Month: September 2022

UK’s New PM Truss Picks Kwasi Kwarteng to Be Finance Minister

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How bitcoin's mining activity could point to a bottom for the cryptocurrency

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io A capitulation and shakeout of bitcoin miners is often associated with the late stages of a bitcoin cycle. Analysts say that the market is now in that period, which could signal a bottom for bitcoin is close. CNBC’s Arjun Kharpal runs through the technical analysis. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Voyager Kept Taking Buy Orders after Freezing Crypto Transfers. Now, This Trader is Stuck

Drawn to Voyager one year earlier by the perception of a stable, well-regarded crypto lender, exchange and yield farm, Baba had invested in crypto worth $32,000 at its height through the company’s app. Most of those assets have deprecated severely in the interim, and all of them are now stuck in bankruptcy limbo. Baba says he is not trying to get that money back. Source BitcoinBuyCryptocryptoexchangeExchangesFreezingOrdersStuckTraderTransfersVoyager CryptoX Portal

Pantera Capital’s Exodus Broader Than Previously Reported: Sources

They aren’t the only ones to leave recently. Last week, CoinDesk broke the news that Chief Operating Officer Samir Shah, a 12-year JPMorgan Chase veteran, abruptly left Pantera after barely two months on the job. Legal counsel Joe Cisewski left to become chief of staff for Christy Goldsmith Romero, a commissioner at the Commodity Futures Trading Commission, and Brian Flaherty, a finance manager, left in May after just over a year at Pantera, according to his LinkedIn page. Source

Carly Group Founder Predicts The Future Of Crypto Industry

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Despite the recent setbacks in the crypto industry, many are still hopeful for a better future outcome. In light of this, David Rubenstein has declared his profound support for the crypto industry. David Rubenstein is the co-founder of The Carlyle Group, a global equity investment company. Although many industries have been affected by the decline, Rubenstein thinks they will survive. The American billionaire businessman said he is optimistic about the digital assets industry. Regardless of the crypto regulatory constraint, Rubenstein speculated that some blockchain industries would succeed in the future.…

Hive Blockchain explores new mineable coins ahead of Ethereum merge

Cryptocurrency miner Hive Blockchain has been working to replace the mining of Ether (ETH) with other coins in the event of Ethereum’s upcoming transition to proof-of-stake, or PoS. The Canadian crypto mining firm has been analyzing options for mining with its GPU stash ahead of the Ethereum Merge, Hive said in its latest production update on Tuesday. According to the update, Hive started implementing beta-testing of various GPU-mineable coins this week as the Ethereum Merge PoS is expected to occur in mid-September. Hive’s technical division is specifically implementing a strategy…

Bitcoin Struggles To Claim $20,000 Mark Amid Bear Market

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Bitcoin shows no reversal, and many altcoins are still in the red zone. The market condition can be traced to several factors, such as the Federal Reserve’s hike in interest rates. A few weeks back, the crypto markets dropped even further after the announcement of the interest rate hike. Several altcoins, including Bitcoin and Ethereum, reacted negatively to the report. Bitcoin and Ethereum went down by 0.9% immediately after the Federal Reserve report. In 24 hours, they dropped by 2.4% and 2.0%, respectively. This motion brought the price of Bitcoin…

Crypto Investment Slowdown Will Continue Through Rest of 2022, Predicts KPMG

“Despite the crypto space collapsing significantly since mid-way through Q1 22 due to the unexpected Russia-Ukraine conflict, rising inflation, and the challenges experienced by the Terra crypto ecosystem, investment at mid-year remained well above all years prior to 2021,” noted KPMG in the “Pulse of Fintech H1 ‘22”report. “This highlights the growing maturity of the space and the breadth of technologies and solutions attracting investment.” Source