Starting December 7, no new requests for power from Bitcoin mining operations will be accepted from the country’s energy utility service.
‘Onston’ will strengthen the NFT market together with ICONIC SOUNDS (CEO Te-sung Kim). On the 29th, at ICONIC SOUNDS’ headquarters in Seoul, Onston (‘MKDL’)’s multi-metaverse project and global memorandum of understanding (MOU) were signed for the establishment of the metaverse […] The post Onston, MOU with ICONIC SOUNDS, a global music publishing company appeared first on Blockmanity.
Ethereum traded above $4,400 before correcting lower against the US Dollar. ETH must stay above $4,150 to start a fresh increase in the near term. Ethereum started a fresh upward move above the $4,200 and $4,250 resistance levels. The price is now trading above $4,200 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $4,310 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh rally if it stays above $4,200 and the 100 hourly SMA. Ethereum Price Remains Supported Ethereum gained pace above the $4,000 and $4,150 resistance levels. ETH even broke the $4,250 level and settled well above the 100 hourly simple moving average. The price climbed above $4,400 and traded as high as $4,426. It is now correcting gains and traded below the $4,350 level. Ether price declined below the 23.6% Fib retracement level of the recent increase from the $3,901 swing low to $4,426 high. However, the bulls were active near the $4,250 level and the 100 hourly simple moving average. It is now rising and trading above $4,300. There was a break above a key contracting triangle with resistance near $4,310 on the hourly chart of ETH/USD. An initial resistance on the upside is near the $4,350 level. The first major resistance is near the $4,400 level. The next major hurdle is near the $4,520 level. Source: ETHUSD on TradingView.com A clear move above the $4,420 could send the price further higher. In the stated case, the price could drift towards the $4,550 level in the near term. Dips Limited in ETH? If ethereum fails to start a fresh increase above the $4,350 level, it could extend its downside correction. An initial support on the downside is near the $4,300 level. The key support is now forming near the $4,250 level and the 100 hourly simple moving average. If there is a clear break below the $4,250 support, the price could extend losses. The next major breakdown support is $4,150 or the 50% Fib retracement level of the recent increase from the $3,901 swing low to $4,426 high, below which the price could decline towards $4,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is now well above the 50 level. Major Support Level – $4,250 Major Resistance Level – $4,400
The Enso team hopes to capture over a billion dollars in total value locked (TVL) from the stunt, but users must remain staked for at least 3 weeks to see any benefit.
Holding Ethereum has been very profitable for many crypto enthusiasts. But did you know that you can also multiply your holdings by earning interest on your Ethereum deposits through an Ethereum savings wallet? When you open an Ethereum savings wallet, you can deposit your Ethereum holdings into the savings wallet. The savings wallet provider will […] The post Ethereum Savings Wallet appeared first on Boxmining.
Fundstrat Global Advisors’ head of research says bitcoin still has “exponential growth ahead” of it. While acknowledging recent price swings of the cryptocurrency, the strategist emphasized that bitcoin has so far regained its losses in short periods of time. Bitcoin Still Has ‘Exponential Growth Ahead’ Fundstrat Global Advisors’ managing partner and head of research, Thomas […]
Chicago Mercantile Exchange (CME) Group has expanded its crypto derivatives offerings by launching Micro Ether Futures. The post Micro Ether Futures now live on CME Group to hedge price price of spot ETH appeared first on CryptoSlate.
Lending and borrowing cryptocurrencies is becoming an increasingly important sub-sector of the crypto industry, one that may end up shaping how the underlying assets themselves are valued and priced in markets. Since many crypto enthusiasts invest in crypto with a long-term mindset anyway, the idea of letting assets generate a return regardless of the price […] The post How Do Crypto Savings Accounts Work appeared first on Boxmining.
“What is clear is that if we embrace these developments, Australia has an enormous opportunity to capitalize on the convergence between finance and technology,” Treasurer Josh Frydenberg said.
Only a few weeks ago, CEO Zhu Su was blasting ETH on Twitter for high gas fees and accessibility issues. Now, his company is buying the dip.
Bitcoin extended its recovery above $51,000 against the US Dollar. BTC must remain stable above $49,500 to continue higher in the near term. Bitcoin started a recovery wave above the $50,500 resistance zone. The price is now trading above $50,000 and the 100 hourly simple moving average. There was a break below a connecting bullish trend line with support near $50,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it is above the $49,500 level. Bitcoin Price Loses Steam Bitcoin price extended its recovery wave above the $50,000 resistance zone. BTC even climbed back above the $50,500 and $51,200 resistance levels. However, the price failed to surpass the $52,000 resistance zone. A high was formed near $51,955 and the price is now correcting gains. There was a break below the $51,000 support zone. The price declined below the 23.6% Fib retracement level of the upward move from the $47,210 swing low to $51,955 high. There was also a break below a connecting bullish trend line with support near $50,800 on the hourly chart of the BTC/USD pair. The pair is now trading above $50,000 and the 100 hourly simple moving average. Source: BTCUSD on TradingView.com An immediate resistance on the upside is near the $51,000 level. The next major resistance is near the $51,800 level. A clear break above the $51,080 resistance zone could open the doors for more upsides. The next key resistance is near the $52,000 level, above which the price could rise further. In the stated case, the price could rise towards the $53,500 level. More Losses In BTC? If bitcoin fails to clear the $51,800 resistance zone, it could continue to move down. An immediate support on the downside is near the $50,000 level. The first major support is now forming near the $49,500 level and the 100 hourly SMA. It is near the 50% Fib retracement level of the upward move from the $47,210 swing low to $51,955 high. A downside break below the $49,500 support may perhaps increase selling pressure. The next stop for the bears might be $48,000. Technical indicators: Hourly MACD – The MACD is slowly gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently below the 50 level. Major Support Levels – $50,000, followed by $49,500. Major Resistance Levels – $51,800, $52,000 and $53,500.
If the recent trend in Bitcoin network hash rate continues, we should see new all-time highs by the end of the year.
