Day: December 4, 2022

Bullish on Bitcoin, US Senator Ted Cruz wants Texas to be a crypto oasis

boss

United States Senator Ted Cruz wants to make the American state of Texas an oasis for Bitcoin (BTC) and cryptocurrencies. Speaking at the Texas Blockchain Summit 2022 in late November, the politician empathized how the crypto industry can be strategic for the U.S. energy supply and technological development.  Cruz argued that Bitcoin mining could be used to monetize energy created from oil and gas extraction, rather than burning it. In addition, he emphasized how mining activity can be used as an energy storage and supply alternative: “The beauty of it [Bitcoin…

How much is Bitcoin worth today?

boss

Bitcoin (BTC) trades 24 hours a day, seven days a week. It is a market that never sleeps, and the BTC price is constantly changing. It doesn’t matter which currency or commodity is used to measure how much a bitcoin is worth — BTC is always live and the market is always open. It wasn’t always that way — in the beginning, before around 2010, there were no exchanges or even reliable price information, and BTC/USD traded at tiny prices — at one point even less than a single U.S.…

Bitcoin analysts eye weakening US dollar as BTC price fights for $17K

boss

Bitcoin (BTC) bulls attempted to retake $17,000 into the Dec. 4 weekly close as volatility looked set to return to the market. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bollinger Bands demand BTC pricevolatility Data from Cointelegraph Markets Pro and TradingView showed BTC/USD crisscrossing the $17,000 mark — a focal point throughout the weekend. With macro cues still to come, Bitcoin looked for catalysts as signs of volatility crept into low timeframes. Among those eyeing a potential break of the status quo was popular trader Cheds, who noted that the…

Snowfall Protocol (SNW) Sells Out of 100 Million Tokens as Investors Rush to Own a Piece of This Unique Ooffering! Analysts Advise against Buying ApeCoin (APE) and Chiliz (CHZ)!

Place/Date: – December 4th, 2022 at 2:37 pm UTC · 4 min read Source: Snowfall Protocol Are you looking to own a piece of the latest cross-chain bridge technology? 100 million tokens of Snowfall Protocol tokens Snowfall Protocol (SNW) got sold very quickly! Analysts are also warning against buying ApeCoin (APE) and Chiliz (CHZ) as they believe these tokens may not provide the same level of returns as Snowfall Protocol (SNW). In this blog article, we take a look at the recent surge in SNW tokens, the advantages of Snowfall…

Regulators face public ire after FTX collapse, experts call for coordination

boss

2022 is nearing an end and might go down as one of the most eventful years for the crypto industry owing to the prolonged winter that had wiped more than 70% of the market cap from the top and the barrage of crypto firms imploding. This was mainly due to internal mismanagement and unchecked decision-making process. Among all the ups and downs, one thing has remained clear — retail customers have lost a significant amount of money due to a lack of regulatory oversight. While lawmakers in the United States…

Addresses That Sat Idle for Years Transferred 1,221 Bitcoins Worth $20M Over the Last 4 Days – Bitcoin News

boss

During the last seven days, bitcoin’s price has remained above the $16K region following the aftermath of FTX’s collapse. Since then, a number of ‘sleeping bitcoins’ that sat idle for five to nine years have been moving during the last four days. Bitcoins that were worth far less back then are being transferred for the first time in years. $20M Worth of Old Bitcoins Move After Sitting Dormant for Years Bitcoin’s (BTC) price has remained steady during the last seven days, ranging between $16,150 to $16,995 per unit, and a…

Failed FTX Rescue Attempt Revealed, Putin Calls for Digital Currency Settlements — Week in Review – The Weekly Bitcoin News

boss

Shark Tank star Kevin O’Leary has revealed his and Sam Bankman-Fried’s failed attempt to raise $8 billion to rescue the now collapsed crypto exchange FTX. In other news, Russian president Vladimir Putin has called for international settlements based on digital currencies. All this and more just below in this edition of the Bitcoin.com News Week in Review. Kevin O’Leary Reveals How He Almost Secured $8 Billion to Rescue FTX Before It Collapsed Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has shared how he and Sam Bankman-Fried (SBF) almost raised…

Bitget Shares Merkle Tree Proof of Reserves to Enhance Transparency Users’ Assets Safeguarded With at Least 1:1 Reserve Ratio – Sponsored Bitcoin News

boss

sponsored Leading global cryptocurrency exchange, Bitget, announces today that it is launching its Proof of Reserves Page, which will demonstrate to users that we are a full-reserve exchange, as supported by its Proof of Reserves (“PoR”), using the cryptographic-audited Merkle tree method, and that users’ assets stored on the platform are safeguarded. The Proof of Reserves page provides users with a wealth of information on the topic, including several core elements such as “Merkle Validator”, the monthly snapshots presenting the balance of the reserve pools, user education on Proof of…

What’s In Store For Cardano Price (ADA) Before Christmas?

boss

Cardano (ADA) exited the month of November with its total market capitalization and its blockchain’s total value locked (TVL) taking a heavy hit from the FTX collapse that dragged down the entire crypto market. According to data from CoinMarketCap, when last month ended, ADA’s overall valuation was at $10.7 billion, 23% lower than the $13.9 billion market cap it had towards the end of October. On a yearly basis, the crypto asset witnessed 69% decline in this category. In terms of TVL, the Cardano network tallied a total of $58.8…