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Google Admits Crypto Winter Is Hurting Ad Business
27.10.2022
The digital asset market downturn that started the current crypto winter is negatively affecting search spending, Google has acknowledged. Ad growth in the third quarter fell to a low seen only once in almost a decade, the tech company revealed this week. With Fewer Crypto Ads, Google Registers...
Aptos Price Dump Incoming – 3 Low Cap Altcoin Alternatives Not Pumped by VCs
26.10.2022
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. The price of Aptos (APT) has fallen by 1% in the past 24 hours, dipping to $9.11. This represents a 33% decline for the new altcoin in the past week, at...
Yuan Taps New Low Versus US Dollar as Investors React to Endorsement of Chinese President’s Third-Term Bid
25.10.2022
The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s congress which gave President Xi Jinping the mandate to lead the country for the third time. Concerns over...
Volumes on crypto investment products drop to 2-year low: Coinshares
24.10.2022
Digital asset investment products recorded $5 million worth of cumulative weekly outflows in what Coinshare describes as an “apathetic period.”
Bitcoin’s Mining Difficulty Jumps 3.44% Higher Reaching Another Lifetime High
24.10.2022
Bitcoin recorded another mining difficulty rise on Sunday, October 23, 2022, at block height 760,032 rising 3.44% higher. This means that not only is it 3.44% harder to find a bitcoin block subsidy, the network’s mining difficulty has also reached another all-time high (ATH) by tapping 36.84...
3 Traders' Aptos Price Predictions and 3 Low Cap Altcoin Alternatives
23.10.2022
Some of the top crypto traders including Cold Blooder Shiller have tweeted bearish Aptos price predictions despite its rally to over $10.
The controversial new Layer-1 blockchain's APT token was listed on every major crypto exchange on October 19, following a private sale for venture capital...
Bitcoin Now Less Volatile Than Nasdaq and S&P 500 — Stock Markets More Reactive to Inflation, Strong Dollar, Rate Hikes, Energy Crisis
23.10.2022
Bitcoin’s volatility has fallen below that of the Nasdaq and the S&P 500, according to crypto data provider Kaiko. Compared to equity markets, cryptocurrency markets have become less reactive to volatile macro events, including high inflation, an appreciating dollar, rising interest...
Bitcoin’s Hashrate Remains Stronger Than Ever in the Face of Crypto Winter Prices and Sky High Difficulty
22.10.2022
Despite the fact that bitcoin miners are getting bare minimums in profits per petahash per second (PH/s), and the myriad of headlines showing specific mining operations folding from the crypto winter, the network’s total hashrate continues to chug along at close to 300 exahash per second...
Smart Money Eyes Market-Neutral Trades as ADA, AXS See Unusually Low Funding Rates
21.10.2022
Traders can purchase ADA perpetual contracts and simultaneously sell ADA tokens in the spot market to safely pocket the funding rate, one expert said
Low hash price, soaring energy costs spell tough Q3 for Bitcoin miners
21.10.2022
The third quarter of 2022 has not been any kinder to Bitcoin mining operators in North America and Europe
Report: Bank of America Economist Predicts 20% Devaluation of the Nigerian Currency in 2023
21.10.2022
A Bank of America economist, Tatonga Rusike, has said the Nigerian currency is overvalued by as much as 20% and will likely be devalued in 2030. The remarks by the economist came just days after the currency’s exchange rate reportedly touched a new low of just under 750 naira for every U.S....
Bitcoin Flat as Volatility Hits 2-Year Low and Stocks Rise
20.10.2022
Bitcoin’s 30-day price volatility dropped to the lowest in almost two years, data shows
Biggest Movers: DOGE, XRP Rebound Following Recent Declines
20.10.2022
Following two days of declines, dogecoin rebounded earlier in today’s session, moving away from a key level of support. The meme coin, which has been hovering close to a one-month low, surged, as bulls seemingly bought the dip. The token formerly known as ripple (xrp) was also higher....
Understanding TRON Grand Hackathon 2022 Season 3 and the Hacker House Event
19.10.2022
TRON is a layer-1 blockchain utilizing a delegated proof of stake consensus mechanism. Its eco-friendly network, low fees, and easy to use developer tools have allowed it to attain a massive amount of user growth and innovative projects. Dave Uhryniak is the Director of Ecosystem Development...
Report: Ghanaian Currency Slips to Another Low Versus the US Dollar
17.10.2022
After it slipped to a rate of about 12:1, the Ghanaian cedi became the latest African currency to touch a new low versus the U.S. dollar, albeit on the unofficial foreign exchange market. Having started 2022 trading around 6.25 per dollar, the cedi has now lost over 90% against the appreciating...
FX Strategists From Citi Say Euro Could Sink to $0.86 if Macro Turmoil Continues
16.10.2022
While the euro has found support between 0.96 to 0.97 nominal U.S. dollars per unit, foreign exchange (FX) strategists from Citi believe the euro could tap a low of around $0.86 against the greenback. While the dollar slumped on October 13, the fiat currency is rising again and market strategists...
Despite Significant Difficulty and Low BTC Price, Bitcoin’s Hashrate Continues to Climb Higher
16.10.2022
Following the largest difficulty increase the Bitcoin network has seen in 2022, the network’s hashrate has not been affected by the 13.55% increase. In fact, five days ago at block height 758,138, the network’s computational power surpassed the all-time high (ATH) recorded on October...
Japanese Yen Plunges to 32-Year Low Against US Dollar — Another Intervention by Authorities Expected
16.10.2022
The Japanese yen’s exchange rate versus the U.S. dollar recently plunged to its lowest rate in 32 years — 147.66 JPY per dollar. The yen’s latest fall comes less than a month after its slip in September prompted authorities to enter foreign exchange markets for the first time since...
‘No emotion’ — Bitcoin metric gives $35K as next BTC price macro low
15.10.2022
Bitcoin market participants should not act on emotion, one trader advises as long-term data continues to fit with previous bear markets
Biggest Movers: SHIB, SOL Fall to 4-Month Lows, US Inflation Higher Than Expected
13.10.2022
Shiba inu fell to a four-month low on Thursday, as consumer prices in the United States rose by more than expected. U.S. inflation came in at 8.2% in September, which is higher than the 8.1% consensus expectation. Solana was in the red as well, as the token also hit a multi-month low. Shiba...