Day: September 20, 2022

Can the Metaverse exist without blockchain?

The internet handles several million data transactions per second. The blockchain infrastructure is in its technological infancy compared to the current iteration of the internet. Yet, blockchain is not just an infrastructure layer; it is an economic layer too. These economic features of the blockchain can potentially address the challenges of the internet. In a blockchain-based world, the tokenomics of a metaverse (the new internet) platform allows more inclusive incentives. These metaverse applications can be inclusive from a shareholding (governance token) and user incentivization (utility token) perspective. Active participants in…

BTC Back Above $19,000 Ahead of FOMC Meeting – Market Updates Bitcoin News

boss

Bitcoin was trading marginally higher ahead of Wednesday’s United States FOMC meeting, where it is expected that the Federal Reserve will increase interest rates. As inflation continues to remain at elevated levels, many anticipate the Fed will raise rates by over 75 basis points. Ethereum was also up, after briefly falling below $1,300 on Monday. Bitcoin Bitcoin (BTC) was marginally higher on Tuesday, as markets began to prepare for tomorrow’s Federal Open Market Committee (FOMC) meeting. BTC/USD hit an intraday high of $19,639.48 earlier in today’s session, as prices rebounded…

MicroStrategy now holds 130,000 Bitcoin

MicroStrategy now owns 0.62% of all the Bitcoin (BTC) that will ever be mined. The company’s executive chairman, Michael Saylor, announced that the company bought another 301 BTC for roughly $6 million at an average price of $19,851 per BTC.  In sum, the company is one of the planet’s largest holders of the asset, owning 130,000 BTC. Apparently, Saylor likes round numbers, buying 301 BTC to reach the 130,000 milestone.  MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of…

ETH Backpedals After Hitting $1,800 Ahead Of Merge Last Week

As the integration has progressed, Ethereum’s price has slid precipitously. Since the general financial markets are facing a period of extreme pessimism, ETH could continue to fall over the next few days. On the morning of September 15th, the Merge went into effect. The price of ETH dropped 11.91 percent during the day, wiping off all of the gains it has made since September 14. The outlook for ETH after the integration is bleak because it suggests the crypto winter will continue through the summer months. In the time after this…

The ideal long-term cryptocurrency investment?

boss

As the cryptocurrency market matures, more governments throughout the world introduce legislation to tax proceeds from crypto-related activities, with traders often triggering taxable events that can lead to future complications. Avoiding paying taxes is illegal, but there are legal ways to dodge triggering taxable events while hodling onto one’s cryptocurrency holdings: Roth IRAs. These are individual retirement accounts (IRAs) with a special type of tax-advantaged system. Using IRAs to avoid triggering taxable events with cryptocurrency investments is a strategy that has been considered for some time, with North American mining…

Tour A Bitcoin Mining Farm In Nebraska!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Look inside this Compass Mining hosting facility in Nebraska! At this farm are over 10MW of power keeping bitcoin mining ASICs online. ——————————————– 🔎 Learn more about cryptocurrency mining! Compass hosts livestreams every week on WEDNESDAY and FRIDAY with the leading experts in cryptocurrency mining. Don’t miss them! 🔔 Subscribe: 💻 Every week, Compass sends a memo to over 10,000 professional miners and investors with the most important news and data in cryptocurrency mining. ✍️ Get the free newsletter in your inbox…

Okay Bears NFT Projects Signs Licensing Deal With IMG

Co-founded by graphic designer Kais and former engineer Suby, the project has promised merch drops, live events and brand collaborations for its holders, who rally behind the message “We’re All Gonna Be Okay.” Bruno Maglione, president of licensing at IMG, said that the Okay Bears’ “brand message and values” will be reflected in future creative collaborations and products. Source