According to its latest data, the fear & greed tool, which is hugely popular among crypto traders, suggests that there is investor phobia over the digital asset space. The tool’s current value of 27% is the lowest over the last 12 weeks. Often, analysts combine the information from this index with other technical tools to…
According to a very popular crypto-asset exchange in Australia, named Bitcoin Markets, Australian investors have grown to be very fond of crypto-related investments. Bitcoin Markets is the biggest crypto exchange in Australia, and it has recently witnessed a surge of new users. This has been the case because a lot of elderly clients are signing…
In a Newsweek survey conducted earlier on Monday from various states in the country, more than 42% of Texans will want the state to enact crypto-friendly regulations. According to the poll, the Texans advocating for the regulation of the crypto industry discussed the possibility of legalizing crypto. This poll comes when U.S. officials are debating…
The U.K. has resolved to explore the impact of Central Bank Digital Currency on its economy if adopted. The House of Lords on Monday inaugurated an Economic Committee to spearhead the inquiry, stating that the investigation is open to interested individuals who would like to put forward their ideas and contributions on the topic. This…
When declaring his formal intention to become Paraguay’s new president, Carlitos Rejala, revealed that he promises to make BTC an official currency of the South American nation if he becomes president. He made this disclosure via his official Twitter handle. Rejala Is A Top BTC Backer Rajala’s stint as the chamber of deputies saw him…
Having faced continuous scrutiny from regulators in almost all countries, the leading crypto exchange, Binance, has finally decided to have a central headquarters for its operations. The move will also enable the exchange to improve its relationship with regulators. Binance CEO told media reporters in a recent interview that “we must have a central entity…
Bitcoin started out as a visionary project; the developers couldn’t foresee the future, such as what does it have for Bitcoin in stores or how would it be accepted by the people, governments, or markets. But it kind of went pretty good; then there was the speculation that Bitcoin is a cryptocurrency, being so volatile,…
Bloomberg News reveals that Square (a payment settlement company owned by Twitter CEO, Jack Dorsey) has joined a Sony, Red Hat, and IBM network to eliminate patent stealing in the crypto space. According to Bloomberg, the network was created sixteen years ago. Square’s legal adviser revealed that most crypto projects might be sued over intellectual…
El Salvador has been a raging success when it comes to crypto adoption; during this transition, both IMF and World Bank approached El Salvador and advised the country not to proceed with this transaction as it would destabilize the whole economic progress within the region. But El Salvador did take this initiative and made the…
According to various media reports, the Indian authorities have disclosed that it is more interested in earning tax from crypto players instead of banning the industry out-rightly. But, the sources also revealed that the authorities wouldn’t classify it as an asset category despite taxing the industry. Good News For Indian Crypto Players The news comes…
Binance is going through a rough patch these days; there is a global crackdown against the crypto exchange for failing to comply with certain regulatory standards, which initially started out in the UK but is now kind of a global headline. Binance has overstepped its bounds several times, and it seems if the crypto exchange…
The crypto world shook with the announcement of El Salvador’s adoption of Bitcoin as the country’s legal tender. The effect of this development on El Salvador as a country is massive as life would change for everyone in the country. Its economy will however enjoy the highest percent of this change as the financial scene…
On Thursday, Bitcoin dropped 2.8% to trade near $45,813.90. With that, most altcoins registered downswings. The BTC rival, ETH, lost 1.13% plunging to $3,474.44. With such actions, the flagship token had its market capitalization stands at $861.7 billion, while Ethereum’s is $408.062 billion. El Salvador partially contributed to the current market crash. The Latin American…
Naomi Osaka, one of the biggest stars in the world of professional tennis, recently talked about her interest in cryptocurrencies, specifically Dogecoin (DOGE). She had also previously launched her own non-fungible token (NFT), thereby joining the growing list of celebrities who have recently become actively involved with the NFT industry. Osaka interested in DOGE Osaka…
The Chairman of the Economic Financial Crimes Commission has called out the growth of cryptocurrency as something dangerous and a threat to the world economy. The EFCC is a Nigerian agency that monitors financial activities and investigates any fraudulent activities that may have occurred, including embezzlement. The chairman Abdulrasheed Bawa revealed the danger cryptocurrency poses…
ETH price surge has attracted interest from investors towards various ETH derivatives. Glassnode data shows that institutional investments in ETH futures reached new peak levels yesterday, surging past the previous peak level of $11.28B to $11.7B. Carry Trading And Ether Futures A top executive with n.exchange, Gustavo De La Torre, said that the value has…
In Australia, crypto exchange giants, BTC markets, and a local bank, Volt, have announced a partnership. The local bank will be volt users’ fiat managers for the local currencies. Users Can Perform Settlement Transactions Easily Users can perform settlement transactions on the country’s fast payment platform, the new payments platform. The exchange’s CEO said, “our…
The recent swarm of cyber-attacks has apparently upset blockchain networks’ and crypto exchanges’ security systems; thus, the management of Cardano Foundation invites hackers to participate in a hackathon to win bounties. Cardano’s notable vulnerabilities In an announcement on Thursday, it has been disclosed by the foundation that collaboration had been made between it and KackerOne…
In less than a week, the South American country El Salvador is going to become the first country in the world to accept Bitcoin as a legal tender. The move has been criticized by many, and recent protests show that the locals are also not very thrilled about the mandated Bitcoin laws. The members of…
As Bitcoin appears to correct in the price charts, the alt market registered mixed patterns. Tezos (XTZ) lost 1.8%, struggling to hold over its closest support at $5.26. MATIC dropped more than 4%, nearing the price floor at $1.38, regardless of reversal signs. Lastly, BitTorrent increased by 18.3% as it targets to explore the price…
Briefly – MATIC price appears ready to move to $1.63. Breaking past this resistance can trigger another bullish run. The token’s price will have to maintain over $1.24 for a sustained bullish move. Polygon (MATIC) seems ready to start a new upside move as the asset builds a crucial bullish pattern. Moreover, whales are accumulating…
Briefly – AVAX has struggled over the previous week. The crypto formed a declining wedge shape. 100 MA serves as the alt’s support. Avalanche (AVAX) had registered healthy surges over the past weeks, increasing by more than 200%. With these actions, AVAX attained a new high after battling for many months. The crypto project has…
