Category: Cryptocurrency News

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On Tuesday, Fort Worth mayor Mattie Parker and Fort Worth revealed that the city is now the first U.S. city government in the country to mine bitcoin. According to the announcement, the city of Fort Worth has partnered with the Texas Blockchain Council to embark on the crypto mining endeavor. The City of Fort Worth […]

BlueWhale0073, an Ethereum investor, continues to invest in Shiba Inu, purchasing 219 billion meme tokens. The whale also made a purchase of 50 billion SHIB on 20th April. His most recent acquisition of the canine cryptocurrency is almost 5x bigger than the one made last week. WhaleStats has confirmed that an impressive amount of SHIB (219,332,229,787) equivalent to $5,454,792 was sent to the whale’s wallet. He had earlier added 86 billion SHIB worth $2,111,500 to his wallet on April 23.   Related Reading | Dogecoin (DOGE) Jumps 30% After Elon Musk Buys Twitter The owner of the “BlueWhale0073” wallet is one of the biggest buyers of SHIB. The whale has bought over 2 trillion Shiba Inu between April 10 and April 23.  However, the transaction page shows that the whale has already sold most of his SHIB tokens, leaving him with less than one billion Shiba Inu — 906808367.54 worth $22,010. As per the wallet page, 90% of its inflowing and outgoing cryptocurrency comes from SHIB. BlueWhale0073 is not the only Ethereum whale investing in Shiba Inu; other whales have been buying up the meme coin recently. For example, on April 25th, whale “Bombur” acquired 52 billion SHIB worth $1,178,967. Following Dogecoin, SHIB Also Increased by 10% The Shiba Inu rose 10.09% on Monday following a massive surge in Dogecoin. DOGE had skyrocketed after reports that Twitter had accepted Elon Musk’s bid to buy the social media giant. The news of Elon Musk’s purchase on Twitter saw Dogecoin spike over 13% in minutes. After these pumps, the billionaire had officially confirmed it, prompting money to pour into Dogecoin. The price of Dogecoin has continued to rise in value, with the past 24 hours showing an increase of around 32%. The coin is currently trading at $0.164.  Dogecoin maintained most of its gains, but SHIB has already lost a portion of yesterday’s profit. Shiba Inu is currently trading at $0.00002413.   Related Reading | TA: Ethereum Reclaims $3K, Can The Bulls Clear This Key Hurdle Shiba Inu Creates New Burn Mechanism To Get Reward The creators of the SHIB coin have released a burning mechanism that allows token holders to burn their tokens while earning passive income. If investors want to burn their SHIB tokens, they can use the Shiba Inu burning portal. This will send their tokens to a burn address, where they will be lost forever. This effectively introduces a way to reduce the total number of tokens in circulation, making them scarcer and more valuable. Featured image from Pixabay and the chart from Tradingview  

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BTC price fell below $38,000 as tech stocks sold off and traders watched cautiously to see if Bitcoin can hold its “macro-level support” zone.

Optimism Foundation will launch a governance token called OP to govern protocol and network parameters, and incentivize adoption.

Today I want to try Polygon and realized that I am required to sign a message to get in. Paranoid by all the scams I'm reading about I wanted to figure out what the message is. I didn't really find a real answer yet. Is it exactly the message metamask shows me? I used remix…
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I’m a noob retail crypto investor, most of my portfolio is an Ethereum Hodl bag with no plans of selling. if this is a lame question forgive me lol. whenever i hear about a bored ape or crypto punk selling for particularly large sum of money (such as today) I feel like the crypto market…
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Data from Glassnode reveals a crossover in the Bitcoin NVT price model has recently taken place, something that has historically been bullish for the crypto’s price. Bitcoin NVT Price 28-Day Curve Has Crossed Above The 90-Day As per the latest weekly report from Glassnode, the BTC NVT price model has observed a bullish formation recently. NVT stands for “Network Value to Transaction.” The NVT ratio is an indicator that measures the ratio between the Bitcoin market cap and the network transaction volume. Generally, high values of the ratio suggest that the crypto is overvalued right now. While low ones may imply the coin is undervalued. The “NVT price model” takes the two-year median of this metric and multiplies it by the current transaction volume. “The resulting model thus establishes an implied valuation based on the current utilisation levels of Bitcoin for value settlement,” explains the report. Related Reading | Bitcoin Bearish Signal: 600-Day MA Starts To Break Down Now, here is a chart that shows the trend in the 28-day and 90-day period versions of the NVT price model: Looks like positive transaction momentum is building up in the crypto | Source: Glassnode’s The Week Onchain – Week 17, 2022 As you can see in the above graph, both the NVT price models seem to value Bitcoin at between $32.5k (90-day) and $36.1k (28-day). The two metrics also look to be bottoming out at the moment, and potentially showing a reversal. Just recently, the faster 28-day curve has crossed over the slower 90-day version. Such a formation has historically been bullish for the coin’s price. Related Reading | Specialists Expect Bitcoin Back To $65K By End Of Year, Survey Finds On the other hand, whenever the 90-day NVT price model has moved over the 28-day line , a bearish flag has gone off instead. The report notes that while the current crossover can be bullish for the price of Bitcoin, the signal does require the confirmation of time to show that positive momentum is in play. BTC Price At the time of writing, Bitcoin’s price floats around $40.5k, down 1% in the last seven days. Over the past month, the crypto has lost 9% in value. The below chart shows the trend in the price of the coin over the last five days. The price of BTC seems to have surged up over the past twenty-four hours | Source: BTCUSD on TradingView After plunging below the $39k level yesterday, Bitcoin has once more rebounded back above the $40k mark today. It’s unclear currently whether this new positive momentum will last or if it will die out just like the last few attempts. However, if the NVT price model is anything to go by, in due time the crypto may observe some real movement up again. Featured image from Unsplash.com, charts from TradingView.com, Glassnode.com