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Showing posts with the label Blockchain

Top China Coins Ready To Skyrocket

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The Securities and Futures Commission (SFC) of Hong Kong suggested on February 20 that a licensing system be established for cryptocurrency exchanges, and in the near future, it will permit ordinary individuals to trade major cryptocurrencies such as Bitcoin and Ethereum. This article discusses the leading Chinese Coins and explains why they are likely to experience a significant increase in value soon.  Super unique NFT collection #TokenPunkies Hong Kong’s Green Signal to Crypto Trading According to the statement, every centralized cryptocurrency exchange that operates in Hong Kong is required to obtain a license from the regulatory authority. Interestingly, it appears that the United States is not the sole global financial powerhouse capable of causing market turbulence.   As mentioned previously, the People's Bank of China, the country's central bank, infused $92 billion USD into the market on Friday, surpassing the ongoing quantitative easing measures of the US Fed...

Shiba Inu Jumps 4% As Lead Dev Answers ‘When Shibarium’

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The lead developer of Shiba Inu, Shytoshi Kusama, announced in a recent blog post that the beta version of Shibarium will be made available after he publishes another post regarding the development of the layer-2 network. Although Kusama did not give a specific release date, he did provide more information about the timeline of the beta version and the obstacles that need to be overcome. Top Notch NFTs Collection and Creation (TokenPunkies Click) Kusama's latest blog post is a continuation of his series of Medium posts that aim to introduce Shibarium to the public. In the second installment, titled "Shibarium Blog: 2022 The Year of Learning," Kusama discusses the challenges that the project has faced in the past year. This update provides readers with a deeper understanding of the development process and the progress that has been made. In his recent blog post, Kusama highlighted the challenges he faced while working on the project, including opposition from different par...

NFT Sales Surge Over 43% in Past Week, Topping $397 Million

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According to statistics that were recorded on February 18th, 2023, sales of non-fungible token (NFT) assets in the past seven days have increased by 43.97% compared to the previous week. The total amount of NFT sales for this week was $397.86 million, and there were approximately 345,716 NFT buyers and roughly 1.62 million transactions. NFT sales have continued to rise in 2023, with the past week seeing a significant surge. According to data from cryptoslam.io, NFT sales for the week were $397.86 million, representing a 43% increase from the previous week. The number of buyers has also grown by more than 77%, with a total of 345,716 NFT buyers. NFTSeller Collection Unique, Rare, Appealing Click to Visit NFT Sales Continue to Rise in 2023, Ethereum Dominates NFT Sales with 90% Market Share In terms of NFT sales on specific blockchains, Ethereum has dominated the market, accounting for more than 90% of the total sales with $360.32 million. This indicates that Ethereum is the blockchain o...

Bitcoin Price Prediction to US$ 32,000-50,000 in coming months

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 BTC to US$ 32,000-50,000 Bitcoin, the world's largest cryptocurrency by market capitalization, has had a volatile journey since its inception in 2009. Despite the ups and downs, the digital asset has managed to establish itself as a store of value and a hedge against inflation.   In recent times, the price of Bitcoin has been on a bullish run, breaking several all-time highs. This trend is expected to continue, with several experts predicting that the price of Bitcoin will reach $32,000 in the near future.   One of the major factors driving this prediction is the increasing institutional adoption of Bitcoin. Large corporations such as Tesla and Square have invested billions of dollars in the cryptocurrency, providing a vote of confidence in its long-term potential. Additionally, the growing acceptance of Bitcoin as a legitimate form of payment by mainstream companies is also contributing to its growing mainstream acceptance.   Another factor to consider ...

Bitcoin back to Breakout of 2019

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Bitcoin, the world's largest cryptocurrency by market capitalization, has been on a roll lately. After hitting lows of around $3,800 in December 2018, the price of BTC has been steadily climbing and recently broke out above $8,000. This has many analysts and investors wondering if we are seeing a repeat of the bull run that took place in 2019. One crypto analyst, who prefers to remain anonymous, believes that the current rally could be the start of another big breakout for Bitcoin. He points to several factors that could be driving the price higher. A widely followed crypto analyst says that Bitcoin ( BTC ) could be brewing a repeat of its 2019 breakout after forming a similar pattern over the last few weeks. First, the analyst notes that institutional investors are becoming more involved in the crypto space. This is evident in the growing number of companies, such as Fidelity and Intercontinental Exchange, that are launching crypto-related products and services. As more in...

Crypto Exploded a year ago

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 Since last Crypto Explosion Investors lost more than $2 Trillion       ·          A year after bitcoin peaked at more than $68,000 it’s down below $18,000.  ·          The industry has been hit with macroeconomic challenges, market forces and scandals. ·      What was dubbed the crypto winter earlier this year turned disastrous this week with the spectacular collapse of FTX. A year ago this week, investors were describing bitcoin as the future of money and ethereum as the world’s most important developer tool.  Non-fungible tokens  were exploding,  Coinbase  was trading at a record and the NBA’s Miami Heat was just into its first full season in the newly  renamed  FTX Arena. As it turns out, that was peak crypto. In the 12 months since  bitcoin  topped out at over $68,000, the two largest digital currencies have ...

Crypto Prices to Explode

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Experts Predict Crypto Prices to Explode to All Time Highs if This Happens Prices of major cryptoassets could explode higher if US economic data this week indicates that the Federal Reserve could soon be done with their interest rate hikes. After a  strong week  for  bitcoin (BTC)  and many other cryptos last week, traders are now looking for any clues of what could fuel the next leg higher. And with a massive release of important US economic data expected this Wednesday, the positive trigger traders are looking for could come sooner rather than later. Most important of the data expected on Wednesday will be the Producer Price Index (PPI), which measures the change in prices paid to producers of goods in the US. It differs from the better-known Consumer Price Index (CPI), which is the change in prices paid by consumers, but still gives a good indication of what is happening with inflation. The number is expected to come in at -0.1, and any reading lower than that c...

Bitcoin Bull Market

This on-Chain Indicator Signals the Start of Bitcoin Bull Market   The transfer volume in profit gives signals of a bullish trend reversal for Bitcoin. The indicator realizes the reversal pattern that occurred in 2015 and 2018-19. If so, Bitcoin will no longer drop below the November 2022 bottom of $15,476. In today’s  on-chain analysis , BeInCrypto takes a look at a rarely used indicator that appears to have just signaled the end of a bear market. The transfer volume in profit – as this indicator is referred to – has ended a nearly 2-year downward trend in recent days. For  Bitcoin , this could be one of the early signals of the start of a new bull market. Transfer Volume in Profit  is calculated based on  the number of transferred coins whose price at the time of their previous move was lower than the price during the current transfer. It is worth mentioning that spent outputs with a lifespan of less than an hour are discarded. ...