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Day: August 5, 2022
BTC Faces Some Important Tests in the Coming Weeks – Market Updates Bitcoin News
Exactly one month ago today, bitcoin was trading below $20,000 per unit as crypto markets continued to react to growing levels of inflation and central bank policy. However, a month later, the world’s leading crypto token has moved above $23,000, despite consumer prices rising to multi-decade highs. So with this in mind, where could bitcoin potentially be heading in the next few weeks? Current Market Status July saw bitcoin (BTC) mostly consolidate between a floor of $18,900, and a ceiling of $23,600, as volatility in crypto markets was higher in…
Coinbase Scrutiny Ratcheting Up As the Leading US Crypto Exchange Is Hit With Two New Lawsuits
The largest cryptocurrency marketplace in the United States is facing a new round of legal challenges from a pair of lawsuits. Coinbase is being slapped with two class action lawsuits on the heels of the U.S. Securities and Exchange Commission (SEC) scrutinizing the exchange over unregistered securities as a former product manager pleads not guilty to insider trading in a Federal court. In the first case, the law firm Bragar Eagel & Squire is suing Coinbase Global in the United States District Court for the District of New Jersey on…
Apecoin Price Rallies Ahead Of The $10 Mark
The price of Apecoin (APE) shows strength after bouncing from a weekly low of $3.10 against Tether (USDT). APE price has seen a relief bounce, with Bitcoin (BTC) rallying from a daily low of $19100 to a region of $23,000. (Data feeds from Binance) Price Analysis Of APE On The Weekly Chart Weekly Price Chart Analysis For Ape | Source: APEUSDT On Tradingview.com From the chart, the price of APE saw a weekly low of around $3.10, which has formed support. The price has built more momentum as it faces…
Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts
Crypto mining firm Core Scientific reported its operations produced 1,221 Bitcoin (BTC) in July even as the company powered down several times in response to demand on the Texas power grid. In a Friday announcement, Core Scientific said its month-over-month Bitcoin production had increased from 1,106 in June to 1,221 in July — roughly 10.4%. The firm reported curtailing operations “due to extreme temperatures at multiple data centers,” but also increased the number of its self-mining servers and hashrate by 6%, to 109,000 and 10.9 exahashes per second (EH/s), respectively. JULY 2022…
Isso Fez o Bitcoin Cair 42% e Pode Estar Acontecendo de Novo!!! Analise do BTC hoje!
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🤑 Ganhe até R$10.000 reais abrindo a sua conta e utilizando a Bybit: 🔶 Faça parte do nosso Clube de membros e tenha acesso a análises exclusivas 📈 📷 Siga no Instagram para conteúdos diários do mundo cripto! 👇🏻 🔥 Inscreva-se na lista de espera para disputar uma vaga na próxima vaga da Mentoria Criptotrader 👇🏻 ✅ Entre para o meu grupo gratuito do telegram! #Bitcoin #btc #binance #bybit #litecoin #ltc #ripple #xrp #estratégia #trade #analisebitcoin #analisecriptomoedas #bitcoinhoje #bitcoinaovivo #metaverso #moedasmetaverso #nfts…
Bitcoin Whales Turn Bearish?, What’s In Store For The Weekend
Bitcoin has been moving back and forth along the line between $22,500 and $23,500 with bears increasing their efforts over today’s trading session. The cryptocurrency has seen an increase in selling pressure from BTC whales. At the time of writing, Bitcoin (BTC) trades at $22,900 with a 2% profit in the last 24 hours and a 4% loss over the past week. In the top 10 by market cap, BTC is lagging while Ethereum, Binance Coin, Cardano, and Polkadot managed to remain in the green with profits over these periods.…
SEC Targeting All US-Based Crypto Exchanges in Widespread Securities Investigation: Report
The U.S. Securities and Exchange Commission (SEC) is reportedly investigating every US-based crypto exchange platform, including Binance. According to a new Forbes report, a US Senator Cynthia Lummis staffer is revealing that the regulatory body is looking into all 40 US-based crypto exchanges, including the world’s biggest crypto exchange platform Binance, for potential violations of the law. The staffer says that the platforms are in various stages of investigation and that the SEC is eagerly trying to resolve its dispute with the Commodities Futures Trading Commission (CTFC) over which agency…
230 Economists Warn the US Government’s Proposed Inflation Reduction Act Will Fuel Inflation – Economics Bitcoin News
Last week, Democrats unveiled climate and health care legislation called the “Inflation Reduction Act,” and there’s a lot of debate over the name of the proposed public policy measures. After the legislation was revealed, 230 economists sent a letter to the country’s House and Senate leaders warning that the proposed policies will actually fuel inflation. The letter stresses that there is an urgent need to curb America’s inflationary pressures, but further notes the “‘Inflation Reduction Act of 2022’ is a misleading label applied to a bill that would likely achieve…
Bitcoin Falls Initially on US Jobs Report, Grinds Higher Later
●Bitcoin (BTC): $22,898 +2.0% ●Ether (ETH): $1,677 +5.6% ●S&P 500 daily close: 4,145.19 −0.2% ●Gold: $1,791 per troy ounce +0.2% ●Ten-year Treasury yield daily close: 2.84% +0.2 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Source