The Wikipedia proposal has sparked online discussions among Wiki users and contributors, most of whom have so far expressed support for banning crypto donations. However, the foundation noted that “this is not a majority vote, but instead a discussion among Wikimedia contributors. Agreement is gauged based on the merits of the arguments, not by counting votes.” Source link … [Read more...] about Wikipedia Faces Pressure to Stop Accepting Crypto Donations on Environmental Grounds
Pressure
Market Wrap: Crypto Traders Reduce Leverage, Selling Pressure Subsides
Bitcoin stabilized at around $41,000 on Friday and is down about 9% over the past week. Analysts expect prices to move sideways, although they may be vulnerable to further declines if technical support levels are breached.The reduction in leverage in bitcoin and ether futures markets could signal healthier market conditions. Typically, there is a lower chance of additional … [Read more...] about Market Wrap: Crypto Traders Reduce Leverage, Selling Pressure Subsides
Bitcoin Under Pressure, Two-Year Treasury Yield Rises to 21-Month High as US Inflation Report Looms
“Like any financial asset, crypto will suffer from broad market moves. But in particular, crypto (proxied by bitcoin) this year seems to do better during periods when tech is outperforming,” Solot said in an email. “We can see this using a ratio of Nasdaq/S&P500. This correlation may be driven by some overlap of the investor base, or simply because both assets tend to be … [Read more...] about Bitcoin Under Pressure, Two-Year Treasury Yield Rises to 21-Month High as US Inflation Report Looms
El Salvador is building a $1 billion Bitcoin City as pressure on Bukele ramps up
Nayib Bukele, the President of El Salvador, announced that the country will be building a carbon-neutral Bitcoin City. The city will have no property, income, or capital gains taxes, and the massive endeavor will be partly financed by a $1 billion Bitcoin bond issued by Blockstream.And while the move was celebrated in the crypto world, ramping criticism of Bukele’s policies has … [Read more...] about El Salvador is building a $1 billion Bitcoin City as pressure on Bukele ramps up
SHIB Slumped Amid Near-Term Sell Pressure Triggered by Whale Speculation
Meanwhile, the number of unique addresses interacting with SHIB token have fallen by 66.1% since peaking around 107,000 on Oct. 28, according to Santiment. On Oct. 28, there were 53,546 addresses interacting with SHIB for the first time, but the new addresses holding SHIB today have dropped by more than 64%. Source link … [Read more...] about SHIB Slumped Amid Near-Term Sell Pressure Triggered by Whale Speculation