Month: July 2022

Bitcoin to make new all-time-highs within 24 months: Coinshares CSO

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Bitcoin (BTC) may have further to fall, but Coinshares chief strategy officer Meltem Demirors believes the top cryptocurrency will reach new all-time highs within the next 24 months. Speaking on CNBC’s Squawk Box on July 11, Demirors noted that Bitcoin has always been a “cyclical asset” with drawdowns from peak to trough at 80 to 90% historically. With Bitcoin currently sitting at about 65% down from its all-time highs in November 2021, Demirors believes “there is still room for some downward correction.” However Demirors noted there has been strong support…

BlockFi Quickly Reverses Plan to Stop Accepting GBTC as Collateral

Crypto lending platform BlockFi, after asserting earlier Tuesday that it would no longer accept shares in the Grayscale Bitcoin Trust (GBTC) as collateral for loans, reversed its position later in the day and issued a statement that, “We are not saying that we won’t support GBTC as collateral moving forward.” Source AcceptingBlockFiCollateralGBTCPlanquicklyReversesStop CryptoX Portal

BITCOIN IS DOING SOMETHING ABSOLUTELY INSANE RIGHT NOW!!!!!! BTC + Crypto Price Prediction Analysis

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This Bitcoin and Cryptocurrency trading analysis applies to various exchanges, including Bybit and Binance. Tackling questions like if Bitcoin can reach all time highs again or how low BTC will crash. Things like the lightning network have provided huge improvements for BTC and while it is true that others like Roger Ver with Bitcoin Cash (bcash) may disagree, I do see these blockchain technology innovations to be very bullish fundamental signs for the space. This description contains paid sponsors and affiliate links.…

Solana Retraced Below $38, Is There A Chance For Comeback?

Solana was on a downtrend as the bulls have lost steam after SOL fell below the support line of $38. Over the last 24 hours the coin depreciated 4% and in the last week, the coin fell by 8%. Price of Solana was pushed to $33, however, at press time the coin was trading slightly above the support line. Bitcoin too struggled below the $20,000 mark and the altcoins walked the same price path. Broader market weakness continues to contribute towards the altcoins bearish pressure. One the daily chart, Solana…

How to use NUG Pay Mobile Wallet Application and Blockchain Technology Explained

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This Video explain Blockchain Technology and How to use NUG Pay Mobile Money Application. Video တွေတင်ဆက်ပေးတော့မှာမို့ Channel လေးကို Subscribe လုပ်ပြီး 🔔 ခေါင်းလောင်းလေး နှိပ်ပေးထားကြပါဦး.. Follow on facebook.. I am Myanmar Social Influencer , Cinematic video Director and Travel Blogger . I am upload in this channel Korea travel blog. I am fully support Nobel Peace Prize Aung San Suu Kyi and Myanmar Democracy revolution. I have over 300000 follower in facebook. Please Subscribe my Youtube channel. #YeThar #Myanmar “Copyright Disclaimer Under Section 107…

US Treasury study finds CBDCs a plus for commercial bank stability

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The introduction of a central bank digital currency (CBDC) may increase the stability of a banking system, according to a paper released Tuesday by the United States Treasury Office of Financial Research.  This finding counters concerns that a CBDC may encourage runs on weaker banks. According to the July 12 paper, researchers often claim that the public may in times of financial stress “pull funds out of banks and other financial institutions” meaning that a “CBDC could make runs on financial firms more likely or more severe.” The authors however…

Celsius is ‘Deeply Insolvent,’ Alleges Vermont Department of Financial Regulation

Last week, CoinDesk reported that Celsius fully paid off and closed its loan on Maker, one of the largest DeFi lending protocols, and freed up $440 million of collateral pledged against the loan, denominated in wrapped bitcoin (WBTC) tokens. Additionally, on Tuesday, the crypto lender reduced its debt by $95 million on Aave and freed up 410,000 stETH tokens, worth $426 million at the time of publishing, also reported by CoinDesk. CryptoX Portal

Twitter Sues Elon Musk to Enforce $44 Billion Buyout Deal — Insists Breach Allegations Lack Merit – Featured Bitcoin News

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Twitter Inc. has filed a lawsuit against Elon Musk to force the Tesla CEO to go through with the agreement to buy the social medial platform for $44 billion. Twitter alleges that Musk has breached the agreement repeatedly since he signed the deal with the company. Twitter v. Elon Musk: Lawsuit Battle Begins Twitter Inc. (NYSE: TWTR) has filed a lawsuit against Tesla and Spacex CEO Elon Musk for backing out of the deal to buy the social media platform. The lawsuit, filed in the Delaware Court of Chancery, names…

If Ethereum Falls Below $1,000, Here’s The Next Support

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Early in June, Ethereum fell below the $1700 demand zone, and the king of altcoins had no immediate plans to recover. The $1000 band of support has been held for the past month, while the $1300 resistance has not yet been broken. Ethereum Ranging Between $1,000 to $1,200 Although Ethereum seemed to establish a range, it was probably just imitating Bitcoin. The king coin also established a range, and it would need perseverance to traverse the markets without suffering a great deal of loss.   ETH/USD hovers around $1k. Source:…