Day: October 5, 2022

Crucial US Jobs Report Could Test Fed’s Resolve, Bitcoin’s Resilience

CryptoX – Cryptocurrency Analysis and News Portal Friday’s Employment Situation report, scheduled for release at 8:30 a.m. by the Labor Department’s Bureau of Labor Statistics, will likely show a similar weakening in the job market, surveys show. According to FactSet, economists expect an increase of 250,000 jobs in September, in a slowdown from the 315,000 reported for the month prior. Source The post Crucial US Jobs Report Could Test Fed’s Resolve, Bitcoin’s Resilience appeared first on CryptoX. CryptoX Portal

South Carolina treasurer goes on Bitcoin ‘fact-finding trip’ to El Salvador

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Curtis Loftis, the treasurer for the U.S. state of South Carolina, spent five days in El Salvador as part of an “exploratory trip” on cryptocurrencies. According to an Oct. 5 announcement, Loftis was part of a delegation including South Carolina business leaders, rural health officials, and individuals “interested in the expansion of cryptocurrency and blockchain technologies” who met with officials from El Salvador’s government in an effort to understand the country’s efforts to adopt Bitcoin (BTC). The cryptocurrency has been legal tender alongside the U.S. dollar in the Central American…

Bitcoin Bulls Snap Back With The Bollinger Bands

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In this episode of NewsBTC’s daily technical analysis videos, we look at the latest move up in Bitcoin price using the Bollinger Bands across a variety of timeframes and explain why a close above the upper band could lead to a larger move to the upside. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): October 4, 2022 Biblical Bear Market Bottom Pattern Is Back The rounded bottom would be the second half of an Adam and Eve double bottom formation. This is the same pattern that resulted…

US CFTC as Crypto’s Regulatory Savior? Crypto Firms Might Not Like What They Get

The Senate Agriculture Committee bill – pushed by Behnam’s former boss, panel Chairwoman Debbie Stabenow (D-Mich.) – would give the CFTC an unprecedented ability to charge the crypto industry fees to fund the new oversight. The CFTC, with fewer than 700 employees, is tucked into a humble building in northwest Washington, D.C. It’s always been much smaller than the SEC, which employs more than 4,500, but these new fees could allow it to build up considerably. Source

Bitcoin’s Total Network Hashrate Hits an All-Time High at 321 Exahash per Second – Mining Bitcoin News

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According to statistics on October 5, the total computational power backing the Bitcoin network tapped a fresh all-time high reaching 321.15 exahash per second (EH/s). Just after the record high, the network’s total hashrate was coasting along above the 300 EH/s on Wednesday afternoon (ET) at around 303.87 (EH/s). Bitcoin’s Hashrate Reaches a Lifetime High in Terms of Hashes per Second On Wednesday, at block height 757,214, statistics from coinwarz.com shows Bitcoin’s total hashrate reached an all-time high (ATH). BTC’s network hashpower data indicates that the last hashrate ATH was…

GMX Token, Arbitrum Favorite Get Listed On Binance, What Next?

GMX price continues to show bullish strength as price increases on all timeframes, as there is no sign of retracement.  GMX is one of the arbitrum favorites listed on the Binance innovation trading interface.  The price of GMX holds above support as price trends on the daily timeframe to create new all-time highs.   GMX token (GMX) has continued to look bullish as the price trend week in week out on the Arbitrum network as GMX token gets listed on Binance innovative center. The price of GMX has seen a rosy…

Coinbase CEO Brian Armstrong Announces Soon-To-Be-Released Documentary About Crypto Exchange Giant

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A new documentary about crypto exchange Coinbase and the digital assets industry will be released on popular video streaming platforms on Friday. Coinbase chief executive Brian Armstrong says that over the last three years, the company has been working with 10-time Emmy award-winning director Greg Kohs for the new film entitled COIN. “We gave Greg and his team unprecedented access inside the company, showing the crazy ups and downs of building a tech startup all the way to us becoming  a public company. He shows it all – the good,…

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