Month: May 2023

Does Bitcoin price risk losing $28K with BTC futures premium at 2-month lows?

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For the past 17 days, Bitcoin (BTC) price has been trading within a narrow 8.5% range from $27,250 to $29,550, causing the 40-day volatility metric to drop below 40%. This wasn’t restricted to cryptocurrencies as the S&P500 index’s historical volatility has reached 17%, its lowest level since December 2021. But will $28,000 become the new resistance? Not according to the latest Bitcoin futures and options data. Nevertheless, macroeconomic conditions remain the main driver for risk markets’ price fluctuations in the near to medium terms. BTC price flattens as investors lose…

The Impact of Cryptocurrency on the Real Estate Industry

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The real estate sector is not an exception to how cryptocurrencies are impacting other businesses. The use of cryptocurrencies, in particular Bitcoin, has grown in the real estate industry in recent years. This article will examine how cryptocurrencies are affecting the real estate market. Faster and affordable transactions The potential for speed and cost savings over more conventional ways makes adopting cryptocurrencies in real estate transactions one of their main advantages. Real estate transactions can take weeks or even months to complete using conventional procedures. Transactions involving cryptocurrency can be…

Coinbase CEO Brian Armstrong Says Crypto Exchange 100% Committed to the US Despite Regulatory Crackdown

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Coinbase CEO Brian Armstrong says the firm is confident it can pull through the current anti-crypto regulatory crackdown that is stirring uncertainty across the industry. During Coinbase’s first quarter earnings call, Armstrong says the exchange remains completely committed to making things work at home in the US.  Coinbase recently received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) warning of a potential coming enforcement action against the company for alleged violation of securities laws. “So let me be clear, we’re 100% committed to the U.S. I founded…

Average Bitcoin Transaction Fees Skyrocket to $19.20 per Transfer as Over 440,000 Transactions Remain Unconfirmed – Bitcoin News

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Bitcoin transaction fees have surged significantly in the past 24 hours, with the average fee reaching $19.20 per transfer. The increase in fees can be linked to a backlog of transactions trapped in the mempool, as over 440,000 unconfirmed transactions are currently awaiting confirmation. Block Reward Dethroned: Bitcoin Transaction Fees Surpass Mining Subsidy for the First Time Since 2017 On Sunday, May 7, 2023, bitcoin transaction fees exceeded the block reward for the first time since December 2017 at block height 788,695. Subsequent block heights 788,700 and 788,702 also witnessed…

5 common interview questions for Web3 jobs

When interviewing for Web3 jobs, it’s important to be prepared for a range of questions that may vary depending on the specific role and the company you are interviewing with. That said, there are some common interview questions that you can expect to encounter. These questions typically cover your understanding of the Web3 ecosystem, your experience with blockchain technologies, your contributions to decentralized applications (DApps) and smart contracts, your approach to problem-solving and collaboration, and your ability to address security and scalability challenges. However, keep in mind that there is…

Bitcoin Fees Hit 2-Year High As BRC-20 Tokens Gain Steam

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Summary: The average cost of sending a single transaction on Bitcoin’s blockchain soared to almost $20, its highest point since April 2021. It seems that increased demand for BTC blockchain space was triggered by heightened activity on the Ordinals protocol and tokens issued using the BRC-20 standard. Binance was forced to halt BTC withdrawals twice on Sunday as network congestion peaked, although the crypto exchange later resumed operations after moving $4.4 billion in assets. Bitcoin (BTC) transaction fees rose to their highest point in two years amid growing interest in…

Minister proposes government services paid in crypto

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Liechtenstein Prime Minister Daniel Risch announced plans to accept Bitcoin (BTC) as payment for government services. As reported in local news, the micro-European nation continues to embrace blockchain technologies. Risch, who also serves as finance minister, is quoted as saying: “A payment option with Bitcoin is coming.” However, he did not give a timeframe. Moreover, the principality is unlikely to accept Bitcoin and “hodl” (hold onto) the satoshis it receives. Instead, it will accept deposits in Bitcoin and immediately exchange them for Swiss francs, the national currency. The direct exchange…

BTC Extends Declines, as Markets Continue to React to Nonfarm Payrolls – Market Updates Bitcoin News

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Bitcoin fell below $28,000 to start the week, as markets continued to react to last Friday’s United States nonfarm payrolls (NFP) report. The payrolls report came in at 250,000 versus expectations of 180,000 jobs. Ethereum was also lower, as prices fell back below $1,900. Bitcoin Bitcoin (BTC) moved lower to start the week, as cryptocurrency markets continued to react to the latest nonfarm payrolls report. The number of jobs added to the U.S. economy came in higher than expected, in many’s eyes justifying the Federal Reserve’s decision to hike interest…