The price of Bitcoin (BTC) has been consolidating above $17,000 on Nov. 28 following a major correction from $19,400. In the near term, traders anticipate the dominant cryptocurrency to see another steep pullback. There are three main reasons why traders expect a deeper drop to occur in the near future, namely, historical cycles, the Fibonacci
All Pizza Hut locations in Venezuela now accept a broad range of cryptocurrencies, including bitcoin, via the payment platform Cryptobuyer. Pizza Hut joins Burger King, Intercontinental Hotel, Traki, and several other major stores in Venezuela that accept bitcoin. Pizza Hut Accepts Bitcoin Cryptobuyer announced on Friday that all Pizza Hut restaurants in Venezuela now accept
The PlusToken controversy, which has led to the arrest of 109 individuals so far, has also reportedly resulted in a titanic seizure of crypto assets by Chinese authorities, worth $4.2 billion at today’s prices. According to court filings released publicly on Nov. 19 and posted by The Block, authorities seized a staggering 194,775 Bitcoin (BTC), 833,083
There was a time when BitMEX derivatives exchange reigned sovereign over other exchanges, and the company effectively held a 50% market share until July 2019. For this reason, traders kept a close eye on every indicator connected to BitMEX, including its funding rate, open interest, and basis. Open interest measures the total number of contracts
Bitcoin’s (BTC) rise above $20,000 will have to wait as the price saw a strong correction which and turned away from reaching a new all-time high. Data suggests that whales decided to book profits when Bitcoin was close to $19,000 and this pulled the price lower. This fall could have resulted in the liquidation of
The Ukrainian Ministry of Digital Transformation released a web series to educate citizens about cryptocurrencies, blockchain, and Bitcoin (BTC). The show premiered on Wednesday and was developed in collaboration with Binance, Hacken, and Crystal Blockchain as part of the Ukrainian government’s “Diia.Digital education” program. The show consists of eight episodes of six to twelve minutes
Cryptocurrency adoption is slowly but surely making its way to the mainstream — a notion that has become more apparent as major retailers like PayPal announce support for digital currencies. As such, it shouldn’t come as a surprise that crypto holders may be keen to spend some of their digital currency this holiday season. According
Bitcoin may hit $150,000 by November 2021 according to Raoul Pal, founder and CEO at Global Macro Investor and Real Vision — And that would be the most conservative scenario. Pal believes that Bitcoin could even reach $250,000 due to the large amount of institutional money currently flowing into the Bitcoin market. That is what,
On November 15, the Bitcoin Cash blockchain underwent a scheduled upgrade but also the chain saw a consensus split, and the network bisected into two. After the split, numerous users have been looking for methods in order to split their coins in order to store them separately or sell the unwanted tokens on an exchange.
Start with the realization that the cypherpunks were right. Back in the early 1990s, prescient software guys got both excited about the internet and anxious about a future in which it would ruin every meaningful bit of privacy. The cypherpunks’ work and their writings laid out the assumptions that would drive the cryptocurrency industry, years
Editor’s note As many of you were certainly following in real time, a bull market gave way to a bloodbath yesterday, which happened to be Thanksgiving in the U.S. Personally, I’ve never thought that Bitcoin’s price was any sort of proof of its value proposition, but for many its retreat yesterday certainly dashed many a
As cryptocurrency investment becomes more and more popular, long-term investors are increasingly concerned with the uncomfortable question: what happens to your Bitcoin (BTC) when you die? According to a 2020 study by the Cremation Institute, nearly 90% of crypto owners are worried about what happens to their crypto after they pass away. Furthermore, despite a
The IOTA Foundation, the non-profit organization behind IOTA, IOTA Tangle and MIOTA, announced they will be joining Austria’s newest Christian Doppler Laboratory, or CDL, as an industrial partner. The first of its kind, the laboratory is housed at the Vienna University of Technology and named the CDL Blockchain Technologies for the Internet of Things, or CDL-BOT.
CoinDesk just snagged a front-row seat to a seminal event in the crypto industry. Ticket price: 32 ETH. As a media outlet covering nascent technologies, we believe we can sometimes chronicle their development more effectively by participating in them. To that end, we’re spinning up a validator for the upcoming launch of Ethereum 2.0 as