Old whales may have offloaded last year, but demand for BTC shows no sign of disappearing, the latest data reveals. Bitcoin (BTC) is being aggressively bought up at prices near $30,000 as bidders begin to soak up liquidity from short-term sellers.Data from on-chain monitoring resource CryptoQuant shows that as of late December, Bitcoin exchanges have begun to shed their BTC reserves once more.BTC conspicuously attractive at current levelsAfter a period of traders sending BTC to exchanges, possibly to sell or to have on the side to divest away from further losses, exchanges are now seeing....

Apparently, there are incredible traders in the Ethereum Foundation. Once again, they managed to cash out at the very top. On November 16th, ETH was worth an all-time high of $4891. On the very next day, the Ethereum Foundation sent 20,000 ETH to Kraken and sold them. Is this suspicious at all? Not per se, but this is the second time that they pull the same magic move.  Related Reading | Why The Ethereum Foundation Launched A Client Incentive Program A professional trader that goes by the name Edward Morra on Twitter was the first to spot the trade. “Friendly reminder that ETH....

The software behemoth Google has reportedly started a new blockchain-based division inside its Labs group. The division will also deal with other distributed computing and data storage technologies. While the company has been wary of associating with any form of cryptocurrency, Bill Ready, Google’s president of commerce, stated on January 19 they were paying a lot of attention to the area. Google Goes Blockchain Google, one of the biggest software companies in the world, is reportedly launching a new blockchain division as part of its Labs group. The blockchain division....

Bithumb users in South Korea have just two days to perform another round of KYC in order to whitelist their personal wallets, or crypto withdrawals will be blocked. Starting on Jan. 27, the South Korean crypto exchange Bithumb will not allow users to withdraw their crypto assets to unverified private wallets.On Jan. 24, the exchange announced that it would be the second of the four major exchanges in the country to ban withdrawals to unverified wallets. Coinone enacted a similar policy late last month and the other major exchanges are Upbit and Korbit.The new policy states that users may....

PRESS RELEASE. INTERNET CITY, DUBAI, Jan. 25 2022 – LBank Exchange, a global digital asset trading platform, will list ADENE (ADEN) on January 27, 2022. For all users of LBank Exchange, the ADEN/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on January 27, 2022. The gambling industry has become an empire that is owned by some powerful bodies (centralized casino system) who are solely making profits only for themselves. As the first fully decentralized game system of the 4th generation, ADENE (ADEN) is here to disrupt the gambling culture, end....

The pop-culture princess gifted everyone in the audience at ‘The Tonight Show’ with an NFT from her new upcoming collection with Super Plastic. The OG influencer Paris Hilton has continued her crusade into the Metaverse, saying that she sees it as the “future of partying, going out, interacting with people, and being social”.On Jan. 25, Hilton appeared as a guest on the ‘Tonight Show’ with Jimmy Fallon, where she spoke about her experiences in the NFT community.Hilton told Falon that she will be dropping her first NFT collection with Super Plastic on the Origin protocol “soon,” but didn’t....

Myanmar’s military-ruled government is proposing to enact laws that will see users of virtual private networks (VPN) and digital currencies being jailed for up to three years. In addition, offenders will be made to pay fines of up to $2,800. Draft Bill Open for Comments Myanmar’s military-ruled government is proposing to enact a law that outlaws the use of virtual private networks (VPN) and digital currencies in that country. Once enacted, violators of the new law not only face jail time but will be made to pay a fine. According to a report published by....

Ethereum extended decline below the $2,400 support zone against the US Dollar. ETH price is recovering, but it must clear $2,550 for a steady upward move. Ethereum extended decline below the $2,500 and $2,400 support levels. The price is trading below $2,500 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $2,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it fails to recover above $2,500 and $2,550. Ethereum Price Keeps Struggling Ethereum started a major decline after there was a close....

Nearly $14 million has been returned to BTC institutional funds over the past week, but Ethereum-based products are still seeing major outflows. After five weeks of constant outflows, institutional investment is finally trickling back into crypto funds with BTC the asset of choice and ETH falling out of favor.In its weekly Digital Asset Fund Flows report published on Jan. 24, crypto investment firm CoinShares observed inflows for some institutional products.It is the first time in five weeks that there has been a net positive inflow as $14.4 million re-entered the space with investors....

