Day: October 25, 2022

Western Union may be planning to expand its digital offerings far beyond remittances

Western Union may be preparing to offer crypto-related services, judging from trademark applications filed by the company last week. This is the latest of several attempts the company has made to enter the cryptoverse. So far, it has had limited success. Western Union filed for three trademarks on Oct. 18. According to trademark attorney Mike Kondoudis, activities covered by the applications include managing wallets; exchanging digital assets and commodities derivatives; issuing tokens of value and brokerage and insurance services. Western Union is a major provider of cross-border remittance services, and…

Ethereum Leads Crypto Rebound, ETH Price Heads For $1,500

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The crypto market is finally showing relief after days in consolidation mode; Ethereum is leading the market with significant profit on lower timeframes. The second crypto by market capitalization is reclaiming its position as a market leader. The last time ETH’s price displayed this price action was in September before “The Merge.”  At the time of writing, Ethereum trades at $1,460 with a 10% profit in the last 24 hours and seven days, respectively. In the crypto top 10 by market cap, other cryptocurrencies are following ETH and trading in…

This Bitcoin On-chain Retest Can Change Market’s Course, Here’s How

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Bitcoin new address momentum is approaching a retest that could change the course of the crypto’s price, if history is anything to go by. Monthly MA Of Bitcoin New Addresses Is Currently Retesting The Yearly MA According to the latest weekly report from Glassnode, new address momentum is currently on the verge of a push higher. The “new addresses” is an indicator that measures the total number of new addresses coming active on the Bitcoin blockchain. To know whether the crypto is seeing a sufficient amount of push in new…

Binance USD Supply Increases Amid Heated Stablecoin Wars

The aim behind stablecoins development was to provide stability over the highly volatile nature of crypto assets. This means that stablecoins hedge your funds against the impact of macroeconomic factors like inflation. Currently, stablecoins represent about 15% of the total crypto market cap of over $933 billion. Several prominent firms have created their stablecoins. Usually, the coins are pegged on a ratio of 1:1 to major global fiat currencies like USD, EUR, or GBP. The Binance USD (BUSD) is a notable stablecoin from the leading crypto exchange, Binance. It is…

Ethereum Sonrası Kazılabilir Coinlerin Getiri Listesi | Ekran Kartı Madenciliği | Mining

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Herkese merhabalar; Bu videoda Ethereum kazımı bittikten sonra kazabileceğimiz alternatif kripto varlıkların getirilerini inceledim. Herkese iyi seyirler dilerim. — SOSYAL MEDYA Discord – Forum – Twitter – Instagram – — KAYNAKLAR Sebs FinTech Channel – Kazılabilir Coinlerin Getiri Listesi – — BÖLÜMLER 00:00 Videonun Konusu 00:44 Excel Tablosu Neye Göre Hazırlandı 02:36 Excel Tablosu Bölüm 1 04:56 Neden ETC Hesaba Katılmamış 06:02 Excel Tablosu Bölüm 2 08:05 Kendi Düşüncelerim 11:50 Çekiliş — Eğer benimle bu video vasıtasıyla tanıştıysanız, size kısaca bu kanalın…

Why Crypto Is So Popular in Turkey

Crypto fever is palpable in Istanbul. The area around the Grand Bazaar hosts several small businesses where you can just walk in and exchange cash for bitcoin (BTC) or tether (USDT). My colleague said the first thing she saw at Istanbul airport was a huge crypto ad. There are at least 8 million people in Turkey engaged in crypto, according to an estimate in a 2022 research report by the Turkish crypto exchange Paribu, one of the largest crypto exchanges in Turkey. Just last week, President Recep Tayyip Erdoğan highlighted…

Sub-$20K Bitcoin price puts BTC miner profits under pressure as hash rate soars

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October witnessed a surge in Bitcoin’s (BTC) hash rate which is pushing the metric to a new high of 245 Exahashes per second. These changes led to a sharp decrease in the hash price, resulting in a drop in the profit margins for BTC miners reaching a low of $66.8 USD/PH (per one quadrillion hashes per second) on Oct. 24, 2022. According to Luxor Technologies, “hashprice” is the revenue BTC miners earn per unit of hash rate, which is the total computational power deployed by miners processing transactions on a…

US lawmakers question regulators over ‘revolving door’ with crypto industry

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Several Democratic members of the United States Senate and House of Representatives have requested information from top regulators and agencies in the country regarding crypto firms hiring government officials upon their departure. In letters dated Oct. 24 addressed to the heads of the Securities and Exchange Commission, Commodity Futures Trading Commission, Treasury Department, Federal Reserve, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and Consumer Financial Protection Bureau, five U.S. lawmakers asked for a response in regard to the steps the government departments and agencies were taking…