Category: Cryptocurrency News

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Bitcoin has now set a new all-time high above $67K, a price range that one would have thought impossible when the market slowed to a crawl in September. Investors across the market are back in the green after enduring a brutal month and sentiment could not be more positive. This has translated to more faith in the market as more money flows into crypto. However, hitting a new all-time high does not mean that the market stops moving. If anything, times like these are crucial for the digital asset in the long term as the market could go either way. With this in mind, Coindesk talked to market analysts to get a feel for where they see the price of the digital asset going from here. The responses were insightful, as well as bullish all around for the cryptocurrency. Full Speed Straight Ahead The market analysts told Coindesk that they expected the rally to continue. With bitcoin being so high, they did not see any reason why it should slow down now. It has long been speculated that the price of the digital asset is going hit the $100K mark by the end of the year and the analysts have echoed this sentiment. Related Reading | Blockchain Firm Chainalysis Is Adding Bitcoin To Its Balance Sheet Market analyst Ben Caselin said that the digital asset will touch this price point by the end of the year. However, he also believes that bitcoin will surge past this point given the volume of the retail money that will be pumped into the market. “All eyes are set on the $100K mark,” Caselin said. “But when retail does rush in and more funds open up to bitcoin, including physically backed ETFs, $100K is unlikely to be the end of it.” BTC recovers after flash crash | Source: BTCUSD on TradingView.com Price forecasts for the leading cryptocurrency have not tapered off. The break of the new all-time high has instead fueled further predictions for the asset. CEO of Fundstrat Tom Lee told CNBC that bitcoin could go as high as $168K by the end of 2021. Other Analysts Chime In On Bitcoin While the majority of the analysts showed a bullish stance on bitcoin, some have gone the opposite direction. BTC’s energy usage has been a cause for concern in the market and Edward Moya, Senior Market Analyst at Oanda, says that soaring oil & gas prices could see Bitcoin’s energy usage brought under increased scrutiny over the next few months. “Governments might take harsh stances if this winter leads to shortfalls in energy across several countries and that could mess with the hashrate,” said Moya. This stance makes sense when we take a look at where the majority of the hashrate comes from presently. Related Reading | Bitcoin Leads Charge Of Large Cap Altcoin Dominance In October Data shows that North America now has the highest hashrate after miners were forced to exit out of China during the crackdown. With winter approaching and the populace requiring more power for heating, BTC’s energy usage will likely be queried. But given states’ stance on crypto over the last couple of months, this will not be much of a problem for the crypto. Featured image from Finextra Research, chart from TradingView.com

Dragon Kart, an innovative 3D play-to-earn battle racing game built on Binance Smart Chain (BSC), has announced the successful closing of an oversubscribed $1.1 million funding round. The raise was led by Bigcoin Capital and LuaVentures, with participation from TomoChain, Signum Capital, NGC Ventures, Shima Capital, AU21, Kardia Ventures, LaunchZone, VBC Ventures, BSC Station and individual investors from Digital Strategies and Everse Capital. Dragon Kart combines interactive gameplay with DeFi and NFTs to offer users a free, fun, and skill-based opportunity at earning rewards for their performance. Dragon Kart’s gameplay includes racing battles including PvC, PvP, and tournaments. The characters in the game are taken from a Pikalong comic series by well-known Vietnamese artist Thang Fly, who boasts an impressive 1.4 million followers on Facebook. Pikalong is a staple in Vietnamese culture, having been read by millions of households and now being front and center in Dragon Kart. The company’s native token, $KART, will be built on BSC and be used for all DeFi activities such as staking, farming, and lending. $KART tokens are used as the payment fuel for all transactions on the NFT Marketplace. For token holders with an increasing amount of locked tokens, they will benefit from a  higher rating/ranking to open valuable NFTs. In the future, the platform will charge players with $KART tokens for NFT renting services. BSC will help users save on fees and help enhance the overall in-game experience. The game will also turn assets, such as Kart Cars, characters, and weapons, into NFTs – while offering a marketplace for users to buy, sell, and swap items. Dragon Kart’s CEO Pham Van Phuong says, “We are excited to have the support of an amazing group of investors that will help share Dragon Kart’s vision with gaming communities around the world. Dragon Kart looks to inspire an innovative experience for gamers and traders looking to earn rewards and have fun at the same time.” Dragon Kart team brings over a decade of experience as developers, entrepreneurs, blockchain specialists, and gamers. The team’s advisory board includes leading blockchain professionals such as Long Vuong (TomoChain), The Nang (LuaVentures) Thanh Dao (LaunchZone), Kyle Nguyen (VBC Ventures), and Logan (LaunchZone). Dragon Kart’s MVP is currently available, giving users a chance to test the private demo by joining Dragon Kart’s social channels. Dragon Kart will soon be announcing more details about their upcoming IDO and public sale rounds. More information can be found on the company’s official Telegram channel and website.

I'm trying to transfer eth from the address I've been mining to into coinbase to sell and I've encountered the nightmare scenario I try to send and get back an error "could not decrypt key with given password". The passwords I have written down are not working, for some reason I have two but I…
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Are you taking out some profits? Taking profits is always good. That’s why a lot of people (if not most) are in crypto for. To make money! Are you hodling and hoping for it to pump more? If BTC is going to hit $100k EOY, you’ll make so much more profit then selling now, right?…
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can some one help me to know how much time will this transaction take i was thinking ~180min but its taking way to long https://preview.redd.it/i7g2gairvtu71.png?width=888&format=png&auto=webp&s=93017d4f595655f7c0fb8dfbbd456254f9021d9e submitted by /u/recrassus [link] [comments]

I deposit and borrow from Aave and was wondering what if the site goes down? By decentralised, does it mean the whole site (eg: aave.com) is run on decentralised servers or does it mean they are just a ethereum/polygon/blockchain smart contract and the site only serves the UI for the user? If it's the latter,…
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