Day: March 25, 2022

Greener Bitcoin Mining Could Be China’s ‘Trillion-Dollar Present’ to the US

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When a miner wins a block reward of Bitcoin, it is issued a matching amount of sustainable Bitcoin certificates (SBCs), which, like Bitcoin, are on-chain tokens divisible by 100 million. These tokens can be held or uncoupled from the Bitcoin coinbase and sold to institutional investors and ESG-focused investors, who can then match these to their Bitcoin holdings. Next month, the protocol will carry out its first end-to-end transaction from distribution of SBCs to a miner, to those being sold on to an ESG-focused investor, van Voorhees said. Original

ProShares ETF’s Bitcoin stash hits $1.27B as BTC eyes $50K by mid-April

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Strong inflows into the ProShares Bitcoin Strategy ETF (BITO) in the past two weeks pushed its Bitcoin (BTC) exposure to a new record high. No Bitcoin outflows despite ‘rollover’ risks The fund, which uses futures contracts to gain exposure to Bitcoin’s price movements, had a record 28,450 BTC under its management — worth about $1.27 billion at today’s price — as of March 24, compared to nearly 26,000 BTC a month before, according to official data from ProShares. ProShares Bitcoin ETF holdings as of March 24, 2022. Source: Official Website Interestingly, the…

Do you believe in Ethereum killers? Put your money where your mouth is, March 18–24

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While crypto markets are still in a state of “fear,” as evidenced by Bitcoin’s Fear & Greed Index, the industry as a whole is giving us reasons to be bullish. Large venture funding rounds, growing adoption of decentralized governance models and new institutional-grade product offerings suggest that crypto is more than just daily chart patterns.  This week’s Crypto Biz newsletter looks at a new Grayscale product that’s giving accredited investors more ways to bet on the so-called “Ethereum killers.” We also document two funding stories and draw your attention to…

BITCOIN 🔥 VA VERS LA LUNE… ( mais tu ne le vois pas encore ! )

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Pour faire un don en EURO ou en BITCOIN : Pour faire un don en BTC / Bitcoin: 1Q87XPt9PMjTCeFhEgN4FaqSwTfSqm6b3C _____________________________ Le BTC serait peut être sorti de sa baisse , nous abordons une analyse graphique bearish et bullish ensemble ! Nous voyons en détail chaque support, résistance, et figure envisageable durant ce fameux dump ou pump BITCOIN ! _______________________________ Mes analyses ne sont que mon point de vue du marché, il ne faut pas prendre ce que je dis comme conseil financier…

El Salvador’s President Meets Binance CEO to Discuss Bitcoin Adoption

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Quick take: President Nayib Bukele met with Binance CEO, Changpeng Zhao Bitcoin was a key topic at the meeting The two also discussed the importance of crypto regulation, crypto adoption and an increase in blockchain education CZ had earlier met the President of Uruguay, Luis Lacalle Pou Earlier today, the President of El Salvador, Nayib Bukele, met the CEO of Binance, Changpeng Zhao, to discuss several topics revolving around Bitcoin, cryptocurrencies and blockchain technology. According to the team at Binance, President Bukele and CZ ‘enjoyed a wide-ranging conversation on the…

Exponential Software Requires Exponential Hardware

Everyone has slightly different imaginations of what Web 3 will ultimately look like. Regardless of your specific vision, if you believe in the Web 3 thesis of decentralization, open-source, permissionless access to the internet, you believe that eventually hardware workloads will get optimized. Right now, it is definitely not optimized, but as our demands continue to grow, technology continues to mature and so will the hardware that the next generation of the internet will be built upon. Source ExponentialHardwareRequiresSoftware CryptoX Portal

Ethereum price hits $3.2K as anticipation builds ahead of the ‘Merge’

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The week-long uptrend in the cryptocurrency market has begun to awaken bullish crypto investors and the successful March 15 launch of the Ethereum “merge” on the Kiln testnet has the community excited about the upcoming switch to proof-of-stake (POS).  Data from Cointelegraph Markets Pro and TradingView shows that since the successful launch on Kiln, the price of Ether has climbed 25% from $2,500 to a daily high at $3,193 on March 25 as traders look to lock in their positions ahead of the merge. ETH/USDT 1-day chart. Source: TradingView Here’s…

Ethereum Could Grow More Than $6,000, Bloomberg Analyst Says

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Ethereum had always had its price be a strong bone of contention among investors. While some may believe that the digital asset is overvalued, others believe that the cryptocurrency is yet to fulfill its potential. One of those is Bloomberg analyst Jamie Coutts, who has revealed a very bullish forecast for the digital asset, saying it would grow more than 100% from its current price. Ethereum At $6,000? Coutts has expressed a very positive outlook for the second-largest cryptocurrency, Ethereum. Like others before him, the Bloomberg analyst sees the cryptocurrency’s…

Crypto tax policy framework passes India’s parliament despite pushback from lawmakers

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A tax framework on cryptocurrencies introduced by India’s Finance Minister Nirmala Sitharaman will become law in the country after being passed as an amendment to the Finance Bill. On Friday, India’s lower house of parliament, the Lok Sabha, passed the 2022 Finance Bill, which included 39 amendments proposed by Sitharaman. The amendment on crypto established a 30% tax targeting digital asset and nonfungible token transactions and did not allow for deductions from trading losses while calculating income. In addition, taxpayers in India will have an additional 1% tax deducted at…