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Showing posts with the label Crypto Currency

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...

eBay NFT platform

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 So far, users have tested the beta release of the creator contract and have deployed 84 contracts and minted 250 NFTs. TOKENPUNKIES NFT According to a Twitter post on February 16, eBay's NFT marketplace, KnownOrigin, is launching a new creator smart contract for its artists. The smart contract will allow artists to earn royalties as co-creators and to split earnings. The Creator Contract beta release has been tested by users, with 84 contracts deployed and 250 NFTs minted so far. Starting from February 24, all approved creators on KnownOrigin will be able to deploy and mint their work on their own contract for public release without requiring coding knowledge. Last June, eBay acquired KnownOrigin for an undisclosed sum. The platform is based on Ethereum and seeks to empower creators and collectors by allowing them to showcase, sell, and collect unique, authenticated digital items, according to co-founder David Moore. Although eBay has allowed NFT listings on its direct marketplace...

Breaking: U.S. CPI Data Shows Inflation At 6.4%; Time For Bitcoin Price To Shine?

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This Tuesday morning, there is positive news for the people of the United States who have been burdened by high costs. The Consumer Price Index (CPI), which tracks changes in consumer prices for various goods and services, has shown a significant decrease in inflation for December, bringing it to the lowest point in almost a year. The latest CPI figure of 6.4% supports the idea of lowering inflation, which can cause volatile assets like Bitcoin to increase in price; currently trading at $21,633.   US CPI REPORTS 6.4% INFLATION The Core CPI, which excludes prices of volatile goods like food and gasoline, rose by 0.4% from the previous month and increased by 5.6% from a year ago, slightly exceeding market expectations. In September, it reached the highest level since August 1982 at 6.5%. The Bureau of Labor Statistics' closely watched index showed that underlying consumer prices had increased the least in the past 15 months, making it possible for the Federal Reserve to reduce in...

Bitcoin price eyes $22K rebound

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  An analyst claims that the sentiment surrounding cryptocurrency is extremely excited, despite Bitcoin being priced below $22,000. However, they also assert that there have not been any significant trend lines broken yet.   Over the weekend, the price of Bitcoin (BTC) tickers decreased and approached $22,000. Despite this, traders and analysts have advised against having excessively negative sentiment, and instead suggested caution.   Analyst dismisses "hysterical" crypto sentiment According to data from Cointelegraph Markets Pro and TradingView, the BTC/USD saw small increases on February 12th.   : Bitcoin had hit three-week lows in the previous week, but it became a target for whales looking to take advantage of the situation, as explained by on-chain analytics resource Material Indicators.     Material Indicators provided a chart from the BTC/USD order book on Binance, which showed the resistance moving higher. This could lead to a poten...

Bitcoin New Addresses with Non Zero Balance

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The recent rise in the number of Bitcoin wallets holding a non-zero balance of the cryptocurrency has reached a new record high. This suggests that despite the bear market in 2022 and a challenging global economic outlook for 2023, the adoption of the world's first and largest cryptocurrency by market capitalization is still increasing. Data presented by crypto analytics firm Glassnode showed that on January 8th, 2023, the number of Bitcoin addresses with a non-zero balance rose above 43.8 million for the first time, surpassing the previous record high of 43.76 million which was reached in mid-November 2022. Source: Galssnode Bitcoin New Addresses The growth in the number of Bitcoin wallets with a non-zero balance is a positive sign for the cryptocurrency. It indicates that more and more people are acquiring and holding Bitcoin, leading to an increase in the overall adoption of the digital currency. Despite the challenges that the cryptocurrency market faced in 2022, the steady g...

