Day: July 7, 2022

Survey shows 55% of crypto investors chose to HODL as Bitcoin and altcoin prices collapsed

Crypto and equities markets are down and aside from the positive news of Celsius repaying all of their debt and avoiding a massive liquidation, there are few on the spot reasons that are prompting investors to buy Bitcoin and altcoins. The collapse of  numerous decentralized finance (DeFi) protocols, crypto investment funds and BTC trading 60% below its all-time high continue to weigh on sentiment but a few positive tidbits of data could be a sign that the market is ready to enter a consolidation phase. expect people will shift from a…

Dogecoin Adds $1 Billion To Its Market Cap Folllowing Elon Musk’s ‘Boring Company’ Announcement

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Following Elon Musk’s Boring Company’s announcement, it now allows consumers to pay using Dogecoin. As a result, DOGE has increased by 5% during the past day. But after that, it decreased by over 2%. However, it had a market value increase of almost $1 billion during the past 24 hours. With a market cap of $10.484 billion, DOGE overtook Polkadot and other currencies to rank as the tenth-largest cryptocurrency. According to CoinGecko statistics, DOGE increased by around 13% during the course of the past seven days. The price is $0.07034…

Dave Ramsey Reacts To Crytpo Scams and Bitcoin's Crash!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Dave Ramsey Reacts To Crytpo Scams and Bitcoin’s Crash! Subscribe and never miss a new highlight from The Ramsey Show: Want a plan for your money? Find out where to start: Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Watch and subscribe to all The Ramsey Network shows here: ▶ Coinbase Website: Coinbase.com…

Veratad Technologies Pairs with Blockchain-ID Ltd to Developing Authentication Tool on Algorand

Authentication solutions provider Veratad Technologies has partnered with UK-based Blockchain-ID Ltd to jointly develop BlockchainIDme, an authentication tool on the Algorand blockchain. In the current blockchain field, most users use their electronic wallets (including custodial and non-custodial) to store their digital asset data. Due to the continuous emergence of network attacks, security issues and control over data are particularly important. Through the partnership, users with their e-wallets for smart contract transactions can use BlockchainIDme tokens and encryption keys to confirm the owner’s identity, whether for centralized exchanges such as Binance,…

Discussion Platform Reddit Introduces Blockchain-Backed Collectible Avatars to 52 Million Users – Blockchain Bitcoin News

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The social media and discussion website Reddit has announced the launch of blockchain-backed collectible avatars. The collectible avatars are stored via the Polygon blockchain as the chain was chosen for its “low-cost transactions and sustainability commitments.” Reddit’s Polygon-Backed Digital Avatars Will Soon Be Available to the General Public On July 7, 2022, the staff at Reddit announced the launch of blockchain-backed Reddit avatars that are stored on the Polygon network. It’s not Reddit’s first rodeo with blockchain technology as the social media and discussion platform was working with Arbitrum’s layer…

US Treasury Develops ‘Framework’ for International Crypto Regulation

CryptoX – Cryptocurrency Analysis and News Portal The fact sheet, which is the first report published as a result of U.S. President Joe Biden’s executive order on crypto, said the framework “is intended to ensure that … America’s core democratic values are respected,” pointing to consumer, investor and business protection, the safety of the global financial system and interoperability. Source The post US Treasury Develops ‘Framework’ for International Crypto Regulation appeared first on CryptoX. CryptoX Portal

Bitcoin miners sell their hodlings, and ASIC prices keep dropping — What’s next for the industry?

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Crypto companies are going belly up left and right, and Bitcoin mining companies also appear to be taking on water faster than they can bail. In mid-June, Compass Mining CEO Whit Gibbs and chief financial officer Jodie Fisher abruptly resigned after allegations that the Bitcoin mining hardware and hosting company had failed to pay hundreds of thousands of dollars in overdue electricity bills to Dynamics Mining, a facility provider for Compass. Bloomberg recently reported that many industrial-size Bitcoin miners took on a significant amount of debt by leveraging their equipment…