According to Economic Times, Indian crypto exchange WazirX has opened an account with Kotak Mahindra Bank that will allow the exchange to send and receive payments from investors. The post Prominent Indian bank partners with WazirX to facilitate payments to crypto investors appeared first on CryptoSlate.
The Bank of Thailand doesn’t want local banks or businesses using crypto, while the tourism ministry is still trying to attract crypto whales.
Cross-chain integrations and the growing popularity of Terra’s UST stablecoin are just a few of the factors behind LUNA’s recent rally to a new all-time high.
AscendEX is thrilled to announce the Listing of the REVV Token (REVV) under the trading pair REVV/USDT on AscendEX starting on Dec 8 at 2 p.m. UTC. REVV is a digital currency gaming platform focusing on racing games and allows for in-game purchases using their native Token REVV. REVV is designed for true digital ownershipRead More
Crypto-friendly travel website Travala has added support for the shiba inu cryptocurrency. SHIB can now be used to book more than 3 million travel products worldwide on the site, including flights, hotels, and travel packages. Travala Adds Support for Shiba Inu Crypto Travel website Travala announced Tuesday that shiba inu cryptocurrency has been added to […]
A series of swift liquidations took the bitcoin price down to a potential bottom of $42,000.
AI robot Sophia is set to be tokenized and auctioned as part of a Metaverse project called “Noah’s Ark.” Binance is launching this campaign as an Initial Game Offering (IGO). The post Binance to offer world’s first Initial Game Offering (IGO) featuring AI robot Sophia appeared first on CryptoSlate.
Saule Omarova backed out of her nomination to be the Comptroller of the Currency amid a blizzard of scrutiny over her positions on crypto and banking.
Bitcoin is back up above the $50,000 level after a recent slump over the weekend. Could the steep correction be a possible roadblock in its $100k year-end price prediction? Current cycle peak BalletThe post Can analysts maintain '$100,000 in 2021' prediction for Bitcoin, after weekend slump appeared first on AMBCrypto.
Billionaire Barry Sternlicht Discusses Bitcoin Price Rising to $1 Million — Calls BTC a ‘Smart’ Hedge
The chairman of Starwood Capital Group, billionaire Barry Sternlicht, has shared his view on how bitcoin could grow to be worth a million dollars a coin. He calls the cryptocurrency a “smart” hedge in a world where the government just keeps on printing money. Billionaire Barry Sternlicht Believes Bitcoin Could Rise to $1 Million per […]
NFT marketplace Nifty Gateway announced they will be launching a new wallet-to-wallet trading feature to Buy and Sell NFTs directly from the user’s Ethereum wallet, which allegedly will allow saving “up to 75% on gas fees compared to other platforms.” The digital art platform claimed to have been working on making the non-fungible tokens trading […]
“Civilization always wants a different thing from what governments want: a contrary thing, most of the time.”
As Bitcoin (BTC) is coming out of a harsh weekend with a 5% drop and a huge sellout, ether (ETH) still maintains its strength in comparison, which has been happening since October. Arcane Research’s weekly update shows that the ETHBTC pair reached its highest level since May 2018 reaching 0.085 BTC, seeing possible signals of maturity and an upcoming alt-season. In 2021, ETH has shown greater strength than bitcoin. The cryptocurrency could be signaling its maturity as it sees higher lows –compared to BTC– than it did in 2017 and 2018. However, Arcane Research noted that back in 2021 and 2018 the strength of ETH and altcoins’ performances in periods when BTC saw lows also signaled lower prices to come, so a similar scenario could happen during 2021’s fourth quarter. The current ETHBTC pair peak is similar to the one seen in May, which was followed by May 19th’s crash during massive liquidations and new buyers panic –which some users called the second worse day ever for Ethereum, although similar phenomenons had happened in earlier years–. Then, the ETHBTC pair saw another spike at the beginning of September as Bitcoin saw lows on the 7th. Furthermore, we could be facing froth in the market as altcoin’s strength has signaled before. Ether was also down on Saturday but surged to the mentioned 0.086 Bitcoin high during Sunday. The price dropped 5.5% on Monday to $3,965, and overall, it traded down by 0.51% in the past week compared to BTC’s 10.06% decline. Today, the Ethereum price is up again around $4,352.74, up 2.93% in the day-to-day, surging more than 24% from the low. Even though it’s 9% away from its all-time high, it is also 496% up in comparison to 2021’s early days. ETH also shows a 24-hour trading volume of $23,566,690,676 and a market cap of $512,648,545,331. Related Reading | Ethereum “Accumulation” Nears Liftoff Phase: What This Could Mean For Bitcoin Bitcoin Dominance Sees New Lows Today, Bitcoin’s dominance is 40.65%, seeing no increase over the day. It had fallen towards 40% on December 5th as it saw its newest bloodshed. BTC also saw its dominance drop in September and May, but it has not seen other lows alike since May 2018. As the crypto market started to fall on Friday –with 372,000 liquidated crypto accounts by Monday totaling $2.3 billion-, Saturday’s early morning saw bitcoin drop $10,000 in price, going from around $57,000 to $47,000. Over the weekend, the drop reached a $14,000 loss and experts saw no clear reason for it, but since then traders have suggested a connection with the fear around the Omicron variant plus market moves exaggerated by lower trading liquidity. Compared to its November all-time-high, BTC is down by $21,000, but also up over 75% in all 2021. The price has climbed back up to over $50,000, more than 4% higher, and the total crypto market cap surged 5% to $2.5 trillion. Some expect a hard end of the year for Bitcoin as it has not shown its regular strength, but at the same CNBC quoted Will Clemente, insights analyst at Blockware Solutions, who thinks these dynamics are “healthy and show supply continues to move to long term investors” and BTC could actually see a new bull run at the start of next year: There’s a reasonable case that we could see the opposite effect heading into Q1, as funds are willing to take on more risk for the new year with fresh profit and loss, … This effect assisted in bitcoin’s massive move in January 2021. Related Reading | Ethereum Lacks Momentum Above $4,200, But Dips Likely To Be Limited
In 2020, the United States Federal Reserve embarked on a massive dollar printing journey, necessitated by the need to deliver financial stimulus packages for the American taxpayers during the wave of the Covid-19 pandemic. The post How U.S. excessive dollar printing benefits crypto appeared first on CryptoSlate.
