For years, cryptocurrency advocates have touted the world-changing capability of digital currency and blockchain technology. Yet with the passing of each market cycle, new projects come and go, and the promised utility of these “real-world use case” projects fails to satisfy. While a majority of tokens promise to solve real-world problems, only a few achieve
Month: April 2022
The total crypto market capitalization has been holding a slightly ascending trend for the past 3 months and the $1.75 trillion support was most recently tested on April 27 as Bitcoin (BTC) bounced at $38,000 and Ether (ETH) at $2,800 on April 27. Total crypto market cap, USD billion. Source: TradingView The crypto market’s aggregate
Over the weekend, Climate Replay, which comprises of developers from Mojang Group, the maker of the popular Minecraft series, posted a pledge regarding the responsible integration of nonfungible tokens, or NFTs, and digital currencies, into gaming. “Games give us hope in a world that is increasingly uncertain. They help us unlock our creative potential and
The deposit contract for staking Ethereum (ETH) on the Beacon chain reached a balance of 12 million ETH on Friday. The total locked value of Ether in the Eth2 contract is worth about $34.5 billion. The deposit contract was launched in November 2020 and currently holds around 10% of the total circulating supply of ETH.
Binance cryptocurrency exchange is adopting more measures to prevent the Russian government from mitigating the impact of sanctions through the use of crypto. Binance has shut down several accounts tied to relatives of senior Kremlin officials over the past two months since Russia began military action in Ukraine, Bloomberg reported on Thursday. According to the
Bitcoin (BTC) stayed rangebound on April 29 as a welcome retracement saw the U.S. dollar come down from 20-year highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader eyes $40,600 as “crucial” breaker Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hugging support near $39,300 after failing to hold $40,000. The pair had managed
Over time, the crypto market has maintained a close relationship with the stock market. Ethereum, the second-largest cryptocurrency, rose in lockstep with U.S. stocks for the first time in February. As a result, the token’s 40-day correlation coefficient with the S&P 500 reached 0.65. Despite the brake anxious investors have put on price activity in
Bitcoin (BTC) fell into the Wall Street open on April 29 as United States markets opened to volatility, including an 11% drop in Amazon stock. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView All change at the Fed Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD dipping to $38,622 on Bitstamp Friday. Despite a let-up in
NEXO was up by nearly 50% on Friday, as markets reacted to the news that Binance was listing the token on its platform. Today’s surge sent NEXO to a multi-week high, while TRON also moved higher, hitting a one week peak. NEXO Two weeks after announcing a partnership with Mastercard to launch the world’s first
At least three market catalysts show that Dogecoin (DOGE) could climb by at least 50% by the end of Q3/2022. Falling wedge breakout in play Dogecoin has been painting a “falling wedge” pattern on its longer-timeframe charts since May 2021, hinting at potential for a bullish reversal in the coming months. Falling Wedges appear when
Ethereum has been on quite the journey, from splitting to creating its market presence within a few years. And now, they are looking at saving electricity and other concerns put forth by analysts with their latest validation protocol. The cryptocurrency supports several blockchain networks through its layers-2 services and validations. With all these facts combined
Ethereum domain name sales have shot up to a colossal 2,300% with many big names like Vitalik Buterin (vitalik.eth), Paris Hilton (parishilton.eth), and the like rushing into the hype of buying the 3-digit domain identities. The exclusivity and simplicity that Ethereum Name Service (ENS) domain names have is what makes it irresistible and enticing to
Samson Mow, former chief strategy officer at Blokstream and founder of JAN3, is convinced that most decentralized finance protocols can’t compete with Bitcoin when it comes to providing an effective monetary network because of their lack of decentralization. As Mow pointed out, DeFi projects are governed by entities that can modify the protocol at will.
A bipartisan group of lawmakers in D.C. introduced an updated bill on April 28 to regulate cryptocurrency developers, dealers, exchanges, and stablecoin providers, bringing them under the regulatory control of the United States Commodity Futures Trading Commission (CFTC). The Digital Commodity Exchange Act of 2022 (DCEA) was re-introduced to Congress by Republican Representatives Glenn Thompson
Goldman Sachs has offered its first Bitcoin-backed loan, in a major step forward for institutional cryptocurrency adoption on Wall St. A spokeswoman from Goldman told Bloomberg that the multinational investment bank had lent cash collateralized by Bitcoin (BTC) owned by the borrower for the first time in Goldman Sachs’ history. She added that the deal
Roger Ver, an early investor and ardent promoter of Bitcoin (BTC) which earned him the moniker “Bitcoin Jesus” has resurfaced on Twitter after a year and backed Dogecoin (DOGE) in an interview, preferring it for payments over the world’s first crypto. In an interview with Bloomberg, the Bitcoin.com founder said how he was a fan
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