Today at Chaintalk News

December 6, 2022

What Is Bitcoin?

By ChainTalk TV

Article

What Is Bitcoin?

Interest in Bitcoin peaked late last year when it reached an all time high price of $20,000 and made headlines across the internet. However, while

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What is Crypto betting, and how is it different from E-sports betting?

The concept of cryptocurrency betting is rather simple. It employs bitcoin but is otherwise equivalent to conventional esports wagering.
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Cowen Digital taps London lead, charging ahead amid crypto winter, mass layoffs

The digital arm of Cowen Inc. plans to forge ahead despite the industry-wide fallout from the recent collapse of FTX.
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cointelegraph

Silvergate CEO calls out 'short sellers' spreading misinformation

In the statement, Lane also took the opportunity to "set the record straight” about its investment relationship with FTX and the firm's “robust risk management approach.”

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Silvergate CEO calls out 'short sellers' spreading misinformation

In the statement, Lane also took the opportunity to "set the record straight” about its investment relationship with FTX and the firm's “robust risk management approach.”
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Shiba Inu (SHIB) And Dogecoin (DOGE) Investors Looking Toward Sparklo (SPRK) Presale

The post Shiba Inu (SHIB) And Dogecoin (DOGE) Investors Looking Toward Sparklo (SPRK) Presale appeared first on Coinpedia Fintech News 2022 has not been a good year for meme coins, especially for Shiba Inu (SHIB) and Dogecoin (DOGE). These cryptocurrencies have been affected by the recent bear market and are still struggling to bounce back. Shiba Inu (SHIB) and Dogecoin (DOGE investors are starting to lose hope and are looking for better investment options like …
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What led this Chinese Court to demand NFT regulations?

The Hangzhou Court in China argued that because NFTs had qualities associated with property rights, such as value, scarcity, disability, and readability, they must be protected by the law.
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Why Kentucky is scrutinizing contracts offering cheaper electricity to miners

The Kentucky Public Service Commission (PSC) has started a formal inquiry into two contracts that would grant new cryptocurrency mining firms discounted power rates.
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Carbon Offset Crypto Project IMPT Announces Exchange Listing After Raising $14m – How To Invest

The post Carbon Offset Crypto Project IMPT Announces Exchange Listing After Raising $14m – How To Invest appeared first on Coinpedia Fintech News It’s been another massive week for IMPT – as the platform’s developers have announced their intentions to bring forward the presale end date. With more than $14m in funding raised in just over two months, the developers have opted to end the ultra-successful presale phase early to focus on putting the final touches on the …
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Analysts think poorly of Tezos (XTZ) and Algorand (ALGO), Orbeon Protocol (ORBN) demand sees new ATH in presale

Tezos (XTZ) and Algorand (ALGO) have been left vulnerable as the cryptocurrency market is in deep crypto winter, with both coins bearing massive losses. Orbeon Protocol (ORBN) will change venture capital for good, as ORBN aims to revolutionize investing in startups. Orbeon Protocol (ORBN) is in phase 2 of its presale. Analysts think the ORBN …
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Hidden Crypto Gems to invest in 2023: Big Eyes (BIG) Firepin (FRPN) and Orbeon Protocol (ORBN)

Looking for hidden gems to invest in 2023? Market experts are looking at Big Eyes (BIG), Firepin (FRPN), and Orbeon Protocol (ORBN). Big Eyes Coin (BIG) and Orbeon Protocol (ORBN) are still in their presale phase, and $ORBN is expected to be a 60 to 100x heading into the end of the year. Let’s take …
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Most Trending Meme Coin Toon Finance Locks in Twitter HQ Billboard

The post Most Trending Meme Coin Toon Finance Locks in Twitter HQ Billboard appeared first on Coinpedia Fintech News Trending Meme Coin buys Twitter HQ Billboard Internet memes have turned out to be not only sources of entertainment but also an avenue for investment. Their attractiveness is directly attached to the humorous nature of these meme coins that have gained a lot of media and public attention. Meme coins such as Toon Finance are …
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Top 5 Popular NFT Tokens to Invest in December 2022

