Kevin O'Leary gives his outlook on the current state of the crypto market in this exclusive live interview with Cointelegraph.
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Interview with Kevin O’Leary: $28K Bitcoin next or lower? | Market Talks with Crypto Jebb
Kevin O'Leary gives his outlook on the current state of the crypto market in this exclusive live interview with Cointelegraph.
Building the blockchain industry despite market drops and regulation threats
Even if crypto regulation comes to America, top crypto investors are not worried as upward of 90% of cryptocurrencies are utilized outside the United States.
Bitcoin price retests key $22.8K as metric points to 'BTC buying spree'
BTC price bulls fail to take the market higher as the week continues, but buyer interest is giving hope.
Bitcoin price retests key $22.8K as metric points to 'BTC buying spree'
Bitcoin (BTC) returned to base on Aug. 4 as higher levels gave way to a battle for the 200-week moving average (MA).
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBattle for classic Bitcoin price trendline rages
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling to repeatedly test the key bear market trendline as support.
The day’s Wall Street open provided only a brief change in the mood, with the pair spiking above $23,000 before continuing previous behavior.
The atmosphere was unchanged by news that investment giant BlackRock had partnered with major exchange Coinbase to provide crypto trading to clients.
Instead, the familiar status quo involving the 200-week MA just above $22,800 entered another chapter, with bulls and bears still tussling for control. On-chain analytics resource Material Indicators noted that one class of whales active on the largest global exchange, Binance, was in a more risk-off mood on the day.
Self-custody isn’t for everyone: WisdomTree exec on ‘be your own bank’
As self-custody puts a lot of responsibility on a user, many may find it way too uncomfortable or too hard to handle.
Self-custody isn’t for everyone: WisdomTree exec on ‘be your own bank’
As self-custody puts a lot of responsibility on a user, many may find it way too uncomfortable or too hard to handle.
UK parliamentary group calls for submissions in new crypto asset inquiry
The U.K.’s Crypto and Digital Assets All Party Parliamentary Group (APPG) announced it will launch an inquiry into the crypto and digital asset industry.
Portuguese banks shutting crypto accounts citing risk management concerns
The Bank of Portugal has licensed all of the exchanges that have had their accounts closed, including Criptoloja, Mind The Coin and Luso Digital Assets.
Lido’s market dominance and Ethereum decentralization post-Merge
Lido’s liquid staking derivative token has over 90% of the Ethereum market share as the network ultimately transitions to proof-of-stake.
'Insane evidence' Bitcoin has capitulated in past 2 months — analysis
Signals that Bitcoin is in classic capitulation mode are everywhere, and each is a "rare event," says Capriole's Charles Edwards.
‘Insane evidence’ Bitcoin has capitulated in past 2 months — analysis
Bitcoin (BTC) is providing overwhelming evidence that it is capitulating, and it is time to flip bullish as a result, new analysis believes.
In a Twitter thread on Aug. 3, Charles Edwards, CEO of crypto asset manager Capriole, revealed what he called the “The 12 Bitcoin Capitulations.”
“Risk-returns skewed positively” for Bitcoin
With BTC price action recovering from multi-year lows but still hovering near key bear market support, opinions vary widely as to what will happen next.
Some are demanding a return to levels even lower than June’s $17,600 trough, while others argue that a “bear market relief rally” could take BTC/USD as high as $40,000 first.
For Edwards, the raw evidence suggests that the past months have been bearish enough and that behind the scenes, Bitcoin has been quietly capitulating.
Ethereum's L2 solution 'Optimism' rallies 300% in a month — will OP price gains sustain?
The price of Optimism (OP) has been skyrocketing since the beginning of July due to its proximity to Ethereum.
Notably, OP's price rallied by nearly 300% in over a month to reach $2.31, its second-highest level on record, on Aug. 4. The token received its bullish cues primarily from the euphoria surrounding Ethereum's potential transition to proof-of-stake in September via an upgrade called "the Merge."
OP/USD four-hour price chart. Source: TradingViewWhy the "Optimism"
To recap: Optimism is an Ethereum rollup solution. In other words, the so-called layer-2 solution handles a bundle of Ethereum's transaction verifications off-chain to boost scalability on the main chain.
Optimism could benefit from the Merge due to Ethereum's "Rollup-Centric Roadmap," which turns its main chain into a settlement and data availability layer and places scalability in the hands of layer-2 rollups via "danksharding."
"Currently, with the combined rollup and Ethereum architecture, the current Ethereum-only transaction throughput of 15–45 TPS could scale to as much as 1,000–4,000 TPS," noted Ally Zach, a researcher at Messari, adding:
Ethereum's L2 solution 'Optimism' rallies 300% in a month — Will OP price gains sustain?
The price of Optimism (OP) has been skyrocketing since the beginning of July due to its proximity to Ethereum.
Notably, OP's price rallied by nearly 300% in over a month to reach $2.31, its second-highest level on record, on Aug. 4. The token received its bullish cues primarily from the euphoria surrounding Ethereum's potential transition to proof-of-stake in September via an upgrade called "the Merge."
OP/USD four-hour price chart. Source: TradingViewWhy the "Optimism"
To recap: Optimism is an Ethereum rollup solution. In other words, the so-called layer-2 solution handles a bundle of Ethereum's transaction verifications off-chain to boost scalability on the main chain.
Optimism could benefit from the Merge due to Ethereum's "Rollup-Centric Roadmap," which turns its main chain into a settlement and data availability layer and places scalability in the hands of layer-2 rollups via "danksharding."
"Currently, with the combined rollup and Ethereum architecture, the current Ethereum-only transaction throughput of 15–45 TPS could scale to as much as 1,000–4,000 TPS," noted Ally Zach, a researcher at Messari, adding:
How to create and launch a cryptocurrency token with TokenMint?
To create a token using TokenMint, no programming knowledge is necessary. The TokenMint platform's alpha version provides the fundamentals for creating a fungible token.
Japan may see a reduced 20% tax on crypto earnings with new proposal
The proposal calls for a separate 20% tax on crypto earnings and exemptions of any tax on crypto gains, with losses carried forward for up to three years.
Philippine SEC cautions the public not to invest with Binance
Infrawatch PH Convenor Terry Ridon said that the SEC’s response clarifies the government’s position on crypto platform operations.
Tourists flock to El Salvador despite Bitcoin bear market
El Salvador, the first country to adopt Bitcoin as legal tender, has seen explosive growth in tourism numbers in the first half of 2022.
Senator Warren proposes reducing Wall Street's involvement in crypto
Warren's letter urges OCC to collaborate with Fed and FDIC to develop an alternative cryptocurrency approach “that adequately protects consumers and the safety and soundness of the banking system.”
Senator Warren proposes reducing Wall Street's involvement in crypto
Warren's letter urges OCC to collaborate with Fed and FDIC to develop an alternative cryptocurrency approach “that adequately protects consumers and the safety and soundness of the banking system.”