Bitcoin strength wanes as crypto market stuck in 5 month ‘structurally ordered downtrend’
Bitcoin’s weekend rally to $65,000 has evaporated despite confirmation that the US Federal Reserve will cut rates in 2024.
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Price analysis 10/22: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
Bitcoin is finding support in the $66,500 to $65,000 zone and Bitcoin ETF inflows suggest traders are buying the dips. Will altcoins follow?
Tokyo-Based Association Announces New Guidelines for Blockchain Gaming
One organization in Japan is finding new ways to explain regulations covering illegal activities in the blockchain gaming community.The Blockchain Contents Association (BCA) announced on March 24 that they had written new guidelines to deal with laws related to gambling and online scams. A Japanese self-regulatory organization established in February 2020, the BCA intends to…
Argo Blockchain facility in West Texas expects to start mining Bitcoin in May
The company expects a hash rate of 5.5 EH/s by the end of 2022, anticipating that access to an additional 600 MW of power capacity "in the coming years" will produce 20 EH/s. 478 Total views 22 Total shares Crypto mining company Argo Blockchain’s plans to open a data center in West Texas are likely…
iHeartMedia plans NFT giveaway ahead of major music festival
Cory Van Lew, the digital artist behind Mike Tyson’s NFT collection, will drop his iHeartMedia-inspired line-up on Sept. 14. 313 Total views 300 Total shares Mass media holding company iHeartMedia is planning to distribute free nonfungible tokens, or NFTs, in partnership with sustainable NFT platform OneOf — a campaign that could introduce more music lovers…
Australia Central Bank Argues Bitcoin ‘Unlikely’ To Become Mainstream
Australia’s central bank said bitcoin (BTC) and cryptocurrencies would remain outside mainstream payments in a dedicated article issued on June 20.Titled ‘Cryptocurrency: Ten Years On,’ the document from the Reserve Bank of Australia (RBA) appears to commemorate the past decade of bitcoin’s existence while admitting zero faith in its future beyond a niche asset.“Despite achieving…
Bitcoin Set for $288K Bull Run in 2020, Popular BTC Price Model Says
Bitcoin (BTC) may be struggling to hit $10,000, but its progress is right on track, new stock-to-flow data confirms.Adding a new update to his model on July 1, stock-to-flow model creator PlanB showed that Bitcoin is behaving exactly as its bullish history demands.Bitcoin adds second “red dot”The BTC S2F Cross Asset Model (S2FX) uses color-coded…
Further downside is expected, but multiple data points suggest Bitcoin is undervalued
Traders are taking a hands-off approach to BTC, but a number of price metrics suggest Bitcoin is undervalued even though further downside is expected. 34 Total views 1 Total shares The outlook across the cryptocurrency ecosystem continue to dim as the sharp downtrend that was initially sparked by the collapse of Terra now appears to…
Attorneys Seek Bank of Ireland Execs’ Testimony Against OneCoin Scammer
Executives at the Bank of Ireland (BOI) could join a trial in the case against Mark Scott, who allegedly helped launder nearly $400 million via cryptocurrency scam scheme OneCoin.Four BOI witnesses to testify remotelyOn Sept. 29, the government of the United States submitted a court motion seeking the testimony of four witnesses via closed-circuit television…