bitcoinlfg

Tag: crypto

  • Crypto market overview November 2022

    Crypto market overview November 2022

    • Cryptocurrency prices have declined significantly in 2022, with crypto assets tracking the performance of stocks such the Nasdaq 100.
    • An overview of three top cryptocurrencies  in Bitcoin, Ethereum and Ripple highlights the opportunities and risks that abound.
    • Investors seeking to trade on contracts for differences, CFDs, for crypto need to do due diligence and understand how the contracts work.

    Crypto has tracked high-risk assets like the Nasdaq 100 for much of 2022, crumbling as a result of the high inflation and high interest rates prevalent in the financial markets. 

    Bitcoin, the world’s largest digital coin, failed to get past $20,000 for most of September and October. However, amid multiple price predictions BTC managed to rise late that month after some modest indications that the US Federal Reserve was ready to ease policy. 

    Bitcoin price shot up 6.5% to $20,700 on October 29, and Ether followed by 19%. In context, the two largest crypto powers had suffered losses five of the last six months. Perhaps it wasn’t one single factor driving it, but rather “a more favorable backdrop for risky assets and short liquidations,” suggested NYDIG’s Greg Cipolaro.

    One of the drivers for the rally may have been Dogecoin’s massive 40% surge that month, as crypto traders expected Elon Musk’s takeover of Twitter to give him a platform to promote the dog-themed coin. 

    One notable aspect of the crypto upswing was the fact that it happened at the same time as major tech stocks like Meta Platforms and Amazon.com were in the red. “Digital asset markets have shown early signs of tech decoupling,” Fundstrat’s Walter Teng announced.

    Below are 3 top cryptocurrencies that we have used to outline and distinguish the above-mentioned “signs”, and crypto performance in November. Read on to find what else you can learn about trading cryptocurrency CFDs.

    Bitcoin

    In the second week of November, Binance CEO Changpeng Zhao said his company was on track to acquire FTX.com – the well-known crypto exchange co-founded by Sam Bankman-Fried – after the exchange lost liquidity following Zhao’s own sale of 530 million dollars from its FTX holdings. 

    Crypto trust was hit by the demise of FTX, whose native FTX token FTT, lost 75% of its value in a single day on November 9. SOL (the token of the Solana blockchain) reacted dramatically (because Solana is connected to FTX), dropping 36% on that day and bringing the total loss for the year to 90%. Bitcoin was 7.7% in the red, after an 11% loss the day before, which kept Bitcoin from breaking above $17,430. 

    The sentiment was memorable for Modular Asset Management’s Dan Liebau, who said that since 2016, “few periods have tested [the crypto industry’s] market infrastructure and participants as much as the past 24 hours.”

    Ether

    Has ETH been able to maintain momentum after its monumental September merge? Not according to some analysts such as BeQuant’s Martha Reyes who said in mid-September, “Now that the Merge excitement is over, we don’t have a catalyst for Ethereum any time soon“. 

    Ether lost 3.8% that day to hit $1,475 after dropping 6% the day before. Excitement over the upcoming Merge into a proof-of-stake system of validation, which would reduce the blockchain’s environmental impact and make it more efficient, had kept Ether afloat since mid-June. 

    The Merge itself was “certainly a success,” in the words of Ethereum developer Preston Van Loon. “What we’ll see over time is whether the stats hold up.”

    A month later, Ether rallied 10.25% in just 24 hours. Internet lawyer Andrew Rossow thought it was due to a “combination of traders capitalizing” and “the success we’re seeing with some of the NFT projects thriving in the current bear market.” 

    According to Brett Sifling of Gerber Kawasaki Wealth & Investment Management, it was an overflow from the stock market rally. It will certainly be interesting to see how ETH prices will perform in the coming months for those trading cryptocurrencies in the form of CFDs.

    Ripple

    On September 19, traders braced themselves for higher interest rates on both sides of the Atlantic. This would mean that the cost of borrowing goes up, draining the liquidity needed in the crypto market. Bitcoin and Ether continued their losing streak, dropping 7.4% and 6.6% respectively, but XRP – the token created by Ripple Labs Inc. – fell as much as 13.5%. 

