Bitcoin | Ethereum | Altcoin

2022-06-04 11:19:02 Ethereum at $10,000 by End of 2022 Still Possible, Reiterates Arthur Hayes

Former Bitmex CEO Arthur Hayes said that ETH at $10K by the end of 2022 is still possible, but the market will likely be choppy in the mid-term. Arthur Hayes, the co-founder and former CEO of leading crypto derivatives platform BitMEX, said Terra’s failure was a byproduct of the macroeconomic environment as the Feds raised rates and tightened up its balance sheet.

He also expressed conviction on the broader market in the medium and long term, reiterating that Ethereum could still reach $10,000 at the end of the year. In his view, the market currently is either nearing or at the bottom of the cycle, and a comeback would begin once the Fed slows down the rate hiking process. In his latest blog post, the former CEO predicted that the Fed will continue the speedy process of raising interest rates throughout the Q3.

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2022-06-03 22:49:31 Bitcoin | Ethereum | Altcoin pinned « Leading CryptoNews Channel Cryptocurrency Inside Crypto News Onchain analytics Market updates/insights https://t.me/Cryptocurrency_Inside No Subscription Fee Free of Advertising» Open / Comment

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2022-06-03 20:53:02 Kenya’s largest electricity producer to offer its surplus power to Bitcoin miners

Kenya’s giant energy production company KenGen has offered to supply Bitcoin mining companies with surplus geothermal power following increased demand from different operators.It is believed that companies intending to utilize KenGen’s surplus energy are based in Europe and the United States, considering that Africa does not host any Bitcoin mining firms,” QZ reported on June 2.

According to KenGen, if the company supplies its energy for crypto mining, beneficiaries will have to set up operations at its main geothermal plant about 123 kilometres from the country’s capital, Nairobi. If the plan is realized, Kenya will join El Salvador in exploiting new forms of energy to mine Bitcoin. After declaring Bitcoin as a legal tender, the central American country began the historic mining through volcanic power.

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2022-06-02 12:23:02 Dogecoin co-creator says bigger crypto bubble burst is coming and Elon Musk is a “grifter”

Jackson Palmer is an Australian-born software developer who created Dogecoin, a meme-based cryptocurrency that soon became one of the world’s most valuable digital currencies. He stopped working on the cryptocurrency in 2015 and has since denounced the technology.

Jackson Palmer is an Australian-born software developer who created Dogecoin, a meme-based cryptocurrency that soon became one of the world’s most valuable digital currencies. He stopped working on the cryptocurrency in 2015 and has since denounced the technology.Elon Musk has repeatedly promoted Dogecoin as part of his freewheeling, shitposting schtick, and mentions of the memecoin as recently as this week has sent its value spiking. But Palmer is no fan of Musk or other billionaires.

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2022-06-01 10:49:02 Bot Known for Outperforming Crypto Markets Reveals Portfolio Allocations As Bitcoin and Ethereum Rise

A bot with a reputation for profitability is revealing the latest results of a crypto portfolio survey taken on Real Vision Exchange.The Real Vision bot recently shared a bar graph illustrating how investors are currently most interested in leading crypto assets Bitcoin (BTC), Ethereum (ETH) as well as stablecoin USD Coin (USDC).

Also included in the top five are Ethereum competitors Cardano (ADA) and Avalanche (AVAX), though investors say they are significantly less overweight on the layer-1 blockchains than the top three.“Interesting allocation in the RealVision crypto portfolio. Slight increase in Bitcoin and gold, reduction of equity exposure. Still very much long [US dollar], despite [Raoul Pal] not being bullish on it anymore. The Bot seems to have picked this up already last week”

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2022-05-31 15:48:02 Bitcoin Reclaims $30,000 Level as Crypto Market Turns Green

After a tumultuous month for the crypto markets, Bitcoin (BTC) was poised to extend its losing streak to a record nine weeks. However, that scenario has been narrowly avoided after the leading cryptocurrency jumped in the late hours on Sunday to hit a seven-day high of $30,723.

Though a modest correction brought Bitcoin down to $30,594 by press time, it is still up 5.5% on the last day, according to CoinMarketCap.Despite the latest positive sentiment, data from Coinglass shows that Bitcoin is down 18.63% so far this month, following a 17.3% loss in gains in April.

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2022-05-30 12:28:02 Bank of America CEO Dismisses Crypto

In a recent interview with Yahoo! Finance, Bank of America CEO Brian T. Moynihan stressed that the banking giant was in no rush to dip its toes into cryptocurrencies.“We are not missing on anything. We are driving payments through the roof,” Moynihan said.

While recognizing cross-border payments as a legitimate use case for cryptocurrencies, Moynihan said that stringent regulation prevents it from engaging with the nascent asset class.Bank of America is limited to researching cryptocurrencies on the trading side, but it cannot go as far as managing customers’ accounts with digital assets. As reported by U.Today, the bank created its dedicated crypto research team last July.

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2022-05-29 09:58:02 Binance granted regulatory approval in Italy

Crypto exchange platform Binance has today been handed regulatory approval in Italy.The move comes less than a month after being given the thumbs up to operate in France, where Binance chiefs hinted they would establish the company’s European hub.Binance Italy is now registered as a Cryptocurrency Service Provider with the ‘Organismo Agenti e Mediatori’ (OAM), as required by the Italian legislation on digital assets.

The registration allows Binance to offer crypto products to its customers in Italy as the company continues its drive to operate in compliance with local regulations regarding cryptocurrencies. Regulatory approval represents an important milestone in Binance’s growth strategy for Italy and will allow the company to strengthen its presence in the country by opening offices and expanding the local team.

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2022-05-28 13:32:02 Profitable Ethereum Addresses Hit the Lowest Level in 22 Months

So far in 2022, Ethereum has remained the worst-performing cryptocurrency among the top 5. Amid massive retail and institutional selling pressure, the digital asset plunged below $1,800 on 27 May 2022.Moreover, Institutional inflows in Ethereum investment products have dipped significantly since ETH’s all-time high in November last year.

Compared to an all-time high of almost $4,900 in November 2021, Ethereum is currently down by almost 60%. As a result, a large percentage of ETH addresses are suffering from huge losses. According to the on-chain analytics platform, Glassnode, 58.08% of Ethereum addresses are now in profit, which is the lowest level since July 2020.Outflows from ETH products since 1 January 2022 stand at around $239 million, compared to the inflows of $307 million in BTC products.

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