Shib Demand to List BONE on Binance #BONEonBINANCE

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 Shiba Inu, a decentralized cryptocurrency that has gained popularity in recent times, has become the center of attention due to its rapidly rising value and the community's demand for it to be listed on Binance.   Recently, the Shiba Inu community has started a petition urging Binance, one of the largest cryptocurrency exchanges in the world, to list the token. The community has pointed out the increasing demand for Shiba Inu and the potential it holds to attract more investors.   Shiba Inu has seen a significant rise in value in recent times, with its market capitalization increasing from just $0.00000007 in March 2021 to over $1.00 in May 2021. This rapid growth has led to increased demand for the token, and the community believes that listing it on Binance will increase its visibility and attract more investors.   In addition to the petition, the Shiba Inu community has also taken to social media platforms such as Twitter to make their demands known. ...

UK plan to regulate Crypto

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The UK government has taken a step towards regulating the crypto industry by publishing a consultation paper on a new regulatory framework. The paper focuses on creating a comprehensive regime that covers various aspects of the crypto industry such as crypto service providers, consumer protection, and market abuse prevention. The Treasury hopes that the new rules will create clear and effective regulation for the industry. Economic Secretary to the Treasury Andrew Griffith aims to have "proactive engagement with the industry" in order to regulate crypto more effectively. The industry has until the end of April to provide feedback on the proposed regulations. The crypto industry has responded positively to the government's proposals. Ian Taylor, a board advisor of CryptoUK, welcomed the move towards greater regulatory clarity and emphasized the importance of industry consultation. He stated that the group will respond to the consultation and advocate for regulation that is...

Bitcoin will hit $200K before $70K ‘bear market’ Forecast ?

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An analyst claims that based on stochastic patterns, the price of Bitcoin has the potential to increase by 189% compared to its all-time high. The Potential of Stochastic Indicators for Bitcoin. The price of Bitcoin is believed by many to be influenced by its four-year halving cycles. The resulting pattern suggests that the price of Bitcoin will reach an all-time high once every four years, with 2025 being the next such year. The Halving Cycle and its Impact on the Price of Bitcoin. One year before the next halving cycle, the path to a $200,000 price tag for Bitcoin will be open, according to one analyst. This price prediction is based on an analysis of Bitcoin's stochastic oscillator, which is synchronized with the highs and lows of the BTC/USD cycle. The Stochastic Oscillator and its Role in Bitcoin's Price Behavior Currently, the stochastic oscillator is printing its latest low, and if history is any indicator, the price of Bitcoin is expected to follow suit. The...

Can LUNC Hit $3 in 2023?

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LUNC, valued at over $1 billion on the Terra Classic protocol, is approaching a 17.54% growth that could drive its price to $0.00021. Its value has risen by 6.5% in the past 24 hours and is currently being traded at $0.0001775.   CoinMarketCap data shows that investors are positioning themselves for this potential outcome, with a 48% increase in 24-hour trading volume to reach $100 million. This surge in trading activity indicates a growing interest in LUNC, either due to bullish sentiment or aggressive buying. The high volume suggests a rising demand for the token, which could support a sustainable uptrend.   A significant increase in trading volume indicates that either investors are highly optimistic about the asset or the token's bullish trend is intensifying. The surge in demand for LUNC suggests a potential for a sustained upward trend.   The Terra Luna Classic Price is poised for a 17.54% surge, as it approaches the top of a triangular pattern. The pric...

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...

Shiba Inu Price Exploes. Will Shiba Hit $0.10

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Shiba Inu achieves milestones and price explodes – Will SHIB price hit $0.10? ·         Shiba Inu’s price has gained about 44 percent in the last 30 days with its trading volume up over 168 percent in the last 24 hours. ·         South Korea’s largest crypto exchange Upbit on January 18 announced listing Shiba Inu against Korean Won (KRW). The second largest meme coin, Shiba Inu (SHIB), has obliterated FTX losses in the past three weeks. The rally that was fueled by Bitcoin whales has continued in the past few days following the launch of Shibarium beta. According to our latest crypto price oracles, Shiba Inu’s price has gained almost 5 percent in the past 24 hours to trade around $0.000012 on Saturday and 19 percent in the last 7 days. However, the rally cooled down during the European trading session. The Vitalik Buterin-backed meme coin went parabolic following increased FOMO traders in the past few weeks. Noneth...