Category: Cryptocurrency News

Steve Bassi, the CEO of PolySwarm, said that gathering data on malware infrastructure shortens the lifespan of malware campaigns.

In its note to banking sector, a chief financial regulator likens virtual assets to online gambling.

The numerous ways cryptocurrency and Web3 have been beneficial to industries are sometimes underrepresented. Businesses, entrepreneurs, investors, and individuals are reaping the rewards of recent advancements in the Web3 space, and, not to be left out, the video and streaming industry is already starting to reap the benefits of its ongoing integration with Web3. With the introduction of a Watch-to-Earn concept (W2E), Web3 aims to revolutionize the video space from an industry focused on profit for corporations to one that is more inclusive. Web3 is creating a system of balance by updating a system where only creators and the big platforms earn – leaving out viewers – to a more inclusive system where viewers get rewarded for watching their favorite creators on video platforms such as YouTube. How Web3 is Creating a Beneficial Ecosystem With Video Hosting & Streaming Here is where we witness the incorporation of blockchain into an estimated $80.83 billion video streaming industry. The coalition of these powerful forces will create fertile ground for the growth of a technologically-driven video streaming ecosystem, where equal opportunity for every user to become a team player exists, including viewers. In addition, bringing Web3 into video industries such as YouTube will positively revamp some foundational operational policies and norms. The following benefits will accompany the introduction of Web3 to the video industry: Decentralization: transactions are over a decentralized network due to blockchain technology which is a feature of Web3. Autonomy: the platforms will be free of control by the government and corporations as transactions will be conducted over a decentralized network where each individual involved has control over their assets. Abolishment of third-party data selling: with the introduction of Web3 to video streaming, there will be no need for third parties since it is a decentralized network. Hence, users’ data will be secure from infiltration or risks of getting sold. Free speech: content creators and viewers will express their opinions without being threatened since each user has equal rights. Absence of arbitrary censorship: passing purposeless censorship on content will be curbed with the incorporation of Web3 into the video industry, since no entity or individual holds centralized power. W2E: XCAD Seeks to Reward Creators and Viewers on YouTube The intersection of Web3 and video streaming will be made feasible with W2E technologies such as XCAD, which gives users an opportunity to earn passive income from an activity that most internet users do every day. XCAD’s browser plugin works on YouTube to reward users with cryptocurrency as they use the platform. XCAD allows creators to create and distribute customized crypto and NFT tokens to their fanbase that can sell on trading platforms. Viewers will also earn cryptocurrency tokens for streaming videos on YouTube from their favorite content makers. Crucially, as in the case of XCAD Network, these Web3 technologies can work hand-in-hand with existing platforms like YouTube and Twitch, delivering their own features without disrupting or competing with the existing platform. Final Thoughts The system Web3 is creating for video platforms will tremendously impact the outdated ways and breathe an air of newness into the video industry. Building a community where creators and viewers can earn cryptocurrency passively from everyday activity, without undergoing confusing procedures, is a game-changer for video content platforms. With the advent of Web3, video hosting and streaming can be fair and decentralized; a winning concept on all fronts.    

On July 21, 2022, at 2:14 p.m. (ET) at block height 745,920, Bitcoin’s mining difficulty dropped by 5.01% outpacing the last two epoch changes. The latest downward shift makes it 5% easier to find blocks than it was during the past two weeks, and roughly 8.77% easier since June 22. It’s Now 11.39% Easier to […]

