Category: NewsBTC

NewsBTC: Crypto Meltdown Calls for a Decentralized Compliance Layer to Protect User Interest

Over the last few weeks, the cryptocurrency market has been rocked by extreme volatility. There has been a steep decline in the price of digital assets. Such has been the meltdown in that the entire market cap has fallen under $1 trillion, which surpassed the $3 trillion mark at the peak of the bull cycle. Being a nascent market means high volatility is a common phenomenon at this stage of growth. That said, this volatility has made crypto so attractive to investors and speculators. However, volatility doesn’t always mean just a significant upside but also a remarkable downside. And that’s...

NewsBTC: Metaverse protocol OVER launches unique treasure hunt in partnership with the Sandbox

OVER, a decentralized metaverse platform that provides surreal AR/VR experiences, has revealed its partnership with The Sandbox to launch a unique reward program for their communities. This development continues the growing relationship between the two platforms. To recall OVER had enabled a cross-platform experience for its users on the Sandbox ecosystem in April. This update enabled Sandbox users to control their NFTs on OVER and invite their friends to partake in activities without having to leave the OVER app. This latest partnership takes this a step further as Sandbox users can participate in the Hunt by collecting digital assets around...

NewsBTC: Cardano Vasil Hard Fork Launch Date Set, Time To Buy The News?

The highly anticipated Vasil Hard Fork on the Cardano network has been rescheduled. The hard fork was expected to push forward work that had been done on the network over the last couple of years. Due to this, the news of the June 29th launch had sparked a lot of enthusiasm for the network and had seen the price of its native token, ADA, surge. Now, with the delay, investors have had to reassess their stance and strategy when it comes to Cardano. When Is Vasil Hard Fork Launching? According to a blog post from IOG, the developer behind Cardano,...

NewsBTC: Celsius (CEL) Price Scorches To 130% Rally Despite Frozen Network Accounts

The native cryptocurrency of Celsius Network – CEL –  has surged over 130 percent in the past 24 hours. The surge occurred as a result of the crypto market’s relief following many days of precipitous declines. The Celsius token shed by more than half its value to reach $0.20 on June 13. Since then, CEL has gained an upward  trajectory. The price of CEL has increased by an astonishing 375 percent over the previous week, representing the most growth among the top 100 cryptocurrencies. As of the time of writing, the token’s average price is $1.51. Suggested Reading | Shiba Inu Now...

NewsBTC: Bitcoin Back At $21K After 75% Drop, Where Does It Go From Here?

Bitcoin is experiencing price relief in lower timeframes after the crypto market crashed to its 2020 levels. This pushed the cryptocurrency to a yearly low of $17,500, a 75% drop from its all-time high, and Ethereum to $870 an 82% drop from its all-time high. Related Reading | TA: Ethereum Could Rally If The Bulls Clear This Key Resistance This number is standard for a crypto bear market, Bitcoin is known for experiencing similar crashes in the past and could possibly suggest it has completed a new market cycle. At the time of writing, Bitcoin trades at $21,300 with a 4%...

NewsBTC: Zignaly’s DAO Expands Web3 Investment Opportunities to Further Empower Investors

Zignaly, a pioneer in social investment and advocate for blockchain composability, is constantly working to further improve its platform. The project regularly adds new and innovative features to empower all investors, regardless of skill level, to have equal access to expert-managed, passive investing tools and capabilities. Last month, the project announced the development of its comprehensive digital asset bridge, aptly labelled “The Bridge“, which makes trading and transferring digital assets from one chain to another as simple as possible. This month, the project is continuing its efforts to level the playing field for retail investors by pushing its platform further...

NewsBTC: New York’s Latest Bill Clamping Down On Bitcoin Mining Draws Sharp Criticism From Industry

While many states across the US are leaving no stones unturned to entice crypto mining companies to set up shop in their respective jurisdictions, New York’s lawmakers are moving in the opposite direction. As the NY State Legislature entered the eleventh hour of its 2022 session, an early morning vote in Albany on Friday passed a bill that potentially will impose a strict 2-year ban on all new crypto mining permits. The bill also intends to ban certain existing mining operations that run on carbon-based power sources, primarily set-ups repurposing fossil-fuel burning plants. After being passed by the Assembly in...

