Day: November 27, 2022

Bitcoin price consolidation has shifted traders to these 4 altcoins

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Bitcoin (BTC) has been trading in a tight range since Thanksgiving Nov. 24, as traders are uncertain about the next directional move. Usually, in a bear market, analysts tend to become uber-bearish and project targets that tend to scare away investors. The failure of Bitcoin to start a strong recovery has given rise to several bearish targets, which extend up to $6,000 on the downside. Although anything is possible in a bear market, traders who have a long-term view could try to accumulate fundamentally strong coins in several tranches. Because…

Putin calls for blockchain-based international payment system

Russian President Vladimir Putin criticized monopoly in global financial payment systems and called for an independent and blockchain-based settlement network on Nov 24, speaking at the International AI Journey Conference in Moscow.  During the event organized by Sberbank, the largest Russian bank and a major lender to the government, he stated: “The technology of digital currencies and blockchains can be used to create a new system of international settlements that will be much more convenient, absolutely safe for its users and, most importantly, will not depend on banks or interference…

Some Things to Be Thankful For, Even Though Everything in Crypto Is On Fire

Why you should be thankful: The ability to hold your own coins is part of the value proposition of most cryptocurrencies. From the perspective of the Bitcoin system, one of the value propositions is that there is a finite, provably scarce number of bitcoin. If exchanges were found to be circulating an amount in excess of the number of bitcoin issued (i.e., they are selling paper, fake bitcoins rather than real bitcoins) we could: a) out some bad-faith actors in the space and b) see some crazy price movement as…

Crypto Influencer Bitboy Flies to the Bahamas to Question Former FTX Exec Sam Bankman-Fried – Bitcoin News

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Its been 16 days since FTX filed for Chapter 11 bankruptcy protection in the U.S. and the former FTX CEO Sam Bankman-Fried (SBF) is allegedly still hunkering down at his seaside resort in the Bahamas. This weekend, the Youtuber known as Bitboy decided to fly down to Nassau in order to question SBF about the FTX collapse, and crypto supporters on social media have been eagerly watching Bitboy search for SBF on the island. While Trying to Confront SBF in the Bahamas, Bitboy Says He’s Doing What No One Is…

What is an Ethereum Virtual Machine (EVM) and how does it work?

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Ether (ETH), which is the second largest cryptocurrency in terms of market capitalization, is popular among cryptocurrency investors because of its native ETH token. However, its native Solidity programming language and Ethereum Virtual Machine (EVM) are instrumental in the adulation it receives from the developer community. In fact, the Ethereum blockchain continues to attract decentralized application (DApp) developers due to its flexibility, the vast range of developer tools available and the platform’s large user base. Forming the core of the blockchain’s architecture, the EVM is the program that executes its…

Uniswap Price Struggles At $5.49, Will There Be A Run Up To $6?

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After sustaining bullish price action for the past two days, the Uniswap price has registered a shift in its price movement. With a 0.9% loss in the last 24 hours, price sentiment has shifted toward the bears. At press time, Uniswap has struggled to move past its rigid resistance mark of $4.50. There is a chance that investors could book profits if UNI moves past the aforementioned price level. The coin has, however, struggled at its immediate resistance of $5.49. Uniswap has to flip the critical resistance into the support…