Day: January 24, 2022

Crypto News Roundup for Jan. 24, 2022

This episode is sponsored by Kava. Today’s Stories: First Mover Asia: Bitcoin, Ether Regain Ground Sunday After Early Weekend Battering Bitcoin Drops to 6-Month Low, Ether Eyes Bearish Cross as US Stock Index Futures Erase Early Gains Yellen rebrands Biden economic agenda as ‘modern supply-side economics’ US Existing-Home Sales Reached a 15-Year High of 6.1 Million Last Year – WSJ El Salvador Purchases 410 More Bitcoins Amid Market Drop, President Bukele Says Why Brazil Is the Big Latin American Bet for Global Crypto Exchanges Biden Administration to Release Executive Order…

Technicals Indicate Bitcoin has Reached Its Lowest Level Since Pandemic Crash in March 2020 – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin plummeted to $34,000 over the weekend as its correlation to the US stock market strengthens. The rapidly changing Federal Reserve policy in response to rising inflation has caused extreme fear in both legacy and crypto markets. Bitcoin has reached its lowest level on the daily RSI (Relative Strength Indicator) technical indicator since March 2020, which was the time of the COVID crash. Also, the weekly RSI currently sits at 37, which is usually considered as indicating the price is oversold.…

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Hard Fork vs Soft Fork

Forks, or the threat of them, seem to be an established feature of the cryptocurrency landscape. But what are they? Why are they such a big deal? And what is the difference between a hard fork and a soft fork? A “fork,” in programming terms, is an open-source code modification. Usually, the forked code is similar to the original, but with important modifications, and the two “prongs” comfortably co-exist. Sometimes a fork is used to test a process, but with cryptocurrencies, it is more often used to implement a fundamental…

Indonesia’s Crypto Industry in 2021: A Kaleidoscope

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In 2021, the number of global crypto holders has been estimated to have increased by 3.9% to more than 300 million crypto users worldwide, with more than 18,000 businesses already accepting cryptocurrencies as payment. India is currently in the lead with 100 million users, followed by the United States with 27 million users and Russia with 17 million users. According to data from Triple A, Indonesia has the seventh-largest crypto user base, below Brazil and Pakistan. It is estimated that there are 7.2 million Indonesians who own cryptocurrencies, while according…

Chelsea Manning on the Sad State of Online Privacy

Yeah, I think people are concerned. I think people are educated and understand this. But I also think that people have mostly decided that “Oh, somebody is going to fix this” or, “I’m sure somebody’s looking into that,” when the opposite is the case. Nobody is really focused on this. For me, it’s cultural. The biggest concern I have in the privacy realm is that people know they’re being tracked, they know they’re being surveilled and they’re just like, “Well, what can I do, really?” And I think that’s a…

Binance Becomes the Blockchain and Cryptocurrency Industry’s First to Join the National Cyber-Forensics and Training Alliance (NCFTA) – Sponsored Bitcoin News

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sponsored Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, today announced that it has joined the National Cyber-Forensics and Training Alliance (NCFTA), a nonprofit corporation focused on identifying, validating, mitigating, and neutralizing cybercrime threats. Binance is the first organization from the blockchain and cryptocurrency industry to formally join the alliance. The NCFTA was established in 2002 to enable the responsible sharing of information and subject matter expertise with partners from private sector industries, law enforcement, and academia. Its goal is to develop and share threat intelligence as part of…

Luxor Starts Ethereum Mining Pool as Proof-of-Stake Shift Looms

CryptoX – Cryptocurrency Analysis and News Portal In recent months, the PoW consensus mechanism has received scrutiny by lawmakers globally for its energy consumption. Most recently, the U.S. held a congressional hearing to discuss the energy consumption related to the PoW. Meanwhile, the EU markets regulator called for a ban on the validation system, citing its energy intensity. Source The post Luxor Starts Ethereum Mining Pool as Proof-of-Stake Shift Looms appeared first on CryptoX. CryptoX Portal

Bitcoin Miner CleanSpark Hits 2 EH/s to Join Ranks of Top North American Miners

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Bitcoin miner CleanSpark doubled its computing power over the past three months to reach two exahash per second (EH/s), joining the ranks of top publicly traded North American miners. The Las Vegas based miner is now producing around 10 bitcoins per day “sustainably” and expects to add more capacity. “We have more capacity coming, in terms of both machines and access to additional energy,” CleanSpark CEO Zach Bradford said in a statement. “In fact, we believe we are one of the most efficient miners in terms of hashrate per megawatt…

OpenSea Trading Volume May Force Ethereum Price Crash, Expert Says

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Ethereum’s latest price decrease was fueled by increased altcoin inflows to cryptocurrency exchanges. Experts attribute the drop in Ethereum’s price to direct transfers from the NFT marketplace OpenSea. OpenSea Transaction Volume Dangerous For Ethereum According to Etherscan data, OpenSea has been unloading thousands of ETH on the market in the last few weeks. Similarly, NFT creators on the platform have profited, according to the statistics. The volume of NFT trading on OpenSea continues to climb in January. Since the start of 2022, OpenSea, the largest NFT marketplace, has seen extraordinary…