Voyager Digital temporarily suspending trading, deposits, withdrawals and loyalty rewards
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Traders expect Bitcoin to swoop below its swing low before the price flattens out and altcoins begin to recover.
Peng Zhong stepped down as CEO roughly a month after former company head Jae Kwon said he would be leading NewTendermint, part of Ignite’s split to two firms in May.
I got a new phone today and what I feared has come true. I had Google authenticator on my old phone for 2 factor authentication on multiple accounts. I asked the sales people if my authenticator would keep everything in tact if we did the "smart switch" process, where they move everything from the old…
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On Wednesday, it was reported that the crypto hedge fund Three Arrows Capital (3AC) was liquidated by a British Virgin Islands court and following the alleged liquidation, the Monetary Authority of Singapore (MAS) has reprimanded 3AC for misleading regulators. Furthermore, reports claim that liquidators in Singapore are attempting to seize the properties owned by 3AC […]
Binance, Ripple and Kraken are hiring, while Coinbase, Gemini, and Crypto.com have announced staff cuts.
The Monverse gameplay is a highly engaging and intriguing playing activity,specifically assigned for a wide array of users and players across the blockchain. The gameplay on the Monverse project is divided into two types: For naive players: Casual Gameplay For expert players: Hardcore Gameplay Casual Gameplay https://preview.redd.it/o81q45oaqz891.jpg?width=1050&format=pjpg&auto=webp&s=90ec8eb313517488437eb67f19b387f13786cd74 The casual gameplay is designed, keeping…
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The addresses mainly run by active human traders have notched more than 147,000 addresses for the first time since November.
Bitcoin has been setting new record trends with the bear market. This follows a bull market that had also deviated largely from its predecessors, so it comes as no surprise that the subsequent near market mirrored this behavior. Various new trends in bitcoin’s movement have cemented a bearish picture for the digital asset, and the latest in the line of records has only done more to cement this sentiment. Worse Quarterly Close In More Than A Decade Bitcoin has been in existence for about 13 years and in that time, the barely teenage-aged market has recorded its fair share of bad quarterly closes. However, in the last 11 years, none have been as brutal as the close that was recorded on June 30th. After a month of incredibly volatile prices, the month had closed out the quarter with three consecutive red monthly closes. Related Reading | Bitcoin Enters Hibernation Mode As Network Activity Lulls This comes hot on the heels of the market crash that had rocked the market this year. Bitcoin which leads the market had fallen about 60% from its price at the beginning of the quarter and had brought down the entire market with it. This had seen the crypto total market crash drop below $1 trillion for the first time in a 16-month period. The digital asset had closed the month at $19,918 after entering the month with an average price of $30,000. This had dashed the hopes of investors and the decline has left in its wake a number of events that continue to threaten the prices in the cryptocurrency market. BTC struggles to hold $19,000 | Source: BTCUSD on TradingView.com Bitcoin Investors Are Not Impressed Even though predictions had been incredibly bullish for the year 2022, it has since gone sideways. This has triggered investors to move their funds out of the market for fear of incurring more losses. Also, following previous historical trends, it remains highly possible that the digital asset may crash more before there is any significant recovery. Related Reading | Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish Looking at the indicators, it shows that bitcoin has struggled to hold the important technical levels required for a recovery in the short term. It has been trading below its 200-week moving average for the first time in history, and this has deepened negative sentiment in the market. Although the digital asset has been moving away from established historical trends, there is still a high chance that it follows some of the previous market movements. One of these is when the bottom is usually in. Sticking to this would mean that the price of bitcoin will likely touch as low as $12,000 before the next bull trend resumes. Featured image from Coin News, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
PRESS RELEASE. Broxus, the core development team behind many of the platforms that make up the Everscale network ecosystem, will be hosting its first-ever hackathon in Belgrade, Serbia from July 14-17. The hackathon is the latest development in what has been a remarkable 2022 for the Everscale network. Everscale started off the year with its […]