Crypto News Cast For August 6th 2022 ?

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Crypto News Cast For August 6th 2022 ?

Crypto News Cast For August 6th 2022 ?
Crypto News Cast 📮 06-08-2022

Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today, It includes all the latest news, prices, and events in the cryptocurrency world.

24hours Cryptocurrency Market Cap:
📈MarketCap:          $1097 B
📊24h Mcap %:        8.65%
⚠️Bitcoin Dom:        40.40%
📌Active Coins:       11518
📍24h Vol %:          -15.10%
💲24h Vol:               $50 B

Crypto News Updates :

  • Since December 2020, Ethereum-based Transactions Have Become Cheaper
  • Bitcoin Rewards Card To Be Launched By Binance And Mastercard In Argentina
  • Elon Musk Claims He's Supporting Particularly The Meme Cryptocurrency, Dogecoin
  • The Binance Card Now Supports SHIB, XRP, And AVAX Cryptocurrencies
  • By March 2023, Arthur Hayes Anticipates That Ethereum's Price Will Hit $5,000
  • Financial Services Firm Citi Emphasizes The Value Of The Ethereum's Blockchain Merge Upgrade
  • Despite Market Volatility, 40% Of American Investors Are Purchasing More Cryptocurrency
  • Meta Adds 100 Additional Nations To Instagram's Support For Digital Collectibles



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- Since December 2020, Ethereum-based Transactions Have Become Cheaper

The proof-of-stake (PoS) protocol implemented on the Ethereum (ETH) blockchain has already seen the blockchain reach numerous significant milestones. The network recorded its lowest average transaction fees as of August 2022 of $3, the lowest level since December 2020. Therefore, the network's popularity in fields like decentralized finance (DeFi) and non-fungible currencies is likely to be fueled by the cheap costs (NFT). Read Full on Finbold.

Bitcoin Rewards Card To Be Launched By Binance And Mastercard In Argentina

Mastercard and Binance, one of the top cryptocurrency exchanges, will soon introduce a rewards card in Argentina that will be funded by bitcoin and other cryptocurrencies. As the product is presently in beta, Argentina will be the first nation to get access to Binance Card; nevertheless, there are immediate intentions to aggressively extend the service. Users of the Binance Card can receive up to 8% cashback on purchases and incur no fees while using an ATM. Read Full on Bitcoin Magazine.

Elon Musk Claims He's Supporting Particularly The Meme Cryptocurrency, Dogecoin

In response to a query regarding cryptocurrencies, Tesla CEO Elon Musk reiterated his support for Dogecoin during a recent interview on the "Full Send" podcast. The richest man in the world has stated again that he backs Dogecoin because it includes meme and dogs. Musk claims that Dogecoin has practical uses despite being created as an absurd joke currency. He stated that compared to Bitcoin, Dogecoin has a larger transaction capacity. Read Full on U.Today.

The Binance Card Now Supports SHIB, XRP, And AVAX Cryptocurrencies

Avalanche (AVAX), Shiba Inu (SHIB), and XRP have been added as payment options for the Binance Card by Binance, one of the biggest crypto ecosystems in the world. The new cryptocurrencies join a varied roster that currently includes BTC, BUSD, and ETH as well as tokens from soccer clubs that Binance actively supports, including SANTOS, PORTO, and LAZIO. Binance issued the card after obtaining a license for its Lithuanian branch. Read Full on U.Today.

By March 2023, Arthur Hayes Anticipates That Ethereum's Price Will Hit $5,000

Arthur Hayes, a former CEO of BitMEX, predicts that Ethereum will hit $5,000 by the end of Q1 2023. His projection is predicated on the belief that the Federal Reserve would "pivot" and that the Merge upgrade will succeed, both of which will increase the value of the second-largest cryptocurrency. In the remaining months of 2022, Ethereum is anticipated to produce a higher return than Bitcoin, as the co-founder revealed in his most recent blog article. Read Full on CryptoPotato.

Financial Services Firm Citi Emphasizes The Value Of The Ethereum's Blockchain Merge Upgrade

One of the most eagerly awaited cryptocurrency events is the Ethereum (ETH) Merge update. According to financial behemoth Citigroup, the upgrade may have a number of effects on blockchain technology. According to the bank's analysis, once the update is implemented, it might result in decreased energy intensity, turn Ethereum into a deflationary asset, and possibly pave the way for a future that is more scalable thanks to sharding. Read Full on Finbold.

Despite Market Volatility, 40% Of American Investors Are Purchasing More Cryptocurrency

It appears that the volatility of the cryptocurrency market, which is still fluctuating between bullish and bearish trends, hasn't deterred many American investors from continuing to invest in digital assets. According to fresh data from The Balance's study, about 40% of American investors are increasing their purchases of cryptocurrency as they hunt for new methods to invest and protect their wealth as the state of the economy becomes less clear. Read Full on Finbold.

