Avalanche-based protocol rug-pulled within hours of its debut
TL:DR Breakdown Avalanche based Atom protocol suffers rug pull just after its launch The scam brings about deleting of all the social platforms for Atom Protocol Many users suffer with the downfall of the Avalanche based protocol Scams, hacks, rug pulls, and exploits are all prevalent in the world of cryptocurrency. The industry has developed […]
Solana Price Analysis: SOL/USD bearish for the next 24 hours
TL;DR Breakdown Solana price analysis is bearish today. Strong resistance present at $122. Solana trading price is $84. Today, the Solana price analysis is bearish since we observe a strong bullish potential taking the throne from the bears. Bulls are desperately trying to end the bear market on the market, and as bull momentum builds, […]
Polkadot price analysis: DOT/USD advances to $19.8 as bulls charge at $20 barrier
TL;DR breakdown Today’s price analysis of Polkadot is bullish. Polkadot current price is $19.39 Resistance present at $20 Today’s analysis reveals a bullish trend for the coin Polkadot. Polkadot is currently trading at $19.40 with an increase of 5.74 percent from its previous price, a bullish trend. Resistance is present at $20.35 which must be […]
Bitcoin, Ethereum, Ripple, Tezos Daily Price Analyses – 12 February Roundup
TL;DR Breakdown The global crypto market cap drops to $1.90 trillion. Bitcoin stays sluggish around the $42,200 mark. Ethereum drops below $3,000 after bleeding on daily and weekly price candles. Ripple and Elrond continue to gain, and Terra also moves forward. Tezos and Theta record significant losses in the past 24 hours. The highly fluctuating […]
Another Italian football club, Udinese launch $UDI Fan Token
TL;DR Breakdown Udinese joins top Serie A clubs by launching its Fan Token on Socios.com. Socios.com will have brand visibility on the team’s training and pre-match warm-up kits. Italian professional football club Udinese Calcio has partnered with Chiliz blockchain provider for the sports and entertainment industry. Both organizations announced that they will launch their official […]
Axie Infinity price Analysis: Axie Infinity stagnates near $65 resistance
TL/DR; Breakdown Axie Infinity price analysis is bearish Axie Infinity current price is $62.85 Resistance of $67.55 retested as Axie Infinity prepares to break the resistance Axie Infinity opened the daily market with a bearish trend. However, it has a bullish sensation amid the bearish movement. Axie Infinity’s current price is $62.85.The bears seem to […]
Bitcoin donors fund Ukrainians in war against Russia
TL;DR Breakdown Bitcoin donors fund Ukrainians in war against Russia. More and more individuals continue to embrace crypto donation trend. More and more Bitcoin donors have continued to provide finances for Ukrainians in their conflict against Russia over the past six years. According to data from blockchain analytics company Elliptic, Ukrainian volunteer groups and non-government […]
US crypto revolution begins – 2022 Arizona Bitcoin bill seeks to legalize BTC
TL;DR Breakdown Arizona Bitcoin bill aims to make Bitcoin a legal tender in the state Arizona State Senator Wendy Rogers (R) hopes to make BTC state’s transactional currency The past few months saw the USA make big strides in crypto regulations. Some steps were positive while most were aimed at regulating the cryptocurrency market. Now, […]
MicroStrategy buys Bitcoin despite the bearish streak affecting the crypto market
TL;DR Breakdown • CFO clarifies that MicroStrategy will not sell its Bitcoin holdings.• The finance company will release the complete earnings report in February. MicroStrategy announced that it would continue buying Bitcoin despite the loss of 50% of its value after months of a downward trend. The business intelligence company has reported losses in millions […]
Illiquid supply and its significance on price in 2022
TL;DR Breakdown Bitcoin has been a regular subject of news highlights over the past few months. In the latest, the world’s largest cryptocurrency plunged below the $33,000 mark, registering a six-month low. The value of Bitcoin is down 50% since its record high of around $68,000 in early November. This dip in the digital asset’s […]
Brazil fintech firm to expand globally by incorporating crypto
TL;DR Breakdown Brazilian fintech firm Dock to add support for crypto. Dock to expand to Latin America and Europe. Crypto adoption surging in Brazil. Dock, a Brazilian financial services firm, has announced that it will start utilizing crypto to carry out foreign remittances. As per a Reuters report on Jan. 21, the fintech service provider […]
