1. Macroeconomic pressure During the quarter, the US Federal Reserve carried out two aggressive interest rate hikes to battle rampant inflation. That has sparked fears of a recession in the US and other countries. It has also hit stocks, in particular high-growth technology names. The tech-heavy Nasdaq Composite is down 22.4% for the second quarter, … Read more
One of the big appeals of cryptocurrency is anonymity: Unlike current money and conventional financial transactions, crypto is very difficult to track. Not everyone thinks that’s a good thing, of course. In 2018, for instance, Bill Gates (opens in new tab) said the anonymous nature of crypto was making it more difficult for government agencies … Read more
After the downfall of the two most popular crypto assets on the Terra blockchain, the digital currencies terrausd (UST) and luna classic (LUNC) increased a great deal in value against the US dollar in recent times. During the last seven days, LUNC has risen 96.3% and the once-stable coin UST has increased 472.4% this week. … Read more
Bitcoin traded below the psychologically important $20,000 mark Thursday evening as the global cryptocurrency market cap slid 4.1% to $859.3 billion at press time. Price Performance Of Major Coins coin 24-hour 7-day price Bitcoin BTC/USD -4.2% -8.7% $19,256.84 Ethereum ETH/USD -5.75% -9.5% $1,034.93 dogecoin DOGE/USD -4.4% 2.55% $0.065 Top 24-Hour Gainers (Data via CoinMarketCap) cryptocurrency … Read more
This is an editorial opinion by Aneta Karbowiak, a contributor at Bitcoin Magazine. Bitcoin has conveyed an important message to the world since its inception. It is the message of liberation from corrupt governments and financial intermediaries. Bitcoin is free speech recorded in every block and replicated on thousands of computers distributed around the world. … Read more
This is an editorial opinion by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the Infantry before transitioning to the Finance Corps. Link to embedded Tweet. Sorry guys. Time to pack it up. Bitcoin died again. Just kidding. And for Peter Schiff, I’ll just leave the gold … Read more
One of the Onecoin co-founders, Ruja Ignatova, otherwise known as the ‘Cryptoqueen,’ has been added to the Federal Bureau of Investigation’s (FBI) Ten Most Wanted Fugitives list on Thursday. In addition to adding the Cryptoqueen to the most wanted list, the FBI is offering a reward of up to $100K for tips that lead to … Read more
Bitcoin miners in New York state faced a regulatory blow today as the state denied air permits for a gas-fired power plant used to mine Bitcoin. It’s the latest step that New York has taken to crack down on crypto mining as it tries to meet its goals on climate change. The decision was made … Read more
The cryptocurrency industry is arguably one of the fastest-growing industries in the world. With its decentralized finance (DeFi) system and blockchain technology, crypto has become an attractive career path for those interested in technology and finance. As expected of any fast-growing sector, growth has also led to a corresponding increase in demand for talented individuals … Read more
In the last article, I broke down what a spacechain is and how they work, but didn’t go into any of the things you can do with them. Ultimately, the lack of a two-way peg mechanism to severely limit the functionality it can provide for Bitcoin users. The One-Way Trip The original idea of a … Read more