Business

Why the crypto market crash may play in Bitcoin’s favour

[ad_1] Natalie Brunell, the host of Coin Stories podcast, thinks that the recent incidents involving Terra and Celsius and the following market sell-off will lead to regulatory action that will likely favour Bitcoin over the rest of cryptocurrency. “I'm going to be watching for regulation developments, just signifying that Bitcoin is a digital property and that maybe there's more fair accounting that can be done to allow institutions to invest", she
Business

ProShares will launch ETF aimed at shorting Bitcoin following dip under $20K

[ad_1] The firm behind one of the first Bitcoin futures-linked exchange-traded funds in the United States will give investors a new vehicle to bet against the price of the cryptocurrency.In a Monday announcement, exchange-traded fund issuer ProShares said its Short Bitcoin Strategy ETF would be available for trading on the New York Stock Exchange, or NYSE, starting Tuesday under the ticker BITI. The vehicle will allow U.S. investors to bet
Business

‘Bitcoin dead’ Google searches hit new all-time high

[ad_1] Collapsing Bitcoin (BTC) prices are reviving renewed speculation about the demise of the leading cryptocurrency, according to Google search trends. Google searches for “Bitcoin dead” spiked in the week ending June 18 and likely reached the highest level on record. Google Trends tracks interest in search terms over time, assigning scores of 1 to 100 based on the total number of user queries. The data are anonymized, categorized by topic
Business

BTC price recovers to 3-day highs as new whale support forms at $19.2K

[ad_1] Bitcoin (BTC) held steady at the June 20 Wall Street open as nervous traders waited for a short-term trend decision.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader flags Bitcoin "macro bottoming period"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to just shy of $21,000 at the time of writing, a three-day high.The weekend had spooked the majority of the market and liquidated speculators with a trip to $17,600,
ALTCOIN

How to identify toxic NFT gaming projects

[ad_1] Over the last couple of years, games using blockchain technology have been actively developing and attracting new players, and the decentralized games market — broadly referred to as GameFi — has gained great popularity. The GameFi industry started back in 2013, and since then, the sphere has been slowly developing, but in 2021 the popularity of decentralized games exploded along with the boom in nonfungible tokens (NFT). According to the
Business

Record stablecoin market share points to crypto upside: JPMorgan

[ad_1] The rapid surge in share of stablecoins like Tether (USDT) in the cryptocurrency market may point to an upcoming crypto upside, according to analysts at the American investment bank JPMorgan Chase.The percentage of stablecoins in the total crypto market value has been on the rise, reaching new historical highs in mid-June, JPMorgan strategists believe. Led by JPMorgan crypto market analyst Nikolaos Panigirtzoglou, the analysts provided their industry insights in