BTC mining complexity fell for the first time since the beginning of 2022
Another recalculation of the complexity of mining the first cryptocurrency showed that the figure dropped for the first time since the beginning of the year - 27.55 million (T) - 1.49% as a percentage.
The bitcoin network reached its maximum capacity on February 17 at 214.7 EH/s, after which the decline began.
This indicator is highly dependent on the energy stability in the world. Typically, it falls when miners can not work properly due to lack of power. Now the issue of sustainability of mining is particularly acute, which may have partially caused this drop.
Another recalculation of the complexity of mining the first cryptocurrency showed that the figure dropped for the first time since the beginning of the year - 27.55 million (T) - 1.49% as a percentage.
The bitcoin network reached its maximum capacity on February 17 at 214.7 EH/s, after which the decline began.
This indicator is highly dependent on the energy stability in the world. Typically, it falls when miners can not work properly due to lack of power. Now the issue of sustainability of mining is particularly acute, which may have partially caused this drop.
The popularity of the NFT query has begun to decline
At the end of 2021, interest in search queries such as NFT and the Metaverse increased significantly, but now the trend is on the decline.
That's the data from Google Trends. It reveals that from the beginning of 2022, the number of such queries began to fall, and in March reached its lowest point.
The peak of popularity for them was just a regular hype. Surely an adequate reassessment of these phenomena will positively affect the further development of these segments.
At the end of 2021, interest in search queries such as NFT and the Metaverse increased significantly, but now the trend is on the decline.
That's the data from Google Trends. It reveals that from the beginning of 2022, the number of such queries began to fall, and in March reached its lowest point.
The peak of popularity for them was just a regular hype. Surely an adequate reassessment of these phenomena will positively affect the further development of these segments.
English FC Manchester City has signed a multi-year partnership agreement with cryptocurrency exchange OKX. Interestingly, the parties do not reveal the financial aspects of the deal.
As part of the partnership, the brand of the exchange will be present on the uniforms of the main men's and women's teams of the club. And also at the Etihad Stadium, the academy arena and even at cybersport events.
Advertising at such a famous club will cost OKX a tidy sum🤑
As part of the partnership, the brand of the exchange will be present on the uniforms of the main men's and women's teams of the club. And also at the Etihad Stadium, the academy arena and even at cybersport events.
Advertising at such a famous club will cost OKX a tidy sum🤑
Elon Musk's younger brother criticizes bitcoin
If CEO of Tesla Elon Musk periodically participates in popularization of digital currencies, his brother Kimbal is disposed critically to such assets.
The younger Musk believes that cryptocurrencies threaten the environment. In an interview with Input magazine, he expressed concern about the negative impact of bitcoin and other digital currencies on the environment.
Kimbal Musk also believes that bitcoin is provoking an environmental crisis. According to Kimbal Etherium 2.0 will be the network of the future if its developers manage to significantly reduce energy consumption after the update.
Nevertheless, cryptocurrencies still pose threats to the environment. Kimbal also noted that his older brother had advised him to be careful with digital currencies that exhibit volatility.
If CEO of Tesla Elon Musk periodically participates in popularization of digital currencies, his brother Kimbal is disposed critically to such assets.
The younger Musk believes that cryptocurrencies threaten the environment. In an interview with Input magazine, he expressed concern about the negative impact of bitcoin and other digital currencies on the environment.
Kimbal Musk also believes that bitcoin is provoking an environmental crisis. According to Kimbal Etherium 2.0 will be the network of the future if its developers manage to significantly reduce energy consumption after the update.
Nevertheless, cryptocurrencies still pose threats to the environment. Kimbal also noted that his older brother had advised him to be careful with digital currencies that exhibit volatility.
U.S. citizens lack awareness of cryptocurrency risks
Virtual private network service provider NordVPN has reported the results of a recent survey that focused on the risks associated with the use of digital assets.
According to the survey results, about 31% of the respondents are completely unaware that the use of digital assets is associated with a lot of risks and threats.
