Day: August 3, 2022

Is it ever worth the risk?

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The cryptocurrency space is expected to reach 1 billion users in 2030. While some have been known to make a fortune off of it, others have ruined their finances, chasing similar results, going as far as getting credit to buy crypto by putting up valuable assets, including their homes, as collateral. Borrowing to invest can make sense under very specific conditions, but using a home equity loan is also extremely risky. For example, it means that an investor’s home is being put up as collateral on loan. Cryptocurrencies have, in…

Bitcoin miners now hold 1.856M BTC in 2-year high — new data

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Bitcoin (BTC) miners now own more BTC than at any time since 2020 as the impact of the past months’ turbulence wears off. According to data from on-chain analytics firm CryptoQuant, miners’ BTC holdings increased dramatically in July. Miners keep stacking sats In the latest sign of miners recovering from recent price weakness, the amount of BTC in their wallets has hit a fresh multi-year high. As originally noted by CryptoQuant contributor and analyst Jan Wuestenfeld, their combined balance totaled 1,865,272 BTC as of July 29. The start of August…

Stock Market News❗ Should You Buy The Dip👈#stockmarketnews

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Stock Market News❗ Should You Buy The Dip👈 @LIKED CRYPTO I this video we talk about the CPI report and should you buy the dip, since the DOW Jones has been going up the week after the CPI report than going the the week after interest rates go up. liked crypto,stock market news,stock market,stocks,cnbc,how can i get stock market news fast,how to get stock market news fast,how to know news of stock market,cpi report,inflation,buy the dip,buy the dip meaning,buy the dip stocks,buy…

BTC, ETH Rebound as Global Markets React to Pelosi’s Visit to Taiwan – Market Updates Bitcoin News

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Bitcoin and ethereum were both trading higher on Wednesday, as global financial markets reacted to the tensions caused by U.S. House Speaker Pelosi’s visit to Taiwan. The price of gold dropped by nearly $40 late on Tuesday, after securing a one-month high, while the S&P 500 also faced a turbulent session. Bitcoin Bitcoin (BTC) was trading higher on Wednesday, as prices of the token rebounded following five days of consecutive declines. Following a low of $22,710.08 during Tuesday’s session, the world’s largest cryptocurrency rallied to a high of $23,446.87 earlier…

Experts Forecast Entry Points In Ethereum Hedge Funds Retail And Institutions

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Amid the negative U.S. GDP record and high Fed rate, there seems to be a positive turning for some digital assets, especially Ethereum. For example, the global second largest cryptocurrency by market cap, Ethereum (ETH), is staging a solid bounce back. Over the past few days, Ether has progressively increased as it surges to $1,774 in its market. This has created a new phase for the crypto assets with more growing impressive within the industry. From the perspective of Raoul Pal, a crypto expert, Ethereum is likely to display continuous…

Banking Platform Galoy Raises $4M for Bitcoin-Backed Synthetic Dollar

“Bitcoin has brought digital transactions to previously unbanked communities across Latin America, Africa and beyond,” said Galoy CEO Nicolas Burtey in a press release. “However, its volatility makes managing financial obligations difficult. With Stablesats-enabled Lightning wallets, users are able to send from, receive to, and hold money in, a [U.S. dollar] account in addition to their default BTC account. While the dollar value of their BTC account fluctuates, $1 in their USD account remains $1 regardless of the bitcoin exchange rate.” Source

Nomad reportedly ignored security vulnerability that led to $190M exploit

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The exploit took place due to a smart contract vulnerability that saw hundreds of users other than the hacker also get involved, taking away as much as they can by simply copy-pasting the transaction data used by the initial hacker and changing the wallet address to theirs. The event was later deemed as a decentralized robbery by many due to the involvement of normal community members. Later, the Nomad team revealed to Cointelegraph that some of the people who took funds were acting benevolently to protect the crypto from getting into…

Top Crypto TA Expert Predicts 12k Bitcoin THIS YEAR… Stock Market “Flush” Coming | Gareth Soloway

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Why is Bitcoin going down? Will cryptocurrency rise again in 2022? Today we are joined by veteran trader Gareth Soloway to talk bitcoin, ethereum, altcoins, & MORE! LEAVE A COMMENT 👈 Follow Gareth: 🔴 Kevin Smith Makes Crypto History with First Ever NFT Film (Huge Moment) 📈 Vitalik Buterin – The Ethereum Merge Will Change Everything For Crypto 🎬 Why Spike Lee is BULLISH on Bitcoin and NFTs Altcoin Daily, the best cryptocurrency news media online! Is bitcoin a good investment 2022?…

Tax Agency Vows to Go Hard After Koreans Using Crypto to Evade Levies – Taxes Bitcoin News

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South Korea’s tax administration has pledged to take strict measures against tax evasion through virtual assets and platforms. While the Korean government is yet to start taxing capital gains resulting from crypto investment and trading, authorities in Seoul claim cryptocurrencies have been actively used for money laundering. Korean Citizens Accused of Investing in Crypto Assets to Dodge Taxes The National Tax Service (NTS) of South Korea intends to take severe actions against tax evasion practices relying on virtual assets, such as cryptocurrencies, and platforms operating with them, the Korea Herald…

Ethereum’s Last Rehearsal Before the Merge

Just last week, Ethereum developers announced the parameters for which the Goerli merge will occur. The test is a two-step process, with the first step happening most likely today or tomorrow (August 3-4). This first step is known as Bellatrix, which is when Goerli’s Beacon Chain, Prater, upgrades in preparation for the testnet merge. Bellatrix will be completed at epoch 112,260. Once Bellatrix is activated, it will next merge with Goerli when it hits a Terminal Total Difficulty (TTD) of 10,790,000. After the two merge, Goerli will continue to run…