Cryptocurrency Analysis and News Portal
In the tech world, we often see established platforms making bold moves to adapt to the changing times. A well-known social media company, X, previously Twitter, has taken a significant step forward by obtaining a Rhode Island Currency Transmitter License. This license allows X to become more involved in crypto,
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Hedge fund manager Michael Burry’s Scion Asset Management dumped all but one of its stock holdings in the second quarter, according to the firm’s filing with the U.S. Securities and Exchange Commission (SEC). Burry, famed for forecasting the 2008 financial crisis, has predicted a stock market crash, warning that winter
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Cleveland Federal Reserve Bank president Loretta Mester doesn’t think a recession will take place in the United States but believes it will take two years to get inflation back down to 2%. While speaking during an interview on Sunday, Mester explained that while it will take two years, inflation “will
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What is a digital currency and how it works?Digital currency or cryptocurrency is a virtual system of money that is managed by Block-Chain technology. Starting in 2009 it is a system that works in a decentralized manner without the involvement of the government. The money in this system is not
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Bitcoin has picked up its bullish momentum in the last 24 hours. High levels of Institutional adoption, fundamentals, and on-chain indicators look bullish and point to an extension of the rally, at least, in the long term. In a recent report, Senior Commodity Strategist for Bloomberg Intelligence, Mike McGlone, states that
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More warnings flashed for Yearn Finance’s governance token YFI even as it showed signs of recovering after an
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Ethereum has seen a strong correction from the highs it has seen earlier this month. After peaking at
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Save for the slight 2-3% rally seen on Tuesday, Bitcoin’s price action over the past few weeks has
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The Bitcoin Stock to Flow (S2F) model created by the pseudonymous analyst “PlanB” has been a controversial subject over the past year. A majority of cryptocurrency investors on Twitter seemingly believe in the model, though it’s increasingly come under fire.Debate about PlanB’s work has come to a head over the
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It’s clear that Bitcoin is building towards a breakout. The cryptocurrency has converged towards supports in low-$9,000s, with volatility reaching multi-week and multi-month lows.Unfortunately for bulls, a textbook chart pattern is predicting that Bitcoin will break lower from this range, likely to fall towards the $8,000s.Related Reading: BTC Hash Rate Recovers
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