Day: January 9, 2022

Even after the pullback, this crypto trading algo’s $100 bag is now worth $20,673

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Exactly one year ago, on Jan. 9, 2021, Cointelegraph launched its subscription-based data intelligence service, Markets Pro. On that day, Bitcoin (BTC) was trading at around $40,200, and today’s price of $41,800 marks a year-to-year increase of 4%. An automated testing strategy based on Markets Pro’s key indicator, the VORTECS™ Score, yielded a 20,573% return on investment over the same period. Here is what it means for retail traders like you and me. How can I get my 20,000% a year? The short answer is – you can’t. Nor can…

The Year of the Alts

BNB, the native token of Binance Smart Chain, went from $5 billion to $85 billion, Solana’s SOL exploded from $85 million to $55 billion, and Cardano’s ADA took off from $5.5 billion to $46 billion (though it was at $95 billion over the summer). To be sure, a dramatic rise was to be found in layer 2 protocols, too. Polygon, a supplemental network to Ethereum, saw its native token MATIC rise in value from just $91 million at the start of 2021 to $18 billion at year end. Source

Kosovo Seizes Hundreds of Crypto Mining Machines in Crackdown – Mining Bitcoin News

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Police in Kosovo seized another batch of over 200 mining devices as part of raids that started on Thursday. The offensive against underground crypto farms was launched after authorities in Pristina banned the power-hungry minting of digital currencies amid an energy crisis in the country. Authorities in Kosovo Confiscate Mining Hardware in Serb Majority North Law enforcement officers in Kosovo have confiscated hundreds of mining machines as part of efforts to curb crypto mining activities in the face of electricity shortages. One person has been arrested in the latest police…

What should the crypto industry expect from regulators in 2022? Experts answer, Part 2

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Michelle is the CEO of the Association for Digital Asset Markets, which works in partnership with financial firms and regulatory experts to devise a code of conduct for digital asset markets. “2021 was the year Washington woke up to the digital assets industry. The year started with the rushed FinCEN “Unhosted Wallets” proposal, which the industry was able to voice its concerns and delay. At the same time, pro-digital asset Senator Cynthia Lummis joined the Senate. As the Biden Administration got up to speed on digital assets, it seemed like…

Social Media Giant Wechat to Support China’s CBDC, Platform Expected to Boost Adoption Rate – Fintech Bitcoin News

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China’s social media giant, Wechat has said it will support the digital yuan in a move that is expected to increase the of Chinese residents that use the central bank’s digital currency (CBDC). Wechat’s support of the digital yuan potentially avails the digital currency to the social media’s 800 million active users. New App Provides Access to CBDC Wechat, one of China’s biggest messaging and payment apps, is reportedly set to support the digital yuan, China’s CBDC. The addition of the CBDC to the social platform is expected to boost…

Game on NFT™, a Work of Art That Celebrates Bitcoin and Bitcoiners – Press release Bitcoin News

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press release PRESS RELEASE. Chicago, IL – 9th January, 2022 – Denjary Watru, the creator of the Game On NFT™ has dropped an NFT that is sure to become highly sought after by all those who know and understand Bitcoin, its implications for society going forward, and who have an appreciation for the value of digital art. According to Denjary, the inspiration for the Game On NFT™ happened during his routine treadmill workout and while talking on the phone to a friend, attempting to explain Bitcoin. Surrounded by sports themed…

Breaking Down the Fight Between Bitcoin and Web 3

This episode is sponsored by Nexo, Abra and FTX US. Download this episode This week’s Long Reads Sunday features a reading of David Z. Morris’ “What Jack Dorsey’s Beef With ‘Web 3′ Is Really About” “The Breakdown ‘’ is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and Michele Musso, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our…

Create your own NFT’s using this iPhone apps

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Anyone can create their own NFT using this iPhone apps. I will show you an application that can also be used to sale them. Have you at any point needed to make a NFT? All things considered, some NFTs have sold for millions. Regardless of whether you procured a little level of those costs, it would mean some additional cash to cover bills or purchase something you’ve been needing. Fortunately, there are applications that assist and help you with making NFTs from your iPhone. Regardless of whether you need to…

Bitcoin performs classic bounce at $40.7K as BTC price comes full circle from January 2021

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Bitcoin (BTC) bounced off what is for some a key level on Jan. 9, closely mimicking events from September 2021.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Shorters will get rekt” at $40,700 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing course at around $40,700 to subsequently pass $42,000. The behavior, while uninspiring for some, firmly reminded others of Bitcoin price behavior at the end of September, when $40,700 acted as a springboard which ultimately produced $69,000 all-time highs seven weeks later. History and Context 40.7k $BTC https://t.co/LqlkxxJ0BF pic.twitter.com/neJlH6mnmN…

Ruling Party Sources Deny Plan to Levy 40% Tax on Crypto Yields in Turkey – Regulation Bitcoin News

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The government in Turkey does not intend to impose a 40-percent levy on crypto-related gains as has been alleged, members of the ruling AKP party have indicated to the local press. They have also emphasized that the current regulatory efforts are aimed at creating a sustainable environment for the blockchain industry. Turkey to Establish Regulatory Base for Cryptocurrency Market A legislative proposal tailored to regulate cryptocurrency trade in Turkey is likely to be submitted to the parliament in the upcoming weeks. Sources from the Justice and Development Party (AKP), the…