Day: November 4, 2022

Bitcoin sets new 7-week high as BTC price jumps past $21K on US jobs

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Bitcoin (BTC) passed $21,000 at the Nov. 4 Wall Street open as bulls tackled a formidable sell wall. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Sellers move aside for new multi-week highs Data from Cointelegraph Markets Pro and TradingView breaking through resistance to hit local highs of $21,262 on Bitstamp. The pair had struggled to return to higher levels during the week, but the latest order book data from Binance showed asks now shifting up to north of $21,500. BTC/USD order book data (Binance). Source: Material Indicators/ Twitter The day’s…

Cómo configurar una billetera en MetaMask

En la mayoría de las plataformas, verás un botón que dice “Conectar” en la esquina superior derecha de la pantalla. Al hacer clic, tendrás la opción de conectar tu billetera de MetaMask. Luego, tendrás que firmar una transacción para completar el proceso de conexión. Esta acción no te costará nada, solamente comprueba que eres quien controla la billetera. Source

Elrond rebrands as MultiversX, shifts focus to the metaverse

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Blockchain technology developer Elrond announced it will redefine itself as a new brand with a focus on the metaverse. The company will move forward under the new name MultiversX with the introduction of three new metaverse-forward products. xFabric, xPortal and xWorlds are the three new tools behind the rebrand, all of which aim to help metaverse creators and users. The tools include a metaverse portal, digital assets holder, creator utilities and a deployable blockchain module. Beniamin Mincu, CEO of MultiversX, commented to Cointelegraph that the new rebranding will benefit both…

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Are decentralized blockchain messengers a real alternative?

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Since the introduction of ICQ — the progenitor of online chat applications — the expectation from instant messaging (IM) services has never changed. Users simply want them to work, which apparently turned into a tall order, given the frequent downtimes most popular chat apps experience nowadays.  Launched the same year as Bitcoin (BTC), WhatsApp is one of the most widely used chat apps on the planet. Owned by Meta (the stable of which also boasts Instagram and Facebook), WhatsApp stands as the epitome of centralized services. That’s why when the…

Cardano (ADA) Investors Watch For Nov. 18, Hoskinson Teases

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Cardano (ADA) has fallen short of many investors’ expectations in recent weeks. Unlike numerous other altcoins, ADA is currently in a prolonged downtrend. In the 1-day chart, the price is currently below both the 100 and 200-day moving averages. Cardano trending to the downside. Source: TradingView However, IOG CEO Charles Hoskinson might have given ADA investors hope with a new tweet. The Cardano founder was responding to a Twitter user’s question about when the announcement promised for November would be revealed. Hoskinson didn’t mince words, saying, “I’ll announce it at…

CBDCs Could Reduce FX Transaction Speeds to 10 Seconds, NY Fed Says

Each participant operated its own version of the ledger, rather than having the participants act as nodes in a single distributed ledger, the report said. Nevertheless, the participants were able to settle both sides of transactions simultaneously, finding a massive speed boost compared to the current system. While the report detailed some of the technical aspects of the test – it used an undisclosed permissioned blockchain network and was written in the Rust programming language – it did not provide many details about how the simulation was conducted or how…

Where do the pro-crypto candidates stand ahead of the election?

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The 2022 midterm elections will be held in the United States on Nov. 8. Thirty-four senators and all 435 members of the House of Representatives will be running. According to media reports, cryptocurrency lobbyists and political action committees have poured millions of dollars into select campaigns, and extensive polling has shown crypto to be on voters’ minds. Fundraising and polling are normal parts of the American political system, but the numbers associated with crypto may have raised some eyebrows. Sam Bankman-Fried called $1 billion his “soft ceiling” for 2022 election…

Shiba Inu Was Off To Weak Start As SHIB Faced Selling Pressure

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Shiba Inu squandered its gains during the tail end of October that enabled it to add almost $2 billion to its total market cap which currently stands at $7.29 billion. At the time of this writing, SHIB is changing hands at $0.00001242 according to tracking from Coingecko. It is still up by 16% over the last seven days, but has been on a decline after peaking at $0.00001421 on October 30. As the crypto asset once failed to sustain its bullish rally, analysts believed it will once again be caught…