Latest Market News
Tesla and SpaceX CEO Elon Musk has changed his Twitter profile picture to a collage featuring images of Bored Ape Yacht Club (BAYC) non-fungible tokens NFTs. From what we know so far, however, it seems that Musk isn’t exactly a fan of NFTs.
Crypto.com, a digital asset trading platform with over 10 million users worldwide, has come under fire for severely slashing its rewards program, a major reason for the platform’s explosive growth in recent years.
There have been various consensus procedures since the blockchain industry's inception. Proof-of-Work (PoW) and Proof-of-Stake (PoS) are two examples (PoS). The PoW requires a substantial amount of computer power, whilst PoS is determined by the amount of stake, such as the total quantity of coins owned by a player. The Proof-of-Time (PoT) consensus process however enables everyone on the network to become a node. Proof-of-Time (PoT) is a blockchain algorithm that is used by the Analog platform. One of the goals of the platform is to "create the world's first Timegraph driven by blockchain technology." For individuals and businesses alike, the Timegraph is a searchable database of verified time data that can be utilized to power many applications.
Bitcoin is down 17.5% in the last 30 days, and is currently struggling to hold above $38,000. Analysts seem to expect further price declines. Buyers seem to defend the lower edge of the price channel that has been forming since the last week of January 2022. This trend line could be considered the last line of defense to prevent BTC from slipping further toward the 2022 lows. Some fundamental data suggests that these are the levels to accumulate Bitcoin but there's a lot of uncertainty in the crypto market.
Regardless of what’s happening the crypto asset markets, blockchain and crypto projects never sleep. Let’s take a look at 3 projects that will be especially interesting to follow in the next 7 days thanks to upcoming developments.
It is not often that we see an individual take a big tech company private in a very public acquisition. Well, that’s exactly what Tesla and SpaceX CEO Elon Musk is currently doing with Twitter (TWTR).
As the crypto market has been sideways over the past few months, with Fear and Greed Index constantly hitting extreme fear, the team at Bitrue still sees a huge potential for a rally soon enough.
Looking back at the month that is nearly behind us leaves a sour taste in the mouth - the total cryptocurrency market cap dropped from $2.21 trillion at the beginning of April to $1.86 at the time of writing. Bitcoin and virtually all other digital, as well as traditional assets, experienced notable negative price movement in April, fueled by economic uncertainty caused by the war in Ukraine, rising interest rates, and a potential widespread re-emergence of Covid-19 in China.
Anchor Protocol allows investors to earn up to 20% APY on their TerraUSD (UST) deposits. Learn how to generate passive income with your UST by lending in our step-by-step guide.
Tesla and SpaceX CEO Elon Musk has succeeded with his bid to buy Twitter. The company’s board unanimously approved the deal, which will see Twitter shareholders receive $54.20 for every share they own. The total size of the deal, which is expected to close later this year, is about $44 billion.