A recent note from Bank of America analysts said that a CBDC would differ from digital currencies currently available because it would be the liability of the Federal Reserve, not a commercial bank. It appears that the U.S. will finally be moving forward to create its own central bank digital currency (CBDC) according to the Bank of America.Bank of America crypto strategists Andrew Moss and Alkesh Shah wrote in a Jan. 24 note that CBDCs “are an inevitable evolution of today’s electronic currencies,” according to a Bloomberg report. The analysts wrote:“We expect stablecoin adoption and use....

Global investment bank Goldman Sachs has predicted that the metaverse could be an $8 trillion opportunity. Several others have similarly predicted that the metaverse is a multitrillion-dollar market. Goldman Sachs Says the Metaverse Could Be an $8 Trillion Opportunity Global investment bank Goldman Sachs has predicted that the metaverse could be an $8....

Bitcoin extended decline below $34,000 against the US Dollar. BTC is recovering, but it must clear $38,000 for a steady upward move. Bitcoin remained in a bearish zone below the $38,000 and $36,500 support levels. The price is now trading near $36,500 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $35,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a major increase if there is a clear move above the $38,000 resistance. Bitcoin Price Eyes Recovery Bitcoin price extended decline below....

Let’s cut to the chase: Glassnode thinks we’re in a bear market. In their latest “The Week On-Chain” newsletter, the company tries to “establish the likelihood that a prolonged bear market is in play” by “using historical investor behaviour, and profitability patterns as our guide.” One thing’s for sure, the recent crash was severe, and “such a heavy drawdown is likely to change investor perceptions and sentiment at a macro scale.” Related Reading | Bitcoin Leads As Markets Sees Record Outflows. Bear Market Incoming? How severe was it? According to Glassnode, “this is now the second....

The social media giant said that the “AI Research SuperCluster” supercomputer is already operational, and it expects it will be fully completed around the middle of the year. Facebook’s parent company Meta says that its newly-created artificial intelligence (AI) “Research SuperCluster” (RSC) will “pave the way” towards building the Metaverse.The social media giant said that it believes RSC is already one of the fastest supercomputers in the world and will snag the top spot when it’s fully operational in mid-2022, according to a Jan, 24 blog post unveiling the hardware. “Developing the next....

The results from a survey by the Game Developers Conference are in, and they reveal a deep-seated distaste for NFTs, crypto, and the Metaverse. A recent survey revealed that most game developers and their studios have no interest in developing or working with nonfungible tokens (NFTs) or crypto payments.The survey released by the Game Developers Conference on Jan. 21 titled State of the Game Industry 2022 polled 2,700 game developers on their level of interest in NFTs and cryptocurrency. Results were less than favorable for gamers themselves, who have shown great interest in NFTs.A....

The author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he will buy more bitcoin if and when the price of the cryptocurrency tests $20K. He noted that bitcoin’s price crashing is “great news,” adding that the “Time to get richer is coming.” Robert Kiyosaki Plans to Buy More Bitcoin Robert Kiyosaki, the author of Rich Dad Poor Dad, tweeted Sunday about the price of bitcoin and when he will buy more BTC. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York....

Europe’s country Kosovo bans cryptocurrency and Bitcoin mining due to spiking energy prices and blackouts. Amid the crack-down against Bitcoin mining, miners within the country have started selling off their mining equipment. The country uses low-quality coal harvested in large quantities in Kosovo called “Lignite” to fuel over 90% of its local energy. In doing […]

Non-fungible tokens, NFTs, continue to make waves within the crypto ecosystem as an excellent means for profitability. As a result, many new and recent collections are rising as headlines through their massive accumulation of funds. One of the trendy NFTs is Ghozali’s from an Indonesian youth who has sold over 1,000 selfies as NFTs on OpenSea. The selfies have been his daily collection for the past five years. The Indonesian boy, Sultan Gustaf Al Ghozali, is 22 years old and held from Semarang. Ghozali, currently studying computer science, decided to take daily selfies some years....

BTC price took an unexpected bearish turn in January, but are there any catalysts that could support a run to $100,000 in 2022? The internet is filled with Bitcoin (BTC) price forecasts. For example, some analysts believe that the flagship crypto will hit $1 million per coin in the next 10 years, while others think BTC price will eventually drop to zero.Without dwelling on predictions that are five or more years ahead of us, let us focus on what Bitcoin could do, say, in the next six months? Again, the forecasts vary drastically. For instance, Antoni Trenchev, the founder of Nexo Finance,....

Understanding El Salvador’s Bitcoin Law and dispelling FUD around Bitcoin adoption.In November of 2021, El Salvador hosted two Bitcoin conferences and a plethora of international Bitcoiners descended upon the country. Most Bitcoiners seemed bullish on El Salvador, however, some have criticized the roll-out as “heavy-handed and in contradiction to the Bitcoin ethos.” While it’s important to provide constructive criticism, verifying these claims is equally important. The implementation may be far from perfect; however, it’s vital to dispel the myth that El Salvador is forcing its citizens to....

