Cryptocurrency news

• AVAX to $10? A bleak technical outlook shows why buyers have to keep off for now

  21-10-2022 23:57 via coinjournal.net
  Avalanche (AVAX/USD) has lost 90% of its value since the November 2021 high. The token has been falling alongside other major cryptocurrencies in the bear market. The bear momentum is still high, with the cryptocurrency trading at $15. In the past one week, AVAX has lost more than 5% and is looking to head to $10. What’s happening?
  Avalanche has been touted as an alternative platform to Ethereum for DeFi and NFTs. However, the two nascent blockchain sectors have been hit this year. Ac
  
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• Ethereum price outlook: what will drive it from the bear market?

  21-10-2022 23:50 via coinjournal.net
  As the clock ticks, the more certain we become that a bear market is here to last. Recovery looked to have started in June and July, but the elephant in the room remains – macro uncertainty.
  Consequently, Ethereum (ETH/USD) looked on its way up as it tapped $2,000 in August, doubling in value from the July lows. However, the gains have been shuttered, and ETH trades at merely $1262. That begs the question, when will the cryptocurrency bear market end? 
  Galaxy Digital CEO Mike Nov
  
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• How good is XRP after this brutal statement by Ripple against the SEC

  21-10-2022 23:44 via coinjournal.net
  As the Ripple vs. SEC case drags on, interesting twists are popping up. The SEC has finally complied with a court’s order to submit internal documents contested by Ripple (XRP/USD). The documents could prove to be a significant win for Ripple, going by the comments of its CEO Brad Garlinghouse.
  Ideally, the said documents related to internal emails and early drafts of a speech by former SEC official William Hinman. They date back to 2018 and are comments by Hinman when he asserte
  
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• 3 reasons why DeFi investors should always look before leaping

  21-10-2022 23:00 via cointelegraph.com
  DeFi investing is riddled with potholes. Here are a few tips on how to avoid them.
  
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• Unsung hero saves DeFi protocol from potential exploit: Finance Redefined

  21-10-2022 22:30 via cointelegraph.com
  Analytical data reveals that DeFi’s total value registered another dip, with the total value locked (TVL) falling below $50 billion at the time of writing.
  
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• Amendment to UK financial services bill provides regulation for crypto activities

  21-10-2022 22:30 via cointelegraph.com
  The bill addressed stablecoin regulation from the start; now the Financial Conduct Authority will be empowered to regulate activities with crypto assets if the amended bill passes.
  
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• Polkadot co-founder Gavin Wood steps down as CEO of Parity

  21-10-2022 21:30 via cointelegraph.com
  Wood will remain the company’s majority shareholder and take on the title of chief architect, where his focus will shift to developing and promoting the mass adoption of Web3 technology.
  
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• Here's how Bitcoin pro traders plan to profit from BTC’s eventual pop above $20K

  21-10-2022 21:13 via cointelegraph.com
  Traders who believe BTC will break above $20,000 could use this low-risk options strategy to cast a long bullish bet.
  
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• This On-Chain Metric Suggests Bitcoin Not In Danger Of Another Sharp Drawdown

  21-10-2022 21:00 via newsbtc.com
  Historical data of an on-chain indicator could suggest Bitcoin may not be in danger of another sharp crash right now.
  Bitcoin Spot Exchange Depositing Addresses Stay At Very Low Values
  As pointed out by an analyst in a CryptoQuant post, signs are that another crash similar to Q3 2018 isn’t likely to happen currently.
  The relevant indicator here is the “spot exchange depositing addresses,” which is a measure of the total number of Bitcoin wallet addresses that are making send tr
  
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• Hong Kong unveils completed retail CBDC project that has a CBDC-backed stablecoin

  21-10-2022 20:45 via cointelegraph.com
  The Hong Kong Monetary Authority and the BIS Innovation Hub cooperated on a unique CBDC design that reflects the realities of money issuing in the special administrative region.
  
