The 200-week and 200-day moving averages converge at $27,800, acting as an obstacle to further BTC price gains. Original
Bitcoin Holding Above $26K Is ‘Remarkable’ as Equities Take a Hit. What’s Next for BTC’s Price?
Day: September 22, 2023
Americans (Seemingly) Aren’t Allowed to Put This Economic Theory to the Test
However, all that said, there’s something to the idea that the CFTC is using the levers of regulation to essentially wipe out predictions markets as an industry before it can even get going. There may or may not be something to the psychological and economic theory behind betting markets, but it is significant that a number of academics, corporations and even DARPA have at one point or another seen potential in the idea of crowdsourcing truth. Source
How An ‘Inconsequential’ Mistake Saw Bitcoin Crash To $8,000
Bitcoin is known to be a very volatile digital asset as its price is often wont to rise and fall unexpectedly, and sometimes without a clear reason. One of these instances of the digital asset flash-crashing was back in 2021 when the price of Bitcoin had fallen 87% on some exchanges in a matter of minutes. However, the mystery behind this flash crash has been unveiled two years after it first occurred. Former Alameda Research Engineer Spills Secret Alameda Research is the sister company of the now-defunct FTX crypto exchange…
Google Cloud adds 11 blockchains to data warehouse ‘BigQuery’
Google Cloud’s BigQuery service just added 11 blockchains networks to its data warehouse, according to a September 21 blog post. The new networks include Avalanche, Arbitrum, Cronos, Ethereum Görli testnet, Fantom, Near, Optimism, Polkadot, Polygon mainnet, Polygon Mumbai testnet, and Tron. We’re enhancing our #blockchain data offering with 11 new chains in #BigQuery, and we’re also making improvements to our existing datasets, so they are more precise, accurate, and reliable. Learn more ↓https://t.co/fNFJiHSJBO — Google Cloud (@googlecloud) September 21, 2023 BigQuery is Google’s data warehouse service. Enterprise firms can use…
Brave To Integrate Zcash Protocol On Native Crypto Wallet
During the Messari Mainnet event, the company behind the internet browser Brave announced a partnership with the Electric Coin Co. (ECC) and the Filecoin Foundation. These entities are the leading developers of the Zcash (ZEC) protocol and Filecoin (FIL). Brave Brings Zcash Tools Into Web3 According to an official announcement, the cooperation aims to “improve” privacy for Brave’s Web3 wallet. This feature allows users to transact with cryptocurrencies, including the Basic Attention Token (BAT), which people can earn by interacting with websites. Zcash’s native token, ZEC, will become the latest…
Exploring Bitcoin’s path to a renewable mining future
While Bitcoin’s journey toward sustainability shows promise, much work is ahead to assess its environmental consequences fully. There’s a prevalent notion that as Bitcoin (BTC) grows, so does its environmental footprint. But the latest data seem to paint a different picture. Consider this: since 2019, Bitcoin’s computational power, or hashrate, has surged four times. You’d expect the associated carbon emissions to follow suit. Surprisingly, data suggests they’ve only gone up by a modest 6.9%. Emissions Decline as Energy Use⬆️👉Despite 4x Hashrate, carbon emissions (blue) are only⬆️6.9% since 2019🤔Remember, Miners don’t…
Real estate or Bitcoin: Which is more reliable?
On this week’s episode of Macro Markets, Cointelegraph analyst Marcel Pechman discusses the real estate markets, highlighting stagnant mortgage demand, attributed to rising rates. With an average 30-year fixed-rate mortgage interest rate of 7.27%, refinancing and home purchase applications have dropped significantly. Still, Pechman speculates that house prices might rise if inflation continues to grow. While some sellers may be distressed, real estate, especially urban residential, has historically been a reliable store of value. He concludes by highlighting that other investment options may not provide a safer haven in the…
Fuji Finance is sunsetting operations due to dwindling funds
Decentralized finance cross-chain money market aggregator Fuji Finance said the protocol was unable to find the market for its product, while also experiencing limited finance. In a recent Medium blog post, the company said that it failed to find “product-market fit,” a situation which was made more difficult amid the current crypto bear market. Fuji Finance’s attempts to raise additional funds for further development proved futile, and its team has been trying to attract more investors since last February, according to the blog post, but the effort seemed unsuccessful, causing…
Ether (ETH) Price Under Pressure as Ethereum Blockchain Revenue Plunges, Crypto Turns Inflationary
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Retrace To $20,000 On The Horizon?
Bitcoin (BTC), the largest cryptocurrency by market capitalization, has faced a setback in its recent gains after failing to consolidate above the $27,000 level. With no positive macro news to drive BTC beyond upper resistance lines, industry experts are looking for a chart analysis that suggests BTC may be on the verge of a significant move toward $20,000. This potential lower price point could serve as a new higher low in Bitcoin’s 1-week chart, reminiscent of its trajectory in 2019 before the halving event. Bitcoin Chart Flashing Red Crypto analyst…