Day: July 7, 2022

Bitcoin Miners Have Been Dumping, But Price Has Held So Far

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On-chain data shows Bitcoin miners have been dumping during the past couple of weeks, but the price of the crypto has held up so far. Bitcoin Miner Reserve Has Lost 10k BTC In Last Two Weeks As Miners Sell As pointed out by an analyst in a CryptoQuant post, while miners have been selling in recent days, the value of BTC has refused to budge. The “miner reserve” is an indicator that measures the total amount of Bitcoin currently present in the wallets of all miners. When the value of…

Galaxy Digital Hires Credit Suisse Veteran as Global Head of Distribution

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CryptoX employees, including editorial employees, may receive exposure to DCG equity…

Bitcoin traders expect a ‘generational bottom,’ but BTC derivatives data disagrees

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A descending triangle pattern has been pressuring Bitcoin (BTC) for the past three weeks and while some traders cite this as a bullish reversal pattern, the $19,000 support remains a crucial level to determine the bulls’ fate.  BTC-USD 12-hour price. Source: TradingView Despite the apparent lack of a clear price bottom, Bitcoin derivatives metrics have significantly improved since June 30 and positive news from global asset manager VanEck may have eased traders’ sentiment. On July 5, two retirement funds in the U.S. state of Virginia announced a $35 million commitment…

ETHEREUM MASSIVE PUMP TODAY !! ETH ETHEREUM PRICE PREDICTION

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ✅ Thanks for watching: ETHEREUM MASSIVE PUMP TODAY !! ETH ETHEREUM PRICE PREDICTION 🔥 Click here to Subscribe: 💻 Contact Us For Business Inquiries, Collaborations or Promotions Synopsis:Ethereum price is still set to rebound roughly 22%, and erase the incurred losses from the past few trading days. But price action this morning during the ASIA PAC and European session is consolidating, with lower highs, and higher lows as bears and bulls, are squeezed towards each other. Expect to see a pop higher…

Galaxy Digital Names Credit Suisse Veteran as Global Head of Distribution

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Value Locked in Defi Swells by $7 Billion, Tron’s TVL Spikes 34.85%, Ethereum Dominates by 62% – Defi Bitcoin News

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After tapping a 2022 low of $70 billion on June 19, the total value locked (TVL) in decentralized finance (defi) has increased by more than $7 billion. During the last seven days, the TVL in defi held within the Ethereum blockchain has increased by 4.47% as Ethereum’s TVL commands 62.92% dominance or $48.17 billion of today’s $77.11 billion. Meanwhile, Tron’s TVL skyrocketed this week, jumping 34.85% during the past seven days. This Past Week Tron’s TVL Jumped by Double-Digits, Smart Contract Tokens Rise, Dex Applications Command Today’s Top Defi TVL…

Crypto Broker Voyager Claims It Was FDIC Protected Draws Regulatory Scrutiny

The FDIC – a federal regulator tasked with overseeing bank stability in the U.S. – protects customers from losing their funds in the event of a bank collapse, insuring up to $250,000 per account. This insurance, however, usually only applies to an actual bank failure, not upon failure of the bank’s client, i.e., Voyager’s collapse wouldn’t necessarily trigger an FDIC backstop. Source

P2E gaming is in a rut, but Axie Infinity (AXS) could rebound for 3 key reasons

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Play-to-earn gaming was one of the breakout sectors of the cryptocurrency market in 2021 and the trend was led by Axie Infinity (AXS), a mobile, blockchain-based game where users collect, breed, raise and battle nonfungible tokens (NFTs) called Axies for monetary rewards.  As the market topped and then entered what has become a deep bear market, AXS price retraced from an all-time high near $170 to its current price at $15.20 following several setbacks, including a $600 million hack of the Ronin sidechain that hosts the game.  AXS/USDT 1-day chart.…