Day: October 20, 2021

Mining for Super Rare Minerals Deep Underground – Cave Digger 2

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Welcome to Cave Digger 2! Cave Digger 2: Dig Harder is a VR adventure game for 1-4 players, taking place in an alternative, weird west dieselpunk world. The player excavates the mountains of their claim and encounters many mysteries along the way. In this episode of Cave Digger 2, I make my way underground for the first time and realize quickly, I’m not alone. I hope you enjoyed Cave Digger 2, hit that like button if you would like to see more.…

Treasury Says Crypto Reduces Efficacy of US Sanctions, Seeks More Funding – Regulation Bitcoin News

The U.S. Department of the Treasury says that the growing use of crypto assets challenges the efficacy of American sanctions. “We are mindful of the risk that, if left unchecked, these digital assets and payments systems could harm the efficacy of our sanctions,” the Treasury Department explained. Treasury Says Crypto Threatens Efficacy of U.S. Sanctions The U.S. Department of the Treasury released its 2021 Sanctions Review Monday. “Technological innovations such as digital currencies, alternative payment platforms, and new ways of hiding cross-border transactions all potentially reduce the efficacy of American…

LFG! Bitcoin Clears $66K and Hits New All-Time High

This episode is sponsored by NYDIG. Download this episode On today’s episode of “The Breakdown,” NLW looks at the market’s reaction to a new bitcoin all-time high, including: The success of the first day of the ProShares bitcoin futures exchange-traded fund Why the ETF didn’t end up being a “buy the rumor, sell the news” event Why the new ATH is all the more impressive given the recent FUD and actions by the Chinese government Why this ATH has some very different on-chain dynamics from previous ones See also: Bitcoin…

Altcoins take the next leg up as the total crypto market cap tops $2.63 trillion

Crypto markets are in an absolute state of euphoria after Bitcoin (BTC) caught a bid and hit a new all-time high at $67,000.  Bitcoin’s surge to $67,000 also helped to spark double-digit gains for multiple altcoins as the age-old adage of a rising tide lifting all boats appears to be in full effect. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were OriginTrail (TRAC), Kadena (KDA) and Cartesi (CTSI).…

Polygon Becoming Increasingly Independent From Ethereum as App Numbers Rise: Report

How long does a layer 2 remain a layer 2? A new report released on Wednesday from blockchain development platform Alchemy shows that the number of apps on self-described Ethereum layer 2 Polygon is growing at a rapid rate, and that the ecosystem is increasingly becoming independent from projects on the Ethereum base layer. According to the report, there are now 3,000 apps on the chain, up from just 30 last year. Additionally, Alchemy has seen a 145% increase in the number of teams building on the chain month-over-month. Per…

BITCOIN ROMPEU E CONFIRMOU! [Como eu disse…]

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Blockchain Firm Chainalysis Is Adding Bitcoin To Its Balance Sheet

Chainalysis has announced that it plans to add bitcoin to its balance sheet. The news came as a surprise to crypto investors as it is usually expected that a firm so deeply ingrained in the blockchain technology ecosystem would own some crypto. According to the blog post on its website, the firm had previously not owned any cryptocurrencies and this will be the first time Chainalysis is purchasing BTC. Bitcoin has been purchased as an investment strategy by companies who are in and out of the blockchain space. The digital…

Hive Leads Crypto Mining Stocks Higher as Bitcoin Hits All-Time-High

Jefferies analyst Jonathan Petersen answered the question in his Oct. 18 research report. “It’s a fair question, but upon exploration of the topic, we have observed that mining generally results in higher returns on multi-year periods of time,” Petersen wrote. His analysis showed that if someone bought a more recent mining computer, S19 Pro, at the end of 1Q20, when the market spot price for the machine was $2,410, a mine-and-hold strategy would return 1,083% vs buying and holding bitcoin, which would return 764%. Source

ETFs listed — What’s next for Bitcoin?

After dipping below $30,000 in June, Bitcoin (BTC) went on a nearly four-month rally, appreciating by more than 100%. On Friday, it was able to recapture the $60,000 level after closing the day with a 7.56% spike. The ensuing rally was attributed to the excitement around the SEC giving the green light on the ProShares Bitcoin Futures exchange-traded fund (ETF). Bitcoin has since successfully defended its current price level and managed to inch closer and closer to its all-time high valuation of $64,899. The listing of ProShares Bitcoin Strategy ETF…