Cryptocurrency Analysis and News Portal
One of the main attractions for mining companies is the cost of electricity in Paraguay, which is the lowest in the region at around $0.05 per kilowatt-hour, Paraguayan congressman Carlos Rejala told CryptoX in June, adding that almost 100% of energy production comes from hydroelectric sources. Source
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A major cryptocurrency exchange in India, Wazirx, has reported “a massive surge in user signups” this year, with 82% of its users making profits on their crypto investments. Its trading volume also rose 1,735% from the previous year. Meanwhile, the Indian government is actively working on the country’s crypto regulation. $43
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The best cryptocurrency exchange for traders globally The cryptocurrency sector has many opportunities. People around the globe are seeking crypto trading services each day. But, sadly, fraudsters take advantage of the high demand to con innocent traders.It is advisable to be cautious when looking for an exchange. Consider reviews by experts
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While male investors dominated the action in the volatile meme tokens, women investors mostly traded bitcoin, the report said. However, the number of new female users increased 1,009%, outshining the 829% increase in male signups, a sign of demographic shift, also represented by crypto’s growing popularity in the young generation. Source
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Despite higher losses, however, blockchain data suggests that some investors continue to hold bitcoin. For example, the balance of BTC on exchanges has continued to decline this year, which could mean investors prefer to hold bitcoin in their wallet instead of making it available for sale on the exchange. Original Source
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“[Cove’s] wealth of experience in trading execution and crypto market infrastructure will help us to build more powerful trading capabilities, bringing the benefits of better competition in the crypto markets to our customers,” said Christine Brown, Chief Operating Officer of Robinhood Crypto. Source
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Germany’s savings banks are working together to potentially start offering crypto trading to customers directly from their accounts in 2022.The network of some 400 savings banks across Germany will vote on whether to proceed with the project early next year, German business publication Capital reported Monday.If approved, the banks would
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(Edited by James Rubin)Good morning. Here’s what’s happening this morning:Market moves: Bitcoin returned above $50,000 after the S&P 500 rose to a near record high.Technician’s take (Editor’s Note): First Mover Asia replaces the usual Technician’s Take today with CryptoX’s annual list of the most influential people in cryptocurrency. This year’s
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Bitcoin (BTC) has been struggling to sustain the $47,500 support since the Dec. 4 crash, a movement that wiped out over $840 million in leveraged long futures contracts. The downside move came after the emergence of the Omicron variant of the Coronavirus and recent data showing U.S. inflation hitting a
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Interestingly, both longs and shorts took a hit. Of the approximately $9 million in total liquidations, $4.99 million occurred on ‘long’ positions—or the trades betting on upward price movements on people, while the remaining $4.1 million worth occurred on ‘short’ positions, meaning those betting on declining prices of people. Source
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