Day: January 10, 2023

Manta Network conducts record-breaking trusted setup ceremony, 4,000+ contribute

Manta Network recently completed the largest trusted setup ceremony ever, with over 4,000 people participating, according to a press release provided to Cointelegraph. The setup was done in order to help create MantaPay, an app that intends to allow for private payments between individuals. 8/ 2022 also saw the launch of the world’s largest trusted setup on Polkadot by @MantaNetwork, spanning 177 countries with over 13,000 participants and counting. This technology is essential for building a better, more secure web that keeps sensitive information private. — Polkadot (@Polkadot) December 31,…

Ethereum Price Records 9% Rise, Traders Bet On More Profits

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The Ethereum price has been trending to the upside over the past week as the general sentiment in the market improves. The second crypto by market capitalization could extend its gains if macroeconomic conditions continue to support the rally.  As of this writing, the Ethereum price trades at $1,333 with sideways movement in the last 24 hours. Over the previous week, the cryptocurrency records a 10% profit and stands as one of the best performers in the top 10 by market cap.  ETH’s price moving to the upside on the…

JPMorgan CEO Jamie Dimon Reiterates Bearish Stance on Bitcoin and Other Virtual Assets 

Although Jamie Dimon remains a Bitcoin critic, JPMorgan continued to make waves in the blockchain industry. While there are many Bitcoin believers confident in the existence of the cryptocurrency, there are also unrepentant BTC critics like JPMorgan (NYSE: JPM) CEO Jamie Dimon. The CEO has made several bearish comments on crypto and continues to be vocal about his stance against all virtual currencies. One of his famous criticisms against Bitcoin was in 2017 when he called the top crypto asset a “fraud.” To further his opposition to the digital asset,…

SHIB Surges to 5-Week High, APE up for Fifth Straight Day – Market Updates Bitcoin News

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Shiba inu moved to a five-week high during Tuesday’s session, despite cryptocurrency markets mostly consolidating. As of writing, the global crypto market cap is trading 0.20% lower, however the meme coin is up by nearly 5%. Apecoin also surged in today’s session, as it rose to its strongest point since November. Shiba Inu (SHIB) Shiba inu (SHIB) was one of Tuesday’s notable gainers, as prices of the token rose for a sixth straight session. SHIB/USD surged to an high of $0.000009593 earlier in the day, which comes less than 24…

Now I Know the Cryptocurrency Industry Is Here to Stay

As a long-time crypto skeptic, it may seem odd that I am helping organize a digital assets conference at Duke University on Jan. 20-21. After all, I once wrote a Wall Street Journal op-ed calling for a cryptocurrency ban. While I continue to believe that unbacked cryptocurrencies, like bitcoin, provide no economic utility and impose societal costs that vastly outweigh the benefits, I also recognize that the broader digital asset industry is not going away. Source

Bitcoin price targets include new $14K dip as Fed’s Powell avoids inflation

Bitcoin (BTC) traders faced disappointment at the Jan. 10 Wall Street open after the United States Federal Reserve declined to comment on future policy. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Powell keeps quiet on Fed policy Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it stayed flat at around $17,250 on Bitstamp. Hopes had focused on a fresh BTC price catalyst courtesy of the Fed in the form of a speech by Chair Jerome Powell. Speaking at the International Symposium on Central Bank Independence at Sweden’s Central…

Why The VIX Could Predict A Bitcoin And Crypto Rally

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Thomas Lee, managing partner and head of research at Fundstrat Global Advisors, outlined in a recent CNBC interview why the VIX – a real-time volatility index from the Chicago Board Options Exchange (CBOE) – will become an important indicator for equity markets and possibly Bitcoin in the coming months. VIX was created to quantify market expectations of volatility for the S&P 500. In doing so, the VIX is future oriented, meaning that it only shows the implied volatility for the next 30 days. The rule of thumb is: if the…