August 2022

Bankrupt Crypto Lender Celsius Now Says It Likely Has Enough Cash to Last Through End of Year

August 19, 2022

According to Ferraro, since its last filing on July 29 Celsius has spent $40 million of its cash balance primarily on building out its mining site in Texas and on payroll. This week, the federal court presiding over Celsius’ bankruptcy proceedings approved the firm’s resumption of selling its mined bitcoin (BTC) to help pay operating costs. In July, Celsius mined $8.7 million worth of bitcoin, but the company’s operational and capital costs for the month exceeded those earnings. Source

Crypto Fear and Greed Index Shows Market Sentiment Remains Fearful – Market Updates Bitcoin News

August 19, 2022 boss

After the Crypto Fear and Greed Index (CFGI) dropped to significant lows and pointed to “extreme fear” in crypto markets at the end of May, and throughout most of June, today the CFGI rating is still in the “fear” zone, but it has seen an improvement. On June 19, the CFGI rating tapped a low score of 6 which means “extreme fear,” and 61 days or two months later, the CFGI rating now shows a score of 33 or “fear.” CFGI Ranking Score Shows Crypto Winter Continues to Keep Investor…

Crypto VC is back with a vengeance

August 19, 2022 boss

You’ve no doubt heard the expression, follow the money. Well, if you do that in the venture capital world, you’ll be led directly to crypto, blockchain and digital assets. After a modest summertime lull in venture financing, this week saw the announcement of two massive raises worth a combined $500 million. That’s $500 million VCs are allocating to crypto-focused startups at the intersection of Web3, blockchain infrastructure and decentralized communities. If you think funding deals have stopped amid the bear market, think again. I mentioned “summertime lull” at the outset,…

It Doesn’t Matter If They’re Wrong, Central Bankers Set Guidance for Crypto, Too

August 19, 2022

Sure, the Russian invasion of Ukraine, which central bankers and the Biden administration have noted to explain rising prices, wasn’t something anyone could have predicted, but that’s the point. In an economy that’s so heavily dependent on the broader, global economy, something unexpected happening is almost inevitable. Source

How Much Lunatics Token To Be Millionaire | LUNA,LUNC. #invest #cryptocurrency #lunat #lunatics

August 19, 2022

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Bitcoin Price Declines Below 50-Day MA, Is A Recovery Expected?

August 19, 2022 boss

Bitcoin price has no doubt had an interesting couple of weeks. After managing to recover from the crash that rocked the market in June, it is now back down to where it began, losing more than $3,000 in a matter of days. The swift decline has put the digital asset below key technical levels. So while the cryptocurrency had managed to maintain some bullish indicators after falling from $25,000 initially, it has now completely reversed this trend. Bitcoin Loses Technical Levels Bitcoin has seen a fast fall in its price,…

Independent Tether attestation reveals 58% decrease in commercial paper holdings

August 19, 2022 boss

An announcement from USDT issuer Tether Holdings Limited revealed information from an independent attestation about the company’s previous quarter’s performance. The reviewer, top accounting firm BDO Italia, assessed Tether’s assets as of June 30, 2022. Tether had previously announced a commitment to decreasing its commercial paper holdings by the end of August 2022. Data from the report revealed a 58% decrease in commercial paper exposure since the previous quarter from $20 billion to $8.5 billion. The chief technology officer of Tether, Paolo Ardoino, tweeted that Tether has plans to continue to…

Bitcoin Weekly Close Surprises As SHIB PUMPS! [Crypto Analysis]

August 19, 2022

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Bitcoin Price Short-Term Upswing In Peril As Bulls’ Aggression Dies Down

August 19, 2022 boss

Bitcoin price (BTC) is grappling to maintain the level above $23,500. BTC trying to crawl above $23,500 on August 18 Bulls’ aggression ebbing Immense selling pressure this week could invalidate the prevailing bearish price trend The king of crypto tries to keep the uptrend consistent which has peaked for over two months. Bulls Losing Their Aggression? Judging by the daily chart, it’s apparent that the bulls’ aggression is fading out and will need to exhibit a revolutionary strength to keep the price at a high level that has been playing…

What is an NFT and why are they so popular?

August 19, 2022 boss

Nonfungible tokens continue to captivate mainstream audiences around the world as Web3 technology grows at a rapid pace. Nonfungible tokens (NFTs) have been part and parcel of the cryptocurrency space for the last couple of years. Still, their value and utility across several industries have driven their proliferation into mainstream consciousness. Cointelegraph’s director of video production Jackson DuMont delves into the intricacies of NFTs, highlighting the importance of the underlying blockchain technology in proving ownership of digitally scarce assets: “NFTs provide unique, verifiable and immutable proof of ownership of digital…