In line with Monday’s analysts’ predictions for Bitcoin’s price action should it fall below $40,000, Bitcoin is now gearing up for a short-term Bullish reversal from the five-month all-time low of $39,000 it hit yesterday on Tuesday. In the early hours of Monday, analysts predictions leverages on Bitcoin’s price chart small moving average (SMA) indicator … Read more
Economic growth globally has hit a major roadblock and has been struggling since late last year, in December, as the new wave of Covid Omicron variant has reduced productivity globally as infection rates increase and casualties continue to rise. The first wave of the pandemic that took the world in a storm in 2019 saw … Read more
Global fintech firm and online payment platform Paypal has reportedly initiated its plans to develop its proprietary crypto stablecoin coined the PayPal coin. The discovery came from famous iPhone app developer Steve Moser who earlier this week revealed that he had stumbled on a source code on a mobile app for iOS. The source code … Read more
JPEGs were offered for millions of dollars in 2021, and regular marketplaces joined in to trade the tokenized art and receive cryptocurrencies. Non Fungible Tokens are digital assets that portray rights of online items such as artworks, software, and media, and they store their key data on the blockchain, making them one-of-a-kind. According to Dapp … Read more
The Bitcoin Lightning Network has not been able to gather the attention from the masses that it deserves. As per the latest articles authored by Peter St Onge, it is the future of fintech and the next big innovation since the internet. Peter St Onge has a doctorate in Economics from George Mason University and … Read more
According to the latest on-chain data, which is collected regarding Bitcoin mining, it shows that miners are actively accumulating Bitcoin at the moment, which hints at strong market mobility and acceleration moving forward into the future. It is a regular event that is known as Bitcoin halving, and it takes place every four years where … Read more
The Vice President of Legal affairs for Grayscale, Craig Salm, has recently told media that the legal team is currently bargaining with SEC on the matter of spot ETFs tied to Bitcoin. It is worth noting that after the newly appointed SEC Chief, Gary Gensler, greenlit the conditioned Bitcoin ETFs, three applicants were able to … Read more
China is not at home with the idea of decentralization, but then it never was. The only thing which troubles crypto analysts devising an understanding of why China is so against cryptocurrencies is the confusion that why didn’t China speak earlier when the crypto mining business was booming within the region? Why wait all those … Read more
The flagship cryptocurrency was reduced to the lowest price in months in the aftermath of the latest COVID variant scare. However, technical analysts claim that bullish sentiment is developing for the top coin based on several indicators. The independent crypto market analyst Michael Van De Poppe recently shared that owning to the boost in sentiment … Read more
Speaking to the media, IRS Chief, Jim Lee, claimed that the federal regulator is going to confiscate billions of dollars from the cryptocurrency market and traders in 2022. Commenting on the matter of crypto regulation, he claimed that 2021 was a great year for the organization. Chief Lee told Bloomberg Crypto that during the ongoing … Read more
