Day: August 31, 2022

Bitcoin Claws Back Above $20K; Singapore Bank Head’s Speech Reflects Growing Crypto Hostility

Ether was recently trading near $1,600, a roughly 3% gain over the past 24 hours after the second largest crypto in market value also rallied late. ETH been struggling to hold support above $1,500 for the past few days. Most other cryptos in the CoinDesk top 20 spent much of the day in the red. Popular meme coin DOGE and DOT were recently off more than 2% and 1%, respectively. Trading volume was tepid compared to a week ago. Original Source 20KBankBitcoinClawsCryptoGrowingHeadsHostilityreflectsSingaporeSpeech CryptoX Portal

Miners To Experience An All-Time High Bitcoin Mining Difficulty, What’s Next?

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Bitcoin, a proof-of-work (PoW) blockchain, depends on its mining process to ensure the security and stability of its network. This involves the activities of miners that utilize special mining machines and electricity to operate Bitcoin nodes. Over the years, mining attracted different miners when BTC prices were high. However, the BTC mining difficulty and the network hash rate have their role to play in block rewards. From a recent report, the BTC mining difficulty is about to hit a new 7-month high this week. The trend of activities is creating…

How to invest in Cryptocurrencies using Coins.ph in 2022 | Bitcoin investment 2022

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io A guide for a begginers on how to invest in cryptocurrencies using their mobile phones. The commonly used so called Bitcoin had dominated crypto world in terms of prices and use case. This is a simple step on how to aquire some of its token but be reminded that risk on volatility must be observe. Thank you. #bitcoin #investment #how to invest in bitcoin #bitcoinnews #bitcoin2022 ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Moonbirds will store NFT art ‘in chain’ — Raises $50M in Series A funding

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PROOF, the private community behind the Moonbirds NFT collection, has announced it is shifting its blue-chip collection completely “in chain” — allowing images to be fully contained within the underlying smart contract.  In a community live stream named “Future PROOF” on Aug. 30, Harri Thomas, director of products at PROOF explained that the new approach will mean that in the future, the viewable image of a Moonbird NFT will be “constructed from the contract itself from art layers, which are going to be stored on the blockchain.” “We’ve talked about…

Bitcoin Price Below Psychological Level $22,000; Is The Next Stop At $17,000?

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Bitcoin price over the last 24 hours moved south on its four-hour chart. Very recently Bitcoin had rose above the $20,000 price mark but the bears failed to hold the asset at that price mark. In the last 24 hours, the coin was mostly consolidating on its chart. In the past week, BTC fell by 9%. There was substantial demand in the lower levels. The less demand in return was pulling the price of the crypto below the immediate resistance mark. The technical outlook for the coin was bearish given…

Scaling a Home Crypto Mining Farm

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Thanks to PrimeXBT for Sponsoring this Video PrimeXBT: Use Promo Code SonofaTech at sign up for a %50 bonus Affiliate Links Amazon: HiveOS: Trezor: Cryptocom: CashApp: PrimeXBT: sonofatech.com/primexbt Parallel Miner: Coinbase: MyTiki: #ethereum #eth #crypto ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

JPMorgan Advises Investors to Sell Crypto, Buy Value Stocks — Says the Fed Overestimates Strength of US Economy – Markets and Prices Bitcoin News

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The chief global strategist of JPMorgan Asset Management has advised investors to focus on valuations, invest in value stocks, sell crypto, and steer clear of bitcoin. “The Federal Reserve is overestimating the strength of the U.S. economy as it feels guilty about the fact that inflation went up under their watch,” he said. JPMorgan Strategist’s Recommendations JPMorgan Asset Management’s chief global strategist, David Kelly, has some advice about what investors who are worried about a hawkish Federal Reserve should invest in. Following the speech by Federal Reserve Chairman Jerome Powell…

Compound cETH market bricked by update — 7-day wait on vote to fix it

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Decentralized lending platform Compound has been plagued by a code bug in a recent governance proposal to update its price feeds.  The code error has “temporarily frozen” the Compound ETH (cETH) market, causing cETH transactions to revert, but Compound Labs stated that despite the front end not working, “funds are not immediately at risk.” Compound Labs announced on Aug. 31 that the code bug came from Proposal 117: Compound Oracle Upgrade v3, which was implemented a couple of hours ago to update the oracle contracts on the Compound protocol to…

Fed’s Moves To Fight Inflation Are Bad For BTC Traders In Short-Term

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The raging inflation and the Federal Reserve’s approach to fighting it have seemingly affected the crypto market negatively. The first sell-off trend started when the Feds announced an interest rate hike in July 2022. Even though the Terra Luna crash worsened the situation, the market was already on the brink of collapse. Many people panicked and didn’t want to pay high interest on their crypto gains. Since then, the Feds have come up with many unfavorable decisions in the inflation fight. Recently, Jerome Powel announced a stricter approach on August…