    A trigger may have been the news that the Securities and Exchange Commission (SEC) wanted an immediate ruling in the lawsuit they were pursuing against Ripple for its “reckless” conduct in failing to register XRP as a security. Also in September, Ripple filed a motion to dismiss the lawsuit, based on their position that XRP is ineligible as a security.

    In the second week of October, Ripple CEO Brad Garlinghouse said the case would be resolved by the first half of 2023. The issue, he said, was “about the whole industry,” not just the world’s sixth-largest crypto.

    In summary

    When trading cryptocurrencies in the form of CFDs, it is always a good idea to understand the prevailing macro environment. For instance, what was Fed Chair Jerome Powell’s tone the last time he spoke? What did the latest inflation data tell us? And what recent events are shaping crypto sentiment? 

    Answering these questions and listening to the popular opinion of reputable analysts can help those trading cryptocurrency CFDs make more informed decisions.

    Share this article
    Categories
    Tags

    Source link

  • Normalcy returning to crypto markets, on-chain data shows

    Normalcy returning to crypto markets, on-chain data shows

    Over the last few months, the crypto market has largely been pretty serene. Bitcoin had been in crab motion around $20,000 for quite a while, as it plodded along while waiting for the wider macro conditions to make a move.

    I wrote in late October to be cautious around this price action, and that Bitcoin could be one bearish event away from an aggressive downward wick. What I did not except was that event to be shake crypto to its bones, as one of the blue-chip companies in the space, FTX, inexplicably descended into insolvency.  

    This obviously shook markets. Last week I assessed how the flow of bitcoins out of exchanges has been fierce, as people’s trust in these central entities to store their coins was understandably at an all-time low. 

    In fact, I saw yesterday that 200,000 bitcoins have left exchanges since the FTX implosion. But now, the data suggests that the market is calming down a bit. And again, it seems like we may enter crab mode until macro provides an impetus one way or another – or an unexpected crypto-specific development comes out of the woodwork. 

    The first way to demonstrate that the dust is beginning to settle is by looking at Bitcoin’s volatility. This obviously spiked as Sam Bankman-Fried’s “games” were revealed to the public. But after remaining elevated throughout the last few weeks, it has fallen back down to more standard levels in the last few days.  

    Another way to view this is the falloff in large transactions. These transactions (defined as greater than $100,000) jumped up in the few days around the bankruptcy, but have fallen gradually since, back to the same levels we have seen throughout much of 2022.

    Another useful metric to track is the net realised profit or loss of moved coins. This spikes in times of crisis as the price abruptly drops, before typically coming back towards the $0 mark as the markets calm down.

    The below chart shows this well, with trades on November 9th netting an ugly $2 billion loss, before November 18th then topped this with a $4.3 billion loss. That is lower than the worst mark post-Celsius crash ($4.2 billion loss) and Luna ($2.5 billion loss).

    This reflects the continued downward pressure on Bitcoin’s price, but the trend has bounced back up to close to zero again.

    FTX was a central part of the ecosystem, and its bankruptcy understandably rocked the market. As I wrote recently, this contagion is not over.

    Yet data from the last week or so suggests that normalcy is returning to the crypto markets. Going forward, it may tread water again for a while. With China opening up post-lockdown, the latest inflation numbers imminent and the EU ban on Russian crude imports, macro certainly has a lot going on. 

    Crypto investors will just need to hope that the crypto-native scandals are out of the way for the time being.  

    Share this article
    Categories
    Tags

    Source link

  • TRIOTIS – Ready to takeover 2023 crypto market.

    Source link

  • What crypto analyst Benjamin Cowen thinks of Bitcoin (BTC/USD) before a reversal occurs

    What crypto analyst Benjamin Cowen thinks of Bitcoin (BTC/USD) before a reversal occurs

    • Bitcoin could undergo another Capitulation event around Christmas – Cowen

    • The cryptocurrency is consolidating but lacks an upside momentum

    • BTC price could break into upside or downside

    When will Bitcoin price (BTC/USD) bottom-up after slipping below the crucial $19,000 level? Crypto analyst Benjamin Cowen believes Bitcoin has to undergo one capitulation event before a price reversal. Cowen examines the historical patterns to explain when this is likely to occur.

