Day: April 7, 2022

Samson Mow introduces new nation-state adoption for crypto in Bitcoin 2022

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Speaking at the Bitcoin 2022 conference in Miami, Samson Mow, former chief strategy officer of Blockstream, named three new jurisdictions that would be adopting or proposing to adopt Bitcoin (BTC) as legal tender. As told by Mow, the first is that of the Caribbean island Roatán, which is part of Honduras. Honduras Prospera Inc. is the organizer and promoter of the jurisdiction. The entity’s president, Joel Bomgar, told the audience:  “Bitcoin within Prospera operates as legal tender. That means no capital gains tax on BTC, you can transact freely using…

Is a RTX 3090 worth the money for Bitcoin Mining right now?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Hello, friends! In this video, let’s talk about the RTX 3090, and if it is worth the money for bitcoin mining right now or not! With video card prices way higher than normal, is the rtx 3090 gpu still good at all for cryptocurrency mining, or are other graphics cards better for the money in 2021? Let’s compare this with several GTX 1060 6 GB cards, and why the 3090 is amazing, but might not be the best for the money! #BTC…

Quant Explains How Bitcoin Funding Rate Predicted The Latest Top

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A quant has explained how the Bitcoin funding rate (72 hour) may be able to correctly signal tops and bottoms in the price of the crypto. Bitcoin Funding Rate May Be Able To Indicate Tops And Bottoms In The Market As explained by an analyst in a CryptoQuant post, the 72-hour version of the funding rate looks to have been effective at pointing out tops and bottoms in the BTC market. The “funding rate” is the periodic payment that Bitcoin futures traders (either long or short) have to make between…

Cash App users can now invest paychecks into Bitcoin

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At the Bitcoin 2022 conference in Miami on Thursday, Cash App announced a new feature for U.S. customers that will allow them to automatically invest a portion of their direct deposit paychecks into Bitcoin (BTC). The mobile payment service run by Jack Dorsey’s Block, formerly known as Square, will enable Cash App Visa Cash Card users to opt into this “Paid in Bitcoin” feature at no cost. Cash App’s Bitcoin product lead Miles Suter, who made the announcement Thursday, explained that any percentage from 1% to 100% of their direct deposits can…

Cash App Introduces Paid in Bitcoin, BTC Roundup and Lightning Network Services – Bitcoin News

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At the Bitcoin 2022 conference in Miami, Block, Inc., formerly Square, Inc., announced three new bitcoin services for the company’s mobile payment platform. The mobile payment platform Cash App will feature a “paid in bitcoin” service that allows users to auto-invest their work pay into bitcoin. Cash App Adds 3 New Bitcoin Services Jack Dorsey’s Block announced in Miami that the Cash App mobile payment system will offer three new features. The San Francisco company explained that the first feature will be a “paid in bitcoin” service that allows people…

Stronger dollar prospects risk pushing down Bitcoin price to $32K

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The U.S. dollar’s ability to continue its rally in Q2 could prove fatal for Bitcoin (BTC), which has demonstrated inverse correlation with the dollar since January 2022. BTC/USD daily price chart featuring correlation with DXY. Source: TradingView Dollar paints “bull flag” The U.S. dollar index (DXY), which measures the greenback’s strength against a basket of foreign currencies, reached its 21-month trading high of 99.82 on April 7, the highest level since May 2020.  The index now looks poised to continue its upside move further as it breaks out of a…

WHAT IS THE WORST CASE SCENARIO FOR THE CRYPTO MARKET?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io What is the worst-case scenario for the crypto market? At this point, the majority of retail investors have been totally wiped out and most of the markets are bearish. The overall market sentiment is that of extreme panic and many wish they had never entered the crypto market in the first place. But what does the technical analysis say? Almost all momentum oscillators are reset, Bitcoin is re-testing the descending trendline as support. If we lose that level, there will be 3…

HBAR Foundation launches a $250M metaverse fund to enhance consumer brand adoption

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The HBAR Foundation, a not-for-profit independent organization of distributed ledger firm Hedera Hashgraph, has announced the establishment of a $250 million dollar metaverse fund to drive consumer brand adoption of tokenized Web3 applications. The foundation’s team has identified applications within both the Web3 and Hedera ecosystems that build direct from business-to-consumer and act as a reciprocal middle-man between all parties for the metaverse fund to focus their efforts across four sectors: blockchain gaming, the brands and collectibles market, sporting experiences and institutional metaverse opportunities. The fund’s inaugural recipient, Sayl, operates an owner…