Bitcoin mining revenue jumps up 50% to $23M in one month
As Bitcoin remains well-positioned for a steady recovery, the mining industry witnessed a 50% growth in revenue in terms of US dollars. Go to Source Powered by WPeMatico
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Bitcoin price stays near $23K as data shows hodlers not selling BTC
Seasoned Bitcoin market participants are anything but willing to take profit, even with the BTC price up 40% in January. Go to Source Powered by WPeMatico
Will Bitcoin price crack $22K? Dollar weakness, Bank of Japan easing boost hopes
No change in central bank policy from Japan causes ruffled feathers on forex markets, but Bitcoin remains tied to a trading zone near two-month highs. Go to Source Powered by WPeMatico
Report: Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate Regime
The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange rate regime. According to the International Monetary Fund, the monetary authorities in Egypt have … Read more
Ethereum’s Dominance on the Rise: Market Share Increases by 3% Among Global Crypto Assets
Since Dec. 31, 2022, ethereum’s market dominance has increased by more than 3% among the thousands of crypto assets worldwide, valued at roughly $856 billion on Jan. 11, 2023. According to coinmarketcap.com, a popular coin market capitalization aggregation site, ethereum’s crypto market dominance jumped from 18.4% to its current 19% dominance rating. Ethereum’s Market Share … Read more
Binance pushes back against report stablecoin isn’t fully backed
The crypto exchange said there was a “timing mismatch in backing Binance-Peg BUSD with BUSD” seemingly showing data in which the stablecoin was not fully backed at times. Go to Source Powered by WPeMatico
Venezuelan Banking Watchdog to Oversee Crypto Transactions to Preserve Currency Stability
Sudeban, the Venezuelan banking watchdog, is currently working on a mechanism to review crypto-related transactions in real-time to control the influence these have on the stability of the exchange market. Analysts have recently linked the situation in peer-to-peer (P2P) crypto markets to the recent drop in the value of the bolivar. Venezuelan Government to Monitor … Read more
Dollar Loses to Digital Currencies in 2023, Former Russian President Medvedev Says
Digital fiat currencies will spread next year while the U.S. dollar will be losing its status of global reserve currency, according to Russia’s former head of state. In a string of tweets, Dmitry Medvedev gave his two cents on what the future holds for the world, a “humble contribution,” as he put it, to the … Read more
Bitcoin price fails to retake $17K with market ‘not prepared’ for dip
Bitcoin remains stable, but that will not last long, BTC price analysis agrees. Go to Source Powered by WPeMatico
Waves founder announces new stablecoin as USDN depegs
Days after USDN lost its peg with USD, Waves CEO and founder Sasha Ivanov promised that his new stablecoin will be “undepeggable.” Go to Source Powered by WPeMatico