Day: April 20, 2022

DeFi token AAVE eyes 40% rally in May but ‘bull trap’ risks remain

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A sharp rebound move witnessed in the Aave (AAVE) market in the last three days has raised its potential to rise further in May, a technical indicator suggests. AAVE price rebounds from key support Dubbed a “rising wedge,” the pattern appears when the price rises inside a range defined by two ascending, contracting trendlines. It typically resolves after the price breaks below the lower trendline with convincingly rising volumes. AAVE has been painting a similar ascending channel since early February 2022. The AAVE/USD pair has bounced in the past few days after…

The CEO Of Ripple Says Bitcoin Tribalism Is Holding Back The Crypto Industry

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As one of the most influential people in the crypto space, the CEO of Ripple says he owns Bitcoin and other cryptocurrencies. But to him, only promoting Bitcoin will stop industry growth. As a result, the crypto industry could potentially lose millions for miners with less incentive than before if nothing changes soon. At the CNBC event, Brad Garlinghouse, CEO and founder of Ripple, recently said that the tribalism around Bitcoin and other digital currencies has been holding back the industry’s growth. Related Reading | Could Netflix Tumble Down The…

BTC and ETH will break all-time highs in 2022 — Celsius CEO

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During the recent Paris Blockchain Week Summit, Cointelegraph’s Joseph Hall sat down with Alex Mashinsky, CEO of Celsius Network, to talk about several topics, including where the Bitcoin and Ether markets are going.  According to Mashinsky, Bitcoin (BTC) received very strong support at around $30,000 to $33,000. The entrepreneur believes that Terra’s recent BTC purchase played a significant role in supporting BTC’s price, along with other institutions entering the market. He also mentioned that if retail investors join in, it may lead BTC to new highs. “I definitely think that the demand is…

APE up Almost 30%, ZIL and AAVE Among Wednesday’s Big Gainers – Market Updates Bitcoin News

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APE was up close to 30% on Wednesday, as the recently listed token climbed to its highest point since it began trading on March 17. AAVE also saw a double-digit percentage increase today, whilst ZIL extended recent gains. AAVE AAVE was up by nearly 10% in today’s session, as prices rallied for a third consecutive session, following losses last week. Tuesday saw AAVE/USD hit a low of $175.69, however today, prices surged to an intraday peak of $198.02. This move saw AAVE climb to its highest point in two weeks,…

Bitcoin 2022 Conference – Industry Day – Mining Stage

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin 2022 Conference – Industry Day – Mining Stage This content is supported by Bitdeer Group. The World’s Leading Crypto Mining Platform – 0:00:00 – Mining Strategies 0:50:32 – PCs To Asics: The Evolution of Bitcoin Mining 2:21:49 – Whatsminer Announcement 2:49:43 – State of the ASIC Market 3:32:01 – Financialization of Bitcoin Mining 4:16:57 – Public Policy & Bitcoin Mining 4:47:01 – (Mining) Pool Boys ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Sanctioned Russia, Iran May Turn to Crypto Mining to Monetize Energy, IMF Says – Mining Bitcoin News

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Nations like Russia and Iran may utilize cryptocurrency mining to monetize their energy resources and circumvent sanctions, the International Monetary Fund predicts in a report. Repercussions of the war in Ukraine continue to reverberate globally and cryptoization is one of the effects, the IMF says. War, Sanctions Lead to Wider Spread of Crypto Assets, Report Indicates The consequences of the ongoing military conflict in Ukraine will test the resiliency of the global financial system, may affect the role of the U.S. dollar, and lead to the establishment of blocs of…

The metaverse puts the digital asset interoperability challenge on steroids

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In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of the 21st century. In the year 2022, we no longer need to ponder how many stars there are in the sky — Yale astronomer Dorrit Hoffleit has already established that humans can see about 9,096 from Earth with the naked eye. Now that we are past that, we might as well start pondering how many metaverses there are…