Cryptocurrency Price Today: After almost a week of consecutively trading in red, the charts for some coins are in green today. As of writing, Litecoin sees a jump of 4.16% in the last 24 hours. Ethereum is seeing a spike of 2.07%. Bitcoin is up by 0.42%. advertisement Chainlink hikes 1.95%. Solana is upwards by 0.56%. Avalanche is upwards by 0.63%. The meme cryptos, Dogecoin and Shiba Inu are down by 3.78% and 1.57% respectively. Polkadot sees a dip of 0.83%. With an increase of… Source link

Monero has earned its reputation as one of the leading privacy-focused coins out there. But the performance of its XMR token has been poor through much of 2022. And while XMR is starting to slip, newer projects like Metacade are starting to outpace it. So why is MCADE skyrocketing while Monero struggles? This article will break it down in the sections below. Keep reading to learn more. What is Metacade (MCADE)? Metacade is Web3’s first virtual arcade hosting a whole array of games with a… Source link

The government of India has provided some updates on its cryptocurrency bill and investigations of crypto exchanges in Lok Sabha, the lower house of India’s parliament. “Crypto assets are by definition borderless and require international collaboration to prevent regulatory arbitrage,” said the minister of state in the Ministry of Finance. Indian Government Answers Questions About Crypto Bill and Regulation The Indian government answered two sets of questions about… Source link

Dec 20 (Reuters) – Bitcoin staggered into 2022. It ends the year slumped in an alleyway, robbed of its cocktail of cheap money and leveraged bets, shunned by the establishment. The preeminent cryptocurrency has lost 60% of its value, while the wider crypto market has shrunk by $1.4 trillion, squashed by rising interest rates, vanishing risk appetite and corporate collapses including Sam Bankman-Fried’s FTX. Crypto funds have seen net inflows of $498 million in 2022, versus $9.1 billion in… Source link

This is an opinion editorial by Ruda Pellini co-founder and president of Arthur Mining, an ESG-focused bitcoin mining company. I recently saw an article that cited the level of leverage and debt of the world’s leading Bitcoin mining companies. Since they are listed companies, it is easy to find their financial statements and prove the obvious: this is a counter-cyclical business that requires a lot of efficiency and professional management. For those who are still wondering what mining is,… Source link

Bitcoin (BTC) broke below $16,800 on Dec. 16, reaching its lowest level in more than two weeks. More importantly, the movement was a complete turnaround from the momentary excitement that had led to it $18,370 peak on Dec. 14. Curiously, Bitcoin dropped 3.8% in seven days, compared to the S&P 500 Index’s 3.5% decline in the same period. So from one side, Bitcoin bulls have some comfort in knowing that correlation played a key role. At the same time, however, it got $206 million of BTC… Source link

In early reports, EY said that Cotten, as the sole proprietor of Quadriga in its waning days, was the only person who could access its funds. Investigators claimed that Cotten did not maintain clear records, part of why the effort to recover customer funds is dragging into a fourth year. Source link

Bitcoin (BTC) broke below $16,800 on Dec. 16, reaching its lowest level in more than two weeks. More importantly, the movement was a complete turnaround from the momentary excitement that had led to the $18,370 peak on Dec. 14. Curiously, Bitcoin dropped 3.8% in seven days, compared to the S&P 500 Index’s 3.5% decline in the same period. So from one side, Bitcoin bulls have some comfort in knowing that correlation played a key role; at the same time, however, it got $206 million of BTC futures… Source link

Outside of a “black swan” event specific to a centralized crypto entity, BTC’s price remains largely tethered to the Federal Reserve’s monetary policy decisions. Now that the Sam Bankman-Fried news is beginning to subside, Fed Chair Jerome Powell is reemerging as crypto’s primary antagonist, even if unintentionally so. Source link

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