Kategorie: Crypto News

Daily crypto headlines and news about bitcoin, ether, ripple, solana, altcoins, nft, market, business, analysis, nft, metaverse, minting and mining.
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Bitcoin (BTC) has fallen for five consecutive days now – Where does it all end?

The crypto market has slumped in the last few days. Bitcoin (BTC) has in fact dropped for four consecutive days now despite threatening to return to $50,000 in recent days. But is this downtrend temporary, and how far can it go? Well, here are some highlights first.

  • The weakness came as China reaffirmed its commitment to crack down on crypto.

  • Increased volatility due to the war in Europe is also a big risk factor.

  • Bitcoin (BTC) is likely to fall to $35,000 before finding enough demand to rise again.

Data Source: Tradingview

Bitcoin (BTC) – What to watch next?

From a technical analysis point of view, the most important thing to watch right now is the $35,000 support. This price has proved very resilient in recent weeks, and it is likely BTC will hold above it. At press time, the mega-cap coin was trading at $38,800. 

If we see increased bear pressure that pushes the coin below $35,000, the next support zone will be $32,000. There are also some additional fundamental factors to watch. The crypto crackdown in China is the main thing, but most investors were expecting it. The war in Europe however has escalated fast and could trigger more volatility in the market in the near term. 

But if BTC can somehow pull up above $40,000 and keep the price action there, then we may see some positive moves in the coming week.

Why This Is the Right Time to Buy BTC?

Bitcoin (BTC) has declined quite substantially from its all-time highs. There are in fact, warnings that the coin could fall further during the first quarter of the year. But the long-term outlook for the mega-cap still remains very positive. In that case, the price pullback we have seen so far in 2022 offers the ideal opportunity to get in.

Want to learn how to safely invest in Bitcoin? Check out our comprehensive Bitcoin buying guide here or purchase from our recommended platform below!

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The post Bitcoin (BTC) has fallen for five consecutive days now – Where does it all end? appeared first on Coin Journal.

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Currency.com donates $1M to Ukraine

Dynamically growing international crypto exchange Currency.com announced it has donated a total of $1million to support Ukrainians during the humanitarian crisis in their country, the exchange posted on its website. Currency.com has transferred the funds immediately.

Funds distributed to 4 charities

The funds will be distributed to ASAP Rescue, The Red Cross Society of Ukraine, Global Giving, and the Humanitarian Relief Fund under the Ministry of Social Policy.

Steve Gregory, US Chief Executive Officer of Currency.com commented:

Our hearts go out to the citizens of Ukraine who are engulfed by this war. Many have had to flee their homes amid freezing temperatures, power cuts and food shortages. Every day is a struggle to survive. We want to help where we can.

Exchange contributes half a million to emergency relief

Currency.com is contributing $500,000 to support the Red Cross Society of Ukraine and the country’s health ministry’s joint emergency relief efforts. The money will be used to buy basic amenities and provide medical aid to displaced Ukrainians.

$300K to be spent on food and shelter, $200K on evacuation

The rest of the funds will be distributed as follows: Currency.com will donate $300,000 to the Ministry of Social Policy and Global Giving to help people get access to food, shelter and medical care.

The last portion of $200,000 will be donated to ASAP Rescue, a Ukrainian volunteer organisation that helps evacuate residents during times of social turmoil or when natural disasters strike.

Gregory added:

Like everyone in the world, we are extremely concerned about the shocking events taking place in Ukraine. As a global company with an international team, we feel it is our duty to help those impacted by this war. We will continue to monitor events closely and stand ready to provide additional support to the people of Ukraine.

 

The post Currency.com donates $1M to Ukraine appeared first on Coin Journal.

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Waves continues to rally, up 10% in 24 h: here’s where to buy Waves

The live Waves price today is $22.53 with a 24-hour trading volume of $1.7 billion. Waves is up 10.55% in the last 24 hours. If you are attracted to unique features and want to learn how and where to buy Waves, this guide is for you.

Top places to buy Waves now

As WAVES is such a new asset, it’s yet to be listed on major exchanges. You can still purchase WAVES using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy WAVES right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for WAVES

Now that you’re connected, you’ll be able to swap for 100s of coins including WAVES.

What is Waves?

Waves is a multi-purpose blockchain platform which supports various use cases including decentralized applications (DApps) and smart contracts.

Launched in June 2016 following one of the cryptocurrency industry’s earliest initial coin offerings (ICO), Waves initially set out to improve on the first blockchain platforms by increasing speed, utility and user-friendliness.