Last week, the price of Bitcoin crashed to below $50K. This signaled that the market might finally be nearing the dreaded bear market as billions of dollars in longs were liquidated with prices plunging to $45K. The bitcoin crash, as always, brought down the whole market with it and most altcoins suffered one of their […]
NFTs in gaming have been a hot topic in recent months, but one that hasn’t yet truly seen the light of day – outside of crypto-dedicated projects. While traditional gaming brands and properties have generally shared some sort of sentiment around NFTs, none have made any real splash into the blockchain space yet. That could […]
Christmas is just around the corner and Cardano founder Charles Hoskinson is already in the Christmas spirit. The founder went live on YouTube on Monday to do another surprise AMA where he answered questions from the community. As usual, Hoskinson responded to a number of questions from community members who asked about the Cardano project. What Cardano Founder Wants For Christmas During the AMA, Hoskinson gave a rundown of what he would like for Christmas and it was not your usual itemized list of stuff people want for Christmas. Instead, Hoskinson decided to address a pressing issue in the crypto space and that is the divide that is very much present among investors of different projects. Related Reading | Cardano Records Over 20 Million Transactions Ahead of DEX Launches Cardano has been one of the harder hit projects when it has come to FUDs in recent times. The project had been subjected to what can be described as hateful comments all-around social media especially since its token ADA began its two-month-long decline. To this end, Hoskinson wants everyone in the crypto industry to start getting along. “The one thing I want for Christmas is for everyone to start getting along in our industry. It’s extraordinary to me that when people are so close in philosophy and viewpoint, and in some cases technology, they can be so far apart as people. It’s extraordinary,” the founder said. ADA trending low at $1.4 | Source: ADAUSD on TradingView.com Pushing For Better Systems Going Forward Hoskinson also addressed the systems that have kept investors against each other for years. He said that the crypto space is where this is more prominent as other industries do not see as much hate between each other as the crypto industry. Related Reading | Number Of Cardano Wallets Staking ADA Crosses 1 Million “You don’t see this in other industries,” Hoskinson said. “You don’t see in physics or biology, or cellphone manufacturing, or whatever, pick an industry, the amount of tribalism, hate, and vitriol that our industry has for each other.” The founder went on to explain that as long as people keep hating each other, there will be no way to fight the real enemy, which he identified as the legacy systems. He said this system has held down three billion people and will continue to do so. The founder also acknowledged that this will not be easy as there will always be those who try to divide others in the space. Hoskinson explains that there will be books and podcasters saying things to divide people. Even on social media, where the majority of the vitriol will be spilled. However, it is up to everyone in the industry to take a stand and put a stop to the hate. “That has to stop and the only way it’s going to stop is if we get better systems that are more fair. And the only way we do that, is we have to work together. So, we’ll see, 2022, whether that’s accomplished.” Featured image from Yahoo Money, chart from TradingView.com
According to Chainalysis, more than 80% of all non-fungible tokens (NFTs) transactions in 2021 were from retail buyers, as they were worth less than $10,000. However, the report stated that while most transactions were small, the large volumes were mainly driven by institutions and collectors, accounting for 1% and 19%, respectively. Chainalysis issued a report on Monday […] The post Chainalysis Says Retail Buyers Comprise Over 80% of NFT Transactions In 2021 appeared first on Latest Crypto News. Chainalysis Says Retail Buyers Comprise Over 80% of NFT Transactions In 2021 was first posted on December 7, 2021 at 5:46 pm.©2021 "Latest Crypto News". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at firstname.lastname@example.org
American Express’ Amex Ventures, Visa, Citi Ventures, DRW Venture Capital, Jump Capital, Marshall Wace, Block (formerly Square Inc.), and Paypal Ventures are among investors in the latest funding round of crypto transaction monitoring and forensics platform TRM. Amex, Visa, Citi, Paypal Invest in TRM Platform Crypto transaction monitoring and forensics platform TRM announced Tuesday investments […]
William Burns said that building knowledge on crypto was “an important priority” for the CIA, and he planned to devote “resources and attention” to it.
Fear runs deep in the crypto market as major cryptocurrencies re-test critical support levels. On December 3rd, Bitcoin’s price wicked into the lows at $40,000 resulting in a record number of liquidated positions across exchange platforms. Related Reading | Crypto Market Analysis: December 6, 2021 At the time of writing, almost every cryptocurrency, but Bitcoin in the top 10 by market cap seems to show signs of recovery. The benchmark crypto trades at barely north of $50,000 after it was rejected at $51,500 with small losses in the past 24-hours. Data from Arcane Research shows that the Fear and Greed Index has been fluctuating with the price of large crypto by market cap. During the last week, this metric stood in the “Fear” levels right up until Friday’s crash when it dipped further into “Extreme Fear”. Although the metric was able to bounce from a low at 16 it now scores a 25 in the metric, almost 50 points less than in November when it stood at Greed with 73. The index is still close to its yearly lows, and closer to post-May 2021 levels when an increase in selling pressure slumped the prices of every major crypto. These levels remained at their lows from that moment until mid-August, when Bitcoin finally broke above $40,000 and into an all-time high at $69,000. Arcane Research noted the following: (…) panic spread across the market following the weekend sell-off. We haven’t seen such a fearful market in almost four months. The market sentiment bounced off the lows on Tuesday as the market recovered strongly, but we are still in the “fear” area (…). A “Fear and Greed” Index on Extreme Fear levels, according to certain analysts, has historically preceded crypto market local bottoms. However, a run into new highs could see an obstacle as the macro-economic outlook turn complex. The Crypto Market At Risk For Macro Factors? QCP Capital believes the selloff was caused by fear of the new COVID-19 variant, Omicron, inflation concerns, weakness in the Chinese stock market, and the possibility that the U.S. FED begins to taper its asset purchasing program. Related Reading | How Crypto Champions can help you increase the rarity of your NFT The Chinese crypto market, in particular, holds concerns. This has translated into persistent negative funding rates across exchanges platforms. QCP Capital claimed: This indicates persistent selling out of China. In contrast, funding rates in other exchanges normalised very quickly (…). With the persistent negative funding in Chinese exchanges, we reckon a push higher in spot could actually trigger a short-squeeze. The crypto market already shows signs of this short squeeze, but it could face more downside due to the aforementioned macroeconomic factors.
