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US Dollar Soars after US CPI Data; USD/JPY Stages Bullish Breakout. What Now?
April 11, 2024
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Trading Emerging Market Forex Pairs – USD/MXN, USD/BRL, USD/ZAR, USD/INR, USD/CNH
April 11, 2024
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Euro Outlook: EUR/USD, EUR/GBP Price Setups Ahead of the ECB
April 10, 2024
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US Inflation Jumps, Rate Cut Expectations Pared Back Sharply, Gold Slides
April 10, 2024
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Navigating Volatile Markets: Strategies and Tools for Traders
April 10, 2024
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US Inflation Preview: US Dollar & Stocks on Edge. How to Trade this Risk Event?
April 10, 2024
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FOMC Minutes: Strategies to Trade USD FX Pairs and Gold
April 10, 2024
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Gold Hits Yet Another All-Time High, Silver Surges Ahead of US CPI
April 9, 2024
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Japanese Yen Nears a Multi-Decade Low, Will Talk Turn to Action?
April 9, 2024
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US Dollar Retreats Ahead of US CPI, Treasuries Seen Rising
April 9, 2024
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By admin, on January 6th, 2023
The cryptocurrency ecosystem underwent a turbulent year in 2022. Criticism inside and outside of the crypto industry was fueled following the collapse of FTX, Celsius, Three Arrows Capital and the Terra ecosystem.
A number of losses have been recorded from these events. Blockchain analytics firm Chainalysis released a report in December of last . . . → Read More: Crypto companies aim to build trust within future products and services
By admin, on January 6th, 2023
Bitcoin (BTC) flashed volatility at the Jan. 6 Wall Street open after fresh United States economic data disappointed risk-asset bulls.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: BTC price in line for $17,000 retest
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $16,669 on Bitstamp around non-farm payrolls and unemployment figures.
. . . → Read More: Bitcoin yo-yos on US macro data amid call for BTC price to retest $17K
By admin, on January 6th, 2023
Cathie Wood, veteran investor and CEO of ARK Invest, remains bullish on the cryptocurrency industry and centralized exchanges (CEX) despite the bear market and the crypto crisis.
Wood’s investment management firm ARK continues accumulating the stock of the major United States cryptocurrency exchange, Coinbase.
On Jan. 5, ARK purchased 144,463 Coinbase (COIN) shares for . . . → Read More: Cathie Wood’s ARK enters 2023 with $5.7M Coinbase stock purchase
By admin, on January 6th, 2023
Sovereign identity has been a hot topic in blockchain and cryptocurrency, especially with the rise of the creator economy. Currently, there are two types of digital identities. The first is federated and centralized, whereby data is in the control of the service provider, while the second is self-sovereign digital identity. The later is often . . . → Read More: NFT Steez and Lukso co-founder examine the implications of digital self-sovereignty in Web3
By admin, on January 6th, 2023
Mt. Gox creditors will have more time to decide on which repayment method they want to be paid in and register their payee information at the defunct crypto exchange.
In an announcement dated Jan. 6, Mt. Gox trustee Nobuaki Kobayashi stated that the previously announced deadline for repayment selection which was on Jan. . . . → Read More: Mt.Gox repayment registration deadline moved to March 2023
By admin, on January 6th, 2023
Bitcoin (BTC) could be busy forming fundamental support in its current tight trading range, the latest research suggests.
In a tweet on Jan. 6, trading platform Trend Rider noticed that $16,800 is becoming an increasingly important BTC price support zone.
Point of control establishing below $17,000?
Bitcoin’s lack of volatility has led commentators to . . . → Read More: BTC price forms new support at $16.8K as Bitcoin lures ‘mega whales’
By admin, on January 6th, 2023
Huobi cryptocurrency exchange has confirmed plans to lay off 20% of its employees as part of the ongoing restructuring following Justin Sun’s acquisition of the firm.
“The planned layoff ratio is about 20%, but it is not implemented now,” a spokesperson for Huobi said in a statement to Cointelegraph on Jan. 6. The . . . → Read More: Huobi confirms 20% layoffs, denies insolvency rumors
By admin, on January 6th, 2023
During the winter storm in Texas in December 2022, Bitcoin (BTC) mining operators returned up to 1,500 megawatts of energy to the distressed local grid. It became possible due to the flexibility of mining operations and the ancillary services, provided by the state authorities.
In his commentary to Satoshi Action Fund, Texas Blockchain . . . → Read More: 1.5M houses could be powered by the energy Texas miners returned
By admin, on January 6th, 2023
The developer of a Mutant Ape Yacht Club knock-off collection — Mutant Ape Planet — has been arrested in New York and charged with defrauding investors of $2.9 million in a “rug pull scheme.”
The arrest took place on Jan. 4 at John F. Kennedy International Airport in New York, with homeland security agent . . . → Read More: Mutant Ape Planet creator arrested in NY for alleged $2.9M NFT ‘fraud’
By admin, on January 6th, 2023
In a joint effort between the state-owned Chinese Technology Exchange, the state-owned Art Exhibitions China and the corporation Huban Digital Copyrights Ltd, China’s first national NFT marketplace is scheduled to come online this week.
It’s designed as a secondary market for trading digital collectibles, along with copyrights for digital assets. Perhaps unsurprisingly, it’s built . . . → Read More: Asia Express: China’s NFT market, Moutai metaverse popular but buggy…
By admin, on January 5th, 2023
On this week’s episode of Market Talks, Cointelegraph welcomes Mohit Sorout, co-founder of Bitazu Capital, a proprietary algorithmic trading and investment management platform.
