Category: Cryptocurrency News

A week-long pattern of daily lower highs suggests bulls will be unable to flip $43,000 to support and this could weigh on the fledgling recovery seen across many altcoins.

CoinCorner, a UK-focused bitcoin exchange  company, announced that it is now carbon-neutral. The carbon-neutral project was conducted by the company’s in-house research team and aims to offset all emissions produced by CoinJar, both directly and indirectly. “The Bitcoin industry has received criticism over the years with regards to the energy usage around Bitcoin mining. Bitcoin…
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Bitcoin payments are gaining traction as the asset price has grown. With El Salvador making the cryptocurrency a legal tender, it is only a matter of time until other countries follow in its footsteps. Making the implementation of BTC payments important for companies who want to stay competitive in the long run. Major outlets have begun to accept crypto payments. The latest of these has been AMC Theaters, which announced that it was going to begin accepting payments in various cryptocurrencies by the end of the year. This will enable theatergoers to pay for their tickets and concessions using Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, with the addition of Dogecoin currently in the pipeline. Now joining the ranks of institutions accepting BTC payments is technology company Verifone. Related Reading | JPMorgan CEO Doesn’t Care If Bitcoin Grows 10X In Five Years Bringing Bitcoin Payments To The Forefront Thanks to a recent partnership, Verifone has now brought bitcoin payments to thousands of merchants across the United States. The company which is known for producing payments processing technology is now bringing a new solution to its users. Verifone is one of the largest suppliers of credit card reader machines in the world. With its already established notoriety, it is now enabling the merchants who use its payments technology to accept cryptocurrency payments. BTC price falls to $41K | Source: BTCUSD on TradingView.com Verifone partnered with Bitpay in order to merchants who desire to accept bitcoin payments. Bitpay will mitigate volatility issues by directly sending the BTC payments straight to the merchants’ accounts via fiat currency. This means that when a user pays for a good or service using bitcoin, the equivalent dollar amount of the bitcoin collected will be automatically deposited into the merchant’s bank account. BitPay is one of the leading crypto payments processors in the world and with over 30,000 bitcoin transactions processed every month, it puts it in a prime position to help Verifone bring this service to the public. Buy And Pay How You Want Being able to spend bitcoin has been a pain point for the industry since day 1. Due to this, the digital currency has been mostly relegated to being just an investment asset rather than being used as an actual real-world currency. But growing popularity among users has prompted companies to start considering and accepting, BTC payments for the goods and services which they offer. Related Reading | Over $5 Billion In Bitcoin And Ethereum Moved From Cold Wallets Amid China Crackdown Verifone has stepped up to take on the mantle of making bitcoin transactions easier and seamless. According to Mike Pulli, CEO of Verifone, the company has received massive interest for its latest offering. Explaining that the company already has a backlog of merchants who are interested in implementing BTC payments. “There’s lots and lots of interest. I think our phones will be ringing off the hook,” Pulli said. Although the company is yet to disclose which merchants are going to be accepting BTC payments, Pulli explained that the partnership was made in a bid to give consumers more options. “If they decide to buy a pizza with Visa or AmEx or crypto, we don’t care. We just want to give them the flexibility to pay the way they want to,” the CEO said in an interview. Featured image from Investopedia, chart from TradingView.com

The cryptocurrency market is trending bearish on the short-term, keeping Bitcoin and Ethereum prices at bay after an enormous Q1 2021 rally. But there is no telling if the bull market is officially over, or if a bounce could materialize into a larger recovery. An ascending triangle pattern and long-term trend line could provide a clue as to what might happen next, and it just so happens to match a pattern from the last cycle that took Ether to its bull market peak. The Ethereum Fractal That Could Keep The Bull Run Climbing Ethereum’s recent local top set back in April around $4,400 might not have been the bull cycle peak, according to a potentially bullish structure forming with each retest of support lower. Although the ETHUSD trading pair appears rather bearish and sentiment is at extreme fear, the altcoin is setting a higher low on daily timeframes and remains more than $1,000 more than lows set only months ago. Related Reading | Build Base Or Bust? Bitcoin Touches Down On Parabolic Support The structure of higher lows and rising support, capped off by the same resistance level several times, could have painted an ascending triangle pattern on the trading pair – a chart pattern that almost exactly matches a mid-cycle retracement during the last bull run. Will the ascending triangle pattern produce similar results as last time? | Source: ETHUSD on TradingView.com All About The Ascending Triangle Pattern An ascending triangle is a bullish chart pattern that can either appear at the bottom of a trend as a reversal, or at the mid-point of a trend as a continuation pattern. When these bullish patterns breakdown instead, the fake out can be deadly. But if support holds and resistance is taken, a large move to the upside occurs. An ascending triangle pattern is what put in the Bitcoin bear market bottom, and it was also the last pattern crypto traders saw before Ethereum soared from $380 to $1,400. Related Reading | Why Bitcoin Bears Might Not Get To Buy New Lows $380 remained a key resistance level all throughout the bear market, and a retest of the level is what sent the cryptocurrency flying to $4,400 this most recent time. The target of this structure based on the measure move would result in nearly $10,000 per ETH, but another tap of the trend line that caused the last peak, adds another $4,000 to that target. But this is all predicated on the bottom ascending trend line holding, and an eventual break of resistance following. Without the confirmation, the pattern will be invalidated, which could result in a much steeper drop instead. Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

Is there a way to buy Eth directly into a layer 2 solution to avoid having to pay gas for a bridge fee? In particular optimism or arbitrum would be ideal. submitted by /u/bryanjohnson1977 [link] [comments]

submitted by /u/zeroknowledgeproofs [link] [comments]

I'm trying to assess the risk of using LIDO for staking ETH, to generate stETH. It seems like a good deal (almost too good), but have a hard time weighing the added risks. What are people's experience, thoughts? submitted by /u/solled [link] [comments]

CELR soars to a new all-time high following the launch of its cross-chain bridge that allows traders to jump back and forth between various layer-1 and layer-2 platforms.

“Litigation will expose this case for what it is: a clumsy attempt at a money grab, which recklessly harms the whole cryptocurrency ecosystem,” said Tether.