Day: August 9, 2022

TA- STEPN (GMT) Could Be Set For A Major Rally After Bullish Signs

The price of STEPN (GMT) could be set for a major rally against Tether (USDT) after showing bullish signs.  Ethereum price saw a relief bounce from $1,600 to $1,800 ahead of merge sentiments leading to other altcoins like STEPN bouncing off from their weekly lows. (Data feeds from Binance) Price Analysis Of GMT On The Weekly Chart Weekly STEPN Price Chart Analysis | Source: GMTUSDT On Tradingview.com From the chart, the price of GMT saw a weekly low of around $0.58, which bounced from that range and rallied to $1.…

BTC Drops Under $24,000 After Falling Below Key Price Ceiling – Market Updates Bitcoin News

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Bitcoin fell below $24,000 in today’s session, as prices collided with a key resistance level. Following a strong start to the week, crypto markets were mostly in the red, with the global market cap down 2.98% as of writing. Ethereum was also trading lower, moving close to a breakout below $1,700. Bitcoin Following a strong start to the week, bitcoin (BTC) was trading in the red on Tuesday, as crypto markets were overcome with bearish sentiment. BTC/USD rallied to an intraday peak of $24,203.69 on Monday, however it dropped to…

Former Terra-Affiliated Project Kujira to Issue Stablecoin

“As we plan to focus on payments and commerce and launch our own high-quality Kujira wallet, we felt that we would have far more flexibility for future integrations if we were able to launch our own native stablecoin,” the announcement said. “We rebuilt Kujira from the ashes of Terra Classic’s collapse. We understand just how important it is to handle a stablecoin correctly by pursuing transparency, community involvement, sustainable governance, while focusing on adoption and tangible value.” Source

Telstra Report Unveils Ethereum Devs Remain Strong During Bear Market

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Recent news reported the constant increase of developers in some renowned digital currencies, especially Ethereum. The effect has increased the Web3 community strength and is looking to maintain this course in the long run. The news cited that the growth is a function of the participation of developers in the major ecosystems. According to the information from Telstra Ventures, the major digital currencies involved here are Bitcoin, Ethereum, and Solana. Telstra Ventures is a known investing arm of telecommunication in Australia. Notably, the report also compared the level of strength…

How To Create Fake Bitcoin Investment Website

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The Bear Market Correction Could Be Over, According To ARK. Reasoning Inside

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Rejoice! The bear market might be over. That’s the main thesis behind July’s “The Bitcoin Monthly” report. “Because bitcoin’s price did not rise parabolically during the 2021 bull market, its bear market correction could be over,” ARK reasons. And it makes sense, the numbers seem to suggest it, and it feels like it. However, are we fooling ourselves? Is ARK’s reasoning wishful thinking? Let’s examine the data and see what it tells us. First of all, “bitcoin closed the month of July up 16.6%, rising from $19,965 to $23,325, its…

Ethereum Layer 2s Could Take Revenue From the Blockchain as They Become More Competitive: Coinbase

Coinbase says that if more user activity moves to layer 2s and these blockchains need their own tokens to enable transactions, this could reduce the staking yields to Ethereum validators , cutting their revenue. That could reduce staking on the platform and increase the amount of ether (ETH) circulating, potentially damaging the cryptocurrency’s price. A decline in validators could also have a negative impact on the overall security of the network, the report said. Source

Renewable Energy Company Closes $4.3M Capital Round to Convert Landfill Methane Into Bitcoin

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Vespene will use the fresh capital to launch its pilot site in California, making it the first company to convert wasted landfill methane into Bitcoin, the company said. One Vespene module will take about four to six months to establish. Each module will have a power capacity of about 1.5 megawatts (MW) and eliminate 270,000 metric tons of CO2-equivalent per year, Vespene added. Original