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In brief Blockchain network Chia has launched its first NFT standard on mainnet. Chia Network’s Gene Hoffman claims that it provides benefits over Ethereum and Solana, which have thriving NFT markets. Ethereum currently rules the NFT market in both trading volume and high-value projects, with rising rival Solana trailing behind on both markers. But there’s an incoming entrant that aims to deliver where it claims that both competing blockchain platforms fall short: Chia. Chia turned heads… Source link

Bitcoin (BTC) has hit new record highs this week — not in U.S. dollar terms, but against its longtime competitor, Bitcoin Cash (BCH). Data from Cointelegraph Markets Pro and TradingView confirms that on June 29, BCH/BTC officially set its lowest ever price. CoinFLEX debacle ensnares BCH supporter Ver Bitcoin Cash, also known as “Bcash” by those critical of the coin’s ethos and future, gained notoriety in 2017 when it became the first major hard fork of the Bitcoin network to take on BTC… Source link

Text size Miners spend an average of $15,000 to produce each coin, JPMorgan estimates. Dreamstime The… Source link

  Bitcoin price is moving lower towards USD 20,000. Ethereum is testing USD 1,150, XRP is approaching USD 0.320. Only several altcoins are in the green today. Bitcoin price failed to start a stronger increase above the USD 21,200 level, started another decline, and traded below USD 21,000. It is currently (04:07 UTC) trading near USD 20,300 and is down 2% in a day and a week. Similarly, most major altcoins are showing signs of more… Source link

When we bring up crypto mining, maybe the primary factor that involves in mind is Bitcoin. It employs one amongst the foremost, difficult mining processes better-known to the industry. It’s improbably energy-intensive and needs advanced computing equipment. Such a lot in order that mining Bitcoin is sometimes one thing solely massive companies can afford to do. However, not all cryptocurrencies have such a troublesome mining process.  It’d be onerous to believe, however you’ll mine… Source link

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he’s waiting for the price of bitcoin to test $1,100. He added that he will buy more if the cryptocurrency recovers from that price level. Robert Kiyosaki on Bitcoin Testing $1,100 The author of Rich Dad Poor Dad, Robert Kiyosaki, has returned with a new bitcoin outlook. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for… Source link

Ethereum has been closing red week after red week for the past 11 weeks. It is the longest red streak that has been recorded in the history of the cryptocurrency, hence, it carried significant implications for the digital asset. Through the decline, it has been one of the worst-hit coins, performing poorly compared to the other cryptocurrencies at this time. However, the digital asset has now closed its first weekly green candle in three months and things are looking up. Better Days Ahead

The ongoing cryptocurrency market has continued to witness major liquidations. Following a $24 billion decline on 26 June, the total crypto market cap slipped by $9.17 billion on 27 June. At press time, the total liquidations over the last day stood at $137 million. It was down from $145 million as compared to 27 June. Catching the first train out  This certainly seems to be the case with cryptocurrency holders as highlighted in the latest Digital Asset Fund Flows Weekly Source link

“We believe that the most prudent approach is to sit on the sidelines as we wait for the volatility and illiquidity contagion to come to its logical conclusion,” said Gao in the statement. “On the balance of probabilities, we see weaker price action opening the way to lower levels to come as reports of the number of chains imposing ‘temporary’ suspension on withdrawals increases,” he added. Source link

The crypto market is currently going through a period of heightened volatility as global economic conditions continue to worsen amid a backdrop of rising inflation and interest rates.  As the headwinds impacting global financial markets beat down all traces of bullish sentiment, many crypto investors are predicting that Bitcoin (BTC) price could drop to as low as $10,000 before a market bottom is found. BTC/USDT 1-day chart. Source: TradingView While many traders scoffed at the idea of BTC… Source link