Month: September 2022

Cryptography Network Lit Protocol Raises $13M to Bolster Web3 Autonomy and Interoperability

Lit aims to give individuals agency within Web3 ecosystems by giving users a private key that is interoperable across decentralized finance (DeFi), decentralized autonomous organizations (DAO) and non-fungible tokens (NFT) on Ethereum Virtual Machine (EVM), Cosmos and Solana chains. Lit protocol founder David Sneider said users will have greater security and autonomy over their data and digital assets. Source

‘Investors Are Running out of Havens’ — Erratic Behavior in US Bond Markets Points to Deep Recession, Elevated Sovereign Risk – Economics Bitcoin News

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Yields on long-dated U.S. Treasuries have been erratic this year and this week, the 10-year Treasury yield crossed 3.5% for the first time in a decade. Following the Fed’s 75bps (basis points) rate hike, 10-year notes reached 3.642% and two-year Treasury notes jumped to a 15-year high at 4.090%. The curve between the two- and 10-year notes indicates the chances of a deep U.S. recession have grown stronger, and recent reports say bond traders have been “confronted with the wildest volatility of their careers.” 2 Quarters of Negative GDP, Red-Hot…

Dig deeper with Market Talks

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In this week’s episode of Market Talks, we welcome Yashu Gola, a Mumbai-based financial analyst and technology journalist at Cointelegraph with a strong focus on Bitcoin (BTC), smart contracts, exchange assets, nonfungible tokens, commodities and global stocks. Gola has been covering the cryptocurrency industry since 2014 and does not expect to stop anytime soon. First things first, the United States Federal Reserve has just announced a 75-basis-point increase in interest rates, which resulted in the markets taking a tumble. Why did this happen, what difference does it make to you,…

South Korean gov has confiscated 260B won in crypto for non-payment of taxes since 2021

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According to regional news outlet mk.co.kr, the South Korean government has seized over 260 billion Korean won ($180 million) worth of cryptocurrencies over the past two years due to tax arrears. The country’s politicians enacted regulations allowing for the seizure of digital currencies for tax delinquencies and began enforcing them last year. One individual living in Seoul, dubbed “Person A,” had 1.43 billion won (roughly $101.6 million) worth of tax arrears and his cryptocurrency exchange account wseized by the authorities. The account contained 12.49 billion won (about $88.7 million) of…

Guadagna Bitcoin Senza Fare Niente Con Il Mining dal Telefono – Come Guadagnare Online Criptovalute

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XRP Hits 4-Month High, ALGO up 17% on Thursday – Market Updates Bitcoin News

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XRP moved to a fresh four-month high on Thursday, which comes as volatility in the crypto markets eased, following the latest U.S. Federal Open Market Committee meeting. The token rose past a key hurdle in today’s session, hitting its highest point since May. Algorand was another notable mover, with prices climbing by as much as 17%. XRP raced to a four-month high on Thursday, after hovering close to this milestone during yesterday’s session. XRP/USD rose to a high of $0.4461 on Thursday, as prices moved past a resistance point of…

This Bitcoin long-term holder metric is nearing the BTC price ‘bottom zone’

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A Bitcoin (BTC) on-chain indicator, which tracks the amount of coin supply held by long-term holders (LTHs) in losses, is signaling that a market bottom could be close. Eerily accurate Bitcoin bottom pundit As of Sept. 22, approximately 30% of Bitcoin’s LTHs were facing losses due to BTC’s decline from $69,000 in November 2021 to around $19,000 now. That is about 3%–5% below the level that previously coincided with Bitcoin’s market bottoms. For instance, in March 2020, Bitcoin price declined below $4,000 amid the COVID-19-led market crash, which happened when…

Why “Low” Capitulation Might Hint At More Pain For Bitcoin Price

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The Bitcoin price is stuck in a tight range following yesterday’s U.S. Federal Reserve (Fed) announcement on monetary policy. Macro forces have taken over global markets increasing the correlation across all asset classes. For a deep dive into how the Fed 75 basis point hike affected the Bitcoin price, and a look into the crypto market’s internal dynamics, check out the analysis from our Editorial Director Tony Spilotro. Link below: At the time of writing, the Bitcoin price trades at $18,900 with a 2% and 7% loss in the last…