The study also showed that among Americans, there is a fairly large number of citizens (about 69%) who are well aware of the principles of using cryptocurrencies, or have heard some information about them. Accordingly, the remaining number of respondents, mentioned earlier, do not recognize any use of digital assets at all, doubting that virtual currencies will ever be able to replace traditional fiat money.
Virtual private network service provider NordVPN has reported the results of a recent survey that focused on the risks associated with the use of digital assets.
According to the survey results, about 31% of the respondents are completely unaware that the use of digital assets is associated with a lot of risks and threats.
The study also showed that among Americans, there is a fairly large number of citizens (about 69%) who are well aware of the principles of using cryptocurrencies, or have heard some information about them. Accordingly, the remaining number of respondents, mentioned earlier, do not recognize any use of digital assets at all, doubting that virtual currencies will ever be able to replace traditional fiat money.
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Kiyosaki: "Bitcoin is the best inflation cure."
The entrepreneur and author of the bestseller "Rich Dad Poor Dad" suggested to his fans to consider using bitcoin as a remedy for inflation.
💬"Biden wants inflation. I counter his criminal actions by investing in Texas and N. Dakota oil. Just bought a gold mine in Utah. Investing in Texas apartments, houses. Saving gold, silver, bitcoin … Invest like a capitalist," says the writer.
Robert Kiyosaki has spoken flatteringly about cryptocurrencies before, and he considers bitcoin to be "digital gold".
The entrepreneur and author of the bestseller "Rich Dad Poor Dad" suggested to his fans to consider using bitcoin as a remedy for inflation.
💬"Biden wants inflation. I counter his criminal actions by investing in Texas and N. Dakota oil. Just bought a gold mine in Utah. Investing in Texas apartments, houses. Saving gold, silver, bitcoin … Invest like a capitalist," says the writer.
Robert Kiyosaki has spoken flatteringly about cryptocurrencies before, and he considers bitcoin to be "digital gold".
Whales are buying up Terra cryptocurrency en masse
The WhaleStats team, which monitors the behavior of Etherium whales, has noticed an increase in interest from major addresses in the Terra coin. It is popular among the 5,000 whale wallets deployed on Ether.
The analyst report said that addresses controlling USDT for amounts between $10,000 and $10 million bought $1.06 billion worth of tokens in the last month, representing 2.7% of Tether's total supply.
The increased interest in stablecoin could signal the imminent resumption of growth in bitcoin and other cryptocurrencies, as investors typically buy BTC just by using tokens with fiat collateral.
The WhaleStats team, which monitors the behavior of Etherium whales, has noticed an increase in interest from major addresses in the Terra coin. It is popular among the 5,000 whale wallets deployed on Ether.
The analyst report said that addresses controlling USDT for amounts between $10,000 and $10 million bought $1.06 billion worth of tokens in the last month, representing 2.7% of Tether's total supply.
The increased interest in stablecoin could signal the imminent resumption of growth in bitcoin and other cryptocurrencies, as investors typically buy BTC just by using tokens with fiat collateral.
SEBA Bank: Crypto-regulation will create conditions for mass acceptance of bitcoin
The implementation of the regulatory framework will create the conditions for the widespread adoption of cryptocurrencies. Legislation should be simple and as comfortable as possible, says Christian Borel of SEBA Bank.
The bank's top manager notes that many financial institutions are interested in the development of the cryptocurrency industry. However, they are discouraged by the lack of clear rules for working with digital assets.
If states solve this problem, the industry will develop much faster.
Borel emphasized:
"Institutional investors have always been very alert to new investment opportunities and their interest in the digital asset sector is consistent with this approach."
The implementation of the regulatory framework will create the conditions for the widespread adoption of cryptocurrencies. Legislation should be simple and as comfortable as possible, says Christian Borel of SEBA Bank.
The bank's top manager notes that many financial institutions are interested in the development of the cryptocurrency industry. However, they are discouraged by the lack of clear rules for working with digital assets.
If states solve this problem, the industry will develop much faster.
Borel emphasized:
"Institutional investors have always been very alert to new investment opportunities and their interest in the digital asset sector is consistent with this approach."
Coinbase added new tags near risky assets
The crypto-exchange will now mark assets that have recently listed on the platform and/or have low trading volume.
