ERCOT reported that wind generation in Texas was “generating significantly less,” potentially leaving the state unable to meet energy demands during triple-digit temperatures. With many parts of Texas enduring days of temperatures well over 100 degrees Fahrenheit in July, many crypto miners have shuttered operations in anticipation of the state’s energy grid being unable to…
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LDO price books a 45%+ monthly gain as the Ethereum network moves closer to completing its proof-of-stake upgrade. The upcoming Ethereum (ETH) Merge is one of the most talked about developments in the cryptocurrency ecosystem as the world’s second-largest cryptocurrency by market cap undergoes the difficult transition from proof-of-work (PoW) to proof-of-stake (PoS). One protocol…
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Bitcoin and select altcoins are discounted and trading close to critical support levels, but will buyers step in? The United States dollar index (DXY) resumed its strong uptrend on July 11, indicating that investors are preparing for the July 13 CPI report to be hotter than expected. A survey of economists by Bloomberg estimates that in June…
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Bitcoin price settled below the USD 21,200 pivot level. BTC is currently (11:49 UTC) consolidating near the USD 20,500 level and is down almost 4% in a day and up over 6% in a week. Similarly, most major altcoins are showing bearish signs. ETH is struggling and might break the USD 1,120 support. XRP is…
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Bitcoin (BTC) is more likely to fall to USD 10,000 than it is to rise to USD 30,000, the majority of respondents in a new survey by Bloomberg Markets Live believe. According to the survey, 60% of respondents said they believe bitcoin will fall to USD 10,000 before any significant rise in price is likely.…
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One of the world’s leading financial policy-making organizations said that it will tell governments to step up their supervision of stablecoins later this year – against a “backdrop of the recent turmoil” in the crypto sector. In a press release from the Financial Stability Board (FSB), which advises the G20 on economic policy matters, the…
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A major legal battle between digital asset giant Grayscale Investments and the US Securities and Exchange Commission (SEC) over the rejected application to convert the Grayscale Bitcoin Trust (GBTC), the world’s largest BTC fund, to a spot exchange-trading fund (ETF) might last even two years or longer…. Read More: This Is Low Long Grayscale vs.…
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Researcher Vivek Raman said that after the Merge, ETH inflation will be lower, security will be better and ETH will position itself as a digital bond. As Ethereum shifts into proof-of-stake (PoS), a decentralized finance (DeFi) researcher has argued that the platform can overtake Bitcoin’s (BTC) throne as the top dog in crypto. In a…
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In terms of daily turnover, the British pound (GBP) is the fourth most traded fiat currency in the world, according to the Bank for International Settlements. Fintech firm blackfridge has launched a new stablecoin that is fully backed by the British pound (GBP), potentially opening the door to wider adoption of digital assets in the…
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USDT is under attack from short sellers. Would they go away if only the company hired a Big Four accounting firm to audit its balance sheet? There is an old Arabic proverb: “The dogs bark, but the caravan moves on.” It could summarize the journey to date of Tether (USDT), the world’s largest stablecoin. Tether…
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