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As Bitcoin mining activity strengthens in the U.S., is it fading out from Kazakhstan
It is no news that crypto mining is energy-intensive. Recently, New York State residents addressed a letter to the governor to reassess mining permits to crypto businesses. It includes names like Greenidge Generating Station and the Fortistar North Tonawanda. Additionally, the petitioners went on to ask for a statewide moratorium on proof-of-work (PoW) cryptocurrency mining. While […]
2021-10-23 23:10:29
Thai Prime Minister Cautions Investors Getting Into Crypto as Interest in Digital Assets Soars
The prime minister of Thailand has cautioned investors getting into cryptocurrencies, noting that they are volatile and highly speculative. Recently, interest in cryptocurrencies has soared as young investors in the country discovered that they could make money quickly by investing in cryptocurrencies. Thai Prime Minister Warns About Crypto Investing Ratchada Thanadirek, deputy spokeswoman for the […]
2021-10-23 23:10:03
Report: Over 3 Million Email Addresses of CoinMarketCap Users Leaked
A recent report claims that about 3.1 million email addresses belonging to CoinMarketCap users were leaked and are being traded online.
2021-10-23 22:10:50
Titan Mining Firm Launches Open-source Project Lumerin, Set to Commodify Bitcoin’s Hashpower
Titan, a bitcoin mining firm has revealed a new decentralized hashpower routing protocol called Lumerin. The open-source project will essentially be aiming to make bitcoin’s hashpower a tradable commodity through smart contracts. Mining Arm of Bloq Inc.,Titan Announces the Lumerin Protocol Titan, the mining arm of Bloq Inc. firm, has announced ‘Lumerin’, its decentralized hashpower The post Titan Mining Firm Launches Open-source Project Lumerin, Set to Commodify Bitcoin’s Hashpower appeared first on Coingape.
2021-10-23 22:10:09
XRP Price Looks Solid, Will There be a Significant Upward Surge?
The post XRP Price Looks Solid, Will There be a Significant Upward Surge? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideBTC and ETH both reversed direction as they looked for fundamental support, implying that bears are trying to catch over-leveraged bulls. Despite Ripple’s legal battle with US securities regulators, XRP is looking solid. XRP is likely to convert a historic level of resistance into support, paving the stage for a significant surge. XRP Price Action …
2021-10-23 22:10:00
Macro Guru Raoul Pal Says There’s a 70% Chance Bitcoin and Ethereum Hit This ‘Shoo-In’ Price
Real Vision CEO and macro investor Raoul Pal is predicting that Bitcoin could more than triple in value from the current price, while Ethereum could nearly quadruple. Pal tells his 695,100 Twitters followers that there’s more than a 70% probability of Bitcoin hitting $200,000 and Ethereum reaching $20,000. “This is not a certainty. It is […]The post Macro Guru Raoul Pal Says There’s a 70% Chance Bitcoin and Ethereum Hit This ‘Shoo-In’ Price appeared first on The Daily Hodl.
2021-10-23 22:10:38
The NFT Magazine Project Plans to Drop a Periodical in the Form of an NFT on Ethereum
On November 2, a non-fungible token (NFT) magazine is coming to the Ethereum blockchain called “The NFT Magazine” — a periodical publication containing articles and illustrations in the form of an NFT. The project, promoted by Advtech IT Solutions, has partnered with members of the Zilliqa, Algorand, and Bitcoin Cash blockchain communities, alongside Art Rights, […]
2021-10-23 21:10:23
Ethereum can aim for $6,500 over the next few months BUT…
With Bitcoin snapping a fresh ATH above $67,000, market observers now awaited the world’s largest altcoin- Ethereum, to enforce a similar outcome. Currently challenging the upper trendline of its horizontal channel, Ethereum awaited a 60% run up from the breakout point, bringing its price close to $7K. However, a failed breakout attempt could transpire into […]
2021-10-23 21:10:22
How Bitcoin Fits Ivan Illich's Vision For The Future
Bitcoin is in direct opposition to the monopolies Illich envisioned as ensnaring the world economy through the financial access it provides.
