Crypto

Source: Bitcoinist Bitcoin has shown a continuation to its crash during the last 24 hours. Here’s what on-chain data says regarding whether a bottom is close or not. Bitcoin NVT Golden Cross Is Now In Oversold Territory As pointed out by an analyst in a CryptoQuant Quicktake post, the Bitcoin NVT Golden Cross has witnessed…

Source: Coin Tegraph The Bitcoin bounce to $85,000 on Feb. 28 had traders hopeful that a bottom was in could be in peril after BTC (BTC) struggled to secure a higher high candlestick for the daily close.  Data from TRDR.io shows Bitcoin received a strong spot bid at Coinbase as the price fell to a…

Source: Coin Tegraph Trump-owned company DTTM Operations filed for trademarks on Feb. 24 for the word ‘TRUMP’ in connection with a metaverse and NFT marketplace built around the US President’s brand. In this Trump-themed virtual world, users would be able to shop for physical and virtual goods, dine in a Trump restaurant, enjoy simulated transport…

Source: Coin Tegraph A crypto trader and marketing executive who correctly predicted FTX’s collapse said FTX creditor repayments coming a little over two years after the incident is a “win” — all things considered. “I thought it would take longer, just because there’s so many jurisdictional issues, you’re working with so many different governments, different…

Source: Bitcoinist In an interview with CNBC’s Street Signs on February 27, Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered, offered insights on Bitcoin’s recent price decline and laid out a bold forecast for the world’s largest cryptocurrency. Despite near-term volatility, Kendrick expects Bitcoin to reach $200,000 this year and as high as…

Source: Coin Tegraph Billions Network has launched a digital identification platform that doesn’t require users to hand over their biometric data, a move the company says preserves privacy and goes against the grain of competing projects like Sam Altman’s World.  According to a Feb. 28 announcement, Billions Network has created a universally accessible verification platform…

Source: Coin Tegraph Financial markets are sending mixed signals as uncertainty reaches new highs. On Feb. 25, the US debt ceiling was raised from $36.1 trillion to $40.1 trillion, marking another massive expansion in government borrowing. Following a historical pattern, the benchmark 10-year Treasury yield reacted to the news by dropping from 4.4% to 4.29%….

Source: Coin Tegraph Dominic Williams, the founder and chief scientist at the Dfinity Foundation — a nonprofit organization that maintains and facilitates the development of the Internet Computer Protocol (ICP) — recently told Cointelegraph that applications should be fully onchain to prevent the user interface compromise seen in the recent Bybit hack. According to Williams,…

Source: Coin Tegraph The speculative nature of cryptocurrencies personifies the idea that “anything is fair game” when it comes to valuation. These analyses can thread a thin line between being respectable or ridiculed. In 2018-2019, tossing the idea of a $100,000 Bitcoin price was considered so absurd that renowned economists took offense and condemned the…

Source: Coin Tegraph The Bitcoin sell-off, which dominated a majority of the weak, appears to be easing off, with BTC price making a recovery back in the $80,000 range to reach an intra-day high at $85,120.  Some traders believe that Bitcoin (BTC) was overdue for a bounce, given how deeply oversold some of its technical…