This week, to kick things off, we get to know a little bit about Sorout, his background in finance and trading. We also dive into his skillset, trading style and . . . → Read More: Crypto in 2023 — Do bulls have a chance? Watch Market Talks on Cointelegraph
By admin, on January 5th, 2023
Cryptocurrency exchanges are introducing various ways to buy Bitcoin (BTC) using the Apple Pay payment method. This comes as a good move for Bitcoin adoption since the Apple Pay digital wallet accounts for more than 507 million mobile wallet downloads and a dominating market share of 43.5% in the United States mobile payments market.
. . . → Read More: How to buy Bitcoin with Apple Pay?
By admin, on January 5th, 2023
Ethereum layer-2 scaling platform StarkNet has overhauled its in-house Cairo coding language to make Web3 development accessible to developers.
An announcement shared with Cointelegraph outlines the upgrades to Cairo 1.0, which is touted to emulate characteristics of the popular programming language Rust. The overhaul intends to allow developers with general coding experience to . . . → Read More: StarkNet overhauls Cairo programming language to drive developer adoption
By admin, on January 5th, 2023
The FTX debacle has triggered a bank run on Silvergate, causing the company to sell off its assets at a loss and cut staff by 40% to cover $8.1 billion worth of customer withdrawals.
According to a report published by The Wall Street Journal, the bank liquidated debt that it was holding on . . . → Read More: Silvergate sold assets at loss and cut staff to cover $8.1B in withdrawals: Report
By admin, on January 5th, 2023
Bitcoin (BTC) traders are desperate for fresh BTC price volatility, but opinions are diverging on when it will come.
BTC/USD is currently seeing some of the least volatile conditions in its history, price metrics show.
Volatility far from guaranteed
Since the FTX crisis, Bitcoin has settled into a historically narrow trading range which refuses . . . → Read More: ‘Big move brewing’ for BTC price? Bitcoin may stay flat, hints analyst
By admin, on January 5th, 2023
Celebrities had a shaky year promoting crypto firms and projects throughout 2022.
Many found themselves named in lawsuits over their alleged promotion of since-failed projects, while others have been relentlessly mocked on social media for their involvement in the first place.
From movie stars to television actors, sports stars to musicians, many celebrities may . . . → Read More: Celebs who got burned endorsing crypto and those that got away with it
By admin, on January 5th, 2023
Digital-asset funds saw inflows totaling $433 million during 2022, the lowest level since 2018, when inflows in the crypto industry reached $233 million, according to the cryptocurrency investment firm CoinShares.
Investors’ appetite for digital assets seems not to have been fully affected by the crypto winter, but otherwise encouraged investments in crypto assets in . . . → Read More: Digital assets inflows reached $433M in 2022: Report
By admin, on January 4th, 2023
Gold made a strong start to the new year and is trading close to a seven-month high on expectations that the United States Federal Reserve may slow down and hike rates only by 25 basis points in its next meeting on Feb. 1.
Cryptocurrency markets have also shown a mild uptick but are yet . . . → Read More: Price analysis 1/4: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI
By admin, on January 4th, 2023
Bitcoin (BTC) is now further below a key moving average than it was at the pit of the March 2020 COVID-19 crash.
In a tweet on Jan. 4, popular trader and analyst Rekt Capital revealed just how remarkable the current Bitcoin bear market really is.
BTC price 200-week moving average out of reach
Not . . . → Read More: $16.8K Bitcoin now trades further below this key trendline than ever
By admin, on January 4th, 2023
The fundamental aspects of Bitcoin (BTC) continue to power global financial inclusion, financial privacy and autonomy in conflict-affected nations despite difficult macroeconomic and cryptocurrency market conditions over the past year.
These are the key takeaways of an in-depth interview with Prince Philip of Serbia and Yugoslavia conducted by Cointelegraph Brasil’s Cassio Gusson as . . . → Read More: Here’s how Bitcoin promotes global financial inclusion, according to Prince Philip of Serbia
By admin, on January 4th, 2023
After a shocking year for Bitcoin (BTC), public miners will focus on strengthening balance sheets and minimizing costs this year, according to industry analysts.
Bitcoin mining cost minimization will likely lead public miners to either go private or merge with other companies in 2023, Hash Rate Index’s Bitcoin analysts Jaran Mellerud and Colin . . . → Read More: Year of Bitcoin miners’ merge? Analysts predict key mining trends for 2023
By admin, on January 4th, 2023
Bitcoin (BTC) continued to work on cracking the $17,000 mark on Jan. 4 as an “extremely tight” trading zone held firm.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $17,000 “possible” thanks to CPI print
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $16,906 on Bitstamp, up $300 from the previous day’s low.
. . . → Read More: Bitcoin analyst identifies new key levels as Ethereum price nears 3-week high
By admin, on January 4th, 2023
Iranian authorities seized numerous crypto mining equipment over the past two years, citing stress on energy grids during winter. Now, a court ordered the release of crypto-mining equipment that was previously seized as a measure to conserve energy.
Since 2021, Iran’s Organization for Collection and Sale of State-Owned Property (OCSSOP) has seized mining equipment — . . . → Read More: Iran court orders the release of seized crypto mining equipment
By admin, on January 4th, 2023
During a year plagued by crises such as the collapse of FTX and Celsius, data shows that crypto exchange Binance has emerged as the clear “winner” of 2022 according to Arcane Research.
