Category: Cryptocurrency News

“The company voluntarily curtailed its energy consumption in order to ensure that more power would be available in Texas,” said Riot CEO Jason Les.

As many areas around cryptocurrencies have grown, crypto gambling has become more popular. Now, you can choose from numerous sites offering casino games and sports betting with this digital money. Crypto casinos offer a similar game selection as FIAT casinos. Plus, you can take advantage of unique features, bonuses, and original games. There are several reasons to venture into crypto gambling sites. Stablecoins Gambling Have you invested in bitcoin a long time ago? Then, you’re probably familiar with the high price volatility of crypto markets. Gambling with cryptocurrencies? The price of assets goes up and down significantly. Plus, you won’t win every time in these games. That almost sounds like gambling squared. But there is a solution how to avoid price fluctuations. Hold crypto stablecoins instead of volatile coins. Nowadays, many crypto casinos accept USDT (Tether), USDC (USD Coin), or BUSD (Binance USD). All of these tokens are pegged to US dollar value via similar mechanisms. Usually, these are backed by established companies and USD reserves. Enjoy all the available casino games and sports betting with USD equivalents – 1:1. Your balance remains at the same value overnight, so you’re good for a calm sleep at night. Special Features and Games Are you looking to create a passive income with gambling? Acquire the casino’s native tokens and receive daily dividends. That doesn’t sound very common. But it’s possible in the crypto space with certain casinos. Online gambling can feel shady sometimes, especially when you’re on a long losing streak. How can you know that the operator doesn’t rig the outcomes in his favor? Play games with a “Provably Fair” badge to ensure everything is mathematically correct. Most in-house games (Dice, Plinko, Limbo, Crash game) provided by crypto casinos run on this protocol. Thus players can easily verify if the results are fair. Plus, the RTP (return-to-player) on these in-house games is the lowest you can get. It usually varies from 98% to 99%, much higher than slots RTPs. Besides these games, the majority of crypto casinos offer a live casino with Blackjack, Bacarrat, and Roulette tables. Bonuses It’s usual for FIAT casinos to offer large welcome bonuses. With crypto gambling sites, not so much. But that doesn’t mean crypto sites aren’t generous. Some of them also provide the first deposit bonuses, though, for the most part, the bonus program structure is different. You want to pick only a few sites as loyal players reap the most benefits. Rakeback – Get a portion of the wagered amount back. No matter if you win or lose. Cashback – Recieve a cut of your losses in daily or weekly installments. Wager Races – Finish at the top of the wagering leaderboards and squeeze generous rewards. Stake casino runs daily races with a $100K prize pool. Casinos distributed massive prices via these. Coupons – Claim daily or monthly coupons worth up to hundreds of dollars. Conclusion As you can see, crypto casinos have a lot to offer. You can build passive income by playing in casinos with dividends. Fund your players’ account with Bitcoin, Ethereum, or stablecoins and go for your first gigantic win. Be loyal to one or two sites and receive hefty rewards. And remember to sign up at trustworthy gambling sites with Provably fair games only.

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Metrika, an operational intelligence platform for blockchain and distributed ledger networks, today announced a collaboration with Hedera to provide enhanced visibility and transparency for the different applications across the company’s network ecosystem. The Hedera network ecosystem will now have access to Metrika’s blockchain and distributed ledger technology (DLT) monitoring and analytics platform, offering the community…
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Avalanche (AVAX) struggles to hold above key support that will set the tone for a rally to the $40 mark region anticipated by many. The price of Bitcoin (BTC) saw a retracement as it could not break and hold above important support that corresponds with the daily 50 exponential moving average (EMA). BTC’s unable to hold that region has led to AVAX struggles to form good support.  Avax Weekly Chart Analysis The weekly chart for Avax shows a downtrend reversal to a low of $16.3, where buyers were more willing to step into the market. The chart shows the price of Avax needs to break and close above $23.7 for it to resume its bullish movement to the $40 mark price anticipated by investors. Avax has formed strong support at the $16.3 mark area, with more buyers willing to place bids in this region. This region can be seen as a good demand zone should the price of Avax retraces back to the current price. Major resistance on the weekly chart – $23.7 Major support on the weekly chart – $15 Avax Daily Chart Analysis The daily chart for Avax price shows it is struggling to reclaim the 50 exponential moving average (EMA); this corresponds to a key resistance stopping the price of Avax from rallying higher. Avax on the daily chart has good support at around $16.3 with a triple bottom formation. A triple bottom is a bullish trend reversal formation that allows investors to accumulate more crypto assets. With the price of Avax breaking above the 50 EMA and closing above this region would be good for bulls to push this price higher. The cost of Avax is trading below the 200 EMA, which could act as the Idea resistance for Avax when there is a clear breakout above the 50 EMA. The price of Bitcoin is trying to reclaim the $24,000 region, which has proved difficult; a reclaim and close above this resistance with good volume would allow the price of Avax to rally with good buy volume. The daily chart’s volume and relative strength Index (RSI) looks good, with the RSI above the 50 mark area. Daily resistance – $24.7. Daily support – $20.5. Avax Price Analysis On The 4H Chart The price of Avax on the 4H chart shows the price has reclaimed both the 50 & 200 EMA, indicating an upward trend if all market conditions remain favorable. Avax on the 4H chart has resistance at $25.43, trying to build and break out of a bullish symmetric triangle. A break and close above the triangle would signal a good rally for Avax. The volume of Avax shows buyers are stepping into the market after a series of panic sales due to market decline. Avax has a relative strength Index above the 50 mark showing good signs of buy orders in the market. Should Avax fail to go higher in the price above $25.43, a pullback is expected to the support that corresponds with the 50 EMA. Resistance on the 4H chart – $25.42. Support on the 4H chart – $23.4.   Featured Image From Finbold, Charts From TradingView.com

