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Today’s Cryptocurrency Headline
Privacy browser Brave announced the launch of STAR, a system that allows users to participate in private data collection, under cryptographic guarantees that their data will be readable only if other users have contributed the exact same values. Such systems are important for performing privacy-protecting, Web-Scale measurements of software. The system can provide similar or higher privacy than existing systems by using existing cryptographic tools (rather than relying on novel cryptographic primitives). Therefore it will be easier to understand, reduce costs by requiring no special hardware to deploy, and provide affordable solutions for small user groups.
BingX’s Bitcoin Chart
Tesla’s second-quarter 2022 earnings report shows that Tesla has converted about 75% of its Bitcoin holdings to fiat currency, and the average selling price is around $29,000 per Bitcoin. Bitcoin price is almost flat over the past 24 hours. The largest cryptocurrency carried its upward momentum and briefly extended its recovery above $24,200 early today. However, the price fell back to $23,000 after Tesla’s second-quarter 2022 earnings report showed the company sold 75% of its Bitcoin holdings. The relative strength index (RSI) has increased to 60, indicating that bulls have a slight edge. For now, the bulls are attempting to push the price above $24,000.
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