Day: January 16, 2023

Bitcoin Price Resumes Increase as The Crypto Bulls Take Control

Bitcoin price climbed further higher above $21,000. BTC is rising and might aim a move towards the $22,000 resistance zone in the near term. Bitcoin climbed further higher above the $20,000 and $20,500 resistance levels. The price is trading above $20,200 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $20,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rise further above the $21,500 resistance zone in the near term. Bitcoin Price Gains Bullish…

Bitcoin Network’s Mining Difficulty Rises to All-Time High, Making Block Discovery More Challenging – Mining Bitcoin News

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Bitcoin’s mining difficulty printed a record increase on Jan. 15, 2023, rising 10.26% to 37.73 trillion at block height 772,128. The network’s difficulty is now at an all-time high. This means, on average, it takes 37.73 trillion hashes, or attempts, to find a valid bitcoin block reward and add it to the blockchain. 2023’s First Difficulty Increase Outpaces All but One of the Difficulty Increases in 2022 As of 8:15 p.m. Eastern time on Sunday, Jan. 15, 2023, approximately 286.36 exahash per second (EH/s) of hashrate is dedicated to the…

Tanzania ‘cautious’ on CBDC adoption after initial research

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Tanzania’s central bank says it is still considering the introduction of a central bank digital currency (CBDC) but will be a taking “phased, cautious and risk based approach” after identifying several challenges that could impact its implementation. According to a Jan. 14 public notice from The Bank of Tanzania, since its 2021 announcement about a possible CBDC rollout, the East African country formed a multidisciplinary technical team to explore the risks and benefits of CBDCs. The bank revealed its team has conducted research looking into different types of CBDCs, models for…

Google Ads-delivered malware drains NFT influencer’s entire crypto wallet

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An NFT influencer claims to have lost “a life-changing amount” of their net worth in nonfungible tokens (NFTs) and crypto after accidentally downloading malicious software found in a Google Ad search result. The pseudo-anonymous influencer known on Twitter as “NFT God” posted a series of tweets on Jan. 14 describing how his “entire digital livelihood” came under attack including a compromise of his crypto wallet and multiple online accounts. Last night my entire digital livelihood was violated. Every account connected to me both personally and professionally was hacked and used…

Scaramucci to invest in crypto firm founded by former FTX US boss

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SkyBridge Capital founder Anthony Scaramucci is investing in a crypto company founded by the former president of FTX US. According to an email to Bloomberg, Scaramucci said he would be investing his own personal funds to support ex-FTX US president Brett Harrison’s new venture, which became known just three weeks after the collapse of crypto exchange FTX. It is understood that the crypto software company — which doesn’t yet have a name — will enable crypto traders to create algorithmic-based strategies to access different markets — both centralized and decentralized. It…

Bitcoin Surges on Inflation Tailwinds, Hovers Near $21K

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Ether followed a similar pattern to bitcoin, continuing its late-week momentum into Saturday to hit a two-month high before falling slightly. ETH was recently changing hands above $1,550, approximately where it stood same time, a day earlier. Other major cryptos were mixed with some rising a couple of percentage points and others dropping, although FTT, the token of embattled crypto exchange FTX, recently jumped 35% to trade just over $2. Seven months ago, FTT was trading over $35. SOL, the token of the Solana blockchain, which has been rallying over…

Jeff Booth Warns of Debt Deflation If Federal Reserve Keeps Hiking Interest Rates – Economics Bitcoin News

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The author of “The Price of Tomorrow,” Jeff Booth, has warned about debt deflation, calling it a “great depression on steroids,” if the Federal Reserve continues to hike interest rates. He believes that eventually the Fed “will be forced to pivot.” Jeff Booth Warns About Danger of Continued Fed Rate Hikes The author of “The Price of Tomorrow,” Jeff Booth, shared his thoughts in an Ask-Me-Anything session on Stacker News last week. Among numerous questions asked was whether he believes the recent Federal Reserve interest rate increases will actually cause…