If Bitcoin clears its overhead resistance level, ETH, BCH, AXS and EOS could resume their uptrend with surprising strength. Source: https://cointelegraph.com/news/top-5-cryptocurrencies-to-watch-this-week-btc-eth-bch-axs-eos
Month: July 2022
Argentinian Government Excludes Crypto Investors From Buying Dollars – Regulation Bitcoin News
The Argentinian Central Bank has issued a new set of restrictions that are affecting citizens and companies that have purchased cryptocurrency to use it as a hedge against currency devaluation. The bank will only sell dollars at an official rate to individuals and companies that have not purchased crypto for at least 90 days prior to the operation, with the…
Zipmex Says Discussions With Potential Investors ‘Have Progressed Significantly’
Just days after pausing customer withdrawals, Singapore-based cryptocurrency exchange Zipmex said it’s received a memorandum of understanding from a potential investor, which could be looking to buy out the firm. “Our conversations with various interested parties have progressed significantly,” the company said in a tweet, adding that “one of those parties has offered terms in an MOU,” a non-binding agreement…
Meta History Museum Raised Over $1,000,000, Releases New NFT Collection in Support of Ukraine – Metaverse Bitcoin News
The META HISTORY project team created Ukraine’s first NFT war museum one month after Russia’s full-scale invasion. Since then they have managed to raise $1,290,398 (803.28 ETH) for the Aid For Ukraine crypto fund, created by the Ukrainian Ministry of Digital Transformation together with the Ukrainian crypto platform KUNA and the blockchain company Everstake, and the Charity Foundation of Serhiy…
The Merge is Ethereum’s chance to take over Bitcoin, researcher says
Ethereum researcher, Vivek Raman, is convinced that Ethereum’s (ETH) upcoming transition to a proof-of-stake system will enable it to take over Bitcoin’s (BTC) position as the most prominent cryptocurrency. “Ethereum does have, just from an economic perspective and because of the effect of the supply shock, a chance to flip Bitcoin,” said Raman in an exclusive interview with Cointelegraph. The…
Russia, China, and BRICS Nations Plan to Craft a New International Reserve Currency – Economics Bitcoin News
While inflation data in Europe and the U.S. has risen significantly higher last month, Russia and members of the BRICS countries revealed leaders in the five major emerging economies are in the midst of “creating an international reserve currency.” Analysts believe the BRICS reserve currency is meant to rival the U.S. dollar and the International Monetary Fund’s (IMF) Special Drawing…
This Week on Crypto Twitter: Michael Saylor Goads Elon Musk for Tesla’s Bitcoin Dump
Illustration by Mitchell Preffer for Decrypt Prices may be in the green for the week, but Crypto Twitter remained focused on the sector’s ongoing liquidity crisis. This week, Singaporean exchange Zipmex froze withdrawals, and Legion Strategies, a hedge fund affiliated with Anthony Scaramucci’s Skybridge Capital, halted redemptions. Meanwhile, Blockchain.com joined the ranks of Gemini, Coinbase, and OpenSea by announcing mass…
Axie Infinity is painting a giant bearish pattern — will AXS price crash another 95%?
Axie Infinity (AXS) has been forming a giant bearish reversal pattern since July last year, which could send its prices down by another 95% in 2022. AXS risks one big breakdown Dubbed the “inverted cup and handle,” the pattern is identified by its large crescent shape followed by a modest upward retracement. It typically resolves after the price breaks out…
Krugman Says He Was ‘Wrong About Inflation,’ Summers Talks Recession, Biden Criticized Over ‘Half-Truths and Fibs’ – Economics Bitcoin News
In mid-June red hot inflation reared its ugly head in America once again, as the latest U.S. Bureau of Labor Statistics’ Consumer Price Index (CPI) report indicated that inflation in June rose at the fastest pace in over 40 years. U.S. president Joe Biden has been in office for 18 months now, and media reports are beginning to note his…
6 Questions for Pat Duffy of The Giving Block – Cointelegraph Magazine
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Pat Duffy, co-founder of The Giving Block — a crypto donation solution that provides an ecosystem for nonprofits and charities to fundraise Bitcoin…