The emergence of Lightning Hubs might suggest that Bitcoin’s leading Layer 2 protocol is centralized. So let’s compare it to fiat’s structure.Bitcoin custody provider Casa held its annual Keyfest conference this month, and with it came many conversations around Bitcoin privacy, security and the Lightning Network. And one very important question was raised in the Q&A portion of the first session of the second day, “Lightning Network And Privacy,” hosted by Casa’s Andrew Yang, Impervious Developer Anthony Ronning, Surebit Software Engineer Nadav Kohen and Blockstream Lightning Protocol....

''Get your shit together!" said Cardano founder Hoskinson to developers behind the two projects. The ongoing drama between two projects built on the Cardano (ADA) blockchain escalated across multiple social media platforms Monday, much to the dismay of the ADA community.The issues began in April when accelerator program CardStarter announced it would launch its own decentralized exchange or DEX. Shortly thereafter, its founders incentivized investors to provide liquidity for the project on Uniswap in exchange for native CSWAP tokens. The platform's developers landed an agreement with a....

Since the Cambridge Bitcoin Electricity Consumption Index (CBECI) project updated its mining map in mid-July, the United States has continued to dominate in terms of the amount of hashpower worldwide. Moreover, data shows that Foundry USA has managed to command the top pool position with 755 bitcoin block rewards mined during the last 30 days. The United States Commands a Large Concentration of Bitcoin Miners, 66 Exahash Recorded in the US on January 24 According to chainbulletin.com’s mining map, there is a large concentration of the Bitcoin network’s hashrate....

Bitcoin has had a rollercoaster of a month in January. The digital asset which enjoyed much success in 2021 has walked into 2022 with bloody feet. Since then, it has managed to crumble more than 50% of its $69K all-time high. As nerves run high, investors scramble to make sense of when the onslaught will cease. As bitcoin is yet to see any significant support below the $40,000 level, analyst says the worst may be yet to come. Bitcoin Has Lost Critical Support Level Pseudonymous analyst Dave the Wave is known in the crypto space for being one of the few to call the May crash. Last year when....

Ethereum has been the leading blockchain in the smart contracts space since it first became prominent. It has maintained this title through the decentralized finance (DeFi) and non-fungible tokens (NFTs) boom. However, there have been fast competitors that have popped up with the advent of both these new spaces which continue to battle ethereum for […]

The crypto market has seen sustained bloodshed in the past week, as Bitcoin and other cryptocurrencies drop into 2021 lows. The sector seems correlated with the U.S. Stock Market which has also been trending to the downside as investors prepared for a potential hike in interest rates. Related Reading | Russia’s Central Bank to Ban […]

Crypto prices continue to take a beating, but value-focused investors might consider taking a closer look at MATIC, FTM, DOT, FXS and CRV. The pain trade has been an unwelcome sight across the cryptocurrency market since the start of 2022 and over the past 24 days Bitcoin (BTC) and the altcoin prices have drifted, leading some analysts to suggest that a bear market is at hand.Despite traders' concern that another extended crypto winter could be starting, it times like these when investors can capitalize on great opportunities to pick up fundamentally sound cryptocurrencies at a....

Bitcoin isn’t on the same playing field as anything else — so it doesn’t make sense to waste time lashing out.The Fight For Bitcoin, Round One ”Everybody trying to PvP when the game is PvE.” – Edward SnowdenThe revolution will not be centralized. The ideal peaceful revolution that Bitcoin could be will not enable solely one class, one ideology or one political party to replace themselves as the new king of the hill. If Bitcoin's social consensus is commandeered by one homogeneous group, the necessary ideal of decentralization has failed. Bitcoin's governance is upheld by both social and....

PRESS RELEASE. Lasting for two months, the largest Metaverse Hackathon (called Metathon) organized by Metaverse Alliance and LD Capital has officially ended on January 21, 2022, PST. Over 100 contestants took part, with nearly 280 developers from 13 different countries engaged. To ensure the professionalism and fairness of the Metathon, 36 judges were invited from the leading funds such as Republic, Delphi Digital, Binance Labs, LD Capital, YGG, HashKey Capital, Huobi Ventures, OKEx Blockdream Ventures, KuCoin Labs, DHVC, NGC, SpringWind, Kardiachain, MEXC Pioneer, etc., top....

