Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Warren Buffett-Backed Nubank Launches Crypto Trading — Holds Bitcoin on Balance Sheet

Warren Buffett-backed Nubank, one of the world’s largest digital banking platforms, has launched cryptocurrency trading. Starting with bitcoin and ether, the bank explained that its 54 million customers can “buy, hold and sell cryptocurrency all from the same app, with no need to open new accounts or transfer money.” Nubank Now Offers In-App Crypto Trading […]

How Long Will The CryptoWinter Last? Cardano Founder Provides Answers

It is evident that the market has now officially welcomed a cryptowinter. The market prices of various digital assets show this. However, as is expected, investors in the space are wondering how long this cryptowinter is expected to last. Goin by previous markets, it could be that the market is in for the long haul but Cardano founder Charles Hoskinson has provided his thoughts on how long he believes the bear will stay. Prepare For Months Of Cryptowiner With the price of major cryptocurrencies such as Bitcoin and Cardano down, speculations abound about when the bottom of the market will be reached. Mostly, the negative sentiment that has washed across investors in the space has not done much to help things as the prices continue to decline as a result. Nevertheless, this has not stopped some from trying to pinpoint when the market will reach its inevitable bottom. Related Reading | Bitcoin Funding Rates Remain Unmoved Despite Plunge To $30,000 Addressing the market in a new twee, Cardano founder Charles Hoskinson has presented what he believes will happen to the market. The tweet that he starts out by welcoming those who this was their first cryptowinter also went further to put a timeframe on it. For the Ethereum co-founder, he believes that this downtrend will continue for weeks to months.  “If this is your first cryptowinter, then welcome,” said Hoskinson. “Been through many since 2011 and they always hit like a cold ice bath. We are in the panicked blood in the street phase. It clears in weeks to months as a bottom is found. Then a long climb up the ladder.” ADA Continues To Suffer Of all the digital assets suffering through cryptowinter, Cardano (ADA) has been one of the hardest-hit coins. The digital asset which had made its all-time high of $3.10 last year off the back of the launch of smart contract capability has shed most of that value by May of 2022. Data from Messari shows that the digital asset is currently down 85.39% from its all-time high. ADA trading 85% below ATH | Source: ADAUSD on TradingView.com Once bears had pulled the cryptocurrency below the $0.5, it seems all hope was lost for it to ever recover back to the coveted $1 level. What this had meant was the asset was now trading significantly below its 50-day moving average, an important indicator for short-term movement. Related Reading | Bitcoin Selloff Provides Boost To Miner Fee Revenues In the longer term, ADA continues to perform poorly. Sentiment has now skewed completely in favor of selling, making this a seller’s market. ADA investors have not been spared the bloodbath either as it is now one of the worst-performing in terms of profit, with more than 70% of investors holding bags of losses. The digital asset is trading at $0.454 at the time of this writing. Featured image from Cointribune, chart from TradingView.com

Analysts say Ethereum price must hold this key level to avoid a capitulation-level move

Traders identify key support and resistance levels that Ethereum must hold as ETH price trades at levels not seen since July 2021.

Electrifying Live Casino Game XXXtreme Lightning Roulette in Exclusive Early Access

Play the brand new XXXtreme version of one of the most popular live casino games at Bitcoin.com Games; Lightning Roulette by Evolution! Now in Exclusive Early Access with a $ 2,000 Tournament Live casino games are a prime example of the new generation of casino games you can expect from Bitcoin.com Games. The live casino […]

pay your spouse/partner the respect they deserve and be open about your crypto holdings

We very often see the "advice" on this sub about not being open about your holdings and what you put your money in. You often say to not tell family and relatives about it and I understand that to an extent. I don't tell my parents, siblings and such about it either because they wouldn't…
Read more

I turned my mother in law’s 1000$ to 1$

So As the title says pretty much, as a true gentleman, she insisted and I could not refuse, I took her money, put it (you know where) and just under a few months managed to turn it to 1$ When they said, never invest friends and families money, did I listen? No. Do I regret…
Read more

10 years ago the point of cryptocurrency was to be a P2P electronic cash that anyone in the world could use, a decentralized currency that no one can stop you from using. Are there any current projects that reflect this original design?

I like the idea of a fully decentralized p2p e-cash, is there anything that still resembles this vision? After reading the bitcoin whitepaper which outlines how bitcoin was supposed to work, crypto seemed really cool. But the vision of BTC is long dead and it no longer aims to be what it was designed to…
Read more

Shanghai court affirms that Bitcoin is virtual property, subject to property rights

A district court in Shanghai ruled for Bitcoin owner’s right to compensation in case involving unpaid loan and decided on Bitcoin legal status in the process.

Look out below! Ethereum derivatives data hints at further downside from ETH

ETH options pricing and the top traders’ long-to-short ratio signal a lack of confidence in the $1,700 support.