Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Running a node should be easier, so I built NiceNode — Run a node, just press start

​ NiceNode main screen The current options to run a node require technical skills to open a terminal and run commands or install a new operating system. Running a node should be as simple as downloading an app. It's fully open source and the Alpha release is ready to try out! submitted by …
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Fuzzle NFT Game is Landing on Planet Earth

PRESS RELEASE. PLANET EARTH (April 27, 2022) – Gala Games has teamed up with Endless AI to introduce Fuzzle– a first-of-its-kind “living” NFT collectable, simultaneously pushing the boundaries of conversational AI and blockchain gaming through a groundbreaking interactive entertainment experience with loads of utility. Fuzzles have come to explore Earth and learn all about its […]

Berlin-based football app enters the metaverse following $300M fundraiser

The financing round was led by Liberty City Ventures, with participation from blockchain platforms and venture capital firms, including Animoca Brands and Dapper Labs.

Dogecoin Plummets As Investors’ Doubts After Musk Twitter Takeover Unfold

Investors are raising concerns about Elon Musk’s acquisition of Twitter. After soaring to a multi-week high price, the Dogecoin has crashed by 20% and is trading at $0.1381 with a total market cap of around $18 billion. In an announcement on Monday, Twitter agreed to be acquired by Tesla and SpaceX CEO Elon Musk for $54 per share. This would give the company a value of more than $44 billion. Related Reading | Dogecoin (DOGE) Struggles, Drops 9% After Elon Musk Twitter Buyout Many people thought that Musk buying Twitter would help boost Dogecoin’s momentum. For 24 hours, it seemed as though they were right until the excitement and interest quickly dissipated from all sides. Traders lost $281 million worth of “longs” to liquidation in the past 24 hours. Overall the total liquidation amount reached $350 million. This is the third-largest level in the month of April. Of that amount, about one-third ($128 million) came from bitcoin-tracked futures. While $92 million arose from ether futures. Futures tracking dogecoin lost $24 million, similar to Tuesday’s loss. Doubts On Musk’s Twitter Acquisition Some Twitter shareholders are concerned that the acquisition may not go through. For instance, their price per share is trading at $49, lower than offered ($54). In addition, the company currently has a market value of about $37 billion – $6 billion less than when this deal first began. The acquisition of Twitter by Tesla may have unforeseen consequences for the company, particularly its impact on Elon Musk. Many believe he will exit this deal by paying a $1 billion breakup fee.  China is the biggest market for Tesla, and the company has a large plant over there. So there’s a chance that if Musk tweets something unfavorable about China, the country can punish him. China has strict laws against free speech, and anyone who breaks them risks being penalized by law enforcement. The fear that Musk will not buy Twitter has caused the Dogecoin price to crash. However, it’s believed most investors think if this acquisition closes, it’ll be good news for DOGE because he vows to add them as a payment option.  Related Reading | Institutional Investors Bearish On Bitcoin, Ethereum. Here’s What They’re Buying Dogecoin Price Prediction The graph shows that the price of DOGE has been slowly dropping since it hit a high of $0.1725. This is called a double-top pattern. A double-top is usually a sign that the price will go down. The DOGE coin is now close to the 25-day and 50-day moving averages. In addition, the Stochastic Oscillator has moved above the oversold level. It means that the price will probably keep going down. The next key support level is $0.1100. If the price goes above $0.15, this will invalidate the bearish view.    Featured image from Pixabay and chart from Tradingview.com

Bitcoin network hash rate hit a new record high amid price volatility

Bitcoin network hash rate hit a new record high, seeing a 400% increase since the mining ban by China last year.

On Freedom Day, Bitcoin gives South Africans a stake in their financial future

“Freedom Day means you are free to use your own money to live your best life,” said BitcoinZAR, a Bitcoin advocate in South Africa.

Bitcoin, Ethereum Technical Analysis: BTC Rebounds, Moves Away From 1-Month Low

Market uncertainty in crypto was once again higher on Thursday, as traders continue to anticipate next week’s Fed decision. Following a drop to a one-month low during Wednesday’s session, BTC rebounded, with prices now hovering below $40,000. ETH also rallied, attempting to break out of the $2,950 resistance level. Bitcoin BTC was back in the […]

Goldman Sachs wants to ‘tokenize’ real-world assets: report

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Cashing out Bitcoin to save a dog’s life from cancer is 'the moon for us'

A Redditor from the United States cashed in on all of their Bitcoin to pay for their dog, Derby’s cancer treatment.