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Bitcoin (BTC)

Bitcoin Increases to $23.3K as Powell Reiterates 2% Inflation Target

Federal Reserve Chairman Jerome Powell spoke more on the future direction of monetary policy following an unexpectedly strong U.S. jobs report on Friday. Here’s what he had to say: During an interview, Powell reiterated his comments from last week that the economy’s disinflation is still within its very early stages – particularly in the housing sector.  Friday’s jobs report, which showed over 500,000 jobs created in December, reiterated that point. “It kind of shows you why...

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Phony Crypto Facebook Post Sends Australia Into an Uproar

Crypto traders in Australia got scared a few weeks ago when they saw a phony Facebook advertisement claiming they needed “social credit scores” of approximately 100 or more to do business with crypto exchanges and trade digital currencies. Australia Fooled By Fake Crypto Facebook Post The Facebook post read as follows: BREAKING: Australian citizens can only access bitcoin if they have enough social credits – report. According to a new law, Australian citizens need at...

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Space Kek #16 : Fonctionnement du routing sur le Lightning Network

« Les deux prochains épisodes du Space Kek seront consacrés au fonctionnement du routing sur le Lightning Network. Nous commencerons par une approche fonctionnelle en détaillant notamment les HTLCs (et les PTLCs tant qu’à faire). L’épisode de la semaine prochaine portera sur les différents algorithmes de calcul de route utilisés ou à l’étude. » – Lounès Ksouri. Quand ? – Mardi 7 février 2023 à...

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Anthony Scaramucci Claims SBF Is Guilty of “Betrayal” and “Fraud”

In a recent interview, bitcoin bull and former White House communications director under Donald Trump Anthony Scaramucci compared former FTX executive Sam Bankman-Fried to Bernie Madoff, the man who orchestrated an investor Ponzi scheme back in 2008 to grow his own wealth and lead a billion-dollar lifestyle. Anthony Scaramucci Says He Was Betrayed By SBF During his discussion, Scaramucci claimed that Bankman-Fried was guilty of both “betrayal” and “fraud,” though at one...

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Cardano (ADA) Price Analysis: Downside Correction Could Be Limited

ADA price is correcting gains from the $0.415 zone against the US Dollar. The price is now trading below $0.40 and the 55 simple moving average (4-hours). There was a break below a key rising channel with support near $0.388 on the 4-hours chart (data feed via Bitfinex). The price could gain resume its increase if it stays above the $0.370 and $0.365 support levels. Cardano price is correcting lower below $0.40 against the US Dollar, similar to bitcoin. ADA price could...

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Taproot Usage Soars Amid Rising Interest in Ordinals on Bitcoin

Ordinals – a new and controversial Bitcoin-based protocol – is making its mark on-chain with a record number of Taproot-related transactions, according to the blockchain data provider Glassnode.  Nevertheless, the debate is still hot within the Bitcoin community as to whether the technology should be celebrated or cursed. The Popularization of Ordinals Ordinals were designed by Bitcoin Core contributor Casey Rodarmor as a way of identifying individual satoshis on the network....

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FOMO Returns? 620K Retail Bitcoin Addresses Created Since BTC Reclaimed $20K

The start of the year has been highly positive for bitcoin and the entire cryptocurrency market, with BTC exceeding $24,000 for the first time since August 2022. This came after a months-long bear market and untypical price stability at the end of last year when the asset stood helplessly below $17,000. Somewhat expectedly, though, the price increase has caught the attention of retail traders. Retail Investors Back at it 2022 turned out to be one of the worst years for...

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The Congo Has Established Its First BTC Mining Facility

The Congo in Africa has set up its first official bitcoin mining facility. The clincher? It runs entirely on clean energy and seeks to avoid the often atmosphere-polluting methods utilized by former and present enterprises. Mining in the Congo Has Become Possible The mining company has been set up in what’s known as Virunga National Park, which is often used to house endangered mountain gorillas. While these great apes are indeed still prominent in the area, it appears...

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Bitcoin Slides Below $23K But a Bullish Indicator Flashes (BTC Price Analysis)

Bitcoin’s price rally has come to a halt as the market has been consolidating below a significant resistance level for weeks. While there are some worrying technical signs in the short term, a very bullish signal is also developing. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price has been consolidating below the $25K resistance area as of late. Recent daily candles suggest the bullish momentum is fading. The RSI also confirms this, as it has...

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