Bitcoin (BTC)

Bitcoin’s price shot up in the past couple of hours in two massive consecutive green candles, leaving bears underwater and attempting to reclaim the coveted $40K level. Over the past two hours, bulls took complete control of the market momentum and managed to push BTC’s price to almost $40K (on Binance). This comes following a couple of green days after BTC dropped to $33K yesterday, charting a recovery of almost 20% in the interim. Source: TradingView In the meantime, data...

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Trust Machines, a new venture co-founded by Stacks inventor Muneeb Ali and Princeton University Computer Science professor, JP Singh, has recently raised $150 million to expand the Bitcoin ecosystem as a Web3 platform. Bitcoin to Become a Web 3 Platform In a press release shared with CryptoPotato, the company noted that its goal is to create the largest ecosystem of BTC-based applications that “unlock Bitcoin’s potential as a final settlement layer for computing platforms and...

Bitcoin cash price started a fresh decline below the $320 support against the US Dollar. The price is now trading below the $285 zone and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $290 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if there is no upside break above $300. Bitcoin cash price is showing bearish signs below $290 against the US Dollar,...

Crazy Horse 3 – a strip club in the middle of Sin City (that’s Las Vegas, Nevada) has agreed to accept crypto payments for lap dances and many of the club’s services. Crazy Horse 3 Is Willing to Accept Crypto The whole point of crypto was to be able to pay for everyday items and services. Many digital assets – such as bitcoin – were initially created to push things like credit cards, checks, and fiat currencies to the side, though this has been an extremely slow journey...

El Salvador – the first country to make Bitcoin legal tender – is now home to a Bitcoin education center. It aims to boost familiarity with the technology and benefits of cryptocurrency among a population still scratching their heads over it. Educating El Salvador The new center has been launched by Paxful – a peer-to-peer Bitcoin marketplace – under the name “La Casa Del Bitcoin”. It will provide “free and accessible learning opportunities” surrounding Bitcoin while helping...

New York offers many shuttered coal plants and cheap energy. This makes it a top spot for miners and anyone looking to set up crypto extraction businesses. However, there are many environmentalists out there that want New York to work against crypto and ban the process of adding it to the blockchain. New York and Crypto Don’t Always Go Together Environmentalists have been arguing for years that mining bitcoin is somehow harmful to the world’s atmosphere. They state that...

The technical indicators are showing weakness in the short term. The onchian activity of retailers as a reaction to volatile market is still rising. This can be translated to the high probability of a side chopping market in the mid-term. In a low trade volume phase, such as the current market condition, capitulation events are expected more than ever. Technical Analysis By: Grizzley Long-Term: On the daily timeframe, the recent uptrend was stopped by touching the low band of...

Anton Siluanov – Russia’s Minister of Finance – believes local financial institutions should have a universal license to facilitate cryptocurrency trading services. His viewpoint stands far from the central bank’s proposal to impose a complete ban on all digital asset endeavors. Another Vote in Favor of Regulation A few weeks ago, Russia’s central bank urged the local government to impose a blanket ban on all digital asset endeavors inside its borders. The institution argued...