Bitcoin has reached breakeven for the week, invalidating a major bearish technical setup. Original
Bitcoin Erases Weekly Loss, Eyes Resistance At $22.6K
Month: July 2022
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Crypto payments gain ground thanks to centralized payment processors
The cryptocurrency market has grown beyond many people’s expectations over the past decade. The nascent industry has managed to change mainstream perception quite significantly, especially in 2021, which saw many traditional financial institutions adopt crypto in one form or another. Some of the biggest public companies such as MicroStrategy started using Bitcoin (BTC) as a treasury hedge, while the likes of PayPal, Mastercard and Visa paved the way for the common public to use crypto as a form of payment. While many experts are still skeptical about the use of…
JP Morgan Claims Drop In Bitcoin Production Cost Is Negative For BTC Price
The recent crypto winter has affected miners negatively to the extent that many sold off their Bitcoin and other crypto holdings. In addition, many of these miners could not even pay their loans since their rigs’ values plummeted. As the price falls, there have been a lot of losses for them, given the cost of producing BTC. But now, recent events show that even the cost of producing the crypto for miners has also dropped. Recent news states there has been a 50% dip in the cost of producing Bitcoin.…
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Summary Of The Contagion Event That Brought On The Bear Market
Are we in a bear market? Opinions vary, but it certainly feels like one. Markets across the board and across the world are in the red, and the bitcoin and crypto ones are no exception. If you’ve been paying attention, you know how all of this happened, but a refresher course wouldn’t hurt. Using ARK Invest’s latest Bitcoin Monthly report as a guide, let’s go through the tragic sequence of events and evaluate the bitcoin market as it stands. According to ARK, the road to the bear market went like…
Understanding DAPP’s | CCG
What is a DAPP? DAPP is the abbreviation of Decentralized Application also known as distributed application. It is considered to have started the era of blockchain 3.0. DAPP is a variety of distributed applications derived from the underlying blockchain platform and is a form of service provision in the blockchain world, DAPP is to the blockchain as regular mobile APPs are to IOS and Android. The relationship between DAPP, smart contracts and blockchain Are DAPPs and smart contracts the same thing? What is the relationship with the blockchain? It…
Spanish Crypto Exchange Bitbase Expands to Latam – Exchanges Bitcoin News
Bitbase, a Spanish cryptocurrency exchange and crypto ATM operator, has announced its expansion to Latam with the establishment of a store in Paraguay. The company, which had previously opened a store in Portugal, is now bringing its operations to several locations in Paraguay, having its sights on Venezuela as the next destination for its expansion plans. Bitbase Looks Towards Latam While the current bear market has affected some cryptocurrency firms in a negative way, others are expanding to new latitudes, looking to capitalize on the popularity of crypto.…
Ethereum devs confirm the perpetual date for The Merge
Ethereum network is nearing the merger phase of its crucial transition from proof-of-work (PoW) mining consensus to proof-of-stake (PoS). Ethereum (ETH) devs offered a perpetual merger date during a conference call on Thursday. The conference call saw core Ethereum developer Tim Beiko, who runs core protocol meetings, propose September 19 as the tentative target date for the merger. The proposed target date didn’t face any objection from the core developers. Later, Ethereum developer superphiz.eth tweeted about the roadmap to the merger and also cleared that the proposed target date should be…
DeFiance Capital Has Been ‘Materially Affected’ by Three Arrows Liquidation
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