SHIB Price Analysis: Shiba Inu Likely To Consolidate Before Next Breakout, Travala.com To Accept SHIB Payments
Shiba Inu is seeing a slight rebound in the last 24 hours At the time of writing, SHIB was trading at $0.00003679 SHIB is now listed as a payment method on Travala.com The cryptocurrency market is experiencing a rebound after the prior days’ declines. Shiba Inu is seeing a slight rebound in the last 24 […] The post SHIB Price Analysis: Shiba Inu Likely To Consolidate Before Next Breakout, Travala.com To Accept SHIB Payments appeared first on Latest Crypto News. SHIB Price Analysis: Shiba Inu Likely To Consolidate Before Next Breakout, Travala.com To Accept SHIB Payments was first posted on December 7, 2021 at 5:04 pm.©2021 "Latest Crypto News". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at email@example.com
PRESS RELEASE. The blockchain revolution has captured the attention of millions in the past decade. The advent of cryptocurrencies like bitcoin has redefined the concept of money, while smart contract networks have expanded blockchain applications towards different sectors. While crypto adoption continues to grow, the onus is on the underlying technology to adapt to the […]
There is little to no doubt that the burgeoning crypto niche, non-fungible tokens (NFT) has been one of the best performing spaces in 2021 as it witnessed an unprecedented growth in transaction volume and the rate of its adoption. The post How retail buyers are dominating the NFT market in search of profit appeared first on CryptoSlate.
Bitcoin has undergone many improvements over the years — and not without its share of controversy.
Legislatures from Puerto Rico Island will hold meetings on the use of blockchain technology to cut corruption. The decision could underpin cryptocurrencies like Bitcoin. The island has been beset by corruption allegations and they believe blockchain technology will help reduce graft cases in the government. Leaning on Blockchain Technology The House Speaker of Puerto RicoRead More
Starting with Ghost Recon Breakpoint, Ubisoft will drop NFTs to PC players on Thursday on the Tezos blockchain.
Bitcoin is struggling to hold $50,000, but that’s not stopping SUPER, PBR and BTT from tacking down double-digit gains.
Unlike the rest of the market, Ethereum did not witness much decline on December 4. On that day it only fell by 2.3%. However, the wick it created managed to terrify every Ethereum investor. The biggeThe post The ups and downs in Ethereum prices can be attributed to this appeared first on AMBCrypto.
With the addition of the new fund, 10T Holdings’ assets under management would likely exceed $1 billion.
According to VentureFounder, the third-largest Bitcoin (BTC) whale has bought over 2,700 tokens, worth $137 million, in 24 hours. This procurement by the mysterious entity came about when the leading crypto was trading above the $50K threshold. With the latest addition, the total BTC haul by the whale over the past two weeks now stands […] The post Whale With Third-Largest BTC Haul Adds Another $137M Worth of Coins to Their Stock appeared first on Latest Crypto News. Whale With Third-Largest BTC Haul Adds Another $137M Worth of Coins to Their Stock was first posted on December 7, 2021 at 3:52 pm.©2021 "Latest Crypto News". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at firstname.lastname@example.org
This month, a Bitcoin mining operation is launching northeast of Niagara Falls, on the site of decommissioned coal-fired Somerset Generating Station, The New York Times reported. The post What is driving Bitcoin miners to New York’s fading blue-collar towns? appeared first on CryptoSlate.
Australia wants to be at the forefront of cryptocurrency adoption
XTZ price broke its downtrend with a swift 50% rally once news that Ubisoft’s new NFT platform is built on Tezos blockchain made the rounds in various media.
Zimbabwe’s central bank Governor John Mangudya said in a recent interview, that the country is looking at a digital currency backed by the regulator at the moment, rather than cryptos like Bitcoin. The post 'We are definitely almost there,' Zimbabwe’s central bank governor on CBDC appeared first on AMBCrypto.
Bitwise CIO Says $100K Bitcoin a Difficult Prediction to Make, Calls Ethereum the ‘Asset of the Year’
While there’s been an awful lot of calls for bitcoin to reach six-digits in value in 2021, as the end of the year draws closer, it doesn’t seem like $100K per bitcoin will happen. Bitwise Asset Management’s chief investment officer Matt Hougan told the press on Monday that “$100,000 by the end of the year […]
If there is one thing bitcoin bull markets are good for, it’s drawing investors into the market. This has been the case for all of the past bull rallies and the 2021 rally was no different. The number of investors who bought their first BTC this year has been significant, soaring higher than the number of investors that were already invested in the cryptocurrency. Grayscale LLC carried out a survey that showed that 2021 has been a remarkable year for new bitcoin investors who flocked to the market en masse. The multiple bull runs this year brought with it heightened interest from both individual and institutional investors and that fact shone through in the data collected by Grayscale. Related Reading | Croatia’s Largest Supermarket Chain Rolls Out Bitcoin Payments 55% Of Investors Got In This Year Grayscale LLC carried out a survey that consisted of 1,000 respondents and the results have shown some interesting trends. According to the survey carried out in mid-August, a larger percentage of all investors in bitcoin only started investing this year. Of the 1,000 respondents, a quarter (25%) said that they already bought and owned BTC but more interesting was the fact that 55% of all respondents who owned BTC said that they started investing in the digital asset this year. BTC starts another recovery trend | Source: BTCUSD on TradingView.com This follows the growth trend of the digital asset and other cryptocurrencies as investors placed their stakes in various assets. Another space that has benefitted from the increased interest has been the DeFi space, which has grown exponentially in the space of one year. Investors Cannot Ignore Bitcoin Bitcoin is more or less already mainstream and the responses to the survey showed that this is the case. Investors, no matter what their preferred method of investment is, can no longer ignore bitcoin, or even the promise that the digital assets holds going forward. Grayscale noted this fact in the survey report as it stated that “it is becoming increasingly difficult for investors to ignore bitcoin as its price continues to rise.” Related Reading | SEC Boss Acknowledges That Bitcoin Is A Competitor For U.S. Banking System About 80% of the respondents also answered that they were likely to invest in bitcoin through an exchange-traded fund, indicating that even those who are yet to invest in BTC have the asset on their radar. However, this is impossible right now as the SEC is yet to approve any bitcoin exchange-traded funds. Other interesting findings from the survey were that more investors (60%) were willing to purchase BTC through an app. In contrast to this, over 75% of polled respondents in 2020 had revealed that they would rather purchase their bitcoin through an exchange. Chart from TradingView.com
Bank for International Settlements (BIS) says DeFi’s Governance Structure Is A Natural Entry Point for Public Policy
These entry points can be used to contain DeFi-related issues “before this ecosystem attains systemic importance,” said the agency. The post Bank for International Settlements (BIS) says DeFi’s Governance Structure Is A Natural Entry Point for Public Policy first appeared on BitcoinExchangeGuide.
