Archives: Januar 2023

Bitcoin Mining Difficulty Hits New All-Time High

• Bitcoin Mining Difficulty has hit an all-time high of 39.35 TH/s
• The next difficulty adjustment is expected to be a 3.63% increase, which would set a new ATH
• Bitcoin price has seen some pullback with the difficulty adjustment, but it remains above its 100-day and 200-day moving averages

Bitcoin Mining Difficulty Reaches New All-Time High

The bitcoin mining difficulty has once again clocked a new all-time high on January 29. The 4.68% adjustment pushed the difficulty to 39.35 terahash per second over seven days, surpassing its previous record of 37.59 TH/s recorded on January 16th. The next adjustment is forecasted to take place on February 11 and increase by 3.63%, setting yet another ATH for the digital asset.

Implications of the Difficulty Increase

The increasing difficulty implies that more miners are plugging back into the network, securing it further and driving demand for bitcoin higher in the process. As BTC gets harder to mine, miners must up their hashrate in order to efficiently produce the same output as before.

Bitcoin Price Pullback

The bitcoin price experienced a drawdown after the difficulty adjustment, as there was resistance at $24,000 which added more selling pressure on BTC. However, it still remains above its 100-day and 200-day moving averages – both key support levels – indicating that it is still firmly within a bullish trend overall.

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Conclusion

The recent bitcoin mining difficulty increase shows that more miners are joining the network and actively competing to secure it further while driving demand for BTC higher in the process. Despite seeing some pullback due to resistance at $24k, BTC remains above its long term support levels which indicates that it’s still strongly within an uptrend overall – good news for holders of this digital asset!

Feds Seek Tighter Bail For Disgraced FTX CEO Sam Bankman-Fried

Bullet Points:
• Federal prosecutors of the Southern District of New York are seeking tighter bail conditions for Sam Bankman-Fried, the disgraced founder and former CEO of FTX.
• Investigators discovered that Bankman-Fried had messaged the general counsel of FTX US via Signal, an instant messaging app.
• Prosecutors allege that these messages were suggestive of an effort to influence a witness’ potential testimony, and are asking the overseeing judge to prevent Bankman-Fried from communicating with potential witnesses.

Federal prosecutors of the Southern District of New York are seeking tighter bail conditions for Sam Bankman-Fried, the disgraced founder and former CEO of FTX. This comes after an investigation revealed that Bankman-Fried had messaged the general counsel of FTX US via Signal, an instant messaging app. Signal is a messaging platform that places a primary focus on security and privacy, and is run as a non-profit managed by a foundation. Over 40 million people use it, and per court filings, Bankman-Fried is one of them.

Investigators discovered that Bankman-Fried had messaged the general counsel of FTX US via Signal, on January 15. The message allegedly asked the general counsel if they could “reconnect”, and if “there’s a way for (for them) to have a constructive relationship, use each other as resources.” Prosecutors allege that these messages were suggestive of an effort to influence a witness’ potential testimony, and are asking the overseeing judge to prevent Bankman-Fried from communicating with potential witnesses.

The current case against Bankman-Fried is highly complex and serious. With the new evidence brought forth by the investigation, federal prosecutors are seeking to impose tighter bail conditions on the defendant. This could include restrictions on Bankman-Fried’s electronic communication, as well as tighter surveillance to ensure he does not try to influence potential witnesses.

The outcome of this case could have a significant impact on the future of Bankman-Fried, as well as the industry as a whole. It is important that justice is served, and the alleged actions of Bankman-Fried are thoroughly investigated. It remains to be seen what the outcome of this case will be, and what the repercussions of Bankman-Fried’s actions will be.

Polkadot (DOT) Price Recovery: Eco-Friendly Quality Drives Positive Momentum

• Polkadot (DOT) is currently showing signs of price recovery.
• According to Coingecko, DOT price has increased by 4% in the last 24 hours.
• Polkadot’s eco-friendly quality can drive positive momentum for the coin.

Polkadot (DOT) is showing signs of price recovery and is currently in the green. It is trading at $6.50 as of press time, after a 4% increase in the last 24 hours according to Coingecko. The coin had a rough time in January, unable to reach its pre-FTX levels, but it is now showing signs of improvement.

