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Is the Bottom In for Bitcoin and Ethereum? Top Analyst Michaël van de Poppe Updates Crypto Forecast

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Posted on December 16, 2021

Widely-followed crypto analyst Michaël van de Poppe is suggesting the bottom is in on three popular crypto assets while telling prospective altcoin investors that the best time to buy might be now. In a tweet to his 532,900 followers, Van de Poppe says that Ethereum’s (ETH) current retest of the $3,600-$3,700 range is a sign that an

New Ethereum Competitor Surpasses $2,000,000,000 Market Cap As Layer-1 Altcoins Show Strength

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Posted on December 16, 2021

An under-the-radar altcoin is bouncing back faster than Bitcoin (BTC) as the crypto markets recover from their recent slump. Hybrid blockchain platform Kadena (KDA) has cleared the $2 billion market cap after rallying from a weekly low of $8.78 on Monday. KDA leaped to as high as $13.50 earlier today. Kadena was created by two

ConsenSys launches Rollups for privacy-enabled transactions on Ethereum blockchain with support of Mastercard

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Posted on December 16, 2021

On Thursday, ConsenSys, a prominent developer of Ethereum (ETH) software, announced the launch of enterprise software ConsSys Rollups. The service, designed on the basis of zero-knowledge (ZK) proofs, is meant to protect specific transaction elements, such as account balances, sender and recipient wallet addresses, and transaction amounts to secure each user’s privacy. Zero-knowledge proofs enable

Bitcoin pushes for $50K! Is the downtrend finally over?

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Posted on December 16, 2021

Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets this week. Here’s what to expect in this week’s markets news breakdown: the price of Bitcoin (BTC) climbed to $49,000 after news that the Federal Reserve would raise interest rates and

Bitcoin and Ethereum’s Dominance Isn’t Set in Stone, According to Crypto Hedge Fund Veteran Su Zhu

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Posted on December 16, 2021

Crypto hedge fund veteran Su Zhu is saying that Bitcoin (BTC) and Ethereum (ETH) are both good investments, but this does not guarantee that they will continue to dominate crypto. In a new episode of the Uncommon Core podcast, the CEO and CIO of cryptocurrency hedge fund Three Arrows Capital explains why he sees the

IMF chief economist calls for global policy on cryptocurrency

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Posted on December 16, 2021

Gita Gopinath, the chief economist of the International Monetary Fund (IMF), has called for a global policy to be put in place that will regulate cryptocurrency, instead of banning it. Pitching for a global policy, Gopinath, who will soon take charge as the deputy managing director of the IMF, argued that if countries were to

Crypto.com Removes Data from CoinMarketCap after Prices go Haywire

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Posted on December 16, 2021

Cryptocurrency data provider CoinMarketCap.com had a data failure on Tuesday night, causing many cryptocurrencies to show astronomical gains. Although CoinMarketCap.com stated that the problem has been resolved, and the US-based cryptocurrency exchange Coinbase also pointed out that the transaction has not been affected by this, it is still investigating the asset price and transaction difficulties

Tether lauds Myanmar shadow government for making USDT an official currency

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Posted on December 16, 2021

Tether, the issuer of the eponymous stablecoin, has praised the decision of Myanmar’s parallel government, The National Unity Government (NGU), to use USDT as an official currency. Myanmar’s NUG is a shadow government run by the supporters of Nobel Peace Prize winner Aung San Suu Kyi. As Cointelegraph reported on December 13, NUG announced Tether’s

Is Bitcoin Getting Ready for a Breakout?

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Posted on December 16, 2021

There seems to be light at the end of the tunnel for a breakout based on various indicators. For instance, the multi-month downtrend witnessed on the momentum indicator has broken out to the upside. Bitcoin (BTC) has been ranging between the $47K and $50K area since it gained momentum from lows of $42,000 witnessed nearly

Coinbase Launching Retail Support for Altcoin That’s Surged 74% in Just Two Days

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Posted on December 16, 2021

Coinbase is rolling out support for a crypto newcomer across its full suite of retail trading applications. The leading US-based crypto exchange says it’s adding Decentralized Social (DESO) to Coinbase.com, as well as the platform’s iOS and Android apps. Early this week, Coinbase added DESO to its professional trading platform, Coinbase Pro. The sudden support

Author: admin