Month: June 2022

Roger Ver denies CoinFLEX CEO’s claims he owes firm $47M USDC

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Roger Ver, an early Bitcoin investor and Bitcoin Cash proponent, has pushed against claims from crypto investment platform CoinFLEX regarding an alleged $47-million debt. In a Tuesday tweet, Ver — not mentioning CoinFLEX by name — said he had not “defaulted on a debt to a counter-party,” and alleged the crypto firm owed him “a substantial sum of money.” The denial followed rumors on social media that the BCH proponent was involved in the platform halting withdrawals due to “a high-networth client who has holdings in many large crypto firms”…

CME Net Short Exposure Reaches ATH: Institutions Bearish on Ethereum

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Ethereum has seen some selling pressure today and has rolled back on a portion of its gains. The cryptocurrency was bouncing back from below the $1,000 levels but has found hurdles on lower timeframes. Related Reading | Outflows Rock Bitcoin As Institutional Investors Pull The Plug, More Downside Coming? At the time of writing, ETH’s price trades at $1,166 with a 3% loss in the last 24 hours and a 3% profit in the past 7 days. ETH trends to the downside on the 4-hour chart. Source: ETHUSD Tradingview Ethereum and…

BBT is still mining with GPUs my dudes

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Team BBT is continuously expanding our presence in mining. This includes GPU mining to support many networks and developers with the security required to maintain these networks. Our compensation comes from the security and distribution of tokens as part of the security model of these networks. Permissionless networks are the backbone of cryptocurrency and people that provide hardware to these networks are compensated in the respective tokens. In this video I explore our upcoming builds related to GPU and future expansion of…

Governments May Restrict Foreign Access to Their CBDCs, Riksbank Official Says

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Crypto Jobs: Who’s Cutting and Hiring?

According to the U.S. Bureau of Labor Statistics, the unemployment rate in the U.S. sits at 3.6% as of May 2022, and yet the number of large companies downsizing highlights the growing rumors concerning an incoming recession. On June 14, Coinbase’s CEO Brian Armstrong said in a note shared with all Coinbase employees, “We appear to be entering a recession after a 10+ year economic boom. A recession could lead to another crypto winter, and could last for an extended period.” Source

Laura Shin on Crypto and the Future of Work

Workwise, I could say how truly distributed the team was. There was a lot of work that was done in Berlin. One of the main team members was in Amsterdam, and his team was in Brazil and Romania or Hungary or somewhere. There were other people kind of involved in Canada, Vitalik [Buterin, the Canadian programmer] was spending a lot of time in Asia during those years. A lot of the research was done in Singapore. So workwise, it was definitely a very decentralized and distributed organization geographically. Source

Bitcoin miner Mawson to defer all major capital expenditures until market conditions normalize

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On Tuesday, Bitcoin (BTC) mining company Mawson Infrastructure Group said that it was suspending major capital expenditures until market conditions normalize. In addition, the firm is voluntarily reducing its energy use, also called demand response, in light of the market sell-off and high electricity prices due to inflation.  Mawson received its final shipment of Canann A1246 ASIC Bitcoin Miners in June and has no further outstanding payments due for Bitcoin mining rigs. Regarding the company’s decision, CEO and founder James Manning said: “Despite a volatile market, Mawson is currently continuing…

19.06.22 Analýza: #Bitcoin, #SPX, #DXY – Poslední šance na odraz, jinak možný flash crash

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin (#btc) pokračoval v dalším poklesu i během víkendu, což je něco, na co nejsme vůbec zvyklí. Většinou se totiž situace o víkendech uklidnila, zatímco nyní byl bitcoin pořád dosti volatilní a dokonce v doprovodu nemalých objemů. Bitcooin každopádně plně otestoval další supportní pásmo, kde je de facto poslední šance na slušný odraz. V opačném případě může přijít ještě hlubší propad. Více se dozvíte v samotné video analýze. Podpora – donate: BTC adresa: 1BwRQq6q2reDvV5G7KP24ZA3yCummS1y54 ETH adresa: 0x6c355115b28Cc86CE95A5b8e300F216Af7Cd3c5A BEP20 tokeny: 0x6c355115b28Cc86CE95A5b8e300F216Af7Cd3c5A Nová Wikipedie:…

Key Bitcoin price metrics say BTC bottomed, but traders still fear a drop to $10K

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The crypto market is currently going through a period of heightened volatility as global economic conditions continue to worsen amid a backdrop of rising inflation and interest rates.  As the headwinds impacting global financial markets beat down all traces of bullish sentiment, many crypto investors are predicting that Bitcoin (BTC) price could drop to as low as $10,000 before a market bottom is found. BTC/USDT 1-day chart. Source: TradingView While many traders scoffed at the idea of BTC falling below its 2017 all-time high, the recent dip to $17,600 suggests…