Author: Donald Munn
Bitcoin Analysis Bitcoin’s price finished in negative digits for a third consecutive daily session and BTC concluded its daily frame on Tuesday -$451. The BTC/USD 1D chart below from Zrroon shows BTC’s price trading between the 0 fibonacci level [$17,635.82] and 0.236 [$29,793.45], at the time of writing. Traders that are still optimistic in a mid-term rally on BTC are looking to send BTC’s price back above the 0.236 fib with a secondary target of 0.382 [$37,314.7]. The third target overhead for bitcoin bulls is 0.5 [$43,303.52]. Conversely, traders that are bearish on BTC in the short-term to midterm are…
Blockworks Research has released its report on Bitcoin mining called Bitcoin State of Mining. The report on Bitcoin mining This is a biweekly report on mining, with metrics and news specific to miners, regulatory developments, and any other topics that impact the industry. Bitcoin State of Min(ing): A bi-weekly report covering the Bitcoin Mining sector by @ryan_swansonx pic.twitter.com/0lkkydrB3g — Blockworks Research (@blockworksres) June 30, 2022 This week’s report, by Ryan Swanson, reveals that Bitcoin mining appears to be a somewhat stressed business due to the recent drop in the price of BTC to $20,000. In fact, the drop is causing…
Last week, VanEck filed a new application with the SEC to be allowed to issue an ETF on spot Bitcoin in the US. After Grayscale, VanEck is also trying to apply for approval of an ETF on spot Bitcoin The SEC is not making the decision to approve Bitcoin spot ETFs It did so before the SEC finally rejected Grayscale’s similar application, and this new application traces another one previously filed also by VanEck and rejected by the SEC in November 2021. This time it provided the SEC with an extensive set of reasons why it should be approved. VanEck…
The former stablecoin TerraUSD (UST), also known as TerraClassicUSD (USTC), and Luna Classic (LUNC), have seen a price pump over the past 7 days, with UST rising over 470% and LUNC over 96%. Terra: the new USTC and LUNC tokens register price pumps Price rebound by USTC and LUNC In this past week, the former stablecoin of TerraUSD (UST), also known as TerraClassicUSD (USTC), and Luna Classic (LUNC) recorded big price pumps. UST rose 472.4%, while LUNC rose 96.3%. Something mysterious, but also possible in the crypto world, where assets given up for “dead” could instead “resurrect”. Indeed, in the…
El Salvador, which first decided last September to make Bitcoin legal tender, has in recent days purchased an additional 80 Bitcoin at an average price of $19,000. El Salvador purchases 80 additional BTC at $19,000 each (via @k_majch)https://t.co/9b5fnMeglP — The Block (@TheBlock__) July 1, 2022 El Salvador increases risk by buying an additional 80 Bitcoin After buying about 500 BTC a month ago at an average price of about $30,000, El Salvador has in recent days decided to buy 80 more, after falling below $20,000. El Salvador just bought the dip! 500 coins at an average USD price of ~$30,744…
Despite the bear market, Bitcoin and Ethereum are continuing to set new records. New records emerge on the use of the Bitcoin and Ethereum networks Despite the market crash, the Bitcoin blockchain continues to record new records As far as Bitcoin is concerned, the number of small holders seems to be continuing to increase. In fact, the number of addresses on which at least 0.01 BTC, or one million Satoshi, are held has exceeded ten million, setting a new all-time record. To be precise, the most represented band in this ranking is that of addresses holding from 10,000 to 100,000…
Starting today on major exchanges, it will be possible to trade Euro Coin (EUROC), the stablecoin pegged 1:1 to the euro and secured with bank deposits of equal value in euros. Circle officially issues Euro Coin on the market The new stablecoin anchored to the euro issued by Circle On its website and subsequently with a tweet, Circle Internet Financial has announced the creation of the Euro Coin (EUROC) stablecoin: “1 / Euro Coin ($ EUROC) is now available via the Circle account! Our newest stablecoin is designed with the same $ USDC full reserve model so it’s always redeemable”.…
All set for the launch of the new ASIC for Bitcoin mining by computing giant Intel. The ASIC for Bitcoin mining developed by Intel Everything is now ready for the new ASIC that Intel unveiled last April for Bitcoin mining. It is called Blockscale and is Intel’s new cryptocurrency mining program. JUST IN – Computing giant Intel is now shipping its new #Bitcoin mining ASIC to customers pic.twitter.com/AtgTXcp9XD — Bitcoin Magazine (@BitcoinMagazine) June 30, 2022 The new ASIC will be ultra-low voltage and high power efficiency, which will provide an important new tool for Bitcoin mining. Raja Koduri, senior vice…
A few days ago rumors began circulating that crypto exchange FTX wanted to buy Robinhood and now BlockFi, but all of them seem to be fake news. News is now circulating that FTX has made an offer to acquire BlockFi, the popular DeFi platform, for $25 million. The price was far too low to be true, as the company’s valuation is currently over $4 billion. And, as a matter of fact, a short time passed and BlockFi’s CEO Zac Prince intervened, declaring that the news put out by CNBC was not true. Lots of market rumors out there – I…
SPONSORED POST* ChangeNOW is a non-custodial crypto crypto exchange and processing platform. Besides allowing trading between cryptocurrencies, it also allows purchasing them with a credit or debit card. In particular, it supports the major VISA and Mastercard circuits, thus facilitating fiat-to-crypto conversion. The platform accepts about 60 different fiat currencies. The main features of ChangeNOW One of the most important advantages lies in the fact that ChangeNOW boasts of being a non-custodial platform. This means that, like in DEXs, control of the funds is totally in the hands of the user. In addition, it provides an adequate level of privacy…