price Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $30,630 on Bitstamp on Monday. Coming a day after Bitcoin’s lowest weekly close since December …
Continue reading “Bitcoin price dives below $31K after lowest weekly close in 8 months”
Last week, Cointelegraph reported on the seizure of 3,800 PlayStation consoles allegedly being used to mine cryptocurrency. The confiscated gaming units were among a stash of hardware discovered by Ukrainian authorities during a raid on a farmhouse accused of tampering with electric meters to steal power from the local grid. Based on the initial reports …
Continue reading “Seized PS4 consoles in Ukraine used for FIFA accounts, not crypto mining”
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 …
