Tag Archives: BTCEUR

The outspoken proponent of the cryptocurrency industry – Anthony Scaramucci – urged investors to ignore Berkshire Hathaway’s CEO Warren Buffett and the head of JPMorgan Chase – Jamie Dimon – who have criticized the digital asset sector numerous times. Scaramucci argued that these people had not done their “homework,” which is why they have not entered the crypto market. On the other hand, prominent investors such as Paul Tudor Jones, Stan Druckenmiller, and Steve Cohen had...

The newly developed processor for the proof-of-work algorithm can deliver up to 580 GH/s hash rate and can operate up to 26 J/TH power efficiency. The tech giant believes the new processing chip, Blockscale ASIC, will be a gamechanger that empowers blockchain applications to maintain decentralization via proof-of-work while asserting the principle of environmental sustainability. Scalability and Sustainability Intel, one of the largest semiconductor chips manufacturers in...

Frankfurt’s Central Office for Combating Cybercrime (ZIT) and the Federal Criminal Police Office (BKA) conducted a joint operation against the Russian Darknet Marketplace “Hydra Market.” The authorities shut down its server infrastructure and seized over $25 million worth of bitcoin. ‘Hydra Market’ is Down According to a federal police statement, German law enforcement agents “secured the server infrastructure of the world’s largest illegal Darknet marketplace Hydra Market...

Adrian Grenier – an American actor best known for his role as Vincent Chase in the TV series “Entourage” – opined that cryptocurrencies can “fix a lot of the systems that are broken currently.” He also defended bitcoin mining, which many criticize due to environmental concerns. ‘Crypto Can Fix Many Industries’ It is safe to say that in current times of post-pandemic crisis, military conflicts, and surging inflation, the global financial system needs a shot in the arm. A vast...

Bitcoin has calmed once again over the $46,000 mark, while some altcoins have reduced its dominance over the market with impressive gains. Terra is among those as LUNA soared by almost 10% in a day and charted a new all-time high at close to $120. Terra’s Latest ATH Most altcoins experienced enhanced volatility a couple of days ago, went back on the offensive yesterday, and have stalled today. Ethereum, for example, dipped to $3,300 before it shot up to just over $3,500...

Despite being up about 5% on the day, BTC’s price took a beating in the past couple of days. It appears that the bulls are attempting to retake control, although the shot at $47K from earlier today has so far been unsuccessful. Technical Analysis By: Edris Daily timeframe: Chart by TradingViewBitcoin’s price is struggling to recover, and it is still trading below the 200-day moving average. This level is one of the most common indicators to determine whether an asset is in a...

The California Macintosh and iPhone maker is in the process of ramping up its proprietary financial services technology and increasing Apple’s lending to iPhone users of Apple Pay. This is according to a Bloomberg report from earlier this week. The Cupertino high-tech giant sounds serious about the project, dubbing the effort “Breakout” and seeking to replace its fintech partners with in-house solutions and infrastructure to bolster payments processing, credit checks, and...

This week was nothing short of eventful from all ends of the spectrum. The market went through considerable volatility, fortunately – it was to the upside for the most part. One of the most popular NFT series – Azuki – also airdropped additional NFTs to its holders while the anticipation and hype more or less doubled its value. All this while Axie Infinity’s Ronin bridge was exploited for some $600 million in what can easily be the largest crypto hack ever. Let’s unpack....

The American politician and attorney serving as the junior United States Senator for Texas – Ted Cruz – introduced a bill restraining the Federal Reserve from launching a central bank digital currency (CBDC) directly to the broad society. The legislation was first submitted in January 2022 by Congressman Tom Emmer. Emer’s Bill Receives Support Public cryptocurrencies such as bitcoin are much different than centralized CBDCs. The latter are issued and monitored by a government...

After almost three months of consolidation, Bitcoin’s price finally broke out of the $33 – $46K range. The Daily Timeframe Technical Analysis By: Edris The price has broken above the $46K resistance zone following a parabolic move and is currently testing the 200-day moving average line (MA) amid $48K. This moving average is a significant trend indicator and if the price breaks above it, the trend would be considered bullish again. The next key resistance lies at the $52K...