In his 30-page investigation, “The Maltese Falcoin: On cryptocurrencies and blockchains,” Cembalest swoops on what he sees as crypto’s much-vaunted but brittle use cases, such as store of value, cross-border remittances, decentralized finance (DeFi), non-fungible tokens (NFTs) and blockchain adoption in financial services. Source link

by Analytics Insight February 4, 2022 Solana is experiencing a bullish market in the highly volatile cryptocurrency market The crypto market got a breather by the end yesterday, and today, most cryptocurrencies have recovered from the plunge experienced in the past 2 days. But the market looks bullish, with most of the cryptocurrencies already green today. However, the gains vary from one coin to the other, with Solana, Bitgert, and Centcex exhibiting bullish growth. Here is a breakdown… Source link

Sean Farrell is the head of digital asset strategy at Fundstrat Global Advisors. In a 2022 outlook webinar, Farrell breaks down why he doesn’t think a crypto winter is coming.  He also lays out the catalysts that could drive bitcoin and ethereum to $200k and $12k by yearend. The drumbeat of gloomy news and confidence-deflating price actions in the crypto market lately… Source link

The Nasdaq-listed company Microstrategy sees “evidence of a lot more institutional adoption” of bitcoin. The firm cited various reasons including “The circumstances and the currency volatility” in Turkey, South America, and Africa — “all of these things have elevated institutional awareness of bitcoin.” Microstrategy Outlines Future Outlook for Bitcoin The Nasdaq-listed software company Microstrategy discussed the future outlook for bitcoin during the company’s Q1… Source link

Litecoin (CRYPTO: LTC) is trading slightly lower Thursday and looks as though it is forming a bottom. The crypto has been moving sideways for a couple of weeks after seeing a strong bearish market and could be turning around. The crypto market as a whole is seeing a red day today with many cryptos falling slightly. Litecoin is up 0.25% over 24 hours at $109.13.  See Related: Is Litecoin Due For A Reversal Soon? Litecoin Daily Chart Analysis The crypto looks to be trying to… Source link

Text size Bitcoin has a supply of tokens that don’t respond to changes in price or demand. Dreamstime Bitcoin… Source link

What happened Today’s price action among top cryptocurrencies Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Dogecoin (CRYPTO:DOGE) certainly has investors on edge. As of 11:30 a.m. ET, these tokens have declined 1%, 0.7%, and 1.5%, respectively. As in previous weeks, high correlation among these top tokens and higher-risk equities appears to be the fundamental driver of this underperformance today. Following rather underwhelming results… Source link

Litecoin has acted resiliently to a market-wide sell-off this week as it keeps its head afloat above the $100 level of support. It is now the 21st largest cryptocurrency by market cap with a valuation of $7.5 billion. Despite a notable bounce from $105, trade volume has subsided over the past 24-hours with just $723 million being traded across all exchanges. The direction of Litecoin as it approaches the weekend will also depend on whether Bitcoin can rally back to the… Source link

Image source: Getty Images The second-largest crypto by market capitalization continues to quietly build its case for a potential breakout this year. Key points Ethereum’s current price action is trading at a 46% discount off its peak. It is maintaining share in popular NFT and DeFi arenas… Source link