Day: September 6, 2022

China’s State-Backed Open-Source Blockchain Enlists Hong Kong’s HSBC, Emperor Group

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Crypto market witness massive decline

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #Crypto #CryptoCurrency #CryptoMarket #GlobalCryptoMarkets #Bitcoin #Ethereum It’s a bloodbath across global crypto markets…Bitcoin and Ethereum are seeing steep losses..A whopping $200 billion has been erased from the crypto market in a day as sell-off intensifies…Here is more details on it ———————– About the channel Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you…

CBDCs require governments to put a special focus on security

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Today’s financial world is becoming increasingly digitized, and naturally, central banks want to adapt to the changing environment. The use of cash is rapidly declining. Globally, the rise of digital payment apps and COVID-19 have only accelerated the decline in cash usage, fueling interest in digital currencies and demand for easier payment solutions. As crypto adoption continues to expand, the idea of central bank digital currencies (CBDCs) has also gained momentum. Governments across the world have been flirting with, and examining, the idea of issuing their own CBDCs, with a…

Hut 8 surpasses 8,000 BTC mark as it continues to HODL

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Canadian mining firm Hut 8 saw its Bitcoin holdings surpass the 8,000 Bitcoin (BTC) mark as it continues to accumulate self-mined holdings through depressed cryptocurrency market conditions. Hut 8 released its latest mining report for August 2022, which showed that it had increased its Bitcoin holdings by 375 BTC for the month to take its total reserves to 8,111 BTC. The mining firm a reported that it had mined 12.1 BTC per day at a rate of 125.8 BTC per exahash for the month. While other mining operators have been forced…

Where US regulators should draw the line

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Decentralized finance (DeFi), one of the fastest growing ecosystems in the cryptocurrency market, has long been a dilemma for regulators, given the decentralized nature of the space.  In 2022, United States regulators paid special focus to the nascent area with significant attention to ending the anonymous nature of the ecosystem. DeFi protocols allow users to trade, borrow and lend digital assets without having to go through an intermediary. DeFi ecosystems by nature are decentralized with the majority of projects being run by automated smart contracts and decentralized autonomous organizations (DAOs).…

What Might Restart the Crypto Bull Market? Bernstein Has Ideas

The most asked question by investors is when will the ether (ETH) market cap eclipse bitcoin’s (BTC) market cap, the note said. For digital assets as an asset class, what is more important is that it becomes more of an “innovation-driven, structural trend rather than a macroeconomic asset class.” Ether represents this “innovation-crypto,” and if it succeeds in building the blockchain digital economy, ETH could be adopted as digital money, the team argued. Source

Ethereum Classic (ETC) Produces A Godlike Candle, How Far Can It Go?

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Ethereum Classic (ETC) produced a godlike candle as the market’s sentiments changed to bullish against tether (USDT). The crypto market has become promising as most altcoins appear bullish, coming out of their shells with the like of Ethereum Classic producing double gains ahead of the “Ethereum Merge” sentiment pulling altcoins higher. (Data from Binance) Ethereum Classic (ETC) Price Analysis On The Weekly Chart  Weekly ETC Price Chart | Source: ETCUSDT On Tradingview.com The price of ETC has had a tough time in recent weeks, with the price falling to a…

ETH Above $1,600 as ‘Bellatrix’ Hard Fork Commences – Bitcoin News

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Ethereum rallied on Tuesday, as founder Vitalik Buterin confirmed a part of the “Merge” event was commencing today. In a tweet he stated: “What’s happening today is the Bellatrix hard fork, which prepares the chain for the merge.” Bitcoin was also higher, as it traded near $20,000. Bitcoin Bitcoin (BTC) briefly rose above $20,000 on Tuesday, as the token marginally increased in price following recent lows. After hitting a bottom of $19,673.05 on Monday, BTC/USD surged to a peak of $20,155.27 earlier in today’s session. Today’s move once again saw…