Ethereum and Bitcoin lost more than 2.5% within the past one hour as liquidations on exchanges surpassed $120 million. The massive liquidations fueled a bearish thesis among crypto investors. Crypto analysts trust Bitcoin will lose the support of $39,000 while ETH struggles beneath the $3,000 level. BTC and ETH struggle to overcome their closest resistances…
A unique study points out that the developers consider metaverse to be a space that may garner additional fame to sell as well as purchase crypto shortly. The respective study, which is commissioned on the behalf of Agora (an API provider), conducted a survey of the thoughts of nearly 300 developers regarding the metaverse. Agora’s…
Panelists explained their bullish stance about BTC during the latest podcast on Bitcoin Sessions. Experts revealed their optimistic attitudes despite the recent dip under the $40,000 mark. While publishing this content, Bitcoin traded at $40,456.45, gaining 0.67% over the past day (Coinmarketcap data). Mark Stephany, the theprogressivebitcoiner founder, briefed his bullish reasons for BTC. Stephany…
A prosecutor from Turkey is demanding 40,000-year imprisonment for 21 respondents linked to the crypto exchange named Thodex, as per the indictment submitted on Thursday. The Turkey-based Thodex declared in the previous April that the venue thereof had been briefly shut down to tackle the malfunction in the accounts of the firm whereas Faruk Fatih…
MATIC has its price nearing the demand zone at $1.44 – $1.53. Technical viewpoints and on-chain metrics support bullish actions towards $2. A 24hr candlestick close beneath $1.44 will cancel MATC’s bullish thesis. Polygon (MATIC) shows exhaustion signals, but the alt nears a steady support floor that might be crucial in catalyzing an upward move…
Evgeny Grabchak, Deputy Minister of Energy in Russia has suggested regulatory authorities to bring new regulations for cryptocurrency mining operations, as current “Vacuum” hinders economic potential. According to reports from several media outlets, the Deputy Minister of Energy, Evgeny Grabchak has asked the Russian government to bring fresh cryptocurrency mining regulations, promoting the legalization of…
According to multiple reports, the finance ministry of the United Kingdom will soon be releasing a new set of regulations, regarding the trading of cryptocurrencies in the region. New Crypto Regulations The United Kingdom is soon getting some fresh laws for cryptocurrency trading and operations, as reports suggest that the finance ministry will soon be…
Bengal Energy intends to mine BTC using energy discharged from “abandoned” gas reservoirs in response to the increase in BTC mining this year. Bengal Electricity, an oil and gas firm in Canada, plans to invest in cryptocurrency mining operations using power from “abandoned” gas reservoirs. The company aims to install 70 Bitcoin mining machines within…
The leading digital asset has kept its gains in the last seven days, and its price is $47.5K as of this writing, only losing a little above 0.15% over the previous 24 hours. While many analysts are confused about its next price movement, nearly 56K investors are confident that BTC’s price will be slightly over…
Greenpeace and Ripple’s “change the code” campaign came off the BTC community in the wrong way, and the BTC community has been reacting since the campaign started yesterday. Bitcoiners saw the campaign as slander on the Bitcoin network, and they have been responding ever since. Responses From Various BTC Advocates. While many of these responses…
Algorand hovers at $0.796 after kick-starting its 60% upswing. Enthusiasts can expect the alt to extend its leg-up to $1.1, with an impending upside rally. A daily candle close under $0.675 will form a lower low, invalidating ALGO’s bullish thesis. Algorand launched a recovery move with colossal upward potential after finding a dependable support level…
Regarding the announcement made by its Prime Minister, the United Arab Emirates (UAE) has recently initiated new laws and proper regulations regarding digital assets in the region. Vice President and Prime Minister of Dubai, Sheikh Mohammed bin Rashid Al Maktoum made an announcement recently, stating that the government has now given approval to digital asset…
A study by BlockFi disclosed that women from the United States have begun moving toward crypto as one-third of the participants expressed intention to purchase virtual assets till 2022’s end. BlockFi – the crypto lending venue – surveyed more than 1,000 U.S. women to find their sentiments and awareness regarding the sector of virtual assets….
Russian BTC (Bitcoin) miners are reportedly doing their operations normally despite the authorities’ invasion of Ukraine. As per the assessments made by the Cambridge Bitcoin Electricity Consumption Index, the Russian miners were responsible for nearly 11.2% of the BTC hash rate across the globe till 2021’s August. It is up till now ambiguous how the…
A mobile-based forum for the play-to-earn type of fantasy esports platform, Stattrak, has initiated Bitcoin rewards in collaboration with a fintech developer (offering Bitcoin services to the gaming companies) called ZEBEDEE that integrates Bitcoin (BTC) economies into digital worlds, as per a press release. The target of Stattrak is to provide a matchless experience of…
As authorities in the top Swiss city (Lugano) desire that the city become a regional crypto hub, they have made several cryptos (especially BTC and ETH) a legal tender. The Announcement During a March 3 live-streamed event titled “Lugano’s Plan B,” Pietro Poretti confirmed the news that has been making rounds for a while now….
Though the financial space saw various risk factors over the past month, Waves token managed to double its value. Today, 3 March, WAVES traded at $18.14, after a 1.85% increase over the past day. Moreover, the token remains 106.91% high within the past week, its market cap standing around $1.9 billion at this publication. Contrarily,…
MicroStrategy’s chief, Michael Saylor, has said that war and inflation increase the appeal of BTC. The billionaire tweeted this in the wake of the invasion of Ukraine by Putin’s Russia. BTC Will Appear More Attractive In a tweet on Thursday, Michael Saylor said the economic fallout of the crisis would make Bitcoin even more appealing…
On Saturday, BTC’s market cap hit the $755B mark for the first time in seven days after its price hit the $40K level. This week the crypto market volatility rose, with the top digital assets surging by over 21% in the last few days. Increased BTC Accumulation The news of Russia’s invasion of Ukraine pushed…
As Russia’s invasion of Ukraine continues to affect global financial markets, including the crypto market, crypto analysts at Grayscale Investments have shared their opinion on the long-term effects of this war for crypto investors. Grayscale (a crypto asset management firm) tweeted the lengthy blog post to benefit their huge Twitter followers. Why Did The…