Messaging apps are everywhere – over 3.1 billion people around the world use them, sending more than 140 billion messages every day. Their ubiquity, size, and the value they deliver to their users have often converted into stratospheric market valuations: Whatsapp was acquired for an unprecedented $19 billion in 2014, after being launched only 5…
Details
Bitcoin price extended decline below the $60k support against the US Dollar. BTC could extend losses towards $55k in the coming sessions. Bitcoin started a fresh decline below the $65k and $62k support levels. The price is now trading below $60,000 and the 100 hourly simple moving average. There is a key bearish trend line…
Details
AMC Theather, the largest movie theater company in the world, announced that they will be accepting Shiba Inu (SHIB) as a payment method through Bitpay, becoming their first client to do so. The company has been working on accepting diverse cryptocurrencies as payment methods for a while and now offers to do so through PayPal,…
Details
El Salvador had made history when it became the first sovereign nation to make bitcoin a legal tender. The September 7 official adoption had sent the entire space into jubilation as it had marked a significant stride for BTC. Barely a teenager, the digital asset had grown from being a relativity unknown internet coin to…
Details
Data can only move as fast as the tool that is powering it. This week, an announcement from Deloitte and Ava Labs looks to streamline federal emergency funding applications. Deloitte will be leveraging the Avalanche blockchain “to help state and local governments easily demonstrate their eligibility for federal emergency funding.” A Much Needed Solution For…
Details
Yesterday, funding rates fell below zero in a market sentiment reset as Bitcoin’s price declined following its new all-time high. Bitcoin Funding Rates Briefly Fell Below Zero Yesterday As per the latest weekly report from Arcane Research, the funding rates have plummeted following a spike around when BTC made a new ATH. Yesterday, they briefly…
Details
China has issued a warning to its state-owned enterprises to stop cryptocurrency mining. It also warned that it would increase electricity rates for companies that continue to defy the ban. This latest warning comes amid the ongoing crypto ban in the East Asian country. Some months ago, the government of China declared all crypto trading…
Details
VanEck has had a rollercoaster of a month with its Bitcoin ETFs. After three Bitcoin Futures ETFs were approved by the Securities and Exchange Commission, Spot ETFs became the next big thing as they posed a greater advantage for traders. However, this would prove to not be happening anytime soon as the VanEck Spot Bitcoin…
Details
Blood has been shed as Bitcoin dropped below $60,000 once again and hints at more downside. The first crypto by market cap trades at $60,800, as of press time, with a 5% loss in the daily chart. BTC crashing in the 4-hour chart. Source: BTCUSD Tradingview Although it has seemed some recovery, Bitcoin registers a…
Details
NFT is definitely one of the main buzzwords of today: non-fungible tokens are used more and more widely in multiple industries, artists create new collections regularly, and NFT popularity and market value are growing steadily. However, it has become quite difficult to find true gems among the plethora of NFTs collections, so we have prepared…
Details
