Day: July 15, 2022

DeFi token AAVE faces major correction after soaring 100% in a month

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The price of Aave (AAVE) has more than doubled in a month, but its bullish momentum could be reaching a point of exhaustion. AAVE price tests key inflection level Notably, AAVE has surged by over 103% after bottoming out locally at $45.60 on June 18, hitting almost $95.50 this July 15. Nevertheless, the token’s sharp upside retracement move has brought its price closer to the level that triggered equally sharp pullbacks since early June. In other words, AAVE has been testing an ascending trendline resistance that constitutes a “bear flag,”…

Justin Sun โ€“ Altruism or Greed? โ€“ Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analystย at theย publicly listed digital asset brokerย GlobalBlockย  Bitcoin dropped around 5% over last weekend, the week started at around $20,500 at time of writing. The downtrend in the crypto market persists, due to increased fears of an incoming recession. The google search volume of recession has skyrocketed in recent weeks. The June jobs report, which was released last week, showed that employment is strong with high wage growth, increased the chance of a recession. This is because it results in a more aggressive Federal Reserve, who must fight…

Dr. Jane Thomason โ€“ Cointelegraph Magazine

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Jane Thomason is an Australian academic who spent 15 years running hospitals and doing development work abroad followed by a 20-year stint building a $250-million revenue company.ย  Thomason โ€” recently a blockchain adviser to the World Health Organization โ€” says she โ€œhad an epiphanyโ€ while thinking about the 2004 Tsunami in Indonesia, in which the lives of over 200,000 people were washed away. โ€œNo one knew the identities of the people coming to the hospitals โ€” all the identity documents were gone, all the bank records were gone, all the…

ETH Surgesย Past $1,200 as Latest Shadow Fork Goes Live โ€“ Market Updates Bitcoin News

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ETH was back in the green, as markets reacted to the release of Shadow Fork 9. Bitcoin was well above $20,000 on Friday, as bulls returned to the crypto market following several days of consolidation. BTC was up by over 5% in todayโ€™s session, with ETH not only back into the $1,100 region, but above $1,200. Bitcoin After battling market uncertainty all week long, bitcoin bulls returned to action on Friday, pushing prices well above $20,000. The worldโ€™s largest crypto token rose to an intraday high of $20,981.99 in todayโ€™s…

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Crypto payments gain ground thanks to centralized payment processors

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The cryptocurrency market has grown beyond many peopleโ€™s expectations over the past decade. The nascent industry has managed to change mainstream perception quite significantly, especially in 2021, which saw many traditional financial institutions adopt crypto in one form or another. Some of the biggest public companies such as MicroStrategy started using Bitcoin (BTC) as a treasury hedge, while the likes of PayPal, Mastercard and Visa paved the way for the common public to use crypto as a form of payment. While many experts are still skeptical about the use of…

JP Morgan Claims Drop In Bitcoin Production Cost Is Negative For BTC Price

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The recent crypto winter has affected miners negatively to the extent that many sold off their Bitcoin and other crypto holdings. In addition, many of these miners could not even pay their loans since their rigsโ€™ values plummeted. As the price falls, there have been a lot of losses for them, given the cost of producing BTC. But now, recent events show that even the cost of producing the crypto for miners has also dropped. Recent news states there has been a 50% dip in the cost of producing Bitcoin.…

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