Day: February 22, 2022

30% Of Bitcoin Supply Enters Into Loss As Price Continues Decline

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On-chain data reveals more than 30% of the Bitcoin supply has entered into losses as the price of the crypto continues to decline. Less Than 70% Of Bitcoin Entities Are Now In Profit As per the latest weekly report from Glassnode, the percentage of BTC entities in profit has severely dropped recently as the value now oscillates between 76% and 65%. The “percent of entities in profit” is an indicator that measures the percentage of Bitcoin investors that are currently in profit. The metric works by looking at each coin…

Mining Round Table [Ep. 09] | At Home Crypto Mining Grow Tents, Dual Mining With GPUs and More!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Mining Round Table is a Weekly Podcast Style Show revolving around the World of Amateur Crypto Miners! Mining Round Table features host @ChumpChangeXD , @Red Fox Crypto and The @The Hobbyist Miner. We discuss being safe when being in the Crypto Currency Space, Grow Tents and GPUs! This includes talking about Ethereum 2.0 and some FPGA stuff with @Red Fox Crypto! Enjoy today’s entertainment! 📺Videos & Links Mentioned in Today’s Video: 🎦 Red Fox Crypto: Youtube.com/c/RedFoxCrypto​ 🎦 The Hobbyist Miner: Youtube.com/c/TheHobbyistMiner 🎮…

XRP Falls 10%, as ANC Climbs Higher – Market Updates Bitcoin News

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XRP fell by over 10% on Tuesday, as bearish pressure once again intensified in crypto markets. As of writing, the global cryptocurrency market capitalization was almost 5% lower, following marginal gains this morning. Biggest gainers The bleeding in crypto markets continued this afternoon, as such, it was difficult to find any remaining bulls due to the sea of red candles. Relatively speaking, there were a few which managed to stand out, the most notable of them being anchor protocol. As of writing, anchor protocol (ANC) is up almost 9%, after…

Grayscale launches campaign to encourage public comments on Bitcoin ETF application

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As the U.S. Securities and Exchange Commission is considering whether to approve or deny asset manager Grayscale’s application for a Bitcoin spot exchange-traded fund (ETF), the firm has called on American investors to submit comments to the regulator. In a Tuesday Twitter thread, Grayscale CEO Michael Sonnenshein announced the launch of an advocacy campaign for U.S.-based investors to speak their minds to the SEC before any final decision is reached on the Bitcoin (BTC) investment vehicle. Since the NYSE Arca filed with the regulatory body on Oct. 19 to list…

Cardano Daily Transaction Volume Up, But ADA Prices Remain Sluggish

Cardano is now positioning itself among the rapidly growing blockchain networks by 24-hour transaction volume, surpassing Ethereum and threatening to surpass Bitcoin. Along with this demand, however, is its soaring price. The total number of transactions on Cardano has increased at around 500%, skyrocketing from 5.5 million in March last year to around 32 million this month, according to Google’s Cardano Blockchain Insights. ADA, Cardano’s internal cryptocurrency, currently has a total market cap of $29.245 billion. It is listed on the No. 7 spot in CoinMarketCap’s rankings of the leading…

Liberty Gaming Guild (LGG) and Indonesia’s Top Football Club, Persib Bandung, Partner to Make Play-to-Earn Games More Accessible

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Liberty Gaming Guild (LGG), a next-generation barrier-breaking project aiming to make play-to-earn gaming more accessible to global gamers, and Persib Bandung, a top Indonesian Football club, have joined forces. The Liberty Gaming Guild (LGG) and Persib Bandung Partnership The announcement states that both parties are ecstatic and are optimistic it would be immense for their development. LGG is especially looking forward to impacting the broad Persib Bandung fan base in Indonesia and Southeast Asia. A core part of LGG’s mission is to make play-to-earn gaming and the metaverse more accessible…

How Lithium Ventures Leverages Overallocation For Improved Returns

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The cryptocurrency space is growing at a rapid pace and keeping tabs on all the projects being launched could be a challenge for most investors. Most importantly, the crypto market has witnessed explosive growth in the number of scams and rug pulls. This has caused a huge issue in preventing the mass adoption of blockchain technology and the growth of Web 3.0 protocols. It is easy to understand that in the crypto space, the earliest investors win big. As such, many investors rush to buy tokens or invest in them…

The Secret Sauce Of Edensol’s NFT Gaming Revolution

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NFT gaming is on fire: Prices for NFT land plots are estimated to have risen on average 400% to 500% between September 2021 and January 2022. The “big four” NFT metaverses – Decentraland, Somnium Space, Cryptovoxels and Sandbox – will double their NFT revenues in 2022. On February 20th, Axie Infinity, the world’s leading NFT game, announced that it had surpassed $4 billion in all-time NFT sales. Within the NFT gaming space, an even more powerful trend is emerging: crypto gaming guilds. What are they? They are organized groups of…

Why Bitcoin Won’t Crack Over Fresh Bear Assault, Next Target For BTC

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Bitcoin continues to trade to the downside after it was rejected at around $45,000 last week. The crypto market, in general, has been following a downtrend with Ethereum (ETH), Binance Coin (BNB), XRP, Cardano (ADA), and others recoding over 10% losses in the past 7-days. Related Reading | Bitcoin Prices Bear The Brunt Of Long Liquidations And Geopolitical Tensions At the time of writing, Bitcoin trades at $37,638 with a 12% loss over that period. BTC trends to the downside on the daily chart. Source: BTCUSD Tradingview The benchmark crypto…