Intel to bring a specialized Bitcoin mining chip in February 2022
TL;DR Breakdown: Intel is reportedly releasing a specialized Bitcoin mining chip. It will be an ultra-low-voltage and energy-efficient mining chip. Intel has also formed a partnership with carbon-free BTC mining startup GRID. Intel, one of the largest computer chip manufacturers in the world is rumoured to launch a specialized Bitcoin mining chip at its next […]
Bitcoin hash rate touches all-time high
TL; DR Breakdown Bitcoin hash rate reaches all-time high The mining hash rate touches 183 Exahash Short term Bitcoin holders are selling off their assets The Bitcoin sector was brought to a slight standstill after China announced a ban on crypto-related activities across the country. Although the effect was not felt at first, the entire […]
Fidelity announces Bitcoin exchange fund through its regulated company
TL;DR Breakdown • The Canadian firm will experiment with the first Bitcoin ETF in 2022.• Fidelity adds the exchange-traded fund to its “all-in-one” section. Fidelity, a Canadian trade manager, just announced that it is renewing its operations to offer a higher return against ETF risks for Bitcoin. The company is ranked number one among Canadian […]
Bitfarms buys $43.2 million in BTC
TL;DR Breakdown • Canadian crypto-mining awaits the rebound of the leading cryptocurrency.• Bitfarms discloses that over 70 percent of its funds are in Bitcoin. Recently the Canadian crypto-mining company Bitfarms has claimed that it has invested over $43 million in BTC. According to speculation, the firm believes that the time is right to invest in […]
Bitcoin, Ethereum, Helium, and UNUS SED LEO Daily Price Analysis – 8 January Roundup
TL;DR Breakdown Bitcoin retests the $41,000 level, currently trades at $41.9K Ethereum continues its fall with a further 3.80% decrease Helium records a loss of 11.50%, while the rest of the market bleeds significantly. LEO posts a gain of 5%, ICP, ONE, and KLAY also manage to stay green. The cryptocurrency industry is among the […]
7 most amazing Bitcoin mining sites around the world
When we think about cryptocurrency mining, the usual picture that pops up in our minds is a large room stacked with computers and GPUs with wires tangling all over the place. But you’d be surprised to know that some of the largest Bitcoin mining sites are located in beautiful locations and epic facilities. Bitcoin mining […]
Kazakhstan protest leads to internet shutdown: 15% of global Bitcoin miners go offline
TL;DR Breakdown Protests in Kazakhstan led to a nationwide internet shutdown. Almost 15% of global Bitcoin miners were offline. All major BTC mining pools experienced a significant reduction in their hashrate. The entire nation of Kazakhstan was offline for almost 24 hours, a country that’s the second biggest hub of Bitcoin mining in the world. […]
NYC Mayor encourages investors to buy Bitcoin
TL;DR Breakdown • Eric Adams, in an interview, said that is the perfect time to buy Bitcoin.• The NYC mayor could get 1.51 Bitcoin per month as payment. Eric Adams, the NYC mayor, influences the crypto market after motivating his followers to buy Bitcoin dip. Adams, who in previous months suggested that he would receive […]
Goldman Sachs sees Bitcoin at $100k, winning over gold
TL;DR Breakdown Bitcoin will surpass $100,000 value if it continues eating into Gold’s market share, according to Goldman Sachs. Bitcoin is already outperforming gold in the market. Bitcoin adoption as digital gold will make Bitcoin reach a price tag of $100,000, according to analysts at the leading global investment bank, Goldman Sachs. The analyst noted […]
Kosovo applies anti-crypto-mining law to avoid electricity crisis
TL;DR Breakdown • The European country suffers frequently from electrical failures caused by crypto mining.• Kosovo and Iran appear to be the least desirable destinations for crypto mining farms. Kosovo recently applied a law against crypto mining after going through blackouts that affected the capital city. Regulators are reportedly looking to curb the operations of […]
Bitcoin held by public companies increased in 2021
TL; DR Breakdown Public companies witness an increase in their Bitcoin holdings Microstrategy continues to buy Bitcoin Grayscale held about 71% of the market share in 2021 Over the last few years, Bitcoin has become the go-to instrument in the financial market. The digital asset has continued to fill the blanks in various aspects, including […]
Coin98 Price Analysis: C98 below resistance at $3.96, set to breach?
