Crypto news

Mike McGlone – Senior Commodity Strategist at Bloomberg – argued that the crypto winter might last longer than previous market declines and the reason for it is the “Fed’s sledgehammer.” In the next few years, though, he expects the industry to emerge stronger than ever, with Bitcoin tapping $100,000 and Ethereum trading at $6,000 by 2025. He also touched upon “The Merge,” claiming that the event got “too hyped,” which is now causing short-term pain to investors. He also...

Andrew Bragg – an Australian Liberal Senator for New South Wales – drafted a bill that could put the local cryptocurrency sector under strict supervision. If accepted, the legislation will require digital asset exchanges and stablecoin issuers to disclose their operations to authorities, while Chinese banks dealing with digital yuan in Australia will also face enhanced scrutiny. Australia Should Move Fast In a recent speech at the Blockchain Associations Forum, Senator Bragg...

A hacker managed to steal $3.3 million worth of cryptocurrencies from several Ethereum addresses generated with the “Profanity” tool. The funds were drained even after the decentralized exchange aggregator 1inch warned users about discovering a severe vulnerability putting millions of dollars at risk. It had previously advised users owning wallet addresses generated with the Profanity tool to transfer their assets to a different wallet. 1inch Security Report In early 2022,...

Robert Kiyosaki – author of the famous personal-finance book “Rich Dad Poor Dad” – has come out with another enthusiastic statement in support of cryptocurrency. The author listed 7 reasons why his followers should invest in Bitcoin and precious metals – centered around the United States government’s current financial position. How the U.S. Dollar Dies As reads Kiyosaki’s tweet, the first reason to invest in Bitcoin is that the U.S. “borrows too much money.” According to the...

Nicholas Merten – a veteran cryptocurrency analyst and founder of DataDash – has called for Bitcoin to sink to $14,000 following its plunge below $19,000 over the weekend.  The analyst cited both technical and macroeconomic factors, including an indicator that he calls “absolutely damning” for Bitcoin’s price.  Deeper Waters for Bitcoin? In a video published on Monday, Merten pointed out that Bitcoin’s 200-week moving average (WMA) has turned into a level of price resistance,...

After Ethereum’s switch to a proof-of-stake, the bears took control of the market. Investors have turned away from high-risk assets like equities and cryptocurrencies. The ETH weekly candle closed at $1,334 yesterday, which is a new low. Technical Analysis By Grizzly The Daily Chart The price is currently down 27% from the high of $1,789 reached on September 11th. The lowest level touched in today’s session is $1,280, which is just above the 200-week moving average (in...

[PRESS RELEASE – Please Read Disclaimer] At 06:43 (UTC) on Sept. 15, 2022, Ethereum completed its merge at the block height of 15,537,393 and officially switched to the proof-of-stake consensus mechanism. From then on, Ethereum bid farewell to the seven-year proof-of-work (PoW) mining era. At the same time, Ethereum had officially hard forked from Ethereum, retaining the PoW consensus. As the network token ETHW of the Ethereum forked chain, it has been actively opened for...

Free Will – a philanthropic enterprise that engages in estate planning – says it’s established what it’s calling “Crypto for Charity” to ensure that all future crypto transactions and donations come with no fees. This means anyone that sends crypto to a non-profit on the firm’s roster will not be required to pay any more additional monies other than what they intend to give to the charitable cause. Free Will Makes Crypto Donations More Cost-Effective CEO of Free Will...

On the nervous global backdrop, the much anticipated “Merge” eventually transpired as a sell-the-news type of event. Cryptocurrencies suffered fresh declines in the wee hours of Monday morning. The global market cap fell to $909 billion, with a trading volume of $79.54 billion over the past 24 hours. Major assets such as Bitcoin and Ethereum slid below $19k and $1.3k, respectively, recording double-digit losses in the past day alone. With the palpable nervousness across...

[PRESS RELEASE – Please Read Disclaimer] An NFT gaming project full of utilities is preparing for its public mint. Sure, you have heard the same thing a lot of times, “a new project with utilities” and whatnot, but this is not like your regular project. Prime Aeternas is an under-development trading-card, play-to-earn, quest-based game on the Ethereum blockchain. What sets it apart from other gaming projects is its Quest mode which is the space for a tournament linked to...