Author: The Daily Hodl
Top US crypto exchange Coinbase is adding support for an altcoin project that saw massive gains earlier this year. In an announcement via the social media platform X, Coinbase says it’s adding Core (CORE) to its trading platform. “Core is now live on Coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” According to the project, Core is designed to be a hyper-scalable complimentary smart contract platform to Bitcoin. Core’s ecosystem includes a Satoshi Plus consensus mechanism, non-custodial staking and a native version of wrapped…
A closely followed crypto analyst says one Bitcoin (BTC) indicator is flashing green despite the Monday correction below $60,000. Pseudonymous analyst TechDev tells his 460,100 followers on the social media platform X that a key indicator is suggesting Bitcoin may soon go parabolic. “There’s only one other time in Bitcoin history when the two-week Gaussian channel flipped green. Price consolidating at the prior high marked the halfway point of a parabolic move few saw coming.” Gaussian channels are momentum indicators that can be used to identify price tops and bottoms. Looking at his two-week chart, the analyst suggests that Bitcoin…
A trader known for making timely Bitcoin calls says that the current BTC correction is healthy for the long-term uptrend of the crypto king. Pseudonymous analyst Dave the Wave tells his 146,700 followers on the social media platform X that Bitcoin’s latest move below $60,000 has invalidated prospects for a BTC parabolic surge. According to the crypto strategist, Bitcoin’s price action suggests that more consolidation is on the horizon, allowing BTC to build a better base for a stronger lift-off later this year. “A positive of BTC price not going parabolic is that it continues to develop in a relatively…
Over a quarter billion dollars worth of Chainlink (LINK), the leading blockchain oracle service, has been spotted headed to crypto exchanges. Analyst Ali Martinez says that within a 24-hour period on June 22nd, traders deposited millions of LINK to digital asset exchanges where they could be sold on the open market. “[In 24 hours], 18.77 million Chainlink (LINK), valued at approximately $256.20 million, were sent to cryptocurrency exchanges!” LINK has dropped since the tokens were sent to exchanges, currently trading at $13.03. Looking at Ethereum (ETH), Martinez reports that the top smart contract platform just experienced its largest jump in…
The crypto firm behind the largest USD-pegged stablecoin by market cap says it is shifting focus to community-driven blockchains. According to a new press release from Tether, the firm behind USDT, the company always takes “community interest” into consideration when evaluating a blockchain. “Community interest plays a pivotal role when we bring USDT to specific blockchains. We carefully evaluate the network’s security architecture to ensure the safety, usability, and sustainability of the chosen blockchain. Our goal is to allocate resources where they can best enhance security and efficiency while continuing to support innovation across the crypto landscape.” According to the…
A correction in Bitcoin (BTC) and crypto markets is deepening after news that former crypto exchange Mt. Gox is following through with a plan to distribute roughly $9 billion worth of digital assets. According to crypto data aggregator Coinglass, over $313 million in positions have been liquidated in the last 24 hours, mostly traders long BTC and Ethereum (ETH). Mt. Gox was the world’s largest Bitcoin exchange at one point before abruptly going bankrupt and “losing” most of its coins due to theft. The exchange ultimately recovered most of its coins and has been in a lengthy bankruptcy process paying…
The founder of venture capital firm Pomp Investments, Anthony Pompliano, is predicting Bitcoin (BTC) will see a boost from artificial intelligence (AI) over the next decade. In a new interview on CNBC Television, Pompliano says that the wealth generated from the AI sector could funnel into Bitcoin as a preferred store-of-value asset. “A couple of years ago, it was all about Bitcoin and crypto. Now a lot of people are talking about AI. But I think people are kind of missing that these are actually part of the same trend. We are going into this automated world where AI is…
A closely followed crypto analyst says that one key indicator could be suggesting an incoming correction for Bitcoin (BTC). In a new video update, crypto strategist Benjamin Cowen tells his 802,000 YouTube subscribers that the price action of gold could be hinting at a large dip for the top crypto asset by market cap. . According to Cowen, in 2019, Bitcoin finished its rally right after gold broke out to new highs – an event he says is likely taking place again. “Gold broke out in 2019 as well and I know people are [going to say], ‘Well this time…
Digital assets manager CoinShares says crypto products bled out last week for the second time in a row to the tune of $584 million. In its latest Digital Asset Fund Flows report, CoinShares says institutional investors have shaved off $1.2 billion in crypto investment products in the last two weeks. “Digital asset investment products saw a second consecutive week of outflows totaling US$584m, shaving off US$1.2bn in total. We believe this is in reaction to the pessimism amongst investors for the prospect interest rate cuts by the FED this year. Last week also saw the lowest volumes traded on ETPs…
A bad actor has reportedly hacked into rapper 50 Cent’s X account and stolen millions of dollars worth of crypto after promoting a pump-and-dump scheme. According to a new report by Fox Business, the rap artist says that his social media account was hacked by a scammer who made away with $3 million in under an hour. 50 Cent says that the fraudster used his account, which has 12.9 million followers, to promote a crypto token known as GUNIT – a reference to the popular hip-hop group he co-founded – causing an unknown amount of investors to purchase it. However,…