Monthly Archives: May 2022

Bitcoin Utility Grows During The Bear Market

On-chain data shows that the current market cycle is unique, with more Bitcoiners transacting peer-to-peer and outside the realm of exchanges. One of the principal aspects of on-chain analysis is to examine transactions over the network. Unlike exchange-involved transactions, which often lead to price volatility, transactions outside of exchanges demonstrate the network utility as possible payments among users. It makes a positive contribution to the development of the network over the long term if users are interacting with one another. Therefore, it is essential to examine the […]

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Is Bitcoin Changing The Way The Left Thinks?

As inflation leaves young Democrats with few options for acquiring wealth, some voters are challenging party leaders’ perspective on Bitcoin. I’ve always considered myself a left-leaning progressive type… or, in my mind, someone who prides themselves on putting the needs of everyday folk over corporate interests or the wealthy few. I grew up in a coastal city with liberal parents, went to progressive schools, and can spit a Marxist critique of just about anything you throw at me. Fairly distributing wealth across classes — and narrowing the […]

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Analysts say Ethereum price must hold this key level to avoid a capitulation-level move

Traders identify key support and resistance levels that Ethereum must hold as ETH price trades at levels not seen since July 2021. The crypto market experienced another day of pain on May 12 as the fallout from the Terra’s LUNA and UST failure continues to ripple across the ecosystem. While the coverage for UST and its impact on Bitcoin (BTC) have been extensively covered over the past few days, the pullback has also had a significant impact on the price of Ether (ETH) as traders hastily exited […]

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Electrifying Live Casino Game XXXtreme Lightning Roulette in Exclusive Early Access

Play the brand new XXXtreme version of one of the most popular live casino games at Bitcoin.com Games; Lightning Roulette by Evolution! Now in Exclusive Early Access with a $ 2,000 Tournament Live casino games are a prime example of the new generation of casino games you can expect from Bitcoin.com Games. The live casino format is the closest anyone could experience going to a brick-and-mortar casino with real dealers behind the screen. Not only are the dealers well-trained in the craft of conducting live casino games, […]

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How Bitcoin Helps Solve Unemployment In Africa

Bitcoin can facilitate economic growth and progress that would have never been possible under a fiat standard. African youth make up the largest demographic of the continent and yet they suffer the most due to underrepresentation in the government. However, Bitcoin fixes this. “The idea whose time has come” has unlocked the full potential of African youth who are set to not only contribute to hyperbitcoinization directly but most importantly make ends meet for their kin while thriving, not surviving. P2P Trading Peer-to-peer bitcoin trading is one […]

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Shanghai court affirms that Bitcoin is virtual property, subject to property rights

A district court in Shanghai ruled for Bitcoin owner’s right to compensation in case involving unpaid loan and decided on Bitcoin legal status in the process. The Shanghai High People’s Court has issued a document in which it states that Bitcoin is subject to property rights laws and regulations. That finding was made in relation to a lawsuit filed in a district court in October 2020 involving the recovery of a loan of 1 Bitcoin (BTC). The lower court recognized Bitcoin as having value, scarcity and disposability, […]

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Look out below! Ethereum derivatives data hints at further downside from ETH

ETH options pricing and the top traders’ long-to-short ratio signal a lack of confidence in the $1,700 support. Ether (ETH) is down 38% in three weeks and the current $2,000 level is 59% below the $4,870 all-time high that was reached in November 2021. Additional newsflow that added to the current market wide volatility were the bankruptcy fears that emerged after Coinbase, the largest U.S. exchange reported a $430 million first-quarter 2022 loss.  In the most recent 10-Q filing Coinbase included the following disclosure: “In the event […]

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Former Meta Lead Launches Bitcoin Lightning Company, Lightspark

David Marcus, former lead of Facebook Messenger, announced the creation of Lightspark, a Lightning Network infrastructure company. David Marcus, ex-Meta executive for Facebook Messenger, has announced the creation of his new company, Lightspark. Lightspark will focus on building, exploring and creating on the Bitcoin Lightning Network. Marcus notes his passionate belief that led to this decision was the “need for change in our payments and financial systems.” David Marcus, Facebook Messenger’s former lead and previous PayPal executive, announced the creation of Lightspark, a company focused on building, […]

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Record Mining Difficulty Shows Industry Growth Despite Bitcoin Bear Market

The bears can’t keep miners down as data shows increasing hash rate — which could lead to some uncomfortable hash price realities. Bitcoin may be in a bearish market, but the mining industry is growing bigger than ever. Bitcoin mining difficulty set a new record high for the sixth time this year on Tuesday, reaching 31.25 trillion, according to mining data from Braiins. The 4.89% adjustment was the third-largest increase this year. Even though the leading cryptocurrency’s price has dropped sharply through April and May and continues […]

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US Senate confirms Jerome Powell for another four years as Fed chair

In a 80–19 vote in the Senate, U.S. lawmakers confirmed Jerome Powell as the next chair of the Federal Reserve System, where he will also serve as a board member until 2028. The United States Senate has confirmed the nomination of Jerome Powell as the chair of the board of governors of the Federal Reserve System until 2026. In an 80–19 landslide vote on the Senate floor on Thursday, U.S. lawmakers confirmed Powell as chair of the Federal Reserve, a position he held from February 2018 until […]

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