NFT tokens to invest in December 2022:The non-fungible token (NFT) market has had a difficult year as a result of a decline in sales brought on by the bear market in cryptocurrencies. Despite this, some collections, such as the Reddit World Cup collectibles, continued to see significant gains. Non-fungible tokens (NFTs) have gained a lot The post Top 5 Popular NFT Tokens to Invest in December 2022 appeared first on CoinGape .
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Bitcoin (BTC) Price Might Drop More Than 70% in 2023 – Predict Top Experts

The post Bitcoin (BTC) Price Might Drop More Than 70% in 2023 – Predict Top Experts appeared first on Coinpedia Fintech News Bitcoin’s price is gradually rebounding from the recent sell-off brought on by the FTX fiasco, but predicting a bottom is like shooting darts at a board while wearing blinders. While many experts from the industry have started predicting BTC’s price for 2023, one should remember that the price predictions come at a time when Bitcoin …
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Bitcoin’s Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022

On Dec. 5, 2022, at block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty reduction in 2022. The current difficulty is approximately 34.24 trillion and it will remain at this point for the next two weeks or 2,016 blocks. Bitcoin Miners Catch a Break as the Network’s Difficulty Drops
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Quant Shows Potential For Surge Beyond $150 – Can QNT Hit Its Target?

Quant (QNT), a cryptocurrency with a total market cap of $1.88 billion, is outperforming some of the more popular altcoins out there, going up by 10% during the last seven days. According to latest tracking from Coingecko, at the time of this writing, the altcoin is changing hands at $129.88 and is in the midst of a 22.5% increase over the previous two weeks. At a glance: Quant has established important support zones of $111.5 and $100 QNT may soon test the $157 resistance territory The altcoin is enjoying a weekly gain of 10% Prior to the crypto market woes that were brought about by the collapse of the FTX exchange platform, the digital asset was enjoying a good run above the $160 region. After the exchange imploded, QNT was hit very hard, diving all the way down to $95.28 on November 14. Since then, the digital coin has done a great job of bouncing back to reclaim and sustain the $100 territory. Over the last few days, Quant’s price action formed an ascending triangle pattern which indicates more bullish activity from the 30th largest cryptocurrency in terms of overall valuation. A Possible Push Beyond $150 Zone For QNT With its Relative Strength Index (RSI) positioned above the neutral zone, there is indeed a positive outlook for the trajectory of Quant price. Related Reading: Why Chiliz Is Losing Heat Despite World Cup Pomp; CHZ Down Over 30% Source: TradingView On three different occasions, QNT has already tested its support and resistance trendlines of $128-$125, indicating that traders have active participation for the asset’s technical set-up. The asset, on December 2, made a decisive push beyond the set resistance neckline of $128, triggering the bullish run that comes with its current price action pattern. Combining with the definitive increase in QNT trading volume, this momentum is expected to kickstart a strong surge of 18.5% to catapult the asset all the way up to the $155 resistance region. Traders and those who are considering buying right now, however, need to keep a close eye on the altcoin as the bullish thesis will be nullified in the event of a price dump that pulls Quant below its support zones of $111.5 and $100. Worst Case Scenario For Quant Should the digital coin fail to capitalize on its current momentum and do fall below the crucial support territory, Coincodex predicts a sharp decline for its trading price. If this unfolds, within the next five days, Quant will most likely decrease its value by almost 27% to change hands at $95.77. Meanwhile, after such price dump, the asset is seen to once again mount a recovery to trim its losses. The online crypto information provider predicts that during the next 30 days, QNT will possess a trading price of $101.58 Related Reading: Litecoin Continues To Surge As Hash Rate Records New ATH – How About LTC Price? QNT total market cap at $1.5 billion on the daily chart | Featured image: Motivation Grid, Chart: TradingView.com
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Invest in ICOs like Oryen Network – Analysts expect similar returns to Binance Coin or Solana

