Crypto Daily News - Sep 5, 2022

ISSUE 398 September 6th 2022

Crypto News

5000 BTC Moved to Kraken Exchange, Bitcoin Losing Momentum

The world’s largest cryptocurrency Bitcoin (BTC) has been trading for under $20,000 for a while now. As of press time, BTC is trading at $19,887 with a market cap of $380 billion. As per the latest development, a Bitcoin whale address has become active for the first time in nine years and moved 5,000 Bitcoins worth $100 million to crypto exchange Kraken.

coingape.com

NFT NYC 2022: A look inside a massive NFT conference

Cointelegraph senior reporter Rachel Wolfson spent a day exploring NFT NYC 2022 to learn about emerging nonfungible token projects,or NFTs, and how the sector may advance. A recent market report published by Verified Market Research (VMR) predicts that the NFT market could reach a value of $230 billion by 2030. NFT NYC 2022 certainly demonstrated the potential of the NFT sector, highlighting some of the most promising use cases and industry experts.

cointelegraph.com

Can Bitcoin mining have a net-positive effect on energy, environment

Bitcoin mining operations’ censure over its ESG concerns never ceases to exist. To make things worse, the mining industry suffered a major decline in 2022 amid the ongoing cryptocurrency winter. Following this, many big crypto-miners opted to sell their BTC holdings.

ambcrypto.com

US Lawmaker Says 'Too Much Money and Power' Behind Crypto to Ban It

U.S. Representative Brad Sherman says Congress has not banned crypto because “there’s too much money and power behind it.” He elaborated: “Money for lobbying and money for campaign contributions works, or people wouldn’t do it, and that’s why we haven’t banned crypto.”

bitcoin.com

Study Identifies the Top 10 States in America Most Interested in Bitcoin, Ethereum

On September 2, the crypto market aggregation web portal Coingecko.com published a study that identifies the top ten states in America that are most interested in the two leading digital currencies, bitcoin and ethereum. The team leveraged Coingecko’s page traffic data and found that California captures 43% of the traffic visiting the site’s bitcoin and ethereum web pages.

bitcoin.com

IMF Says Crypto and Central Banks Could Set the Stage for Rich and Diverse Monetary Ecosystem – Here’s How

The International Monetary Fund (IMF) says that collaboration between central banks and crypto technology could create an innovative and efficient monetary ecosystem.

dailyhodl.com

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CryptoPage - Crypto Newsletter - Issue 398

ISSUE 398 September 6th 2022

Crypto News

5000 BTC Moved to Kraken Exchange, Bitcoin Losing Momentum

NFT NYC 2022: A look inside a massive NFT conference

Can Bitcoin mining have a net-positive effect on energy, environment

US Lawmaker Says 'Too Much Money and Power' Behind Crypto to Ban It

Study Identifies the Top 10 States in America Most Interested in Bitcoin, Ethereum

IMF Says Crypto and Central Banks Could Set the Stage for Rich and Diverse Monetary Ecosystem – Here’s How

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