Category: NewsBTC

NewsBTC: Why TRON Has Seen a 45% Hike in Total Value Locked (TVL)

According to Wu Blockchain, the TRON network has seen a hike in its total value locked (TVL) over the past 30-days. This increase seems to be related to the launch of this network’s native algorithmic stablecoin USDD. Related Reading | Tether CTO Says, USDT-Dollar Remains Strong Amid Stablecoin Crises As reported by NewsBTC a month ago, TRON’s founder Justin Sun announced the deployment of USDD for May 5, 2022. This digital asset operates similarly to LUNA CLASSIC network’s Anchor Protocol. USDD allows users to earn a 30% annual percentage yield (APY) for staking it on the JustLend platform. TRON launched its...

NewsBTC: Conferences, triangles and crosses: making sense of the BTC bear market with StormGain

The latest market information shows BTC/USD continuing to hover around $29,000 after failing to hold the crucial $30,000 support. BTC price movements, 15-25 May 2022. / Source: StormGain As the original cryptocurrency stalls, traders and analysts are chiming in with observations about what the next price movement could be. Some are looking for positive signs from the ongoing World Economic Forum (WEF) Annual Meeting at Davos, while others are pointing to historical chart patterns or highlighting cryptocurrency’s correlations with the wider stock market. Whether Bitcoin is set to plunge below pre-2020 levels or not, there are useful strategies that traders...

NewsBTC: Negative Sentiment Deepens In Crypto, Why Recovery May Not Last

Negative sentiment in the crypto market has been ramping up in the last few months. This comes hot on the heels of a market crash that saw top coins such as Bitcoin and Ethereum drop to one-year lows. It has resulted in some of the lowest scale readings that the Fear & Greed Index has put out in recent times and it looks like this is only just beginning as negative sentiment has now touched yearly lows. Crypto Market In Extreme Fear Just like with any declining market, investor sentiment has turned to the worse. Indicators show that the market...

NewsBTC: Undervalued Metaverse Project Mars4 Is Preparing for New Releases

Investors in the crypto business are continuously looking for underappreciated projects with the best chance of enhancing early investors’ returns. It’s easy to benefit by discovering these hidden gem projects just before they boom with major launches.  Mars4 is one of these projects to keep an eye on since the team behind it is busy working on some interesting new releases that will be ready in the coming months. These upgrades will help to enhance the game’s economy and provide players a sneak peek at what’s to come in the future. In consequence of these improvements, the Mars4 project is...

NewsBTC: How is SAI.TECH, a recently listed Bitcoin mining operator, driving towards carbon neutrality?

The past year has experienced a boom in SPAC crypto mergers, with companies like Core Scientific Inc. Bakkt and Cipher Mining being a few notable examples. SAI.TECH (“SAI” or “the Company”) got on the wave of SPAC listings right before SPAC mergers got more difficult. Having gotten officially listed on Nasdaq on May 2nd, SAI is the first “chip heating” concept stock on the exchange, with its CEO & founder Arthur Lee also becoming the youngest Chinese CEO ever listed. Bitcoin has become one of the most attractive emerging assets on the market in recent years, but the need for...

NewsBTC: Rise of “Wellness Metaverse” – What to expect?

The metaverse continues to be a topic of debate in the crypto space. Much has been written about metaverses transforming games, fostering creator-focused economies, and restructuring education. However, one aspect of the discussion that has always been overlooked is metaverse’s impact on the health industry. While the pandemic has accelerated digital wellness, areas such as cost efficiency, accessibility, and patient care still have space for improvement. These flaws could be solved by incorporating technologies like AR and VR into the health industry. Metaverse transforms the healthcare industry’s paradigm by focusing on individuals rather than service providers, making the customer journey...

NewsBTC: Cryptocurrency Spams Grow By Over 4000% In The Last Few Years

Crypto spam activities have increased by 3,894% within the past months. LunarCrush, a cryptocurrency intelligence platform, gave this report in a recent publication. The report showed considerable growth in the crypto industry with its expansion on social media. It revealed that scam bots and posts within social media networks increased to their All-Time-High (ATH). This report arrived amid the world’s leading billionaire, Elon Musk’s comment on the issue of Twitter being flooded with spambots. Twitter To Become The Debate For Spam Accounts Twitter’s would-be owner has severally emphasized the growing presence and influence of cryptocurrency scammers, spambots, and links to...

