Bitcoin (BTC) could undergo a massive price recovery in the coming months, based on an indicator that marked the 2015 and 2018 bear market bottoms. What’s the Bitcoin Pi Cycle bottom indicator? Dubbed “Pi Cycle bottom,” the indicator comprises a 471-day simple moving average (SMA) and a 150-period exponential moving average (EMA). Furthermore, the 471-day SMA is multiplied by 0.745;…
In brief Magic Eden, the top Solana NFT marketplace, has launched a Web3 gaming investment arm. Magic Ventures aims to make strategic investments and onboard developers into Web3 via Magic Eden’s infrastructure. Magic Eden is the largest NFT marketplace in the Solana ecosystem, and recently raised a war chest of funds that valued the young startup as a crypto unicorn.…
The price of cryptocurrency mining hardware is likely to continue falling in the near future amid the ongoing crypto winter, according to an executive at major Bitcoin (BTC) mining pool F2Pool. F2Pool, one of the world’s biggest Bitcoin mining pools that supports 14.3% of the BTC network, released its latest mining industry update on Tuesday. Focusing on June 2022 BTC mining…
Three Arrows Capital (3AC) co-founder Su Zhu broke a month-long silence today, taking to Twitter to post screenshots of a recent email from Advocatus Legal LLP, the law firm acting on behalf of 3AC, sent to legal representatives of the Singapore-based firm’s liquidators. One of the letters that have been made public accuses Russell Crumpler and Christopher Farmer, who were…
While some believe that Ethereum’s upcoming shift to proof-of-stake (PoS) may push the platform to eventually surpass Bitcoin (BTC), others take this opportunity to make snarky remarks on Twitter, triggering a rebuttal from Vitalik Buterin, a co-founder of Ethereum. In a tweet, Bitcoiner Nick Payton called out “Proof-of-Stakers” and argued that voting to change the properties on PoS platforms proves that…
Multicoin Capital, the crypto investment firm known for its backing of multiple Web3 and DeFi projects, announced its third $430 million venture fund. Multicoin plans to use the fund for investments in projects that are “poised to reshape massive consumer-facing markets,” the firm said in an announcement shared with Decrypt. Last year, Multicoin closed its second $100 million venture fund…
BTC fell below $20,000 on Tuesday, as volatility in financial markets continued to peak, due to current levels of inflation. The euro fell to its lowest level against the U.S. dollar in over twenty years, and this dollar strength seems to be impacting crypto prices. ETH also slipped, falling below $1,100. Bitcoin Bitcoin dropped below $20,000 during Tuesday’s trading session,…
Switzerland’s Post Office is set to onboard cryptocurrency trading through its banking arm PostFinance as user appetite for custody grows in the country. Some 2.6 million users that currently bank with PostFinance, the fifth largest bank in the country, are expected to be able to buy and sell Bitcoin and other cryptocurrencies through an inhouse trading and custody service in…
This is an opinion editorial by Stephan Livera, host of the “Stephan Livera Podcast” and managing director of Swan Bitcoin International. It’s time to clear a few things up. While there has been a lot of digital ink spilled over the years debating the concept of Bitcoin Maximalism, we seem to be going back to some of the same arguments…
A Nigerian fintech, Moove, recently secured a $20 million investment from British International Investment (BII). Moove said the funds will be used to democratize access to vehicle ownership in Africa. Credit Extended Based on Drivers’ Performance and Revenue Analytics The British development finance institution (DFI), British International Investment (BII), recently said it had invested $20 million in the Nigerian mobility…
