Monthly Archives: May 2022

Market Mayhem and Calling the Bitcoin Price Bottom

Watch This Video On YouTube or Rumble Listen To The Episode Here: In this episode of the “Fed Watch” podcast, Christian Keroles and I, along with the livestream crew, discuss macro developments relevant to bitcoin. Topics include the recent 50 bps rate hike from the Fed, a consumer price index (CPI) preview — the episode was recorded live on Tuesday, before the CPI data was released — and a discussion on why owners’ equivalent rent is often misunderstood. We wrap up with an epic… Source link

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DeFi Coins and Layer-One Assets to Watch for Q2, 2022

Guest Author Here are 3 cryptos to watch: Ethereum Classic (ETC), Monero (XMR), and Calyx (CLX) With the crypto market being in an uneasy position currently, there are 3 cryptos to keep an eye on right now: Ethereum Classic (ETC), Monero (XMR), and Calyx (CLX). While Monero and Ethereum Classic have provided some exciting updates in the recent past making them preferred choices for long-term investors, the CLX Token is a new cryptocurrency that seeks to provide an easy and quick way for… Source link

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Is Monero Classic (XMC) a Bad Investment Monday?

Monero Classic achieves a high risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk. InvestorsObserver is giving Monero Classic a high Risk/Reward Score. Find out what… Source link

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Luna Foundation Guard Left With 313 Bitcoin After UST Crash – CoinDesk

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

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Bitcoin has no future as a payments network, says FTX chief

Bitcoin has no future as a payments network because of its inefficiency and high environmental costs, according to one of crypto’s most influential chief executives. Sam Bankman-Fried, founder of the digital asset exchange FTX, said the proof of work system of validating blockchain transactions, which underpins Bitcoin, is not capable of scaling up to cope with the millions of transactions that would be needed to make the crypto token an effective means of payment. “The Bitcoin… Source link

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Veteran Investor Bill Miller Remains Bullish on Bitcoin — Confirms He Has a Lot of BTC – Markets and Prices Bitcoin News

Famed value investor and fund manager Bill Miller says he has “a lot” of bitcoin and has not sold any despite the recent crypto sell-off. He insisted that investors should put some of their liquid net worth in the cryptocurrency. Bill Miller Shares His Bitcoin Outlook Famed value investor Bill Miller is still bullish about bitcoin despite recent price declines. He confirmed in an interview with CNBC Thursday that he owns “a lot” of bitcoin and hasn’t sold any. Miller is the… Source link

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Litecoin’s new low and a 7% hike – A classic case of…?

Although it’s not a frontrunner in the market, Litecoin is known for being ever-present at all times. Its significance is drawn from its minimal yet expansive use cases that keep it relevant. To date, investors continue to bank on those use cases for recovering their losses. Litecoin finds a new audience Yesterday, Litecoin became the medium of payment for another major company in Canada. Popular Internet Service Provider Oxio added Litecoin to its list of payment methods for their… Source link

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Location of Terra’s Bitcoin Reserve Unknown

Billions in bitcoin, bought as a reserve by the Luna Foundation Guard (LFG), a foundation set up by the failed Terra blockchain, is now untraceable after being moved to two crypto platforms, Bloomberg wrote Saturday (May 14). LFG reportedly bought $3.5 billion of bitcoin between January and March this year, according to data from blockchain forensics firm Elliptic. That may raise questions if investors seek out compensation after the collapse of the blockchain. On May 9, the value of the… Source link

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Onchain Analysis Report Says Terra’s Bitcoin Reserves Were Sent to Binance and Gemini – Bitcoin News

After the collapse of Terra’s once-stable coin terrausd (UST), a number of people wondered where the Luna Foundation Guard’s (LFG) bitcoin went, as the funds were supposed to be used to defend the UST’s $1 parity. On Friday, the blockchain intelligence and analytics firm, Elliptic, published a blog post that summarizes where the bitcoin was sent, according to the firm’s network surveillance tools. LFG Bitcoin Stash Deposited Into 2 Digital Currency Exchanges According to… Source link

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Ethereum Hashrate Taps an All-Time High Amid This Week’s Crypto Market Meltdown – Mining Bitcoin News

Amid the crazy week in the world of cryptocurrencies and the Bitcoin network’s mining difficulty reaching a lifetime high at 31.25 trillion, Ethereum’s hashrate tapped an all-time high on May 13, at block height 14,770,231. Cryptocurrency miners continue to dedicate large quantities of processing power toward the second-largest crypto network in terms of market capitalization. Ethereum’s Hashrate Continues to Climb Higher Proof-of-work (PoW) ethereum miners are working harder… Source link

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