Cryptocurrency news

• Crypto miners in Texas shut down operations as state experiences extreme heat wave

  11-07-2022 23:25 via cointelegraph.com
  
  ERCOT reported that wind generation in Texas was “generating significantly less," potentially leaving the state unable to meet energy demands during triple-digit temperatures.
  
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• Analysts say Bitcoin range ‘consolidation’ is most likely until a ‘macro catalyst’ emerges

  11-07-2022 23:15 via cointelegraph.com
  
  BTC on-chain metrics and technical indicators are trading near historical bottoms, but analysts say a new “macro catalyst” could prove the current range is not the bottom.
  
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• Bitcoin remains above $20k as the crypto market adds 2% to its value

  11-07-2022 22:17 via coinjournal.net
  
  The cryptocurrency market has had a positive start to the week, adding more than 2% to its value in the last 24 hours.
  The cryptocurrency market ended the previous week with a win and is starting this new week with positive performances. The total cryptocurrency market currently stands at around $920 billion, up by more than 2% in the last 24 hours.
  Bitcoin, the world’s leading cryptocurrency by market cap, has underperformed over the past 24 hours. BTC is down by less than 1% since the st
  
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• Lido DAO price moves higher as the Ethereum Merge moves a step closer to completion

  11-07-2022 22:15 via cointelegraph.com
  
  LDO price books a 45%+ monthly gain as the Ethereum network moves closer to completing its proof-of-stake upgrade.
  
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• Bitcoin Hashrate Plummets Following Crypto Winter, What Will Follow Onwards?

  11-07-2022 22:00 via newsbtc.com
  
  The crypto winter keeps spreading to all sectors of the industry, especially resulting in Bitcoin failing to climb. Besides investors losing their funds due to price crashes, companies also downsize their workforce. Some other crypto firms declared bankruptcy, and many stopped some services to fight liquidity issues.
  At a point, many miners also found it difficult to pay off their loans on mining equipment due to the price crash. According to reports, the collateral value of their mining rigs be
  
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• Chainlink’s prediction after Grayscale removed the token from its fund

  11-07-2022 21:49 via coinjournal.net
  
  Chainlink’s token LINK was recovered from the Grayscale fund
  LINK powers the decentralized oracle network
  The cryptocurrency is robust, although resistance holds it back
  Chainlink’s LINK/USD may not be among the week’s strongest tokens. With 7-day gains of around 1.18%, the price has been relatively consolidating. However, it has kept key levels intact, implying a potential price take-off in the next few days.
  LINK is the native token of a decentralized oracle network. Chainlin
  
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• Report urges central banks to work together on digital currency interoperability

  11-07-2022 21:45 via cointelegraph.com
  
  The Bank for International Settlements, International Monetary Fund and World Bank say CBDCs should be programmed in advance to avoid interoperability issues.
  
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• Decision moment for Cardano as whales add another $37 million in June

  11-07-2022 21:40 via coinjournal.net
  
  Cardano’s Vasil update went live on July 3 ahead of the mainnet launch
  Whales have been accumulating the cryptocurrency ahead of the hard fork
  ADA price remains subdued, but recent accumulation points to a potential spike
  Cardano’s ADA/USD is a cryptocurrency that investors are highly anticipating a comeback. The optimism relates to the expected mainnet hard fork, enhancing Cardano’s scalability. Initially set for June 29, Cardano developers rescheduled the date to clear critic
  
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• Swiss post office to launch crypto custody and trading services

  11-07-2022 21:26 via coinjournal.net
  
  The Swiss post office, via its banking arm PostFinance, plans to launch the crypto custody and trading services by 2024.
  The Swiss post office is looking to offer crypto custody and trading services to its customers, the company said on Monday.
  The new services will be available via Swiss post office’s banking arm PostFinance, and targets going live by 2024, according to a report published by the Swiss Info.
  Swiss post office acts on growing customer demand
  While the Swiss post office
  
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• Internet Computer ends the week as a top gainer, but how can the price move?

