Professors from The University of Sydney say that as governments consider different initiatives, they are overlooking crypto’s social and cultural significance; bitcoin and other cryptos rise. Source
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 CryptoX at the mtnDAO hacker house here, which Cypher is hosting. Source CornDEXfarmersFuturesHedgeSolanaValidators CryptoX Portal
Bitcoin miners have borne the brunt of the bear trend since it began. They watched cash flow plummet on their machines, forcing them to look to other ways to finance their operations. The natural response to this was for public miners to dip into their bitcoin reserves and begin selling off BTC to keep their operations going. For a time, it seemed miners would stop selling due to the recovery in price, but this is proving not to be the case. Miners Offload More BTC Bitcoin miners had sold off…
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…
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…
▶ 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…
Michael Safai, managing partner at Dexterity Capital, joined CoinDesk TV’s “First Mover” to discuss Coinbase’s second-quarter earnings and the outlook for the crypto exchange. Source
CryptoX – Cryptocurrency Analysis and News Portal The exchange’s sister company has been hit with several investigations over who uses its platform and the state of its reserves. Source The post Crypto Exchange Bitfinex May Be Facing Criminal Investigation in US appeared first on CryptoX. CryptoX Portal
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
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…