Coinpedia News || Crypto and Fintech News
1.76K subscribers
9.26K photos
110 videos
1 file
10.7K links
Download Telegram
Proof-of-Work (PoW) coins are #cryptocurrencies that are secured through mining. Although proof of stake has since emerged as a less #energy-intensive alternative, proof of work is still used by many major coins.

The most prominent #PoW cryptocurrency is #Bitcoin. The Above Image Depicts The Top POW Cryptocurrencies by market cap Post #Merge.
#Crypto tokens were trading sharply higher on Tuesday after a solid beatdown for almost a week. #Bitcoin topped the $20,000 mark, whereas #Ethereum found some major move first time after the Merge.

The global #cryptocurrency market cap was trading higher at $967.5 billion, gaining more than 4.88% in the last 24 hours. However, the total trading volume zoomed almost 52%, close to $85.0 billion.
How Will the Price Be Affected If Demand for Shiba INU & Dogecoin Rises in the Upcoming Months?

The memecoin boom may soon begin as the investors shift their focus on Shiba INU & Dogecoin

An increase in trading volume could pave the way for a significant upswing before the end of 2022 because the prices are still highly consolidated.

Read More : https://coinpedia.org/price-analysis/how-will-the-price-be-affected-if-demand-for-shiba-inu-dogecoin-rises-in-the-upcoming-months/
Do Kwon, the founder of #Terraform Labs, claims he’s not on the run from South Korean authorities after the country’s prosecutors’ office said it had received an international #arrest warrant against him.

Further, South Korean prosecutors have reportedly asked #KuCoin and #OKX to freeze $67 million worth of #Bitcoin associated with Do Kwon and LFG. The #funds were allegedly moved to the exchanges shortly after a warrant was issued for Kwon's arrest.
📈 Have a look at Gary Wang who owns 16% of #FTX!!!

🔹 He even ranked #431 on the Forbes World’s #Billionaires list of 2022 with a net worth of $5.9 bn.

🔹 Gary Wang is the Co-Founder and CTO of FTX, the second largest Spot & Derivatives #Crypto Exchange globally.

🔹 He is a Massachusetts Institute of Technology graduate in #Mathematics and #Computer science.

🔹 He started his career as a #Software Engineer Intern at Facebook & Google.

🔹 Later, he joined Alameda Research as #CTO and Serum as an Advisor in Oct 2017.

🔹 In May 2019, he cofounded FTX with Sam Bankram-Fried which has grown to a 5 mn userbase, and its #revenue crossed $1.02 bn in 2021 with a net income of $388 mn.

🔗Read More: https://www.linkedin.com/feed/update/urn:li:activity:6980507663784689664
After a short-lived recovery on Tuesday, the #crypto market was back in deep red on Wednesday as the major crypto #tokens plunged sharply.

The global #cryptocurrency market cap was trading sharply lower at $914.20 billion, dropping more than 5% in the last 24 hours. However, the total #trading volume zoomed over 15%, close to $91.7 billion.

All top crypto tokens were trading sharply lower on Wednesday. #XRP plunged 10%, whereas Bitcoin, #Ethereum, #Solana and #Polkadot dropped 6% each.
SEC Knew Who is Satoshi Nakamoto? 👤

🔹 In a recent tweet, Fox Business reporter Eleanor Terrett makes the claim that the U.S. Securities and Exchange Commission and well known VC Tim Draper are aware of the true identity of Satoshi Nakamoto, the person who created Bitcoin.

🔹 Terrett made this assumption after obtaining a copy of former Director Bill Hinman's public calendar. It includes a meeting with Satoshi and Draper conducted by SEC official Valerie Szczepanik.

🔹 The meeting, was held on Aug. 23, 2017, Draper complained about getting targeted by a “convincing” Satoshi impostor who wasted a lot of his time.

🔹 However, it remains unclear whether the SEC’s officials realized that they were talking to a scammer.

🔹 Overall, the true identity of the person who invented Bitcoin is still a mystery.
#Cardano Turns 5!

Cardano took its first steps as a third-generation #blockchain designed to address the challenges inherent to previous generations. Here are some major key #milestones that helped define what Cardano is today

Check Now : https://www.instagram.com/p/CjDGqh4pkJU/
🚀 Here is the Bitstamp review, the 10th largest #crypto exchange by spot trading with a daily trading volume of $293.05 mn.

▪️ Founded in Aug 2011, one of the longest-running crypto #CEXs serves about 4 mn users across 100+ countries.

▪️ #Bitstamp’s founders are Damian Merlak and Nejc Kodrič.

▪️ Users have access to 78 cryptos, 170+ #trading pairs, and 3 fiat currencies.

▪️ Bitstamp’s #revenue as of July 2022 was $46.4 mn and in 2021, saw a 6.6% increase in total revenue from $51.89 mn to $55.35 mn.

▪️ Bitstamp's offerings include a #Desktop interface, #Mobile app, Bitstamp #Earn, #API connectivity, etc.

▪️ Bitstamp has raised $12.4 mn in 2 #funding rounds and has made 3 investments including Thalex.

🔗 Read More : https://www.linkedin.com/feed/update/urn:li:activity:6980871710321381376
After a sharp drop in the last few days, #crypto tokens regained some flair. Top crypto tokens were moving in tandem with other riskier assets, rising higher on Thursday.

The global cryptocurrency market cap was #trading significantly higher at $939.3 billion, jumping as much as 2.5 per cent in the last 24 hours. However, the total #trading volume tumbled over 12 per cent, close to $91.7 billion.