💬"The company's goal is to be as transparent as possible for our users regarding trading risks, so we are introducing a new experimental label on asset pages and a disclosure when executing trades for some assets," said Coinbase product manager Ishan Wahi.
Undoubtedly, the innovation is positive as it would reduce potential losses for newcomers (and not only), and therefore increase the popularity of cryptocurrency trading.
The crypto-exchange will now mark assets that have recently listed on the platform and/or have low trading volume.
💬"The company's goal is to be as transparent as possible for our users regarding trading risks, so we are introducing a new experimental label on asset pages and a disclosure when executing trades for some assets," said Coinbase product manager Ishan Wahi.
Undoubtedly, the innovation is positive as it would reduce potential losses for newcomers (and not only), and therefore increase the popularity of cryptocurrency trading.
Forbes journalist releases book on cryptocurrencies
Recently, the world of digital assets was stirred by the news that Laura Sheen, a journalist of the respected American magazine Forbes, released a book "The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze." In this book, the woman tells readers about the founding of a certain cryptocurrency platform that enabled users to create their own virtual coins, thus activating a new "crypto fever."
Sheen introduces readers to prominent characters in the digital space, such as Buterin, the Web3 prodigy, Charles Hoskinson and Joe Labine (a former Goldman Sachs vice president who became one of the most famous billionaires in the cryptocurrency industry).
This fascinating book shows the cryptocurrency market for what it really is. More specifically, the writer focuses on the massive struggle of the rich for influence and leadership in the coming "new money" revolution in the industry.
Recently, the world of digital assets was stirred by the news that Laura Sheen, a journalist of the respected American magazine Forbes, released a book "The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze." In this book, the woman tells readers about the founding of a certain cryptocurrency platform that enabled users to create their own virtual coins, thus activating a new "crypto fever."
Sheen introduces readers to prominent characters in the digital space, such as Buterin, the Web3 prodigy, Charles Hoskinson and Joe Labine (a former Goldman Sachs vice president who became one of the most famous billionaires in the cryptocurrency industry).
This fascinating book shows the cryptocurrency market for what it really is. More specifically, the writer focuses on the massive struggle of the rich for influence and leadership in the coming "new money" revolution in the industry.
Trading on the Rainbow Chart of Bitcoin
The Rainbow Chart is a graphic showing the long-term price of bitcoin, and disregards short-term volatility. It was created by Bitcoin Talk and Reddit users.
The chart shows that long-term investments on the rainbow chart could bring depositors a nice profit.
What do the colors on the chart mean? (from top to bottom).
- Dark red - maximum bubble, urgent sell;
- Red - strong sell signal;
- Dark orange - FOMO zone, also a sell signal;
- Orange - signal of the beginning of the weakening of purchasing power;
- Yellow - signal for a continuation of the hold;
- Salad - although the lows have been reached, bitcoin is still quite cheap;
- Green - accumulation zone;
- Blue - buy zone;
- Blue - market sell-off, strong buy signal.
Currently we are in the green zone 😏
The Rainbow Chart is a graphic showing the long-term price of bitcoin, and disregards short-term volatility. It was created by Bitcoin Talk and Reddit users.
The chart shows that long-term investments on the rainbow chart could bring depositors a nice profit.
What do the colors on the chart mean? (from top to bottom).
- Dark red - maximum bubble, urgent sell;
- Red - strong sell signal;
- Dark orange - FOMO zone, also a sell signal;
- Orange - signal of the beginning of the weakening of purchasing power;
- Yellow - signal for a continuation of the hold;
- Salad - although the lows have been reached, bitcoin is still quite cheap;
- Green - accumulation zone;
- Blue - buy zone;
- Blue - market sell-off, strong buy signal.
Currently we are in the green zone 😏
HTC to launch its own metaverse
According to representatives of the company, a new metaverse called Viverse has been under development for a long time.
They stressed that in the last few years they have lost their status as the leading firm in the smartphone sector, so they plan to expand in another direction.
The company sees great prospects for business development through non-interchangeable tokens (NFT) and Metaverse.
