While many environmentalists worry over the energy consumption rate of Bitcoin (BTC), new reports reveal that the network has consumed more power this year than the whole of 2020. The new, report curated by Bloomberg, noted that “the network reportedly consumed about 67TWh of electricity in 2020, and its total consumption has already surpassed this […]
Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BullishUSOIL has been in an upward move. The index has reached the high of level $73.11 but faces resistance at the recent high. In the previous price action, WTI reached a high of $74 but faces stiff rejection. The market dropped sharply […]
“I am actually trading because I learn a lot of important life lessons from it. Trading helps me get to know myself. It helps me think about why I believe things and why I do things.” – Van Eekelen Name: Michael PlattDate of Birth: 12 December 1968Nationality: BritishOccupation: Hedge fund titan CareerBorn in Preston, England, […]
President of El Salvador Nayib Bukele recently revealed that the country is exploring ways to mine Bitcoin using energy from its volcanoes. The charismatic leader announced via Twitter on Wednesday, noting that: “I’ve just instructed the president of La Geo (our state-owned geothermal electric company) to put up a plan to offer facilities for bitcoin […]
Michal first heard about bitcoin in 2014. He had $4,000 in his savings account. Inspired by his programmer friend, a rabid bitcoiner, he went all-in. “At the time,” he wrote on his Medium page, “I invested my $4k, the price of a bitcoin was about $600. I got 6.55 BTC. I will never forget that […]
The dismal UK retail sales report has failed to support the GBP. So far, today’s markets have been relatively calm. As market sentiments appear to have calmed, the yen continues to reverse this week’s gains. After disappointing retail sales statistics, the dollar softens and the pound weakens slightly. UK retail sales fell -0.9% mom in […]
Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polkadot (DOT) Price Long-term Trend: BullishPolkadot’s (DOT) price has retraced to the low of $33. There are also bullish candlesticks above the $33 support. Also, the crypto’s price is above the moving averages suggesting that the retracement might have ended and an upward move is likely. […]
GBPJPY Price Analysis – September 17 GBPJPY is resisting bearish pressure by forging the market into an ascending triangle pattern. Bearish pressure effectively kicked in when price hit a 3-year high at 156.100 on the 27th of May 2021. Since then, price began a downtrend with a selling pressure which superseded the efforts of the […]
Following the recent Alonzo Mainnet upgrade, Smart Contracts (SC) compatibility has become a reality for Cardano (ADA) developers. The upgrade allows developers to create decentralized applications (dApps) and decentralized finance (DeFi) services. With the recent creation of new SC projects, the network could witness a massive influx of new dApps. Reports show that the network […]