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• Ethereum-based NFT royalties have hit $1.8 billion: Galaxy Digital

  21-10-2022 20:38 via coinjournal.net
  Yuga Labs is the top royalty earner among creators, with Nike topping the consolidated list amongst global brands in NFTs.Ethereum-based NFT royalties have crossed the $1.8 billion market, even as the industry faces a huge debate around the royalty model, Galaxy Digital notes in its latest research insight on the sector.
  But even as the sector navigates this tricky terrain amid broader crypto market malaise, data shows royalty payments, which reflect a percentage of the resale value secondary s
  
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• The Conundrum of Distressed Cryptocurrency Exchange Taxation | Publications - Kirkland & Ellis LLP

  21-10-2022 20:36 via news.google.com
  The Conundrum of Distressed Cryptocurrency Exchange Taxation | Publications  Kirkland & Ellis LLP
  
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• Top 10 losers in the crypto market this week

  21-10-2022 20:34 via coinjournal.net
  The cryptocurrency market has underperformed this week, with prices of most coins down by more than 1% in the last seven days. Bitcoin, Ether, ADA, and the other leading cryptocurrencies have suffered losses this week. The total crypto market cap could drop below the $900 billion mark over the next few days.
  However, here are the top losers in the crypto market in the last seven days. 
  Top 10 losers this week
  Mdex (MDX)
  MDX, the native token of the Mdex ecosystem, is the worst per
  
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• Arca Firm CEO Believes Crypto Winter Has Reached The End, How True Is That?

  21-10-2022 20:12 via newsbtc.com
  In 2018, the cryptocurrency world experienced a crypto winter that saw the value of assets fall below 70-95% of their original value. This period lasted from January 2018 to December 2020.
  Currently, the crypto market is experiencing another chilly winter with its devastating effects felt on the top market player – Bitcoin.
  Despite the adoption and market dominance enjoyed by BTC: it still felt the crippling power of the bearish market cycle. Various predictions and speculations by experts
  
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• Cryptocurrency Lido DAO's Price Increased More Than 3% Within 24 hours - (LDO/USD) - Benzinga

  21-10-2022 20:07 via news.google.com
  Cryptocurrency Lido DAO's Price Increased More Than 3% Within 24 hours - (LDO/USD)  Benzinga
  
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• Cryptocurrency Elrond Down More Than 3% Within 24 hours - Elrond (EGLD/USD) - Benzinga

  21-10-2022 20:06 via news.google.com
  Cryptocurrency Elrond Down More Than 3% Within 24 hours - Elrond (EGLD/USD)  Benzinga
  
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• Cryptocurrency ApeCoin's Price Increased More Than 3% Within 24 hours - APE Coin (APE/USD) - Benzinga

  21-10-2022 20:05 via news.google.com
  Cryptocurrency ApeCoin's Price Increased More Than 3% Within 24 hours - APE Coin (APE/USD)  Benzinga
  
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• Polygon Bulls In Control, According To This Indicator As Bitcoin Continues In A Range

  21-10-2022 20:00 via newsbtc.com
  MATIC’s price remains strong despite price facing rejection from a high of $0.8 as the price holds above the key support area. 
  MATIC breaks out of a descending triangle as the price looks strong despite Bitcoin (BTC) dragging market prices down. 
  The price of MATIC trades above key support of $0.77 as the price continues to trade above 50 and 200 Exponential Moving Averages (EMA) on the daily timeframe. Polygon (MATIC) price has held strong above the key support area after
  
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• Celsius Network defaults on payments to Core Scientific, causing financial unrest

  21-10-2022 20:00 via cointelegraph.com
  Core Scientific claims to be losing approximately $53,000 per day to cover the increased electricity tariffs that Celsius refuses to pay.
  
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• Price analysis 10/21: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, MATIC

  21-10-2022 19:57 via cointelegraph.com
  The S&P 500 and Bitcoin bounced off their nearby support levels, indicating that the bulls have not given up and are possibly buying the dips.
  
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• This Country is Now the Top Cryptocurrency Market in Europe - Business 2 Community

  21-10-2022 19:24 via news.google.com
  This Country is Now the Top Cryptocurrency Market in Europe  Business 2 Community
  
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• New York-based forex broker Oanda launches crypto trading services in US

  21-10-2022 19:00 via cointelegraph.com
  The broker’s partnership with Paxos will enable U.S.-based investors to spot-trade cryptocurrencies on Paxos’ itBit exchange through Oanda’s mobile platform.
  
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• Avalanche (AVAX) May Be Down, But It’s Not Out, Here’s Why

  21-10-2022 19:00 via newsbtc.com
  Avalanche (AVAX) has been hit pretty hard since the bear market started. The digital asset which reached an all-time high of $146 back in November of 2021 is not trading just below $15. This has led to a decline in confidence in the digital asset. However, protocols such as Avalanche have shown over time that they can sometimes be underestimated and the latest announcement from the project proves this.
  Avalanche Keeps Building
  Normally, during the bull market when there is decreased participatio
  
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• Monero price above $140: Where next for XMR?