  11-07-2022 21:20 via coinjournal.net
  
  Internet Computer Protocol has returned 25% in a week
  Internet Computer powers smart contracts and dapps
  Technical indicators support a surge, but the crypto sentiment remains weak
  Internet Computer Protocol ICP/USD has been a top gainer in the last seven days. With a return of more than 25%, the cryptocurrency could be on its way to recovery. Bullish signs are there, although the general crypto sentiment is weak.
  Internet Computer prides itself on being an open-source blockchain network. Users
  
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• I am skeptical about blockchain’s economic aspect, says Chelsea Manning

  11-07-2022 21:10 via coinjournal.net
  
  Blockchain technology has gained adoption in various sectors of the global economy, beyond cryptocurrencies.
  <
  American activist and whistleblower Chelsea Manning has revealed that she is bullish about blockchain technology. However, she is skeptical about the economic aspect of the technology.
  She made her points known during an interview with Decrypt, stating that she has been a fan of Bitcoin for a few years now. According to Manning, her initial thought about Bitcoin is that it is an
  
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• Dogecoin prediction as most altcoins sink amid bearish pressure

  11-07-2022 21:10 via coinjournal.net
  
  Dogecoin’s DOGE is down 4% in 24 hours
  Most cryptocurrencies are falling ahead of inflation data on Wednesday
  DOGE could touch the $0.05 bottom if the current weakness persists
  Dogecoin’s DOGE/USD trades at $0.0645. The price is a drop of more than 4% in 24 hours as most cryptocurrencies fell on Monday. DOGE now risks crashing back to the $0.05 bottom if the current weak sentiment prevails.
  The price of Dogecoin has historically been fueled by social media mentions and listings. The
  
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• Price analysis 7/11: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX

  11-07-2022 21:08 via cointelegraph.com
  
  Bitcoin and select altcoins are discounted and trading close to critical support levels, but will buyers step in?
  
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• Bitcoin Bearish Signal: Leverage Ratio Is Still Very High

  11-07-2022 21:00 via newsbtc.com
  
  On-chain data shows the Bitcoin leverage ratio still has a very high value, a sign that has usually proven to be bearish for the crypto in recent months.
  Bitcoin Exchange Leverage Ratio Has Been Going Up In Recent Weeks
  As pointed out by an analyst in a CryptoQuant post, the BTC all exchanges leverage ratio is still quite high, suggesting that the crypto could still see further downtrend.
  The “leverage ratio” is an indicator that is defined as the ratio between the open interest and
  
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• REPORT: Binance allegedly continued to serve Iranian customers, despite ban and sanctions

  11-07-2022 20:45 via cointelegraph.com
  
  Iranian cryptocurrency users claim to have used global exchange Binance months after a company-imposed ban and renewed economic sanctions against the country.
  
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• The strength of crypto comes from working together, says Chainalysis CEO

  11-07-2022 20:43 via coinjournal.net
  
  The cryptocurrency market has been in a bear market since the start of the year, with most coins down by over 65%.
  Chainalysis CEO Michael Gronager has revealed in a recent interview that the strength of the crypto market comes from working together.
  Chainalysis is one of the leading security and analysis companies in the cryptocurrency space. Gronager talked about the current bear market, pointing out that the cryptocurrency space is now affected by some of the economic forces that are affectin
  
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• Taylor Made Allowing Clients to Use Cryptocurrency - BloodHorse.com

  11-07-2022 20:22 via bloodhorse.com
  Taylor Made Allowing Clients to Use Cryptocurrency  BloodHorse.com
  
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• Can Polkadot bounce back at the current $6 support?

  11-07-2022 20:22 via coinjournal.net
  
  Polkadot remains bearish with a 75% YTD loss
  DOT has consolidated around $6 support
  Market capitalization plummets from $6B
  Polkadot (DOT/USD) has been facing extensive bearish pressure lately. The token is trading at $6.74 after a 2.38% drop in the past day and a 2.72% plunge in the past week, according to CoinMarketCap. The current price was last seen in December 2021.
  The monthly price outlook shows that DOT has dropped 16.79% since trading at $8.1. Similarly, the tokens have plunged by
  
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• Voyager can't guarantee all customers will receive their crypto under proposed recovery plan

  11-07-2022 20:00 via cointelegraph.com
  
  The crypto lending firm said that the exact amount reimbursed to users will “depend on what happens in the restructuring process and the recovery of 3AC assets."
  
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• Comic-Con guru explains why storytelling is the key component for successful NFT projects

  11-07-2022 19:15 via cointelegraph.com
  
  Kumite NFT founder Gareb Shamus chats with NFT Steez about how NFT projects can engage with their respective communities through storytelling.
  
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• Cloud-based Cryptocurrency Miners Targeting GitHub Actions and Azure VMs - The Hacker News

  11-07-2022 19:13 via thehackernews.com
  
  Cloud-based Cryptocurrency Miners Targeting GitHub Actions and Azure VMs  The Hacker News
  
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• Despite 'worst bear market ever,' Bitcoin has become more resilient, Glassnode analyst says

  11-07-2022 19:00 via cointelegraph.com
  
  Though on-chain metrics point to the worst Bitcoin bear market on record, they also highlight hodlers' growing resilience.
  
