Traders unbothered by Bitcoin’s sub-$65K levels, say BTC price remains ‘high and steady’

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Phoenix Global quickly became the 52nd largest cryptocurrency by market cap. 3100 Total views 27 Total shares It took just four minutes for a relatively unknown cryptocurrency to rise by over 5,600% as of Nov. 5, according to data from CoinMarketCap.Dubbed Phoenix Global (PHB), the token soared from $0.02057 to as high as $1.1413 on…

Cryptocurrency mining operations in China are reportedly selling mining machines by weight, as opposed to price per unit. This selloff was reported by local Chinese crypto outlet 8BTC Wednesday, Nov. 21, with reference to the cryptocurrency mining pool F2Pool.Cryptocurrency markets experienced widespread decline throughout last week, with Bitcoin (BTC) declining to as low as $4,300…

IOHK, the software company behind Cardano, announced on Feb. 14 a donation of $500,000 in Cardano (ADA) to support and develop the University of Wyoming’s (UW) Blockchain Research and Development Lab.Professor James Caldwell, Assistant Professor Mike Borowczak and Philip Schlump will co-direct the Advanced Blockchain Research and Development Lab.Professor Borowczak told Cointelegprah that IOHK’s donation…

Citigroup and Nasdaq are among a group of firms investing $20 million dollars in Symbiont.io Inc, Bloomberg reports on Jan. 23. Other investors reportedly include Mike Novogratz’s crypto-focused merchant bank, Galaxy Digital Holdings.Symbiont’s blockchain and smart contract platform, Assembly, will be applied in capital markets. The offering purportedly allows financial institutions to share and verify…

The exponential rise in Bitcoin’s price and hash rate is driving critics to once again question the largest blockchain’s energy efficiency — with calls for “green hackers” to band together to mount an attack on the network.Total world production and consumption vs. Bitcoin. Source: CBECIA self styled “developer and ecologist” who goes by the name…

Masayoshi Son found Bitcoin to be “distracting his own focus on his own business.” 573 Total views 1 Total shares While the ongoing cryptocurrency bull run is boosting crypto adoption, some billionaire investors still find Bitcoin (BTC) to be something of a distraction. Masayoshi Son, a billionaire technology entrepreneur and CEO of Japanese conglomerate SoftBank, claimed that…

In the weeks following new sanctions from the European Union, Binance has kept its doors open for non-sanctioned Russian nationals, but that does not mean that the firm isn't complying with EU sanctions, according to Binance’s newly-appointed sanctions executive.Western sanctions against Russia have been a major challenge for Binance from day one, and the firm…

Looking at all the cryptocurrency in tracking sites like Coinmarketcap.com may leave most beginners confused at the number of tokens being offered to the public. Layer-1, layer-2, metaverse, DeFi, gaming, liquid staking, real world assets, memes and the like are like the toys in a large toy shop. Each has its own separate world. One