Polygon (MATIC) has the potential to reach $3.50 by the end of this year as it charts a pattern that’s starting to resemble a bull flag. In detail, bull flags are bullish continuation patterns that emerge when the price consolidates following a strong move higher....
Blockchain
Blockchain
Bank of Russia to assess Bitcoin holdings volumes as $36B leave banks
The central bank of Russia is trying to evaluate the amount of Bitcoin (BTC) held by local investors amid a massive amount of money not returning to banks following the pandemic-fueled withdrawals. According to Elizaveta Danilova, head of the central bank’s financial stability department, the...
Japan will prioritize simplicity in CBDC design, says central bank executive
While Japan’s CBDC plans are still in the research stage, Shinichi Uchida, an executive of the Bank of Japan (BOJ), has said simplicity will drive the central bank’s design thesis for the digital yen. According to Reuters, Uchida made this known during a speech delivered...
Second-largest US mortgage lender UWM dumps Bitcoin payment plans
United Wholesale Mortgage (UWM), one of the largest wholesale and purchase lenders in the United States, is ditching Bitcoin (BTC) payments plans after running a test. UWM officially announced Thursday that the company has successfully conducted its first-ever cryptocurrency mortgage pilot, accepting five crypto payments...
Think $60K is the top? This Bitcoin fractal suggests it’s the next bear market bottom
Bitcoin (BTC) may have hit highs of $60,000, but calculations suggest that the price level will matter much more to bears, not bulls. In a tweet on Oct. 14, popular Twitter account TechDev again highlighted historical data that has so far accurately tracked Bitcoin’s highs...
Flow integrates Filecoin storage services to make NFTs more decentralized
Filecoin has officially become the storage collaborator for the Flow Blockchain. Filecoin said in a Wednesday announcement that the move was a part of a push to ensure holders’ and issuers’ nonfungible tokens (NFTs) are “securely available everywhere.” The announcement follows from a previous move...
Bitcoin hits $60K for the first time since April after reports of imminent ETF approval
Bitcoin (BTC) has surpassed the $60,000 mark briefly for the first time since April 2021. The price has been boosted by reports suggesting a Bitcoin futures exchange-traded fund (ETF) is likely to begin trading in the United States as early as next week. Data from...
ANZ bank settles debanking case with Aussie Bitcoin trader
Bitcoiner Allan Flynn has settled his first complaint with the Australia and New Zealand Banking Group (ANZ) over being unilaterally debanked in 2018 due to his occupation as a Digital Currency Exchange (DCE). The settlement comes 20 months after the Canberra resident first filed complaints...
Half of unique active crypto wallets played a blockchain game in Q3
The number of crypto wallets participating in blockchain games has surged in recent months, according to new research. According to DappRadar’s Q3 ‘Blockchain Game Report’, unique active wallets connected to gaming decentralized applications reached a total of 754,000 for the period. This represents almost half...
SEC likely to allow Bitcoin futures ETF to trade next week: Reports
The long wait for a Bitcoin (BTC) exchange-traded fund (ETF) could soon be over according to sources reported by financial media giant Bloomberg. Citing “people familiar with the matter,” Bloomberg has reported that the United States Securities and Exchange Commission is poised to approve the...