Month: May 2022

Ethereum Tumbles To $2.2K, Can The Bears Push ETH To $2K

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Ethereum extended losses below the $2,500 level against the US Dollar. ETH even tested the $2,200 support and remains at a risk of more losses. Ethereum remained in a bearish zone and declined below $2,300. The price is now trading below $2,400 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $2,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct higher, but the bears might remain active near $2,400. Ethereum Price Dives 10% Ethereum remained…

Bitcoin network transactions and fees surge amid investor de-risking

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The number of transactions on the Bitcoin network has spiked over the past week, which blockchain analysis firm Glassnode suggests are โ€˜urgentโ€™ transactions due to investors de-risking. A sudden influx of 42,800 transactions hit the mempool on Bitcoin (BTC) last week. Glassnodeโ€™s chief analyst says these were likely “urgent” transactions due to the high amount of fees paid per transaction. The average fee rose to $2.72 last week, about 15% higher than the typical average according to bitinfocharts, an on-chain data tracker. The findings were reported in the Glassnode โ€œWeek…

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9 out of 10 Central Banks Worldwide Are Exploring Digital Currencies โ€” Driven by Crypto Market โ€“ Featured Bitcoin News

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Nine out of 10 central banks globally are exploring central bank digital currencies (CBDCs), according to the latest survey by the Bank of International Settlements (BIS). Furthermore, โ€œthe emergence of stablecoins and other cryptocurrencies have accelerated the work on CBDCs.โ€ BIS Central Bank Digital Currency Survey The Bank of International Settlements (BIS) published a report last week titled โ€œGaining momentum โ€” Results of the 2021 BIS survey on central bank digital currencies.โ€ The report is authored by the bankโ€™s senior economist Anneke Kosse and financial market analyst Ilaria Mattei. The…

More than a third of AMC online payments are crypto or digital: CEO

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AMC Theatres CEO Adam Aron stated that crypto along with several other digital payment methods recently accounted for 35% of its online payments. The popular cinema chain has gradually been working on various crypto adoption plays after first rolling out online payment support for Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) in November. Last month it also added support for Dogecoin (DOGE) and Shiba Inu (SHIB) payments via the AMC Theatres mobile app. Speaking as part of the firmโ€™s 2022 Q1 earnings call on May 9, Aron…

Biggest Dollar Holding Among Wealthiest Ethereum Whales

Shiba Inu (SHIB) currently has the largest dollar holding compared to the rest of 100 ETH whales. In fact, CoinMarketCap has SHIB on their top 20 coins in the market cap category. Although SHIB seems to be gaining traction, this was quite the opposite a few days ago. Shiba Inu has suffered a major dip at only 216,260 transactions even though it has been listed by (HOOD) or Robinhood Markets Inc. The total burn rate so far is at 31.71% or coming from the initial burned supply of 410,339,763,887,291 from…