Your quick shot of the latest crypto moves and news, the Crypto Espresso is brought to you by Capital.com Australia (AFSL 513393), a multi-award winning global investment trading platform.
In this edition of Crypto Espresso, Intel gets into mining, Bitcoin holds kind of steady, and can GRT get back to $2.50?
US market close: Prominent coins down
The prominent cryptocurrencies are down on Wednesday after trading mostly lower throughout the week. In afternoon trading, Bitcoin went 1.72% lower, Ethereum sank 1.69%, while Litecoin went down 3.93%. Dogecoin was off by 2.37% and Bitcoin Cash was 3.02% lower.
Intel (INTC) to manufacture chip for crypto mining
Chip-manufacturing goliath Intel (INTC) will reveal a low-voltage, application specific integrated circuit (ASIC) chip on 23 February at the Institute of Electrical and Electronics Engineers Convention. Intel also quietly entered a supply agreement with coin mining outfit GRIID in September.
Crypto market stabilises as NFTs lead recharge
Cryptocurrency markets stabilised on Wednesday after a week of significant losses for many of its most popular assets. Despite the losses, activity in the nonfungible market continues to outpace the trading volume on more centralised exchanges.
Crypto exchange uses El Salvador in bid to skirt regulators
Can a cryptocurrency exchange get around national investment regulations by setting up shop in a more permissive jurisdiction? That’s the issue being raised by Argentinian crypto exchange Lemon Cash, which has delegated custody of digital assets to an entity in El Salvador.
UK crypto news: Data suggest investors expect low volatility
Bitcoin was trading virtually unchanged in London morning hours, with the total market value down 1.95% over 24 hours as of 10:30 GMT.
The Graph (GRT) price prediction: Can the token rebound in 2022?
Hopes that decentralised indexing protocol The Graph’s coin, GRT, may have returned to the once sunlit uplands of $2.50 in the future continue to look distant as it stayed at $0.53 on 19 January. Here’s a look at whether GRT can rebound.
Wink coin price prediction: back in the game?
A little ray of hope lit up Wink, the decentralised gaming platform built on the TRON network, last week when its token WIN shot up 30%. However, it was another short-lived spike and down it came this week by 15% at $0.0004 on 19 January.
This article was developed in collaboration with Capital.com Australia (AFSL 513393), a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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