A Jan. 3 report from Arcane highlighted that Binance saw its market dominance soar throughout 2022. As of Dec. 28 last year, . . . → Read More: ‘Binance is the crypto market:’ Arcane crowns the exchange 2022’s winner
By admin, on January 4th, 2023
The Grayscale Ethereum Trust (ETHE) is trading at nearly a 60% discount to the underlying value of its assets, with shares falling 93% from its June 2019 all-time high (ATH).
There are many reasons behind the ongoing decline, but in recent weeks fears have grown that fallout from parent company Digital Currency Group’s debt . . . → Read More: Grayscale ETH trust nears record 60% discount as nerves continue over DCG
By admin, on January 4th, 2023
Continuing with 2022’s trend, there is a lack of positive excitement in the crypto market. While Bitcoin (BTC) and altcoins have remained stagnant to start 2023, there are a few reasons why volatility could spike in January.
Market caps during the 2022 holiday period. Source: Arcane Research Winklevoss Letter to DCG stirs up bankruptcy . . . → Read More: 3 reasons why it could be a rocky week for Bitcoin, Ethereum and altcoins
By admin, on January 3rd, 2023
On Oct. 1, 2019, Cointelegraph Magazine’s founding editor, Jon Rice, pressed publish on the first-ever feature story for the publication — a story by Swedish fintech writer Jinia Shawdagor about the country’s embrace of a cashless economy.
The brainchild of former Cointelegraph CEO Jay Cassano — who was managing editor at the time — . . . → Read More: The best (and worst) stories from 3 years of Cointelegraph Magazine
By admin, on January 3rd, 2023
The Australian city of Coolangatta has got its first Bitcoin (BTC) ATM with integrated Lightning network capabilities. The new ATM has been installed at The Strand shopping center in Coolangatta and is now available for use by the public.
A Bitcoin Lightning ATM works quite similarly to traditional Bitcoin ATMs but saves significant time . . . → Read More: Lightning Network gets physical form in Australia with Bitcoin ATM
By admin, on January 3rd, 2023
Business intelligence firm MicroStrategy made headlines ahead of New Year’s Eve as the sale of a portion of its Bitcoin (BTC) holdings drew the attention of industry experts and critics.
A regulatory filing with the United States Securities and Exchange Commission (SEC) on Dec. 28 detailed the first time the firm sold some . . . → Read More: Tax attorney breaks down the MicroStrategy Bitcoin sale
By admin, on January 3rd, 2023
Bitcoin (BTC) volatility is declining on schedule but BTC price action could still “play catch up” with gold this year.
The latest data and analysis show that despite sideways moves in Bitcoin, the largest cryptocurrency is behaving as expected.
BTC price volatility follows bear market pattern
With traders frustrated by a lack of tangible . . . → Read More: Bitcoin volatility may return in ‘catch up’ with gold in 2023
By admin, on January 3rd, 2023
There is little agreement among Bitcoin’s commentators over the last few weeks, with crypto execs, research analysts and billionaire investors offering wildly different takes on what’s in store for Bitcoin for the year ahead.
One crypto exchange founder expects Bitcoin (BTC) to spike to $40,000 by the summer, while a Bitcoin billionaire has . . . → Read More: Erik Voorhees tips $40K BTC by June, but little consensus among pundits
By admin, on January 3rd, 2023
The Ethereum network eclipsed Bitcoin in terms of total transaction volume last year, though the king of crypto has managed to retain its crown when it comes to online search interest.
According to data from Nasdaq and Ycharts shared on Reddit on Jan. 2, there were 338% more Ether (ETH) transactions in 2022 (408.5 . . . → Read More: Ethereum transactions 338% higher in 2022 but Bitcoin remains most popular
By admin, on January 3rd, 2023
On its surface, Andy Greenburg’s new book, Tracers in the Dark: The Global Hunt for the Crime Lords of Cryptocurrency, is a standard crime story. Fans of true crime podcasts will enjoy the crypto version and get a seat in the Federal Bureau of Investigation van as United States federal agents track down . . . → Read More: ‘Tracers in the Dark’ presents a fun crime story — and lesson in privacy
By admin, on January 2nd, 2023
The S&P 500 index (SPX) fell 19.4% and the Nasdaq nosedived 33.1% in 2022, their worst performances since 2008. The crypto markets also had a horrendous year, with Bitcoin (BTC) falling roughly 65%. In comparison, the United States dollar, which is perceived to be a safe haven, rallied nearly 9%, its best performance since . . . → Read More: Price analysis 1/2: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, LTC
By admin, on January 2nd, 2023
2022 proved to be a fruitful year for Ethereum Name Service, with the platform recording 2.2 million registered domains despite unfavorable market conditions for the cryptocurrency space.
According to the service, over 80% of the total ENS domains created since the project’s inception were registered in 2022. Data from Dune Analytics shows that . . . → Read More: Crypto exchange adoption boosts ENS registrations to over 2.2M
By admin, on January 2nd, 2023
Bitcoin (BTC) begins the first week of 2023 in an uninspiring place as volatility stays away — along with traders.
After failing to budge throughout the Christmas and new year break, BTC price action remains locked in a narrow range.
