Crypto news

Bitcoin’s recovery attempts continue with the asset aiming to overcome $38,000. Most alternative coins have produced even more significant gains since yesterday. Ethereum is up by 7%, while Solana has jumped by 8%. Bitcoin Eyes $38K Ever since bitcoin failed to breach $39,000 on Wednesday, as the Federal Reserve said it will increase the interest rates in March, the asset was unable to display any notable gains. In fact, it dropped to $35,500 hours after the Fed meeting and...

Google Cloud, Google’s online data storage services division, is increasingly focusing on decentralized technologies and announced the creation of a team to focus on building products on the blockchain. There are already other initiatives currently using blockchain technology to offer cloud storage with Filecoin and Sia at the forefront. Both use a blockchain protocol to connect those who need storage and are willing to pay a share to get it and those who can offer some of...

Der kontaktlose Ausweis zur Bargeldabhebung am Geldautomaten 2005 fingen zahlreiche Länder an, kontaktlose Identitätsdokumente und elektronische Pässe auszustellen. Der ursprünglich dafür vorgesehene Chip verfügte jedoch nicht über die NFC-Technologie („Near Field Communication“). Der Einsatz solcher Dokumente war auf Systeme mit komplexen elektronischen Lesegeräten für Ausweisdokumente beschränkt, die sich in der Praxis als ungeeignet erwiesen und...

According to data from IntoTheBlock, addresses holding BTC for less than a month decreased their supply as bitcoin slid by $10,000 in less than a week. Bitcoin went through one of its worst corrections in terms of its USD value in the past few weeks. The asset traded above $43,500 on January 20th before it dumped by over $10,000 to a six-month low beneath $33,000. During such turbulence, history shows that long-term BTC holders tend to stick to their positions. Some even buy...

The most recent price plummets in the cryptocurrency market have not deterred large investors from accumulating more portions of certain assets. This became evident for Cardano’s native token, as on-chain data revealed that some ADA wallets have more than doubled their holdings in less than two weeks. ADA Appetite Increases With Lower Prices It’s safe to say that the cryptocurrency space went through a steep correction since the middle of January, wiping more than $500...

Greenidge Generation Holdings – a crypto mining firm in Dresden, New York – says it’s going to invest approximately $264 million to establish a new data center in Spartanburg County in the state of South Carolina. The new center is slated to bring around 40 new jobs to the region. Greenidge Is Heading to S.C. Governor Henry McMaster stated in a recent interview: South Carolina is transforming into a hub for tech-focused companies, and we welcome Greenidge Generation to...

MicroStrategy – the software giant that has made a name for itself purchasing bitcoin over the last year and a half – says that despite bitcoin falling to new price lows this week, the company is going to continue its BTC buying habits and it will likely purchase even more of the world’s number one digital asset in 2022 than it did last year. MicroStrategy Is Planning to Continue Buying BTC Chief financial officer Phong Le stated in an interview: Our strategy with...

Centrifuge – a decentralized asset financing protocol –  just won an auction for a parachain slot on Polkadot. Like other parachains from Polkadot’s second group of parachain auctions, it is expected to launch on March 11th. Centrifuge Meets Polkadot The protocol announced its auction victory in a blog post on Thursday. The team says they are “all systems go” to bring its functionality to Polkadot. Centrifuge is used to bridge non-digitally native, real-world assets into...

Considering the technical and on-chain data, a possible bounce back in the short term is possible. Though, in an uncertain environment from the macro perspective, a strong price recovery seems less likely. Technical Analysis By: Edris Daily timeframe: The downtrend in Bitcoin’s continues as we approach the bulls’ last stronghold. The daily chart shows that the price has been consolidating extensively over the previous year. We are currently moving down towards the lower band...

The prices of the world’s major cryptocurrencies – including bitcoin and Ethereum – have crashed this week. Bitcoin, for example, has fallen below $33,000 per unit, while Ethereum is down to about $2,300. At the center of all this is a new executive order that Joe Biden is set to issue. The order will ask the Fed and other financial agencies in the U.S. to look at cryptocurrency and determine the risks and opportunities that come with the space. The U.S. Is Looking to Implement New Crypto...