Day: September 27, 2021

Google, the most popular Bitcoin trend indicator, turns 23

Google, the leading indicator used to track the popularity of Bitcoin (BTC) and other cryptocurrencies, celebrated its 23rd anniversary on Sept. 27, 2021. Founded by Larry Page and Sergey Brin when both were students at Stanford University, the search engine has spent the majority of its 23 years of existence being one of the primary entry points to the internet. Following the inception of cryptocurrencies, Google has been widely used as the primary method to search for new coins, track market trends, and learn how to buy crypto. Since internet…

Could A Bitcoin Bull Flag Leave Bears Blindsided

Bitcoin price is at a crossroads, either ready to fall into the troughs of a bear market, or blast off and show the world the bull run has yet to officially end. But which is it? No one truly knows, but a technical pattern and the psychology behind it could reveal the potential outcome ahead of time. Could a potential bull flag forming on daily timeframes confirm, and lead to what is ultimately the checkered flag of the current market cycle? Let’s examine the bullish chart pattern. What Is A…

Traders say Bitcoin’s bullish bias will only be confirmed by a close above $44K

The fallout from China’s ongoing crackdown on the crypto sector has led to uncertainty finding its way back into the market again. At the time of writing, Bitcoin (BTC) traders continue to encounter pushback at the $43,000 level and many altcoins that had accumulated gains in the morning session are also dipping into the red.  Data from Cointelegraph Markets Pro and TradingView shows that an early morning attempt by bulls to push the price of BTC above $44,000 was met by firm resistance but the current back and forth appears…

Immutable X Token Sale Raises Over $12.5M in Under an Hour

Ethereum scaling product Immutable X’s token sale on CoinList sold out in less than an hour, raising over $12.5 million. Of the 720,000 accounts registered to participate in the sale, only around 25,000 (3.6%) were able to make purchases due to the demand, Immutable announced Monday. Immutable said it is aiming for the IMX token to be Ethereum’s “Stripe for NFTs,” offering gas-free NFT minting and trading. Stripe is a payments processing company. Developers of non-fungible tokens (NFTs) who were unable to purchase tokens in the sale are now encouraged…

3 Takes About China’s Crypto Ban That Are Wrong — CoinDesk

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China FUD and false dichotomies, Sept. 20–27

In the wake of yet another iteration of China’s enduring crackdown on cryptocurrency, a particularly influential narrative on Crypto Twitter suggests that by banning Bitcoin (BTC), China has definitively put itself on the dark side of the struggle, while the collective West must now resolutely throw its weight on the opposite side by embracing crypto. Granted, this framework for thinking about the relationship between political power and decentralized finance is appealing for crypto allies. Yet the news coming out of the United States gives few reasons to believe that policymakers…

Coinbase going Public: Everything you NEED to Know

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The largest crypto exchange company in the United States, Coinbase ($COIN), has announced that they are going public in the very near future! In today’s episode we tell you everything you need to know. ____ SUBSCRIBE for more here: Interested in Coinbase? Message me to go even deeper at Topics 0:00​ – Our Sponsor 0:50 – Coinbase going Public 9:12​ – Coinbase Bull vs Bear case BlockFi Interview: Edited by Aaron Thompson ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Coinbase users can choose to deposit paychecks directly to accounts

Coinbase will soon allow United States businesses to deposit employees’ paychecks directly into accounts at the cryptocurrency exchange. In a Monday blog post, Coinbase senior director of product Prakash Hariramani said the exchange would be offering direct deposits for workers who want to use their paychecks to purchase crypto with no transaction fees. Users can set up direct deposits through a supported payroll company on the Coinbase app, or through a company’s human resources department. Hariramani said users will have the option to deposit “as much or as little” of…

Stablecoins Reserve Surges Up Again, Dry Powder For Bitcoin’s Next Big Move?

Data shows stablecoins volume has surged up once again. Past pattern may suggest that this accumulation could be dry powder for Bitcoin’s next big move. Bitcoin Stablecoins Reserve Rises Up Again As pointed out by an analyst in a CryptoQuant post, the stablecoins reserve seems to have risen again back to peak levels. The stablecoins reserve is an indicator that shows the total amount of stablecoins being held on wallets of all exchanges When the value of this indicator moves up, it means investors could be moving out of volatile…