Mike McGlone, an analyst at Bloomberg, published a report titled “Profit may take some pain”, where he assured that Bitcoin could recover strongly once traditional stocks bottom.McGlone notes that while the US Federal Reserve (FED) tightening is expected to determine the direction of the stock market, Bitcoin could become a “wild card” for the trend.Mike McGlone believes that the Fed’s tightening could be solidifying the fundamentals of cryptocurrencies.All markets have suffered the consequences of a series of macroeconomic conditions, neither cryptocurrencies nor traditional stocks have been exempt, that is why Mike McGlone, an analyst at Bloomberg, seeks precisely to respond…
Author: Ferret Weasels
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Blockchain Land, Nuevo León 2022, will be held from October 05 to 07, where Blockchain for Business will be held, a space specially designed for networking and expanding the frontiers of your business and your knowledge.In Blockchain Land there will be four themed scenarios: Finance, Non-Fungible Tokens (NFT), Entrepreneurship and Developers. The blockchain technology ecosystem is in full development and, therefore, there is no better strategy than connecting with others who are also working to create the industry that everyone wants.Connecting with others not only provides incredible opportunities to expand or bring innovative ideas to lifebut also allows you to…
The Merge is intended to change the technology used in the Ethereum blockchain consensus to generate new blocks and process transactions from Proof of Work (PoW) to Proof of Stake (PoS).The Merge, or the fusion, is the latest update of the Ethereum blockchain, which aims to develop a reliable decentralized ecosystem with lower energy consumption.Although it may be cleaner for the environment than Bitcoin, the probability of the upgraded Ethereum reaching the top spot in the crypto market is very low.The second largest cryptocurrency in the world is currently undergoing a significant transformation, which it will change the technology it…
In Jeriquaquara, a small municipality located in the northeast of Brazil, a project inspired by Bitcoin Beach El Salvador, known as Bitcoin Beach Brazil, is being developed.The project began by helping merchants to accept Bitcoin as a form of payment and evolved into an educational approach with which it sought to help them learn to save money and use it as a tool for financial inclusion.Jeriquaquara is one of the main tourist destinations in Brazil and one of the 10 most beautiful beaches in the world.Brazil is the fifth largest country in the world and is ranked seventh in number…
Aztec Network is an Ethereum Layer 2 scaling solution using Proof of Zero Knowledge called PLONK which allows zkRollup users to access DeFi anonymously.Aztec Network’s architecture allows transactions to always be private, while maintaining auditability and compliance.Through Aztec Connection and zk.money, users can access DeFi protocols on Ethereum while preserving their privacy as well as experience reduced costs when interacting with the ecosystem. Privacy, especially granting the power to the user to manage their private information, is a key element in the ecosystem and in Web3 in general.For a long time, regulators stayed out of the revolution that was happening…
Secretary of State for Foreign, Commonwealth and Development Affairs Liz Truss will be the new UK Prime Minister.On several occasions Truss made positive statements about digital assets and blockchain technology.It is unclear whether Truss will support or continue former Chancellor of the Exchequer Rishi Sunak’s plans to turn the UK into a crypto hub.Last July, the current Minister of England, Boris Johnson, announced that he would resign from his position after losing the support of his government. After this announcement he presented himself with a race to lead and guide the Conservative Party, led by the Secretary of State for…
September is a historically bad month for Bitcoin because throughout its history, digital gold has shown poor performance during this month as well as the rest of the crypto ecosystem.From 2013 to now, Bitcoin has registered red numbers seven times in September, as reflected in the user’s graph.In the world of specialists, the stories that are repeated over and over again are not called coincidences but trends. Technical analysis, for example, uses many of these parameters to delineate when the graph of an asset can go up or down, determining resistance and support. Following this line: September is a historically…
Reddit released six collections NFTs based on Polygon which allow its users to buy images that can be used as a profile picture.Recently Launched Reddit Non-Fungible Tokens (NFTs) Are Seeing Big Sales On The NFT Market, OpenSea generated a total of 15 ETH in Polygon, approximately $25 thousand US dollars, where The Senses and Foustlings collections have been the most successful.Reddit avatars are created by independent artists and are minted on the Polygon blockchain at the time they are purchased.In July of this year Reddit, one of the social platforms preferred by the crypto community, toannounced that it would be…
Binance announced that it would begin automatically converting existing and new USDC, USDP, and TUSD stablecoin deposits to BUSD, its own native stablecoin.Binance has removed custody of USDC, USDP, and TUSD for the approximately 28 million users on the platform by eliminating spot, future, and margin trading with pairs associated with those stablecoins.This action aims to improve liquidity and capital efficiency for users.The last year in the crypto market has been characterized by changes and it seems that this is far from over.Yesterday Binance, the largest crypto exchange by trading volume, ad which would automatically start converting existing and new…