A popular crypto analyst is breaking down how the partnership between two financial giants could trigger a Bitcoin (BTC) explosion to $773,000. Last week, US-based crypto titan Coinbase announced that it teamed up with BlackRock, the biggest asset manager in the world, to bring cryptocurrency trading to wealthy clients. In a new strategy session, the host of InvestAnswers tells his 443,000 YouTube subscribers that the partnership could boost Bitcoin’s market cap by a trillion… Source link

On 8th August 2022, the US Treasury Department imposed sanctions on USDC and ETH addresses linked to Tornado Cash. The mixer, as such, was involved in few recent hacks in the DeFi world, including the Wormhole attack in February, the Ronin network hack by the North Korea-affiliated Lazarus Group in March, and the Horizon bridge attack in June. The body revealed that individuals and groups had used Tornado Cash to launder more than $7 billion worth of crypto since 2019. Read More:

A popular crypto strategist says that a breakout rally is in sight for leading smart contract platform Ethereum (ETH). The crypto analyst known in the industry as Kaleo tells his 531,000 Twitter followers that Ethereum has broken out of its diagonal resistance against Bitcoin (ETH/BTC), and the pair looks primed for a new leg up. “ETH/BTC looks ready to finally rip higher… This is bullish.” Source: Kaleo/Twitter At time of writing, the ETH/BTC pair is trading for 0.073 BTC… Source link

Deriving their names from the size of the massive mammals swimming around the earth’s oceans, cryptocurrency whales refer to individuals or entities that hold large amounts of cryptocurrency.  In the case of Bitcoin (BTC), someone can be considered a whale if they hold over 1,000 BTC, and there are less than 2,500 of them out there. As Bitcoin addresses are pseudonymous, it is ofte difficult to ascertain who owns any wallet. While many associates the term “whale” with some lucky early… Source link

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content. Bitcoin has broken out of its trading band (USD 19,000- USD 23,000) and through the resistance of the 50-day moving average on the daily chart. The United Kingdom continues in its efforts to establish a regulatory framework for cryptocurrency, and Jerome Powell stated that the most recent rate hike would be the last… Source link

This is an opinion editorial by Captain Sidd, finance writer and contributor to Bitcoin Magazine. “When deeds speak, words are nothing.” — African proverb Grokking Bitcoin’s potential impact on the world often starts with diving into the enormity of the problem with fiat currency. The vast moral hazards and twisted incentives inherent in any centrally controlled monetary system or market make for plenty of pains to highlight. It’s no surprise then that Bitcoiners — especially on… Source link

The king of altcoins has shared a close correlation with Bitcoin since forever. Needless to say, every move made by the king coin has had some impact on Ethereum. That dynamic is beginning to change, however, and this might bear a good result for the second-generation cryptocurrency and its investors. Ethereum rises beyond Bitcoin Over the last couple of weeks, the crypto-market has fluctuated between bullish and bearish. Although on a macro time frame, Ethereum has gained… Source link

Monero Classic receives a strong long-term technical score of 73 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. XMC currently holds a superior long-term technical… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin’s growth over the last month has expedited bullish recovery efforts in the crypto-market. The spillover effects of this growth in the altcoin market were quite evident, especially with double-digit monthly gains. As a result, Litecoin [LTC] buyers found renewed pressure that encouraged its recovery beyond the 20 EMA (red) and the 50… Source link

Ethereum co-founder Vitalik Buterin said the blockchain’s software transition is unlikely to be significantly impacted even if some miners gravitate to alternative chains to mint tokens. Ethereum Classic, an earlier fork which still uses the proof-of-work mechanism that relies on massive electricity, could be one of the biggest beneficiaries of any miner exodus. Ethereum’s upgrade is expected to impact earnings for as many as one million miners. Some that are already looking for a… Source link