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Price analysis 3/28: BTC, ETH, BNB, XRP, ADA, LUNA, SOL, AVAX, DOT, DOGE

Bitcoin and select altcoins are showing signs of starting a new uptrend, indicating that the sentiment may have turned from selling on rallies to buying on dips. Bitcoin ( BTC ) and several altcoins surprised many with their newfound strength during the weekend. Bitcoin’s rally easily sliced through the $45,900 level, which according to Glassnode was an area of resistance because several investors had purchased near that level when Bitcoin was declining after hitting its all-time high in November. Bitcoin’s strength may have attracted buying in several altcoins, which are still languishing below their 52-week high. The rally in Bitcoin and the bottom fishing in altcoins has boosted investor sentiment, pushing the Crypto Fear and Greed Index into the “greed” territory. Daily cryptocurrency market performance. Source: Coin360 Interestingly, the crypto markets have held a large part of their gains despite the tepid performance of the U.S. stock markets on March 28. This suggests ...

From taxes to electricity, blockchain adoption is growing in Austria

The blockchain technology landscape is shifting in Austria, with public institutions and private firms experimenting with the tech. Austria has been actively transforming into an attractive location for providers of blockchain-based products, with the government itself experimenting with the technology and trying to create a legal basis upon which companies can use it.  With regard to blockchain-based applications in the economy, however, Austria is still in the experimental phase, with most firms still running pilot projects. Still, politicians and economists alike see potential for select industries. Public administration reform via blockchain The Austrian government is quite open to blockchain innovations, cryptocurrencies aside, and has supported various projects in the public and private sectors. In 2019, a consortium of public administration institutions founded the Austrian Public Service Blockchain (APSB). Active participants in the APSB — i.e., operators of their o...

Data: Bitcoin Top 10 Whale Inflows Form Historic Bear Signal

On-chain data shows the top 10 Bitcoin whale inflows are forming a historic bear signal right now, something that could spell trouble for the new rally. Bitcoin Top 10 Exchange Inflows (Whales) Form A Peak Recently As pointed out by an analyst in a CryptoQuant post, the BTC top ten exchange inflows have showed a bearish formation recently. The “all exchanges inflow” is an indicator that measures the total amount of Bitcoin entering wallets of all exchanges during a specific period. Investors usually deposit their BTC to exchanges for selling purposes. Therefore, any spikes in the metric can be bearish for the price of the crypto. A modification of this indicator is the “top 10 exchange inflow,” which measures the sum of the ten largest transactions going to centralized exchanges. As these transfers usually belong to whales, high values of the metric may be a sign of dumping from these massive Bitcoin holders. On the other hand, low top ten inflow values may suggest that whales ar...

Gold industry taps blockchain for supply chain management and fraud prevention

LBMA CEO Ruth Crowell said the new blockchain-based initiative can help to promote “confidence” in the “integrity and accountability” of the gold that is traded. Some of the most prominent organizations in the gold industry have joined forces to launch a new “integrity program” that utilizes blockchain technology for supply chain management — a move that’s intended to help market participants verify the authenticity of their bullion. London Bullion Market Association (LBMA) and the World Gold Council (WGC) announced Monday that they are collaborating to develop an “international system of gold bar integrity, chain of custody and provenance” that’s based on blockchain technology developed by companies aXedras and Peer Ledger. The ledger will be used to register and track gold bars at each stage of the production and distribution cycle, including mining, vaulting and purchase by jewelry manufacturers.  The so-called Gold Bar Integrity Programme is being supported by organization...

Bitcoin Likely To Continue Upward Trajectory, Is $50K Its Next Target?

Bitcoin approaches the high area around its current levels, for the first time since the start of 2022. The cryptocurrency has seen some relief from the macro factors putting selling pressure on its price action, and a new narrative has revigorated the bulls: BTC as pristine collateral. Related Reading | Malice Or Ignorance? The New York Times Keeps Printing Lies About Bitcoin Mining At the time of writing, Bitcoin trades at $47,600 with a 7% and 15% profit in the last 24-hours and 7-days, respectively. BTC is rallying on the 4-hour chart. Source: BTCUSD Tradingview There are several factors that could be contributing to the current bullish price action. As mentioned, Bitcoin has a new narrative supported by the Terra ecosystem and the Luna Foundation. This entity has announced the purchase of billions of dollars in Bitcoin to support the U.S. dollar-pegged of their native stablecoin UST. In addition, the first crypto by market cap will be used to guarantee the 19% APY of Anchor, a...

A Brief Introduction to the Rapid Expansion of the Gaming Industry

Very few modern industries can claim a year-on-year growth rate of over 30%, especially with the global impacts of the pandemic, which stalled progress within many fields. However, one industry that’s seen incredible growth over the past 20 years and continues to do so is gaming – which currently has a total value of nearly 200 billion USD. But, when you take a step back and realize that there are 3.2 billion gamers worldwide, 2.2 billion of which actively play through their mobile devices, it’s no surprise that this industry has such high revenues. The gaming industry is an impressive facet of technology, representing an intersection between world-class tech, consumer advertising, and a level of community engagement that is rarely seen in other industries. But where exactly does the interest in the gaming industry come from? How has it grown, and why is it so successful? In this article, we’ll be delving into the history of the gaming industry, outlining past progress points and poi...

The World Isn’t Body Positive But the Metaverse Can Be

It is no secret that the world we live in is not very accepting of all body types. The body positivity movement has been one of the most popular in the last decade because of our increased awareness of this phenomenon. The last decade has also seen a lot of technological advances, specifically the increased use of decentralized technologies like blockchain. Now, the metaverse is the hot tech buzzword as we’re all looking to interact in a virtual world. But with a lack of body positivity running rampant in the physical world, will it not spill into the virtual one as well? This is exactly what BopoVerse, a metaverse community dedicated to body positivity, is working to solve. Bringing Positivity to the Metaverse One of the cornerstones of the metaverse is the virtual avatars that we are supposedly going to interact with, usually in the form of collectible NFTs. One thing you might have noticed is that these NFTs are usually of a specific body type. This is the first way that body ex...