U.S. president Joe Biden revealed his intent on Monday to re-nominate Jerome Powell as the Federal Reserve chairperson. Major indices and stocks gained on the news that Powell will get a second term as the head of the central bank. Biden Chooses to Renominate Fed Chair Jerome Powell On Monday, president Joe Biden revealed that …
Monthly archives: November 2021
Texan Bitcoin mining power demands could jump 5 times by 2023
As the state of Texas faces a rapid influx of Bitcoin mining operations, its electrical infrastructure will have to support the industry’s expected 5,000 megawatts (MW) of additional power demands by 2023. The Bitcoin mining industry in Texas currently consumes around 500 to 1,000 MW of power. The Electric Reliability Council of Texas (ERCOT) anticipates …
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Bitcoin Price Prediction: BTC/USD Continues To Slide Below $60,000
Bitcoin Price Prediction – November 21 The Bitcoin price is likely to see additional sharp drops as the seller hits most of the other cryptocurrencies in the market. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $63,000, $65,000, $67,000 Support Levels: $50,000, $48,000, $46,000 BTCUSD – Daily Chart Buy Bitcoin Now Looking at …
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Texan Bitcoin mining power demands could jump 5 times by 2023
As the state of Texas faces a rapid influx of Bitcoin mining operations, its electrical infrastructure will have to support the industry’s expected 5,000 megawatts (MW) of additional power demands by 2023. The Bitcoin mining industry in Texas currently consumes around 500 to 1,000 MW of power. The Electric Reliability Council of Texas (ERCOT) anticipates …
Continue reading “Texan Bitcoin mining power demands could jump 5 times by 2023”
Long-term Bitcoin holders at multi-year high: Glassnode
Glassnode’s latest weekly on-chain report indicated that long-term holders of Bitcoin (BTC) are at a multi-year high and markets are not yet saturated with profit-taking. These long-term holders (LTH) appear to be reducing their spending while continuing to add to their positions, according to the Nov. 22 report by analytics provider Glassnode. The analysis delved …
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Unfazed by Correction, Institutional Investors Pour Money Into Bitcoin, Ethereum and Solana: CoinShares
Leading digital asset manager CoinShares says institutional investors are taking the opportunity to buy the dip on Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). According to the firm, Bitcoin’s 12% dip amid the overall crypto market correction has not dampened investor sentiment. “Digital asset investment products saw inflows totaling US$154m last week, with the most …
Crypto Economy Hovers Below $3T: Analyst Says First Bear Marker ‘Would Be a Capitalization Drop Under $2.38T’
The crypto asset economy has been down in value over the last week as a great number of digital currencies shed significant amounts. The entire crypto-economy is down under the $3 trillion mark, hovering around $2.7 trillion across 10,970 cryptocurrencies. Bitcoin dominance is just above the 40% region while ethereum’s market commands 18.4% of the …
ANOMUS Private Round Closes with Uber-Subscribed Sales
IDO Will Follow on November 26th Anomus has been a well-anticipated project that has gained much attention over the last few months. Today Anomus is announcing the closure of its private sale round with a very successful and promising oversubscription. The oversubscription was well anticipated by the team; which is due to the project’s hype …
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EuroSwap EDEX: An ideal example of the development of a global crypto project in 2021
Over the weekend, the European Crypto EuroSwap EDEX project successfully closed the first phase of Priority Session and moved onto the second. At the start of development, the project attracted great attention to their prospective ideas and practical technology. Now developers are ready to submit to the team and announce the following major steps. And …
Total crypto market cap drops by 6.7%, but futures data finds a silver lining
Looking at the past 7-days of winners and losers might give one the impression that cryptocurrency markets are net positive. Still, total market capitalization actually fell by 6.7% to $2.72 trillion as Bitcoin’s (BTC) price retraced 8.3% to $58,425. Top winners and losers from the sector’s top 80 coins. Source: Nomics The only connection between …
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WEF releases resource suite for CBDCs and stablecoins aimed at regulators and businesses leaders
The World Economic Forum, or WEF, has published a resource suite aimed at informing lawmakers and individuals in the private sector about digital assets including central bank digital currencies and stablecoins. On Friday, the WEF announced its Digital Currency Governance Consortium White Paper Series, a resource suite created by 85 organizations from 40 countries around …
Kenya Central Bank Governor on CBDC: It’s About Getting It Right Rather Than Being First
The Central Bank of Kenya (CBK) governor, Patrick Njoroge, has said his institution is currently exploring the use of central bank digital currencies (CBDC) to settle cross-border payments. Njoroge however insists the bank’s priority is getting it right rather than being the first. CBK’s Approach According to a report by the Kenyan Wallstreet, Njoroge — …
$WAGMI Is Here To Shake Up The Memecoin Space
For those of you unfamiliar with the acronym, WAGMI stands for, “We’re all gonna make it,” and embodies the starry-eyed conviction of crypto enthusiasts. It is a phrase that conjures images of affluence; mansions, yachts, parties, mountains of cash. But most importantly, it embodies the main goal; financial freedom. The freedom to do what we …
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Australian regulator says crypto assets are unregulated, and investors were “on their own”
The Australian financial market watchdog has announced that it was working with legislatures to create a crypto regulatory framework. However, the regulators stated that at the moment, cryptocurrencies were highly unregulated, and investors who interacted with these assets were “on their own.” The revelation comes as the market records major gains, and Australia takes a …
Anomus Private Round Closes With Uber-Subscribed Sales
sponsored IDO Will Follow On November 26th Anomus has been a well-anticipated project that has gained much attention over the last few months. Today Anomus is announcing the closure of its private sale round with a very successful and promising oversubscription. The oversubscription was well anticipated by the team; which is due to the project’s …
Continue reading “Anomus Private Round Closes With Uber-Subscribed Sales”