Crypto & Coffee at 8- Cryptocurrency update 13th September
36:05 Share

13th September

Over 700 thousand blocks have been chained to the Bitcoin network On-chain volumes indicate a growing dominance💪🏻

Bitcoin mining hash rate has gradually increased since the China crackdown & Elon induced market Glassnode Week on-chain report states that The 14-day median hash-rate has recovered to 128

EH/s, which is approximately 29% below the all-time-high and reflects a 42% recovery from the July lows. A detailed report can be found here https://bit.ly/2Xl5FbJ. Old coins are not being spent #HODL culture seems very strong in #Bitcoin community William Clemente tweeted that 93% of Bitcoin’s supply hasn’t moved in at least a month! https://bit.ly/38YZHzh

On to some negative news about Bitcoin. Governor Stefan Ingves of Sveriges riksbank warns that Bitcoin could eventually collapse. He compared buying and selling Bitcoins to trading stamps, questioning the staying power of currencies without government backing.

Cardano highly anticipated Alonzo upgrade was a success! Carolin Taling from Husky Pool mentioned via Twitter that the very first block of the Goguen era was done by Husky Pool ( Block No 6236060)

NFT News: On the decline

NFT sales have plummeted by 86% DappRadar https://bit.ly/3k0C8MV data show that the most popular NFT

marketplace, OpenSea, has suffered a loss of 52.47% during the last seven days in terms of volume. Detailed analysis of NFT sales volume was published earlier today by NEWSBTC https://bit.ly/3nqiagJ

Is the NFT hype over, on the verge of decline or will it bounce back with some crazy NFT’s on sale soon? Declining NFT sales has a direct impact on Ethereum transaction fees. In a sense, Ethereum just got usable again. According to Etherscan the average cost of a transaction on Ethereum right now is $12.2. Detailed report on NFT sales & ETH price can be found on Decrypt. The article is https://bit.ly/3A7W7iv

DC Comics & Marvel Entertainment tell freelance artists to hold off on auctioning NFTs featuring the company’s IP Bloomberg LP posted an article on 10th & mentions about a “letter” that artists were told by the two publishers the sale of NFTs of the companies’ characters should be put on hold! https://bloom.bg/3Adem6g . Would be interesting if they published the actual letter & specifics mentioned.

UAE news:

News 1

Understanding Bitcoin (Conference & Workshop) to

take place on 14th to 15th October at Atlantis, The Palm Dubai.

This is the event one should certainly attend! The OG’s of Bitcoin Adam Back Giacomo Zucco, Francis Pouliot, Peter Todd, BTC SESSIONS( youtube) Tone Vays, MIR, Bitcoin Mechanic, Soft Simon, Christian Decker, Alexandra M. Adam Fiscor, Alex Petrov, Stephan Livera.This event is so good! https://www.understandingbtc.com/

“Blood eagle for anyone who talks shitcoin at the event”

News 2

DIFC Blockchain Week 12th Sep — 16th Sept ( Check slides for more info) Today’s sessions by 10 Leaves DIFC Services, SmartCrowd, Arabian Bourse Limited & Quantumi.

For slides & links for official source click here https://www.linkedin.com/posts/r-a-george-19b102104_hodl-bitcoin-blockchaindxb-activity-6843006613373145088-jnvV

Follow me on Linkedin https://www.linkedin.com/in/r-a-george-19b102104/

Website: www.blockchaindxb.com

email: [email protected]

#blockchaindxb #btc