Having sealed yearly losses of nearly 65% in 2022, Bitcoin has arguably seen a . . . → Read More: US will see new ‘inflation spike’ — 5 things to know in Bitcoin this week
By admin, on January 2nd, 2023
With one of Bitcoin’s original core developers claiming that his balance got drained by a hacker, the crypto community is at a loss at how “normal people” can succeed at securing their own Bitcoin (BTC).
In a recent thread, Luke Dashjr claimed that some alleged attackers had somehow accessed his (pretty good privacy . . . → Read More: Bitcoin Core developer hack highlights self-custody risks: Community responds
By admin, on January 2nd, 2023
Ethereum co-founder Vitalik Buterin has shared some bullishness for the year ahead, including reaching a new milestone for rollup scaling as per the Ethereum roadmap.
The Ethereum developer also confirmed the rollout of the Ethereum Improvement Protocol (EIP) 4884 sometime in 2023, which had been removed as part of the upcoming Shanghai upgrade . . . → Read More: Vitalik Buterin highlights what he’s bullish about for 2023
By admin, on January 2nd, 2023
Liquid staking protocol Lido Finance appears to have benefited most from the Ethereum merge in September, with its total value locked (TVL) now sitting at the top position among other decentralized finance (DeFi) protocols.
According to data from DefiLlama, Lido’s liquid staking protocol now commands $5.9 billion in TVL, compared to MakerDAO’s $5.89 . . . → Read More: Lido overtakes MakerDAO and now has the highest TVL in DeFi
By admin, on January 2nd, 2023
One of the original core developers behind Bitcoin (BTC), Luke Dashjr, claims to have lost “basically” all his BTC as a result of a hack that occurred just before the new year.
In a Jan. 1 post on Twitter, the developer said the alleged hackers had somehow gained access to his PGP (Pretty . . . → Read More: Bitcoin core developer claims to have lost 200+ BTC in hack
By admin, on January 1st, 2023
Bitcoin’s (BTC) volatility remained subdued in the final few days of the last year, indicating that investors were in no hurry to enter the markets.
Bitcoin ended 2022 near $16,500, and the first day of the new year also failed to ignite the markets. This suggests that traders remain cautious and on the . . . → Read More: These 4 altcoins may attract buyers with Bitcoin stagnating
By admin, on January 1st, 2023
Futures and options let traders put down only a tiny portion of a trade’s value and bet that prices will go up or down to a certain point within a certain period. It can make traders’ profits bigger because they can borrow more money to add to their positions, but it can also boost . . . → Read More: 3 ways crypto derivatives could evolve and impact the market in 2023
By admin, on January 1st, 2023
El Salvador, the first country to legalize Bitcoin (BTC), has been pushed down yet another spot in total crypto ATM installations as Australia records 216 ATMs stepping into the year 2023.
As part of El Salvador’s drive to establish Bitcoin as a legal tender, President Nayib Bukele had decided to install over 200 crypto . . . → Read More: Australia overtakes El Salvador to become 4th largest crypto ATM hub
By admin, on January 1st, 2023
Top Stories This Week Bankman-Fried may enter plea in NY federal court next week before Judge Lewis Kaplan
Former FTX CEO Sam Bankman-Fried is scheduled to appear in court on the afternoon of Jan. 3 to enter a plea on two counts of wire fraud and six counts of conspiracy against him in relation . . . → Read More: SBF to enter plea deal, Mango’s exploiter arrested, and Celsius news: Hodler’s Digest, Dec. 25-31
By admin, on December 31st, 2022
Bitcoin (BTC) kept traders guessing to the last minute into the 2022 yearly close as volatility remained absent from the market.
BTC/USD 1-day candle chart (Bitstamp). Source: TradingView BTC price: Where’s the volatility?
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD clinging to a familiar area around $16,500.
The pair continued to disappoint . . . → Read More: Bitcoin stays put with yearly close set to seal 60% YTD BTC price loss
By admin, on December 31st, 2022
2022 was supposed to be the year crypto went mainstream, with a significant chunk of traditional venture capital firms betting heavily on the ecosystem in 2021. However, with one disaster after another, 2022 turned out to be a catastrophic year for the nascent crypto ecosystem. Some of the biggest names touted as pivotal to . . . → Read More: Winners and losers of 2022: A disastrous year that saw few winners among a sea of losers
By admin, on December 31st, 2022
Bitcoin (BTC) and crypto will need until at least 2024 to “recover from the abuse of unscrupulous players,” says one of the industry’s best-known names.
In a blog post released on Dec. 30, David Marcus, CEO and founder of Bitcoin firm Lightspark, disappointed bulls with his outlook for the coming years.
Marcus: “Crypto winter” . . . → Read More: ‘Crypto winter’ won’t end in 2023 — Bitcoin advocate David Marcus
By admin, on December 31st, 2022
Ethereum founder Vitalik Buterin showed sympathy for competitor Solana (SOL) in a Dec. 30 tweet. He said that “smart people” tell him that Solana has “an earnest smart developer community,” and suggested that the opportunists who were involved with the project in the past have been “washed out.”
Buterin also expressed hope that . . . → Read More: Ethereum founder says he hopes Solana gets a ‘chance to thrive’
By admin, on December 30th, 2022
Investors have faced a tumultuous year in 2022 as stocks, bonds, and the cryptocurrency sector have all witnessed sharp declines. As of Nov. 30, the performance of a traditional portfolio comprising 60% stocks and 40% bonds has been the worst since 1932, according to a report by Financial Times.
