Day: January 21, 2022

Bitcoin Dives Below $40K, Why Bulls Could Struggle In Near Term

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Bitcoin started a strong decline from the $43,500 resistance against the US Dollar. BTC remains at a risk of more downsides below the $39,200 support. Bitcoin started a major decline after it failed to clear the $43,500 resistance. The price is still trading below $41,000 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $42,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if there is a break…

Multichain hacker returns 322 ETH, keeps hefty finders fee

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In a dramatic twist, one of this week’s Multichain hackers has returned 322 ETH ($974,000 at the time of writing) to the cross-chain router protocol and one of the affected users. However the hacker kept 62 ETH ($187,000) as a “bug bounty”, and a total of 528 ETH (worth $1.6M) remains outstanding after the exploits. Earlier this week, news emerged of a security vulnerability with Multichain relating to the tokens WETH, PERI, OMT, WBNB, MATIC, and AVAX, and $1.43 million was stolen. Multichain announced on Jan. 17 the critical vulnerability…

El Salvador's New Bitcoin Citizenship By Investment Program + Passport Analysis – CBI for 3 BTC?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Today we discuss El Salvador’s recent moves to adopt bitcoin as legal tender and implement a new citizenship by investment program where investors will be able to acquire the passport with just 3 BTC. I explain my thoughts on this move from a global perspective with other countries looking for safe havens against the continued decline in fiat currencies and how Bitcoin can provide a first mover advantage opportunity for those willing to take on some of the political and economic risk…

Australia’s plan to create a crypto competitive edge in 12 steps

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In October 2021, the Senate Committee for Australia as a Technology and Financial Centre released its much-awaited recommendations for how cryptocurrency should be regulated. The 168-page final report boils down to 12 recommendations aimed at striking the right balance between creating legitimacy without stifling innovation.  This is a landmark report that demonstrates Australia’s clear efforts to put itself at the forefront of crypto investment globally. The chair of the committee, Senator Andrew Bragg, believes that “Australia can be a leader in digital assets” and is confident that it can particularly…

Bitcoin’s Plan To Fix The Crowdfunding Problem?

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Crowdfunding has been around for some time now, and although it has been a hard time for some projects to gain funds, bitcoin could be the answer. Let’s look at the root of the troubles and how crypto could potentially address them. Related Reading | Downward DOGE: Descending Dogecoin Pattern Predicts Deadly Drop The In’s and Outs… Crowdfunding is a practice where you can donate money – including cryptocurrencies such as Bitcoin, Litecoin, and more cryptocurrencies – to projects, associations or people to develop ideas. It is a very powerful mechanism…

The Business Of Bitcoin Mining (& Why It's So Difficult)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Over the past couple of months, the price of Bitcoin has skyrocketed leading Bitcoin investors to profit massively. Someone who is profiting even more than Bitcoin investors is Bitcoin miners as they make money even when Bitcoin is not moving or even going down. However, mining Bitcoin is no walk in the park, and it is extremely difficult. First of all, the process of mining itself is long and tedious, and Bitcoin is not guaranteed at the end of successfully mining a…

Ethereum Losing Ground to Other Crypto in NFT Market Due to High Transaction Fees, Congestion – Altcoins Bitcoin News

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JPMorgan has told its clients that ethereum is losing ground to rival cryptocurrencies, such as solana (SOL), in the non-fungible token (NFT) market due to sky-high transaction fees on the network. “It looks like, similar to defi apps, congestion and high gas fees has been inducing NFT applications to use other blockchains,” said JPMorgan. Ethereum Losing Ground in NFT Market, Says JPMorgan Global investment bank JPMorgan sent a note to clients last week explaining that ethereum is losing ground to rival cryptocurrencies, such as solana (SOL), in the non-fungible token…

Jack in the Box ends suit against FTX for allegedly stealing its mascot

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Jack in the Box’s lawsuit against FTX US over an alleged mascot-related copyright and trademark infringement has come to an end after the parties reached a settlement. The duo informed the District Court for the Southern District of California that they had resolved the dispute via a motion to dismiss on Jan. 20, however the specific details of the settlement have not been disclosed. The popular fast food chain initially filed the suit at the start of November, alleging that the appearance and behavior of FTX US’s “Moon Man” mascot…

Current Cryptocurrency Market Situations | Cryptocurrency

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #Cryptocurrency #Crypto #MarketSituation People are really worried about current Cryptocurrency Market Situation, Why the price of the Crypto’s going down and what will happen in the future of Cryptocurrency. People are nervous and are really not sure about the path forward of the Cryptocurrencies. Will the market go up or down, what is the thing which you should do in this uncertain times. Exchanges I Use: MEXC Global – Binance – Huobi Global – Telegram Channel Link – Other Channel How to…

1,000 users can now withdraw

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Online retail investing platform Robinhood has released its long awaited crypto wallet for beta testing which will finally enable users to withdraw crypto from the platform. The first 1,000 users that signed up to the waitlist for ‘Wallets’ are eligible to take part in beta testing. Wallets testers will be able to withdraw crypto valued up to $2,999 over a maximum of 10 total transactions daily. Robinhood is a financial services platform backed by Citadel Securities that offers stock and crypto trading. Robinhood’s crypto purchaser users have awaited the release…