Bitcoin has not seen a full-blown recession since it was launched as a response to the 2008 global financial crisis.
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On the brink of recession: Can Bitcoin survive its first global economic crisis?
Bitcoin has not seen a full-blown recession since it was launched as a response to the 2008 global financial crisis.
Crickets on day 1, but Proshares short Bitcoin ETF volume up 380% on day 2
A slow first day of trading on the short Bitcoin ETF may have been nothing but a slight hiccup in ProShares’ newest product as volumes grew on the second day.
Crickets on day 1, but Proshares short Bitcoin ETF volume up 380% on day 2
A slow first day of trading on the short Bitcoin ETF may have been nothing but a slight hiccup in ProShares’ newest product as volumes grew on the second day.
Nexo hires Citibank to advise on acquisitions during market turmoil
“We’re in this together” — Crypto lending platform Nexo has appointed Citibank to advise on acquisitions from struggling crypto firms.
Voyager’s 60% share price plunge leads sea of red for crypto stocks
VYGVF dropped as much as 60% during regular trading hours on June 22 before closing at $0.5998 to mark a drop of 50.84% for the day.
Binance U.S. makes BTC trading fee-free as competitors feel the heat
Brian Shroder, CEO of Binance.US, said the zero-trading fees would generate positive user sentiment and said there are plans to expand the list of tokens that will offer zero-fee trading in the future.
DeFi Summer 3.0? Uniswap overtakes Ethereum on fees, DeFi outperforms
Fees spiked to a high of $8.36 million for Uniswap on June 15, beating out Ethereum on the same day at $7.99 million, and coincided with an 8.7% pump for UNI.
China warns Bitcoin is heading to zero but BoE looks on the bright side
Official Chinese national news media outlet warns readers that Bitcoin could go to zero value in order to dissuade them from investing in and using cryptocurrency.
‘Rush of radical rulemakings’ — Hester Peirce criticizes SEC agenda
Peirce has called for regulatory clarity around certain issues relating to crypto as part of the SEC Spring 2022 Regulatory Agenda, which was released on Wednesday.
Meta set to begin testing NFTs on Instagram Stories with Spark AR
Earlier this week, Meta also announced it would join with other tech companies to create a Metaverse standards body.
Meta set to begin testing NFTs on Instagram Stories with Spark AR
Earlier this week, Meta also announced it would join with other tech companies to create a Metaverse standards body.
Canadian regulator takes enforcement actions against Bybit and KuCoin
“Bybit responded to the OSC’s enforcement action, maintained an open dialogue, provided requested information, and committed to engaging in registration discussions,” said the OSC.
NFT, DeFi and crypto hacks abound — Here’s how to double up on wallet security
Falling prey to a fraudulent link can be devastating to one’s personal investment portfolio. Here are three ways a hard wallet can protect you.
NFT, DeFi and crypto hacks abound — Here’s how to double up on wallet security
The explosiveness and high dollar value of nonfungible tokens (NFTs) seem to either distract investors from upping their operational security to avoid exploits, or hackers are simply following the money and using very complex strategies to exploit collectors’ wallets.
At least, this was the case for me way back when after I fell for a classic message sent to me over Discord that caused me to slowly but all too quickly lose my most valuable assets.
Most of the scams on Discord occur in a very similar fashion where a hacker takes a roster of members on the server and then sends direct messages to them in hopes they will bite at the bait.
“It happens to the best of us,” are not the words you want to hear in relation to a hack. Here are the top three things I learned from my experience on how to double-up on security, starting with minimizing the use of a hot wallet and simply ignoring DM’d links
A quick crash course in hardware wallets
After my hack, I was immediately reminded and I cannot reiterate it enough, never share your seed phrase. No one should be asking for it. I also learned that I could no longer forego security at the privilege of convenience.
Price analysis 6/22: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, SHIB
Bitcoin (BTC) continues to face a tough battle near the psychological level of $20,000 as the bulls and the bears attempt to assert their supremacy. Trading firm QCP Capital said in their latest market circular that funding rates on derivatives markets were stable and bearish conditions were fading.
Another ray of hope for the Bitcoin bulls is that Bitcoin miners may be capitulating as the recent decline in the price has made some mining machines unprofitable. Data from Arcane Research shows that public Bitcoin mining companies that had only sold 30% of their mined production from January to April of this year had dumped 100% of their Bitcoin production in May. Some analysts believe that miners giving up was a bullish signal.
Daily cryptocurrency market performance. Source: Coin360However, one metric suggests that Bitcoin may not have bottomed out. Historically, Bitcoin signals a bottom when less than 50% of the Bitcoin addresses remain profitable. Glassnode data as of June 20 shows that 56.2% of Bitcoin addresses are in profit, increasing concerns of another down leg.
Could Bitcoin and the altcoins sustain the recovery or will bears pull the price lower? Let’s study the charts of the top-10 cryptocurrencies to find out.
BTC/USDT
The bulls are attempting to start a recovery in Bitcoin but the long wick on the June 21 candlestick suggests that bears are not willing to surrender their advantage.
Price analysis 6/22: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, SHIB
BTC and select altcoins attempted a reversal, but are facing heavy selling at higher levels, which is proof that bears remain in control of the wider market.
Price analysis 6/22: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, SHIB
BTC and select altcoins attempted a reversal, but are facing heavy selling at higher levels, which is proof that bears remain in control of the wider market.
Voyager enters into $500M loan agreement with Alameda amid 3AC exposure
Voyager announced that Three Arrows Capital owes the firm 15,250 BTC and $350 million USDC.
Voyager enters into $500M loan agreement with Alameda amid 3AC exposure
Voyager announced that Three Arrows Capital owes the firm 15,250 BTC and $350 million USDC.