Global Chip Shortages Disrupt Bitcoin Mining Rig Production: China’s Dominant Position as Hash Rate Leader Under Threat
Jan24

Global Chip Shortages Disrupt Bitcoin Mining Rig Production: China’s Dominant Position as Hash Rate Leader Under Threat

The ongoing global shortage of chips that are used in the production of bitcoin mining rigs is now causing manufacturing disruptions. According to one report, these disruptions are causing a shortage of rigs on the market and subsequent price increases. Already, the report suggests that the prices of new mining rigs have doubled while second-hand machines saw their prices go up by more than 50% in the past year. Chipmakers Shunning...

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Hat-trick hero: Empty stadiums get blockchain and soccer to play together
Jan24

Hat-trick hero: Empty stadiums get blockchain and soccer to play together

Soccer clubs are now resorting to blockchain and crypto for fan engagement, tokenization and even new signings, with the potential for many more use cases. In a first for professional soccer, Spanish team DUX Internacional de Madrid has used crypto to buy a new player. Ex-Real Madrid player David Barral is a new acquisition for the club facilitated by the cryptocurrency trading company Criptan. Although technically this is not the...

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It’s time for Hollywood to move to blockchain. Yes, you read that right
Jan24

It’s time for Hollywood to move to blockchain. Yes, you read that right

With inspiration from past decentralized success, other industries are following suit — and the film industry should be next. The greatest empires over the course of history have come and gone — the Romans, Greeks, Babylonians, Mongols, Persians, Egyptians, Ottomans and, most recently, the British. Much in the same way that history has recycled the powers of the world, so do cultural and economic institutions around us fall to the...

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The impact of Bitcoin hacking incidents in the crypto market
Jan24

The impact of Bitcoin hacking incidents in the crypto market

Studying the question of how Bitcoin hacking incidents affect the uncertainty in the overall crypto market. In the 2013–2017 period, 29 hacks occurred in the Bitcoin market where a total of 1.1 million Bitcoin were stolen. Noting that the average price for Bitcoin (BTC) in December 2020 exceeded $20,000, the corresponding monetary equivalent of losses is more than $22 billion, which strongly highlights the societal impact of this...

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ETH/USD Again Tests 1350:  Sally Ho’s Technical Analysis 24 January 2021 ETH
Jan24

ETH/USD Again Tests 1350: Sally Ho’s Technical Analysis 24 January 2021 ETH

Ethereum (ETH/USD) rallied early in today’s North American session as the pair appreciated to the 1350 area after trading as low as the 1221.66 area during the Asian session, with the intraday low representing a test of a previous technical support level, and the intraday high representing a test of a previous technical resistance level.   Chartists note the intraday high also represented a test of the 76.4% retracement of the...

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Why one Bitcoin on-chain analyst is short-term bearish on BTC price, for now
Jan24

Why one Bitcoin on-chain analyst is short-term bearish on BTC price, for now

Several prominent on-chain analysts and traders have turned short-term neutral to slightly bearish on Bitcoin as BTC struggles to reclaim $33,000. Ki Young Ju, the CEO at CryptoQuant and an on-chain analyst, says Bitcoin (BTC) is neutral to short-term bearish for the time being. There are two major indicators that have been useful in spotting trend reversals in the ongoing bull cycle. First, whenever the Coinbase premium appeared,...

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Short-Term Technicals Dominating BTC/USD:  Sally Ho’s Technical Analysis 24 January 2021 BTC
Jan24

Short-Term Technicals Dominating BTC/USD: Sally Ho’s Technical Analysis 24 January 2021 BTC

Bitcoin (BTC/USD) came off early in today’s North American session as the pair weakened to the 32278.73 area after trading as high as the 33086.53 area during the Asian session, a level reached after buying pressure tested the 78.6% retracement of the recent depreciating range from 33488.79 to 31432.19.  The pullback during the North American session saw traders test the 38.2% retracement of the depreciating range from 34989.68 to...

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Beijing and Shanghai Officially Joins The Digital Yuan Project
Jan24

Beijing and Shanghai Officially Joins The Digital Yuan Project

As per Global Times, the two largest cities in China – Beijing and Shanghai – will be joining the Digital Yuan project. The capital city’s mayor said that they would be hastening the development of “demonstration zones” for fintech and professional services over 2021. This effort will include promoting a pilot application for the Chinese CBDC, officially called Digital Currency Electronic Payment (DCEP). Shanghai’s mayor...

