CryptoLandβ„’ Signal | Analysis | News
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Real-time crypto signals, analysis & news.
Data-driven insights for smarter trading.

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πŸ’  Bitcoin may 'take out' previous $53K lows before bulls regain control

πŸ–‡ According to Cointelegraph, Tuesday’s dip brought the prospect of a $50,000 test ever closer, with buyer support on exchanges looking increasingly shaky.

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πŸ’  $6 billion Bitcoin options expire on Friday

πŸ–‡ Bitcoin current options contracts are valued at around 100,000 bitcoin or almost $6 billion at today’s prices. These contracts will expire on Friday. The future options expiry is significantly more than the previous record of $4 billion, set in late January.

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πŸ’  Bitcoin rally slows as whales transfer wealth to retail investors

πŸ–‡ Crypto analytics firm Glassnode has spotted several indicators suggesting Bitcoin's bulls could be slowing down. The firm noted a decline in the number of Bitcoin whales despite consistent accumulation from wallets holding 1 BTC or less since March 2018.

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πŸ’  Elon Musk: "You can now buy a Tesla with Bitcoin".

πŸ–‡ He added: "Tesla is using only internal & open source software & operates Bitcoin nodes directly.

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πŸ’  US miner Blockcap plans to have 40,000 ASICs operational by Q4

πŸ–‡ Blockcap, one of the largest Bitcoin mining firms in North America, has added more than 12,000 additional Bitmain Antminer S19s to its inventory. The firm is now expecting to have deployed more than 40,000 Bitcoin miners by the fourth quarter, and projects an operational hashrate of roughly 3.5 exahashes per second, or EH/s β€” equal to roughly 2% of BTC’s currently combined hashrate.

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πŸ’  Will Grayscale convert its Bitcoin Trust to a Bitcoin ETF?

πŸ–‡ Grayscale Bitcoin Trust's premium has stayed negative for a month, which could impact on the wider cryptocurrency space. One solution would be to introduce a Grayscale Bitcoin ETF, if the SEC allows it.

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πŸ’  Jim Cramer: Bitcoin made me a 'ton of money' unlike stocks and gold

πŸ–‡ CNBC host Jim Cramer has revealed he made "a ton of money" on Bitcoin (BTC) but gold "let him down."

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πŸ’  Bitcoin whales, institutional investors not bothered by BTC price correction

πŸ–‡ According to a recent tweet by crypto analytics firm Santiment, institutional investors, at least for the moment, are not too bothered with the fall in BTC’s price. In fact, these veteran investors are viewing the dump as an opportunity to accumulate more bitcoin and move it off of cryptocurrency exchanges.

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πŸ’  New South Korean crypto rules will create a monopolized market

πŸ–‡ South Korea is heading into a new period for its crypto industry, with stringent new rules coming into effect on Thursday that will require all cryptocurrency businesses to comply with new reporting regulations and registration rules.

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πŸ’  Satoshi Nakamoto’s view on Bitcoin’s energy consumption

πŸ–‡ Bitcoin has always faced criticism over the high energy consumption involved in mining the cryptocurrency. Recently, a 2010 post from Bitcoin creator Satoshi Nakamoto was published which states: β€œThe utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used. Therefore, not having Bitcoin is a net waste.”

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πŸ’ Ethereum's high gas fee crisis won't be solved by EIP-1559

πŸ–‡ A report by analytics provider Coin Metrics has delved into the world of Ethererum transaction fees noting that they’re still at highest-ever levels and even a much touted approaching network upgrade is unlikely to alleviate the problem.

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πŸ’ Robinhood files SEC paperwork for public offering

πŸ–‡ Robinhood Markets Inc., a popular trading app that recently expanded its cryptocurrency business, has filed paperwork with the United States Securities and Exchange Commission, or SEC, to go public.

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πŸ’ Tether market cap surpasses $40B, growing 10x over 12 months

πŸ–‡Tether (USDT), the world’s most liquid stablecoin, surpassed $40 billion in market capitalization on Wednesday, highlighting the rapid growth of cryptocurrency investing over the past year.


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πŸ’ Analysts still 'bullish on April’ despite Bitcoin price drop to $54K

πŸ–‡ According to Cointelegraph, Pro traders and analysts view Bitcoin’s dip below $54,000 as another bullish buy-the-dip opportunity.

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πŸ’ Federal judge's decision could be a blow for the privacy rights of crypto users

πŸ–‡A U.S. federal judge has implied that an individual may not have the right to force the Internal Revenue Service, or IRS, to expunge financial records it obtains from crypto exchanges.

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πŸ’ Bitcoin mining piles pressure on struggling chip industry

πŸ–‡Coupled with a massive Bitcoin bull run, miners are looking to more efficient machines in order to stay competitive. That, in turn, is helping to drive up demand for high-end chips.


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πŸ’ Lottery protocol PoolTogether among most utilized protocols in DeFi

πŸ–‡Data published by crypto analytics provider Messari indicates that PoolTogether no-risk lottery platform has amassed more than 6,000 users since launching in October.


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πŸ’ Microsoft president: fintechs should leave currency issuing to central banks

πŸ–‡Microsoft president Brad Smith is not keen on the idea of technology companies issuing private stablecoins. Siding with financial regulators, Smith stated:
β€œI think the world has been better served by what has been a movement over centuries to put that in the hands of governments. We’re not a bank and we don’t want to become a bank and we don’t want to compete with our customers who are banks.”


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πŸ’ German federal bank runs successful blockchain system without a CBDC

πŸ–‡Germany’s federal bank, the Deutsche Bundesbank, has run successful tests on a project which bridges the traditional finance infrastructure with blockchain technology.



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πŸ’ Institutional managers hold a record $57B worth of crypto

πŸ–‡ According to CoinShares, Inflows into cryptocurrency investment products topped $57 billion last week, marking a new all-time high and underscoring the rapid adoption of digital assets underway among institutions.

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