Will The Current Crypto Crash Leave Top-Tier Altcoins In Jeopardy? Is An Alt Crash By 50% Programmed?
The post Will The Current Crypto Crash Leave Top-Tier Altcoins In Jeopardy? Is An Alt Crash By 50% Programmed? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
The world of digital coins has been going distant from its inherent traits, as the industry is now more prone to economic activities around the globe. In the interim, protagonists from the crypto town break down events from the past year, for a thorough analysis of the market cycle. What has been astonishing for the …
Bitcoin fundamentals diverge from BTC price dip as difficulty hits new all-time high
Difficulty follows the hash rate to hit levels never seen before, underscoring miners’ faith in long-term profitability.
Top 5 Reasons Why Bitcoin Crashed Today! Will $36k Be The Threshold To BTC’s Fall?
The post Top 5 Reasons Why Bitcoin Crashed Today! Will $36k Be The Threshold To BTC’s Fall? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
The world of cryptocurrencies has fallen to another major crash, which has wiped out significant monetary numbers. The crash has resulted in novices falling prey to FUD and has left veterans in a dilemma over their plan of action. The turbulence from the crash has cost the market a loss of about 7.37% in market …
Blockchain meets activity tracking: Project rewards healthy habits with tokens
Medical professionals have developed ways to track and store personal health data securely within the blockchain.
Tom Brady’s Autograph NFT Agency Gets $170 Million in Series B Funding Round
Autograph, the NFT agency co-founded by famous NFL player Tom Brady, has raised $170 million in its series B funding round. The company revealed that the funding round was led by Andreessen Horowitz and Kleiner Perkins, with the participation of other notable companies in the field. The funds raised will contribute to the expansion of […
Crypto liquidations pass $700M as altcoins take a hit from Bitcoin sinking below $40K
Pain for Bitcoin and altcoin investors alike as a fresh cascade sees $40,000 support disappear.
Scan your dog and go walkies in the Metaverse: Virtual NFT pets get popular
If you ever owned a Tamagotchi or loved playing Nintendogs, the odds are that you are going to love this story.
Bitcoin Plummeted By 11.5% In 12 Hours! Here’s How To Profit in Bear Market
The post Bitcoin Plummeted By 11.5% In 12 Hours! Here’s How To Profit in Bear Market appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
The crypto market is once again painted in red. Over the past 12 hours, the crypto market cap has fallen from around $2.15 trillion to a four-month low of $1.92 trillion according to CoinGecko. And Bitcoin (BTC)’s price is no less than a suspense thriller movie these days. On Jan. 20, it plunged from …
Bitcoin Crash To Get Severe, BTC Price Going To Correct Below $35k?
The post Bitcoin Crash To Get Severe, BTC Price Going To Correct Below $35k? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
The broader crypto market cap takes a turn for the worse with its improbable volatility. An abrupt crypto crash on Thursday has resulted in negative gains of over 7.37% round the clock. Thereby, plummeting the global market cap to a 5-month low of $1.726 trillion. The market representatives Bitcoin and Ethereum are down by 7.29% …
Investors Incur Huge Loss Amid the ‘Bitcoin Crash’, Yet There May Be Still A Chance of Recovery!
The post Investors Incur Huge Loss Amid the ‘Bitcoin Crash’, Yet There May Be Still A Chance of Recovery! appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
The Asian-trading day began with the huge crypto crash fueled by a major drop in Bitcoin prices. The dominant crypto had played multiple times along the $41K price zone and constantly flipped each time. And hence it was believed that the BTC price may recover soon, however, the on-chain metrics and the technicals always pointed …
Terra Announces Non-Profit ‘Luna Foundation Guard’
Terra Luna’s ‘lunatics’ have had their sights set on a multi-part announcement that is set to unveil, and this week the first piece of the puzzle has come to life. This week, Terra announced the formation of a new non-profit organization, the Luna Foundation Guard (LFG), that is “dedicated to supporting the advancement of open-source technology, facilitating the growth of the Terra ecosystem, and improving the sustainability and stability of Terra’s algorithmic stablecoins.” Terra Says “LFG” Terra has launched a dedicated landing page, lfg.org, outlining the team, mission, and funding & grants around LFG. The new non-profit will emphasize a number of major pillars that they see as core in advancing the ecosystem. Founder and CEO of Terraform Labs, Do Kwon, also