Day: January 3, 2022

First Mover Asia: Bitcoin Slips Under $46K As Volume Across Major Centralized Exchanges Remains Low

(Edited by Greg Ahlstrand) Good morning. Here’s what’s happening: Market moves: Bitcoin opened lower on the first trading day of U.S. equities market, while the stock market gained with Apple briefly hitting a $3 trillion market capitalization. Technician’s take: Price indicators suggest limited downside for BTC over the short-term as selling pressure slows. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $46,343 -2.29% Ether (ETH): $3,755 -1.84$ Markets S&P 500: 4,796 +0.64$ DJIA: 36,5856 +0.68% Nasdaq: 15,832 +1.2% Gold:…

3 reasons why Phantasma (SOUL) is chasing after new all-time highs

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Nonfungible tokens and blockchain-based gaming projects saw a breakout in popularity over the course of 2021. This was due to their widespread appeal which attracted the attention of crypto newbies and experienced hodlers alike. This trend helped to further initiate the mass adoption of blockchain technology and from the look of things, its likely to extend throughout 2022.  One project is making moves in 2022 is Phantasma (SOUL), a layer-one blockchain protocol that specializes in the creation of SmartNFTs and decentralized gaming applications. Its prices reflect that it’s about to make…

Bitfarms and Marathon Digital Both Mined Over 3K BTC in 2021

Bitfarms (BITF) and Marathon Digital (MARA), two of the largest publicly-traded bitcoin miners, each announced on Monday that they had mined over 3,000 bitcoin in 2021. Canadian-based Bitfarms produced 3,452 bitcoin for the year, while U.S.-based Marathon mined 3,197 bitcoin. Bitfarms’ total holdings grew to over 3,300 bitcoin as of the end of the year, worth $151.8 million at current prices, while Marathon’s holdings increased to 8,133 BTC, worth roughly $375.8 million. Most miners began holding onto the bitcoin they mined rather than selling them as the year went on due…

Turkey’s Inflation Jumps to 36%, Lira’s Value Plummets, Citizens Flock to Stablecoins – Economics Bitcoin News

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Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Original

Happy Birthday, Bitcoin! Industry players share a few words

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To celebrate the Bitcoin network ‘s 13th anniversary, Cointelegraph gathered birthday messages from industry players to mark the occasion. Following a hash rate all-time high, Bitcoin (BTC) has officially reached its adolescent years and industry experts weigh in on its future. Beimnet Abebe, VP of Principal Trading at Galaxy Digital: “13 years ago Bitcoin was released. Although its creation garnered little fanfare, drawing the eyes and attention of only a few esoteric coders, its release would prove monumental, enabling anyone, anywhere in the world to access digitally scarce money for the first…

Ethereum Inventor Starts 2022 Revisiting Ideas, Where Was He Wrong?

The inventor of Ethereum Vitalik Buterin has come out of a self-imposed Twitter hibernation period, as he called via his personal account. On his first post of 2022, Buterin reviewed some of the ideas, proposals, and thoughts from this past decade to find if he maintains the same position as when he first talked about them. Related Reading | TA: Ethereum is Showing Early Signs of Fresh Rally, But 100 SMA is the Key The inventor of Ethereum listed over 10 ideas, many of which have been a source for controversy…

Garry Kasparov: Crypto Means Freedom

So, I’ve been doing a lot of talks about it, and I’ll say, “Look, it’s not the magic wand or the terminator. It’s not a harbinger of utopia or dystopia. It’s a tool.” Crypto is a tool. And of course it could benefit some bad guys with maligned intentions. But it’s about the balance, it’s about trade-offs. And I think the balance is so much in favor of progress. Source

Ape Theft Is an Expensive Way to Learn About Crypto’s Security Philosophy

Last week, an NFT trader named Todd Kramer made a simple plea on Twitter. “I been hacked,” he wrote. “All my apes gone. This just sold please help me.” Kramer was referring to his cache of Bored Ape Yacht Club non-fungible tokenss – now the single most valuable franchise of crypto collectibles. They’ll run you about $276,000, at the cheapest, and Kramer had eight of them, along with seven from a spin-off collection called the Mutant Ape Yacht Club, before his tokens were siphoned away in a phishing scam. Almost…