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
BLOCKCHAIN

South Korean prosecutors ban Terra employees from exiting the country: report

[ad_1] Terra (LUNA) employees are reportedly unable to leave South Korea as the country's prosecutors imposed a departure ban on key developers of the project.Korean media outlet JTBC reported on Monday that an investigation team from Seoul Southern District Prosecutor's Office has imposed a travel ban on key team members of Terraform Labs. The prosecutors imposed the ban to eliminate the possibility that key officials within the company may go
Business

Ethereum analyst warns of ‘clean fakeout’ despite 30% ETH price rebound

[ad_1] Ethereum's native token, Ether (ETH), underwent a sharp relief rally after falling to $880, its lowest level in eighteen months, on June 18.ETH price regains 30% in two daysEther's price reached above $1,150 this June 19, marking 30%-plus gains in just two days. However, at the beginning of the new weekly session this June 20, the ETH/USD pair hinted at giving up its weekend gains, with its price plunging
BLOCKCHAIN

What Ethereum use case can make ETH a $500B market cap asset: Community answers

[ad_1] While Ether's (ETH) price dip over the weekend may have left investors worried about the digital asset, community members on Reddit conducted a discussion on Ethereum use cases that could potentially push the asset's price upward. In the Ethereum subreddit, a Reddit user asked fellow members of the community about ETH use cases that they think are capable of pushing the asset’s market capitalization to $500 billion. Criticizing smart contract