The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Markets Prepare For CPI Surprise The U.S. Producer Price Index (PPI) data was released on October 12, 2022, a day before…
Massachusetts Senator Elizabeth Warren and a group of six other U.S. lawmakers have requested information on the energy usage and potential environmental impact of Bitcoin mining operations in the state of Texas. In a letter to Pablo Vegas, CEO of the Electric Reliability Council of Texas (ERCOT), the senators called Texas a “deregulated safe harbor” for crypto mining firms, adding…
Ballooning leverage and reduced volatility on crypto markets create a situation where explosive volatility is very possible in the short-to-medium term. Source: https://cointelegraph.com/news/crypto-markets-to-see-explosive-volatility-soon-arcane-research
Samsung, the consumer electronics giant, has announced the introduction of a blockchain-like security system for its smart devices. Named Knox Matrix, the objective of the system is to increase the security of a multi-device environment, with each smart device monitoring others and sharing access data to simplify login tasks. Samsung Blockchain-Powered Security System Blockchain technology is being harnessed for more…
It’s blood red in the world of DeFi on Thursday morning. Tokens backing decentralized finance protocols including SushiSwap, Lido Finance, Curve, and Uniswap have all plummeted over the past day, according to data from CoinGecko. SUSHI, the governance and staking token behind the decentralized exchange project, has dropped a whopping 10% over the past 24 hours. The token is now…
Nerves are showing on the market after several days of Bitcoin “stuck” in a tiny trading range. Source: https://cointelegraph.com/news/bitcoin-price-threatens-19k-support-ahead-of-most-hyped-cpi-print
According to a report, some Egyptian banks recently informed clients who plan to travel abroad that they can now only withdraw $2,000 or less. The banks have also lowered the amount of foreign exchange that clients can withdraw when abroad. Egypt’s ongoing shortage of foreign exchange has forced some merchants to start demanding payment in dollars. Pound Depreciation As pressure…
The largest CBDC pilot in the world is going to expand on citizen payments and cross-border operations with Hong Kong. Source: https://cointelegraph.com/news/bank-of-china-digital-yuan-transactions-volume-crossed-14b-mark
A list of crypto exchanges, including global platforms, have not introduced new restrictions on Russian users after the EU’s most recent sanctions round, Russian crypto media reported. The latest European penalties target an array of crypto-related services to increase pressure on Russia amid an escalating conflict in Ukraine. Major Exchanges Continue to Work in Russia Following EU’s Ban on Crypto…
Through the deal, Offchain Labs hopes to build a sustainable future for Ethereum, through greater communication between teams developing on both layers and direct collaborations. Source: https://cointelegraph.com/news/offchain-labs-acquires-ethereum-core-dev-team-prysmatic-labs
