Day: October 14, 2022

Crypto Exchange Binance Announces $500,000,000 in Funding To Support Critical Bitcoin Sector

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The world’s largest crypto exchange platform is announcing plans to raise hundreds of millions of dollars to support Bitcoin (BTC) mining. In a new company press release, Binance says it is launching a $500 million fundraising pool to support the crypto mining industry. “As one of the world’s leading crypto mining pools, Binance Pool has a responsibility to help maintain a healthy digital asset ecosystem. In light of current market conditions, Binance Pool is launching a $500 million lending project to support crypto miners and digital infrastructure providers. The first…

Fed governor Waller says US CBDC would not enhance things the world loves about US fiat

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A United States central bank digital currency (CBDC) would not enhance the qualities of the U.S. fiat dollar that foreign companies value most, U.S. Federal Reserve Board governor Christopher Waller in a speech released Oct. 14. CBDC skeptic Waller took a look at the question through the lens of national security at a symposium held at Harvard University. Waller had a more favorable view of dollar-backed stablecoin. The role of the U.S. dollar worldwide is an area where economics, CBDCs, and national security dovetail, Waller said. The indisputable primacy of…

3 emerging crypto trends to keep an eye on while Bitcoin price consolidates

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This week, Bitcoin’s (BTC) price took a tumble as a hotter-than-expected consumer price index (CPI) report showed high inflation remains a persistent challenge despite a wave of interest rate hikes from the United States Federal Reserve. Interestingly, the market’s negative reaction to a high CPI print seemed priced in by investors, and BTC’s and Ether’s (ETH) prices reclaimed all of their intraday losses to close the day in the black.  A quick look at Bitcoin’s market structure shows that even with the post-CPI print drop, the price continues to trade…

CPU Mining – Theta FITA & Profitability

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Not sure why the project choose a name already taken by popular currencies or other projects, but we take a look at FITA and calculate profits for this CPU mineable coin. Follow me on these Social Media platforms: 👉 Twitter – 👉 Twitch – 👉 Reddit – 👉 Instagram – 👉 Facebook – 🔥I got Merch now, DOGELORD is hosting SerpentX Merch!!🔥 👉 🔥🔥🔥 My recommended Tech & Crypto Mining Hardware 🔥🔥🔥 Amazon Store: 👉 Need Mining Equipment, like ASICs, Miners, or…

Blockchain Bridges Keep Getting Attacked. Here’s How to Prevent It

As these examples suggest, focusing on the shortcomings of bridges while failing to address ground-level security measures is not the way forward. Bridges per se are not the problem; technology is, after all, agnostic. The most common factor across exploits is human error. Post-hack investigations and subsequent fixes often serve to highlight our age-old tendency to close the barn door only after a horse has bolted. Source link

¿Por qué las criptomonedas se dispararon tras las malas noticias sobre la inflación?

Ro es divertido y serio: todo junto. La política monetaria de la Fed llegó para dominar las predicciones de los precios de los activos y convirtió a los mercados de activos en un gran juego para lograr adivinar al presidente de la Reserva Federal, Jerome Powell. Esto, a menudo, lleva a los precios de los activos a comportarse de manera inversa a sus fundamentos en el corto plazo. Incluso antes de la lucha contra la inflación, por ejemplo, era muy común que un sólido informe sobre el empleo hundiera al…

Argentina Introduces New Exchange Rates to the Mix — ‘Qatar’ and ‘Coldplay’ Dollars Go Against IMF’s Warnings – Economics Bitcoin News

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The government of Argentina, which is currently applying dollar exchange controls, has added two new dollar exchange rates into its arsenal: the “Qatar” and “Coldplay” dollars. However, Kristalina Georgieva, managing director of the International Monetary Fund (IMF) has made declarations against these measures, stating they are not a substitute for “sound macroeconomic policies.” Argentina Introduces ‘Qatar’ and ‘Coldplay’ Into Its Dollar Exchange Rate Arsenal While Argentina has been applying dollar exchange control measures since some time ago, the government is establishing even more types of rates for different purposes, making…

Barely halfway and October already the biggest month in crypto hacks: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. October is historically associated with the bulls, but in 2022, the month has also become the leader in crypto hacks as barely halfway through, and the DeFi ecosystem has already seen nearly a dozen hacks resulting in losses of hundreds of millions of dollars. The largest hack occurred on Solana’s DeFi platform Mango Markets on Oct. 11, resulting in a loss of over $100…