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With MATIC’s price up 33% in the last 24 hours and market capitalization up by nearly the same level, it is MATIC against the bears while top altcoins continue bleeding. Altcoins in the top 25 are bleeding currently, as Bitcoin attempts to make a recovery. The Musk incident had a visibly negative impact on Bitcoin, […]
TL;DR Breakdown ADA continued to trade above the $2 support overnight. Next support at $1.80. Closest resistance at $2.45. Today’s Cardano price prediction is bullish as the market retraced to the $2 mark and still has not moved any lower. Therefore, we should see another push higher over the next 24 hours as the several-week […]
Bitcoin fundamentals being so strong helped send the cryptocurrency into a parabolic uptrend. Blockchain data revealed each times coins left exchanges in bulk, and the reduction in BTC reserves was evident to any onlooker thanks to the transparency the tech provides. But unfortunately, a recent wave of bullish fundamentals still failed to overpower bearish technicals […]
TL;DR Breakdown Americans express most interest in ETH How search for ETH has surged globally A recent report by Invezz.com, and reported by Finbold has revealed that American citizens are most interested in Ethereum, the number one altcoin ahead of other countries. Behind Americans, Germans and Turkey residents have also shown a high level of […]
In February, Nvidia ([[NVDA]] +1.1%) announced that all GeForce RTX 3060 graphics cards would ship with a reduced Ethereum hash rate to discourage Ethereum (ETH-USD) mining and make more supplies available for the core gaming audience. Nvidia is now reducing the has rates on the new GeForce RTX 3080, 3070, and 3060 Ti graphic cards that will start shipping before the end of May.Products with a limited hash rate will be labeled with a Limited Hash Rate or LHR identifier. The reduced hash rate only applies to newly purchased products with those identifier and not products already purchased.Related: In February, Nvidia launched cryptocurrency mining processors that are essentially GPUs without the graphics.
When the history books come to be written about our very peculiar times, there will be a significant sub-plot running alongside the epic narrative of the coronavirus pandemic. Namely, the rise of cryptocurrency. All these years after Satoshi Nakamoto’s original white paper introduced the concept of Bitcoin and changed our way of thinking about money, …
Ransomware attackers have already siphoned tens of millions of dollars in crypto this year, according to the blockchain analytics firm Chainalysis. In a new mid-year ransomware update, Chainalysis notes that the stolen amount of $81 million is likely to grow, even when only looking at the first five months of 2021. “$81 million must be […]
The crypto market is on fire, and Bitcoin prices have never been higher. Each passing day you see social media posts sharing pictures of Rolexes, new luxury cars, and, best of all, pictures of BTC investors sharing their dream homes. People are cashing out their coins and starting the business ventures they’ve always dreamed of. […]
To say the cryptocurrency bull market is in full swing would be somewhat of an understatement. The average cryptocurrency gained a whopping 696% in the last year alone, while some coins have gone much further, including Shiba Inu (SHIB) and Kishu Inu (KISHU) — which pulled in 874% and 3766% alone in the last two …
The investment round was led by ParaFi Capital alongside Defiance Capital, Lightspeed Venture Partners, Blockchain Ventures, Fenbushi Capital, OKEx, StarkWare and Longhsh Ventures. Angel investors from Synthetix, Aave and Enzyme also participated.
When the altcoin bloodbath went down over the weekend, following Bitcoin’s plunge, Binance Coin, Litecoin and Bitcoin Cash ended up being the most affected altcoins in the top 20. The prices of these 3 altcoins have plunged by double digits. However, this means that these altcoins have consolidated and are in the buy zone. What’s […]
Fox Broadcasting Company, the American commercial broadcast television network is launching a non-fungible token (NFT) business called Blockchain Creative Labs, according to a recent report. Moreover, Fox is also planning to release a new blockchain-based animated series crafted by Dan Harmon called “Krapopolis.” Fox to Enter the NFT Fray, Aims to Launch an Animated Series […]
A joint statement from Beijing's National Internet Finance Association of China, the China Banking Association, and the Payment and Clearing Association of China: "Recently, crypto currency prices have skyrocketed and plummeted, and speculative trading of cryptocurrency has rebounded, seriously infringing on the safety of people's property and disrupting the normal economic and financial order."According to Reuters, the three regulators - in addition to the above warning about trading in cryptos - have teamed to ban financial institutions from facilitating cryptocurrency transactions.The news appears to have ended a modest bounce today in bitcoin (BTC-USD), and sent the popular crypto back close to the lows of yesterday, currently trading a few dollars above $43K.The Grayscale Bitcoin Trust (GBTC) is off 2.7% today.Recall the quick dive for bitcoin in March on news of a proposed India ban.