  21-10-2022 18:36 via coinjournal.net
  Monero’s price remains above $140, but XMR could find it hard to maintain this position as the broader cryptocurrency continues to underperform.XMR, the native coin of the Monero ecosystem, is down by less than 1% over the last 24 hours and is currently trading at $140.66 per coin.
  The recent poor performance has erased the gains recorded earlier this week. XMR is down by roughly 1% in the last seven days and could find it hard to maintain its position above $140.
  What is driving Monero&rs
  
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• This week in crypto: The Aptos blockchain goes live

  21-10-2022 18:12 via coinjournal.net
  Aptos launched its blockchain on Monday, with its native coin going live on several cryptocurrency exchanges later in the week.Aptos is now live
  Aptos Labs blockchain went live on Monday, in the process, became the first of the Facebook spin-off networks to launch. After raising millions of dollars in VC funding, blockchain developers now have a chance to see how it performs compared to the other popular networks like Solana, Cardano, and Ethereum
  The native APT coin also went live on numerous c
  
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• 3 historically accurate Bitcoin on-chain metrics are flashing 'bottom'

  21-10-2022 18:10 via cointelegraph.com
  Key Bitcoin indicators tracking its market versus fair value, as well as long-term holders' confidence, hint at a market bottom formation.
  
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• WhiteBIT Token Will Join Another Cryptocurrency Exchange – Press release Bitcoin News - Bitcoin News

  21-10-2022 17:40 via news.google.com
  WhiteBIT Token Will Join Another Cryptocurrency Exchange – Press release Bitcoin News  Bitcoin News
  
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• ESG and cryptocurrency - Crypto Mode

  21-10-2022 17:30 via news.google.com
  ESG and cryptocurrency  Crypto Mode
  
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• Crypto Biz: Bear market claims another casualty

  21-10-2022 17:30 via cointelegraph.com
  German crypto bank Nuri joins a growing list of crypto service providers to shutter their doors permanently amid the bear market.
  
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• Why The Bitcoin Price May Be Ready To Return To $20,000

  21-10-2022 16:27 via newsbtc.com
  The Bitcoin price managed to close yesterday’s daily candle above critical support, giving bulls a fighting chance to prevent further downside. However, today’s trading session has favored the bears, with BTC moving below the $19,000 area. At the time of writing, Bitcoin stands at $18,900, with a 1% loss in 24 hours and a 2.4% loss in one week. Other cryptocurrencies in the crypto top 10 by market cap follow a similar trend except for Cardano and Solana. These cryptocurrencies a
  
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• Bitcoin price hits 1-week lows as Fed rate hike rumors unsettle market

  21-10-2022 16:21 via cointelegraph.com
  A sudden dip accompanies squabbling over Fed rate hike policy, with BTC price action recovering lost ground.
  
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• Cryptocurrency Chainlink Decreases More Than 3% Within 24 hours - Chainlink (LINK/USD) - Benzinga

  21-10-2022 16:04 via news.google.com
  Cryptocurrency Chainlink Decreases More Than 3% Within 24 hours - Chainlink (LINK/USD)  Benzinga
  
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• Cryptocurrency Ethereum Classic Falls More Than 5% In 24 hours - Ethereum Classic (ETC/USD) - Benzinga

  21-10-2022 16:03 via news.google.com
  Cryptocurrency Ethereum Classic Falls More Than 5% In 24 hours - Ethereum Classic (ETC/USD)  Benzinga
  
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• NetCents Technology Provides Cryptocurrency Merchant Gateway Technology Advancement Update - Yahoo Finance

  21-10-2022 15:30 via news.google.com
  NetCents Technology Provides Cryptocurrency Merchant Gateway Technology Advancement Update  Yahoo Finance
  
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• Uzbeki police get 'how to seize crypto' training from UN security org

  21-10-2022 15:22 via cointelegraph.com
  Uzbekistan's law enforcers were educated on the topics of blockchain analysis and crypto seizure methods.
  
