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September 2022

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Bitcoin’s Anemic Performance Is Good Thing, Analyst Claims

Edward Moya, market analyst at broker Oanda, recently told Barron’s that Bitcoin’s anemic performance suggests that the cryptocurrency’s long-term holders remain unfazed by the ongoing market turbulence. Oanda argues that the crypto king, which is known for its high volatility, is supposed to significantly underperform the equities market. For instance, when the stock market is […]

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Why Going Long on the Bitcoin Price is a Better Bet Than Holding the British Pound Right now

Being long on the bitcoin price is a sounder strategy today than being long on the British Pound as the currency touches historic lows against the US dollar. Unfortunately for Brits, this is not a trading decision because if you get paid in GBP you are long sterling. Should Brits get paid in BTC? Bitcoin price outlook

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Bitcoin mining hash rate reaches a record as shift to renewables accelerates

With Bitcoin’s (BTC) price struggling below $20,000, the asset’s mining activity appears to be thriving, with competition among miners continuing to grow. Consequently, this scenario has resulted in the Bitcoin mining hash rate hitting a new record high. Indeed, as of September 25, Bitcoin’s mining hash rate spiked to a new all-time of 226.633 EH/s

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Telecoms Data Breach Prompts Privacy Overhaul in Australia

Australia has announced its intentions to bolster privacy regulation following a data breach at the country’s second-largest telecoms firm. The personal data of up to 10 million customers, some 40% of the population, has been compromised by hackers, reported Optus, which is owned by Singapore Telecoms Ltd. While Optus stressed that payment details and account

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What is scalping in crypto, and how does scalp trading work?

Scalping focuses on making money off of slight price swings. Crypto scalpers use this method to reap quick gains from reselling assets. HOW TO CRYPTO   Although cryptocurrencies are known for their volatility, they give traders various opportunities to pocket and reinvest the gains. Scalp trading is a crypto strategy that helps scalpers to take risks

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R. Kiyosaki warns the end of ‘fake’ money is near, shares investment assets to stay safe

The author of the personal finance book ‘Rich Dad, Poor Dad’ Robert Kiyosaki, has shared his views on the best assets investors can opt for while suggesting that the end of ‘fake’ money is near. According to Kiyosaki, the end to fake dollars is highlighted by the alleged scarcity of gold and silver coins. In a tweet on September 20,

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California Governor Vetoes Bill to Establish Licensing Framework for Crypto Companies

The Governor of California, Gavin Newsom, has vetoed a proposed bill that seeks to create license requirements for crypto companies in the state. The bill sponsored by Democrat Assemblyman Tim Grayson was passed by the state assembly and senate last month. The Digital Financial Assets Law will create a much-needed framework for the crypto space. In his letter to the California

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ENS: Why there’s more to the story than a hike in .eth domain name registrations

According to Dune Analytics, Ethereum Name Service (ENS) has recorded a spike in registrations so far this month. Here, it’s worth pointing out that this uptick comes on the back of tremendous growth logged across the month of August.   The reasons behind the same are not far-fetched by any means though. Since ENS domain name purchases are

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Vitalik Hopes Dogecoin ($DOGE) and Zcash ($ZEC) Will Also Move to PoS Consensus

Ethereum ($ETH) co-founder Vitalik Buterin predicts that Zcash and Dogecoin will eventually switch to a proof-of-stake consensus model. Around 7:00 a.m. UTC on September 15, Ethereum’s Merge upgrade was completed, which means that the Ethereum network is now only using proof-of-stake (PoS) consensus. Ethereum creator Vitalik Buterin called this successful upgrade “a big moment for

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