Markets

Bitcoin has bounced off from the recent lows and added about $2,000 at one point, but the trading volume still remains relatively low. The alternative coins are untypically stable since yesterday. However, there’re a few exceptions, including an impressive surge by EOS following a significant announcement from Bullish. Bitcoin Took a Swing at $34K The past several days didn’t go well for the primary cryptocurrency. The asset was trying to break above $35,000 on Wednesday, but...

As bitcoin continues to tank hard, Ethereum just keeps picking up steam. There are many financial analysts out there that seem to think the world’s second largest cryptocurrency by market cap will soon rise to the occasion and potentially overtake the entire space. Ethereum Is Moving Up the Ladder Bitcoin has fallen – once again – to about $32,000 per unit, meaning it is now trading for half its mid-April value. The currency has undergone one of its biggest corrections...

Bitcoin failed to produce any notable gains over the past week, and the same can be said about the entire cryptocurrency market. It appears that the most recent regulatory clampdown in China and talks of legislation in other countries continue to take their toll. At the time of this writing, BTC is trading at around $33,500, which is more or less exactly where it was last Friday. It started pushing forward over the past weekend, but the advance was halted on Monday, at around...

[Featured Content] It is not unusual for blockchain and crypto-related firms to burn off a portion of their token supply. Token supply is regulated within the crypto market according to demand and supply and firms often burn off a portion of their supply to ensure that the tokens in the market do not exceed a certain number. This, in turn, ensures a healthier and more robust ecosystem. The latest of these companies to announce a token burn is Crypterium, a prominent crypto...

As mining difficulty increases in proportion to how many miners there are on the network, mining has become an increasingly exclusive club.The cryptocurrency industry is impossible to define. As soon as you think you can pin it down, it will surprise you. Perhaps more than any other major industry today, cryptocurrency is an industry of non-stop change. Nothing is ever settled, there is nothing written in stone. Platforms and projects that were on top of the world yesterday find themselves at...

AEC is not the first firm to repurpose a landmark of modern industry to generate cryptocurrency.Mechanicville, New York’s hydroelectric plant, has now been repurposed for Bitcoin mining. The plant owned by Albany Engineering Corp (AEC) is touted to be the oldest renewable energy facility in the United States.Built in 1897, the hydro-plant has suffered serious setbacks. In 1986, the National Grid brought in AEC to help revamp the plant. The deal would see them buy back energy from AEC at a...

The launch of Richard Branson into space has made the financial market buzzing with excitement around Virgin Galactic shares. The investors seem to have expressed their excitement following the news of CEO Richard Branson‘s journeying into space which had made Virgin Galactic Holdings Inc (NYSE: SPCE) shares skyrocket by 17.30% to $52.69. Now in the pre-market, the stock is 0.89% down, trading at $52.22.The launch would be beneficial for space tourism and requires much more effort before...

The American electronics engineer and philanthropist – Steve Wozniak – highlighted Bitcoin as a mathematical phenomenon. He went even further, saying the primary cryptocurrency is better than gold. Steve Wozniak Amazed by Bitcoin The co-founder of the multinational tech giant Apple – Stephen Wozniak – showed his sympathy towards digital assets and particularly bitcoin in a recent presentation at the Talent Land Jalisco, Mexico. The engineer, also known by his nickname “Woz,”...

[PRESS RELEASE – Berlin, Germany, 9th July 2021] ⦁ SMT will power liquidity on Swarm Markets⦁ Community to set SMT price Berlin-based Swarm Markets today announces it will launch its first token, SMT, to power liquidity on the world’s first BaFin-regulated DeFi exchange. The SMT payment token offers rewards to people staking liquidity and 50% discounts on protocol swap fees for those trading on the platform. The more SMT held, the greater the discounts and rewards available....

Bitcoin cash price started a fresh decline after it failed to surpass the $550 resistance against the US Dollar. The price is now trading below the $500 support and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $510 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it fails to stay above the $465 support zone. Bitcoin cash price is slowly moving lower...