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Remittances to Africa Set to Drop by 5.4 % to $41 Billion — Covid-19 Pandemic and High Sending Costs Blamed
21.9.2021
According to findings from the Continental Migration Report 2021, remittances to African countries are projected to decrease from the $44 billion recorded in 2020 to $41 billion. The Covid Effect As expected, the Covid-19 pandemic is identified as one of the main causes of the decline. However...
Bitcoin, Ethereum And Altcoins Resume Decline
20.9.2021
tradingview.com/symbols/ETHUSD/">ETH declined below the USD 3,300 and USD 3,220 support levels. XRP is gaining bearish momentum below USD 1.02 and USD 1.00. ADA declined 9% and it even traded below USD 2.20.Total market capitalization Source: https://www.tradingview.com/Bi
Bitcoin, Ethereum and Altcoins Struggle to Recover
13.9.2021
the USD 3,220 and USD 3,200 support levels. XRP extended its decline below USD 1.05 and it is struggling to stay above USD 1.00. ADA is down 8% and it broke the USD 2.40 support.Total market c
Bitcoin and Ethereum Remain At Risk, LUNA Nears Top 10
10.9.2021
gling to start a fresh increase. ETH failed to clear USD 3,500 and it might extend its decline below USD 3,400. XRP is also moving lower and it might decline below the USD 1.05 support. ADA is stable
Bitcoin, Ethereum and Altcoins Struggle To Recover
8.9.2021
s decline below USD 3,350. XRP is trading below the USD 1.12 pivot, but the bulls are protecting the USD 1.00 support. ADA is back above USD 2.25 but it is facing resistance near USD 2.45.Total
Cointelegraph Consulting: Rarible’s daily transactions see a rapid decline
29.7.2021
The daily transaction volume on NFT auction site Rarible has dropped significantly since peaking in April 2021 and has not recovered since
China's Global Bitcoin Hashrate Was On Decline Before Crackdown
15.7.2021
It seems that the Great Miner Migration began even before the latest exodus from China. That country’s share of global Bitcoin (BTC) hashrate started declining before the latest government crackdown, while that in other countries has seen an increase, found the Cambridge Centre for Alternative...
Hedge funds see the crypto market decline as an investment opportunity
13.7.2021
From rebalancing cash positions to announcing new investment products, hedge funds seem undeterred by the current crypto market decline
JPMorgan Says Crypto Market Is Healing, Expects More Price Decline Before Capitulation
29.6.2021
JPMorgan Chase has released an investor note stating that the cryptocurrency market appears “to be beginning the process of healing.” In the short term, however, the JPMorgan analysts expect further sell-offs before capitulation. JPMorgan’s Crypto Market Outlook JPMorgan...
Mike Novogratz: Institutional Investors Will See Bitcoin’s Price Decline as Opportunity to Buy
24.6.2021
Galaxy Digital CEO Michael Novogratz says he is not nervous about bitcoin’s price falling, even when it falls below $30K. “The ecosystem is so much more mature. The amount of players that are moving in are so much more mature. Every single bank is working on their own crypto...
US Senator Cynthia Lummis ‘Excited’ About Bitcoin’s Price Falling, Plans to Buy the Dip
23.6.2021
U.S. Senator Cynthia Lummis said that she is “really excited” about the low price of bitcoin, and is planning to buy the dip. “As soon as it drops a little more I’m going to buy some more,” she said. The senator believes bitcoin is a great store of value. Pro-Bitcoin...
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...