This week in coins. Illustration by Mitchell Preffer for Decrypt Bitcoin’s and Ethereum’s 30% gains last week were short-lived, as both market leaders depreciated more than 10% over the last week, with Bitcoin falling below the key $20,000 support level. The world’s favorite cryptocurrency, as of this writing, was trading for just $19,203, and leading rival Ethereum suffered steeper losses,…
Month: July 2022
BlockbusterDAO Hits R3WIND: What’s Next After Failing to Buy Nostalgia Brand
In brief BlockbusterDAO sought to buy the legacy video store IP, but said this week that owner Dish Network refused to sell it to a DAO. The team will continue building a Web3 streaming video and commerce platform under the new name, R3WIND. ConstitutionDAO fell short of its goal to raise enough money to purchase a copy of the U.S.…
Bitcoin indicator that nailed all bottoms predicts $15.6K BTC price floor
Bitcoin (BTC) needs to go lower before putting in a macro bottom, one of the market’s most accurate indicators shows. Data from sources including on-chain analytics firm Glassnode shows Bitcoin’s MVRV-Z Score is almost — but not quite — signaling a price reversal. MVRV-Z Score inches towards macro bottom Amid ongoing debate whether if, or when, BTC/USD will go beyond…
BTC’s Lower Price Shrinks Bitcoin Mining Profits, Hashrate Remains Unaffected – Mining Bitcoin News
While bitcoin’s fiat value has dropped more than 70% below the all-time high recorded in November 2021, the price reduction has made it so miners are making fewer profits depending on the devices they operate. Despite miner profits sliding, Bitcoin’s hashrate has remained high coasting along at 180 exahash per second (EH/s) to 261 EH/s. In three days or more…
Living longer lives in the world of Web3
Expected to reach a market size of $128 billion by 2028, the longevity sector is no longer something that those outside the medical world can ignore. In the next few years, life-extending technologies and treatments for aging-related diseases will reach human trials. There is an exciting wave of development happening in research labs and technology centers across the globe, with…
What determines the Bitcoin price?
Various factors impacting Bitcoin’s price include the supply and demand of BTC, competition from other cryptocurrencies and news, cost of production and regulation. Supply and demand Those with a background in economics are aware of the law of supply and demand. However, if you are unfamiliar with this concept, let’s help you to understand. As per this law, supply and…
ATOM up for Fourth Straight Session, While XTZ Rebounds on Saturday Low – Market Updates Bitcoin News
Cosmos rose for a fourth consecutive session to start the weekend, as prices edged closer to a resistance point. While cosmos (ATOM) extended gains, tezos (XTZ) rebounded following a streak of recent losing sessions, with bulls seemingly buying this weeks’ dip. Cosmos (ATOM) Cosmos (ATOM) extended its recent bullish run on Saturday, as prices have now risen for four consecutive…
How to earn crypto passive income with forks and airdrops?
When cryptocurrencies like Bitcoin (BTC) go through bear phases like the one we currently find ourselves in, the idea of earning passive income from one’s holdings becomes all the more attractive for long-term investors. Related: Decentralized finance: A beginner’s guide to earning passive income with DeFi Different methods such as staking, lending, cloud mining, and yield farming have become popular…
KuCoin CEO slams insolvency rumors citing “no plan to halt withdrawal”
Crypto exchange KuCoin found itself at the center of discussion when a sub-community of Crypto Twitter started warning investors about an incoming ban on funds withdrawal. KuCoin CEO, Johnny Lyu, was however quick to dismiss the unvetted rumors before they picked up steam. Prominent crypto figures on Twitter, including trader @KongBTC and blockchain investigator @otteroooo, requested their followers to withdraw…
BTC Edges Closer to $18,800 Support Level on Saturday – Market Updates Bitcoin News
Bitcoin moved closer to its long-term support level of $18,800 to start the weekend, as prices of cryptocurrencies were once again lower. While bitcoin has now fallen for seven straight sessions, ethereum also saw similar declines, and as of writing is down 2.40% from yesterday’s high. Bitcoin The world’s largest cryptocurrency by market capitalization bitcoin (BTC) was once again in…