Day: August 10, 2022

Bitcoin Surge Towards $24k As CPI Report Show Inflation Cooling

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Bitcoin surged after July’s CPI data showed that inflation has started to decline after several months of record-breaking rates. Similar to earlier instances, the price of bitcoin climbed close to $24,000. CPI Report Boost Bitcoin Price According to the Consumer Price Index report (CPI) that the U.S. Bureau of Labor and Statistics released on Wednesday, consumer costs remained unchanged, putting inflation at 8.5%. Prior to this, analysts anticipated that the index, which analyzes price changes across a wide range of products and services, would increase by 0.2% to reveal inflation…

Could Today’s CPI Data be Bullish? – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock  After Bitcoin slumped just under 5% on Tuesday, it hovers above $23,000 at time of writing, after Coinbase’s Q2 earnings were released. They reported a 63% decline in revenue in the second quarter, hence leading to a $1.1 billion loss from a year ago, despite its monthly customer rising from 8.8 million to 9 million. This demonstrates further how impactful the macroeconomy has been have been for many crypto exchanges during the past few months. Coinbase also predicted that over the…

MARKETS ON THE EDGE – BITCOIN, CRYPTO, STOCK MARKET UPDATE #bitcoin #crypto #stockmarket

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Here’s how I can help you Courses One on one Coaching Connect with me here: Website: Twitter: Instagram: LinkedIn: Facebook: YouTube: Podcast: —– Greg is a serial entrepreneur, real estate developer, coach, and mentor. He has bought, developed and sold over $250 million in real estate, built and renovated hundreds of custom homes and commercial buildings, developed residential and mixed-use subdivisions and started 12 different companies from the ground up. Greg currently mentors some of the top entrepreneurs, real estate investors and…

Corn Farmers Hedge Their Crops With Futures. This Solana DEX Wants Vaildators to Follow Suit

Cypher seeks to change that with a new futures product planned for later this quarter. Called a “validator vault,” it will help validators lock in the price of SOL they expect to receive at the end of every Solana “epoch,” about two days. Core contributors Barrett and Alex discussed the plans with CoinDesk at the mtnDAO hacker house here, which Cypher is hosting. Source

Fractional NFT Markets Slide 76% in Value in 7 Months, Diced-up Doge NFT Still Leads the Pack – Blockchain Bitcoin News

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When non-fungible token (NFT) collectibles became popular, the fractionalized NFT market grew past the $200 million range seven months ago in December 2021. Since then, the fractionalized NFT market has lost more than 76% in value, dropping to an overall market capitalization of around $50 million. Fractional NFT Market Value Slides From $212 Million to $50 Million The fractionalized NFT market followed alongside the sizable growth the entire NFT industry saw last year. At its height in December 2021, the overall fractionalized NFT market valuation was approximately $212.6 million, according…

Wealth managers and VCs are helping drive institutional crypto adoption — Wave Financial execs

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Two executives at Wave Financial, an asset management firm providing bespoke strategies to high-net-worth individuals and entities, have reported seeing increased institutional demand for crypto products amid the bear market. Speaking to Cointelegraph at the Blockchain Futurist Conference in Toronto on Wednesday, Wave Financial’s head of business development Mike Jones said institutional investment in crypto could be driven by the high end of wealth management firms including Morgan Stanley, Merrill Lynch and Goldman Sachs looking for ways to allow their clients to get exposure to the space. Jones cited the…

How young people are hooked on cryptocurrency and NFTs – BBC News

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The lure of making a quick buck has always attracted young people to invest in risky assets. For Generation Z, it is the volatility – and the decentralised nature – of digital assets such as cryptocurrency and NFTs which appeals. Gen Z – also known as Zoomers – are the age group born between the mid-1990s to early-2000s. Cryptocurrencies are digital currencies while a non-fungible token (NFT) is a way of owning an original digital image, touted as the digital answer to…

Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

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It’s a story that still haunts the early generation of Canadian crypto users to this day. Four years prior, Gerald Cotten, co-founder of Canada’s then-largest cryptocurrency exchange QuadrigaCX, died under mysterious circumstances in India. But, before his passing, Cotten took virtual keys for digital wallets and moved them into cold storage, leading to the permanent loss of $190 million in user funds. The incident triggered a crisis of confidence in the country’s emerging crypto sector and made regulators deeply skeptical of blockchain technology. However, old wounds eventually heal. Fast forward…