To show the advantages of the virtual world, the company released a spectacular video, telling what challenges the innovative technology will help solve.
According to representatives of the company, a new metaverse called Viverse has been under development for a long time.
They stressed that in the last few years they have lost their status as the leading firm in the smartphone sector, so they plan to expand in another direction.
The company sees great prospects for business development through non-interchangeable tokens (NFT) and Metaverse.
To show the advantages of the virtual world, the company released a spectacular video, telling what challenges the innovative technology will help solve.
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U.S. Treasury backs Biden's plan to regulate crypto
Apparently, Yellen's comments were published a day earlier by mistake. After that, the document was quickly deleted. Nevertheless, the Net remembers everything.
The statement states that the president's order to legalize cryptocurrencies could bring "substantial benefits to the people and the country."
In addition:
"And, because the questions raised by digital assets often have important cross-border dimensions, we’ll work with our international partners to promote robust standards and a level playing field."
Apparently, Yellen's comments were published a day earlier by mistake. After that, the document was quickly deleted. Nevertheless, the Net remembers everything.
The statement states that the president's order to legalize cryptocurrencies could bring "substantial benefits to the people and the country."
In addition:
"And, because the questions raised by digital assets often have important cross-border dimensions, we’ll work with our international partners to promote robust standards and a level playing field."
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🇺🇸 The White House released a digital asset strategy, the main talking points:
- The digital dollar to be released after it is audited, CBDC must be in the national interest.
- Federal agencies must coordinate their work in the digital asset sector.
- The Treasury Department should produce a report on the "future of money."
- Digital assets can provide opportunities for American innovation.
- An approach to understanding macroeconomic risks is developed to protect investors from volatility.
- The digital dollar to be released after it is audited, CBDC must be in the national interest.
- Federal agencies must coordinate their work in the digital asset sector.
- The Treasury Department should produce a report on the "future of money."
- Digital assets can provide opportunities for American innovation.
- An approach to understanding macroeconomic risks is developed to protect investors from volatility.
🧬 This week, Ethereum developers will launch the last public test Kiln network before the transition to Proof-of-Stake.
Generally, about three months are set aside for the test network - if everything goes according to plan, Ethereum's transition to Proof-of-Stake can be expected as early as this summer.
It is worth noting that the volume of funds on the Ethereum 2.0 deposit contract exceeded 10 million ETH - the equivalent of 8.4% of the second cryptocurrency's supply.
Generally, about three months are set aside for the test network - if everything goes according to plan, Ethereum's transition to Proof-of-Stake can be expected as early as this summer.
It is worth noting that the volume of funds on the Ethereum 2.0 deposit contract exceeded 10 million ETH - the equivalent of 8.4% of the second cryptocurrency's supply.
🎈 Robert Kiyosaki believes that "we are now in the biggest bubble in world history" - in his opinion, everyone should have a Plan B, which is to stay out of the stock market and create their own assets.
The businessman and writer said he has already bought 2,500 American Silver Eagles because gold has already gone up in price and Bitcoin is still too expensive, but in the meantime silver is an industrial metal, it is liquid and can be sold without government control.
Meanwhile, the U.S. consumer price index rose to 7.9%.
The businessman and writer said he has already bought 2,500 American Silver Eagles because gold has already gone up in price and Bitcoin is still too expensive, but in the meantime silver is an industrial metal, it is liquid and can be sold without government control.
Meanwhile, the U.S. consumer price index rose to 7.9%.
Dubai has introduced an agency aimed at regulating digital assets such as cryptocurrencies, NFTs and the like.
The body, called the Dubai Virtual Assets Regulatory Authority, is a subsidiary agency of the Dubai World Trade Center.
The agency will license cryptocurrencies and cryptocompanies in the country, which should increase the latter's interest in locating infrastructure and offices in Dubai.
The body, called the Dubai Virtual Assets Regulatory Authority, is a subsidiary agency of the Dubai World Trade Center.
The agency will license cryptocurrencies and cryptocompanies in the country, which should increase the latter's interest in locating infrastructure and offices in Dubai.