These Six Charts Show How Bitcoin Mining Is Enduring The Bear Market
Bear market history never repeats, but it often rhymes and these six datasets show how the bitcoin mining industry is faring today.Bitcoin mining companies continue struggling to survive the ongoing bear market. Dreams of outperforming bitcoin as a…
Data From October Shows Gold Reserves Held by Central Banks Tapped the Highest Level in 47 Years
Following the World Gold Council’s (WGC) third-quarter report that shows central banks purchased a record amount of gold, data released by the WGC shows that central banks are buying more gold during 2022’s fourth quarter. Statistics show that the…
Biggest Movers: DOGE, LINK Fall to 10-Day Lows on Wednesday
Dogecoin fell to a ten-day low on Dec. 7, as the meme coin extended a recent decline, falling for a third consecutive session. Overall, cryptocurrency markets have been mostly bearish in today’s session, and are down 1.07% as of writing. Chainlink…
Bitcoin Miners Feel The Heat, More Selling Pressure Might Be Imminent
Bitcoin is still stuck in a tight range as market sentiment declines from optimistic to bearish and market participants brace for a possible impact. The cryptocurrency was thriving on the possibility of a positive change in the macroeconomic…
How does one cut through the noise and confusion to find the optimal way to utilize CoinJoins and obscure their bitcoin transactions?This is an opinion editorial by Thibaud Maréchal, a contributor to privacy-focused Bitcoin wallet project…
Bitcoin Dominance Has Remained Under 40% for More Than 3 Consecutive Months
Over the last 100 days or roughly three months, bitcoin’s market dominance among 21,958 different crypto assets worth roughly $850 billion has been under 40%. Bitcoin dominance has been under 40% since Aug. 27, 2022, with a brief instance of…
Nigeria Pushes CBDC Usage With New ATM Cash Withdrawal Limits
The Nigerian government has imposed new restrictions on ATM withdrawals in an effort to increase usage of the eNaira.The Nigerian government has placed new restrictions and limits on the amount of cash citizens are able to withdraw from ATMs. The…
Bitcoin, Ethereum Technical Analysis: BTC, ETH Continue to Consolidate as USD Strengthens
Bitcoin was consolidating on Wednesday, as the U.S. dollar continued to strengthen versus several G7 currencies. A strong dollar means demand for cryptocurrencies typically plummets, with the global market cap trading in the red as of writing…
Bullish News For Polygon! zkEVM Mainnet Is Coming Soon, Says Co-Founder
Polygon, an Ethereum layer-2 solution, has recently seen massive hype due to notable partnerships with major brands such as Starbucks, Mercedes, Meta, Reddit, eBay, Disney, and Adobe, among others. And the team led by Sandeep Nailwal, co-founder of…
Remittances to Low and Middle Income Countries in 2022 Up by 5% to $626 Billion — Latest World Bank Report
Despite the headwinds that have dominated the year, remittances to low and middle-income countries in 2022 still grew by 5% to $626 billion, the World Bank Migration and Development Brief has said. Africa, where the cost of sending $200 averaged…
Continued Upswing Of VIX Signals Doom For Bitcoin; But Friday Will Be Crucial
As NewsBTC reported, the VIX experienced a trend reversal last Friday which could be significant for Bitcoin as well. The VIX volatility index shows traders the expected range of fluctuation of the S&P 500. Remarkably, there is an inverse…
Japan recommends against algorithmic backing in stablecoins
The potential legal status of the Japanese Financial Service Agency’s recommendation is not clear as the current legislation is silent on algorithmic stablecoins.
Decentraland launches virtual property renting for LAND owners
The metaverse platform announced that users who own LAND within Decentraland can officially rent out the rights to the space through the digital marketplace.
Ledger Reveals New Crypto Hardware Wallet Designed by iPod Creator Tony Fadell
On Tuesday, the hardware wallet manufacturer Ledger announced the launch of a new device called Ledger Stax. The machine was designed by iPod creator, Tony Fadell, and the France-based firm Ledger says the new device was built with…
US lawmakers want State Department to justify crypto rewards and disclose payouts
The State Department should submit a report on the use of cryptocurrencies as a viable reward payout with evidence that suggests it's more encouraging for whistleblowers.
Up Or Down? What To Expect From Solana (SOL) In The Homestretch Of 2022
Solana is among the hardest hit by the demise of FTX, as the two companies have collaborated to establish Serum, a decentralized derivatives market. This led to Solana being closely associated with the Sam Bankman-Fried crypto exchange, with more…
Gate.io pledges $100M to revive crypto and rebuild investor confidence
With investors moving their funds away from exchanges into self-custody, market liquidity concerns are an immediate threat to struggling crypto businesses.
Hedera (HBAR) Continues To Consolidate Near Its Lowest Level This 2022
Hedera (HBAR), the native and energy-efficient cryptocurrency of an open source public distributed ledger bearing the same name, started the year on a high note, peaking at $0.3282 on January 5. But the crypto asset failed to keep up its momentum…
Binance Counters ‘Wrong Narratives’ About FTX — CZ Calls SBF ‘One of the Greatest Fraudsters in History’
The CEO of crypto exchange Binance, Changpeng Zhao (CZ), has countered several “wrong narratives” about the collapsed crypto exchange FTX and its co-founder Sam Bankman-Fried (SBF). The Binance boss calls SBF “a master…
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