Day: April 21, 2022

Bitcoin Rise Loses Steam After Fed Comments

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โ—Bitcoin (BTC): $41235, +0.23% โ—Ether (ETH): $3027, โˆ’1.27% โ—S&P 500 daily close: $4394, โˆ’1.47% โ—Gold: $1954 per troy ounce, +0.06% โ—Ten-year Treasury yield daily close: 2.92% Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Original

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Bitcoin Holds Steady As US Extends Sanctions Against Russia To Cryptocurrency Mining

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Sanctions are being imposed on cryptocurrency mining companies for the first time in history. The US Treasury Department announced that it is taking action against virtual currency mining companies across Russia. This information came out when IMF issued a statement saying, โ€œthe Kremlin may employ these activities to avoid compliance with international economic punishment.โ€ In the wake of recent sanctions, cryptocurrencies have been barely affected. Bitcoin consolidated its gains while โ€˜altcoinsโ€™ also performed in green. Related Reading | Crypto Quick Look: BTC Touches $42,000, ETH Notches10-Day Peak For example, Bitcoin…

US lawmakers sound alarm to EPA over environment concerns of crypto mining

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United States House of Representatives member Jared Huffman and 12 other lawmakers have requested the Environmental Protection Agency, or EPA, assess crypto mining firms potentially violating environmental statutes. In a letter addressed to EPA administrator Michael Regan on Wednesday, Huffman said he and other Democratic House members had โ€œserious concernsโ€ around crypto firms in the United States reportedly contributing to greenhouse gas emissions and not operating in accordance with either the Clean Air Act or the Clean Water Act. The lawmakers identified efforts to โ€œre-open closed gas and coal facilitiesโ€…

Tezos co-founder Arthur Breitman discusses the untapped potential of DeFi

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Arthur Breitman, the co-founder of layer-1 protocol Tezos (XTZ), spoke with Cointelegraph’s Jackson DuMont at the Paris Blockchain Week Summit (PBWS) last week about what it would take to unlock the true potential of decentralized finance, or DeFi. Breitman delivered a keynote speech following this interview about the company’s strategy. Related:ย Paris Blockchain Week, April 14: Latest updates from the Cointelegraph team on the ground According to Breitman, “people haven’t really tapped into DeFi for real-world assets being tokenized.” When he says real-world assets, he means stocks, real estate, digital art…

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Calling Out the Sexism in Bitcoin, Crypto

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โ€œ[Rhymes-with-mitt-coin] influencers in 2022, where bitcoin maximalism is blatant and obvious, have no moral compass,โ€ he writes, holding that small corner of crypto to account. Bitcoiners, an emergent identity formed around an immaterial object, are fighting not only for a world where money cannot be debased, but people and culture, too. Original

Bitcoin Nearly Hits $43K, Trades at 10-Day High

“Bitcoin price action has continued to whipsaw between a wider range of $38 – $47,000 which has thus far remained intact since the beginning of the year,โ€ said Tammy Da Costa, analyst at DailyFX, โ€œDue to the high correlation recently seen between bitcoin and tech stocks, there was a degree of concern about how crypto would react. However, bulls held ground above short-term support at the $40,000 level which now brings the psychological level of $44,000 into play.โ€ Source