Day: August 30, 2022

Gareth Soloway’s $20k Bitcoin target is finally within reach; Is this the end for cryptos?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Gareth Soloway, chief market strategist of InTheMoneyStocks.com had called for Bitcoin to retest the previous cycle’s all-time high, $20,000. Speaking with David Lin, anchor for Kitco News, Soloway updates his price targets for Bitcoin, gold, and stocks. Follow David Lin on Twitter: @davidlin_TV ( Follow Kitco News on Twitter: @KitcoNewsNOW ( Follow Gareth Soloway on Twitter: @GarethSoloway ( 0:00 – $20k Bitcoin 9:15 – Crypto winter 11:50 – Long-term Bitcoin thesis 15:10 – What’s next for Bitcoin? 17:20 – Luna/UST 21:40 –…

Solana-Based Automation Network Clockwork Raises $4M in Seed Funding

Clockwork, which was formerly known as Cronos, aims to solve the automation dilemma, in which developers must choose between using decentralized apps (dapps), or apps that are automated. Nick Garfield, co-founder of Clockwork, told CryptoX that his company removes the need for a centralized cloud provider such as Amazon Web Services (AWS) or Google Cloud to provide automated products for blockchains, such as decentralized autonomous organization (DAO) tooling or payments processing. Source AutomationClockworkfundingNetworkRaisesSeedSolanaBased CryptoX Portal

Crypto market turmoil highlights risks of leverage in trading

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Leveraged trading of cryptocurrencies — i.e., trading crypto with borrowed funds — comes with significant risks. This is mainly due to the capricious nature of the market. In May, the cryptocurrency market, which had grown significantly over the past couple of years, recoiled violently following a cascade of negative market events, losing over 50% of its market cap. The pullback, which caused a jarring $2 trillion market wipeout, also exposed some of the market’s biggest weaknesses. One of them was the reckless use of leverage in a market that is…

Criminal Crypto Use Is Growing on the Dark Web, but That’s Just Half the Story

Chainalysis, for example, releases an annual Crypto Crime Report that outlines the use of cryptocurrency across several types of crimes like ransomware, scams, violations of broad countrywide sanctions and terrorism financing. We dove into the 2021 report, which was published in February, to figure out how much truth there was in the notion that crypto is only being used by criminals. And while these are critically important types of crime to pay attention to, we are going to zoom in specifically on dark web marketplaces. Source

Buy The Bitcoin Rally? – BTC Analysis

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Premium Membership: My Chart Software: My Hardware Wallet: BTC Rally, Bitcoin Rally, BTC Pump, Bitcoin Pump, BTC Up, Bitcoin Up, Bitcoin BTC, Why Bitcoin, Why BTC, Bitcoin gain, BTC gain, BTC bottom, BTC Reversal, BTC Price, Bitcoin Price Official Telegram Groups: Chat: News: Please LIKE if you enjoy the content – Thank you! Disclaimer: I am not a financial advisor and this video does not constitute financial advice. This video is for entertainment purposes only. Please do your own research before making…

Raydium Springs Up From Underwater, Could This Be A Ray Of Hope?

The price of Raydium (RAY) drops to $0.7 against Tether (USDT) from its all-time high of $15 as it eyes to bounce from its low. Despite the relief bounce across most crypto assets, the price of Raydium (RAY) has continued to remain dormant at its all-time low. (Data from Binance) Raydium (RAY) Price Analysis On The Weekly Chart  The price of RAY crashed to its low of $0.7 by over 95% from a high of $15 after seeing several rejections from areas of resistance.  RAY has shown little bullish moves on the…

Whale Spends 10,000 BTC Worth $203M, Bitcoins Stem From the Infamous 2011 Mt Gox Hack – Bitcoin News

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In two days’ time, bitcoin’s price dropped to fresh August lows as it dipped below the $20K per unit region for the first time since mid-July. During that time, two addresses created on December 19, 2013 sent 10,000 bitcoin worth $203 million to unknown wallets after sitting idle for close to nine years. Onchain data shows the 10,000 coins moved this week originally came from the Mt Gox breach that occurred on June 19, 2011. Whale That Once Held 134,000 Bitcoin From the 2011 Mt Gox Hack Spends the Last…

Crypto Lender Nexo Allocates Additional $50M for Token Buyback Initiative

“In these challenging market conditions, the NEXO Token has moved consistently with the likes of BTC and ETH,” said Antoni Trenchev, Nexo Co-Founder and Managing Partner, in a press release. “Right now, our investors and clients require solid ground to walk on, and our third token buyback ensures this added stability as we emerge from the latest market roller coaster.” Source

Flare Network and Lena Instruments launch new crowdfunding mechanism

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Interoperability-focused blockchain Flare Network has partnered with software infrastructure firm Lena Instruments to implement a crowdfunding mechanism that lowers the risks associated with startup investing.  Lena Instruments announced what it called a “CloudFunding” launchpad that lets Flare investors allocate a percentage of the rewards that they earned into investments to new crypto startups without moving their initial investments. Apart from providing a low-risk investing solution for its contributors, the platform also aims to help projects that have launched on the platform have regular cash flows during the reward distribution periods.…