To paraphrase a well-known aphorism, conversations on two topics are inevitable in the crypto market – “bitcoin is digital gold” and “miners destroy the exchange rate by selling off stocks.” Perhaps these are the most serious and dangerous misconceptions of investors, as they create a distorted picture of what is happening in the market. If
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After a slight revival in the cryptocurrency market, the clouds thickened again, and the probability of a repeat test of the local minimum increased. More agile market participants took advantage of Bitcoin’s decline below $ 20 thousand, but profitable purchases did not add confidence in the future. As a result, bearish sentiment is again prevailing
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Bitcoin has rolled back to the realized price (the average purchase price of all issued coins) $21,700 in the vicinity of which will drift until the end of the working week, when the symposium will take place in Jackson Hole. Investors will be waiting for hints from Fed Chairman Jerome Powell on Friday regarding the
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More and more signals are coming that September will be the culminating month in the long wait for the transition of Ethereum to PoS. Thus, the largest mining pool Ethermine with a combined capacity of 263 Th/s, which makes up a quarter of the entire computing power of the network, added a countdown panel for
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The market of stable coins continues to be in a fever due to the insolvency of a number of projects. Last week, the aUSD was compromised, and this week the HUSD token of the Huobi crypto exchange lost its binding to the US dollar. Against the backdrop of a tough macroeconomic environment, a drop in
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Due to the spread of a number of misconceptions, Ethereum developers have issued clarifications about the upcoming merger. The “soft” end date is September 19, and most of the improvements will appear as a result of future updates. Now miners are responsible for the decentralization and collection of transactions into blocks. Due to the growth
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Litecoin, once one of the five largest blockchains, has been subjected to new tests and pressure from South Korean cryptocurrency exchanges. In mid-May, MimbleWimble (MVEB) was updated, which increased the anonymity of transactions. For crypto exchanges, this caused difficulty in following the law on conducting financial transactions. MVEB pursues several goals at once: by
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Terra (LUNA) Project until recently, it had a capitalization of $ 40 billion, and its UST stablecoin was among the top three. Since a large team of developers worked on the project, the brand was recognizable, and the community was cohesive, the validators decided to restart Terra. However, even former investors are less and less
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It can be noted that American regulators have revived again and are ready to take control. In particular, the senators proposed to consider a large bill, where it is proposed not only to transfer the spot cryptocurrency market to the CFTC (recognizing most cryptocurrencies as commodities), but also to settle many points from accounting for
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June 13 was dubbed “bloody Monday” because of the panic in the cryptocurrency market: another stablecoin lost its peg to the US dollar, the largest crypto exchange in terms of turnover froze withdrawal to Bitcoin, and a number of projects are threatened with bankruptcy. However, the real troubles are still ahead. From the November highs,
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