A Bitcoin price dip for ants? BTC quickly rebounds to a new high above $57K
The price of Bitcoin achieved a new all-time high above $57,800 after a brief overnight correction. The price of Bitcoin (BTC) dipped to as low as $53,905 on Binance overnight, recording a sudden 6% drop. But despite the minor correction, the price of Bitcoin quickly recovered thereafter, reaching a new all-time high above $57,800 on Feb. 21.BTC/USDT 4-hour price chart (Binance). Source: TradingView.comWhy did Bitcoin drop and recover so quickly?Although Bitcoin saw a steep drop within merely hours, analysts pinpointed that it fell to the exact bottom of a short-term trendline.John Cho,....
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If you can understand the organization of ants, you can understand MaidSafe.[1]. Alone, by itself, an ant is both vulnerable and easily marginalized. Yet when working with the rest of the colony, ants with roughly the same petite attributes can take down larger prey, clear paths and protect the mound from disasters (both natural and man-made). I spoke with David Irvine, the CEO of MaidSafe and he used this type of analogy to describe how the decentralized attributes of MaidSafe works. MaidSafe bills itself as a wholly decentralized internet wherein it acts as a decentralized storage....
A look at how DeFi protocols have fared during the recent bear market and the importance of continuing to build during market downturns. Decentralized finance (DeFi) has been one of the fastest-growing sectors in the crypto space since its emergence in 2018. However, like many other sectors, DeFi has seen a negative impact in the current bear market.While 2022's downturn has taken its toll many DeFi projects — and the cryptocurrency space in general — some continue to build.Bear markets, while difficult for investors, can spark game-changing breakthroughs in the industry, and a new era of....
Eight years ago, David Irvine launched a company with modest ambitions: to decentralize the Internet. MaidSafe aims to offer an alternative to the widespread use of servers: a decentralized data network on which decentralized applications can be built. The Scotland-based platform held a successful crowdsale to raise funding earlier this year, netting $6m in under six hours. Five hundred developers, MaidSafe says, have since joined its ranks. Decentralization is a persistent theme that has surfaced again and again in the cryptocurrency community, but Irvine has his own unique take on the....
'Bitcoin Rich List' broke its all-time high as bitcoin's price continues to rally.
The Bitcoin price has just broken the all-time high of $31.9099 that it set on June 9, 2011 on MtGox. After a persistent, one-and-a-half month rally from $13 to $28, followed by nearly two weeks of bumping up against $30 and then hovering around the $28-$31.5 range, the bulls have finally won, and the currency struck a new high of $31.94 at 14:40 GMT on February 27 before quickly breaking past $32. The final rise was precipitated by a single buy order of over $100,000 USD, quickly reversing a temporary drop from $31.5 to $30.9 and leading to the price bumping against $31.89 for half an....