Bitcoin mining industry created over 31K jobs in the US: Report
“Bitcoin mining companies serve as important employers and taxpayers in their local communities,” the report on US Bitcoin mining read.
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BTC price levels to watch as Bitcoin dives below $17.5K post-FOMC
Bitcoin (BTC) is trending down after hitting one-month highs around the latest macroeconomic data and policy update from the United States.Having topped out at around $18,370 on Bitstamp on Dec. 14, BTC/USD is now giving back its gains, leading traders to eye where the next reversal may occur. Opinions differ — some warn that support…
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Crypto Telegram and Tweet Numbers Are Down, But There’s Hope Yet
Cryptocurrency-related tweet volume and membership figures for Telegram crypto groups have both taken a dive since 2018 — but there are promising signs that social media engagement is starting to turn around.Joshua Frank, from analytics and finance management startup The Tie, told Cointelegraph nearly all cryptocurrencies saw a reduction in related Tweet volume from January…
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Inflation winds stiffen as Bitcoin ballast on balance sheets proves its value
As corporate finance leaders prepare to set sail into the post-COVID-19 world amid inflation storm warnings, an increasing number of corporations are taking stock of their treasury reserve holdings. If the worst happens, and the dollar and other reserve currencies weaken, are they sure that all their balance-sheet cash is lashed down securely?It surely hasn’t…
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Nifty News: Collector spends $488K minting Tubby Cats, NFT vending machine
An anonymous nonfungible token (NFT) collector spent 204 Ether (ETH) worth roughly $488,800 (at the time of writing, considerably more when it occurred) on gas fees to mint 1,000 Tubby Cats NFTs.In total, the Tubby Cats enthusiast clearly had some capital to burn as they spent more than $720,000 on minting the NFTs including gas…
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Crypto exchanges see $3B Ethereum exit since ETF approvals
Only 10.6% of the total Ether supply is currently on centralized crypto exchanges, its lowest level in years.
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Belgium’s Financial Watchdog Adds 28 Sites to Crypto Scam Blacklist
Belgium’s Financial Services and Markets Authority (FSMA) has added 28 new sites to its crypto-related fraud blacklist, as it reiterates its warnings to consumers in a fresh alert posted today, September 4.The FSMA has said that despite its prior risk alerts, the agency continues to receive complaints from consumers swindled by fraudsters capitalizing on the…
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Research: Blockchain Technology to Be Standardized by 2021
Blockchain technology will most likely be standardized by 2021, according to American business and financial services company Moody's.Per the research report published on Sept. 5, these standards will probably be established in the blockchain industry by 2021 and will be positive for “future securitisations using the technology.” The company claims that this could result in…
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Bitcoin price is correcting, but what does futures data show?
Bitcoin had been underperforming most altcoins for the past two months, but that trend reversed this week when (BTC's) 20% rally pushed its market capitalization to break the $1 trillion mark on Oct. 6. That shifted investors' attention back to the leading cryptocurrency, and altcoins are currently in the red for the day. The current positive…