Month: February 2022

Avalanche correction risk rises after AVAX price soars 80% from January lows

boss

Avalanche (AVAX) recovery extended into its third week, primarily in the wake of similar upside retracement across the top crypto assets. On Thursday, AVAX’s price rallied by nearly 16% to reach $96.50, its best level since Jan. 14, 2022. The massive intraday move came as a part of a recovery that started Jan. 22, after the Avalanche token bottomed out near $53. As a result, AVAX’s net rebound came out to be more than 80%. AVAX/USD daily price chart. Source: TradingView Network growth offsets macroeconomic scare Crypto markets have been…

Trader builds Bitcoin ‘buy the dip’ bot, outperforms DCA

boss

While a bullish backdrop emerges in February, spare a thought for the traders trying to time the market. One savvy trader by the name of u/Samjhill on Reddit has built a trading tool that outperforms dollar-cost averaging (DCA) for buying Bitcoin (BTC).  DCA is the strategy in which investors buy a small amount regularly regardless of price fluctuations. It works in contrast to traders keen to get the lowest entry, timing the dip to perfection and avoiding “catching a falling knife.” The aptly named “Buy the Dip Bot” aims to “get…

DID THE FED JUST KILL BITCOIN?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Today I am going to talk about what spooked the Bitcoin and Stock market from the Fed minutes. Did Jerome Powel and Fed kill Bitcoin? ➡️Buy Bitcoin & Crypto with IRA/401k ($100 Bonus) 💰Earn 9.5% APY + $250 Bonus w/ Deposits ✅Buy and Trade 100+ Crypto on Bybit ($3000 Bonus) 💳Blockfi Bitcoin Reward Credit Card: ➡️Get Help with Crypto Taxes with CoinTracking: ✅Buy and Trade 300+ Crypto on Kucoin ($500 Bonus): ✅Buy and Trade 300+ Crypto on Gate.io ($50 Bonus): ✅Buy Bitcoin…

Polygon stablecoin QiDAO exploited for $13M on Superfluid vested contract

boss

Polygon’s native stablecoin protocol QiDAO faced an exploit on its Superfluid vesting contract leading to a 65% drop in the price of the governance token QI. QI price fell from $1.24 to $0.18. QiDAO took to Twitter on Tuesday to acknowledge the exploit on the Superfluid vesting contract but assured that users’ funds are safe and no funds from QiDAO have been affected. Superfluid also confirmed the exploit on QiDAO and said they are investigating the situation and will update accordingly. The protocol enables users to move assets on-chain in a…

in a conversation with Phemex founder

Founded in 2019 in Singapore, Phemex has been operating as a crypto derivatives exchange. The platform rose to the “top 10 global exchanges in less than two years, with a daily peak trading volume of more than $12 billion.” Cointelegraph talked to Jack Tao, founder and CEO of Phemex, about the difficulties and risks of running a crypto exchange and where he plans to take Phemex next. Tell us about the story behind the exchange and what it was like to launch a trading platform during the crypto winter? The…

Here are the biggest spenders

Cryptocurrency advocates in the United States have been increasingly putting efforts to support the industry, with crypto lobbying spending growing significantly in recent years. Crypto-related lobbying expenditure in the U.S. totaled at $4.9 million in 2021, more than doubling from $2.3 million in the previous year, according to a new study by the crypto analytics startup Cryptohead.io. The study is based on lobbying tracking data obtained from research and government transparency group Open Secrets. According to Cryptohead’s findings, the total lobbying expenditure over the past five years amounted to more…

Bitcoin Lightning Network goes live on Cash App

boss

Mobile payment service Cash App revealed that Lightning Network can now be used to transfer Bitcoin (BTC) through its app. With the new feature, its users can send their BTC to any Lightning or on-chain BTC address. Lightning Network is now available on Cash App. It’s the fastest, free way to pay anyone in bitcoin. Buy tacos, tip your favorite Twitter comedian, or send a friend money abroad—anywhere that accepts lightning. pic.twitter.com/65TXSJ6yL6 — Cash App (@CashApp) February 7, 2022 A few weeks ago, the company announced through a notification within…

CAUTION: I AM VERY SCARED OF BITCOIN RIGHT NOW!!!!!!!!!!! BTC Price Prediction Analysis

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This Bitcoin and Cryptocurrency trading analysis applies to various exchanges, including Bybit and Binance. Tackling questions like if Bitcoin can reach all time highs again or how low BTC will crash. Things like the lightning network have provided huge improvements for BTC and while it is true that others like Roger Ver with Bitcoin Cash (bcash) may disagree, I do see these blockchain technology innovations to be very bullish fundamental signs for the space. ⚡️𝗢𝗙𝗙𝗜𝗖𝗜𝗔𝗟 𝗙𝗢𝗥𝗙𝗟𝗜𝗘𝗦 𝗖𝗛𝗔𝗡𝗡𝗘𝗟𝗦 (𝗧𝗘𝗟𝗘𝗚𝗥𝗔𝗠/𝗪𝗘𝗕𝗦𝗜𝗧𝗘)⚡️ 🚀 Forflies GOLD: 🚀…

Colombia Registers First Real Estate Purchase With Bitcoin – Emerging Markets Bitcoin News

boss

The first real estate purchase with Bitcoin has been registered in Colombia last week. The company, called La Haus, sold one property in Santa Marta to a buyer that was not in Colombia at the time of the purchase. While Colombia is just starting to consider bitcoin for real estate payments, in neighboring countries like Venezuela, it is becoming more common to use crypto for such transactions. Colombia Debuts Real Estate Purchases With Crypto The real estate sector in Colombia has reached a milestone when it comes to…