The price of Tron (TRX) is rising while everyone is falling. Is the story of Terra repeating itself?
Despite the fact that the widespread tide in the crypto market is bearish, TRX, native to the Tron network, is rising in price. The reason behind this – a high rate of burning TRX tokens, to issue USDD. At the time of this writing, TRX is trading at $0.08, accumulating a gain of 7.16% in…
Margaret Reed
Ben Bernanke: “Bitcoin is used for illicit activities”
In an interview, Ben Bernanke, the former chairman of the US Federal Reserve (FED), shared his opinion on Bitcoin with CNBC’s Andrew Ross Sorkin. Which indicated that Bitcoin is mainly used in the underground economy for illicit activities. «The main use of Bitcoin is mainly for underground economy activities. And often things that are illegal…
Monero (XMR) is coming out of a 4-year downtrend against BTC
Monero, also like XMR, is throwing a very bullish signal, as it is escaping a downward trend of more than 4 years against the queen of cryptocurrencies, Bitcoin. Now that the widespread tide is bearish in the crypto market, XMR is standing out with gains of 2% in the last 24 hours, and 27% in…
Covert Bitcoin mining grows in China despite Beijing ban
Bitcoin miners have not given up in China, despite the ban by the Chinese government. In 2020, China was the largest crypto mining center in the world, accounting for between 67% and 75% of the total hash rate of the Bitcoin network. However, China’s participation plummeted to zero between July and August 2021, when the…
Ethereum plummets after problems in the Beacon test network. Is there more blood coming?
After problems arose on the Beacon Chain (an Ethereum test network), the price of ETH plummeted by almost 12%, re-injecting fear into the entire crypto market. At the time of this writing, ETH is trading at $1,872, accumulating a loss of 6.58% in the last 24 hours. The test chain called Beacon, is a test…
What should I keep in mind when investing in Bitcoin
Today, there are many accredited cryptocurrency exchanges in the EU, as well as international exchanges that offer Bitcoin in Spain, however, how to trade on them remains a fairly common doubt. In addition, there are multiple payment methods to buy Bitcoin or other cryptocurrencies, and these can sometimes be somewhat confusing for those who are…
Michael Saylor: “Bitcoin is going to reach the millions”
Michael J. Saylor is an American entrepreneur and business executive, CEO of MicroStrategy. And despite the massive sale of Bitcoin, he stands firm in his decision: “Buy and hold Bitcoin.” «There is no target price. I hope that we will be buying Bitcoins in the local top forever. And I hope Bitcoin will reach the millions. So…
Avalanche (AVAX) is one of the biggest losers this week, and it could still get hit harder
Avalanche (AVAX) is the 2nd biggest loser in the crypto market this week, only below the Terra USD stablecoin, which has lost 54.17% in the last 7 days. At the time of this writing, AVAX is trading at $23.01, accumulating a loss of 4.92% in the last 24 hours, and 24.96% in the last 7…
Andrew Kang indicates that MicroStrategy will not sell its Bitcoins
Andrew Kang, chief financial officer (CFO) of MicroStrategy, has signaled that the firm will not back down from its Bitcoin investment plans. Despite the correction of it. He even pointed out that investors are aligned with the company’s decision. Currently, Andrew Kang, with a Bachelor of Arts in Biology and a postgraduate degree in Accounting,…
Weekly Bitcoin analysis. The RSI indicates a larger oversold than in May 2020!
Bitcoin continues to be wrapped up in a dominant bearish direction in the short term, however, several metrics continue to show positive signals. At the time of this writing, BTC is trading at $29,185, accumulating a slight gain of 0.83% in the last 24 hours, although losing 2.28% in the last 7 days. In the…