Day: July 4, 2022

Cryptocurrency's Buyback And Burn Strategy Explained | Coffee & Crypto

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Today’s Coffee & Crypto explores the two best ways to stabilise the volatile cryptocurrency market, namely buyback and burn. While buyback removes crypto assets from circulation to adjust availability and can buy them back, coin burning is the act of sending tokens to an unusable wallet address, where they are lost forever. Founder and CEO of Bru Finance Ashish Anand and Chief Blockchain Architect at Wrapped Asset Project Rohas Nagpal explain these two terms further, and how they can be best employed…

Bitcoin And Ethereum Struggles To Recover, AR And NMR Soars Significantly

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Despite the market condition, top currencies, Bitcoin and Ethereum, struggle to regain their values. On the other hand, some altcoins, AR, and NMR are showing a significant gain charm over 14-days. Since the Fed Reserve decided to raise interest rates and the May inflation report, Bitcoin has been floating in a small zone between $19,000 and $20,000. Thus, it is difficult for it to recover any significant upward pace. Related Reading | Solana (SOL) Stuck Below $33 In Past Days As Bearish Pressure Still Intact Bitcoin, the most valuable cryptocurrency,…

Bitcoin price spikes to $20K as whale bought BTC confirms support

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Bitcoin (BTC) rose to clip $20,000 for the first time in five days on July 4 as the Independence Day holiday brought some unexpected gains. BTC/USD 1-hour candle chart. Source: Tradingview.com $20,000 briefly reappears Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to $20,085 on the day, its best performance since June 30. The pair had spent most of the holiday weekend at around $19,000, but the absence of Wall Street trading ultimately proved no obstacle for bulls.  Thinner weekend order books likely exacerbated volatility compared to underlying volumes,…

RUNE Rallies to Start the Week, as SAND Extends Recent Gains – Market Updates Bitcoin News

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RUNE rose by over 10% to start the week, surging as global crypto markets pushed to enter the green on July 4. After a slow start to the day, the crypto market cap is up 3.15% as of writing, with SAND another notable mover, as it extended recent gains, rising by nearly 13% in the process. Thorchain (RUNE) RUNE was a notable mover on Monday, as prices rose by over 10% on the Independence Day of the United States. The token rose to an intraday peak of $2.08 to start…

ELON MUSK – CRYPTO DOUBLER! BITCOIN AND ETHEREUM MULTIPLIER X2 | DOUBLE YOUR CRYPTOCURRENCY EVENT

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ELON MUSK EVENT SITE: Link in pinned comment! Hi! In this video, I’ll show you a working way to double your cryptocurrency! I was surfing the Internet, and found the official website from Elon Musk, which is dedicated to his cryptocurrency event. In connection with the purchase of Twitter, Elon Musk and his other company, Tesla, staged a crypto event to promote their company and help their customers, allowing them to almost instantly double their cryptocurrency! At first I didn’t believe it,…

Multichain adds Rootstock to its blockchain bridge ecosystem

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Multichain, a cross-chain platform, has announced the integration of the Bitcoin-based (BTC) smart contract protocol Rootstock (RSK) blockchain into its ecosystem. This will allow users to exchange Ether (ETH), USD Coin (USDC), Binance USD (BUSD), and other assets between RSK, Ethereum, and BNB Chain. According to Monday’s announcement, the integration is a major milestone for Multichain because it opens up access to decentralized finance (DeFi) on Bitcoin. This addition will allow users to take advantage of RSK’s security and functionality. The integration will enable RSK to bring Bitcoin to Multichain’s…