One of the main reasons for Polkadot’s recovery could be its eco-friendly quality. According to the CCRI Report 2022, Polkadot was ranked second in terms of the total yearly electricity consumption, only followed by US Household. This eco-friendly feature of Polkadot can drive a change in public sentiment, switching it from negative to positive.

The sentiment around Polkadot was negative last December due to its low price, but the coin has now gained some momentum and is expected to reach new highs. This could be attributed to the fact that Polkadot has the lowest electricity consumption rate compared to other cryptocurrencies. Polkadot also shows a spike in development activity, which means that the coin is well-positioned for long term gains.

Overall, Polkadot is showing a lot of promise and is expected to reach new highs in the coming months. Its eco-friendly quality has made the coin more attractive to investors, and its low electricity consumption rate makes it a great choice for those looking for a sustainable cryptocurrency. As the development activity around Polkadot continues to increase, the coin is expected to gain even more traction in the near future.

Shiba Inu Plummets 6%, Litecoin Regains Market Cap Lead

• Shiba Inu has seen losses of 6% in the past 24 hours, resulting in Litecoin regaining its position over the meme coin in terms of market cap.
• SHIB is currently trading around $0.00001132, down 8% in the past week, while Dogecoin has observed a decline of less than 2%.
• Bitcoin has recorded profits of 7% in the same period.

The crypto market has been on a roller coaster ride in the past few days, with the top cryptocurrencies seeing a mix of both losses and gains. One particular coin that has seen losses recently is Shiba Inu, the meme coin that had been flipped by Litecoin in terms of market cap recently.

At the time of writing, Shiba Inu is trading around $0.00001132, down 6% in the past 24 hours. This comes after the coin had been on an upward trend since the beginning of the month, with SHIB recording a 40% increase in value year-to-date. Despite the recent losses, the coin is still up 8% in the past week.

For comparison, rival coin Dogecoin has only seen a decline of less than 2% in the same period, while Bitcoin has recorded profits of around 7%. This begs the question of what caused Shiba Inu to suddenly plummet in price.

According to crypto whale tracker service WhaleStats, Shiba Inu has been the most traded token among the top 100 Ethereum wallets. This could be a sign that large-scale investors may have been cashing out of the coin, leading to the sharp drop in price. Additionally, the coin’s low liquidity could also be to blame, as this means that even small trades can have a significant impact on the coin’s price.

Despite the recent losses, it is important to note that Shiba Inu is still up 40% since the beginning of the year. Additionally, the coin’s price still remains significantly higher than it was back in April when it was trading around $0.0000065. So while the short-term is looking bearish for SHIB, the long-term may still be bullish for the coin.

Positive Attitude Towards Aging Linked to Better Health and Longevity

1. The study found that having a positive attitude towards aging can help people live longer and healthier lives.
2. The study participants with positive aging attitudes had fewer deaths from cardiovascular disease and cancer, and fewer disabilities in old age.
3. The participants with negative aging attitudes had more health problems and experienced more disabilities as they aged.

A recent study has found that having a positive attitude towards aging can have profoundly positive effects on health and longevity. The study involved a large sample of adults over the age of 65, and the researchers looked at their attitudes towards aging and their overall health. The results showed that individuals with a positive attitude towards aging had significantly fewer deaths from cardiovascular disease and cancer, and fewer disabilities in old age. In contrast, the participants with negative attitudes towards aging had more health problems and experienced more disabilities as they aged.

The study’s findings suggest that having a positive attitude towards aging can have tangible health benefits. The researchers believe that this is because positive attitudes towards aging can inspire older adults to take better care of themselves and to be more active. In addition, having a positive attitude can boost mental health and well-being, which can have a positive impact on physical health. The study’s authors believe that their findings can help to improve the lives of older adults by encouraging them to adopt a more positive attitude towards aging.

Bitcoin Unfazed By Genesis Bankruptcy, Remains Above $20K

• Bitcoin has not reacted negatively to the news of Genesis filing for bankruptcy and continues to trade around the $20,900 level.
• This suggests that the price of the digital asset is where it is supposed to be, and it would take a true market-disrupting event to trigger another downtrend for BTC.
• This means that a fall below $20,000 could be farther away than the bears would like, putting the cryptocurrency in a position for more upside rather than decline.

