Day: March 15, 2022

Bitcoin fails to crack $39K on Wall Street open as markets await Fed inflation decision

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Bitcoin (BTC) began to show fresh volatility as Wall Street trading began on March 15, ahead of a crucial interest rate announcement from the United States Federal Reserve. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Crunch time for the Fed on inflation Data from Cointelegraph Markets Pro and TradingView highlighted a roughly $500 fall for BTC/USD after failing to reclaim $39,000 on the day. An overnight push towards $40,000 had ended in disappointment for bulls, setting the scene for lackluster performance into the Fed decision. With inflation running wild, analysts believed…

Nansen’s indexes reveal insightful trends in the NFT space

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The research branch of Nansen, a popular blockchain data firm, has published a meticulous twelve-page report quantifying the performance of Ethereum-based nonfungible tokens, or NFTs, since the turn of the year, unveiling a number of compelling indications as to the economic and cultural future of the ecosystem. Citing the profound impact of traditional financial indexes such as the Dow Jones Industrial Average, th S&P 500 and the Nasdaq Composite, the report contemplates the vast potential for comparable models focusing on NFTs, arguing that both education and adoption could be significantly…

Bitter reminder for crypto users to stay vigilant

An unfortunate Bitcoin (BTC) user was duped out of 0.255 BTC, almost $10,000, due to malware running on their computer.  Louis Nel, a tech blogger and crypto enthusiast, flagged the issue on Twitter, referring to his friend as ‘C.’ A friend sent 0.255BTC from his bitcoin wallet to an exchange. He copied and pasted the wallet address on his computer. After 4 hours he was worried when the funds did not arrive at the exchange… — Louis Nel (@LouisNel) March 14, 2022 Nel told Cointelegraph that C’s “Bitcoin was sent…

NCA wants regulation for coin mixers, but the crypto industry is already one step ahead

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The United Kingdom’s National Crime Agency (NCA) seeks to regulate the crypto coin mixers under the country’s laws against money laundering. Coin mixing tools are popular in the decentralized world as they maintain the privacy of transactions. These tools often mix several transactions to obscure the origin of a particular transaction. Then the recipient receives the transactions from a mixing “black box” comprised of hundreds of transactions from various wallets. While privacy-focused, these tools often face regulators’ ire as they are also a known way for hackers and criminals to…

Bitcoin’s Implied Volatility Ticks Higher; S&P 500 Sees Death Cross

CryptoX – Cryptocurrency Analysis and News Portal The annualized one-month implied volatility, investors’ expectations for price turbulence over the next four weeks, has increased from 68% to 77% this month, according to data provided by Skew. The three- and six-month gauges have gone up from roughly 67% to 74%. Source The post Bitcoin’s Implied Volatility Ticks Higher; S&P 500 Sees Death Cross appeared first on CryptoX. CryptoX Portal

THORChain quietly outperforms crypto market in Q1 — Can RUNE price break $10 next?

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THORChain (RUNE) could continue its upward momentum in the coming weeks even as it treads inside a classic bearish reversal structure. RUNE’s price has rebounded strongly by over 165% four weeks after testing its multi-month horizontal level support near $3.15. What’s more, its upside retracement has opened up possibilities about an extended bull run toward $11.50, about 45% above the current price level near $7.89, as shown in the chart below. RUNE/USD weekly price chart featuring descending triangle setup. Source: TradingView The $11.50-level coincides with RUNE’s multi-month falling trendline resistance,…