Environmental sustainability key sticking point in EU MiCA bill
The European Union’s MiCA bill has had a line related to environmental sustainability added back in, which could be problematic for Bitcoin miners in the region.
The European Union’s MiCA bill has had a line related to environmental sustainability added back in, which could be problematic for Bitcoin miners in the region.
I like the world of cryptocurrency. I like the economics, the technology, the investing experience and the feeling of being part of some new emerging movement. It’s almost like a hobby of mine which I’m passionate about. And for that, I sometimes slip my thoughts to family members or friends. My experiences with this have…
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Hey all. Mined Eth a bit in college. Digging into crypto a little deeper now a little later in life. I've read a lot about the pros and cons of PoW vs PoS and I'm not looking to start a discussion on that here. What I'm curious about is mechanically HOW that migration happened. I…
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NFTs are showing the brighter side of humanity as real support transcends the boundaries of nations and reaches Ukraine through the metaverse. In light of the ongoing military conflict, people from all around the world send their donations to Ukraine via NFT sales, as artists and activists turn to them over older fundraising methods. Millions […]
The U.S. central bank is expected to raise its target fed funds rate on Wednesday for the first time since the onset of the pandemic. Analysts and economists are hyper-focused on this key event, as the Russia-Ukraine conflict continues in Europe. If the Federal Reserve decides to increase the rate by a quarter percentage point […]
The second fastest-growing city in Texas will begin exploring policy capabilities to accept Bitcoin as a payment option and integrate other Web3 applications to improve resident’s lives.
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Bitcoin is trading in a bearish zone below $39,000 against the US Dollar. BTC could accelerate lower if it continues to struggle below $39,500. Bitcoin is showing bearish signs below the $40,000 and $39,000 levels. The price is trading below $39,500 and the 100 hourly simple moving average. There is a crucial bearish trend line forming with resistance near $38,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might accelerate lower unless the bulls able to push the price above $39,550. Bitcoin Price Keeps Struggling Bitcoin price remained in a bearish zone below the $40,000 support zone. BTC attempted a recovery wave from the $38,500 zone, but the price stayed below the$39,550 resistance. Recently, the price saw a fresh decline from the $39,550 resistance zone and the 100 hourly simple moving average. There was a clear move below the $38,800 and $38,500 support levels. The decline extended below the $38,000 support zone. A low is formed near $37,625 and the price is now consolidating losses. Bitcoin is slowly moving higher and trading above the 23.6% Fib retracement level of the recent decline from the $39,499 swing high to $37,625 low. The first major resistance on the upside is near the $38,550 zone. There is also a crucial bearish trend line forming with resistance near $38,550 on the hourly chart of the BTC/USD pair. The trend line coincides with the 50% Fib retracement level of the recent decline from the $39,499 swing high to $37,625 low. Source: BTCUSD on TradingView.com If there is a clear move above the $38,550 resistance zone, the price might rise further. The next major resistance sits near the $39,550 level, above which there are chances of a steady increase. In the stated case, the price could even attempt a move above the $40,000 resistance zone. More Losses in BTC? If bitcoin fails to clear the $38,550 resistance zone, it could continue to move down. An immediate support on the downside is near the $37,800 zone. The next major support is seen near the $37,650 level. The main support sits near the $37,150 level. If there is a downside break below the $37,150 support, the price might gain bearish momentum. In the stated case, it could nosedive towards the $36,500 level or even $36,000. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $37,650, followed by $37,150. Major Resistance Levels – $38,550, $39,550 and $40,000.
Message to write: Dear EU parliament member, As counterintuitive as it might sound, proof of work network such as bitcoin is acting as a value generating load balancer in many countries, allowing renewable energy to be developed at a higher speed. As we need to become more independent from Russian gas, renewable incentives are ever…
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