Cryptocurrency Analysis and News Portal
Peter Wood, the CEO of up-and-coming UK exchange CoinBurp, believes NFTs are caught in a bubble that will eventually pop. However, Wood says that much like cryptocurrencies consolidated through crypto winter to emerge stronger, so will NFTs after the pop. Signs of Digital Art NFTs Cooling Following the record-breaking $69.3mn sale of
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A retailer of specialty teas and baked goods based in Hunan, China is expanding its business into cryptocurrency mining.According to a press release on Thursday, Urban Tea Inc. has hired two new executives ahead of its strategic expansion into its new cryptocurrency venture.Fengdan Zhou has been hired as the company’s
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A number of entities have called Bitcoin (BTC) a bubble since its inception roughly 12 years ago. Michael Wu, CEO of digital asset financial services outfit Amber Group, thinks otherwise, however. “I think it’s always like this when people come into a new paradigm shift,” Wu said in a CNBC interview
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Bitcoin shed a couple thousand dollars in overnight trading, while larger wallet addresses appear to be consolidating their holdings. Meanwhile, Treasury Secretary nominee Janet Yellen said crypto is a “particular concern” and Web 3.0 advanced with Brave’s IPFS integration.At around Bitcoin block height 666920, President-elect Joe Biden will take office.
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To think that such a festive concept, one that evokes both sophistication and childlike wonder, could become so financially charged …Last week, Bank of America Securities chief investment strategist Michael Hartnett said in a note that bitcoin looks like “the mother of all bubbles.”Harnett seems to be using the strength
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Bitcoin has seen immense volatility over the past few weeks, slingshotting between key support and resistance levels on a daily basis. Monday’s price candle alone had an $8,000 range, which is the largest ever. just the ol 8k daily range pic.twitter.com/FXXet2NzmJ — nic carter (@nic__carter) January 11, 2021 The cryptocurrency currently trades for
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Bitcoin’s (BTC) recent volatile price corrections might conjure up images of the 2017 crash in your mind, or maybe even the crash caused by COVID-19 back in March of this year. But the fact that Bitcoin has reached $20,000 for the first time in history is not a reason to
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Quick take:Timothy Peterson has pointed out that Bitcoin is in ‘bubble territory’He further warns of a possible 20% drop in the value of BTCBitcoin has failed to claim the $16k price area as support A rising wedge on the 6-hour chart could mark the beginning of a possible correctionTimothy Peterson of
Read MoreProgrammers have found a way to replace the core service offerings of Wall Street and an army of corporate lawyers with 800 lines of smart contract code.The “De” in DeFi stands for “decentralized,” meaning there are no intermediaries in the process. Despite the raw and unpolished user interface, billions of
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Many have drawn similarities between DeFi and the ICO craze of 2017, and it’s easy to see why
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