Bitcoin is down but not out in China where crypto exchanges have been banned and bitcoin miners have been kicked out. 84 bitcoin nodes keep syncing to the global bitcoin network from China, amounting ...
Tag: Trustnodes
Lummis Appeases SEC – Trustnodes
If the United Kingdom and Europe were starting to get worried about the United States becoming too friendly to crypto, a new bipartisan bill will come as a relief in London, in Paris and in Frankfurt....
Whales Rig Ape Vote on ETH Migration – Trustnodes
A vote by ApeDAO on whether to leave ethereum for another blockchain is currently set to pass with 51% in favor and 48% against in an indication of just how divided apes are on the matter. However 74%...
Bitcoin Crosses Half a Million TRY – Trustnodes
Bitcoin is back to above half a million in Turkey following a huge dip on May the 9th that sent it to just 350,000 liras on BtcTurk. That’s amid galloping inflation at 73% as the central bank expands ...
Bitcoin’s Hashrate Unmoved as New York Considers Ban – Trustnodes
The New York senate and assembly has passed a bill to ban bitcoin mining unless it uses 100% renewable energy, with it now up to the Governor Kathy Hochul whether to sign or veto. Making this the firs...
Binance Raises Half a Billion to Fund Web3 Startups – Trustnodes
Binance, one of the biggest crypto exchange, is expanding its VC arm with $500 million raised “to boost blockchain, web3, and value-building technologies.” “The goal of the newly closed investment fun...
Ethereum’s Ratio Rekt – Trustnodes
Ethereum’s value against bitcoin is about to fall below 0.06 BTC for the first time since October, eight months ago. Back then, bitcoin was gaining more than eth until ethereum had its own bull run. N...
Bitcoin Returns Above $30,000 on OPEC Boost – Trustnodes
Bitcoin is holding a mini rally of sorts after dipping below $30,000 following a rise to $32,000. The fall was probably due to EU banning Russian oil. The slight rise now might be due to OPEC finally ...
National Fiat on Global Blockchain, Finding Diversity – Trustnodes
Every country seems to be talking about stablecoins, but it remains the case that only the United States has a stablecoin as such. China is keeping up its pretenses by issuing another $4 million e-CNY...
Treasury Consults on Bank of England Supervising Stablecoins – Trustnodes
The British government has joined a debate on stablecoins with a fairly holistic framework that is now open to public consultation. “The government anticipates broadening the definition of a payment s...
Fidelity to Add Ethereum – Trustnodes
Fidelity, one of the world’s biggest investment firm with $11.3 trillion in assets under management, is to expand beyond bitcoin to ethereum services. Tom Jessop, the president of Fidelity Digital Ass...
Ethereum Merge Testnet Surpasses Mainnet in Transactions – Trustnodes
A newly launched full Proof of Stake (PoS) ethereum testnet, Kiln, is now processing more transactions than the ethereum network itself. 1.3 million transactions a day are currently handled by Kiln, w...
Europe Bans 90% of Russian Oil – Trustnodes
Oil prices have risen another 3.5% to $123.70 for brent crude oil as the European Union finally moves to ban most Russian oil. Russian oil imports that arrive from the sea, accounting for 2/3rd of all...
Protests Break Out at Chinese Banks – Trustnodes
A number of protests have broken out in China after some local banks suddenly went offline last month. “I can’t access the app right now,” said a Shanghai man who deposited 2 million yuan in Yu Zhou X...
Ethereum Staking Dries Up as Steth Loses Balance – Trustnodes
Desire to stake eth has gone down to its lowest level since staking began with the queue to become a validator dwindling. Just 700 individuals/entities are waiting to become a validator currently, dow...
Corporate Investors Now Dominate Bitcoin Trading – Trustnodes
Corporate investors have grown from an insignificant part of crypto trading to now dominate, at least on US’ biggest crypto exchange, Coinbase. They accounted for 76% of the trading volumes in the fir...
Bitcoin Moves as Stocks Rise – Trustnodes
Bitcoin has once again risen above $30,000 after re-testing the $28,000 support level with it seemingly re-coupling to stocks. Nasdaq has shot up another 3.3% today while S&P has gained 2.5% on in...
Luhansk About to Fall – Trustnodes
The third world stands weeks from starvation as Russian troops move to take the last town standing in the Luhansk region of eastern Ukraine, Sievierodonetsk. “Seizing Sievierodonetsk will let Moscow d...
New Luna Fork Crashes 70% – Trustnodes
Luna has launched a new blockchain that gets rid of UST – which was its hole point – and now operates as just a blockchain (without a point?). Just as what is now called Luna Classic, however, Luna2 c...
Ethereum Devs Discuss Difficulty Bomb Delay – Trustnodes
Ethereum developers discuss whether to delay the difficulty bomb yet again with some arguing that it should be moved by another 3-4 months. One of them said there shouldn’t be pressure for the sake of...
MSTR Rises While Bitcoin Dips, is the Decoupling Happening – Trustnodes
The bitcoin proxy Microstrategy rose 9% on Thursday while bitcoin itself had a hissy fit, a bounce, and in the end basically didn’t move at all to now still trade at about $29,000. Is this a sign of a...
Economy to Grow 3% on Borrowing of $1.6 Trillion a Year Says CBO – Trustnodes
The United States economy is to grow by 3.1% quarter over quarter and 3.8% over last year in real terms. That’s the projection of the Congressional Budget Office (CBO) for 2022, but the picture looks ...
Those with Low and High Financial Literacy More Likely to Bitcoin Says ECB Survey – Trustnodes
Those that know something about finance are less likely to bitcoin than those that know little or a lot, according to a survey by the European Central Bank. Among some of the findings of the ECB’s Con...
Wall Street Bets on Bitcoin Rising Reach All Time High – Trustnodes
Wall Street is betting long more than at any time since bitcoin futures began back in 2018. That’s according to the latest data by the Commodities Futures Trading Commission (CFTC) released this Frida...
Inflation Relief Stimies to Flood Europe – Trustnodes
Money, money, money, rings so funny, in this euro blue. Aaa aaaaa, tum tum, we are steaming through. Billions are set to flood Europe to tackle the inflation crisis, the cost of living crisis, the gas...
Don’t Leave Crypto Says IMF Chief – Trustnodes
The sentiment in crypto is so atrocious that the International Monetary Fund (IMF) itself is seemingly coming to its aid. Speaking at the World Economic Forum (WEF), IMF’s chair and managing director ...
How SEC Killed Tech – Trustnodes
Tech is dead. The old tech, the new social network, new coding language, new react framework, and SEC killed it. More correctly, our forefathers killed it in 1933 when they passed the investment prohi...
The Dollar Weakens as Tech Crashes – Trustnodes
The dollar has come off its highest in two decades to now 102 from above 104 with it falling the most since it began its bull run last year. The currency is now finding competition from the euro which...
Ethereum Launches Bopsten Spec – Trustnodes
Bye bye Ropsten, hello Bopsten as the opening of the countdown to the merge seemingly begins with the launch of a new spec. “Bopsten is a semi-major version release candidate as we move into upgrading...
Bitcoin Longs Double – Trustnodes
Bitcoin longs on one of the biggest exchange, Bitfinex, are on a bull run of sorts since late April, breaking far beyond all time high. Up from about 40,000 BTC to now 85,000 as seen above, with $1.3 ...
“Disinflationary Dynamics Unlikely to Return” Says Lagarde, Rate Hike in July – Trustnodes
“Even when supply shocks fade, the disinflationary dynamics of the past decade are unlikely to return. As a result, it is appropriate for policy to return to more normal settings rather than those aim...