October has been a bullish month for Dogecoin as the โDogefather,โ Elon Musk, takes over Twitter. Despite trading in the red at press time, the meme coin still holds over 90% gains. There has also been a rise in demand for the asset. This surge comes as many anticipate that DOGE would gain value due to Muskโs purchase of the social media giant. Dogecoinโs price increased from $0.05 on October 23 to $0.11 today, October 30, a gain of 93.%. In addition, the weekly DOGE chart reveals that the price…
Day: October 30, 2022
When your friend has better luck mining in Minecraft
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Crypto Exchange Binance Wants To Collaborate With Elon Musk on Running Twitter: Report
The worldโs largest crypto exchange by volume is reportedly creating a new team to help tech billionaire Elon Musk incorporate blockchain technology into Twitterโs business model. According to a new report by Reuters, Binance is planning to help the business magnate determine how crypto assets could be integrated into Twitter. Binance pledged to invest $500 million into Twitter earlier this year when the exchange heard about Muskโs plans to acquire it. Binanceโs team will reportedly look into finding crypto-based solutions to stifle the many issues Twitter has had over the…
Will Binance Oracle Hamper Chainlink Growth Amid The Bullish Run
Recently, the global leading crypto exchange Binance has created a record using Web 3. In addition, the giant crypto service provider recently unveiled its new decentralized Web 3 oracle network. The shift into Web 3 is skyrocketing gradually. More events, projects, applications, and activities are coming with more innovative additions. In addition, the new belief surrounding Web3 as the next future with greater possibilities fuels its popularity. Will Chainlink Continue Leading The Game? This new project from Binance serves as the first major competition to the other oracle services networks.…
Stablecoin HUSD Continues to Trade Below $1 Parity as Token Taps an All-Time Low at $0.72 โ Bitcoin News
After Huobi Global announced that it would be delisting the stablecoin HUSD and auto-converting customer balances 1:1 with tether tokens, the stablecoin asset has dropped significantly in value sliding to a low of $0.72 per unit. HUSD Remains Below the $1 Peg Another stablecoin is struggling to maintain parity with the U.S. dollar as HUSD has slipped from the $1 peg to $0.746 per unit on Oct. 30, 2022. At the time of writing, the stablecoin token is exchanging hands for $0.765 per unit and thereโs only $59,790 in global…
“This CRASH Will Make Many Millionaires…” Kevin O'Leary INSANE New Bitcoin & Ethereum Prediction
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io “This CRASH Will Make Many Millionaires…” Kevin O’Leary INSANE New Bitcoin & Ethereum Prediction Kevin OโLeary has become one of the most vocal and prominent figures in the crypto space over the last 12 months. In his latest interview, Oโleary speaks on his thoughts on the markets and how there is an avalanche of not only institutional capital coming for the sector, but also an immense amount of intellectual capital who want to work in the crypto space. OโLeary believes this innovation…
Reports Show Bear Market Didnโt Affect Crypto Fundamentals
Notably, the first half of the year brought the most drastic phase of crypto winter ever witnessed in the history of cryptocurrency. Coupled with the collapse of Terra and some crypto-related companies, the market was thrown into a state of crisis. However, a report from Fidelity Digital Assets implies that the crypto fundamentals remained unscathed through the bearish trend. This information sprung following the managerโs annual report tagged 22 Institutional Investor Digital Assets Study. This recently occurred as the firm x-rayed the crypto industry through an institutional perspective. According to…
Radix Blockchain for Developers – Rust, Developer Experience, Consensus, Indexing, diving deep…
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Bitcoin Whales Who Bought 1 Month Ago Hold Strong Despite Chance To Take Profit
On-chain data shows the Bitcoin whales who bought around one month ago have continued to hold strong despite the price surge providing them with a chance to take some profit. Bitcoin 1 Month To 3 Month Old Supply Has Been Rising In Recent Days As pointed out by an analyst in a CryptoQuant post, the whales who bought at $19k about a month ago seem to not have realized their profits yet. The relevant indicator here are the Bitcoin supply age bands, which tell us how much coins are held…
Fed’s Key Inflation Gauge Jumps 0.5% in September, America’s Rising Costs to ‘Punish’ Democrats โ Economics Bitcoin News
The U.S. central bankโs key inflation gauge, the personal consumption expenditures (PCE) price index, increased by 0.5% in September, according to data released by the U.S. Commerce Department on Oct. 28. Meanwhile, markets expect with near-certainty that the Federal Reserve will codify its fourth consecutive rate hike by 75 basis points (bps) next month. While investors await the next bank rate increase, midterm elections start on Nov. 8 and reports say inflation is weighing heavily on the minds of most Americans. PCE Increases by 0.5% in September, Fed to Hike…