September 2022 / 90 posts found
DeFi, CeDeFi and How to Profit in the Midst of the Bear Market
Cryptocurrency As the DeFi sphere experiences a number of problems and challenges, Finance Magnates spoke to Iakov Levin, the Founder & CEO at Midas.Investments on the modern problems of the DeFi sector, the current market situation, nascent CeDeFi technologies, and his vision of where this could lead the crypto market in the future. Q: With Bitcoin below $20k and the crypto market a long, long way away from its all-time highs; where exactly are we right now in the whole cycle of events? During the last nine months, we’ve witnessed the painful decline of the whole market, and it was […]
Bitcoin Whale Holdings Hit the Lowest Level in 29 Months
After a plunge of almost 20% between 15 August and 25 September, Bitcoin stabilized near the $19,000 level on Monday. However, Bitcoin whales kept dumping the world’s most valuable crypto asset during the recent market correction, according to the data published by Santiment. The data shows that Bitcoin addresses holding between 100 and 10,000 coins now own about 45.72% of the total active BTC supply, the lowest level since 4 April 2020. “The amount of Bitcoin (BTC) held by whales has been dropping for 11 months now. As fears of inflation and a global recession continue, addresses holding 100 to […]
CoinCorner Taps Dubai’s Royal Family to Facilitate Bitcoin Transactions
Bitcoin Douglas-based cryptocurrency exchange CoinCorner has partnered with Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, to facilitate Bitcoin transactions in the United Arab Emirates (UAE). Under the agreement, Seed Group will aid in the expansion of CoinCorner’s operations across the emirates and the wider Middle East as well as access to top decision-makers in the government and private sectors. Promoting the exchange’s Bitcoin transaction solutions and lightning services in the region also remains one of the focus areas of the deal. CoinCorner plans to set up a user-friendly platform enabling UAE residents […]
Guatemalan Town Cleans Local Lake Using Bitcoin Miners
A Guatemalan circular Bitcoin economy known as “Bitcoin Lake” is leveraging Bitcoin ASICs to clean the nearby Lake Atitlán while generating income for the community. As Bitcoin Lake Founder Patrick Melder explained, the “Kaboom” mining project is repurposing used cooking oil to help mine Bitcoin, rather than pollute the local environment. Mining Helping the Environment? As Melder told Bitcoin Magazine, the project is a follow-up to prior attempts at cleaning the lake that were ultimately both costly and unsuccessful. “Within the past five years, a major effort to clean the lake costing upwards of $300 million failed because it was […]
Will Bitcoin’s (BTC) Price Surge to $21K this Weekend?
Bitcoin Bitcoin’s price is finding stability after a difficult week, trading at $19,000. External factors such as the South Korean government’s decision to ban cryptocurrency trading caused the market to stall roughly at $18,000, forcing a rejection at around $19,500. Analysts are nearly unanimous in believing that the Bitcoin price has already settled at its floor value, suggesting that it will only go up from here. However, investors appear to be divided on this issue, instead focusing their attention on other potential investments amid rising interest rates in order to combat out-of-control inflation. Bitcoin’s price has been on a rollercoaster […]
Bitcoin Held in a Crucial Area, Will BTC Price Break Out the Range or Drop Below Hard This Weekend?
Bitcoin price continues to accumulate gains of around the pivotal zones at $19,000 aiming to prevent a fine pullback below the yearly lows. The price is constantly retesting the $18,500 support levels following a rejection from the major bearish trendline while the 50-day & 100-day MA levels also stand refused. If the asset rebounds from the current zone, then the above-mentioned pivotal levels may soon turn into pivotal resistance levels below $24,000. Therefore, if the BTC price is required to break above all of the pivotal levels, intending to reverse the ongoing bearish trend. Conversely, if the price fails to […]