#Bitcoin #ChangpengZhao #Binance

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Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://cheddar.com/media/bitcoin-fell-below-40-000-on-monday-just-months-after-hitting-an-all-time-high

Bitcoin Fell Below $40,000 on Monday Just Months After Hitting an All Time High

Investors were on edge on Monday following bitcoin plummeting below the $40,000 dollar mark, hit its lowest price since September. The world's largest crypto has had months of hot and cold streaks, hitting a record high of $69,000 just months earlier in November. The latest drop now has analysts wondering just what 2022 will have in store for bitcoin and crypto as a whole. Budd White, Chief Product Officer at Tacen explains what’s next for bitcoin and what other cryptos should be on the lookout for.

https://decrypt.co/90251/bitcoin-ethereum-death-cross-should-you-care?utm_medium=referral&utm_campaign=feed&utm_source=flipboard

Bitcoin and Ethereum Are Heading for a 'Death Cross.' Should You Care?

"Death cross" is a technical term from the world of stock trading.

It signifies a rare meeting of the 50- and 200-day price averages.

Death crosses are never good, but crypto experts are not particularly worried.

https://www.makeuseof.com/cryptos-you-can-mine-at-home/

6 Cryptos You Can Mine at Home in 2022

Cryptocurrency mining is incredibly expensive. It requires you to spend thousands in buying expensive GPUs (or ASICs), arranging them together, and spending more to buy power supplies and other computer components. However, not all cryptocurrencies require this much hashing power.

At its core, mining is all about solving complex mathematical problems. For every complex equation solved, miners receive a small "fee" for their efforts. Mining is important as it helps verify transactions on the blockchain. However, the concept of diminishing marginal returns means that miners get paid less and less over time. However, if you have a semi-decent GPU or better, you can mine too!

https://www.bloomberg.com/news/articles/2022-01-12/bitcoin-trading-president-likely-loses-money-for-el-salvadorans

Bitcoin-Trading President Likely Lost Money for El Salvador

El Salvador’s President Nayib Bukele is probably the only head of state in the world who uses public funds to trade Bitcoin with his phone.

So far, it appears he’s lost money. That’s because the process is shrouded in secrecy, though the country has bought at least 1,391 Bitcoins, based on what the 40-year-old Bukele has said on Twitter.

https://edition.cnn.com/2022/01/11/business/binance-changpeng-zhao-net-worth-intl-hnk/

Crypto CEO becomes one of the world's richest billionaires

A cryptocurrency CEO has become one of the richest people on Earth.

Changpeng "CZ" Zhao, who runs the crypto exchange Binance, has joined the ranks of the world's top billionaires, with an estimated net worth of at least $96 billion, according to new calculations from the Bloomberg Billionaires Index published Monday.

Zhao's projected fortune now rivals that of Oracle (ORCL) founder Larry Ellison and surpasses that of Mukesh Ambani, the Indian tycoon whose fortune has also soared over the last two years.

The ascent of the Chinese-Canadian entrepreneur is emblematic of the rapid creation of wealth in the fast-moving world of digital currencies.

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

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DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

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