Month: June 2022

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
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The full-stack Bitcoin (BTC) mining software and services provider Luxor Technology is introducing a marketplace for miners where users may buy hosting services for their mining equipment. When purchasing bitcoin mining computers through Luxor’s brokerage service, which was introduced earlier this year, miners will be able to compare hosting options. By connecting miners that require
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According to research released by Bank of America (BAC) on Tuesday, following its Web3 & Digital Assets Day Conference last week, investor interest in the industry has not been affected by worries of a so-called “crypto winter.” According to the report, discussions with some of the 160 clients who attended the event made it evident
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The recent downturn in the broader crypto landscape has highlighted several flaws inherent with proof-of-stake (PoS) networks and Web3 protocols. Mechanisms such as bonding/unbonding and lock-up periods were architecturally built into many PoS networks and liquidity pools with the intent of mitigating a total bank run and promoting decentralization. Yet, the inability to quickly withdraw
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The TON Foundation, an organization developing the Telegram-initiated blockchain project, the TON blockchain, on Tuesday officially announced that TON miners have mined the final toncoin. “Tens of thousands of miners have mined the entire issuance of toncoins, which was about 5 billion tokens,” TON Foundation founding member and core developer Anatoly Makosov said in a
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Bitcoin (BTC) played wait-and-see with traders on June 28 as Wall Street opened to flat performance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bollinger eyes “logical place” for Bitcoin bottom Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $21,000 on Bitstamp, refusing to commit to a firm trend. The pair nonetheless avoided fresh signs
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In preparation for a sharp market decline, cryptocurrency exchange Banxa (BNXA) has slashed over 70 workers, according to a Monday article in the Australian Financial Review. According to AFR, the change represents 30% of the workers of the Melbourne-based business. When the cryptocurrency market reached all-time highs last year, the company’s personnel count soared to
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Digital asset investment products saw record outflows totaling $423 million last week, with institutional investors from Canada representing nearly all of the carnage. According to the latest edition of CoinShares’ weekly “Digital Asset Fund Flows” report, Canadian investors offloaded a whopping $487.5 worth of digital asset products between June 20 and June 24. The total
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As the Chinese government continues to celebrate the decline of the cryptocurrency market, a top Chinese blockchain expert has called crypto a Ponzi scheme. The CEO of Red Date Technology, one of the leading tech firms in developing China’s major blockchain project, Yifan He, recently wrote an article where he explained the Ponzi-like nature of
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