The news that Genesis, one of the world’s largest crypto lenders, has filed for bankruptcy came as a shock to many in the crypto space. However, despite the dire circumstances, Bitcoin has proven resilient and appears to be unfazed by the news. The digital asset continues to trade around the $20,900 level, suggesting that the price of the digital asset is where it is supposed to be and that it would take a true market-disrupting event to trigger another downtrend for BTC.

Genesis had been considering filing for bankruptcy for quite some time and had been exploring its options. This means that the bias and fear that such news would carry has already been digested by participants in the space, and thus the price of bitcoin has not reacted negatively. This could indicate that the news was already priced into the asset, and as such, there is more support for the current bull rally.

The lack of negative movement from bitcoin in response to the news of the Genesis bankruptcy could cement the digital asset’s path to the upside in the coming weeks. This suggests that a fall below $20,000 could be farther away than the bears would like, putting the cryptocurrency in a position for more upside rather than decline. As such, investors should be on the lookout for any potential opportunities that could arise as a result of the news.

Overall, the news of the Genesis bankruptcy has not had a major impact on the price of bitcoin. This lack of negative movement could mean that the digital asset is heading for more upside in the near future, with the potential for a dip below the $20,000 level becoming increasingly unlikely. As such, investors should be sure to stay alert for any potential opportunities that could arise from the news.

Shiba Inu Set to Launch Shibarium on Valentine’s Day, SHIB Prices Soar

• Shiba Inu (SHIB) is set to launch its eagerly awaited layer 2 scaling solution Shibarium on Valentine’s Day, February 14.
• SHIB has risen almost 4% in the last 24 hours and 21% within the last week, with the price currently standing at $0.00001249.
• BitStarz Player Lands $2,459,124 Record Win!

The crypto market is eagerly awaiting the launch of Shiba Inu (SHIB)’s layer 2 scaling solution, Shibarium, and the lead developer, Shytoshi Kusama, has hinted at a Valentine’s Day launch date.

Kusama revealed the date in his Twitter bio, writing: „Tending the Pine Tree of Life. Quickly learning to play the flute before putting Shibarium in a heart shaped box with a bow.“ This was an unmistakable clue that the beta version of Shibarium will be released on February 14th.

The anticipation of the launch has already had an effect on SHIB’s price, as it has risen almost 4% in the last 24 hours and 21% within the last week, with the price currently standing at $0.00001249. Trading volume was around $305 million within the last 24 hours, representing a -55% decrease against the previous time period. Year-to-date (YTD), SHIB is up about 43% at the current price, the highest level since early November 2022.

This launch comes on the heels of a record-breaking win by a BitStarz Player, who landed a $2,459,124 jackpot on the popular online casino. This has been a great start to the year for the crypto market, with SHIB’s upcoming Shibarium launch adding to the excitement.

Many in the crypto community are looking forward to the launch of Shibarium, as it will provide much-needed scalability solutions for SHIB. With Valentine’s Day just around the corner, the Shiba Inu community is hoping that Kusama’s cryptic clues are true and that they will soon be able to enjoy the benefits of the new layer 2 scaling solution.

In the meantime, the crypto market is abuzz with the news of the massive BitStarz win, and with SHIB continuing to rise in price, it looks like 2021 is off to a great start for the crypto world.

Bitcoin Breaks Through Realized Price: $22,400 Could Be The Level To Watch

• According to the latest weekly report from Glassnode, Bitcoin broke through all three realized prices of the market back in April 2019.
• The realized cap is a capitalization model for Bitcoin that values each coin in circulation at the price it was last transacted.
• All investors in the market can be divided into two major cohorts: the „short-term holders“ (STHs) and the „long-term holders“ (LTHs).

As Bitcoin continues its strong rally, $22,400 could be the level to watch next, if this on-chain metric is anything to go by. To understand why, it is important to first understand the concept of „realized price.“ Realized price is derived from the realized cap, which is a capitalization model for Bitcoin that values each coin in circulation at the price it was last transacted. This is different from the usual market cap, which puts the value of all tokens at the same current price of Bitcoin. When the market cap is divided by the total number of coins in circulation, the BTC price is obtained. However, if the same idea is applied to the realized cap, a sort of „realized price“ can be derived. The significance of this price is that it is the cost basis of the average holder in the Bitcoin market.