TL;DR Breakdown Coin98 price analysis can be considered bullish for today. The cryptocurrency has found support at $3.85 and a strong one at $3.69. The nearest resistance is present at $3.96, while a strong resistance at $4.1 is recorded. Coin98 has attracted a lot of investors as in the recent bullish market growth, Coin98’s performance […]
Bitcoin, Ethereum, Fantom, Monero Daily Price Analysis – 1 January Roundup
TL;DR Breakdown Bitcoin hovers around $47,000, awaits a clear breakout. Ethereum records no major price change over the last day and stays around $3,750. Fantom, Cosmos, and Monero show daily and weekly gains to their names. Metaverse and meme coins stay under the influence of bears as the rest of the market remains static after […]
Bitpay records suggest that BTC use case for payment is reducing
TL;DR Breakdown The use of BTC to settle payments in 2021 reduced significantly, according to the latest data from Bitpay, one of the most significant payment companies. The dominance of BTC in crypto payments was very notable in 2020 but last year was different since other coins raised the competition. BTC had one of the most […]
Satoshi Nakamoto’s identity unveiled
TL;DR Breakdown Elon Musk says Nick Szabo is most likely Satoshi Nakamoto. Gives reasons, other clues why he picks Szabo as Satoshi Nakamoto. World’s second richest man and Tesla CEO, Elon Musk, has predicted that hyper-secretive cryptocurrency expert Nick Szabo could be the original Satoshi Nakamoto. Musk said this on Tuesday when he was featured […]
El Salvador to put an end to fiat currency
TL;DR Breakdown • President of El Salvador believes that cryptos should be used with priority.• By 2022, the country in Central America could launch its first ETF. Among the latest advances in El Salvador, which is awarded as the main country to use cryptocurrencies legally, the country’s president Nayib Bukele has said goodbye to fiat […]
Bitcoin, Ethereum, Polkadot, Terra Daily Price Analysis – 27 December Morning Prediction
TL;DR Breakdown The global crypto market cap has increased by 1.7% in the last 24 hours. Bitcoin rises above the $50,000 mark after a 2.55% increase in price value since yesterday. Ethereum turns bullish with the rest of the crypto market, gaining 1.18%. Polkadot surged over 9% in the last 24 hours, and Terra reports […]
Bitcoin: Mexican Billionaire advice investors to buy BTC
TL;DR Breakdown • The Mexican millionaire advises his Twitter subscribers to buy BTC.• Bitcoin trades today at $50,275.40. Recently Ricardo Salinas, a Mexican magnate considered the most powerful for Central America, said that the fiat currency is a sham. He recommended to his followers they trade with Bitcoin. Salinas, who stands out for having more […]
Bitcoin’s price is $49k but its value is $0
TL;DR Breakdown Economist Steve Hanke says BTC has no value. Max keiser fires him for saying BTC has no value. Hank reveals why fiat is superior to Bitcoin. An angry Bitcoin enthusiast, Max Keiser who wasn’t going to have negative sentiments about number one cryptocurrency, Bitcoin fired back at Steve Hank, a renowned economist. Keiser […]
India police give tips against being victims of crypto fraud
TL;DR Breakdown India police reminds locals about crypto scams and tells them to be careful. Says that most crypto scam cases are trading or investment fraud. Urges people not to be greedy to prevent them from crypto scams. The Indian police have sounded a warning to locals not to fall victim to any cryptocurrency scam […]
Dogecoin community, Ethereum developer Buterin partner to develop community stacking