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• Bitcoin risks new lows as $20K looms amid dollar euro parity

  11-07-2022 18:35 via cointelegraph.com
  
  Support is thin on the ground, analysts and traders warn, as ex-BitMEX CEO Arthur Hayes heralds the start of the fiat currency "doom loop" with USD/EUR parity.
  
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• G20 regulator to present global crypto rules in October 2022

  11-07-2022 18:30 via cointelegraph.com
  
  The FSB seems more concerned with the crypto market given its recent turmoil and the “increasing interconnectedness with the traditional financial system.”
  
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• 3 reasons why Solana can repeat Ethereum's 2018 fractal to 5,000% gains

  11-07-2022 18:23 via cointelegraph.com
  
  Solana's price can mimic Ethereum's impressive recovery after the 2018 bear market, analysts argue.
  
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• The Critical Role Of Real-World Assets In The Future Of DeFi

  11-07-2022 18:14 via newsbtc.com
  
  Crypto was born from the desire to create a better, more equitable financial system built atop of an infrastructure that’s inclusive, and accessible to anyone, no matter who they are or where they live.
  Since the introduction of Bitcoin in 2009, the cryptocurrency industry has matured far beyond its original concept as a medium of exchange, spawning countless new use cases. Decentralized finance, as these new use cases have collectively become known, refers to a range of financial services
  
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• Major South Korean telecom company plans launch of blockchain wallet for crypto and NFTs

  11-07-2022 17:45 via cointelegraph.com
  
  In 2020, the company also launched a wallet for blockchain-powered digital certificate storage aimed at addressing ​​certifications amid the COVID-19 pandemic.
  
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• Why Peter Brandt Thinks Cardano’s Price Is The Definition Of “Ugly”

  11-07-2022 17:24 via newsbtc.com
  
  Cardano (ADA) has been unable to follow through with its weekend bullish momentum. The cryptocurrency lost last week’s gains and seems poised for further losses as the crypto market trends sideways.
  Related Reading | TA: Bitcoin Price Trims Gains, Key Breakdown Support Nearby
  At the time of writing, Cardano (ADA) trades at $0.44 with a 5% loss in the last 24 hours.
  ADA’s price trends to the downside on the 4-hour chart. Source: ADAUSDT Tradingview
  The cryptocurrency is at critic
  
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• KPMG to audit new pound-backed stablecoin GBPT

  11-07-2022 17:00 via cointelegraph.com
  
  In terms of daily turnover, the British pound (GBP) is the fourth most traded fiat currency in the world, according to the Bank for International Settlements.
  
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• Ethereum Liquidations Ramp Up As Price Struggles To Hold $1,100

  11-07-2022 16:00 via newsbtc.com
  
  As the market ushers in another week of trading, the price of Ethereum has been struggling to hold above $1,100. This coveted point which it had broken last week remains an important technical level, which is why bulls continue to fight to hold it. However, with the decline of the digital asset’s price below $$1,200, its liquidations have been ramping up and in the last four hours, it had briefly surpassed bitcoin as more traders lose their positions.
  Over $30 Million Ethereum Liquidated
  E
  
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• Bitcoin of America's Customer Service is Advancing the Cryptocurrency Industry - PR Newswire

  11-07-2022 16:00 via prnewswire.com
  
  Bitcoin of America's Customer Service is Advancing the Cryptocurrency Industry  PR Newswire
  
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• AI Trading Systems Are Shaping the Future of Cryptocurrency Trading - InvestingCube

  11-07-2022 15:41 via investingcube.com
  
  AI Trading Systems Are Shaping the Future of Cryptocurrency Trading  InvestingCube
  
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• How cryptocurrency lenders can use flash loans to get out of punitive positions - The Armchair Trader

  11-07-2022 15:40 via thearmchairtrader.com
  
  How cryptocurrency lenders can use flash loans to get out of punitive positions  The Armchair Trader
  
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• Cryptocurrency Mining Equipment Market to Receive Overwhelming Hike in Revenues By 2029 – Designer Women - Designer Women

  11-07-2022 15:40 via designerwomen.co.uk
  Cryptocurrency Mining Equipment Market to Receive Overwhelming Hike in Revenues By 2029 – Designer Women  Designer Women
  
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• South Korea's tech giant SK Telecom to launch cryptocurrency wallet - Finbold - Finance in Bold

  11-07-2022 15:33 via finbold.com
  
  South Korea's tech giant SK Telecom to launch cryptocurrency wallet  Finbold - Finance in Bold
  
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• US crypto regulation bill aims to bring greater clarity to DAOs

  11-07-2022 15:19 via cointelegraph.com
  
  The Responsible Financial Innovation Act proposes a comprehensive set of regulations for the digital assets sector, and one potentially impactful section is DAOs.
  
