News Summary: August 31 – September 6
As Nuno goes more in depth about in this article, cloud mining is becoming an increasingly popular option for miners, veterans and people new to the game alike, as the difficulty of mining increases, with subsequently the cost of entry rising as well. In the interview, Hash Profit team goes over mining operations, hardware used, etc. Full article can be read here. Coming from the same company that brought you countless other services, Bills Ninja is from Satoshi Citadel. They specialize in getting the Philippines market into Bitcoin, with one area that could really benefit from Bitcoin....
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If you don’t what the Bit Drop is, essentially it is a event sponsored by Coinapult , which we have interview before, Aspen Assurance, and Bitcoin Beauties just to name a few. On 3/14/15 at 9:26 a.m, Dominica will send Bitcoin to every resident via SMS some Bitcoin, over 70,000 strong. Not only has it made news in the Bitcoin community, it has also made news in some more mainstream channels. I was lucky enough to talk to talk to Sarah over at the Bit Drop. Read the comprehensive interview here. Nuno interviewed Jason Lukasiewicz, the CEO of Coinsetter. Coinsetter is a Wall Street based....
International markets are uneasily relaxed today, as investors and speculators position for a September Fed rates hike. Chinese Yuan devaluation surprised markets last week and may have a subtle influence on that hoped-for September outcome. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates. Commodities. In the Calendar This Week. Mon 17 August. Japan Prelim GDP q/q (actual: -0.4% expected: -0.5% previous: 1.0%). Tue 18 August. UK CPI y/y (expected: 0.0% previous: 0.0%). US Building Permits....
Cryptocurrency supporters all around the world are celebrating the fact that today is the 12th anniversary of the Bitcoin white paper, a summary of the invention created by the pseudonymous inventor Satoshi Nakamoto. Bitcoin’s inventor published the paper on metzdowd.com’s Cryptography Mailing list and ever since then, the financial world hasn’t been the same. 12 years ago, Satoshi Nakamoto decided to let the world in on Bitcoin, the peer-to-peer electronic cash system that took the world by storm. The very first time Nakamoto published the paper was at 2:10 p.m. Eastern....
Serious cold feet over the outlook for monthly timeframes with September historically a "red" month. BItcoin (BTC) is on track to see its worst August performance since the 2015 bear market — and next month may be even worse.Data from on-chain analytics resource Coinglass shows that BTC/USD has not had an August this bad for seven years.September means average 5.9% BTC price lossesAfter two major BTC price comedowns in recent weeks, Bitcoin hodlers are understandably fearful — but historically, September has delivered even worse performance than August.At $20,000, BTC/USD is down 14% this....
After non-fungible token (NFT) sales soared during the month of August, the first week of September’s NFT sales has been awful. Statistics show the number of sales in mid-August tapped a high of 193,693 sales but plummeted 86% to 27,053 sales on September 10. Metrics from the most used marketplaces show that volume has slid considerably following the same fallout cryptocurrency market have felt during the last four days.
NFT Sales and Trade Volumes Plummet
So far, September has not been the best month for NFTs and sales in this space. Last month, non-fungible token (NFT)....