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“# ELA, API3 and PROM buck the market-wide downtrend by posting a 20%+ gain ” Fear and volatility remain the theme of the week as Bitcoin (BTC) continues to face stiff resistance near the $42,000 price level and stock markets were also hard hit on Jan. 18. Investor fear over this year’s proposed rate hikes…
“# Intel to reveal new energy-efficient Bitcoin mining ASIC at next ISSCC ” Reports indicate that Intel, one of the largest computer processor manufacturers, intends to reveal a new “Ultra-Low-Voltage Energy-Efficient Bitcoin Mining ASIC” known as Bonanza Mine at the upcoming IEEE International Solid-State Circuits Conference in February 2022. Intel submitted a patent in November 2018 outlining…
“# Analysts warn that Bitcoin could dip to $38K ‘before an eventual breakout’ ” The cryptocurrency market faced another day of weakness on Jan. 18 as the price of Bitcoin (BTC) dropped lower and additional pressure was also put on the altcoin market. Currently, the crypto Fear and Greed Index registered “Extreme Fear” among investors…
“#Spain starts cracking down on crypto ads” Regulators in Spain are tightening the rules on how social media influencers and others can advertise for cryptocurrency. The government in Madrid said it would require “influencers” with more than 100,000 followers on social media to give at least a 10-day notice in advance before posting messages urging…
“# Where are the best APYs for stablecoins? | Find out now on The Market Report! ” In this week’s episode of “The Market Report,” Cointelegraph’s resident experts showcase where to find some of the best stablecoin yields in decentralized finance, or DeFi. But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and…
“# El Salvador’s Bitcoin wallet onboards 4M users with Netki partnership ” El Salvador, the first country to make Bitcoin (BTC) a legal tender has onboarded 4 million users for its government-backed BTC wallet Chivo in partnership with digital identity provider Netki, according to an announcement. Netki has announced that Chivo wallet onboarded over 4…
“# Bitcoin miners’ resilience to geopolitics — A healthy sign for the network ” Considering that Bitcoin (BTC) is a blockchain network that uses a proof-of-work (PoW) consensus mechanism, miners are a highly significant part of the market dynamics of the network and the community itself. On Jan. 5, it was revealed that Kazakhstan shut…
“# Bitcoin miner Rhodium set for IPO, valued at $1.7 billion ” The first IPO for the crypto industry in 2022 comes from a Texas-based Bitcoin (BTC) mining company, Rhodium Enterprises. In an SEC filing made last week, Rhodium plans to offer 7.69 million shares at $12-$14 each in an initial public offering (IPO). Trading…
“# Bitcoin hodlers ‘under siege’ at $42K as 30% of BTC supply flips from profit to loss ” Bitcoin (BTC) hodlers face a crucial week in more ways than one as $42,000 rekindles a familiar battle. As noted by on-chain analytics firm Glassnode on Monday, 30% of the BTC supply is now at a loss…
“# Mr. Wonderful plans to invest in mining company stocks ” Canadian businessman Kevin O’Leary laid out his plans to invest in mining company stocks. In an interview with Anthony Pompliano, Mr. Wonderful shared stories about his recent travels in the Middle East to find ways to invest in Bitcoin (BTC) mining. According to the…