The addition of BTC and XMR to the SeinnaSwap decentralized exchange was endorsed by cryptocurrency entrepreneur Roger Ver.
Bitcoin's price movements impact those of several cryptocurrencies in the market, with the altcoin king Ethereum following closely. But this is the story of the spot market, what about the DeFi marketThe post The reason these DeFi altcoins see recoveries higher than Ethereum, Solana appeared first on AMBCrypto.
Solve.Care, a blockchain technology firm that develops solutions for the global healthcare industry, opened their new development portal Care.Labs today. Care.Labs will help doctors and developers design the Solve.Care platform networks. The Care Network The Care Network is a digital healthcare network that links healthcare providers and helps them deliver streamlined care. By developing healthcareRead More
Meanwhile, since Saturday, USDT and USDC’s market cap has grown by about $2 billion. The post Over 4.4 Billion Added in Total Stablecoin Supply in the First Week of December first appeared on BitcoinExchangeGuide.
A Stage Set For Inspiration The world can often feel upside down these days. What if we were able to make a blockchain bubble that felt just right for a bit? When I met with the founding team of Blockchain World in Dubai last time I was over there, I fell in love with their vision for Blockchain World. It was about setting up a TED talk environment for the main stage, bringing in passionate blockchain educators, as well as making it a worthy show via NFTs & more. Abu Dhabi is now playing catch up to Dubai, after having observed how the city has faired with it. This means that among the 20K expected attendees, there will be serious players, and the NFT exhibits will be very interesting as well. The Digital Fire(side) The Helicon studio concept is also intriguing, on how to make presenting NFTs, panels and firesides much more casual. The stage presentations will shift from various useful ideas, interesting panel discussions to personal stories on how blockchain has changed the lives of many people. NFT Cars I’ll be attending with the NFT cars previously seen at the WOW Summit at the Atlantis, as well as present a new motion NFT. They are the future of limited edition luxury art cars. 55 Art Cars Auctioned and sold as and with NFTs, with Dr Marwan Al Zarouni, the CEO of Dubai Blockchain Center. Outside the car VR assets, we are going to present a new expansion to the project on the main stage as well. Artcar.io We are also constructing, together with the Blockchain World team, a souped up version of my physical studio in Helsinki for the stage. Brittany Kaiser is also one of the speakers, and will do a joint session with me on the Helicon studio regarding what we just recorded in Helsinki together. This is the first publication by my very talented photographer friend Ilkka Mattila. This was a separate satellite shoot among the whole as a visualised Own Your Data session. “Brittany visited Finland Nobember 2021. I had a possibility to meet her and be a part of photography showing how addicted and naked we are in front of global data giants such as Meta etc. Brittany’s hard work for our rights on our data was to be described as well. In front of data giants we are literally naked – there is nothing we can hide. And there are data flows guiding us on our daily routines whether we liked it or not.” – Ilkka Mattila Talented Artists & Entrepreneurs Among the other NFT artists, the talented Kristel Bechara(@atelier_kristel) We will also get some updates from me and Mr. Hrish from Superworld regarding our Luxor NFT / VR temple build A sneak preview of the Luxor temple NFT gallery. Krypto Granny and Papa Blockchain will make a combo presentation on the main stage, so don’t miss out on some powerful based crypto education. It was also a real pleasure to chat art, NFTs, artcars and more with the Crypto Sheiks in their cosy home studio. The guys will also be present at the Blockchain World conf. Listen to the ep here I, for one, can’t wait to see the Abu Dhabi Louvre, the grand mosque, and more. Blockchain World will be held in ADNEC, Abu Dhabi on 15-17 December 2021, incorporating the informative DCS Summit, the world’s first – Helicon Studio, an immersive Blockchain and NFT show and activations that will talk about the ‘Future Vision’ of digital technology with a live studio audience and exclusive celebrity guests. Oh… and here is the new signature and logo that will go on prints as well as conference branding 🙌 See you at Blockchain World. V E S A Crypto & NFT Artist All links to physical, NFTs, and more below http://linktr.ee/ArtByVesa
Part two of thee of the From The Ground reports based on Stephen DeLorme’s phenomenal work. Here’s the first edition, but let’s recap. DeLorme is a designer who’s got a grant from Spiral BTC to work with the Bitcoin Design Community. They produced the outstanding Bitcoin Design Guide. He’s also a caring human who asked […]
Data shows the Bitcoin crash from a few days ago flushed out $5.4 billion from futures open interest within the matter of hours. Cascade Of Long Liquidations Lead To 24.5% Reduction In Futures Open Interest As per the latest weekly report from Glassnode, when the price of Bitcoin crashed down to $42k a few days […]
The recent market sell-offs triggered by the Bitcoin flash crash painted most coins’ price charts red. However, some altcoins like Terra swam against the tide while others like MATIC registered a quThe post This could make or break MATIC's journey to new ATH appeared first on AMBCrypto.