The market is still overwhelmingly bearish. It is becoming clear that cryptocurrency investors need more than capital gains to sustain their portfolios during these challenging times. DeFi protocols are becoming more popular, and some projects give holders staking options. The Oryen Network, which is currently standing out, offers investors an automated stacking fixed APY, which …
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Bitcoin Mining Difficulty Records Biggest Drop of 2022. Here’s Why

Bitcoin's mining difficulty has recorded the biggest drop since the implementation of China's mining ban
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Jim Cramer Predicts These Coins May Fall To Zero

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Litecoin (LTC) And Dogecoin (DOGE) Struggle To Yield Profit As Snowfall Protocol (SNW) Announce 100% Bonus On Investment

The post Litecoin (LTC) And Dogecoin (DOGE) Struggle To Yield Profit As Snowfall Protocol (SNW) Announce 100% Bonus On Investment appeared first on Coinpedia Fintech News Crypto investors are becoming concerned following the collapse of the renowned crypto exchange platform FTX and the subsequent failure of Binance’s takeover of FTX. Coin prices have plummeted overnight, with well-known coins such as Litecoin (LTC) and Dogecoin (DOGE) among the victims. However, the Snowfall Protocol (SNW) presale has generated so much interest recently, given …
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A loophole allowed FTX to secure its Aussie license without full checks: ASIC's Longo

ASIC's Joseph Longo pointed the finger at a loophole that allowed FTX to acquire an Australian Financial Services License under its watch.
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cointelegraph

A loophole allowed FTX to secure its Aussie license without full checks: ASIC's Longo

ASIC's Joseph Longo pointed the finger at a loophole that allowed FTX to acquire an Australian Financial Services License under its watch.

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Crypto News Live Update Dec 6: Bitcoin, Ethereum Price Struggles; Nexo To EXIT US Market

Crypto News Today Live Updates December and Latest News: (6 December 2022) The global digital asset market registered another turbulence on Tuesday Morning. The biggest crypto like Bitcoin and Ethereum prices declined by over 2% each. The cumulative crypto market cap dropped by almost 2% over the past day. It now stands at $853.6 billion. The post Crypto News Live Update Dec 6: Bitcoin, Ethereum Price Struggles; Nexo To EXIT US Market appeared first on CoinGape .
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ApeCoin Price Analysis & Prediction (Dec 5th) – APE Signals Fresh Decrease After Break and Retest

Just as expected, Apecoin sustained November’s recovery up to $4.48, retested a crucial resistance, and dropped due to rejection. The break and retest successfully played out. It now primes for a fresh decrease. The bulls are exhausted, and it appears the bears are slowly stepping back into the market. After Apecoin found support in the The post ApeCoin Price Analysis & Prediction (Dec 5th) – APE Signals Fresh Decrease After Break and Retest appeared first on NullTX .
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Ethereum Price Holds Steady At $1,300, Altcoin Toon Finance Token Soars Along With Ethereum

The post Ethereum Price Holds Steady At $1,300, Altcoin Toon Finance Token Soars Along With Ethereum appeared first on Coinpedia Fintech News Ethereum’s price has been holding steady at around $1,300 in the past week. This is a significant development for the cryptocurrency, which has seen its value fluctuate wildly in recent months. Ethereum is the second-largest cryptocurrency by market capitalization, and its stability is seen as a positive sign for the wider industry. While Ethereum’s price …
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cointelegraph

Crypto Twitter uses new AI chatbot to make trading bots, blogs and even songs

A few simple prompts to a recently released AI chatbot is all Crypto Twitter needs to create trading bots, an investment thesis and a crypto-themed song.

