Month: March 2022

Bitcoin a ‘nice buy’ at $47K despite macro dangers as key trendline nears โ€” Research

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Bitcoin (BTC) is attempting to reclaim a key long-term moving average, but the time to buy is before, not after, one metric hints. In a series of tweets on March 29, on-chain monitoring resource Ecoinometrics eyed a classic entry for BTC/USD as flagged by the Mayer Multiple. Mayer Multiple nears pivot Bitcoin price strength has endured as the week gets underway, the largest cryptocurrency putting in its highest levels of 2022 overnight. Some key moving averages have also fallen to bulls, and while the trend is not yet definitive, optimism…

Why Bitcoin Could See A 2020 Like Rally

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After a rough couple of months, this week started with a strong upward movement from Bitcoin as the coin broke out above the $45,000 level on Monday to $48,215 before fluctuation, thus erasing yearly losses and anticipating a $50,000 target. Despite the decline over the year, a large amount of the coin was never sold. A scenario that shows how holders strongly believe in the long-term game and remain surprisingly calm over a period of turmoil. Building Up To A Rally Senior Analyst Dylan LeClair noted that, as Bitcoin is…

DMG Blockchain Solutions Quarterly Revenue Leaps $14.2m, up 639% Year-over-Year

Blockchain and cryptocurrency company DMG Blockchain Solutions announcedย a record revenue of $14.2 million in the first quarter of 2022, up 639% year over year. The company said thanks to the delivery and installation of ordered crypto miners, the companyโ€™s hash rateย has been increased to over 400PH/s as of December 31, 2021, resulting in a leap in revenue increase.ย  Compared to the first quarter of last year, gross margin and net income were $11.5 million and $5.9 million, an increase of 2,000% and 826%, respectively. The financial report stated that as…

Pro Trader-Focused NFT Marketplace Blur Secures $11 Million in Seed Round Led by Paradigm โ€“ Bitcoin News

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On March 28, the non-fungible token (NFT) marketplace Blur announced the company has raised $11 million in a seed round led by Paradigm. The NFT marketplace Blur says the startup is focused on building an institutional-grade NFT market thatโ€™s made โ€œfor pro traders.โ€ Blur Raises $11 Million to Craft the Startupโ€™s Institutional-Grade Products The NFT marketplace Blur announced the firm has raised $11 million in a seed funding round led by Paradigm. According to Blur, the round also saw participation from Egirl Capital, Keyboard Monkey, Ledgerstatus, 0xmaki, Santiago Santos, Zeneca,…

Greenpeace, Ripple co-founder campaigning to change Bitcoin code

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Greenpeace, along with other climate groups, and co-founder and executive chairman of Ripple, Chris Larsen, has launched a new campaign aimed at changing Bitcoin (BTC) to a more environmentally friendly consensus model. The โ€œChange the code, not the climateโ€ campaign aims to pressure key industry leaders, Bitcoin miners, and influencers like Elon Musk, and Jack Dorsey, into moving over to a new consensus model saying: โ€œIf only 30 people โ€” the key miners, exchanges, and core developers who build and contribute to Bitcoinโ€™s code โ€” agreed to reinvent proof-of-work mining…

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Canadian PM candidate supports freedom to use Bitcoin as money

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The Canadian Conservative Party candidate for Prime Minister, Pierre Poilievre, has come out in support of allowing Canadians to use Bitcoin (BTC) as legal money in the country. The YouTube channel BITCOIN posted a video on March 29 of Poilievre saying that the people of Canada need โ€œmore financial freedomโ€ before a crowd of about 100 at a local restaurant. He added, โ€œThat includes freedom to own and use crypto, tokens, smart contracts, and decentralized finance.โ€ โ€œPeople should have the freedom to choose other money. If the government is going…

Ethereum Approaches Next Breakout, Why ETH Might Surge Further

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Ethereum is gaining pace above the $3,350 resistance against the US Dollar. ETH price could continue to rise and might even clear the $3,500 level. Ethereum is rising steadily and trading above the $3,350 resistance. The price is now trading above $3,350 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $3,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,400 and $3,420 resistance levels. Ethereum Price Targets $3,500 Ethereum…