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Ibiam Wayas Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills. Source link

“There’s a lot of pent-up buying pressure in risk assets, including crypto,” analysts at crypto options platform Genesis Volatility wrote in Sunday’s edition of the market analytics note. “Stock FANG charts look like they could explode higher and crypto could do the same,” they wrote, referring to Facebook, Apple, Netflix and Google. Source link

According to the data available on The Block, Bitcoin (BTC) miners generated $555 million in revenue in July 2022. On the other hand, in June 2022, BTC miners generated $667 million in revenue. This indicates more than a hundred million dollar drop in Bitcoin mining revenue or a 16.7% decrease. In July, miner revenue was at its lowest. On July 31st, the number stood at 22.797 million. July also witnessed the lowest point in miner revenue at 13.929 on the 13th of July. Source:

Several Monero community members pointed out that MINEXMR was dangerously close to a 51 percent attack on the Monero network. The top three XMR mining pools have concentrated more than 80 percent of the total global hash power of Monero. Privacy blockchain network Monero could see a major change this month in terms of miner contribution. Monero’s largest mining pool, MINEXMR, announced a shutdown… Source link

Bitcoin (BTC) starts a new week and a new month on a cautiously positive footing after protecting crucial levels. After an intense July in which macro factors provided significant volatility, BTC price action managed to provide both a weekly and monthly candle favoring the bulls. The road to some form of recovery continues, and at some points in recent weeks, it seemed like Bitcoin would suffer even harder on the back of June’s 40% losses. Now, however, there is already a sense of optimism… Source link

Fidelity’s lead macro strategist Jurrien Timmer says that Bitcoin (BTC) and Ethereum (ETH) have reached a point where they are likely impervious to competition. In an interview with Raoul Pal on Real Vision, Timmer compares Bitcoin and Ethereum to US tech giant Apple and its massive presence and dominance over its industry. “Per Metcalfe’s law, the bigger the network gets, the more exponentially the valuation of that network becomes. And I’ve used the example of Apple… Source link

Monero (XMR) gets a neutral rating from InvestorsObserver Sunday. The Digital Money asset is down 2.51% to $158.3 while the broader crypto market is down 1.69%. Monero has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Neutral Over the last five days, Monero has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of… Source link

A widely followed crypto analyst says that Ethereum (ETH) could pull off an unexpected rally back to its highs around $4,800 when hype over the ETH 2.0 merge builds up. The pseudonymous analyst known as Kaleo tells his 530,000 Twitter followers that ETH has the best chance of any crypto asset to run to all-time highs despite the broader downtrend in the digital asset market. Kaleo says that as Ethereum’s merge to proof-of-stake approaches, a narrative of the “flippening”… Source link

This week was filled with surprises for even those haven’t been a part of the crypto niche. Bitcoin [BTC] and other cryptocurrencies continued their climb. Now that Bitcoin is above a historical accumulation signal, the question is can it reclaim its title as the inflation hedge? Bitcoin fights back Earlier this week, after the 75 bps Fed Reserve rate hike, the Biden administration confirmed that the country had entered a technical recession. After the country’s GDP contracted in the… Source link

The Ethereum “Merge” has become a hot topic among top crypto analysts after the incident that led to the collapse of the Ethereum network in the sale of Otherside by Yuga labs, with nearly $200M lost as gas fees. Related Reading: Proof of Work Vs Proof of Stake – Laneaxis The Ethereum merge, also known as Ethereum 2.0, is the upgrade of the existing execution of the Ethereum layer 1 from proof-of-work (PoW) to proof-of-state (PoS), Beacon chain. POW was first used by the early… Source link