2021-10-23 21:10:00
Is Hyperinflation Inevitable? Jack Dorsey Says It’ll “Change Everything”
When Square’s boss Jack Dorsey talks about hyperinflation, the world listens. And Twitter reacts. Since so-called developed economies are now feeling the pain that inflation brings, the concept is in everyone’s mind. Every human has a front-row seat to witness the consequences of the United State’s relentless money printing. And, since the Dollar is still the reserve currency of the world, they’re all feeling it too. Related Reading | Bullish For Bitcoin: US Inflation Expectation Breaks Out From Decade Long Downtrend This is Jack Dorsey’s tweet: Hyperinflation is going to change everything. It’s happening. — jack⚡️ (@jack) October 23, 2021 As you can see, he doesn’t merely talk about inflation. He goes for “hyperinflation,” which caused adverse reactions in the replies and the quoted tweets. They accused him of fear-mongering and quoted official numbers at him. And the nay-sayers probably have a point here, because the US is far removed from the reality that word implies. However, one thing’s for sure: money printer goes brrrrrrrr… and it hasn’t stopped working since Covid hit. Negative And Moderate Reactions To Jack Dorsey‘s Tweet This is an example of an unnecessarily insulting response from a traditional finance person. 2/ step back and it’s disturbing that a lot of most powerful financial figures/oligarchs are invested, literally and figuratively, in various huckster schemes and libertarianish fantasies of state...
2021-10-23 21:10:03
Bitcoin Hits $66,000 – The Highest It’s Ever Been!
The price of bitcoin has skyrocketed in recent days, and the world’s number one digital currency by market cap has reached a new all-time high. At the time of writing, bitcoin is trading for roughly $66,000 per unit. Bitcoin Is Bigger and Better Than Ever The journey of bitcoin has been a long and arduous...The post Bitcoin Hits $66,000 – The Highest It’s Ever Been! appeared first on Live Bitcoin News.
2021-10-23 21:10:17
Post-Bitcoin’s Mild Drop, El Salvador’s Bukele Reveals Excitement For A Larger Bitcoin Dip
Key Takeaways  President Nayib Bukele is unfazed by Bitcoin’s price dip to $60k. Bukele teases need for lower lows in a bid to tap into perfect entry point. El Salvador shows no sign of disposing its Bitcoin holdings in the long term. The president of El Salvador is showing himself to be unshaken by Bitcoin’s […]
2021-10-23 20:10:30
Proshares’ Bitcoin ETF sees $1B in first day volume, BTC price hits new high, and Coinbase partners with NBA and WNBA: Hodler’s Digest, Oct. 17-23
2021-10-23 20:10:42
Fear of the unknown: A tale of the SEC’s crusade against synthetics
DeFi built on blockchain and legacy financial systems is on the verge of clashing in one of the most tumultuous battles in economic history.
2021-10-23 20:10:00
Bitcoin Bull ARK Invest Yet To Buy the Top Crypto Asset’s ETF – Here’s Why
The founder of ARK Invest is unveiling that the investment firm did not buy the ProShares Bitcoin (BTC) exchange-traded fund (ETF) that was launched earlier this week. In a Bloomberg interview, Cathie Wood says ARK Invest wants to understand the tax implications of the Bitcoin futures ETF first. “No, we did not [buy the ProShares […]The post Bitcoin Bull ARK Invest Yet To Buy the Top Crypto Asset’s ETF – Here’s Why appeared first on The Daily Hodl.
2021-10-23 20:10:34
40% of The Young Americans Feel Confident Investing in Cryptocurrencies: Bakkt Survey
According to the research, younger Americans know and invest significantly more in the digital asset market than the older age groups.
2021-10-23 19:10:44
Shiba Inu Price Analysis: SHIB Skyrockets 20%, Is New All-time High Incoming?
Shiba Inu (SHIB) surged more than 20% in less than four hours today and is close (11%) to reaching its all-time high set on May 10, 2021.
2021-10-23 19:10:22
No Shiba Inu For Robinhood, CEO Discloses, As Over 1,000,000 People Sign Up For Crypto Wallet
The CEO of one of the US biggest exchange and trading platforms, Robinhood, has disclosed that the company now has over 1 million people waiting on the release of its native digital wallet. Vlad Tenev made this disclosure on Thursday to CNBC at its Disruptor 50 summit, where he equally stated that the platform will […]
2021-10-23 19:10:17
Ethereum: over 600,000 ETH burned on the ride to the Merge
It’s all hands on deck for Ethereum as the second biggest blockchain by market cap prepares for the Altair Upgrade on 27 October. Following this, Ethereum users and developers will be gearing up for the long-awaited “Merge” in late 2021 or early 2022. However, Ethereum has also marked another intriguing milestone. Burning money Crypto influencer Lark […]
2021-10-23 19:10:20
Reddit Wants To Build NFT Platform, A Job Posting Shows Why
Reddit seems to be working on building an NFT marketplace platform. A job posting made to look for new team members shows they envision and focus on creating “the largest creator economy on the internet”. Reddit made a job posting for a Senior Backend Engineer to build an NFT platform of their own. They are […]
2021-10-22 23:10:55
Israel on Its Way to Design Digital Shekel Based on Ethereum (Report)
The central bank of Israel chose Ethereum's network to launch the stages of its CBDC trial program.
