The fortitude of Bitcoin (BTC) holders continues to be tested on Nov. 17 as a number of attempts to push the price to $59,000 and below grow. This level has been well defended by bulls but analysts are still watching for the $63,000 level to be reclaimed as support before saying the “dip” has ended.
Month: November 2021
Israel-based StarkWare announced on Nov 16 via Twitter that it had raised $50 million in a Series C funding round, and that the firm’s valuation is now at $2 billion. Sequoia Capital was the lead investor, among other contributors. Seven months ago, StarkWare raised $75 million in a Series B funding led by Paradigm. We
In a speech published Wednesday noon, Federal Reserve Governor Christopher J. Waller reiterated his skepticism for implementing a central bank digital currency, or CBDC, in the United States. However, Waller is not an ordinary cryptocurrency skeptic, as he cites the development of genuine private-sector payment innovations, specifically stablecoins, as the reason why CBDCs are not
The crypto asset bitcoin has seen a phenomenal year gaining 261.5% over the last 12 months and the second leading crypto asset, ethereum, rose by 819.9% since mid-November 2020. However, a slew of digital currencies saw much larger gains during the last 12 months and a dozen crypto assets have gained anywhere between 7,000% to
Australian baseball club Perth Heat has announced a partnership with Bitcoin payment processor OpenNode to accept and make payments in Bitcoin (BTC). The partnership allows Perth Heat to pay professional players and staff in Bitcoin. According to the announcement, the professional sports club will send and receive payments in Bitcoin over the Lightning Network. In
A selloff in Ether (ETH) on Nov. 16 has increased the chances of ETH’s price falling below $4,000. ETH plunged 10% to around $4,100 on Tuesday, amid an ongoing market correction led by Bitcoin (BTC). In doing so, Ether dropped below its fourth-quarter upward trendline support. ETH/USD daily price chart. Source: TradingView ETH/USD also tested
Ripple, the company whose executives have often criticized the United States’ seeming lack of regulatory clarity on the cryptocurrency industry, has outlined its own “pragmatic” framework. In a Tuesday post on its website, Ripple released its vision for a regulatory framework aimed at advancing innovation while protecting investors in the United States. According to the
Polygon, a layer two scaling solution for Ethereum compatible blockchains, stated in a press release provided to Cointelegraph that it has launched its zk-STARK powered Miden Virtual Machine for the development of decentralized applications, also known as DApps. 1/7 We are proud to reveal the newest member of the Polygon family – Polygon Miden, an
In the past 30 years, the growth of the internet and digital technology has transformed the way the world operates and now artificial intelligence and machine learning continue to shift the balance of power away from physical labor and more toward a future filled with automation and smart technology. IoTeX (IOTX), a blockchain-based project focused
The VanEck Bitcoin Strategy ETF (XBTF) closed its first day of trading on Nov. 16 with “respectable” trading volume, but one that pales in comparison to similar launches. Bitcoin futures ETFs provide investors exposure to potential future prices of Bitcoin without forcing them to hold any Bitcoin themselves. At market close on the Chicago Board
Ether (ETH) traders might have a few reasons to panic after today’s 13% drop down to $4,100. The swift pullback appears to have broken a 55-day ascending channel that had a target at $5,500. Ether/USD price at FTX. Source: TradingView Those not worried about technical analysis will understand that the cryptocurrency’s 3.4% daily volatility justifies
The United States Department of Justice is planning to sell $56 million worth of cryptocurrency seized in connection with its case against Ponzi scheme BitConnect. In a Tuesday announcement, the Justice Department said it would sell the seized crypto and hold the proceeds in U.S. dollars until it could use the funds to provide restitution
Cryptocurrency exchange Binance has called for “global regulatory frameworks for crypto markets.” The company has also launched a “Crypto Is Evil” ad campaign featuring “10 Fundamental Rights for Crypto Users.” Binance Pushes for Global Crypto Regulation, Introduces ‘Crypto Is Evil’ Ads Cryptocurrency exchange Binance called for “global regulatory frameworks for crypto markets” Tuesday with a
The top cryptocurrencies by market capitalization keep changing over time as the industry matures. Solana (SOL) has seen its value skyrocket so far this year and has been consistently processing over 2,500 transactions per second. The cryptocurrency’s price, according to TradingView data, is up nearly 13,000% year-to-date as the year started with SOL trading slightly
Bitcoin (BTC) logged its worst daily performance since September as BTC price slid by 10% to under $59,000 on Nov. 16. On the other hand, the United States dollar jumped to its best level in sixteen months after spending across the American retail sector grew despite persistent COVID-19 fears and inflation concerns. The BTC price
Cryptocurrency traders are scrambling and scratching their heads after a sharp drop in Bitcoin (BTC) price triggered a market-wide sell-off that has nearly every token in the top-200 flashing red today. Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin price dropped as low as $58,609 before finding buyers who bid the price back to
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