What were investors thinking as the Bitcoin price slipped under $30,000?

Bitcoin’s price slipped under $30,000 a few hours ago as selling pressure began to pick up across top exchanges. This came after BTC attempted to push past the $33,000-34,000 resistance region on Monday. The cryptocurrency has since bounced after slipping under $30,000, bottoming in the $29,500 range that Bitcoin bottomed over seven days ago. Chart…

Bitcoin drops below $30k with $450 million in futures liquidated—what’s next?

The cryptocurrency market saw over $450 million worth of futures contract positions liquidated in the last 24 hours. In the same period, Bitcoin pulled back by more than 7%, showing weakening momentum. On Binance, the price of Bitcoin dropped to as low as $29,500, retesting a critical support level. Bitcoin price chart. Source: BTCUSD on…

New class-action lawsuit against Ripple (XRP) filed in Florida

Florida resident Tyler Toomey has filed a class-action lawsuit against Ripple Labs, the blockchain-focused firm behind XRP cryptocurrency, alleging that the company violated the state’s securities laws by selling its tokens. This comes on the heels of the Securities and Exchange Commission (SEC) filing a $1.3 billion lawsuit against Ripple with similar allegations. “This is…

The fourth industrial revolution and crypto

Cryptocurrency will be a major piece of technology in the so-called ‘Fourth Industrial Revolution’, also called ‘The Great Reset.’ The World Economic Forum (WEF) foresees it benefiting supply chains. But, we’ve also seen early implications for the Internet of Things and Smart Cities. During the first Industrial Revolution in the 1750s, people went from manufacturing…

Binance CEO: We’re in the early stages of a multi-year crypto bull cycle

Binance CEO Changpeng Zhao (CZ) predicts this current crypto bull cycle may run up until 2024. Speaking to Ran Neuner, the co-founder of On-Chain Capital, Zhao shared his predictions for the future, including a call that several bull years lay ahead. CZ said: “We’re just seeing the flat part of the wave. The big wave…

EMURGO, Ergo, and IOHK announce AgeUSD, the first stablecoin that will come to Cardano

The Ergo Foundation, EMURGO, and IOHK have announced AgeUSD, a stablecoin protocol based on the Ergo blockchain. According to Roman Pellerin, the CTO of IOHK, the crypto-backed algorithmic stablecoin will also be available on Cardano once its smart contract functionality is unlocked. A new type of stablecoin to launch on the Ergo blockchain EMURGO, a…

Former Goldman Sachs exec Raoul Pal: Bitcoin price could hit $50,000 by March

Bitcoin has finally begun to cool down after an extremely strong rally in December and early January. After peaking at $42,000 earlier this month, the cryptocurrency has settled toward $31,000, which is over 25 percent off those highs. Analysts remain confident that this malaise won’t stop the trajectory of the market in the medium to…

Bank of England governor is bearish on Bitcoin, but sees growth of CBDCs

The crypto skeptic made the comments in an online discussion during this year’s Davos agenda. Bitcoin not the solution? Bank of England governor Andrew Bailey does not see Bitcoin and other cryptocurrencies existing in their current forms for a long period, especially as the broader technology sector develops further. [WATCH] Bank of England Governor, Andrew…