Category: Crypto for Beginners

Asia Express – Cointelegraph Magazine

faizimrd

RMB stablecoin team allegedly arrested On May 31, local news outlet PANewsLab reported that the developers for the offshore Chinese RMB and Hong Kong dollar stablecoin issuer CNHC had allegedly lost contact or had been taken away by law enforcement officials. A photo shows what appears to be an empty office building at CNHC’s Shanghai division with the following message posted: “The building’s assets have been seized by law enforcement; vandalism is prohibited.” In March, CNHC raised $10 million in its Series A, led by KuCoin Ventures, Circle, and IDG…

Read More

Dogecoin (DOGE) Daily Transactions Spike 8,220% in May, According to IntoTheBlock – The Daily Hodl

faizimrd

New data from the market intelligence platform IntoTheBlock reveals that the daily number of transactions over Dogecoin (DOGE) significantly spiked in May. According to the crypto analytics firm, the number of daily transactions over the popular dog-themed meme asset skyrocketed by a staggering 8,220% last month, hitting a peak of above two million, a new all-time high. “No, there’s nothing wrong with this chart. Daily Dogecoin transactions saw an 8,220% increase this month, from around 25,000 to a peak of 2.08 million last Saturday.” Source: IntoTheBlock/Twitter Earlier this month, blockchain…

Read More

Michael Novogratz says Bitcoin will soon be ‘off to the races’

faizimrd

Bitcoin ended May down 8.0% – its worth month since November. Galaxy Digital CEO Michael Novogratz is still bullish on BTC. He explained why this morning on CNBC’s “Squawk Box”. Bitcoin just had its worst month since late last year but Michael Novogratz – the Chief Executive of Galaxy Digital is keeping optimistic on the cryptocurrency. Novogratz shares his view on Bitcoin Novogratz attributed the recent weakness in BTC to a lack of participation from large-scale buyers or the institutional investors. But the billionaire investor talked of two recent developments…

Read More

Historic Signal Suggests Bitcoin (BTC) Could Be About To Go ‘Bonkers’ in Coming Weeks: InvestAnswers – The Daily Hodl

faizimrd

A popular crypto analyst believes the price action of Bitcoin (BTC) could take off within months if two key indicators cross. In a new update, the anonymous host of InvestAnswers tells his 444,000 YouTube subscribers that when the 50-week moving average retakes the 200-week moving average Bitcoin will likely soar. In technical analysis, this is known as a golden cross, which occurs when a short-term moving average rises above a long-term moving average. A golden cross, which is the opposite of a death cross, indicates the start of a sustained…

Read More

Scientists propose quantum proof-of-work consensus for blockchain

faizimrd

A team of researchers from universities in Australia and the United States, working in collaboration with quantum technology company BTQ, recently published research proposing a novel proof-of-work (PoW) scheme for blockchain consensus that relies on quantum computing techniques to validate consensus. Our new paper on using NISQ-era quantum sampling problems in proof-of-work blockchain consensus algorithms. In collaboration with @BTQ_Tech.https://t.co/MKAB2czqSk — Peter Rohde (@drpeterrohde) June 1, 2023 Dubbed “Proof-of-work consensus by quantum sampling,” the preprint research paper details a system that the authors claim “provides dramatic speedup and energy savings relative…

Read More

Bitcoin Trading Strategies: A Beginner’s Guide

faizimrd

Welcome to the world of Bitcoin, the revolutionary digital currency that has taken the financial industry by storm. Since its inception, Bitcoin has captured the imagination of investors, speculators, and tech enthusiasts alike. Its meteoric rise from obscurity to becoming a global digital currency phenomenon has sparked a revolution.  In this article, we will embark on a journey deep into the heart of Bitcoin trading, uncovering the secrets, strategies, and techniques that can potentially help you ride the digital gold rush. We will explore the dynamics of this fast-paced market,…

Read More