altcoins

  • Shiba Inu price shows more weakness within a falling channel.
  • SHIB token burning rate plummets by a whopping 88% in the last 24 hours.
  • Price recovery remains elusive amid concerns that SHIB could drop to $0.00008000.

Shiba Inu price seems nowhere close to bringing its year-long downtrend to an end. Although the second-largest cryptocurrency rebounded from support at $0.000007150 in June, its uptrend was rejected at $0.00001801 in mid-August.

Since then, price action has been confined in a falling channel, with limited bullish retracements. At the time of writing, SHIB price exchanges hands at $0.00001101 amid increasing downside risk that could see it slide below $0.00001000.

SHIB token burn rate retraces as Shiba Inu price hunts for support

Shib Super Store has recently indirectly launched a SHIB token burn program via Amazon. The platform spends the commissions it receives from sales made on Amazon to purchase SHIB tokens which are later pulled out of circulation. The affil

The 10 Public Companies With the Biggest Bitcoin Portfolios

At the moment, contrary to ETHUSD and other altcoins, BTCUSD isn't increasing that much

Alex Kuptsikevich Alex Kuptsikevich 12.01.2022 09:02
The crypto market has again surpassed $2 trillion, adding almost 2.7% in the last 24 hours. Bitcoin, meanwhile, has not kept pace with the rise in altcoin prices: BTC strengthened by 1.45% against a 4% rise in ETH, while other leading coins added between 3% and 7%. The purchase of altcoins has intensified after the first cryptocurrency defended the $40K mark. This was like a sign of faith in the sector's short-term prospects, which again allowed enthusiasts to invest in potentially more undervalued coins and projects. The crypto Fear and Greed Index added 1 point to 22 overnight, but we can see that investors took the recent plunge as a buying opportunity. On the chart, bitcoin rebounded from a psychologically important support level for the second time since September. In addition, the RSI indicator on the daily charts came out of the oversold area, signalling a pause in the bearish momentum. However, it is too early to say that we are seeing the beginning of a new growth wave. There are several reasons for that. In this wave of decline, the RSI indicator reached lower lows than earlier in December and markedly lower levels in September and July, marking more persistent and prolonged selling than in previous episodes. Bitcoin's consolidation attempts this week is only a wobble near the bottom. A bullish reversal will be indicated by solid upward momentum in July or September. The mini rebound in December was quickly eaten away by the bears. BTCUSD is consolidating near the lower boundary of the descending channel. To say that we see more than just a bounce within this trend is only possible if it grew above 45k - where the previous local lows and the downside resistance line are concentrated. If bitcoin fails to develop an uptrend, it will seriously spoil sentiment for cryptocurrency traders, creating a toxic environment in the sector and putting selling back on the agenda, despite the prospects of individual projects.
BTCUSD Moving Down In General, ETHUSD Not So Far From November Tops

BTCUSD Moving Down In General, ETHUSD Not So Far From November Tops

Alex Kuptsikevich Alex Kuptsikevich 17.01.2022 08:33
The Cryptocurrency Fear and Greed Index has been cruising between 21-23 for the past seven days - in the extreme fear territory, finding itself in the middle of that range on Monday. Meanwhile, the value of all coins tracked by CoinMarketCap fell 0.5% in the last 24 hours to $2.05 trillion. By and large, a sideways range, $2.0-$2.1 trillion, has also been prevalent here for the past seven days, marking a lull in bull and bear fighting. It remains to be seen whether this signifies fatigue from the past months' turbulent moves or preparations for a new strong momentum. The local victory is on the bears' side, dominating the top coins now, where losses range from -0.8% for Bitcoin to -5.7% for Polkadot over the last 24 hours. Bitcoin failed to build on last week's upside momentum and is back in the $41-42K consolidation area, approaching it from above. A decline from these levels in the coming days will be a development of the downtrend since November, reversing the BTCUSD from the upper boundary of the downtrend channel. A bearish scenario suggests a dip towards $31K by the end of this week to close the July gap. But the door for such a decline will only open after the bulls surrender the $40K level they managed to hold in September and earlier in January. Ether has also encountered a sell-off in its attempts to rise above $3.3K. The 200-day moving average level is now acting as significant resistance. Bitcoin and Ether, which have a combined capitalisation of almost 60% of all cryptocurrencies, show worryingly negative dynamics. At the same time, their share has been declining since late last year. We are seeing either a shift in investor attitudes towards the sector leaders or certain inertia of altcoins compared to the flagships. Right now, it seems that crypto enthusiasts are not at all opposed to the changing landscape. However, as is often the case in nature, such changes rarely go smoothly.      
(BTC) Bitcoin with a rise, (ETH) Ether gains as well, (XRP) Ripple probably doesn't feel that well today

(BTC) Bitcoin with a rise, (ETH) Ether gains as well, (XRP) Ripple probably doesn't feel that well today

FXStreet News FXStreet News 17.01.2022 15:56
Bitcoin price rejuvenates its uptrend as it bounces off a 4-hour demand zone, extending from $41,843 to $42,707. Ethereum price produces a higher high, signaling a continuation of its uptrend. Ripple price revisits the demand zone, ranging from $0.694 to $0.753, as bulls fail to kick-start a rally. Bitcoin price reveals a bullish outlook albeit a slow one, providing altcoins with an opportunity to run free. The past week is a testament to the recent gains witnessed among many altcoins. While Ethereum continues to remain bullish, Ripple struggles to hold on. Bitcoin price pushes forward Bitcoin price produced a lower low after the January 13 swing high at $44,439 but managed to set a higher low, keeping the uptrend somewhat intact. As BTC bounces off a 4-hour demand zone, extending from $41,843 to $42,707, investors can expect the pioneer crypto to make a run for the previous week’s high at $47,609. This hurdle is present below the 200-day Simple Moving Average (SMA) At $48,590. BTC’s upside potential, though, at least in the short-term, seems to be capped at the aforementioned level. BTC/USD 4-hour chart If Bitcoin price fails to see a bullish reaction off of the $41,843 to $42,707 demand zone, it will indicate weakness among buyers. This lack of interest could allow bears to take control and push BTC down to $41,762 – a four-hour candlestick close below there will then invalidate the bullish thesis. This development could lead Bitcoin price lower, to retest the $39,87 support level. Ethereum price shows strength Ethereum price is in a similar situation to Bitcoin as it produced a higher low but failed to set up a higher high. As long as BTC remains bullish, ETH will follow suit. Market participants can, therefore, expect the smart contract token to make a run for the 200-day SMA at $3,475. Clearing this hurdle will open the path for Ethereum price to revisit the daily supply zone, extending from $3,675 to $3,846. The upper limit of this hurdle coincides with the 50-day SMA, indicating that a further uptrend is unlikely. ETH/USD 4-hour chart Regardless of the optimistic scenario, Ethereum price needs to hold above the weekly support level at $3,061 to see a meaningful uptrend. A breakdown of this foothold will remove confidence and instill doubt among buyers. A four-hour candlestick close below the demand zone’s lower limit at $2,927, however, will create a lower low, invalidating the bullish thesis. Ethereum price finds stable support as ETH targets $4,000 Ripple price lacks motivation Ripple price has been teetering on a daily demand zone, stretching from $0.693 to $0.753 since the December 4, 2021 crash. One can assume that this barrier has been weakening. Due to its correlation with BTC, however, XRP price is likely to rally 12% to retest the 50-day SMA at $0.844. The weakened demand zone could face destruction by a short-term bearish momentum, however, so investors should exercise caution with the remittance token. In some cases, Ripple price could overcome the immediate hurdle and make a run for the 200-day SMA at $0.954. XRP/USD 1-day chart On the other hand, if Ripple price produces a daily candlestick close below $0.693, it will create a lower low, invalidating the bullish thesis. This development could trigger a crash, where XRP price could revisit the $0.604 support level. XRP price looks bullish, targets $1
Can We Call It A Crypto Crash? Bitcoin Below $40k And Ether Below $3k

Can We Call It A Crypto Crash? Bitcoin Below $40k And Ether Below $3k

Alex Kuptsikevich Alex Kuptsikevich 21.01.2022 09:44
The crypto market capitalisation fell to 1.83 trillion, losing 7.3% in the past 24 hours. As we had feared, the selloff was triggered by sharply negative sentiment in US equity markets and intensified by the breakdown of critical support levels. Bitcoin retreated to the $38.8K area. The amplitude of the decline from the peak at the start of the regular session in New York to the bottom at the opening of Asia exceeds 12%. Sellers have proven unbreakable (so far) the upper boundary of the downward price channel that has dominated bitcoin since mid-November. Another worrying fact is that Bitcoin's share has risen to 40.2% of the crypto's total cap. The implication is that investors are breaking out of altcoins even more sharply, as they are less confident in the ability of smaller coins to withstand the titans' fall. Without a sharp intraday reversal (chances for this are minimal), we can confidently expect an acceleration of long position liquidation in Bitcoin and further drawdowns. There is nowhere to look for support until the $30-33K area on the chart. Ether has given up support at $3K, quickly pulling back into the consolidation area of late September, ending up near $2.85K. The intensification of the selloff makes $2K the target of the initial downside wave. Earlier in 2021, the area of 30K for Bitcoin and near 2K for Ether was the bottom of a deep correction. This then attracted buyers, and the total market managed to rewrite highs. In that drawdown, the total capitalisation of cryptocurrencies was down to $1.2 trillion. If the first two cryptocurrencies were targeting lows last summer, it is logical to expect the entire market to return to the lows of that time. But then the external backdrop was highly favourable, as the US market was returning to growth with drawdowns in the 5% range, having already crossed that barrier earlier last year. The continued negative backdrop in equities sets up a deeper pullback in crypto. The crypto market's capitalisation could potentially shrink by half to the $830-900bn area before we see a new wave of long-term buyer inflows. For Bitcoin, this suggests the potential for a drop to 20k.
Decentralized Autonomous Organisation - Another Addition To Our Personal Dictionaries

Price Of Bitcoin Below $36k And Price Of Ether Below $2.5k

Alex Kuptsikevich Alex Kuptsikevich 24.01.2022 09:39
The cryptocurrency fear and greed index was down to 11 on Sunday and slightly up to 13 by early Monday. Crypto market capitalisation lost another 1.1% overnight to $1.61 trillion, the lowest since August. As is often the case with prolonged sell-offs, altcoins are falling with acceleration to the first cryptocurrency, causing BTC's share gains, which already stands at 41.3% against lows of 39.3% in mid-January. Bitcoin's share of 40% seems like a turning point, twice triggering a correction in the crypto market. This level stood like an informal threshold that optimism about altcoins had gone too far. However, the rise in bitcoin's share does little to help its price. We saw the sixth consecutive bearish daily candlestick on Monday morning, and the price rolled back to $35K. The bears may well be able to sell the price down to $32.5K, closing the gap of July and returning the rate to last summer's support area. Alarmingly, the sharp reversal on Friday was not followed by any meaningful bounce. Some observers point out that this is a worrying signal, suggesting further market declines, as we have not seen a final capitulation. Without capitulation, the markets will remain with an overhang of sellers. The price of ether has fallen to $2400, which is less than half of its peak price in November. Events are developing in a bearish scenario, so far broadly repeating what we saw in 2018 in terms of overall sentiment. Long-term buyers can avoid buying at prices above 30k for bitcoin and 2k for ether. We believe long-term investors will look out for purchases in the 20-30k per bitcoin area. Whether these purchases will be at the upper or lower boundary depends, among other things, on the situation in the stock markets. The return of buyers there will support the demand for risk among institutional investors. But as long as we see only steady selling from them, it is too early to talk about buying.
Crypto Market News Sound "Less Negatively" This Time

Crypto Market News Sound "Less Negatively" This Time

Alex Kuptsikevich Alex Kuptsikevich 25.01.2022 09:05
The cryptocurrency market is adding 0.2% in the last 24 hours to $1.63 trillion, experiencing some pause or rebound after a prolonged drawdown. Buyer interest in cryptocurrencies came at the expense of a rebound in US equities, where selloff hunters thought their time had come. The cryptocurrency market capitalisation without Bitcoin became less than 1 trillion last Saturday, and this round level now acts as near-term resistance. At one point on Monday, Bitcoin was down to $33K, but at the late US session, and now trades near $36.4K. Yesterday's drawdown almost closed the gap in July and also came from the lower boundary of the downward channel. The latter indicates that despite the prevalence of bears, the market is not yet ready to accelerate the decline. Bitcoin is gaining 2.8% in 24 hours, but most altcoins are losing ground. So, yesterday's rebound in bitcoin and the positive dynamics of the crypto market are more correctly attributed to technical factors: crypto investors are exiting altcoins to more liquid BTC, forming temporary bounces, but nothing more. The nearest target for BTC downside is $32.3K to close the gap entirely. However, it is worth being prepared to retest the July lows of $29.5-30K. Without support from the stock markets, these levels may not hold for long either. Ether also saw a bounce yesterday towards the end of the day, making it clear that the market is far from surrendering. After seven days of collapse, the primary altcoin managed to close Monday with a tiny gain. Nevertheless, there are no signs of breaking the downtrend yet. Moreover, a death cross is also forming over the ether, as the 50-day moving average is now only a couple of days away from crossing the 200-day from the top down. This signal is often followed by a new bearish attack.
Polkadot (DOT) Explained - A Pinch Of Origins And History

Polkadot Price +2.3%, LUNA Price -7.4%, ETH Price 1.1% and BTC -0.6%

Alex Kuptsikevich Alex Kuptsikevich 26.01.2022 09:33
Bitcoin decreased 0.6% on Tuesday, ending the day around $36,600 while Ethereum lost 1.1%. Other leading altcoins from the top ten showed mixed dynamics: from a 7.4% decline of Terra to a 2.3% rise of Polkadot. According to CoinGecko, the total capitalization of the crypto market sank 1.1% to $1.74 trillion over the past day. In total, the crypto market broke the recent days' decline after bitcoin hit lows of the last six months on Monday, dropping below $33,000. This was followed by a sharp rebound upwards to $37,500. The US market was the reason. Throughout January, stocks are falling in anticipation of the Fed's monetary policy tightening. The decline in risky assets also had a negative impact on bitcoin, which has already lost about 20% since the beginning of the month. A correlation between the benchmark cryptocurrency and Nasdaq has reached a new all-time high, according to Bloomberg. On Wednesday, all the attention will be riveted to the FOMC meeting. If the regulator tightens its rhetoric and announces the upcoming rate hike as early as March, all risky assets, including cryptocurrencies, could suffer significantly. Meanwhile, the International Monetary Fund (IMF) has urged El Salvador to move away from bitcoin as a legal currency. MicroStrategy has stated that it would continue to buy BTC despite its decline in recent months. Its worth noting that a week ago, crypto funds recorded the first inflow of funds into their assets in the last six weeks.
Wednesday (26.01.2022): BTC -0.6%, ETH +0.2%, LUNA decreases -6.6%

Wednesday (26.01.2022): BTC -0.6%, ETH +0.2%, LUNA decreases -6.6%

Alex Kuptsikevich Alex Kuptsikevich 27.01.2022 09:46
Bitcoin decreased by 0.6% on Wednesday, ending the day at around $36,400. Ethereum added 0.2%, while other top-ten altcoins mostly saw declines from 3.1% (Binance Coin) to 6.6% (Terra, an outsider of the day). According to CoinGecko, the total capitalization of the crypto market sank by 0.5%, to $1.73 trillion. Bitcoin showed positive dynamics all day against the backdrop of growing stock indices. Up until the Fed meeting, the first cryptocurrency was gaining over 6%, hitting 5-day highs above $38,800. However, BTC began to fall almost immediately after the announcement of the results of the Fed's two-day meeting. The regulator announced a curtailment of bond purchases in early March, as well as an imminent rate hike, followed by a reduction in the Fed's balance sheet. The fall of bitcoin accelerated along with stock indices in half an hour when the head of the Fed, Jerome Powell, started his press conference. He noted that rising inflation could force the regulator to raise interest rates more aggressively. The first cryptocurrency may finally complete its upward correction if risky assets resume and intensify the fall after the Fed meeting. In Russia, buyers are now engaged in the withdrawal of capital and deprive the country's economy of financing, as announced by the Bank of Russia. Last week, the regulator proposed to ban the circulation and mining of cryptocurrencies in the territory of the Russian Federation. The State Duma and the Ministry of Finance, on the contrary, are in favour of regulation, not a ban on the industry. Russian President Vladimir Putin on Wednesday urged the government and the Central Bank to come to a consensus on the regulation of cryptocurrencies. Meanwhile, Turkish President Erdogan instructed the ruling party to study the impact of cryptocurrencies on the economy. At the same time, the US Internal Revenue Service said that non-fungible tokens (NFTs) are used for illegal activities, and celebrities are spreading this by promoting NFTs.
Altcoins to Watch: Algorand (ALGO) explained - What is ALGO?

Altcoins to Watch: Algorand (ALGO) explained - What is ALGO?

Binance Academy Binance Academy 26.01.2022 08:58
TL;DR Algorand was founded in 2017 before launching its mainnet and ALGO token in June 2019. The blockchain deals with the common scalability and consensus mechanism issues common to first and second-generation blockchains. Algorand's main feature is its Pure Proof of Stake consensus protocol that randomly selects validators weighted by their staked ALGO coin. Users who stake their ALGO have the chance of being selected to propose and validate a new block, which is then verified by a randomly-selected committee. Once the block is added to the blockchain, all transactions are considered confirmed. If the block is deemed bad, a new user is selected as a validator, and the process starts again. Learn more on Binance.com The system's main strength is its decentralization of power, as every single staker has the chance to be a validator. Apart from consensus, ALGO is also used for network transaction fees and to earn block rewards. If you want to buy or sell ALGO, you can easily do so through Binance's convert feature or exchange view. Introduction Algorand is a fairly new blockchain focused on improving scalability without sacrificing decentralization. This problem is common to many of the first and second-generation blockchains, such as Bitcoin and Ethereum. To achieve this, Algorand developed perhaps its most notable feature: the Pure Proof of Stake (PPoS) consensus mechanism. Along with its passive staking, both of these features have made Algorand a large market cap project popular with users seeking rewards. What is Algorand? Algorand is a blockchain network and project founded in 2017 by Professor Silvio Micali, a computer scientist from MIT. The mainnet network launched in June 2019 along with its native cryptocurrency, ALGO. As mentioned, the blockchain focuses on improved scalability and also supports smart contracts. The Algorand network is a public, decentralized, Pure Proof-of-Stake blockchain with support for customized layer-1 blockchains. These can be used to create blockchains tailored for specific uses. The project claims its technology is particularly useful for financial services, Decentralized Finance (DeFi), fintech, and institutions.   What is the Algorand Foundation? The Algorand Foundation is a non-profit organization launched in 2019 that funds and develops the Algorand network. It also carries out important work in the blockchain's community, research, and governance.  For example, the Foundation has educated developers in universities and supported Algorand projects in its ecosystem with accelerator programs. However, technical development work is carried out by the private company Algorand Inc. The Algorand Foundation is also a large holder of ALGO, which it uses to fund its activities. How does Algorand work? The key to Algorand's scalability comes from its Pure Proof of Stake consensus mechanism. This protocol allows it to process many transactions quickly without sacrificing decentralization. Proof of Stake (PoS) blockchains are scalable but often at the cost of a small number of validators who have large stakes dominating block approvals. Proof of Work (PoW) has the same issue as large mining pools almost always win the race to create new blocks. In contrast, Alogrand's PPoS consensus mechanism chooses validators and block proposers randomly from anyone who has staked and generated a participation key. The chance of being chosen is directly related to the proportion of the participant’s stake of the overall amount staked.  Naturally, a small holder will have lower chances of being selected than a big holder. But unlike PoS blockchains, Algorand doesn’t require a minimum stake, which is a significant barrier to entry for the average user. With every staker who runs a node being a possible validator, the network's security is more decentralized than with a chosen set of validators, such as in Delegated Proof of Stake (DPoS). Proposal step Once users have staked and generated their participation key, they become participation nodes. Communication between these nodes happens through Algorand relay nodes. The block proposal phase then selects multiple block proposers using a Verifiable Random Function (VRF), considering the proportion of each validator's stake. Once block proposers are chosen, their identity is kept secret until the new block is proposed. This improves network security as bad actors cannot maliciously target the chosen validator. However, a proposer can demonstrate their VRF output along with their proposed block to prove their legitimacy. Soft vote stage Once a block is submitted, participation nodes are selected randomly to join the soft vote committee. This stage filters proposals, so only one candidate can add to the blockchain. Voting power on the soft committee is proportional to the amount each node has staked, and votes are used to select a proposed block with the lowest VRF hash. This means that it will be impossible to preemptively attack the proposer of a block, as the lowest VRF hash is a value that is impossible to predict. Certify vote stage Next, a new committee is created to check for double-spending and the integrity of transactions in the block from the soft vote stage. If the committee deems the work valid, the block is added. If not, the block is rejected, the blockchain enters recovery mode, and a new block is selected. There’s no slashing penalty for the leader who proposes a bad block, making it a controversial part of the PPoS consensus mechanism. The chance of a fork with Algorand is extremely rare, as only one block proposal reaches the certify stage at a time. Once the block is added, all transactions are then treated as final.   What is ALGO? ALGO is the native coin of Algorand and has a maximum total supply of 10 billion coins to be distributed by 2030. New ALGO is sent to specific ALGO-holding wallets with each newly forged block. You need to hold at least 1 ALGO in a non-custodial wallet to receive these ALGO rewards. This reward can generate an APY of around 5-8% for ALGO holders and is distributed roughly every 10 minutes. This mechanism makes the ALGO coin one of the simplest cryptocurrencies to generate a passive income with, as you can "passively stake" the token. What are ALGO’s use cases? Like many other native coins, ALGO has three primary use cases: 1. ALGO can be used to pay transaction fees on the Algorand Network. Compared to networks like Ethereum (ETH) and Bitcoin (BTC), Algorand has minimal fees. As of January 2022, it costs only $0.0014 per transaction. 2. ALGO can be staked to have a chance of being selected as a block proposer or validator. 3. ALGO can be held in a non-custodial wallet to earn rewards with every block that is successfully added to the chain. The third use case provides a large incentive for the average user investing in ALGO. There's no need to deal with a Decentralized Application (DApp) to stake your coins or a lock-up period to begin earning. It’s all automatically handled by smart contracts. Algorand also publishes a list of projects adopting the blockchain's technology, many of which require ALGO to be used. How to Buy ALGO on Binance You can purchase ALGO on Binance in just two steps with a credit or debit card. If you already have crypto in your account, you may be able to swap directly for ALGO if it's in a pair with the coin you hold. To begin, let's look at using a credit or debit card. As ALGO is not directly purchasable with fiat, you'll need to purchase another token in an ALGO trading pair. BUSD is a good option, as its price is stable. You can see a complete list of available pairs further down this guide. 1. Log in to your Binance account and hover over the [Buy Crypto] header at the top left of the homepage. In the drop-down menu, select [Credit/Debit Card].     2. Next, select the fiat currency you'll pay with your card in the top field. In the bottom field, choose your desired cryptocurrency. Make sure that it is in a pair with ALGO to trade for it directly. 3. Click [Continue] and accept any terms and conditions if it's your first time purchasing with fiat.     4. Click [Add new card] or select a card already added to your account, and then follow the instructions for completing your payment.         5. Now, you'll need to swap your BUSD for ALGO. You can do this easily with the [Convert] feature accessible under the [Trade] header.       6. Select the crypto you want to convert from in the top field and ALGO in the bottom. If you cannot see ALGO in the bottom field, it is not in a trading pair with your chosen crypto. Click [Preview Conversion] after entering the amount you want to swap.     7. You'll now see a preview of the amount of ALGO you'll receive with clear instructions on how to proceed. Once you have swapped, the ALGO will be in your Spot Wallet.       8. You can also trade using the Classic or Advanced exchange view. By hovering over the currently displayed pair, you can search for all available ALGO pairs.         How to Sell ALGO on Binance 1. To sell ALGO, you can use the Convert feature again. This time, select ALGO in the top field and the cryptocurrency you want to convert to at the bottom. Click [Preview Conversion] to check the exchange rate.       2. Once you've confirmed the amount you'll receive, follow the instructions given to finalize your trade.       3. You can then convert to fiat using the same process so long as the coin you traded your ALGO for is in a fiat pair.   Conclusion Like other alternative blockchains to Bitcoin and Ethereum, Algorand has focused heavily on scalability and decentralization. Its Pure Proof of Stake consensus mechanism provides a unique solution with VRFs, and many find this blockchain technology attractive for its success in decentralizing power.
XRP (-0.9%), LUNA (-8.3%), ETH (-2.5%). Bitcoin decrased by 0.4%

