Day: February 1, 2022

Ethereum Makes Seventh Milestone 50% Drawdown

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Ethereum rides ahead on the crypto market’s most recent trend to the upside. As of press time, ETH, BTC, and larger cryptocurrencies show signs of recovery with potential for continuation in the short term, if they manage to break above their resistance levels. Related Reading | Ethereum Price Surges 30% Over Last Week Lows, Addresses Holding Over 0.1 ETH Reach New ATH As of press time, Ethereum (ETH) trades at $2,788 with a 6.5% profit in the last 24 hours. ETH with small profits in the 4-hour chart. Source: ETHUSD…

MicroStrategy Takes $147M Impairment Charge on Bitcoin Holdings in Q4

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MicroStrategy (MSTR) reported a non-cash digital asset impairment charge of $146.6 million in the fourth quarter, up from $65.2 million in the prior quarter, according to its latest earnings statement. The impairment reflects the decline in the price of bitcoin versus the price at which the bitcoin was acquired. Under standard accounting rules, the value of digital assets such as cryptocurrencies must be recorded at their cost and then only adjusted if their value is impaired, or goes down. But if the price rises, that does not get reflected until…

Bitcoin price closes in on $40K, but pro traders are still skeptical

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The Bitcoin (BTC) daily price chart seems to be making a steady recovery pattern, but some concerning indicators are coming from derivatives markets. At the moment, the futures and options markets are showing a lack of confidence from Bitcoin pro traders, but there’s a positive spin to the data. Bitcoin price at Coinbase, USD. Source: TradingView The road to $40,000 seems uncomfortably predictable, and cryptocurrency traders usually call it “manipulation” when such price movements happen. If you #bitcoin around that region, just be careful. A picture speaks a thousands words…

Why crypto market Crash | altcoins going down | Best Cryptocurrency To Invest 2021 | Top Altcoins

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Join Me on Telegram ➡️ Hello, friends in this video Ill cover why the crypto market going down and when the crypto market will go up. and also cover what is whales wallet. #cryptocrash #cryptoban #cryptonews #bitcoin #cryptocrash #whycryptomarketdowntoday Connect with Me! Join Me on Telegram ➡️ Join Me on Twitter ➡️ Join Me on Instagram ➡️ Website ➡️ Topic Covered: india ban cryptocurrency cryptocurrency in india cryptocurrency ban in india cryptocurrency news china ban cryptocurrency ban on cryptocurrency crypto market down…

SEC’s proposed rule on exchanges could threaten DeFi, says Crypto Mom

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Hester Peirce, a commissioner for the U.S. Securities and Exchange Commission known by many in the space as Crypto Mom, is warning that a proposed rule from the agency could potentially affect the regulation of firms involved with decentralized finance. According to a Tuesday Bloomberg report, Peirce said that the 654-page proposal recently released by the SEC to amend the definition of “exchange” as defined by the Securities Exchange Act of 1934 could impact the digital asset space. The SEC commissioner reportedly opposed opening the proposal to public comment and…

Blockchain Software Firm Consensys Acquires Mycrypto Ethereum Wallet – Wallets Bitcoin News

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On February 1, the blockchain infrastructure firm Consensys has revealed it has acquired the Ethereum-based wallet Mycrypto and plans to merge the wallet into Metamask. The price Consensys paid for Mycrypto was not disclosed but the announcement notes that the acquisition will “further improve the security of all the products.” Consensys Obtains Mycrypto Ethereum Wallet, Plans to Merge With Metamask in the Future Consensys has acquired the Ethereum-based wallet Mycrypto for an undisclosed sum according to an announcement released on Tuesday. The deal aims to strengthen the company’s Ethereum wallet…

With ‘NFT All-Stars,’ Two Crypto Art Veterans Take the Conversation Further

Jason Bailey: There wasn’t ever a scripted thing. In fact, it was almost like an anti-script, where Adam [Levine, the show’s producer] was like, “I want it to feel like a casual conversation.” And we knew that we had a target audience that we couldn’t get overly technical with, which is hard, because I think both Marguerite and I are nerds, in different ways. An audience that we had to maybe assume was new to NFTs. Source

With ‘NFT All Stars,’ Two Crypto Art Veterans Take the Conversation Further

Jason Bailey: There wasn’t ever a scripted thing. In fact, it was almost like an anti-script, where Adam [Levine, the show’s producer] was like, “I want it to feel like a casual conversation.” And we knew that we had a target audience that we couldn’t get overly technical with, which is hard, because I think both Marguerite and I are nerds, in different ways. An audience that we had to maybe assume was new to NFTs. Source

Bullish or Bearish? 2022 Markets Started Rough, but It Wasn’t Just Crypto

CryptoX – Cryptocurrency Analysis and News Portal Today on “The Breakdown,” NLW looks at what the first month of the year taught us about what to expect in 2022. Overall, he argues that the most important megatrend was the shift from risk-off to risk-on as the U.S. Federal Reserve looks towards quantitative tightening later in the year.  He looks at: Original Source The post Bullish or Bearish? 2022 Markets Started Rough, but It Wasn’t Just Crypto appeared first on CryptoX. CryptoX Portal