    Cowen points out that the final capitulation event will occur around Christmas this year. A capitulation event occurs when a sizable portion of investors succumb to bear pressure and sell their holdings. Capitulation events are characterised by unusually high trading volumes coinciding with sharp price falls. When the price reaches its lowest point, it signals a market bottom that ushers in a bullish move.

    Relating to the historical patterns, Cowen says that Bitcoin bear markets last around a year. In 2014, he says, the bear markets lasted 14 months, while in 2018, it was 12 months. Thus, if the current one is to reflect historical patterns, the dates around December 25th, 26th, and 27th, could be.

    Bitcoin has been very choppy heading to this important prediction at year-end. Cowen thinks that $15,000 is the balanced price for Bitcoin. The analyst says that the cryptocurrency has to fall below this level to hit bottom. That will prompt attempts to recapture the fair value.

    BTC outlook as price consolidates at $16,000

    BTC/USD Chart by TradingView

    On the daily chart, Bitcoin is choppy and consolidates around $16,000. The MACD indicator is in the bearish zone. The RSI remains below the midpoint, indicating that the sellers are in control.

    What next for BTC?

    Bitcoin lacks a directional bias. Although bulls have continually defended $16,000 successfully, they are unable to take the price higher. That’s despite the recent Fed statement indicating slower rate increases.

    With the current choppy trading pattern, Bitcoin can go either way. Just as Cowen predicted, BTC could claim a new bottom. For that to happen, the price must break below the $16,000 support zone.

    Where to buy BTC

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy BTC with eToro today

    Bitstamp

    Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.

    Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.


    Buy BTC with Bitstamp today

    Share this article
    Categories
    Tags

    Source link

  • 4% of Brits think crypto is a “woke” thing Gen Z loves

    4% of Brits think crypto is a “woke” thing Gen Z loves

    One of the greatest barriers to entry for cryptocurrency is undoubtedly comprehending it. 

    Blockchain technology is difficult to get one’s head around. It has only been around since 2009, so it can also be difficult sometimes to find good resources on where to learn about it. Not only that, but the repeated collapses – the FTX implosion being the latest – put people off looking into it. 

    Education is paramount. This is the single biggest thing I noticed when I visited El Salvador this summer, where Bitcoin is legal tender. So many people I talked with had difficulty truly understanding it.

    I was told by a Wallmart cashier that I could not pay with Bitcoin because I did not have the government-owned Chivo wallet. This is obviously false, as Bitcoin’s lightning network does not discriminate – you just need a QR code and the Bitcoin will go. It is a decentralised network and there is no such thing as certain wallets not being able to send to other wallets.

    One barman also said that he tried to learn about it but gave up after a week because he “didn’t have a computer brain”.

    It’s no different outside of El Salvador. I wrote recently about how 48% of Brits know almost nothing about crypto.  This is the same for countries all around the world. But since I have just moved to London, let’s dig into the British for the time being.

    Top Misconceptions

     Looking at a study by VoucherCodes.co.uk, they presented the below as some of the biggest misconceptions in the UK, which I have put together a chart for:

     

     I think the chart says it all.

    While the top two are hugely understandable, the others show that there is still a massive chunk of the British population that just do not understand crypto. That is perfectly fine. In fact, it’s a good thing – it shows how much further the industry could grow.

    But the first step to adoption is education. I actually think this is what they got wrong in El Salvador. Announcing Bitcoin as legal tender spontaneously – from a Bitcoin conference in Miami – without prior warning or discussion with the people is not the way to go.

    The UK, of course, won’t be announcing Bitcoin as legal tender anytime soon (although with the way the pound has been going recently, don’t rule anything out!).

    But the barriers are still here. And for the 2%: no, Elon Musk didn’t make cryptocurrency up. Unless they think he is Satoshi Nakamoto? I guess it can’t be ruled out.

    Sources

    VoucherCodes.co.uk

    Share this article
    Categories
    Tags

    Source link

  • FTX insolvent – what next for crypto?

    FTX insolvent – what next for crypto?

    I published an analysis three weeks ago outlining that I feared Bitcoin was one bad news event from a plunge down towards $15,000.

    And hell, did we get that event.

