Day: December 5, 2022

For First Time Ever, Bitcoin Hash Ribbon Golden Cross Has Failed

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On-chain data shows the Bitcoin Hash Ribbon golden cross has failed to provide an uplift to the price for the first time ever. Bitcoin Hash Ribbons Have Recently Formed A Death Cross As pointed out by an analyst in a CryptoQuant post, the BTC Hash Ribbon model has failed for the first time in the crypto’s history. The relevant indicator here is the “mining hashrate,” which measures the total amount of computing power connected to the Bitcoin network right now. When the value of this metric trends up, it means…

Nexo leaving US, says country lacks clear regulations

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The crypto borrowing and lending platform Nexo plans to gradually cease operations in the United States “over the coming months,” according to a blog post on Dec. 5. Nexo has stated that the decision to leave the U.S. is “regrettable but necessary.” Today we are announcing the regrettable but necessary decision that Nexo will be phasing out its products and services in the United States due to a lack of regulatory clarity. — Nexo (@Nexo) December 5, 2022 In the post, Nexo said that it has been talking to U.S. regulators…

Bitcoin Miner Riot Switches Mining Pool After Falling Short in November

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Other payment methods usually ensure miners always get paid, even if the pool doesn’t find a block. However, PPLNS only pays miners after a block has been found by the pool, and then the pool goes back to check for valid shares contributed by each miner before winning a block. The miners then get paid in bitcoin rewards, based on those valid shares contributed by each miner during that time. Original

PEGA Pool Is Almost Ready for Lift-Off in Q1 2023

2,444 miners have already joined the waiting list, which is filling up fast. After months of anticipation and well-deserved hype, Q1 2023 is finally almost here, and the global Bitcoin mining community couldn’t be more excited. PEGA Pool isn’t only ranked as the 13th biggest BTC mining pool worldwide, but they’re also the first eco-friendly mining pool that’s determined to make a real difference in the industry. While cryptocurrency has undoubtedly made a powerful economic difference for societies worldwide, such perks carry a high price tag – and the environment…

3 Cryptocurrencies Set to Use Their Community to Dominate the Crypto-verse: Big Eyes Coin, Cosmos, and Chainlink

Place/Date: – December 5th, 2022 at 8:29 pm UTC · 4 min read Source: Big Eyes Coin Since most cryptocurrencies need to be in the right community for their participation and support to push the development of the coin, Big Eyes Coin (BIG), Cosmos (ATOM), and Chainlink (LINK) are great community-oriented crypto platforms that strive for greatness. From having promising futures to their great potential for profits, these coins are great buys for recent times. Big Eyes Coin (BIG) Aims to be the Internet’s Most Profitable and Favorite Meme Coin…

Kentucky Investigating 2 Proposed Contracts That Would Give Discounted Electricity to Crypto Miners

One proposed contract is between Kentucky Power and Ebon International, LLC, and would give discounted electricity rates to the Ebon Facility, a 250 MW cryptocurrency mining operation in Louisa, Kentucky. The second investigation is into Bitiki-KY, a 13 MW cryptocurrency mining facility in Waverly, KY. Bitki-KY already has a $250,000 tax credit from the state of Kentucky, according to the release. Source

Price analysis 12/5: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT

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Crypto markets appear to be losing some of their recent bullish momentum, but a favorable tailwind from equities markets could catalyze a breakout in Bitcoin and select altcoins. It’s the final month of the year and analysts are out with their projections for the next year. In a note to investors, Standard Chartered suggested that “The financial-market surprises of 2023” will include Bitcoin (BTC) price diving to $5,000 at some point in the year. The fall will be triggered by a liquidity crunch, which could result in more bankruptcies and a…

Crypto Price Prediction: Dogelients Tipped to Reach $1 As Klaytn and 1inch Could Also Experience Price Pump

Place/Date: – December 5th, 2022 at 8:07 pm UTC · 3 min read Source: Dogeliens The coin market is billed to experience a great spell which will see some crypto assets rise in price. Dogeliens (DOGET),  Klaytn (KLAY), and 1inch (1INCH) are part of the crypto assets expected to have a great run in the coming months. The new meme coin Dogeliens (DOGET) aims to achieve unprecedented success in the meme space, whilst the other existing tokens could be a bargain. Dogeliens (DOGET) Dogeliens aim to be the most successful…

Metaverse comes in second place for Oxford’s word of the year

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The Oxford University Press team chose ‘metaverse’ to come in as a runner-up to ‘Goblin mode’ for the word of the year in 2022. In a Dec. 4 announcement, Oxford Languages said the viral term ‘Goblin mode’ had beat out ‘metaverse’ and millions of other words to become the team’s 2022 word of the year. According to Oxford’s research, usage of the term metaverse “increased almost fourfold from the previous year in the Oxford Corpus,” driven in part by Facebook’s rebranding to Meta in October 2021. Metaverse lost first place…