Bitcoin-focused funds suffered the most, losing $132 million last week, the highest so far this year. Since the start of April, bitcoin funds have suffered a cumulative $310 million of redemptions, though for 2022 to date the funds are still sitting on a cumulative $120 million of net inflows. Original
Bitcoin pushes up on the last day as the market prepares for the upcoming speech from the U.S. Federal Reserve (FED) Chairman Jerome Powell. Despite the recent gains, the general sentiment in the crypto market remains bearish. Related Reading | Bitcoin Seen Dropping To $32K – But Not This Month – As Analyst Sees It Hitting $48K At the time of writing, Bitcoin trades at $38,800 with a 1.5% profit in the last 24-hours. BTC moving sideways on the 4-hour chart. Source: BTCUSD Tradingview The first cryptocurrency by market cap could…
Lido Finance momentarily became the leading DeFi protocol by TVL on Wednesday, leapfrogging Curve. Source
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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Texas Bitcoin mining facilities will be conserving power during this week’s winter storm. The Riot Whinstone mining facility is in Rockdale, an hour from Austin. STORY: KVUE is Austin’s ABC affiliate station, and has been delivering local news for Central Texans since 1971. Today it is owned by TEGNA, Inc., which reaches approximately one-third of all television households in America. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
As more of the world moves onto blockchains, it is becoming increasingly important that users are able to store large amounts of data cheaply and quickly on-chain. One team working to make this vision a reality is Bundlr, which announced a $5.2 million funding round on Wednesday for its bid to help scale up blockchain storage solution Arweave. Source
I was a bit ashamed about always talking enthusiastically about crypto, so when I asked to borrow money I said something like, “Hey, I have this problem with my bank account.” Or since people knew that I had my own business, I’d say something like, “Hey, I’m waiting for money from this client.” Or maybe “I’m just waiting for a few invoices to clear, so I just need a bit of money for this one-off situation.” And then I’d use that money for crypto. Source
It’s been six months or roughly 180 days since bitcoin reached an all-time high at $69K per unit on November 10, 2021, and bitcoin’s USD value is down 45% from that point. Typically after bitcoin’s price tops, the bear market that follows leads to a large 80% or more decline in value. However, because the recent price top resembles the growth from April 2013 to November 2013, bitcoin’s current bearish decline may not be so large this time around. An 80% Drop From Bitcoin’s High Would Lead to $13,800 per…
The NFT market is thriving, actually. Once again, the Wall Street Journal makes a fool of itself by tackling subjects beyond the publication’s comprehension. The author declares “the NFT market is collapsing,” citing suspicious numbers and two cases of bad trades as proof. And then, to top it all off poses a terrible theory. The “NFT Sales Are Flatlining” article is embarrassing beyond belief. Disclaimer: The following op-ed represents the views of the author, and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and…
CryptoX – Cryptocurrency Analysis and News Portal The owner of the first Bored Ape-themed restaurant explains himself. Original Source The post Bored & Hungry in Crypto: Why This Burger Joint Wants to Use ApeCoin appeared first on CryptoX. CryptoX Portal