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Bitcoin (BTC) bulls faced strong headwinds on March 22 that quickly dampened any attempt at a breakout above the $58,000 level despite comments from United States Federal Reserve Chair Jerome Powell which called the top cryptocurrency a “substitute for gold.” Data from Cointelegraph Markets and TradingView show that traders made several attempts to push BTC above $58,000 over the past two days only to be rejected, with Monday’s failure resulting in a pullback to the $54,000 support level. BTC/USDT 4-hour chart. Source: TradingView On-chain analysis shows that while BTC price struggles…
On Monday, the New York-based company Greenidge Generation Holdings revealed the business aims to be the first publicly-listed mining operation with a wholly-owned power plant. Greenidge expects to be publicly listed on Nasdaq via a merger with the firm Support.com. Greenidge Bitcoin Mining Operation and Gas Power Plant Plans to be Listed on Nasdaq Last year in March, Bitcoin.com reported on the company Greenidge Generation Holdings joining the bitcoin mining ecosystem, as it launched a fleet of mining rigs at the 65,000 square-foot natural gas utility plant in Dresden New…
Futures contracts trading has grown immensely over the past year, and proof of this comes from the total rise in open interest. Open interest is the total number of outstanding contracts, and the figure has risen from $3.9 billion to the current $21.5 billion in six months, a 450% increase. Sometimes traders assume that a high or low funding rate and soaring open interest indicate a bullish market, but as Cointelegraph has explained before, this is not the case. This article will take a quick look at the funding rate…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io If you have ever wanted to explore foreign planets, colonize the galaxy, and fight aliens, then this post about the Alien Worlds blockchain game is for you! Alien Worlds is a WAX based blockchain game that allows players to mine and extract the Trillium Cryptocurrency from different planets, level up their characters and equipment, and compete in tournaments all while contributing to their planetary economy. In this post, I’ll provide a brief overview of the game play and show you how to…
As part of an internal program, Microsoft has asked its users for their payment preferences. In a poll shared on Bitcoin’s subreddit (r/bitcoin), a user named “Jebusura” reported that the software company began polling for alternative payment methods. Microsoft asked the follow giving BTC as an option: Which of these other payment methods would you like to use on Xbox? Microsoft’s goal is to determine whether users would be comfortable paying for the Xbox gaming platform’s online store services with Bitcoin. The software company included BTC as a payment option…
The Central Bank of Nigeria (CBN) has clarified its stance towards bitcoin (BTC) and other cryptocurrencies, making it clear that crypto traders in the country are free to carry out their operations on a peer-to-peer basis, as its ban did not outlaw the use of cryptos, but it’s rather an effort to protect lenders under its purview, according to a report by local news publication Today Ng, on March 20, 2021. The CBN Sheds More Light on Crypto Ban In a somewhat positive development for Nigeria’s fledgling cryptocurrency industry, the…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ethereum appears to be at the bottom, but is there more dumpage to come?!?! Blockfi – Follow us on Twitter – In today ‘s ethereum update today we look at latest ethereum news and ethereum chart analysis to answer the question should I buy ethereum or bitcoin? Ethereum has been looking very bearish recently, do you think that the ethereum drop isn’t finished or there is more of a drop still to come on ethereum? ethereum ethereum update today ethereum news ethereum…
Bitcoin price is struggling to get back over $60,000 where the current all-time high record stands. However, according to one top crypto researcher’s take on the cryptocurrency’s Energy Value, the top is still as much as 350% away from here. A rise from current prices by 350% as predicted, would bring the price per coin to as high as $260,000 each, matching the expected targets of other analysts. Here’s more about Bitcoin’s Energy Value Oscillator and why the analyst in question believes the bull market still has so much more…