Bitcoin Crowd Appears High on ‘Hopium’ as ‘Buy The Dip’ Trends
Pullbacks typically end with crowd chatter leaning bearish. As bitcoin nurses a weekly drop of 9%, the cryptocurrency’s social metrics indicate the retail crowd is high on hopium – a crypto slang for hopes of a quick recovery and a continued bull run. However, past data shows pullbacks or downtrends typically end when social chatter […]
Bitcoin, Ether Lose Ground as Twitter CFO Rules Out Crypto Investment, Dollar Index Hits 16-Month High
Ned Segal’s comments likely provided a reason for traders to take some risk off the table in the wake of the rising dollar and U.S. tax reporting requirement. Bitcoin, ether and other major coins face selling pressure as anti-crypto comments from Twitter’s chief financial officer soured the market mood. The continued strength in the dollar […]
Big Money Apes Into Blockchain Gaming With $725M Fundraising for Forte
Forte will use the funding, which brings its total capital raised this year to more than $900 million, to expand its products and services. Major crypto players Andreessen Horowitz (a16z), Cosmos, Polygon Studios and Solana Ventures were among those that have invested an additional $725 million in funding to close a Series B round for […]
Bitcoin Retreats From All-Time High, Ether Follows
The shakeout appeared to coincide with a turn lower in U.S. stock markets. Bitcoin’s price is down 5% in the last 24 hours after peaking at an all-time high of around $68,950 on Wednesday. Bitcoin’s all-time high was reached just after the U.S. Consumer Price Index (CPI) report showed higher-than-expected inflation in October. The U.S. Department […]
The Crypto Bubble Isn’t A Bubble, It’s A…
I’ve written over 300 crypto related posts since I saw the crypto light on June 29th, 2017. After three months, on October 8th, 2017, I published my first thought piece “7 Thoughts On Blockchain, Cryptocurrency & Decentralization After Three Months Down The Rabbit Hole”. It’s still the most read/clapped post I’ve written. The 5th thought was “ It’s […]
Bitcoin Cash Briefly Spikes on Fraudulent Press Release
The cryptocurrency rose over 4.6% from $602.63 at around 11:30 UTC to $630.70 in less than 15 minutes after the publication of a fraudulent announcement. Bitcoin cash (BCH) saw a sharp but short-lived uptick in its value on Friday after the publication of a fraudulent press release claiming that U.S. supermarket giant Kroger would be […]
Thailand’s Oldest Bank Acquires Majority Stake in Country’s Largest Crypto Exchange
SCB paid $536.6 million for a 51% stake in Bitkub. Siam Commercial Bank (SCB) has acquired a 51% stake in Thai cryptocurrency exchange Bitkub. Thailand’s oldest bank SCB paid 17.85 billion baht ($536.6 million) for the majority stake in the exchange, according to an announcement Tuesday. The transaction is expected to be completed by the first quarter […]
Binance Temporarily Disables All Crypto Withdrawals, Cites Backlog
Withdrawals resumed about 25 minutes after the stoppage was announced, before being disabled and then resumed again. Binance, the world’s largest crypto exchange, temporarily disabled all crypto withdrawals for a time on Monday due to a large backlog. Withdrawals were resumed about 25 minutes after the stoppage was announced to customers on its Twitter account Monday. Twenty […]
SHIB Flippened DOGE With $160M in ‘Smart Money’ Backing Latest Pump, Blockchain Data Shows
A new force is behind shiba inu’s most recent price surge. Shiba inu, the self-proclaimed dogecoin killer, briefly surpassed DOGE in market value on Wednesday, according to data from CoinGecko. Both coins now have a market cap of over $31 billion and are toggling between 10th and 11th on CoinGecko’s rankings page. Blockchain data shows that while […]
Citi Starts Coverage of Coinbase With $415 Price Target, Says ‘Buy Crypto’s General Store’
The bank’s Coinbase target is 27% higher than Monday’s closing price. Citi initiated coverage of Coinbase (NASDAQ: COIN) Tuesday with a buy rating and $415 price target, saying the crypto exchange “offers investors direct exposure to increased retail and institutional adoption” of digital assets.. “For its position within the crypto value chain, a `networking-based’ business […]