Thursday, December 1, 2022
In Brief Bloomber senior commodity strategist Mike McGlone weighs in on crypto's future. He believes that bitcoin will trade like a long-term government bond to reach $100K by 2025. McGlone agrees with sentiments that the Fed will not push up its interest rate hike beyond 75 basis points. PROMO Developing the Next-generation DAO Operating System Read [...]
In Brief Veteran miner Chandler Guo says only those ETHW miners with cheap electricity will survive. Miners face revenue pressure as ETHPoW token struggles to stay afloat. Many miners have also put pressure on ETC rewards, the original unaltered blockchain from which Ethereum was forked. PROMO Developing the Next-generation DAO Operating System Read Now Chandler Guo, [...]
In Brief El Salvador is 57% down on its bitcoin bet. Fitch Ratings downgraded the country's external debt to CC from CCC, blamed bitcoin for risk of default. Nayib Bukele remains a popular figure in El Salvador, seeks reelection. PROMO Developing the Next-generation DAO Operating System Read Now Hero at home, villain abroad. El Salvador`s bitcoin [...]
In Brief Scam sites netted for phishing during the Ethereum merge Twitter verified accounts impersonating others took lead Investors slam Twitter for being used to steal crypto currency PROMO Developing the Next-generation DAO Operating System Read Now The publicity around the Ethereum Merge has fascinated a throng of phishers who are using verified Twitter accounts and sites to [...]
In Brief BTC is trading inside a short-term descending wedge. The short-term RSI is bullish. BTC is in the C wave of an A-B-C corrective structure. PROMO Developing the Next-generation DAO Operating System Read Now Bitcoin (BTC) is showing bullish signs in the short-term which could lead to a breakout from the current descending wedge pattern. BTC [...]
In Brief SEC Chair Gary Gensler sparks debate, calling post-Merge Ethereum a security. Gensler believes staking "looks very similar – with some changes of labeling – to lending." Meanwhile, the Merge has forced miners to other options like Ravencoin and Ethereum Classic. PROMO Developing the Next-generation DAO Operating System Read Now As Ethereum struggles to surpass crucial price [...]
CME chief calls it a “well-timed” move allowing institutional players to gain access to ETH ahead of the Merge upgrade. As per the Ethereum Merge countdown data, the Merge progress is already 99.74 percent complete. The Ethereum blockchain network is all set for the much-awaited Merge event expected in about 48 hours. On Monday, September [...]
The Norges Bank has released an open source code on GitHub allowing developers to interact with the CBDC test network. The Sandbox developments will include some complex and interesting use cases such as batch payments, bridges, and security tokens. Norway’s central bank – Norges Bank – is now spearheading efforts to build the country’s own [...]
As human beings, we are naturally resistant to change given the uncertainty in altering one’s norms. However, there comes a time when there is no option but to ride along, like in the case of technological advancements. Back in the 90s, most people did not believe in the potential of the internet, let alone the [...]
CME chief calls it a “well-timed” move allowing institutional players to gain access to ETH ahead of the Merge upgrade. As per the Ethereum Merge countdown data, the Merge progress is already 99.74 percent complete. The Ethereum blockchain network is all set for the much-awaited Merge event expected in about 48 hours. On Monday, September [...]
The request quotes Fowler’s lawyer’s personal health issues and the necessity to obtain more material from Europe. 752Total views 16Total shares Listen to article 1:58 Reggie Fowler, a former NFL team owner and alleged "shadow banker" who might face up to 30 years of imprisonment, asked the court of the Southern District of New York [...]
Bitcoin price could resume its downtrend if the Fed keeps on hiking rates against the prospects of a rising unemployment rate. 1778Total views 18Total shares Listen to article 5:23 MARKET ANALYSIS Bitcoin (BTC) has rebounded by 20% to almost $22,500 since Sept. 7. But bull trap risks abound in the long run as Elon Musk and Cathie Wood sound [...]
IN BRIEF Singapore's largest bank has purchased LAND in the Sandbox Metaverse to promote sustainable living. The bank's own technologists will develop immersive experiences to help the bank engage with clients in the metaverse. Singapore's new crypto advertising laws will be vividly demonstrated at the Singapore Formula One race, where crypto ads are not allowed [...]
IN BRIEF The US SEC would create a dedicated unit focused on crypto issuers filing. The regulator cited the growth in the industry as why the decision was necessary. SEC Chair he reiterated his commitment towards the regulation of the crypto space. PromoTop Crypto Exchanges Without KYCRead Now The Trust Project is an international consortium of [...]
Is the BTC bottom finally in? Data suggests that bears might be losing their tight grip on the market. 10983Total views 48Total shares Listen to article 4:58 MARKET ANALYSIS The correlation between Bitcoin (BTC) and stock markets has been unusually high since mid-March, meaning the two asset classes have presented near-identical directional movement. This data [...]
Timing the market bottom is impossible, but several technical and on-chain indicators suggest that it’s time to start accumulating Bitcoin. 5838Total views 28Total shares Listen to article 6:45 NEWSLETTER Bitcoin (BTC) has been in a rut, and BTC’s price is likely to stay in its current downtrend. But like I mentioned last week, when nobody is [...]
A partnership between the two cities' blockchain associations will aim to connect businesses and foster growth in the sector. 118Total views 1Total shares Listen to article 2:21 NEWS Switzerland-based Crypto Valley Association will partner with Dubai’s Crypto Oasis to collaborate in the ongoing development of the blockchain industry in both countries. The Crypto Valley Association (CVA), based [...]
Quantum computing still has a long way to go before posing a threat to blockchain technology. 11Total views Listen to article 7:39 ANALYSIS Quantum computing has raised concerns about the future of cryptocurrency and blockchain technology in recent years. For example, it is commonly assumed that very sophisticated quantum computers will one day be able [...]
Bitcoin and Ethereum Defy Gravity, LUNC and USTC Rally Bitcoin price is consolidating above the USD 19,000 pivot level. Ethereum is eyeing more gains above USD 1,650, XRP might test the USD 0.35 resistance. ATOM, LUNC, and USTC are gaining bullish momentum. Bitcoin price started a recovery wave above the USD 19,000 resistance level. BTC [...]