Cardano (ADA) price according to CoinMarketCap registered a jump of 3.96% or $0.5148 as of this writing.   CoinMarketCap hourly chart shows how ADA trades midway slicing in between the support zone of $0.4899 and the $0.5035 resistance level. In addition, ADA’s average transaction value is now 0. As of press time, the 8th largest coin in terms of market cap is in the gray or neutral area which means the coin is neither bullish nor bearish. TradingView’s daily chart on the ADA/USD price shows that it was able to rebound successfully to $0.4885 on the daily chart. But, ADA/USD price was not able to revert to the crucial $0.50 point which shows that the bulls are slowing down. If the bulls can’t push the price to the target zone, then the coin could dangerously plunge to $0.48. ADA Transaction Value Sees Uptrend In Past 116 Days TradingView’s midterm chart on ADA/USD has breached $0.4930. However, if the bulls fail to hold on to this level, the bull run ends right here. This perspective is said to be relevant for August. Currently, ADA trades at $0.5020. Notably, there is an inconsistency in the daily time frame of 20, 50,100, and 200 because the timeframes are misaligned which could be beneficial for traders. Divergence is spotted midway between the RSI and the price of ADA which hints trend reversal. Also, the average transaction value of Cardano showed an uptrend in the last 116 days, which is having a growth spurt of around 2332.44 daily. 3,015 Smart Contracts For Cardano Since August 2 In other news, the Cardano network currently has over 3,015 smart contracts as of August 2. It was only in September 2021 that Cardano rolled out an update on adopting smart contracts to speed up and increase performance. With the Vasil Hard Fork nearing its launch, Plutus Scripts peaked at over 3,000 smart contacts. With the looming launch of Vasil Hard Fork, Charles Hoskinson, Cardano founder, refuted claims that Vasil Hard Fork can impede the functionality of smart contracts in the network. Hoskinson believes that these fake news were started by trolls whom he calls “stupid” while repeating himself that smart contracts will not be affected and will operate like usual. Further, Hoskinson gave a confirmation and assurance on August 1 that the Vasil Hard Fork launch will push through and not experience delays as it’s currently going through final tests. More so, Sygnum Bank has also announced that their clients can start staking Cardano and earn rewards from their pools. ADA total market cap at $17.25 billion on the daily chart | Source: TradingView.com Featured image from Changelly, chart from TradingView.com

Bitcoin miner revenues have been a hot topic of discussion in the last three months. It mainly follows the decline in cash flow of mining machines due to the drop in the price of BTC, and that has adversely affected the revenues of bitcoin miners, seeing them drop to yearly lows. However, as the market has recovered some of its lost value, bitcoin miners are starting to fare better in terms of revenues, which could be the plug to the recent sell-offs. Miner Revenues Grow Bitcoin daily miner revenues had dropped to the $17 million level during the lowest point. At this time, bitcoin miner revenues were dropping in double-digit percentages following the plunge in BTC’s price. It would, in turn, trigger massive sell-offs from miners as they scrambled to keep their operations going.  The miner revenues are now rebounding following the price increase. Last week, the price of BTC had grown to more than $24,000, and this increase is being reflected in miner revenues. According to data from Arcane Research, daily miner revenues had jumped 5.32% from the previous week’s $20.4 million to last week’s $21.55 million. This reversal in the declining trend has once more helped miners to become more gas flow positive, albeit by a small margin. However, the daily miner revenue would be one of the only few bitcoin metrics to be green for last week. The percentage of miner revenues made up by fees declined significantly, falling 0.68%, as fees per day declined 28.12% to $317,246 from the prior week’s $441,342. BTC retakes $23,000 | Source: BTCUSD on TradingView.com The daily transaction volumes were also down, which explains the drop in fees realized per day. Transaction volume was down 14.38% for the week, while average transaction value was down 15.66% to come out at $254,429. Will Bitcoin Miners Stop Selling? Bitcoin miners have had to offload thousands of their mined BTC to fund their operations. The months of April and June had seen bitcoin miners selling off more BTC than they had produced for the month for the first time ever. It marked the beginning of the sell-off trend for these bitcoin miners. By now, bitcoin miners have sold more than 4,000 BTC due to declining profitability. However, with the rebound in miner revenue, it is possible that there may be a slowdown in the sell-offs, particularly for public miners. One of the reasons that could put a stop to it is the increase in the value of mining stocks as BTC grows. An example is the Marathon Digital stock which is up more than 28% from its last week’s low. MARA is currently trading at $12.96 after hitting a low of $10.08 last week. Featured image from Bitcoinist, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

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Several reports detail that U.S. Federal Reserve officials are resolute on tightening monetary policy and increasing the federal funds rate until inflation in America is alleviated. Chicago Fed president Charles Evans explained on Tuesday that the central bank would likely keep up the larger than usual rate hikes until inflation is remedied. The Fed Is […]

Crypto donations platform Engiven’s page for the archdiocese includes the option to send funds anonymously using many tokens, from Ether to 0x.