BTC

Michael Saylor Remains Bullish on BTC Despite Its Depressing Performance. Are You Buying the Dip?
Michael Saylor Remains Bullish on BTC Despite Its Depressing Performance. Are You Buying the Dip?

Bitcoin continues to disappoint the bullish market  Saylor is certain about Bitcoin’s potential Vitalik Buterin urges the masses to adopt cryptocurrencies.  Bitcoin continues to feel the bearish market pressure, with its current standing below $23k. In the past few days, BTC surprised investors with its price pump, which soared to almost $25k per coin. However, this price surge did not stay for long, making BTC plummet its price to nearly $20k.  Despite the depressing price performance of Bitcoin, Michael Saylor, a Bitcoin maximalist, stay bullish on the crypto. He tweeted: As we can see in the tweet above, Saylor is

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Only-Bitcoin-Can-Equalize-Power-Dynamics-Says-Michael-Saylor
Only Bitcoin Can Equalize Power Dynamics Says Michael Saylor

Michael Saylor addresses the crypto community via a tweet about Bitcoin. He says Bitcoin is the reason the powerful no longer take from the powerless.  His tweet makes it seem that Bitcoin is the reason we have a balanced power structure. As the crypto adoption wave continues to grow stronger despite bearish signals, Michael Saylor rallies Bitcoin believers. In particular, the CEO of MicroStrategy and firm Bitcoin supporter reminds the public why Bitcoin matters in a tweet. As we can see from the tweet above, he says that since the dawn of history, the person with the larger stick has

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Philippine-Colleges-to-offer-Bitcoin-and-crypto-courses
Philippine Colleges to offer Bitcoin and crypto courses

A Senate meeting in the Philippines future Binance`s officials. Binance is already working to offer free courses to the Filipino people. A regulatory structure wIll be required to promote innovation. According to a report from the local news outlet Inquirer, Binance, the largest cryptocurrency exchange in the world, recently attended a Senate meeting in the Philippines where authorities and business executives reviewed policies and rules for the nation surrounding digital assets. The Securities and Exchange Commission (SEC), Bangko Sentral Pilipinas (BSP), and the Cagayan Economic Zone Authority (CEZA) attended the Senate hearing. Along with the Senate Banking Committee, prominent cryptocurrency

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Bitcoin-Struggles-to-Gain-Momentum-Despite-Microsoft-Support
Bitcoin Struggles to Gain Momentum Despite Microsoft Support

Microsoft Excel adds the Bitcoin currency symbol to its list of currencies.  The price of Bitcoin (BTC) took a hit 3 days ago and fell by over 10%.  Bitcoin struggles to gain momentum amidst the fearful crypto market sentiment. In a stunning show of support, Microsoft Excel added the Bitcoin (BTC) currency symbol ‘₿’ to its list of currencies on its software. This is certainly exciting news as this shows that Bitcoin (BTC) has indeed joined the mainstream world.  Adding on, this not only means that the masses believe that Bitcoin (BTC) is here to stay, but it also shows

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BTC-and-ETH-See-Higher-Levels-of-Short-Trade
BTC and ETH See Higher Levels of Short Trade

The last day has seen the large cryptocurrency pairs fall. The market has however rebounded a bit. ETH price looks for equilibrium searching for direction in a possible sideways patch. The last day has seen the large cryptocurrency pairs fall in value, causing a bit of panic in the market. This comes after Bitcoin(BTC) and Ethereum(ETH) fell below $20.9k which was last seen in mid-July. However, the market has rebounded a bit and cryptocurrencies are seeing higher levels of short trades coming in as people fear such drops as earlier seen in June when the price of bitcoin jumped about

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Canadian-Exchanges-Increase-Buy-Limit-to-$30k
Canadian Exchanges Increase Buy Limit to $30k

Canada imposes a new buy cap of 30k for her users. The new regulation also applies to “restricted coins,” which are cryptocurrencies other than BTC, ETH, LTC, and BCH. Ontario has just adopted new crypto-specific regulations. According to reports, to enhance consumer safety, Newton, Bitbuy, and other Canadian cryptocurrency exchanges declared they would impose a new net buy cap of 30,000 CAD for users in Ontario. Other cryptocurrencies outside BTC, ETH, LTC, and BCH and “restricted coins” are also subject to the new rule. This happened after Toronto-based cryptocurrency exchange Newton filed to register with the Ontario Securities Commission (OSC)

