XRP bulls could face ‘bloodbath’ if Bitcoin dominance rises: Analyst

The Venezuelan army turns to crypto mining as the country's economy collapses. 2125 Total views 21 Total shares The regime of Nicolás Maduro continues to lean on crypto to keep economically solvent.Via Instagram, an engineering brigade of the Venezuelan army inaugurated the new "Digital Assets Production Center of the Bolivarian Army of Venezuela." As the…

Ohio-based professional basketball team the Cleveland Cavaliers (The Cavs), along with its associated esports club Cavs Legion GC, have partnered with the cryptocurrency firm UnitedCoin. The National Basketball Association (NBA) announced the new partnership in a press release on July 15.The partnership will reportedly be used to advertise UnitedCoin and provide the Cavs with an…

Bitcoin (BTC) is rapidly regaining its lost dominance in the crypto market so far into 2023.On Jan. 30, Bitcoin accounted for 44.82% of the total crypto market capitalization, the highest since June 2022. In September 2022, Bitcoin's dominance index was as low as 38.84%. The index typically rises when most crypto investors reduce their exposure…

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Bitcoin (BTC) begins Monday by avoiding another test of $9,000, but what could happen to change the mood or even set off a bull run?Cointelegraph takes a look at five major facts that could influence the BTC price during the coming week. Stocks under pressure: does “valuation” matter?The macro outlook seemed more or less stable on…

Investors in Bitcoin (BTC) have seen a tremendous week, as the price of the top-ranked cryptocurrency rallied from $7,500 to $9,500. A rally of $2,000 in just a matter of a week.Is this halving FOMO? Sustainable growth? All questions are arising in the recent movements, but overall a solid week for Bitcoin and crypto. What…

Miami Mayor Denis Suarez, who’s running for president of the United States, took a shot at his Republican counterpart in the presidential race, Florida Governor Ron DeSantis. Emphasizing his own support for crypto, Suarez said about DeSantis: “You gotta go beyond just saying that the central bank digital currencies are bad. Everybody agrees on that. That’s

Newly leaked audio from Q&A sessions between Facebook’s CEO and employees has revealed Facebook’s early strategy for Libra's launch.On Oct. 1, tech news site The Verge published audio and text from two internal meetings held at Facebook in July.Along with major topics such as Facebook’s potential breakup by regulators, Mark Zuckerberg devoted a significant part…

For the first time in Romania, the recent national parliamentary elections, which were held in November, used blockchain technology with the main purpose to guarantee the integrity of the electoral process and to strengthen its transparency. The government aimed to ensure tamper-proof and real-time data on voters’ presence.There is still a way to go for…