Author: cryptotechbro
What We’re Reading: Bitcoin: A Global Liquidity Barometer I have been intrigued by the significant increase in global liquidity during 2024, driven by extensive money printing and debt expansion, and how it impacts Bitcoin’s price. Bitcoin is an expression against the government’s monetary expansionist policies, so its price follows global liquidity, as seen here on this chart.It was fascinating to read the recent report by Lyn Alden and Sam Callahan analyzing Bitcoin’s correlation to global liquidity. This further reconfirmed my view that more monetary expansion drives more people to Bitcoin, increasing prices. Their rigorous analysis found that over 12-month periods, Bitcoin’s price moves…
This article explores cloud mining, with a focus on BitconeMine as the leading platform to help you start earning $700 or more per day. In the fast-paced world of cryptocurrency, simplicity and profitability are key. For beginners seeking an attractive option to earn a steady income with minimal effort, cloud mining offers an attractive alternative. BitconeMine provides users with a one-click convenient cloud mining platform that utilizes AI core technology that incorporates GPU systems and renewable energy. Allowing you to earn up to $1730 per day. Cloud mining has long been trusted by cryptocurrency enthusiasts because it is easy to…
Bitcoin is now trading at a crucial level following a 5% dip from its recent local highs of around $66,500. The entire crypto market is experiencing volatility, yet investors remain optimistic about the months ahead. The Federal Reserve’s decision to cut interest rates has significantly boosted market sentiment, fueling expectations for a strong recovery. Key data from CryptoQuant reveals that the average BTC investor has seen impressive returns this year, further bolstering the positive outlook. Despite the recent pullback, many investors believe that Bitcoin’s long-term trend remains bullish, with some expecting a potential surge in the coming weeks. As the…
Several companies could enter the stablecoin market in the near future. BitGo has already confirmed its token. Crypto custodian BitGo unveiled a new stablecoin on September 19, joining several other dollar-pegged tokens currently on the market. The company said that its stablecoin, called USD Standard, will be available starting in January 2025 under the ticker USDS. The stablecoin will have 1:1 backing with the U.S. dollar through short-duration T-bills, overnight repos, and cash, which will guarantee high liquidity and low risk. BitGo will have leading accounting firms perform audits on a monthly basis and will publish real-time proof-of-reserves for transparency.…
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved…
Gemini’s exit came just a few days after the Canadian Securities Administrators released an update to crypto trading firms about stablecoins.
Follow Aaron on Nostr or X. It’s difficult to find a more fundamental threat to Bitcoin’s continued existence than mining centralization. If —say— there are only a few mining pools, there is a very real possibility that these organizations face regulatory pressure of the kind that exchanges have also had to deal with: they could be forced to only include KYC’ed transactions into blocks. Since censorship resistance is arguably its core value proposition, I seriously doubt that Bitcoin would, in this scenario, have much long-term viability at all.To that end, it was great to see Ocean launch DATUM (Decentralized Alternative…
UK water company Severn Trent Water and Sensat have partnered to use digital twins to improve project planning of water projects conducted by Severn Trent Water. Sensat will supply the digital twin infrastructure software aiding undertakings like the water company’s Ilkeston Flood Alleviation Scheme. The software platform will provide insights into flood risk and underground utilities, creating a virtualized digital twin of complex data gathered during projects. It will also assist in mitigating any possible risks, ensuring that the right and most effective decisions can be made to improve the efficiency of water schemes and speed at which projects can…
Ethereum remains by far the largest smart contracts platform by market cap. Perched at second in the market cap leaderboard, the network hosts dapps cutting across multiple sectors. While the Metaverse, gaming, and NFT activities have since dissipated, DeFi stands, looking at the steady recovery in total value locked (TVL), according to DeFiLlama. DeFi Leads In Ethereum Gas Fees Generation The dominance of DeFi in Ethereum goes on to show smart contracts and decentralized ledgers have revolutionized finance. To confirm this position, especially looking at trends in gas fees and the primary source over the years, the managing partner of…
XRP price gained pace and was able to clear the $0.600 resistance. The price is up over 10% and is now consolidating gains near $0.6450. XRP price started a fresh increase above the $0.600 resistance zone. The price is now trading above $0.6250 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with resistance at $0.6500 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.6500 and $0.6550 resistance levels. XRP Price Settles Above $0.60 XRP price started a major increase above…