Bitcoin BTC Price Stays Rooted Near $23.5K

The largest cryptocurrency by market capitalization was recently trading at $23,481, roughly flat over the past 24 hours, but down from its highs a week ago over $25,000 – before surprisingly strong jobs and price data had markets increasingly contemplating the prospect of a 50 base point rate increase instead of 25 bps. Author: Sam Reynolds Source link

Bitcoin BTC Price Not Ready to Soar as Investors Await Fed Chair Speech, More Earnings

“Startups were able to raise uncharacteristically sized rounds for their stage, commonly acquiring multiple years of runway pre-product, while over the course of the last six months, investors pivoted to underwriting fewer deals targeting higher conviction, more concentrated bets,” George told CoinDesk in a note. “During this period of time, investors began to re-evaluate their focus on what constitutes product market fit, realizing that large token incentive programs rewarding user participation creates distorted traction metrics and overlooks user stickiness.” Author: Sam Reynolds Source link

Macau’s Digital Currency Embrace Could Be a Nightmare for Its Casino Industry; Bitcoin Points Upward

The largest cryptocurrency by market capitalization was recently trading above $19,500, up about 1.4% over the past 24 hours, swept up in a wider, likely temporary embrace of more traditional markets. Ether also recently rose about the same and was recently changing hands over $1,300. Other major altcoins spent much of the day in the green, with ATOM and MATIC among the biggest gainers for cryptos with at least a $1 billion market cap, each rising about 5%. The CoinDesk Market Index (CMI), a broad-based market index that measures the…

Coinbase Gets Singapore Digital Payment Token License

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Ethereum’s Merge Starts to Hit Gaming Chip Prices

“Gaming is growing, workstation is growing, AI hyperscale data center is growing, high-performance computing is growing. Quite frankly, I’d prefer that our GPUs were built to be used in those areas,” he was quoted as saying at the company’s annual technology conference in 2018. “My preference would be, of course, that we allocate them for the people we build them for, but there’s a logical reason for why [they use] Nvidia GPUs, because it’s the world’s largest distributed supercomputer.” Author: Sam Reynolds Source link

Taipei Blockchain Week Imperiled by Government’s COVID-19 Quarantine; Bitcoin Rebounds Above $20K

Other altcoins in the CoinDesk top 20 by market cap were in the green, most of them firmly so with ATOM and LRC recently jumping 12% and 8%, respectively. AVAX rose more than 5%, regaining ground it lost after a self-described “whistleblower” website on Sunday accused Ava Labs, the company behind the Avalanche, layer1 blockchain, of paying lawyers to hurt competitors and keep regulators at bay. On Monday, Ava Labs CEO Emin Gün Sirer denied the company has been involved in any behind-the-scenes smear campaign. Author: Sam Reynolds Source link