Month: August 2022

Bitcoin Faces Trilemma, Can $20,000 Hold BTC Price From Weekly Low?

The price of Bitcoin (BTC) in recent weeks has had a remarkable bounce and run from its low of $19,000, with many calling for a bull run. BTCโ€™s price soon faced resistance and was rejected from the $25,200 mark as it formed a bearish rising wedge. The price of BTC broke out from the rising wedge, and BTC has struggled to hold off sell-off ahead of its daily (1D), weekly (1W), and monthly (1M) trilemma close. (Data from Binance) BTC Price Analysis On The Monthly Chartย  Monthly BTC Price Chart…

Bitcoin threatens 20-month low monthly close with BTC price under $20K

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Bitcoin (BTC) looked set to equal its lowest monthly close since 2020 on Aug. 28 as bulls failed to take control. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Odds stack up for a deeper dive below $20,00 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD criss-crossing $20,000 with hours until the weekly candle completed. The pair had been unable to make up for lost ground over the weekend, and just days from the end of the month, even $20,000 appeared vulnerable as support. At the time of writing, Bitcoin…

The number of crypto billionaires is growing fast, hereโ€™s why

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Satoshi Nakamoto has more than 1 million BTC, making him the largest Bitcoin holder. He is followed by the founders of Grayscale and Binance, who together have about the same amount of BTC as Satoshi Nakamoto. When looking at the largest Bitcoin holders, there are a few parties that stand out. Of course, Satoshi Nakamoto, with a total of 1,100,000 BTC, has more significant holdings than number two and three holders of Bitcoin, namely Grayscale and Binance. These companies have over 600,000 BTC and 400,000 BTC, respectively, numbers that most…

more reasons why bitcoin won't get to $30k. (last analysis and warning. Pls dont wait for $30k kids)

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Bitcoin Is A Hedge Against Poverty – Ark Invest CEO Cathie Wood

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Silver Supply Crunch Predictions, FDIC Issues Cease and Desist Order to FTX US, and More โ€” Bitcoin.com News Week in Review โ€“ The Weekly Bitcoin News

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Morgan Report founder David Morgan foresees a supply crunch for silver, and says that in ten yearsโ€™ time, it will be one of the best investments of the decade. One analyst, however, says if the precious metal falls below $18, itโ€™s โ€œvery possible that we could see silver get absolutely smoked.โ€ In other news this week, the Federal Deposit Insurance Corporation (FDIC) has issued a crypto-related cease and desist order to popular cryptocurrency exchange FTX US, and four others. All this and more, in the latest Bitcoin.com News Week in…

Former Korean Finance Minister Joins Hashed Open Research to Promote Blockchain

A senior South Korean government official has joined the research offshoot of blockchain VC Hashed. Kim Yong-beom is a well-known figure in his homeland, where he held the role of Vice Minister of the Korea Ministry of Economy and Finance up until last year. Since stepping down from the role, which had included liaising with domestic crypto companies, Yong-beom has elected to enter crypto in an advisory capacity. Now, heโ€™s flying the flag for the industry he once helped regulate. Government Minister Bigs up Blockchain It should come as no…

How To Mine Cryptocurrency On Android? (Ultimate Guide 2022)

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MakerDAO co-founder recommends DAI-USD depegging to limit attack surface

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In light of the recent discussions around depegging its native token from USD Coin (USDC) amid sanctioning of Tornado Cash, MakerDAO co-founder Rune Christensen reached out to the community explaining why free-floating DAI may be the only choice for the decentralized autonomous organization (DAO). In his blog post, โ€œThe Path of Compliance and the Path of Decentralization: Why Maker has no choice but to prepare to free float Dai,โ€ Christensen disclosed miscalculating the risks related to risk-weighted assets (RWA). He stated: โ€œPhysical crackdown against crypto can occur with no advance…

Crypto bear market 70% over || what next ? || cryptocurrency Tamil

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