Month: February 2022

Crypto Mining Profits Are Down…Now What?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video I discuss my thoughts and strategies now that mining profits are down due to the prices of the crypto market. Links to support me: ▶️ Red Fox Crypto Discord: ▶️ Awesome Miner Referral Link: ▶️ Hive OS Referral Link: ▶️CoinTracking Referral Link: ▶️Parallel MIner Referral Link: Video Chapters: 00:00 Mining Profits Are Down 00:15 You Need to Have the Right Mindset 03:32 Changing My GPU Setup? 04:53 Selling My Mined Crypto? 05:53 Keep Calm & Mine On Crypto Miners:…

Terra’s Mirror Protocol shows first signs of bottoming after price gains 30% in 48 hours

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Mirror Protocol, a decentralized finance (DeFi) protocol built atop the Terra blockchain, was among the biggest gainers in the last 48 hours, primarily as its native token MIR rallied by over 30% to $1.48, its highest level since Jan. 22. MIR/USD four-hour price chart. Source: TradingView Has Mirror Protocol bottomed out? MIR price rose despite an absence of concrete fundamentals, a sight pretty common across crypto assets. As a result, its rally may have been purely technically-driven, especially because it originated after MIR had dropped by more than 90% in value from…

Majority Of Crypto Holders Will Hold Through An 80% Crash, New Survey Shows

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A new survey has mapped out the sentiment of crypto holders towards the present market climate. It shows how most investors are looking at the market despite the recent crash. This survey from Deutsche Bank shows that more and more crypto investors are leaning towards holding for the long-term than selling. The majority have revealed that they would not sell their holdings even if cryptocurrencies lost a large chunk of their value. Holding Crypto For The Long-Term A recent Deutsche Bank survey titled “The Future of Cryptocurrencies” has found that…

PowerTrade Management Team Explains the Benefits of Automated Market Makers – Interview Bitcoin News

PowerTrade is an easy-to-use crypto options trading platform, enabling traders to maximize ROI through an intuitive interface that provides better prices and lower margin requirements. At PowerTrade, it’s easy for anyone to get started trading with as little as $1 USD and continue trading with simple, fast, mobile-first trading for crypto options. Mario Gomez Lozada is the CEO of PowerTrade, and Richard Hodges is in charge of Trading & Risk at the company. They recently joined the Bitcoin.com News Podcast to talk about the platform, Automated Market Makers (AMMs) and…

EasyFi Introduces Blend – A New Generation of DeFi Products with Configurable Advanced Smart Contracts

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EasyFi, the multi-chain layer-2 money market protocol has introduced BLEND, a set of advanced and configurable smart contracts for DeFi 2.0 applications. Created keeping the community’s requirements in mind, these smart contracts simplify the creation of yield generating products like permissionless fixed return staking programs and more. Introduction of these permissionless advanced smart contracts is a result of EasyFi’s effort to plug a long-existing gap between the user requirement and the availability of yield generating products in the DeFi market. With EasyFi’s advanced smart contracts, anyone can launch their own…

Wormhole hack illustrates danger of DeFi cross-chain bridges

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Solana has become one of the fastest-growing smart contract blockchain networks since it was first officially launched in March 2020.  The total value locked (TVL) on decentralized finance (DeFi) protocols on the network grew from nearly $152 million in March 2021 to $8.08 billion at the time of writing, as per data from DefiLlama. Simultaneously, the network has also been subject to several network issues and outages. Most recently, the Wormhole token bridge was hit by a security exploit on Feb. 3 that culminated in the loss of 120,000 wrapped…

Colorado governor says he expects state to accept tax payments in crypto by summer

Jared Polis, the governor of Colorado, has announced that the state government plans to allow residents to pay taxes in cryptocurrencies as early as summer 2022. In a Tuesday CNBC interview, Polis said crypto holders in Colorado could have the option of sending tax payments in digital currency, which the state would then convert back into fiat. The governor said that an unnamed intermediary would likely handle the exchange of crypto to fiat. “We expect by this summer — pretty soon — to accept crypto for all of our state…

Payments Firm Stronghold Launches $100M Investment Fund Aimed at Fintech and Web 3

“Stronghold Capital will create opportunities to develop new products and business models that improve financial infrastructure for everyone,” said Tammy Camp, CEO of Stronghold, in the press release. Camp will also be the fund manager for the new capital arm. “Identifying and investing in emerging talent – especially underrepresented and undervalued founders – stands to benefit the developer community, the fintech industry and even society as a whole.” Source