Day: December 9, 2022

With Everything Big Eyes Coin Has to Offer, It Won’t Be Long Before VeChain and Axie Infinity Users Move Over

Place/Date: – December 9th, 2022 at 2:09 pm UTC · 3 min read Source: Big Eyes Coin Cryptocurrencies have become a good way for users to make passive income. The cryptocurrencies with the most profit potential are the ones that usually get the most attention. VeChain (VET) and Axie Infinity (AXS) had the same start, and users who got it got a lot of profit. Now, it’s Big Eyes Coin’s (BIG) turn to enjoy the spotlight. The Future Looks Good for Big Eyes Coin Big Eyes Coin (BIG) may be…

BTC, ETH Rebound on Friday, Following Volatile Week of Trading – Bitcoin News

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Bitcoin was back in the green on Friday, with prices once again moving above the $17,000 level. Cryptocurrencies were mostly higher in today’s session, as prices rebounded from recent losses. Ethereum also surged earlier in the day, climbing closer to the $1,300 level. Bitcoin Bitcoin (BTC) climbed higher in today’s session, with the coin surging back above the $17,000 level. Following a low of $16,788.78 on Thursday, BTC/USD raced to an intraday high of $17,274.60 earlier in the day. The move saw bitcoin rally beyond its resistance level at $17,200,…

SBF ‘willing’ to testify at Senate hearing on the FTX collapse

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Former FTX CEO Sam Bankman-Fried has indicated that he’s willing to testify at a United States Senate hearing into the collapse of cryptocurrency exchange FTX. Bankman-Fried controversially missed the deadline to respond to a Senate Banking Committee request to appear and testify during a hearing focused on FTX’s bankruptcy earlier this week. While the possibility of a congressional subpoena was on the table, the beleaguered former CEO has offered himself up in a series of Tweets published Dec. 9. 1) I still do not have access to much of my…

Ethereum Metrics Reveal Bulls Vs. Bears Battle, Who’s Winning?

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Ethereum (ETH) has failed to rise above key resistance at $1,300 despite rising around 4% over the past 24 hours. At press time, the second largest cryptocurrency by market cap was trading at $1,289. As the trading volume shows, the bulls and bears have woken up again. In the last 24 hours, the trading volume was $6.4 billion, which is about 31% higher than the previous day. ETH price, 4-hour chart. Source: TradingView Ethereum On-Chain And Social Metrics Show Uncertainty Analysis company Santiment has conducted an analysis of bullish and…

Bitcoin mining project in Kenya helps power rural community

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A hydro-powered crypto mining project based in Africa released an update on its efforts to bring energy developments to rural communities via Bitcoin (BTC). On Dec. 9, Gridless Compute tweeted photos and commentary on how their hydro-power BTC mining rigs are powering an entire rural settlement while also lowering energy rates for 2,000 people, the equivalent to 500 families. According to the tweet, costs decrease from $10 per month to $4. All of this while securing BTC’s underlying blockchain network.  Powering a rural Kenya village and securing the #Bitcoin network…

What Final Qtr Of 2022 Has In Store For YFI Price

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Yearn Finance (YFI) has performed relatively well over the last 30 days, painting its charts in green despite the lingering uncertainty in the crypto market. According to information from Coingecko, at press time, the ERC20 governance token built on the Ethereum blockchain is changing hands at $7,087, going up by 5.7% during the past week and tallying an impressive 15.7% jump on its bi-weekly gauge. Here’s a quick glance of YFI performance: YFI is experiencing a significant decline in its daily trading volume Yearn Finance could fall all the way…

What is stagflation, and how could it impact the cryptocurrency markets?

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Cryptocurrencies have not been around for very long. Hence, there is not much data yet on whether cryptocurrency is a good investment during stagflation and if stagflation is generally good or bad for the markets. To grasp if cryptocurrency investments work well during stagflation, one can examine how traditional markets behave during inflation or stagflation and why. Stagflation is naturally bad for traditional markets, and as cryptocurrency markets have a high correlation with general indexes, meaning that negative sentiment can trickle into cryptocurrencies which are digital assets managed with cryptographic…

Grayscale, in the Spotlight as GBTC Discount Widens, Says DeFi Fund Now Trading

The trading debut for the new fund, under the symbol “DEFG,” comes as the shares of Grayscale’s largest fund, the Grayscale Bitcoin Trust (GBTC), are trading a record 47% discount to the value of the underlying cryptocurrency. Grayscale has said it’s operating business as usual, but speculation about the fund’s future has arisen among traders and on Twitter in recent weeks amid swirling questions about the finances of Grayscale’s parent company, Digital Currency Group, after a halt in crypto lending operations at another subsidiary, Genesis Global Capital. (CoinDesk is also…