Day: October 12, 2022

Greg Foss says Bitcoin is a hedge against monetary inflation: Bitcoin Amsterdam

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As global inflation rumors continue to circulate, debates rage on both inside and outside of the decentralized finance space on whether Bitcoin is the answer. Inflation is a buzzword penetrating the finance world, both traditional and decentralized. International leaders continue to debate whether current circumstances can be deemed a recession. While financial industry experts ponder a solution to the situation. As cryptocurrencies continue to become regulated, adopted and pushed into mainstream view, questions as to whether digital currencies such as Bitcoin (BTC) are the answer. In the past, stablecoins have…

Finder’s Specialists Predict Ethereum Will Slip to $963 This Year, but End 2022 at $1,377 per Unit – Markets and Prices Bitcoin News

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46% of around 55 fintech and cryptocurrency specialists believe ethereum is undervalued following The Merge, according to a recent survey published by the comparison website Finder.com. With less than three months left in 2022, Finder’s panelists predict that ethereum will drop as low as $963 per unit this year, and they also expect ethereum to end the year at $1,377 per unit. 46% of Finder’s Experts Think Ethereum Is Undervalued, While 31% Think the Price Is Fair On October 11, 2022, Finder.com, the product and price comparison web portal, published…

NFT Infrastructure Company Gomu Closes $5M Seed Round

NFT Hub provides a customizable community hub and marketplace to NFT projects, allowing startup collections to more easily build an online space for their holders. “NFT communities can create custom marketplaces and token-gated communities in minutes, all without having any prior experience with blockchain technology,” said Gomu in a statement. Source ClosesCompanyGomuInfrastructureNFTSeed CryptoX Portal

Bitcoin Miner Crusoe Energy Buys Fellow Flared-Gas Operator GAM

Under the agreement, Crusoe will take over all of GAM’s operating assets across five states, the firm said in a press release on Wednesday. Those assets comprise more than 10 megawatts (MW) of operational bitcoin mining capacity, about 4,000 application-specific integrated circuit (ASIC) miners, a manufacturing facility in Louisiana, 24 employees and commercial relationships with several large-scale energy producers in North Dakota and Montana. GAM’s facilities will be using Crusoe’s patented technology for flared-gas mitigation. Source

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Ripple (XRP) Struggles As Bearish Divergence Emerges, Eyes $0.42 Support

XRP price slows down after several days as price remains bullish despite showing weakness. XRP trades above 50 and 200-day Exponential Moving Average as price struggles to regain bullish signs with the emergence of bearish divergence.  The price of XRP continues to hold strong and could retest $0.42 support.  The price of Ripple (XRP) continues to hold strong as the price aims to maintain its bullish price movement against tether (USDT). Ripple (XRP) and other crypto assets enjoyed a relief bounce in previous weeks that saw the crypto market cap…

Kazakhstan Legislature Pushes New Crypto Rules Forward: Report

The draft of at least some of this legislation was introduced only in late September, local reports show, indicating how quickly the new rules are moving forward. The bills address the issuance and circulation of “secured and unsecured digital assets,” according to Ekaterina Smyshlyaeva, a member of the lower house’s Committee on Economic Reform and Regional Development. Source

Paradigm Leads $40M Series A for Blockchain Data Startup nxyz

Spun out of the private, ad-free search engine Neeva, nxyz aims to create fast, reliable and scalable blockchain indexing and data infrastructure, taking real-time data directly from the chains and their associated applications. The platform will provide developers with an application programming interface (API) suite to utilize that collected data. Source