Category : CoinJournal

CoinJournal

Ethereum Classic breaks above descending trendline but exercise caution

Ethereum Classic is up 18% in the week The network has witnessed an increased hash rate Ethereum Classic still faces bear pressure at $19 Ethereum Classic (ETC/USD) has been of bull interest in the last two days. Despite losing by an intraday...

BNB prediction as price maintains a recovery

Binance coin has been bearish since the FTX collapse& The cryptocurrency trades on an upside at $255& BNB faces resistance at $266, a crucial resistance level While 2022 was largely bearish for almost every cryptocurrency, Binance (...

Near Protocol adds 20% in a week. What price action says about the token

Near token has recovered by almost 20% in a week The cryptocurrency saw increased volumes at the $1.25 bottom after a disastrous 2022 NEAR face bears at the descending trendline and could correct downwards Near Protocol (NEAR/USD) ended 2022...

XRP price stalls as Ripple CEO remains “cautiously” optimistic about 2023

XRP has stalled for the last 3 weeks The price has been tied to the crypto sentiment and case with SEC Garlinghouse expects a “breakthrough” in crypto regulation in 2023 Ripple (XRP/USD) trades around $0.33, a level it started for...

Creating centralised products defeats the purpose of using blockchain, says MyEtherWallet’s CEO

MyEtherWallet’s CEO believes that blockchain technology should be used to buid decentralised products. The CEO added that MyEtherWallet remains a decentralised wallet because that is the best way to use blockchain technology. He added tha...

Crypto price predictions: Tron (TRX), Huobi Token (HT), VIDT

Cryptocurrencies remained on edge in the first week of 2023. The hawkish Fed minutes led to more concerns about the industry.& Tron, VIDT, and Huobi Token will likely dive during the weekend. Cryptocurrency prices remained on edge in the...

NFP payrolls news and its impact on Bitcoin price

Bitcoin price has been in a consolidation phase in the past few weeks. The US will publish the latest non-farm payrolls (NFP) data. Strong jobs numbers will be bearish for BTC. Bitcoin price has been in a tight range in the past few months. B...

73% less Bitcoin millionaires than a year ago, as crypto losses top $2 trillion in torrid 2022

Key Takeaways Cryptocurrency industry was valued close to $3 trillion entering 2022, now it is $800 billion& There are 73% less Bitcoin millionaires after 2022 Bitcoin has pulled back 75% from its all-time high of close to $69,000 25% of the bi...

Is Huobi safe? Why customers should be withdrawing funds

Key Takeaways Crypto exchange Huobi is reportedly laying off 20% of its workforce and has requested employees take their salaries in stablecoins Internal communication has reportedly been suspended in order to quell discontent Customers are pulling...

Huobi Token soars by more than 3% today: Here is why

Huobi Token is the best performer amongst the top 100 cryptocurrencies by market cap so far today. The Huobi crypto exchange is set to lay off 20% of its workers amidst the crypto winter. The broader crypto market could end the week in the red...

Cowen downgrades Coinbase to market perform

Cowen cited the absence of clarity on a possible trading volume recovery after FTX collapsed& Cowen also reduced its price target on the shares Coinbase has features that make it one of the safest platforms to trade Financial services and in...

Silvergate plunges after crypto meltdown triggered deposit run

Silvergate held deposits for FTX units and Alameda Research Silvergate appears to be most at risk from what happened to FTX & Shares plunged by more than 40% & Shares of crypto bank Silvergate Capital Corp. have plummeted. The company sa...

CNBC analyst: It could take months for FTX fallout to be fully uncovered

You could see another company start to struggle a month from now that’s tied to FTX& Sometimes there’s a bit of a lag period before everything is uncovered.& John Todaro, Principal of crypto and blockchain research at Needham...

The TON Foundation launches file-storage solution

TON Storage is a new file sharing and data storage platform on the TON blockchain. An incentivised node ecosystem means users can file and store data for perpetuity. Users will utilise smart contracts to pay nodes using Toncoin, the native token on...

Monero (XMR) Price Prediction 2025 – Here’s why investors prefer Metacade (MCADE)

According to leading industry experts, GameFi and play-to-earn (P2E) are set to explode in 2023-2025. New market entrants in this sector are already gaining significant traction with investors, often at the expense of more established players in the...

The big lesson with FTX’s collapse is onshore vs. offshore, says former Barclays CEO

Bob Diamond believes that cryptocurrency is a very broad term. The former Barclays CEO said the big lesson with FTX’s collapse is onshore vs. offshore. His firm Atlas Merchant Capital is an active investor in the stablecoin issuer Circle....

The rise and fall of Internet Computer: How ICP imploded

Internet Computer is a major blockchain project valued at over $1 billion. ICP’s token has slumped by over 95% from its all-time high. Its ecosystem is a bit weak to justify a billion-dollar valuation. Internet Computer has had a specta...

Bitcoin remains close to $17k after FOMC minutes release: Will BTC rally soon?

Bitcoin price steadied above $16,800 as US Federal Reserve officials agreed to slow its pace of interest rate hikes. The latest FOMC minutes indicate that US policymakers are focused on controlling the pace of price hikes. Bitcoin could surge p...

Ethereum Classic eyes the $20 resistance level after its latest rally

Ethereum Classic is the best performer amongst the top 50 cryptocurrencies by market cap today. ETC is up by more than 4% today and has added 21% to its value in the last seven days. The broader crypto market is underperforming after a positive...

Bonk price has soared: prepare for a major dive

Bonk has captured the attention of most traders and investors. History suggests that Bonk price will implode soon. Tokens like Tamadoge, Saudi Shiba Inu, and Dogelon have been forgotten. Bonk price has made headlines in 2023 as it became one...

Creating the ideal trading desk setup: 5 steps

Comfortability is essential in managing and growing your portfolio. A good trading desk setup helps to counter the stress of training and increase the chances of success. Here are some essential requirements for creating the perfect trading desk set...

Markets where crypto usage is highly likely to explode in 2023

Despite the current crypto winter more and more people would want to link their businesses to cryptocurrencies. Online casinos are now accepting crypto deposits and withdrawals. There are also various companies that have ventured into creating infra...

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