[ad_1] Bitcoin (BTC) recovered above $23,000 into July 22 as attention increasingly focused on the upcoming weekly close.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price needs to preserve at least $22,400Data from Cointelegraph Markets Pro and TradingView showed BTC/USD finding renewed strength after briefly dipping towards $22,000.The pair traded in a critical zone for bulls on the day, with the 50-day and 200-week moving averages (MAs) still yet to flip
[ad_1] There are many more things that can be built within the blockchain space, and the good news is that members of the community know what they are, said Tegan Kline, the co-founder at Edge & Node, the initial team behind The Graph (GRT). In a Cointelegraph interview, Kline discussed the crypto winter and made suggestions on what the community members should focus on while the markets are down. According to
[ad_1] Centralized crypto lender BlockFi disclosed that as of the end of Q2, it had $1.8 billion in outstanding loans from institutional and retail investors and $600 million in “net exposure.”The disclosure came from its July 21 Transparency Report for Q2 where the firm outlined its risks relating to liquidity and credit, and shared details on its institutional and retail loan portfolios. Of the outstanding loans to borrowers — valued
[ad_1] Mere weeks after announcing staff lay-offs and salary cuts, Compass Mining has unveiled expansion plans in the form of a 75 megawatt (MW) hosting partnership with Compute North for its data center in Granbury, Texas.The announcement on July 21 comes only a two weeks after the company retrenched 15% of its employees and implemented salary cuts for its top executives as a means to weather difficult market conditions. It
[ad_1] Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital has warned that making more than 200X returns on crypto investments is simply “not normal.”Speaking at the Christie’s Art + Tech Summit in New York on Wednesday, Novogratz warned listeners about the steep volatility of the crypto industry. “I had friends that had bought lots of crypto, and it had changed their lives — guys who didn't
[ad_1] Kali Durgampudi, the CTO of healthcare payments company Zelis, believes that the implementation of blockchain tech is vital for protecting patients' sensitive data from cybercriminals.Speaking with Health IT News on July 20, Durgampudi noted that some of the biggest issues in healthcare are privacy and data security as the industry works to digitize its “archaic paper-based processes.”“Blockchain technology has the potential to alleviate many of these concerns,” he said,
[ad_1] Residents in nations with volatile economies are more likely to receive their pay in crypto, according to global hiring platform Deel. In its “State of Global Hiring Report” shared with Cointelegraph on July 21, the firm found that despite the 2022 bear market, crypto represented 5% of all global payments withdrawn from the platform every month, up from 2% in the second half of 2021. Residents in nations with volatile economic
[ad_1] Since May 10, as much as 236,237 Bitcoin (worth $5.452 billion) has been sold by “large institutions” — mostly as a result of forced selling. A Twitter thread from Arcane Research analyst Vetle Lunde details how and when many institutional Bitcoin holders began selling their stacks. Lunde stated that “it all started with Do Kwon.” The Luna Foundation Guard (LFG), which controlled funds for the Terra project, dumped 80,081 BTC
[ad_1] Epic Games founder and CEO Tim Sweeney says his firm “definitely won’t” follow Minecraft's developers in banning non-fungible tokens (NFTs).As previously reported, Minecraft developers Mojang Studios banned NFT integrations on July 20 as it believes the speculative aspect of NFTs, along with scarcity and risks of exclusion and scams supposedly associated with NFTs being against the game’s principles. The move was seen as highly controversial in the NFT community,
[ad_1] Blockdaemon’s ETH ecosystem lead Freddy Zwanzger believes Ethereum will retain its leadership position in the crypto ecosystem over the coming years due to its utility as a smart contract platform and upgrades to the network following the Merge. Speaking to Cointelegraph during the Ethereum Community Conference (EthCC) this week, Zwanzger said:“It'll continue to be a leader. I mean, obviously, the first and most important smart contract platform, and that's not
