Price analysis 10/9: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
Bitcoin’s failure to hold $62,000 may trigger another selloff and pull altcoin prices lower.
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Bitcoin targets record 8th weekly red candle while BTC price limits weekend losses
Bitcoin (BTC) gave bears little joy over the weekend as the May 22 weekly close looked set to revolve around $30,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewWaiting for Bitcoin to "make a decision"Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it held a narrow range after the Wall Street trading week.With volatility absent,…
Investors dumping on Terra as LUNA 2 tanks 70% in two days
“Zero plans to buy luna 2.0, but I will dump any airdrop if I get something on Binance,” said Lark Davis. 2992 Total views 14 Total shares The price of Terra (LUNA) has tanked around 70% since the re-launch of the Terra ecosystem via Terra 2.0 on May 28.Under the revival plan of Terraform Labs founder…
Big breath as Beacon Chain stops finalizing… and then recovers
The Ethereum mainnet briefly stopped finalizing transactions but recovered after 25 minutes. 235 Total views 2 Total shares An unidentified issue on Ethereum’s Beacon Chain led to a halt in transactions for nearly half an hour on May 11. Around 8:15pm on Thursday May 11, a number of Ethereum core developers announced that the Beacon Chain…
Anchorage launches Ethereum staking for institutional investors
Anchorage's new service comes in anticipation of the Ethereum network’s long-promised shift proof-of-stake consensus. 593 Total views 41 Total shares Anchorage Digital, a San-Francisco-based digital platform that owns the first federally chartered crypto bank, will open an option to stake the Ethereum (ETH) for institutions. This move comes in anticipation of the Ethereum network’s long-promised…
Tether invests in El Salvador’s $1B renewable energy project
El Salvador’s plans to build a billion dollar renewable energy precinct has found a first round investor in stablecoin issuer Tether. Stablecoin issuer Tether (USDT) has announced that it will be partnering with Bitcoin-friendly nation El Salvador to invest in a planned $1 billion dollar renewable energy initiative.The Central American country continues efforts to drive…
Cathie Wood: BTC investors shouldn’t transact until tax code changed
Selling or transacting your Bitcoin isn’t worth the tax burden, according to the CEO of Ark Invest. 1036 Total views 8 Total shares Cathie Wood, the founder and CEO of Ark Invest, is cautioning investors not to sell or transact their Bitcoin (BTC) until the United States Internal Revenue Agency, or IRS, introduces more sensible…
Nobel Prize Winning Economist Paul Krugman Expresses Skepticism About Crypto, Predicts Collapse
Nobel Prize winning economist Paul Krugman has expressed his skepticism about the value of cryptocurrencies in a New York Times Opinion piece published July 31. Krugman, who was awarded the Nobel Prize in Economic Sciences in 2008, explains his position as a “crypto skeptic” by noting the high transaction costs and an “absence of tethering”…
ICO Rating Settles With SEC Over Alleged Anti-Touting Violations
The United States Securities and Exchange Commission (SEC) has charged Russian analytical agency ICO Rating for $268,998 for violating anti-touting provisions, according to an announcement on Aug. 20.In the announcement, the SEC claimed that ICO Rating violated the anti-touting provisions of Section 17(b) of the Securities Act of 1933 by failing to disclose payments it…