Bitcoin (BTC)

A new report suggests that bitcoin had its best January since 2013 (ten years). The currency rose by nearly 40 percent and incurred a $7,000 hike to its price. Bitcoin Posts Its Best January Results Since 2013 Bitcoin has its worst year (arguably) in 2022. After hitting a new all-time high of $68,000 per unit in November of 2021, the world’s number one digital asset by market cap began trekking a bearish path that ultimately saw it lose more than 70 percent of its value...

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« Mercredi soir à 21h30, rendez-vous pour le 19ème épisode du Space Kek ! Après deux épisodes sur le Lightning Network, nous retournons sur le L1 et discuterons confidentialité et analyse on-chain. Dans un premier temps, nous détaillerons les différentes métriques d’analyse existantes, ainsi que les indicateurs permettant de quantifier le niveau de confidentialité. Puis nous verrons ensemble comment...

ADA price is correcting gains from the $0.422 zone against the US Dollar. The price is now trading above $0.395 and the 55 simple moving average (4-hours). There is a major contracting triangle forming with support near $0.395 on the 4-hours chart (data feed via Bitfinex). The price could gain resume its increase if it stays above the $0.395 and $0.384 support levels. Cardano price is correcting lower below $0.412 against the US Dollar, similar to bitcoin. ADA price...

Tim Berners-Lee – the inventor of the World Wide Web (WWW) – believes cryptocurrencies are “dangerous” and investing in them is similar to gambling.  However, he argued they could be useful for conducting transactions if converted into fiat when received. Not a Crypto Fan In a recent appearance on CNBC, the British computer scientist best known for creating the World Wide Web – Tim Berners-Lee – warned investors to stay away from cryptocurrencies as they are “speculative” and...

According to the latest edition of CoinShares’ weekly report, outflows in digital asset investment products reached $32 million last week, a level not seen since late December 2022. The sentiment could be attributed to exchange-traded product (ETP) investors being less optimistic about recent regulatory pressures in the US relative to the wider market. Bitcoin Bears the Brunt Outflow figures surged to $62 million the mid-way through last week, even as the sentiment improved...

South Korea’s “Kimchi Premium” – a metric showing crypto’s price difference in global exchanges and such located in the Asian nation – went into a discount territory for the first time since January 18. This indicates that buying digital assets, such as bitcoin, is cheaper on Korean platforms than on Binance or other leading players, usually meaning that local users’ interest has declined. Flipping to Discount The “Kimchi Premium” – a phenomenon bearing the name of a...

The state of New York is moving towards accepting a new bill that if passed, would allow crypto to be used as a form of payment. Is New York Suddenly a Crypto Fan? This is huge for the Empire State in that it would not only put New York on the crypto map, but it would also ensure crypto – at least within the state’s borders – is utilized for the purpose it was created for. The bill states: This act amends the state finance law in relation to allowing New York state...

Is bitcoin now the world’s most hated cryptocurrency? According to a new survey, while it may not be number one yet, the asset is heading up there. People Don’t Love Bitcoin as Much The price of bitcoin has endured numerous punches over the last 12 months. The world’s number one digital currency by market cap rose to a new all-time high of about $68,000 per unit in November of 2021, and it felt like the asset was on top of the financial ladder for good. Nothing could...