The platform has undergone various changes and added new spin-off features to build on its original design.

Waves’ native token is WAVES, an uncapped supply token used for standard payments such as block rewards. The ecosystem was created by Ukrainian-born scientist Alexander Ivanov, whose nationality is one of the main reasons for the token’s extended rally.

Should I buy Waves today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.

Waves price prediction

Wallet Investor is bullish on Waves. They expect a long-term increase. In March 2027, 1 WAVES will trade for $77. A 5-year investment will generate revenue of around +242%. If you invest $100 in WAVES now, you might have $342 in 2027.

Waves on social media

The post Waves continues to rally, up 10% in 24 h: here’s where to buy Waves appeared first on Coin Journal.

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Avalanche (AVAX) could hit new lows in 2022 as weakness beckons for the altcoin

Avalanche (AVAX) has blown hot and cold for the most part this year. But the coin could see a decisive bearish trend that could push it towards new 2022 lows in the coming days or weeks. Analysis to follow below but first, here are some of the facts to keep in mind:

  • Avalanche (AVAX) could face speculative bear pressure from short sellers in the coming days.

  • There is very limited upside potential right now for the coin.

  • At press time, AVAX was trading at around $71, down about 6% for the day.

Data Source: Tradingview 

Avalanche (AVAX) – Why new 2022 lows are coming?

AVAX started the week on the front foot. As with most coins in the crypto market, the altcoin surged but that momentum appears to have died down. Instead, the coin remained sluggish over the week and is approaching a crucial supply zone that could trigger immense short-term short selling. 

This is likely to push AVAX down towards $57, a loss of nearly 30%. This will also be the lowest the coin has been in 2022. The biggest challenge for AVAX is that there is a very little upward potential right now. 

Much of the price action that we have seen in recent days has been largely pushed by short-term traders who are likely to lock in profits. However, if AVAX bulls can push the coin back above $90, we may see some strength. This remains highly unlikely considering the volatile conditions in the market.

Is AVAX a good buy now?

Well, it depends on your strategy. For short-sellers who want to bet against the coin, this would be the time to get in. But for longer-term investors, stay out for a week or so. It is likely that AVAX will retreat towards $57 or thereabout. You can then buy cheaply and hold for the long haul.

Want to learn how to safely invest in AVAX? Check out our comprehensive AVAX buying guide here or purchase from our recommended platform below!

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The post Avalanche (AVAX) could hit new lows in 2022 as weakness beckons for the altcoin appeared first on Coin Journal.

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Hive sets up US location with green, Intel-powered mining devices

Hive Blockchain, a publicly traded crypto mining company, has signed a deal to buy ASIC chips from semiconductor manufacturer Intel. They will be used in their new custom mining devices, CoinTelegraph wrote.

In the case of Bitcoin mining, ASIC (application-specific integrated circuit) chips are designed to solve complex mathematical problems to create new blocks on the chain.

Hive has arranged for a third-party manufacturer to make the new devices. The custom design manufacturer will integrate the Intel chips into new air-cooled Bitcoin (BTC) mining devices.

Mining hash rate expected to double

The mining company expects the aggregate Bitcoin mining hash rate to almost double to 3.8 Exahashes per second (Eh/s) after commissioning the new devices. They will be used starting in the second half of 2022.

Chips might cut power consumption by 15%

In its patent, Intel stated that the chips would also reduce mining power consumption by as much as 15%. The reduction in power consumption could make it possible for Hive to use more devices. The hash rate would rise even more as a result.

According to Hive president and COO Aydin Kilic, the new devices will be critical in terms of securing future growth of the company and its hash rate contributions to the network. 

He added that the company was committed to “implementing these next-generation blockchain accelerators in (HIVE’s) green energy infrastructure.”

HIVE chairman Frank Holmes added:

Intel’s commitment to challenging the status quo and commitment to energy-efficient products align very well with our ESG and clean energy commitment.

Governments worldwide consider bans on Bitcoin mining

New York state and several countries are contemplating a ban on Bitcoin mining to help protect the environment and ensure higher power supply. 

Hive will be using a facility powered by renewable energy in Texas, which will protect it against such complaints. The facility is property of Compute North, a digital infrastructure company.

Hive mines BTC, ETH, and ETC in several countries

At the moment, Hive has mining operations in Sweden, Iceland, and Canada, where it mines Bitcoin, Ethereum, and Ethereum Classic. The Texas operation will be Hive’s first in the US.

The post Hive sets up US location with green, Intel-powered mining devices appeared first on Coin Journal.