The price of bitcoin is down 16% over the last 30 days and since the crypto asset’s all-time high (ATH) on November 10, 2021, bitcoin has lost more than 38% since it surpassed $69K per unit that day. Meanwhile, crypto advocates are furiously debating whether this is a bitcoin bear market or if the bull market is still intact. To…
Despite cryptocurrency markets dropping to multi-month lows, major cryptocurrencies like Bitcoin (BTC) and Ether (ETH) are likely to hit new all-time highs in 2022, according to a Bloomberg analyst. BTC and ETH will be heading toward $100,000 and $5,000 this year, respectively, Bloomberg Intelligence analyst Mike McGlone forecasted in his latest market analysis published on Thursday. “A key issue we…
Watch This Episode On YouTube Listen To This Episode: In this episode of Bitcoin Magazine’s “Fed Watch” podcast, Christian Keroles and I recorded live on YouTube as part of the magazine’s near-daily live stream. This week, we reviewed the major trends and news items of 2021 and then dive into predictions for 2022 trends. Bitcoin And Macro Review For 2021 Keep…
Bitcoin (BTC) consolidated above $42,000 prior to Wall Street’s opening bell on Jan. 7 as more similarities to last year’s lows emerged. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC “very closely” mimicking May behavior Data from Cointelegraph Markets Pro and TradingView tracked a nervous Bitcoin market as BTC/USD avoided another retest of $40,000 support. Earlier, after briefly falling below $41,000,…
Award-winning rapper Nas will release nonfungible tokens (NFTs) that will let his fans own a stake in two of his songs, “Ultra Black” and “Rare.” Users who buy and hold the NFTs, dubbed limited digital assets (LDAs), will get a specific percentage of streaming royalty ownership depending on the token that they hold. “Ultra Black” comes from Nas’ 2021 Grammy award-winning…
2021 was an exciting year for crypto, with several well-known — some unexpected — brands entering the crypto sector. Here’s looking at you, Charmin, and your toilet paper nonfungible tokens (NFTs). The year saw its fair share of moments that had crypto enthusiasts on the edge of their seats. While many people continued to talk generally about the revolutionary power…
Boba Network, an L2 (layer 2) expansion layer for Ethereum, has announced the launch of what it calls “Wagmi” options as a way of incentivizing builders and supporters to be invested in the project. The incentive programs will be distributed amongst different projects on the chain and will be based on various indicators such as active wallets and project-specific total…
The estimated leverage ratio for Bitcoin (BTC) hit a new all-time high last night according to CryptoQuant. Further metrics point to growing leveraged interest, but liquidations have remained relatively low. According to on-chain analytics resource CryptoQuant, while the Bitcoin price fell off a cliff over the past 24 hours, the estimated leverage ratio reached 0.224, an all-time high. The metric…
In recent months, reports have circled around Manchester City’s partnership with the little-known cryptocurrency company 3Key Technologies. In November, The Times reported that Manchester City had suspended their partnership with the firm over questions relating to the identities of senior executives at the firm itself. 3Key Technologies, The Times reported, is allegedly registered in Seychelles, although no proof of its…
press release PRESS RELEASE. We work harder every year to increase production of the consumer goods that meet everyone’s needs, but in many parts of the world, water pollution, over-fishing and environmental degradation are making the job increasingly difficult (and dangerous). The world’s population is growing and the oceans are becoming increasingly polluted. Our oceans have become “plastic soups”. In…
