CryptoX – Cryptocurrency Analysis and News Portal The platform underwent maintenance after trading was halted. Source The post Bitfinex Exchange Back Online After ‘Issues’ Cause 2-Hour Outage appeared first on CryptoX. CryptoX Portal
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Bitcoin climbed back above $40,000 last night, as it formed a bullish divergence on the 4-hour time frame, whilst exiting the oversold region. This is a bullish set up and has a high percentage outcome of leading to a significant bounce. In addition, Bitcoin closed the day yesterday inside the channel that has lasted around 100 days, after trading below for some time. This is another bullish indicator as the wick formed shows buyers stepping in, causing a ‘fake-out’ of the pivotal channel. In terms of bullish technical analysis, the…
The masses are bearish on Bitcoin. The market is convinced that prices below $30,000 will be revisited given the continued weakness in the top cryptocurrency by market cap. All eyes are on the massive “bear flag,” but could it instead be a bear trap? Bitcoin price continues to grind along a decade long parabolic trend line that in the past has put in several mid- to long-term bottoms. Here is a closer look at a currently unbroken trend line that BTCUSD must hold for continued parabolic momentum and what it…
Following recent losses, BTC rallied on Tuesday, as bulls appeared to have returned to cryptocurrency markets. In addition to bitcoin, ETH also moved away from yesterday’s low below $2,900, with price now hovering close to $3,100. Bitcoin After several days of bearish pressure, cryptocurrency prices finally rallied on Tuesday, with BTC climbing back above $41,000. The world’s largest cryptocurrency was up by as much as 5% earlier in today’s session, rising to an intraday high of $41,146.89 in the process. Tuesday’s price surge comes following a bottom of $39,123.16 on…
The digital asset miner will buy out all hosted rigs at its Medicine Hat mining facility in Alberta. Source
Game of Silks (Silks), the first-of-its-kind derivative play-to-earn (P2E) metaverse featuring derivative NFTs, has successfully secured $2 million in funding. This fresh capital injection comes just weeks ahead of the Kentucky Derby and the upcoming launch of Silk’s first NFT collection. Tropical Racing Inc., a premier thoroughbred horse breeding and racing company, is among the many companies offering strategic and financial support to the Silks project. Troy Levy, the CEO of Tropical Racing Inc. and the co-founder of Game of Silks, explains, “The transaction announced today with Game of Silks…
Game of Silks, the first-ever play-to-earn (P2E) metaverse featuring derivative NFTs (non-fungible tokens), has announced the successful completion of its fundraising campaign. According to the official statement, the team behind this highly anticipated blockchain game has raised $2 million, which will accelerate the development of its metaverse that reflects a virtual replica of the real-world thoroughbred horse racing industry. Tropical Racing Inc., a multi-faceted thoroughbred horse breeding and racing company led by Game of Silks co-founder Troy Levy, is among the companies supporting the Game of Silks project both financially…
“You have this market neutral exposure, so you can ‘set and forget’ your position. You don’t need to worry about ‘Oh, the price is constantly changing.’ It’s not really reflecting the price too much,” Delta One co-founder Paul Sengh told CoinDesk in an interview. Source
The Delta One protocol offers users an automated, low-risk way to earn yield by investing in baskets or vaults of crypto options, a type of derivative that gives the purchaser the right to buy or sell an underlying asset at a set price on a set date. Options trading has long been popular in traditional finance, but the cryptocurrency-backed version has only recently started moving beyond institutions to retail investors, partly due to the complexity. Source