The implication of this is that if the (normal) price of BTC declines under this realized price, the average investor can be thought to have entered into a state of loss. All investors in the market can be divided into two major cohorts: the „short-term holders“ (STHs) and the „long-term holders“ (LTHs). The former includes investors who acquired their coins less than 155 days ago, while the latter are those who held their coins for longer than 155 days. According to the latest weekly report from Glassnode, the long-term holder realized price of Bitcoin is currently around $22,400, meaning that if Bitcoin’s price drops below this number, the average long-term holder may be in a state of loss.

Therefore, it appears that $22,400 could be the level to watch next for Bitcoin. If the price of Bitcoin falls below this level, then the average long-term holder may be in a state of loss. However, if the price of Bitcoin continues to rise, then it could be a sign of further bullish momentum for the market. Whatever the case may be, it is clear that the realized price of Bitcoin could have a major impact on the future of the market.

Crypto.com Cuts 20% of Workforce Amid Industry Weakness

• Crypto.com, a Singapore-based crypto exchange platform, has announced that it will be cutting 20% of its workforce.
• The layoffs come as a result of the current economic headwinds and industry situation.
• The exchange platform had previously laid off 260 employees in 2022, accounting for nearly 5% of its workforce.

Crypto.com, a Singapore-based crypto exchange platform, has announced that it will be cutting 20% of its workforce. The layoffs come as a result of the current economic headwinds and industry situation. This will be the second major layoff carried out by the company. Crypto.com had previously laid off 260 employees in 2022, accounting for nearly 5% of its workforce.

The decision to fire employees has been attributed to the broader market weakness and the FTX crash. The crash caused a misappropriation of customer funds and eventually bankruptcy, which has gone on to affect the industry considerably. Crypto.com CEO Kris Marszalek stated: “We grew ambitiously at the start of 2022, building on our incredible momentum and aligning with the trajectory of the broader industry. That trajectory changed rapidly with a confluence of negative economic developments.”

The exchange platform has not specifically mentioned the positions that were laid off. However, it is clear that the decision to fire employees was difficult for the company. In a blog post, Crypto.com Co-Founder and CEO Kris Marszalek mentioned that the platform must let go of 20% of its current employees. He also said that the company has taken steps to ensure that the layoffs are as minimally disruptive as possible.

The crypto industry has been hit hard by the recent wave of layoffs. Crypto.com is not the only company affected by the situation. Several other companies in the space have also had to let go of employees in order to stay afloat. Despite the difficult situation, Crypto.com says that it continues to perform well and that it has sufficient reserves for every single coin that the platform holds.

The decision to cut staff is a difficult one and it will be interesting to see how the company fares in the coming months. Despite the layoffs, the company remains optimistic about its future and is committed to providing the best service to its customers.

Explore Possibilities with Cardano’s Sidechain Toolkit: Create Custom Tokens & More!

• The Cardano Ecosystem team is releasing a software toolkit to let developers build their own sidechains.
• The toolkit will enable developers to select their consensus process and deploy decentralized applications, create smart contracts and transfer tokens between testing chains.
• IOG developers have already used the toolkit to build an Ethereum Virtual Machine (EVM)-compatible sidechain public testnet.

The Cardano Ecosystem team is hard at work to bring exciting new features and tools to the blockchain space. This month, they are set to release a software toolkit that will give developers the power to build their own sidechains. This is a major step forward for the blockchain industry and will open up a whole new world of possibilities.

The toolkit will enable developers to select their own consensus process. This is important for developers who want to experiment with different consensus algorithms, such as proof of stake or proof of work. It will also enable them to deploy decentralized applications, create smart contracts, and transfer tokens between testing chains.

The official technical documentation for the sidechain toolkit has already been released and IOG developers have used it to create a proof of concept on a public testnet. This is a fully compatible Ethereum Virtual Machine (EVM) sidechain and once the audit is complete, developers will be able to start using it to deploy their applications and smart contracts.

In addition to its sidechain capabilities, the toolkit also includes a number of other application-specific features. These include the ability to create custom tokens, launch decentralized exchanges, and develop custom consensus protocols.

The release of the sidechain toolkit is a major step forward for the Cardano ecosystem and opens up a world of possibilities for developers. It will enable them to create their own custom sidechains and explore new use cases for blockchain technology. With this toolkit, developers will be able to take advantage of the power of sidechains to build more scalable and secure applications.