Bipartisan support for cryptocurrencies exists on both sides of the aisle and in both chambers, but extreme elements could still thwart legislation.
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Mining Bitcoin at home — Is it time to start? Market Talks
On this week’s episode of Market Talks, Cointelegraph welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining — a home-based crypto mining equipment business.
This week, to kick things off, we get to know a little bit about Kramer and his mining business. What are his expertise and experience with crypto mining, and how did he gravitate toward it? We also get his take on the current market conditions and the price of Bitcoin (BTC).
Doing anything from your house, whether it’s working from home or mining cryptocurrencies, comes with its own set of challenges, especially when you’re first starting out. We find out what some of those challenges are and how to overcome them. This is especially useful for anyone looking to set up their own mining rig at home. We discuss the five major things you need to realize before you start out and be ready for from day 1.
Mining Bitcoin or any other cryptocurrency is not as clear-cut as it once might have been. Electricity costs are constantly going up, and with the recent continuous downtrend in the price of Bitcoin, one really has to weigh the cost versus the profitability of mining. We ask Kramer what investors or anyone looking to get into crypto mining should do and what is the best way to calculate your costs and profit margins. Should you just have faith that the price of Bitcoin will eventually go up, or maybe there is a way to get exposure to mining without having to run the rigs yourself?
Ever wondered what cloud mining is or how it works? Is it a new form of mining cryptocurrencies, or could it be a new form of scam? The crypto market can be a dangerous place to operate if you don’t have a well-rounded understanding of the space and how to approach something new in the industry, so make sure you tune in to learn about the ins and outs of cloud mining so you’re well-informed.
Mining Bitcoin at home — Is it time to start? Market Talks
Join us as we discuss everything you need to know about mining crypto from the comfort of your home. Hosting the show will be Cointelegraph’s head of markets, Ray Salmond, with special guest Justin Kramer.
Bitcoin price fails to seal fresh CPI gains as $18K support hangs in balance
BTC price action returns to consolidate on the U.S. CPI release, with Bitcoin firmly undecided on short-term direction.
Bitcoin price fails to seal fresh CPI gains as $18K support hangs in balance
Bitcoin (BTC) wobbled at $18,000 at the Jan. 12 Wall Street open despite United States inflation continuing to fall.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin traders stay wary post-CPI
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD encountering predictable volatility around the release of Consumer Price Index (CPI) data for December.
The first such release of 2023, the event preceded the start of trading on Wall Street, with Bitcoin briefly gapping higher before returning to threaten a breakdown below the $18,000 mark.
In so doing, the largest cryptocurrency copied behavior from one month prior, with resistance at $18,500 remaining untested.
CPI came in at 6.5% year-on-year, in line with the majority of predictions. According to CME Group’s FedWatch Tool, markets were correspondingly betting on a smaller 0.25% interest rate hike from the Federal Reserve at the February meeting of its Federal Open Market Committee (FOMC).
‘Deflation’ is a dumb way to approach tokenomics… and other sacred cows
Having taught and studied token economics at the University of Nicosia, I’ve found that students often have some decidedly muddled beliefs about how what tokens are and how business and token economies work.
Unlike microeconomics and macroeconomics — which are based on decades of research, debate and inquiry that have produced some commonly accepted principles — tokenomics is a much newer field of study full of people without economics experience.
There are many self-professed “experts” who provide advice that sounds fine and is often even sensible in theory but that fails in practice.
When designing a token economy, what you really want to focus on is:
Is the economic strategy repeatable?Is there some way of diagnosing when and how to deploy the strategy for your token and the estimated value of doing so?Is there research that validates the strategy so you can talk about it more credibly?Deflationary tokens
Take, for instance, the idea held dear by many that deflationary tokens have an absolute advantage. “Deflationary” means an ever decreasing supply of tokens, which in theory increases the purchasing power and value of each remaining token. “Inflationary” means the opposite: an ever increasing supply which, in theory, reduces the value of each token.
‘Deflation’ is a dumb way to approach tokenomics… and other sacred cows
Having taught and studied token economics at the University of Nicosia, I’ve found that students often have some decidedly muddled beliefs about how what tokens are and how business and token economies work.
Unlike microeconomics and macroeconomics — which are based on decades of research, debate and inquiry that have produced some commonly accepted principles — tokenomics is a much newer field of study full of people without economics experience.
There are many self-professed “experts” who provide advice that sounds fine and is often even sensible in theory but that fails in practice.
