The value of the flagship cryptocurrency bitcoin (BTC) rose and again surpassed the $22,000 mark amid statements by representatives of the Federal Reserve System (Fed) to raise interest rates by 75 basis points. Analysts noted that the volatility of Bitcoin rose immediately after the announcement of the results of the meeting of the Federal Open Market...
On July 26, ARK Invest sold a total of 1.41 million Coinbase shares worth ~$75 million. The Bitcoin exchange lost 21.1% of its capitalization following the trading session. The market also reacted to information about the SEC investigation into Coinbase. Data: Bloomberg. According to the firm's daily newsletter, Ark Innovation (ARKK) cut its position by 1.13 million shares, Next Generation Internet (ARKW)...
The protracted correction in the digital market does not affect the popularity of cryptocurrencies. As the number of users grows, the algorithms of top networks become more complex. This forces miners to increase their mining power. In Asics, hashing is performed by mining chips. Thanks to such microcircuits, the power of one ASIC is equivalent to the...
British resident James Howells accidentally threw away a hard drive with 7,500 BTC in 2013 and used two Spot robots from Boston Dynamics to search. Business Insider writes about it. According to him, the devices are planned to be used to scan the ground and ensure security. They will be equipped with CCTV cameras to guard the...
As of July 5, 2022, there are 2 methods of mining cryptocurrencies - according to the Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus algorithms. Mechanisms have many differences. However, the mining of digital assets by Proof-of-Stake is becoming more popular yearly. The efficiency of the consensus algorithm explains this fact. PoS mining is the extraction of digital assets by...
The price of bitcoin has pushed up from the $20,000 level. Long-term indicators suggest that more time may be needed to form a solid foundation. Glassnode analysts warned about this. The experts substantiated their opinion with the situation with the URPD indicator, which demonstrates the structure of realized price levels in the context of UTXO . The $20,000 mark has...
Cryptocurrency exchange KuCoin has raised $10 million in strategic investment from U.S. trading company Susquehanna International Group (SIG). KuCoin is using the raised funds to prepare for the bull market by upgrading the platform infrastructure, expanding the product line, and continuing to hire employees. The company currently has 300 open vacancies. The crypto exchange plans to introduce new services...
The cryptocurrency market is preparing for an upward trend reversal in light of the growth in the money supply. This was stated in the Real Vision podcast by the former top manager of Goldman Sachs and macro investor Raul Pal. The specialist emphasized that bitcoin is more dependent on the dynamics of the money supply (M2) than halving. The latter...
Over the past week, from July 19 to July 25, 2022, the cryptocurrency market was not very volatile and gradually grew, breaking the mark of $1 trillion in the total capitalization of all virtual assets. Flagship digital currency Bitcoin (BTC) has been worth over $23,000 on some days but ended up trading below $22,000 at the...
![[Freebie] Top 3 Airdrops July 25-31, 2022: Dexvers, D/bond, Siuuu](https://webcoinmarket.com/wp-content/uploads/2022/07/crypto-airdrops-1-1140x445.webp)
Positive has reigned in the cryptocurrency market. This was facilitated by the actions of long-term investors who began the phase of massive accumulation of assets. Information also appeared that on September 19, 2022, Ethereum might switch to the Proof-of-Stake consensus algorithm. The situation in the crypto industry is changing rapidly, but airdrops always remain. Accordingly, users have the...
