Bitcoin and the Crypto Markets are Yet to Hit a Top – BTC Analyst

Bitcoin and Crypto analyst MagicPoopCannon, has forecasted that the top is not in He cites that the Bitcoin 200 week MA divergence heat map, is yet to show exhaustion However, a top is near with Magic seeing a possible Bitcoin top at $80k – $90k Popular Bitcoin and Crypto Analyst, MagicPoopCannon, has forecasted that Bitcoin and the crypto markets are yet to hit a top for this cycle. According to Magic, the Bitcoin 200 week MA divergence heat map is yet to show signs of exhaustion as explained through the…

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Nigeria Money Printing Controvesy: CBN Governor’s Remarks Attacked, Government Denies It Financed Deficit via Money Printing

The fallout sparked by reports that the Central Bank of Nigeria (CBN) printed over $150 million for states’ funding continued a few days after the allegations were initially made. In the latest twist, the opposition People’s Democratic Party (PDP) vice-chairman Dan Orbih said the CBN governor Godwin Emefiele’s response to the allegations is “politically motivated.” Money Printing Unsustainable In his riposte, Orbih is quoted by a local news site suggesting that “if drastic measures were not taken to address the situation” then the country might be headed for a worse…

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Bitcoin (BTC) Korea Premium Index Hits a One-Year High of 11.97%

Quick take: The Bitcoin Korea Premium Index has just hit a one-year high of 11.97$% Also known as Kimchi Premium, it tracks Bitcoin’s value on S. Korean exchanges relative to others The index is known to sometimes foreshadow a major Bitcoin price move Bitcoin conquering $60k will open the doors to $64k and beyond The Bitcoin (BTC) Korea Premium Index has just hit a one-year high of 11.97%. This is according to data by the team at CryptoQuant.com shared through the following tweet. $BTC Korea premium index hit a year…

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Tether (USDT) Active Addresses Exceed 6M, 3M on ETH and 3M on TRON

USDT active addresses have exceeded 6 million Half the amount is on Ethereum with the other half on Tron Tether’s market cap has exceeded $48B and still dominating the stablecoin market worth $75.4 Billion Tether’s growth has been organic based on the growth of the crypto markets and DeFi The number of USDT active addresses has exceeded 6 million. This milestone by USDT was shared by the CTO of Bitfinex and Tether, Paolo Ardoino, who also highlighted that the distribution of these addresses is even between Ethereum and Tron at…

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Morgan Stanley Says Central Bank Digital Currencies Not a Threat to Cryptocurrencies

Major investment bank Morgan Stanley believes that central bank digital currencies are not a threat to the existence of cryptocurrencies. The bank believes that both types of digital currencies can coexist because they serve different purposes and have different appeals. Cryptocurrencies and CBDCs Can Coexist Morgan Stanley’s analysts, including chief economist Chetan Ahya, discussed the impact of central bank digital currencies (CBDCs) on bitcoin and other cryptocurrencies in a report published last week. They wrote: Cryptocurrencies will still exist, as they continue to serve other use cases … For instance,…

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Bitcoin’s Dip to $50.9k Closes Two CME BTC Gaps

In the last 24 hrs, Bitcoin suffered a crash from $60,900 to $50,900 Over 1 million traders were liquidated to the tune of $10.2 Billion The dip successfully closed 2 CME BTC Gaps The closure of the two gaps created another at $62,100 that could also be filled in the future The last 24 hours have been a tumultuous period in the crypto markets as Bitcoin dropped by roughly $10k from $60,900 to a local low of $50,900. The 16.4% Bitcoin dump in the stated time period caused the liquidation…

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Community Innovations And Core Development Push Boundaries for Raptoreum

As Raptoreum nears two months since its main net inception, it has seen overwhelming support and development both from community contributions and Core progress. KUALA LUMPUR, MALAYSIA, April 14, 2021 — The Raptoreum project has grown exponentially since its mainnet release on February 26th, after just over 3 years in development with thorough stability and security testing, the team has brought a solid antiASIC and antiFPGA Proof-of-Work blockchain to market which combines upcoming futures, smart contracts and asset layer with a custom proof of work algorithm, Ghostrider. The brand new Ghostrider algorithm uses…

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US SEC Expected to Impose ‘Fair Amount’ of Regulation on Cryptocurrencies, Says Former Chairman

Former SEC Chairman Harvey Pitt says that he expects a “fair amount” of crypto regulation coming from the U.S. Securities and Exchange Commission (SEC) following the confirmation of the new chairman. Former SEC Chair Expects ‘Fair Amount’ of New Crypto Regulation Harvey Pitt talked about the future of cryptocurrency regulation under the new chairman, Gary Gensler, in an interview with Bloomberg Friday. Pitt is the American lawyer who served as the 26th chairman of the U.S. Securities and Exchange Commission (SEC), from 2001 to 2003. With the market debut of…

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Bitcoin Whales Sold 50k BTC Worth $3B in the Last 5 Days

Bitcoin whales have sold roughly 50k BTC in the last 5 days This amount translates to roughly $3 billion The Bitcoin whales include those holding 100 – 10,000 BTC Bitcoin has entered what looks like a brief bearish window with $60k continuing to hold A breakdown of $60k could lead to accelerated of selling, and lower levels of support Bitcoin whales holding 100 to 10,000 BTC have collectively sold 50,000 BTC in the last five days. This amount of Bitcoin translates to roughly $3 Billion, using a value of $61k.…

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TENT Now Featured on HitBTC in a Key Move for Growing Cryptocurrency Project

PRAGUE, CZECH REPUBLIC / April 16, 2021 / In a major milestone toward achieving its goal of bringing altcoins and cryptocurrency into daily usage, TENT is driving forward with its key roadmap objectives for 2021 with a listing on the popular HitBTC cryptocurrency exchange. TENT was created as a joint venture between SnowGem Foundation, the blockchain technology company behind the SnowGem project, and Moneyzoom Ltd. – an emerging Fintech company positioned to bridge the gap between traditional fiat finance and the emerging digital economy. Moneyzoom leverages its partnerships with Decta and Monavate, a Fintech platform that recently raised…

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