During the past 24 hours, Bitcoin tanked to $15,100, but it has recovered since then and trades around $15,400. Most high and mid-cap altcoins have outlined substantial gains and have reduced BTC’s dominance to below 64%. Bitcoin Price Slides But Recovers After peaking at nearly $16,000 last week, Bitcoin has struggled with maintaining such a high price tag. It dropped below $14,300 a few days after, but managed to initiate a false breakout towards $15,800 when news broke...
Read More »Bitcoin Price Analysis: BTC Eyes More Upsides Above $16K
Bitcoin price started a strong increase above the $14,000 and $15,000 resistance levels against the US Dollar.The price is now trading well above the $15,000 support and the 55 SMA (H4).There is a key bullish trend line forming with support near $15,050 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could correct a few points, but there are high chances of more upsides towards $16K.Bitcoin price is showing bullish signs above the $15,000 zone against the US...
Read More »Yes, Monero Was Attacked… But No, It Was Not “Broken”
A few days ago, a mysterious Twitter user claimed to have found the magic formula to crack Monero. Fireice_UK shared a web address that “revealed” personal information of several Monero users, even including their sexual preferences. “Anonymous” cryptocurrency #Monero broken. https://t.co/M2tDXFzpLb You can now check how many paedophiles thought it is private today. 100 new IP addresses, transaction details and user’s porn preferences published every day.#SaveTheChildren...
Read More »Uniswap TVL Tops $3 Billion But Farms Closing Soon, What Will Happen to UNI Prices?
The milestone comes as TVL across all DeFi protocols hits a record high of $13 billion according to Defi Pulse. So far this month, over $2 billion has been added to DeFi protocols in terms of dollar value crypto collateral, but some of that may be attributed to the increase in Ethereum prices. In terms of ETH, there is now 8.5 million, or 7.5% of the total supply, locked in DeFi and 3.3 million ETH on Uniswap alone. Uniswap, The King of DeFi Uniswap remains at the top of the...
Read More »Hong Kong Seeks to Regulate All Future Crypto Activity
Hong Kong says that it is looking to regulate all crypto activity from here on out. This is a massive distancing of itself when compared with the activity occurring in mainland China, which has largely sought to ban crypto activity outright.Hong Kong Is Changing Its Attitude Towards CryptoHowever, Hong Kong is looking to be a separate entity given the amount of protests regarding Chinese government interference that has taken place over the last two years. Thus, it makes sense that whatever...
Read More »Bitcoin Price Analysis: 3 Bearish Signs Suggest $14.6K Retest is Coming
Bitcoin is currently resting along the support of what appears to be an early ascending triangle. Although this pattern is typically a bullish continuation formation, there are 3 concerning factors that suggest BTC prices are about to tumble. (1) There’s substantial divergence on the 4-hour RSI that indicates the current trend is particularly weak (yellow line on indicator). (2) Prices are now pushing sideways after yesterday’s failed attempt to close above the former close...
Read More »Square Earned a Lot of Bitcoin-Related Profit During Quarter Three
Square – a company owned and operated by Twitter mogul Jack Dorsey – says that approximately 80 percent of its quarter three Cash App revenue came from bitcoin and related crypto transactions.Square Is Making A Huge Mark on Crypto Enthusiasts EverywhereSquare has been making a serious mark in the crypto world as of late given that it recently bought as much as $50 million worth of the digital currency, continuing a trend that was originally started by the likes of enterprises like...
Read More »Ethereum 2.0 ist am Start
Ein neuer Meilenstein für Ethereum: Das Netzwerk ist fast bereit für die Aktualisierung auf Ethereum 2.0. Die wichtigste Änderung ist der Wechsel vom Nachweis der Arbeit zum Nachweis der Beteiligung. Von nun an ist es möglich, Transaktionen zu validieren, indem man den Nachweis erbringt, dass man mindestens 32 Ether hat. Damit das neue Netzwerk starten kann, sollte die Absteck Adresse insgesamt...
Read More »Wall Street lobt den Wert von Bitcoin
Charging Bull, auch als Wall Street Bull oder Bowling Green Bull bezeichnet, ist eine Bronzestatue von Arturo Di Modica (* 1941), die im Bowling Green Park im Financial District in Manhattan, New York City steht. Sie wurde ursprünglich als Streetart aufgestellt. Bitcoin hat sich in diesem Jahr stark erholt, und dies wurde von einer Reihe renommierter Investoren an der Wall...
Read More »PayPal Says It Will Incorporate Venmo Into Its Crypto Systems
As we all know by now, PayPal has announced that it’s planning to allow users to buy digital currencies through it’s platform. In addition, people can pay for goods and services with digital currencies. However, it appears the platform is also really looking to expand its overall crypto presence.PayPal Says Venmo Is ComingThis has been established in the fact that it has acquired a conditional Bit License and that it’s looking to potentially purchase Bit Go and other crypto custodial firms,...
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