Bitcoin

Miners have been haunted by their heavy debt obligations in a bear market that has seen the value of their collateral, usually crypto assets and mining machines, plummet. Some of the biggest firms in the industry, Compute North and Core Scientific (CORZ) have filed for Chapter 11 bankruptcy protection. Source link

What happened According to data from S&P Global Market Intelligence, companies and funds with direct ties to the crypto market are having a great week as the leading cryptocurrency finally had some good news to report. Here’s how a handful of securities intimately related to Bitcoin (BTC 3.73%) fared this week, counting from Wall Street’s closing bell at 4 p.m. ET last Friday to the corresponding bell time on Thursday, Jan. 12: MARA data by YCharts. For those unfamiliar with these… Source link

Bitcoin’s (BTC) recent double-digit rally has sparked a positive sentiment shift among crypto options traders. The leading cryptocurrency by market value has gained 13% this month, topping the $19,000 mark for the first time since Nov. 8, CoinDesk data show. Tumbling U.S. inflation, weaker U.S. dollar, and expectations for slower Federal Reserve rate hikes have helped the cryptocurrency look past the lingering fallout from FTX’s collapse. And consistent with the resilient rally, bitcoin… Source link

Call options above BTC’s going market price, currently $18,850, are known as OTM, while those below the spot price are ITM. The opposite is the case for puts, with options above the spot price known as ITM while those below called OTM. Call and put options at strikes at around the spot price are ATM options. Source link

Call options above BTC’s going market price, currently $18,850, are known as OTM, while those below the spot price are ITM. The opposite is the case for puts, with options above the spot price known as ITM while those below called OTM. Call and put options at strikes at around the spot price are ATM options. Source link

Bitcoin, the world’s largest cryptocurrency by market capitalization, rose 11.7% from Jan. 5 to Jan. 12, trading at US$18,830, at 2 p.m. in Hong Kong. Ether gained 13.7% in the same timeframe, changing hands at US$1,428. “It’s very difficult to determine what causes short-term price swings in the Bitcoin market,” Joe Burnett, head analyst at Blockware Solutions, wrote to Forkast.  “Traditional equity indexes rallying over the last week has certainly provided some tailwinds for BTC… Source link

That’s why the park is a vital source for charcoal, or makala in Swahili, and for food—even though farming, fishing, hunting, and logging are all illegal. Park resources are stripped with regularity: between 2001 and 2020, Virunga lost almost 10% of its tree cover, and de Merode estimates $170 million in Virunga’s trees and ivory are lost annually. But the alternative for locals is being unable to pay local warlords or starving. These are perfect conditions for corruption.  “Congo… Source link

Permissionless is the brainchild of Blockworks and Bankless. Over 5,500 people attended the inaugural event in 2022, making Permissionless the world’s largest DeFi conference.  What sets Permissionless apart? It’s a crypto native’s paradise, crafted specifically for both builders and investors who […] Source link

ARK Invest CEO Cathie Wood believes that digital wallets and blockchain tech were among “game-changing innovations” that the equity markets largely ignored in 2022.  In a Jan. 12 blog post on the ARK Invest website, Wood suggested that the equity market faced a “wall of worry” in 2022, caused by fears of entrenched inflation and higher interest rates, and largely ignored a number of innovative technologies. Wood highlighted that digital wallets are “replacing cash and credit… Source link

A climate tech investor has painted a bright view of the Bitcoin (BTC) network, suggesting BTC’s environmental positives outweigh its negatives by a whopping 31:1 ratio. On Jan. 12, self-proclaimed philanthropist and environmentalist Daniel Batten claimed in a Twitter thread that “Bitcoin is probably the most important ESG technology of our time.” According to Batten, the 31:1 positive impact ratio was calculated by researching and interviewing grid engineers, climate scientists, BTC… Source link