Owners of cryptocurrencies in Ukraine will be able to legally exchange bitcoin and altcoins, enter them in tax declarations, as well as start a blockchain business. Foreign cryptocurrency exchanges, in turn, for the first time will be able to work in…
Against the backdrop of a record 40-year inflation rate in the U.S., the leadership of the Federal Reserve (Fed) held an emergency meeting on the issue of raising the discount rate. Contrary to the nervous reaction of the markets, the regulator…
The Monero (XMR) cryptocurrency community, which is among the top 50 by capitalization, fears that the network could be under 51% attack. In such a case, members of one mining pool could receive all of the cryptocurrency from mining and cancel…
Nicholas Merten explained why the first cryptocurrency – bitcoin – will continue to grow in the short term. Experts’ opinions may not coincide with the position of the editorial board. We do not give investment advice, the material is published for…
Cryptocurrency Cardano (ADA) is the most undervalued in the market. The oversold level of the asset exceeds the indicators of two years ago, due to which the majority of altcoin holders are in losses. This was reported by crypto analyst Ali Martinez in his Twitter. He came to this conclusion after analyzing MVRV indicator (Market Value to Realized Value) from analytical company Santiment, which shows the difference between profit or loss of investors who bought the asset last year. According to this indicator, holders of ADA are on average 26% loss. Such oversold value has not been seen even since the March 2020 coronavirus pandemic collapse in the financial markets. Cardano is trading at $1.16 According to the cryptocurrency exchange, Cardano is trading at $1.16 as of Feb. 11. During the week, the asset’s exchange rate rose 13%. At the same time, the capitalization of the altcoin is estimated at $38.4 billion. The company believes that the increase in trader activity on the asset can also be judged by the fall in the inflow of funds in the accounts of large investors. And they cite IntoTheBlock data: it has fallen by 94% in 3 months, while in the last 30 or 7 days it has fallen by 26.5% and 32%, respectively. At the same time, there is an outflow (i.e., outflow) of funds from such accounts in almost similar negative values. This may indicate a decline in institutional interest in the asset as a whole. ADA’s historical high was set in September 2021 at above $3. But since then, Cardano’s price has fallen 61%. According to WhaleStats, a service that tracks large moves in the virtual asset market, Cryptocurrency Whale bought 5 million Cardano (ADA) for $6 million on February 9. The transaction fee was $2. Meanwhile, millionaire investors control 24.87% of Cardano’s circulating supply (about 8.34 billion of the 33.57 billion ADA), according to analyst firm IntoTheBlock. In addition, since mid-December-2021, the number of addresses holding between $10,000 and $1 million in ADA has increased by 15,000%
$1.5 billion bitcoin investment in 2021 from Tesla resulted in a $101 million loss due to the first cryptocurrency’s devaluation. The value of the company’s bitcoin assets surged by over half a billion dollars at the same period. While owning BTC,…
A new cryptocurrency bitcoin (BTC) rally may begin much earlier than markets expect. This is evidenced by the drop in activity of cryptocurrency wallets with stablecoins, which may serve as an indicator of the future growth of the Bitcoin exchange rate.…
Contrary to investors’ disappointing start to 2022, the bitcoin exchange rate could increase by almost 400% in the second half of the year. This indicates that BTC retains its leadership position among virtual assets. This is stated in the report “Digital…
Dogecoin (DOGE), backed by billionaire Elon Musk, marked the past year as the most popular meme coin. DOGE, which entered the year in the $0.007 range, peaked at $0.73 in May. Dogecoin, which has increased its value by at least 100…
The number of crypto coins increased sharply in January. In January 2022, the number of cryptocurrencies existing in the market increased by 1 thousand. This implies that each new project of cryptocurrency coin appeared every 45 minutes. According to CoinMarketCar, the…
The cryptocurrency market has been waiting more than a year for the conclusion of the lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC). In a process that has been ongoing since December 2020, experts believe that Ripple is…
BTC (bitcoin) is proposed to be legalized as a legal tender in U.S. Arizona. Now this state may become the first to recognize cryptocurrency at the highest level, although it contradicts the U.S. Constitution. The proposal comes from Wendy Rogers, head…