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Crypto Twitter uses new AI chatbot to make trading bots, blogs and even songs

A few simple prompts to a recently released AI chatbot is all Crypto Twitter needs to create trading bots, an investment thesis and a crypto-themed song.
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Analysts Have Found Flasko (FLSK) AS A Suitable Alternative To The Graph (GRT) And Aave (AAVE)

The post Analysts Have Found Flasko (FLSK) AS A Suitable Alternative To The Graph (GRT) And Aave (AAVE) appeared first on Coinpedia Fintech News Nowadays, it’s essential to proceed with extreme care while buying cryptocurrencies. Additionally, finding a currency with growth potential requires much effort considering the everyday debut of currencies. However, a novice presently has the cryptocurrency limelight. And Flasko is that coin. Flasko has drawn interest from investors in known cryptocurrencies like The Graph (GRT) and Aave …
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Bitcoin Price and Ethereum Have Given Up Earlier Gains; Axie Infinity Jumps 30%

On December 6, Bitcoin, the leading cryptocurrency, gave up most of its gains, having lost nearly 2% to trade at the $16,980 level. Most of the selling trends in the crypto market could be associated with a stronger US dollar. Interest rate speculation increased on Monday after a US services index indicated the economy was holding steady.... Read More: Bitcoin Price and Ethereum Have Given Up Earlier Gains; Axie Infinity Jumps 30%
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CNBC’s Jim Cramer Warns Investors to Sell Their Crypto Holdings

Jim Cramer, head of CNBC’s Mad Money, cautioned investors that they still had time to liquidate their cryptocurrency holdings. Cramer
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Indonesia Says Its CBDC Will Be Suitable for Use In the Metaverse

Under “Project Garuda” Indonesia is pushing further its plans for central bank digital currency (CBDC) – Digital Rupiah -starting with transactions among local banks. Last week, the central bank of Indonesia launched the design for Digital Rupiah. This development comes at a time when other major economies, including India, have been experimenting with CBDCs. In The post Indonesia Says Its CBDC Will Be Suitable for Use In the Metaverse appeared first on CoinGape .
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Ripple Price Prediction 2023-2025: This is When XRP Price May Reach $1

The post Ripple Price Prediction 2023-2025: This is When XRP Price May Reach $1 appeared first on Coinpedia Fintech News Cryptocurrencies are becoming more popular by the day. Adoption has increased significantly, particularly now that alternative payment solutions are available. When it comes to payments, Ripple has solidified its position by providing a safe platform for cross-border payments using XRP as a medium. It can connect currencies and make sure that the payments are sent …
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Litecoin Price Prediction: Why LTC’s Rally is Far From Over

Litecoin price started a strong increase above the $70 resistance against the US Dollar. LTC is currently consolidating and might aim more upsides above $85. Litecoin started a strong increase above the $65 and $70 levels against the US Dollar. The price is now trading above $70 and the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $74.00 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). The price must clear the $83.20 and $84.65 to start another increase in the near term. Litecoin Price Continues To Outperform In the past few days, litecoin price started a steady increase above the $60 level against the US Dollar. LTC price was able to clear the $65 and $70 resistance levels to move into a bullish zone. The bulls even pumped the price above the $80 level, outperforming both bitcoin and ethereum. However, the price faced sellers near the $85 zone. A high was formed near $85.08 and the price is now consolidating gains. Litecoin price is now trading above $70 and the 100 simple moving average (4-hours). There was a minor decline below the 23.6% Fib retracement level of the upward move from the $70.57 swing low to $85.08 high. Besides, there is a major bullish trend line forming with support near $74.00 on the 4-hours chart of the LTC/USD pair. Source: LTCUSD on TradingView.com On the upside, an immediate resistance is near the $82.00 level. The first major resistance is near the $83.20 level. The main resistance is near $85. If there is a clear break above the $85 resistance, the price could start a strong increase. In the stated case, the price is likely to continue higher towards the $92 and $95 levels. Any more gains might send ltc price towards the $100 resistance zone. Dips Supported in LTC? If Litecoin price fails to clear the $82.00 resistance level, there could be a downside correction. An initial support on the downside is near the $80 level. The first major support is forming near the $77.80 level. The stated level is near the 50% Fib retracement level of the upward move from the $70.57 swing low to $85.08 high. Any further losses may perhaps send the price towards the $74 support in the coming sessions. Technical indicators: 4-hours MACD – The MACD is slowly losing pace in the bullish zone. 4-hours RSI (Relative Strength Index) – The RSI for LTC/USD is currently above the 50 level. Major Support Levels – $78.00 followed by $74.00. Major Resistance Levels – $82.50 and $85.00.
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Cardano (ADA) Price Analysis: Bulls Aim Fresh Increase Above $0.335