TL;DR Breakdown Doge community parter Vitalik Buterin to develop community staking platform. Other projects Doge community is working with alongside Ethereum developer, Buterin. The Dogecoin Foundation, a non-profit organization, has joined forces with the founder of Ethereum, Vitalik Buterin to create a “Community Staking” system based on the Proof-of-Stake (PoS) consensus mechanism. Per the Dogecoin […]
Bitcoin, Ethereum, Cardano, Terra Daily Price Analysis – 23 December Roundup
TL;DR Breakdown Bitcoin breaks out of the $40K range and reaches $51,000. Ethereum goes past $4,100 as the market rides on green candles. Cardano records 9% growth, Terra and Shiba Inu among top gainers. Metaverse coins, Decentraland, and the SandBox accumulate significant gains. The unpredictability of the cryptocurrency market has never ceased to amaze people. […]
El Salvador buys 21 more Bitcoins: The country now owns 1141 BTC
TL;DR Breakdown President Nayib Bukele bought 21 more Bitcoins. The country’s treasury now has 1141 BTC. El Salvador is reaping great benefits recently from its BTC adoption. El Salvador keeps increasing its Bitcoin reserve by continuing to buy in the dip. The country’s President Nayib Bukele announced on Twitter today that his government will buy […]
Bitcoin adoption: Whale wallets control 27% of BTC in circulation
TL; DR Breakdown Bitcoin adoption research shows retail wallets control more BTC in circulation The adoption rate among Whales was 16% in June More Bitcoin and less active wallets This year has been a turning point in the history of Bitcoin adoption across the world. This is because most people are now turning to the […]
Bitcoin miners unspent supply nears all-time high: Mining profitability remains low
TL;DR Breakdown Bitcoin miners unspent supply is just 500 BTC short of its ATH. Miners are hodling their BTC despite low mining profitability. BTC hash rate is just 14% away from its ATH. According to Galssnode, the total amount of Bitcoin held by miners are just 500 BTC short of its 1.778 million all-time high. […]
Bitcoin is the most searched cryptocurrency in Colombia
TL;DR Breakdown • Bitcoin is among the top ten internet search options in Colombia.• The most globally traded cryptocurrency raises its price to over 2 percent. In Latin America, especially in Colombia, crypto adoption has increased greatly throughout 2021. A few days to saying goodbye to the vigorous year, reports indicate that Bitcoin has been […]
Academic expert warns Bitcoin itself ‘may not last that much longer’
TL;DR Breakdown Senior professor of international trade policy, Eswar Prasad says, ‘Bitcoin itself may not last that much longer.’ Bitcoin might have to fight for the top spot as more environmentally friendly and sustainable cryptocurrencies continue to hit the market. Bitcoin continues to struggle in a tight range of around $46,000. Since 2009, Bitcoin has […]
BTC is the crypto of choice for women
TL;DR Breakdown • WazirX reports that its crypto operations increased 1000 percent.• The crypto platform admits that women trade more BTC than other cryptos. WazirX, one of the best crypto exchanges in India, achieved a record trading volume of $43 billion. This shows that the cryptocurrency platform has grown by more than 1500 percent compared […]
Samuel Dobson, Bitcoin Core developer, quits his role to focus on Ph.D
TL;DR Breakdown Samuel Dobson relinquishes his position as a bitcoin core developer. The developer rallied Twitter users to fund developers. Samuel Dobson, a programmer, revealed that he is resigning as a Bitcoin Core developer on Thursday night. Dobson, who was in charge for three years, cited academic reasons for his resignation. In a spate of […]
