Crypto News Daily – Sep 18, 2022

Last Updated on September 18, 2022

Death Of GPU Mining? Popular Crypto Profits Go Into Negative As Ethereum Miners Flood Market:
https://bitcoinist.com/death-of-gpu-mining-crypto-profit-negative-ethereum/
“Since proof-of-stake chains don’t rely on miners for hashing blocks, every miner attached to Ethereum was left without the whole of their revenues. Some of these miners have sold off their mining rigs in order to exit the market, while others have moved onto the remaining proof-of-work networks. There is, however, one problem with miners shifting to other coins and it is that all the PoW cryptos that utilize graphics cards for mining (that is, those other than Bitcoin) had magnitudes lesser hashrate than ETH did before the merge.”

This Ukrainian Supermarket Decided To Accept Crypto Through Binance Pay:
https://bitcoinist.com/this-ukrainian-to-accept-crypto-through-binance-pay/

Weekly MacroSlate: A hotter than expected CPI print means a vicious stagflationary environment awaits Bitcoin:
https://cryptoslate.com/market-reports/weekly-macroslate-a-hotter-than-expected-cpi-print-means-a-vicious-stagflationary-environment-awaits-bitcoin/

AS THE CHINA CRISIS DEEPENS, IT’S CLEAR THAT THE GLOBALISTS ARE LOSING:
https://bitcoinmagazine.com/markets/china-crisis-deepens-globalists-are-losing
The main driver of sinking demand is deglobalization and the associated economic contraction. The world has grown to demand roughly 100 million barrels of oil per day and with the deglobalization depression, I can see that dropping to 90 million barrels per day and staying there for years.