XRP (-0.9%), LUNA (-8.3%), ETH (-2.5%). Bitcoin decrased by 0.4%

Alex Kuptsikevich Alex Kuptsikevich 28.01.2022 09:07
On Thursday, Bitcoin lost 0.4%, ending the day around $36,200, and Ethereum fell 2.5%. The other leading altcoins in the top ten also mostly saw declines, from XRP down 0.9% to Terra with -8.3%. According to CoinGecko, the total capitalization of the crypto market sank by 2.3% per day, to $1.72 trillion. Bitcoin tried to strengthen on Thursday morning but began to decline in the American session along with US stock indices. The US stock market fell following the results of trading on Thursday, although it opened with growth. The high-tech Nasdaq suffered particularly heavy losses. Investors continue to withdraw from US stocks amid the expected tightening of the US Federal Reserve's monetary policy. The day before, the central bank, following its meeting, signalled that it would start raising interest rates in March, curtailing the entire stimulus program at the beginning of the month. In the future, the regulator will begin to reduce the Fed's balance sheet. In such circumstances, investors will continue to reduce their positions on risky assets, and Cryptocurrencies may be hit first. Meanwhile, bitcoin is trying to stay above the $35,000 mark, taking advantage of some slowdown in the fall of the stock markets. However, if the fall in stocks accelerates, the crypto market will also accelerate its decline. The US Securities and Exchange Commission (SEC) has rejected Fidelity's application to launch a bitcoin ETF. Fidelity itself warned investors that bitcoin was in a “liquidity storm” due to high volatility in the stock market.
Decentralized Autonomous Organisation - Another Addition To Our Personal Dictionaries

BTC +7.3% (ca. $37k), ETH +7%, LUNA -25% - Last Week On Cryptomarket

Alex Kuptsikevich Alex Kuptsikevich 31.01.2022 09:48
Bitcoin gained 7.3% over the past week, ending last week near $37,700. Ethereum added 7%, while other leading altcoins in the top 10 showed mixed dynamics: from a decline of 25% over the week (Terra) to a rise of 4.6% (Binance Coin). Terra's collapse is linked to the scandal surrounding the Wonderland DeFi protocol. The total capitalisation of the crypto market, according to CoinGecko, rose 1.7% to $1.79 trillion for the week. The week didn't start encouragingly for bitcoin. The first cryptocurrency updated six-month lows below $33,000, but BTC sharply redeemed the short-term fall amid an equally sharp rebound in US stock indices. The US stock market interrupted last week's decline and rose for the first time after three weeks of decline. Apple's stock price jumped on Friday after a positive quarterly report and on Tim Cook's statements about the great potential of the metaverse. The rise in the stock market also contributed to the rebound in the cryptocurrency market, which again points to the strong correlation of stock and digital assets in recent times. This trend could continue at least until the end of this year. Despite stabilisation, the situation in the crypto market remains very fragile. Bitcoin could end up falling for the third month in a row. The decline in January is over 17%, and the first cryptocurrency has already lost 45% since the highs in November. The US Treasury Department plans to revisit the controversial FinCEN proposal for mandatory verification of bitcoin wallet users in 2022. If adopted, the proposal would require cryptocurrency exchanges to collect personal data from their users.
BTC +0.6%, ETH gains 3.7%, Solana (SOL) Increases By 12.8%

BTC +0.6%, ETH gains 3.7%, Solana (SOL) Increases By 12.8%

Alex Kuptsikevich Alex Kuptsikevich 02.02.2022 12:42
Bitcoin rose 0.6% on Tuesday, ending the day around $38,700. Ethereum added 3.7%, while other leading altcoins in the top 10 are growing: from 0.5% (Binance Coin) to 12.8% (Solana). The total capitalisation of the crypto market, according to CoinGecko, rose 1.5% to $1.86 trillion overnight. Bitcoin hit a week-and-a-half high above $39,000 on Tuesday but then pulled back, offsetting almost all of the gains. The first cryptocurrency was boosted by positive stock indexes and a weakening dollar, but sellers began taking profits on long positions. Over the last eight days, BTC gained almost 20%, recouping more than half of the failure of the second half of January, and buyers decided not to take risks. Ahead is solid psychological resistance at the circular $40,000 level, which supported the first half of January. Technically, Bitcoin has stalled its gains as it approaches the upper boundary of the descending channel. Traders are waiting for new signals about whether the recovery in risk demand will continue or whether the latest rebound will soon be choked off. The result of this struggle will determine whether we will see a break from the downtrend or whether the downtrend will continue again. El Salvador president Nayib Bukele is confident that bitcoin will still show tremendous growth. It's all about the fact that there are 50 million millionaires in the world. If they wanted to buy a coin, there wouldn't be enough for everyone, as the entire bitcoin issue wouldn't exceed 21 million. MicroStrategy added another 660 BTC on the recent market decline. In total, MicroStrategy already has more than 125,000 bitcoins. Russian government officials told Bloomberg that Russians own $214 billion worth of cryptocurrencies. That's about 12% of the total crypto market capitalisation.
Litecoin (LTC) Explained - The Way It Works, Terms Associated With LTC

Litecoin (LTC) Explained - The Way It Works, Terms Associated With LTC

Binance Academy Binance Academy 02.02.2022 09:37
TL;DR Litecoin (LTC) is an altcoin founded in 2011 by former Google engineer Charlie Lee. It aimed to be the lite version of Bitcoin that enables nearly instant and low-cost payments. Litecoin adopted the code and certain features of Bitcoin in its blockchain, but it prioritizes transaction confirmation speed to facilitate a higher transaction per second (TPS) and a shorter block generation time. Due to its similarity with Bitcoin, the Litecoin blockchain has been used as a testing ground for developers to experiment with technologies they want to implement on Bitcoin. For example, Segregated Witness (SegWit) and Lightning Network were run on the Litecoin blockchain before Bitcoin. Litecoin has a total supply of 84 million. Similar to Bitcoin, it is deflationary in nature and halves every 840,000 blocks (approximately every 4 years). The next halving is expected to happen in August 2023. Litecoin can be purchased on various cryptocurrency exchanges, including Binance.  Learn more on Binance.com   Introduction Litecoin (LTC) is one of the oldest of all altcoins on the market. When it was first introduced in 2011, Litecoin was branded as “the silver to bitcoin’s gold” for its blockchain was largely based on Bitcoin’s code. While some crypto investors view Bitcoin as a good store of value, Litecoin is often seen as a better option for peer-to-peer payments due to its lower confirmation time and transaction fees.     What is Litecoin (LTC)? Litecoin (LTC) is one of the first altcoins. Created by former Google engineer Charlie Lee in 2011, its blockchain was developed based on Bitcoin’s open-source codes. But Litecoin introduced certain modifications, such as a faster block generation rate and a different Proof of Work (PoW) mining algorithm called Scrypt.  Litecoin has a limited total supply of 84 million. Similar to Bitcoin, Litecoin can be obtained from mining and has a halving mechanism that occurs every 840,000 blocks (roughly 4 years). The last LTC halving was in August 2019, where the block rewards were halved from 25 LTC to 12.5 LTC. The next halving is expected to take place in August 2023.   How does Litecoin work? As a modified version of Bitcoin, Litecoin was designed to facilitate cheaper and more efficient transactions than the Bitcoin network. Like Bitcoin, Litecoin adopts the Proof of Work mechanism to enable miners to earn new coins by adding new blocks to its blockchain. However, Litecoin doesn’t use Bitcoin’s SHA-256 algorithm. Instead, LTC uses Scrypt, a hashing algorithm that can generate new blocks roughly every 2.5 minutes, while the Bitcoin block confirmation time takes 10 minutes on average.  Scrypt was initially developed by the Litecoin development team to grow its own decentralized mining ecosystem away from Bitcoin’s system and make the 51% attack on LTC more difficult. In the early days, Scrypt allowed for more easily accessible mining to those that used the traditional GPU and CPU cards. The goal was to prevent ASIC miners from dominating LTC mining. However, ASIC miners were later developed to mine LTC efficiently, causing GPU and CPU mining to become obsolete. As Bitcoin and Litecoin are somewhat similar, Litecoin was often used as a “testing ground” for developers to experiment with the blockchain technologies to be adopted on Bitcoin. For example, Segregated Witness (SegWit) was adopted on Litecoin before Bitcoin in 2017. Proposed for Bitcoin in 2015, SegWit aims to scale the blockchain by segregating out the digital signature from each transaction to better utilize the limited space on a block. This allowed the blockchains to process more transactions per second (TPS). Another scaling solution, the Lightning Network, was also implemented on Litecoin before Bitcoin. Lightning Network is one of the key components that makes Litecoin transactions more efficient. It is a layer 2 protocol created on top of Litecoin’s blockchain. It consists of micropayment channels generated by users, allowing for lower transaction fees. In addition, Litecoin is aiming to tackle the transaction privacy problem by adopting a privacy-oriented protocol called MimbleWimble Extension Block (MWEB). It’s named after the tongue-tying spell from the Harry Potter books, which prevents the victim from revealing information. Similar to the spell, MimbleWimble allows transaction information, including the sender and receiver’s addresses and the amount of crypto sent, to remain completely anonymous. At the same time, MWEB eliminates unnecessary transaction information, and the block sizes are more compact and scalable. As of December 2021, the Litecoin MWEB protocol is still under development.   Litecoin Use Cases As one of the first altcoins, Litecoin improved upon Bitcoin’s code to increase its scalability for faster transactions and lower fees. Despite not being able to compete with Bitcoin in terms of market cap, it has a competitive advantage as a peer-to-peer payment system. In fact, the Litecoin Foundation announced in November 2021 that LTC could be used as a payment method via the Litecoin VISA debit card by converting LTC into USD in real-time. In addition, certain businesses have added Litecoin as a payment method, spanning across travel companies, convenience stores, property agencies, and online stores.  Another thing to note is the highly-anticipated MimbleWimble release on the Litecoin network. MimbleWimble not only can obfuscate the wallet addresses in a transaction, but it could also potentially double Litecoin’s TPS. If successfully implemented, the upgrade can further enhance the privacy and fungibility of LTC transactions. However, there is no set release date on the mainnet as of December 2021.   How to buy Litecoin on Binance? You can buy Litecoin from crypto exchanges like Binance.  1. Log in to your Binance account and go to [Trade]. Choose either the [Classic] or [Advanced] trading mode to start. In this tutorial, we will select [Classic]. 2. Next, type “LTC” on the search bar to see a list of the available trading pairs on Binance. We will use LTC/BUSD as an example.     3. Under [Spot], choose the order type and enter the amount to buy. Click [Buy LTC] to place the order, and you will see the purchased LTC in your Spot Wallet.         Closing thoughts Litecoin has shown an ongoing development effort to be “the silver to bitcoin’s gold” since its debut in 2011. While it isn’t as popular as Bitcoin or Ethereum (ETH) in terms of market capitalization, the Litecoin community is expecting further development that can bring enhanced features and use cases.
Solana (SOL), Polkadot (DOT), Terra (LUNA), Cardano (ADA), BTC And ETH - They All Lost On Wednesday

Solana (SOL), Polkadot (DOT), Terra (LUNA), Cardano (ADA), BTC And ETH - They All Lost On Wednesday

Alex Kuptsikevich Alex Kuptsikevich 03.02.2022 08:33
Bitcoin fell 4.8% on Wednesday, ending the day around $37.0K. Ethereum lost 3.9%, while other top-ten altcoins fell between 4.4% (Cardano and Polkadot) and 7.8% (Solana and Terra). The total capitalisation of the crypto market, according to CoinGecko, overnight fell by 3.4% to $1.8 trillion, while Bitcoin's dominance index fell 0.2% to 39.2%. Bitcoin began a sharp decline on Wednesday as the US session opened, along with US stock index futures. After several hours of falling, stock indices reversed and regained momentum. BTC, meanwhile, broke its previous strong correlation with equity indices and did not show a meaningful rebound. The benchmark cryptocurrency came under pressure from reports of a severe snowstorm coming to Texas. A year ago, a similar weather anomaly disrupted the power supply to a quarter of households and caused loss of life, forcing authorities to impose a state of emergency. The state's association of miners, the Texas Blockchain Council, decided to de-energise mining farms on Wednesday. Texas is home to the main bitcoin network computing capacity in the US. The states themselves are the world's number one miner of the significant digital asset (around 49% of hash rate). Bitcoin again proved that it remains in a downward channel, as the recovery bounce lost strength at the upper end of the range. In theory, a bearish reversal of bitcoin opens up the possibility of updating the January lows with potential targets near 30K.
Crypto Airdrop - Explanation - How Does It Work?

Cryptomarket Seems Not To Lose That Much as Bitcoin decreases by 0.7%, ETH by 1.8% and Luna Gains 4.3%

Alex Kuptsikevich Alex Kuptsikevich 04.02.2022 08:28
Bitcoin fell 0.7% on Thursday, ending the day around $36,800. Ethereum lost 1.8%, while other leading altcoins in the top 10 showed mixed dynamics from a 1.5% decline (Solana and Polkadot) to a 4.3% rise (Terra). Total crypto market capitalisation, according to CoinGecko, added 0.2% to $1.79 trillion overnight. Bitcoin’s dominance index remained unchanged at 39.2%. Most cryptocurrencies were under pressure from declines in US tech stocks on Thursday. A weak report from Meta (Facebook) was published the day before, and the company’s shares lost more than 26% on the day, with the high-tech Nasdaq down almost 4%. The correlation between bitcoin and the Nasdaq stock index has recently reached a new high. The first cryptocurrency was also hit by a shutdown of mining farms in Texas, caused by bad weather and a snowstorm. The state leads bitcoin mining in the US, accounting for about half of all BTC hash rates. Bitcoin volatility has fallen to 15-month lows in recent days. With the comparative performance of traditional financial markets, bitcoin has managed to add around 2.9% since the start of the day on Friday, reaching 38,000 and again testing the upper limit of the downward channel. However, the first cryptocurrency will need to break the key $40,000 level to confirm bullish sentiment. Otherwise, the pressure on BTC will continue and may even intensify. The developers of the 14th cryptocurrency, Shiba Inu, have partnered with fast-food restaurant Wellu’s of Naples, Italy. The restaurant will use SHIB as a means of payment and has also fully rebranded its outlet in token style.
Altcoins are climbing out of the pit

Altcoins are climbing out of the pit

Alex Kuptsikevich Alex Kuptsikevich 04.02.2022 10:54
Down the chain, US stock market dynamics now determine corporate investor sentiment towards Bitcoin and Ether. From the top-down, this sentiment then spreads down to altcoins. But since late last year, there has been a continuing trend that even bitcoin's calming is enough for altcoins to return to growth and outperform the first cryptocurrency. In the last 24 hours, the entire crypto market has added 3.3%, while Ether has gained 4.7% versus Bitcoin's 2.4%. Ether has strengthened by 15% in the last seven days, returning to this month's highs and trying to climb above the bottom levels at the end of September 2021. The cryptocurrency market capitalisation excluding Bitcoin has been hovering around the $1 trillion mark for over a week and approached the upper end of that range on Friday morning. The reduction in volatility in Bitcoin allows for an optimistic outlook on altcoins. At least in the short term. An essential boundary for Ether will be the $3K mark. A return in the price above this level could further encourage buyers and reject the idea of a crypto-winter following the example of 2018. Solana is showing signs of coming out of the hole it fell into at the end of January. The $90 mark has attracted sufficient buyer demand. However, it will be premature to discuss a sustained recovery to the upside, only a stabilisation after the collapse. A BTCUSD consolidation above $40k and Ethereum above $3k would shift the altcoin recovery to a new speed and restart the process of BTC share contraction in the entire market.
Bitcoin, Ethereum, Metaverse Tokens Sink After Holiday Crypto Rally

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC bears to go extinct beyond $53,000

FXStreet News FXStreet News 07.02.2022 16:06
Bitcoin price looks overextended as it grapples with the 50-day SMA and the weekly resistance barrier at $42,816. Ethereum price pierces through the bearish breaker and approaches the 50-day SMA at $3,242. Ripple price approaches the $0.757 to $0.807 supply zone that could cut the uptrend short. Bitcoin price has seen tremendous gains over the past three days as it attempts to overcome a massive hurdle. While altcoins like Ethereum and Ripple have corresponded to this bullishness, investors need to exercise caution with fresh investments as a retracement could be around the corner. Bitcoin price faces a decisive moment Bitcoin price has risen 18% over the past four days and is currently hovering below the 50-day Simple Moving Average (SMA) and the weekly resistance barrier confluence at $42,816. If this uptrend is a bull trap, BTC is likely to see rejection followed by a retracement to the immediate support level at $8,481. A breakdown of the said barrier will knock the big crypto down to $34,752. In an extremely bearish case, Bitcoin price could revisit the $30,000 psychological barrier and collect the liquidity resting below it. BTC/USD 1-day chart If BTC produces a daily candlestick close above the breaker’s upper limit at $44,387, however, it will invalidate the bearish thesis. While this development will alleviate the sell-side pressure, it does not mean that Bitcoin price has flipped bullish. A daily candlestick close above $52,000 will produce a higher high and suggest the possible start of an uptrend. Ethereum price slithers close to bearish thesis invalidation Ethereum price has followed the big crypto and pierced the bearish breaker, ranging from $2,789 to $3,167. Any further bullish momentum will push ETH to climb higher and retest the 50-day SMA at $3,242. Assuming BTC retraces, investors can expect Ethereum price to face rejection at $3,242, leading to a 25% pullback to the weekly support level at $2,324. In a highly bearish case, Ethereum price could revisit the $1,730 weekly support level and collect the sell-side liquidity resting below it. ETH/USD 1-day chart Regardless of the bearish outlook, the Ethereum price can invalidate the short-term bearish outlook if it produces a daily candlestick close above the $3,167 resistance zone. A bullish scenario could be kick-started, however, if buyers push ETH to produce a swing high at $3,413. Ethereum price gains momentum to breakout to $3,300 Ripple price faces a blockade Ripple price broke out of its consolidation and rallied 25% from $0.604 to $0.754. This impressive move is currently retesting the weekly resistance barrier at $0.740, which rests below another hurdle that extends from $0.757 to $0.807. Rejection at this multi-resistance zone seems likely considering the situation in which Bitcoin is in, and investors can expect the Ripple price to retrace 16%, returning to the consolidation zone at $0.628. XRP/USD 1-day chart A daily candlestick close above the supply zone’s upper limit at $0.807 will signal a resurgence of buyers and indicate their willingness to move higher. In this case, Ripple price could set up a higher high by rallying 12% to $0.911.    
SEC Rejects Valkyrie, Kryptoin Spot Bitcoin ETF Applications

Bitcoin Hovered Around Ca. $44k Yesterday, Ether (ETH) Gains 5%, Solana Increases by 4%, Ripple by 18.5%

Alex Kuptsikevich Alex Kuptsikevich 08.02.2022 08:31
On Monday, Bitcoin rose 5.5%, ending the day around $44,100. Ethereum added 5%, and other leading altcoins from the top ten also showed growing dynamics: from 4% (Solana) to 18.5% (XRP). The total capitalization of the crypto market increased by 5.5% over the day to $2.10 trillion. The Bitcoin dominance index has not changed, remaining at 39.2%. The Bitcoin chart continues to paint a bullish picture. With the price at $45K on Tuesday morning, BTCUSD is trading above the 50-day moving average just above the mid-January pivot area and above the down channel resistance level. At the same time, the RSI on the daily charts has not yet entered the overbought area, leaving room for further growth.  The same can be said about the entire cryptocurrency market, where the fear and greed index has reached a neutral point of 48 and is still far from the greed area. The next target for the bulls looks to be $48K, the December support area in December. Further targets are $49-50K, where the 200-day moving average and significant round level are concentrated. The XRP token soared amid reports of a significant approach to the resolution of Ripple's legal dispute with the US Securities and Exchange Commission (SEC).Cryptocurrencies briefly stopped responding to movements in US stock indices, which started the week with a decline. The purchases probably included retail investors, who were driven by the desire not to miss the beginning of the market growth (FOMO). However, their buying potential is unlikely to be enough if stock indicators intensify their decline and large institutional investors come into play, wishing to resume profit-taking. KPMG, one of the world's largest auditors, has added Bitcoin and Ethereum to its Canadian division's corporate reserves. This is the firm's first direct investment in cryptocurrencies. Meanwhile, at the end of 2021, Tesla received a loss of $ 101 million from a decrease in the cost of previously purchased bitcoins, which it spent $ 1.5 billion on. Previously, Elon Musk called the decision to acquire BTC as a reserve asset quite risky. 
Will Sandbox (SAND) Reach $5 In The Near Future?