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• New Cryptocurrency Dash 2 Trade Hits $500k in Just 24 hours - NewsBTC

  21-10-2022 15:13 via news.google.com
  New Cryptocurrency Dash 2 Trade Hits $500k in Just 24 hours  NewsBTC
  
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• Web3 projects focus on education to bring Latin American women to the sector

  21-10-2022 15:07 via cointelegraph.com
  Women in Latin America are showing an increased interest in Web3 as organizations aim to drive participation through educational content and scholarships.
  
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• California isn’t the No. 1 state for cryptocurrency enthusiasts—but it still ranks in the top 7 - CNBC

  21-10-2022 15:00 via news.google.com
  California isn’t the No. 1 state for cryptocurrency enthusiasts—but it still ranks in the top 7  CNBC
  
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• Quant Gets Listed On Binance Futures As Price Retests $170; What’s Next For QNT?

  21-10-2022 14:57 via newsbtc.com
  QNT’s price remains strong despite rejection from a high of $220 as the price holds above the key support area. 
  QNT to look green as price takes the crypto market by surprise and leaves bears in disbelief as Binance list QNT in its futures trading platform. 
  The price of QNT trades above $160 as the price continues its uptrend above 50 and 200 Exponential Moving Averages (EMA) on the daily timeframe. The price of Quant (QNT) despite having a rough start to its price in pre
  
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• Telegram username auction marketplace 'almost' ready to launch

  21-10-2022 14:46 via cointelegraph.com
  Telegram said that the development of its marketplace is almost finished, and a launch date will be announced soon.
  
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• Flow Rolls Out Blockchain Tools As Social Dominance, Coin Price Seen Rising

  21-10-2022 14:39 via newsbtc.com
  Anyone who want their protocol to be widely used in the realms of DeFi and dApps will need robust development tools. And that’s exactly what L1 blockchain Flow accomplished not long ago, as reported on their company’s official Twitter page.
  In a blog post from October 18, developer community DZone provided a comprehensive explanation of the tools.
  Their recent show of strength can be directly linked to this change.@DZoneInc share the essential tools for building on Flow and our smart
  
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• What trading ban? China still the biggest cryptocurrency market in East Asia - South China Morning Post

  21-10-2022 14:30 via news.google.com
  What trading ban? China still the biggest cryptocurrency market in East Asia  South China Morning Post
  
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• OpenSea revises NFT rarity ranking protocol after community feedback

  21-10-2022 14:13 via cointelegraph.com
  A community member argued that the new rarity ranking protocol destroys the market-driven rarity structure for some NFT collections.
  
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• The Next Terra Luna? A Major $5 Billion Cryptocurrency Could Be About To ‘Self-Destruct’—Potentially Hitting The Price Of Bitcoin and Ethereum - Forbes

  21-10-2022 13:45 via news.google.com
  The Next Terra Luna? A Major $5 Billion Cryptocurrency Could Be About To ‘Self-Destruct’—Potentially Hitting The Price Of Bitcoin and Ethereum  Forbes
  
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• Not like China: Hong Kong reportedly wants to legalize crypto trading

  21-10-2022 12:56 via cointelegraph.com
  Hong Kong’s securities regulator wants to allow retail investors to invest directly in virtual assets and to reconsider current crypto trading requirements.
  
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• Coinbase claims that cryptocurrency adoption beyond USA is conservative - The Financial Express

  21-10-2022 12:53 via news.google.com
  Coinbase claims that cryptocurrency adoption beyond USA is conservative  The Financial Express
  
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• Can Supontis Token Compete Against The Sandbox And Chainlink In The Cryptocurrency Market? - NewsBTC

  21-10-2022 12:35 via news.google.com
  Can Supontis Token Compete Against The Sandbox And Chainlink In The Cryptocurrency Market?  NewsBTC
  
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• Low hash price, soaring energy costs spell tough Q3 for Bitcoin miners

  21-10-2022 12:34 via cointelegraph.com
  The third quarter of 2022 has not been any kinder to Bitcoin mining operators in North America and Europe.
  
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• BitcoinZ Community Stays Strong amid a General Cryptocurrency Bear Market, Acting as a Safe Haven for Crypto - EIN News

  21-10-2022 12:22 via news.google.com
  BitcoinZ Community Stays Strong amid a General Cryptocurrency Bear Market, Acting as a Safe Haven for Crypto  EIN News
  
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• Global recession may last until near 2024 Bitcoin halving — Elon Musk

  21-10-2022 12:07 via cointelegraph.com
  The world could be stuck with recession until Spring 2024, Musk guesses in a fresh blow to the risk asset outlook.
  
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