Your favorite trader is saying Bitcoin (BTC) bottomed. At the same time, the top on-chain indicators and analysts are citing the current price range as a “generational buy” opportunity. Meanwhile, various crypto and finance media recently reported that Bitcoin miners sending a mass of coins to exchanges are a sign that $17,600 was the capitulation move that pins the market…
The TON Foundation, an organization developing the Telegram-initiated blockchain project, the TON blockchain, on Tuesday officially announced that TON miners have mined the final toncoin. “Tens of thousands of miners have mined the entire issuance of toncoins, which was about 5 billion tokens,” TON Foundation founding member and core developer Anatoly Makosov said in a statement to Cointelegraph. The last…
Cardano (ADA) has started painting a bearish continuation pattern on its longer-timeframe charts, raising its likelihood of undergoing a major price crash by August. ADA price in danger of a 60% plunge Dubbed the “bear pennant,” the pattern forms when the price consolidates inside a range defined by a falling trendline resistance and rising trendline support after a strong move…
The embattled crypto lending platform Celsius has kept withdrawals and transfers frozen since June 12 and told the Celsius Network community that the “process will take time.” Since then, Celsius users are wondering why they are still receiving weekly rewards, and reportedly the company’s management has been arguing with its lawyers over whether or not the business should file for…
James Hume, head of sales at Huobi Global, says while some institutional investors have gotten “cold feet” over crypto, many with billions of dollars are exploring the space. Speaking to Cointelegraph at the European Blockchain Convention on Tuesday, Hume said that the crypto exchange had observed increasing interest from institutional investors within the last 1-2 years in entering the digital…
Brazil’s largest digital bank, Nubank, has rolled out bitcoin buying capabilities to all its 53.9 million customers. The Warren Buffett-backed fintech had announced the feature in May through a blog post, mentioning how the option would be rolled out in phases. At the time, the company also made a treasury allocation to bitcoin. The blog post was updated on Monday…
The recent downturn in the broader crypto landscape has highlighted several flaws inherent with proof-of-stake (PoS) networks and Web3 protocols. Mechanisms such as bonding/unbonding and lock-up periods were architecturally built into many PoS networks and liquidity pools with the intent of mitigating a total bank run and promoting decentralization. Yet, the inability to quickly withdraw funds has become a reason…
XTZ rose to its highest point in nearly three weeks on Tuesday, as the token climbed for a second straight session. The move came as FLOW was also trading higher, as prices of the coin moved closer to $2. Overall, crypto markets were 0.90% lower as of writing. Tezos (XTZ) XTZ rose to a multi-week high on Tuesday, leading prices…
Breitling now accepts bitcoin.The Swiss watchmaker has added BitPay’s cryptocurrency payments service to its website, allowing customers to choose BTC on checkout.TAG Heuer and Hublot have recently made similar announcements. Luxury watchmaker Breitling now accepts bitcoin payments. The Swiss watch manufacturer teamed up with cryptocurrency payment services provider BitPay to enable the new payment method in its online store. “Luxury…
Bitcoin-only broker, Bitcoin Reserve, now allows its users to purchase L-BTC.L-BTC is a Liquid Asset used in Blockstream’s layer two application for Bitcoin.The asset allows users to interact with the app for little-to-no fees, enhanced privacy, and more extensive features than found on the Bitcoin blockchain. Bitcoin Reserve, an Estonia-based bitcoin-only brokerage belonging to the Liquid Federation, now allows the…
