Traders shift their focus to XRP, UNI, QNT and EGLD while Bitcoin continues to consolidate around the $20,000 level. Source: https://cointelegraph.com/news/crypto-traders-shift-their-focus-to-altcoins-while-bitcoin-price-consolidates
Month: October 2022
Progress Toward Bitcoin’s Halving Is 60% Complete, Block Times Suggest Reduction Could Happen Next Year – Mining Bitcoin News
According to countdown statistics based on the average block generation time of around ten minutes, progress toward the next Bitcoin block reward halving has surpassed 60%. However, while most halving countdown clocks leverage the ten-minute average, the countdown leveraging the most current block intervals of around 7:65 minutes shows the halving could occur in 2023. Faster Block Intervals Suggest Bitcoin…
30-Day NFT Sales Are 88% Lower Than They Were 8 Months Ago, Google Searches Nosedived – Markets and Prices Bitcoin News
At the end of January 2022, non-fungible token (NFT) sales raked in $4.77 billion and NFT sales have slipped month after month since then. Last month, $549.82 million in NFT sales took place in September which shows monthly NFT sales are more than 88% lower than they were in January. Furthermore, after the search term “NFT” reached the highest score…
Has Proof of Stake Made Ethereum More Centralized?
Has the move to proof of stake made Ethereum more centralized and censorship-prone? With its shift from proof of work to proof of stake last month, Ethereum now relies on validators, not miners, to add new transactions to the network. Those validators get to decide what transactions go into each block and in what order. Although that’s already lowered the…
2008 ‘Lehman Moment About to Hit’ — Major Banks Suffer; How to Access Your ETHW, ‘No Digital Dollar Act,’ Sega Blockchain Game — Bitcoin.com News Week in Review – The Weekly Bitcoin News
In this week’s edition of the Bitcoin.com News Week in Review, two of the world’s largest banks — Credit Suisse and Deutsche Bank — are suffering from distressed valuations, with credit default insurance levels looking like those last seen in the 2008 financial crisis. For those interested in assets outside of such behemoth tradfi (traditional finance) institutions, a handy guide…
What is Yearn.finance (YFI) and how does it work?
One of the fastest growing DeFi projects, Yearn.finance has spawned a range of core products that provide passive earnings on crypto assets. Source: https://cointelegraph.com/news/what-is-yearnfinance-yfi-and-how-does-it-work
CoinEx, the Official Sponsor of RLWC 2021, Fires Up the Audience in Manchester – Press release Bitcoin News
press release PRESS RELEASE. With the arrival of October, the much-anticipated Rugby League World Cup (RLWC) 2021 is about to kick off. CoinEx, the Exclusive Cryptocurrency Trading Platform Partner of RLWC, took the lead in holding an on-site meet-up, inviting fans and crypto users to celebrate the RLWC 2021 together. According to official news, the tournament is set to take…
Brazil Registers Record Number of Institutions Declaring Cryptocurrency Holdings – News Bitcoin News
Brazil registered its highest number of companies and institutions declaring ownership of cryptocurrencies in August. The numbers, which come directly from the Brazilian Tax Authority (RFB), show that more and more institutions are eager to purchase cryptocurrency, and also indicate that the most significant volumes are moved using Tether’s stablecoin usdt. Institutions Are Holding More Crypto in Brazil …
Veteran Trader Peter Brandt Suggests All BTC Acquired in 2021 Is ‘a Losing Trade’ — Reignites Feud With Laser Eyes Movement – Bitcoin News
Veteran trader Peter Brandt’s latest remarks which mock crypto traders still using laser eyes crypto memes have sparked an immediate and angry response from bitcoiners on Twitter. One very famous bitcoiner, Michael Saylor, reminded Brandt that the laser eyes signify “a long-term commitment to bitcoin based on its ethical, technical, and economic superiority to alternative assets.” Technical analyst and inventor…
Salvadoran President Nayib Bukele Takes Aim at Bitcoin Detractors, Says the Ones Who Are Afraid ‘Are the World’s Powerful Elites’ – Bitcoin News
It’s been over a year since El Salvador codified bitcoin as legal tender in the Latin American country, and by popping the ‘orange pill,’ the country was propelled into the international spotlight. At the end of September, the 41-year-old Salvadoran president Nayib Bukele penned an opinion editorial that takes aim at the detractors who think it was the wrong decision,…