Day: September 14, 2022

Analyst on $17.6K BTC price bottom: Bitcoin ‘not there yet’

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Bitcoin’s (BTC) market behavior is not yet “synonymous” with previous bear market bottoms, one of the leading crypto analysts argues. In a Twitter thread on Sept. 14, statistician Willy Woo, creator of data resource Woobull, offered three examples of why BTC/USD should still have further to fall. Despite many calling a new macro price bottom during June’s trip to $17,600, not everyone is confident that Bitcoin will avoid a retest. For Woo, there is still reason to believe that lower levels will mark the new price floor — and this…

Emerging Markets Lead Global Crypto Adoption in Bear Market, Chainalysis Says

Global crypto adoption rates have slowed during the bear market this year, but the slump didn’t wipe out the growth in adoption during bull markets, Chainalysis said in the report accompanying this year’s index. Crypto use globally remains higher than pre-bull market levels with emerging markets leading the way, according to the report. In its 2021 report, Chainalysis reported a 880% jump in adoption levels year over year. Source

BNB Chain to collab with Google Cloud to bolster Web3, blockchain startups

Binance’s smart contract blockchain platform BNB Chain has partnered with Google Cloud to bolster Web3 and blockchain startups. Startups that are currently building products and services on the BNB Chain blockchain will also be able to build on Google Cloud’s scalable, secure and open source infrastructure. This will see over 1,300 active, BNB Chain-based decentralized applications (DApps) from the world of decentralized finance (DeFi), Metaverse, blockchain games and nonfungible tokens given access to the tools and infrastructure provided by both platforms. These projects will also be able to make use…

Russian Businesses to Choose Which Crypto to Use for Cross-Border Settlements, Lawmaker Says – Bitcoin News

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Russian companies may start transacting in cryptocurrency with partners abroad as early as next year and will be free to pick the coin they want to use, officials in Moscow have indicated. The sanctioned country is preparing to legalize foreign trade settlements with digital assets and this could happen in the coming months. Russian Government Poised to Greenlight International Transactions in Cryptocurrency Russia may authorize cross-border crypto settlements with the law “On Digital Currency” which was presented by the Ministry of Finance in February of this year and has been…

Can Web3 Remake Hollywood?

The creators understand this is very much an early Web3 experiment – even a gimmick – and the results are uneven. Take the weekly cliffhangers. They’re not always compelling, and you can sense that the team is still trying to work out the kinks. In the “Karen Con” episode, for example, the crew needs to find Dusty the Dog, a crypto billionaire who happens to be a dog, so they can pitch him on investing in their cash-strapped league. Where’s Dusty the Dog? At the end of the episode, in…

Market Update: Why Crypto is Still CRASHING! 🤯

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 📲 Insider Info in Guy’s Socials 👉 🛒 Get The Hottest Crypto Deals 👉 👕 My Merch Store 👉 🔥 TOP Crypto TIPS In My Newsletter 👉 ~~ Here is one more crypto market update from Guy. Stay tuned and keep your eyes peeled! ~~ 📜 Disclaimer 📜 The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who…

Guide to real-life crypto OGs you’d meet at a party (Part 2) – Cointelegraph Magazine

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In Part 1, we detailed three of the different kinds of crypto OGs you might meet at an industry party. They were: (1) shadowy super coders and/or anon founders, (2) “reputable” and respected OG industry leaders like Vitalik Buterin and Brian Armstrong, and (3) the comeback OGs, who were trying to shake off the stink of a failed project. This time around, we meet even more categories of crypto OGs, with insight from the insiders most familiar with them. The “NeoGs” market makers and traders There are a select few…

J.P. Morgan Backs $20M Round for Blockchain Infrastructure Startup Ownera

“It is commonly accepted that the tokenization of securities has the capacity to digitize markets with total value in the trillions of dollars,” said Ownera co-founder and CEO Ami Ben-David in the press release. “Dozens of platforms are being deployed by financial institutions across the market, and our job is to be the neutral layer, seamlessly interconnecting them into one global distribution and liquidity network, using open-source network specifications.” Source

NEAR Bulls Charge Their Way Past $4.7 Amid Lack Of Spike In Volume

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NEAR Protocol is looking bullish as it darts past the $4.7 support zone. NEAR’s bullish momentum appears to wane Price exhibits low trading volume NEAR price trading at $4.51 However, judging by the price movement, it looks like the bull’s luck may be running out. On the other hand, NEAR’s trading volume appears to be diminished or low even if the altcoin has amassed roughly 35% gains in that same period. So, does this mean a faltering demand for NEAR? From a long-term perspective, NEAR’s resistance and support levels could…