A recent report highlights that the collective short interest in stocks from 15 bitcoin mining companies has approached the $2 billion mark. The performance of these mining stocks has declined compared to their stronger start earlier this year, coinciding with the proximity of just 663 blocks remaining until the next reward halving. Impending Bitcoin Halving […] Source CryptoX Portal
Analyst and co-founder of CMCC Crest Willy Woo predicted the beginning of a crypto bear market should Bitcoin fall below $59,000. According to Willy Woo, if the price of Bitcoin (BTC) falls below the support level of short-term holders at $58,900, the market risks entering a bearish phase. Here’s how the markets look to me. $58.9k STH support, if this breaks we move to a bear market. CVD selloff has peaked, so a phase of “up” next. CVD measures market orders (impatient buy/sells). Longer term: still weeks away from a…
Bitcoin adoption is soaring across sectors, emerging as a standard in the sports industry. Demonstrating this trend, a UFC winner has requested his bonus to be paid in Bitcoin, underscoring the cryptocurrency’s increasing prominence within the sports sector. Bitcoin Becomes Price Of Choice For UFC Winner Brazilian professional Mixed Martial Artist (MMA) and UFC 300 winner, Renato Moicano took to X (formerly Twitter) on April 14, to demand that his $300,000 bonus should be paid in Bitcoin. The declaration came as a pleasant surprise to crypto enthusiasts under the comment,…
“Obtaining the CASP license from the FSCA is a monumental achievement for VALR,” Farzam Ehsani, the co-founder and CEO of VALR said in a press statement. “We welcome this regulatory milestone for South Africa and applaud the regulators for taking this important step for the nation.” Source
Since the start of 2024, India has witnessed an influx of demand for cryptocurrencies, with exchanges recording notable surges in trading volumes. Indias are warming up to the emerging digital asset sector despite the lack of proper regulations and a hefty tax on crypto gains. As anticipation builds for Bitcoin’s next halving in April 2024, the cryptocurrency community, especially in India, seem to be observing the potential impacts on market dynamics and investor behaviour. According to Edul Patel, CEO & Co-founder of Mudrex, data suggest a complex interplay of market…
Bitcoin First, Not Only: Fostering Widespread Adoption Through Education Original
At yesterday’s hearing, she was asking the deputy treasurer questions about if a validator is in Iran, somehow that means Iran is making millions of dollars. Now, you and I and everybody reading this knows that a validator could be anywhere. It could be in Iran, it could be anywhere else in the world. That’s what’s a decentralized distributed ledger system is. But a validator doesn’t get cash. If anything, a validator could get paid in the native asset of the network, whether it’s Bitcoin or Ethereum, but then you…
As ethereum fluctuates within a wide trading range from $2,991 to $3,266 on April 15, 2024, key technical indicators and chart patterns suggest a nuanced but potential shift in market sentiment. Despite a bearish trend over the past week, recent oscillator and moving average signals point towards a possible bullish reversal. Ethereum The relative strength […] Source CryptoX Portal
A contract asking users to bet on the outcome of the 2024 Presidential election—which has over $110.8 million staked, easily a record for crypto-based prediction markets—saw “yes” shares for Biden winning rise 1 cent, to 45 cents, and “yes” shares for Trump dip by a penny to 45 cents. A share pays out $1 if the prediction turns out correct, so the market is signaling each candidate now has a 45% chance of winning. Source
In the latter, as long as you profit, everything is fine. In fact, if you have sufficient capability to financialize, you don’t even need profit now. You can promise endless future profits, “grow” (i.e., “increase”), sell the rights to them, and move on. Everything becomes reducible to its immediate flows. But as you gradually strip away your own and everybody else’s capital – as you dismantle, trade, and consume every tool – you will find returns to be more and more elusive and, eventually, impossible. The only important question becomes,…