Cryptocurrency Market Drains $50B As Bitcoin Touches Weekly Lows

Bitcoin price is falling again after it started making a positive turn at the beginning of July. The entrance into the second half of 2022 seemed to revive most cryptocurrencies. There was a sudden rise in value for several tokens, with the worldโ€™s largest crypto asset almost taking the lead. Bitcoin hit the $25,000 level within the past few weeks, but such performance is not sustainable. On consecutive days this week, BTC lost hundreds of dollars in value as the price crawls back to around $23,000. The broader market is…

FLOW Rebounds Following 7-Day Losing Streak โ€“ Market Updates Bitcoin News

FLOW was trading higher on Thursday, as the token rallied upward following seven straight days of declines. The surge comes despite the global crypto market capitalization trading 1.14% lower as of writing. Shiba inu fell by nearly 10% in todayโ€™s session. FLOW FLOW was one of Thursdayโ€™s notable movers, as the token rebounded following seven consecutive days of declines. The drops in price saw FLOW hit a low of $2.54, which has also acted as a recent support point. However, like on August 8, which is the last time prices…

How can DAOs involve fans in filmmaking? Expert answers

As more people begin to integrate Web3 technologies into entertainment and production, the use case for decentralized autonomous organizations (DAOs) in filmmaking has been highlighted in a Cointelegraph interview with Jake Fraser, the head of business development at the film-focused blockchain project Mogul Productions.ย  When it comes to DAO usage in films, a deeper level of fan engagement was highlighted by Fraser. As an example, the executive pointed out the involvement of fans in the production process such as in creating the script, choosing stories and picking the location. He…

CME Group Adds to Crypto Offerings With Ether Options

“As we approach the highly anticipated Ethereum Merge next month, we continue to see market participants turn to CME Group to manage ether price risk,” Tim McCourt, global head of equity and FX Products at CME Group said in the statement. “Our new Ether options will offer a wide array of clients greater flexibility and added precision to manage their ether exposure ahead of market moving events,” he added. Source

Bitcoin pierde tendencia alcista a medida que la Fed prevรฉ tasas restrictivas por mucho tiempo

Los traders de futuros de fondos de la Fed ya no ven que el banco central cambie a recortes de tasas el prรณximo aรฑo, segรบn Michael Kramer, de Mott Capital Management, sino que esperan que las tasas alcancen un mรกximo de alrededor del 3,7 % en marzo y permanezcan allรญ hasta fines de 2023. El mes pasado, el banco central elevรณ la tasa de interรฉs de referencia en 75 puntos bรกsicos (0,75 puntos porcentuales), lo que aumentรณ el rango a 2,25%-2,5%. Source

Coinbase Could Be a Material ‘Beneficiary’ of Ethereum’s Merge Transition, JPMorgan Analyst Says โ€“ Finance Bitcoin News

JPMorgan analyst Kenneth Worthington says digital currency exchanges like Coinbase will end up being a meaningful โ€œbeneficiaryโ€ of Ethereumโ€™s long-awaited transition from proof-of-work (PoW) to proof-of-stake (PoW). Based on $2K ethereum prices and a 5% ethereum yield, Worthington explained that The Merge could boost Coinbaseโ€™s annual income by $80 to $100 million from staking services. As the Financial Giantโ€™s Market Strategists Focus in on The Merge, JPMorgan Analyst Says Staking Revenue Could Bolster Coinbase In 29 days, the Ethereum network is expected to implement The Merge on or around September…

Fifth Day of Declining Bitcoin Price Has Some Traders Looking Out Below

Traders of Fed fund futures no longer see the central bank switching to rate cuts next year, according to Mott Capital Management’s Michael Kramer. Traders expect rates to peak around 3.7% by March and remain there until late 2023. Last month, the central bank raised the benchmark interest rate by 75 basis points (0.75 percentage point), lifting it to the 2.25%-2.5% range. Original