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  • Bitcoin News - 3 October 2022, 11:00 am

    Monoverse, a blockchain game developer, announced the simultaneous listing of FDT (Frutti Dino Token), the governance token of its blockchain game Frutti Dino, which will list on global crypto exchanges Huobi Global and from October 5th. Huobi Global and announced on September 30th that FDT would be listed, and trade would begin on […]Read More

  • Bitcoin News - 3 October 2022, 9:30 am

    Central Bank of Russia has introduced digital assets, including the digital version of the Russian ruble, to the recently published draft of the new banking chart of accounts. In the future, financial institutions will be able to provide data about operations with these assets. Russian Banks to Record Digital Currencies as Assets in Their Accounting […]Read More

  • News - 3 October 2022, 9:28 am

    Some are arguing that it would be healthy to admit that Ether staking is not for everyone yet. After the Ethereum network’s transition to proof-of-stake (PoS), staking Ether (ETH) now plays a central role in validating blocks and securing the network. However, some community members believe that the staking process is too difficult, especially for regular people. In the Ethereum subreddit, a member of the community raised the topic of ETH staking and its difficulties. According to the user, it took them an entire weekend just to get things up and running. The user said that this may be something that those with “unforgiving” schedules can’t accommodate. They wrote: “The Ethereum community likes to sugarcoat usability but it’s healthier to just admit: this is not for everyone yet.”In response to the thread, another community member also shared their experience in staking ETH and reminisced on Ethereum’s early days. The user noted that blockchain interaction back then was also difficult before more user-friendly options came out. The community member also highlighted that setting up a node needs “more effort than we can expect the average person to put in.”Apart from the difficulties in setting up, the issue of bandwidth consumption was also brought up. Because of the high bandwidth consumption, a user said that there is a risk of being shut down by your internet service provider. Another user mentioned that the costs of going over the internet data cap can possibly kill any staking gains.Meanwhile, another community member disagreed, arguing that…Read More

  • News - 3 October 2022, 7:44 am

    Bitcoin has plenty of obstacles to weather in the current macro storm as two-year weekly close lows remain inches away. Bitcoin (BTC) starts a new week in a precarious place as global macro instability dictates the mood.After sealing a weekly close just inches above $19,000, the largest cryptocurrency still lacks direction as nerves heighten over the resilience of the global financial system.Last week proved a testing time for risk asset investors, with gloomy economic data flowing from the United States and, moreover, Europe.The eurozone thus provides the backdrop to the latest concerns of market participants, who are watching as the financial buoyancy of major banks is called into question.With the war in Ukraine only escalating and winter approaching, it is perhaps understandable that hardly anyone is optimistic — what could the impact be on Bitcoin and crypto? BTC/USD remains below its prior halving cycle’s all-time high, and as comparisons to the 2018 bear market flow in, so too is talk of a new multi-year low.Cointelegraph takes a look at five BTC price factors to watch in the coming days, with Bitcoin still firmly below $20,000.Spot price avoids multi-year low weekly closeDespite the bearish mood, Bitcoin’s weekly close could have been worse — at just above $19,000, the largest cryptocurrency managed to add a modest $250 to last week’s closing price, data from Cointelegraph Markets Pro and TradingView shows.BTC/USD 1-week candle chart (Bitstamp). Source: TradingViewThat prior close had nonetheless been the lowest since November 2020 on weekly timeframes, and as such,…Read More

  • Bitcoin News - 3 October 2022, 7:30 am

    A surge in the demand for foreign exchange and the general scarcity of the resource may be the reasons why the naira currency recently slumped to a new all-time low of 735 versus the U.S. dollar, a report has said. One Nigerian currency dealer said he expects the naira to further depreciate to 750 per […]Read More

  • News - 3 October 2022, 5:27 am

    The best-selling author of Rich Dad Poor Dad has tipped Bitcoin and two other commodities as buying opportunities, noting a U.S. dollar crash could occur by January. Robert Kiyosaki, businessman and best-selling author of Rich Dad Poor Dad, has called Bitcoin (BTC), silver and gold a “buying opportunity” amid the strengthening United States dollar and continued interest rate hikes. In an Oct. 2 Twitter post to his 2.1 million followers, the author noted the prices of the three commodities — sometimes referred to as “safe haven” assets — would continue getting lower as the United States dollar strengthens, proving its worth once the “FED pivots” and drops interest rates. BUYING OPPORTUNITY: if FED continues raising interest rates US $ will get stronger causing gold, silver & Bitcoin prices to go lower. BUY more. When FED pivots and drops interest rates as England just did you will smile while others cry. Take care— therealkiyosaki (@theRealKiyosaki) October 2, 2022 In a post the day before, Kiyosaki predicted this “pivot” could happen as soon as January 2023, which would see the U.S. dollar “crash” in the same way as the recently collapsed British pound.“Will the US dollar follow English Pound Sterling? I believe it will. I believe US dollar will crash by January 2023 after Fed pivots,” said Kiyosaki, adding he “will not be a victim of the F*CKed FED.”Since as early as May. 2020, Kiyosaki has been a proponent for asset classes that the Fed cannot directly manipulate, having once warned investors to…Read More

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