Will Sandbox (SAND) Reach $5 In The Near Future?

FXStreet News FXStreet News 08.02.2022 16:08
Sandbox price action has broken above $4.72 but fades in early trading today. SAND price action is at the intersection of a red descending trend line and the historical pivot level. Expect current favourable tailwinds to boost confidence for bulls leading to a break to the upside and new all-time highs. Sandbox (SAND) price action broke above $4.72 yesterday and saw bulls trying to test $5.0. But the intersection of the descending trend line and a pivot level proved to be too heavy and pushed price action back below the $4.72 historical level. Expect bulls to keep supporting as more tailwinds coming from geopolitics support the case for more upside potential towards $6.0. Sandbox price targets $6 for this week Sandbox price looked set to finally end the downtrend since November 25. The intersection of the red descending trend line dictating the downtrend and the historical $4.72 pivotal historic level from November 23, proved too big of a hurdle for price action to close above yesterday. Instead, bulls decided to take profit with price fading as we speak. SAND does not need to one-directionally tank further but will probably see bulls keeping price close to the pivotal $4.72 level. With several favorable tailwinds, such as positive news from talks between Putin and Macron, investors look to be back on the scene and putting some money on the table to invest in risk assets like cryptocurrencies. This will filter through in the demand side volume and will provide the needed impetus to punch through $4.72 again and close above, putting an end to the downtrend and targeting $6.0 this week. SAND/USD daily chart The resistance double whammy at the aforementioned intersection could prove too big of a temptation for profit-taking, and result in the Relative Strength Index dipping further, below 50, and translate into further downside for the altcoin towards $4.28, making it even harder to try for a daily close above $4.72. That could lead to yet more liquidation and see a return to a base level around $3.50.
Decentralized Autonomous Organisation - Another Addition To Our Personal Dictionaries

Did Cryptocurrencies Need A Rest Yesterday? Bitcoin Increased By 0.3%, ETH Lost 1.3%

Alex Kuptsikevich Alex Kuptsikevich 09.02.2022 08:27
On Tuesday, Bitcoin showed a growing momentum at the beginning of the day and reached five-week highs above $45,000. After a short-term rise above this level, a corrective decline began in the middle of the day. The benchmark cryptocurrency was losing more than $2,000 despite the rise in stock indices. There was a sharp rebound towards the end of the day and closed the day almost unchanged as a result. Recovery in institutional demand for stocks late in the day on Tuesday helped Bitcoin stay above the 50-day moving average as well. Continued buying on the decline to this level will keep the technical picture bullish as upside momentum develops to $49-50K. A sharp dip lower today or tomorrow will raise the issue of a false break and bring the sellers back into play, heading for $37-38K. It became known that at the end of last week, the Canadian exchange fund Purpose Bitcoin ETF bought 1.75 thousand BTC in two days, which could lead to a sharp increase in prices. In addition, Valkyrie Investments has received approval from the SEC to launch an exchange-traded fund (ETF) based on the shares of companies that receive at least 50% of their profits through mining. At the same time, the US authorities confiscated bitcoins stolen from the Bitfinex crypto exchange in 2016 for $3.6 billion and detained those involved in the hack. The Russian Federation government approved the concept of the Ministry of Finance for the regulation of cryptocurrencies: a joint bill should be ready by February 18. Overall, Bitcoin gained 0.3% on Tuesday, ending the day around $44,200. Ethereum was down 1.3%, while the other leading altcoins in the top ten were mixed from a 5.7% decline (Binance Coin) to an increase of 5.4% (XRP). The total capitalization of the crypto market decreased by 1.2% over the day to $2.09 trillion. The Bitcoin dominance index increased by 0.8% over the day, to 40%.  
Swissquote MarketTalk: A Look At XAUUSD, Swiss Secrets, Tesla And More

Meta (FB), USOIL (WTI), Peloton, Dogecoin Price And Shiba Inu Are Only Some Of Threads In The Latest MarketTalk

Swissquote Bank Swissquote Bank 09.02.2022 10:12
Risk sentiment improves both in the European and the American stock markets since yesterday, thanks to the abating sovereign bond selloff. Financials and mining stocks took the lead, small caps outperformed their big cap peers, with Russell 2000 bouncing 1.63%, whereas gains in the major US indices remained between 0.85% and 1.30%. US crude slipped below the $90 per barrel although the weekly API data suggested a 2-million barrel decline in the US inventories versus the expectation of a 400’000 barrel build. JP Morgan says they have a magic indicator that says it's time to jump on the back of a bull, but CAUTION! Improved sentiment is put on the back of more optimism about reopening, meanwhile the hawkish Fed expectations and the rising yields continue being a serious threat to the actual gains, as the major triggers behind the latest bond selloff are still in play. This means that there is a high risk of a sudden mood swing before Thursday’s US inflation data. Elsewhere, Turkey’s finance minister said that inflation in Turkey rose for reasons that foreigners cannot understand, so as a Turkish citizen, let me explain why! Watch the full episode to find out more! 0:00 Intro 0:27 Market update 1:37 Citi analyst says ‘sell oil’ 2:39 Bitcoin, Dogecoin, Shiba Inu lose momentum 3:41 JPM’s magic indicator says’ buy now!’ 5:33 But UBS doesn’t say ‘Buy Meta’ 7:30 Why you can’t understand inflation in Turkey (JOKING!) 8:58 Peloton is no more for sale? Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.
Crypto Airdrop - Explanation - How Does It Work?

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptos to retrace before the bull run

FXStreet News FXStreet News 09.02.2022 16:19
Bitcoin price slows down its ascent after flipping the $42,748 hurdle into a foothold. Ethereum price contemplates a retracement after facing the 50-day SMA at $3,208. Ripple price looks ready for consolidation after a 51% ascent over the past four days. Bitcoin price rally is slowing, allowing bulls to take a breather before the next leg-up. While some might argue the short-term outlook looks bearish – due to the flash crash in January, the bigger picture reveals cryptocurrency (https://www.fxstreet.com/cryptocurrencies) markets still have the potential to go higher. A Wells Fargo report published in February reveals that cryptocurrency adoption is growing exponentially and, in many cases, resembles the growth curve of internet adoption. The American financial corporation even goes on to state the crypto sector could soon exit the initial phases of adoption and enter “an inflection point of hyper-adoption.” Wells Fargo Report: Internet usage history vs crypto users Bitcoin price at a decisive moment Bitcoin price rallied 25% in the last four days and set up a swing high at $45,539.(https://www.fxstreet.com/cryptocurrencies/news/bitcoin-begins-correction-after-45k-rejection-where-can-btc-price-bounce-next-202202081914) The rally rippled out, triggering copycat moves in other altcoins and the cryptocurrency market in general. Yet BTC failed to produce a daily candlestick close above the breaker’s upper limit at $44,387. So, as a result, the bearish outlook is still in play. Investors should be prepared for anything between a minor retracement and a full-blow bear trap. An optimistic scenario will likely see BTC retest the weekly support level at $39,481 before triggering the next leg-up. A more pessimistic scenario, however, would speculate that Bitcoin price could crash to $34,752. A breakdown of this support floor could be the key to triggering a crash to $30,000 or lower. BTC/USD 1-day chart While things look on the fence for Bitcoin price, (https://www.fxstreet.com/cryptocurrencies/bitcoin) a daily candlestick close above $44,387 will invalidate the bearish thesis. A bullish regime, however, will only kick-start if BTC produces a daily candlestick (https://www.fxstreet.com/rates-charts/chart/candlestick-patterns) close above $52,000.   Ethereum price takes a breather Ethereum (https://www.fxstreet.com/cryptocurrencies/ethereum) price seems to be undergoing a pullback (https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-holds-above-3k-but-network-data-suggests-bulls-may-get-trapped-202202090153) as it faces off with the 50-day Simple Moving Average (SMA) at $3,208 while still hovering inside a bearish breaker, extending from $2,789 to $3,167. A rejection here could lead to a retracement to $2,812, where buyers have a chance at restarting the uptrend. Assuming the bullish momentum picks up, there is a good chance ETH could slice through the $3,208 and make a run for the $3,413 hurdle. The local top for Ethereum price could be capped around the convergence of the 50-day and 100-day SMAs at roughly $3,600. ETH/USD 1-day chart On the other hand, if Ethereum price fails to stay above $2,812, it will indicate that buyers are taking a backseat. This development will invalidate the bullish scenario and trigger a crash to the weekly support level at $2,324. Ethereum price could liquidate bulls if ETH falls below $3,000 Ripple price to reestablish directional bias Ripple price broke out of its ten-day consolidation (https://www.fxstreet.com/cryptocurrencies/news/xrp-price-could-easily-return-to-1-under-one-condition-202202081437) and rallied 51% in just four days. This run-up sliced through the $0.740 and $0.817 hurdles, flipping them into support levels. While this climb was impressive, XRP price is likely to retrace as investors begin to book profits. The resulting selling pressure could push Ripple price down to the $0.740 support level where buyers can band together for a comeback. In some cases, the U-turn might not arrive until a retest of the $0.595 to $0.632 demand zone. Regardless, investors can expect XRP price to run up to $1 and collect the liquidity resting above it. XRP/USD 1-day chart On the contrary, if the Ripple price fails to stay above the $0.595 to $0.632 demand zone, it will reveal the lack of bullish momentum and hint that a further descent is likely. In this case, XRP price will sweep below the $0.518 support level to collect the sell-side liquidity resting beneath. XRP price could easily return to $1 under one condition
Bitcoin (BTC), S&P 500, Nasdaq Increased. Ether Gained 3.8%, Terra (LUNA) (+0.2%) And XRP (+5.2%) Went Up

Bitcoin (BTC), S&P 500, Nasdaq Increased. Ether Gained 3.8%, Terra (LUNA) (+0.2%) And XRP (+5.2%) Went Up

Alex Kuptsikevich Alex Kuptsikevich 10.02.2022 08:30
On Wednesday, the cryptocurrency market decided to push and grow amid the rise of US stock indices. The S&P 500 gained 1.5%, while the high-tech Nasdaq gained 2.1%. All this helped Bitcoin shrug off the profit-taking sentiment at the start of the day and close in a slight plus. On the intraday chart, you can see purchases at the close of the American session, which clearly demonstrate the interest of the institutionalists in this region. The benchmark cryptocurrency continues to be in demand after strengthening above the 50-day moving average, which confirms the breaking of the downtrend of the previous three months. The RSI indicator on the daily charts is now at 61, still far from the overbought zone, confirming that the market is still far from overheating.   For the third week in a row, institutional participants have been investing in crypto funds, according to CoinShare. Why did they start doing this before the January meeting of the Fed, when no one believed in the BTC reversal. Crypto-whales also bought bitcoin on the fall. According to Santiment, they have purchased 220,000 BTC in the last seven weeks. On Thursday, US inflation data will be released, which will shed light on how quickly the Fed will raise rates. If inflation accelerates, all risky assets, including cryptocurrencies, may suffer significantly. Overall, Bitcoin added 0.5% on Wednesday, ending the day around $44,500. Ethereum rose 3.8%, other leading altcoins from the top ten also showed growing dynamics from 0.2% (Terra) to 5.2% ( XRP). The total capitalization of the crypto market grew by 2.2% over the day, to $2.14 trillion. Altcoins showed outpacing growth, which led to a decrease in the Bitcoin dominance index by 0.4%, to 39.6%.
Bank of America Doesn't Approve Bitcoin, Which By The Way Decreased By 1.3% Yesterday

Bank of America Doesn't Approve Bitcoin, Which By The Way Decreased By 1.3% Yesterday

Alex Kuptsikevich Alex Kuptsikevich 11.02.2022 08:53
Cryptocurrencies were under the pressure of strong data on inflation in the United States on Thursday, which has updated 40-year highs. Such values can force the Fed to raise interest rates faster, which is negative for all risky assets, including cryptocurrencies. Bitcoin showed high volatility during trading, updating early January highs above $45,800 under the influence of a weakening dollar. However, towards the end of the day, the first cryptocurrency began to decline along with stock indices: the S&P500 lost 1.8%, the high-tech Nasdaq fell 2.1%. The crypto-currency index of fear and greed for the second day is exactly in the middle of the scale, at around 50 (neutral). However, now the stock markets are having an increased impact on the dynamics of Bitcoin and Ethereum, in which the prospects for monetary policy are being reassessed. The corresponding index is now in the fear territory, near the 37 mark. Meanwhile, Bitcoin is being bought back on dips towards the 50-day average, which keeps the picture bullish. However, in the event of a prolonged sale of shares, the first cryptocurrency will not hold and risks pulling the entire market with it. Fitch has downgraded El Salvador due to its acceptance of bitcoin as legal tender. In March, the country will issue the first $1 billion bitcoin bonds. There is interesting news from America as well. The largest investment company BlackRock is going to launch a cryptocurrency trading service. Bank Of America refuses to recognize Bitcoin as a safe-haven asset, pointing to the strengthening of the correlation between BTC and the S&P500 stock index. And at JPMorgan, they currently consider the “fair” quote for bitcoin to be $38,000. In Russia, the government has completed the drafting of a bill on the circulation of digital currencies. The Ministry of Finance proposed establishing a transitional period for individuals before introducing a tax on income from crypto assets. Overall, Bitcoin lost 1.3% on Thursday, ending the day around $44,100. Ethereum fell 4.3%, while other top ten altcoins declined from 0.5% (Avalanche) to 6.2% (Solana and Polkadot). The total capitalization of the crypto market sank by 2.8% over the day, to $2.08 trillion. Altcoins showed a leading decline, which led to an increase in the Bitcoin dominance index by 0.5%, to 40.1%
Crypto Market News: Hungary And Russia Take Crypto Into Consideration, ETH Decreased By 5.1%

Crypto Market News: Hungary And Russia Take Crypto Into Consideration, ETH Decreased By 5.1%

Alex Kuptsikevich Alex Kuptsikevich 14.02.2022 08:48
Bitcoin strengthened in the first half of the week and the middle, having managed to test the highs of early January above $45,800. The situation changed on Thursday after the release of US inflation data, which updated the maximum levels for 40 years, and US stock indices fell. This had a negative impact, among other things, on cryptocurrencies, which showed a significant correlation with other risky assets. Late last week, the Fed announced an unscheduled meeting to be held today, February 14th. As a result of the meeting, the regulator may well raise rates without waiting til March. Moreover, even a double increase is possible, by 0.50%. Tightening monetary policy can hit all risky assets, including cryptocurrencies. On February 12th, the bitcoin network hashrate updated all-time highs above 248 EH/s. The indicator indicates the strengthening of the position of the blockchain and the development of its infrastructure. Kathy Wood, head of investment company ARK Invest, actively sold shares of the Grayscale Bitcoin Trust backed by bitcoin throughout February. Note that these securities were purchased in July last year, at the time of the BTC reversal upwards. The Central Bank of Hungary has now called on EU countries to ban cryptocurrency trading and mining. The Bank of Russia announced its desire to reduce the involvement of citizens in the crypto market. For example, the Ministry of Finance proposed limiting the list of cryptocurrencies traded in Russia. In general, Bitcoin rose by 1.6% over the past week, ending it at around $42,200. Ethereum lost 5.1%, other leading altcoins from the top ten also mostly sank: from 4.3% (Binance Coin) to 19% (Solana) for a week. The exception was the XRP token, which showed a 20% increase. The total capitalization of the crypto market, according to CoinGecko, decreased by 1.5% over the week to $1.96 trillion. The Bitcoin Dominance Index rose by 1% to 40.7% due to the weakening of altcoins.
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BTC Wants To Let Us Forget About January's Lows. On Monday: BTC Decreased By 0.2%, ETH And LUNA Gained

Alex Kuptsikevich Alex Kuptsikevich 15.02.2022 09:28
The first cryptocurrency returned to growth on Tuesday morning, adding 3.3% and rising to 43,500. Technically, BTCUSD held above the 50-day moving average and received support from buyers after another touch of this level. At the same time, however, this average is directed downwards, emphasizing the general downward trend. Cryptocurrencies seem to be once again trying on the role of a safe-haven asset, becoming a little more like gold and a little less like stocks. Although US stock indices were under pressure on Monday, they decided to stop the sharp decline at the end of last week. However, the high-tech Nasdaq ended the day unchanged. European stock indicators showed a noticeable drop under the influence of tensions around Ukraine. On the same background, gold shot up 3% to highs since June last year. It should be understood that in the event of a massive sale of shares, only short-term government bonds will be the protective asset of last resort. Institutions invested $75 million in crypto funds last week, according to CoinShares. Over the past four weeks, net inflows to crypto funds amounted to $209 million. The head of Uber said that the company would definitely start accepting cryptocurrencies in the future. A British crypto investor has announced the creation of a city for crypto investors in the Pacific and expects thousands of supporters from around the world to join soon. The Ministry of Finance of the Russian Federation proposed to limit the investments of unqualified Russian investors in cryptocurrencies to 50 thousand rubles. The agency estimates tax revenues to the budget from the legalization of the cryptocurrency market at 10-15 billion rubles, and the main amount of payments will fall on the miners. Overall, Bitcoin was down 0.2% on Monday, ending the day at around $42,200. Ethereum added 0.1%, while other leading altcoins from the top ten showed mixed dynamics: from a decrease of 1.6% (XRP) to a rise of 2 .2% (Terra). The total capitalization of the crypto market, according to CoinGecko, grew by 0.5% per day, to $1.97 trillion. The BTC dominance index did not change during the day, remaining at the level of 40.7%. The Fear and Greed Index is up 2 points to 46 and is in a state of fear.
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Ripple (XRP) Increases By 1.7%, AVAX By 12%, (BTC) Bitcoin Gains 4.4%

Alex Kuptsikevich Alex Kuptsikevich 16.02.2022 08:40
Cryptocurrencies rose on Tuesday on the back of strengthening stock indices and falling protective assets like gold, the yen, and treasuries. Bitcoin started its rise before the news about Russia and Ukraine hit the wires and sparked risk-on sentiments. Technical factors may have influenced the first cryptocurrency's strengthening, with BTC pushing back from its 50-day moving average, which has been acting as a support level for the past week. Russia has proposed allowing cryptocurrency mining in specific regions and imposing taxes on the conversion of crypto assets into fiat and is making progress in testing the digital rouble with the first interbank transfers. Bitcoin rose on Tuesday to its highest level in the past week (+4.4%), ending the day around $44,100, where it is trading on Wednesday morning. Ethereum jumped 7.3% on Tuesday, settling at $3100, while other leading altcoins from the top 10 also added: from 1.7% (XRP) to 12% (Avalanche). Overnight, crypto market capitalisation rose 2% to $1.98 trillion, according to CoinMarketCap estimates. Since early January, the market has not been consistently above the 2 trillion mark, and consolidation above could be an essential signal for bulls to move from observation to active buying. Since the end of January, there has been a notable uptrend support line that can be drawn through the local lows, which sets up optimism in the short term. The two largest cryptocurrencies, BTC and ETH, are attempting to consolidate above their 50-day averages, which previously signalled the end of a bearish phase. This was primarily made possible by optimism on Wall Street, where investors continue to buy out drawdowns. Altcoins showed outperformance, which led to a 0.3 percentage point decline in the Bitcoin Dominance Index to 40.4%. The Fear & Greed Index climbed from 46 to 51, moving into the Neutral from the Fear territory.
Wednesday Wasn't A Big Gain Day For BTC (+0.1%), ETH Added More (+1.4%)

Wednesday Wasn't A Big Gain Day For BTC (+0.1%), ETH Added More (+1.4%)

Alex Kuptsikevich Alex Kuptsikevich 17.02.2022 09:15
Bitcoin ended Wednesday with symbolic gains, gaining 0.1% to stay around $44,100. Ethereum rose 1.4%, and the other leading altcoins in the top ten also showed mostly upward momentum, from 0.3% (Binance Coin) to 5.5% (Avalanche). The total capitalization of the crypto market, according to CoinGecko, grew by 0.9% over the day, to $2.09 trillion. Altcoins were in high demand, which led to a decrease in the Bitcoin dominance index by 0.3%, to 40.1%. The Fear and Greed Index rose another 1 point to 52 (neutral). For the second time this month, Bitcoin's growth is interrupted by attempts to gain a foothold above $45,000. In the event of a pullback, traders should monitor the dynamics near 42,000, where Bitcoin found support at the beginning of the week. Consolidation between 42,000 and 45,000 can be regarded as a positive signal, as it will consolidate confidence that the downtrend of recent months will not resume after a pause. The US Securities and Exchange Commission (SEC) has launched an audit of the US representative office of the Binance crypto exchange. The Canadian authorities intend to track transactions in cryptocurrencies and block bank accounts in order to cut off funding for the Freedom Convoy truckers' protest movement. Twitter has added support for Ethereum addresses to the money transfer service within its application. The Bank of Russia plans to start the second stage of testing the cryptoruble in autumn. On Thursday morning, the markets and bitcoin experienced a downward momentum due to news of shelling in Ukraine. Cryptocurrencies reacted impulsively as a risk asset, but last week's example shows that they can also act as safe havens, as some investors may try to save capital using Bitcoin, Ethereum and a number of other large altcoins.
Crypto Airdrop - Explanation - How Does It Work?

