Day: October 19, 2022

Oct 19
New Fidelity report flags ‘stark contrast’ between Bitcoin and fiat currencies

Bitcoin’s (BTC) future may “stand in stark contrast to the rest of the world,” asset manager Fidelity Investments predicts. In a recent research piece, “The Rising Dollar and Bitcoin,” released Oct. 10, Fidelity Digital Assets, the firm’s crypto subsidiary, drew a line between Bitcoin and other currencies. Report: Bitcoin “does not correspond to another person’s […]

Oct 19
BTC energy use jumps 41% in 12 months, increasing regulatory risks

Despite the European Union rejecting a proposal banning crypto mining earlier this year, more regulations could soon be implemented to mitigate the environmental impacts of crypto mining. 1417 Total views 36 Total shares Bitcoin (BTC) has seen a 41% increase in energy consumption year-on-year (YoY) despite dramatic improvements in energy efficiency and a more diverse […]

Oct 19
Brent crude oil Wave Analysis – 19 October, 2022

• Brent crude oil reversed from resistance level 95.00 • Likely to fall to support level 86.00 Brent crude oil recently reversed down from the resistance level 95.00 (which has been reversing the price from September), coinciding with the daily down channel from July, upper daily Bollinger Band and the 38.2% Fibonacci correction of the […]

Oct 19
EURNZD Wave Analysis – 19 October, 2022

• EURNZD reversed from resistance level 1.7500 • Likely to fall to support level 1.7200 EURNZD recently reversed down from the key resistance level 1.7500 (top of the sideways price range inside which the pair has been trading from the end of last month), intersecting with the upper daily Bollinger Band. The downward reversal from […]

Oct 19
‘Cryptoqueen’ associates face German court for role in $4B OneCoin scheme

The whereabouts of “Cryptoqueen” Ruja Ignatova are still unknown but the charges against OneCoin members are starting to pile up. 1008 Total views 14 Total shares Three associates of fugitive OneCoin founder Ruja Ignatova, known colloquially as the “Cryptoqueen,” have faced a German court over allegations of fraud, money laundering and banking crimes. Appearing in […]

Oct 19
Nifty News: Top 10 CryptoPunks wallet lays dormant, house sells on OpenSea, and more

Dormant Punks Nonfungible token (NFT) sleuths have dug up an old wallet from 2017 that minted 141 CryptoPunks for 0.02 ETH, which was around $7 at the time when the project launched. According to the Twitter user Nansen Intern from the analytics platform the wallet is now valued at 11,300 ETH, or around $14.7 million […]

Oct 19
Jack Dorsey unveils decentralized social with algo choice and portable accounts

Twitter co-founder and former CEO Jack Dorsey have lifted the curtain on the latest iteration of its social protocol and a new Bluesky Social app — as part of its decentralized answer to Twitter.  The Oct. 18 announcement comes nearly three years since the initiative was announced by Dorsey in December 2019, with the aim […]

Oct 19
Here’s why Bitcoin price could tap $21K before Friday’s $510M BTC options expiry

Bitcoin (BTC) has been trying to break above the $20,500 resistance for the past 35 days, with the latest failed attempt on Oct. 6. Meanwhile, bears have displayed strength on four different occasions after BTC tested levels below $18,500 during that period. Bitcoin/USD price index, 12-hour chart. Source: TradingView Investors are still unsure whether $18,200 […]