Bitcoin’s mining industry has been relatively stable compared to the bearish price action and the tumultuous fallout of exchanges and lending companies. The network’s hashrate dipped slightly toward the end of 2022, primarily due to an unprecedented blizzard in the U.S., and has since recovered strongly to surpass its previous peak above 270 EH/s. It was particularly encouraging to see…
The rally in stocks could be giving Bitcoin price a boost, and the crypto market could see more fireworks if the Fed confirms investors’ expectation that rate hikes will slow down. Source: https://cointelegraph.com/news/price-analysis-1-23-spx-dxy-btc-eth-bnb-xrp-doge-ada-matic-dot
At its core, Kraken NFT is a product built for the people by the people. Building Kraken’s NFT product brought together a collaborative team across the company. It is also one of the biggest projects Kraken has ever completed, with thousands of hours focused on developing a dynamic marketplace in a little over a year. Kraken NFT isn’t your average…
Ethereum developers have begun finalizing the Shanghai upgrade “shadow fork,” according to software engineer Marius van der Wijden. The “shadow fork” will serve as a testing environment for the Shanghai upgrade, allowing developers to identify bugs and any potential issues. Ethereum’s Shanghai Upgrade ‘Shadow Fork’ Launches As the cryptocurrency community awaits the upcoming Shanghai hard fork, core Ethereum developers have…
Berliners could see the Bitcoin B projected onto the Berliner Fernsehturm tower on January 21. Source: https://cointelegraph.com/news/bitcoin-b-logo-lights-up-germany-s-tallest-building-in-berlin
Bitcoin mining has never been harder, according to the latest data. The network’s mining difficulty hit a new all-time high of 37.59 trillion hashes after posting a rare increase of over 10% on January 15, the highest leap since last November—the only time in 2022 when mining difficulty increased by a double-digit percentage. In addition to a high mining difficulty,…
press release PRESS RELEASE. Fluid Finance submitted a proposal to integrate the DAI decentralized stablecoin directly into the traditional financial system. It would be the first time that a stablecoin could be purchased directly from a bank account. Jessica Walker at Fluid said: “One of the problems with crypto is the lack of connection to the real world. Fluid solves…
Bitcoin (BTC) refused to surrender gains at the Jan. 23 Wall Street open as United States equities opened higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar sags as risk assets reject retracement Data from Cointelegraph Markets Pro and TradingView showed BTC/USD continuing to circle $22,800 at the time of writing. The pair had managed to conserve its trading range…
ECB board member Fabio Panetta affirms the ECB’s digital euro privacy policy and says the digital currency will never be programmable, but it may have an app. Source: https://cointelegraph.com/news/ecb-executive-board-member-outlines-plans-for-digital-euro-to-european-parliament
The New York Department of Financial Services, or NYDFS, has released guidelines on how licensed crypto firms should handle customer assets should they face “insolvency or similar proceeding”. In a Jan. 23 announcement, NYDFS superintendent Adrienne Harris said crypto firms and exchanges operating under a BitLicense — required in New York state — should segregate corporate funds from users’ virtual…
