Day: May 28, 2022

Russia Considers Using Cryptocurrencies for International Settlements – Bitcoin News

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Authorities in Russia are mulling over the possible use of digital currencies for international payments, a high-ranking official from the finance ministry has indicated. If recognized as property, he noted, cryptocurrency can be utilized in barter deals with foreign partners. Finance Ministry Suggests Russia May Employ Crypto in International Trade The possibility of using cryptocurrencies in international settlements is under consideration at the Ministry of Finance of Russia since the country’s access to the traditional payment channels is limited, Ivan Chebeskov, director of the ministry’s Financial Policy Department announced, quoted…

How much money can you make mining BITCOIN with a 3080TI Graphics Card?

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Bitcoin price stuck below $29K as Terra LUNA comes back from the dead

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Bitcoin (BTC) analysts faced another day of frustration on May 28 as BTC/USD refused to offer volatility up or down. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView “Not the decoupling we wanted” Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency sticking in a narrow short-term range into the weekend. Previously forecast support levels to avoid a deeper correction managed to hold in the May 27 Wall Street trading session, but a bounce higher was similarly absent as commentators looked for fresh cues. “Short resistance and long support until…

Cardano Slides Below $0.50 Alarming A Danger Ahead

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Cardano is among the cryptocurrencies with higher impacts due to significant price slides. Price volatility remains one of the substantial discouragement and threat of virtual currency. Their swing in price could go beyond ten times in a single minute. A positive price move is always a favorable trend for a token and its investors. However, a price drop could pose a danger for both. The general crypto markets have been witnessing more downward trend recently. This has left several tokens on an expected price level even as some investors make…

Uniswap breaches $1T volume, WEF 2022 discussion on Terra, and more

The decentralized finance (DeFi) ecosystem continues to struggle with the ongoing market volatility and after-effects of the Terra ecosystem collapse. Over the past week, major DeFi protocols showed signs of increased trading activity, with Uniswap breaching the $1 trillion trading volume mark. Terra remained the focus of most of the discussions around blockchain and crypto at the World Economic Forum (WEF), with analysts suggesting Terra was offering unsustainable yields. DeFi insurance protocol to pay out millions after Terra collapse, while interest in Ethereum Name Services (ENS) shattered new records. Top…

Crypto Mining Farm at Apartment | April 2021 Update

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io April 2021 Update on my Crypto Mining Farm at my Apartment. I’ll be going over my mining rigs, my cpu rig, the temperature, the electricity and the sound at my mining farm. Join TheLifeofaMiner’s Discord Channel! 💬 Discord ►►► Ask me any Questions, Hang out with the Community, and GPU Mining Help. Join the Discord! Watch Me Live on Twitch! 🔴 Twitch ►►► ——————————————————————————————————- 🔔 Social Media 🔔 🔴 Twitch ►►► 🐥 Twitter ►►► 📸 Instagram ►►► 💬 Discord ►►► 📃 Reddit…

Korean Government Considers Imposing Unified Listing Standard on Crypto Exchanges After LUNA, UST Collapse – Regulation Bitcoin News

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The South Korean government is considering imposing tougher regulations, including a unified listing standard, on all cryptocurrency exchanges in the country following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). Korean Government’s Meeting With Cryptocurrency Exchanges The South Korean government is shifting responsibility for the crash of cryptocurrency terra (LUNA) and algorithmic stablecoin terrausd (UST) onto crypto exchanges, the Korea Times reported Thursday. The Korean National Assembly and the government held an emergency meeting with the heads of major crypto exchanges in the country Tuesday to discuss measures…

4 Coinbase Execs. Have Dumped $1.2B Worth of COIN Since its Public Listing

Summary: Four top Coinbase officials have sold $1 billion worth of COIN shares since the company went public. The Coinbase executives include Co-founders Brian Armstrong and Fred Ehrsam, its President and Chief Operating Officer Emilie Choi, and Chief Product Officer Surojit Chatterjee. They sold their shares at prices ranging from $189 to $422. Such sales are sometimes expected, particularly for founders, after having ‘their stakes locked up for so long.’ COIN is trading at $73 and looks to be entering a consolidation zone. Four top Coinbase executives have netted close…

Can a lesson in bimetallism help the long-term stability of Bitcoin and privacy coins?

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The crypto market has been on a downward trajectory since the tail end of 2021. In early May 2022, it culminated in a dip that impacted traditional markets just as hard. The recent bust removed some speculation from the market. But the shakeup is different than in the past. There are still many more active users utilizing the Bitcoin network than we have seen in past cycles. Many more holders and true believers made it through to the other side. However, as this increases over time, one of the concerns…

Bitcoin network difficulty falls 4.3% to 29.897T, biggest drop in 10 months

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The Bitcoin network witnessed a historic event on May 12 when the network difficulty attained its all-time high of 31.251 trillion as miners mined nearly 50,000 BTC of the remaining 2 million tokens. While the Bitcoin community rejoiced the added resilience to the network owing to the rising difficulty in mining a Bitcoin block, the network difficulty recorded a drop of 4.33% — falling from 31.251 trillion to 29.897 trillion on May 26. As Cointelegraph reported on several occasions, Bitcoin’s network difficulty consistently achieved all-time highs over the past ten…