The Bitcoin logo lights up Berlin

The Bitcoin (BTC) logo was placed atop Germany’s tallest tower over the weekend in Berlin, Germany. The logo took the shape of a gigantic orange letter B and lit up the night sky. On January 21st, the Bitcoin logo was shown on the Berliner Fernsehturm tower, which is more commonly known as the TV Tower.

Users of Bitcoin in Germany raced to Twitter and other social media sites to upload images and films of the illumination. Notable Bitcoin Twitter accounts then shared these photographs and videos with their followers.

“To put it more simply, we would want to draw your attention to bitcoin!

We believe in using subversive strategies such as this one, and we are going to carry out our plans as intended.”

Tilo is the Chief Executive Officer of an events firm that is in charge of organising the “Best of Blockchain” conference that will take place this year. The conference is scheduled to take place in this year.

In one of the comments, he outlined how simple the process is for making light displays, adding that all that is necessary is “a mixer, power station, and customised Bitcoin logo.” He went on to explain how straightforward the operation is. Tilo made an effort to carry out the operation towards the tail end of the year before. However, the beamer that I used was insufficient, as he said. It is not the first time that the Bitcoin logo or themes associated with it have been projected onto well-known buildings.

May of 2021 was the month when London saw the projection of the statement “Fiat is the bubble, Bitcoin is the pin” onto the Bank of England. This took occurred in London.

Tilo has in the past beamed Bitcoin words onto the world-famous Berlin wall and had offered an inventory of the supplies required to organise illuminations with others who were interested in doing it themselves.

On the other hand, he insists that “advertisements” of this sort are not absolutely authorised, and as a result, it is preferable to approach with utmost caution in regard to this topic.


Tagged : / / / / /

Ethereum price all-time high follows reduced gas costs and DeFi revival

Mainstream adoption of cryptocurrency continues to reach new highs in 2021 thanks to the growth of popular sectors like decentralized finance (DeFi) and nonfungible tokens (NFT). 

The explosive growth seen over the past year would not have been possible without the Ethereum network (ETH), which saw its price break out to a new all-time high on April 27 following the successful launch of the ‘Berlin’ upgrade on April 15.

ETH/USDT 4-hour chart. Source: TradingView

Data from Cointelegraph Markets and TradingView shows that the price of Ether has rallied 27% over the past five days from a low of $2,107 on April 25 to a new record high at $2,680 on April 27 as altcoins appear to be gaining momentum.

ETH/BTC foretold the move

Signs of an impending breakout have been appearing for a while as pointed out by Raoul Paul, founder and chief executive officer of Real Vision Group.

Following the price shakeout on April 24 when Bitcoin (BTC) dipped to $46,000 before springing back above $54,000, Ether gained ground on the top cryptocurrency.

Struggles with high transaction costs and slower confirmation times have weighed heavily on Ether price over the past couple of months as the excitement around DeFi and NFTs led to skyrocketing activity on the network.

After the Berlin upgrade was successfully implemented on April 15, the average gas fee began to decline to more manageable levels resulting in an increase in trading volume on the top decentralized exchanges like Uniswap (UNI) and SushiSwap (SUSHI).

With a majority of the top DeFi and NFT protocols currently operating on Ethereum, the uptick in activity has resulted in the price of Ether appreciating faster than BTC in the short term as predicted by several analysts.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for Ether on April 25, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. ETH price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for Ether began to trend higher on April 23 and registered a high score of 71 on April 25, roughly five hours before the price began to rally 11% over the next two days.

With DeFi-related activity again on the uptrend and excitement building for Eth 2.0 and the full migration to proof-of-stake, Ether price looks well-positioned for further upside.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.