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Bitcoin Bitcoin 44,700.1+1313.5 (+3.03%)05:38:09 - Real-time Data44,691.308:0010:0012:0044,000.043,500.044,500.0Techni...
02/10/2022

Bitcoin Bitcoin
44,700.1+1313.5 (+3.03%)
05:38:09 - Real-time Data
44,691.3
08:00
10:00
12:00
44,000.0
43,500.0
44,500.0
Technical Summary

5 Min:Strong Buy
Hourly:Strong Buy
Daily:Strong Buy
Monthly:Strong Buy
What is your sentiment on Bitcoin?
or
(BTC) hovered around $44,000 on Feb. 9 as a modest uptick towards the Wall Street open provided relief for support levels.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting in the range defined in recent days without significant downside pressure.

Crypto Inu is a play-to-earn NFT multiplayer board game with integration of VR and 3D modes. Players can also sell, coll...
02/09/2022

Crypto Inu is a play-to-earn NFT multiplayer board game with integration of VR and 3D modes. Players can also sell, collect, and trade NTFs for a profit. The team at Crypto Inu has announced the release of its token to the crypto community, which combines non-custodial staking with charity support.

Crypto Inu incorporates real estate investment into its metaverse using its DeFi deflationary token. This enables players to own virtual properties and trade them for real-world value. Players can also customize their cities and own NFT assets like character avatars, buildings, gas stations, schools, and a marketplace while participating in the metaverse.

Crypto Inu aims to give players, content creators, and crypto enthusiasts an NFT real estate game where they can earn passive income by investing in real estate and assets management.

Bitcoin (BTC) held above $41,000 into the weekend after a late surge Friday took the largest cryptocurrency to two-week ...
02/06/2022

Bitcoin (BTC) held above $41,000 into the weekend after a late surge Friday took the largest cryptocurrency to two-week highs.

BTC/USD 1-day candle chart (Bitstamp). Source: TradingView
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD maintaining newly re-won ground Saturday, with the pair's correlation to stock makets firmly in focus.

After coming under intense criticism for consuming too much energy and being bad for the environment, the Proof of Work ...
02/02/2022

After coming under intense criticism for consuming too much energy and being bad for the environment, the Proof of Work blockchain consensus mechanism has lost favor among crypto projects.

The criticism has seen many notable crypto projects make changed, the most high profile of which has been Ethereum’s ongoing transition from Proof of Work to Proof of Stake, which consumes less power and promises greater decentralization.

Dogecoin Goes Proof of Stake

Joining the fray, Dogecoin, the original meme coin, made known its intentions to move to PoS in 2021. The Dogecoin Foundation has now announced that it is working with Vitalik Buterin, Ethereum co-founder, in the transition process.

The Doge Foundation announced that its unique Doge proposal would be for a ‘community staking’ version of PoS. It adds that its PoS would allow “everyone, not just the big players, to participate in a way that rewards them for their contribution.”

Dogecoin’s model of a Proof of Stake blockchain promises increased involvement for its community and DOGE holders in the governance and management of the Dogecoin network.

Vitalik Buterin Is Helping Dogecoin

In a recent interview with UpOnly, Buterin confirmed that he is working with Dogecoin on its PoS journey. Furthermore, Buterin explains that “every major cryptocurrency except for one has an active plan to switch to Proof of Stake.”

Backing up his claim, he adds that “the arguments will be even easier to make once you know that Ethereum is Proof of Stake, and once you know Dogecoin’s plans are further along, and Zcash plans [are] further along.”

In 2021, Buterin proposed that an Ethereum-Dogecoin bridge would boost the speed of transactions on the Dogecoin network.

On the Flipside

Dogecoin (DOGE) has been pushed out of the top 10 largest cryptos by a rallying Polkadot (DOT), which now holds a market cap of $20.2 billion.
Why You Should Care

The migration of crypto projects to Proof of Stake comes amid environmental concerns that threaten the sustainability of crypto projects choosing to adopt Proof of Work.

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WazirX exchange’s native token, WRX, benefited the most from India’s latest U-turn on crypto this week.WRX’s price surge...
02/02/2022

WazirX exchange’s native token, WRX, benefited the most from India’s latest U-turn on crypto this week.

WRX’s price surged nearly 30% to over $1, hitting a three-week high after the Indian government had announced a new tax regime for the regional crypto sector, reversing entirely from its earlier strict stance that even contemplated an outright ban on the emerging industry.

WRX/USD three-day price chart. Source: Javon Marks, TradingView
WRX/USD daily price chart featuring descending triangle setup. Source: TradingView

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