“Crypto mining operations are price-sensitive entities that may be quickly scaled back or shut down if mining becomes uneconomical," said the agency. Global credit rating agency Fitch Ratings is warning public power utilities across the United States to mitigate the risk crypto mining could post their production of power.In a Monday notice, Fitch Ratings said that only utilities in states like Washington, which have excess generation capacity, may be capable of meeting the power requirements of many crypto mining operations. The agency claimed that though some crypto mining firms can....

After trading lower for the majority of Monday’s session, cryptocurrency prices were slowly starting to find support, with a few markets rallying, as we headed toward the end of the day. Cosmos One such crypto was cosmos (ATOM), which was the biggest gainer in the top 20, climbing by almost 10% to start the week. ATOM/USD climbed to an intraday high of $36.23, which is around $10 from its all-time high (ATH), which it hit on January 7th. Monday’s move came as prices rebounded from the recent support level of $31.00, after briefly falling to a secondary....

Russia, one of the world’s most crypto influential nations, announced its intentions to regulate these digital currencies. The Russian Central Bank recently proposed a ban on crypto mining and trading within its borders. Citing threats that could affect financial stability and citizens’ wellbeing. The global cryptocurrency craze has gone too far. Governments are getting scared […]

A popular Github contributor called mcclure built a browser plugin that autoblocks Twitter accounts using NFT profile pictures. That was quick. Within 24 hours of the launch of the Twitter nonfungible token, or NFT, profile pictures for iOS update, a github contributor called mcclure has coded up and shared a browser extension that automatically blocks Twitter accounts using an NFT profile picture.The program called NFTBlocker blocks paying subscribers of the Twitter Blue for iOS service who choose to display an NFT as their profile picture. The extension works with Chrome and Firefox on....

"This would end the potential corruption of lawmakers pursuing policy outcomes that benefit their portfolios,” said 27 members of the U.S. House of Representatives in a letter calling for a ban on stock trading. Congresspeople currently HODLing or actively trading in crypto may have to stop doing so while in office if recent pushes to ban lawmakers from investing in stocks gain enough support.In a Monday letter addressed to Speaker Nancy Pelosi and Minority Leader Kevin McCarthy, 27 members of the U.S. House of Representatives called for action “to prohibit members of Congress from owning....

Solana has proven itself to be a worthy competitor of ethereum and other leading smart contracts platforms in the space. It has shone through in terms of speed, performance, and transaction fees, all of which have beaten out that of top competitor ethereum. Despite this, the smart contracts network has fallen short in a few […]

As digital asset markets have shed significant value during the last two weeks, the top meme coins by market capitalization have dropped considerably against the U.S. dollar. The top meme asset dogecoin has lost 23.9% over the last seven days, while shiba inu’s value was reduced by 31.1% this week. Dogecoin Down 80% Since All-Time High, Shiba Inu Down 75% Since High On Monday, January 24, 2022, the top meme coins by market capitalization have lost 3.1% over the last day. Currently, the myriad of meme tokens today account for $36 billion of the $1.7 trillion crypto....

Top traders are starting to search for optimal long entries for BTC even as concerns about the Federal Reserve’s new policy directive weighs on stocks and crypto markets. Bears remain in full control of the cryptocurrency market on Jan. 24 and to the shock of many, they managed to pound the price of Bitcoin (BTC) to a multi-month low at $32,967 during early trading hours. This downside move filled a CME futures gap that was left over from July 2021.Data from Cointelegraph Markets Pro and TradingView shows that the $36,000 level was overwhelmed in the early trading hours on Monday, leading....

The Bank Of Korea has effectively concluded the pilot testing of the issuance and distribution of their digital currency. It has also gone to state that BOK will have the central bank digital currency testing program ready by June of 2022. The Bank of Korea has wrapped up the principal phase of its two-part mock […]

Even as crypto markets succumb to bearish pressure, venture capital funds are deploying millions of dollars into blockchain startups. Singapore-based Blockchain Founders Fund has launched a new venture capital fund to support emerging projects in the cryptocurrency, metaverse and Web3 sectors, offering further evidence that investors are still keen to back major growth trends in the digital asset market. Blockchain Founders Fund II, also known as BFF II, has raised $75 million from various investors across the blockchain and crypto industry, including NEO Global Capital, Appworks, Baksh....

