New poll shows top regions where workers are taking crypto salaries

[ad_1] Apart from high-profile athletes and politicians who are taking salaries in crypto, a study shows that the number of ordinary people who take some of their salaries in crypto has increased globally. Tracking trends that occurred in 2021, global hiring firm Deel published a report that noted a 10% month-over-month increase in people who want to be paid in crypto since November 2020.  The data, pulled from over 100,000 contracts in over 150 countries, shows that Latin America (LATAM) and Europe, Middle East and Africa (EMEA) are on top…

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Bitcoin jumps past $50K as US CPI data shows highest inflation in nearly 40 years

[ad_1] Bitcoin (BTC) surged over $1,000 in seconds on Dec. 10 as the United States Consumer Price Index (CPI) data showed inflation in November was worse than anticipated.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView November CPI conforms to expectations Data from Cointelegraph Markets Pro and TradingView showed BTC/USD running to $50,132 on Bitstamp as the data became public Friday. An hour before the Wall Street open, the pair had already hit its highest level in over 24 hours. CPI had been hotly awaited by both crypto and traditional finance analysts…

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History Shows Bitcoin Sound Money Helps Society

[ad_1] It is well established at this point that bitcoin is the best form of sound money the world has ever seen. To recap, bitcoin excels in each of the qualities of money: durability, portability, divisibility, uniformity, scarcity and acceptability. Most importantly, bitcoin is the scarcest money ever, with a fixed supply of 21 million bitcoin that will ever exist. Regardless of demand, the supply is programmatically defined and will never be changed. This article focuses on why having a sound money system is important. How do economies, societies and…

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Travala’s 2021 Q3 Report Shows Crypto Adoption ‘Offset the Negative Impact of the Pandemic’ – Bitcoin News

[ad_1] The crypto-friendly travel company Travala published its third-quarter 2021 report showing the firm has grown significantly alongside the growth of crypto adoption. In fact, cryptocurrency adoption has “more than offset the negative impact of the pandemic,” the company said as Travala posted a record-setting quarter in Q3 2021. Crypto Adoption Bolstered Travel Company Travala’s Third Quarter According to a third-quarter 2021 report published by Travala, the company has seen “explosive growth” in the firm’s three core services: hotels, flights, and activities. In Q3, Travala introduced its “Community Pool” and…

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Traders know not to ‘go long’ when this classic trading pattern shows up

[ad_1] Buying an asset in a downtrend can be a risky maneuver because most investors struggle to spot reversals and as the trend deepens traders take on deep losses. In instances like these, being able to spot descending channel patterns can help traders avoid buying in a bearish trend. A “descending channel,” also known as a “bearish price channel” is formed by drawing two downward trendlines, parallel to each other, which confine the price action of the asset. Descending channel basics In a downtrend, the price action forms a series…

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Derivatives data shows Ethereum traders positioned to extend the ETH rally

[ad_1] Ether (ETH) price rallied 32% leading up to August 23, and despite testing the $3,000 support multiple times, the level has held firmly. Meanwhile, Bitcoin (BTC) could not sustain the $50,000 mark, at least in the short-term. According to Cointelegraph, pro traders are not yet inclined to add bullish positions according to derivatives metrics. Surprisingly, the opposite situation emerges when looking at the sentiment of Ether traders who currently show a reasonable degree of confidence in the current price level. Regulatory pressure and spectacular NFT growth back traders confidence…

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Data shows social metrics surge ahead of DeFi and NFT price rallies

[ad_1] A common saying in the investing world is “The trend is your friend,” a phrase that points to the idea that the majority of the time, sticking with the prevailing market trend will produce positive results. Some of the common metrics used to identify market trends include: technical analysis, which involves studying price charts to spot opportunities; fundamental analysis, which involves looking at a project’s underlying economic and technological factors; and social media metrics, which help an investor listen to the pulse of what the wider public is focused…

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Study Shows NFT Sales Plummeted 90% Over the Last 30 Days, NFT Wallets Dip 70% – Blockchain Bitcoin News

[ad_1] According to a recent study, non-fungible token (NFT) sales have dive-bombed 90% since the market’s record sales on May 3. Market data shows over 130,000 NFT sales that day and 30 days later sales are down to a touch over 84,000, dropping more than 35% last month. Protos.com Study Claims ‘NFT Bubble Has Popped’ Non-fungible tokens (NFTs) have been all the rage in 2021 and sales continue to this day. However, a recent study published by protos.com indicates that NFT sales have been dropping and NFT sale values have…

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