NewsBTC: Shiba Inu Now The Largest ETH Whales’ Holding Despite Crypto Market Turmoil

Shiba Inu is currently the second-largest crypto asset held among the top 100 Ethereum whales behind USDC, according to statistics from WhaleStats, although Ethereum (ETH) maintains the top rank. The most recent data from WhaleStats reveals the investment patterns of the top 100 non-exchange Ethereum addresses by wealth. The top 100 whales are essentially wallets with an average worth of $14 million. Tuesday’s market price for Shiba Inu is $0.00000827, up 3.7% over the last seven days, statistics provided by Coingecko shows. Suggested Reading | Bitcoin Climbs Back Above $20K, A Bit Of A Relief To The Sinking Crypto Market According...

NewsBTC: In a Bear Market, Hold Onto Your Coins & Try to Earn More Cryptos

Hit by the collapse of Luna and UST, as well as another round of interest rate hikes and balance sheet shrinking by the Fed, cryptocurrencies suffered a market-wide plunge in May 2022, and the market has not significantly rebounded so far. In addition, compared with their historical highs, the prices of Bitcoin and Ethereum have fallen by more than 50%. Meanwhile, other altcoins have suffered bigger falls. The entire crypto market is still going through a bearish period. That being said, will Bitcoin and Ethereum go to zero? The answer is a hard no. As the blockchain technology advances and...

NewsBTC: TA: Ethereum Could Rally If The Bulls Clear This Key Resistance

Ethereum started an upside correction from the $880 zone against the US Dollar. ETH is rising and attempting an upside break above the $1,150 resistance zone. Ethereum started an upside correction above the $1,000 resistance zone. The price is now trading above $1,000 and the 100 hourly simple moving average. There is a short-term contracting triangle forming with resistance near $1,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a steady increase if it clears the main $1,150 resistance zone. Ethereum Price Faces Key Barrier Ethereum started a decent upward move from the $880...

NewsBTC: What Makes CSC an Exceptional Public Chain?

May 2022 had been a heart-stopping ride for the crypto market. Most of you have heard about the recent meltdown of Luna, a cryptocurrency released by Terra. With a peak market cap of over $40 billion, the project suddenly slumped, and the price of Luna dropped from $90 to less than $0.00015 within a few days. The plunge of Luna, which was formerly one of the top 3 stablecoins, far exceeded the price drops of altcoins out there. Meanwhile, investors holding Luna also suffered heavy losses, and many have lost millions. In nearly a month since the Terra meltdown, Terraform...

NewsBTC: Ethereum In Green, Can Price Go Higher?

Ethereum went through weeks of bearishness after which the king of altcoins pushed above the $1000 mark. Over the last 24 hours, it soared close to 9% but in the past week, the coin registered a double-digit loss of 22%. The coin even moved below the $900 mark but as buying strength slowly recovered, ETH moved upwards on the chart. It cannot be said for certain if Ethereum will continue to move northwards because technical outlook still remains quite dicey. Bears are still in control of the market and if the coin fall from the $100 mark, the next trading...

NewsBTC: TA: Bitcoin Consolidates Near Key Juncture, Can The Bulls Make It

Bitcoin is struggling near the $21,000 resistance zone against the US Dollar. BTC could rally if it clears the $20,900 and $21,000 resistance levels. Bitcoin is showing a few positive signs above the $20,000 support. The price is now still above the $20,000 level and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $20,275 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh decline if it stays below the key $21,000 resistance zone. Bitcoin Price Eyes Upside Break Bitcoin price started an...

NewsBTC: Bitcoin Reclaims $20,000, Could It Lose Support Again?

Bitcoin and other major altcoins have been on a consistent free fall and even hit multi-yearly lows. BTC even touched $17,000 mark this month, however, the king coin has now reclaimed its $20,000. Over the last week, the coin lost 22% of its value but on the daily chart it gained close to 7%. Technical outlook for the coin has picked up bullishness but still reflects signs of weakness. Buyers also have returned to the market, but if buying strength drops again BTC might find support close to $17,000. It is still difficult to say if the coin has bottomed...