ADA price seems to be forming a support base above the $0.30 level against the US Dollar. The price is now trading above $0.312 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.314 on the 4-hours chart (data feed via Bitfinex). The price could gain ... The post Cardano (ADA) Price Analysis: Bulls Aim Fresh Increase Above $0.335 appeared first on Live Bitcoin News .
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Where To Invest In 2023: OKB (OKB) vs. Flasko (FLSK) vs. KuCoin Token (KCS)

The post Where To Invest In 2023: OKB (OKB) vs. Flasko (FLSK) vs. KuCoin Token (KCS) appeared first on Coinpedia Fintech News Only a small number of cryptocurrency projects had the potential to affect the industry before they ever debuted significantly. The two well-known examples are KuCoin Token (KCS) and OKB (OKB). These coins are currently up against a new foe who could surpass them in the standings. Flasko is a new cryptocurrency gaining popularity, and investors …
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Ethereum Price Hints At Potential Correction, Buy The Dip?

Ethereum failed again to settle above the $1,300 resistance against the US Dollar. ETH is moving lower and might soon test the $1,220 support zone. Ethereum attempted another upside break above $1,300, but failed. The price is now trading below $1,280 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,272 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct further lower, but the $1,220 support is the key. Ethereum Price Corrects Lower Ethereum price made another attempt to surpass the $1,300 resistance zone. However, ETH struggled to gain momentum above the $1,300 level. A high was formed near $1,304 and the price started a downside correction, similar to bitcoin. The price declined below the $1,280 support zone and the 100 hourly simple moving average. Besides, there was a break below a key bullish trend line with support near $1,272 on the hourly chart of ETH/USD. Ether price traded as low as $1,248 and is currently consolidating losses. There was a minor increase above the $1,260 level. The price climbed above the 23.6% Fib retracement level of the recent decline from the $1,304 swing high to $1,248 low. An immediate resistance on the upside is near the $1,270 level and the 100 hourly simple moving average. The first major resistance is near the $1,275 level. It is near the 50% Fib retracement level of the recent decline from the $1,304 swing high to $1,248 low. Source: ETHUSD on TradingView.com A close above the $1,275 resistance might send the price further higher. The next major resistance is near the $1,300 level, above which ether price might test $1,320. Any more gains might send the price towards the $1,400 resistance zone. Retest of a Key Support by ETH? If ethereum fails to start another increase above the $1,275 resistance, it could continue to move down. An initial support on the downside is near the $1,250 level. The next major support is near the $1,220 level. If there is a break below $1,220, the price could test the $1,165 support. Any more losses could lead the price towards the $1,100 support. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,220 Major Resistance Level – $1,275 Featured image from iStock
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November 2022 – Ethereum Number of New Smart Contracts Fell by 58%

Key data Average Ethereum (ETH) gas price increased by 1.8% in November. The number of ERC-20 tokens created in the Ethereum network in November decreased by 58%. Average number of Ethereum transactions per day has been declining for more than six months now. In November, the average number of Ethereum blocks per day has changed by The post November 2022 – Ethereum Number of New Smart Contracts Fell by 58% appeared first on The Daily Hodl .
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Bitcoin (BTC) Sees Another Hash-Ribbon Inversion, Why Investors Need to be Cautious?

Over the last month and more, the Bitcoin (BTC) hashrate has been on the downturn with miners struggling to continue their operations amid the strong correction. The Bitcoin network is likely to see its largest mining difficulty adjustment in over a year. On-chain data provider Glassnode reports: “The #Bitcoin protocol has just decreased mining difficulty The post Bitcoin (BTC) Sees Another Hash-Ribbon Inversion, Why Investors Need to be Cautious? appeared first on CoinGape .
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India’s Central Bank Digital Currency Should Be Able to Do Anything Cryptocurrency Can Do With No Risk, Official Claims

An Indian central bank official claims that if there is anything cryptocurrencies like bitcoin and ether can do, the Reserve Bank of India (RBI) should be able to create a product that will do the same job without the associated risks. “This is essentially what we are doing in the CBDC experiments,” he stressed. RBI
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Binance Coin Price Prediction 2023-2025: When Will BNB Coin Hit $500 Mark?

