Crypto News
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Yuga Labs and ApeCoin DAO seem divided as community votes in favor of…
The fates of many chimpanzees stranded in the shuttered Wildlife Waystation in the Angeles National Forest depend on building permanent new homes. Well, apes in the cryptocurrency world are suffering the same fate. Finding a place to call ‘Home’ ApeCoin‘s potential home is currently stuck in the middle of two different opinions from two key community members. Yuga Labs, the…
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ICP: Despite the strong surge recently, here is why shorting could be profitable
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. ICP surged by nearly 30% over the previous day but was forced to pull back from the $9.8 resistance zone. Can bulls break this supply zone? The trading volume was high, which suggested strong demand. Yet, the higher timeframe market…
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Uniswap: Why traders shouldn’t miss out on these key entry and exit levels
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. After taking a turn from the $12-mark, Uniswap (UNI) swiftly swooped south in its extended bear run. While the sellers kept ramping up the pressure, they flipped the seven-week trendline support to resistance. An undesired close below the $4.79…
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Miners are migrating from Bitcoin to Ethereum to mine because…
Bitcoin and Ethereum miners, both have made a significant chuck in revenues over the years as demand skyrocketed. However, 2022 might come as a surprise especially for the largest cryptocurrency. January proved to be a tough month for Bitcoin miners. Miners generated approximately $1.2 billion in revenue during the first month of 2022. While the figures seem impressive, the total…
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Bitcoin: How BTC’s recent crash has aggravated its chances of touching $20k
Bitcoin price has continued its descent after breaching an extremely bearish continuation pattern. The recent sell-off seems to be happening after the FOMC meeting and suggests that is mainly driven by long-term holders that purchased BTC in 2021 and 2022. Bitcoin price in search of stable footing Bitcoin price has created a bearish continuation pattern referred to as a bear…
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Bitcoin reversal or further downside? The answer is thought-provoking
Bitcoin’s price trajectory has taken a full-blown hit. Recently, Bitcoin broke down from its support of $33,610 which was a multi-month higher low dating back to mid-2021. Thus, leaving a sense of unrest among investors and HODLers. However, when considering the moving average of the last 200 days, Bitcoin has dipped only 10% since the first halving as per a tweet by…
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Joe Biden’s Executive Order on Crypto Calls for Consumer Protection, CBDC Consideration, Tech Innovation Support
Joe Biden. Source: a video screenshot, Sky News / YouTube The US White House has confirmed that President Joe Biden will sign an Executive Order on digital assets that will outline recommendations for consumer protection and financial stability in the US, as well as formally consider a US central bank digital currency (CBDC). The order does not contain any…
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‘Powerful’ Resistance Money Gets Traction as Bitcoin & Crypto Donations Soar in Ukraine Amid Conflict With Russia
Hacker groups and traditional resistance movements in Ukraine are increasingly using cryptoassets as a way to fund their activities and bypass traditional financial services providers. Donations to groups involved in the conflict with Russia have totaled several hundred thousand dollars, with donations increasing by more than 900% in 2021, blockchain analytics firm Elliptic said in their latest report. Among the…
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Nike Asks NY Court to Block Reseller StockX from Selling NFTs of its Shoes
Nike has filed a civil case in the United States against the Detroit-based online fashion resale platform StockX, claiming that the latter uses unauthorized images of its footwear in non-fungible token (NFT) offerings. In a 50-page complaint submitted to the New York Southern District Court, Nike’s lawyers claimed that StockX’s Vault NFT offerings infringe on its trademark rights and claimed…
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