Day: May 3, 2022

Bitcoin Taker Buy-Sell Ratio Rebounds Back Into “Hold” Zone

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On-chain data shows the Bitcoin taker buy-sell ratio has rebounded back into the “hold” zone after touching the selling level. Bitcoin Taker Buy-Sell Ratio Observes Brief Uplift Recently As explained by an analyst in a CryptoQuant post, taker buy-sell ratio may have a hint about where BTC can head next. The “taker buy-sell ratio” is an indicator that measures the ratio between the Bitcoin buy volume and the sell volume. When the value of this metric is above one, it means the long volume is more than the sell volume…

Record-high surge in Ethereum Name Service domains triggers 90% rally in ENS

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A handful of industries and tech workers are shifting from Web2 to Web3 and with this move, awareness of blockchain technology is also spreading. Ethereum Name Service (ENS) is one project that is looking to help facilitate Web3 adoption by making it easier for Dapp users to interact with the Ethereum network. This is accomplished through the creation of human-readable Ethereum addresses that can be converted into the normal machine-readable alphanumeric codes. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $14 on April 26,…

Banco Galicia Becomes First Bank to Introduce Crypto Trading in Argentina – Bitcoin News

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Banco Galicia, one of the largest financial institutions in Argentina, has introduced cryptocurrency trading as part of the services it is currently offering to customers. Users interested in investing in cryptocurrency are already able to purchase four different crypto assets directly from the home banking app of the financial institution, making it reportedly the first bank to offer this possibility to Argentinian customers. Banco Galicia Pioneers Crypto Trading for Banks in Argentina Banco Galicia, one of the biggest private banks in Argentina, has decided to complement its investment…

Nym Technologies raises $300M to advance internet privacy, sending token price up

Swiss privacy startup Nym Technologies announced it has secured $300 million in commitments from venture capital partners in support of the NYM Innovation Fund. Nym intends to issue grants to developers and incentivize them to build on top of Nym’s decentralized infrastructure. This funding comes a couple of weeks after its native token NYM launched on major crypto exchanges, including OKX and Huobi.  At the time of publication, the NYM token traded at an average price of $0.92, and its 24-hour trading volume has witnessed a spike since the fund’s announcement.…

$3.6 BILLION BITCOIN HACKED (explained)!! Bitcoin News Today & Bitcoin Price Prediction after Crash

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io $3.6 BILLION BITCOIN HACKED (explained)!! Bitcoin News Today & Bitcoin Price Prediction after Crash Welcome back to the Crypto World! In this video I reveal my next Bitcoin Price Targets and my Bitcoin Strategy (Bitcoin Trading for Beginners)! Is Bitcoin the best crypto to buy now? Comment below! And leave a LIKE and SUBSCRIBE for more videos like this! 🚨NEW: My Complete Technical Analysis Course 👉 👈 ► I trade on Bybit 👉 👈 (NEW $4,100 BONUS)* 🔥 Register with my link…

Bitcoin Gives Bullish Clues, Will The FED Meeting Get In The Way?

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Bitcoin is still stuck in the $38,000 area with sideways movement during the past week. The first crypto by market cap has displayed resilience as traditional finances take a bearish turn. Related Reading | Bitcoin Holders Trigger Largest Capitulation In Its History, Bearish Horizon For BTC? At the time of writing, Bitcoin (BTC) trades at $38,400 with 1.1% losses in the last 24-hours. BTC moving sideways on the 4-hour chart. Source: BTCUSD Tradingview Tomorrow, the U.S. Federal Reserve (FED) branch Federal Open Market Committee (FOMC) will hold a meeting. Market participants…

Belgium Introduces Registration for Crypto Exchange and Wallet Service Providers – Regulation Bitcoin News

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Authorities in Belgium have obliged providers of some crypto exchange and wallet services to register with the country’s financial watchdog. Targeted platforms that fail to comply with the new regulations will face fines, among other penalties, including prohibition to carry out their respective activities. Financial Regulator Imposes Mandatory Registration for Crypto Exchange Service Providers in Belgium Starting from May 1, 2022, any legal entities established and operating in Belgium that want to provide exchange services between “virtual currencies and legal currencies” are required to register with the Financial Services and…

3 reasons why Bitcoin price is clinging to $38,000

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Bitcoin (BTC) has been unable to break from the 26-day-long descending channel. Investors are uncomfortable holding volatile assets after the United States Federal Reserve pledged to reduce its $9 trillion balance sheet. While inflation has been surging worldwide, the first signs of an economic downturn showed as the United Kingdom’s retail sales fell 1.4% in March. Moreover, Japan’s industrial production dropped 1.7% in March. Lastly, the U.S. gross domestic product fell 1.4% in the first quarter of 2022. Bitcoin/USD price at FTX. Source: TradingView This bearish macroeconomic scenario can partially…