The next big question troubling . . . → Read More: Price analysis 12/30: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI
By admin, on December 30th, 2022
Bitcoin (BTC) teased more volatility at the Dec. 30 Wall Street open with BTC/USD heading ever closer to $16,000.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Will new year deliver “long-awaited volatility?”
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD wicking down to lows of $16,337 on Bitstamp.
The pair had been gradually . . . → Read More: BTC price lurches toward $16K as stocks, dollar wobble in final session
By admin, on December 30th, 2022
Bitcoin (BTC) gains helped “Noodle,” a London-based Bitcoiner, to afford in vitro fertilization (IVF) treatments for his family. Noodle’s story comes to life in the latest edition of Cointelegraph’s Crypto Stories.
IVF treatments can be expensive, with success rates ranging from 4% to 38%, depending on various factors. Fortunately, profits from buying and . . . → Read More: Crypto Stories: How Bitcoin helped a couple start a family
By admin, on December 30th, 2022
December will likely be remembered by Bitcoin’s (BTC) fake breakout above $18,000, but apart from that brief overshoot, its trajectory was entirely bearish. In fact, the downward trend that currently offers an $18,850 resistance could bring the BTC price below $16,000 by mid-January.
Bitcoin/USD price index, 12-hour chart. Source: TradingView
A handful of reasons . . . → Read More: 3 reasons why Bitcoin is likely heading below $16,000
By admin, on December 30th, 2022
Bitcoin (BTC) may not be at a good value enough for a macro price bottom, according to analysis from CryptoQuant.
In a blog post on Dec. 29, a contributor to the on-chain analytics platform flagged one BTC price indicator with further left to fall.
Profitability indicator lacks key cross
At nearly 80% below all-time . . . → Read More: Bitcoin ‘not undervalued yet,’ says research as BTC price drifts nearer to $16K
By admin, on December 30th, 2022
Name: Mati GreenspanAnonymous: NoTwitter followers: 48,000Known for: The “face” of eToro for years, Greenspan is a rare moderate voice on Crypto Twitter.
Who is this guy anyway?
The friendly but cynical Mati Greenspan became a well-known crypto market commentator in publications such as Forbes, Bloomberg and The Wall Street Journal as a . . . → Read More: Mati Greenspan’s boss bribed him with 1 BTC to join Twitter: Hall of Flame
By admin, on December 30th, 2022
Ether (ETH) has been ranging near $1,200 since Dec. 17, but an ascending trend has been quietly gaining strength after 50 consecutive days.
The pattern points to $1,330 or higher by March 2023, making it essential for bulls to defend the current $1,180 support.
Ether/USD 1-day candle chart. Source: TradingView
The anxiously awaited . . . → Read More: Ethereum needs to defend $1,180 to sustain this 50-day ascending pattern
By admin, on December 30th, 2022
FTX founder Sam Bankman-Fried is reportedly cashing out large amounts of cryptocurrency soon after being released on bail, on-chain data suggests.
SBF has cashed out $684,000 in crypto to an exchange in Seychelles while being under house arrest, according to the on-chain investigation by DeFi educator BowTiedIguana.
Decentralized finance (DeFi) analyst BowTiedIguana took . . . → Read More: FTX founder reportedly cashes out $684K after being released on bail
By admin, on December 30th, 2022
Bitcoin advocate Nic Carter has released an in-depth analysis of centralized exchange proof-of-reserves and ranked the attestations provided by some of the most prominent crypto trading platforms in the space.
Carter published a detailed examination of the quality of several exchanges’ proof-of-reserves (PoR). The crypto executive used parameters such as attestation to assets held . . . → Read More: Nic Carter dives into proof-of-reserves, ranks exchange attestations
By admin, on December 30th, 2022
Galaxy Digital Holdings CEO Mike Novogratz has called the Helios mining deal a “transformative acquisition” for the firm as it works to increase its exposure to the Bitcoin mining sector.
The crypto investment firm’s $65 million acquisition of Argo Blockchain’s flagship mining facility was announced on Dec. 28 as part of Argo’s . . . → Read More: Mike Novogratz calls Helios a ‘transformative acquisition’ for Galaxy
By admin, on December 30th, 2022
The developers of Dogecoin (DOGE) have denied rumors that the network is immediately switching to proof-of-stake (PoS), saying that they are merely planning to release a proposal on the topic. The repudiation came on Dec. 29, from the Twitter account of Michi Lumin, principal engineer for the Dogecoin Foundation.
More info . . . → Read More: Dogecoin devs deny rumor of immediate PoS switch following community concern
By admin, on December 29th, 2022
According to a report published by state-owned daily news program Xinwen Lianbo on Dec. 29, Xiao Yi, the former Communist Party secretary of the City of Fuzhou, pleaded guilty to corruption charges in the Zhejiang Hangzhou Intermediate People’s Court. During his tenure as director from 2008 to 2021, Yi was accused of accepting over . . . → Read More: Chinese Communist Party official pleads guilty to helping Bitcoin miners
By admin, on December 29th, 2022
Bitcoin (BTC) staged a modest recovery on Dec. 29 as United States stock markets rebounded in step.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $10,000 BTC price targets stick
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering above $16,600 at the Wall Street open after wicking below $16,500 for a second day.
