Wikipedia Faces Pressure to Stop Accepting Crypto Donations on Environmental Grounds
submitted by /u/ShotBot [link] [comments]
submitted by /u/ShotBot [link] [comments]
GMO Internet Group, a Japan-based internet service provider. announced it will partner with Klaytn Foundation to explore blockchain business on Klaytn, a blockchain initiative by the Kakao Group. This latest move is a continuation of the conglomerate’s expansion in internet infrastructure, financial services, e-commerce, payments, and cryptocurrency business segments. It currently operates an online FX…
Read more
submitted by /u/stanley9528 [link] [comments]
Bitcoin has seen some relief in the past couple of days with a 4.5% profit in 24-hours. The first crypto by market cap trades at $42,947, after climbing back from the lows at around $39,000. Related Reading | TA: Bitcoin Bounces To $42K, Why BTC Could Recover To $43.5K The recent bullish price action comes at the heels of the most recent Consumer Price Index (CPI) report published in the U.S.; the metric has become one of the top issues for investors around the world. Used to measure inflation in U.S. dollars, the CPI printed a 7% for December 2021. The metric recorded a percentage below investors’ expectations and was mostly one of the reasons Bitcoin saw a quick recovery. However, it stood at a 40 year high suggesting the issue will remain a priority for financial institutions across 2022. As seen below, individual inflation data paints a different picture with many sectors reaching double digits for their year-over-year periods. This includes medical care with 37.3%, transportation with 21%, and energy with 29.3%. The whole inflation misery in one chart! US inflation of 7% is highest since 1980s. Monthly price increases come in higher than expected. Used cars, food, clothing drive price gains. (Chart via @MOstwald1) pic.twitter.com/mJOCun6UOK — Holger Zschaepitz (@Schuldensuehner) January 12, 2022 Inflation has caused the U.S. Federal Reserve and its Chairman Jerome Powell to hint at tapering and an increase in interest rates. At the moment, inflation fears have been reduced, but could soon return to justify a shift in the financial institution’s monetary policy. According to Yuya Hasegawa, analyst for bitbank: (…) if the CPI and PPI turn out to be higher than the market expects, they could rekindle inflation fear and, in turn, also justify the first-rate hike as early as this March. According to the CME’s FedWatch, almost 70% of the market participants are expecting the March rate hike, so bitcoin may be able to defend $40k in case of another sell-off, but it certainly is not the time for optimism in the short run. Bitcoin, More Blood In The Short Term? Therefore, the analyst believes $44,000 to $48,000 to operate as short-term important resistance levels. A break above the latter could push Bitcoin to the high of its current range, near $50,000, otherwise, the crypto could re-visit the lows, as it has been moving over the past weeks. Data from Material Indicators indicates very little support for Bitcoin below its current levels. Over $12 million in bid orders are stacked in the $39,000 to $40,000, with around the same amount in ask orders around the $44,000 to $45,000 area. This goes to show the uncertainty in the market, but with Bitcoin still holding on to some bullish price action. If the inflation metrics in the U.S. continue to trend to the downside or below investors’ expectations, the first crypto could resume its upside trend with more strength in the coming months. Related Reading | President Bukele Predicts BTC At $100k With Hope That More Countries Adopt It As Legal Tender Jan Wüstenfeld, analyst for CryptoQuant, wrote the following on the CPI and its potential impact on BTC’s price in the long term: (…) if it (inflation) continues coming down in the next months this would be the perfect excuse for the FED to reverse its hawkish stance, which would be bullish for Bitcoin.
I Launched my new NFT crowdfund, $Tiger, we are looking to dive into to a new world of crowdfunding for indie filmmakers. We are using Mirror DAO and its crowdfunding platform to prove that the tech of Smart contracts and NFTs have a place in funding new art from exciting new artists. Please enjoy the…
Read more
submitted by /u/Heisenberg_USA [link] [comments]
submitted by /u/Live_Confusion_3003 [link] [comments]
With the halving that occurred, does this by definition now make mining half as profitable, given that the price of $RVN has stayed relatively the same? Thanks! submitted by /u/CryptoFinderrrr [link] [comments]
So i had a shower thought a couple of days ago BTC was floating around £30k and i wanted to know your options. Would you rather own 1 BTC at £30k Stake it at around 6.5% (what you can get on the crypto and other apps) hope it goes to 100k this year and mabey…
Read more
A sense of foreboding characterizes the market even after inflation data sparks solid intraday gains for BTC/USD.