Five crypto market predictions that haven’t come true — yet
Crypto narratives sometimes promise a trip to the moon, but not all rockets make it, and markets tend to have a sloppy memory, often falling into the same traps.
Related Posts
A new Polkadot to Ethereum bridge could enable cross-chain DeFi composability
Smart contracts on Ethereum will be able to directly interact with Polkadot. A new project building on Polkadot wants to create a comprehensive bridge with Ethereum that would eventually relay direct smart contract instructions.The bridge is being developed by Snowfork, a software development company. The initial implementation is fairly straightforward, only allowing Ether (ETH) and…
Vinny Lingham Forecasts Bitcoin Price for Two Months Trading Between $3,000 and $5,000
Vinny Lingham, CEO of blockchain identity platform Civic, has revised down his short-term Bitcoin (BTC) price prediction on Jan. 11, telling financial news network Cheddar that the cryptocurrency could fall below $3,000.In an interview, Lingham, who had previously forecast BTC/USD to trade between $3,000 and $6,000 in the coming months, said the market would either…
Bitcoin miners send record $128M in revenue to exchanges
Bitcoin (BTC) miners are sending record amounts of BTC to centralized crypto exchanges.In a June 27 tweet, on-chain analytics platform Glassnode reported an all-time high in Bitcoin miner revenue sent to exchanges.Percent of miner revenue sent to exchanges. Source: Glassnode.It noted that there was currently an “extremely high exchange interaction,” from Bitcoin miners which had…
Bitcoin faces Mt. Gox ‘black swan’ as trustee prepares to unlock 150K BTC
Bitcoin (BTC) faces a new selling threat in the near future as users of defunct exchange Mt. Gox prepare to get their BTC back.In fresh correspondence dated July 6, attorney Nobuaki Kobayashi, appointed trustee in the Mt. Gox rehabilitation process, confirmed that he was "preparing to make repayments" to account holders.Cash, Bitcoin or Bitcoin Cash?Over…
Debt is GOOD for Bitcoin?? Shocking insights revealed
Cointelegraph analyst and writer Marcel Pechman explains why debt might be good for Bitcoin, and discusses JPMorgan’s method for trading debt instruments. 338 Total views 2 Total shares In the latest episode of Macro Markets, Cointelegraph analyst Marcel Pechman discusses the United States Federal Reserve’s delicate balancing act of curbing inflation without causing a recession…
The future of smart contract adoption for enterprises
Decentralized finance (DeFi) markets may have cooled down over the past year, but the technology powering these applications continues to advance. In particular, smart contract platforms that enable transactions to take place across DeFi applications are maturing to meet enterprise requirements. While it’s notable that enterprises have previously shown interest in DeFi use cases, smart contract…
Coinbase layer-2 network Base closes in on mainnet launch
Base, a new layer 2 application-focused protocol by Coinbase has just one criteria left to fulfil before being ready for mainnet launch.On June 29, the team said the Optimism-powered, Ethereum-secured network has been subject to six months of rigorous security audits — both internally and externally — its second-last criteria required for launch.“With the completion…
Luxor and Bitnomial launch Bitcoin mining derivatives product
The new crypto derivatives product allows investors to speculate on future hashrates and hashprices.