Data shows following the crash, Bitcoin funding rates flipped to negative for the first time since September as market sentiment resets. Bitcoin Funding Rates Turn Negative For The First Time Since Late September As per the latest weekly report from Glassnode, market sentiment reset after the latest crash in BTC’s price as funding rates turned negative. The “perpetual funding rate” is an indicator that measures the periodic fee that Bitcoin futures traders have to pay each other to keep their positions. This metric helps us know about which direction leveraged positions tend to. When the indicator’s value is negative, it means short traders are currently paying long traders to hold on to their position. Such a trend may show that the market sentiment is bearish on the price of BTC. On the other hand, if the metric’s value is positive, it means the market shares a majority bullish bias as long traders pay a premium to the short traders. Now, here is a chart that shows the trend in the Bitcoin funding rates over the past six months: Looks like the funding rates dipped to negative recently | Source: The Glassnode Week Onchain (Week 49) As you can see in the above graph, the funding rates have been positive for many months now, but following the crash they have turned negative. Related Reading | Understanding Bitcoin UTXO: Mid-To-Long Term Holders Responsible For November Correction The reason for this switch is that due to the crash, there was a cascade of long liquidations. This kind of situation can push the funding rates down and to the opposite side. These long liquidations resulted in the open interest being flushed of $5.4 billion in futures contracts. And subsequently, the funding rates declined to around -0.035%. While this is the first time since late September that the funding rates have turned negative, such highly negative values were only seen back in July. Related Reading | Data Shows Bitcoin Short-Term Holders Have Started To Sell At A Loss This flip to negative means that the Bitcoin market sentiment has now been reset. BTC Price At the time of writing, Bitcoin’s price floats around $51.3k, down 12% in the last seven days. Over the past month, the crypto has lost 16% in value. The below chart shows the trend in the price of the crypto over the last five days. BTC's price recovers a bit from the crash in the past 24 hours | Source: BTCUSD on TradingView A few days back, Bitcoin’s price crashed down to $42k. Quickly after, it recovered a bit to higher levels, and then consolidated for a couple of days. In the past day, the coin has shown some recovery as it has once again broke above $51k. Featured image from Unsplash.com, charts from TradingView.com, Glassnode
Alexandria Ocasio-Cortez, otherwise known as AOC, is a New York representative well known for her political stances and statements. The Democrat believes that it is “absolutely wild” that U.S. representatives can buy and swap popular stocks. AOC also thinks it’s not ethical for members of Congress to own cryptocurrencies. AOC Doesn’t Hold Crypto Because She […]
Travala has added support for the Shiba Inu cryptocurrency
The third annual Bitcoin Investor Study published by Grayscale Research demonstrated continued growth in interest, awareness, and adoption of Bitcoin and the digital currency ecosystem at large. The sThe post Grayscale report finds U.S. investors 3x likelier to consider Bitcoin as investment than... appeared first on AMBCrypto.
Bitcoin and ether suffered a major flash crash over the weekend, sending cryptoasset values down by some 20% at points. Prices have now recovered somewhat but both cryptos remain trading well below pre-weekend levels. Bitcoin began last week trading in the $57,000 range, with some movement during the week, but nothing remarkable. This changed on Friday however as the cryptoasset began to fall precipitously. BTC declined to a low of $45,412 in a matter of hours – a near 20% collapse. Ether likewise fell victim to the flash crash. Having traded up toward $4,700 midweek ETH began to fall in trading on Friday from around $4,600 to a low of $3,652 – a fall of over 20%. Both cryptoassets have regained a measure of stability since, with prices rebounding modestly. BTC is now trading around $47,900 while ETH is trading around $4,000. Speculation has been rife over what caused the flash crash, with some analysts citing the expiry of leveraged positions. Other evidence meanwhile points to significant increased activity with investors moving cryptoassets from wallets to exchanges – making reaction to price movement more precipitous when it comes. The wider backdrop of investment market fears over Omicron seems to be in play too however. Bitcoin spot ETF launches in Canada Major asset manager Fidelity Investments has a bitcoin spot ETF in Canada. The ETF – named the Fidelity Advantage Bitcoin ETF invests directly in bitcoin or through derivative instruments. At least 98% of the ETF’s holdings will be stored in cold wallets. The fund is listed on the Toronto stock exchange with the ticker FBTC. The fund will have a 0.4% management fee for investors with customers given the option of investing via Canadian or US dollars. Canada is a popular destination for crypto ETFs with more than 20 available to Canadian investors. Fidelity’s offering however is unique among crypto ETFs in offering physical holdings of bitcoin rather than trading on futures. MercadoLibre to accept cryptoassets Major Latin American online marketplace MercadoLibre now allows customers in Brazil to exchange and pay for products in cryptoassets. The firm has announced users in Brazil will be able to buy, hold and sell bitcoin, ether and a U.S Dollar based stablecoin, Pax Dollar. The combination of two major cryptoassets and a stablecoin on MercadoPago, the payments platform of MercadoLibre, will enable customers to conduct transactions for products priced in fiat currency using their cryptoassets. MercadoPago is authorised by Brazil’s central bank, making it easier for the firm to begin its crypto operations there. But MercadoLibre more generally operates in many Central and South American countries, suggesting a potential customer base for new crypto payments of millions as it expands its offering. Square rebrands in wake of Dorsey Twitter departure Payments firm Square has announced it is rebranding to ‘Block’, days after its chief executive Jack Dorsey stepped down as head of Twitter. The company said in its announcement the new name had many associations, but among them was the use of Blockchain technology in some of its projects. Square Crypto, a separate initiative of the firm which aims to promote the use of bitcoin is also changing its name to Spiral. The Square brand won’t be disappearing though – Square remains the name of the firm’s seller business, which is among a stable of brands that now also includes Cash App, TIDAL and TBD54566975. Jack Dorsey announced his sudden departure from Twitter last week, with many speculating he would move to focus more of his time on crypto and blockchain projects, with his now rebranded firm Block at the forefront of this. Meta crypto head departs firm The head of Meta’s (formerly Facebook) crypto arm is departing the firm as the launch of stablecoin Diem remains in doubt. David Marcus announced he would be departing the firm after seven years, having worked on Meta’s financial offering since May 2018, when the company’s Libra crypto project was first announced. The project later morphed into a payments wallet called Novi with the cryptoasset to go with it called Diem. The crypto wallet has since launched, but the launch of Diem remains elusive. Meta has faced significant hurdles in the launch of its crypto products. Commenting on the departure, Meta chief executive Mark Zuckerberg commented on Marcus’s post: “We wouldn’t have taken such a big swing at Diem without your leadership, and I’m grateful you’ve made Meta a place where we make those big bets.” This is a marketing communication and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without having regard to any particular investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past performance of a financial instrument, index or a packaged investment product are not, and should not be taken as a reliable indicator of future results. All contents within this report are for informational purposes only and does not constitute financial advice. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared utilizing publicly-available information. Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk. Image: Pixabay
Bitcoin and ether suffered a major flash crash over the weekend, sending cryptoasset values down by some 20% at points. Prices have now recovered somewhat but both cryptos remain trading well below pre-weekend levels. Bitcoin began last week trading in the $57,000 range, with some movement during the week, but nothing remarkable. This changed on […]
It’s December and there has not yet been a blow off top, with it looking a bit unlikely there will be one this month. Much can change however, with such...
