Day: August 11, 2022

Glassnode Report Shows Bitcoin And Ethereum Derivatives Gain Massive Traction

The 2022 crypto winter seems to be one of the most severe bearish trends in cryptocurrency history. This saw the entire crypto market cut down by over 50% in value since the beginning of the year. Also, the situation in the crypto market got worse with the collapse of the Terra-LUNA ecosystem. However, the crypto market is recovering slightly from its trauma in the year’s first half. Bitcoin price is suddenly picking up despite its week’s instability and swings. According to the data from Glassnode, a blockchain analytics firm, the…

Crypto Exchange Development: Its Core Features, Benefits & Costs

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Millions of people now engage in the hobbies of crypto mining and trading. Customers and financial institutions are using virtual currencies, despite the predictions of doubters that they will fail. The positions of Bitcoin and other cryptocurrencies have not altered substantially. This sector, however, is dominated by a few of the larger crypto platforms. There is still a lot of room in the market for a custom exchange software built from the bottom up. But how can you design a cryptocurrency system that is both safe and trustworthy, and that…

Component NFTs Are The Next Big Thing, And Cradles Will Lead The Way

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Non-fungible tokens or NFTs have never been more popular, thanks largely to the interest and exposure of the last couple of years, particularly in the art and collectible scene. It has also enjoyed great success in the same period within the blockchain gaming sector. While the technology itself has been around since at least 2016, NFT art and especially more recently, NFT gaming, have emerged as solid evidence that utility in the crypto space transcends the buying and selling of digital assets to something a bit more tangible and relatable.…

When Will The Crypto Bear Market End?! BEST Predictions!

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Belarus Issues International Arrest Warrant for Owner of Country’s ‘Largest Crypto Exchanger’ – Exchanges Bitcoin News

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Law enforcement officials in Minsk are seeking international assistance to locate and detain the man who ran what is said to be the biggest online exchanger for cryptocurrencies in Belarus. The crypto trader has been accused of tax evasion and an investigation against three of his accomplices has estimated the losses for the state at $3.5 million. Belarusian Operator of Bitok.me Now Wanted Internationally for Tax Offenses Authorities in Belarus have recently completed a criminal investigation against three residents of the city of Lida, who helped the owner of an…

Ethereum Miners Face an Abrupt Change Following the Merge

Ether (ETH) mining is popular because of its profitability, the bank said, and a shift to mining other cryptocurrencies could mean a hit to profits in the near term. In addition, the sudden influx of large mining pools to a different coin could squeeze margins for the incumbents, the report added. Those ether miners using ASIC (application-specific integrated circuits) equipment have few alternatives beyond Ethereum Classic. Source

Cardano Tests $0.51 Support – Can ADA Reach Safe Zone And Hit $0.67?

Cardano spikes by 5% as seen on the daily price chart Bulls likely to touch bullish triangle from $0.67 to $0.69 ADA at risk of retreating to $0.50 Cardano (ADA) price is looking straightforward bullish today bouncing back from yesterday’s dip. However, the price isn’t completely out of risk. ADA plunged to roughly $0.5067 yesterday and then increased to more than 5% shooting to $0.5401 today. ADA Price Spikes By 5.41% According to CoinMarketCap, ADA price has spiked by 5.41% or $0.5394 as of this writing. Cardano’s price is largely…