Bitcoin Trivia

X Valued at $19 Billion a Year After Musk Bought Twitter for $44 Billion, Reports

November 1, 2023 Caden

Social media company X is now worth less than half of what Elon Musk paid for Twitter, according to internal documents quoted by the press. The billionaire investor purchased the platform, Twitter at the time of acquisition, for $44 billion last October. He has previously admitted to overpaying for it. Social Media Giant X Worth…

billionaire, Elon Musk, Musk, News, shares, Social Media, Stock, stock units, Twitter, Value, X

From Venezuela’s 360% to Ghana’s 42%, 10 Countries Worldwide Feel the Sting of Inflation

October 29, 2023 Caden

Drawing upon the latest statistics, ten nations are grappling with inflation rates surpassing 40% as of October 2023, while four countries are enduring inflation rates in excess of 100%. A look into the data curated by the International Monetary Fund’s World Economic Outlook reveals that the Venezuelan bolivar is weathering significant inflation at a rate…

Bitcoin (BTC), Crypto, Cryptocurrencies, Economics, fiat currencies, inflation, inflation rate, Stablecoins

An In-Depth Analysis of 7 Advanced Bitcoin Miners From Bitmain, Canaan, and Microbt

October 27, 2023 Caden

Recently, the top three bitcoin mining rig manufacturers unveiled a group of next-generation products with efficiency ratings of less than 20 joules per terahash (J/T) and powerful hashrates. In total, Bitmain, Canaan, and Microbt released seven new devices. The following provides a look at the machines’ current profitability using prevailing BTC exchange rates. A Look…

Bitcoin (BTC), Bitcoin mining, Bitmain, Canaan, Crypto, Cryptocurrency, Microbt, Mining

Bitcoin, Ethereum Technical Analysis: BTC Explodes Above $35,000 as ETF Speculation Intensifies

October 24, 2023 Caden

Bitcoin rallied to its highest level since May 2022, as bullish sentiment exploded throughout the market. The surge came as traders believed a United States SEC announcement was imminent, over a bitcoin exchange-traded fund (ETF), likely from Blackrock. Ethereum also rose, climbing above $1,800. Bitcoin Bitcoin bulls pushed the cryptocurrency over the $35,000 level on…

Analysis, Bitcoin, BTC, Crypto, Cryptocurrency, ETF, ETH, Ethereum, Market Updates, SEC

Data Protection Bodies Call For ‘Privacy Threshold’ in Digital Euro Transactions

October 21, 2023 Caden

Ensuring low-value digital euro transactions are not traced is one of the recommendations made by two data protection agencies in the EU. The independent bodies have presented their joint opinion on the proposed regulation for the upcoming digital version of Europe’s common fiat currency. Independent EU Regulators Insist on Embedding Data Protection in the Design…

Cash, CBDC, Currency, Data protection, Digital Currency, digital euro, ECB, EU, Europe, european, Eurozone, Privacy, Regulators, transactions

Binance US Suspends Withdrawals in US Dollars

October 19, 2023 Caden

Crypto exchange Binance US has suspended withdrawals in U.S. dollars. Users who want to withdraw their USD funds must first convert them into stablecoins or other cryptocurrencies, which can then be withdrawn. Binance US Updates Dollar Withdrawal Policy Binance US, the U.S.-based cryptocurrency exchange affiliated with Binance, updated its terms of use on Tuesday. The…

Binance, Binance.us, Crypto, crypto exchanges, crypto regulations, Cryptocurrency, Exchanges

Bitcoin Surges on Fake Blackrock ETF Approval News: Misinformation Ripples Through Crypto Markets

October 16, 2023 Caden

On a bustling Monday, the cryptocurrency-focused news platform Cointelegraph broadcasted that the U.S. Securities and Exchange Commission (SEC) had given the green light to Blackrock’s Ishares spot bitcoin exchange-traded fund (ETF). The unverified news spread like wildfire, and in its wake, the value of BTC soared over 10% against the U.S. dollar, without any official…

Blackrock, Cointelegraph, Crypto, Crypto News, Cryptocurrency, ETF news, News, spot bitcoin etf

China Opens Digital Yuan Park in Shenzhen

October 13, 2023 Caden

Shenzhen has become home to an industrial park established to promote China’s central bank digital currency (CBDC). Several financial companies are already settling there, the Chinese megacity announced while unveiling almost a dozen initiatives to boost the digital yuan use in the region. Shenzhen to Invest $14 Million in 3 Years to Develop Digital Yuan…

Blockchain, business park, CBDC, China, chinese, Digital Currency, Digital Yuan, e-CNY, Finance, Industrial Park, park, Payments, shenzhen, Smart Contracts

Nigerian Central Bank Refutes Media Reports Suggesting Its CBDC Poses a Threat to Financial Stability

October 11, 2023 Caden

The Nigerian central bank has disputed media reports suggesting its Sept. 11, 2023 document implies that its e-naira currency poses a threat to financial stability. The central bank said it felt compelled “to clarify the reports to ensure that misunderstandings are not fostered.” Book Gives an ‘In-Depth Understanding of CBDCs’ The Central Bank of Nigeria…

Africa, CBDCs, Crypto, crypto africa, Crypto Nigeria, Cryptocurrency, Digital Currency, financial stability

Bitcoin Lingers in a ‘Neutral’ Phase as the Fear and Greed Index Signals Market Consolidation

October 8, 2023 Caden

On Sunday, October 8, 2023, bitcoin’s price teeters just below the $28K threshold, marking a 2.6% rise from the previous week. Presently, the Crypto Fear and Greed Index (CFGI) hovers at a “neutral” 50 out of 100, a stance it’s held over the past week. Technical data reinforces this balanced outlook, indicating bitcoin’s price movement…

Bitcoin (BTC), BTC Market Sentiment, Crypto, Crypto Fear and Greed Index, Cryptocurrency, Market Updates