Day: November 7, 2022

Why The Bitcoin Price Could Be Building An Uptrend

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The Bitcoin price is steadily trading above critical support levels and might extend its bullish trend in the coming days. The cryptocurrency positively reacted to the current macroeconomic conditions despite the U.S. Federal Reserve (Fed) promising to keep hiking interest rates.  At the time of writing, the Bitcoin price trades at $20,700 with a 3% loss over today’s trading session and sideways movement over the previous week. This period has been profitable for digital assets against traditional assets, such as equities, for the first time.  BTC’s price moving sideways on…

Bitcoin Standard Book Summary | The History Behind Gold, Money and Bitcoin Investment

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin Standard Book Summary | The History Behind Gold, Money and Bitcoin Investment Simplebooks short clips channel To download Shopbook app, Android Apple Visit our Website for more info:- Simplebooks Facebook:- Simplebooks LinkedIn:- Simplebooks Instagram Simplebooks Tik Tok 0:00 Intro 1:25 What problems does money solve? 3:21 Why did gold win? 6:01 Why paper money was created? 7:12 How currencies devalued itself? 8:59 How a fixed exchange rate was introduced? 11:00 How capital become powerful? 12:22 Why bitcoin is unique? ▶ Coinbase…

Judge rules LBRY video platform’s token is a security in case brought by the US SEC

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A United States District Court ruled in favor of the Securities and Exchange Commission (SEC) Nov. 7 in its case against blockchain-based file-sharing and payment network LBRY. The court granted the SEC’s request for a summary judgment filed May 5. The SEC sued developer LBRY, Inc. in March 2021 — after the agency had brought similar charges against Ripple — claiming that its LBRY Credit token (LBC) was sold as a security under the 1933 Securities Act.  According to the SEC, LBRY raised more than $11 million in U.S. dollars,…

AAA gaming companies will look like peanuts as GameFi evolves: Skale CEO

GameFi’s constantly evolving model could make “today’s AAA game companies look like peanuts”, said Jack O’Holleran, CEO of Skale  a multichain Ethereum native network that powers Web3 games. In fact, blockchain-based games and metaverse projects are showing resilience amid a winter that has dragged down many players in the crypto industry, with $1.3 billion raised in the last quarter, as reported by DappRadar.  Finding a sustainable GameFi model, however, remains a challenge. User experience ranks amid the top struggles in the industry, mainly because of gas fees and the complexity of…

New Hampshire Court Sides With SEC in Lawsuit Against LBRY, Project’s Team Says Loss Sets a ‘Dangerous Precedent’ – Regulation Bitcoin News

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The U.S. Securities and Exchange Commission (SEC) has won a court case against the blockchain-powered publishing platform LBRY. According to a New Hampshire district court ruling, Judge Paul Barbadoro agreed with SEC that the project’s native asset LBC was considered an investment contract or a transferable share representing a certificate of interest. On Twitter, LBRY said the language used to sway the court’s decision “sets an extraordinarily dangerous precedent.” U.S. Regulator Wins Judgement Against Decentralized Blockchain Platform LBRY According to court documents, the U.S. regulatory watchdog, the Securities and Exchange…

Bitcoin miner Iris Energy faces $103M default claim from creditors

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According to a new filing with the U.S. Securities and Exchange Commission on Monday, Bitcoin (BTC) miner Iris Energy says it has received a default notice from mining rig manufacturer Bitmain Technologies. The notice alleged that Iris Energy failed to “engage in good faith restructuring discussions” for certain principal payments due on Nov. 8. Additionally, Iris Energy received a separate notice last week from creditors alleging that it “failed to maintain sufficient insurance” and would constitute a default if not remedied within 10 days.  Headquartered in Australia, Iris Energy is…

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Can Cyclical Tools Predict The Bottom?

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In this episode of NewsBTC’s daily technical analysis videos, we examine major Bitcoin price troughs with Hurst Cycle Theory and cyclical tools to consider if the bottom could be in and if another bubble is coming. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): November 7, 2022 Bitcoin Cyclical Behavior Analyzed To assist with the visual analysis, each Bitcoin halving has been included. The halving has been a widely-discussed driver of internal supply and demand mechanics. We know that Bitcoin bottoms out visually prior to each…

GALA token exploit resulted from public leak of private key on GitHub

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According to a new post by blockchain security firm SlowMist on Nov. 7, it appears that the last week’s token exploit affecting GameFi project Gala Games resulted from a public leak of applicable security keys on GitHub. As told by SlowMist, pNetwork, the cross-chain interoperability bridge used by Gala Games on the BNB Smart Chain, had three privileged roles in its smart contract pGALA. “The Admin role is used to manage upgrades and changes to the Admin address of the proxy contract. The DEFAULT_ADMIN_ROLE role is used to manage various privileged…