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What is cryptocurrency? - Dchained. Inflation, Expired Options Can't Stop BTC - Dchained. Reading Time: 3 minutes The global financial and crypto markets remain on the radar this week as the U.S.
Federal Reserve makes key decisions with handling inflation challenges. On the other hand, regulators are keeping a strong eye on the crypto investors for paying taxes. Let’s take a look at some of the top news for the week. Wall Street indexes continue to make new highs as investors remain positive on the Fed’s handling of inflation. Fed Chairman Jerome Powell said that the U.S. central bank and the lawmakers at Washington D.C. have unanimously come to a decision of letting inflation rise above its 2%, a move aimed a generating more employment. “We have seen this adverse dynamic play out in other major economies around the world and have learned that once it sets in, it can be very difficult to overcome.
Basically, Powell hinted that even if inflation rises, the Fed won’t be taking action on raising the interest rates higher or any other measures that slow the economy further. Satoshi and Vitalik: The Faces Behind The Most Influential Cryptos - Dchained. We are certainly living in an exciting time for blockchain technology and cryptocurrencies.
It’s difficult to visit your favorite news site or app without finding a story about either topic. Even with all this exposure, it can be difficult to truly understand the intricacies of Crypto and how it can be used in our daily lives. In the same manner, people don’t know who the creator of each Crypto is. Similar to how Tim Berners-Lee invented the World Wide Web, there are some interesting characters behind the creation of some of our favorite cryptos.
Satoshi: Mystery Man It’s the late 2000’s. While people have seen the potential of Bitcoin and reaped its rewards, no one truly knows for sure who Satoshi was. What is Chainlink? - Dchained. Reading Time: 3 minutes Crypto has been one of the most revolutionary inventions this century.
What is Crypto Mining? - Dchained. Reading Time: 3 minutes What comes to your mind when you think about the word “Mining”?
Most of you might think of hardworking laborers trying to dig out some precious metal for manufacturing. What is blockchain. Cryptocurrency: A Digital Currency That Is Meant to Be A Medium of Exchange. Fed Announcement, BTC Options Loom Over Crypto Market - Dchained. Continuing the trend that we’ve seen over the last week, Bitcoin has dipped 10% in the last few days to trade in the $11,100 – $11,600.
At the same time, Ethereum (ETH) and Ripple (XRP) have followed a similar trend as each is trading 14% and 17% (respectively) below their 2020 highs set within the last two weeks. Despite the three largest market cap coins facing selling pressures, investors have not slowed down their investing in the overall crypto market. Altcoins, fueled by the ever-expanding world of DeFi, continue to make acronyms and coins households names: LINK, LEND, MKR, ZRX, DAI (and there are some major ones starting to gain mainstream attention: KAVA, BAND, KNC, AMPL to name a few).
What is Proof of Stake vs. Proof of Work - Dchained. Proof of Stake (PoS) has recently become somewhat of a buzzword in the Crypto community.
Many blockchain engineers believe that this technology will allow for thousands of transactions per second with record low fees. But what exactly is a PoS consensus protocol? How does it work? What is the Difference Between Hard & Soft Forks? - Dchained. Reading Time: 3 minutes Like any software, a blockchain needs to be regularly updated in order to continue working properly.
To do this, sometimes, something called a Fork must be implemented. There are two kinds of forks: A Soft Fork and a Hard Fork. Before breaking down the meaning of each, we first need to understand what exactly a fork is. Tether & Ethereum Spike But Will It Last? - Dchained. Reading Time: 4 minutes Some significant developments have rocked the crypto markets this week, along with favourable regulatory measures.
Central banks across the globe are accelerating their developments with CBDCs as regulators warm to the idea of having digital currencies in the mainstream financial markets. What Is The Difference Between Public Keys, Private Keys, And Wallet Addresses? - Dchained. If you are looking to use cryptocurrencies, you will need a cryptocurrency wallet.
A crypto wallet enables you to receive, store, and send digital currencies. Unfortunately most people do not understand the technology behind crypto wallets. What Is The Difference Between Public Keys, Private Keys, And Wallet Addresses? - Dchained. Dchained Bitcoin Mugs. This Bull Run is Different - Dchained. Reading Time: 3 minutes Bitcoin Recovers from Crash, Eyes $12,000 Support Level After a $1,400 crash last Sunday, August 2, the Bitcoin price has managed to make fresh gains over the week.
On Thursday, August 6, the BTC price moved close to $12,000 levels which currently looks to be the next big resistance for the world’s largest cryptocurrency. It remains to be seen if the Bitcoin bulls can help BTC convincingly past the $12,000 levels and make it as a new support. But one thing that is grabbing analysts’ attention is the rising correlation of Bitcoin with physical gold. A Bloomberg report stated: “Stabilizing at about 6x the per-ounce price of gold, Bitcoin’s increasing correlation and declining volatility relative to the precious metal indicate an enduring relationship for price advancement, in our view. This means that if gold continues to rise at around $3000, the Bitcoin price could go up to $18,000. Dchained - Get Details Of Cryptocurrency. Reading Time: 3 minutes We live in a technological world. The truth is that technology has taken over the world without us realizing it was happening. There is not a single industry that has not made great technological advances in the last 20 years.
And this is not bad. Health standards are going up. Blockchain – A Platform to Securely Buy, Store, And Trade Cryptocurrencies. Dchained Mask. ETH, BTC, XRP Soar but What’s Fueling This Pump? - Dchained. Reading Time: 4 minutes This week in the crypto market has majorly been about the regulatory developments, the overall market growth with Bitcoin (BTC) and Ethereum (ETH) developments, and much more. Let’s take a look at some of the key market-moving news which can set the tone for crypto market growth in the coming months.
Ethereum 2.0 Finalized Testnet Releasing Next Week on August 4. Invest In Cryptocurrency With Dchained.