The Daily Edge | 4.10.23

Matt Brienen
December 13, 2022
You’re reading a free post. Become a CryptoCharged member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
As of the end of the first quarter of 2023, Russia ranked as the world’s second most powerful Bitcoin (BTC) mining provider, according to the Moscow Times, citing data from Bitriver. During the first three months of the year, Russia generated one gigawatt (GW) of mining power, according to the Moscow Times report. After Russia with 1 GW, the Gulf countries follow as the third-largest mining power in the world with around 700 megawatts (MW) of combined power. The list continues with Canada, Malaysia, Argentina, Iceland, Paraguay, Kazakhstan, and Ireland with 400 MW, 300 MW, 135 MW, 120 MW, 100-125 MW, 100 MW, and 90 MW, respectively.
Kucoin: This month's Proof-of-Reserves has been released This POR verifies that there are 1:1 on-chain reserves for all user assets, and users can carry out their independent verifications by visiting the link.
Jeremy Hogan: The #1 reason why XRP is not a Security (a thread). First, under the legislative definition of a security, XRP can only POSSIBLY fit under the definition of an "investment contract." It is not a stock or bond, etc.. Even the SEC concedes this: "investment contract." View the full thread here.
David "JoelKatz" Schwartz: Let's talk about 10 things. Nobody can speak for XRP(L) and these are just my own views. Also, it's dangerous to say something will definitely not happen. I'm talking about what it's reasonable to expect. View the full thread here.
Kevin Cage: $7-$10 billion in aggregate value will be minted. “By minting patents as NFTs on Casper, patent holders are able to securely verify, store, trade, & license their patents w/ greater transparency and ultimately at lower costs than in traditional patent markets.” Full clip available here.
Rekt Capital: BTC continues to remain inside this structure. No major trend shift as of yet. BTC would need to break beyond the black Higher High trendline to enjoy a bullish breakout. Until that breakout is confirmed, there will be a threat of rejection there.    
Blockchain Backer: As I've speculated in previous videos, I've been looking for a short squeeze in Bitcoin which will mark a local top for a few months. Squeeze seems to be in motion.  

Should you invest in Crypto right now?

Before you consider investing or trading, CryptoCharged's analyst team just revealed their top Weekly Plays and Opportunities.

See the weekly plays