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Bitcoin Dominance Rises as BTC Tapped 5-Month High at $24K: Market Watch
Despite touching $24,000 hours ago, BTC was rejected there and has slipped by almost $1,000. Bitcoin initiated another leg up in the past 24 hours, tapping a new five-month high at just under $24,000. The altcoins are slightly in the red on a daily scale, which has helped the BTC...
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BlockFi Wins Approval to Arrange Auction for Mining Business
BlockFi is poised to sell its mining machines while Bitcoin’s price remains at local highs. Bankrupt crypto lending platform BlockFi received court approval to put its Bitcoin mining business up for auction. The company plans to sell its equipment as fast as possible, to take advantage of currently favorable...
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Binance Taps Mastercard to Introduce Crypto Prepaid Card in Brazil (Report)
The Binance card is still being tested and should become widely available in the next few weeks. The world’s largest cryptocurrency exchange – Binance – joined forces with the multinational financial services giant – Mastercard – to launch a prepaid card in Brazil. The partners...
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Crypto Investment Trends That Will Define 2023: Report
Crypto has always had an image problem, something that escalated after a brutal 2022. Less than a month into the new year, the market is already showing sustainable signs of recovery, and the “creative destruction” that transpired could ultimately be a huge win not just for the consumer but also in terms of regulatory protections and rapid innovation, as well as lowered cost structures.
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What Is Happening With China and its Crypto Approach?
China has had a tumultuous relationship with the cryptocurrency sector and the speculation regarding a comeback is growing. Last year’s industry-wide meltdown has haunted Asian firms as they cautiously plot their recovery. China was once a hotbed for crypto mining and trading. Even after announcing a blanket ban on all digital asset activities more than a year ago, there’s reason to believe that the country may make a comeback in the space.
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Avalanche Skyrockets 14%, Bitcoin Calm at $23K (Weekend Watch)
The alternative coins have outperformed bitcoin in the past 24 hours. Bitcoin initiated another leg up late on Friday and tapped $23,500 but was stopped in its tracks and has returned to familiar ground. Most altcoins have charted more impressive gains, led by Avalanche, MATIC, OKB, Dogecoin, and others. Bitcoin...
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DemaTrading.ai Survey Shows Poor Customer Service Is Costing Crypto Exchanges
[PRESS RELEASE – Amsterdam, Noord-Holland, 27th January 2023]. Index solution provider DemaTrading.ai has conducted a wide-ranging survey of the leading cryptocurrency exchanges. Its results are drawn from conversations with over 30 exchanges and 50 investors and reveal some of the most common reasons why exchange customers stay inactive. The...
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BTC Sharply Rejected at $24K Again, is a Correction Imminent? (Bitcoin Price Analysis)
Over the last week, Bitcoin has seen many bullish on-chain and technical signals. However, reaching a significant resistance level at $24K, there has been a battle between the bulls and the bears. The main question is whether it is the beginning of a bull market or just a bull trap.
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South Korea to Build a Crypto Tracking System to Prevent Cybercrime: Report
The planned security system is the next step in Korea’s plan to stop fraud and theft carried out by crypto-savvy cybercriminals. South Korea has long been a very important market for crypto exchanges and DeFi platforms. FTX, for instance, reportedly made a fortune off of the so-called Kimchi Premium,...
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El Salvador’s Bitcoin City Wins an International Design Award (Report)
The LOOP Design Awards honored the innovative Bitcoin City for its architecture and interior design. The LOOP Design Awards reportedly recognized the Bitcoin City of El Salvador’s government as one of the most outstanding projects in interior design and architecture. When completed, the metropolis will use the energy released...
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