Texas following El Salvador? Poll shows 37% of residents want crypto payments

A new poll from Newsweek suggests that as many as 10.8 million Texans may support legislation that makes cryptocurrency legal in the next election. According to a Sept. 20 report, a Newsweek poll that surveyed more than 9,700 eligible voters across ten U.S. states suggested that 37% of Texas residents would vote in favor of a ballot measure to make crypto legal, while 42% said they would support crypto-friendly legislation similar to that in Wyoming. With a population of roughly 29 million people as of 2021, Texas could have more…

Metal Fans Snap Up Gwar’s ‘Scumdog’ and ‘Slave’ NFTs Amid Market Frenzy — CoinDesk

Gwar, which has been putting on its cartoonishly gory stage shows since the 1980s, seemed a bit befuddled by the whole thing, with lead singer Berserker Blóthar saying in a statement: “Our manager, Sleazy P. Martini, tells me that with these NFTs our fans will get some cool, original, never-before-seen GWAR art, and they can own a little piece of the GWAR universe. He also tells me that if we sell enough of them, I can buy lots of curly fries.” Source

Market Wrap: Bitcoin Sell-off Deepens as Equity Volatility Rises

Cryptocurrencies sold off on Monday as stocks suffered their steepest decline in weeks. Signs of stress in China’s credit markets over the weekend contributed to bearish sentiment across global markets and triggered a rise in the CBOE Volatility Index (VIX) to levels last seen in May. Bitcoin dipped below its 200-day moving average and was trading at around $44,000 at press time. The cryptocurrency is down about 7% over the past 24 hours. Initial support is at the $40,000-$42,000 breakout level that was achieved on Aug. 6. Roughly $1 billion…

OpenSea Scandal Shows Need for More NFT Regulation — CoinDesk

It’s somewhat disingenuous to argue, as one prominent influencer did this weekend, that NFTs are a “non-speculative on-ramp to get started” in crypto. An NFT is very clearly an asset with a resale value that rises and falls. It can be many things – an artwork, a fundraising vehicle, a digital VIP pass – but more often than not, it’s something you can resell. Whatever an NFT is, it’s also a trading card. To buy one is to buy into the crypto market, which is to engage with those whiplash…

Stock sell-off tanks Bitcoin price, but traders expect a bounce near $42K

The cryptocurrency market faced a fresh round of selling on Sept. 20 as global financial markets fell under pressure thanks to fears surrounding the potential default of Evergrande Group, a China-based real estate company whose collapse could send ripples across equities markets.  Data from Cointelegraph Markets Pro and TradingView shows that the early morning sell-off in Bitcoin (BTC) intensified into midday as the price dropped to a low of $42,493 before bulls managed to bid it back above $43,500. BTC/USDT 4-hour chart. Source: TradingView With fear on the rise and uncertainty spreading…

Is Crypto Mining Dangerous For Your PC? Long Term CPU/GPU Damage

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The 2 questions I get constantly is how do I get start crypto mining, and will it harm my PC. I have covered the how to in previous tutorials, but now I will address the issue of short term damage and the long term life span of your GPU. I will go over the steps you can take to mine safely, and maximize your profits, and my personal experience mining over 2 years with a custom built PC, and a prebuilt Alienware…

Tron Exchange-Traded Product To Be Listed on Europe’s Biggest Stock Exchange

Open blockchain platform TRON (TRX) will join mutual fund VanEck as part of an upcoming listing on the Deutsche Börse German stock exchange. The new product is an exchange-traded note (ETN) called VanEck Vectors TRON ETN (VTRX). It will debut on Europe’s largest stock venue tomorrow, with further expansion to Zurich, Paris, and Amsterdam expected.   The TRON (TRX) protocol was founded in 2017 by Chinese-American tech entrepreneur Justin Sun, and aims to allow content creators to sell directly to their consumers. Martijn Rozemuller, CEO at VanEck Europe, explains the…

Bitcoin Holders Take Profits, Indicators Remain Bullish?

Without consensus on its implications, the Evergrande potential default has impacted the traditional market, and Bitcoin. The first cryptocurrency by market cap started the week with a correction with risk to trend further down. At the time of writing, Bitcoin trades at $43,462 with a 9.1% and 6% loss in the daily and weekly chart, respectively. BTC on a downside trend in the daily chart. Source: BTCUSD Tradingview Bitcoin Holds On To Critical Support Pseudonym analyst IncomeSharks claimed that Bitcoin could be at the beginning of a correction. The analyst…

Institutional investors increase their crypto holdings for 5th straight week

Cryptocurrency assets held by institutional managers rose for a fifth consecutive week, a sign that market participants had once again flipped bullish on Bitcoin (BTC) and the leading altcoins.  Investment flows into crypto products totaled $42 million in the week ending on Sept. 19, with Bitcoin funds seeing inflows of $15 million, according to digital asset manager CoinShares. That’s only the third time in 16 weeks that BTC investment products saw positive inflows. All major assets registered a weekly increase, with investors buying up $6.6 million worth of Ether (ETH)…

Evergrande Losses Sparks Fear of Looming Credit Contagion, Janet Yellen Asks to Raise US Debt Ceiling – Economics Bitcoin News

Global investors have their eyes peeled on the Evergrande Group or the Evergrande Real Estate Group, China’s second-largest property developer by sales. Evergrande Group shares nosedived on Monday dropping to 11-year lows and many analysts and economists are concerned about a possible credit contagion. Credit problems with China’s real estate industry have affected global markets a great deal as European and U.S. stocks have slid during Asia’s overnight. Evergrande Group’s Counterparty Risk and Liquidity Shocks Could Spark a Credit Contagion on a Global Level Many people woke to the news…