Scammers appear to be taking advantage of an OpenSea bug in order to purchase valuable NFTs at a considerably cheaper price than their current listing. Several researchers and developers have detailed the ongoing problem, with some claiming that specific NFTs worth hundreds of thousands of dollars have been stolen by exploiting the platform’s bug. OpenSea […]

Following the crash to $35k, the Bitcoin open interest has declined to September 2021 levels. This may suggest that the market volatility will be lesser in the near future. Bitcoin Open Interest Drops To Similar Levels As In September 2021 As pointed out by an analyst in a CryptoQuant post, the BTC open interest has decreased to similar levels as last September following the crash. The “open interest” is an indicator that measures the total amount of Bitcoin futures contracts currently open in the derivatives market. The metric accounts for both long and short positions. When....

On-chain data suggests there may have been a strong correlation between the Bitfinex Reserve and the Bitcoin price during the crash to $35k. Bitfinex Reserves Rose Sharply As BTC Price Plunged Down To $35k As pointed out by an an analyst in a CryptoQuant post, the movement in the Bitfinex reserve seems to have had […]

What do market corrections mean for crypto traders? And how can trading bots be used to an investor’s advantage? How to apply automated trading in times of correction?Investors looking to leverage automated trading must first select a platform, determine their strategy and begin implementation.With the rising of automated trading platforms, users now have a greater selection than ever before, each of which is designed to simplify the process for new and experienced investors alike.TradeSanta is a cryptocurrency trading bot used across the cryptocurrency industry, allowing users to take....

Bitcoin and most altcoins have fallen to key support levels, but the current trading setup suggests traders lack the confidence to chase after an oversold bounce. Bitcoin (BTC) and most major altcoins are struggling to find a bottom, indicating that traders are dumping their positions out of fear. The big question on everyone’s mind is whether the selling is over or could the decline continue?UTXO Management senior analyst Dylan LeClair highlighted that the network cost basis, the average price at which Bitcoin was last moved by various investors, is $24,000 and historically, the ratio of....

The selloff in cryptocurrencies continued to start the week, with bitcoin falling to its lowest level since July. Ethereum was also trading in the red, hitting multi-month lows in the process. This comes as the overall global market cap in cryptos was down close to 9% at the time of writing. Bitcoin Bitcoin (BTC), which has been the main focus of the recent decline in crypto prices, was trading 3% lower on Monday (at the time of writing), and almost 20% down from its position at the same time last week. As of writing, BTC/USD hit an intraday low of $33,184.06 during....

A third party will handle the conversions to U.S. dollars and enable real estate purchases with bitcoin in four states.Harbor Custom Development will accept bitcoin for its real estate properties.The company said the integration would be facilitated by a third party, which would also handle an escrow arrangement.Harbor operates in Washington, California, Texas, and Florida.Real estate development company Harbor Custom Development Inc. will start accepting bitcoin as payment for its listed land, developed lots, residential homes, condominiums, and apartments in four U.S. states, according....

As the Federal reserve releases its position paper on CBDCs, the Russian Central Bank instigates yet another crypto ban scare. Last week, two central banks dropped public reports that can have a sizable impact on the crypto landscape in their respective countries and beyond. The U.S. Federal Reserve published a discussion paper entitled “Money and Payments: The U.S. Dollar in the Age of Digital Transformation,” which summarizes years of the Fed’s research on CBDCs. Meanwhile, the Central Bank of Russia released a report that called for a blanket ban on domestic cryptocurrency operations....

The Biden administration is apparently all set to issue an executive order outlining government-wise cryptocurrency strategy. This shall be released early next month and will be presented by President Joe Biden. The idea behind this report is to provide a detailed, comprehensive and extensive strategy on cryptocurrency along with recognising risks and opportunities of the […]

It appears this was a coordinated effort targeting prominent crypto YouTubers, not just Coin Bureau. Coin Bureau, a popular information portal for cryptocurrency developments with over 600,000 followers on Twitter, experienced a security breach on its Youtube channel on Monday. Hackers allegedly uploaded a video with links to scam fiat/cryptocurrency addresses soliciting a token sale before being taken down by Youtube. According to Coin Bureau staff, they were baffled by the incident as its accounts were "secured with ultra-strong passwords and Google security keys."So our YouTube channel....

The U.S. Securities and Exchange Commission (SEC) has brought 97 cryptocurrency enforcement actions so far. Furthermore, the securities regulator has imposed approximately $2.35 billion in total monetary penalties against digital asset market participants. 97 Crypto Enforcement Actions Cornerstone Research published a report titled “SEC Cryptocurrency Enforcement: 2021 Update” last week. The report analyzes SEC enforcement activities from July 2013 to December 2021, the company detailed, elaborating: Since the first action in July 2013, the SEC has brought a total of 97....