When designing a token economy, what you really want to focus on is:
Is the economic strategy repeatable?Is there some way of diagnosing when and how to deploy the strategy for your token and the estimated value of doing so?Is there research that validates the strategy so you can talk about it more credibly?Deflationary tokens
Take, for instance, the idea held dear by many that deflationary tokens have an absolute advantage. “Deflationary” means an ever decreasing supply of tokens, which in theory increases the purchasing power and value of each remaining token. “Inflationary” means the opposite: an ever increasing supply which, in theory, reduces the value of each token.
‘Deflation’ is a dumb way to approach tokenomics… and other sacred cows
Having taught and studied token economics at the University of Nicosia, I’ve found that students often have some decidedly muddled beliefs about how what tokens are and how business and token economies work.
Unlike microeconomics and macroeconomics — which are based on decades of research, debate and inquiry that have produced some commonly accepted principles — tokenomics is a much newer field of study full of people without economics experience.
There are many self-professed “experts” who provide advice that sounds fine and is often even sensible in theory but that fails in practice.
When designing a token economy, what you really want to focus on is:
Is the economic strategy repeatable?Is there some way of diagnosing when and how to deploy the strategy for your token and the estimated value of doing so?Is there research that validates the strategy so you can talk about it more credibly?Deflationary tokens
Take, for instance, the idea held dear by many that deflationary tokens have an absolute advantage. “Deflationary” means an ever decreasing supply of tokens, which in theory increases the purchasing power and value of each remaining token. “Inflationary” means the opposite: an ever increasing supply which, in theory, reduces the value of each token.
Breaking: DCG owes creditors over $3B, considering $500M VC portfolio sale
Crypto broker Genesis allegedly owes $900 million to clients of cryptocurrency exchange Gemini alone.
Jack Ma surrenders control of fintech giant Ant Group
After founding Ant Group in 2014, Chinese billionaire Jack Ma is now ceding control of the company as part of Ant’s corporate structure changes.
3 reasons why Avalanche (AVAX) price can double by March 2023
Avalanche (AVAX) has opened 2023 with a bang, rising nearly 55% in the first two weeks. And now, a mix of technical and fundamental indicators hints that the token will keep rallying into March.
AVAX price breakout underway
The AVAX/USD pair appears to have been forming a falling wedge pattern since May 2022 and has now entered the breakout stage of this pattern.
A falling wedge forms when the price trends lower inside a range defined by two converging, descending trendlines. The pattern resolves after the price breaks out of its range to the upside and, as a rule of technical analysis, can rise as high as the distance between its upper and lower trendlines.
AVAX/USD daily price chart featuring falling wedge setup. Source: TradingViewApplying the theory on AVAX's falling wedge pattern brings the token's breakout target at around $34, up approximately 115% from current price levels.
Avalanche's Amazon partnership
AVAX's bullish setup appears as Ava Labs — the developer of the Avalanche network — becomes an official blockchain solution provider to Amazon Web Services (AWS).
3 reasons why Avalanche (AVAX) price can double by March 2023
Avalanche (AVAX) has opened 2023 with a bang, rising nearly 55% in the first two weeks. And now, a mix of technical and fundamental indicators hints that the token will keep rallying into March.
AVAX price breakout underway
The AVAX/USD pair appears to have been forming a falling wedge pattern since May 2022 and has now entered the breakout stage of this pattern.
A falling wedge forms when the price trends lower inside a range defined by two converging, descending trendlines. The pattern resolves as the price breaks out of its range to the upside. As a rule of technical analysis, the price can rise as high as the distance between its upper and lower trendlines.
AVAX/USD daily price chart featuring falling wedge setup. Source: TradingViewApplying the theory on AVAX's falling wedge pattern brings the token's breakout target at around $34, a 115% increase from current price levels.
Avalanche's Amazon partnership
AVAX’s bullish setup appears as Ava Labs — the developer of the Avalanche network — becomes an official blockchain solution provider to Amazon Web Services (AWS).
Illicit crypto transactions reached all-time highs in 2022: Report
The abnormal amount of illicit transactions is caused by the equally record-breaking scale of international sanctions.
Illicit crypto transactions reached all-time highs in 2022: Report
The abnormal amount of illicit transactions is caused by the equally record-breaking scale of international sanctions.
Nexo offices reportedly raided by police in Bulgaria
The investigators have alleged that Nexo is involved in money laundering and violating global financial sanctions against Russia.
13% of BTC supply returns to profit as Bitcoin sees 'massive' accumulation
The significance of Bitcoin's weeks-long trading range is all the more apparent with BTC price at one-month highs, says analysis.