Month: March 2022

Is bitcoin mining still profitable in 2022?

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Hello, friends! In this video, letโ€™s talk about Is bitcoin mining still profitable in 2022? This matters for bitcoin mining in 2022 especially as bitcoinโ€™s price moves, so letโ€™s take a look at this bitcoin mining topic for today. #bitcoinmining #bitcoin #bitcoin2022 This video reflects my opinion only; numbers and data are approximate and may become inaccurate as time passes.This video may not be objectively accurate. Itโ€™s just my opinion. Images used are for educational purposes only. Videos provide host(s) commentary on…

Bitcoin well positioned to help governments create cheaper CBDCs: Deloitte

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A new study from financial services giant Deloitte highlighted the potential of Bitcoin (BTC) as a base to create a cheaper, faster and more secure ecosystem for electronic fiat currency or central bank digital currency (CBDC). Deloitteโ€™s analysis, titled State-Sponsored Cryptocurrency, pointed out the need for a complete redesign of the traditional fiat ecosystem to overcome impending issues of being โ€œslow, error-prone and expensive relative to performance in other high-tech industries.โ€ However, the report pointed out five key areas where Bitcoin can help traditional fiat currency improve drastically โ€” speed,…

Binance temporarily halts Polygon deposit and withdrawal to sync nodes

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Binance, the worldโ€™s biggest crypto exchange by trading volume, announced earlier on Tuesday that it will be temporarily pausing deposits and withdrawals for Polygon (MATIC) Network. The announcement came in the wake of the Polygon networkโ€™s outage since March 11 after a network upgrade. The crypto exchange noted that it would reopen the deposit and withdrawal features once the network becomes stable. Polygon network is a layer-2 Ethereum scaling solution that boasts millions of users and an evolving ecosystem. The network underwent an essential upgrade on one of the three…

FTX Europe Increases Global Reach, Receives License to Operate VA Exchange in Dubai

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To enhance its presence in the global financial ecosystem, FTX Europe and MENA (FTX Europe) announced today that the company has received a license to establish and operate its Virtual Asset (VA) exchange and Clearing House services in Dubai. Q4 2021 volumes have gone up or down and how much? In the global virtual asset ecosystem, Dubai is the only leading economy that has an independent regulatory environment under its recently announced Virtual Asset Regulatory Authority (VARA). Through the virtual exchange license, FTX will be able to assist clients with…

FTX crypto exchange wins license in Dubai to open local headquarters

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Major global cryptocurrency exchange FTX is expanding operations in the United Arab Emirates by receiving a virtual asset license in Dubai. The license is apparently granted under a new cryptocurrency law adopted last week in Dubai, with Dubai Virtual Asset Regulatory Authority (VARA) becoming a major crypto regulator in the Emirateโ€™s special development and free zones. According to FTX founder and CEO Sam Bankman-Fried, FTX has received the โ€œfirst and so far onlyโ€ digital exchange license from Dubai. Binance has also obtained a crypto license in Dubai under the same…

This Will Destroy 98% Of The Cryptocurrency Market!

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Gaming industry to have a ‘blockchain-connected’ future, studio execs say

With blockchain slowly finding its way into the video gaming industry, sector veterans and executives of nonfungible token (NFT) blockchain WAX believe that there will be more connections between games and blockchain networks in the future. In a Cointelegraph interview, WAXย head of publishing David Kim and WAX Studios head of game studios Michael Rubinelli shared their insights on NFTs, the metaverse and blockchain gaming. According to Kim, despite having less search interest on Google, engagement with games, the metaverse and NFTs is not dead. โ€œOn the WAX blockchain, we saw…

Bitcoin sees ‘mother of all consolidations’ as $40K BTC price squeeze fails

Bitcoin (BTC) saw a fresh brief short squeeze overnight on March 15 with bulls still attempting to crack $40,000 resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders uninspired by market composition Data from Cryptox Markets Pro and TradingViewย showed BTC/USD reaching highs just short of the psychological barrier Tuesday before returning to previous levels. The now all-too-familiar โ€œBartโ€ formation followed news that the European Union had rejected a regulatory mechanism to ban Proof-of-Work algorithm cryptocurrencies. The move, while significant, had nonetheless produced little relief in BTC price action. โ€œAltcoins are…