Month: June 2022

Report Claims Samsung Is Producing 3nm ASIC Chips — Speculators Assume First Customer Is a Bitcoin Mining Rig Manufacturer – Bitcoin News

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Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today. Original

Hedge or Cause? Unpacking Bitcoin and Inflation

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“Consumers who continue to buy homes and cars despite substantial price increases are not suffering from inflation, they are (in part) a driver of inflation,” he wrote. “Pre-pandemic, consumers spent 38.7% on goods, but a whopping 61.3% on services. In 2020, the demand for goods rose 20% globally, but production increases were barely 5%. Prices rose accordingly.” Original

Michael Saylor – AFTER The Crash…Bitcoin WILL Hit One Million Dollars | Bitcoin News

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Michael Saylor – AFTER The Crash…Bitcoin WILL Hit One Million Dollars | Bitcoin News ——– Michael Saylor is an American entrepreneur and the CEO of Microstrategy. He is one of the most well-known figures in the Bitcoin community. He knows everything there is to know about selling Bitcoin, and the current cycle we’re in. He’ll go over BTC, and we’ll learn why he thinks Bitcoin is the greatest asset in human history. For all the latest Bitcoin news, be sure to watch…

Ethereum Loses Steam As Exchange Supply Spikes

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Ethereum (ETH) is once again losing momentum after exhibiting a positive bounce the previous week. At the time of publication, ETH has a market valuation of $125 billion and is currently trading 9 percent lower at $1032. The second-largest economy in the world is unmistakably losing strength, and if it cannot maintain $1,000, it may go as low as $700 or even lower. Ethereum Falls Below $1k Over the past few hours, the price of ethereum has deviated from a key level of support and fallen under $1,000. This is…

STRMNFT Marketplace Hits 5,000 Registered Users – Press release Bitcoin News

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press release PRESS RELEASE. StreamCoin announced that more than 5,000 users have registered for its STRMNFT marketplace. The Web 3.0 live streaming company says it accomplished this feat in less than a month after opening user registration on May 31, 2022. StreamCoin users have been supporting its vision since January 2022, though the company also noticed significant registration traffic from new crypto users. StreamCoin team also encouraged already-registered users to start minting their image and video NFTs on STRMNFT while it is free until July 2022. After July, minting an…

Bitcoin Enters Hibernation Mode As Network Activity Lulls

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Bitcoin has seen a tremendous slow down in network activity following the market crash in mi-June. This drawdown was expected as a reduction in network activity usually follows a rush to get out of the digital asset during the decline. This lull has brought various metrics back towards normal territories and daily miner revenues remain drowsy during this time. Network Activity Slows After the price of bitcoin had crashed to $17,600, there was a rush to get out of the digital asset. This had led to a tremendous surge in…

States, Not Congress, Will Lead Crypto Regulation, Says Legal Expert

Rather than waiting on the federal government to codify rules, states could move forward with standards of their own, such as liquidity requirements, as a condition for all crypto trading platforms to have an operating license, Loadholt said Thursday. The federal government is more likely to regulate crypto through enforcement actions rather than through legislation, he said. Source

Reserve Bank of India ranks crypto near the bottom of systemic risks despite harsh criticism

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In its latest financial stability report published on Thursday, the Reserve Bank of India, or RBI, reiterated its skepticism of digital assets, writing:  “We must be mindful of the emerging risks on the horizon. Cryptocurrencies are a clear danger. Anything that derives value based on make-believe, without any underlying, is just speculation under a sophisticated name.” The report alleged that decentralized cryptocurrencies “are designed to bypass the financial system and all its controls,” including Anti-Money Laundering, Combatting Financial Terrorism, and Know Your Customer mechanisms. In a tone similar to the previous…