released a recent tweet thread highlighting the major pillars behind LFG: 1/ 1 out of 3 💎 https://t.co/PcxKtGhpeT is born: – a non-profit foundation – governed by top builders in @terra_money eco– dedicated to $UST stability and adoption– decentralizing core teams behind @terra_money https://t.co/p6PkN4cWE0 — Do Kwon 🌕 (@stablekwon) January 20, 2022 In all, the Foundation will serve as a mechanism to continue driving engagement and adoption of Terraform Lab’s growing stablecoin, UST. Adoption of UST has continued to grow as the token, seen broadly as one of the most decentralized yet mainstream stablecoin options currently available, approaches an $11B market cap. The aforementioned Do Kwon will lead the charge for the Luna Foundation Guard, alongside founding member Nicholas Platias and several governing council members. The team will deploy foundation grants, starting at the end of the month, to blockchain projects in the ecosystem that address open-source development, research and education, and community growth within the Terra network. Related Reading | TA: Bitcoin Dives Below $40K, Why Bulls Could Struggle In Near Term Luna, the tradable token that arguably serves as the ‘backbone’ of the Terra ecosystem, has performed exceptionally well over the past year. | Source: LUNA-USD on TradingView.com One Of Three… What’s To Come? As mentioned previously, this announcement is slated to be the first of three, from what started as a teaser image of the cover photo used here. That photo led many ‘lunatics’ to speculate on what could be coming – the two intersecting circles led many to believe that an incoming MasterCard partnership could be coming, and many Terra fanatics believed that some sort of Bitcoin-related support could be brought to life as well. Speculation aside, the Terraform Labs-created blockchain continues to shine, recently becoming the first decentralized stablecoin to achieve a $10B market cap as well as launching a new automated market maker (AMM), Astroport. For now, the LFG webpage still has a “{redacted}” section, so don’t be surprised if the coming two announcements, which could likely be unveiled over the weeks to come, are extensions or supplementary pieces of the non-profit. Related Reading | TA: Ethereum Nosedives, Indicators Show Signs Of Larger Downtrend Featured image from medium.com/terra-money, Charts from TradingView.com The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.
UFC Partners With Dapper Labs to Launch NFT Collection ‘UFC Strike’
The creators of the Flow blockchain network and NBA Top Shot, Dapper Labs, announced the launch of a new non-fungible token (NFT) compilation called “UFC Strike.” According to Dapper Labs, the new NFTs will launch on Sunday, January 23, and feature “amazing displays of striking and grappling from UFC fighters.” MMA Entertainment Giant Partners With […
Ethereum in Extremely OverSold! Analyst Predict a Strong Bounce In Coming Days!
The post Ethereum in Extremely OverSold! Analyst Predict a Strong Bounce In Coming Days! appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
Ethereum is down by 9% plunging below the crucial support of $3,000. Currently, the ETH price is trading at $2812 with a market cap of $341 billion. The altcoin is now consolidating above the $2,800 level. The initial resistance lies at the $2,900 zone. However, if the bears continue to rule, the first key support …
LBank Exchange Will List STEP on January 21, 2022
PRESS RELEASE. INTERNET CITY, DUBAI, Jan. 21, 2022 – LBank Exchange, a global digital asset trading platform, will list STEP on January 21, 2022. For all users of LBank Exchange, the STEP/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on January 21, 2022. While being used to revolutionize the financial world, […
Bitcoin dumps to hit six month lows near $38K
Bitcoin is leading the way down for all crypto as macro indicators may spell disaster for the market in the short term according to some analysts.
Crypto Market Tanks Again, Dogecoin (DOGE) and Shiba Inu (SHIB) To Struggle Hard In Coming Days?
The post Crypto Market Tanks Again, Dogecoin (DOGE) and Shiba Inu (SHIB) To Struggle Hard In Coming Days? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
The largest cryptocurrency by market cap Bitcoin has once again breached the $40,000 mark and is currently trading at $38,659. The crash has had the coin decline by more than seven percent and along with Bitcoin the sentiment of the entire crypto market has reversed as the majority of the coins are currently trading in …
NFT firm Dropp GG set to launch ‘geo-minting’ and ‘mixed reality events’
“NFTs will soon replace transactions that will require proof of authenticity. We believe NFT adoption is inevitable,” stated Dropp GG founder Edmond Truong.