. . . → Read More: BTC price preserves $16.5K, but funding rates raise risk of new Bitcoin lows
By admin, on December 29th, 2022
When someone wants to buy Bitcoin (BTC), they usually take the route of a cryptocurrency exchange. Newbies may buy BTC on just any exchange they come across, while those with some sort of experience may opt for a reputable one. The exercise though bears little fruit as most exchanges function almost identically as centralized . . . → Read More: What is Swan Bitcoin and how does it work?
By admin, on December 29th, 2022
A newly elected pro-Bitcoin Prime Minister has taken office in the Pacific Islands of Fiji. The new leader, Sitiveni Rabuka, took the Fijian office on Dec. 24.
Lord Fusitu’a, a Tongan noble and a former member of the Tongan parliament, took to Twitter to share the news from his neighboring nation. Fusitu’a stated that . . . → Read More: Fiji elects pro-Bitcoin prime minister Sitiveni Rabuka
By admin, on December 29th, 2022
Software analytics company MicroStrategy recently added more Bitcoin (BTC) to the firm’s holdings. Members of the crypto community had mixed reactions to the move.
In a recent tweet, MicroStrategy’s executive chairman Michael Saylor announced that the firm had made another Bitcoin purchase. The move puts the firm’s total BTC holdings at 132,500 BTC, . . . → Read More: MicroStrategy Bitcoin purchase divides the crypto community
By admin, on December 29th, 2022
Bitcoin (BTC) is due to copy gold’s explosive 1970s breakout as it becomes the world’s “hardest asset” in 2024.
That was one forecasted from the latest edition of the Capriole Newsletter, a financial circular from research and trading firm Capriole Investments.
Bitcoin due big moves “and more” in 2020s
Despite BTC price action flagging . . . → Read More: Bitcoin price would surge past $600K if ‘hardest asset’ matches gold
By admin, on December 29th, 2022
MicroStrategy executive chairman Michael Saylor has shared his firm’s plans to release Bitcoin Lightning Network-powered software and solutions in 2023.
In a Twitter Spaces event on Dec. 28, Saylor shared that the company is exploring software and solutions that utilize the Lightning Network, such as solutions that “support” enterprise marketing as well as . . . → Read More: MicroStrategy to offer Bitcoin Lightning solutions in 2023
By admin, on December 28th, 2022
Bitcoin (BTC) is not about to bottom at just below $17,000, warns a new analysis as bid liquidity dries up.
In social media posts after Christmas, on-chain analytics resource Material Indicators flagged waning interest in protecting the current BTC price range.
Binance order book leaves “not much to be excited about”
With volatility still . . . → Read More: Bitcoin price bottom not in, data says as whale orders hit 2-year low
By admin, on December 28th, 2022
Gold has been an outperformer in 2022 compared to the United States equities markets and Bitcoin (BTC). The yellow metal is almost flat for the year while the S&P 500 is down more than 19% and Bitcoin has plunged roughly 64%.
The sharp fall in Bitcoin’s price has hurt both short-term and long-term investors . . . → Read More: Price analysis 12/28: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI
By admin, on December 28th, 2022
Steve Newcomb is a Silicon Valley veteran with a long list of achievements. He built software for trading energy in the 90s, was a pioneer in adding email to phones, and helped create the back end of the Bing search engine under Peter Thiel’s mentorship. Today, he heads up development for Berlin-based Matter Labs, . . . → Read More: ‘Make sure Ethereum wins’ — Steve Newcomb reveals zkSync’s prime directive
By admin, on December 28th, 2022
Cryptocurrency mining firm Argo Blockchain has taken a difficult decision to sell its flagship mining facility Helios in order to survive the ongoing bear market.
Argo Blockchain CEO Peter Wall officially announced on Dec. 28 a deal with Mike Novogratz’s crypto investment firm Galaxy Digital to sell the Helios facility for $65 million. . . . → Read More: Argo Blockchain sells top mining facility to Galaxy Digital for $65M
By admin, on December 28th, 2022
Publicly listed Bitcoin (BTC) miners sold off almost all of the Bitcoin they mined throughout 2022, leading to a debate over whether the sales created “a persistent headwind” for the Bitcoin price or not.
Analyst Tom Dunleavy from blockchain research firm Messari shared the data in a Dec. 26 tweet, indicating that approximately 40,300 of . . . → Read More: 100%: Public Bitcoin miners sold almost everything they mined in 2022
By admin, on December 28th, 2022
Arguments over whether gold or Bitcoin (BTC) is a better store of value continue to occur across the cryptocurrency space and in traditional investment circles.
On the latest episode of Bill Maher’s Club Random podcast, which aired on Dec. 26, billionaire owner of the Dallas Mavericks Mark Cuban advocated for Bitcoin being a . . . → Read More: Mark Cuban to Bill Maher: ‘If you have gold, you’re dumb as fuck… Just get Bitcoin.’
By admin, on December 28th, 2022
Fran Finney, the wife of crypto pioneer Hal Finney, has announced a charity event to benefit victims of amyotrophic lateral sclerosis (ALS). Discussing the event on Twitter, Finney encouraged Bitcoin (BTC) users to run a half marathon and share their experiences on social media between Jan. 1 and Jan. 10, 2023 to help . . . → Read More: Wife of Hal Finney announces Bitcoin charity event
By admin, on December 28th, 2022
Bitcoin mining firm Argo blockchain has suspended trading of its American depositary shares (ADS) on Nasdaq, according to a Dec. 27 press release. The company said it needed to suspend trading because of an announcement that will come on Dec. 28 and because the London Stock Exchange is closed on Dec. 27. Argo said . . . → Read More: Argo blockchain suspends trading on Nasdaq due to upcoming announcement
By admin, on December 27th, 2022
Bitcoin (BTC) is beating records this Christmas as sub-$17,000 price action sparks unrivaled pain for hodlers.