Bitcoin faces resistance in low timeframes as it attempts to move up the $50,000 levels. After the weekend crash, the benchmark crypto has struggled to recover and seems to be lagging when compared to other cryptocurrencies. As a result of the crash, other Bitcoin-based investment products have taken a toll. According to Arcane Research and […]
Bitcoin has been recovering since 4 December, after reaching a local low of $42,000. In fact, it has increased by more than 6% in the last 24 hours. Thus, indicating that the market is becoming more oThe post This whale makes the most of 'buy the dip' frenzy, acquires over 2700 Bitcoin in a day appeared first on AMBCrypto.
Play-to-earn games have made a big splash in the online gaming market. Here’s all you need to know about NFTs. With the recent success of NFT games like Axie Infinity and Gods Unchained, the gaming market has had no choice but to take a long hard look at play-to-earn games as a legitimate entry into […]
A group of Jewish Bitcoiners come together to celebrate Hanukkah and Bitcoin.
A group of Jewish Bitcoiners come together to celebrate Hanukkah and Bitcoin.
Further to a recent announcement, Rikkei Finance launched its dual IDO and IEO for its native governance token today, quickly selling out. Currently, Rikkei’s native token, $RIFI, is live trading on both Huobi and PancakeSwap. Rikkei Finance is a metaverse DeFi protocol, built on Binance Smart Chain, that enables safe and secure open lending offering cross-chain support, NFT collateralization, and peer-to-peer insurance cover. The long-awaited IDO started alongside Rikkei Finance’s IEO, having previously been postponed since August. It follows a successful $5.6 million fundraising round with investors including Signum Capital, X21 Digital, and Kyber Network, as well as the $RU token NFT project IDO for its RiFi United play-to-earn soccer manager simulator. $RIFI IDO on RedKite Launchpad RedKite is a cutting-edge launchpad powered by PolkaFoundry as part of the growing $PKF ecosystem. Projects are chosen carefully through a vetting procedure that analyzes the team and implementation capabilities. Pool Details Token ticker: $RIFI Token type: BEP20 Price per token: $0.10 Vesting schedule: 20% released at launch, three months cliff, then unlock 20% quarterly Network for IDO: BSC Accepted currency for IDO: BUSD Participants were able to register between December 3-6, with the IDO pool launching today, December 7. Phase 1 buying (guaranteed allocation) ran from 11:00 AM UTC to 12:00 PM UTC. Phase 2 (first come, first served) ran from 12:00 PM UTC to 12:15 PM UTC, and the community pool from 12:15 PM UTC to 12:30 PM UTC. As previously mentioned, $RIFI is not live trading. $RIFI IEO on Huobi Primelist Regarded as a leading global digital asset exchange dedicated to providing secure and reliable digital asset trading, Huobi is listing $RIFI today on its brand new token listing platform, Primelist. The sale period runs from 10:00 AM UTC to 12:20 PM UTC, with trading time beginning at 1:00 PM UTC. Participants were offered two methods for registering for the sale: Queue or HT Holding. Queue To register via Queue, participants had to sign up on Huobi Global and complete the advanced verification process before 10:00 AM UTC on December 7, holding at least 50 USDT in their exchange account. From 10:00 AM UTC to 11:00 AM UTC, eligible users register to participate in the event, with 5,000 lucky users randomly selected to qualify for the purchase and allocation of 50 USDT worth of $RIFI each. HT Holding To register via HT Holding, participants also had to sign up on Huobi Global and complete the advanced verification process before 10:00 AM UTC on December 7, having had 3-day minimum average holdings of 300 HT between December 3-6. From 10:00 AM UTC to 11:00 AM UTC, eligible users register to participate in the event with the system automatically executing purchase orders for the maximum amount of USDT they could use for the order placement, allocating new tokens for each participant on a pro-rata basis. Interested parties can now purchase $RIFI tokens on Huobi or PancakeSwap.
Draftkings has partnered with the NFL Players Association to expand the offerings of its marketplace via gamified NFL player NFTs.
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As the recovery phase kicked in, the bulls triggered an upswing but could not match up the losses in the previous sell-off. While the broader bearish trend continued, the near-term technical indicatioThe post Cardano, Shiba Inu, VeChain Price Analysis: 07 December appeared first on AMBCrypto.
Lending institution Nexo has teamed up with the custodian to explore innovative products and tri-party lending agreements to institutional investors.
