Month: July 2022

Bitcoin Bound To Bounce Back, Rockefeller Exec Says

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Rockefeller International’s Managing Director and Chairman, Ruchir Sharma, argues that Bitcoin (BTC) is really a brilliant concept. One that has been destroyed by excessive speculative fervor and easy access to cheap capital. Bitcoin Rebound Is A Matter Of Time Sharma, a New York Times bestselling author and former emerging markets investor at Morgan Stanley (MS), predicted that bitcoin could experience a comeback similar to that of Amazon. Amazon’s value fell by about 90% during the early 2000s dot-com collapse but increased by more than 300 times over the course of…

Combining the Best of Blockchain and Cloud Computing

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video highlight, Ph.D. candidate Nick Ivanov demonstrates his groundbreaking work in combining blockchain and cloud computing to create a secure, high-performance system. Visit icer.msu.edu/research for more research stories. Video created by Michelle David Camera assistance from Kylie McClung Music credit: I dunno by grapes Ft: J Lang, Morusque Rodeohead by septahelix Ft: copperhead Corporate Technology by Scott Holmes Music ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

GameStop releases public beta NFT marketplace

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Gaming giant GameStop (GME) launched its own non-fungible token (NFT) marketplace on July 11. The new NFT marketplace intends to deliver low fees and high speeds.  Users of the marketplace can buy, sell, trade, and create NFTs. The marketplace features functionality to enable users to view statistics for NFTs, and educational material is also provided. Educational content includes everything from NFT basics to how to connect a wallet to the marketplace is covered. It’s a non-custodial, Ethereum Layer 2-based application, and users can connect to the marketplace using the GameStop…

Investors Expect Bitcoin’s Price to Fall to $10,000 – Markets and Prices Bitcoin News

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A new survey shows that the majority of nearly 1,000 investors who responded expect bitcoin’s price to drop to $10K. In addition, 28% of respondents expressed strong confidence that cryptocurrencies are the future of finance while 20% said they are worthless. Investors Believe Bitcoin Could Fall to $10K The latest Bloomberg MLIV Pulse survey, conducted from July 5-8, asked 950 investors who responded where they see bitcoin’s price heading. Respondents were asked, “Which level will bitcoin trade at first? $10K or $30K.” According to the results published Monday, 60% of…

Wall Street Investors Expect Bitcoin To Hit $10,000, Is This Possible?

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The decline of bitcoin over the last several weeks has raised concerns among investors in the space. The digital asset which had peaked at $69,000 had declined as low as $17,600 and continues to struggle to hold $20,000, dragging investor sentiment down with it. This same sentiment was shared by a polled group of Wall Street investors regarding how they viewed the digital asset. Mostly, investors do not see any bullish movement in the near future. Majority Says Bitcoin Is Going Down Out of the 950 respondents that were surveyed…

“Prepare” For A Massive Bitcoin Rally

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Bitcoin is still stuck in a tight range as it trades around $20,000 to $21,000. The cryptocurrency was rejected at major resistance levels and could re-test its yearly lows close to $17,000. Related Reading | TA: Ethereum Revisits Key Support, Can The Bulls Protect More Losses At the time of writing, BTC’s price trades at $20,600 with a 1.4% loss and a 7% profit in the last 24 hours and last week respectively. BTC’s price trends to the downside on the 4-hour chart. Source: BTCUSD Tradingview Bitcoin has been trending to…

Biden signs executive order on cryptocurrency

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io President Joe Biden has signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should create its own digital currency. (March 9) Subscribe for more Breaking News: Website: Twitter: Facebook: Instagram: ​ You can license this story through AP Archive: ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Crypto miners in Texas shut down operations as state experiences extreme heat wave

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With many parts of Texas enduring days of temperatures well over 100 degrees Fahrenheit in July, many crypto miners have shuttered operations in anticipation of the state’s energy grid being unable to meet demand. The Electric Reliability Council of Texas, or ERCOT, on Sunday called on Texas residents and businesses to conserve electricity with “record high electric demand” expected on Monday. According to ERCOT’s forecast, demand for electricity in Texas — due in part from running air conditioners amid extreme heat — could surpass the available supply. The energy supplier’s prediction…