Day: April 5, 2023

Will Bitcoin break above $30K? New JOLTS data, weaker dollar boost chances

On April 4, the U.S. dollar index (DXY), which measures the greenback’s performance versus the basket of six leading foreign currencies, dropped by 0.5% after demand for workers in the world’s largest economy declined. BTC price eye breakout with dollar at 2-month lows Bitcoin (BTC) has grown 3.5% since to around $28,800, continuing its extremely negative correlation with the dollar. The BTC/USD pair now eyes a breakout at $30,000, a psychological resistance level, due to hopes that the greenback will weaken further in 2023. DXY vs. BTC/USD year-to-date returns and correlation…

P2P Platform Paxful Folds, Cites Regulatory Challenges amid Other Reasons

The news further narrows the options for people to trade cryptocurrency among themselves. The global peer-to-peer (P2P) market is fast losing popularity and Paxful may be the latest platform to be affected by this reality. According to a blog post by Paxful CEO Ray Youssef, the firm is winding down its operations immediately with no assurance of resuming them ever again. The eye-catching introduction reads: “Today, Paxful will be suspending its marketplace. We are not sure if it will come back.” While Youssef admits that the news may come as…

Embrace the Opportunity to Shape Crypto’s Future – Op-Ed Bitcoin News

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As Ripple and the U.S. Securities and Exchange Commission (SEC) persist in their legal dispute over XRP’s classification as a security, the consequences for both parties and the wider cryptocurrency market cannot be understated. This case offers a unique opportunity to attain much-needed regulatory clarity, which could ultimately promote growth and stability throughout the sector. Ripple should embrace this prospect wholeheartedly. The following opinion editorial was written by Joseph Collement, General Counsel at Bitcoin.com. Recent events, such as a rise in XRP’s value and an increase in open interest in…

Paxful shutdown hit Nigeria harder than the rest of the world, here’s why

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The shutdown of the peer-to-peer cryptocurrency marketplace Paxful has left its worldwide community in search of alternatives, but it appears to have especially affected the Nigerian Paxful community.  On April 4th, Paxful declared that it would halt its operations. The reason for this decision, according to the founder and CEO Ray Youssef’s blog, was due to “key staff departures” and the regulatory environment. According to a study by Chainalysis’ 2020 Cryptocurrency Geography Report, Nigeria ranked eighth in terms of crypto adoption and usage rate among 154 countries included in the…

Craig Wright’s UK Contempt of Court Case Over Alleged Embargo Breach Abandoned

In a later affidavit filed in March, Wright said that key evidence concerning the alleged breach had been submitted by his lawyers at Ontier without his permission, and constituted legally privileged material. Faced with a 17,000-word skeleton argument advanced by Wright’s new attorneys, buttressed by 1,600 pages of legal authorities, Warby concluded that the cost of continuing outweighed the benefits. Source

Top 5 books to learn about blockchain

Reading blockchain books can be an effective way to understand blockchain technology comprehensively. These books can provide insights into the history and principles of blockchain, and how it works in practice. By reading these books, you can gain a deeper appreciation of the potential of blockchain technology and its various use cases across different industries. Furthermore, these books can help you understand how blockchain can be used to solve real-world problems and transform existing business models. By staying up-to-date with the latest blockchain developments, you can position yourself for success…

Bitcoin Miner Marathon Digital Reported Stellar Q1 2023 Performance

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Amidst its woes Marathon Digital secured a loan from the now defunct Silvergate Bank, a deficit it said it has been able to completely offset. American Bitcoin (BTC) mining firm Marathon Digital Holdings Inc (NASDAQ: MARA) has posted a better-than-expected report for the first quarter in which the firm said it mined a total of 2,195 Bitcoin. According to the firm’s update, it attained its highest production month-on-month in March when it mined a total of 825 BTC. Per the report, the March production came in at a 21% upshoot…

ProBit Global Continues to Empower Emerging Crypto Projects With Success of IEO Platform – Press release Bitcoin News

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press release PRESS RELEASE. ProBit Global, a top 20 cryptocurrency exchange, looks forward to continued success in launching exciting and promising crypto projects through its IEO platform, while providing its users with unparalleled profit opportunities. ProBit Global remains buoyant on Initial Exchange Offerings While the past few years have seen significant challenges in the cryptocurrency IEO space, ProBit Global has shown no signs of slowing down as the exchange aims to offer its customers and users outstanding value when it comes to budding blockchain-based projects. Since 2019, ProBit Global has…