Day: July 8, 2022

Bitcoin Recovers as Blockchain Gaming Sees Huge Investment – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock  Bitcoin finally saw some relief yesterday, topping out at around $22,500, as the S&P 500 climbed 1.5%. There is some renewed optimism that the worst of the liquidity crisis may be behind us after SBF’s re-assurance on Wednesday. The only Bitcoin bottom signal for me is persistent data showing us that inflation is convincingly inflecting down. This should result in the Federal Reserve becoming less aggressive with their monetary policy, and therefore provide confidence that the liquidity crisis in the crypto…

Spanish Exchange 2gether Blocks Operations, Affecting 100,000 Users – Bitcoin News

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2gether, one of the oldest cryptocurrency exchanges in Spain, has suddenly blocked its operations, leaving its users without access to their accounts. The platform informed it had to take this action due to the current situation of the market in an email directed to customers. In addition, the platform erased its presence from social media, deleting its account on Twitter. 2gether Reports Bear Market Woes The current downturn in the cryptocurrency market has affected several cryptocurrency exchanges and lenders unable to return funds to customers, having declared bankruptcy,…

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Compass Mining retrenches 15% of staff, execs to take major pay-cuts

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Ongoing strife in the cryptocurrency space has forced Compass Mining to lay off 15% of its employees while top executives and staff take major pay-cuts. The firm announced its decision to downscale its workforce in a bid to weather difficult market conditions, just a week after the resignation of CEO Whit Gibbs and chief finance officer Jodie Fisher. Chief technology officer Paul Gosker and chief mining officer Thomas Heller have taken over the reins at the firm as interim co-presidents and CEOs. The duo penned a letter to staff, investors…

What is BNB auto-burn and how does it work?

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BNB and its role in the blockchain ecosystem Binance Coin (BNB) is the Binance ecosystem’s native cryptocurrency. Launched in 2017, BNB was originally presented as an ERC-20 token on the Ethereum blockchain with a total supply of 200 million. In 2019, Binance started its mainnet swap and migrated all BNB tokens to BNB Chain. Related: A beginner’s guide to the BNB Chain: The evolution of the Binance Smart Chain BNB Chain is composed of two blockchains, both powered by BNB: BNB Beacon Chain: Previously called Binance Chain, this blockchain handles BNB…

Web3 activists fight for reproductive rights with NFTs, DAOs and protests

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Web3 community members are fighting back against the United States Supreme Court’s ruling to overturn Roe v. Wade.  On June 24, 2022, the landmark court case that previously assured the right to have an abortion was overturned, sparking a backlash among reproductive rights activists in the U.S. Some activists have turned to Web3 solutions, creating decentralized autonomous orginzations (DAOs) and nonfungible token (NFT) projects focused on raising awareness for women’s reproductive rights. One of the earliest of these efforts was demonstrated by Nadya Tolokonnikova, a member of the performance activist…

This ‘biblical’ Bitcoin pattern suggests BTC price can rise 30% by October

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Bitcoin (BTC) may be down 70% from its November 2021 peak, but its rebound move in the past three weeks is raising the possibility of more upside in Q3. Bitcoin eyes 30% price rally At the core of the bullish argument is a technical pattern called the “Adam-and-Eve double bottom.” Notably, the structure appears when the price forms two bottom-and-recovery cycles. The first cycle, called “Adam,” features a pointed bottom while the other, called “Eve,” is round-shaped. Also, the peaks of both cycles form a common resistance line.  The Adam-and-Eve…

Bitcoin education at an escape room in Lebanon

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Bitcoin (BTC) sets people free. At least, that was the story at Lebanon’s first Bitcoin-themed escape room in Beirut.  Lebanese Bitcoiners from the group Bitcoin du Liban took on the latest Bitcoin education challenge — Bitcoin Escape the System. The best part? The team of four snuck out of the escape room in the fastest time to date. Can’t wait to try this… tomorrow.#Bitcoin is growing in #Lebanon .@BitcoinduLiban @marco_bdl @Thomssmn @Rothmus https://t.co/v9tminHAy3 — Sooly⚡️سولي (@Sooly_Kobayashi) July 5, 2022 For the uninitiated, an “escape game” or “escape room” is a team…