Data from on-chain analytics firm Glassnode shows that both short-term and long-term investors are sitting on more losses than ever before.
New or old, Bitcoin hodlers nurse serious losses
Since the FTX meltdown sent crypto markets tumbling, BTC/USD . . . → Read More: Bitcoin hodlers sit on record 8M BTC in unrealized loss, data shows
By admin, on December 27th, 2022
Bitcoin (BTC) ASIC miners — machines optimized for the sole purpose of mining Bitcoin — are currently selling at bottom-of-the-barrel prices not seen since 2020 and 2021, in what is being viewed as another sign of a deepened crypto bear market.
According to the latest data from Hashrate Index, the most efficient ASIC miners, . . . → Read More: Bitcoin ASIC miner prices hovering at lows not seen in years
By admin, on December 27th, 2022
Nonfungible token (NFT) firm Dust Labs is migrating its two top-performing Solana NFT projects — DeGods and y00ts — onto Ethereum and Polygon in a bid to expand their adoption.
The news was announced on DeGods and y00ts Twitter pages on Dec. 25, with both expected to be officially bridged onto Ethereum and . . . → Read More: DeGods and Y00ts NFTs are bridging off Solana: Here’s why
By admin, on December 27th, 2022
The Bitkeep exploit that occurred on Dec. 26 used phishing sites to fool users into downloading fake wallets, according to a report by blockchain analytics provider OKLink.
The report stated that the attacker set up several fake Bitkeep websites which contained an APK file that looked like version 7.2.9 of the Bitkeep wallet. . . . → Read More: BitKeep exploiter used phishing sites to lure in users: Report
By admin, on December 27th, 2022
The cryptocurrency markets are trading at record-low volatility as investors have largely stayed away during the holiday season. That could be because investors are unsure about the cryptocurrencies that could lead the next bull run.
Cumberland senior research analyst Steven Goulden said in a “Year in Review” report that he expects four “emerging narratives” . . . → Read More: Price analysis 12/26: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT
By admin, on December 26th, 2022
Bitcoin (BTC) hodlers are enjoying another day of zero volatility on Dec. 26 as hopeful forecasts se signs of a trend change.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Opinions diverge further over BTC price bottom
Data from Cointelegraph Markets Pro and TradingView confirmed more sideways action near $16,800 for BTC/USD on Boxing Day.
. . . → Read More: Bitcoin price volatility due within days, new take says as BTC flatlines at $16.8K
By admin, on December 26th, 2022
Bitcoin (BTC) accumulation is nearing a new milestone this Christmas as the redistribution of the BTC supply continues.
Data from on-chain analytics firm Glassnode shows that the total BTC balance of so-called “accumulation addresses” is nearing all-time highs.
“HODL-only’ BTC addresses climb closer to 1 million mark
Behind the scenes in the 2022 Bitcoin . . . → Read More: Bitcoin accumulation addresses near record 800K despite whale selling
By admin, on December 26th, 2022
Bitcoin (BTC) exchange users have forgotten all about the FTX scandal this Christmas, data shows.
According to on-chain analytics firm Glassnode, exchange outflows have now hit their lowest levels in over six months.
Still not your keys, still not your coins?
As Bitcoin volatility sets a new record low in what is being called . . . → Read More: Bitcoin exchange withdrawals sink to 7-month low as users forget FTX
By admin, on December 26th, 2022
For most crypto ecosystems, being compliant with federal sanctions have a negative impact on its global reach. However, when it comes to Ethereum, investors have significant power to decide the degree of compliance the ecosystem obeys.
Nearly 60% of all post-Merge Ethereum blocks comply with the United States sanctions put forth by the Office . . . → Read More: ETH staking on top exchanges contributes to Ethereum censorship: Data
By admin, on December 26th, 2022
The United States Securities and Exchange Commission (SEC) has requested to seal the infamous Hinman Speech documents, claiming that they are not relevant to the court’s summary judgment decision.
The Motion to Seal Summary Judgment Document was filed by the SEC on Dec. 22, requesting the sealing of various information and documents, most . . . → Read More: SEC seeks to keep Hinman documents hidden in Ripple case
By admin, on December 26th, 2022
Despite an eventful year fraught with crypto collapses and price drops, Steven Goulden, a senior research analyst at crypto trading firm Cumberland has pointed to several “green shoots” to break the surface in crypto in 2023.
In a 14-page “Year in Review” report released on Dec. 24, Goulden said he saw four “emerging . . . → Read More: 4 ‘emerging narratives’ in crypto to watch for: Trading firm
By admin, on December 26th, 2022
Hackers linked to North Korea’s Lazarus Group are reportedly behind a massive phishing campaign targeting nonfungible token (NFT) investors — utilizing nearly 500 phishing domains to dupe victims.
Blockchain security firm SlowMist released a report on Dec. 24, revealing the tactics that North Korean Advanced Persistent Threat (APT) groups have used to part NFT . . . → Read More: North Korean hackers stealing NFTs using nearly 500 phishing domains
By admin, on December 26th, 2022
Bitcoin’s network hash rate has returned to regular levels again, days after freezing temperatures across the United States put a strain on the nation’s electricity grid — leading to a temporary drop in hash rate.
