The New Zealand dollar is in negative territory on Thursday, after posting five straight losing sessions. In the Asian session, NZD/USD fell below the 0.66 line for the first time since November 2nd and is down 0.40% on the day. New Zealand CPI hits 5.9% New Zealand consumer inflation surged to 5.9% in Q4, up from […]

Reportedly, the Frog Nation and Wonderland.Money operative 0xSifu has been identified as one of the co-founders of the fraudulent crypto exchange QuadrigaCX. Patryn served 18 months in prison for identity theft Via Twitter, blockchain investigator @zachxbt reported that he has linked 0xSifu’s identity to that of Michael Patryn. While not explicitly confirming the identity, Frog […]

The post Frog Nation CFO 0xSifu Doxxed As QuadrigaCX Co-Founder Michael Patryn appeared first on CryptoCoin.News.

In the past few days, whales of Ethereum have been on a buying spree as their tokens accumulation continues. (Read More)

Despite the short-term pain being experienced in the BTC market, long-term holders remain solid in their investments. (Read More)

Since crypto has become more mainstream, there has been one issue of ill or another in the sector. This shows that some traders’ concerns about entering the market are valid. Despite a widespread clampdown on these malicious actors, they always find a new way to reinvent themselves. This is highlighted in the latest Chainalysis report, […]

Ark Invest’s new report predicts Ether’s market cap will have reached $20 trillion and Bitcoin’s price will have exceeded $1 million by 2030 based on BTC’s use cases and how ETH captures market share from TradFi.

Despite the fact that the end of 2021 suggested that there could still be some concern in regard to the volatility of the market, there is no doubt that last year was huge for the cryptocurrency industry and one that was huge in general. Indeed, there were a number of different things to look out for including things such as non-fungible tokens (NFTs) and decentralized finance (DeFi), Ethereum (ETH-USD) and smaller cryptocurrencies, however it is was also a year that had plenty of impact on Bitcoin. The cryptocurrency, which had experienced a number of fluctuations over the last 12 months, had managed to hit an all-time high of a price near $69,000 in November, however it had been reduced to around $47,000 recently, leaving its market capitalization to being its second lowest and around 40% according to TradingView data. Nonetheless, this has not stopped many bulls from predicting that Bitcoin will still be able to reach the $100,000 price that many have hoped it would, with many standing strong in their prediction and seemingly having as much confidence in it happening as before. Naturally, there are a number of different factors that many individuals and experts may look to point to when it comes down to trying to back their prediction, with the gambling industry perhaps one of the biggest. Crypto gambling is an activity that is enjoyed by many holders of virtual currency, with the use of a Bitcoin casino continuing to increase due to the benefits that gamblers are able to enjoy when playing their favorite games. Additionally, to further support the suggestion that Bitcoin has benefited from this particular industry and will likely continue to do so, a study by Thomas Conlon and Richard McGee in 2020 has already shown that the crypto token had enjoyed an increase in price once before because of the wagering industry. CryptosRus George Tung told Yahoo Finance that whilst in the “short-term, there may be some volatility,” he felt that in the “long-term, inflation is going to be a continuing issue, and bitcoin is seen as the best hedge against inflation at this point.” Blockstream’s chief strategy officer Samson Mow also appeared to double down on the prediction that Bitcoin will be a six-figure price by suggesting that it could happen inside the next six months. He stated: “We’ll see $100k within the first half of the year.” How did it also reveal that Bitcoin will still be a rather risk-sensitive asset over the short-term, with a number of different factors at play, but also stated: “on a long enough time horizon, [Bitcoin] does its own thing.” El Salvador President, Nayib Bukele, has recently echoed the opinion that Bitcoin will also be able to reach the $100,000 price in 2022, as he made a number of strong predictions whilst taking to Twitter and posting a tweet to all of his followers. One of the predictions that he made that could help the digital asset to become a six-figure coin was that he felt two more countries will adopt the token as legal tender in the next 12 months, thus joining the Latin American country in becoming amongst the first to accept it. Mow highlighted that “[Bitcoin] mining at the national utility level is the first step,” and a number of countries have seen the market resurface. Despite the fact that China banned cryptocurrency mining in June 2021, countries including Canada, Iran, Germany, Malaysia, Russia and the United States have all seen a resurgence in market interest, according to research compiled by the Cambridge Bitcoin Electricity Consumption Index (CBECI). Some would suggest that Bukele’s and Mow’s thoughts are shared, though, due to the interest that they have together after a partnership was announced that would see them offer “volcano bonds”. Half of the billion-dollar sovereign debt would be going towards financing “Bitcoin City ” which would harvest nearby geothermal energy from a volcano to mine Bitcoin. Mow stated that a “zero tax on everything” development zone would help to transform El Salvador into the “Singapore of Latin America,” however it should be noted that the bond is not yet available, as Blockstream continues to work with a number of brokers. The other half of the 10-year bond offering will be converted into Bitcoin, with a coupon of 6.5% being carried over the next decade.

With bitcoin’s price falling, how much more loss can the market sustain and is there more short-term downside?

ARK Investment Management, an American investment firm with $23.9 billion in assets under management spearheaded by star fund manager Cathie Wood, has predicted the price of the flagship cryptocurrency bitcoin ($BTC) could hit $1 million by 2030, while by then Ethereum’s ether ($ETH) could reach $180,000. In a newly published report titled “Big Ideas 2022,” […]

The number of global crypto owners is expected to exceed one billion by the end of the year, according to a report by Crypto.com. “Nations can no longer afford to ignore the growing push to crypto by the public. We may in many cases expect a friendlier stance towards the crypto industry,” the company said. […]

After nearly a month of Season 12, League of Legends will receive the 12.3 patch next week. Riot Games’ developer Phlox explained how it should adjust champions and aim “to shift light fighters toward lower-durability itemization.” The update will hit various AD items, giving them a tweak to nerf mostly physical damage-reliant champions. It mostly […]

The post League of Legends Patch 12.3 Buffs Brand, Quinn and Lillia appeared first on Esportz Network.

While not released yet, Coinbase is poised to make a splash amongst NFT marketplaces when its upcoming platform does finally launch.

The post Coinbase’s VP of product demos user experience for forthcoming NFT platform appeared first on The Block.