The award-winning, members-only, investment club Goldfingr is not only an essential global resource for investors and entrepreneurs alike, but it is also at the forefront of industry-changing technology. With a consistent track record of strategic and lucrative investments in companies utilizing innovative technology, Goldfingr is a leader in the decentralized finance space. A few months […]
One of Bitcoin’s biggest pushes has been for the digital asset to replace fiat currency as the accepted method of payment around the world. It still remains a push among crypto enthusiasts but to a lesser degree. This is because the asset has grown so much to the point that investors would rather hold the […]
Cryptocurrency asset managers Grayscale has released a report titled “An Introduction to Solana.” The firm gives a comprehensive assessment of the project, including its history, practical applications, and an overview of its potential risks. The post Grayscale report highlights potential Solana risks, should you be concerned? appeared first on CryptoSlate.
Continue reading at Coinspeaker
Continue reading at Coinspeaker
Despite the recent downtrend, bitcoin has been experiencing increased adoption on a larger scale. From El Salvador buying the dip to lightning network adoption going up, the digital asset has not been doing too bad. The most recent indication of increased bitcoin adoption has come in the form of bitcoin lightning network nodes. Data shows that these lightning nodes have recorded a significant uptick in the last three months. Bitcoin Lightning Nodes Increase Since its launch, the bitcoin lightning network has seen slow but steady adoption. Mostly, the need for a lightning network had not become pertinent until the bull run of 2018 that saw transaction fees spike significantly. It soon became important for there to be a way to lower transaction fees on the bitcoin blockchain even during peak transaction times and as such, the lightning network was adopted. Related Reading | Calls For Tesla To Resume Bitcoin Payments As Mining Reaches 57% Renewable Energy The number of lightning nodes has grown since then, recording small upticks at various times in its history. However, none as significant as the increase recorded across the last three months. From September 3rd to December 3rd, nodes added to the network had continued to climb. In this time period, there were a total of 3,534 nodes added to the network. This three-month period saw the total lightning network nodes break above 18,000, representing a 23% increase in this time frame. Number of nodes on lightning network grows 23% | Source: bitcoinvisuals.com This growth has been synonymous with a number of adoption initiatives that have seen more users adopt the bitcoin lightning network as a default way of sending BTC. Most notable has been the adoption of bitcoin as a legal tender in El Salvador and citizens using the lightning network to pay for goods and services using bitcoin. The lightning network basically enables transactions to be sent off-chain, making it faster and cheaper than on-chain transactions, the main driver behind its recent adoption. How Does The Increase Affect The Network? The increase in the number of bitcoin lightning network nodes is a positive one. For starters, this allows the network to accommodate more transactions. It will enable the blockchain to scale and as such, carry out more transactions. It also means faster transaction times and lower fees for users for the network. Related Reading | SEC Boss Acknowledges That Bitcoin Is A Competitor For U.S. Banking System Bitcoin’s growth has attracted a lot of investors but more are expected to come in as the years go by. This influx of new entrants into the blockchain would lead to increased network activity, hence slower transaction times and higher fees. With the lightning network expanding, it will be able to increase the capacity to allow more transactions at low fees. BTC settles above $51K | Source: BTCUSD on TradingView.com Besides El Salvador, another popular implementation of the lightning network has been the Twitter Tip Jar. This feature on one of the largest social media platforms allows followers to tip their favorite content creators quickly at low or even zero fees. Featured image from The Block, chart from TradingView.com
Gamified NFT platform Starly has welcomed $6.1 million of investment after closing its pre-IDO funding round. The Flow-powered platform, which only launched in September, attracted a Who’s Who of venture capital firms in a round led by blockchain investment and advisory firm The Spartan Group. “We view Starly, with its unique mechanism for creators to […]
India to set maximum penalty for violating crypto norms at fine of $2.7 million or 1.5 years in jail
The country wishes to see all crypto activities take place on platforms regulated by SEBI.
Three Arrows Capital, a crypto hedge fund, has bought close to half a billion worth of eth according to blockchain analytics. Zhu Su (pictured), its CEO, has confirmed as much,...
Token Lifecycle Management Platform Kaizen Finance Reconceptualizes Token Generation, Presale, and Vesting
On every blockchain network, tokens represent a crypto-economic unit of an account that embodies or interacts with an underlying value-generating asset. For projects handling token creation, presale, and vesting, certain factors, including cybersecurity breaches, tampered protection during launch, and liquidity events, have become significant issues limiting the growth and development of the token ecosystem. KaizenRead More
With a major Arrow Glacier upgrade expected in about three days, ETH 2.0 is closer than ever. At the time of writing, ETH 2.0 deposit contracts topped the staked value of 8,525,844 Ether. [embed]htThe post Vitalik Buterin discusses 'endgame' for ETH 2.0, an Ethereum 'open to all futures' appeared first on AMBCrypto.
The Ethereum network will be undergoing a scheduled upgrade soon called “Arrow Glacier,” a change that aims to mimic the “Muir Glacier” upgrade. Essentially, Ethereum’s Arrow Glacier changes the parameters of the network’s Difficulty Bomb delay to June 2022. This will give the Ethereum network another six months until it leads to the “Ice Age” […]
The AGIX ERC20 converter has been launched in testnet mode
According to Santiment, XRP is still "suppressed" at its current price and, hence, has room to expand
But ETH2 is not a new cryptocurrency and the exchange appears to be prepping for Ethereum's transition to Proof-of-Stake.
"I want to do my job as ethically and impartially as I can," said AOC, who added that as a member of the House of Representatives’ Financial Services Committee she has chosen not to hold stocks or investments, including digital assets.
Fired officer shares some nasty details of inner workings of top-notch decentralized crypto exchange SushiSwap (SUSHI)
Having previously previously described Bitcoin as "a remarkable cryptographic achievement" and with an estimated net worth of roughly $23.6 billion, Schmidt will likely be one of the wealthiest individuals acting as a Chainlink advisor.
The bulls triggered an impressive run over the past days after a sharp value diminution on 3 December. Thus, after poking their 46-week lows on 3 December, EOS and Sushi registered double-digit gains The post XRP, EOS, Sushi Price Analysis: 7 December appeared first on AMBCrypto.