Day: September 27, 2021

Bearish Bitcoin fractal with 78% success rate flashes as BTC drops below $43.5K

Last week’s drop in Bitcoin (BTC) that saw BTC price falling from $47,358 to $43,178 has sparked fears of an extended selloff. Independent market analyst Nunya Bizniz highlighted a bearish fractal on Bitcoin’s weekly charts concerning its 21-week exponential moving average (EMA). In detail, the cryptocurrency has closed below the said support zone 18 times to date but retained its previous bullish bias only four times out of all—as shown by the dotted vertical lines in the chart below. BTC/USD daily price chart featuring its 21-week EMA. Source: Nunya Bizniz, TradingView.com In the…

How Much Ethereum Do I Need To Become A Cryptocurrency Millionaire in 2021? | BitBoy Crypto

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Can ethereum cryptocurrency make you a millionaire in 2021? How much Ethereum do I need? Today we are joined by Ben of BitBoy Crypto to discuss cryptocurrency in 2021! Enjoy! Follow Ben Here: Watch the FULL BitBoy Interview Here: *This video is not financial advice. Investing in cryptocurrency is very risky* 🔵 Buy Bitcoin/Ethereum on Coinbase and we both receive $10 in Bitcoin! 🔴 Where do you buy altcoins? Use this Binance Referral ID code “MMT30EAI” while creating a new account. You…

ETH developer pleads guilty for conspiracy to violate sanctions laws

Ethereum (ETH) developer Virgil Griffith has pleaded guilty to a federal charge that he conspired with North Korea to violate United States sanctions law.  On Monday, Griffith pleaded guilty in New York for conspiring to violate the International Emergency Economic Powers Act, which forbids U.S. citizens from exporting technology and intellectual property to communist countries. As part of the plea deal, Griffith could face up to six-and-a-half years in prison. Formal sentencing is expected to commence in January 2022. Virgil, who served as senior researcher for the Ethereum Foundation, was…

JPMorgan Analysts Say That Big Money Are Dumping Bitcoin For Ethereum

Ethereum has recently made its way into the radar of institutional investors. More big money has been flowing into the digital asset in recent months following the success of decentralized finance (DeFi). With this much money coming in from institutional investors, the value of ETH has seen significant growth in the past couple of months. Data shows that institutional investors are getting into Ethereum as early as possible, eliminating the possibility of “missing the bus” when the cryptocurrency eventually becomes an important part of traditional finance markets. Ethereum being more…

Coinbase to Allow US Users to Deposit Paychecks Directly in Crypto — CoinDesk

In a separate announcement, Coinbase said it would allow Coinbase Visa debit card holders to earn crypto rewards on spending in dollars as well as certain cryptocurrencies without fees, and that it had improved its mobile and web apps to enable users to research assets, conduct transactions and “engage with the broader cryptoeconomy.” The company said that beginning this week, cardholders will be able to earn 1% on DAI tokens or 4% on AMP or RLY tokens. They can already earn 1% on ether, dogecoin and bitcoin, and 4% on…

Crypto baffles mainstream media, but should blockchain advocates care?

The relationship between crypto and mainstream media (MSM) is complex, and it’s probably fair to say that some in the crypto community haven’t been overjoyed with the treatment they’ve received over the years.  MSM has largely ignored Bitcoin (BTC) and other cryptocurrencies outside of occasional reports of hacks, ransomware attacks and other illicit activities. “They’ve done a fairly poor job of coverage for the last decade and it’s almost always negative coverage,” Samson Mow, chief strategy officer at Blockstream and CEO at Pixelmatic, told Cointelegraph. “You’d be hard-pressed to find…

What Do DAOs Actually Do? — CoinDesk

That’s largely because DAOs, in their current form, have an almost impossibly broad ambit. It’s worth making sense of the chaos: What should a DAO actually do once everyone has found their way to the paywalled Discord channel? Crypto utopians say DAOs are the new companies, but, for now, many just operate like social clubs; a list of DAOs in a Twitter bio has become a status symbol in certain corners of crypto. Source