Month: January 2022

Analysts expect turbulent Bitcoin price until $46,500 flips to support

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Market volatility reared its ugly head once again for crypto traders on Jan. 13 as the excitement of Bitcoin (BTC) hitting its highest level in a week was quickly thwarted by a correction that thrust the cryptocurrency back into the mid-$45,000 range.  Data from Cointelegraph Markets Pro and TradingView shows that after reaching an intraday high of $44,500, bears took control of the Bitcoin market and hammered the price to a low of $42,315 while the wider global financial markets also experienced a noticeable sell-off. BTC/USDT 1-day chart. Source: TradingView Here…

FDIC Still Unclear if USDF Stablecoin Is FDIC-Insurable

The consortium has been in dialogue with several regulatory bodies, including the Office of the Comptroller of the Currency, the Federal Reserve, and the FDIC, since before the announcement, Wade Perry, chief administration officer at FirstBank said on CoinDesk TV. However, he did not respond to a question about the insurability of UDSF, either. Source

Iota selected for Phase 2A of EU blockchain initiative

On Thursday, the Iota Foundation, which oversees developments in the namesake Internet-of-Things transactions blockchain (IOTA), announced that it had been selected as one of five contractors by the European Commission to develop blockchain and distributed ledger technology in the region. According to the announcement, phase 2A aims to advance European Blockchain Services Infrastructure, or EBSI, in five areas: It will investigate the feasibility of sharding as to exponentially scale the Iota network on EBSI. Develop an approval weight consensus mechanism that will be highly flexible and allow both permissionless and…

Gensokishi Online Partners With Crypto Exchange Bybit for Launchpool and Listing – Press release Bitcoin News

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press release PRESS RELEASE. Taipei: Metaverse (MV), a token of the GensoKishi Online Project , has partnered with Bybit, a leading crypto exchange that provides Crypto currency-related services globally, and announced its listing. Bybit is one of the world’s largest cryptocurrency exchanges, trusted by traders around the world. Metaverse (MV) to be on launch pool and listing on Bybit As a result of this partnership, Metaverse (MV) will be launched and listed on Bybit. Launch pool starts: January 19: Bybit Listing on Bybit: January 27 Launch Pool is a service…

There’s a Reason Bitcoin’s Worth 500 Barrels of Oil: Bloomberg’s McGlone

CryptoX – Cryptocurrency Analysis and News Portal “Copper may be a good example of the low potential for a commodity supercycle, notably versus an advancing bitcoin,” McGlone wrote. “It’s not that profound to expect one of the best-performing assets of the past decade to keep outpacing the old-guard industrial metal, and we see bitcoin’s upper hand gaining endurance, and maturity, versus copper.” Original Source The post There’s a Reason Bitcoin’s Worth 500 Barrels of Oil: Bloomberg’s McGlone appeared first on CryptoX. CryptoX Portal

ConsenSys Sues Former Investment Head, Alleging Resume Fraud

In the suit, ConsenSys said that it allowed Gupta to resign instead of firing her and “offered to allow Gupta to keep the compensation paid and accrued during her short tenure,” but that Gupta had rejected the offer – instead demanding that ConsenSys “pay her millions of dollars” to buy out a “purported equity interest” in the firm. Source

TokenBot helps crypto traders build social communities and monetize market knowledge

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There are many advantages to automating one’s trading tactics instead of pointing and clicking with a mouse. For starters, bots can execute trading decisions free of emotion, are lighting fast, and have far fewer margins of error. According to CNBC estimates, crypto trading bots account for 70% to 80% of the overall trading volume. TokenBot is an automated copy-trading platform designed for social trading groups and communities within messaging apps such as Discord, Telegram, and Slack. Once added to a social media group, TokenBot monitors the admin’s account on an…

Cryptocurrencies Pullback as Traders Remain Cautious

“When funding rates are positive (green), traders are paying a premium for a counterparty to take the short side of the trade. When funding rates are negative (red), traders are paying a counterparty a premium to take the long side of the trade,” Sean Farrell, head of digital asset strategy at FundStrat, wrote in a report. Source