Category: Cryptocurrency News

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​ 2018 bottom vs today The prelude was a similar +60% drop from ATH, with a period of stagnating prices, or "crabbing". Until at point 1, came the breaking point where the market went into full panic mode and everyone who had any doubt, exited the market. Going at maximum selling pressure. In both cases…
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SOL price is 87% down from its all-time high, but do improving fundamentals strengthen its investment thesis?

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The electronics giant and largest corporation in South Korea, Samsung, is in the midst of creating 3-nanometer (3nm) semiconductors for a Chinese application-specific IC firm, sources have said. The new chip design has caused speculation among the crypto community that it’s possible Samsung may be creating application-specific integrated circuits (ASICs) for bitcoin miners. Sources Say […]

“The defendants misappropriated, either directly or indirectly, all of the Bitcoin they accepted from the pool participants,” said the CFTC.

ChainUp, an end-to-end blockchain technology solutions provider, today announced the signing of a Memorandum of Understanding (MoU) with Korean blockchain company HS88. Both parties will join forces in blockchain technology development and provide mutual network support for market expansion. MoU: ChainUp + HS88 Headquartered in Singapore, ChainUp offers a complete suite of blockchain solutions including digital…
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Ethereum (ETH) is once again losing momentum after exhibiting a positive bounce the previous week. At the time of publication, ETH has a market valuation of $125 billion and is currently trading 9 percent lower at $1032. The second-largest economy in the world is unmistakably losing strength, and if it cannot maintain $1,000, it may go as low as $700 or even lower. Ethereum Falls Below $1k Over the past few hours, the price of ethereum has deviated from a key level of support and fallen under $1,000. This is why more selling pressure might cause a downturn below $900 or even lower. To have a chance of refuting the dismal view, the second-largest cryptocurrency by market cap needs to retake $1,100 as support. Ali Martinez, a market analyst, reveals some important on-chain statistics to look out for! Martinez stated that there has lately been a significant increase in the supply of ETH on the exchanges, citing statistics from Glassnode. He stated: “More than 200,000 $ETH. worth over $200 million, have been sent to known cryptocurrency exchange wallets over the past five days.” Source: Ali Martinez The number of ETH addresses that have experienced losses as a result of the current correction has also increased significantly. This can result in another sell-off. According to Ali Martinez: “Ethereum is at risk of a steep correction. Transaction history shows that nearly 468,000 addresses with more than 7 million #ETH are now underwater and could soon start exiting their positions. A spike in selling pressure could trigger a downswing to $700 or even $600.” ETH/USD trades above $1k. Source: TradingView Related reading | TA: Ethereum Key Indicators Suggest A Sharp Drop Below $1K Ethereum Whales Continue To Accumulate Despite the current chaos in the price of ETH, whales have persisted in demonstrating their might with sporadic accumulations. Santiment, on-chain data source, noted: “Ethereum shark and whale addresses (holding between 100 to 100k $ETH) have collectively added 1.1% more of the coin’s supply to their bags on this -39% dip. Historical evidence points to this tier group having alpha on future price movement” Source: Santiment As of late, the state of the world economy and market circumstances appears dire. Recent figures show a significant decline in consumer confidence in the market, which could increase selling pressure on American equity. The ripple effects can persist further because the cryptocurrency market is already seeing a more severe correction. Related Reading | Why Ethereum Could Trade At $500 If These Conditions Are Met Featured Image from Pixabay and Chart from tradingview.com, Santiment, Glassnode

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PRESS RELEASE. StreamCoin announced that more than 5,000 users have registered for its STRMNFT marketplace. The Web 3.0 live streaming company says it accomplished this feat in less than a month after opening user registration on May 31, 2022. StreamCoin users have been supporting its vision since January 2022, though the company also noticed significant […]