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The Wuling COVID Testing Cars will be delivered at the end of May

HONG KONG, May 23, 2022 - (ACN Newswire) - On May 13, Guo Yanhong, the supervisor of the Medical Administration and Hospital Authority of the National Health Commission,...

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Bitcoin Game Theory Intensifies: Russia Accepts Bitcoin For Exports

News out of Russia indicates the country is open to accepting Bitcoin and other hard assets in exchange for oil and other commodity exports.

Bitcoin Game Theory Intensifies: Russia Accepts Bitcoin For Exports

News out of Russia indicates the country is open to accepting Bitcoin and other hard assets in exchange for oil and other commodity exports.

Bitcoin Game Theory Intensifies: Russia Accepts Bitcoin For Exports

News out of Russia indicates the country is open to accepting Bitcoin and other hard assets in exchange for oil and other commodity exports.

Can On-Chain Indicators Call Tops And Bottoms For The Bitcoin Price?

Analyzing seven key on-chain indicators can give us major hints as to when the bitcoin price is at the top or bottom of the current market cycle.

Can On-Chain Indicators Call Tops And Bottoms For The Bitcoin Price?

Analyzing seven key on-chain indicators can give us major hints as to when the bitcoin price is at the top or bottom of the current market cycle.

Can On-Chain Indicators Call Tops And Bottoms For The Bitcoin Price?

Analyzing seven key on-chain indicators can give us major hints as to when the bitcoin price is at the top or bottom of the current market cycle.
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Russia Is Open To Selling Natural Gas For Bitcoin

Russia can trade with ‘friendly’ countries in national currencies or bitcoin, the chairman of the State Duma committee on energy said.

What Can The Bitcoin Price Tell Us About The Mining Hardware Market?

How closely linked are bitcoin price and mining rig market? And what can this link tell us about current and future ASIC prices?

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Committed to Driving Bitcoin Adoption via Lightning Network Offering; Network Tripled Capacity in 2021

The Lightning Network provides instant payment transfers/settlement times, scalability, low costs/fees, and works across blockchain with the same cryptographic hash function The Network’s capacity grew from 1,089 BTC to 3,479 BTC in 12 months LQwD’s active public nodes on the Lightning Network include France, England, Singapore, Sweden, Italy, Indonesia, Germany, Ireland, and the U.S. and … Continue reading "LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Committed to Driving Bitcoin Adoption via Lightning Network Offering; Network Tripled Capacity in 2021"

The post LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Committed to Driving Bitcoin Adoption via Lightning Network Offering; Network Tripled Capacity in 2021 appeared first on CryptoCurrencyWire.

DeFiChain: Native Decentralized Finance for Bitcoin

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DeFiChain is a decentralized proof-of-stake blockchain that is specially dedicated to decentralized financial applications. As a fork of Bitcoin’s blockchain, DeFiChain allows DeFi applications (dApps) to implement more advanced through custom transactions, also known as DeFi Transactions (DfTx). There are loads of DeFi platforms out there – but many don’t support Bitcoin. This is an [...]

The post DeFiChain: Native Decentralized Finance for Bitcoin appeared first on Blockonomi.

Bitcoin poised around $41k amid fresh risk-off sentiment

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Bitcoin (BTC) was holding above $41,000 on Monday evening following an intraday dip towards…

The post Bitcoin poised around $41k amid fresh risk-off sentiment appeared first on Coin Journal.

Bitcoin NUPL Suggests Bear Market Yet To Hit In Full Swing

On-chain data shows the Bitcoin NUPL metric currently has values that would suggest the bear market is yet to hit in full swing, if the coin is in one. Bitcoin NUPL Value Still Not As Low As Previous Bear Markets As pointed out by an analyst in a CryptoQuant post, the BTC NUPL metric suggests market hasn’t neared a bear market bottom yet. The “net unrealized profile/loss” (or NUPL in short) is an indicator that tells us about the ratio of profit and loss in the Bitcoin market. The metric’s value is calculated by taking the difference between the market cap and the realized cap, and dividing it by the market cap. When the NUPL has a value greater than zero, it means there are more coins in profit than ones in loss at the moment. On the other hand, negative values of the indicator imply that investors are, on average, in a state of loss right now. Related Reading | Bitcoin Bullish Signal: Exchange Reserve Loses Another 50k BTC Over Past Week Now, here is a chart that shows the trend in the Bitcoin NUPL over the history of the crypto: Looks like the value of the indicator is still above zero | Source: CryptoQuant As you can see in the above graph, the Bitcoin NUPL metric has often been able to predict top and bottom formations through its various colored zones. In the previous bear markets, the indicator’s value has usually fallen off below zero (blue) as a bottom approached. In the lead up to these bearish periods have been the yellow and green phases, but currently the NUPL still looks to be in the yellow zone. This may mean that if Bitcoin has already entered into a bear market, it has still some ways to go before total capitulation and bottom formation. Related Reading | What’s Bitcoin Role After End of Petrodollar System? Arthur Hayes Says However, it’s worth noting that there have been instances before where the indicator dropped into the yellow zone after a bull rally, but then jumped back up soon after as the bullish trend continued, indicating a mid-cycle bottom formation instead. The latest example of this was during the mini-bear period of May-July 2021, where the coin bottomed at around $28k and rallied on to a new ATH. BTC Price At the time of writing, Bitcoin’s price floats around $41.4k, up 6% in the past week. Over the last month, the crypto has gained 8% in value. The below chart shows the trend in the price of the coin over the past five days. The price of the crypto seems to have held above $40k over the past couple of days | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com
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