Why the Crypto Market is Down Today

Image Source: Flickr ‍ The cryptocurrency market has been bearish today. The majority of altcoins have been declining in price. As a result, the entire market has taken a hit today. The bears are in control right now and they are not letting up. This is not the best time to be in the market. Even though prices are declining, they are still very low compared to where they were earlier this year. At this point in time, people are skeptical of this market once again. There are several good…

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The Complete Guide to Cryptocurrency Mining

Cryptocurrency mining is the process of generating new revenue or value by verifying transactions and creating new digital assets. A type of virtual currency mining, it can be used to create new virtual coins occupied by buyers of the finished product. If you own some cryptocurrency, like Bitcoin, you probably know that every time you send value to someone else, you’re creating a new digital asset. In other words, whenever you send value, you’re creating a new digital asset that is recorded on a blockchain and can only be transferred…

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Bitcoin set for volatile monthly close after BTC price ‘checks all boxes’ for major move

Bitcoin (BTC) has reentered its most significant lifelong consolidation zone but could still crash to a “macro bottom,” new research warns. In a Twitter thread on April 27, on-chain analytics platform Material Indicators shone a light on the importance of $38,000 for BTC price action. Bitcoin circles all-important point of control After lingering near liquidity at or above $37,700 on intraday timeframes, data from Cointelegraph Markets Pro and TradingView shows, BTC/USD has yet to make a clear move up or down, and traders have been left guessing which way the market…

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Top ECB Official Ramps Up Anti-Crypto Rhetoric, Calls for Global Regulations

Comparing the rise of crypto assets to the gold rush, a top executive at the European Central Bank has urged governments to take action to prevent “a lawless frenzy of risk-taking.” Speaking in the U.S., the ECB official called for a global regulatory clampdown on cryptocurrencies and stepping up efforts to issue central bank digital currencies. ECB’s Fabio Panetta Lashes Out at Crypto Assets, Says They Fail to Fulfill Promise A century and half after Americans pushed westward to seek fortune, a growing distrust of banks and technological innovation have…

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Sky Mavis’ Ronin Network Suffers $600 Million Hack

Ronin, the mighty network powering the Axie Infinity machine has suffered one of the largest hacks in DeFi history. Utilizing a devious manner of sleight of hand, attackers made away with 173,600 ETH ($600 million) and 25.5 million $USDC. All under the noses of the Sky Mavis team and its army of developers. According to reports, the attack took place on March 23, but went unnoticed until March 29 when a subsequent user was unable to withdraw 5,000 ETH from the network. Once alerted, the team soon discovered the huge…

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Bitcoin just regained a key price trendline after its longest absence since March 2020

Bitcoin (BTC) may be consolidating at $47,000, but longer timeframes show just how significant this week’s mini bull run has been. According to the Golden Ratio Multiplier (GRM) metric, on March 27, BTC/USD reclaimed an essential support zone for securing further upside. Bitcoin exits trendline slump that beat March 2020 GRM is a long-term observational metric for Bitcoin price action. It is used to determine whether Bitcoin price growth (or the opposite) is overstretched relative to its overall maturity as an asset in terms of adoption. It does so using…

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Bank of Spain Warns About Risk of Extended Use of Unregulated Cryptocurrencies in the Country

The deputy governor of the Bank of Spain, Margarita Delgado, gave her opinion about cryptocurrencies and how they are increasing the risks in today’s economy. At an event hosted by PWC called “A climate of change,” Delgado explained that the continued and extended use of cryptocurrencies might bring different kinds of risks to the 12% of the population currently holding crypto. Deputy Governor of Bank of Spain Examines Crypto Risks The deputy governor of the Bank of Spain, Margarita Delgado, has issued her opinion about the use of…

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Here Are The Projects Pushing Cardano’s Price To The Upside

Cardano was pushed down in the crypto top 10 by market cap as LUNA and XRP took over its former place. However, ADA’s price has been surging in the last month and could reclaim previous highs as the general sentiment turns bullish. Related Reading | Cardano Soars 13% On Rumors Of Burn Mechanism Rollout, Charles Hoskinson Reacts At the time of writing, Cardano (ADA) trades at $1.20 with a 30% rally over this period. This makes ADA the best-performing cryptocurrency by market cap. ADA with bullish momemtum on the 4-hour…

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Cryptovoxels Looks to the Future with Corporate Rebranding

As any great company can stand testament, a solid rebranding can elevate an enterprise and set in motion its plans for the future. It is for this reason then, that Cryptovoxels looks to shake off the chains of its lengthy moniker and rebrand purely as ‘Voxels’. The change was due to take place on the year’s least trustworthy date, April 1st. However, due to a few teething problems involving the emergence of scam sites, the ‘Voxels’ team has pushed this launch back to everyone’s favourite Star Wars Day, May 4th.…

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Nifty News: Solana NFTs on OpenSea in April, Ross Ulbricht’s new collection… and more

Solana (SOL) NFT holders will soon have a new option for where to trade, with OpenSea teasing its integration of the Solana blockchain. A 16-second video shared by the OpenSea Twitter account opened with the phrase “wen solana???” being typed into a search box and revealed that Solana will be supported by the marketplace in April. The best kept secret in web3 pic.twitter.com/xuZn64cZ4U — OpenSea (@opensea) March 29, 2022 Rumors of OpenSea supporting Solana NFTs have circulated for months. Security researcher Jane Manchun Wong — who made Forbes 30 under…

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