How to Plot and Replot Chia – Full Chia Plotting Guide
This article is a continuation to my Chia plotting & farming guide. If you haven’t already, check out part 2…
Crypto Currencies Investing, Mining, Trading News & Updates
This article is a continuation to my Chia plotting & farming guide. If you haven’t already, check out part 2…
It seems that Artificial Intelligence (AI) is the hot topic all over the place now with ChatGPT by OpenAI being…
The following is an update from Ethereum Foundation Fellow Marcus AM. Hola ?, my name is Marcus and I’m a…
Summary: The Luna Foundation Guard has bought an additional 37,863 Bitcoin worth $1.5 billion The purchase is in line with…
A guide to the projects and companies working to make web3 development as easy as web2 Around the Block, from…
With The Merge now firmly behind us, protocol developers have been making progress across a (record?) number of areas over…
As we’ve seen the number of DeFi users stagnate, and its total value locked decline, it is clear that widespread…
Craig Wright. Source: a video screenshot, Youtube, CoinGeek Craig Wright, the Australian computer scientist and self-proclaimed Satoshi Nakamoto, has had…
In a CoinDesk exclusive, the co-founder of Yuga Labs, Wylie Aronow, shares a frank letter touching on his recent diagnosis…
If I am in a workspace in a virtual world and I want to get to another experience, why would…
Startup brings blockchain to Ukrainian refugees, lands US$2.4 … University of Toronto Source link
Facebook Libra and Calibra wallet that goes with it have undoubtedly faced more opposition and controversy than any other stable coin and that too before it is even launched. From the United States government to international banking organizations and the G-7 countries have mostly been critical of the stable coin being launched by Facebook Inc, […]
As per a report by Forbes, security researchers have warned that the bitcoin blockchain is under an attack by a new strain of the Glupteba malware which is capable of using the bitcoin network to resist attacks itself. Glupteba Exploits Security Vulnerability To Shield Itself from Attacks According to TrendMicro’s latest blog which details the […]
Sometimes it takes an artist fascinated by tech systems to reveal how capital structure affects everything.
“I disagree with your view on bitcoin on 10 very intelligent levels.”
Over the past week, Bitcoin (BTC) has managed to embark on a strong recovery, gaining some 10{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940} after a brutal drawdown to $9,300. Despite this, one indicator says that the cryptocurrency is still well overvalued, potentially by upwards of 35{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940}. But does that mean Bitcoin is going to fall to its “fair value”? No, unlikely not. Here’s why Bitcoin Price Above “Fair Value” Due to the fact that Bitcoin doesn’t generate cash flow, provide dividends, have a fixed yield, or abide by any other traditional instrument’s premise, investors have long struggled to fairly value the cryptocurrency. Related Reading: Inverse Bitcoin Price to Yuan Correlation Sets a New Record The best idea so far has been to give Bitcoin a “fair value” …
Bitcoin and the aggregated crypto market incurred a sudden influx of buying pressure late-yesterday that allowed most major cryptocurrencies to post some decent gains, although these were largely erased overnight as BTC dropped back down towards $10,400. Bitcoin’s consistent ability to post strong bounces with each visit into the $9,000 region certainly provides some justification for a bullish outlook on the cryptocurrency, but one analyst is now pointing to the existence of a large falling wedge, which may mean that BTC will drop as low as $7,400 before positing a sustainable rally. Bitcoin Fails to Rally Overnight At the time of writing, Bitcoin is trading up nominally at its current price of $10,440, which marks a slight rise from its 24-hour lows of below $10,400, but …
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Christine Lagarde, who has been nominated by European governments to replace sitting European Central Bank President Mario Draghi, appears kinder to the burgeoning cryptocurrency industry than her predecessor. In a statement issued to the Economic and Monetary Affairs Committee of the European Parliament, the former managing director of the International Monetary Fund laid out her guiding philosophy and game plan for how she will govern if her nomination is ratified. A Crypto-Friendly Statement In the speech, the EU Central Bank’s nominee briefly touched on the topic of innovative technologies, including cryptocurrency. And her touch was gentler than most. “In this environment, central banks and supervisors need to ensure the safety of the financial sector, but also to be open to the opportunities provided by change,” …