Author: bitwiza

“MicroStrategy is the only Bitcoin spot exchange fund in the United States.” This was a statement MicroStrategy CEO Michael Saylor made at the Bitcoin 2022 conference in Miami. He also stated that “we are comparable to our nonexistent spot ETF.” The SEC approved ETFs that track futures contracts. However, they haven’t authorized the use of digital currency. This allows investors to invest in Bitcoin without signing up on an exchange, creating a cryptocurrency wallet, or handling complications associated with Bitcoin. “If a spot ETF existed, its fee ratio would be 1%, and it would not employ leverage. “We use MicroStrategy…

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Bitcoin has had a rough couple of weeks leading up to this moment and the effects of this are still being felt all across the board. This has seen bitcoin’s price crumble below $30,000 once more. Along with this fall has come some other brutal news for the digital asset. One of these has been the funding rates, whose massive dive has shown increasingly bearish momentum among the largest traders. Funding Rates Take A Dive The Bitcoin funding rates had been in a bit of a lull even as the price of BTC had begun taking its beat-down at the…

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Waning sentiment around strong economic growth caused the second day of sell-offs in broader markets on Thursday morning. Asian markets slide following a day of red in U.S. equities, leading to sell-offs in bitcoin (BTC) and other major cryptocurrencies. Bitcoin failed to regain support at $30,000 after falling below the level on Wednesday. The asset hovers over $29,000, with support at $27,000 should it lose current levels. Weakness in bitcoin spread to crypto majors, with Solana’s SOL and Cardano’s ADA losing as much as 9% in the past 24 hours to lead losses. Traders likely risked-off from major cryptocurrencies anticipating…

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In a positive twist for the nonfungible token (NFT) mania, Canadian singer Kiesza backs an NFT drop called MetaMoves in partnership with NFT marketplace Portion aiming to provide funds for patients who need prosthetics. In an interview with Cointelegraph, Kiesza said that being someone who experienced an accident, the singer empathizes with those who face the challenges of losing a limb. She explained that: “Movements are at the core of everything we do, as we understand the central role they play in people’s identities. […] You can only imagine how unbearable it would be to add to the mental and…

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In January, former Twitter CEO Jack Dorsey, who had left the leadership of the social network to devote himself body and soul to his new blockchain company Block (formerly Square), announced that the company was working on a new project involving open source ASICs for Bitcoin mining. We’re officially building an open bitcoin mining system ✨ https://t.co/PaNc7gXS48 — jack⚡️ (@jack) January 13, 2022 Open source Bitcoin mining from Jack Dorsey’s Block company Now everything would be ready to sell the first machines to mine Bitcoin in a completely decentralized manner. An ASIC (Application-Specific Integrated Circuit) is a microchip custom-designed for…

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Panama’s President Laurentino Cortizo on Thursday said he will not sign the pending crypto bill into law until strict anti-money laundering clauses are added to the bill. The decision put pressure on crypto exchanges and firms already preparing to enter the new market. Panama’s legislative assembly last month passed the bill regulating the use of cryptocurrencies and licensing crypto exchanges in the country. However, until the president signs the bill, the crypto adoption in Panama remains uncertain. Panama President Suspends Crypto Law Signing Panama’s President Laurentino Cortizo believes anti-money laundering rules are crucial for the country as Panama has been…

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Market cap of LUNA is down 97.6% from its all-time high. Terra 2.0 is an upcoming, new chain to be called Terra (token Luna – LUNA) We are living in the unpredictable world where exactly Cryptocurrencies are living, we are all diving into the Virtual world in an unimaginable way. The ongoing cryptocurrency market slam has been a talk for almost more than two weeks with many emotions. Firstly the winter season started with the Heart of the Cryptocurrency world, the Bitcoin (BTC) dropped by around 15% after the Federal Reserve imposed a tax increase on cryptocurrency. However, for the…

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Cardano price analysis is favoring the bullish side today as more buying activity has been observed during the last 24 hours. The price has increased to the level of $0.512 consequently as the bulls regained their strength after the strong correction noted yesterday. The bulls are still reigning the price function after a momentary gap as the bears were attempting to make a comeback. On the other hand, the price has decreased in the last 4-hours, yet, the general trend observed has been largely bullish for today. ADA/USD 1-day price chart: bears hinder the recovery process The 1-day Cardano price…

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Terra Founder Do Kwon put the Terra revival plan into motion as Terra users began voting on the revival proposal today. The “updated and final” revival plan was posted at 7:17 pm Hong Kong time and saw a significant majority vote in favor of the proposal. However, a preliminary vote was rejected by a landslide margin. Community Debates How To Move Forward As the crypto markets struggle to recover, Terra users are still in a quandary about their next steps and how to move forward from the recent debacle. Do Kwon, on his part, is hard at work to revive…

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Bitcoin (BTC) has bounced at a Fib support level after breaking down from a short-term structure. The direction of the trend is still unclear. Short-term BTC breakdown The two-hour chart shows that the price had been trading inside an ascending parallel channel since May 13. The price finally broke down from the channel on May 18. The breakdown from the channel was preceded by an RSI breakdown (green line) and a decrease below 50 (red icon). Such RSI movements usually precede a similar decrease in price and increase its significance. Currently, bitcoin has bounced at the 0.5 Fib retracement support…

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