Day: July 20, 2022

Bitcoin Could Gain Another 18% After Breaking $24k – BTC Analyst.

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Summary: Bitcoin has broken above the 50-day moving average with its push above $24k. BTC could rally another 18% before reaching the next level of significant resistance, around $28k. Capitulation by Bitcoin investors and miners could also be slowing down. Bitcoin has had an eventful first few days of the week, having punched through the $22k resistance level early Monday and breaking the $24k resistance level today to post a local high of $24,276. Bitcoin Could Gain Another 18% After Breaking $24k. Bitcoin’s impressive price movement despite record-breaking inflation around…

FTX and FTX US seek even more funding following acquisitions: Report

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Crypto exchange FTX and its United States subsidiary FTX US have reportedly each set new fundraising targets following the firms planning several high profile acquisitions and credit lines to firms. According to a Wednesday report from Bloomberg, FTX co-founder Sam Bankman-Fried discussed raising money matching that of a January funding round in which the firm closed on a $400 million round, bringing it to $32 billion in valuation. FTX US reportedly set similar goals, having raised $400 million in January to reach an $8 billion valuation. The report followed both…

Why Crypto Could See Summer Rally With Support From U.S. Equities

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The crypto market remains in the green with major gains over the past weeks. The general sentiment in the market is shifting as Bitcoin, Ethereum, and other top 10 altcoins regain previously lost territory. Related Reading | Why Bitcoin Must Beat $25,500 To Establish A Bull Rally The chances of an extended bullish momentum seem to be increasing as the macro-economic factors impacting risk-on assets mitigate in short timeframes. The U.S. Federal Reserve (Fed) has begun a period of no contact with the media, and dollar inflation seems bound to decline.…

The Credit Crunch Is Not the End of Crypto Lending

But were they? If their victory condition is “no credit is ever extended based on a crypto asset ever again,” they guarantee a loss. Yes, the lending industry has taken a hit, but it certainly won’t cease to exist. The desire for leverage and a lower cost of capital on one hand, and yield on the other, is inherent to free, capitalist enterprise, and that urge will never disappear. Bitcoiners who ostensibly believe in free markets should recognize that this necessarily includes the market for money, as well. Source

Crypto Exchange Zipmex Halts Withdrawals Citing Market Conditions, Financial Difficulties of Business Partners – Exchanges Bitcoin News

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Cryptocurrency exchange Zipmex has halted withdrawals due to “volatile market conditions, and the resulting financial difficulties of our key business partners.” The exchange operates in Singapore, Australia, Indonesia, and Thailand. Zipmex Pauses Withdrawals Crypto exchange Zipmex, which operates in Singapore, Australia, Indonesia, and Thailand, has become the latest crypto company to halt withdrawals. The platform described itself as “Asia’s leading digital asset exchange providing you high liquidity and insurance on your assets.” On Wednesday, Zipmex announced via Twitter that “due to a combination of circumstances beyond our control including volatile…

The Real Cost Of Mining Cryptocurrency

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The Real Cost of Mining Cryptocurrency. Mining for cryptocurrencies like Bitcoin comes with some unexpected costs. With cryptocurrencies at an all-time high, more and more people are driven to mine and invest, but before joining the pool, make sure you know the incredible costs associated with it! If you enjoyed it, please, like, comment, and subscribe, it helps us a lot! Thanks for watching this video: The Real Cost of Mining Cryptocurrency. Check Out These Videos: How Much It Costs To Mine…

Explore the Value Behind KCC Through KCC Validator Election – Sponsored Bitcoin News

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sponsored With the development of the public chain and the growing adoption of blockchain technology, public chains initiated by crypto exchanges are getting more attention. Relying on the advantages of the exchange’s cutting-edge technology team, the exchange public chain has differentiated itself clearly from the rest. KuCoin Community Chain (KCC) has been established for more than a year. As a community-driven chain of the well-known exchange KuCoin, what is the value behind KCC? An in-Depth Look Into KuCoin Community Chain (KCC) On June 16, 2021, KuCoin Community Chain (KCC), a…

SIMBA Chain and Equideum Health Announce Partnership To Build Web 3.0 Health Data Exchange

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July 20, 2022 – South Bend, Indiana SIMBA Chain is announcing a new partnership for the global healthcare and life sciences industry with Equideum Health, the Web 3.0 and blockchain-powered health company formerly known as ConsenSys Health. The collaboration aims to significantly enhance global healthcare by building a decentralized marketplace, dubbed the Equideum Exchange, for empowering individuals to monetize health and health-relevant data about them. Integrating SIMBA Chain’s cutting-edge blockchain solution SIMBA Blocks with Equideum Health’s Elevated Compute™ platform will greatly accelerate both cross-blockchain interoperability and the incorporation of healthcare and…

Why Bitcoin Must Beat $25,500 To Establish A Bull Rally

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Bitcoin has recovered above $23,000 off the back of a rally that had started during the last leg of the weekend. This recovery has brought more money into the market, which has helped push the price even further. As bitcoin trends at $23,000, there is significant resistance mounting up ahead, presenting various important technical levels. Bitcoin Must Beat $25,500 Even though bitcoin is making its way towards $24,000 in a tremendous bull trend, there are still some technical levels that the digital asset must beat in order to fully establish…