#Bitcoin, the largest cryptocurrency by market capitalization, was trading above $19,000.
Terra Classic (LUNC) is Going to Nuke - Altcoin Sherpa

As per the popular crypto analyst, Altcoin Sherpa Terra classic (LUNC) is Still a massive shitcoin.

The Analyst stated that he will buy LUNC for the short term, preferably if it falls to the key Fibonacci levels of 0.5 (50%) and 0.618 (61.8%).

I would only long at 0.50 and 0.618 as scalps. Look higher for any potential shorts; this one is going to nuke to hades eventually. Don’t buy this for the long term in my opinion. - Says Altcoin Sherpa.
We are elated to have joined hands with
@CoinMarketCap
. 🎉🚀

Thank you for making this possible. 📈

Join in for captivating talks around the crypto world.

🔗http://coinmarketcap.com/community/profile/CoinPediaNews
📈 10 years ago, a Frenchman got an idea that almost competes with the top #Crypto Exchanges today!!

🔸 Who was that guy?? Let’s take a small glimpse at him.

🔸 His career started as an #IT technician in Paris and Just after 3 years, he built his own exchange. Interesting!!

🔸 He is Raphael NICOLLE, Co-Founder of Bitfinex, the 8th largest Crypto Exchange for spot trading.

🔸 After his Engineering, realizing pyramid schemes are not likely good to invest in bitcoins… he discovered an idea to start his own #OTC desk & lending platform.

🔸 In 2012, he Co-Founded #Bitfinex, which initially started as a #P2P margin lending platform for #Bitcoin and now has grown to Derivatives, OTC trading, Spot #trading, Staking, Lending Pro, etc.

🔗 Read More : https://www.linkedin.com/feed/update/urn:li:activity:6981237883785424896
#Bitcoin price today, which is the world's largest and most popular cryptocurrency, was trading almost flat at $19,455.81. The global crypto market cap today remained below the $1 trillion mark, as it was flat in the last 24 hours at $942 billion.

On the other hand, #Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, slipped nearly a per cent at $1,329.98.
Is FTX CEO, Sam Bankman-Fried Interested in Buying Twitter?

According to Business Insider reports, FTX CEO Sam Bankman-Fried was interested in buying social media giant Twitter.

As per the reports says MacAskill, Bankman-Fried’s advisor, tried to organize a meeting with Tesla CEO Elon Musk to discuss the Twitter acquisition deal.

MacAskill said that the FTX head was willing to contribute as much as $15 billion.
Will Bitcoin (BTC) Price Drop To $12K in October? Decoding The Possibility

Top cryptocurrencies fail to pique traders’ interest, and the cryptocurrency market remains dominated by bears.

The price of bitcoin (BTC) is lagging behind even the $20k mark, hovering in a range of around $19,500. In spite of the adverse macro and market environment, the price of Bitcoin is up nearly 2%.

Read More: https://coinpedia.org/bitcoin/will-bitcoin-btc-price-drop-to-12k-in-october-decoding-the-possibility/
🚀 Do you know? Just in one single day on May 20, 2021, 5 mn users visited #Upbit!!

🔹 And Upbit is among the top 4 crypto exchanges that handle 90% of South Korea's #crypto trading volume.

🔹 Upbit is a Centralized Crypto Exchange launched by Dunamu, (one of the country's leading #fintech companies) in Oct 2017 by Song Chi-Hyung.

🔹 Just 2 months after the launch, Upbit became one of the largest exchanges by 24-hr trading volume.

🔹 Its users totaled 8.9 mn, more than double of 4 mn in Feb 2021.

🔹 In 2021, the revenue of #Dunamu amounted to ₩3.7 tn, up from around ₩177 bn as of 2020.

🔹 Upbit’s partnerships include Chainalysis Inc., Crystal Analytics, and more.

🔹 Upbit’s Offerings are an Exchange Platform and a Mobile App where users are allowed for Spot trading, #Staking, #NFTs, and more.

🔗 Read More: https://www.linkedin.com/feed/update/urn:li:activity:6981938510840680448
The #cryptocurrency market was back in the red on Monday after making a quick recovery over the weekend, bringing to mind the gloomy days of September when concerns about #inflation and the #recession hurt the markets the most.

The market capitalization of all cryptocurrencies was down slightly, #trading at $924.4 billion, having lost around 1.24% during the previous day. However, the overall trade #volume increased by about 24%, or $46.1 billion.

#Bitcoin was holding the $19,000-mark, whereas #Ethereum slipped below the $1,300-mark. #Cryptocurrencies followed stock market, which were lagging behind due to escalating worries.
Bitcoin Providing Historical Buying Opportunity – Here’s The Best Entry Levels To Watch

The price of bitcoin (BTC) has been moving sideways for the second week in a row due to the persistence of two bearish caps and the lack of new lows being made by the price action itself.

Is now the ideal moment to accumulate Bitcoin, nevertheless, given all the price drops?

Read More: https://coinpedia.org/bitcoin/bitcoin-providing-historical-buying-opportunity-heres-the-best-entry-levels-to-watch/
➡️ USD To Crash in a Few Months - Buy More bitcoin, Warns Robert Kiyosaki

► The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with a warning against U.S. dollar claiming “end is here” for fake money

► Robert predicted that the U.S. dollar will crash by January next year after the Federal Reserve pivots.

► As per robert Bitcoin, silver and gold are at best “buying opportunity” amid the strengthening United States dollar and continued interest rate hikes.

► In the september’s News Letter, Robert suggested his subscriber to invest in Cryptocurrencies in order to get huge returns over the long term.