The post Binance Coin Price Prediction 2023-2025: When Will BNB Coin Hit $500 Mark? appeared first on Coinpedia Fintech News Binance, one of the largest crypto market exchanges, has gained immense popularity in recent times. Binance Coin, the native token designed primarily as a utility token, has now secured a spot in the top five rankings in terms of market capitalization. Moreover, the Binance Coin price is believed to maintain a firm upswing in the coming …
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cointelegraph

Rumors of a new native 'Twitter Coin' emerge while Dogecoiners remain hopeful

Online tech sleuths claim to have uncovered a secret new project on Twitter, which is being referred to as "Twitter Coin."

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Rumors of a new native 'Twitter Coin' emerge while Dogecoiners remain hopeful

Online tech sleuths claim to have uncovered a secret new project on Twitter, which is being referred to as "Twitter Coin."
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Dogecoin Price Hints At A Potential Correction To $0.09; Buy This Dip?

Following the recent recovery, the dogecoin price shows signs of rejection at $0.11 resistance. This potential reversal may retest the flipped support of $0.09 to validate whether the price can sustain higher levels or not. But what if the holders lose this support? Key points: A possible retest to the $0.09 support may provide suitable The post Dogecoin Price Hints At A Potential Correction To $0.09; Buy This Dip? appeared first on CoinGape .
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First Mover Asia: Bitcoin Falls on Inflation Fears but Continues Its Ride Above $17K

ALSO: Sam Reynolds writes that Taiwan-based technology conglomerate HTC is looking to take its virtual headset business public as part of a quest to help cultivate the metaverse. But is the company going in the wrong direction?
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Bitcoin Price Analysis & Prediction (Dec 5th) – BTC Continues to Trade in a Tight Range as It Waits for a Break

Starting this month on a bullish note, Bitcoin’s price will likely climb back to $20k in the coming weeks. The price touched $17320 yesterday, dropped briefly, and charged back – a potential recovery lies ahead. The aftermath of the FTX saga caused a lot of FUD in the crypto market, as Bitcoin dramatically crashed to The post Bitcoin Price Analysis & Prediction (Dec 5th) – BTC Continues to Trade in a Tight Range as It Waits for a Break appeared first on NullTX .
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BNB Chain crosses major dApp milestone; will this popularity help BNB’s next rally

BNB Chain’s dApps performed well in the current market, with PancakeSwap capitalizing on the World Cup hype However, BNB’s volume and velocity depreciated over the last month BNB Chain’s dApps grew over different sectors over the last week. According to a tweet posted by BNB Chain’s official account on 5 December, dApps such as The
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US consumer watchdog probes crypto firms over deceptive ads

The Federal Trade Commission is investigating several unnamed crypto firms over possible misconduct in the advertisement of digital assets.
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cointelegraph

US consumer watchdog probes crypto firms over deceptive ads

The Federal Trade Commission is investigating several unnamed crypto firms over possible misconduct in the advertisement of digital assets.

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CryptoCom and Coca Cola Launch NFT Collection Inspired by the FIFA World Cup Qatar 2022

The NFTs were created by GMUNK in partnership with CryptoCom and Coca-Cola and will explore different moments and aspects of the FIFA World Cup 'Qatar 2022'
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Ethereum Price Analysis: Rally Possible Above This Hurdle

Ethereum price is gaining pace above the $1,200 level against the US Dollar. ETH price is now trading above $1,220 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $1,240 on the 4-hours chart (data feed from Coinbase). The pair could climb further if it clears ... The post Ethereum Price Analysis: Rally Possible Above This Hurdle appeared first on Live Bitcoin News .
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Bitcoin mining difficulty falls 7.2% in sign unprofitable machines are being unplugged

