BTC, AAVE, KSM, ALGO, TFUEL

Bitcoin’s (BTC) price continues to be range-bound between $30,000 and $40,000 level for the past few days, which is not necessarily a bearish sign. Generally, after a sharp fall, the price tends to consolidate as the asset transfers from weaker hands to stronger hands. After the transition is complete, the asset breaks out and starts a new uptrend. Usually, the longer the price consolidates in a range, the stronger the next trending move will be. Bloomberg Intelligence senior commodity strategist Mike McGlone said on Saturday that Bitcoin’s declining supply was…

Elon Musks lays out when Tesla will begin accepting Bitcoin payments

Tesla CEO Elon Musk says his electric-vehicle company will start accepting Bitcoin (BTC) payments once there’s confirmation that miners are utilizing clean energy, offering a glimmer of hope that the FUD surrounding digital assets could soon subside.  Musk responded to a Cointelegraph tweet about recent accusations from Sygnia CEO Magda Wierzycka, who called on the United States Securities and Exchange Commission to investigate the billionaire for allegedly manipulating Bitcoin’s price. This is inaccurate. Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market. When…

Canadian Bitcoin ETF adds to its holdings despite steep market correction

Demand for Bitcoin (BTC) among Canadian investors has not wavered amid the latest price correction, offering further evidence that market participants are capitalizing on heavily discounted prices.  The Purpose Bitcoin ETF, which launched in February, has now accumulated 19,692.149 BTC as of June 13, according to Bybt data. The ETF has added 284.51 BTC over the past seven days and nearly 2,000 BTC since May 15. A massive breakdown in price has not deterred Canadian investors from seeking exposure to Bitcoin. Source: Bybt. In fact, the ETF added to its…

How the NFT market leveraged blockchain tech for explosive growth

It’s fun to talk about nonfungible tokens, or NFTs, because they are the perfect example of how the impact of blockchain technology in people’s lives goes way beyond the financial market. As we could see in hundreds of headlines in the past few months, they have gripped the world’s attention because they are a new manner of interacting with culture, music, sports and the media. This article will clarify what NFTs are, how they work, how the NFT boom started, and why blockchain technology has made it possible for NFTs…

Crypto is the next step toward a cashless society

From QR code payments to mobile banking apps, consumers worldwide are increasingly reliant on digital payment solutions, especially as mobile technology becomes more ubiquitous. Government-led efforts in driving cashless economies have been a key factor, with countries such as Singapore or the Philippines seeing their central banks driving the adoption of contactless payments during the height of the COVID-19 pandemic. As a result, usage rates for digital payments platforms have recorded promising growth, even as high as 5,000% in the Philippines alone. Related: Digitized Europe: The shift to a cashless…

Bitcoin price could hit $85K in months as indicators flip bullish — report

Bitcoin (BTC) is still below a key moving average and that is “not a bullish sign,” says a new report, but signs of a rebound have finally arrived. In its latest market update released on June 11, trading suite Decentrader highlighted three on-chain indicators calling for an imminent bullish continuation for BTC/USD. Indicators echo March 2020 aftermath Bitcoin has now spent almost a month below its 200-day moving average (DMA). This is concerning, Decentrader warns, and external factors such as geopolitical sentiment continues to weigh on sentiment. “Bitcoin has kept…

Top NFT galleries to visit in-person in 2021

As restrictions seem to be easing for many, people who are looking to leave their houses and discover their region or country can ride the nonfungible token (NFT) wave with physical exhibitions and galleries that will be opening over the second half of 2021 — with some having opened their doors already. Will there be one opening soon in your area? Is there already one open? Are you looking to travel domestically or internationally and want to experience a medium of art that seems inaccessible? Let’s take a look around…

DeFi will bring global revolution to the traditional finance space

Decentralized finance came to life with the inception of Ethereum in 2013. However, it truly hit the ground running in 2016–2017 with the backing of Ethereum developers and some entrepreneurs and experts in the financial investment sphere. To get our facts right and clear all misconceptions, DeFi encapsulates a variety of financial applications in cryptocurrency or blockchain that are geared toward removing intermediaries between parties in financial transactions.  Related: The great unbanking: How DeFi is completing the job Bitcoin started A large majority of DeFi applications are built on top…

Here’s how Bitcoin’s impending death cross could be a contrarian buy signal

Bitcoin’s (BTC) succession of sharp corrections from its all-time high at $64,900 has turned investor sentiment negative, at least for the short-term. While some analysts believe the bottom may have been hit, others are warning of a further fall due to the “Death Cross” pattern that, at the time of writing, is on the verge of completion.  For new traders, the name death cross itself brings a lot of negativity and a feeling of impending doom. This sentiment can trigger selling panics, especially if the market has already been going…