Month: May 2021

Bitcoin Could See $50,000 Again if This Pattern Holds Up, Says Fundstrat

Bitcoin could be on track to revisit the $50,000 level despite recording its third-biggest monthly drop in its entire history, according to Wall Street research firm Fundstrat. The flagship cryptocurrency is in the middle of forming the inverse head and shoulders bottom pattern. Image by @zGuz Fundstrat’s Tom Lee says that the fact that Bitcoin

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Betoffcoin cryptocurrency exchange has added support for the Russian language

Bitcoin exchange Betoffcoin has added support for the Russian language. This was announced by the marketing director of the cryptocurrency exchange. The exchange has translated the trading interface and some of the reference pages into Russian. News and announcements of the exchange will also be published in Russian. CEO Betoffcoin said that in the near

Brave Co-Founder: ‘User Choice’ At Heart of Crypto Web Domains

Two weeks ago, privacy-focused browser Brave added support for decentralized domain names from Unstoppable Domains. Executives from both companies told Decrypt that the advantage of the decentralized web is that it restores control over the internet to its users. “If you eliminate the custodian of your domain name and your web content, you put the

BitMEX and Human Rights Foundation Grant $150,000 to Researcher Scaling Bitcoin

Crypto exchange BitMEX has renewed a $100,000 grant for Bitcoin researcher Calvin Kim for another year. Kim also received additional funding worth $50,000 from the Human Rights Foundation. Kim is working on MIT’s Utreexo Project, which aims to help Bitcoin scale for years to come. Bitcoin’s state size—a database that details who owns what—generally increases

Average Bitcoin Transaction Fee Hits Lowest Level Since January As Market Cools Down

Average Bitcoin transaction fees have sunk to lows of $7, according to data from blockchain analytics site BitInfoCharts. Fees haven’t been this low since January. The Bitcoin blockchain charges a fee for each transaction and distributes the proceeds to miners. Fees rise when demand for processing transactions outstrips the supply of miners. On April 21,

Bitcoin Closing in on Biggest Monthly Dip Since 2011

Bitcoin is down over 36% in May with hours left until the monthly closing. Ethereum has dipped 9% this month. Bitcoin’s Big Correction Bitcoin looks like it’s about to close its biggest monthly dip since 2011. Bitcoin is down 40% from record highs recorded in April, while Ethereum is roughly 42.4% off its all-time high.

Cardano Only Major Coin in the Green This May as Bitcoin Eyes Historic Drop. Here's How Other Top Altcoins Have Performed

Bitcoin is on track to record one of the biggest monthly drops in its entire history. The cryptocurrency is currently trading at $36,750 on the Bitstamp exchange, down roughly 36.5 percent from the monthly open. This would mark the third-biggest price plunge ever (behind only September 2011 and November 2018). Image by tradingview.com The cryptocurrency

Singapore Bank DBS Issues $11.3 Million in Blockchain Bonds

Southeast Asia’s largest bank, Singapore-based DBS, has become the latest bank to issue a bond on the blockchain . Issuers hope that couching traditional securities in a crypto framework can make them easier to trade. The process also allows for fractionalization; cutting up bonds and turning them into fungible tokens can make unwieldy investments a

India’s Central Bank Tells Banks Not to Rely On Defeated Crypto Ban

India’s central bank has asked banks not to cite its 2018 circular that barred them from dealing with crypto companies, and reminded banks that the country’s Supreme Court quashed the ban last year. In the April 2018 circular, the Reserve Bank of India said that banks couldn’t deal with “any individual or business entities dealing

Bitcoin Will Survive Energy Debates, Green Miner Says

Despite the increasing number of criticisms regarding Bitcoin’s environmental impact, Iris Energy Pty thinks the asset is here to stay. The Bitcoin Energy Debate Environmental debates will not kill Bitcoin, Iris Energy Pty has said. The Australian mining company, which uses renewable energy for its operations, spoke to Bloomberg amid ongoing discussions over Bitcoin’s environmental

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