    Now I didn’t quite predict this. My piece made no reference to anything to do with FTX. Not only that, but I have waxed lyrical in the past about Bankman-Fried’s acumen. I misread his character massively, and I was very wrong.

    In an examination of FTX’s solvency published on Monday morning, I still believed it was highly unlikely that FTX were insolvent. 

    I have also gone on record many a time repeating the same old adage: playing with Bitcoin in the short-term is akin to spinning a roulette wheel.

    But as we hung around $20,000, and headed into a winter awash with ominous variables like an energy crisis, high inflation, a nasty geopolitical climate and political upheaval in the US, UK and in many nations across Europe, risk was extremely high.

    And then an extraneous variable – FTX imploding. And in the words of the wonderful Black Eyed Peas, “it’s going down now and not a tad bit later”.

    Is it time to buy the dip?

    I don’t like this question for two reasons.

    The first is that, being a random boy on the Internet, how am I meant to know? Like I said a few sentences ago, betting short-term on Bitcoin is like spinning a roulette wheel. My opinion on whether I fancy red or black would be just as valid as to what I think about Bitcoin’s short-term action will be.

    The second reason is that this question is almost a muscle-memory reaction to crypto prices falling. Born out of the culture in the space, I suppose. Central to it is people pointing to past cycles and referencing how Bitcoin has always returned. But they fail to realise something.

    Bitcoin was launched in January 2009, into one of the longest and most explosive bull runs in history. As of this year, that is no longer the case. The free money has been turned off – then Federal Reserve raising interest rates at historically fast rates, with inflation at levels not seen since the 70’s.

    This is the first time that Bitcoin has ever experienced a wider economy bear market. And for that reason, all bets are off. And it is now trading at levels lower than it was five years ago in December 2017.  

    There is no such thing as buying dips and laughing your way to the bank. A glance at the above chart will show quite how many dips there have been this year. This thing is hard. Trading is hard. Crypto is a volatile game. For every screenshot of 100X gains you see on Twitter, there are 100 more people who lost it all. 

    Don’t take eyes off wider economy

    FTX imploding is wild. And it’s incredibly bearish for the crypto economy at large. Expect some contagion to ripple out of this, as we don’t know yet who was exposed to who – but FTX, as such a large player in the industry, will no doubt drag a few bodies down with them.

    But don’t take your eyes off the bigger trend. Crypto is following the stock market. Blue chip assets like Bitcoin and Ethereum are the tail on the dog, with the dog being the stock market. And that stock market is oscillating back and forth over inflation readings and the Federal Reserve’s approach to interest rates.

    I wrote last month about how this correlation between stocks and Bitcoin is as high as it has ever been. It picked up markedly in April 2022, right as we transitioned to this high-interest rate environment.

    In the short-term, this FTX episode needs to play out. Contagion will ripple, news will break, surprises will come out. And then after that, it’s back to watching the stock market. If it wasn’t clear already – the crypto markets are merciless. Don’t forget that, and stay safe.

    Share this article
    Categories
    Tags

    Source link

  • crypto price today: Crypto Price Today: Bitcoin holds $20K; Shiba Inu & Cardano tank up to 5%

    crypto price today: Crypto Price Today: Bitcoin holds $20K; Shiba Inu & Cardano tank up to 5%

    New Delhi: Major crypto tokens slipped on Friday on some profit booking after a strong rally in the last few days.
    Bitcoin was above the $20,000 level, whereas Ethereum managed to hold $1,500. The US economy rose 2.6% in the third quarter, higher than expected growth of 2%.

    Barring the Uniswap and the US dollar-pegged Tether, all othe
    r top crypto tokens were trading lower. Cardano and Shiba Inu plunged 5% each, followed by Ethereum and Polygon, which shed 3% each.

    The global cryptocurrency market cap breached below the $1 trillion mark to $980.18 billion, after dropping more than 2% in the last 24 hours. However, the total trading volume tanked as much as 13% to $89.23 billion.

    What’s cooking in India

    Crypto staking platform UniFarm has entered into a strategic alliance with Bengaluru-based ONMETA. The partnership is aimed at empowering Indian users with Indian currency-based purchase of tokens for staking to earn passive income.