Thursday: Significant Decreases Of Bitcoin (-7.7%) And ETH (-7.7%)

Alex Kuptsikevich Alex Kuptsikevich 18.02.2022 08:52
Bitcoin collapsed on Thursday, the most in almost a month amid sales of risky assets. BTC lost 7.7%, ending the day near $40,700. Ethereum fell 7.7%, while other leading altcoins from the top ten also fell, from 5.4% (Binance Coin) to 8.5% (Terra). The total capitalization of the crypto market, according to CoinGecko, sank by 7.3%, to $1.94 trillion. Bitcoin sold more actively than altcoins, which led to a decrease in the Bitcoin dominance index by 0.3%, to 39.8%. The Cryptocurrency Fear and Greed Index plummeted 22 points to 30, returning to a state of fear. Bitcoin has clearly lost its function as a defensive asset lately, showing almost no correlation with gold, which was in high demand on Wednesday and Thursday. The technical picture looks bearish in the short term. Bitcoin did not hold above the 50-day average and fell under previous local lows. It is quite possible that from the end of January to mid-February, we saw a pullback after the momentum of the decline, and now a new step down is being formed. JPMorgan Bank indicated that crypto assets would be negatively affected by tightening US monetary policy. This approach puts crypto on a par with growth companies, which have also come under increased pressure amid rising market interest rates in recent weeks. Charles Munger, an associate of legendary investor Warren Buffett, likened cryptocurrencies to a "venereal disease" and praised China for banning them. According to him, cryptocurrencies are used by hackers, criminals, as well as those who evade taxes.
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Summing Up The Previous Week: Cardano (ADA), Ether And The First Cryptocurrency Decreased By Ca. 10%

Alex Kuptsikevich Alex Kuptsikevich 21.02.2022 08:24
Last week, BTC repeated the dynamics of the first ten days of February. The rate strengthened on Monday-Tuesday, and on Wednesday, it exceeded the level of $44,800. Then on Thursday, the price began to fall sharply in unison with stock indices. The decrease in risky assets was caused by the growing tension around Ukraine, where the situation is becoming tenser. On Friday, Bitcoin continued to fall, briefly dropping below the round level of $40,000. This mark was broken on Sunday, and BTC tested the next support level at $38,000. The situation is aggravated by the increase in cryptocurrency sales by miners. As a result, the bears may try to push the price to $36,000 and even $33,000. Today, on hopes of a political de-escalation, BTCUSD is up 2.5%, trying to cling to levels above $39,000. I must say that bitcoin has lost all the growth of February over the past week. In addition to the upcoming Fed rate hike, BTC has been hit by growing geopolitical risks. In addition to this, the founder of Ethereum, Vitalik Buterin, noted that he sees early signs of the onset of crypto winter. This spurred crypto sales among retail investors over the weekend. However, ETHUSD is up 5.3% on Monday, recouping Sunday's decline and continuing to struggle to close the third month in the red. Overall, Bitcoin was down 9.2% over the past week, ending it at around $38,300. Ethereum lost 9.7%, other leading altcoins from the top ten also sank: from 3.3% (Avalanche) to 11% (Cardano). The total capitalization of the crypto market fell by 7% in a week, to $1.82 trillion. The Bitcoin dominance index fell 0.7% to 40%, due to less weakening of altcoins. The Bitcoin Fear and Greed Index lost another 2 points to 25 on Monday, returning to the extreme fear territory.
The Crypto Market Leader Leaved $40k And Trades Ca. $4-5k Lower

The Crypto Market Leader Leaved $40k And Trades Ca. $4-5k Lower

Alex Kuptsikevich Alex Kuptsikevich 22.02.2022 10:28
Losing for the sixth day in a row, bitcoin is approaching a retest of the intermediate round level of 35,000, near which buyers became more active at the end of last month. A further decline could open a direct road to the 30,000 area, where the coin was bought back twice in 2021. Given the changed macroeconomic conditions and the pressure on risky assets, will the crypto remain as interesting at these same levels? Cryptocurrencies once again fell under geopolitical pressure, although a relatively small decline was caused by the absence of major US players due to a holiday in the US. And again, risky assets, from stocks to digital currencies, collapsed with the aggravation of the situation around Ukraine, where investors fear conflict in Eastern Europe. Against this background, one of the world's largest hedge funds, Man Group, called bitcoin a risky asset, as indicated by the growing correlation of BTC with the Nasdaq stock index. Black Swan author Nassim Taleb criticized bitcoin as a hedge, calling it "the perfect game for losers" in an environment of low interest rates. Huobi co-founder Du Jun expects bitcoin to rise to new highs no earlier than 2025, basing his assumptions on halving-related price cycles. Bitcoin was down 3.1% on Monday, ending the day near $37,100, continuing to drop moderately on Tuesday morning to $36,700. Ethereum lost 3%, falling back to $2,500, while other top-ten altcoins also mostly sank: from 4.9 % (Binance Coin) to 7.1% (Solana). The exception was Terra, which posted a 3.8% increase. The total capitalization of the crypto market, according to CoinMarketCap, fell by 7.3% over the day, to $1.66 trillion. The Bitcoin dominance index rose from 41.7% to 42.2% due to a sharper decline in altcoins. The fear and greed index lost 5 points to 20, deepening into a state of "extreme fear."
Terra (LUNA) Price Went Up And The Most Popular Crypto Increased By 3.6% On Tuesday

Terra (LUNA) Price Went Up And The Most Popular Crypto Increased By 3.6% On Tuesday

Alex Kuptsikevich Alex Kuptsikevich 23.02.2022 08:35
The rebound of bitcoin began along with the growth of European stock indices at the beginning of the day. They corrected up after three days of decline on the crisis around Ukraine. Futures for the S&P 500 and Nasdaq, with which BTC has been highly correlated lately, also showed gains on Tuesday. So far, the rebound of risky assets, which includes cryptocurrencies, can be considered as a movement within a downtrend. Bitcoin has been trying to correct from levels close to the lows of February, but this is probably not the bottom yet. Expectations of a rate hike by the US Federal Reserve and rising geopolitical tensions are putting pressure on all risky assets. Despite the rather low levels of the Cryptocurrency Fear Index, the history of the indicator suggests that the best moments to enter were periods of falling into the 10 area. Meanwhile, Ricardo Salinas Pliego, one of the richest Mexican billionaires, called for not selling bitcoin during the fall. In his opinion, BTC will rise in the long term. Overall, Bitcoin is up 3.6% over the past day to 38,100, closing Tuesday higher after five days of decline. Ethereum gained 6.1% over the same time period, while other leading altcoins from the top ten showed mixed dynamics: from 4% growth in XRP to 13% in Terra. The total capitalization of the crypto market, according to CoinGecko, decreased by 1.5% over the day to $1.79 trillion. Altcoins grew worse than the first cryptocurrency, which led to an increase in the Bitcoin dominance index by 0.4%, to 40.3%. The index of fear and greed turned back again, losing 5 points to 25 and remaining in a state of "extreme fear".
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Cryptocurrency Update: Will Bitcoin (BTC) Become A Legal Means Of Payment In Mexico?

Alex Kuptsikevich Alex Kuptsikevich 24.02.2022 08:57
Bitcoin was down 1% on Wednesday, ending the day near $37,600, but it is losing another 7% on Thursday morning, trading below $35,000. Ethereum has lost 12% to $2,340 in the last 24 hours. Leading altcoins show a proportionate decline. The total capitalization of the crypto market, according to CoinMarketCap, decreased by 8.4% over the day, to $1.57 trillion. The index of fear and greed of the crypto market fell by 2 points to 23, but being updated once a day, it clearly does not take into account the latest dramatic movements. The aggravation of tension around Ukraine exerted pressure on risky assets. There are growing risks of escalation associated with the introduction of Russian troops into Donbass. In such a situation, risky assets may continue to decline further. At the moment, we see that cryptocurrencies are selling stronger than developed world stocks (although not as extreme as Russian ones), confirming the risky nature of these assets and how they are not a replacement for gold. According to Glassnode, the wallets of long-term investors (hodlers) hold record volumes of BTC (76.5%). The volume of bitcoins, which have been without movement for more than 10 years, is also growing (12.6%). Thus, almost 90% of all currently available coins are out of the market. Now another country besides El Salvador may accept bitcoin as a means of payment. Senator Indira Kempis is developing a bill on cryptocurrencies and intends to convince the Mexican government to follow the "Salvadorian scenario" by recognizing BTC as a means of payment. Former SEC official Joseph Hall called the department's chances of losing the lawsuit against Ripple high. The regulator accuses the company of selling unregistered securities under the guise of XRP tokens.
On Thursday: Bitcoin Added 10.7%, Ether (ETH) Increased By 9.6%

On Thursday: Bitcoin Added 10.7%, Ether (ETH) Increased By 9.6%

Alex Kuptsikevich Alex Kuptsikevich 25.02.2022 10:32
After reaching the lows for the month, the first cryptocurrency received support from buyers, as was the case at the end of January. Of course, the growth dynamics were relatively modest, which indicates the caution of buyers. It is likely that these are long-term holders rather than short-term speculators, as markets generally remain wary. Interestingly, buying during the decline has become a key outline of the American session. After more than a 3% fall, US stock indices not only bounced back but also managed to show growth at the end of the day. This stimulated bitcoin to strengthen. A short-term surge of bullish sentiment could end quickly if risky assets resume their decline again. If the situation in Ukraine escalates even more, bitcoin may fall below $30,000 as investors leave for defensive assets. According to The New York Times, Russia is legalizing cryptocurrency to circumvent US sanctions. Otherwise, the country will not survive the growing sanctions pressure from Western countries. Bitcoin rose over the past day by 10.7% to $38,500, reducing the decline in 7 days to 5%. Ethereum jumped 12% but is still 10% lower than it was exactly a week ago. Other leading altcoins are moving almost in unison, adding about 10% in most cases. The total capitalization of the crypto market, according to CoinMarketCap, increased by 9.6% per day to $1.72 trillion. The bitcoin dominance index rose 0.3 points to 42.6%, due to a smaller strengthening of altcoins. The index of fear and greed of the crypto market has risen from 23 to 27, into the territory of fear.
Polkadot (DOT) Explained - A Pinch Of Origins And History

Polkadot price to revisit $22 as DOT establishes a launchpad

FXStreet News FXStreet News 25.02.2022 16:18
Polkadot price retests the three-day demand zone, extending from $10.37 to $15.66, anticipating a bounce. A quick run-up would allow DOT to retest two hurdles - $15.97 and $22.23. A decisive close below $10.37 will invalidate the bullish thesis. Polkadot price has arrived at a stable support level after crashing violently and falling since November 2021. A retest of this level is likely to result in a swift bounce that triggers a quick uptrend. Polkadot price contemplates reversal Polkadot price has crashed 73% from its all-time high at $53.50 on November 9, 2021. This downswing has now arrived at the three-day demand zone, extending from $10.37 to $15.66. Investors can expect a quick relief rally to emerge as DOT bounces off this barrier. The altcoin will face the $18.01 hurdle after rallying roughly 12% from its opening price. Clearing this blockade is crucial to making a run for the $20 psychological level. There may be an outcome where DOT could set a local top here. However, if bulls band together, there could be an extension of the uptrend to $22.23. This move would constitute a 40% ascent from the current position - $16 and is likely where the local top will form for Polkadot price. DOT/USDT 3-day chart On the other hand, if Polkadot price fails to bounce off the $10.37 to $15.66 demand zone, it will explore lower levels. As long as DOT stays inside this area, the bullish outlook will not face any threats. A daily or a three-day candlestick close below $10.37, however, will invalidate the possibility of a bullish outlook and indicate that Polkadot price is likely to retest $10.09 or the subsequent barrier at $8.31.
Crypto Prices Rise: On Monday BTC Added 10.6%, Ether (ETH) Increased By 7.9%, XRP Gained 6.3%, Terra (LUNA) Added 15.3%

Crypto Prices Rise: On Monday BTC Added 10.6%, Ether (ETH) Increased By 7.9%, XRP Gained 6.3%, Terra (LUNA) Added 15.3%

Alex Kuptsikevich Alex Kuptsikevich 01.03.2022 08:31
Bitcoin made a powerful leap up after assurances from the owners of the largest crypto exchanges, Binance, Kraken, KuCoin and AAX, that they do not intend to block the funds of individual Russians. However, the head of Kraken warned that they would abide by the regulator's decision if it comes.Overnight, the United States noted that they would stop attempts to use cryptocurrencies to circumvent personal sanctions. So, retail clients of large crypto exchanges are not yet afraid for their funds. This probably explains the latest growth momentum.Technically, Bitcoin broke through the upper limit of the four-month descending channel at the close of the month. Moderate optimism of Asian and US indices is also on the side of buyers.February was confirmed to be a growing month for bitcoin. However, March is not so favourable. Over the past 11 years, BTC ended this month with growth only in two cases.Disabling Russia from SWIFT will have a positive impact on the cryptocurrency market, says Jiang Zhuer, CEO of the BTC.TOP pool. In his opinion, Russia can use various methods to circumvent restrictions, including digital assets, to make payments. Bank of America does not see the prerequisites for a large-scale crypto winter, as evidenced by the dynamics of the movement of cryptocurrencies between private and exchange wallets. The level of acceptance of crypto assets by users is also growing, as well as the activity of developers.Bitcoin jumped 10.8% on Monday to $41,600, the highest gain in five months. On Tuesday morning, the momentum continued with a jump to $44,000 at the start of the day. At the time of writing, prices have stabilized around $43,200. Ethereum added 7.9%, while other top-ten altcoins rose from 6.3% (XRP) to 15.3 % (Terra).The total capitalization of the crypto market, according to CoinMarketCap, grew by 11% over the day, to $1.9 trillion. The Bitcoin dominance index has risen to 43% due to the smaller strengthening of altcoins.The crypto-currency fear and greed index soared 31 points to 51 on the day, moving out of fear into neutral territory.Although Bitcoin showed negative dynamics for most of the month, the shock growth at the end of it allowed BTC to end February with strengthening (+8.6%) after three months of decline.
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Crypto Prices: On Tuesday Bitcoin (BTC) Added 1.9%, Ether (ETH) Gained 2.5%, Solana (SOL) Increased By 6.7%

Alex Kuptsikevich Alex Kuptsikevich 02.03.2022 08:44
In the middle of Tuesday, the first cryptocurrency was approaching $45K, but then fell slightly during the American session along with stock indices. BTC showed resilience despite the decline in other risky assets and the growth of the dollar. World markets were declining following the banking sector, which felt the severity of Russia's partial disconnection from Swift (by 80%). However, this situation does little harm to the demand for cryptocurrencies. On the Binance exchange, the volume of trading in ruble pairs with BTC and USDT has increased significantly. Crypto funds recorded $36 million in net asset inflows during the week, up from $239 million over the past five weeks, according to CoinShares. Institutions are also looking for alternative vehicles amid mounting military tensions and government capital controls. According to Glassnode, crypto whales have been aggressively buying bitcoin over the past few weeks, which could signal a local bottom has been reached. The last time such a situation was observed was in May last year, when, after a two-month consolidation, the market resumed growth at the end of July. Technically, Bitcoin started March with growth. Thus, BTC has risen in price by 1.9% over the day to $44,100. Ethereum has grown by 2.5%, approaching $3,000. Other leading altcoins from the top ten add with maximum momentum such as Solana (+6.7%) and Terra (+5.2%) The total capitalization of the crypto market, according to CoinMarketCap, grew by 2% over the day, to $1.94 trillion. The Bitcoin Dominance Index is hovering around 43%. The Cryptocurrency Fear and Greed Index added another point to 52 moving into neutral territory.
Bitcoin, Ethereum, Metaverse Tokens Sink After Holiday Crypto Rally

Crypto: On Thursday Morning Bitcoin (BTC), Ether (ETH), Terra (LUNA) And AVAX Trades Lower Than At The Same Time The Day Before

Alex Kuptsikevich Alex Kuptsikevich 03.03.2022 08:29
Bitcoin slowed down ahead of strong mid-February resistance at $45,000, which then turned the move down. The first cryptocurrency in recent days has not paid too much attention to stock indices, which rose on Wednesday. The technical picture continues to point to a break in the downtrend, although to confirm the reversal, the rate must first fix above 45K. It must be said that bitcoin trading volumes have increased markedly in the last week due to the events in Ukraine. On February 28th, immediately after the Bank of Russia asset freeze, BTC jumped by 11%, showing the highest growth in many months. Due to new sanctions, the Russians withdrew depreciating ruble assets and invested them in cryptocurrencies. In the EU, it was previously discussed that since Bitcoin and Ethereum use the Proof-of-Work consensus mechanism, which consumes a lot of electricity and has a negative impact on the environment, it's time to ban the mining of these cryptocurrencies. However, it was decided to abandon this idea following the new version of the bill on digital assets. Technically, Bitcoin slowed down on Wednesday after two days of active strengthening, and on Thursday morning, it rolled back to 43.1K, losing 2.2% in the last 24 hours. Ethereum is down 3.3% 0.6% in the same period. Leading altcoins from the top ten lose from 1% (Terra, XRP) to more than 5% (Avalanche). The total capitalization of the crypto market, according to CoinMarketCap, decreased by 2.5% to $1.09 trillion. The Bitcoin Dominance Index is hovering around 43.1%. The Cryptocurrency Fear and Greed Index fell 13 points to 29, once again ending up in the fear zone.
Altcoins: Harmony (ONE) - A Blockchain Project Explained

Altcoins: Harmony (ONE) - A Blockchain Project Explained

Binance Academy Binance Academy 03.03.2022 15:10
TL;DR Harmony is a layer-1 blockchain using sharding and Effective Proof of Stake to achieve scalability, security, and decentralization. The network was launched in 2019 and features trustless cross-chain bridges and four shards, which process transactions in parallel. Effective Proof of Stake encourages decentralization of validators, and sharding shares the network's load among validators, delegators, and users. Its native token ONE is used for transaction fees, governance, and staking. You can purchase ONE on Binance with a credit or debit card or trade it for another cryptocurrency. Once purchased, you can store ONE on EVM-compatible wallets like MetaMask and Binance Chain Wallet.   Introduction Exploring different altcoin projects can be a good idea if you're looking for new opportunities or crypto use cases. You might have already noticed the Harmony network or heard about it in the crypto media. To help you understand more about the project, we've outlined its background, key points, and some ways you can get involved.     What is the Harmony blockchain? Harmony is an Effective Proof of Stake (EPoS) blockchain founded in 2018 by Stephen Tse with a mainnet launch in 2019. Like most post-Ethereum networks, it claims to solve the blockchain trilemma of decentralization, scalability, and security. Harmony's answer to the problem is sharding and its Effective Proof of Stake consensus mechanism. Another key Harmony platform feature is its Cross-Chain Finance model. The popularity of cross-chain and multi-chain capabilities has increased dramatically, and Harmony caters to this. The blockchain offers bridging services between BNB Smart Chain (BNB), Ethereum (ETH), Bitcoin (BTC), and other networks. Harmony completed its 2019 IEO via Binance Launchpad. Harmony's main vision for scaling Web3 relies on zero-knowledge proofs and Decentralized Autonomous Organizations (DAOs).   How does sharding in Harmony work? One of Harmony's keys to providing security, scalability, and decentralization is sharding. The Harmony sharding splits the network into four sections that work in parallel. Users can choose the shard they want, which distributes the network's workload. Validation, transactions, block creation, and staking are all done separately on each shard. Sharding is beneficial for Harmony because: 1. A validator doesn't need to maintain a full copy of the entire blockchain's transaction history. 2. Validators are randomly assigned to shards to prevent hostile shard takeovers. After every Epoch, validators will likely move to a new shard, and leaders rotate. Harmony currently has a limit of 250 validators slots per shard known as BLS Keys. If needed, the number of shards and validators can increase to meet network demand in the future. Shard 0 is the Beacon Chain and acts as an information relay between shards 1, 2, and 3. No matter the shard used, transaction times will be roughly two seconds.  Currently, most activity takes place on the Beacon Chain. Full cross-shard implementation isn't yet fully developed but is on the roadmap. In the future, cross-shard communication will allow for smart contracts to operate across shards by transmitting messages between nodes directly.   How does Effective Proof of Stake work? Effective Proof of Stake (EPoS) is similar to the standard Proof of Stake (PoS) validator and delegator model. Validators stake ONE (Harmony's native token) to run a node and possibly process transactions through an election process. Delegators stake their ONE behind a validator in return for a percentage of future block rewards and transaction fees. Once elected and assigned a shard, the validator creates blocks and shares its rewards with delegators. EPoS’s reward distribution is what makes it different. Most PoS systems consolidate rewards and power behind a small number of validators. The more you stake, the more you earn and validate. In contrast, EPoS reduces rewards and penalizes validators who stake too much in a single node. Nodes with smaller stakes actually receive more favorable rewards in relation to their size, encouraging large validators to decentralize. This system also helps avoid single points of failure. Besides offering a secure method for validating transactions, EPoS provides low gas fees. This makes it an attractive alternative to Ethereum's high gas fees or Bitcoin's scalability issues with Proof of Work (PoW).   What is ONE? The Harmony protocol's native token ONE is used for: 1. Paying network transaction fees. 2. Staking as a delegator or validator in return for block rewards. 3. Taking part in Harmony's open governance mechanism. Harmony provides a constant reward to validators of 441 million ONE annually. Transaction fees are burned with an end goal of creating a net-zero state, offsetting the ONE provided for block rewards.   Where can I buy ONE? ONE can be purchased on Binance in a few ways. First, you can buy with a credit or debit card using selected fiat currencies. Head to the [Buy Crypto with Debit/Credit Card] page, select the currency you want to pay in, and then select ONE in the [Receive] field. Click [Continue] to follow the instructions for your purchase.     You can also trade other cryptocurrencies for ONE. By heading to the Exchange view and typing ONE in the trading pair search field, you can find a list of available trading pairs. For more information on using the trading view, head to How to Use TradingView on Binance Website. You can also purchase ONE on decentralized cryptocurrency exchanges (DEX) and marketplaces like SushiSwap.     How do I stake ONE? You can stake ONE on the Harmony blockchain as a validator or delegator. The simplest option is to stake as a delegator, which requires finding a validator to delegate your tokens. 1. To start staking, head to the Harmony Staking Explorer and choose a validator by clicking on their name.     2. Click the [Delegate] button.     3. You'll then be asked to sign in. You can choose to either create a new wallet address with Harmony or use an existing one, such as your MetaMask.  4. Once logged in, click the [Delegate] button again and choose the amount you want to stake. If the validator you have chosen is elected, you and other delegators will start receiving a portion of their block rewards. 5. Staking as a validator requires running a node, which is a more complicated process. You can find more details on this in the Harmony docs.   How do I store ONE? As Harmony is an EVM-compatible blockchain network, it's simple to add it to your MetaMask or Binance Chain Wallet. If you're using another extension wallet that allows you to add additional EVM (Ethereum Virtual Machine) networks, you can also use it with Harmony. You can follow our Connecting MetaMask to BNB Smart Chain guide and use the mainnet information below: Network Name Harmony Mainnet New RPC URL (Use only URL in italics) Shard 0: https://api.harmony.one Shard 1: https://s1.api.harmony.one Shard 2: https://s2.api.harmony.one Shard 3: https://s3.api.harmony.one Chain ID (Use only the number in italics) Shard 0: 1666600000 Shard 1: 1666600001 Shard 2: 1666600002 Shard 3: 1666600003 Currency Symbol ONE Block Explorer URL https://explorer.harmony.one/   Don't forget that Harmony is made up of multiple shards. You must use the correct RPC URL and Chain ID pair when connecting to a specific shard. You should use Shard 0 for transacting with exchanges, staking, or using smart contracts until shards 1, 2, and 3 become more active.     Closing thoughts Whether you're an investor, DeFi DApp user, or staker, Harmony has a solid ecosystem to explore and get involved with. Even at its current roadmap stage, there’s a lot to use and discover. With more cross-shard capabilities coming in the future, make sure to keep up to date with Harmony’s progress on their website.
Is $50k A Possible Level For Bitcoin Price (BTCUSD)? ETH Decreases By 6.2%

