Diving deep into the thirteen-year-old Bitcoin (BTC) ecosystem makes one come across interesting patterns powered organically by investor sentiment and market conditions. With BTC’s per transaction cost coming down to $56.846 on July 14, the ecosystem unveiled a cycle wherein the per transaction costs invariably fall every four years. The cost per Bitcoin transaction is calculated by dividing miners’ revenue by the number of transactions, thus implying an unpredictive trend — however, data from Blockchain.com reveals a pattern many would find satisfying. Bitcoin cost per transaction YTD. Source: blockchain.com The…
Day: July 18, 2022
Blockchain can make social media interoperable, says
While the critics cast doubts on some of blockchain’s use cases during the crypto winter, one of the most prominent community figures laid out some points that cement blockchain’s position as a disruptive technology. On Twitter, FTX crypto exchange CEO Sam Bankman-Fried highlighted use cases for blockchain and explained how some industries could benefit from integrating the tech. According to Bankman-Fried, blockchain technology can simplify payments, solve stock market flaws and revolutionize social media. Bankman-Fried said that there are many issues surrounding cross-border payments. The FTX CEO laid out several…
Indian Finance Minister Echoes Central Bank’s Crypto Ban Call, but Says Global Collaboration Is Required
Indian Finance Minister Nirmala Sitharaman has reiterated the stance of India’s central bank (Reserve Bank of India or RBI) to ban cryptocurrencies in the lower house of parliament but said that no legislation is possible without significant international collaboration. Source
Cynthia Lummis Just SAVED Cryptocurrency in the USA (ACTUAL CHRISTMAS MIRACLE)
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Senator Cynthia Lummis to introduce 2022 crypto bill for USA! Let’s discuss the LATEST news for bitcoin, ethereum, metaverse altcoins, & MORE! SLAP THE LIKE BUTTON! 👋 💰 Top Crypto Investing Strategy into 2022 | Anthony Pompliano Interview 🎸 Gene Simmons REVEALS His 10x Cryptocurrency Portfolio for 2022 (Top 2022 Altcoins) 📈 Raoul Pal Reveals His Top Altcoins to Watch RIGHT NOW Altcoin Daily, the best cryptocurrency news media online! Is ethereum a good investment 2022? What will ethereum be worth in…
Crypto Analyst Predicts Ethereum Challenger Solana Rips Hard, Says One Exchange Token Looks ‘Juicy’
A popular analyst says that Ethereum challenger Solana (SOL) appears primed to sustain its bullish ascent as one exchange token trades in an area that offers a favorable risk to reward ratio. The pseudonymous trader known as Cantering Clark tells his 140,300 Twitter followers that the right market conditions could help Solana put together a sizable rally after SOL took out both its diagonal and horizontal resistances. “If the market sustains this push by ETH, SOL rips much higher. Bunch of open interest and risk tagged on on the way…
Binance Fined $3.4M by Dutch Central Bank
The Dutch Central Bank has issued Binance with an administrative fine of 3.3 million euros for continuing to serve Dutch citizens without registration. Source
Binance Fined Over $3.3M by Dutch Central Bank
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Bitcoin hovers at $20K, Fundstrat warns of washout, and Three Arrows to liquidate: CNBC Crypto World
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Matt Hougan of Bitwise discusses the outlook for altcoins in the second half of 2022. 00:00 – CNBC Crypto World, June 29, 2022 0:24 – Crypto prices dip 0:40 – Celsius customers look for answers 2:38 – The headlines 4:13 – One…
A Deep Dive Into GameFi Models
GameFi isn’t a new concept, in fact, CryptoKitties was the first project to bring this concept to light in 2017. It is known for pioneering the play-to-earn gaming model, which is now the standard basis that all blockchain games follow. The model was a huge hit, bringing the game 1.5 million users and $40 million in transaction volume. The fact that this occurred during the early years of the crypto market was a significant achievement for the game. Since then, the sector has evolved in response to increasing user demands.…
BTC miners ‘finally capitulating’ — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week nearing key resistance as the shock of the latest United States inflation data passes — can the strength continue? The July 17 weekly close may have been practically identical to the last, but BTC/USD is showing some much needed strength prior to the July 18 Wall Street open. Last week was a testing time for crypto hodlers everywhere, with inflation dictating the mood across risk assets and the U.S. dollar capping the gloomy atmosphere. With those pressures now easing — at least temporarily —…