    Expert take

    Edul Patel, CEO and co-founder of Mudrex, said Shiba Inu coin has reached a significant milestone in terms of the percentage of long-term holders. Currently, it jumped to the highest value of 38%.

    “Long-term SHIB holders have grown far more since the beginning of 2022, from barely 1% to over 38% of holders,” he said. “The percentage of short-term holders remains relatively steady and midterm speculators continue to decline,” he added.

    Global Updates

    Hong Kong plans to legalize retail trading of cryptos as it looks to become a crypto hub, according to a Bloomberg report. Crypto platforms will be required to apply for a license to offer retail trading.

    Tech giant Google will be launching a cloud-based node engine for Ethereum projects. The company said its Google Cloud Blockchain Node Engine means that it will be responsible for monitoring node activity and restarting them during outages.

    Nearly 12% of all BEP-20 tokens, the standard token on the BNB chain, are tied to scams, according to recently released research from crypto risk monitoring firm Solidus Labs.

    Tech view by BuyUcoin cryptocurrency exchange

    DOGE surged 35% on Twitter deal. The most popular meme coin, DOGE, has witnessed a mega rally since Monday as Elon Musk’s Twitter deal neared finalization. Elon Musk has been a staunch supporter of DOGE and his tweets often move the prices of meme coins in a significant way.

    The jump in DOGE prices is mainly linked to the positive news circulation but lacks fundamental backing so investors should buy the coin as per their risk appetite with a long-term perspective. DOGE was originally designed as a payment mechanism and its growth will depend on real-world use cases, the experts suggested.

    (Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the asset/s mentioned.)

    Source link

  • Big Eyes to be Next Ethereum-based favorite against Shiba Inu & Compound

    Big Eyes to be Next Ethereum-based favorite against Shiba Inu & Compound

    As its presale advances, Big Eyes (BIG) looks to set the stage as a new favorite token among users on the cryptocurrency market. It will take out Ethereum-based counterparts Shiba Inu (SHIB) and Compound (COMP) in its climb to the top, as its popularity keeps increasing daily. Here’s a short review of how the tokens stand at the moment.

    Shiba Inu (SHIB)

    Shiba Inu (SHIB) was developed in 2020 by an anonymous developer. It was touted as the biggest memecoin in the cryptocurrency market and a major counterpart for the reigning Dogecoin. However, its progress has not been as consistent, and analysts note that it might be due to a lack of proper governance within the platform.

    Shiba Inu (SHIB) exists on the Ethereum blockchain and also operates using smart contracts. The platform supports a decentralized exchange, Shibaswap, which helps users trade crypto pairs for a transaction fee. There is also an NFT incubator where users can tokenize their digital content. After converting to a DAO, the platform plans to launch a proper NFT platform in the future, which will improve the decisions made concerning the project’s future.

    Shiba Inu (SHIB) is abundant, numbering about a quadrillion tokens at launch, with about half of that in circulation. The developers will probably burn the rest of the tokens to improve the token’s cryptocurrency price.

    Shiba Inu (SHIB) currently sells for $0.00001 on CoinGecko.

    Compound (COMP)

    The Compound (COMP) platform launched in 2017 as a platform for users, featuring several token markets where they can borrow and lend tokens at different interest rates. The platform permits borrowing by any user without the need for collaterals and interest rate negotiations.

    Like decentralized platforms, Compound (COMP) calculates interest rates using algorithms that read the market trends and determine the rates at which users can borrow. Lenders send their tokens to secure Ethereum smart contracts monitored by Compound, from where the borrowers receive their loans.

    The platform uses two tokens: cToken, which is the currency for the platform, and COMP, which is the governing token used on the network. Borrowers receive cTokens, and lenders contribute cTokens to the platform from their respective wallets. COMP is used for voting on protocol-related decisions. Individual users could adjust their voting rights, and a reduction in COMP balances restores each user’s voting rights to default.

    COMP is available on various DEXs for $. The developers release new tokens every day for use by borrowing users.

    Big Eyes (BIG)

    Big Eyes (BIG) is a new memecoin looking to offer more than laughs in the cryptocurrency market. The presale started in September and has been proof of its increasing popularity. The developers are not stopping there too. They hope to keep the project relevant, and a look at the existing and expected features will convince you. 

