Five days ago, the influential Chinese crypto miner, Chandler Guo, explained that a proof-of-work (PoW) version of Ethereum is “coming soon” as the community prepares for the network’s transition to proof-of-stake (PoS) next month. As usual, the idea of a forked token gets people excited and some individuals get upset, and even though the token …
Monthly archives: August 2022
Biggest Movers: AVAX Nears 2-Month High, FIL up 15% Despite Weekend Volatility
Avalanche was trading close to a two-month high on Saturday, despite markets mostly consolidating. Another exception was filecoin, which surged to start the weekend, climbing by over 10% in today’s session. As of writing, crypto markets are trading 1.03% higher. Avalanche (AVAX) Avalanche (AVAX) was one of Saturday’s notable gainers, as prices moved close to …
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Filecoin Price Prediction: FIL Is Garnering Energy
Filecoin (FIL) Price Prediction – August 6The current trading situation of Filecoin shows the crypto economy is garnering energy to surge higher in the subsequent sessions against the purchasing worth of the US fiat coin. The market’s all-time low point is $1.83 for about three years. And its all-time high value witnessed a $237.24 a …
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Binance CEO Revamps Its $7,500,000,000 VC Arm, Says Now Is the Best Time To Invest in Crypto
The world’s largest cryptocurrency exchange by trading volume is making strategic moves to bolster the venture capital side of its business. In a new announcement, Binance says that chief marketing officer Yi He will take over as the new head of Binance Labs to put an emphasis on fostering innovative growth for blockchain technology. Yi, …
FTX CEO Sam Bankman-Fried Says One Leading Ethereum Rival Is the Most Underrated Crypto Asset
The chief executive of crypto exchange platform FTX says that he’s identified the most underrated crypto asset. In a new interview with Fortune, crypto billionaire Sam Bankman-Fried says that Ethereum (ETH) challenger Solana (SOL) is the most overlooked digital asset despite its recent struggles. “Most underrated token right now… I think the answer in some …
Bitcoin price: weekend volatility ‘expected’ with $22K level to hold
Bitcoin (BTC) rose above $23,000 again into Aug. 6 as new analysis predicted a potential surge of 20% or more. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Daily chart gives trader $30,000 target Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing overnight to once again sit near the top of its established trading …
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Proof-of-work: The Bitcoin artists on minting NFTs and OpenSea
“Art is not a thing, it is a way,” said American writer Elbert Hubbard. For Bitcoin (BTC) artists, the way is inspired by Bitcoin, its code, its philosophy and its imagery. In some cases, it’s even inspired by memes. Bitcoin has become a “lifestyle,” for some Bitcoin artists, that inspires their way of doing business, …
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What is a decentralized money market and how does it work?
The seamless flow of capital between borrowers and lenders is a key aspect of a vibrant economy. Anyone with an extra asset can lend it to put their idle capital to work, while people needing it to grow business or meet operational costs can easily access it. Money markets are the platforms where borrowers and …
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Ethereum price rises by 50% against Bitcoin in one month — but there’s a catch
Ether (ETH), Ethereum’s native toke, has been continuing its uptrend against Bitcoin (BTC) as euphoria around its upcoming network upgrade, “the Merge,” grows. ETH at multi-month highs against BTC On the daily chart, ETH/BTC surged to an intraday high of 0.075 on Aug. 6, following a 1.5% upside move. Meanwhile, the pair’s gains came as …
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Bitcoin Price Prediction for Today, August 6: BTC Falls Below $23,357; Is that all for Bulls?
The Bitcoin price prediction reveals that BTC continues to head to the downside as its price moves below $23,300 to touch the low of $23,104. Bitcoin Prediction Statistics Data: Bitcoin price now – $23,176 Bitcoin market cap – $443.8 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking …
Bank of Thailand to pilot retail CBDC by the end of 2022
The Bank of Thailand has announced it will be extending the scope for developing its central bank digital currency (CBDC). This process will be followed by launching the country’s wholesale CBDC projects and proof-of-concept retail CBDC testing with corporates. Bank of Thailand to pilot a retail CBDC by year end The possible real-life application of …
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Argo Blockchain continues selling Bitcoin to pay off Galaxy Digital debt
Argo Blockchain, a cryptocurrency mining company, has continued to sell its Bitcoin holdings to repay the debt owed to Galaxy Digital, a cryptocurrency investment company owned by Michael Novogratz. Argo Blockchain sells Bitcoin Argo Blockchain has announced a sale of another 887 Bitcoin. The company announced that the sale made in July would reduce the …
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Core Scientific reports increased bitcoin production in July despite disruptions
Core Scientific, a cryptocurrency mining firm, has reported that its mining operations generated 1221 bitcoin in July. The BTC produced during the month was higher than the previous months despite the power cuts on the Texas power grid during the month. Core Scientific increased Bitcoin production by 10% in July Core Scientific announced that the …
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Authorities freeze $8.1M of WazirX funds as it investigates AML compliance
The Directorate of Enforcement in India has announced it froze around $8.1 million worth of funds belonging to the WazirX cryptocurrency exchange. The ED added that they had also conducted a search linked to WazirX as it investigated the instant personal loan fraud. Authorities freeze $8.1M of WazirX funds The Directorate of Enforcement released an …
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Bitcoin and Ethereum”Incredibly Oversold” States Bloomberg Analyst: Forbes
TLDR: Bloomberg Intelligence senior commodity strategist Mike McGlone stated that Bitcoin trades at a substantial discount. McGlone highlights several observations when making his case, such as technical analysis focusing on key indicators such as the 100-week moving average. McGlone stressed the Federal Reserve’s critical role in the price of equities and cryptocurrencies. Bitcoin is currently …
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