Day: February 21, 2022

BTC price falls below $38K as Tencent leads worst China tech rout since July

Bitcoin (BTC) kept falling lower on Feb. 21 as $38,000 became the latest level to fail the test for bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $40,000 eyed as BTC relief bounce target Data from Cointelegraph Markets Pro and TradingView painted a grim picture for BTC/USD Monday, as $38,000 support abruptly vanished after holding throughout the weekend. #BTC Update 1h TF First retest of key trendline since reclaim @ $38,5k Current range $36,6k – $37,8k pic.twitter.com/sjxUv7AGlV — AN₿ESSA (@Anbessa100) February 21, 2022 While threatening to invalidate analysts’ hopes of a…

Russian Government Introduces Crypto Bill to Parliament Over Central Bank Objections

The announcement highlights the policy split with the Bank of Russia, which opposes regulation and would rather see cryptocurrency trading and mining banned. The central bank, which has been pushing forward the pilot of its central bank digital currency, the digital ruble, has suggested punishing crypto trading and issuance with fines up to 500,000 rubles (US$6,360) for individuals and 1 million rubles for companies, the Tass news agency reported. Source

Mining Bitcoin / Ethereum With RTX 3080 on Aorus 15G Laptop

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Looking for mining GPUs is almost impossible, so I had to be more creative to get my hands on them. Then I saw the Aorus 15G laptop with the RTX 3080 inside. I had to give it a try to see how much can I make mining on it. My Alienware 17R with 1080 was about to retire anyway so that was a perfect time for me to buy a new one (it ended up dying by the time I finished making…

How to Recover $100 Billion in Lost Crypto Wallets

KeychainX AG is a Swiss based crypto recovery company helping people access lost crypto since 2017. The company also has a patent pending keyless crypto wallet based on geographical and bio metrics using social recovery. Robert Rhodin is the CEO of KeychainX. He recently joined the Cryptox.trade News Podcast to talk about the possibilities of recovering $100 billion in lost crypto wallets, as well as best security practices, dangerous hacks, bugs and much more. KeychainX, it is a cryptocurrency wallet recovery service operating since 2017. The company recovered wallet keys…

Happy to be regulated? Fallout from BlockFi settlement is a matter of speculation

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It might seem unlikely that BlockFi founder and CEO Zac Prince would describe a prosecution that resulted in a $100-million fine for his company as “a win not only for BlockFi but for the broader cryptocurrency industry,” but that is indeed what he said. And, he might be right, although it remains to be seen for now.  The settlement Founded in 2017, BlockFi is a New Jersey-based crypto financial institution with a team of 850 and one million clients worldwide. Its popular BlockFi Interest Account product, with half a million…

As Bitcoin Dips, Inflation ‘Breakevens’ Offer Hope to Bulls

“Online player communities thrive on an active and contributing user base. The Axie Comunity has a very strong online presence and averages more than 2 million daily active users, which attracts players. These numbers are similar to DOTA2, League of Legends (LoL), and MMORPG. Traders, like gamers, also seek a community that can offer avenues where they can get more done as a group,” Rangnekar added. Source

Here’s what crypto industry veterans expect

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As the total cryptocurrency market capitalization dipped below $2 trillion last week, major crypto executives have been increasingly talking about a potential continuous bear market or a “crypto winter.” Contrary to the expectations of many in the crypto market, Bitcoin (BTC) failed to surge above $68,000 in 2021 and continued dropping below $40,000 in early 2022, causing significant losses for big crypto investors such as MicroStrategy. However, a possible crypto winter could be pretty helpful for the industry by giving a boost in improving the technology, according to Vitalik Buterin,…

Kazakhstan likely to lose Bitcoin hash rate leadership in next index update

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Kazakhstan, one of the world’s top Bitcoin (BTC) mining locations, is likely to lose its BTC hash rate share leadership in the next hash rate distribution update, according to industry experts. According to Cambridge Bitcoin Electricity Consumption Index (CBECI), Kazakhstan was housing over 18% of the world’s BTC hash rate as of August 2021, following only the United States. Kazakhstan’s BTC mining power increase was partly driven by the massive Chinese miners’ exodus triggered by China’s cryptocurrency crackdown. Prior to falling to zero as of August 2021, China’s BTC hash…

Pro-Bitcoin president of El Salvador to offer citizenship for foreign investors

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Salvadoran President Nayib Bukele wants to offer citizenship to those who invest in the small Central American nation. President Bukele took to Twitter to inform the crypto community on Sunday that he was sending a list of 52 legal reforms to Congress. Among the most notable proposals, Bukele called for the removal of red tape, reducing bureaucracy, creating tax incentives and, most importantly, offering citizenships to foreigners looking to invest in the nation. I’m sending 52 legal reforms to congress, to remove red tape, reduce bureaucracy, create tax incentives, citizenship…