Will Bitcoin Tank Following The Charles Schwab Indicator? Do BTC Investors Need To Worry?

The crypto market is giving investors no hope of recovery as the price of Bitcoin returns from its recent gain. In the meantime, futures trading remains the best way to gain from the crypto ecosystem. Experts in the crypto world revealed that the current market situation results from several macroeconomic factors. These factors include the ongoing war between Ukraine and Russia and inflation. In addition, governments’ expenses have also increased since the break of the Covid-19 up to now. Another notable factor is the interest rate hikes of the Fed…

Brazil-Based Neobank Nubank to Launch Own Cryptocurrency as Part of Loyalty Program – Exchanges Bitcoin News

Nubank, one of the largest digital banks in the world, has announced it will issue its own cryptocurrency during the first half of 2023. The currency, called Nucoin, will be issued on top of Ethereum with the help of Polygon, a second layer that allows users and developers to take advantage of lower fees, and will be airdropped to all the customers of the bank. Nubank to Launch Nucoin in 2023 Nubank, the biggest digital bank outside of Asia, revealed its plans to delve deeper into the digital economy through…

77% of El Salvadorans Don’t Believe In President Nayib Bukele’s Bitcoin Dream

A survey by the Central American University suggests that the majority of El Salvadorans disapprove of the government’s Bitcoin endeavor.   More than 77% of the respondents want the government to stop spending money on Bitcoin-related projects.  El Salvador failed to make it to the top 15 list in terms of crypto remittances.  President Nayib Bukele’s Bitcoin bet has caused losses of almost $60 million.  On 7 September 2021, El Salvador’s President Nayib Bukele laid out a crypto vision for his people. A vision that would leverage the power of the…

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Bitcoin Dominance To Regain Control Over Crypto?

In this episode of NewsBTC’s daily technical analysis videos, we are analyzing Bitcoin dominance (BTC.D) and how the top cryptocurrency might perform in the near term against altcoins. Take a look at the video below: VIDEO: Bitcoin Dominance Versus Altcoins (BTC.D): October 20, 2022 In addition to the video highlights listed below the video, we also analyze BTC.D using the Ichimoku, Average Directional Index, LMACD, and other technical tools. Bitcoin Outperforms Altcoins During Sideways Phase On daily timeframes, BTC.D is taking a short pause, but is mostly still bullish according to…

Crypto Custodian Prime Trust Agrees to Return $17M in Tokens to Bankrupt Lender Celsius

Celsius had sued Prime Trust in August, alleging that Prime Trust had improperly withheld the tokens when the two terminated their contract in June 2021. The assets, made up of 398 BTC, 196,268 CEL tokens, 3,740 ETH and 2.2 million USDC valued at roughly $17 million, were tied to Celsius’ yield product customers in Washington State and New York. Prime Trust held $119 million of Celsius’ assets at the time the contract was ended. Source

Warner Bros. transformará la película original de “El Señor de los Anillos” en una experiencia Web3

En colaboración con Eluvio, una blockchain centrada en la utilidad que busca desarrollar la economía del creador, el lanzamiento estará compuesto por dos niveles de NFT: la “Premiere Mystery Edition”, que tiene 10.000 coleccionables a un precio de US$30 cada uno; y la “Premiere Epic Edition”, con 999 coleccionables a US$100 cada uno. Todos los NFT permitirán a los coleccionistas ver una versión extendida de la película, acceder a funciones especiales y descubrir coleccionables de realidad aumentada (AR, por sus siglas en inglés). Source

How long will the bear market last? Signs to watch for a crypto market reversal

The current crypto bear market has induced panic, fear and uncertainty in investors. The dire situation started when the global crypto market capitalization dropped below the $2 trillion mark in January 2022. Since then, the price of Bitcoin (BTC) has decreased by over 70% from its all-time high of $69,044.77, reached on Nov. 10, 2021. Similarly, the values of other major cryptocurrencies such as Ether (ETH), Solana (SOL), Avalanche (AVAX) and Dogecoin (DOGE) have decreased by around 90%.  So does history tell us anything about when the bear market will…

Tracking Do Kwon, Looking For Payback

The UST Restitution Group is on Do Kwon’s tail. A few governments and this civilian group are all out looking for the Terra creator, who insists that he’s not on the run. The Terra/ Luna collapse was one for the books, and that book is still open. We will write many more headlines about Do Kwon, and probably a few about the UST Restitution Group also. What’s done is done, some might say, but others will not rest until the case involves a court.  In the FT article menacingly titled…