Author: admin-crypto

First Mover Asia: Bitcoin Rally Stalls After US Central Bank Chair’s Comments; Ether Rises By Muyao Shen | Damanick Dantes The largest cryptocurrency by market capitalization saw three consecutive days of healthy gains end after Jerome Powell signaled that the U.S. Federal Reserve might accelerate the ending of its easy-money policies; ether approaches $4,800 before falling back. Market moves: Bitcoin dropped on U.S. Fed Chair Powell’s comment, while ether gained more market share. Technician’s take: Support levels remain intact, which could establish a tight trading range between $55,000-$60,000 BTC into the Asian trading day. Prices Bitcoin (BTC): $57,157 -1.3% Ether (ETH): $4,642…

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A Crypto Called ‘Omicron’ Surged 900 Percent. Of Course It Did By Mark Gongloff A crypto thing called Omicron has soared more than 900 per cent since Saturday because there is now also a COVID variant called omicron. That’s it. That’s the reason. Omicron the COVID variant has roiled global markets because of fear that its many mutations could help it evade immunity defences, although there is also hope it may cause milder disease. Omicron the Crypto Thing is, in the words of CoinTelegraph, “a recently introduced decentralised reserve currency protocol that runs on the Ethereum layer-two network Arbitrum. Its…

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Bitcoin 2.0 (XBTC2) Is Now Listed on Azbit By London Times Listing Alert: XBTC2 Azbit has added support for Bitcoin 2.0 (XBTC2), a new cryptocurrency/company looking to innovate the global payment system. Deposits, trading, and withdrawals are open now, visit https://azbit.com/exchange/XBTC2_USDT Bitcoin 2.0 team brought together the best technologies and ideas of the cryptocurrency world: “If Bitcoin had started all over again, it would most likely be using the superior Ethereum blockchain platform. Bitcoin 2.0 is a new сryptocurrency similar to Bitcoin, yet is backed by a much more advanced blockchain technology platform (Bitcoin’s average block time is about 10…

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Crypto Billionaire Sam Bankman-Fried Says Solana Is Better Than Ethereum As It’s One of the Few Networks Able To Handle Mass Adoption By Camomile Shumba FTX’s Sam Bankman-Fried said solana was one of the few blockchains with a roadmap to scale million of transactions. Not a lot of other blockchains including ethereum are focused on scale he said at the Yahoo Finance conference Tuesday. Bitcoin sometimes comes under fire for not being able to accommodate many real-use cases. Sam Bankman-Fried, the 29-year old that heads up the FTX exchange, believes solana is better than ethereum as it’s one of the…

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Meta vs. the Metaverse: The Difference Between Facebook and Crypto’s View of the Metaverse By Staff Reporter When Facebook rebranded itself as Meta Platforms, it in fact signaled its adoption of the metaverse, which is essentially an immersive digital environment where people may do all sorts of things such as play different games, work, take part in e-commerce, and socialize. Facebook isn’t the first organization to try to enter the so-called metaverse, and it won’t be the last either. Nonetheless, its recent decision has created a lot of support for the notion of a metaverse, which has been in the…

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Square’s Dorsey Backs Bitcoin Over Alternatives By Jonathan Shapiro Jack Dorsey says Square is dedicated to making bitcoin “the native currency of the internet”, and the company he co-founded has no intention to expand its offerings to other cryptocurrencies. The day after Square’s shareholders approved the plan to acquire Afterpay, Mr Dorsey told analysts he was working on several initiatives that were all tied to bitcoin, such as hardware wallets to store bitcoin, and functions to allow consumers to mine for bitcoin. “We believe this focus is important. We believe it’s right. And a lot of it has to do…

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Coinbase’s Q3 Crypto Trading Volumes To Be Key for Investors, Analysts Say By Michael Bellusci The largest U.S. cryptocurrency exchange has said investors should expect lower trading volume in the third quarter, given the decline in crypto prices during that period. Coinbase Global Inc.’s (COIN) trading volumes and revenue will likely be the focus of investor attention as the cryptocurrency exchange gets set to report third quarter financial results Tuesday after the market close. “Coinbase’s platform trading volumes are a key metric given the majority of company revenue comes from retail and institutional trading fees,” John Todaro, a research analyst at…

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House Sends Infrastructure Bill With Crypto Tax Provision to US President By Nikhilesh De The vote passed with bipartisan support on Friday night. The U.S. House of Representatives voted to pass a bipartisan infrastructure bill that contains a controversial cryptocurrency tax reporting requirement. The House voted in favor of the bill with at least 218 ayes late Friday night, fulfilling a key priority for the Biden administration amid controversy over whether an accompanying Democrat-led bill would also move forward. The Senate originally passed the bill in August after lawmakers shot down any attempts at amending the crypto provision. The bill now…

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MicroStrategy Adds Almost 9,000 Bitcoins to Its Holdings in Third Quarter By Michael Bellusci The company’s bitcoin holdings are worth just over $7 billion, while its entire market capitalization is roughly $7.4 billion. MicroStrategy (Nasdaq: MSTR), the business-intelligence software company that holds so much bitcoin on its balance sheet that it’s become something of a proxy for the world’s biggest cryptocurrency, said it added almost 9,000 bitcoins to its holdings in the the third quarter, bringing its total to 114,042. The company said it purchased the bitcoin by “successfully raising capital in the quarter through our at-the-market equity offering.” At current…

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Paediatric Nurse Turns Crypto Trading Hobby Into Main Job, Now Has Seven-Figure Income By London Times A 31-year-old paediatric nurse who used to trade cryptocurrencies during lunch breaks has reportedly quit this job to become a full-time day trader with a seven-figure income. Dorgan, who is from Omaha, Nebraska, originally told his story to Bloomberg Businessweek for an article titled “These Out-of-Work Americans Tell Us Job Market Turmoil Is Anything But Transitory” that was published on October 14. Per this article, Dorgan started trading crypto in 2017 during his work breaks. Dorgan told Insider via Facebook that after seeing a…

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