Bitcoin recovery fizzles, but SOL, DOT, NEAR and KAS could rally
Buyers will need to keep Bitcoin above $53,500 to start a recovery in SOL, DOT, NEAR and KAS.
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On heritage and NFT: Challenging the meaning of legacy itself
In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century.When trying to examine the nonfungible token (NFT) economy as it has been shaping in recent months, two main trends…
Biggest Bitcoin exchange inflows since 2018 put potential $20K bottom at risk
Bitcoin (BTC) could be on the verge of a retail major sell-off as exchange inflows spike to almost three-and-a-half-year highs.Data from on-chain analytics platform CryptoQuant shows users of 21 major exchanges sending coins to their wallets en masse June 14.Major exchanges finish up 83,000 BTC in a single dayAs BTC/USD fell to lows of $20,800,…
Bitcoin Price is Showing 3 Textbook Technical Signs of a Severe Correction
The Bitcoin price (BTC) has been consolidating in the $6,900 to $7,100 range throughout the past 36 hours, right below a heavy resistance level at $7,200. Typically, a large price movement occurs when BTC gets stuck in a tight range for a prolonged period of time.Crypto market daily performance. Source: Coin360Currently, there are three technical…
Bitcoin dips below $50K: Crypto market crashes 17%
BTC dominance hits 58% as the cryptocurrency market suffers a 17% drop, leading to a market cap of $1.76 trillion.
China’s Blockchain Service Network to launch stablecoin support in 2021
China’s nationwide blockchain project, the Blockchain Service Network, or BSN, will be integrating stablecoin support in 2021.Yifan He, CEO of Red Date Technology, a major tech company involved in the BSN development, told Cointelegraph that the project will soon start integrating stablecoins.Piloted in late 2019, China’s BSN is a state-backed initiative that intends to support…
$1 Billion Liquidated as Bitcoin Price Crashes by $1.4K in Minutes
The price of Bitcoin (BTC) and Ethereum’s Ether (ETH) plunged by 13% and 21%, respectively, within minutes on Aug. 2. The move liquidated more than $1 billion worth of futures contracts as BTC/USD dropped from around $12,000 to as low as $10,550.BTC/USD 1-hour chart. Source: TradingviewThere appear to be two main reasons behind the sudden…
Rally or dud: What to expect if spot Ether ETFs are approved
Market observers are conflicted over what could happen following SEC approval of a spot Ether ETF.
CFTC Probe of BitMEX a Result of Roubini Vs. Hayes Taipei Tangle?
Seychelles-based cryptocurrency exchange BitMEX is reportedly in trouble. Soon after Nouriel Roubini, a New York University professor of economics and anti-cryptocurrency pundit, criticized BitMEX of violating regulations, it was reported on July 19 that United States Commodity Futures Trading Commission (CFTC) is opening an investigation into BitMEX on whether it broke the law by allowing…