The bitcoin mining network has experienced the largest drop in difficulty since last year when China banned miners from the country.
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Bitcoin Price Lacking Momentum Above $17k, BTC Holders Are Safe: Here’s Why

Bitcoin price extended its increase and tested the $17,500 resistance. BTC corrected gains, but it remains well supported above the $16,800 support. Bitcoin extended its upward move above $17,100 and $17,300 resistance levels. The price is trading near $17,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $17,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $16,800 support to start a fresh increase. Bitcoin Price Remains Supported Bitcoin price settled above the $17,000 resistance zone and extended its increase. BTC was able to clear the $17,100 and $17,200 resistance levels. The price even spiked above $17,400 and traded close to the $17,500 resistance zone. However, the bears were active near the $17,500 resistance zone. A high was formed near $17,440 and the price started a downside correction. Bitcoin price declined below the $17,200 level and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $17,050 on the hourly chart of the BTC/USD pair. The price traded as low as $16,888 and is currently rising. It is trading near $17,000 and the 100 hourly simple moving average. It is trading above the 23.6% Fib retracement level of the recent decline from the $17,440 swing high to $16,888 low. On the upside, an immediate resistance is near the $17,165 level. It is near the 50% Fib retracement level of the recent decline from the $17,440 swing high to $16,888 low. The first major resistance is near the $17,250 zone, above which the price may perhaps start another steady increase. Source: BTCUSD on TradingView.com In the stated case, the price could rise towards the $17,500 resistance. The next major resistance is near $17,650, above which the price rise towards the $18,000 zone in the near term. More Losses in BTC? If bitcoin fails to start a fresh increase above the $17,165 resistance, there could be more downsides. An immediate support on the downside is near the $16,850 level. The next major support is near the $16,800 zone. A downside break below the $16,800 support might call for a move towards $16,500. Any more losses might call for a test of the key $16,000 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now just below the 50 level. Major Support Levels – $16,800, followed by $16,500. Major Resistance Levels – $17,165, $17,250 and $18,000.
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Ripple CTO shuts down ChatGPT's XRP conspiracy theory

An AI chatbot alleged Ripple can secretly control its blockchain through an undisclosed backdoor in the network's code and has been ridiculed by the firm's CTO.
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cointelegraph

Ripple CTO shuts down ChatGPT's XRP conspiracy theory

An AI chatbot alleged Ripple can secretly control its blockchain through an undisclosed backdoor in the network's code and has been ridiculed by the firm's CTO.

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The Path To A Bitcoin Economy: Decentralized Bitcoin-Backed Credit

Bitcoin-backed credit built with DeFi represents a stronger and more practical vision of "bitcoin free banking" originally described in 2010 by Hal Finney.
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Cardano: Reasons ADA may have to do more than just fend off the winter bears

Cardano continued to build on its network despite the bear market It witnessed growth in the NFT and DeFi space; revenue collected by Cardano decline A 4 December tweet by IOHK stated that 108 projects had been launched on the Cardano network over the past week. Furthermore, the number of projects in development also witnessed
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Kentucky to scrutinize contracts offering cheaper electricity to miners

The Kentucky government is investigating whether the proposed discounted electricity for crypto miners will raise electricity costs for Kentucky residents.
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cointelegraph

Kentucky to scrutinize contracts offering cheaper electricity to miners

The Kentucky government is investigating whether the proposed discounted electricity for crypto miners will raise electricity costs for Kentucky residents.

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cointelegraph

Bitcoin price recovery possible after record realized losses and leverage flush out create a healthier market

On-chain analysis highlights a slow down in selling and improving investor sentiment which could help BTC price recover.

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cointelegraph

US House committee chair pushes back against SBF's excuse to potentially delay testimony

"It is imperative that you attend our hearing on the 13th, and we are willing to schedule continued hearings if there is more information to be shared later,” said Maxine Waters.

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cointelegraph

Bitcoin bears beware! BTC holds $17K as support while the S&P 500 drops 1.5%

BTC whales and market makers are holding their leveraged long positions, even though BTC failed to break above $17,400 on Dec. 5

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cointelegraph

Nexo leaving US, says country lacks clear regulations

The crypto lending platform says it will no longer accept new registrations, and operations for existing customers will eventually be wound down.

