Cryptocurrency Analysis and News Portal
The ongoing bear market on cryptocurrency markets is too harmful to industry lenders, but the concept of crypto lending can still survive the bloodbath, according to some industry experts.Cryptocurrency lending is a type of crypto service that allows borrowers to use their crypto assets as collateral to get loans in
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The president of El Salvador has some advice for bitcoin investors. He believes investments in the largest cryptocurrency are safe and will “immensely grow” after the bear market. El Salvador’s President on Bitcoin Investments The president of El Salvador, Nayib Bukele, has spoken up about bitcoin investments amid BTC’s heavy sell-off. El Salvador
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Key takeaways: Sam Bankman-Fried’s Alameda Research has lent Voyager digital 200 million USDC and 15k Bitcoin. The digital assets are meant to safeguard Voyager Digital’s customers’ assets during the current crypto market volatility. The term sheet between Alameda Research and Voyager Digital provides a revolving term of credit facilities expiring December 2024 with
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Key takeaways: El Salvador’s President Nayib Bukele has advised crypto traders to stop looking at the Bitcoin chart and enjoy life. President Bukele also reassured Bitcoin holders that their investment is safe and its value will immensely grow after the bear market. According to Bitcoin Treasuries, President Bukuele’s Bitcoin purchase on behalf of
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El Salvador introduced BTC as legal tender on September 7, 2021, when its market price was around $50,000. Ever since, Bukele’s government made significant returns on their initial BTC investments as Bitcoin rallied to its all-time high of $69,000, which was redirected to the country’s various infrastructure development initiatives. However,
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As a difficult proposition for novice traders, a bear trap can be recognized by using charting tools available on most trading platforms and demands caution to be exercised. In most cases, identifying a bear trap requires the use of trading indicators and technical analysis tools such as RSI, Fibonacci
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The bull market is gone and the reality of a long crypto winter is surely giving traders a bad case of the shivers. Bitcoin’s (BTC) price has fallen to lows not even the bears expected, and some investors are likely scratching their heads and wondering how BTC will come back
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Binance Labs, the venture capital and incubation arm of the Binance cryptocurrency exchange, continues its business as usual despite the ongoing bear market.The VC firm is preparing to launch the fifth round of the Most Valuable Builder (MVB) accelerator program, the incubation program designed to support new projects focused on
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The Las Vegas-based, sustainable bitcoin miner said in a statement that the machines will add over 252 petahashes per second (PH/s) of hashrate to CleanSpark’s bitcoin mining capacity, once fully deployed. The bitcoin mining specific computers, called ASICs, will start arriving at CleanSpark's facilities in August, and shipping will continue
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"This is very bad, especially for those holding their coins there, but also for the industry as a whole," wrote Mati Greenspan, founder of the cryptocurrency and foreign-exchange analysis firm Quantum Economics, wrote Monday in a newsletter. "There isn't much optimism right now. It's been a very brutal bear market." Original
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