The autonomous Bitcoin network has experienced the largest drop in mining difficulty in its history. The change has reduced the level of computing power necessary to process Bitcoin transactions by 28%, ensuring new blocks are mined at the target rate of one block every 10 minutes. ADVERTISEMENT The “difficulty adjustment” is a stabilization feature …
Category archives: Trending Crypto news
These Four Crypto Assets Are Primed To Erupt in July, According to Trader Aaron Arnold
Closely-followed crypto analyst Aaron Arnold is naming four digital assets that he says are more ready than any to catch fire this month. In a new video, the host of Altcoin Daily starts off his list with Cardano (ADA), which according to the analyst, currently has undeniable growth potential. ADVERTISEMENT Arnold takes note of …
The digital euro: Something Europe can’t afford to get wrong
Europe knows it will have to embrace a digital euro soon. To become a global digital leader and avoid dependence on American and Asian technological infrastructures, European policymakers and regulators have to make progressive decisions. A critical stumbling block for Europe’s digital economic thinking is so-called stablecoins. Stablecoins can be privately issued and have the …
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Here’s the Worst Case Scenario for Bitcoin This Month, According to Crypto Analyst PlanB
Popular crypto analyst and BTC bull PlanB is outlining Bitcoin’s worst-case scenario for the month of July. The widely followed analyst, who has gained a massive following for being the first to apply the stock-to-flow model (S2F) to Bitcoin, says the S2F is in a “make or break” phase, where it will either be further …
Bitcoin fractal setup from 2019 hints BTC price can rebound back to $50K
Bitcoin (BTC) faces the prospects of reaching $47,500-$50,000 based on its current trend’s eerie similarity with the one in June through December 2019. 2019 Bitcoin fractal In detail, Bitcoin topped out around $14,000 on June 26, 2019, before turning lower for the remainder of the year on profit-taking sentiment, and as well as FUD sparked …
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Are cryptocurrency ransom payments tax deductible?
About 2,000 years ago during its Han dynasty, China made peace with some of the nomadic people of Central Asia who continuously ransacked Silk Road traders for an easy payday. It did so in order to fully establish the Silk Road trade route, which stretched from China to Europe, and to secure a great source …
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Wealthy and Highly Educated Investors Are Buying Two Altcoins Over Bitcoin, According to Bank for International Settlements
The Bank for International Settlements (BIS) says rich and educated investors prefer buying two large-cap altcoins over Bitcoin (BTC). In a new report, the global financial entity owned by central banks looks at investor activity in the crypto space, broken down by education and income level. ADVERTISEMENT “Among the various cryptocurrencies, owners of XRP …
Enterprise Adoption Will Trigger Billion-Dollar Surge in Two Altcoins, Predicts Crypto Trader Tyler Swope
Crypto trader Tyler Swope predicts a billion-dollar deluge of capital will flow into two digital assets, allowing them lead the way in the next altcoin boom. The host of Chico Crypto tells his 255,000 YouTube subscribers that Compound Finance (COMP) is likely to move much higher on the list of crypto assets by market cap. …
Crypto Millionaire Says He’s Giving Away 1,000,000 Dogecoin (DOGE) Today – Here’s Why
A crypto entrepreneur says he’s giving away 1 million of his personal Dogecoin (DOGE) holdings today, worth over $240,000. It’s part of a push to promote the beta launch of an augmented reality game called The Million Doge Disco. ADVERTISEMENT Million Doge Disco gives players a chance to obtain a Disco Doge non-fungible token …
On-Chain Analyst Says Current Group of Bitcoin Buyers Can’t Sustain Trillion-Dollar Asset Alone
On-chain analyst Will Clemente says retail traders are buying BTC – but can’t mount a sustainable rally on their own. Clemente is breaking down the notion that retail buyers caused the 50% sell-off in Bitcoin’s price. ADVERTISEMENT According to the analyst, retail holders have actually been adding to their positions aggressively while whales are …
‘Make or break’ for Bitcoin, Binance under pressure, Strike attacks Coinbase: Hodler’s Digest, June 27–July 3
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin mining difficulty just fell by a record 28% — …
Finance Redefined: The $500 million bet on ETH 2.0 making waves! June 24-July 1
Whales can be bashful and clever creatures, but when you manage to catch one in action it’s a sight to behold — consider, for instance, the single entity responsible for depositing 100k ETH into the Eth 2.0 deposit contract from 133 different addresses last week. Deposits into the ETH 2.0 staking contract have been picking …
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Mizuho Securities Analyst Issues ‘Crypto Winter’ Warning, Unveils Outlook on Coinbase Stock
Mizuho stock analyst Dan Dolev says he’s not bullish on Coinbase (COIN) due to concerns about the state of the crypto markets. Speaking on CNBC, Dolev says he foresees a “lingering crypto winter” that will lead to depressed revenues for the top US crypto exchange. ADVERTISEMENT “They [Coinbase] make a lot of money when …
Obscure Altcoin Erupts 127% After Sudden Crypto Shout-Out From Elon Musk
A new Dogecoin spinoff more than doubled in price after Tesla CEO Elon Musk gave the altcoin a shout-out on Twitter. Musk has become a primary influencer of cryptocurrency moves in recent months, as price volatility spikes often follow his tweets about various coins. ADVERTISEMENT On Thursday, Musk once again turned his attention to …
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Cryptocurrency and the rise of the user-generated brand
In the whirl of excitement and debate over where cryptocurrencies are going and whether they are legitimate, sustainable and prudent investments, there is an overshadowed conversation of interest to those in marketing: Are Bitcoin (BTC), Ether (ETH), Cardano’s ADA, Litecoin (LTC), XRP, Dogecoin (DOGE), etc., crypto brands? And, if so, how are those brands created, …
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