Author: Crypto Breaking News

A technical analysis tool called Bollinger Bands uses price volatility to provide probable entry and exit opportunities in trading. They are made up of two outer bands or lines and a centerline (the simple moving average for a 20-day period), which enlarges and contracts in response to changes in price. For thorough market analysis, they are frequently utilized in conjunction with other technical indicators.Bollinger Bands, explainedBollinger Bands were created by John Bollinger in the 1980s. They are a useful technical analysis tool used in cryptocurrency trading and other financial markets to evaluate price volatility, pinpoint probable reversal points, and make…

In recent weeks, Ethereum (ETH), one of the most valuable assets in the cryptocurrency market, has not enjoyed favorable sentiment due to its struggling price and unstable on-chain performance. The general market condition has not offered much reprieve either, as most altcoins have failed to maintain an upward momentum. Fortunately, the latest on-chain revelation offers some hope for the price of Ethereum. Ethereum Average Fee Drops To Lowest Level In 2023 On-chain analytics have been helpful in providing real-time insights into crypto market trends. And the latest on-chain revelations have highlighted a plunge in Ethereum network fees, which might prove to…

Bitcoin started the weekend in consolidation, as traders seemingly found a new price floor at $26,500. The price uncertainty comes as markets settled following a volatile week, which was headlined by the Federal Reserve rate decision. Ethereum remains below $1,600. Bitcoin Bitcoin consolidated for a second straight session, with the cryptocurrency hovering around a floor at $26,500. Following a high of $26,786.10 on Friday, BTC/USD slipped to a low of $26,389.30 earlier in the session. The price of bitcoin has since rebounded, and at the time of writing this is trading at the $26,581.84 level. It appears that the rebound…

Blockchain intelligence platform Arkham recently identified that crypto exchange Coinbase holds almost 1 million Bitcoin (BTC) in its wallets. The coins are worth more than $25 billion at current market prices for BTC. According to Arkham, the exchange’s holdings amount to almost 5% of all Bitcoin that currently exists. Arkham said that Coinbase currently holds a total of 947,755 BTC. At the moment, Bitcoin’s circulating supply is around 19,493,537, according to coin information website CoinGecko. Arkham has now identified $25B of Coinbase Bitcoin reserves (~1M BTC) on chain.This makes Coinbase the largest Bitcoin entity in the world on Arkham, with almost 5%…

According to Yves La Rose, the founder and CEO of the EOS Network Foundation (ENF), the blockchain software company Block.one’s failure to financially back the EOS ecosystem after the 2018 initial coin offering (ICO) is one of the many reasons why the community felt compelled to take over. Building Everything From Scratch However, in written answers sent to Bitcoin.com News, La Rose revealed that the EOS community had to build everything from scratch since it didn’t “own any of the existing intellectual property.” In addition, La Rose said capital had to be injected” as quickly and effectively as possible” since…

Growing client demand for cryptocurrencies and the belief that they represent a new asset class help to explain traditional financial institutions’ newfound interest in digital assets, the chief strategy officer at Bitrue has said. The collapse of FTX and Terra Luna in 2022 and the resulting bear market may have helped to remove barriers to entry. The entrance and presence of “tradfi” (traditional finance) institutions in the crypto market will also likely lead to the “establishment of industry standards,” according to the executive. Removal of Cost to Entry After spending years attacking and maligning digital assets, an increasing number of…

Polkadot (DOT) is making strategic moves to propel its development forward as bearish market conditions continue to cast a shadow over the crypto landscape. In recent weeks, the network has shifted its focus away from speculation, opting instead to double down on its commitment to technological advancement. This move was evident in the multiple presentations it delivered, shedding light on its ongoing efforts and its ambitious goal of achieving 1,000 parachains. A Paradigm Shift In Polkadot’s Strategy In a landscape where various blockchain networks are fiercely vying for cross-chain dominance, Polkadot is emerging as a formidable contender. The Sub0 developer…

Brian Armstrong, the CEO of crypto exchange Coinbase, expressed his stance on artificial intelligence (AI) regulation in a recent post on the social media platform X (formerly Twitter). On Sept. 23, Armstrong explained that he believes that AI should not be regulated. According to the Coinbase CEO, the AI space needs to develop as soon as possible because of reasons such as national security. In addition, Armstrong also noted that despite the best intentions of regulators, regulation “has unintended consequences,” arguing that it kills innovation and competition. Count me as someone who believes AI should not be regulatedWe need to make…

Bitmain rolled out its next generation Antminer S21 and S21 Hydro ASIC miners at the World Digital Mining Summit in Hong Kong on Sept 22, revealing the crucial performance stats that the entire industry has been waiting for. The S21 has a hasrate at 200 TH/s and an efficiency at 17.5 J/T while the S21 hydro hashes at 335 TH/s and 16 J/T which is notable given that until recently, most Bitcoin ASICS were operating above the 20 J/T level.With electricity costs continuing to rise year-over-year and the Bitcoin halving projected to occur in April 2024, ASIC efficiency is quickly…

Despite accounting for just 2.3% of global transaction volume, the latest data shows that crypto has penetrated key markets in Sub-Saharan Africa and “become an important part of many residents’ day-to-day lives.” With a regional volume of 9.3%, Sub-Saharan Africa’s BTC share outranks all regions including North America (9.0%) and Eastern Europe (8.2%). Nigeria Epitomizes Sub-Saharan Africa’s Crypto Penetration While the Sub-Saharan Africa region is reported to have accounted for 2.3% of global transaction volume, a closer look at the latest data shows that “crypto has penetrated key markets and become an important part of many residents’ day-to-day lives.” As…