Month: May 2022

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…

Square Enix to sell Tomb Raider franchise and invest in new initiatives such as blockchain

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In a statement published on Monday, Japanese video game publisher Square Enix announced that it would be divesting its popular Tomb Raider franchise for $300 million and investing the proceeds into blockchain, artificial intelligence (AI) and cloud computing technologies.  The principal developer of Tomb Raider is Square Enix’s subsidiary Crystal Dynamics, which generated $92 million in revenue in its fiscal year ending March 2021. Aside from Tomb Raider, Crystal Dynamics and Eidos Interactive, another subsidiary to be divested, hold intellectual properties for titles such as Deus Ex, Thief and Legacy of Kain. …

MAJOR BITCOIN MOVE ABOUT TO HAPPEN!!! THIS CHART CONFIRMS IT!!! – Bitcoin Analysis

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In Defense of Ethereum’s Fees

Ethereum solves this problem with a fairly straightforward fee market – users bid against each other for block space. When you set your desired fee ranges in MetaMask, you’re setting your fee bid range, with lower bids usually having to wait longer to win a slot and be validated. This pure market means that fees can range very high indeed when traffic peaks, and Yuga’s kerfuffle on Sunday, with fees briefly brushing $24, doesn’t even take the cake. As recently as late winter of 2021, Ethereum fees were nearly $10…

Cryptovoxels Is Rebranding to Voxels – Press release Bitcoin News

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press release PRESS RELEASE. Cryptovoxels, one of the most significant players in the metaverse space, is rebranding to Voxels. The rebrand will happen on May 3rd at 8pm EDT (May 4th at noon New Zealand time). One of Web 3’s most popular communities, Cryptovoxels is a metaverse on the Ethereum blockchain where players can own land, and build and develop online experiences. The user-owned virtual world already hosts a number of art galleries, stores, and party spaces. Far from a mere name change, the rebranding to Voxels represents a pivot…

ADA On Discount? Cardano Whales Go On $200M Shopping Spree

Cardano (ADA) has been on a steady downtrend since September of 2021 after hitting its all-time high of $3.1. This has been one of the most brutal downtrends for its investors, the majority of which are now drowning in losses. However, as they say, that one man’s misfortune is another man’s come up, whales have seen this as a perfect opportunity to buy up as much ADA as they can.  They have now ramped up their buying and have accumulated about $200 million worth of ADA in the space of…

Algorand Bags Fifa.com Deal To Become Official Blockchain Partner

Decentralized finance (DeFi) platform Algorand has been announced as the official blockchain partner of Fifa.com. It now joins the long list of sports partnerships that have been rocking the crypto space for a while now. It puts Algorand at the forefront of the largest football association in the world, not only promoting the token to hundreds of millions of fans worldwide but to the crypto market as well. Fifa.com Welcomes Algorand Like any sports association, Fifa.com is a well-sought after partner when it comes to brands that want to reach…