Month: November 2021

BTC Updates

The Reasons Behind Digital Currency Group Picking Connecticut as New Headquarters

Digital Currency Group (DCG) is moving to Connecticut, and with this relocation, the company aims to generate over 300 jobs over the next five years. Barry Silbert cited the proximity to major metropolitan areas, infrastructure, talent, business-friendly environment, and facilities as the reasons behind the move. Cryptocurrency behemoth Digital Currency Group (DCG) announced relocating to…

Crypto Updates

Bitcoin Topside Bias Vulnerable If It Continues To Struggle Below $60K

Bitcoin gained pace and climbed above $58,000 against the US Dollar. However, BTC is still struggling to gain pace for a move towards the $60,000 level. Bitcoin started a fresh increase above the $57,000 and $58,000 levels. The price is now trading above $57,000 and the 100 hourly simple moving average. There is a key…

Market Updates

Ethereum Prints Bullish Technical pattern, Why Close Above $4,500 Is Critical

Ethereum gained pace above the $4,350 resistance against the US Dollar. ETH could accelerate higher if there is a clear break above the $4,500 resistance zone. Ethereum is trading in a bullish zone above the $4,350 level. The price is now well above $4,350 and the 100 hourly simple moving average. There is a key…

Market Updates

AMC And Sony To Gift NFTs To ‘Spider-Man: No Way Home’ Advance Opening Ticket Buyers

The theatre chain AMC and Sony Pictures are offering NFT’s as a present for early buyers of tickets for the “Spider-Man: No Way Home” movie premiere. These tickets (and the opportunity to reclaim the gift NFTs) will only be available for users of AMC’s different subscriptions in its app (AMC Stubs A-List, Premiere, or Investor…

Cardano ADA

Hoskinson Defends Cardano Slow Progression

Is Cardano Too Slow? The Cardano network gained a slew of additional features as a result of the Alonzo hard fork, particularly following smart contract inclusion. While the network’s community has been overwhelmingly positive about the enhancements, it has also been chastised for the ‘delay’ in rollout dates. Consider dApps, which were scheduled to begin…

Cardano ADA

Cardano Active Addresses Shoots To New Highs Amid Downtrend

Cardano has recorded a significant uptick in active addresses in recent days. This comes despite the negative news that has surrounded the digital asset following news of mid-sized crypto exchange eToro demising the altcoin for U.S. users. This has sent the price of the asset barreling downwards towards points that had not been touched in…

BTC Updates

Bancor Protocol Announces Features of Its Long-Awaited V3

Bancor Protocol, a decentralized staking platform that allows investors to earn with single-token exposure and full protection from impermanent loss, has released snippets of its highly-anticipated third version. In an official press release shared with CryptoPotato, the project noted that the new version, dubbed “Bancor 3,” will introduce several new features geared toward increasing trading…

Market Updates

Immersion Cooling Gets Attention From Miners Wanting To Squeeze More Power Out Of Equipment

Bitcoin mining companies are now increasingly experimenting with immersion cooling, a form of cooling that allows them to get more hashpower out of existing miners. According to industry insiders, this cooling alternative will become mainstream in the future, as leading companies are already taking advantage and retrofitting these cooling devices to existing mining operations. Immersion…

ETH Updates

Ethereum Regains Strength, Why Bulls Could Aim $4,500

Ethereum gained pace above the $4,250 resistance against the US Dollar. ETH could accelerate higher if there is a clear break above the $4,400 resistance zone. Ethereum is trading in a bullish zone above the $4,250 level. The price is now well above $4,250 and the 100 hourly simple moving average. There was a break…

Cardano ADA

ADA Price Prediction: Here’s Why Cardano is Not a Good Investment

The ADA price has bounced back in the past few hours as investors downplay the risks posed by the new variant to the economy. Cardano is trading at $1.600, which is about 12% above the lowest level last week. Still, this price is about 33% below its highest level this month. Is Cardano a good…