Markets

Bitcoin’s price is approaching a significant level, which could prove decisive for the mid-term trend of the market. Although there are some positive signs on the technical charts, it remains too early to decide whether a new bullish phase is on the horizon. Technical Analysis By: Edris The Daily Chart: On the daily chart, Bitcoin’s price has been forming a large falling wedge over the last few months. The price has recently bounced back from the lower boundary of the pattern...

As it typically happens during the weekend, the trading volumes have gone down, which results in little-to-no price movements for BTC. Most altcoins are in a similar position, with a few exceptions. Dogecoin is among them, following a 6% daily increase. Bitcoin Boring at $17K Last weekend was quite dull in terms of price actions, and BTC spent most of it around $16,500. Monday started with a price drop towards $16,000, but the bulls intercepted the move and didn’t allow any...

Scams have been rampant this year despite the market slowdown. A new type of sneaky crypto scam with front-running scam bots on YouTube has shot up six-fold in 2022. These types of frauds attract users by posting advertisements on social media claiming to teach you how to make thousands of dollars of money in a day using a front-running bot. When clicked, these ads link users to a YouTube video showing how to create and deploy a front-running script to generate “profits.”...

Tiantian Kullander – Co-Founder of the crypto firm Amber Group – unexpectedly passed away in his sleep at the age of 30. The bear market negatively affected his firm, which had to dismiss around 10% of its staff earlier this year. In addition, Amber Group recently revealed it had been an “active trading participant” on the bankrupt crypto exchange FTX. It remains unknown whether his death has some connection to the aforementioned events.H However, he’s not the only one with...

The latest US job report brought some brief volatility for bitcoin, but the asset remained calm overall, around $17,000. Most altcoins are also quite stagnant now, and the only exceptions are UNI, LEO, and QNT. Bitcoin Calms at $17K Following last weekend’s lack of any volatility, bitcoin headed straight south on Monday, dipping to $16,000. The bulls stepped up at this point and pushed it north to almost $17,000. After a few days of being unable to break above that level,...

Embattled cryptocurrency exchange Zipmex is all set to be acquired by V Ventures, a subsidiary of Thoresen Thai Agencies Pcl, for $100 million. The venture capital fund is reportedly offering $30 million in cash, and the rest will be paid in crypto tokens. According to Bloomberg, V Ventures will acquire about 90% of Zipmex. The court hearing said crypto received from the agreement will be deployed to gradually unlock customers’ frozen wallets in the platform by early April....

The past seven days were filled with a lot of information as the situation around FTX keeps unraveling. The former CEO of the exchange – Sam Bankman-Fried, had multiple appearances, but they may have spurred more questions than they answered. Before we get there, though, it’s important to note that the market managed to add around $20 billion to its capitalization, which is a step in the positive direction. Bitcoin managed to gain 2%, while ETH is up a total of 6% in the past...

The world of cryptocurrency is facing multiple challenges on a daily basis, and it seems that they keep coming. One that’s particularly common and even fundamental for the majority of the projects and coins is their lack of fundamental, intrinsic value. This is the most commonly-used argument of crypto skeptics, and its proponents can be found in all corners of the business world. For instance, the head of the Bank of Korea said that cryptocurrencies are completely devoid of...

GoTo is the worst large tech IPO of 2022 after plunging for 10 consecutive sessions amid the global selloff.GoTo is the worst of the largest tech Initial Publis Offerings (IPO) this year, according to reports. The shares of the Indonesian startup plunged for 10 consecutive sessions as fears regarding an expiring lock-up heated up. GoTo’s post-IPO stock selloff makes it the worst-performing company among 11 internet and tech-inclined platforms that generated over $500 million in IPO listings...

In a recent interview, Brian Armstrong – the CEO of popular digital currency exchange Coinbase – commented that he “overestimated” bitcoin as a hedge against inflation, and he’s learning now – like so many other traders – that bitcoin is not yet ready or mature enough to handle the hard-hitting economic factors that the country has been facing over the last year and a half. Brian Armstrong Says He was Incorrect About Crypto In a podcast discussion, Armstrong commented: Frankly, I’ll admit,...