PRESS RELEASE. When it comes to the cryptocurrency industry, it is absolutely vital to be able to convert one cryptocurrency, token or coin for another in an effective, seamless and easy to understand fashion. After all, it is this conversion ability that makes the crypto sector so attractive, as individuals often want and need the […]
Aleo will use the funds to support developers in building applications within its private and scalable platform.
The BSV association and SDA will collaborate through the new blockchain academy in Riyadh to provide blockchain learning and development resources.
Yorke E. Rhodes III is Cofounder of Blockchain Microsoft and Principal Program Manager Azure Blockchain Engineering. He had this interesting view point: web2 engineer challenge IF (you open source your most precious code AND add a $13M bug bounty to it AND run it on a VM on a distributed state machine AND you can…
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Tesla recorded $101 million of impairment losses on Bitcoin in 2021, with the carrying value accounting for $1.26 billion.
Cryptocurrencies are seeing a significant recovery as investors take advantage of the recent stock market rally and increased risk appetite. Bitcoin hits its highest in two weeks, extending gains from earlier this week that had seen it climb to $41,938 per coin on Saturday morning (Jan 24th). Related Reading | Bitcoin mimics stocks rally, hits two-week high Bitcoin, the largest digital currency globally, has hit $41,938. It is 16% high from Thursday’s low and 27% from the current year’s low of $32,950. Ether, the second-largest digital currency, has scaled new heights, reaching $3K for the first time since January 21. Bitcoin recorded its biggest single-day gain since mid-June as fears of faster than expected Fed rate hikes led to an increase in inflation, with the cryptocurrency also being roiled by technological innovation. However, Friday’s 11% rise was enough to consider haven against this trend and get some positive press at least until Monday when everything will likely go back down again. Bitcoin Price Recovery: Thanks to Amazon Despite a long week of volatility from earnings, US stocks ended the week strong. The tech-heavy NASDAQ secured gains thanks to Amazon’s robust growth and Facebook owner Meta Platforms’ disappointing results that evening gave them more confidence in their business models moving forward. Related Reading | Amazon Strong Growth Attributed to the Cloud Despite Retail Headwinds Bitcoin has moved seamlessly into the mainstream. That resulted in investors looking to get in on the action when risk appetite is low. Ed Hindi, Chief Investment Officer of Tyr Capital, said; “The current panic and volatility surrounding bitcoin are based on a fundamental misunderstanding of it as an asset class. When valuations on the Nasdaq fall, misguided institutional investors start liquidating bitcoin positions en masse as if it were a tech stock.” The recent rise in the stock market has given other listed crypto assets a boost. As a result, some currencies even reached new highs. BTC Price Prediction Though prices for Bitcoin have seen a significant drop in the last week of January and were sitting at 47% of their all-time high, the cryptocurrency recovered slightly after reaching a low of $33K on Jan 24, 2022, and is worth about $42k. Buy, sell and hold? Analysts are split on whether or when to buy cryptocurrency. But more than half believe this is a good time for buyers, with only 45% disagreeing. The experts from the top fintech companies predict that by the end of 2022, bitcoin will reach an all-time high of $93,717 – more than 24K dollars higher than its current all-time high price. This is a great time to invest in cryptocurrency. Experts predict that by the end of 2025, bitcoin will trade at $192k and mount up over 300% from its November 2021 peak and reach nearly half a million dollars by 2030. While these predictions may seem lofty goals at first glance, they’re significantly less than what experts predicted back in July 2021 when their last forecast said bitcoins prices could reach 265k or 706K, respectively. Featured image from Pixabay, chart from TradingView.com
The Nigerian blockchain advocacy group, the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN), has said crypto is legit and must be regulated. The group adds that any such regulation should on one hand encourage innovation, but discourage bad actors on the other. Equal Access to Banking and Financial Services The Nigerian blockchain advocacy group, […]
TA tries to capture market psychology and sentiment by analyzing price trends and chart patterns for possible trading opportunities, but it's misguided and lacks a theoretical basis. When put to scientific tests it doesn't hold up against empirical evidence. Analysts consistently looking at different indicators and hedge their analysis. Often going BACK to data and…
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The potential for a retracement below $40,000 is a real possibility, analysis warns, while funding rates remain encouragingly low.
