Month: June 2022

Chainlink integrates with Moonbeam to provide price data to Polkadot developers

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Decentralized oracle network Chainlink (LINK) has integrated its service called Chainlink Price Feeds to Moonbeam, a smart contract parachain on Polkadot (DOT), to provide data to developers in the platform.  In a release sent to Cointelegraph, Chainlink’s team noted that going live on Moonbeam will allow those who build within the platform to access price information that’s compiled and aggregated from many different exchanges. This allows decentralized finance (DeFi) developers to bring price accuracy to their decentralized applications (DApps). Moonbeam founder Derek Yoo mentioned that access to off-chain asset prices…

The crypto industry must do more to promote encryption, says Meltem Demirors

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“I like to call myself a future, or aspiring, cult leader,” Meltem Demirors, chief strategy officer of CoinShares — a publicly listed investment firm managing around $5 billion in assets — told Cointelegraph.  Demirors, who first entered the Bitcoin (BTC) space in late 2012, further mentioned that it has been “fun to see how big the crypto sector has become,” noting that people from all walks of life are now interested in the cryptocurrency space. As such, Demirors explained that “crypto cults” are bringing people together in a positive manner,…

Bitcoin Slides Toward $20K in Record Losing Streak as Fed, ECB Meet

“Concerns around a sharp tightening of monetary policy are weighing on financial markets and are trickling down into cryptocurrencies through their influence on large institutional investors,” Alex Kuptsikevich, an FxPro senior market analyst, said in an email to CoinDesk. “It is not surprising that bitcoin and ether are dragging the entire cryptocurrency market down in such an environment.” Source

Bitcoin cae a $20.000 en medio de riesgos de efecto cascada entre mercados cripto

El informe de Índice de Precios al Consumidor (IPC) de EE. UU. de mayo mostró que la inflación en la mayor economía del mundo alcanzó el 8,6% interanual, 0,3 puntos porcentuales más que el nivel esperado de 8,3%. Los datos llevaron a los mercados globales a la baja a principios de esta semana, ya que los inversores asumieron la llegada de los aumentos en las tasas de interés, a medida que la Reserva Federal (Fed) intenta controlar los precios. Source

Russian bank Sber to complete its first digital currency deal

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Russian banking giant Sber — formerly known as Sberbank — is preparing to soon complete its first digital currency deal involving the bank’s proprietary digital asset platform. The bank will conduct its first transaction involving digital financial assets (DFA) on its digital asset issuance platform by mid-July. Anatoly Popov, deputy chairman of Sber’s executive board, disclosed Sber’s plans to complete such a deal in an interview with the state-backed news agency TASS on June 15. Popov claimed that Sber finally received registration from the country’s central bank — the Bank…

Bitcoin could go to zero: Crypto billionaire

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin Foundation chairman Brock Pierce discloses if he’s still buying bitcoin during the market sell-off on ‘The Claman Countdown.’ #FOXBusiness #TheClamanCountdown Subscribe to Fox Business! Watch more Fox Business Video: Watch Fox Business Network Live: FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business…

ETH, BTC Remain Lower Ahead of Federal Reserve Rate Decision – Market Updates Bitcoin News

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ETH was close to falling below $1,000 on Wednesday, as markets began to prepare for the latest Fed policy meeting. Many expect that the FOMC will opt to hike interest rates today, as inflation continues to peak. BTC was also lower, hovering slightly above $20,000. Bitcoin BTC was hovering marginally above $20,000 in today’s session, as markets were anticipating the latest FOMC policy meeting. Following a high of $22,729.56 yesterday, BTC/USD sank to an intraday low of $20,178.38 earlier in the day. As a result of this latest low, bitcoin…

Bitcoin Miners’ Exchange Flow Rises To Seven-Month High Amid Bloodbath

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Bitcoin mining profitability has plummeted by more than 75% from the market peak, and is now at its lowest level since October 2020. Bitcoin Price Plummets Further Bitcoin’s price plummeted to a 52-week low of $20,800 on Wednesday, down from an all-time high of $68,788 by more than 70%. Despite the fact that the price has already returned above $21,000, important market indications indicate that bears still have a strong grip on the current market. The Bitcoin Miners to Exchange Flow, a metric that measures the amount of BTC transferred…