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Bitcoin price is attempting its first major recovery since plunging below $20,000 per BTC during the recent crypto market contagion. A hidden bullish divergence could indicate that although the selloff was extreme, bulls have been lying in the wait and will soon begin to charge. Here is closer look at the potential bullish continuation signal on BTCUSD weekly price charts. Crypto Bulls Lie In Wait, Soon Could Be Ready To Charge Bitcoin became a household name in late 2017 after reaching nearly $20,000 per coin and sent the entire crypto market on a historical bull run. After a long bear market, prices were expected to appreciate significantly. The now infamous stock-to-flow model projected the top cryptocurrency to have reached well over $100,000 per BTC by now. Yet instead, prices retraced back to 2017 levels. Many altcoins corrected back to prices from 2013. Related Reading | How Weekly RSI Could Suggest The Bitcoin Bottom Is In Although the selloff took more than 74% out of the price of Bitcoin, patient bulls may have been waiting and planning their next move. A hidden bullish divergence on BTCUSD weekly RSI has formed from the Black Thursday low that took the leading cryptocurrency to under $4,000 per coin. The plunge back then acted as a spring resulting in the 2020 bull run and new all-time highs throughout 2021. With a potential continuation signal on the weekly RSI, is Bitcoin ready to pick up where it left off? The weekly RSI reached the most oversold conditions ever | Source: BTCUSD on TradingView.com Does This Bitcoin RSI Hidden Bullish Divergence Signal “Continuation?” The weekly Relative Strength Index is exhibiting a potential hidden bullish divergence. In the example above, it demonstrates that an indicator makes a lower low, while price action makes a higher low. This type of behavior is typically indicative of continuation in the primary trend – which for Bitcoin has almost always been up. The same weekly RSI has also reached the most oversold conditions in the cryptocurrency’s short price history. Even better for bulls, the RSI has risen back out of oversold territory and above a reading of 30. The chart above also depicts the RSI potentially breaching the RSI-based moving average. Related Reading | Bitcoin Weekly RSI Sets Record For Most Oversold In History, What Comes Next? If Bitcoin is to continue its bull run and pick up where it left off, the first major zone to reclaim is $29,000. If BTCUSD can reenter the multi-year trading range, bulls could take a shot at the other side of the range near 2021 all-time highs. But it all depends on this bullish divergence confirming, which is only something we’ll truly know in hindsight. Weekly #Bitcoin RSI analysis could suggest a bottom is in. What do you think? pic.twitter.com/JSdUlbCo3j — Tony “The Bull” Spilotro (@tonyspilotroBTC) July 19, 2022 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

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Avalanche (AVAX) trails behind the plunge of Bitcoin (BTC), has also shaved 6% off its price in the last 24 hours. On the brighter side, AVAX/USD is looking solid and rising following yesterday’s plunge which suggests a correction before a potential uptrend. AVAX is currently trading at $25.10, up 7 percent in the last seven days, data from Coingecko show, Friday. But people should be on the lookout for the $25 zone. If the price can go back to that level or above that range, then there is a high probability for a bull run.    Suggested Reading | Binance Coin Trading Volume Up 35% As BNB Spikes To $274 Will AVAX Continue Its Retracement Or Maintain An Upside? A week ago, AVAX was seen to have bounced back following its wedge formation. A breakout was also hinted following a strong consistent rally. Now, Avalanche was able to run a strong breakout right above the resistance line. It was a robust upside but quite limited following its recent pullback. It had its weekly high set at $26.30 but maneuvered a slight retracement showing the current market condition. So, the question now is if AVAX will continue its retracement or go all-in with its upside? The recent breakout of AVAX is a positive sign that the price has surpassed a pivotal restriction point. The most recent reversal of AVAX happened right after the Money Flow Index (MFI) has intercepted the distribution zone. There was an amplification of selling pressure seen in the crypto market during the last few days which gave the bulls some breathing space following their latest run. However, this deprived them of the opportunity to go higher. AVAX total market cap at $7.05 billion on the daily chart | Source: TradingView.com The current retracement depicts the HODLing activity of majority of AVAX holders which could be a preparation towards bullish recovery after it slumped in June. Nevertheless, AVAX is seen to grow stronger due to its aggressive network expansion. There is a robust development activity going in which has been maintained by Avalance this July which encourages strong flow of AVAX and aptitude to maintain a ferocious price action despite pullbacks. Suggested Reading | Cardano (ADA), After 35% Spike, Locks On Next Target: $0.55 AVAX Growing Exponentially July has been a good month so far for Avalanche especially after seeing phenomenal growth in terms of NFT trading volumes. Yes, NFT trade volumes have seen exponential growth in the past two weeks which have contributed a lot of the increased demand for AVAX. More so, the absence of massive sell-off is a good indicator that the market sentiment still favors the bulls. The future is indeed very promising for AVAX especially with its formidable utility power, energy efficiency, and massive growth. Featured image from The Daily Hodl, chart from TradingView.com

Levels immediately below the current $23,000 need to hold at the weekly close for Bitcoin bulls to breathe easy, commentators warn.

Ok so, I’m planning to stake stablecoins on Zunami but I’ve been seeing a lot of FUD about USDC failing sooner or later. But, Circle CEO Jeremy Allaire responded to the USDC's concerns by providing links to multiple reports that explain how the company addresses the issues raised. According to one blog post about USDC's…
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