Scientific paper argues Bitcoin mining can reduce methane emissions
According to a United Nations report, Methane gas runoff is “80 times more harmful than CO2 for 20 years after it is released.”
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Cryptocurrency Loans Company Genesis Processes $550 Million in First Six Months
Institutional cryptocurrency over-the-counter (OTC) broker Genesis Global Trading revealed its loans spin-off processed over half a billion dollars in its first six months in a new report Thursday, Oct. 18.Genesis, which began its digital asset lending activities in March, revealed its current order book consists of $130 million in outstanding loans, a figure which has…
Altcoin Roundup: Data shows social metrics surge ahead of DeFi and NFT price rallies
A common saying in the investing world is “The trend is your friend,” a phrase that points to the idea that the majority of the time, sticking with the prevailing market trend will produce positive results.Some of the common metrics used to identify market trends include: technical analysis, which involves studying price charts to spot…
Ethereum 2.0 staking is coming to Coinbase
The U.S. exchange plans to roll out support in early 2021. U.S. digital currency exchange Coinbase has outlined plans for supporting Ethereum (ETH) 2.0 staking rewards — possibly setting the stage for even wider adoption of the smart contract platform. In an official blog post, Coinbase said it plans to roll out Eth2 staking, trading, and…
Bitcoin Retakes $9K — 3 Technical Reasons There’s Still Room to Run
The price of Bitcoin (BTC) surged above $9,000, demonstrating a decent recovery in the last 24 hours. Market data shows a further upsurge to the $9,300 to $9,400 range is likely in the near-term.Three key reasons increase the probability of a minor rally: liquidation of 25x to 50x shorts are at $9,300, whales using the…
Binance-Backed Crypto Travel Firms Travala.com and TravelByBit Merge
Hotel booking service Travala.com and flight booking website TravelByBit — both of which accept cryptocurrencies as payment — announced the merger of their platforms. 1720 Total views 83 Total shares Hotel booking service Travala.com and flight booking website TravelByBit — both of which accept cryptocurrencies as payment — announced a merger of their platforms.According to…
PayPal reportedly confirms plans to explore the launch of a stablecoin
The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser. 707 Total views 23 Total shares American fintech giant PayPal Holdings has reportedly confirmed its intent to launch its own stablecoin named PayPal Coin. The development of an in-house stablecoin was first discovered in…
Bitcoin Price Key Pattern Is Suggesting 68% Chance of Bullish Reversal
Bitcoin (BTC) closed the week down almost 6% at $8,500. Altcoins performed slightly better than BTC but collectively also closed lower for the week, down 3.5% against the dollar. Bitcoin dominance remains relatively flat and continues to hold 68% of the total share of the cryptocurrency market.Monday has brought lower prices on open with Bitcoin…
Polkadot eyes breakout to $75 after DOT price rally sets up classic bullish reversal
Polkadot (DOT) chart technicals suggest it may rally to a new record high near $75 if DOT can manage to close above its $41–$43 range decisively.That’s according to a classic bullish reversal setup known as an inverse head and shoulders (H&S) that forms when the price undergoes three selloffs during a period of market consolidation. Specifically, the…