Cryptocurrency Analysis and News Portal
Earlier in the day, ADP’s Employment report on job creation in the private sector arrived hotter than expected as businesses created 208,000 jobs in September, versus consensus estimates for 200,000, and 12% higher than August's 185,000 total. And OPEC rocked energy markets by reducing oil production by two million barrels.
Read More
U.S. Senator Cynthia Lummis says she loves that bitcoin cannot be stopped and that governments cannot just confiscate the cryptocurrency. “It’s actually comforting to know that bitcoin is there,” she said, citing concerns about the national debt and inflation. U.S. Senator: Bitcoin Is Something Governments Cannot Take U.S. Senator Cynthia Lummis (R-WY)
Read More
Crypto lending firm Nexo (NEXO) risks losing half of its valuation by the end of 2022 as doubts about its potential insolvency grow in the market.Is Nexo too centralized?For the unversed: eight U.S. states filed a cease-and-desist order against Nexo on Sep. 26, alleging that the firm offers unregistered securities
Read More
The change spurred a hard fork, splitting the blockchain in two and giving rise to an offshoot chain called Ethereum PoW. Some exchanges and platforms have shown support for the forked version, which still uses proof-of-work (PoW) verification, and at least 19 former ether mining pools are active on it,
Read More
El Salvador, the Central American nation that adopted Bitcoin (BTC) as a legal tender in September last year, has delayed the launch of its billion-dollar Bitcoin bond again.The Bitcoin bond, also known as the "Volcanic bond" or Volcanic token, was first announced in November 2021 as a way to issue
Read More
Ethereum is a few weeks away from officially moving to a proof-of-stake (PoS) mining consensus from its current proof-of-work (PoW) one. The transition officially dubbed the Merge is slated for Sept. 15, but in the run-up to the major upgrade, Ethereum node centralization has become a hot topic.As Cryptox reported
Read More
The BTC hourly chart below illustrates the time of the German PPI announcement, in conjunction with the drop in BTC prices. The decline came along with excessive volume for the 06:00 UTC hour, when compared to BTC’s 20-hour moving average. The decline also occurred within a price range with lower
Read More
Several large banks in Portugal have reportedly begun closing the accounts of cryptocurrency exchanges due to "risk management" concerns, suggesting a shift in Portugal's pro-crypto position. The country's central bank appears to have given the financial institutions the green light to take action.Several of Portugal's top banks recently closed the
Read More
El Salvador is down roughly 54% on its investments in bitcoin, representing a potential loss of $55.8 million, according to CoinDesk data based on Bukele's announcements. So far, the country has spent $103.9 million in bitcoin, at an average price of $45,171 per coin. Original Source
Read More
The backstory, according to an industry executive briefed on the matter by people with direct knowledge of the situation, is that a Singaporean arm of Zipmex faces a big loss on about $100 million of funds lent to the now beleaguered, Hong Kong-based Babel through a product called "ZipUp." Zipmex
Read More