Bitcoin and Ethereum Struggle to Recover, Smaller Altcoins Trim Losses
24.1.2022
This past weekend, bitcoin price started a strong decline below the USD 40,000 support. BTC traded below the USD 35,000 level to move further into a bearish zone. It is currently (05:36 UTC) consolidating losses near USD 35,000.
Similarly, most major altcoins declined sharply. ETH traded below...
Russian tech and political executives denounce crypto ban proposal
24.1.2022
Telegram CEO Pavel Durov wrote that the proposed ban on crypto would “destroy a number of sectors of the high-tech economy” in a recent post on his massaging platform
Mercadolibre Gets Closer to Crypto With Investments in Paxos and Mercado Bitcoin
24.1.2022
Mercadolibre, one of the biggest Latam-based unicorns, has announced strategic investments in two cryptocurrency exchanges: Paxos and Mercado Bitcoin. With these investments, the platform gets closer to cryptocurrency, having already bought bitcoin as a direct investment for its treasury,...
Crypto YouTubers fall victim to hacking and scamming attempt
24.1.2022
Many of the affected accounts noticed the fraudulent videos and removed them from their channels within minutes of them being posted
UBS Warns of Crypto Winter Amid Expectation of Fed Rate Hikes and Regulation
24.1.2022
UBS, Switzerland’s largest bank, has warned about a crypto winter where prices crash and may not recover for years. The bank’s analysts explained several major reasons affecting the prices of cryptocurrencies. UBS Expects Crypto Winter That Could Last Years Switzerland’s...
Biden Administration Preparing to Release Government-Wide Crypto Strategy: Report
24.1.2022
The Biden administration is reportedly drafting a government-wide cryptocurrency strategy as an executive order. The directive is expected to be presented to President Joe Biden in the coming weeks. The strategy could be released as soon as next month. US Government-Wide Crypto Strategy The Biden...
Bitmain Reveals Hydro Bitcoin Miner With 198 Terahash, Produces Almost Double the Power of Today’s Top Machines
23.1.2022
One of the largest bitcoin mining rig manufacturers in the world, Bitmain announced the launch of a new bitcoin miner that boasts speeds of up to 198 terahash per second (TH/s). The new model is called the Antminer S19 Pro+ Hyd. and it leverages liquid cooling technology in order to improve overall...
Bitcoin’s Price Drop and the Network’s Higher Difficulty Squeezes BTC Mining Profits
23.1.2022
After Bitcoin’s mining difficulty jumped to the highest value ever at 26.64 trillion, the overall hashrate slumped a hair due to the rise in difficulty and lower bitcoin price. This weekend, Bitcoin’s hashrate is coasting along at 189 exahash per second (EH/s), after dropping to a...
Blockchain metaverse ecosystems gain traction as brands create digital experiences
23.1.2022
Blockchain-based metaverse environments allow brands to offer more user benefits, such as increased interactivity and ownership of virtual items, but will it catch on?
Vibe killers: Here are the countries that moved to outlaw crypto in the past year
23.1.2022
From Bolivia to China, governments sought to restrict crypto-related activity for various reasons and with different tools
Top 5 cryptocurrencies to watch this week: BTC, LUNA, ATOM, ACH*, FTM
23.1.2022
BTC is oversold and possibly ready for a relief bounce, but this could be a trap for altcoins and Bitcoin if bull volume fails to sustain
Low Volumes Across Crypto Spot Markets and Derivatives Indicate Bearish Conditions
23.1.2022
Digital currency markets have slipped significantly in value during the last two weeks and the lower prices have not sparked higher trade volumes. Data shows cryptocurrency spot market volume has slipped from $1.4 trillion in November 2021, to this month’s $593 billion in volume. Bitcoin...