crypto blog
Tesla launches Dogecoin payments for merch but there is a catch
Tesla CEO Elon Musk announced that Tesla now accepts Dogecoin (DOGE) as payment for the company’s merchandise. DOGE-eligible products in the Tesla store can be purchased by sending DOGE to Tesla’s Dogecoin wallet. While it’s accepting DOGE, the firm also clarified that they are not taking any other crypto. The company states that it cannot detect other assets but DOGE on its website. The business tells customers that “non-Dogecoin digital assets sent to Tesla will not be returned to the purchaser.” Additionally, items purchased with DOGE “cannot be returned, exchanged or canceled.” Tesla considers all sales made through DOGE as final that cannot be exchanged for cash. Tesla merch buyable with Dogecoin — Elon Musk (@elonmusk) January 14, 2022 Dogecoin creator B...
TokenBot helps crypto traders build social communities and monetize market knowledge
There are many advantages to automating one’s trading tactics instead of pointing and clicking with a mouse. For starters, bots can execute trading decisions free of emotion, are lighting fast and have far fewer margins of error. According to CNBC estimates, crypto trading bots account for 70% to 80% of the overall trading volume. TokenBot is an automated copy-trading platform designed for social trading groups and communities within messaging apps such as Discord, Telegram and Slack. Once added to a social media group, TokenBot monitors the admin’s account on an exchange and automatically notifies members of their trading activity details in real-time. The bot has more than 8,000 daily active users and streams close to $100 million per day in trading volume. In an exclus...
Iota selected for Phase 2A of EU blockchain initiative
On Thursday, the Iota Foundation, which oversees developments in the namesake Internet-of-Things transactions blockchain (IOTA), announced that it had been selected as one of five contractors by the European Commission to develop blockchain and distributed ledger technology in the region. According to the announcement, phase 2A aims to advance European Blockchain Services Infrastructure, or EBSI, in five areas: It will investigate the feasibility of sharding as to exponentially scale the Iota network on EBSI. Develop an approval weight consensus mechanism that will be highly flexible and allow both permissionless and permissioned use cases. Ensure any Iota-based solution for cross-border transfers abides by EBSI governance structures and any regulatory requirements from EU member states. I...
Analysts expect turbulent Bitcoin price until $46,500 flips to support
Market volatility reared its ugly head once again for crypto traders on Jan. 13 as the excitement of Bitcoin (BTC) hitting its highest level in a week was quickly thwarted by a correction that thrust the cryptocurrency back into the mid-$45,000 range. Data from Cointelegraph Markets Pro and TradingView shows that after reaching an intraday high of $44,500, bears took control of the Bitcoin market and hammered the price to a low of $42,315 while the wider global financial markets also experienced a noticeable sell-off. BTC/USDT 1-day chart. Source: TradingView Here is what several analysts in the cryptocurrency community are saying about Jan. 13’s price action and what levels traders should keep an eye on. 50-day EMA becomes the new resistance Analysis of Bitcoin’s weekly p...
Shiba Inu (SHIB) fetches 30% gain on Robinhood listing rumor and bullish chart pattern
Shiba Inu (SHIB) seems to be preparing for a bullish breakout as a falling wedge pattern begins to form. The price of SHIB has been trending lower inside an area defined by two contracting trendlines while accompanying a decline in trading volume. That shows that investors have been less concerned about the downtrend. As a result, falling wedges typically provide an ideal springboard for an upside break once the price closes above the structure’s upper trendline. On Thursday, SHIB showed signs of following a similar topside break. SHIB/USDT daily price chart featuring a falling wedge. Source: Fiery Trading Notably, the token briefly closed above the falling wedge’s upper trendline, hitting an intraday high of $0.00003290. The upside move raised anticipati...
Former CFTC chair Giancarlo joins CoinFund as an adviser
Blockchain investment firm CoinFund has appointed former United States commodities regulator J. Christopher Giancarlo as a strategic adviser — a move that should help the Brooklyn-based company navigate the complex, ever-changing regulatory requirements in its home country. Often referred to as “Crypto Dad” by the blockchain community for his support of digital assets, Giancarlo was nominated as commissioner of the Commodity Futures Trading Commission (CFTC) in 2014. In January 2017, he became the agency’s acting chair before assuming the role full-time in August of the same year. He held the position until July 2019. CoinFund president Christopher Perkins described Giancarlo as a “driving force” of innovation at the CFTC, especially for advocating “thoughtful crypto policy in the Un...
