The Invisible Hand Restricting Bitcoin and Ether Price Swings
Hedging activity of market makers, who are always on the opposite of investors' trade, seems to have kept prices rangebound off late. Source
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Core Scientific to Hand Crypto Mining Rigs to NYDIG to Extinguish $38.6M in Debt
The bear market in crypto has taken a toll on the mining industry, particularly on leveraged firms, as high energy prices coupled with a low bitcoin price have led to consolidation and capitulation. Core borrowed about $77.5 million from NYDIG to buy mining equipment starting October 2020, but has essentially
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Core Scientific to hand over 27K rigs to pay $38M debt
Crypto mining firm Core Scientific made a deal with the New York Digital Investment Group (NYDIG) to pay off an outstanding debt of $38.6 million by handing over more than 27,000 mining machines used as collateral. In a court filing, the company said that the mining rigs were no longer essential
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Bitcoin’s Crypto Market Action Holds the Upper Hand as Dominance Level Surpasses 40% – Bitcoin News
On Jan. 21, 2023, the price of bitcoin reached a 24-hour high of $23,333 per unit at 5 a.m. Eastern Time on Saturday. The entire crypto-economy is now valued at $1.05 trillion after rising 7.2% against the U.S. dollar. Bitcoin’s price rise has led to the crypto asset’s dominance level
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Bullish crypto traders maintain the upper hand despite the total market cap rejecting at $1T
The total crypto market capitalization soared by 29.4% in two weeks, although Bitcoin's (BTC) price stabilized near $21,000 on Jan. 19.As a result, it became increasingly difficult to justify that the 5-month-long bearish trend still prevails after the $930 billion total crypto channel top has been breached. Still, the psychological
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Ethereum Stalls At $1,200, Why Bears Still Have The Upper Hand
Ethereum is still closely mirroring the price of bitcoin through the bear market and that has seen its price basically stall in the last day in tandem with BTC. ETH’s price is presently resting just above $1,200, and while this would have served as a good bounce-off point for the
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Bitcoiner implants Lightning chip to make BTC payments by hand
The Lightning Network continues to shock the Bitcoin (BTC) community. A swiss IT Professional called F418 (not his real name) surgically implanted a Lightning-enabled chip into his right hand to make Lightning Network (LN) payments.An X-Ray image of the chip implanted into F418's hand. Source: YoutubeSpeaking with Cryptox, F418 said
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Ethereum bears have the upper hand according to derivatives data, but for how long?
Ether (ETH) price experienced an 11.9% decline from Nov. 20 to Nov. 22, bottoming at $1,074 — the lowest level seen since July. Currently, investors have reason to be concerned after crypto lending company Genesis reportedly faced difficulties raising money, triggering rumors of insolvency on Nov. 21. However, a spokesperson for
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President of Central Bank of Brazil Disagrees With ‘Heavy Hand’ Regulations for Cryptocurrencies – Regulation Bitcoin News
The president of the Central Bank of Brazil, Roberto Campos Neto, has defended the use of more moderate regulations in the crypto environment. Campos Neto stated that while regulation is indeed necessary, it has to be done in a way that doesn’t stop innovation. He also explained his goal is
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Polygon and others extend helping hand to Terra blockchain projects
Numerous developers have been left in uncertainty in the aftermath of the Terra (LUNA) collapse. These Terra-based projects, which are already under a lot of pressure, may be able to save their communities and projects by migrating to other networks.In a move that is expected to benefit both the Polygon
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