TA: Ethereum Nosedives, Indicators Show Signs of Larger Downtrend
Ethereum extended decline below the $3,000 support zone against the US Dollar. ETH price could extend losses towards the $2,650 support in the near term. Ethereum extended decline below the $3,050 and $3,000 support levels. The price is trading below $3,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if there is a clear move below the $2,800 support zone. Ethereum Price Dives 8% Ethereum failed to gain strength above the $3,250 level and started a major decline. ETH formed a high near $3,272 before there was a major decline. There was a sharp move below the $3,120 and $3,050 support levels. Besides, there was a break below a key bullish trend line with support near $3,120 on the hourly chart of ETH/USD. Ether price even settled below the $3,000 level and the 100 hourly simple moving average. The price spiked below the $2,900 level and traded as low as $2,808. It is now consolidating losses above the $2,800 level. An initial resistance is near the $2,900 zone. It is close to the 23.6% Fib retracement level of the recent decline from the $3,272 swing high to $2,808 low. The first major resistance is near the $3,000 level or the 50% Fib retracement level of the recent decline from the $3,272 swing high to $2,808 low. Source: ETHUSD on TradingView.com If there is an upside break above $3,000 resistance, zone, the price could rise towards the 100 hourly simple moving average. The next major resistance is near the $3,200 level. More Losses in ETH? If ethereum fails to start a recovery wave above the $2,900 level, it could continue to move down. An initial support on the downside is near the $2,820 level. The first key support is now forming near the $2,800 level. A downside break below the $2,800 level might start another strong decline. The next major support for the bulls may perhaps be near the $2,650 zone. Any more losses could push the price towards the $2,500 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is now in the oversold zone. Major Support Level – $2,800 Major Resistance Level – $3,000
Bank of Russia Proposes Wide Ban on Cryptocurrency Use, Trade, Mining
True to its hardline stance on decentralized digital money, the Central Bank of Russia is now pushing for a wide-ranging ban on crypto-related activities such as issuance, exchange, and mining. A consultation paper published by the regulator cites threats to financial stability and citizens’ wellbeing among the main reasons for the proposed restrictions. Russia’s Central […
SundaeSwap launches on Cardano but users report failing transactions
The first DEX on Cardano launched on the mainnet today to allow traders to perform swaps and add liquidity, but network congestion has slowed transactions processing.
Wait, what? Former Bitcoin bull Raoul Pal only owns one Bitcoin?
In a Twitter argument with Greg Foss, Raoul Pal said that the Bitcoin community has “lost sight of inclusion.”
TA: Bitcoin Dives Below $40K, Why Bulls Could Struggle In Near Term
Bitcoin started a strong decline from the $43,500 resistance against the US Dollar. BTC remains at a risk of more downsides below the $39,200 support. Bitcoin started a major decline after it failed to clear the $43,500 resistance. The price is still trading below $41,000 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $42,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if there is a break below the $39,200 support. Bitcoin Price Declines Heavily Bitcoin price gained pace for a move above the $42,500 level. However, BTC struggled to gain pace for a move above the $43,500 resistance zone. A high was formed near $43,497 before the bears appeared. As a result, there was a fresh decline below the $42,000 support level and the 100 hourly simple moving average. Besides, there was a break below a major bullish trend line with support near $42,000 on the hourly chart of the BTC/USD pair. There was a fresh decline below the $41,200 support zone. Bitcoin even declined below the $40,000 support zone. A low is formed near $39,261 and the price is now consolidating losses. On the upside, an initial resistance is near the $40,250 level. It is near the 23.6% Fib retracement level of the recent decline from the $43,497 swing high to $39,261 low. The first major resistance is near the $40,500 level. An upside break above the $40,500 resistance could start a steady recovery wave towards $41,200. Source: BTCUSD on TradingView.com The next key resistance is near the $41,200 level, above which the bulls might aim a test of $42,500. Any more gains may perhaps call for a move towards the $43,500 resistance zone. Fresh Drop in BTC? If bitcoin fails to start a fresh increase above $40,500, it could start a fresh decline. An immediate support on the downside is near the $39,500 zone. The first major support is seen near the $39,200 zone. A downside break below the $39,200 support zone may perhaps spark another major decline. The next major support is near $38,500, below which the price could even decline below the $38,000 zone. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is in the oversold zone. Major Support Levels – $39,500, followed by $39,200. Major Resistance Levels – $40,250, $40,500 and $41,200.
Indian Government Needs More Time to Finalize Crypto Bill: Report
Indian government officials reportedly said that India’s cryptocurrency bill will require more time because crypto is a complex subject. The bill is therefore unlikely to be introduced in the upcoming session of parliament. The government reportedly wants to hold more discussions to build a consensus on a regulatory framework for crypto. Crypto Bill Unlikely to […
Multichain hacker returns 322 ETH, keeps hefty finders fee
Owing to a security vulnerability in six tokens, Multichain users lost more than $3M over the week. A white hat hacker returned 322 ETH, but in excess of 527 ETH is still exploited.
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