Day: May 13, 2021

Bear Phase Fractal Warns Of Pain, Bitcoin Bull Market To Remain Unbroken

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The rug was just pulled across crypto, wiping out gains from the past week and then some. Bitcoin is now back at prices from March, and is at risk of falling deeper into a bear phase according to a fractal found in the recent price action. What’s notable, is that the same fractal suggests that the bull market isn’t yet over, despite the change to a bear trend for the time being. Here’s what the trajectory of Bitcoin could look like based on Elliott Wave Theory, the LMACD, and the…

Blockchain sector drives female participation through funding and education

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While it’s encouraging to see that the number of female crypto investors is on the rise, women participation within the blockchain technology sector remains low.  This was recently confirmed in a report from the World Economic Forum, which found that the COVID-19 pandemic has pushed back gender parity by an entire generation. Vesselina Ratcheva, new economy and society lead for the World Economic Forum, further told Cointelegraph that women indeed remain a minority in the blockchain industry. Funding of women-led blockchain projects Fortunately, a number of new funding initiatives are…

Mark Cuban counters Elon Musk, says Mavs will continue to accept Bitcoin

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Billionaire investor Mark Cuban will not be following in Tesla CEO Elon Musk’s footsteps in withdrawing support for Bitcoin (BTC) payment. Tweeting in response to Musk on Wednesday, the Dallas Mavericks owner remarked that the Mavs will continue to accept Bitcoin, Ether (ETH) and Dogecoin (DOGE) as payment means for tickets and merchandise items. We at https://t.co/VUydpLFzGh will continue to accept BTC/Eth/Doge because we know that replacing Gold as a store of value will help the environment https://t.co/bs7NvnJY8A and https://t.co/ELhbuLOBRV shrinking big bank and coin usage will benefit society and…

Crypto Market Tumbles After Tesla Halts Bitcoin Payments

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Key Takeaways Elon Musk has announced that Tesla will no longer accept Bitcoin payments, citing environmental concerns. Tesla will still hold onto its Bitcoin and look for sustainable mining solutions, Musk says. Bitcoin, Ethereum, and various other crypto assets have dipped in response to the news. Share this article Tesla’s Bitcoin U-turn sends crypto assets tumbling.  Tesla Halts Bitcoin Payments  Tesla will no longer accept payments in Bitcoin, Elon Musk has announced.  The self-described “Technoking of Tesla” took to Twitter to explain the decision late last night.  Tesla & Bitcoin…

SoftBank founder hesitant on Bitcoin but says it ‘can’t be ignored’

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Tesla’s tag game with Bitcoin (BTC) might have triggered a race in the corporate world to invest in crypto, however, SoftBank still prefers to take a more cautious approach. Answering questions at SoftBank’s earnings news conference, Japanese tech giant’s founder Masayoshi Son admitted that he doesn’t know if crypto is good or bad. “There’s a lot of discussion over if it’s a good thing or a bad thing, what’s the true value or is it in a bubble — honestly speaking, I don’t know,” Son said, according to Bloomberg. Son…

Hong Kong to expand pilots for cross-border use of digital yuan

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The Digital Currency Institute of the People’s Bank of China and the Hong Kong Monetary Authority are quickly moving forward with their joint testing of the use of the digital yuan for cross-border payments. According to Bloomberg, this week, the HKMA staff confirmed that the first phase of testing for the currency’s cross-border use had been successful. The initial tests involved multiple parties, including selected merchants and a bank designated by mainland Chinese authorities. HKMA said that plans for the next phase of pilots are already underway: “We have tested…

You can buy condos with DOGE in Portugal as crypto real estate listings soar

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Dogecoin has often been seen as a joke coin, or an asset for TikTok speculators to gamble on, but now you can buy entire luxury apartments in Lisbon, Portugal with the currency. #fntx #btc #doge #cardano #ada #dogecoin #355outubro #portugal #lisboa #portugalrealestate pic.twitter.com/uiPuTnOA55 — FNTX Suisse (@FNTX_Suisse) May 11, 2021 Zug-based crypto payments and OTC liquidity provider FNTX Capital Suisse has partnered with Portugal-based property developer, 355 Developments to offer condos for crypto in the capital. The partnership will enable buyers to purchase apartments with Doge, Bitcoin, Ethereum and Cardano…

Ethereum Dives Below $4K, Here’s Why ETH Could Struggle In Short-Term

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Ethereum started a major decline from well above $4,000 against the US Dollar. ETH price is now correcting losses from $3,500, but it could struggle near $4,050 and $4,100. Ethereum topped near the $4,375 before staring a downside correction. The price declined heavily below $4,000 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $4,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair is correcting higher, but it is likely to face sellers near $4,050…

Bitwise launches US ‘crypto ETF’… sort of

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Bitwise Asset Management has announced the launch of its Crypto Industry Innovators exchange-traded fund, or ETF. Unlike the numerous proposals for Bitcoin and cryptocurrency ETFs offering direct exposure to digital assets that the U.S. Securities and Exchange Commission takes great delight in shooting down, Bitwise’s new fund, dubbed BITQ, offers exposure to the shares of leading “public companies that are participants in the growing Bitcoin and cryptocurrency sector.” Announcing today’s launch of the Bitwise Crypto Industry Innovators ETF (NYSE: $BITQ)! $BITQ holds public companies backing bitcoin and crypto innovation. Available…

Bitcoin Nosedives $10K, Here’s Why Recovery Could Face Hurdles

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Bitcoin price declined over $10,000 against the US Dollar after Elion Musk’s tweet. BTC is now correcting losses, but the previous support near $52,000 could act as a hurdle. Bitcoin started a major decline from well above $55,000 and it even traded close to $45,000 The price is now trading well below $55,000 and the 100 hourly simple moving average. There was a break below a key rising channel with support near $57,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is correcting losses,…