    So far, it has been mostly publicity and marketing for Big Eyes (BIG). The platform has pooled users from crypto projects across the crypto space to establish a community-oriented project. Right from its presale, Big Eyes (BIG) has convinced its members they will be paramount in its interests, as the developers made over 70% of the initial 200 billion tokens available for the event.

    Also, in appreciation for the fantastic support the members gave during the presale, Big Eyes (BIG) will host a giveaway contest with 250,000 tokens for grabs by ten members. The winners will be selected from a draw held later in the year and will be announced by December. Eligible members must have some BIG tokens by the draw date before being selected.

    The developers have created and audited Big Eyes’ (BIG) smart contracts using Solidity. They have also gotten the coin to list on exchange platforms like CoinDex and Coincheckup, and they are working on a launch with UNISWAP to achieve greater reach within the cryptocurrency market. 

    The presale is still on, so there is still some chance to get in the project ‘early.’ Click this link to buy your BIG tokens and stay updated with news from the development team:

    Presale: https://buy.bigeyes.space/ 

    Website: https://bigeyes.space/ 

    Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

    The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

    Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

    Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
    More Less

    Source link

  • Crypto Whales Scoop Up $35M in Shiba Inu (SHIB), Signaling Bull Season

    Crypto Whales Scoop Up $35M in Shiba Inu (SHIB), Signaling Bull Season

    Shiba Inu (SHIB) price has increased by over 15% in a week as whales scoop up large amounts of the token. The transactions suggest that there might be a large group of whales stocking up on SHIB.

    Whales are heading over to meme coin Shiba Inu as large holders have purchased over $35 million in a day. The transactions have taken place as the price has been increasing considerably.

    SHIB is up over 11% in the last 24 hours, with a trading volume that exceeds $617 million.

    One whale bought about 119.3 billion SHIB, just as the token was breaking its resistance level. Another one bought a whopping 3.36 trillion SHIB, worth about $33.6 million. Remarkably, these are both new whales and both transactions took place in a span of 24 hours.

    Whales stock up on Shiba Inu (SHIB)
    Whale piling up SHIB: Etherscan

    As a meme coin, Shiba Inu can be unpredictable when it comes to its price. However, there have been some major developments happening in the ecosystem. The market has also been improving generally, with all assets seeing high price bumps over the past few days.

    Fellow meme coin DOGE also saw a huge increase in price, with the token increasing by over 21% in value. This bodes well for those who go after meme coins, though the price spike might not last long.

    SHIB Burn Rate Also Increases Massively

    The increase in SHIB price comes as the burn rate also spikes. The SHIB Burn tracker shows that the burn rate has risen by a massive 1,934% in the last 24 hours. This could be one of the reasons behind the price bump.

    SHIB has gone up in price by over 15% in the last week. The token is now $0.00001161, having been at around $0.00001001 seven days ago. The token has now crossed the $6 billion mark for the first time in nearly three weeks.

    Users Can Pay for Netflix and Amazon (Indirectly) Using SHIB

    There have been reports that SHIB holders may soon be able to pay for Netflix and Amazon services indirectly using SHIB. The payment feature comes thanks to FCF Pay, which says that it will soon support SHIB in its prepaid debit cards.

    Users are not paying for Netflix and Amazon directly. Rather, they are paying for the services through FCF Pay’s prepaid debit card and whatever crypto assets it supports.

    What the payment services provider does is convert the crypto asset into fiat at the point of purchase. Another move forward in terms of adoption is the fact that real estate brands Pacaso and Condos.com will also accept SHIB via BitPay.

    Disclaimer

    All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.



    Source link

  • Dogecoin (DOGE) and Shiba Inu (SHIB) Go Parabolic on News of Elon Musk’s Twitter Purchase. Floki (FLOKI) Is Another Crypto to Pay Attention To

    Dogecoin (DOGE) and Shiba Inu (SHIB) Go Parabolic on News of Elon Musk’s Twitter Purchase. Floki (FLOKI) Is Another Crypto to Pay Attention To

    Twitter stock (TWTR) rallied a little after Bloomberg report of Elon Musk closing his Twitter deal. The biggest beneficiaries of that news, however, have been Dogecoin (DOGE) and Shiba Inu (SHIB).

    Source link