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• Tether fortifies its reserves: Will it silence critics, mollify investors?

  11-07-2022 15:05 via cointelegraph.com
  
  USDT is under attack from short sellers. Would they go away if only the company hired a Big Four accounting firm to audit its balance sheet?
  
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• Crypto Community Remains Upbeat On XRP, Despite Bearish Market Conditions

  11-07-2022 15:02 via newsbtc.com
  
  The crypto community got a major surprise two years ago when a leading provider of crypto solutions for businesses was slapped with a lawsuit by the U.S. Securities and Exchange Commission.
  Ripple was taken to court by the SEC, which sparked what has become the most closely watched legal showdown in the cryptocurrency industry.
  The SEC’s lawsuit accusing Ripple of breaking securities laws has devolved into a lengthy legal dispute, with the future of cryptocurrency regulation potentially at
  
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• First Complete Cryptocurrency AI/ML Platform, Omnia Markets, Inc., Announces WeFunder Campaign - Benzinga

  11-07-2022 15:00 via benzinga.com
  First Complete Cryptocurrency AI/ML Platform, Omnia Markets, Inc., Announces WeFunder Campaign  Benzinga
  
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• PoS gives Ethereum the economic structure to overtake Bitcoin, says DeFi researcher

  11-07-2022 14:57 via cointelegraph.com
  
  Researcher Vivek Raman said that after the Merge, ETH inflation will be lower, security will be better and ETH will position itself as a digital bond.
  
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• Meten Holding Group Ltd. Provides Updates on its Joint Venture Cryptocurrency Mining Company - Yahoo Finance

  11-07-2022 14:30 via finance.yahoo.com
  
  Meten Holding Group Ltd. Provides Updates on its Joint Venture Cryptocurrency Mining Company  Yahoo Finance
  
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• Binance ban off the cards, says Philippine trade and industry department

  11-07-2022 14:19 via cointelegraph.com
  
  The Philippine Department of Trade and Industry waved off a Binance ban proposal, citing a lack of regulatory stance on cryptocurrencies from the central bank.
  
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• Texas cryptocurrency miner to source power from utility-scale batteries - UPI News

  11-07-2022 14:15 via upi.com
  
  Texas cryptocurrency miner to source power from utility-scale batteries  UPI News
  
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• Dutch bank ING sells digital asset tool Pyctor to GMEX

  11-07-2022 13:34 via cointelegraph.com
  
  GMEX has acquired ING’s Pyctor business to connect CeFi and Defi amid the increasing demand for hybrid finance.
  
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• NFT Projects in The Search For 'Vibe Managers' - The Coin Republic

  11-07-2022 13:20 via thecoinrepublic.com
  
  NFT Projects in The Search For 'Vibe Managers'  The Coin Republic
  
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• New cryptocurrency project of Dubai ‘Aarma Coin’ launches its NFT marketplace for digital financers - mid-day.com

  11-07-2022 13:13 via mid-day.com
  New cryptocurrency project of Dubai ‘Aarma Coin’ launches its NFT marketplace for digital financers  mid-day.com
  
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• Cryptocurrency: This Messaging App Lets You Pay With Crypto - NewsBTC

  11-07-2022 13:13 via newsbtc.com
  
  Cryptocurrency: This Messaging App Lets You Pay With Crypto  NewsBTC
  
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• Cryptocurrency: This Messaging App Lets You Pay With Crypto

  11-07-2022 13:13 via newsbtc.com
  
  Messaging apps are commonly used for online communication. However, things have progressed to the point where such apps now include a wide range of integrations. Online communication has gone beyond the mere purpose of messaging to include sharing media, contacts, and documents.
  The most recent trend is the integration of online payments. For example, Messaging applications incorporate payment systems, allowing users to transfer money with only a few clicks. Thus, although fiat payments dominate
  
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• CORRECTING and REPLACING Prometheus International Launches First of Its Kind Cryptocurrency Real Estate Project - businesswire.com

  11-07-2022 13:12 via businesswire.com
  
  CORRECTING and REPLACING Prometheus International Launches First of Its Kind Cryptocurrency Real Estate Project  businesswire.com
  
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• Revolut launches educational courses on cryptocurrency in Britain to advance financial literacy - Fintech Finance

  11-07-2022 13:01 via ffnews.com
  
  Revolut launches educational courses on cryptocurrency in Britain to advance financial literacy  Fintech Finance
  
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