Author: Donald Munn
The index was launched by the Italian consortium Cryptovalues, which has taken an important step towards bringing the crypto world and traditional financial activities closer together. The index, dedicated to institutional investors but also available to retail investors, is based on the fixing methodology, the same one used for over a century to establish the price of gold. Bitpanda, Bitstamp, Cex.io, Coinbase, Kraken and The Rock Trading will be the exchanges used to calculate the price. Milan, 1 April 2022 – Cryptofixing will be the name of the service used to determine the unique daily reference price for Bitcoin and,…
The most popular projects in the crypto market today offer a wide array of services that enable investors to diversify their crypto portfolios and explore multiple facets of blockchain technology from DeFi, Web 3.0 and gaming, to Non-Fungible Tokens (NFTs) and the metaverse. A great example of this is ArbiSmart (RBIS), an up-and-comer believed to be on the verge of exploding as it introduces a stream of new utilities in rapid succession over the next few months. Analysts are forecasting incredible gains, projecting that RBIS will rise to 200 times the current price in 2022, as the project expands into…
Trezor has announced that on 3 April its users were victims of phishing attacks from the MailChimp newsletter service that was compromised by an insider who appears to have targeted cryptocurrency companies. The hardware wallet company has decided to suspend newsletters until the situation is resolved. Trezor and the phishing attack on its users through compromised MailChimp The hardware wallet company Trezor has confirmed that its users who reported the phishing attack on 3 April were indeed right. The cause appears to have been the tampered MailChimp newsletter service. Here is the announcement on Twitter: We will not be communicating…
A US federal judge has dismissed a lawsuit accusing the Binance exchange of violating US securities laws by selling unregistered tokens. Binance’s lawsuit in the US A US federal court on Thursday dismissed a lawsuit seeking to indict Binance for violating US securities laws by selling unregistered tokens and failing to register as an exchange or broker-dealer. The lawsuit was filed by some New York users who had lost a large part of their investments on some cryptocurrencies purchased on the world’s first exchange. In a 327-page-long complaint, as reported by the Reuters news agency, the investors claim that Binance…
The quarter that just ended saw the worst performance for Wall Street futures in three years. The 34,000-point drop in the Dow Jones and the performance of the S&P 500 and its peers are emblematic. Last quarter’s snapshot: Wall Street futures performance It has not been this bad since the first quarter of 2020, since the outbreak of the pandemic. History is repeating itself, and while the problem used to be health, now the risk of a third world war following the events in Ukraine is worrying the markets. The employment figures, which had seen an increase of 678,000 jobs…
The NFT Magazine, a project created by cryptodailynews24.com and ArtRights, has reached its sixth issue, now on sale on OpenSea at 0.05 ETH with a cover artwork by artist SeerLight. SeerLight is well known in the industry for having sold over $20 million in artwork on blockchain to major collectors such as Vincent Van Dough. It is worth noting that all previous issues of the NFT Magazine have sold out and have totalled sales of around 100 ETH. The NFT Magazine and NFTM tokens The NFT Magazine was launched with its first issue last November 2021 featuring Hackatao on the…
Bitcoin Analysis Bitcoin’s price alternated between red and green candles over the weekend and finished Sunday’s daily session in positive figures and +$558. The BTC/USD 1D chart below from mukri81 shows BTC’s price trading between the 0.786 fibonacci level [$45,104.43] and 1 [$48,580.87], at the time of writing. Those that are optimistic about BTC’s price in the interim are aiming to break the 1 fib level followed by a second target of 1.618 [$58,620.31]. The third target for bullish traders is 2.618 [$74,865.36]. The targets to the downside on BTC for bearish traders are 0.786, 0.618 [$42,375.26] and 0.5 [$40,458.35].…
Greenpeace is talking about Bitcoin and announcing a new campaign “Change the code, not the climate”, aimed at reducing the energy use of BTC mining to be less harmful to the environment. Greenpeace and the new Bitcoin mining campaign Greenpeace, an independent global network involving 26 national/regional organisations in over 55 countries, tweeted about Bitcoin to launch its “Change the code, not the climate” campaign: BREAKING: Bitcoin uses more energy than some countries, it's resurrecting closed fossil fuel plants and driving climate devastation. Now, we're joining with @ewg to reduce Bitcoin’s energy use by 99.9%.#ChangeTheCode: https://t.co/zLUDzvKzsMhttps://t.co/aUdDduI1CA — Greenpeace USA (@greenpeaceusa)…
Bitcoin mining: Nineteen millionth Bitcoin was mined over the weekend. Bitcoin mining: we are about to hit the ceiling In fact, at the time of writing this article, a total of 19,002,284 BTC have been created, whereas until last Friday there were less than 19 million. The main financial feature of BTC is the insurmountable ceiling of the number of BTC that will be created: 21 million. So by now there are only just under two million BTC left to be created. Currently, 6.25 are still being created for every block that is mined and added to the Bitcoin blockchain,…
Former BitMEX CEO Arthur Hayes has hinted that he may soon shift his investments away from Bitcoin in favour of Ethereum, claiming that “a huge wall of money” will soon enter ETH New Ethereum price target according to former BitMEX CEO In his latest book, former BitMEX CEO Arthur Hayes claimed to have an equal amount of Bitcoin and Ethereum in his portfolio. But again in his new essay “Five Ducking Digits” he makes it clear that it is now time to change the proportions and move 75% of his capital into Ethereum, leaving the remaining 25% in Bitcoin. Despite…