Category : CoinJournal

CoinJournal

Analyst: The future of the metaverse is in manufacturing, planning, engineering

Metaverse use cases have to be commercialized sooner With the market getting tougher, technology companies are pulling back Metaverse should be about “how to build a safer automobile and test it with less physical waste, cost, and time”&...

Decentraland’s MANA defies gravity to jump 20% but will buyers be relentless?

Decentraland’s MANA has surged by over 20% in the week Most gains came when the metaverse platform announced an open-cross competition MANA’s long-term recovery remains tied to the crypto sentiment Decentraland’s (MANA/USD)...

Buying Bitcoin now? What this could mean

Bitcoin endured a bear market for the whole of 2022 Macro-economic factors have been responsible The bearish market could continue as analysts predicts recession in 2023 There were high hopes as Bitcoin (BTC/USD) surpassed $68,000 at the tail...

Shiba Inu’s whale buying intensifies but does price action show it?

Shiba Inu is among the most purchased cryptocurrencies by Ethereum whales The price action is still bearish despite a Shibarium update SHIB could maintain the downtrend if new developments do not come up Meme cryptocurrency Shiba Inu (SHIB/US...

Polygon’s MATIC jumps 3% on Mastercard partnership. Is it now bullish?

Polygon’s MATIC rose more than 3% after its partnership with Mastercard for Web3 The network had a range of Web3 partnerships in 2022 MATIC still lacks sufficient upside and is vulnerable at $0.77 Polygon (MATIC/USD), a Layer-2 scaling...

Prosecutors ramp up pressure on SBF associate Nishad Singh

Singh was integral in the founding of FTX, faces charges Code was written to help Alameda take out unlimited line of credit & Singh and Gary Wang borrowed hundreds of millions US authorities are ramping up pressure on Sam Bankman-Fried’...

Jim Cramer explains Silvergate’s failure on Mad Money

Shares are down by more than 90% from their all-time high in November 2021& Silvergate is a “great example of everything that’s wrong with this industry” & They were working on a MMF, the most dangerous link in the crypto...

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...

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