Day: September 11, 2022

August saw a 13% drop in the price of Bitcoin; how the Merge will reduce Ethereum’s energy consumption

August saw a 13% drop in the price of Bitcoin; how the Merge will reduce Ethereum’s energy consumption

August saw a 13% drop in the price of Bitcoin; how the Merge will reduce Ethereum’s energy consumption Kyle McDonald, an unbiased researcher, predicts that the Bitcoin community might also additionally be “regulated away,” inflicting the charge of bitcoin to collapse. He recommends promoting bitcoin now. The cause is that once the Ethereum blockchain switches …

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Latin America is ready for crypto — just integrate it with their payment systems

Brazil is already leading the globe in cryptocurrency adoption. Integrating crypto with payment providers in the region is a surefire way to see Latin America fully embrace the industry. OPINION   Thriving on exploiting users’ data, Web2 monopolies like Facebook and Google have ushered in an era of massive internet centralization in recent years. This …

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SEC to Set up Specialized Unit for Crypto Issuer Filing

SEC to Set up Specialized Unit for Crypto Issuer Filing

The US Securities and Exchange Commission (SEC) will create dedicated offices to deal with filings related to the life science sector and cryptocurrencies. The regulator announced this development on September 9, saying the “Office of Industrial Applications and Services” and “Office of Crypto Assets” will become its newest offices. It already has seven dedicated offices under the …

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Shiba Inu’s whales have this to say to SHIB’s traders

Shiba Inu’s whales have this to say to SHIB’s traders

The euphoria around meme-based cryptocurrency Shiba Inu has translated into a rapid surge in accumulation recently. The number of SHIB holders has now hit an all-time high after peaking at 1.22 million. This historic peak comes after a period of strong accumulation of late. There has also been a hike in whale holdings as strong bullish signals were …

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Terra back from the dead? LUNA price rises 300% in September

The incredible LUNA rally took place amid a flurry of positive and negative events while technicals suggest a correction is coming. ALTCOIN WATCH   Terra has become a controversial blockchain project after the collapse of its native token LUNA and stablecoin TerraUSD (UST) in May. But its recent gains are hard to ignore for cryptocurrency traders. LUNA …

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XRP Can Now Be Burned via Bitcoin Payment App on XRPL, Here Is How

XRP Can Now Be Burned via Bitcoin Payment App on XRPL, Here Is How

A recent report takes a look at proof-of-stake chains: Cardano, Polkadot and Avalanche. The proof-of-stake consensus mechanism powers blockchains such as Cardano, Tezos, Polkadot and Avalanche and allows staking and the creation of validator nodes. Currently, Cardano has over 1,182,080 staked wallets with a staking ratio of 72.63%, which reflects a high degree of decentralization. Polkadot, on the other hand, …

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What is PAX Gold (PAXG) and how does it work?

PAX Gold is a cryptocurrency and gold hybrid that bridges the gap between the two investment options. It offers the security and stability of cryptocurrencies. HOW TO CRYPTO   In recent years, nonfungible tokens (NFTs), cryptocurrencies and other modern investment options have become trendy. However, physical commodities such as gold are still in high demand. In …

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Bitcoin Would Be Ready For $24,000 If This Happens; What Is That?

Bitcoin (BTC) despite showing bearish signs against tether (USDT) as the price plunged to $18,500 recently, with many traders and investors sweating on their long open position.  The price of Bitcoin (BTC) quickly bounced off from that region after forming a bullish divergence on the four-hour chart and has shown no intention of stopping. (Data …

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Florida Alerts Residents to Auto-Warranty Scams Requesting Crypto Payments

Florida Alerts Residents to Auto-Warranty Scams Requesting Crypto Payments

Authorities in Florida have warned residents about robocall scams selling auto warranties and asking consumers to pay with various methods, including cryptocurrencies. In the Florida consumer newsletter issued by the Florida Department of Agriculture and Consumer Services, the government stated that it had ordered phone companies to stop carrying traffic for a known robocall scam. The robocall scam identified …

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U.S. congressman says Bitcoin has ‘no societal value’, only suitable for tax evasion

U.S. congressman says Bitcoin has ‘no societal value’, only suitable for tax evasion

United States congressman from Califonia Brad Sherman has once again slammed Bitcoin (BTC), stating that the flagship cryptocurrency has ‘no societal value,’ citing the lack of an intrinsic value and ability to facilitate crime. Speaking during an interview with CNBC on September 10, Sherman dismissed Bitcoin’s potential of becoming a future currency, stating that it only has an advantage over the …

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