So much has happened this week! We saw a capitulation point of bitcoin before bears took over and we saw the selling pressure push Bitcoin down toward the $9000USD mark then move back up above $9100USD So far it has been a stable hold, however we may see some more action within the coming weeks.submitted by IOTAbesomewhere to Gravychain [link] [comments]
Widespread scamming within the Twitter-sphere, Youtube and other platforms as Bitcoin and other cryptocurrencies may seem like fair game. Cryptocurrencies providing big payouts for scammers without the ability for reversals of accounts. Remember if something seems too good to be true, do some research or just plain do not respond/believe it. Stay safe and careful with your funds!
On the brightside, there has been even more adoption of cryptocurrencies as rumours of Paypal utilising cryptocurrency has been confirmed as they are developing crypto capabilities. In addition to this we received exciting news at the start of this week about Binance partnering with Swipe (SXP) and offering a debit card to spend BNB, SXP, BTC and BUSD. ( I will be keeping a swift eye on BNB and Swipe as its utilisation as tokens has just increased 43 fold).
Positive news for the Bitcoin network as its hashrate reaches all time high which helps to secure the network further even though mining profits have dropped by 50% from the recent halving. If you didn't know already the last Bitcoin will be expected to be mined in 2140 with its difficulty ever increasing and each time securing the network further. Processing units will have to become faster, stronger and most importantly more cost effective to continue to entice miners for the block rewards and further renewable energy practices.
Furthermore we can see Central banks and countries discussing and developing Central Bank Digital Currencies (CBDC). Read more about it here https://www.investopedia.com/terms/c/central-bank-digital-currency-cbdc.asp and check out some of the developments in the world above. This shows the popularity and strong nature of cryptocurrencies. As the saying goes "If you cant beat them, JOIN them".
Overall, very solid week full of adoption, animation and anticipation. Another post next week for a weekly round up! See you then but in the mean time join us at our Gravychain Discord.
- DISCORD LINK: https://discord.gg/zxXXyuJ 🍕 Bring some virtual pizza to share 🍕
Come have a chat, stimulate a discussion, ask a question or share some knowledge. We are all friendly crypto enthusiasts up for a chat, supportive and want to help each other with knowledge and investments!
Big thanks to our Telegram and My Crypto HQ for the constant news updates! - The Gravychain Collective: https://t.me/gravychain - My Crypto HQ: https://t.me/My_Crypto_HQ
Binance, one of the largest cryptocurrency exchanges by volume, is issuing a bitcoin-backed token, the firm announced in a blog post on Monday.The post Binance launches bitcoin-pegged token on ... Bitcoin, regardless of its rising mainstream reputation, is a favorite device of cyber criminals, with one ransomware variant, referred to The worldwide Bitcoin Miner market was valued at rising charge in million USD in 2018 and can attain at a gradual charge in million USD by the tip of 2025, rising at a CAGR of anticipated to rise at a substantial charge throughout 2020-2025. This report focuses on Bitcoin Miner quantity and value at world stage, regional stage and firm stage. From a world perspective, this report represents ... The Most Expensive Takeout Order Ever. It didn’t take long before jokes began popping up on Hanyecz’s forum post. At the beginning of August, his order was worth well over $600 and many began taking him up on his offer. “Well I didn’t expect this to be so popular but I can’t really afford to keep doing it since I can’t generate thousands of coins a day anymore,” Hanyecz wrote on ... Not left with expensive obsolete hardware when mining becomes unprofitable: Lack of control and flexibility, less fun, and lower profits due to operation fees charged by operators : Bitcoin Mining Software. The software used to mine BTC is just as important as the hardware. Different software has been created for different hardware. You want to get the most out of your hardware, so utilizing ... During the transaction, user Laszlo just paid 10000BTC for two Papa John’s pizza in Florida. At that time the 10000BTC worth about 40 USD. Things have changed rapidly ever since then, as one single bitcoin price has just recently hit the all time high value of 3000 USD. USD was the first currency that users were able to convert bitcoins into. The USD denominated bitcoin market has a daily ... At moment of publication, those same 10,000 BTC would be worth approximately $120 million. This makes Laszlo’s transaction the most expensive pizza purchase ever. The picture below provides a ... Some have called it “the most generous tip ever”, others “the most expensive transaction ever”, and yet others have labeled it “the biggest f*ckup ever”. We may never know for sure which one it was, but this story will surely find its well-deserved place in the Crypto Annals next to such legendary tales as “The 10,000 BTC Pizza” and “Bitcoin Cash Hash Wars”. It’s about ... Bitcoin Pizza, Anyone? On one sunny day in May, 2010 the world witnessed the purchase of two most expensive pizzas in history. As you already know from the history of Bitcoin, its price that year was rather insignificant. Pioneer miners did not know the full benefit of BTC coins those days, so often they come to spend these coins in various funny ways. A Bitcoin miner under the nickname Laszlo ... In those days, Bitcoin was worth nothing (cents), and to order two family pizzas worth $ 30, Laszlo paid 10,000 Bitcoins! What was later considered as the first-ever purchase in Bitcoin, also became the world’s most expensive pizza. 10,000 Bitcoins worth today is worth more than 50 million USD. ←
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