Is $50k A Possible Level For Bitcoin Price (BTCUSD)? ETH Decreases By 6.2%

Alex Kuptsikevich Alex Kuptsikevich 04.03.2022 08:28
The momentum of pressure on the crypto market was due to the decline in stock indices, as the Fed gave signals of tightening policy. Technical factors also contributed to the negative dynamics - the inability to overcome the strong resistance of the 100-day moving average and mid-February highs around $45,000. Real Vision CEO Raul Pal believes that the dynamics of bitcoin against the backdrop of foreign political tensions in the world signals the onset of a bullish trend. According to Nigel Green, CEO of deVere Group, one of the world's leading independent financial institutions, BTC could reach $50,000 by the end of March. Billionaire investor Bill Miller said that the Russian authorities can use BTC as a reserve currency. Earlier, the US authorities called on crypto exchanges to prevent Russia from circumventing sanctions. Meanwhile, the Bank of Russia did not begin to soften its attitude towards bitcoin against the backdrop of sanctions and still advocates a complete ban on the circulation and mining of cryptocurrencies. Bitcoin is developing a correction, losing 4.5% over the past day to $41.4K. Methodical pressure on the first cryptocurrency was formed on Wednesday evening after a short break above $45K. Ethereum fell by 6.2%, other leading altcoins from the top ten sank from 2.8% (BNB) to 7.8% (Solana). The total capitalization of the crypto market, according to CoinMarketCap, decreased by 3.7% over the day, to $1.83 trillion. The Bitcoin Dominance Index sank 0.2 points to 42.9%. The Bitcoin Fear and Greed Index dropped another 6 points to 33 - fear.
Bitcoin (BTC) To Hit $100k In A Few Years' Time?

Bitcoin (BTC) To Hit $100k In A Few Years' Time?

Alex Kuptsikevich Alex Kuptsikevich 07.03.2022 09:05
With a sharp decline over the weekend, Bitcoin wiped out the initial gains, gave away the positions to bears after the third straight week of gains. On Saturday and Sunday, there were drawdowns to $34K on the low-liquid market. So the rate of the first cryptocurrency fell to $38K with a 3.8% loss. However, over the past 24 hours, BTC has reached $39,000 while Ethereum has lost 4.5%. Other leading altcoins from the top ten decline from 2% (XRP) to 6.8% (LUNA). According to CoinMarketCap, the total capitalization of the crypto market decreased by 3.8%, to $1.71 trillion. The bitcoin dominance index sank from 42.9% on Friday to 42.3% due to the sale of bitcoin over the weekend. The cryptocurrency fear and greed index is at 23 now, remaining in a state of "extreme fear". Looking back, in the middle of the week, the index had a moment in the neutral position. The FxPro Analyst team mentioned that the sales were triggered by reports that the BTC.com pool banned the registration of Russian users. Cryptocurrencies do not remain aloof from politics, and they are weakly confirming the role of an alternative to the banking system now, supporting EU and US sanctions against Russia, and showing their own initiative. The news appeared that Switzerland would freeze the crypto assets of the Russians who fall under the sanctions. In the second half of the week, bitcoin lost almost all the growth against the backdrop of a decline in stock indices. Although, last week started on a positive wave: BTC added almost $8,000 (21%) since previous Monday, but couldn't overcome the strong resistance of mid-February highs at around $45,000 and the 100-day moving average. Speaking about the prospects, pressure on all risky assets will continue to be exerted by the situation around Ukraine, where hostilities have been taking place for two weeks. Worth mentioning that the world-famous investor and writer Robert Kiyosaki said that the US is “destroying the dollar” and called for investing in gold and bitcoin. At the same time, the founder of the investment company SkyBridge Capital (Anthony Scaramucci) is confident that bitcoin will reach $100,000 by 2024. At the moment, he has invested about $1 billion in BTC. Plis, a group of American senators is developing a bill that opens access to the crypto market for institutional investors. And one more news to consider: the city of Lugano in Switzerland has recognized bitcoin and the leading stablecoin Tether (USDT) as legal tender.
(BTC) Bitcoin Price Chart Shows It Keeps $38k Level

(BTC) Bitcoin Price Chart Shows It Keeps $38k Level

Alex Kuptsikevich Alex Kuptsikevich 08.03.2022 08:38
BTC is holding at $38K for the second day in a row, remaining 12% below the levels it reached a week earlier. Ethereum lost 1.3% over the past day, other leading altcoins from the top ten are moving in the range between +1% (BNB) to -4% (XRP). According to CoinMarketCap, the total capitalization of the crypto market decreased by 0.2% over the day, to $1.71 trillion. The Bitcoin Dominance Index added 0.1% to 42.4%. The Fear and Greed Cryptocurrency Index lost 2 points to 21 in a day and remains in a state of “extreme fear”. Bitcoin has started this week with a drawdown along with a decline in all risky assets on reports of intensified hostilities in Ukraine. In the middle of the day, BTC managed to turn against the tide, winning back the initial failure, despite the decline in stock indices. FxPro’s analyst team mentioned that over the weekend, the US discussed the possibility of a ban on Russian oil imports, which could lead to a jump in energy prices and slow economic growth. Big players are piling up USDT during the decline of bitcoin in order to probably buy the first cryptocurrency at a lower price, according to Santiment. Including, according to Whale Alert, a wallet with 407 BTC “woke up”, which has not been active since 2013. It may well expect big deals from him in the near future. One of the founders of Apple, Steve Wozniak, said that most crypto assets are robbery and fraud. However, he has always admired bitcoin and called it in 2020 a “unique mathematical marvel”, but specified that he wasn't planning to invest in BTC.
Bitcoin (BTC) Price Has Increased By 8.7%, Ether (ETH) Has Gone Up By 7.9%, XRP Has Added 3.3%, Terra +21%

Bitcoin (BTC) Price Has Increased By 8.7%, Ether (ETH) Has Gone Up By 7.9%, XRP Has Added 3.3%, Terra +21%

Alex Kuptsikevich Alex Kuptsikevich 09.03.2022 08:43
The last bitcoin growth impulse confirmed the break of the downtrend: the chart confidently rebounded from the former upper limit of the downtrend trading range. However, as before in March, a consolidation above the previous highs in the area of $45K is required to confirm a break in the trend. As Ethereum dropped to a 10-day low, traders started buying put options in anticipation of the second cryptocurrency falling to $2,200. On March 14, the European Parliament will approve the final version of the bill on the regulation of cryptocurrencies without wording that could be interpreted as a potential ban on bitcoin mining. US President Biden will also sign an executive order to regulate cryptocurrencies this week. The focus may be on tracking transactions and preventing circumvention of US sanctions. The cost of bitcoin in rubles has updated its historical highs, exceeding 5 million rubles. Bitcoin was not so expensive even in April and November 2021, when its price in dollars exceeded $60,000. In general, the benchmark cryptocurrency has jumped by 8.7% over the past day, to 41,450. Ethereum has added 7.9% over the same time, while other leading altcoins from the top ten show growth from 3.3% (XRP) to 21% (Terra). According to CoinMarketCap, the total capitalization of the crypto market grew by 6.9% over the day, to $1.83 trillion. The dominance index jumped to 43%. The Cryptocurrency Fear and Greed Index rose 1 point to 22, remaining in "extreme fear" territory.Bitcoin was bought on the decline to $38K, and the move to $40K on Wednesday morning caused a surge in buying, probably associated with the closing of part of the short positions, quickly bringing the rate to current values.
Crypto Update: Bitcoin (BTC) Has Lost 5.6%, Ether (ETH) Has Decreased By 4.8%, Terra (LUNA) Has Lost 1% And AVAX Has Gone Down As Well

Crypto Update: Bitcoin (BTC) Has Lost 5.6%, Ether (ETH) Has Decreased By 4.8%, Terra (LUNA) Has Lost 1% And AVAX Has Gone Down As Well

Alex Kuptsikevich Alex Kuptsikevich 10.03.2022 08:33
Bitcoin soared 8.8% on Wednesday, ending the day around $41.9K. Apparently, the benchmark cryptocurrency experienced clear problems with growth above $42K. On Thursday morning we see an equally strong reversal move back to $39K. As a result, Bitcoin lost 5.6% in 24hours Ethereum - 4.8%, other leading altcoins from the top ten are declining from 1% (Terra) to 7.2% (Avalanche).According to CoinMarketCap, the total capitalization of the crypto market decreased by 4.5% over the day, to $1.75 trillion. The Bitcoin Dominance Index dropped from 43.0% to 42.7%.The Cryptocurrency Fear and Greed Index added 6 points to 28, climbing into “fear” territory.Bitcoin's growth momentum was also supported by the positive dynamics of stock indices, however, on Thursday morning, the positive pull on them remains in contrast to the sell-off of cryptocurrencies. Bitcoin jumped when a statement by Janet Yellen appeared on the website of the US Department of the Treasury, which does not contain strict measures to control the field of cryptocurrencies. The statement was posted, probably prematurely, and then quickly removed from the site.Later on Wednesday, US President Joe Biden signed the first executive order to regulate cryptocurrencies in the country. The document contained only the most general provisions, such as consumer protection, financial stability, technology development and the illegal use of cryptocurrencies. More specific measures in the field of control over the digital asset market will be developed by individual federal departments. In our opinion, the States are making it clear that they will not allow cryptocurrencies to become a shadow business and be used to circumvent sanctions, taxes, money laundering and similar things. Such control is more difficult to implement than with centrally issued fiat money.    
Crypto Update: Bitcoin Price Has Decreased By 1%, ETH Hasn't Fluctuate Much. XRP Has Gone Up By 1.6%

Crypto Update: Bitcoin Price Has Decreased By 1%, ETH Hasn't Fluctuate Much. XRP Has Gone Up By 1.6%

Alex Kuptsikevich Alex Kuptsikevich 11.03.2022 08:37
Bitcoin fell 5.4% on Thursday, ending the day near $39.6K, and further to $38.9K on Friday morning, down 1% in 24 hours. Ethereum has remained almost unchanged over the same time (-0.3%), while other leading altcoins from the first are changing in different directions, from a 1.6% increase (XRP) to a 1% decrease (BNB). According to CoinMarketCap, the total capitalization of the crypto market sank by 0.2% over the day to $1.74 trillion. The bitcoin dominance index continues to decline, falling from 42.7% yesterday to 42.4% due to the greater stability of altcoins. The crypto-currency index of fear and greed lost 6 points in a day to 22, again entering the territory of "extreme fear". Bitcoin fully returned the growth of Wednesday, which was caused by the adoption in the United States of the first document on the regulation of cryptocurrencies. The decline in stock indices and the growth of the dollar also did not favour the purchases of the first cryptocurrency, which often moves in unison with the general demand for risks. The first decree on cryptocurrencies signed the day before can become the basis for future US legislation on regulating relations in the crypto sphere. Against this background, the shares of companies associated with cryptocurrencies have noticeably risen in price. One of the largest investment banks, Goldman Sachs, is going to expand its offering for trading digital assets. The bank is exploring the possibility of launching bilateral crypto-currency options. World-famous investor and writer Robert Kiyosaki has warned that the world economy is now on the verge of hyperinflation and advised to "stay away" from the stock market. Against the backdrop of a severe crisis in the financial system of the Russian Federation and restrictions imposed on the circulation of the dollar and the euro, the demand of the population for cryptocurrency has increased sharply. Now it is primarily used for the transfer of capital abroad or for parking in "hard" currency. Analysts believe that regulators are unlikely to be able to effectively prevent such transactions. But the state is helped by crypto-exchanges, which block the Russians on their own initiative. There remain the possibilities of p2p platforms, that is, transfers between individuals. However, there are significant risks of fraud associated with such transactions.
Blockchain Gaming - Where NFT, RPG And Layer 2 Meet

Apple Co-Founder Speaks Of The Future Of Bitcoin Price

Alex Kuptsikevich Alex Kuptsikevich 14.03.2022 08:42
Bitcoin has decreased over the past week by 0.9%, ending it at around $38,700. Yesterday, the decline continued, bringing the price to 38500. Ethereum lost 0.7% in 24 hours and added 1.5% in a week. Other leading altcoins from the top ten show mixed dynamics over 24 hours: from a decline of 3.8% (XRP) to a rise of 3.3% (Terra). According to CoinMarketCap, the total capitalization of the crypto market decreased by 14% in 24 hours, to $1.72 trillion. The Bitcoin Dominance Index fell 0.1% to 42.4%. The FxPro Analyst Team emphasized that the Cryptocurrency fear and greed index added 2 points in a day to 23 and remains in "extreme fear" condition. In the first half of the past week, the first cryptocurrency tried to strengthen, testing five-day highs near $42,600. Later, BTC lost all gains, again being thrown back to support near $38,000. Pressure on all risky assets continues to be exerted due to the situation in Ukraine. One of the Apple founders, Steve Wozniak, said that bitcoin would reach $100,000, which will be facilitated by the general interest in cryptocurrency. At the same time, he has a negative attitude towards altcoins and non-fungible tokens (NFTs). The US Securities and Exchange Commission (SEC) has again rejected applications from the NYSE Arca and Cboe BZX Exchanges to create spot bitcoin ETFs due to non-compliance with US exchange law. El Salvador has announced that it will postpone the issuance of bonds in bitcoins in connection with the events in Eastern Europe. The received funds were planned to be used for the construction of the "Bitcoin City". Visiting the UAE, Russians massively sell cryptocurrency for billions of dollars. Earlier, FBI Director Christopher Wray emphasized that the United States has vast experience in tracking cryptocurrencies, and Russia will not be able to use them to circumvent sanctions.  
US Inflation Report And Its Impact On The Cryptocurrency Market

Blockchain Projects: COTI Explained. What Is It?

Binance Academy Binance Academy 14.03.2022 12:31
TL;DR COTI is a decentralized payment solution that aims to address the blockchain scalability issue. Unlike traditional blockchains, COTI doesn’t rely on Proof of Work (PoW) or Proof of Stake (PoS) to validate transactions. It adopts a unique consensus algorithm called Proof of Trust (PoT), which combines directed acyclic graph (DAG) data structure with PoW. PoT can lower transaction costs and increase throughput to up to 100,000 TPS. Its native token COTI is a cryptocurrency that operates on three different mainnets. COTI is used for paying transaction fees and can be staked to earn rewards in the Treasury. You can also use COTI and other cryptocurrencies to pay for goods and services with the COTI Visa debit card. Learn more on Binance.com   Introduction COTI is a decentralized payment solution that facilitates fast and secure transactions with low fees. It aims to revolutionize traditional finance by eliminating the intermediaries and empowering organizations to build their own payment solutions and digital currencies or stablecoins.     What is COTI? COTI stands for “Currency of the Internet”. Designed by Samuel Falkon in 2016, it was built to support both fiat currency and cryptocurrency for everyday transactions. COTI is the native cryptocurrency of the COTI ecosystem.   How does COTI work? Scalability has been a challenge for major blockchains, such as Bitcoin (BTC) and Ethereum (ETH). They process transactions using blocks, which are added periodically to a growing chain of blocks. However, there’s a waiting period for the blocks to be accepted, which could take a long time to confirm the transactions. For example, Bitcoin can only handle around 20 transactions per second, compared to Visa’s 65,000 TPS. The COTI network is built on Trustchain, a layer-1 blockchain protocol with a directed acyclic graph (DAG) data structure. It can significantly lower transaction costs and increase throughput to up to 100,000 transactions per second (TPS).   Proof of Trust (PoT) To address scalability issues, COTI combines Trustchain, a DAG-based data structure, and Proof of Work (PoW) to create the Proof of Trust consensus mechanism. The COTI DAG is called “the Cluster”, a distributed ledger for recording transactions on the network. Instead of gathering transactions into blocks, transactions are placed in sequence, one after the other. For a new transaction to be acknowledged, the validating nodes must link it to two prior transactions. But which transactions should they link? It depends on their Trust Score. In the PoT system, validators are selected based on their trustworthiness. Each user and node on the Cluster are rated according to their Trust Scores, calculated by their historical behavior and payment statistics. The higher the Trust Score, the quicker their transactions can be processed and the lower the fees. When a user initiates a transaction on COTI, the Source Selection Algorithm will randomly assign two validating nodes with similar Trust Scores. As a result, transactions from trusted users will be confirmed much faster. As transactions with different Trust Scores will be processed in parallel, it can achieve scalability and network security. In COTI, PoW isn’t adopted in the way we’re accustomed to. It doesn’t rely on mining to achieve trust. PoW is only used to protect COTI from spamming attempts and incentivize network participants. Completing PoW tasks allow validators to attach their transactions to the Cluster, but it doesn’t guarantee that they can do so. It all depends on their Trust Scores, which are also used for setting the PoW levels that can indirectly affect transaction fee levels. With no mining required, COTI can operate with very low transaction fees.   A MultiDAG ecosystem The COTI MultiDAG ecosystem is similar to that of Ethereum. There are several independent DAGs on the network with different purposes. They each maintain fully customized tokens and applications, but all run simultaneously on the same infrastructure to make the whole network more efficient. Smart contracts on the COTI DAG are on-chain and decentralized, and the fees for executing them are more affordable than the gas fees on Ethereum. They also allow merchants to create high-performance digital currencies and stablecoins on Trustchain. Users can create their own fiat-collateralized, crypto-collateralized, or even non-collateralized stablecoins with the MultiDAG. For example, COTI is the official issuer of Cardano (ADA)’s stablecoin Djed and the payment system ADA Pay.   COTI Pay COTI Pay is a decentralized payment network that can process both crypto and fiat payments. Users can make nearly instant payments to friends and merchants via COTI Pay wallets, all with very low transaction fees. In addition, COTI Pay supports offline payment with crypto-friendly bank accounts and physical Visa debit cards. They can store fiat currency balances and facilitate in-store payments without having to pay currency exchange fees to third-party service providers. Similar to other online payment systems like PayPal, the COTI Universal Payment System (UPS) offers buyers-seller protections with an arbitration system. This dispute resolution mechanism works with the Trust Score algorithm to safeguard against user errors and fraud and maintain the payment system’s security. The COTI Pay network has its currency exchange (COTI-X) and a stablecoin (COTI Dime). COTI-X functions as a foundational layer for COTI Pay’s applications and services. It’s an internal liquidity pool that powers cross-currency payments, meaning that the COTI network can process instant on-chain settlements on any crypto. This is a competitive advantage for merchants planning to accept cryptocurrencies as payment methods. COTI-X helps the network process millions of dollars in transactions every month. Not only does it speed up the confirmation time for transactions, it also protects merchants from market volatility.   What is the COTI token? COTI coin is the native token of the COTI ecosystem. It is a DAG-based cryptocurrency with a total supply of 2 billion. COTI doesn’t require PoW mining to secure the network. COTI operates on three different mainnets: Trustchain, Ethereum, and BNB Chain. Trustchain: COTI’s native mainnet; Ethereum: COTI also exists as an ERC-20 token on the Ethereum network. It’s traded on some crypto exchanges and used in DeFi DApps ; BNB Beacon Chain (formerly Binance Chain): a BEP-2 version of COTI. COTI token holders can use the COTI Bridge to interoperate between the different networks (mainnets). Apart from paying for services within the ecosystem, COTI can be deposited into the COTI Treasury for DeFi staking. The Treasury will then allocate COTI as incentives for arbitrators and node operators within COTI Pay.   How to buy COTI on Binance? You can buy COTI on cryptocurrency exchanges like Binance.  1. Log in to your Binance account and go to [Trade]. Select either the classic or advanced trading mode. 2. Click on [BTC/USDT] on the top left and search for “COTI”. It will display all the available trading pairs, such as COTI/BUSD. 3. Go to the [Spot] box on the right and enter the amount of COTI to buy. You can use different order types, such as a Market order. Click [Buy COTI] and the tokens will be credited to your Spot Wallet.           Closing thoughts As the online payment industry develops, there will be an increased demand for a highly scalable platform, for both crypto and fiat transactions. According to the team, COTI is looking to expand partnerships with more projects and merchants and is expected to bring more use cases to the platform in the near future.
NEAR - Blockchain Project Launched In 2020. What Is It?