SimpleFX is one of the leading trading applications that has been around since 2014. The platform holds the distinction for being the first of the online brokers to offer cryptocurrency trading accounts. Simple and Flexible Trading Interface Designed to be an easy-to-use platform with a simple and intuitive user interface, SimpleFX is a mobile-first multi-device […]
Everyone is acquiring bitcoin. From everyday people buying fractions of a bitcoin in the hopes of making a value later on to companies like Tesla padding their wallets with billions worth of the famous asset, bitcoin is all the rage these days. Given that bitcoin currently hovers around $45,000 after seeing a new all-time price […]
TL;DR Breakdown XRP price prediction highlights Ripple’s price movement past the $1.5 mark. At present, Ripple is trading on top of a symmetrical triangle channel. Ripple recently turned the $1.33 to $1.48 critical supply area into a demand zone. If Ripple closes the day at its current $1.6 price region, the bullish outlook will gain […]
China has banned financial institutions and payment companies from offering their clients any service involving cryptocurrency, such as registration, trading, clearing, and settlement, Reuters reported, citing a joint statement by three industry bodies.Also, the institutions must not provide saving, trust, or pledging services of cryptocurrency, nor issue financial
The art world and the world of blockchain are currently seeing a huge intersection thanks to the rise of non-fungible tokens or NFTs as they are commonly called. Top artists from around the world have been selling their work as NFTs with millions of dollars being raised and NFT platforms seeing more attention from the […]
Three associates of the People’s Bank of China (PBOC), the Chinese central bank has issued a document prohibiting institutions and businesses from engaging in any form of virtual currency transactions. The latest set of regulatory paperwork ban payment service providers and financial institutions from offering any form of service involving cryptocurrency transactions. The three associate
Ethereum’s price has recovered from the weekend blues: the price is up 7%. There is an uptick in exchange inflows after a consistent drop in percent balances across exchanges since the end of April 2020. However, the overall exchange net flow has hit a 1-month low based on data from Glassnode. Ethereum’s market cap has […]
Coinbase shares have dropped in value during the last month after opening at $342 per share. The company’s shares have dropped over 27% to $248 per share since the Nasdaq listing in mid-April. On Monday, the firm further announced intentions to sell $1.25 billion of convertible debt. Coinbase Shares Drop Below Reference Rate Coinbase Global, […]
Layer-2 solution Polygon (MATIC) turned some heads as it has surpassed Ethereum (ETH) in the number of transactions, and is now being discussed as a possible competitor to Binance Smart Chain (BSC).Per BitInfoCharts.com, the number of daily transactions on Ethereum hit nearly 1.64m on May 11 - its all-time high (ATH), dropping to 1.43m by May 18. Per Polygon explorer,
Notorious billionaire Chamath Palihapitiya’s tweet about BitClout raised a few red flags. Since we at Bitcoinist checked the project’s documentation and explored the possibility of it being a scam, we had to investigate. Is Social Capital’s CEO more involved in BitClout than he’s letting out to be? Let’s find out. The tweet in question was […]
Mike Novogratz, the CEO of crypto custody service provider Galaxy Digital appeared on CNBC to talk about recent market correction and suggested the price fall was nothing extraordinary, and when the markets get ahead of themselves, correction is a natural phenomenon. He even compared the recent correction to “tax day,” saying a lot of people
The cryptocurrency market has shifted bearish following Elon Musk’s tweets, though buyers are looking to put an end to the fear. The cryptocurrency market is attempting a recovery after Tesla CEO Elon Musk’s recent tweets spurred on a wave of selling — with the total capitalization currently up more than 1.5% to just over $2.2 […]
Bitcoin price climbed above the USD 45,500 resistance level. BTC is currently (12:00 PM UTC) showing positive signs and it might move above USD 46,000. If there is a clear break above USD 46,500, the bulls could take control in the near term.Similarly, most major altcoins are showing recovery signs. ETH is gaining pace and it could possibly rally above USD 3,600. XRP/USD is surging and it cleared
Microstrategy (MSTR) had purchased another ~229 bitcoins for $10M in cash, at an average price of ~$43,663 per bitcoin.This brings the company's holdings to ~92,079 bitcoins, acquired for $2.251B at an average purchase price of ~$24,450 per bitcoin.MSTR shares up 1.16% premarket.Bitcoin (BTC-USD) fell as low as $42K yesterday and is currently up 0.3% to $45.1K.
MicroStrategy, the software solution giant has bought the Bitcoin dip with an additional $10 million purchase of 229 Bitcoins. The most recent purchase comes within a week of their last Bitcoin purchase announcement. The Fortune 500 company bought the latest dip at $43,663 per Bitcoin. The company that pioneered the use of Bitcoin as a
In an appearance on the CNBC network’s Fast Money segment on Monday, Carter Worth, chief market technician of Cornerstone Macro, warned that the BTC bottom might be far from in. Bitcoin could drop to $29,000 and still be testing current support in line with past dips, he claimed. Analyzing recent price activity and comparing it to past […]Read full post Bitcoin’s price could drop to $29,000, claims CNBC’s Carter Worth. on Chaintimes.com.
