Bitcoin price at $72K is the ‘fuse’ to reach new ATH — Analyst
Bitcoin price above $72,000 would liquidate $800 million worth of leveraged shorts, making it a significant resistance level for BTC.
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Roughly 11,000 entities represent 55% of Bitcoin’s on-chain volume
The report also found that one-tenth of all Bitcoin miners control 90% of network hash rate. 371 Total views 8 Total shares Researchers have found that roughly 11,000 entities are responsible for more than half of Bitcoin’s on-chain volume.According to a study published by the National Bureau of Economic Research (NBER) on Oct. 21, 11,043…
Bitcoin can solve the DeFi onboarding crisis, argues exec
Bitcoin.com CEO Dennis Jarvis believes that Bitcoin can be a bridge that leads users to the decentralized finance space. 214 Total views 27 Total shares As the decentralized finance (DeFi) space remains plagued with hacks, people have become less interested in jumping in and engaging with DeFi. But according to Dennis Jarvis, the CEO of…
Retail stablecoin trading in Hong Kong not allowed yet, official says
Hong Kong will not allow retail investors to trade stablecoins until they are officially regulated, which is projected to happen by the end of 2024. 132 Total views 3 Total shares As Hong Kong progresses with the adoption of cryptocurrency trading for individual investors, a local official stressed that retail stablecoin trading is not yet
Ripple Reports Double Revenue From XRP Token Sales in Third Quarter of 2018
American tech company Ripple reported that its revenue from XRP token sales doubled in the third quarter (Q3) compared to the second quarter (Q2) of 2018, according to the company’s quarterly report published Oct. 25.In the Q3 2018 XRP Markets Report, the company reveals that it sold $163.33 million worth of XRP in the Q3,…
Event recap Web Summit 2021: crypto, climate change and Facebook
Cointelegraph team members and leadership joined major media companies and tech figures this week at the three-day Web Summit 2021 in Lisbon.The issues surrounding social media giant Facebook were the focus for many at the largest tech conference in the world. The company has been the subject of intense media scrutiny following the release of…
NEAR developers to get seamless Web3 app deployment with Pocket Network
According to Pocket Network, the latest integration with NEAR allows native developers to deploy their applications on other supported blockchains, including Ethereum, Solana, Polygon and more. 421 Total views 3 Total shares Pocket Network, a relay infrastructure middleware protocol, announced a service integration to improve the network bandwidth of NEAR blockchain while enabling faster deployment…
VET, IMX, GRT and ALGO show bullish setups as Bitcoin trades above $37K
Bitcoin (BTC) is on target to end the week with gains of about 6%, indicating continued demand from the bulls. MicroStrategy co-founder Michael Saylor said during a speech at the 2023 Australia Crypto Convention on Nov. 10 that Bitcoin’s demand on a monthly basis could surge between two to 10 times by the end of
3 Key Reasons Why DeFi Giant Yearn Finance (YFI) Rallied to $12,800
Yearn Finance (YFI) launched just a month ago and since then the yield aggregating platform’s total value locked has climbed to $611 million.In the last three days, YFI price climbed to $12,800, a nearly 330% rally since the price bottomed at $3,005 on Aug. 13.Three key factors appear to be behind YFI’s recent rally: the…