Markets

Bitcoin’s price went through a somewhat surprising dip yesterday when the US announced the September job reports, which were better than expected. Most altcoins are also in the red now, with the obvious exception of Ripple. XRP has stolen the show once again, surging by almost 7%. Bitcoin Lost the $20K Mark Ever since the October 3 crash to below $19,000, the landscape around the primary cryptocurrency was quite positive. The asset had bounced off that level and even jumped...

Trygve Slagsvold Vedum – the Finance Minister of Norway – urged the government to scrap its crypto program that allows domestic bitcoin miners to pay a reduced rate on electricity. In his view, the current market conditions and the ongoing energy crisis in Europe are key reasons for this amendment. BTC Miners Should not Be Treated Differently In 2016, the Norwegian government introduced certain energy benefits for data centers, including cryptocurrency miners, by enabling...

The financial services corporation – Visa – collaborated with the cryptocurrency exchange – FTX – to offer debit cards in 40 countries across the globe. The cards are already available in the United States and will reach other Asian, Latin America, and European nations soon. Visa’s Next Crypto Move In an interview for CNBC, Visa’s Chief Financial Officer – Vasant Prabhu – noted that the ongoing crypto winter has not deterred the interest in digital currencies. He explained...

Not long ago, Live Bitcoin News published an article talking about the world’s first cryptocurrency insider trading case, which occurred at the hands of a former employee of popular digital currency exchange Coinbase. It now looks like that case has reached a new pinnacle. Former Coinbase Employee May Have Conducted Insider Trades The case involves Ishan Wahi, a former product manager for Coinbase. He is accused of receiving private information about what coins the...

After spending a fortune on fortune on deals and investments in 2022, Binance may still have a mountain of dry powder left to deploy before the year closes.  The CEO of the world’s largest crypto exchange, Changpeng Zhao (CZ), recently said that his company may ultimately spend over $1 billion this year on acquisitions and investments.  Binance’s Billion-Dollar Plans As detailed by Bloomberg, Binance has already committed $325 million across 63 projects in 2022. In 2021, it...

In terms of overall market movements, not much was happening in the past seven days. The total capitalization remained somewhat flat, around $990 million, unable to recover above the coveted $1 trillion mark. Bitcoin’s price, as well as that of the majority of altcoins, also failed to post a significant difference. At the time of this writing, Bitcoin’s price trades at around $19,700 – more or less where it was this time last week. The volatility is currently gone from the...

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

The payroll and job reports from the world’s largest economy were slightly above expectations for September. However, BTC reacted with a sharp price decline, as it typically happens when the US publishes any sort of data lately. Although the numbers for September are below August and the average for 2022, the States added 263,000 new jobs during the month, and the unemployment rate decreased to 3.5%, said the Bureau of Labor Statistics. These figures are slightly above...

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.