NewsBTC: TA: Ethereum Reaches Crucial Juncture, Can The Bulls Make it

Ethereum formed a base near $1,740 and started a recovery wave against the US Dollar. ETH is now facing a major resistance near the $1,900 zone. Ethereum started a recovery wave above the $1,800 and $1,820 levels. The price is now trading above $1,820 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,820 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $1,900 and $1,920 resistance levels to continue higher. Ethereum Price Eyes Upside Break Ethereum extended decline below the $1,800 level....

NewsBTC: Cardano (ADA) Continues To Sink, What’s Next For The Coin?

Cardano (ADA) recently fell below its support line of $0.50 as seen at press time. Just like Bitcoin, major altcoins too have either consolidated or fallen on their charts. On the longer time frame, Cardano (ADA) continued to display bearish thesis. For the shorter time frame, ADA was hinting at a possible price reversal on charts. Over the last 24 hours, ADA increased by 1.7% and in the last week, the coin brought home a double digit loss. The bulls have faded out as buying strength continued to remain bleak at the time of writing. At the moment, $0.50 has...

NewsBTC: TA: Bitcoin Clears $30K, Why This Could Mean Trend Change

Bitcoin started a fresh increase and surpassed $30,000 against the US Dollar. BTC is showing positive signs and might rally further if it clears $30,600. Bitcoin is gaining pace above the $29,500 and $30,000 resistance levels. The price is now trading above the $29,500 level and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $29,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rise further if it clears the $30,600 resistance zone. Bitcoin Price Gains Pace Bitcoin price formed a fresh base...

NewsBTC: Bitcoin (BTC) At $29,000, How Long Will The Consolidation Continue?

Bitcoin remained consolidated over the last 24 hours, altcoins however, have dipped on their charts. Over the last week, the king-coin continued to register lateral price movements on the charts. Ever since November, 2021, price of Bitcoin has consistently moved on the downside. On the longer time frame, Bitcoin has continued to show signs of upcoming bearishness. On a comparatively, shorter time frame the king-coin might be hinting at a price reversal. Over the last 24 hours BTC made no gains. In the last week, it lost about 2% as the coin was mostly consolidating. Currently, BTC is sandwiched between...

NewsBTC: Ethereum Slips, What Are The Next Vital Trading Levels For The Coin?

Ethereum has slid on its charts again at the time of writing. Over the last week, the coin lost about 10% of its value. The bears have strengthened in the market because the buyers have left the market. Technical outlook of the coin remained bearish and selling pressure mounted. The coin would continue to remain so over the next trading sessions. The coin also witnessed a sustained sell-off over the last 48 hours. Ethereum fell below its long standing support line of $1900.Over the last 24 hours the coin tried to recover itself but the bearish price action is still...

NewsBTC: Ethereum Gas Fees Touch New Lows, What’s Ahead For Ethereum

Ethereum is one of the most widely-adopted cryptocurrency projects worldwide. Yet, it’s hated worldwide for its sky-high gas (transaction) fees. Users globally constantly complain about the coin’s terribly-high transaction prices on various social media platforms. Shockingly, Santiment, an on-chain and metrics platform, published on Twitter a report showing Ethereum’s transaction prices plummeting to their lowest. The Ethereum Platform Ethereum is a distributed, permissionless, and open-source blockchain that provides users access to a smart contract. It is the second-largest blockchain by market capitalization, following crypto giant Bitcoin. Related Reading | Bitcoin Dominance Remains High As Market Sell-Offs Settle Remarkably, Ethereum offers a...

NewsBTC: Cardano Slides Below $0.50 Alarming A Danger Ahead

Cardano is among the cryptocurrencies with higher impacts due to significant price slides. Price volatility remains one of the substantial discouragement and threat of virtual currency. Their swing in price could go beyond ten times in a single minute. A positive price move is always a favorable trend for a token and its investors. However, a price drop could pose a danger for both. The general crypto markets have been witnessing more downward trend recently. This has left several tokens on an expected price level even as some investors make massive sell-offs. Cardano seems to have entered a state of...

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