Markets

The cryptocurrency market continues to be untypically calm, with bitcoin failing to make a decisive move while still standing above $40,000. Most of the altcoin space is in a similar position, except for Filecoin, which soared by double digits. Bitcoin Stands Still at $40K It was just over ten days ago when the primary cryptocurrency failed at $47,000 and started its gradual descent. In a matter of days, the asset found itself dropping to $45,000 and $43,000. Somewhat...

El Zonte in El Salvador is known as “Bitcoin Beach.” It’s a relatively small location in a country that very few people could point out on a map. However, it’s doing a lot for the world’s number one digital currency by market cap in that it’s allowing the asset’s name to grow and enter mainstream status. El Zonte Is Becoming One with Bitcoin Many businesses in El Zonte – which has become a tourist town – accept BTC as a method of payment. It was one of the first regions...

Over the past week, the price of bitcoin has been plummeting with strong bearish momentum, resulting in a break below the 50-day and 100-day moving averages lines on the daily timeframe, indicating that the bears are presently in control of the market. Long-Term: The Daily Chart Technical analysis by Shayan However, the recent price action suggests that the negative momentum had weakened. The price experienced a short-term bullish leg towards $41.6K, which got rejected. But...

[PRESS RELEASE – London, UK, 12th April 2022] Cult DAO, a community-driven decentralized autonomous organization, published recent data on its hyper-deflationary CULT token, gaining the necessary traction and volume to overcome an initial stage of anonymity. These math-backed revelations are scattering away any remaining doubts that CULT is a meme coin. On the contrary, it shows the token’s ambition to challenge the most powerful cryptocurrencies in the market hierarchy....

[PRESS RELEASE – South Bend, Indiana, 12th April 2022] In an exciting collaboration between Bureau of Magic (BoM) and SIMBA Chain – showing how blockchain technology is reshaping customer engagement in the entertainment sector – BoM is set to launch its upcoming NFT collection Passport to Oz through SIMBA Market’s NFT Marketplace. Under the partnership, BoM will leverage SIMBA Chain’s blockchain infrastructure expertise to create a novel and engaging customer experience....

This week was entirely unproductive for cryptocurrency bulls as the market took a beating and Bitcoin collapsed to $40K. And yet, it appears that the entire world was focused on another exciting event – Elon Musk’s proposition to buy Twitter and take it private. First things first, the cryptocurrency market lost some $160 billion over the last seven days and collapsed below the important level of $2 trillion. This was largely because of Bitcoin’s drop to $40K. It all started...

A federal judge has ruled that a class-action lawsuit against Coinbase, one of the largest and most popular digital currency trading platforms in the world, can move forward. Coinbase Will Soon Find Itself in Court Coinbase is easily one of the biggest crypto exchanges out there. At the time of writing, it has a valuation of more than $40 billion, yet for one reason or another, it doesn’t not seem to have a customer service department. The company has been hit with...

Phemex Business Development Director of Global Markets, Federico Variola, spoke at the Paris Blockchain Week Summit that took place on April 13th and 14th, 2022. This event featured: More than 3000 attendees, 70 sponsors, 250 speakers and 100 media partners Participants were able to find crypto experts and partners for further business development Participants were able to establish business cooperation with the largest platforms Federico Variola spoke about the new...

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Two of India’s largest crypto exchanges – CoinSwitch Kuber and WazirX – have halted deposits in Indian rupees citing regulatory problems, triggering a wave of angry protests by investors on social media. It comes two days after Coinbase halted deposits in Indian rupees on Sunday, barely 3 days following its launch in India on April 7. The regulatory problem mentioned by these exchanges is a euphemism for the denial of instant retail payments services through the Unified...