Tag: Top

3 Top Altcoins That Defy The Market Retracement- REEF, LINK, VET

 LINK’s price holds strong as price eyes a rally to $12 after breaking out of its long-range accumulation zone.  REEF’s price continues to trend above key support as price broke out of its downtrend with eyes set for $0.01.  VET’s price remains strong, holding key support on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA). Previous weeks saw the price of most altcoins trend higher this has put these 3 top altcoins in the spotlight, considering how the crypto market has been fairing after…

Bitcoin heads to US midterms as research says dollar ‘closing in’ on a market top

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Bitcoin (BTC) stayed lower at the Nov. 7 Wall Street open as the day before the United States midterm elections opened to flat equities performance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Crypto wobbles on FTX woes Data from Cointelegraph Markets Pro and TradingView showed BTC/USD nearing $20,600 at the time of writing — a three-day low. Volatility was expected around the midterms and the Consumer Price Index (CPI) print for October later in the week. An additional hurdle in the form of controversy over trading platform FTX added to the…

Bitcoin’s Top Mining Pool Foundry USA’s Hashrate Climbed 350% in 12 Months – Mining Bitcoin News

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Last year, Bitcoin’s total network hashrate was around 160 exahash per second (EH/s), and 15 known mining pools dedicated hashrate to Bitcoin on Nov. 6, 2021. At that time, the mining pool Foundry USA was the fifth largest mining pool with 18.44 EH/s dedicated to the Bitcoin chain. During the last 12 months, Foundry has managed to increase the pool’s hashrate by more than 350% climbing to 84.34 EH/s on Nov. 6, 2022. After 12 Months, Foundry USA’s Hashrate Muscles Its Way Into the Top Bitcoin Mining Pool Position The…

Crypto no more in top 10 most-cited potential risks: US central bank report

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While proponents of traditional finance remain keen on dismissing Bitcoin (BTC) and the crypto ecosystem as financial risks, a survey conducted by the Federal Reserve Bank of New York — one of the 12 federal reserve banks of the United States — revealed 11 factors that overshadow crypto in terms of risk in 2022. Geopolitical tensions, foreign divestments, COVID-19 and high energy prices were found to be some of the most-cited potential risks for the US economy, according to a central bank survey published by the Federal Reserve System. Federal…

Foundry Academy Launches Training Program to Produce Top Technicians for BTC Mining Industry – Mining Bitcoin News

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Foundry Digital, a digital asset mining and a staking-focused subsidiary of Digital Asset Group, has announced the launch of a new bitcoin mining hardware training program. The training course, which is expected to commence on Nov. 7, is expected to help professionals and enthusiasts learn how to set up a miner as well as to identify and solve common hardware failures. ‘In-Person Classes’ to Be Conducted by Industry Players Foundry Digital, a subsidiary of Digital Asset Group (DCG), has announced the launch of a new training course for individuals seeking…

Polygon (MATIC) Among Top Performers, Can It Sustain The Rally?

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Popular Ethereum layer-2 token MATIC has surged over 17% in the last 24 hours, leading the crypto market in gains. Its price jumped from the previous day’s low of $0.815 to a local high of above $1. However, the price succeeded in breaking through the $1 barrier, settling at $1.13 at press time. MATIC’s price had fallen for five days in a row beginning on October 29th. However, it has recently seen a remarkable uptick due to several positive developments. Meta’s recent announcement about supporting NFTs on Instagram leveraging Polygon…

Dogecoin (DOGE) Cracks Over 150% In 7 Days; Is The Top In Yet?

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DOGE’s price shows strength as it continues its rally with eyes set on a high of $0.2.  DOGE could rally more as the price creates more bullish bias by breaking out of a bullish continuation pattern with eyes set on rallying higher. DOGE’s price remains strong on all timeframes as price trades above the 50 and 200 Exponential Moving Averages (EMA). The price action displayed by Dogecoin (DOGE) in the past few days has been tremendous, as the price of Dogecoin (DOGE) has become a standout performer creating the euphoria…

Privacy Protection a Top Issue for Digital Yuan: China’s Central Bank Governor

He explained that is accomplished via the fact that “transaction-related data is encrypted for storage,” “entities and individuals are prohibited from arbitrary inquiry or information usage without rigorous legal authorization” and that China’s central bank keeps “small-amount soft wallets and hard wallets to meet the need for small-value anonymous transactions, both online and offline.” Source

FTX Founder says Hong Kong Could be Top Blockchain Hub in Asia

Crypto exchange FTX founder Sam Bankman-Fried said that, unlike the West, although Asia does not have a key web3, blockchain and cryptocurrency hotspot, Hong Kong could emerge as a leader in that sector. Speaking virtually during the annual Hong Kong FinTech Week 2022, Bankman-Fried said that other potential locations in Asia are Singapore and Busan. “If you look at what the crypto hubs will be in the world, I think the Bahamas looks like one of them, Dubai looks like one of them, but if you look at the East,…