THE DAILY ENCRYPT

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Bitcoin Retraces Back To $43K, Why The Next Few Months Could Be Bullish

Bitcoin found short-term support near $43,000 as it retraces some of its gains from the current week. The first crypto by market cap is displaying more strength and managed to close February’s monthly candle in the green, something that last happened back in Q4, 2021. Related Reading | Bitcoin Breaks Above 50-Day SMA, Will BTC …

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Bitcoin Bearish Signal: Exchanges Observe Huge Inflow From Long-Term Holders

On-chain data shows exchanges have received a huge Bitcoin inflow spike from long-term holders, a sign that could be bearish for the price of the crypto. Investors Holding Bitcoin Since 12 Months To 18 Months Ago Transfer A Huge Amount To Exchanges As pointed out by an analyst in a CryptoQuant post, some long-term investors …

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Leaked Images Suggest Opensea Plans to Add Solana-Based NFT Support

Leaked images that allegedly derive from the leading non-fungible token (NFT) marketplace Opensea indicate that the platform may soon introduce Solana-based NFTs. The images were discovered by the tech blogger Jane Manchun Wong who is well known for leaking information about yet-to-launch features from specific tech platforms. Tech Blogger With History of Discovering Yet-to-Launch Features

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Blockchain as the Frontier of Large-Scale Games

Blockchain has revolutionized many aspects of the gaming industry. Fundraising is no exception: The popularisation of fundraising via NFTs and Tokens has given creators the ability to amass funding and feedback from the community at the early stages of the development process. This new crowdfunding model is exceptionally suited for making epic franchises, placing blockchain

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Paying Netflix With Bitcoin? Here Is How It Could Happen

A team of developers at Suredbits recently posted a Bitcoin-based solution for recurrent payments. In theory, this alternative could enable users to pay for subscription services, such as Netflix, Microsoft, and others, and could be an important step in advancing BTC adoption to the mainstream. Related Reading | Strike CEO Jack Mallers Explains Bitcoin To

Zignaly Secures $50M to Accelerate Global Adoption of Its Social Crypto Investment Ecosystem

Zignaly, a social crypto investment platform, announced on February 22 that it had secured $50 million from GEM Global Yield LLC SCS (GGY), a Luxembourg-based alternative investment group focused on emerging markets worldwide. Zignaly will use the capital to accelerate its global expansion. The crypto investment platform offers a variety of products and services that …

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Cardano (ADA) Ready For Rally Towards $1.50? What Indicators Are Saying

Cardano (ADA) has not been on the best of trends lately. In fact, since the digital asset touched its high above $3 in September 2021, it has been a continuous trend of heartbreak for its holders. Every slight upward recovery has been marked by a deeper dip, sending the cryptocurrency towards new lows each time. …

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