Day: January 17, 2022

Panther protocol co-founder Oliver Gale discusses bringing zero-knowledge technology to multi-chain

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Privacy coins and zero-knowledge technology, which some use to obfuscate the identity of sends/receivers and transaction amounts, have gained enormous popularity in recent years due to mounting regulatory surveillance against the crypto sector. But despite their rapid rise in market cap, critics continue to scrutinize such class of assets as enablers for masking illicit activities. In an exclusive interview with Cointelegraph, Oliver Gale, CEO, and co-founder of the Panther Protocol (ZKP), elaborated on the technology behind its privacy decentralized finance, or DeFi, solutions and why it’s necessary for today’s crypto…

Bitcoin Is Off on US Holiday and Could Fall Further

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Pankaj Balani, CEO of the crypto derivatives exchange Delta Exchange, said that bitcoin is vulnerable to falling further because buying demand is absent. “We are not seeing any bottom fishing at these levels, and the interest to own bitcoin risk around $40,000 remains low,” Balani told CoinDesk’s Omkar Godbole in a WhatsApp chat. “We could retest $40,000 and should that break, we can see a fresh round of selling come through.” Original

Bitcoin price can’t find its footing, but BTC fundamentals inspire confidence in traders

Bitcoin’s (BTC) sudden crash on Jan. 10 caused the price to trade below $40,000 for the first time in 110 days and this was a wake-up call to leveraged traders. $1.9 billion worth of long (buy) futures contracts were liquidated that week, causing the morale among traders to plunge. The crypto “Fear & Greed” index, which ranges from 0 “extreme fear” to 100 “greed” reached 10 on Jan. 10, the lowest level it has been since the Mar. 2020 crash. The indicator measures traders’ sentiment using historical volatility, market momentum,…

Altcoins Are Encroaching On Bitcoin’s Dominance On Digital Payments

Bitcoin has dominated the digital payments space for the longest time and continues to do so. However, this dominance is on the decline as more altcoins are being chosen as the preferred digital currencies for payments. This has mainly been due to cheaper fees resulting from network congestion when the price gets too high. Instead, cryptocurrencies whose fees can range from a few cents to fractions of a cent are now favored by merchants. Altcoins Are Taking Market Share From Bitcoin Crypto payments processor BitPay recently released a report outlining…

25% of US Adults Plan to Start Investing in Crypto, Survey Shows – Featured Bitcoin News

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A U.S. consumer survey shows that 25% of respondents who currently do not own cryptocurrency plan to start investing in crypto. “2021 was a good year for crypto. Of the respondents that own crypto, more than half reported that they had just started investing in the space within the last year.” ‘2021 Was a Good Year for Crypto’ Cryptocurrency exchange Huobi released a report titled “Crypto Perception Report 2022” Thursday. The report includes “an in-depth survey to learn how the average person views cryptocurrencies, their thoughts on emerging trends, and…

First-mover advantage in a CBDC conversation, Jan. 10–17

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Last week saw an unlikely first move in the opening narrative battle around a prospective U.S. central bank digital currency: Congressperson Tom Emmer came forward with an initiative to legally restrict the Federal Reserve’s capacity to issue a retail CBDC and take on the role of a retail bank. This could be massively consequential as we are yet to see a similarly sharp-cut expression of an opposing stance. As a matter of fact, it is not even clear whether other U.S. lawmakers have strong opinions on the matter other than,…

Bitcoin price drops below $42K, but analysts still expect ‘one more impulse’ move

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The wider cryptocurrency market continued to see choppy, sideways price action on Jan. 17 with Bitcoin (BTC) experiencing a midday dip to $41,650. Across the market, trading volumes remain subdued and U.S. financial markets were closed in observation of the Martin Luther King Jr. holiday.  BTC/USDT 1-day chart. Source: TradingView Here’s what analysts are saying about Bitcoin’s price action and the impact today’s correction might have on BTC’s market structure. Major resistance at $43,120 Analysis of the weekly Bitcoin price action was provided by crypto trader and pseudonymous Twitter user…

A New Perspective On Native Cardano DeFi From the Eyes of ADALend’s CEO – Sponsored Bitcoin News

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sponsored A scalable, trustless, and decentralized lending protocol called ADALend is being developed to allow users to operate in a self-governed environment. They made a commitment from the beginning to build natively on the Cardano blockchain, which will allow the lending platform to aggregate protocols that support business models that provide economic support to billions of customers. According to a recent interview with Kaspars Koskins, CEO at ADALend, The company will be an innovative platform to lend digital assets backed by the technology of smart contracts. The platform will allow…

Cardano Hits Bottom? What You Should Consider Before Rushing In

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Cardano managed to enter the top 5 cryptocurrencies by market cap and take the number 4 position, not including USDT. The cryptocurrency has seen important appreciation in 24 hours (5%) and during the past week (25%) following an explosion in its ecosystem. Related Reading | Cardano’s Ecosystem Explodes, Why ADA Could Be Quick To Resume Bullish Trend As of press time, ADA trades at $1.47 as it bounces up its lows in the 4-hour chart. ADA trends to the upside in the 4-hour chart. Source: ADAUSDT Tradingview Cardano was heavily…

Bitcoin: piso de $40.000 no es seguro ante inactividad de institucionales

Si bien el mercado de opciones de bitcoin ha dejado de ser bajista recientemente, algunos analistas siguen sin estar convencidos de la solidez de su tendencia alcista a causa de la débil demanda institucional y la susceptibilidad de la criptomoneda a factores macroeconómicos. Laurent Kssis, experto en fondos cotizados en bolsa (ETF, por sus siglas en inglés) de criptomonedas y director de CEC Capital, dijo que hay pocas señales de interés renovado por parte de los inversores institucionales, de manera que parece improbable un gran rebote del precio en breve.…