Bitcoin (BTC) bounced back above the psychological level at $50,000 and the S&P 500 hit a new all-time closing high on Dec. 23, suggesting that the panic selling caused due to the omicron variant is subsiding and the much-awaited “Santa rally” may have started. Data from on-chain analytics firm Glassnode shows that about 100,000 Bitcoin is going from “liquid” to “illiquid” state every month, which means that the coins are being sent to addresses “with little history of spending.” This suggests accumulation by investors. In another sign that investors are not dumping their coins on small corrections, data from CryptoRank …

Bitcoin (BTC) is attempting to break above the psychologically critical level at $50,000 and close the year on a strong note. The up-move in Bitcoin has led to a sharp recovery in the value of the Crypto Fear & Greed Index from 27 to 45 within a day, signaling improving sentiment. BlockFi co-founder Flori Marquez said in a recent interview that new talent, regulatory clarity and higher crypto prices could lead to a feeling of FOMO, boosting crypto adoption in 2022. Marquez added that the “majority of Blockfi’s clients–when they receive a BTC reward, they’re not selling that for cash.” …

Events and concerts are sucking artists and organizers dry through an archaic and ineffective ticketing system. This inflexive system is dominated by three players hogging up to 80% of the generated revenue. Its failure to evolve with the times has created loopholes for unscrupulous individuals to exploit artists and organizers. First off, it has enabled the emergence of an uncontrolled secondary market. Here, bad actors make a killing reselling tickets exorbitantly to clueless fans, and obviously, they don't share profits with the creators and planners. Further, the inefficiencies of the current ticketing systems have given rise to scalping. Unethical parties …

Bitcoin (BTC) continues to lose ground in December, a signal that traders may be locking in their gains before the end of the year. The lack of a Santa rally in the U.S. equity markets indicates that the risk-off sentiment prevails due to the uncertainty regarding the spread of the COVID-19 Omicron variant in several parts of the world. Even after the sharp drop in Bitcoin’s price, the demand from institutional investors remains tepid, and data shows that the largest institutional Bitcoin product, the Grayscale Bitcoin Trust (GBTC), is trading at a discount of more than 20%. Veteran trader Peter …

On Dec. 15, Genius Yield, a decentralized automated market maker and liquidity management protocol built on the Cardano (ADA) blockchain, announced the launch of its initial stake pool offering, or ISPO. The fundraising will continue for six months until June 15, 2022. At the time of publication, more than 95.8 million ADA, worth approximately $118 million at the time of writing, have been delegated to the stake pools. In an ISPO, blockchain enthusiasts stake their cryptos in a protocol and receive tokens of the new project they fund as rewards. After a lockup period, investors can then reclaim their staked …

Today, the future of content production is ripe for disruption. With advances in technology and the rise of a generation of influencers, the skills of content production have been adopted en masse. Individuals and groups are now producing valuable streams of all forms of content across multiple channels, including YouTube, Instagram, Twitch and lesser-known distribution channels. This has seen a devaluing of the content itself. Although the creator is putting a lot of time and effort into the production process, it is often the case that the commercial return does not reflect this effort. How do we ensure that the …

Cardano (ADA) may rally by nearly 30% in the coming days as it hints at forming a classic bullish reversal pattern. Sharp ADA rebound underway Dubbed "triple bottom," the pattern typically occurs at the end of a downtrend and consists of three consecutive lows printed roughly atop the same level. Meaning, triple bottoms indicate sellers' inability to break below a specific support level on three back-to-back attempts, which ultimately paves the way for buyers to take over. In a perfect scenario, the return of buyers to the market allows the instrument to retrace sharply towards a higher level, called "neckline," …

Solana, the fifth-largest cryptocurrency by market capitalization, is leading on-chain development charts despite a recent denial-of-service (DDoS) attack. As per Santiment data, Solana surpassed the daily GitHub submission rates of Polkadot and Cardano to become the leading blockchain over the past month. The number of daily GitHub submissions for Solana reached 90 between Nov. 12 and Dec. 13, followed by Polkadot at 76, and Cardano at 65. The surge in on-chain development activity for Solana comes in the wake of a recent DDoS attack on Dec. 9 that slowed down the network considerably. The fifth-largest blockchain managed to mitigate the …

Haiti, a Western Caribbean country torn by a tragic past, natural disasters, poor leadership, and ineffective foreign aid, is not a country that comes to people's minds when they think of blockchain adoption. For years, Haiti has been among the world's poorest countries in terms of GDP per capita, as per data from the World Bank. But Haitian-Canadian entrepreneur Nandy Martin, colloquially known as Captain Haiti for wandering the streets of his community in his superhero attire and signature shield prop, has ambitious goals to change that. Operating from the sunny domains of his humble abode in Miami's Little Haiti, …

Bitcoin (BTC) is attempting to extend its recovery by rising above the psychological mark at $50,000, but several popular analysts believe that BTC could remain range-bound for a few weeks or even months. On-chain analytics firm CryptoQuant said that Bitcoin “whales are still depositing BTC to exchanges.” This simply indicates that whales are setting themselves up to react at short notice depending on which path the price elects to take. The sharp correction of the past few days has pulled the Crypto Fear and Greed Index to 16, which indicates a sentiment of “extreme fear.” Some believe the current fall …

Bitcoin (BTC) and Ether (ETH) have turned down from their respective overhead resistance levels, suggesting that bears continue to sell on rallies. New research in Australia suggests that the Ethereum Improvement Proposal (EIP) 1559 upgrade has turned Ether into a better store of value than Bitcoin. The report said the annual rate of increase in Ether’s supply since EIP-1559 is 0.98% compared to an increase of 1.99% in Bitcoin’s supply. Demand for Ether has been on the rise following the surging popularity of nonfungible tokens, decentralized finance and Metaverse-related altcoins. Several analysts remain bullish on Ether and anticipate it to …

Bitcoin (BTC) finished the month of November with a decline of about 7%. This was in sharp contrast to the prediction of the “worst-case scenario” of $98,000 by PlanB, the creator of the popular stock-to-flow model. Although the analyst described it as a “big miss”, he said he would give the Floor model one more month. In its latest “Week On-Chain” report, Glassnode analysts said that Bitcoin’s correction in November was the “least severe in 2021.” Analysts now expect Bitcoin to witness a Santa rally, similar to the 47% up-move in December 2020 or the sharper 80% surge that occurred …