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cointelegraph

Price analysis 12/5: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT

Crypto markets appear to be losing some of their recent bullish momentum, but a favorable tailwind from equities markets could catalyze a breakout in Bitcoin and select altcoins.

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cointelegraph

Metaverse comes in second place as Oxford's word of the year

The term describing an internet-enabled virtual world lost to "goblin mode" in 2022 — "a type of behavior which is unapologetically self-indulgent, lazy, slovenly, or greedy."

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cointelegraph

Central bank plans to make CBDC 'only legal digital tender' in Indonesia, says gov

“Collaboration and synergy on national and international level is critical to the development of Digital Rupiah,” said Perry Warjiyo.

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cointelegraph

Maple Finance cuts ties with Orthogonal Trading over alleged misrepresentation of finances

Maple’s decision comes after Orthogonal Trading admitted on Dec. 3 that it was unable to meet loan repayments following the collapse of FTX and its partner Alameda.

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cointelegraph

Treasury officials would have done more for national security by leaving Tornado Cash alone

Tornado Cash contributes to our national security interests more than it undermines them.

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cointelegraph

Vitalik Buterin discusses his excitement for the future of Ethereum

The Ethereum co-founder was bullish on the rise of decentralized blockchain identities to safeguard user privacy.

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cointelegraph

Malta prepares to revise regulatory treatment of NFTs

The revision seeks to remove nonfungible tokens from Malta's Virtual Financial Assets framework.

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cointelegraph

How can UK-based businesses accept Bitcoin?

Through Bitcoin payment processors like BitPay, businesses in the UK can offer BTC as a payment method during checkout.

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cointelegraph

USDC issuer Circle terminates SPAC merger with Concord

The deal previously valued Circle at $4.5 billion in July 2021 before an upward revision to $9 billion in February 2022.

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cointelegraph

Brazilian crypto industry gets regulatory clarity amid global uncertainty

The recent regulatory framework from the Brazilian Congress will benefit the country’s financial institutions and bridge local liquidity with global markets.

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cointelegraph

BTC price levels to watch as Bitcoin holds $17K into the Wall Street open

BTC price strength allows cautious traders to outline targets above $17,500.

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cointelegraph

Litecoin eyes $100 after 'rare' LTC price breakout

MoneyGram's decision to integrate Litecoin into its crypto services and the coin's upcoming halving event has served as catalysts behind LTC's price rally.

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cointelegraph

SEBA Bank partners with HashKey for institutional crypto adoption

The two firms will create solutions for institutional investors seeking to dive into the crypto ecosystem.

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cointelegraph

Crypto layoffs trigger mixed responses from the community

From giving encouragement to trying to recruit the laid-off staff, crypto community members posted various responses to recent crypto layoffs.

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cointelegraph

Crypto community baffled by SBF dictating terms over congressional hearing

Many in the crypto community pointed towards Bankman-Fried’s political donations and good Democratic connections via his parents, being one of the key reasons for him to evade arrest.

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cointelegraph

Audit firm Mazars to verify KuCoin’s proof of reserves

Mazars, the former accounting firm for Donald Trump’s companies, was hired recently to audit Binance’s PoR.

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cointelegraph

Standard Chartered forecasts ‘surprise’ Bitcoin downside after FTX collapse

Multinational bank Standard Chartered considers potential downside for Bitcoin in 2023 as the cryptocurrency ecosystem weathers the collapse of FTX.

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cointelegraph

Pakistan launches new laws to expedite CBDC launch by 2025

The State Bank of Pakistan signed in new laws for Electronic Money Institutions — non-bank entities offering digital payment instruments — to ensure the timely issuance of a CBDC in the next three years.

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cointelegraph

‘Imminent’ crash for stocks? 5 things to know in Bitcoin this week

Bitcoin gets a boost from a declining U.S. dollar, but BTC price action is anything but straight bullish, say analysts.

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