NEAR - Blockchain Project Launched In 2020. What Is It?

Binance Academy Binance Academy 14.03.2022 12:34
TL;DR NEAR Protocol is a layer-1 blockchain that uses Nightshade, a unique sharding technology, to achieve scalability. It was launched in 2020 as a decentralized cloud infrastructure to host decentralized applications (DApps).  NEAR offers cross-chain interoperability through the Rainbow Bridge and a layer-2 solution called Aurora. Users can bridge ERC-20 tokens and assets from the Ethereum blockchain to the NEAR Protocol network, which gives them access to higher throughput and lower transaction fees. NEAR is the native token of the NEAR Protocol. It’s used for paying transaction and data storage fees. NEAR token holders can also stake their tokens on the NEAR wallet to receive rewards or use them to vote for governance proposals.  Learn more on Binance.com Introduction As cryptocurrencies and blockchain technology became more popular, Bitcoin, Ethereum, and other networks started facing scalability challenges due to increased demand. The growing interest in decentralized applications and non-fungible tokens (NFTs) make these challenges particularly noticeable on the Ethereum blockchain. The network often faces increased gas prices and transaction costs due to heavy traffic, which can be discouraging for many users and developers.  While there are several teams exploring different scaling solutions for blockchain networks, the NEAR Protocol (NEAR) team is focused on addressing the limitations through sharding.     What is NEAR Protocol? NEAR Protocol is a layer 1 blockchain that uses sharding technology to achieve scalability. NEAR uses smart contracts and adopts the Proof of Stake (PoS) consensus mechanism to secure its network. Built by the NEAR Collective, the NEAR Protocol was co-founded by Alex Skidanov and Illia Polosukhin in 2020. The project is being developed as a community-operated cloud infrastructure for hosting decentralized applications (DApps). The NEAR platform contains a wide range of programming tools and languages, as well as smart contracts with cross-chain functionality to help developers build DApps. The platform counts with a simplified onboarding process and features human-readable account names instead of cryptographic wallet addresses. As a PoS blockchain, NEAR was awarded the Climate Neutral Product Label in 2021 for being carbon neutral.    How does NEAR Protocol work? To compete with other smart contract-enabled blockchains like Ethereum, EOS, and Polkadot, NEAR implements several features in its ecosystem to enhance its performance.   Nightshade Sharding Nightshade is the core technology of the NEAR blockchain. It is a sharding technology for processing data more efficiently. Sharding refers to splitting the work of processing transactions across many validator nodes. This way, each node will handle only a fraction of the network’s transactions, which allows for a higher number of transactions per second (TPS). On NEAR, Nightshade utilizes block producers and validators to process transaction data in parallel across multiple shards. Each shard will produce a fraction of the next block. Each fraction is called a chunk. These chunks are then processed and stored on the NEAR Protocol blockchain to finalize the transactions they contain. In theory, Nightshade may allow NEAR to handle millions of transactions per second without affecting its performance. Depending on the network condition, it will dynamically split and merge shards based on network traffic and use of resources. When the network is at a high capacity, the number of nodes will increase. The overall efficiency can be maintained, and transaction fees can be kept low. Unlike other PoS networks, validators do not compete for the next block based on the size of their stake. NEAR uses an election mechanism called the Thresholded Proof of Stake (TPoS) to select validators. TPoS is similar to an auction, where a large pool of prospective validators indicates how much NEAR token they’re willing to stake via a signed transaction. TPoS will then determine the minimum threshold for becoming a validator in each epoch (typically, a 12-hour interval). Those that have staked above that threshold will have a chance to be selected as validators, proportional to the amount they staked.    Rainbow Bridge Rainbow Bridge is an application on NEAR that allows users to transfer ERC-20 tokens, stablecoins, wrapped tokens, and even NFTs between the Ethereum and NEAR blockchains. This lets developers and users take advantage of the higher throughput and lower fees on the NEAR Protocol.  The Rainbow Bridge is fully permissionless and decentralized. To bridge tokens, users can send ERC-20 assets directly from MetaMask or other Web3 wallets to the NEAR Wallet and vice-versa. First, they need to deposit the token in an Ethereum smart contract. Since direct token transfer is not possible between networks, the tokens will be locked and taken out of circulation on Ethereum. New tokens will be created on NEAR to represent the original ones. In this way, the total circulating supply of the token remains constant across both blockchains.  In most cases, transactions on NEAR will confirm in 1-2 seconds and cost under $1. However, if the user wishes to move the token back to Ethereum, the procedure can cost more and take longer to process. The final value will depend on the current Ethereum traffic and gas prices.    Aurora Aurora is a layer-2 solution on the NEAR Protocol blockchain. It aims to help developers expand their apps on an Ethereum-compatible platform that offers low transaction costs for their users. According to NEAR, Aurora is able to host thousands of transactions per second, with only approximately 2 seconds of block confirmation time. Aurora is composed of the Aurora Engine and the Aurora Bridge. Aurora Engine is an Ethereum Virtual Machine (EVM) on the NEAR Protocol, meaning that it is compatible with Ethereum and supports all tools available in the Ethereum ecosystem. This makes it easier for developers to get started on NEAR without having to rewrite their DApps or learn how to work with new development tools. They can also use the Aurora Bridge (the same technology as the Rainbow Bridge) to seamlessly bridge their smart contracts and ERC-20 tokens between the Ethereum and NEAR Protocol blockchains. Users can also pay transaction fees with ETH on Aurora.   What is the NEAR token? NEAR Protocol (NEAR) is the native token of the NEAR ecosystem. It’s an ERC-20 token with a max supply of 1 billion. NEAR can be used for paying transaction and storage fees on the network. Also, smart contract developers can receive a portion of the transaction fees their contract generates. To keep NEAR scarce, the remaining transaction fees will be burned. Token holders can stake on the NEAR Wallet to earn rewards too. They stake NEAR to run validating nodes for rewards that amount to 4.5% of the total NEAR supply. They can also participate in the governance of the NEAR network by voting on decisions and submitting proposals related to the platform and products.   How to buy NEAR on Binance? You can buy NEAR Protocol (NEAR) on cryptocurrency exchanges like Binance.  1. Log in to your Binance account and click [Trade]. Select either the classic or advanced trading interface. 2. Click on [BTC/USDT] to open the search bar. Enter “NEAR” and you’ll see the available trading pairs. In this example, we’ll use NEAR/BUSD. 3. Go to the [Spot] box on the right and enter the amount of NEAR you wish to buy. You can use different order types to place the order. Select an order type, such as Market order, and click [Buy NEAR]. The NEAR tokens will be credited to your Spot Wallet.       Closing thoughts As the blockchain space grows, platforms that can offer lower transaction costs and increased throughput will likely play an important role in mainstream adoption. NEAR’s scaling solutions can attract developers looking to build more efficient DeFi products and decentralized applications (DApps). The NEAR roadmap includes further sharding developments and layer-2 cross-chain solutions to further scale its blockchain and ultimately benefit developers and end-users.
Tesla CEO Elon Musk To Save His Bitcoins And Other Crypto

Tesla CEO Elon Musk To Save His Bitcoins And Other Crypto

Alex Kuptsikevich Alex Kuptsikevich 15.03.2022 08:36
Bitcoin slightly strengthened over the past day to 38,800 (+0.5%). Ethereum lost 0.8%, while other leading altcoins from the top ten range showed an amplitude from -2.4% (Avalanche) to +3.7% (Terra). According to CoinMarketCap, the total capitalization of the crypto market grew by 0.4% in 24 hours, to $1.73 trillion. The Bitcoin Dominance Index rose 0.3 points to 42.7%. The fear and greed index is at 21 (-2 points) now and is remaining in a state of "extreme fear". The FxPro Analyst Team emphasized that Bitcoin updated its weekly lows around $37,500 today. Subsequently, the first cryptocurrency bounced up, briefly rising above $39,300 in the middle of the day on the news from Elon Musk. The CEO of Tesla said he had no plans to sell his cryptocurrencies. Musk tweeted that he owns not only Bitcoin but also ETH and DOGE. However, BTC did not show a strong reaction to this statement: during the American session, it levelled a slight increase against the backdrop of a fall in US stock indices. Dogecoin reacted to Musk's comment much more violently, jumping more than 7% at the time. According to CoinShares, institutional investors withdrew about $110 million from crypto funds last week, despite seeing the largest capital inflow in three months the week earlier. The European Union abandoned plans to introduce a virtual ban on mining based on the Proof-of-Work (PoW) mechanism. At the same time, Russian State Duma deputy Alexander Yakubovsky said that Russia has a real opportunity to create its own crypto exchanges.
US Inflation Report And Its Impact On The Cryptocurrency Market

Crypto Prices: Bitcoin (BTC) Gained 1.4%, ETH Increased By 3.1%, Polkadot (DOT) Went Up By 4.5% And Terra Decreased (-6%)

Alex Kuptsikevich Alex Kuptsikevich 16.03.2022 08:30
BTC added 1.4% over the past day to $39.3K. Attempts to develop an offensive ran into a selling wall. The most important line of defense in the first cryptocurrency at the 38.0K area is still more confident withstanding all bear attacks. Ethereum added 3.1% to $2.6K in 24 hours. Other leading altcoins range from a 6% decline (Terra) to a 4.5% rise (Polkadot). According to CoinMarketCap, the total capitalization of the crypto market grew by 1.4%, to $1.75 trillion. The Bitcoin Dominance Index lost 0.1 percentage points to 42.6%. Cryptocurrency fear and greed index added 3 points to 24, although it remains in the territory of "extreme fear". The FxPro Analyst Team mentioned that during the Asian session, there was a sharp jump in the rate from $39.2K to $41.7K, followed by an almost equally rapid pullback to the area below $39.0K. Stop orders were triggered in the morning low-liquid market, but it is clear that the selling pressure remains huge. In fact, since February 10, the rises in the Bitcoin rate have become less and less long and end at ever lower levels. The reason for the jump in prices in early trading in Asia was the statements of official Beijing on support for the markets, which caused a rally in the shares of the region. However, Bitcoin frankly ignored the drawdown of Asian stocks in recent days, so it quickly returned to its place, because other factors have become its key drivers in recent days. Meanwhile, Glassnode believes that bitcoin investors may face a final capitulation. This is indicated by the high proportion of "unprofitable" coins among short-term holders. At the same time, the uncertainty associated with geopolitics and the Fed rate weakened the accumulation of BTC by hodlers and caused an increase in sales on their part.
Binance Academy: Non-fungible Tokens: $69 Millions For An NFT!? NFT - What Is It?

Non-fungible Token Of Instagram!? Bitcoin (BTC) Trades Quite High

Alex Kuptsikevich Alex Kuptsikevich 17.03.2022 08:53
Instagram will implement NFT in a couple of months, Meta founder Mark Zuckerberg said. Despite the loud statement, it should be noted that all of Zuckerberg's projects related to digital assets previously failed and did not find wide support from the digital community. The head of Meta has a good sense of trends of social networks, augmented reality or metaverses, and in the latter two, there are more and more fast-growing projects. Meanwhile, Bitcoin is up nearly 4% over the past 24 hours to $41K. Ethereum added 4.7% to $2.75K, while Terra is out of the range, losing 0.6% in 24 hours, and other leading altcoins from the top ten add from 3.5% (XRP) to 9.8% (Avalanche). The total capitalization of the crypto market, according to CoinMarketCap, grew by 4% over the day, to $1.82 trillion. The Bitcoin Dominance Index rose 0.2 points to 42.8%. The crypto-currency index of fear and greed added 3 more points in a day, to 27, moving from extreme anxiety to just fear. The FxPro Analyst Team mentioned that demand for bitcoin was supported by it rising for the second day in a row. It was helped by the strengthening of stock indices and the weakening of the dollar. On Wednesday, the US Federal Reserve raised rates by 0.25%, but the comments made by market participants seemed softer than expected, which caused the dollar to fall. According to Glassnode, $1.2 billion worth of bitcoin was withdrawn from the Coinbase crypto exchange in just a week. This is the largest net outflow since July 2017, which signals the mood of investors for long-term storage of the asset. Despite the positive dynamics in recent days, Bitcoin has been trading in a sideways range between $37K and $42K for almost the entire month of March, unable to choose a further direction. Since the last days of February, there has been a solid support line on the declines under $38K. And this is bullish strength, reflecting that long-term buyer interest has migrated from $30K to $38K due to inflation and geopolitical tensions. Such a migration of the level of interest to long-term buyers fully reflects the price jump, which is the actual depreciation of the value of fiat currencies.
Bitcoin Continues Its Downward Trend AndIs Backed By Its Own Mining Hardware

Bitcoin Price Prediction - $500k Level In A Few Years Time?

Alex Kuptsikevich Alex Kuptsikevich 18.03.2022 09:00
Galaxy Digital CEO Mike Novogratz, known for his bullish predictions, has unveiled a new one that sees BTC hit $500,000 in 2025. Should we believe in that? No sharp movements According to the Santiment team, Bitcoin whale activity has fallen to its lowest level in a year in recent days. Therefore, one should not expect sharp movements in the market soon. In confirmation of this, Bitcoin is down only 0.4% over the past 24 hours to $40.7K. Ethereum has added 1.5% over the same time, other leading altcoins from the top ten are changing from -2.0% (Terra) to 5% (Avalanche). According to CoinMarketCap, the total capitalization of the crypto market grew by 0.3% over the day, to $1.83 trillion. The Bitcoin dominance index decreased by 0.4% to 42.4% due to the better dynamics of altcoins. The crypto-currency index of fear and greed lost 2 points to 25 in a day and again found itself in a state of "extreme fear". In searching of the bottom Despite the outstripping dynamics of altcoins, a sequence of lower and lower local highs continues to form in Bitcoin. In early February, the upside lost momentum as it moved above $45.5K. In the first days of March, the bears already dominated on the way to $45K, on the 8th already near $42.5K, and in the last two days they are trying to form a downward reversal at $41.5K. At the same time, the bulls manage to form a strong support near $38K. The FxPro Analyst Team emphasized that in terms of technical analysis, BTCUSD remains close to its 50-day moving average, clearly indicating the absence of any trend now. However, a consolidation in a descending triangle is usually a respite before the next decline. We will see the implementation of this scenario if BTCUSD fixes under $38K. An alternative scenario and a new upside momentum should be expected if the bulls manage to push the price above the previous highs of $42.5K, or close the day/week above $42K. News to consider Galaxy Digital CEO Mike Novogratz, known for his bullish predictions, has unveiled a new one that sees BTC hit $500,000 in 2025. The State Russian Duma urged to speed up the launch of the cryptoruble in order to better bypass Western sanctions. Meanwhile, the Central Bank of the Russian Federation recommended that banks strengthen control over the operations of clients related to cryptocurrencies.
Can Bitcoin (BTC) Become An Alternative To... Gold? BTC Increased By 6.3% And Reached Ca. $41.3k

Can Bitcoin (BTC) Become An Alternative To... Gold? BTC Increased By 6.3% And Reached Ca. $41.3k

Alex Kuptsikevich Alex Kuptsikevich 21.03.2022 09:33
Bitcoin gained 6.3% over the past week, finishing near $41.3K. The price retreated slightly to $41.0K on Monday morning, losing 2.1% over the last 24 hours. Ethereum has corrected by 2% over the same period but still added 11.6% to the price seven days ago. Other leading altcoins in the top 10 have gained between 7.3% (Polkadot) and 24.8% (Avalanche) over the past week. Total cryptocurrency market capitalisation, according to CoinMarketCap, rose 7.5% for the week to $1.86 trillion. The Bitcoin Dominance Index fell 0.6 points to 41.9% due to outperforming altcoins. The Cryptocurrency Fear and Greed Index rose 7 points for the week to 30 and moved into "fear" from "extreme fear". Last week turned out to be a good one for the crypto market, with bitcoin rising the most in six weeks. Last Wednesday, the US Federal Reserve meeting weakened the dollar and boosted stocks, which benefited all risky assets, including cryptocurrencies. Meanwhile, bitcoin has continued to trade in a sideways range of $38-45K for the second month, with a closer look marked by a sequence of declining local highs with bullish momentum fading near 42 in the last two weeks. The positive sentiment is supported by the 50-day moving average reversing upwards. BTCUSD broke it in a relatively strong move on March 16th, and it has been acting as local support ever since. The external environment in the financial markets remains mixed. Traders have tighter financial conditions due to higher rates and waning economic growth on one side of the scale. On the other side is the demand for purchasing power insurance for capital due to the highest inflation in two generations. Weighing these factors, Galaxy Digital head Mike Novogratz said bitcoin would continue to trade in a sideways range this year. He said BTC will resume growth and reach $500K by 2025 as inflation curbing measures are too weak. Piyush Gupta, chief executive of Singapore's largest bank, DBS, said cryptocurrencies could be an alternative to gold but would not be able to fit into the traditional financial system due to excessive volatility.
Bitcoin Continues Its Downward Trend AndIs Backed By Its Own Mining Hardware

On Monday (BTC) Bitcoin Price Reached The Level Of Ca. $41k

Alex Kuptsikevich Alex Kuptsikevich 22.03.2022 08:43
BTC changed a little on Monday, ending the day around $41.3K. However, in early trading on Tuesday, we saw a jump of more than 5% to $43.3K; then the first cryptocurrency sunk to $42K. Over the past 24 hours, Ethereum has gained 4%, and other leading altcoins from the top ten are not far behind: Solana and Avalanche are up 2%, Cardano is up 6%. Terra is out of the general outline, decreasing by 0.5%. According to CoinMarketCap, the total capitalization of the crypto market increased by 3% over the day, to $1.92 trillion. The Bitcoin Dominance Index added 0.1 percentage points to 42% due to the BTC surge. Cryptocurrency fear and greed index fell by 4 points in a day, to 26, as its estimates do not include the latest bitcoin spurt. This is not the first such jump in BTC since the beginning of March, in contrast to the neutral or even negative sentiment in the stock markets. All this indicates the readiness of the bulls for decisive action. However, until now, such impulses cannot be on a solid basis, because the fundamental demand for risks is under obvious pressure. The most that the bulls were capable of in this case was the formation of support at the lows of July last year (ie below $30K). In January, the level moved to $35K and further to $37K at the end of February. According to the FxPro analysts, institutional investors withdrew about $47 million from crypto funds over the past week. The outflow of funds has been observed for the second week in a row. Meanwhile, the largest Australian financial conglomerate Commonwealth Bank of Australia stated a sharp increase in interest in crypto assets among clients. The bank intends to double the department responsible for the crypto industry. Among the big news, it is worth noting the number of burned ETH tokens in the Ethereum network, which exceeded 2 million. The process of burning altcoins began on August 5 after the release of the London update, which changed the mechanism for calculating commissions for transactions. Deputy Prime Minister of the Russian Federation Alexander Novak called for the legalization of cryptocurrency mining, recognizing it as a taxable business. A number of observers believe that this could be a way for Russia to capitalize on its energy potential in the face of reduced demand for Russian oil and gas.
Bitcoin Price Hits $42k, ETH And AVAX Have Decreased, Polkadot (DOT) Gained

Bitcoin Price Hits $42k, ETH And AVAX Have Decreased, Polkadot (DOT) Gained

Alex Kuptsikevich Alex Kuptsikevich 23.03.2022 09:12
BTC rose 3.5% on Tuesday. At the peak of the day, the rate exceeded $43.2K, but by Wednesday morning, it rolled back to $42K, demonstrating a 0.7% correction. Growth without solid reasons? Bitcoin tested 19-day highs above $43,000 supported by stock indexes with Chinese equities predominantly pulling it. BTC rose sharply during the Asian session, adding about $2,000 in a few hours, although a corrective mood then prevailed. Bitcoin clearly doesn't have a reason for a solid establishment on the path of growth yet. Ethereum is losing 1% over 24 hours, while other leading altcoins from the top ten showed mixed dynamics yesterday: from a decline of 2.7% (Avalanche) to a rise of 3.8% (Polkadot). According to CoinMarketCap, the total capitalization of the crypto market decreased by 0.5%, to $1.91 trillion. The Bitcoin dominance index fell by 0.1% to 41.9%. The Cryptocurrency Fear and Greed Index added another 5 points to 31, although it remains in a "fear" state. BTC is ready for sharp swing At the moment, on-chain metrics are consistent with a bear market, Glassnode notes. The rise in implied volatility and higher leverage in the derivatives market point to the possibility of a sharp swing in bitcoin. However, the sell-off in "defensive" developed-country government bonds continues in financial markets as investors park their money in stocks and commodities that provide the best hedge against prolonged and high inflation. At the same time, there are no clear signs of an economic and financial catastrophe that could hurt stocks or commodities. The world's largest hedge fund Bridgewater Associates plans to invest in one of the third-party crypto funds, pointing to the risks for fiat currencies, which lose sharply during periods of military and economic wars.
$30 Trilion Crypto Market Cap!? Regulated Cryptocurrencies Might Increase Demand!

$30 Trilion Crypto Market Cap!? Regulated Cryptocurrencies Might Increase Demand!

