Month: August 2022

While Bitcoin (BTC) has failed in countering this year’s rampant global inflation, it should still be considered as an inflation hedge, says Steven Lubka, the managing director of private consumers at Swan Bitcoin.  According to Lubka, Bitcoin works well as a hedge against rising prices when inflation is caused by monetary expansion. It is less
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Crypto exchange Huobi Global has announced the suspension of derivatives trading in New Zealand. The statement from Huobi said the new restrictions against derivatives offers are in light of compliance with local regulations.  Users in New Zealand will no longer have access to derivatives trading services, which include coin-margined futures and swaps, Tether (USDT)-margined contracts,
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Bitcoin (BTC) sank to intraday support on Aug. 16 as concerns emerged over the fate of United States stock markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. stocks face stiff resistance Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $23,685 on Bitstamp, nearing lows from Aug. 12. After an eerily calm 24 hours,
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In this article CMCSA Mark Hoffman, Chairman of CNBC Mark Hoffman, CNBC’s president since 2005 and chairman since 2015, announced Tuesday he will step down on Sept. 12. Hoffman is leaving of his own accord. NBCUniversal hired Cesar Conde to oversee NBC News, MSNBC and CNBC in May 2020 to bring more centralized leadership to the group.
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Cybersecurity researchers have elaborated a novel attack technique that weaponizes programmable logic controllers (PLCs) to gain an initial foothold in engineering workstations and subsequently invade the operational technology (OT) networks. Dubbed “Evil PLC” attack by industrial security firm Claroty, the issue impacts engineering workstation software from Rockwell Automation, Schneider Electric, GE, B&R, Xinje, OVARRO, and
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A recent spike in short-term Bitcoin (BTC) holders could signal a “final flush” of sellers, meaning the capitulation events have played out, leaving the market ready for months of accumulation.  The latest “The Week On Chain” report from market analysis firm Glassnode on Monday points out that short-term holders (STHs) have expanded their holdings by 330,000
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Singapore-based crypto lending platform Hodlnaut is seeking judicial management to manage its ongoing liquidity crisis and avoid the forced liquidation of assets in the current bear market. The crypto lender informed its users in a Tuesday announcement that they have applied to the Singapore High Court to be placed under judicial management. The firm said: “We are aiming
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