Meta Adds 100 Additional Nations To Instagram's Support For Digital Collectibles

Facebook's parent company, Meta, revealed recently that it is extending the use of Instagram digital assets across 100 nations. Since Instagram has over two billion active users globally, Meta's extension of digital asset integration puts non-fungible tokens (NFT) into the mainstream. Before uploading their digital collectibles on Instagram, users must connect a digital wallet to the social networking site. Read Full on theblock.

Ripple, Dogecoin, Litecoin price forecast for February 2022

The cryptocurrency market is advancing this Monday, and this situation also supports the price of Ripple XRP/USD , Dogecoin DOGE/USD , and Litecoin LTC/USD . Bitcoin is trading above the $44,000 level, and for now, everything indicates that the price could advance again above $45,000 resistance. Joe DiPasquale, chief executive officer at BitBull Capital, which manages crypto hedge funds, said: The current rise came after considerable range-bound price action that saw volumes drying and shorts increasing. Typically, when the market is heavily leaning on one side of a trade, too long or too short, the price can move to counter that weight and squeeze positions. The cryptocurrency market also reacted positively after the U.S. released the Nonfarm Payrolls report on Friday, which showed that the country added 467K jobs in January. The job report surpassed economists’ estimate of 150K new jobs for January and traders continue to ignore geopolitical turmoil and Federal Reserve tightenin

S&P 500 index forecast for August 2022

S&P 500 (SPX) advanced approximately 9.1% for July and posted its biggest monthly percentage gain since November 2020. Second-quarter U.S. corporate results have mostly been stronger than expected, and it is important to say that of the 279 S&P 500 companies that have reported earnings so far, 77.8% have exceeded expectations. According to IBES data from Refinitiv, corporate earnings are expected to have increased 7.1% in the quarter versus an estimated 5.6% at the start of July. Speculation that the U.S. central bank may not need to be as aggressive with interest rate hikes as some had feared also positively influenced on S&P 500, while the upbeat forecasts from Apple and Amazon supported the rally on Friday. Apple reported that it sees continued strength in demand for iPhone while Amazon announced that it expects higher revenue in the third quarter. Rick Meckler, a partner at Cherry Lane Investments, said: In today’s market, the Amazon and Apple numbers are giving

How will recovery of Mt Gox’s $3.3 billion of bitcoins affect market? Interview with Nexo rep

Mt Gox, the first crypto exchange to gain mainstream traction, has long gone down in the annuls of crypto infamy. Launched in 2010 – scarcely a year after Satoshi Nakamoto introduced the world to Bitcoin, within four years it was handling over 70% of Bitcoin transactions worldwide. And then, in February 2014, it was gone. Operations were abruptly ceased, bankruptcy protection was filed for and, most importantly, 650,000 bitcoins were missing. However, recent developments in the court process have thrown a spanner in the works, revealing 137,000 bitcoins will be recovered. The question then becomes – with this treasure chest of bitcoins worth around $3.3 billion at current prices, what effect does this have on the market? Mt Gox holders’ actions (will) reflect the overall industry sentiment and be particularly indicative of where the OGs stand when it comes to Bitcoin’s price potential Kiril Nikolov, DeFi Strategy at Nexo I got thoughts from Kiril Nikolov, DeFi Strategy at Nexo

FTX.US opens stock trading in all 50 American states, should you buy FTT?

FTX ( FTT/USD ) is one of the largest crypto derivatives exchanges out there that allows users to essentially engage in the process of buying and selling numerous cryptocurrencies and index futures with low fees. FTX.US is the U.S.-regulated cryptocurrency exchange specifically created for that target market. FTT is the native utility token used across the broader FTX ecosystem and can be used for the reduction of trading fees or can serve as collateral against future positions. FTX.US opening of stock trading to users as a catalyst for growth FTX.US opened stock trading to users in all 50 American states, according to a statement by President Brett Harrison initially posted on Twitter.  What this means is that the cryptocurrency exchange now allows users to trade hundreds of stocks and exchange-traded funds online or through the FTX.US Pro mobile application. The U.S. unit of the FTX exchange piloted this feature to a select group of customers back in May. However, FTX said tha

Crypto News Cast For July 18th 2022 ?

Crypto News Cast 📮 18-07- 2022 News Source Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today 24hours Cryptocurrency Market Cap: 📈MarketCap:          $1016 B 📊24h Mcap %:        44.65% ⚠️Bitcoin Dom:        41.60% 📌Active Coins:       4549 📍24h Vol %:           6.32% 💲24h Vol:               $83 B Crypto News Updates : Spanish Crypto Exchange Bitbase Expands Operations Into Latam With Paraguay's Recent Move Shiba Inu And Dogecoin Now Accepted For Payment For Luxury Yacht Services Bitcoin And Ethereum Rebounds, Pushing The Cryptocurrency Market Back Beyond $1 Trillion According To FTX CEO, Blockchain Can Enable Social Media Interoperability Itaú Unibanco Will Provide Crypto Services With Its New Tokenization Unit In Brazil Hedge Fund Billionaire, Alan Howard Continues To Support Cryptocurrency Startups Italy Grants Regulatory Approval To San Francisco-based Crypto Exchange, Coinbase Register at the best leverage exchanges BitMEX:  https://bit.ly/2M