Bitcoin price dip below $90K driven by investors bracing for upcoming economic risks

Bitcoin (BTC) bulls are still licking their wounds from the bloody Dec. 4 correction, which saw the price collapse from $57,000 all the way to $42,000. This 26.5% downside move caused $850 million in long BTC futures contracts to be liquidated, but more importantly, it shifted the “Fear and Greed index” to its lowest level…

One member of the cryptocurrency subreddit pointed out that “EVM equivalent” compilers like zkSync Era does not necessarily mean it is fully “EVM compatible.” 489 Total views 4 Total shares Own this piece of history Collect this article as an NFTMatter Labs, the team behind Ethereum layer 2 scaling solution zkSync, has denied that 921…

Chinese traders are using virtual private networks (VPNs) as a major tool to circumvent the ongoing government crackdown on cryptocurrency trading, local media outlet South China Morning Post (SCMP) reported September 8.According to SCMP, referencing reports from Beijing-affiliated Shanghai Securities Times, traders have begun leveraging stablecoin Tether (USDT) as a means of entering and exiting…

PayPal was a massive innovation in the payments processing industry. The financial brainchild of Peter Thiel, Max Levchin and eventually, Elon Musk aimed far ahead of its time, facilitating instant payments between customers, businesses and more while utilizing the internet.Solana (SOL) Pay is considered by many to be the next innovation in the payments processing…

Chainlink (LINK) has had a pretty rough month, dropping as much as 45% after marking a $37 all-time high on Feb. 20. While the recent losses may look surprising when compared against other altcoins' gains, LINK still managed to rally 640% over the past nine months.Therefore, there should be no reason to interpret the failure…

The asset will also be available on twelve other networks, including Ethereum, Solana and Polkadot, among others. 366 Total views 24 Total shares Leading cryptocurrency stablecoin Tether has announced the launch of a new asset, Tether (USDT) tokens built on the Tezos blockchain, and with the ambition of expanding their digital footprint across the digital payments…

Climate change has created a rapidly growing global market for a digital eco-commodity called carbon credits. Current estimates value these carbon markets at over $100 billion annually. A carbon credit represents one metric ton of CO2 and is connected to efforts to reduce carbon emissions that cause climate change. Carbon markets are one of the best…

The United States dollar index (DXY) resumed its strong uptrend on July 11, indicating that investors are preparing for the July 13 CPI report to be hotter than expected. A survey of economists by Bloomberg estimates that in June consumer prices surged to 8.8%, a four-decade high.Arthur Hayes, the former CEO of derivatives trading platform BitMEX, believes…