Day: October 19, 2022

Casper Network (CSPR) Retraces To Key Support $0.041, Are Bulls Still In Control?

CSPR’s price struggles to hold above key support as the price needs to hold above $0.041 to maintain its bullish run.  CSPR continues to struggle as a hidden bearish divergence appears in the four-hourly timeframe suggesting a change in trend could be imminent.  The price of CSPR continues to look bullish as price trades above the 50 Exponential Moving Average (EMA) on the daily timeframe.  Casper Network (CSPR) has gained traction in recent weeks, with the price rallying from its weekly low to a high of $0.055, where it met…

Aptos Foundation airdrops 20M tokens to its early testnet users

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Layer-1 blockchain company Aptos Foundation announced on Oct 18 that it had rewarded its early network participants with free APT tokens.  1/ The Aptos Foundation has provided early network participants with APT tokens. If you are eligible to claim, you will receive an email from airdrop@aptosfoundation.org in the next few hours. — Aptos (@AptosFoundation) October 18, 2022 The foundation shared that it had allocated an estimated 20 million APT tokens, representing 2% of its initial total supply of 1 billion APT, to about 110,235 eligible participants. The airdropped tokens had an…

Bitcoin (BTC) and Riot Blockchain (RIOT) Just Broke MAJOR Resistance! Fall/ Winter Rally Coming?

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Anthony Hopkins sells out NFTs in minutes: Nifty Newsletter, Oct 12–18

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In this week’s newsletter, read about how Animoca Brands co-founder Yat Siu believes that nonfungible token (NFT) games are only at the tip of the iceberg in terms of potential. Check out how an executive at Kraken highlighted that NFTs will be as disruptive as Bitcoin (BTC) and how a museum in Ukraine is preserving the country’s cultural heritage through NFTs. In other news, find out how an industry executive claimed that brands have a lot of responsibility in terms of protecting their NFT investors against fraud. Last but not…

MicroStrategy’s Financial Health At Risk After Enormous $3.4 Billion Bitcoin Bet: Fortune Report

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Since MicroStrategy’s pivot to Bitcoin, the company has managed to accumulate 130,000 Bitcoins, worth just over $3.406 Billion at current rates. MicroStrategy’s Bitcoin acquisition was financed through multiple debts and bond offerings. Bitcoin’s dip to $18,300 on 13 October may have temporarily jeopardized the company’s financial health. MicroStrategy’s first debt repayment is due in 17 months, where Saylor will be required to pay $855 Million. According to a Fortune report, the company’s core software business is generating very little cash flow, and its Bitcoin interest loan payments may negatively affect…

The Year Of Crypto Market Fear

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Data shows 2022 has been the year of fear in the crypto market as investors have continued to display poor sentiment for around eleven months now. Crypto Fear And Greed Index Currently Sits In “Extreme Fear” Territory As per the latest weekly report from Arcane Research, the cryptocurrency market could soon complete one full year of fearful sentiment. The relevant indicator here is the “fear and greed index,” which tells us about the general sentiment among investors in the crypto market. The metric uses a numeric scale that runs from…

Why Mark Cuban Believes In Ethereum!

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JPMorgan Taps Former Celsius Exec As Crypto Regulatory Policy Director

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Nothing supersedes personal experience. At least that seems to be the case with a new JPMorgan Chase hire this week, as the financial firm has brought in former Celsius executive Adam Iovine to serve as a director of digital assets regulatory policy, according to a variety of reports on Wednesday, which cite Iovine’s LinkedIn page. The reports come after headlines around JPMorgan’s CEO Jamie Dimon slamming crypto as ponzi schemes. Nonetheless, the institution has flip-flopped it’s public perspective around crypto while still building digital asset infrastructure. Let’s look at this…