Price analysis 7/22: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA

The pandemic has put hundreds of thousands of businesses out of action, saw others fold and decimated great swathes of the economy. But, crypto thrived in this distributed environment. As the world clamped down and everyone was forced to decentralize, the crypto world shone.Perhaps crypto, born of a crisis, is most at home in one. Working…

Bitcoin (BTC) continues to face a tough battle near the psychological level of $20,000 as the bulls and the bears attempt to assert their supremacy. Trading firm QCP Capital said in their latest market circular that funding rates on derivatives markets were stable and bearish conditions were fading.Another ray of hope for the Bitcoin bulls…

The Thai Revenue Department has revealed its plans to track tax payments using blockchain and maсhine learning, local news outlet Bangkok Post reported Nov. 5.Ekniti Nitithanprapas, the Revenue Department’s director-general, told reporters that blockchain will be used to verify the validity of taxes paid and to speed up the tax refund process.Machine learning, in its…

Blockchain-based energy trading firm Power Ledger will roll out its peer-to-peer (P2P) network in Graz, the second-largest city in Austria, according to an announcement on June 18.The Australia-based company has partnered with E-NEXT, an innovation arm of major Austria’s energy utility Energie Steiermark, to launch its blockchain-powered energy trading platform in and around Graz.The initiative…

Bitcoin (BTC) price dropped below the $30,000 level on July 18, which given the developments of the last month, retail investors may not have expected, but does today’s downside move represent an upcoming shift in the trend? Data suggests that over the longer-term it does not. To get to the positives first, Bitcoin price is still…

Google’s cloud unit announced on Friday the formation of an internal team that will build services for blockchain developers and those running blockchain-based applications. This comes amid an explosion of interest, activity and adoption of crypto and Web3 tools from traditional sectors of the economy.Web3 infrastructure of the futureVice president at Google Cloud, Amit Zavery,…

Today the price of gold hit a new record-high at $2,008 and the asset is now in the price discovery phase. The precious metal appears to be rallying due to the declining U.S. dollar and this could also positively affect Bitcoin (BTC) in the medium-term due to the correlation between the two assets.Bitcoin vs Gold price…

The Celsium failure continues to draw attention to the lending issues from regulators and community. 110 Total views 19 Total shares Due to Celsius Network’s withdrawal suspension in mid-June, the very topic of crypto lending made its entryway to the acute issues list for the regulators. Last week, lawmakers and officials continued to raise the…