Blog - Page 426 of 493

Trades In Known Territories; Next $0.000022 On The Way?

SHIB price edges lower on Thursday wiping out some of the previous session gains. The price continues to trade in a short-term trading range. A breakout of the range will dictate the next directional bias for the asset. SHIB price trades in long-term consolidation zone with negative bias. A rejection near $0.000030 put the price on test to revisit the lower trading zone at $0.000022. Technical set up indicates the probability of breaking the trading channel on the lower side.

SHIB price retraces...

Amazon CEO Hints at Possible NFT Sales in the Future

Key Takeaways

Amazon CEO Andy Jassy said in an interview today that he could see the company selling NFTs "down the road." He also said that Amazon probably isn't close to integrating cryptocurrency payments for its retail business. Despite expecting the NFT space to grow, Jassy revealed that he didn't own any non-fungibles himself.

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In an interview today, Andy Jassy, the CEO of Amazon, the world’s largest online retailer, said he expects NFTs to continue growing and sees the company starting...

Terra’s UST Reserves Hit One-Mth Low, Here’s Why

A recent decline in the crypto market was reflected in Terra’s stablecoin reserves, which sank to a one-month low this week. The reserves, which are maintained by the Luna Foundation Guard (LFG), have a high concentration of Bitcoin. The overall value of the reserve now stands at $2.4 billion, according to data from the data from the LFG. It had on Tuesday sunk to a one-month low of $2.1 billion, likely tracking a sharp decline in BTC. While the reserve has...

Nexo Co-Founder Predicts Bitcoin Could Reach $100K ‘Within 12 Months’

Antoni Trenchev, Co-Founder and Managing Partner of Nexo, “the world’s largest and most trusted lending institution in the digital finance industry”, is expecting the Bitcoin price to get to $100,000 within a year. According to a report published by CNBC earlier today (April 14), the Nexo managing partner...

Wikipedia To Halt Crypto Donations Over Energy Concerns

The Wikipedia Community on Thursday closed a long-running vote over whether the encyclopedia should stop accepting donations in cryptocurrencies. At the final tally, about 71% of the community voted against receiving crypto donations. The key reasoning behind the vote was the high power consumption of crypto networks, which tends to have an adverse environmental impact. The argument has been levelled against several proof-of-work tokens, such as Bitcoin (BTC) and Ethereum (ETH). The results of the vote will now be considered...

Tether CTO Addresses Stablecoin’s Fiat Backing As $USDT Launches on Kusama ($KSM)

On Wednesday (April 13), Paolo Ardoino, CTO at Tether (and Bitfinex), said the fiat-backed stablecoin issuer has been taking “enormous steps” to increase transparency and to “reduce dramatically” its exposure to commercial paper. Tether, which was launched in 2014, is the issuer of the dollar-pegged stablecoin with the...

Peterson, Alden, Weinstein, Stark & More –

And here it is, the bitter end of the Bitcoin 2022 coverage. As we said in the previous post, the afternoon was disappointing, to say the least. The conference’s organizers took their shot with big-name guests from the so-called “Intellectual Dark Web” and they missed. Both Jordan Peterson and Eric Weinstein misunderstood the assignment and barely spoke about bitcoin. Did they present interesting ideas? Maybe. They weren’t bitcoin-related, though. On a positive note, Nathalie Brunel hosted the afternoon session. She...

Shiba Inu ($SHIB) Trading Volume Explodes After Robinhood Listing As Long-Term Holders Keep Accumulating

The trading volume of the meme-inspired cryptocurrency Shiba Inu ($SHIB) has exploded upward shortly after it was listed on the commission-free trading platform Robinhood, along with Polygon (MATIC), Compound (COMP). According to data shared by on-chain and social analytics platform Santiment, Shiba Inu’s trading volume shot upward after...

Tether’s CTO Says It Will Reduce Commercial Paper Holdings

Key Takeaways

Tether's CTO Paolo Ardoino told CNBC that the stablecoin issuer would continue to reduce its commercial debt holdings. He also said that Tether would improve the transparency of its USDT reserves moving forward. Tether has faced legal action for allegedly making false claims about its cash reserves.

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Tether’s chief technology officer has said that the firm would continue to diminish its commercial debt holdings and improve transparency surrounding the reserves that back its USDT stablecoin.

Tether’s Holdings

The...

Wikimedia Voters Support Ban on Crypto Donations

Key Takeaways

Wikimedia voters expressed overwhelming opposition to crypto donations in a vote that concluded this week. Concerns were raised around the environmental impact of crypto mining and implicit support for crypto projects. Wikimedia has not said whether it will end crypto donations, but has said that very little of its revenue comes from crypto.

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Contributors to Wikimedia have overwhelmingly voted that the project’s foundation should stop accepting cryptocurrency.

71% of Voters Oppose Crypto Donation

Wikimedia could soon end support for cryptocurrency donations...