Illiquid supply ‘going up relentlessly’ — 5 things to watch in Bitcoin this week
It may have dropped to six-month lows, but Bitcoin is still the subject of an increasing supply squeeze. Bitcoin (BTC) is starting the final week of January in a place…
Russian tech and political executives denounce crypto ban proposal
Telegram CEO Pavel Durov wrote that the proposed ban on crypto would “destroy a number of sectors of the high-tech economy” in a recent post on his massaging platform. Russia’s…
Crypto YouTubers fall victim to hacking and scamming attempt
Many of the affected accounts noticed the fraudulent videos and removed them from their channels within minutes of them being posted. Hackers attacked a number of popular crypto YouTuber accounts…
UBS Warns of Crypto Winter Amid Expectation of Fed Rate Hikes and Regulation
UBS, Switzerland’s largest bank, has warned about a crypto winter where prices crash and may not recover for years. The bank’s analysts explained several major reasons affecting the prices of…
Biden Administration Preparing to Release Government-Wide Crypto Strategy: Report
The Biden administration is reportedly drafting a government-wide cryptocurrency strategy as an executive order. The directive is expected to be presented to President Joe Biden in the coming weeks. The…
XRP Price Prediction: XRP/USD Trade Experiences a Free Fall-Off
XRP/USD Trade Experiences a Free Fall-Off – January 23In the process of extending the current bearish-dominating condition of the XRP/USD market activities, the crypto-economic trade now experiences a free fall-off…
Bitmain Reveals Hydro Bitcoin Miner With 198 Terahash, Produces Almost Double the Power of Today’s Top Machines
One of the largest bitcoin mining rig manufacturers in the world, Bitmain announced the launch of a new bitcoin miner that boasts speeds of up to 198 terahash per second…
Bitcoin’s Price Drop and the Network’s Higher Difficulty Squeezes BTC Mining Profits
After Bitcoin’s mining difficulty jumped to the highest value ever at 26.64 trillion, the overall hashrate slumped a hair due to the rise in difficulty and lower bitcoin price. This…
Low Volumes Across Crypto Spot Markets and Derivatives Indicate Bearish Conditions
Digital currency markets have slipped significantly in value during the last two weeks and the lower prices have not sparked higher trade volumes. Data shows cryptocurrency spot market volume has…
Blockchain metaverse ecosystems gain traction as brands create digital experiences
Blockchain-based metaverse environments allow brands to offer more user benefits, such as increased interactivity and ownership of virtual items, but will it catch on? Billion-dollar companies are taking the Metaverse…
Vibe killers: Here are the countries that moved to outlaw crypto in the past year
From Bolivia to China, governments sought to restrict crypto-related activity for various reasons and with different tools. Last week, Pakistan’s Sindh High Court held a hearing on the legal status…
Top 5 cryptocurrencies to watch this week: BTC, LUNA, ATOM, ACH*, FTM
BTC is oversold and possibly ready for a relief bounce, but this could be a trap for altcoins and Bitcoin if bull volume fails to sustain. Bitcoin (BTC) fell close…
When and why did the word ‘altcoin’ lose its relevance?
“Altcoin” has referred to all cryptocurrencies other than BTC since the advent of ETH. Today, however, many no longer qualify as altcoins. All cryptocurrencies other than Bitcoin (BTC) were first…
Bitcoin Price Prediction: BTC/USD Calms at $35,000 Resistance Level
Bitcoin Price Prediction – January 23 The Bitcoin price prediction shows that BTC is expected to break out from the current short-term pattern and move towards the $36,000 level. BTC/USD…
Cryptocurrency market continues with its downtrend
The cryptocurrency market has been in a recession for most of the week, with the price dip causing liquidations across the market. The primary cryptocurrency, Bitcoin, has not been spared…