Do all paths lead to a short-term drop in Bitcoin price?

Watching certain indicators gives an indication of a possible Bitcoin price drop. Bitcoin (BTC) price hovers around the $23,000 range as high volatility has engulfed the cryptocurrency in recent days. After opening the week well above the $24,000 mark, Bitcoin is now trading in the $23,000 range. Meanwhile, recent trading activity by short-term investors indicates…

Chipotle to donate $200,000 in crypto through ‘Buy The Dip’ game

Chipotle has released a limited-time market simulation game ‘Buy the Dip’ that will donate $200K in cryptocurrency. Chipotle Mexican Grill celebrates National Avocado Day on July 31st and through this new game called ‘Buy the Dip,’ offers players the opportunity to win thousands of dollars in cryptocurrency.This game will also offer participants the opportunity to…

Coinbase CEO Brian Armstrong Says Company Strained From Fast Growth, Looking for Ways To Be More Efficient

Coinbase CEO Brian Armstrong says the exchange is now facing the unwanted consequences of growing its workforce too fast. In a new statement, Armstrong says companies tend to become less efficient when they scale up, affecting their ability to focus on customers. “While this trajectory is natural, it is not inevitable. Every great company, from…

Blockchain Gaming Holds Up As Cryptocurrency Market Wobbles

Investments in blockchain initiatives have been patchy, but GameFi is an industry that continues to thrive despite the market decline. The blockchain gaming industry weathered the storm better than other industries, despite the fact that most investors are focused on the latest scandals related to centralized finance (CeFi) and decentralized finance (DeFi). Blockchain game triumphs…

Crypto Traders Lose $280M After Bitcoin Crashes Above $22,000

As the week draws to a close, there have been some interesting changes in the price of bitcoin. The digital asset that was struggling to hold onto $20,000 finally broke out of that slump and managed to rally to $22,000. This rally naturally led to market sell-offs, and over time these sell-offs increased with the…

FTX US Closing In on $240,000,000 Deal To Buy Crypto Lending Platform BlockFi

FTX US is close to acquiring US-based lending platform BlockFi in a deal worth hundreds of millions of dollars. According to BlockFi CEO Zac Prince, pending shareholder approval, the lending platform has reached an agreement with FTX US for a $400 million revolving credit facility plus an option to acquire BlockFi at a variable price…

Nubank now allows 53 million Brazilians to buy Bitcoin

More than 53 million Brazilian customers can now buy bitcoin through the country’s largest digital bank, Nubank, backed by Warren Buffett. Brazil’s largest digital bank, Nubank, has launched bitcoin purchasing capabilities for all of its 53.9 million customers. The Warren Buffett-backed fintech announced the feature in May via a blog post, mentioning how the option…

Singapore-Based Cryptocurrency Exchange Bybit Expands to Argentina

Bybit, a cryptocurrency exchange based in Singapore, has announced that it will expand its operations to Argentina. The exchange wants to offer Argentine citizens another platform to transact given the popularity enjoyed by the cryptocurrency industry in the country. The exchange will also have a dedicated team to support Argentine operations. Bybit lands in Argentina…