Day: July 5, 2022

Dollar Strength Causes Bitcoin Weakness – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin remains below the 2017 all-time-high which is concerning for bulls. The LUNA and UST crash has led to a tragic contagion amongst other crypto firms, as we have seen liquidity withdrawn from the crypto market at an extraordinary rate. In the Bank of England’s financial stability report on Tuesday, the bank’s Financial Policy Committee (FPC) briefly addressed cryptocurrencies. The report noted that while crypto poses a less immediate risk it is nonetheless important to monitor, as several vulnerabilities have been…

Celsius Beats Down Liquidation Price With $120 Million In Loan Repayments

boss

Celsius has been at the center of most crypto controversies in the last month. The lending platform had had to pause withdrawals, transfers, and swaps on its platform, citing extreme market conditions as the reason, but that was only the beginning of its troubles. However, Celsius looks to be taking it on the chin because contrary to what others have done, the platform has made moves to pay down its debts and has now beaten down its liquidation price by more than 200%. Celsius Pays $120 Million In Loans The…

Does Sentiment Shifting Slowly Signal A Crypto Recovery Ahead?

boss

The crypto market has lost momentum after the extended weekend in the United States. Bitcoin and other larger cryptocurrencies have been recording losses during today’s trading session and could continue to trend downside in the short term. Related Reading | TA: Ethereum Regains Strength, Showing Early Signs of Fresh Rally At the time of writing, the crypto total market cap stands at $860 billion with sideways movement over the past weeks. This metric has been trending to the downside since late 2021, but took a severe loss in April-May 2022, as…

Bitcoin Miners Continue Selling to Cover Expenses as Core Scientific Sold 7.2k BTC in June for $167M

boss

Summary: Bitcoin miners are continually selling their BTC to cover operational expenses. Bitcoin mining company, Core Scientific, has announced that it sold 7,202 BTC in June for $167 million. The Core Scientific team further explained the revenue was used for payments for ASIC servers, capital investments in additional data center capacity, and scheduled repayment of debt. The earlier identified trend by JP Morgan of Bitcoin miners selling their BTC to cover expenses continues as Core Scientific has announced that it sold 7,202 Bitcoins in June. According to the official announcement…

Euro Drops to 20-Year Low Against the US Dollar, Tapping $1.028 per Unit — Analyst Says Parity Is Imminent – Economics Bitcoin News

boss

The euro has had a sluggish start to the second half of 2022 as the fiat currency slid to a 20-year low against the U.S. dollar. The drop adds to the fear that the global economy is in a recession and analysts believe that the risk of “parity is just a matter of time now.” Euro Nears Parity With US Dollar Policymakers at the European Central Bank (ECB) have been dealing with record inflation levels but have been much slower than the U.S. in terms of raising the benchmark interest…

Crypto market volatility shows need for ‘enhanced regulatory and law enforcement frameworks’ — BoE

boss

The Bank of England has called for “enhanced” regulations of crypto to address potential risk to the country’s financial stability amid the market capitalization dropping more than $2 billion. In the BoE’s Financial Policy Committee “Financial Stability Report — July 2022,” the central bank said factors including the growth of the crypto market and climate change did not pose an “immediate threat” to the United Kingdom’s financial system but had the potential to do so in the future. The committee noted that recent events in the space including extreme price…

Coordinape Is Decentralizing Compensation Decision-Making

A small group of people at the top controlling a large group of people out in the world is a limited way to work, both structurally and cognitively, because when the decision-making power is confined to a small group, there’s only so much that they can do, said Tracheopteryx in a interview with CoinDesk. He stated that this corporate fiction, the dominant scaling technology for human effort in the world today, significantly impairs collective intelligence and obstructs effective human coordination, especially for compensation. Source

BEST OF Bitcoin & Crypto Masterminds on Investing (HIGHLIGHTS from Dubai) | Cryptonites

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io A highlight clip combining the best moments on investing in Bitcoin and Crypto out of our Dubai series featuring Cyrus Fazel, Carl the Moon, Tone Vays, Sami Foreflies, Anthony LeSoismier and more! — Welcome to Cryptonites, the home of all things crypto and blockchain on YouTube! We feature the very biggest interviews in the cryptocurrency space – from Bitcoin (BTC) to Polygon (MATIC), Ripple (XRP) to Polkadot (DOT), Cardano (ADA) & Solana (SOL) to Ethereum (ETH); if it’s happening in the crypto…

Legends of Bezogia Reveals Sustainable Play2Earn Mechanics By Publishing Breakthrough Whitepaper – Sponsored Bitcoin News

boss

sponsored ZOGI Labs Ltd. reveals shocking whitepaper detailing next-level blockchain gaming mechanics never seen before in the industry. Eliminating core industry issues like token inflation, the team has formulated proprietary formulas that algorithmically balance a sustainable gaming economy inside Legends of Bezogia. Featuring next generation graphics, a rich and deep storyline along with playable NFTs, Legends of Bezogia is set to take the industry by storm by giving crypto-enthusiastic gamers an MMORPG that truly looks and feels like a deeply immersive game. The Legends of Bezogia resembles a triple A…