johanpedersen

johanpedersen

Given the growing interest in crypto adoption as a legal tender, it’s not shocking that many participants will wish to legalize bitcoin. The level of support for crypto was evident in a new survey conducted by The Economist. This survey aimed to know the number of people who want their governments to legalize crypto. The number of respondents was 14,000, and the...

johanpedersen

Bitcoin (BTC), the leading crypto asset, is likely to grow in the near future, says senior analyst Marion Laboure of Deutsche Bank. The analyst is also the author of ‘Democratizing Finance – the Radical Promise of Fintech’. In her most recent interview with CNBC, the senior analyst at Deutsche Bank overviewed the current state of the crypto market and shared her...

johanpedersen

Blockchain company Ripple has allocated $100 million to accelerate carbon removal activity and aid in modernizing such markets with the help of investments in innovative carbon removal firms and sustainable financial tech platforms. According to the official press release, Ripple also plans to create a “portfolio of additive, long-term, nature and science-based...

johanpedersen

On the daily time frame, Bitcoin (BTC) remains trading in the middle of a wide range, which means that the coin is still accumulating efforts for a further sharp move. If the price approaches $31,000, one can expect the possible test of the resistance at $32,950 within the next few days.

johanpedersen

In an interesting turn of events, XRP (XRP) has flipped Solana (SOL). XRP is now the sixth biggest cryptocurrency in the world by market cap. At the time of writing, with a market cap of $25,935,499,965, XRP is at $0.536664, 0.2% up in the past hour. Meanwhile, Solana has a current market cap of $24,166,338,404. Analysts on Twitter also claim that XRP has its...

johanpedersen

Bitcoin climbed back above $40,000 and it might move to $45,000 amid a broad rally in financial markets, while day-trading favorite Shiba Inu surged more than 30%. Shiba Inu and three other tokens — Solana’s SOL, Polygon’s Matic and Compound’s COMP — were all listed for the first time on Robinhood Markets Inc.’s platform. Shiba, which trades at a fraction of...

johanpedersen

The ETHUSD technical analysis of the price chart on 1-hour timeframe shows ETHUSD: H1 has breached below the 200-period moving average MA(200) following a breach below the support line after multiple tests of. We believe the bearish momentum will continue after the price breaches below 3250.15. A level below this can be used as an entry point for placing a pending...

johanpedersen

Leading cryptocurrencies exploded in value from the beginning of 2020 through the first half of 2021. Bitcoin ( BTC -0.25% ) and Ethereum ( ETH 1.46% ) have climbed 918% and 1,940%, respectively, over the last three years, but they have cooled off along with the stock market in recent months. Growing interest from institutional investors and the high volume of...

johanpedersen

Following the ongoing war in Ukraine and the aid received by the Ukrainian government in cryptocurrencies, the country’s President, Volodymyr Zelenskyy, has legalised the use of crypto. The President signed a bill on virtual assets that determines the legal status, classification ownership, and regulations of virtual assets, and sets registration requirements for...

johanpedersen

Bitcoin briefly spiked above $41,000 for the first time in a week, bringing the cryptocurrency out of its recent narrow trading range, as risk assets rebounded worldwide. The largest digital asset by market value jumped as much as 5.7% to $41,691 before paring its gains in early New York trading. It is down about 12% this year. Other tokens such as Ether and...

johanpedersen

Meta-owned major photo and video social network Instagram might start supporting “some” NFTs “over the next several months,” according to multiple reports, citing Meta CEO Mark Zuckerberg. He also stressed the importance of the metaverse for his company. In a conversation at Austin’s South by Southwest Festival (SXSW) on Tuesday, Zuckerberg announced the plan...

johanpedersen

On Monday, the much-anticipated Markets in Crypto Assets Regulation (MiCA) bill was enacted. It will concentrate on a coordinated strategy to crypto by all EU members. Because of its significant power consumption, the law originally included an indirect provision to prohibit proof-of-work mining. Many crypto watchdog critics dubbed it a “proposed Bitcoin mining...