Month: July 2022

POSSIBLE END OF BITCOIN MINING 😱 | A Way That Bitcoin Could Go To 0$

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The site I used to look at the profitability of crypto miners in real time: We are going to see more and more miners being shut off. Private and publicly listed crypto miners owe up to $4 billion in debt used to finance the construction of gargantuan facilities across North America, according to industry participants and data compiled by CoinDesk. This is also terrible for bitcoin transactions as they will go slower and slower as more miners shut off. Crypto mining profitability…

Singapore’s financial watchdog considers further restrictions on crypto

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The Monetary Authority of Singapore, or MAS, has been “carefully considering” adding restrictions that could affect how retail investors handle crypto, according to one of the government’s senior ministers. According to parliamentary records published on Monday, Singapore senior minister and MAS chair Tharman Shanmugaratnam said the financial watchdog may consider “placing limits on retail participation” for crypto investors as well as introducing rules on the use of leverage for crypto transactions. Shanmugaratnam also called for regulatory clarity among financial regulators around the world, “given the borderless nature of cryptocurrency markets.”…

Mounting Support For Bitcoin At $19,000 As Market Ushers In A New Week

Bitcoin has come out of the weekend with less than favorable performance but it has not been all bad for the digital asset either. After falling below $20,000, it trended low towards the end of last week. However, the cryptocurrency has been able to hold the $19,000 level despite efforts from the bears to pull it down. This has been due to a number of factors but most importantly is the support that has been forming at this level. Support At $19,000 After struggling to hold above $19,000 for most…

Ethereum Gas Fees Falls To Record Low, Price Consolidates Around $1,000

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After reaching a level last seen in November 2020, the average Ethereum gas fee is now below $1. Ethereum Gas Fees Falls The Ethereum network experienced transaction fees as low as 69 cents on Saturday, which has not happened in the previous 19 months. The following day, gas prices reached $1.57 or 0.0015 ETH, which is equivalent to December 2020’s numbers. Transaction costs on the network today ranged from 20 cents to merely 20 cents, with 20 cents being the highest. Gas prices in the Ethereum ecosystem ranged from $0.01…

Cryptocurrency's Buyback And Burn Strategy Explained | Coffee & Crypto

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Today’s Coffee & Crypto explores the two best ways to stabilise the volatile cryptocurrency market, namely buyback and burn. While buyback removes crypto assets from circulation to adjust availability and can buy them back, coin burning is the act of sending tokens to an unusable wallet address, where they are lost forever. Founder and CEO of Bru Finance Ashish Anand and Chief Blockchain Architect at Wrapped Asset Project Rohas Nagpal explain these two terms further, and how they can be best employed…

Bitcoin And Ethereum Struggles To Recover, AR And NMR Soars Significantly

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Despite the market condition, top currencies, Bitcoin and Ethereum, struggle to regain their values. On the other hand, some altcoins, AR, and NMR are showing a significant gain charm over 14-days. Since the Fed Reserve decided to raise interest rates and the May inflation report, Bitcoin has been floating in a small zone between $19,000 and $20,000. Thus, it is difficult for it to recover any significant upward pace. Related Reading | Solana (SOL) Stuck Below $33 In Past Days As Bearish Pressure Still Intact Bitcoin, the most valuable cryptocurrency,…

Bitcoin price spikes to $20K as whale bought BTC confirms support

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Bitcoin (BTC) rose to clip $20,000 for the first time in five days on July 4 as the Independence Day holiday brought some unexpected gains. BTC/USD 1-hour candle chart. Source: Tradingview.com $20,000 briefly reappears Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to $20,085 on the day, its best performance since June 30. The pair had spent most of the holiday weekend at around $19,000, but the absence of Wall Street trading ultimately proved no obstacle for bulls.  Thinner weekend order books likely exacerbated volatility compared to underlying volumes,…