Bitcoin sells off after $44K resistance tap, eliciting scrutiny from options traders
Bitcoin (BTC) fell more than 2% from local highs during Jan. 13 in the latest move to keep market participants guessing about what’s to come for the largest digital asset. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “One step at a time” Data from Cointelegraph Markets Pro and TradingView tracked the pullback for BTC/USD after the pair hit its highest levels in more than a week. A trip to $44,450 on Bitstamp after the Wall Street open was followed by an hourly candle that at one point sparked losses of $1,500. A fresh sign that rangebound activity remains the order of the day for Bitcoin, bulls were disappointed after multiple calls for a fairly easy squeeze toward $46,000. For popular trader and analyst Scott Melker, “There was still no clear sign of direction.” ...
Japan-based crypto exchange DeCurret plans to sell to HK’s Amber Group: report
The holding company behind DeCurret, the Japan-based company offering trading and exchanges of digital assets, reportedly plans to sell its crypto business to investment platform Amber Group. According to a Wednesday report from the Nikkei newspaper, DeCurret Holdings intends to sell the crypto branch of its business to the Hong Kong-based company Amber Group in February. Though the details of the acquisition are unclear, the news outlet reported that the sale price would be in the millions of dollars. DeCurret established a new business structure in December 2021, launching a holding company, DeCurret Holdings, and separating its digital currency and crypto business into separate subsidiaries. Under the proposed arrangement, DeCurret Inc. will represent the company’s crypto exchange busin...
Bitcoin cycle is far from over and miners are in it for the long haul: Fidelity report
Fidelity Digital Assets — the crypto wing of Fidelity Investments which has $4.2 trillion assets under management–shared their “two sats” on the future of the digital assets space. The key takeaways touched upon miners’ behavior and Bitcoin (BTC) network adoption. In the annual report released last week, the group shared some insights into the world of BTC mining: “As Bitcoin miners have the most financial incentive tho make the best guess as to the adoption and value of BTC (…) the current bitcoin cycle is far from over and these miners are making investments for the long haul.” The report stated that the recovery in the hash rate in 2021 “was truly astounding”, particularly when faced the world’s second-largest economy China banning Bitcoin in 2021. The rebound in hash rate s...
Top 3 gambling tokens to buy on January 13: BETU, FUN and XED
BETU’s trading volume increased by 33% in the last 24 hours. FUNToken is at a solid price point to buy as it has huge potential for growth. XED’s value increased by 9% in the last 24 hours. Betu Verse is a virtual reality platform where players can enjoy interactive games and experiences within the licensed metaverse hotel and casino, where BETU is the cryptocurrency token that powers it. FUNToken is an asset specifically developed for the online gaming and gambling industry and utilizes the Ethereum blockchain alongside a cutting-edge tech slack which makes the FUN token a powerful resource for players. Exeedme is a blockchain-powered tournament platform that lets players of all skill levels monetize their skills. XED is the token that powers this platform, and players can earn XED for en...
Visa and ConsenSys to build bridging tech for CBDCs in latest collaboration
The payment services behemoth intends to enable user transactions via digital wallets or CBDC-enabled Visa cards International payment services company Visa has partnered with software tech firm ConsenSys to create on-ramp tech for Central Bank Digital Currencies (CBDCs). The partnership reported first by Bloomberg earlier today seeks to advance sovereign digital currency networks. Visa said it would build a CBDC sandbox that will be available in the coming spring. This isolated testing environment would help central banks test CBDC prototypes and pilot programs. The global financial company hopes that this initiative will help bridge the existing rift between financial systems and CBDCs “We’ve spoken with nearly 30 central banks to understand their perspectives on CBDCs and to...
Dorsey spearheads new defence fund to protect Bitcoin developers from legal woes
The board of the fund would determine which cases and defendants receive assistance With the growth of the crypto scene, Bitcoin and its larger crypto community has become even more targeted by regulatory bodies and consequently suffered huge settlements in fines. A new initiative by three Bitcoin proponents is seeking to improve this situation. Former Twitter chief Jack Dorsey, alongside two other Bitcoin advocates Martin White and Chaincode Labs co-founder Alex Morcos will make up the board on a new fund, Bitcoin Legal Defense Fund, meant to provide “a coordinated and formalized response to help defend developers.” A ‘bulwark’ for software developers According to an email sent to Bitcoin developers yesterday, the new fund would be dedicated to protecting dev...
