Category: Cryptocurrency News

These altcoins are carving out gains as Bitcoin price continues to trade within a tightening range.

Grayscale and Ripple against the SEC, Coin Center versus the Treasury — it’s a hot season in the U.S. courts.

We just finished fleshing out some ideas about the space, its direction, and the direction we reckon it should go. We tried tying together some thoughts that have been floating around the community with some original takes into a coherent thesis: – To fully enjoy the massive improvements in data capacity (EIP-4844 and Sharding), applications…
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Stealth addresses are an important part of Monero's inherent privacy. They allow and require the sender to create random one-time addresses for every transaction on behalf of the recipient. The recipient can publish just one address, yet have all of his/her incoming payments go to unique addresses on the blockchain, where they cannot be linked…
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Regulators from the state of Texas and the state’s attorney general are objecting to FTX purchasing Voyager Digital, as the state’s securities commissioner needs to “determine whether FTX US is complying with the law.” Texas State Securities Board, Department of Banking, and Attorney General File Objection Against FTX Buying Voyager Digital According to a bankruptcy […]

It is an update to the original 100M ecosystem funding proposal, which Terra developers say did not fit the community’s needs.

In this episode of NewsBTC’s daily technical analysis videos, we are looking at the best chance Bitcoin and the rest of crypto has had for a bullish week in a long time. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): October 17, 2022 There continues to be not much movement in crypto, with Bitcoin trading at around $19,500 currently. But the lack of movement is welcome after nearly a year of falling prices. Related Reading: Bitcoin Price Bounces After CPI Dump | BTCUSD Analysis October 13, 2022 Bitcoin Gears Up For Big Move, But Which Direction? Despite the lack of price action, daily timeframes are showing some signs of an impending breakout, possibly to the upside. The Bollinger Bands are once again tight as can be, which is a signal a big move is on the way. Bitcoin price is trying to push above the middle-BB which would increase the probability of upside if the bands begin to lift. The daily LMACD is also just below the zero line. Pushing above it turns Bitcoin fully bullish on the daily timeframe.  The Bollinger Bands suggest a big move is coming | Source: BTCUSD on TradingView.com BTCUSD Downtrend Line Broken As Weekly Momentum Strengthens Weekly momentum has also closed bullish for the second week in a row, opening with green momentum strengthening on the LMACD histogram. If bulls can close a third week in a row, a new uptrend should materialize. Note how during the last, failed attempt to break out, BTCUSD had weakening momentum and didn’t close beyond three bullish ticks. Bitcoin price is also working on a breakout of weekly downtrend resistance. This is not the final downtrend resistance on log scale, but there is still significance here. The Relative Strength Index on weekly timeframes could be signaling an early breakout of multiple downtrend lines, which could soon lead to crypto making a move. Is BTCUSD ready for a big breakout? | Source: BTCUSD on TradingView.com Related Reading: Total Crypto Market Cap Meltdown | TOTAL Analysis October 12, 2022 Why A Reversing Dollar Means Upside For Crypto A potential reversal could be in progress on the DXY Dollar Currency Index. The strength of the dollar has been what has beat up the stock market and crypto over the last several months. With the dollar losing a Relative Strength Index support line and confirming it as resistance just as a potential high timeframe evening star reversal forms on the DXY 2-week, Bitcoin has a chance at reversing as well. Upon layering in BTCUSD behind the DXY, we can see immediately why a reversal in the DXY could be beneficial for Bitcoin. All while the DXY is potentially topping out, the 2-week Bitcoin line chart is breaking out from a falling wedge pattern. With less than 7 days left to go on the 2-week timeframe for both BTC and the DXY, the next week could prove to be bullish for cryptocurrencies and other risk assets as the dollar finally corrects.   The dollar breaking down could benefit crypto | Source: BTCUSD on TradingView.com Learn crypto technical analysis yourself with the NewsBTC Trading Course. Click here to access the free educational program. Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

It all started 3 days ago when Vitalik ( one of the founders and the most popular person related to Ethereum ) tweeted this: https://preview.redd.it/xrsxwiwfzeu91.png?width=588&format=png&auto=webp&s=2f05ce9c594b0d05a2feaf2d27d3947b952b808f It was a joke. A pretty clear one. But we all know what happened EXACTLY at that moment. Somebody literally created the project within hours. and he just realized it…
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