Alex Kuptsikevich Alex Kuptsikevich 24.03.2022 09:22
Bitcoin is trading above $43K on Thursday morning, gaining 2.5% over the past 24 hours. Moderate but steady optimism around bitcoin is the best breeding ground for altcoin buyers. Bitcoin is trading around the resistance For the last ten days, we have seen a systematic increase in prices, although with a very modest amplitude by the standards of the crypto market. Ethereum added 3.4%, other leading altcoins from the top ten are in the range from +1% (XRP) to +12% (Dogecoin). According to CoinMarketCap, the total capitalization of the crypto market grew by 2.8% over the past day, to $1.96 trillion. The Bitcoin Dominance Index lost another 0.2% to 41.7%. The crypto-currency index of fear and greed has grown by 9 points, to 40. This is still a fear zone, but already close to neutral territory. Bitcoin retreated from the resistance at $43K on Tuesday. However, on Thursday it is making attempts to gain a foothold above this mark again. The last rollback in this case could be nothing more than a tactical retreat of the bulls in order to develop growth with renewed vigor. Nevertheless, confidence in the formation of a strong bullish momentum will come only after BTCUSD fixes above 45 thousand, from where we saw reversals in February and early March. Moderate but steady optimism around bitcoin is the best breeding ground for altcoin buyers. It is clearly seen that their dynamics is now better than that of the first cryptocurrency. If this trend continues for a couple more days, the effect of a feedback loop may work, when the outstripping growth of altcoins will pull Bitcoin up. Market Cap may grow in 15 times Bank of America predicts that regulation of the cryptocurrency market will increase confidence and increase its capitalization by 15 times, up to $30 trillion. The former head of one of the divisions of Bank of America, David Woo, believes that bitcoin will face economic and geopolitical pressure after the launch of the state digital currency (CBDC) of the United States. China has already acted in a similar way, which has come closest to the introduction of the digital yuan. Thailand will ban the usage of cryptocurrencies as a means of payment from April 1. They declared that such payments have a negative impact on the financial system and reduce the effectiveness of the state's monetary policy.
Price Of Gold Nears $45k As Many Authorities Are Speaking Of Crypto

Price Of Gold Nears $45k As Many Authorities Are Speaking Of Crypto

Alex Kuptsikevich Alex Kuptsikevich 25.03.2022 08:52
Bitcoin is trading above $44.1K on Friday, gaining 2.4% over the past day and 8.2% over the week. Increased inquiry for BTC Yesterday, the first cryptocurrency was in demand during the Asian and American sessions. The current values of BTC are consolidating in the area of 2-month extremes. In contrast to the previous test of these levels, this time, we see a smooth rise in the rate, indicating that the bulls still have some momentum. Also, over the past 24 hours, Ethereum has gained 2.4%, while other leading altcoins from the top ten have strengthened from 0.5% (XRP) to 7.4% (Solana). The exception is Terra, which is shedding 1.8%, correcting part of its gains in the first half of the week. According to CoinMarketCap, the total crypto market capitalization increased by 2.3% to $2 trillion. The Bitcoin Dominance Index rose 0.1 percentage points to 41.8%. The Fear and Greed Cryptocurrency Index added another 7 points to 47 and ended up in the neutral territory. Cardano leads the last week in terms of growth among top coins (+39%) as Coinbase added the possibility of staking cryptocurrency with a current estimated annual return of 3.75% per annum. Countries assess the risks of cryptos Credit Suisse reported that Bitcoin doesn't pose a threat to the banking sector as an alternative to fiat money and banking services. The CEO of BlackRock, one of the world's largest investment companies, noted that military actions in Ukraine and sanctions against Russia will increase the popularity of cryptocurrencies and accelerate their adoption. Despite the rally in global stocks over the past two weeks, financial conditions in the debt markets continue to deteriorate due to rising interest rates and inflation. Largely because of this, El Salvador has postponed the issuance of bitcoin bonds in anticipation of more favorable conditions. Since very active steps to raise key rates are expected in the next year and a half, and Bitcoin is far from the highs, it is unlikely that such bonds will be issued soon. The Bank of England intends to tighten supervision of cryptocurrencies due to the financial risks that their adoption carries. However, the Central Bank urged commercial banks to exercise maximum caution when dealing with these extremely volatile assets.
Terraform Labs - Liquidity Pool, SINGLE - dApp Available - DeFi Update (28/03-03/04/22)

Crypto - A "Financial Bubble" And Fictional Backup?

Alex Kuptsikevich Alex Kuptsikevich 28.03.2022 08:39
Bitcoin rose 9.1% over the past week, ending it around $46,100. Ethereum added 9.5%, while other leading altcoins from the top ten rose in price from 3.2% (XRP) to 27.4% (Cardano). The exception was Terra (-0.4%). Bitcoin broke the resistance According to CoinGecko, the total capitalization of the crypto market increased by 9.9% in a week, to $2.14 trillion. The Bitcoin Dominance Index added 0.2% to 40.6%. The Cryptocurrency Fear and Greed Index rose 18 points in a week to 49 and moved from "fear" to neutral. Bitcoin rose for the second week in a row against the backdrop of strengthening stock indices. On Sunday, BTC broke through strong resistance around $45,000, which reversed its downward movement several times in February and early March. The technical picture favors further gains as Bitcoin climbed above the 100-day moving average (MA) for the first time since early December and heads towards the 200-day MA ($48,200). Cryptos found new drivers for the growth The FxPro analyst team mentioned a possible driver of the uptrend in BTC are rumors about the intentions of the non-profit organization Luna Foundation Guard (LFG) to invest in bitcoin. On March 27, it became known that LFG bought more than $1.1 billion worth of coins to ensure the stability of the Terra USD (UST) algorithmic stablecoin. The best dynamics among altcoins was demonstrated by Cardano against the backdrop of the announcement of ADA staking by Coinbase crypto exchange. Meanwhile, well-known crypto critic Peter Schiff again criticized the cryptocurrency, comparing it to a financial bubble and calling it stupid for people to save their savings from inflation by buying BTC. According to Schiff, cryptocurrencies have no real value and are backed by people's trust in the same way as fiat currency.
Bitcoin has become a leading indicator of investor sentiment

Bitcoin has become a leading indicator of investor sentiment

Alex Kuptsikevich Alex Kuptsikevich 29.03.2022 08:51
BTC is up 4% on Monday, ending the day around $48K, and corrected by about 1% to $47.5K on Tuesday morning. Ethereum was up 1.8% in the last 24 hours to $3.4K. Terra is a leader of the day According to CoinMarketCap, the total capitalization of the crypto market increased by 1% over the day, to $2.15 trillion. The Bitcoin dominance index fell by 0.1 points to 42.1%. The crypto-currency index of fear and greed rose by 11 points over the day, to 60, and moved from neutral level to the "greed" grade. On Tuesday, the index dropped to 56 points. Among the leading altcoins, Terra soared by 10%, Doge corrected by 2%. In most others, there is a slight correction in the growth of the last days, but they are in positive territory over the last day. Bitcoin continued to rise on Monday after it broke through the strong resistance of the February highs around $45K in the previous evening. By the end of the day, BTC has renewed the highs of early January above $48K, having won back the decline since the beginning of the year. Bitcoin is correlating with S&P500 The growth of the first cryptocurrency rested on the 200-day moving average ($48.2K). Confident consolidation above it promises to strengthen and expand the growth of the entire crypto market and breathe fresh impetus into the growth of bitcoin. In December, we saw a false break, but then the price levels were higher, and corrective sentiment intensified in the stock markets. Now Bitcoin is growing along with the rise of stock indices and often even acts as a leading indicator of investor sentiment. According to Arcane Research, BTC's correlation with the S&P 500 stock indicator recently hit a 17-month high. According to CoinShares, institutions invested $193 million in crypto funds last week, and it was the most significant amount in three months. Glassnode believes that the Bitcoin trend has already changed to bullish, as evidenced by the increase in the number of addresses accumulating BTC.
Geojam (JAM) - What Is It? How Does This Token Works?

Geojam (JAM) - What Is It? How Does This Token Works?

Kucoin Blog Kucoin Blog 30.03.2022 14:27
  Table of Contents   What is Geojam? How does Geojam work? What makes Geojam unique? Who created Geojam? Closing thoughts The creator economy is playing a significant role in shaping the future of digital work. At the moment, over 50 million renowned individuals, ranging from social media influencers and celebrities to athletes, are devising new monetization strategies alongside their fans.   However, an effective system would need creators to move their followers from centralized social media organizations, which capitalize on creators’ engagement and impressions. With creators already mapping their future, they lack platforms to actively engage with their fans while monetizing their content at the same time.   Geojam seeks to address this problem by encouraging fans to form Crowds. Crowds are groups of individuals who passionately stand up for what they believe, advocate for what they love, and represent their identity. Through crowds, Goejam offers creators an opportunity to develop scalable monetization plans while establishing stronger connections with their crowds.   Unlike fans who come together to hear creators, crowds form to be heard. Specifically, Geojam offers crowds the power to use their marketable collective influence and attention. The project achieves this by creating shared value with creators that leverage unique social experiences to positively impact and shape lives.   How Does Geojam Work? Geojam uses a two-way interactive relationship to restructure the monetization system around social influence. The social engagement platform records engagement metrics around experiences to create intent-driven marketing. In doing so, Geojam helps foster a generative effect among all interconnected parties. That is, brands, creators, and crowds.   The platform works as a bridge to connect fans and creators, artists, social influencers, and athletes through gamification and real-life experiences. Unlike traditional advertising, which is based on the value of the advertisement, Geojam’s model focuses on interconnected relationships created through shared experiences and crowds.   Since its launch in 2020, Geojam has attracted tens of thousands of iOS users. To achieve this feat, the project allowed users to connect their Spotify and Apple Music accounts to its platform to sign up and start earning Jam Points. Jam Points let holders participate in the Geojam ecosystem.   What Makes Geojam Unique? While music streaming platforms let users access their favorite tunes at a fraction of the cost of downloading the tracks, they do not offer a sense of community. Additionally, they do not provide users with a sense of identity or relationship with the music and artist.   By allowing crowds to form around music, Geojam helps nurture communities with robust discussions and dynamic partnerships. The platform uses Jam Points to measure engagement. Users that actively participate in their crowds get more Jam Points.   Crowd members can redeem their Jam Points in the Jam Shop to acquire highly-coveted platform-exclusive merchandise and once-in-a-lifetime experiences. Thus far, Geojam has on boarded artists like Mariah Carey, Machine Gun Kelly, 24kGoldn, and Nyjah Huston, to mention a few.   Through these collaborations, the platform has offered crowd members opportunities to win experiences like flying on a private jet to an artist’s hometown, playing video games with artists, designing apparel alongside artists, sharing a billboard with musicians, and getting one-of-a-kind memorabilia, among others.   To help crowds and creators tap into the benefits of the rapidly growing decentralized finance (DeFi) industry, Geojam launched a cryptocurrency dubbed JAM. This token will eventually replace Jam Points and help merge the perks of autonomous crypto communities and mainstream social networking. Users will earn JAM tokens for being active in crowds.   Creators that reach out to their crowds and share experiences and opportunities will also get JAM rewards. JAM holders can use their holdings to support crowds or creators. Alternatively, they can trade their tokens for real-world experiences, merchandise, and non-fungible tokens (NFTs).   By incentivizing engagement through JAM, Geojam benefits all stakeholders and eliminates the need for advertising. The platform achieves this by rerouting incentives from social media giants to the creator economy.   Who Created Geojam? Geojam was co-founded by Sarah Figueroa, Sam Krichevsky, and Justin Rosenbaum. Figueroa serves as CEO, Krichevsky as COO, and Rosenbaum as CGO.   The rest of the Geojam features Jon Li as Head of Product, Eli Schiff as Business Development and Strategic Partnerships Lead, Gavin Prophet as Community & Social Media Manager, Alisha Cook as Executive Assistant, Outerskies as Artist Relations & Experience Manager, and Chris Giuliano as Finance & Token Community Manager.   Geojam also features Mariah Carey, Nyjah Huston, and 24kGoldn as celebrity advisors.   Closing Thoughts As an economy where artists, creators, and fans can earn together and generate value for experiencing moments together, Geojam is shaping the future of the creator economy. The platform also helps eliminate the need for social media platforms, which reap most of the benefits of creators engaging with their followers.     Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange_New Download KuCoin App >>> https://www.kucoin.com/download Subscribe YouTube Channel >>> https://www.youtube.com/KuCoinExchange  Source: KuCoin  
US Inflation Report And Its Impact On The Cryptocurrency Market

It's Not A Surprise Many Investors Wonder Which Altcoins To Buy

Alex Kuptsikevich Alex Kuptsikevich 31.03.2022 08:53
Bitcoin has been losing 0.7% in the last 24 hours to $47K. Ethereum added 0.2%, while other leading altcoins from the top ten rose from 0.3% (XRP) to 8.6% (Solana). BTC is going lower According to CoinGecko, the total capitalization of the crypto market grew by 0.7% over the day, to $2.15 trillion. The dominance index immediately fell by 0.6 points to 41.5% due to the strengthening of altcoins. Cryptocurrency index of fear and greed by Thursday rolled back from 55 to 52 points and is now in a neutral state. Solana led the way with news from NFT platform OpenSea, which announced in April that they would add support for tokens on the SOL blockchain. Bitcoin continues to cautiously retreat lower from its 200-day moving average at $48,200, building up strength ahead of a likely move north. The decline in US stock indices on Wednesday after four days of growth also did not contribute to the positive dynamics. Investors are searching for new ideas The FxPro Analyst Team emphasised the outstripping growth of altcoins: it is worth paying attention to in order to understand that among cryptocurrency traders there are no fears for the sector, but there is a search for new ideas, away from institutional capital and the eyes of politicians. There is an influx of stablecoins to centralized platforms, which may indicate the interest of investors in the upcoming purchases of cryptocurrencies. According to a survey by blockchain company StarkWare, 50% of Americans see cryptocurrencies as the future of the financial system. According to Morning Consult, more than 91% of Americans have already heard about cryptocurrencies, of which 19% are owners of digital assets. Bitcoin miners made $3 billion in three months, according to Coin Metrics. ETH miners earned more in the same time period, about $3.7 billion.
Rate Hike Announcements Throughout This Week

Is Crypto.com (CRO) Price Collecting Rocket Propellant?

FXStreet News FXStreet News 31.03.2022 16:21
Crypto.com price token shows signs of climbing higher due to a potential rounding bottom. Investors can expect CRO to trigger an exponential rally after flipping the $0.53 resistance barrier into a support level. A daily candlestick close below the $0.37 foothold will invalidate the bullish thesis, Crypto.com price is currently at the midway point in completing a bullish setup. Therefore, market participants can expect massive returns for this token even before a breakout! Crypto.com price ready for an explosive move Crypto.com token shows no signs of slowing down as it approaches a significant resistance barrier at $0.53. After bottoming at roughly $0.37, CRO has rallied 27% to where it currently trades - $0.53. Flipping the said hurdle into a foothold will be key to triggering a massive run-up for Crypto.com price to retest the $0.88 ceiling. Doing so would complete a rounded bottom setup for CRO. This technical formation shows a slow resurgence of buyers that pushes the price back to its peak. If that were the case for Crypto.com price market participants can expect it to gain a total of 88% from its current position. Depending on the momentum, CRO could extend the run-up and retest the all-time high at $0.97. In some cases, Crypto.com bulls might tag the $1 psychological level and set a new high. CRO/USDT 1-day chart Regardless of the outlook for Crypto.com price, the altcoin market could undergo a drastic U-turn if Bitcoin flash crashes. Hence, market participants need to pay close attention to the big crypto's directional bias. In case of a sudden shift in narrative, a daily candlestick close below the $0.37 foothold will invalidate the bullish thesis for the Crypto.com price by producing a lower low. This move is likely to skew the odds in bears’ favor and trigger a crash that could push CRO to January 22 swing low at $0.32.  
Will September Be A Challenge For Cryptocurrencies Market?

Ziliqa (ZIL), Stepn (GMT) And Moonbeam (GLMR) And More - "Weekly Crypto Analysis" By KuCoin

Kucoin Blog Kucoin Blog 05.04.2022 09:59
  Table of Contents · Crypto Market Overview · Top Altcoin Gainers and Losers · Crypto Fundamentals & News Highlights This Week · Crypto Technical Analysis Global cryptocurrencies are trading bullish on Monday, as the market continues to offer plenty of positive fundamentals. The global cryptocurrency market capitalization increased to $2.31 billion from $2.10 trillion in the previous week. While trading volumes increased to $95.15 billion from $90.99 billion the previous week.   Let's take a quick look at the latest cryptocurrency market news and the technical outlook for the leading crypto coins, Bitcoin (BTC) and Stepn (GMT).   Crypto Market Overview Bitcoin’s dominance is now sitting at 40.70%, as the largest cryptocurrency in the market consolidates at $46,964.94. During the past week, Bitcoin hasn't changed much and continues to trade near $46,212, having lost just 1.41%. On the other hand, Ether, the second-largest cryptocurrency by market cap, has increased by 5.78% in the past seven days. On Monday, ETH/USD was trading at $3,504, up about 0.30% in 24 hours.   Zilliqa (ZIL) extended this week's gains, rising as much as 14% today, bringing its one-week price increase to more than 300%. Increases in the price of the Zilliqa token occurred as markets anticipated the release of a new product based on a metaverse-as-a-service model. Bulls have jumped on board, with ZIL/USD reaching an intraday high of $0.2281 on the news.   Cryptocurrency Heat Map | Source: Coin360   The crypto market is experiencing positive trading sentiment, and cryptocurrency prices are rising. We appear to have a good chance of going long on digital assets.   Top Altcoin Gainers and Losers Altcoins such as Stepn (GMT), Moonbeam (GLMR), and SKALE Network (SKL) remained the top performers from the previous week. GMT increased by more than 200% to trade at $2.43, while GLMR surged by 80.70% in the last seven days to $5.43.   Top Altcoin Gainers: ➢ Stepn (GMT) âž  203.43% ➢ Moonbeam (GLMR) âž  80.70% ➢ SKALE Network (SKL) âž  55.82%   Top Altcoin Losers: ➢ ApeCoin (APE) âž  17.54% ➢ Zcash (ZEC) âž  14.69% ➢ OKB (OKB)âž  9.28%   Crypto Fundamentals & News Highlights This Week Here are some of the events that made the previous week's crypto news section stand out:   Crypto Market Sentiment - Fear and Greed Index As discussed in the previous weekly report, the cryptocurrency fear and greed index collects and condenses emotions and sentiments from various sources into a single number. The Fear & Greed Index for Bitcoin and other major cryptocurrencies is calculated on a daily basis.   Fear & Greed Index | Source: Alternative   The crypto Fear & Greed Index has shown extreme fear in the last month, causing a downtrend in the crypto market. However, this week's score is 52 (Neutral), which means that some investors are feeling a little more optimistic.   Total Value Locked in DeFi Hits Lifetime High $231 Billion Total value locked (TVL) in DeFi is currently around $231 billion, with Curve Finance leading by 9.20 percent with a TVL of $21.3 billion. Curve is a DeFi application that provides nine different blockchain networks, and Curve's TVL has increased by 19.14 percent in the last month.   MakerDAO was the second-largest DeFi protocol in aspects of TVL for much of the last year, but that is no longer the case. With $20.43 billion in DeFi TVL as of April 3, the DeFi application Lido is the second-largest DeFi TVL.   In fact, the rate at which Lido's TVL is increasing suggests that it may soon overtake Curve Finance. Lido's TVL, which supports four different blockchains, has increased by 59.78 percent in the last month.   Total Value Locked | Source: Defillama   Furthermore, the price of Bitcoin surpassed the $46K mark on Sunday, resulting in a market capitalization of $870 billion. A rise in the total value that is locked makes investors more confident and traders start to enter the cryptocurrency market.   Why Bitcoin Price Will Reach $100K, Defiance CEO Explains According to the CEO of Defiance ETFs, she is "completely bullish on bitcoin." A good time to invest in cryptocurrency is now, she said. She also said that the price of bitcoin will reach $100,000. In an interview with CNBC, Sylvia Jablonski, CEO, CFO, and co-founder of Defiance ETFs, explained her bullishness on bitcoin despite recent price declines. People who work for Defiance ETFs run exchange-traded funds (ETFs) and a registered investment advisor who focuses on thematic investing.   According to Jablonski,: "I remain completely bullish on bitcoin. I think the short-term activity is just noise. "   These comments add to the bullish bias in the crypto market, not only for Bitcoin but also for the altcoins.   Ether Steady Near $3.5K as Ethereum Merge Stays in Highlights Ether, the second-largest cryptocurrency by market cap, has increased by 5.78% in the past seven days. On Monday, ETH/USD was trading at $3,504, up about 0.30% in 24 hours. Most of the bullish bias in Ether has been driven by the latest developments in Ethereum and the Merge to Proof-of-Stake.   The transition to Proof-of-Stake has been a long time coming for Ethereum. The Ethereum 2.0 upgrade, also known as "The Merge," is set to go live by the end of June and is described as "the biggest news in crypto today."   According to analysts, developers have successfully tested the merger of Ethereum's proof-of-work and proof-of-stake chains, which will enable Ether staking to earn yields of up to 10% to 15%. With this kind of market optimization, crypto traders are more likely to keep their positions in the ETH/USDT coin, which will help its price.   Bitcoin Supported Amid 3,000 Crypto ATMs Installation in Q1, 2022 The uptrend in Bitcoin can also be associated with the surge in the number of ATMs on the market. There has been a huge rise in the number of cryptocurrencies’ automated teller machines (ATMs) in the last year. Data shows that 20,000 crypto ATMs have been installed.   This year, several ATMs are still being installed. Since December 30, 2,759 more machines have been added to the global list of 36,659 crypto ATMs.   Crypto Funding Rates Turn Positive Amid Optimization in Perpetual Futures Looking at the most recent Bitcoin funding rates, we can see that they have turned positive, remaining mostly above 0%. The crypto funding rate and bitcoin prices typically have a positive correlation. As a result of a positive shift in the crypto funding rate, the BTC/UST price has also risen.   BTC Funding Rates History | Source: Coinglass   Looking at the BTC funding rate history, it is turning slightly positive, indicating investor confidence in the crypto market's uptrend.   Finally, we're going to look at how the crypto market works on the technical side.   Crypto Technical Analysis That concludes the crypto news and fundamental outlook; let us now turn our attention to the market's technical side.   Bitcoin (BTC/USDT) Analysis on KuCoin Chart On a daily timeframe, the BTC/USDT pair is consolidating in a narrow trading range of 45,000 to $48,350. The leading cryptocurrency pair has already violated the ascending triangle pattern, which is now acting as solid support at $45,425. A surge in Bitcoin demand pushes its price towards the next resistance level of $48,350.   Bitcoin's next resistance level remains at $51,990, which is extended by the daily chart's double top pattern.   BTC/USDT Chart on the Daily Timeframe | Source: KuCoin   Alternatively, a surge in the selling trend and a bearish breakout exposes the Bitcoin price towards an uptrend trendline-driven support level of $42,500. Under this, the next support level is at the $40,544 level.   Stepn (GMT/USDT) Analysis on KuCoin Chart On the 4-hour timeframe, the GMT/USDT coin is trading choppy near the $2.19 support level. The Stepn Token has already done a 23.6% Fibonacci retracement, and now it's going even lower to a 38.2% Fibonacci retracement level at $2.19, which is where it's going to end up next.   The formation of Doji candles above 38.2% Fib indicates weakness in the selling bias. Thus, the $2.19 level is acting as major potential support. Under this, GMT/USDT's next major support stays at 1.89%, which is extended by a 50% Fib level.   GMT/USDT Chart on the 4-Hour Timeframe | Source: KuCoin   The relative strength index is at 50, suggesting indecision among investors. While other technical indicators are in a sell zone. Stepn's immediate resistance remains at $2.74, which is extended by a double top pattern. A breakthrough at this level exposes the GMT coin to $3.13.     Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange Download KuCoin App >>> https://www.kucoin.com/download Also, Subscribe to our Youtube Channel >>>Listen to 60s Podcast Source: KuCoin
Promised Land Art Festival 2022 Programme Rolls Out!

