Weekend Reads | Analyst: Bitcoin on track for massive post-halving bull run despite current bearishness | Explaining the big Bitcoin drop: BTC network stats and technical analysisBinance CEO to sue The Block over alleged fake Shanghai police raid story | Crypto community divided over why the Lightning Network hasn’t seen more adoption
Top stories of the past week🤯 The ultimate bull case for Bitcoin: what could push it beyond a trillion-dollar market cap? 😲 Binance CEO to sue The Block over alleged fake Shanghai police raid story 🎈 The cost to long Bitcoin is rising; here’s what that could mean 📉 Why Bitcoin traders are considering a bigger drop as BTC price falls 30% in past month 🗣 EMURGO CEO talks Cardano development, important ADA milestones and what the future holds How XRP may have crucially avoided a much bigger price drop this weekend
Since 2017, the price of XRP has held up well above an important long-term support level at $0.19. However, earlier this week, the XRP price was at risk of breaking below this key support level for the second time this year. When the previous strong support level at $0.30 was breached, the XRP price fell […] Analyst: Bitcoin on track for massive post-halving bull run despite current bearishness
Bitcoin has been caught in the throes of a volatile trading session over the past several weeks, which has resulted in it erasing virtually all of the gains that were incurred during the late-October pump and has opened the gates to potentially further near-term losses. In spite of this short-term bearishness, analysts and investors alike […] Binance CEO to sue The Block over alleged fake Shanghai police raid story
On Nov. 21, crypto industry publication The Block released a story entitled “Binance’s Shanghai office shut down following police raid, sources say.” The article quickly blew up on Twitter, with some going as far as to suggest that it contributed to the recent collapse of the Bitcoin price, which now sits at $7,250 as of […] Explaining the big Bitcoin drop: BTC network stats and technical analysis
Over $20 billion have been wiped off Bitcoin’s market cap in the last few days. The flagship cryptocurrency went from trading around $8,000 on Wednesday to a low of $6,800 today. As the sell-off continues, IntoTheBlock believes that several blockchain analytics factors can explain this drop. Meanwhile, CryptoSlate takes a technical approach. Bitcoin blockchain analytics […] Charles Hoskinson says Cardano Shelley testnet balance check was an overwhelming success
The long-awaited balance snapshot for Cardano’s Shelley incentivized testnet was an overwhelming success. Charles Hoskinson, the CEO of IOHK, said that the company managed to achieve a lot in a short period of time even though it was facing issues during the check. Successful balance check will enable a smooth network snapshot It seems that […] Crypto community divided over why the Lightning Network hasn’t seen more adoption
Despite being seen as a cure for all Bitcoin’s problems, the Lightning Network is yet to see major adoption and has recorded less than impressive network stats this year. Public opinion seems to be divided between those who believe its time is yet to come and those who say it never should have come in […] Proof of History is the latest consensus model, but how does it compare to its predecessors?
Surely the greatest irony in the blockchain space is that there has never been any agreement on “the best” consensus model. Bitcoin and Ethereum are widely lauded for pioneering the concepts of blockchain and smart contract platforms respectively, but both also come under heavy criticism for their lack of scalability. The scalability challenge is largely […] Binance CEO dismisses Shanghai police raid news as “pure FUD,” says rival crypto exchanges are paying for disinformation
The chief executive of Binance, one of the world’s top crypto exchanges, has vociferously denied reports that the firm’s Shanghai office has been raided by Chinese authorities. Incredibly, CEO Changpeng Zhao claims Malta-based Binance, in fact, has no Shanghai office and that the allegations are part of a smear campaign paid for by rival crypto […] Featured companies📈 Bybit - Bybit is a cryptocurrency derivatives trading platform established in March 2018. It is headquartered in Singapore and has offices in Hong Kong and Taiwan. Learn more Want to be seen here? Contact us Crypto market dataFor more pertinent market data, please see: Connect with usTelegram • Twitter • Facebook • LinkedIn • YouTube • Instagram Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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