Day: March 16, 2022

The FED, Inflation, And Global Adoption

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Crypto assets saw some wild swings in the day and are now trading to the upside. Risky assets are reacting to the FEDโ€™s decision to raise rates by 25-basis points, and the increasing global adoption might be adding weight to the boost. Related Reading |ย Expectations Of Aggressive FED Drop, Hereโ€™s Why Bitcoin Could Rise To $50K What Hikes? Crypto Reacts To The FED The Federal Reserve just lifted rates 25 basis points, raising rates for the first time since 2018. Six more hikes are expected in 2022. The markets have…

Blockchain can take the power back for artists

Cointelegraphโ€™s senior reporter, Rachel Wolfson visited South by Southwest (SXSW) โ€” a ten-day annual technology, film and music festival based in Austin, Texas โ€” to connect with, and interview, a melting pot of pioneers, luminaries, and enthusiasts from the crypto, blockchain and Web3 industries. Wolfson spoke toย Darryl McDaniels โ€” known culturally as DMC โ€” founding member of the infamous New York hip-hop trio Run-D.M.C, about the group’s illustrious discography, his views on theย capitalistic-induced flaws within the traditional music industry, as well as his overarching vision in collaboration with blockchain project…

Riot Blockchain Sees 2022 as Year of Consolidation in Bitcoin Mining Sector

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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

Small Cap Altcoins In The Green In Pre-Spring Crypto Surge

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Crypto is characterized by its highly volatile nature and even though the digital assets in this space have continued to live up to this reputation, investors remain undeterred. It is still one of the fastest-growing financial markets in the world with predictions of accelerated growth in the coming years. Recently, the space has slowed down significantly and as such, has seen declining values in the assets. Despite this, not all digital assets in the crypto space have suffered. Just like there are times where there is an exception to the…

FED Announcement Pushes Bitcoin Up, Will BTC Sustain Momentum?

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Market expectations were met as the U.S. Federal Reserve (FED) announced an interest rate hike of 25 bps pushing Bitcoin into the green. The cryptocurrency was hinting at bullish price action during the week, as todayโ€™s Federal Open Market Committee (FOMC) closed in. Related Reading |ย Mike Novogratz: Bitcoin Price To Range Between $30k-$50k Throughout The Year At the time of writing, Bitcoin trades at $41,300 with 5% profits on the last day. BTCโ€™s price was able to break above this price point after a brief period of volatility as FED…

Bitcoin mining is a lot like reindeer mating ๐Ÿช™๐Ÿ’–๐ŸฆŒ

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Watch the new season of MinuteBody – and get access to both CuriosityStream and Nebula – at Bitcoin and other blockchain technologies, like NFTs, work a lot like reindeer mating. LEARN MORE ************** To learn more about this topic, start your googling with these keywords: – Bitcoin: a digital currency known as a cryptocurrency, which uses a proof-of-work consensus to validate transactions and create new units of Bitcoin. – Proof-of-work: a decentralized consensus mechanism that requires members of a network to expend…

Klaytn token down 15% in a month, but network’s TVL shows resilience

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Klaytn (KLAY) had a promising start in March 2021, reaching an impressive $11 billion market capitalization following its debut. However, investors have exaggerated their expectations as the token’s current total value stands at $3 billion, down roughly 70%. KLAY/USD on Binance. Source: TradingView Although not as well known as the leading smart contract blockchains, Klaytn remains a top-35 token by capitalization rank. Moreover, the network holds $1.2 billion worth of deposits locked on smart contracts. Capital locked on smart contracts is known in the industry as total value locked, or…