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Whales Boost Holdings As Bitcoin`s Price Escalate

The Bitcoin bulls continued to stand out in the market. Addresses holding 100 to 10,000 BTC coins are at their highest level since June 11. The price had to test the bottom support of the triangle due to recent price action. The selling pressure has caused the price of Bitcoin to decline more dramatically over the last few days, which has caused an exceptionally pessimistic trend. The bulls continue to stand out as they seem to be watching for the ideal moment to reenter and seize power. As the Whales have been continuously accumulating recently, the BTC price is anticipated

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BRISE-Surges-Nearly-+300%-Over-Game-Changer-Announcement,-Is-It-Time-To-Buy-Now
All Eyes Now on Bitcoin as Bearish Wedge Comes Into Play

The crypto market displays a bearish movement as leading cryptocurrencies take a dip. Bitcoin’s Rising Wedge pattern has come into play, which is also reflected by the RSI. Meanwhile, US President Joe Biden has signed the IRA into law. The crypto market’s supposed rally is now treading on thin ice, as primary cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) fail to maintain their key support areas.  For instance, after failing to establish support at $25,000, Bitcoin is now trading at $23,383.19. Meanwhile, Ethereum is changing hands at $1,833.78, according to CoinGecko. As seen on the chart above, BTC price has formed

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Bitcoin Network has transferred $17.78T in 2022 already
Masses Trust Bitcoin (BTC) More Than Central Banks

Tweet reveals how the public has more faith in Bitcoin (BTC) than in central banks.  Over 30,000 BTC was added to exchanges in the last 30 days.  Brazil’s XP launched its Bitcoin exchange to its 3.6 million customers. The crypto community on Twitter confirms that they have more faith in Bitcoin than they do in central banks. To highlight, the following statement was confirmed by a tweet from Bitcoin Magazine. The tweet received over 3,200 likes and 1,500 retweets in under 7 hours. This is clearly a sign that many agree with the statement. More so, it affirms the Bitcoin

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Acala Hacker Mints $1.2 Billion aUSD Out Of Thin Air
Acala Hacker Mints $1.2 Billion aUSD Out Of Thin Air

The Acala hack saw over a billion aUSD stablecoins minted from thin air. Some other functions have also been halted till further notice. The Polkadot-based stablecoin alpaca USD (AUSD)recently lost its peg. Acala, the decentralized finance (DeFi) center for Polkadot, was significantly attacked on Sunday against its brand-new liquidity pool. The hacker was able to create more than 1.2 billion aUSD, the project’s stablecoin, thanks to the flaw. The Acala team informed users on Twitter shortly after the attack that the vulnerability was the result of a “misconfiguration of the iBTC/aUSD liquidity pool.” The project claims that the incorrect setup

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Launch Cart Partners with OpenNode
Launch Cart Partners with OpenNode to Allow BTC Payments For Firms

OpenNode partners with Launch Cart to allow Bitcoin payments for eCommerce firms. The partnership will make use of Bitcoin Lightning Network payments. Launch Cart will also launch a wholesale dropshipping marketplace named “Source and Sell.” Leading eCommerce software-as-a-service (SaaS) platform Launch Cart partners with OpenNode, a Bitcoin payment processor, to allow any businesses by the help of Launch Cart’s platform to accept Bitcoin as payment. In a tweet, Bitcoin Archive stated that Launch Cart will be integrating Lightning Network payments, Bitcoin’s second layer that utilizes micropayment channels to enhance the blockchain’s ability to transfer more efficiently. According to the press

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Ether Exceeds $3,000 After Struggling in Last 2 Weeks
US Inflation Rates Fall, Bitcoin and Ethereum on the Rise 

The US inflation rate fell from 9.1% in June to 8.5% in July. Both Bitcoin and Ethereum shot up in price during this time.  Ethereum (ETH) continues to recover much faster than Bitcoin (BTC). It seems cryptocurrencies are on the rise again. According to US CPI data, the reason could be in thanks to falling inflation rates. In particular, it looks like the US inflation rate fell from 9.1% in June to 8.5% in July.  Indeed, this is great news for the world as a whole. After all, the second quarter of 2022 led to continuous increase in multiple goods.

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