Cryptocurrencies were initially in the red to start the week, despite several crypto firms securing lucrative Super Bowl ad slots. Over 100 million viewers watched the “crypto bowl” advertisements, however bitcoin prices started lower on Monday. Bitcoin BTC/USD is lower for a fifth consecutive session to start the week, as markets gave up all of last week’s gains. BTC/USD fell to an intraday low of $41,681.96 on Monday, following a peak of $42,693.05 during Sunday’s session. The recent decline in prices has pushed BTC closer to support of $40,800, a…
Month: February 2022
Crypto innovators of color restricted by the rules aimed to protect them – Cointelegraph Magazine
Historically, Black and Brown communities have had restricted access to opportunities for generational-wealth building. Crypto offers a chance to redress that balance… but an opaque mess of laws and regulations around crypto services and a prohibition on certain wealth-generation opportunities are standing in the way of that happening. Controversial language in the United States’ recently enacted infrastructure bill may have unintentionally contributed to that cycle. The document contains broad tax-reporting language directed at “brokers.” The ambiguity of the term means it could apply to those who have nothing to do…
Bitcoin bull trap? 3 indicators that predict BTC price falling to $24K–27K this year
Bitcoin (BTC) looks ready to fall below $30,000 in the coming months, per a confluence of historically accurate technical indicators brought forth by popular analyst Ari Rudd. The independent market analyst published a thread on Feb. 14, explaining why Bitcoin’s ongoing price recovery — from below $33,000 on Jan. 24 to around $42,000 on Feb. 14 — might not have strong legs. In doing so, Rudd presented at least three long-term technical setups with extremely bearish outlooks. They are listed as follows: 1. Bitcoin LFG model Rudd’s Logarithmic Fractal Growth…
Singapore State Investment Fund Temasek Eliminates Position in Coinbase
The investment giant previously held about 8,168 shares in the U.S.-listed crypto exchange. Source
DARMA Capital Unveils CFTC-Regulated Filecoin Swap Product
Filecoin storage providers, who hold files for the network and retrieve them when necessary, provide their spare hardware and meet electricity costs, but also have to acquire filecoin (FIL currently trades around $20 a token), an additional cost that presents an obstacle to many, according to DARMA Managing Partner Andrew Keys. Source
Opera browser to enable emoji-based web addresses
Opera announced a partnership with Yat, a platform that allows the creation of emoji-based web addresses (URL), for integrating the emoji system in Opera’s browsers across all operating systems. Celebrating the announcement, the duo launched an event to distribute seven nonfungible tokens (NFTs) from legendary NFT artist Fvckrender valued at a floor price of 2.89 Ether (ETH). Tech startup Yat’s NFT project allows internet users to own personalized strings of emojis and use them as universal digital identifiers and wallet addresses. Recently, Opera released the beta version of its new Crypto Browser Project. …
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Spain’s blockchain sector in 2021
In Spain, companies across various industries — not just digital finance — have begun to apply blockchain technology to their operations. This disruptive technology has promoted pioneering projects in the country that are expected to add 20 billion euros to Spanish gross domestic product by 2030. As expectations around this technology increased in Spain throughout 2021, so did investment, hype and concerns regarding the stability and regulation of digital assets. Here, we will take a look at some of the most notable developments in the Spanish cryptocurrency and blockchain ecosystems…
Crypto Project Older than Crypto Starts a ‘10 Days Growth’ Sprint
Spellfire has packed 30 years of history into an amazing experience and combined it with the latest trends of tomorrow. Defining the future of NFTs and adding new standards to collectible card games has become the core aims of game developers. St. Valentine’s day has marked an important date in the game’s development. “Massive news for 10 days in a row starting now – celebrities, MV integrations, leaks – be the first to know!” has appeared in their social media channels and made all their fans keep a close eye…
Axie Infinity’s SLP Rallies 40% in 24 Hours After Season 20 Update
CryptoX – Cryptocurrency Analysis and News Portal The reduction in the issuance of the smooth love potion (SLP) tokens follows recent complaints about the token’s rapidly inflating supply and a 99% plunge in the price over a seven-month period. Source The post Axie Infinity’s SLP Rallies 40% in 24 Hours After Season 20 Update appeared first on CryptoX. CryptoX Portal