Crypto Team Build
Proof-of-Stake Would Kill Bitcoin (And Maybe That’s the Idea)
Cryptocurrency Proof-of-Stake and Bitcoin: BTC should not abandon its tried-and-true consensus mechanism for one that has not had 14 years of battle testing, says Rick Delaney, Senior Crypto Analyst @OKX. It’s been a couple of months since Ripple and Greenpeace, and a handful of other environmental organizations, showed they have no clue why Bitcoin is special. Announced in March 2022, the “Change the code, not the climate” campaign attempts to pressure influential Bitcoiners into supporting a switch from the energy-intensive and proven proof-of-work consensus mechanism to the still-experimental proof-of-stake. To justify its existence, the campaign leans heavily on Ethereum’s ongoing […]
Craig S. Wright Awarded £1 Damages in “False” Bitcoin Libel Case
A high court judge has concluded that Peter McCormack “caused serious harm” to Craig S. Wright’s reputation after he questioned Wright’s claims that he created Bitcoin. Key Takeaways A high court judge has ruled in favor of self-proclaimed Bitcoin creator Craig S. Wright in his libel case against Peter McCormack, ordering McCormack to pay £1 in damages for causing “serious harm” to Wright’s reputation. Wright took McCormack to court after he published content online describing Wright as a “fraud” and a “liar.” The judge ordered McCormack to pay a nominal sum of £1 after concluding that Wright had presented “a […]
Altcoins Polygon(MATIC), Ethereum (ETH) & Ethereum Classic(ETC) Price May Explode in Coming Week!
Cryptocurrency Bitcoin and major altcoins witnessed a notable upswing in the past couple of days. Despite the current pullback, the asset maintains a decent strength and displays a tendency to regain bullish momentum. The bearish cartel is attempting very hard to restrict the rally but the assets appear to be poised to keep up the upward trajectory. Altcoins like Ethereum (ETH), Polygon (MATIC) and Ethereum Classic(ETC) are expected to thrive in the coming days. Ethereum (ETH) Price Ethereum price in the past couple of hours is strongly consolidating along the upper resistance levels including a couple of pullbacks and recovery. […]
The Global Market To Enter Recession? How Will Bitcoin Perform?
After the US GDP was released on July 28th, it was learnt that the GDP had fallen around -0.9%. Yet, the US officials had claimed that there is no recession. Meanwhile, BCA Reserache’s Chief Global Strategist, Peter Berezin has disclosed a few recession proof assets where he is of the opinion that this will help investors tackle the recession period. Peter Berezin is not a big fan of Bitcoin or crypto on the whole and feels they are of no use. Berezin claims that consumer staples and healthcare are one that investors should consider for investment in order to safeguard […]
Bitcoin’s Current Price Pattern Is Dangerous, This Is How You Can Overcome, Claims Analyst
Bitcoin The world’s first cryptocurrency, Bitcoin has now reclaimed $23,000 level and is strongly headed towards $24,000 price level. All this comes while the US enters the recession stage with its GDP dropping at -0.9%. However, a popular crypto analyst believes that bitcoin org bitcoin org Event OrganiserTechnology Followers : 0 View profile is about to form a pattern that will leave the crypto space with a negative impact. The analyst who is anonymously known as Inmortal informs his 174,000 Twitter fanbase that Bitcoin had recently established a consolidation pattern which was followed by present surge and then a decline in […]
Kraken Daily Market Report for July 28 2022
Cryptocurrency Cryptocurrency Overview Daily spot trading volume: $848.4 million, 30 day average spot: $572.5 million. Total futures notional: $224.7 million. The top five traded coins were, respectively, Ethereum (↑5.4%), Tether (↓0.02%), Bitcoin (↑3.9%), USD Coin (↑0.0%), Solana (↑6.9%). Strong returns from Livepeer (↑37%), Yearn Finance (↑29%), and Ethereum Classic (↑24%). July 28, 2022 $848.4M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD ETH $1725.49 ↑5.4% $221.7M USDT $1.00 ↓0.02% $220.0M BTC $23858.70 ↑3.9% $211.7M USDC $1.00 ↑0.0% $62.6M…
Bitcoin Miners’ Balance Hits 4-Year High: Glassnode
Bitcoin miners’ balance has reached a four-year high. According to Glassnode’s latest data, the figures have surpassed 1,845,303 BTC. Bitcoin Miners Hodling Again From the great Chinese migration in 2021 to the ongoing bear market, the miners of the BTC network went through many challenges, including a shift in profitability. However, it appears that they are “hodling” again. The trajectory for the total supply held in miner addresses has been consistently upwards since the beginning of the year despite minor setbacks along the way, as per the data. 📈 #Bitcoin $BTC Miners’ Balance just reached a 4-year high of 1,845,303.361 […]
