Category: Cryptocurrency

Feb 08
Trader builds Bitcoin ‘buy the dip’ bot, outperforms DCA

A Redditor has created an automated dip-buying bot that beats dollar-cost averaging into Bitcoin by roughly 10%. 3498 Total views 53 Total shares While a bullish backdrop emerges in February, spare a thought for the traders trying to time the market. One savvy trader by the name of u/Samjhill on Reddit has built a trading tool […]

Feb 08
Avalanche correction risk rises after AVAX price soars 80% from January lows

Avalanche (AVAX) recovery extended into its third week, primarily in the wake of similar upside retracement across the top crypto assets. On Thursday, AVAX’s price rallied by nearly 16% to reach $96.50, its best level since Jan. 14, 2022. The massive intraday move came as a part of a recovery that started Jan. 22, after […]

Feb 08
Singapore saw 13x jump in crypto investments in 2021: KPMG

KPMG forecasts that Singapore’s crypto investment will remain strong this year with increasing regulatory scrutiny. 762 Total views 6 Total shares Singapore has seen a tenfold increase in crypto-related investments last year worth $1.48 billion, up from $110 million in 2020, according to KPMG’s Pulse of Fintech report. As per the study, the city-state has […]

Feb 07
AssangeDAO raises $38M in donations to help free WikiLeaks founder

Donations to support Julian Assange’s fight for freedom have been poured in over the weekend. 3406 Total views 222 Total shares A decentralized autonomous organization (DAO) set up to support the liberation of WikiLeaks founder Julian Assange from prison has raised 12,569 Ether (ETH) or around $38.8 million at current prices. Assange is currently fighting […]

Feb 07
Polygon raises $450M in Sequoia-led funding round

Blockchain venture funds are shifting their focus to Web3 development and are placing greater emphasis on scalability. 2183 Total views 44 Total shares Layer-2 scaling solution Polygon has raised $450 million in a funding round that was backed by some of blockchain’s biggest venture funds — offering further evidence that major investors are looking to […]

Feb 07
Nasdaq will list Valkyrie’s ETF linked to Bitcoin mining firms on Feb. 8

At least 80% of the investment’s net assets are through securities that “derive at least 50% of their revenue or profits” from Bitcoin mining. 1902 Total views 6 Total shares Crypto asset manager Valkyrie will have an exchange-traded fund (ETF) with exposure to Bitcoin mining firms available for trading on the Nasdaq Stock Market starting […]

Feb 07
RSS3 aims to be the decentralized information processor of Web3

The developers behind the project noted that the deployment of RSS3 could take six to eight months. 2067 Total views 40 Total shares Really Simple Syndication (RSS), the first information distribution protocol that saw massive adoption across the internet, is all set to take on Web3 with a decentralized information processing protocol called RSS3. In […]

Feb 07
Venezuelans reportedly hit by new Bitcoin tax of up to 20%

Bitcoin adoption has been on the rise in Venezuela in recent years amid hyperinflation and the national currency crisis. 1834 Total views 41 Total shares The Venezuelan government has approved a new tax bill aiming to collect up to 20% in taxes from cryptocurrency transactions, according to local reports. Venezuela’s National Assembly held a second discussion […]

Feb 07
Protesters migrate to crypto fundraising platform following GoFundMe ban

GoFundMe axed the “Freedom Convoy Campaign” after some protesters became violent, so organizers turned to the Bitcoin fundraising platform Tallycoin instead. 1905 Total views 18 Total shares Truckers protesting the COVID-19 vaccine mandate in Canada have turned to Bitcoin-based crowdfunding platform Tallycoin, following a barrage of mounting political pressure from all sides that culminated in […]

Feb 07
BTC price returns to $43K — 5 things to watch in Bitcoin this week

Bitcoin (BTC) is in a fighting mood this week as the weekly close buoys bulls’ cause and wipes out several weeks of downside — can it continue higher? After challenging $42,000 over the weekend, there was a cautious sense of optimism as higher levels remained in play. Sunday saw a fresh push, with overnight progress […]