Bitcoin price up-down debate ‘mostly noise,’ watch network’s Apple-esque growth

Bitcoin (BTC) continued its decline further into the week as BTC clung to the $40,000 support level on Feb. 18. BTC price up-down debate “mostly noise”  While many analysts anticipated BTC’s price to fall toward $30,000 next, mostly based on technicals, Jurrien Timmer of Fidelity Investments lambasted the downside bias, calling it “mostly noise.” Bitcoin has been in a choppy trading range for almost a year now, bouncing between 30k and 65k. The up-or-down debate continues to be a favorite hobby for many, but it’s mostly noise. For Bitcoin, the network is…

OpenSea email over inactive NFT listings sparks Twitter debate

Some OpenSea users who heeded OpenSea’s call to call their inactive listings ended up losing their NFTs and their money. Twitter users reacted negatively to an OpenSea email sent to users who still had inactive listings on their accounts. In the email, OpenSea explained that old NFTs listings are still fulfillable, and should be canceled by the user because OpenSea is unable to cancel them on their behalf. They claimed this would “prevent any of your items from being sold at the inactive listing price,” due to Ethereum’s (ETH) dropping price.…

Witnesses Debate Crypto Mining’s Efficiency in Congressional Hearing on Environment

CryptoX – Cryptocurrency Analysis and News Portal Rep. Cathy Rodgers (R-Wa.), who began the hearing with an off-topic speech about inflation, COVID and the current U.S. president, asked about the potential of blockchain to protect citizens’ privacy, as well as the potential adverse impact of regulation on job and investment growth. Rep. Annie Kuster (D-N.H.) inquired about innovations that could stem from bitcoin mining and benefit other industries. Original Source The post Witnesses Debate Crypto Mining’s Efficiency in Congressional Hearing on Environment appeared first on CryptoX. CryptoX Portal

Witnesses Debate Crypto Mining’s Efficiency in Congressional Hearing on Environment

Rep. Cathy Rodgers (R-Wa.), who began the hearing with an off-topic speech about inflation, COVID and the current U.S. president, asked about the potential of blockchain to protect citizens’ privacy, as well as the potential adverse impact of regulation on job and investment growth. Rep. Annie Kuster (D-N.H.) inquired about innovations that could stem from bitcoin mining and benefit other industries. Source

Was $39,650 the bottom? Bitcoin bulls and bears debate the future of BTC price

Bitcoin (BTC) price made a quick pop above $43,100 in the U.S. trading session but uncertainty is still the dominant sentiment among traders on Jan. 11 and bulls and bears are split on whether this week’s drop to $39,650 was BTC’s bottom.  Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin has traded tightly around the $42,000 level as the global financial markets digested U.S. Federal Reserve Chair Jerome Powell’s statements on the upcoming fiscal policy changes. BTC/USDT 1-day chart. Source: TradingView Powell indicated that the central bank is prepared…

Tesla CEO Elon Musk Reveals Why He’s Pro Dogecoin Amid Debate Over Web3, Ethereum, Decentralization – Bitcoin News

Tesla and Spacex CEO Elon Musk has explained why he’s pro dogecoin as the debate over web3, Ethereum, and decentralization intensifies. In the same conversation, former Twitter CEO Jack Dorsey insisted that he is not anti-ETH. “I’m anti-centralized, VC-owned, single point of failure, and corporate-controlled lies,” he stressed. Elon Musk Shares Why He’s Pro Doge Elon Musk’s Doge explanation came as he and dogecoin co-creator Billy Markus joined a Twitter thread about web3 and Ehtereum involving Jack Dorsey. The former Twitter CEO raised concerns this week about web3 being owned…

Inflation or Deflation? Jack Dorsey, Cathie Wood, Elon Musk, Jeff Booth Debate!

This episode is sponsored by NYDIG. Download this episode Last weekend, Jack Dorsey set the internet alight when he proclaimed, “Hyperinflation is going to change everything. It’s happening.” That kicked off a mighty debate involving Cathie Wood, Elon Musk, Jeff Booth and others. At the heart of it is the question of whether inflation or deflation is the more powerful force in the months and years to come. See also: Jack Dorsey Is Right About Inflation – Partly “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW,…

Cronies or Experts? Crypto’s Revolving Door Ignites a Debate

Brian Brooks went from a law firm to a bank to a mortgage company to a crypto exchange to America’s top banking regulatory agency to a crypto exchange again. He’s on the market again – but which way will it be, public sector or private? The lanky Colorado native with his shock of sandy-brown hair is quite familiar with the revolving door, and may even epitomize the best and the worst of the well-trodden corridor between private interests and public service. A dizzying number of former regulators – attracted by…

What is the Bitcoin Block Size Debate and Why Does it Matter?

The question of how to scale Bitcoin is not a new one. But as transaction volumes are expected to increase in the years ahead, questions about the cryptocurrency’s future composition must, in the eyes of those who favor change, be answered sooner rather than later: Whom does it serve? How should it look? What makes it unique? What are blocks? Blocks are batches of transactions that are confirmed and subsequently recorded on bitcoin’s public ledger, the blockchain. During the digital currency’s early days, these blocks could carry up to 36MB…