With Nifty Gateway recently auctioning a digital artwork and NFT for a record $55,555.55, the art world is on alert. Nifty Gateway, a leading marketplace for nonfungible tokens with the backing of the Winklevoss brothers, recorded its largest-valued auction to-date…
Author: coinmaker
Global Stocks in ‘Bubble Territory’ — But Bitcoin Traders Aren’t Fazed
Bitcoin traders not fazed as the global stock market enters bubble territory, according to the Buffett Indicator. According to the Buffett Indicator, the global stock market has entered a “bubble territory,” says Welt market analyst Holger Zschaepitz on Aug. 9.…
A General Strategy on How to Select a Crypto Fund, Part 2
There are about 800 crypto funds today, making it a daunting task for investors to decide how to invest. With about 800 crypto funds relying on a new asset class, which has its own properties, it is essential to assess…
Cryptocurrency Mining Profitability in 2020: Is It Possible?
In the emerging global crypto economy, crypto mining is probably going to remain and even become more profitable in the upcoming years. Miner profitability metrics are based on a handful of factors regulating difficulty and emission, which are hard-coded into…
XRP Price Could Soon Rally 30% Towards $0.40 After Parabolic Surge
Over the past 24 hours, many facets of the altcoin market have ripped higher as Bitcoin, Ethereum, and XRP have entered a short-term consolidation pattern. As reported by NewsBTC, Chainlink (LINK) posted a 40% one-day performance at one point in…
Ethereum’s MA50 Just Broke a 500-Day Consolidation Phase; What This Means
Ethereum has been consolidating alongside Bitcoin and most other major altcoins throughout the past several days. This consolidation phase comes close on the heels of the strong upwards movement that sent the cryptocurrency surging from recent lows of $230 to…
Yield Farming Fuels Buzz Around DeFi, but Fundamentals Are Lagging
DeFi has been the name of the game since the start of the summer, but how much is the sector really growing? The hype surrounding decentralized finance is sometimes credited with triggering a wider market rally in July, as new…
South Korean Beachgoers Can Now Use Bitcoin to Pay for Services
The Haeundae Beach System in Busan is part of a pilot project that aims to offer crypto payment solutions to beachgoers in the summertime. A pilot project run by Bitbeat-affiliate company CIC Enterprise wants to provide crypto payment solutions at…
Ethereum Could Soon Burst Past $400: This Eerie Fractal Shows Why
Ethereum is preparing for another massive breakout, according to a fractal analysis by a cryptocurrency trader. This comes after ETH underwent a strong drop on Friday, responding to a drop in the value of gold and U.S. equities. Related Reading: Crypto…
Bitcoin Derivatives Data: the Rally to $11,500 Likely the Start of a Greater Move
Bitcoin has stalled in the high-$11,000s over the past few days after the cryptocurrency faced its second rejection at $12,000. As of the time of this article’s writing, the cryptocurrency trades for $11,650. This is a price above critical support…
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