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Understanding Bear Traps and Bull Traps in Cryptocurrency Trading
Often the change in the cryptocurrency trend occurs not immediately, but gradually. This gives rise to the so-called bull and bear traps. How to identify them in time and not to incur losses? What is a bear trap The bears inΒ tradin ...
Tether Diversifies Reserves, Invests $1.5 Billion in Bitcoin: Tether’s Approach to Asset Management
The management of the operator of the largest stabelcoin Tether decided to invest in bitcoin up to 15% of net profit every month to diversify reserves. As of now, the company has already invested $1.5 billion in BTC. While many com ...
Bitcoin Whales Continue Accumulating as Analysts Anticipate Price Surge
Analytics company Santiment reported that major bitcoin holders continue to accumulate BTC holdings, with the whale stocks increasing by 84,897 BTC ($2.3 billion) in the past five weeks. Santiment analysts put wallets holding between 1Β 000 and 10Β 000 BTC on the whale list ...
Morgan Creek CEO Predicts Crypto-Summer to Commence in Mid-June
The CEO of investment firm Morgan Creek Capital believes that the "crypto-summer" is likely to begin in mid-June. Mark Yusko said in an interview with Blockworks that his previous predictions about the start of a bullish trend in the cryp ...
Lightning Labs Releases Taproot Assets Protocol v0.2: Enhancing Bitcoin Transaction Efficiency
Lightning Labs, developer of Lightning Network, announced the release of Taproot Assets Protocol v 0.2. update, which will avoid possible delays in transaction processing due to Bitcoin network congestion. "We are seeing a surge of interest in Bitcoin blockchain asset ...
Attackers Tamper with Hardware Cryptocurrency Wallet and Steal $30,000 Worth of Bitcoins
Kaspersky Lab experts described an incident in which attackers were able to tamper with a hardware cryptocurrency wallet and steal $30,000 worth of bitcoins. Hardware wallets are a more secure method of storing cryptocurrency compared to software hot wallets. They are ...
Soluna Secures $14 Million Funding for Renewable Bitcoin Mining Centers, Shares Rise
Shares of Soluna, a developer of environmentally friendly bitcoin mining data centers, rose 12% after the firm raised $14 million in funding. The funds will be used to complete the development of the Dorothy 1B project in Texas in a new deal with Navitas Global. The deal ...
Hedge Fund Manager Paul Tudor Jones Expresses Concerns Over Bitcoin Amid Regulatory Pressures
Hedge fund manager Paul Tudor Jones, who has always advocated investing in bitcoin, said that the first cryptocurrency has become less attractive in the current regulatory and economic situation. During CNBC's Squawk Box program, Paul Tudor Jones noted that U.S. regulators ...
Bitcoin Transaction Fees Plummet as Ordinals and BRC-20 Token Hype Subsides
The growth of commissions in the Bitcoin network on the background of the unexpected popularity of Ordinals and BRC-20 tokens, as some analysts predicted, quickly stopped and indicators have almost returned to normal. The average transaction fee per transaction fell to $3 ...
JAN3 CEO Predicts Subsiding Hype Around Bitcoin’s NFT and BRC-20 Tokens
JAN3 CEO Samson Mow thinks the hype around Bitcoin's NFT counterpart and BRC-20 tokens will subside in just a few months. After the emergence of the Ordinals project and the launch of support for BRC-20 standard tokens, the load on the blockchain of the first cryptocurrency ...
