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Bitcoin sees best day in over a month after ‘crypto winter’
Bitcoin Bitcoin sees best day in over a month after ‘crypto winter’ | Fortune You need to enable JavaScript to view this site. Read More
Sweden’s Priority Should be Steel Production, Not Bitcoin Mining, Energy Minister Says
Khashayar Farmanbar – Energy Minister of Sweden – believes the nation’s electricity supply should be focused on something “more useful” than bitcoin mining. Over the years, the country has made a name for itself as one of the world’s biggest steel producers, and that is where it should double down efforts, the politician added. Focus on Traditions, Not Bitcoin Amidst the energy crisis that reigns across the globe, Sweden’s Energy Minister – Khashayar Farmanbar – urged the local government to devote more electricity to sectors where the nation has leading expertise, such as steel manufacturing, rather than supporting bitcoin miners: […]
BTC Facing Huge Resistance, Rejection Can Result in $18K Retest (Bitcoin Price Analysis)
Cryptocurrency Over the past week, Bitcoin had been fluctuating around the $20k confluence zone showing no real signs of a possible rebound: low volatility, lack of demand, and choppy price action. After retesting the primary demand zone at $18K, the price temporarily rebounded toward the $22K resistance level but quickly got rejected. Cryptocurrency Technical Analysis Technical Analysis By Shayan The Daily Chart The following chart shows that BTC had formed a continuation correction pattern following the sharp decline. If the price succeeds in breaking to the bullish side, a rally becomes likely, toward the $30K – the first major resistance. […]
Swedish Energy Minister Prefers Green Steel Over Bitcoin Mining
Sweden’s Energy Minister eschews bitcoin mining in favor of a manufacturing sector employing citizens. In an interview, Energy Minister Khashayar Farmanbar said the country needs energy for more useful activities than bitcoin mining. He said that Bitcoin doesn’t even come into the argument when the manufacturing sector is considered. Sweden‘s crypto mining sector has thus far enjoyed the benefits of primarily clean hydro and wind electricity in Sweden, which may hold the greatest concentration of mining power in Europe. Under average weather conditions, the Nordic region, including sovereign states Denmark, Iceland, Norway, and Sweden, have a surplus of 30 terawatt-hours […]
Top 3 Metaverse Crypto Coins Below $22 Million Market Cap to Watch in July 2022
Cryptocurrency Cryptocurrency markets continue to trade sideways this week, with Bitcoin and Ethereum prices managing to hold support at the $20k and $1.2k levels. Metaverse Crypto coins follow suit with little activity, creating an excellent opportunity to accumulate underrated and underpriced projects to capitalize on during the next bull market. Today we look at NullTX’s pick of the top three Metaverse crypto coins with a market cap below $22 million to watch in July 2022. Note: The list below is ordered by the market capitalization of each project, lowest to highest. Cryptocurrency #3 Star Atlas (ATLAS) – $15.5 million Market […]
7 Bitcoin and Crypto Custodians Facilitating Institutional Digital Asset Adoption
Source: Adobe/Christopher Boswell Crypto custodians are one of the important pieces to the puzzle for mass institutional adoption of bitcoin (BTC) and other cryptoassets. They enable investors to store their digital assets with regulated third-party custody providers. Read on to discover a list of some of the leading crypto custody providers. What is a crypto custodian? A crypto custodian is a financial services company that stores digital assets on behalf of investors. Institutional investors are typically required to store their securities and assets with qualified custodians, which is why the introduction of crypto custody providers has been a game-changer for […]
Bitcoin cost of production sinks to $13,000, says JPMorgan
Cryptocurrency The big picture: As the crypto crash continues to leave Bitcoin prices depressed compared to their position a year ago, knock-on effects are still playing out in various areas. One of those is the production cost, and miners’ efforts to control it may be a double-edged sword for the crypto market. JPMorgan Chase & Co. reports that the cost of mining Bitcoin has fallen to around $13,000 from $24,000 since early June. Bloomberg notes that the drop is likely an effect of the crypto winter, but it’s unclear whether this could help or hinder any recovery of the cryptocurrency’s […]
This Billionaire Says Inflation Will Last ‘For Years’ And Bitcoin May Become ‘Worthless’
Thomas Peterffy, founder and CEO of Interactive Brokers listens a question after addressing the World Federation of Exchanges (WFE) annual meeting in Paris on October 11, 2010. The WFE groups leading financial markets. AFP PHOTO ERIC PIERMONT / AFP PHOTO / Eric PIERMONT (Photo credit should read ERIC PIERMONT/AFP via Getty Images) AFP via Getty Images Brokerage pioneer Thomas Peterffy spoke with Forbes about his economic outlook, and when he expects the market to bottom out. On Wednesday, the U.S. reported consumer inflation of 9.1% for the year through June. That number, a four-decade high, rattled markets as stock indices […]