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“# MXC’s 200% gain hints that LoRaWAN IOT mining projects could rally in 2022 ” Cryptocurrency mining has become a hot topic of conversation over the past couple of years due to its lucrative nature and the impact the industry has on the environment. The emergence of Web3 and the increased presence of Internet of…
“# Canadian restaurant chain reports earning 300% gains on BTC investment to weather pandemic ” More than a year after a Canada-based Middle Eastern restaurant chain converted its fiat cash reserves into Bitcoin, the owner reported the move helped save the business during the pandemic. According to a Tuesday report from Canadian news outlet Toronto…
“# 2 key Bitcoin trading indicators suggest BTC is ready for a 62% upside move ” Bitcoin (BTC) has been below $45,000 for 14 days and is currently 40% below the $69,000 all-time high. This movement holds similarities to late-September 2021, when Bitcoin price flat-lined for 11 days and was 36% below the previous $64,900…
“#EU regulator wants ban on energy-intensive bitcoin mining” The European Union should ban a form of bitcoin mining that uses up an excessive amount of energy because it poses a threat to the continent’s climate goals, according to one of the bloc’s top financial regulators. Erik Thedéen, the vice chairman of the European Securities and…
“# Crypto.com breach may be worth up to $33M, suggests onchain analyst ” Onchain analyst claims that Crypto.com’s loss in the latest security breach might have been worth more than the reported $15 million. Pseudonymous ErgoBTC, an on-chain analyst at Bitcoin (BTC) research firm OXT Research, claims that the Crypto.com security breach that was said…
“# Price analysis 1/19: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOT, AVAX, DOGE ” Bitcoin (BTC) and select altcoins are showing signs of some buying near support levels. According to Arcane Research, the seven-day average real Bitcoin trading volume has dropped to the lowest level since July 2021. During the previous instance, the sharp…
“# Bitcoin’s transition to a risk-off asset will propel it to $100K in 2022, says Bloomberg analyst ” Bloomberg analyst Mike McGlone is convinced Bitcoin is on track to reach $100K in 2022, as it completes its transition from a risk-on to risk-off asset. While the Fed is planning to raise interest rates to fight…
“# Smart contracts can redefine business — But this doesn’t imply wide openness ” In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of the 21st century. The contract, an obligation that party…
“# Bearish sentiment may soon abate according to Coinshares and Bitcoin metrics ” While key Bitcoin (BTC) metrics don’t paint a pretty picture, the bears could be running on fumes. Contrary to analysts warning that Bitcoin could dip to $38,000 “before an eventual breakout”, CoinShares and Arcane Research suggest that the tide could be turning. In…
“# Bitcoin bounces at $41K as optimism increases over stocks correlation ” Bitcoin (BTC) rebounded strongly from $41,000 during Jan. 20 as bears hoping for a step into lower territory stayed disappointed. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD adding $1,000 after dipping to near the $41,000…