2021-10-22 23:10:15
Baseball Legend Willie Mays Launches NFT Collection on Nifty Gateway
The baseball icon collaborated with the Costacos Collection on the line celebrating his life, career, and roots.
2021-10-22 23:10:03
Analyst Puts Bitcoin Bottom At $50,000, Here’s Why
With bitcoin rallying, all the focus has been on predicting where the price of the asset will be by the end of the year. The digital asset is undoubtedly going to enter a period where various crashes will send the price down, popularly known as a bear market. Not a lot of attention has been paid to where the price of the asset might bottom out when the market inevitably goes into another bear market. This usually long stretch of low momentum has seen bitcoin lose 94%, 87%, and 84% of its peak value respectively in the last three bear markets. One recurring theme of the bear markets has been the diminishing percentages of total value lost. At this rate, it is expected that BTC will see between 75% and 80% loss from its peak this cycle. Market analyst Justin Bennett uses this to predict where BTC will bottom out next. The Next Bitcoin Bottom Bennett put the next bitcoin bottom at $50,000 after analyzing the possible price movements of the digital asset. With the current cycle, the analyst sees the price of bitcoin hitting $200,000 before the bull run is over, hence a 75% to 80% pullback in a bear market will see the bottom of the asset land around the $50,000 range. Related Reading | Bitcoin Leads Charge Of Large Cap Altcoin Dominance In October This bottom is solely based on the cryptocurrency hitting the price range that Bennett expects the asset to peak at by the end of the rally. If BTC does not hit this price point bef...
2021-10-22 23:10:54
Why Ethereum Could Hit The $12,000 Mark Before The End Of This Cycle
Price prediction for assets like Ethereum is a tricky one. This is because there is no sure way of telling where the market might turn after a massive rally. Analysts have now turned to the charts to try to use technical analysis to tease out where they think the price of the asset could be […]
2021-10-22 23:10:45
Is Rising Bitcoin Futures Open Interest Cause For Concern?
The aggregate bitcoin futures open interest rise is slightly below all-time levels.
2021-10-22 23:10:00
$5.5 Billion Houston Pension Fund Starts Investing in Bitcoin ($BTC) and Ether ($ETH)
The Houston Firefighters’ Relief and Retirement Fund, which has around $5.5 billion of assets under management, has invested $25 million into both bitcoin (BTC) and Ethereum’s ether (ETH). The investment was made through NYDIG, a cryptocurrency-focused subsidiary of asset manager Stone Ridge. According to Bloomberg Ajit Singh, chief investment officer for the fund sees the […]
2021-10-22 22:10:00
3 Million CoinMarketCap Email Addresses Have Leaked
2021-10-22 22:10:24
Thanks to ProShares Bitcoin ETF’s success, FTX CEO won’t be surprised to see…
The very first American Bitcoin ETF, $BITO, started trading on the New York Stock Exchange earlier this week to much support and record-breaking volumes. It rallied by more than 4% on its debut. Now, according to the CEO of FTX, this is a “huge step forward” for the industry as a whole. During a recent […]
2021-10-22 22:10:04
Valkyrie’s Bitcoin Strategy ETF Debut Listing Drops Over 4% — Proshares ETF Slides 3.5%
On Friday, the Valkyrie Bitcoin Strategy Exchange-Traded Fund (ETF) launched on Nasdaq under the ticker BTF and dropped in value not too long after the ETF first came out of the gate. The second bitcoin ETF to launch in the United States followed bitcoin’s spot price movements on Friday, as BTF started the day above […]
2021-10-22 22:10:01
Elon Musk Is On Course To Become The World’s First “Dogecoin Trillionaire”
Eccentric CEO Elon Musk has already become the world’s richest person thanks to the ascendancy of his electric car maker Tesla. But observers believe it will be his fledgling space-exploration company SpaceX that pushes him to the mythical trillionaire status. In particular, a Twitter account by the name UberFacts tweeted: “Elon Musk is predicted to […]
2021-10-22 22:10:41