Bitcoin (BTC) has been sustaining above $54,000 for the past few days but that has not resulted in euphoria among investors. Google Trends data shows that Bitcoin search interest has not picked up in recent days and is nearing one-year lows. Some analysts believe that this is a sign that only stronger hands are accumulating.
Month: October 2021
After China has reigned for a number of consecutive years as the dominant bitcoin mining epicenter of the world, the United States has “taken the leading position in bitcoin mining,” according to new data from Cambridge University. Data Shows US, Kazakhstan, Russian Federation Rule the Bitcoin Mining Roost In mid-July, researchers from the Cambridge Bitcoin
The ongoing price boom in the Binance Coin (BNB) market is painting a classic bullish chart pattern with an upside target of $560. Dubbed as Cup and Handle, the pattern appears when the price forms an advance that appears like a U-shaped trend (Cup). That follows up with a formation of a descending channel range
Anthony Albanese, chief operating officer of Andreessen Horowitz’s (a16z) crypto division, and Katie Haun, general partner at the firm, are among a high-powered delegation from the venture capital giant who will engage with lawmakers and administration officials in the United States on crypto regulations. According to CNBC on Wednesday, the move is part of efforts
Financial regulators in the Baltic country of Estonia want to revoke all crypto exchange licenses in an effort to start the entire regulatory regime anew. Matis Mäeker, head of the Estonian Financial Intelligence Unit (FIU), has urged the state to “turn the regulation to zero and start licensing all over again,” local state-run news agency
The Beautiful Game. Soccer, or football, as those living in the “old world” tend to call it. It’s a sport that has many names, a sport that commands a support base of some 4 billion people. The power of football is undeniable. Its best players, the Ronaldos and the Messis, are some of the most
Bitcoin (BTC) saw a widely anticipated pullback on Oct. 13 as bulls struggled with February’s old all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analysts unfazed by BTC’s price pullback Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing from five-month highs to briefly wick below $54,000 on Bitstamp. After recovering to around $55,000,
Kenya has the fourth-highest interest in cryptocurrency globally, a new research study by Broker Chooser has found. According to the study, only three countries — Ukraine, Russia, and the United States — have had higher searches for cryptocurrency in the last 12 months than Kenya. Crypto Searches in Kenya Highest in Africa According to a
Australian lawmakers are taking a tougher stance against ransomware with a new plan that increases penalties for offenders. The new measures and proposed Surveillance Legislation Amendment announced by the federal government on Oct. 13 come after a 60% surge in cyberattacks on Australian businesses and state agencies last year. According to reports, these incursions cost
Crypto asset investors may have a longer wait for a Bitcoin futures exchange-traded product according to Todd Rosenbluth, the senior director of ETF and mutual fund research at research firm CFRA. Speaking on CNBC’s “ETF Edge” on Oct. 12, Rosenbluth stated that while a Bitcoin futures product is likely to be the first crypto ETF
Ethereum’s native token Ether (ETH) rallied by more than 15% in the first twelve days of October. But, compared to Bitcoin’s (BTC) 30% gains in the same period, the second-largest cryptocurrency is currently in a downtrend when priced in BTC. So far into October (and the fourth quarter of 2021), the ETH/BTC exchange rate has
Cryptocurrency exchange Coinbase is launching a peer-to-peer marketplace for non-fungible tokens (NFTs). The Nasdaq-listed company says that “Coinbase NFT” will make “minting, purchasing, showcasing, and discovering NFTs easier than ever.” In addition, Coinbase says, “We’re going to grow the creator community exponentially, a win for artists and for fans.” Coinbase NFT to Help Grow Creator
While Russia continues to enforce a ban on cryptocurrency payments as part of a law which took effect in January, the country has no plans at this time to completely prohibit trading by its citizens. According to an Oct. 12 report from local news agency Interfax, Alexey Moiseev, the deputy finance minister of the Russian
Bitcoin (BTC) liquidity is changing — and it could mean that hodlers will get a fresh “buy the dip” opportunity. As noted by on-chain analyst Material Scientist on Oct. 12, orderbook movements are now repeating behavior from August. Orderbook data boosts bull case What was Bitcoin’s initial “renaissance” month after hitting mid-cycle lows of $29,000,
Bitcoin had been underperforming most altcoins for the past two months, but that trend reversed this week when (BTC’s) 20% rally pushed its market capitalization to break the $1 trillion mark on Oct. 6. That shifted investors’ attention back to the leading cryptocurrency, and altcoins are currently in the red for the day. The current
Ether (ETH) price is lagging Bitcoin’s (BTC) price action by 13% in October, but is this relevant? To date, the altcoin has still outperformed BTC by 274% in 2021. However, traders tend to be short-sighted and some will question whether the Ethereum network can successfully migrate to proof of stake (PoS) validation and finally solve
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