Peter Brandt, who is known for predicting Bitcoin’s largest market crash in terms of US dollar value back in January of 2018, is sharing his thoughts on the current BTC correction. In a new tweet, the veteran analyst and trader says that the ongoing BTC pullback that saw the leading crypto asset plunge from its […]
Source: Adobe/bizoo_nForthcoming online chess tournament FTX Crypto Cup is slated to pit the world’s top ten players against each other, allowing the global chess elite to compete for USD 100,000 worth of bitcoin (BTC), provided by the event’s sponsor and crypto derivatives exchange FTX, and USD 220,000 in cash.Some of the grandmasters that are to take part in the cup, which is described as
Cryptocurrency is a volatile asset class.Few are aware of the potential of cryptocurrency to create passive income.Those with a long-term horizon in crypto should consider generating yield to grow their holdings.
Do Altcoins and Bitcoin always go hand in hand? In the recent technical analysis session, Benjamin Cowen opined on a few red-hot trending assets with a high potential to rise. He also highlighted a possible relation between Alts and BTC. He stated: “Altcoins will likely do well as long as Bitcoin stays above the 20-week […]
In order to help decentralized finance (DeFi) emerge as a credible alternative to the conventional banking system, it is required that organizations in this category must collaborate and explore bringing applications and blockchain protocols together. According to an estimate by a tracking website called DeFi pulse, more than $75 billion have been locked into the …
The U.S. Federal Trade Commission (FTC) says reports of cryptocurrency scams have skyrocketed. In particular, people have reported sending more than $2 million in cryptocurrency to Elon Musk impersonators within the past six months. Elon Musk Impersonators and Other Cryptocurrency Scams The FTC published “Consumer Protection Data Spotlight” Monday. FTC analyst Emma Fletcher wrote, “Reports […]
LavaSwap is coming up with its new economic model by upgrading its DEX platform. In addition, the platform is planning to introduce the line of strategic investors helping to change the mining problem and other issues that will maximize the benefits of LAVA. LAVA is an interoperable decentralized cross-chain swap protocol and is powered by …
According to The National News report, the investigation from the German police was initiated after locals accused a gang of stealing over 7 million euros ($8.5 million) in the country through fake online trading platforms, which promoted high yield returns from investing in cryptocurrencies. According to the news report, five of the six people involved […]
Last week, cryptocurrency users watched the market decline severely after Elon Musk announced that Tesla has shut down Bitcoin payments in the meantime, until “mining transitions to more sustainable energy.” With Bitcoin losing billions over Musk’s announcement in minutes, it is clear that there is a major gap in the market that needs to be […]
Making an important announcement in the field of decentralized finance (DeFi), Harmony has revealed that it has signed a pact with Knit Finance to enhance the adoption potential of the segment further. Knit Finance is a trusted name in the field of DeFi platforms, and its specialization lies in multi-chain and cross-chain synthetic assets. The …
The past week was an opportunity for many Bitcoin buyers to escape the bear market, but it was also an opportunity for long-term holders to buy the dip. For the altcoin market, it was an opportunity for investors to also buy the altcoin dip, but just around the corner were scammers who also had the […]
Bitcoiners are hopeful that bitcoin (BTC) will bounce back stronger following its recent Elon Musk-fuelled price setback – but the likes of Galaxy Digital CEO Michael Novogratz say that choppy waters could be ahead for at least the next few weeks as new entrants are panic-selling. BTC has had a turbulent month after months of steady growth, and dropped into the
Luchadores.io finally gets launched using the ChainLink VRF, creating NFT collectibles generated randomly during the purchase period. The product is also a mix of 100% art and metadata stored inside the Ethereum Blockchain. The product carries a 10,000 limited supply, featuring color combinations and rare attributes. Users can also add some unique Luchador on their …
Authorities in Germany launched a massive operation that cracked down on a sophisticated crypto scam, resulting in the arrest of six people in different European countries. Initial reports state that such a fraudulent scheme stole over $36.2 million worth in virtual currencies from individuals across Europe. Raids Conducted in Poland, North Macedonia, and Sweden According […]
TL;DR Breakdown BTC retests support at $43,000 overnight. Resistance at $45,000 still holds. Next resistance at $47,000. Today’s Bitcoin price prediction is bullish as the market continues respecting support around $43,000. Therefore, unless further downside is set, we expect BTC/USD to move higher over the next 24 hours. The overall market trades with relatively calm […]