Day: December 2, 2022

Bitcoin miner outflow ratio hits 6-month high in new threat to BTC price

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Bitcoin (BTC) is entering a prime “low-risk bottom” zone as sellers finally accept FTX losses. Data from on-chain analytics firm Glassnode shows that seller exhaustion is reaching ideal levels for a BTC price leg up. Bitcoin sellers face low BTC price volatility Almost one month after the FTX implosion began, Bitcoin investors have either capitulated and sold at a loss or continue to hodl unrealized losses. As Cointelegraph reported, those losses became significant just days after the event, with over 50% of the BTC supply held in the red. Now,…

What are the benefits of an automated cryptocurrency trading bot?

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Every startup and entrepreneur is rushing to become a crypto trader, and the plans to create a cryptocurrency bot start to sound very sensible. In this article, we will discuss how to build a crypto trading bot and avoid all the major pitfalls of this technique. Read on to find out the steps and best practices to build a successful automated crypto bot software for trading.   Crypto Trading Bot – Overview It is no secret that most of the trades in the stock market are performed automatically. The Crypto…

Tesla CEO Elon Musk Kicks Off Delivery of Electric Semi Trucks

Instead of designing the Tesla Semi as either a right or left-hand drive truck, Tesla placed the steering wheels in the center of the vehicle with screens overlaying the sides. Since unveiling the Semi heavy-duty trucks in 2017, Elon Musk, the Chief Executive Officer of the American electric car manufacturing company Tesla Inc (NASDAQ: TSLA) has finally flagged off the deliveries of the vehicles. According to a CNBC report, the flag-off event was done at the company’s factory in Sparks, Nevada alongside Dan Priestly, the company’s senior manager for Semi…

Will Bitcoin (BTC) See A Christmas Rally? Here’s What To Watch

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After the recent speech by US Federal Reserve chairman Jerome Powell, there was a price firework on the stock market, from which Bitcoin also benefited. As a result, the BTC price has climbed to over $17,000. At press time, Bitcoin was trading at $16,982. However, the joy could not last long. The price is currently just bobbing along at the level reached. In the meantime, there are even signs of a slight downward trend again. In the 1-hour chart, investors should keep an eye on four levels. A fall below…

Chainlink May Rise 25% This Week As Bulls Reclaim Losses

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The use of the native token of Chainlink is seeing a decent rise. Today alone, the price of LINK has increased by 2.0% in the last 24 hours, as measured by statistics from CoinGecko. Though not a big deal in terms of massive increases, it pumps up the bulls. In the weekly and bi-weekly timescale, the token shot up to 11.6% and 22.4% respectively. Meanwhile, let’s take a quick look at how the token has been performing: The Proof-of-Reserve mechanism used by Chainlink is open and trustworthy, which encourages investment…

Bitcoin Depot to Push Forward with SPAC Deal Following Strong Revenue Growth

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North America’s largest Bitcoin operator Bitcoin Depot revealed plans to complete its SPAC deal amid a bearish crypto market. Bitcoin Depot plans to go ahead with its SPAC merger after the company saw a 25.25% revenue increase between January and September this year. According to a new filing with the Securities and Exchange Commission (SEC) on December 1st stated that Bitcoin Depot “remains on track to complete its previously announced business combination with GSR II Meteora Acquisition Corp.” Furthermore, Bitcoin Depot said its special acquisition purpose company (SPAC) merger will take place within the…

Ukraine collabs with international consultants to update crypto framework

Working on their national crypto framework, the amendments to the law “On virtual assets,” the Ukrainian regulatory community actively collaborates with international experts. The list includes the international consultancy firm Ernst&Young and the USAID Financial Sector Reform project.  On Dec. 1, the Advisory Council on the Regulation of Virtual Assets, organized by the National Securities and Stock Market Commission, held its first meeting. The regulatory experts discussed the amendments to the law “On virtual assets”, which should adjust the National Tax Code to crypto regulation. The event was attended by representatives of…

South African Government to Add Crypto Entities to ‘List of Accountable Institutions’ – Regulation Bitcoin News

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According to the South African government, crypto entities — or businesses whose activities include the exchange or transfer of crypto assets — are set to be included in the list of so-called accountable institutions starting Dec. 19. Businesses that convert one crypto asset to another or that conduct transactions where a crypto asset is transferred “from one crypto asset address or account to another” will also be added. Amendments to Financial Intelligence Centre Act The South African government recently said persons operating crypto-related businesses will be added to the list…

Russian-backed Sberbank Integrates with Ethereum and Its MetaMask Wallet

There are several advantages of using Sberbank’s blockchain technology, including the deep liquidity supply of Russian Rubles to create smart contracts. Sberbank (MCX: SBER) – one of the top financial institutions in Russia and Eastern Europe that is majorly state-sponsored – has announced that its blockchain network is now compatible with the Ethereum ecosystem. Notably, Sberbank announced that its blockchain network would integrate with MetaMask wallets to enable seamless interactions with the Web3 industry. Moreover, Sber’s blockchain platform allows participants to issue tokens and create smart contracts. As such, Sber’s…