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Retail traders, not hotshots like MicroStrategy, made Bitcoin in 2020
Jan24

Retail traders, not hotshots like MicroStrategy, made Bitcoin in 2020

Without the global retail trader base, the Bitcoin market would not be what it is today: The investment champion of 2020. The twists and turns of 2020 made it arguably the best year on record to be a trader, especially if you were involved in cryptocurrencies. May’s third Bitcoin halving, coupled with the euphoric market volatility that swept global markets, made 2020 a year of gains and opportunities for crypto traders. By November,...

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Nasdaq-Listed Crypto Firm Sued, Accused of Defrauding Investors With Fake Bitcoin Mining Business
Jan24

Nasdaq-Listed Crypto Firm Sued, Accused of Defrauding Investors With Fake Bitcoin Mining Business

A class-action lawsuit has been filed against a Nasdaq-listed bitcoin mining company. The suit cites a report claiming that the business is “completely fraudulent,” with nonexistent bitcoin mining operations. Lawsuit Alleges Crypto Firm’s Bitcoin Mining Business Is ‘Completely Fraudulent’ A class-action lawsuit was filed on Wednesday in the Southern District Court of New York against Bit Digital Inc., its CEO Min Hu, and CFO Erke...

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Is Bitcoin a waste of energy? Pros and cons about Bitcoin mining
Jan24

Is Bitcoin a waste of energy? Pros and cons about Bitcoin mining

Do the benefits brought by Bitcoin and the improvement in our standard of living justify this additional use of energy? Bitcoin arouses passion, curiosity and has received more and more media attention, especially after having climbed the ranks of the best financial asset of the decade. However, whenever its price goes up, many doubts and questions arise, mainly around its origin and the energy expenditure by miners. The Bitcoin...

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The DeFi Powerhouse That Keeps on Growing
Jan24

The DeFi Powerhouse That Keeps on Growing

ZENTEREST was recently added to MANTRA DAO’s rapidly expanding suite of DeFi protocols We have seen decentralized finance grow exponentially in recent months and the TVL (total value locked) in DeFi protocols now stands at a jaw-dropping $24 billion. Amongst the projects that have contributed to the sector’s explosive growth in recent months is MANTRA DAO, a community-governed and decentralized DeFi platform that offers its users a...

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Cyberpunk 2077’s dystopian future can be avoided with blockchain tech
Jan24

Cyberpunk 2077’s dystopian future can be avoided with blockchain tech

The rising influence of Big Tech may make Cyberpunk 2077’s future our reality, but there is a chance to fight it with blockchain technology. The long-awaited video game Cyberpunk 2077 came out as an unfinished product with a bunch of technical flaws, but that doesn’t stop it from being one of the most important cultural phenomenons of recent years. And while some gamers are asking for refunds and the developers are hurriedly working...

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Indian Crypto Exchange Buyucoin Hacked, Sensitive Data of 325K Users Reportedly Leaked
Jan24

Indian Crypto Exchange Buyucoin Hacked, Sensitive Data of 325K Users Reportedly Leaked

Indian cryptocurrency exchange Buyucoin has reportedly been hacked and sensitive data of about 325,000 users has reportedly been leaked onto the dark web. According to reports, the leaked data includes personal information, encrypted passwords, user wallet details, order details, bank details, PAN numbers, passport numbers, and deposit histories. Indian Cryptocurrency Exchange Hacked Buyucoin, a Delhi NCR-based cryptocurrency...

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Ethereum Starts Fresh Increase, Why ETH Could Surge To $1,500
Jan24

Ethereum Starts Fresh Increase, Why ETH Could Surge To $1,500

Ethereum started a fresh increase above $1,300 against the US Dollar. ETH price is showing positive signs and it is likely to continue higher towards $1,400 and $1,500. ETH price is gaining bullish momentum above the $1,250 resistance level against the US Dollar. The price is likely to face hurdles near $1,380, but it is well above the 100 simple moving average (4-hours). There was a break above a major bearish trend line with...

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