Day: January 3, 2022

A Look at the Genesis Block and Source Code That Sparked a Financial Revolution – Featured Bitcoin News

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13 years ago today, the anonymous creator of the Bitcoin protocol kickstarted the network by mining the genesis block. Satoshi started the genesis block on Saturday, January 3, 2009, at precisely 1:15 p.m. (EST), and since then more than 700,000 blocks have been mined into existence. Kickstarting the Bitcoin Network Today, bitcoiners and cryptocurrency advocates worldwide are celebrating the 13th anniversary of the Bitcoin network’s launch. On this day, 13 years ago, Bitcoin’s inventor Satoshi Nakamoto launched the genesis block, otherwise known as “block zero.” There are several unique characteristics…

Bitcoin dips below $47K as US dollar surge dampens BTC price performance

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Bitcoin (BTC) crisscrossed $47,000 on Jan. 3 as the first Wall Street trading days of 2022 got off to a modest start. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Ethereum steals the limelight Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting in a narrow range as the week began, with traders split over short-term outcomes. “It’s just a matter of time before BTC breaks out, and the longer it takes the harder it will pump,” popular Twitter account Galaxy summarized. “Q1 is up only. You heard it here…

What’s ahead for crypto and blockchain in 2022? Experts Answer, Part 3

Alex is a writer, speaker, investor and adviser focused on the impact of emerging technologies such as blockchain and cryptocurrencies. He is the general manager of Ninepoint Digital Assets Group, an investment management services provider in the field of blockchain technology and cryptocurrency.  “I think 2022 is the year of multichain. 2021 saw the rise of new layer-one protocols like Solana and Avalanche that promised to improve on Ethereum with faster throughputs and lower fees. But these benefits may prove impermanent. As they become more popular, they may suffer the…

South Korean presidential candidate to use NFTs to raise funds for campaign

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Democratic Party (DP) presidential candidate Lee Jae-myung prepares to use nonfungible tokens to raise funds for his campaign.  The party will issue NFTs to those who donate money for the campaign for the upcoming presidential elections. The NFTs will contain images of the candidate and his pledges. In an interview with Yonhap News, campaign official Kim Nam-kook said the party is doing this to appeal to the younger generation. “As the young generation in their 20s and 30s are interested in emerging technologies, including virtual assets, NFTs and the metaverse,…

Ertha to Prime List Huobi on January 4th – Sponsored Bitcoin News

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sponsored Ertha’s Listing and TGE will be hosted on Huobi as a Prime List on the 4th of January, 2022. Listing on Huobi ensures that ERTHA Metaverse becomes the leading token in the GameFi & NFT space. Gaining a Primelist brings new levels of visibility and prestige to the project, introducing us to a wider demographic of investors and supporting the value and longevity of the token. It also provides the community a convenient way to access the $ERTHA token. Huobi is the industry’s leading digital asset exchange in both…

Argentinian Government Inquires About Energy Bitcoin Mining Companies Use Amidst Power Cuts – Bitcoin News

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The Argentinian government is starting to inquire about the power consumption of bitcoin mining companies after some provinces in the country faced power cuts during the last days of 2021. Cammesa, the state-owned power wholesaler, has sent a memo to big power consumers to reveal whether they are mining cryptocurrency. If so, the companies should reveal their actual power consumption so a price hike can be coordinated, and they will need to invest in power infrastructure. Argentinian Government Sets Sights on Bitcoin Mining The Argentinian government is trying…

ADALend Listed On CardanoCube

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ADALend, a decentralized lending platform utilizing the Cardano blockchain, has recently been listed on CardanoCube.io, a platform that makes information on dApps available by providing an overview of all projects and dApps building on Cardano. The listing is preceded by ADALend’s announcement, where they shared the intention of using Plutus Application Backend (PAB) to continue the development of the platform. About CardanoCube.io CardanoCube.io is the go-to resource for information about the Cardano Blockchain and its ecosystem. They are offering retail customers unbiased, high-quality, and reliable information so they can make…

Square Enix CEO reveals plans for blockchain, metaverse, NFTs

Wider adoption of nonfungible tokens (NFT) and play-to-earn games may be on the way, as one of the world’s largest gaming companies sees them as the future of the industry. Yosuke Matsuda, CEO of Square Enix, revealed the company’s intentions for blockchain and NFT spheres in his new year’s message on Saturday. In his letter, Matsuda begins with a discussion of the metaverse before noting that Facebook’s renaming to Meta is proof that the concept isn’t a passing fad. He expects 2022 to be a year of hype for the…

Bitcoin is new gold for millennials, Wharton finance professor says

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Bitcoin (BTC), the world’s most-valued cryptocurrency, has replaced gold as an inflation hedge for young investors, according to Wharton’s finance professor. Gold’s performance was “disappointing” in 2021, Wharton School finance professor Jeremy Siegel said in a CNBC Squawk Box interview on Friday. On the other hand, BTC has been increasingly emerging as an inflation hedge among younger investors, Siegel argued: “Let’s face the fact, I think Bitcoin as an inflation hedge in the minds of many of the younger investors has replaced gold. Digital coins are the new gold for the…

Bitcoin’s Net Exchange Flows Flip Bearish As Cryptocurrency Struggles For Directional Bias

A blockchain indicator tracking the flow of coins in and out of centralized exchanges is signaling a bearish shift in investor sentiment similar to the one seen before the May 2021 crash. Glassnode data shows the 90-day moving average of net exchange flows has turned positive, meaning more coins are entering exchanges than leaving. Sustained net inflows, if any, would be a cause for concern for the bulls. Net inflows imply investor intention to sell, while consistent outflows represent strong holding sentiment and take out circulating supply from the market,…