Cryptocurrency Analysis and News Portal
Localbitcoins, the Helsinki, Finland-based bitcoin exchange founded in 2012, is closing operations after over a decade of service. The company’s operators attribute the shutdown to the “ongoing crypto-winter,” which has left them unable to continue offering their bitcoin trading services. The Challenges Faced by Localbitcoins and its Ultimate Demise in the
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Crypto mining firm Riot Platforms — formerly Riot Blockchain — reported that 17,040 rigs deployed at its operations in Texas were offline due to “severe winter weather” in the state.According to a Feb. 6 announcement, Riot reported two of the buildings at its Whinstone facility in Rockdale, Texas were damaged
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The cost of holding a bullish long position in perpetual futures tied to bitcoin has jumped to the highest since the dizzy bull market days of late 2021. Source
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Russian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not that obvious as they may not be paid any interest or cashback. Launch of Russia’s Digital
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“I lived through the financial crisis as COO of a $1 billion hedge fund, we did diligence on Morgan Stanley, Goldman Sachs, BNY Mellon, Lehman Brothers, and we stayed out of Lehman because of the inherent risks and didn’t get caught in the bankruptcy,” he said. “Crypto people need to
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German banking powerhouse Deutsche Bank sustained a Q4 2022 slide in shares even though it took higher profit. Deutsche Bank recently saw its shares slide despite its 10th consecutive quarterly profit achievement. The German multinational investment bank and financial services platform reported a $1.8 billion euro ($1.98 billion) net profit in Q4 2022 attributable
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Nonfungible token (NFT) entrepreneur Wylie Aronow of Yuga Labs — the team behind Bored Ape Yacht Club (BAYC) and CryptoPunks — will be taking a leave of absence from the office to manage a host of heart failure symptoms.In a Jan. 28 Twitter post to his 144,900 followers, Aronow said
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Bitcoin (BTC) saw weakness at the Jan. 25 Wall Street open as United States equities fell in step. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price faces stiff resistanceData from Cryptox Markets Pro and TradingView showed BTC/USD heading below $22,500 after failing to crack resistance near five-month highs.U.S. stocks saw a
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Solana’s (SOL) recent 250% rally to $25 has shocked many investors in the crypto market. At the same time, traders who had eyes on the negative funding rate for SOL in the futures market could have anticipated the bullish move ahead of others. It’s because excessive negative funding rates, like
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Bitcoin (BTC) is in for a new “big rally” as market strength copies conditions from after the 2018 bear market.According to the latest analysis, BTC/USD will continue to head higher “after some consolidation” thanks to key signals from its relative strength index (RSI).Bitcoin prints never-before-seen bullish divergenceWith the BTC price
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