BItcoin (BTC) is on track to see its worst August performance since the 2015 bear market — and next month may be even worse. Data from on-chain analytics resource Coinglass shows that BTC/USD has not had an August this bad for seven years. September means average 5.9% BTC price losses After two major BTC price comedowns in recent weeks, Bitcoin…
Month: August 2022
GameFi investors are now prioritizing fun factor over money: Survey
GameFi, the fusion of gaming and decentralized finance (DeFi), attracts a set of investors that tend to choose projects based on their use case rather than money-generating potential. The GameFi ecosystem attracts GenZ investors and gaming enthusiasts. As a result, it stands as an entry point for numerous first-time investors. A ChainPlay survey participated by 2428 GameFi investors revealed that…
Bitcoin Freedom From The Fiat Walled Garden – Bitcoin Magazine
This is an opinion editorial by Andrew Keir, an author of a daily newsletter, where he dives deeply into the transformational nature of Bitcoin. The concept of a walled garden is not a new one; they have been around for hundreds, if not thousands of years. A precious garden enclosed by high walls serves many purposes, including providing protection from…
Bitcoin mining difficulty set for 8-month record gains despite BTC price dip
Bitcoin (BTC) may have hit six-week lows of under $20,000 but its network fundamentals are anything but bearish. The latest on-chain data shows that, far from capitulating, hash rate and difficulty are making snap gains. Data supports “doozy” difficulty jump Despite being down around 7% in a week, BTC/USD is not putting off miners, who have recently exited their own…
Antpool Reveals Plans to Drop Ethereum Ethash Support, Plans to Keep Mining ETC – Mining Bitcoin News
Antpool, the bitcoin mining pool affiliated with Bitmain, has announced the crypto mining operation will not manage ethereum accounts after The Merge is implemented. The mining pool is asking participating Antpool miners to add their ethereum withdrawal addresses by September 3, in order to receive the accumulated ether collected by Antpool. Antpool to Stop Supporting Ethereum Following The Merge On…
Bank of Russia Eases Restrictions on Purchases of Dollar and Euro Cash – Finance Bitcoin News
The Central Bank of Russia has relaxed some limitations for Russian banks selling U.S. dollars and euros to the public. The increased supply of foreign cash may affect the crypto market in the country as currency restrictions have been a driver of increased demand for digital coins. Monetary Authority of Russia Expands Citizens’ Access to Foreign Cash The Central Bank…
Coinbase says it will 'evaluate any potential forks' following the Merge
“Should an ETH PoW fork arise following The Merge, this asset will be reviewed with the same rigor as any other asset that is listed on our exchange,” said Coinbase. Source: https://cointelegraph.com/quiz/coinbase-says-it-will-evaluate-any-potential-forks-following-the-merge
Top 10 most Googled questions about cryptocurrency and its implication
What people end up searching on Google provides raw insights into the real mindset, often revealing their interest, fear, and range of other emotions about a particular topic. To identify investor sentiment amid a bear market that is yet to find its bottom, Cointelegraph dug deep into the web to find out the most Googled questions about cryptocurrencies. The top…
Latvian Extradited to US for Wire Fraud Involving Crypto Investments – Bitcoin News
A Latvian national has been handed over to the United States where he is accused of fraud through several companies offering false crypto investment opportunities. Ivars Auzins will appear in a federal court in Brooklyn to face multiple charges of wire and securities fraud. Latvian Authorities Transfer Alleged Crypto Fraudster to US Custody Ivars Auzins, a citizen of the small…
Bitcoin Journey Is Full Of Helping Hands – Bitcoin Magazine
This is an opinion editorial by Justin Ragland, co-organizer of Rocket City Bitcoin. It all started with the bitcoin crash of 2017. My initial thought was, “What the hell did I get myself into?” All the money I put into bitcoin the previous year had dropped by 80%. I was slowly watching my exit strategy and newfound wealth dwindle before…