Visualizing Bitcoin’s Future Price Cycles With the Power-Law Corridor Model – Featured Bitcoin News

There’s a number of tools, charts, and models traders use to help them forecast bitcoin price cycles and our last article discussed leveraging the Golden Ratio Multiplier. The following editorial discusses another method of bitcoin price prediction analysis by utilizing Logarithmic Growth Curves. In September 2019, a comprehensive paper published by Harold Christopher Burger describes how crypto proponents can visualize bitcoin price cycles using the Power-Law Corridor model. Bitcoin’s Logarithmic Growth Curve In order to give our readers some deeper perspective, Bitcoin.com News has been covering a few useful price…

Ethereum Could Power CBDC Says Chinese Goverment Official

Yao Qian, a member of The China Securities Regulatory Commission, presented a case where a possible Digital U.S. dollar and the Digital Yuan run on top of Ethereum’s network. The government official spoke on The International Financial Forum (IFF) 2021 in Beijing on May 30th. The summit had the objective of discussing the post-pandemic world and China’s potential for international partnerships. Qian was part of the forum called “Digital Currency and the Future Digital Transformation”. During this event, the government official said that digital assets and central bank digital currencies…

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Price analysis 5/31: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, ICP, BCH

Bitcoin and altcoins are attempting to start a relief rally, suggesting traders have decided to start buying at lower levels. Bitcoin’s (BTC) massive drop in May 2021 is among its worst monthly performances, according to data from Bybt. The decline has divided the crypto community, with long-term investors considering the fall as a buying opportunity while short-term traders are dumping their positions out of fear. Glassnode data suggests that long-term HODLers and miners are using the current weakness to accumulate Bitcoin. This transfer of Bitcoin from weaker hands to stronger…

WARNING: BITCOIN & CARDANO BREAKOUT, BUT BULLS NOT HERE YET!

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Bitcoin Mining Difficulty Experiences This Year’s Largest Epoch Drop, Global Hashrate Slips Lower – Mining Bitcoin News

Bitcoin’s mining difficulty dropped this week at block height 685,440 and saw the largest negative drop of the year losing close to 16%. Overall the global hashrate has dropped around 2% since the price fell below the $40k handle. Currently, the mining difficulty is around 21 trillion, and it could drop another 16% in less than two weeks. Bitcoin Mining Difficulty Slides Close to 16% Down Following 2021’s Largest Epoch Difficulty Rise The price of bitcoin (BTC) has seen better days and following the drop in price, the hashrate has…

Amid pullback, Argentinian Bitcoin miners thriving

While the broader crypto market suffers through a painful slump, a new report today indicates that Bitcoin miners in Argentina are thriving as they take advantage of convoluted energy policies.  A report from Bloomberg republished in the Buenos Aires Times says that residential mining is picking up due to a mix of factors, including currency controls, energy subsidies, and rampant inflation. The favorable mix of conditions has even brought in international attention as Canadian mining company Bitfarms Ltd. looks to set up what will reportedly be the largest mining operation…

Five Signs That The Bitcoin Bottom Is In

Bitcoin price was slashed in half during the month of May, leaving today as the last day for bulls to make a stand and undo the worst monthly on record. Even if the blood stain is left behind on the price chart for good, that doesn’t mean bulls still can’t pull off an upset and push prices higher. Here are five signs that Bitcoin price has bottomed out, or will be soon. The Signals Showing The Bitcoin Bottom Is Near Just as extreme bullish sentiment and exuberance around mid-April was…

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0x Protocol Launch on Polygon Will Help It Scale Its Ethereum-based DEX Services

The 0x API will facilitate the DEX liquidity aggregation on the Polygon network while allowing users to access the full spectrum of on-chain liquidity across the Polygon network.  Ethereum-based open-source protocol 0x has recently landed on the Polygon blockchain network. With this, 0x joins some of the top DeFi projects like Aave, Augur, Sushi, Curve, Paraswap, 1inch to launch on Polygon. The goal of this development for 0x has been to scale its Ethereum-based DEX services in the market. For this, 0x has released an industry-leading API that will facilitate…