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Simplex Tie-Up With Kava Brings Fiat Directly to Defi
23.6.2021
As Kava works to expand its multi-asset defi platform’s appeal, the inclusion of Simplex’s fiat-to-crypto processing infrastructure will provide a fresh avenue for users to enter the defi ecosystem with fewer steps and conversions. New On-Ramp to Streamline Defi Accessibility...
As China Cracks Down on Bitcoin Miners, Stealth Miners and Mystery Hashrate Return
22.6.2021
While on the surface it seems officials from five provinces in China have been cracking down on bitcoin miners, no one is quite sure how much hashrate is moving, which pools are affected, or where these miners will end up. A number of mining pools have seen hashpower percentages decline...
JPMorgan Warns of Incoming Bitcoin Bear Market Citing ‘Unusual Development’ in Futures
14.6.2021
Investment bank JPMorgan Chase has warned of a further bitcoin price decline, expecting an incoming bear market. The bank’s analysts look at the trend in bitcoin futures and see “an unusual development and a reflection of how weak bitcoin demand is at the moment from institutional...
Bitcoin and Ethereum Extend Decline, Bulls Lose Control
4.6.2021
Bitcoin price failed to climb above the USD 40,000 level. After another ambiguous tweet by Tesla’s Elon Musk, BTC started a fresh decline and it broke the USD 37,500 support zone. It even traded below USD 36,000 and is currently (12:20 PM UTC) struggling to recover losses.
Similarly, most major...
Study Shows NFT Sales Plummeted 90% Over the Last 30 Days, NFT Wallets Dip 70%
4.6.2021
According to a recent study, non-fungible token (NFT) sales have dive-bombed 90% since the market’s record sales on May 3. Market data shows over 130,000 NFT sales that day and 30 days later sales are down to a touch over 84,000, dropping more than 35% last month. Protos.com Study Claims...
Depends on Who You Ask: Report Shows NFT Sales ‘Cool Off,’ Another Study Says ‘Market Set to Double by October’
22.5.2021
In 2021, the non-fungible token (NFT) ecosystem has grown massively and data shows during the last month, there have been 98,832 NFT sales across over 32,000 active wallets. Monthly statistics show $272 million in recorded NFT sales have taken place but a recent report shows the NFT market...
Bitcoin Recorded More Than 30% Decline in Its Value
20.5.2021
The last couple of weeks have proved tough for the cryptocurrency market. Bitcoin (along with other major digital currencies) has plunged in its value, thereby leading to intense speculations about the future of cryptocurrency among investors. Market skeptics warn cryptocurrency investors...
Official Remittance Inflows to Zimbabwe Surged to $1 Billion After Covid-19 Restrictions Forced Migrants to Use Formal Channels
13.5.2021
Cross border remittances into Zimbabwe surged to $1 billion in 2020, more than a 36% increase from the $636m that was recorded in 2019. This surge in remittances occurred despite the “steep decline in economic activity in host countries, which in turn made it difficult for migrants in...
2021’s Largest Epoch Drop: Bitcoin Network’s Mining Difficulty Dips Over 12%, Hashrate Nears 200 Exahash
2.5.2021
Bitcoin’s mining difficulty has seen a massive drop this week, as the metric slid 12.6% and was the largest difficulty drop in 2021. The mining difficulty decline follows the recent electrical outages in China which had affected the network’s hashrate to some degree. Following...
Investment Manager Guggenheim Warns of ‘Major Correction’ in Bitcoin
22.4.2021
Guggenheim CIO Scott Minerd has warned of a “major correction” in bitcoin in the near term. Claiming that bitcoin is “very frothy,” he is forecasting a 50% decline in the price of the cryptocurrency. Scott Minerd’s Latest Warning About Bitcoin The chief investment...
Bitcoin, Ethereum and Altcoins Resume Decline, DOGE In Green
20.4.2021
Yesterday, bitcoin price saw a recovery wave above the USD 56,500 pivot level. However, BTC failed to continue higher above the USD 57,500 and USD 58,000 resistance levels. It started a fresh decline and it is currently (04:30 UTC) trading well below USD 56,000.
Similarly, most major altcoins...
Ethereum Fees Decline as Analysts Point to Bots as Cause
13.4.2021
Ethereum (ETH) average transaction fees have plunged by as much as 50% in two weeks, falling from a fourteen-day high of USD 22.9 to a low of USD 11.4 on April 11, before increasing again. Analysts have pinned the fall on a shift in the types of bots used by traders, with flashbots replacing...
Will Bitcoin Volatility Decline as it Continues to Appreciate?
7.4.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Bitcoin is consolidating at 58,000 USD. It failed to break the resistance of 60,000 USD for multiple times but investors’ confidence remains strong. According to Oanda's analyst Edward Moya, the market is...
Non-Fungible Token Sales Begin to Dive, NFT Interest Declines, Finance Author Highlights NFT Oversupply
4.4.2021
Non-fungible token (NFT) assets and collectibles are starting to see sales decline and interest in NFTs is dropping as well. Additionally, it’s being said that an “oversupply of NFTs” may hurt the market, according to James Surowiecki the author of “The Wisdom...
Bitcoin Market Changed 'Radically' & Volatility Decline Attracts Institutions
2.4.2021
Source: Adobe/Сергей Касьянов
We are in a "radically" different bitcoin (BTC) market today, an analyst stressed, while JPMorgan strategists find that decreasing volatility is here to help institutional adoption.
Per the latest Market Intel report by Chainalysis' Chief Economist Philip...
Crypto Inflows Decline, Bitcoin's Taproot Has A Date + More News
25.3.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Investing news
Average weekly asset inflows across all major digital asset investment product providers decreased by 70.5% since February to...
After BTC Slid by 14%, Onchain Analyst Says a US Based Institution Is Currently Buying the Dip
24.3.2021
After setting a new all-time high (ATH) of $61,699 on March 13, bitcoin dropped to $53,300 on March 23, a decline of more than 14% in just ten days. However, following this latest drop, onchain analyst Willy Woo speculates that another institutional investor could be buying the dip. Strong Hands...
Validator Entry Thresholds on the Decline as Cloud-Based Staking Challenges Surmounted
12.3.2021
Through the novel use of hardware security modules in conjunction with a communication module, a collaboration between Bluzelle and Equinix will significantly reduce the barriers preventing the equal distribution of opportunities for potential proof-of-stake (PoS) node validators. Lower Cloud...
Ethereum gas fees drop as daily DEX and DeFi volumes decline
5.3.2021
Ethereum fees have pulled back from their recent highs alongside a decline in DeFi transaction volumes but the rise of NFTs could push transaction costs back to new highs
Bitcoin Consolidates Below USD 50K, Ethereum, Altcoins Extend Decline
4.3.2021
Bitcoin price started a downside correction from the USD 52,500 zone. BTC settled below USD 50,000, but it remained stable above USD 48,000. It is currently (13:30 UTC) consolidating and it might climb back above USD 50,000.
Besides, most major altcoins are showing a few bearish signs. ETH traded...