In the days leading up to Christmas, bone-chilling temperatures swept across the United States, leading to millions without . . . → Read More: Bitcoin hashrate recovers after big freeze shuts down miners
By admin, on December 26th, 2022
2022 was brutal for cryptocurrency and nonfungible token (NFT) investors. Bitcoin (BTC) hit its yearly low on Nov. 21, almost exactly a year after it reached its all-time high price of $69,044. After such a tumultuous year, how should crypto investors plan for 2023?
Firstly, this space has critical risks worth considering before investing.
. . . → Read More: Time in the market: Ways to approach crypto investing in 2023
By admin, on December 25th, 2022
Cryptocurrency markets lack any signs of volatility going into the year-end holiday season. This suggests that both the bulls and the bears are playing it safe and are not waging large bets due to the uncertainty regarding the next directional move. This indecisive phase is unlikely to continue for long because periods of low . . . → Read More: Bitcoin and these 4 altcoins are showing bullish signs
By admin, on December 25th, 2022
Top Stories This Week SBF sent home after his parents put up their house to cover his astronomical bail bond
Sam Bankman-Fried will spend the holidays with his family in Palo Alto, California, after his parents secured $250 million in bail funds with the equity in their home. Among the conditions of the bail . . . → Read More: SBF sent home, FTX heads plead guilty, and Binance gets Voyager assets: Hodler’s Digest, Dec. 18-24
By admin, on December 24th, 2022
After a lackluster rise of crypto in 2021, which saw many new crypto millionaires and several crypto startups attain unicorn status, came the dramatic fall in 2022. The industry was plagued by macroeconomic pressures, scandals and meltdowns that wiped out fortunes virtually overnight.
As 2022 comes to a close, many crypto proponents are perplexed . . . → Read More: Xmas dinner table: What to tell your family about what happened in crypto this year
By admin, on December 24th, 2022
Bitcoin (BTC) entered the Christmas holiday period unchanged at $16,800 as an eerie lack of volatility persevered.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hopeful price target sees Bitcoin at $17,400
Data from Cointelegraph Markets Pro and TradingView confirmed another day of an almost imperceptible range for BTC/USD just below $17,000.
The pair had . . . → Read More: BTC price levels to watch as Bitcoin limps into Christmas under $17K
By admin, on December 24th, 2022
The recent bankruptcy filing of Bitcoin (BTC) miner Core Scientific despite a $72M relief offer from creditors raised questions about the overall health of the bitcoin mining community amid a prolonged bear market. Turns out, the public bitcoin miners owe more than $4 billion in liabilities and require an immediate restructuring to get out . . . → Read More: Public Bitcoin mining companies plagued with $4B of collective debt
By admin, on December 24th, 2022
From an outside perspective, 2022 has been a rollercoaster ride for crypto. The market reached a total valuation of $3 trillion during the bull market of 2021, only to scale back to its current level of around $810 billion. While this poor performance can be partly attributed to the pervading macroeconomic environment — compounded . . . → Read More: Santas and Grinches: The heroes and villains of 2022
By admin, on December 24th, 2022
The chaos we’ve experienced in global markets this year — global geopolitical upheaval magnified by the confluence of broken supply chains, inflation and heavy national debt loads — seems to signal the beginning of a new era. All of this is within the context of the United States dollar serving as the primary . . . → Read More: Economic frailty could soon give Bitcoin a new role in global trade
By admin, on December 24th, 2022
Password management service LastPass was hacked in August 2022, and the attacker stole users’ encrypted passwords, according to a Dec. 23 statement from the company. This means that the attacker may be able to crack some website passwords of LastPass users through brute force guessing.
Notice of Recent Security Incident – The . . . → Read More: LastPass attacker stole password vault data, showing Web2’s limitations
By admin, on December 23rd, 2022
Bitcoin (BTC) is on track to end the year with a loss of about 65%. This would mark the third negative year for Bitcoin, with the other two being 2014 and 2018. In comparison, the S&P 500 has fared much better, but it is also down close to 20% in 2022.
Although cryptocurrency prices have seen . . . → Read More: Price analysis 12/23: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI
By admin, on December 23rd, 2022
Bitcoin (BTC) saw a flicker of volatility around the Dec. 23 Wall Street open as the latest United States inflation data came in line with expectations.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin sees “crumb” of volatility on PCE
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly decoupling from solid sideways . . . → Read More: BTC price ignores US PCE data at $16.8K as Bitcoin rejects volatility
By admin, on December 23rd, 2022
Cryptocurrencies have suffered immensely in 2022 from the onslaught of a hawkish Federal Reserve and the implosions of crypto platforms FTX, Terra, Celsius Network, and others.
What were the most-searched cryptocurrencies in 2022?
Notably, the market valuation of all the cryptocurrencies combined has dropped 70% year-to-date (YTD) to nearly $770 billion, signifying massive capitulations by . . . → Read More: Top-five most Googled cryptocurrencies worldwide in 2022
By admin, on December 23rd, 2022
Cryptocurrencies like Bitcoin (BTC) could potentially find some mutually beneficial interactions with central bank digital currencies (CBDCs), according to one industry executive.
While crypto is often associated with financial freedom, the concept of CBDC is frequently seen as the exact opposite. But this doesn’t mean that there cannot be a balance between the . . . → Read More: How crypto could be good for CBDC and vice versa: Industry exec explains
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