Altcoins: UpOnly - What Is It? Play2Earn Is Here

Kucoin Blog Kucoin Blog 08.04.2022 11:28
  Table of Contents · What is UpOnly? · How does UpOnly work? · What makes UpOnly unique? · Who created UpOnly? · Closing thoughts The blockchain gaming industry is rapidly transitioning into a lucrative sector ripe with opportunities for all involved parties. As a result, blockchain-based gaming models like play-to-earn (P2E) are quickly catching on, with the number of gamers and spectators in the space increasing significantly over the past few years.   Analysts believe the online gaming industry will generate revenue exceeding $33.773 billion by 2026. However, despite the rising popularity of play-to-earn gaming, the sector lacks reliable, exhaustive data to inform gamers and spectators of the current state of the market. Current data providers only focus on elementary data like users and data volume.   The lack of comprehensive data on the best paying P2E games, tournaments, and new releases discourage spectators and gamers from venturing into the burgeoning industry, despite its vast financial promise.   To address this issue, UpOnly offers in-depth data on the P2E market and the decentralized infrastructure powering it. In doing so, the platform helps spectators bet on the outcome of P2E games. Watch KuCoin YouTube video for a deep dive of UPO:https://www.youtube.com/watch?v=u28hUcEFfFQ     How Does UpOnly work? UpOnly works by tapping into a centralized database architecture to collect in-depth data on P2E games. UpOnly seeks to become the trusted data source for P2E games, just like how CoinMarketCap and CoinGecko are leading data aggregators in the crypto market,   The UpOnly data directory will achieve this by gleaning real-time data from P2E games by leveraging data query solutions like The Graph. The database will retrieve various information, including price sizes, data on active games, and odds of winning P2E prize pools, to mention a few.   On top of this, UpOnly will also provide data on the best performing P2E platforms in terms of platform usage and the price movement of their native tokens. For instance, UpOnly members can share links to news related to the P2E projects listed on the database.   This information would further equip the database to provide insightful and actionable data, which community members can use to get well-versed with P2E markets. The data directory does not have a limit on the games it can support. As such, UpOnly will be able to add new P2E projects as they launch.   To support P2E gamers, the UpOnly platform will provide data on which games have the highest rewards and the least competition.   Additionally, UpOnly will provide data on the best performing P2E platforms in terms of platform usage and price movements of their native tokens. This data will also benefit spectators, informing them of the most active and exciting games to watch.   What Makes UpOnly Unique? Unlike other data aggregators, which focus on only providing information, UpOnly seeks to launch a decentralized infrastructure that allows members to speculate on the outcome of P2E games. By doing so, UpOnly will help make spectating a viable and reliable source of income.   UpOnly’s native token, UPO, will be at the center of the speculation platform. Spectators that want to predict the outcomes of P2E games must hold this token.   This platform will work like betting sites, where members will need to stake some of their UPO to bet on a game. Should the stars align in their favor, they will get more tokens. If not, they will lose the staked tokens.   UpOnly also seeks to launch a metaverse directory, which will provide all relevant data regarding projects in various virtual worlds. With the metaverse housing P2E games, gamers or spectators looking to establish a virtual presence in the metaverse will be well-positioned to make informed decisions or purchases.   The UpOnly metaverse directory will offer information on digital land purchases, land and goods available for sale, the level of liquidity, users, interactions, and developers who are building in a specific metaverse.   Who Created UpOnly? The UpOnly team is led by CEO Natthapol Assarasakorn who has a global background in marketing, trade finance, business administration, and blockchain technology. Assarasakorn has worked with several large scale multinational enterprises to improve operational costs by implementing DLT solutions. As of December 2021, the team comprised 25 members.   Closing Thoughts As the gaming industry continues growing, so does the need for accurate, comprehensive data. Through its speculation platform and data directory, the project is positioning itself as the go-to data provider for blockchain games. In so doing, UpOnly is primed to help gamers and spectators looking to profit from P2E games.   Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange_New Download KuCoin App >>> https://www.kucoin.com/download Subscribe YouTube Channel >>> https://www.youtube.com/KuCoinExchange Source: KuCoin
Bitcoin (BTC/USD) Hitting One Milion Dollars!? What About (ETH/USD) Price Of Ethereum And Avalanche (AVAX)?

Altcoins To Watch? Check Out LINK, SOL, IOTA - The Cryptocurrencies Less Spoken About

Rebecca Duthie Rebecca Duthie 11.04.2022 13:44
There are many cryptos that are important, but are less commonly spoken about. Cryptocurrency is a type of digital currency that acts as a medium of exchange, the thing about crypto is that not only is it unregulated it is also not reliant on any form of central authority. Cryptocurrency is also defined as a form of digital coins that exist on a blockchain (decentralized and distributed ledger). Instead of talking about the most popular cryptocurrencies, this article will cover 3 of the less spoken about, but still important cryptocurrencies. Chainlink Price Has Decreased! ChainLink was created to support advanced smart contracts on any blockchain, they achieve this by decentralizing oracle networks which provide tamper-proof inputs, outputs and computations, it utilises the LINK token and operators to retrieve data, compute it, format it and guarantee payments from off-chain data feeds. Due to the overall market plunge the price of ChainLink has fallen, however there are other factors such as the lack of growth. Link Price Chart Price Of Solana (SOL) Has Plunged BEcause Of BRC20!? Solana is a decentralized blockchain that was built in order to enable innovative, user-friendly apps for the world. The price of Solana has been bearish for some time, with the price change being in the red since the start of day and for the past week. The recent plunge of the financial market is a major factor driving the fall in price of Solana, however there may be other factors driving this price fall, perhaps the recent fall in the price can also be attributed to the recent introduction of Bitgert BRC20 blockchain to the market, reducing the demand for Solana. SOL Price Chart IOTA - Price Line Can Dissapoint Some Investors IOTA is a form of digital currency it is a unique form of cryptocurrency as it does not feature an underlying blockchain network, it instead uses directed acylic technology. Transactions are always free, regardless of their size, IOTA is a cryptocurrency to be watched, if it capitalized on its current technology, it could eventually become market dominant. Currently the coin is underperforming and has declined in value today, the crypto market is extremely volatile as we have seen with the 2 other cryptos above, crypto prices in general seem to be on the decline. IOTA Price Chart Charts: finance.yahoo.com
VisionGame (VISION) Gets Listed on KuCoin! World Premiere!

VisionGame (VISION) Gets Listed on KuCoin! World Premiere!

Kucoin Blog Kucoin Blog 13.04.2022 11:50
Dear KuCoin Users,   KuCoin is extremely proud to announce yet another great project coming to our trading platform. VisionGame (VISION) will be available on KuCoin. Supported trading pair is VISION/USDT.   Please take note of the following schedule: Deposits Effective Immediately (Supported Network: SPL) Trading: 09:00 on April 14, 2022 (UTC) Withdrawals: 10:00 on April 16, 2022 (UTC) Tags: GameFI, NFT, Solana   Project Summary Total Supply Market Cap Issue Date Consensus Protocol 1,000,000,000 VISION - 2202-04-14 - Circulating Supply 24hr Volume Issue Price Cryptographic Algorithm 9,800,000 VISION - $0.03 - *key metric numbers are calculated as of April 11 2022. VisionGame provides four core products: Vision.SDK, Vision.Wallet, Vision.Offering, and Vision. VisionGame brings the traditional game publishing experience for the blockchain community. A suite of unique products coupled with technical and creative services, support the ever-growing gaming blockchain industry, raising the bar one game at a time. VisionGame provides four core products: Vision.SDK, Vision.Wallet, Vision.Offering, and Vision.Community to help game developers to easily navigate through the blockchain market.   Official Website: https://visiongame.io/ Twitter: https://twitter.com/visiongame_ Watch the VisionGame Deep Dive Video and Subscribe to the KuCoin YouTube channel: https://www.youtube.com/watch?v=Uh75SxRRrr0   Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.   Regards,   The KuCoin Team Find The Next Crypto Gem On KuCoin!   Sign up with KuCoin now! >>> Download KuCoin App >>> Follow us on Twitter >>> Join us on Telegram >>> Join KuCoin Global Communities >>>
Mid-Market Update: Global PMIs collapse, Relief Rally will be tested next week, Mixed Earnings, Oil finds support, Gold shines, Bitcoin steadies

Paying In Crypto On (AMZN) Amazon!? CEO Speaks His Mind! Bitcoin (BTC) And Ether (ETH) Have Gone Down Over Last 24 Hours!

Alex Kuptsikevich Alex Kuptsikevich 15.04.2022 08:33
Bitcoin was down 3.4% on Thursday, ending the day near $39.9K, although it managed to bounce back above $40.1K by Friday morning, cutting the intraday decline to 2.8%. Ethereum has lost 2.5% in the last 24 hours, and other leading altcoins from the top ten are predominantly declining, from -1% (BNB) to -7.3% (Terra). The exception was XRP, which added 5.4% during this time. BTC can develop a reversalAccording to CoinMarketCap, the total capitalization of the crypto market decreased by 2.8% per day, to $1.87 trillion. The Bitcoin dominance index fell by 0.3% to 40.7%. By Friday, the cryptocurrency fear and greed index returned to the extreme fear territory, losing 6 points to 22. US stocks failed to build on the offensive, losing all of the previous day's gains, leading to a stronger selloff for bitcoin compared to alternative cryptocurrencies. From the technical side, Bitcoin is trading near the support level, which runs through the lows of January, February and March. A formal signal to break the support will be considered a failure under the previous lows in the $38K area. The ability to develop a reversal to the offensive from these levels, on the contrary, will reinforce the importance of this moderate uptrend line. Crypto newsThe head of Ripple noted that the court with the SEC is going “much better than expected,” which provoked a wave of XRP growth, allowing the coin to resist gravity. BlackRock CEO Larry Fink said that the largest asset management company continues to study the cryptocurrency sector. Amazon CEO Andy Jassy said that the company has no plans to introduce payments in cryptocurrency in the near future, although it is exploring the possibilities of digital assets. At the same time, he looks to the future of cryptocurrencies and NFTs with interest and optimism. The Bank of Canada is exploring scenarios for the coexistence of digital and fiat currencies, the first regulator to decide to use quantum computing for this study. Bank of Japan chief executive Shinichi Uchida said the upcoming digital yen will not be used to achieve a negative interest rate. The second stage of the launch of the digital yen started on March 24th this year.
Arenum (ARNM) Explained - What Is It? You Have To Check This Novelty On Cryptomarket! #Altcoins

Check This Novelty On Cryptomarket! Arenum (ARNM) Explained - What Is It? #Altcoins

Kucoin Blog Kucoin Blog 15.04.2022 15:08
Table of Contents What is Arenum? How does Arenum work? What makes Arenum unique? Who created Arenum? Closing thoughts Number of smartphone users has increased to 6.648 billion at the moment... The mobile device industry has made significant progress since Apple launched its App Store with only 500 apps in 2008. Since then, the market has grown swiftly, with leading tech companies like Google, Microsoft, and Amazon joining Apple in creating mobile apps. Combined, the platforms of these four companies host almost 7 million apps. As the world continues transitioning into a digital era, the number of smartphone users has increased to 6.648 billion at the moment, up from 5.924 billion in 2020. This sharp uptick was due to increased online interactions due to the COVID-19 pandemic, which minimized in-person interactions. Mobile games, especially, became popular, with downloads exceeding 80 billion in 2020... Following the pandemic, the gaming industry expanded rapidly as more people started spending time gaming to stay busy and maintain their sanity amid the restrictions. Mobile games, especially, became popular, with downloads exceeding 80 billion in 2020. While the pandemic is not as widespread as it was over the past two years, mobile gamers are expected to spend $238 billion by 2025 as more countries gain access to better cellular communications, internet, and smartphone technology. However, current game publishers do not incentivize players to play. Additionally, most web2 games only support in-app purchases, which see gamers spend their money on one-off purchases to improve their competitiveness in games. This model contributes 95% of the total revenue generated by mobile games. However, it is outdated and exploitative. To supercharge the mobile gaming industry, Arenum aims to become a web3-powered matching engine for eSports. Specifically, the platform seeks to create a robust ecosystem that comprises a unique and exciting metaverse, non-fungible tokens (NFTs), crypto, and a play-to-earn model. Watch the deep dive video into Arenum (ARNM) and Subscribe to the KuCoin YouTube Channel: https://www.youtube.com/watch?v=wJEFwXwEo2g How Does Arenum Work? The Arenum platform functions like a tokenized ecosystem where participants interact with one another on-chain through a permissionless and censorship-resistant environment. Arenum is anchored on four features. These are a player-versus-player (PvP) multiplayer Engine (SDK) for games, an NFT metagame, a platform for game developers and influencers, and a marketplace.   The PvP Multiplayer engine comprises a collection of smart contracts and infrastructure that any game developer can integrate into their games. Through the Arenum PvP Multiplayer SDK, games get access to leaderboards, tournaments, leagues, referral and reward systems, and a deep metagame. On the other hand, the NFT metagame allows players to earn resources through tournaments. Such resources. For instance, gamers can get NFT collectibles of animals, which they can breed and come up with stronger creatures. They can then use these creatures to play in PvP auto battles. The developer and influencer platform comprises a set of tools from the multiplayer SDK engine. These tools allow developers to publish their games as a standalone product and deploy tournaments with one click to monetize influencer communities instantly. Developers need to stake the Arenum token (ARNM) to unlock these benefits. Like other marketplaces, the Arenum marketplace will let players sell and purchase rare NFT animals, which they can use to improve the breeds of their previous virtual animals to level up. All games have access to the Arenum Multiplayer PvP SDK and can easily integrate it to gain access to the tournament engine. At this point, influencers and sponsors can add tournaments for the games they want to support into the engine. Players then select the games and tournaments they want to participate in and stake ARNM to unlock higher tiers of the tournaments. Players that win the tournaments get rewards in NFTs, which they can collect or trade on the marketplace. Other players can buy NFTs listed on the marketplace and use them to auto-battle for NFTs and other rewards. What Makes Arenum Unique? The current game publishers list games and leave players to discover the games. To this end, developers need to market their games to success. However, marketing is expensive, and most projects fail to reach their targeted audience. For instance, in 2021, only 810 out of 475,000 recorded revenues exceeding $1 million. Unlike the current game publishers, Arenum supplements the gameplay of games with various levels of interaction for players. In so doing, the platform helps position each game that integrates its Multiplayer PvP SDK for success. By offering all games a chance to deploy multiplayer capabilities, Arenum levels the playing ground for all developers. Additionally, game developers can pick their sponsors from an automated attention marketplace, making marketing cheaper. As for gamers, Arenum guarantees continuous entertainment, seeing as it provides a catalog of games published and advertised across its network To this end, the Arenum platform helps developers focus on making their games and systems exciting instead of worrying about how to retain players. As for gamers, Arenum guarantees continuous entertainment, seeing as it provides a catalog of games published and advertised across its network. Moreover, the metagame and social network on Arenum will ensure players continue playing even after they finish the original game. Who Created Arenum? Eduard Gurinovich, Alexander Pasechnik, and Alexander Zelenshikov co-founded Arenum in 2018. Gurinovich is also the founder of CarPrice and CarMoney. He raised over $90 million worth of venture capital for these firms. On the other hand, Pasechnik bootstrapped multiple IT products from zero to $1 million in revenue. Zelenshikov helped develop several high-performance proprietary rendering engines. He has 17 years of experience in game development at key positions at companies like Digital Element and Novy Disc. The Arenum team currently comprises more than 30 members, and Vyacheslav Tarasov serves as the Chief Technology Officer (CTO). He previously worked for Prisma Prisma App as the Senior Mobile Developer and Senior Project Manager and helped the app hit 10 million daily installs. Closing Thoughts By positioning itself as a global web3 matching engine for eSports, Arenum is set to revolutionize the mobile gaming industry. The platform’s Multiplayer PvP SDK engine helps developers focus on creating captivating games, while the play-to-earn model helps retain players. Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange_New Download KuCoin App >>> https://www.kucoin.com/download Subscribe YouTube Channel >>> https://www.youtube.com/KuCoinExchange
(BTC) Bitcoin - "Entertainment For Losers"? Crypto Prices: (BTC/USD) Bitcoin Has Soared And Hit Ca. $41K! Terra (LUNA) Gone Up By 18%, Dogecoin (DOGE) Increased By 3.5%, Ethereum (ETH) Jumped

(BTC) Bitcoin - "Entertainment For Losers"? Crypto Prices: (BTC/USD) Bitcoin Has Soared And Hit Ca. $41K! Terra (LUNA) Gone Up By 18%, Dogecoin (DOGE) Increased By 3.5%, Ethereum (ETH) Jumped

Alex Kuptsikevich Alex Kuptsikevich 19.04.2022 08:42
Bitcoin returned to growth territory with a powerful surge at Monday's close, above the all-important $40K key level. A desperate attempt to hold on to the uptrend line from January resulted in a temporary success. Bitcoin's dominance index added 0.3 p.p. to 41.0% Over the past 24 hours, we have seen a 5% jump to $40.8K. Ethereum adds 4.5% in 24 hours, trading above $3040. Other leading altcoins from the top ten are adding between 3.5% (Dogecoin) and 18% (Terra). Total crypto market capitalisation, according to CoinMarketCap, rose 4.6% overnight to $1.89 trillion. Bitcoin's dominance index added 0.3 p.p. to 41.0%.The cryptocurrency Fear and Greed Index declined Tuesday, adding 3 points to 27 and moving into "fear" territory.   Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun   Yesterday, the formal trigger for bitcoin buying was reverting US stock indices in the New York trading session to the upside. However, what is striking is that cryptocurrencies were many times more optimistic about this change in trend, suggesting demand has been waiting to surge into the market. Also noteworthy is the increased amplitude of growth in the hottest cryptocurrencies (Solana, Terra, Avalanche), gaining more than bitcoin. The buying wave has not yet spread to the entire market, evidenced by bitcoin's rising share.   For you: Forex Rates: British Pound (GBP) Strengthening? Weak (EUR) Euro? GBP, NZD And AUD Supported By Monetary Policy?   Cryptocurrencies are a system of communicating vessels on several levels. Bitcoin fills the demand first, followed by the first round of popular coins, followed by a wave of buying of smaller projects. The further away from the centre, the lower the liquidity, but the higher the sensitivity to sentiment. NTFs in this scheme are illiquid, where demand has not yet reached. "Entertainment for losers" The NFT market is about to burst because of rising interest rates, believes Nassim Taleb, American economist and author of Black Swan. Previously, he has been critical of bitcoin, calling it "entertainment for losers".According to Blockchain.com, fees on the bitcoin network have fallen to their lowest since June 2020. The average transaction processing fee now costs a user just over $1.The number of Lightning Network users has grown 800 times in a year, to 80 million, Arcane Research estimated. Lightning is designed to solve the problem of reducing high transaction fees. 
KuCoin: Staking Crypto - Cardano (ADA)/Terra (LUNA)/Polkadot (DOT)/Polygon (MATIC)/Cosmos (ATOM)/Tron (TRX) Flexible Promotion, Enjoy an APR up to 6.3%!

KuCoin: Staking Crypto - Cardano (ADA)/Terra (LUNA)/Polkadot (DOT)/Polygon (MATIC)/Cosmos (ATOM)/Tron (TRX) Flexible Promotion, Enjoy an APR up to 6.3%!

Kucoin Blog Kucoin Blog 19.04.2022 11:08
Dear KuCoin Users, KuCoin Earn will be launching the ADA/LUNA/DOT/MATIC/ATOM/TRX Flexible Promotion at 07:00:00 on April 19, 2022 (UTC). Stake to enjoy an APR of 6.3% (excluding POL mining). The details can be found in the table: Staking Product Promotion Start Time(UTC) Expected APR (*Excluding POL rewards) ADA 2022/04/1907:00:00 2.7% LUNA 2022/04/1907:00:00 2.7% DOT 2022/04/1907:00:00 6.3% MATIC 2022/04/1907:00:00 3.6% ATOM 2022/04/1907:00:00 6.3% TRX 2022/04/1907:00:00 2.7%   *During the staking period, in addition to the staking benefit from the project, users can also get a share of the POL mining rewards every day! How to Participate:  During the activity period, all KuCoin users can go to the KuCoin Earn website and choose their desired product to stake. Notes: Users need to be registered on KuCoin to join this promotion. During the redemption period, no staking rewards of the staked assets and POL mining rewards will be generated. The user hereby confirms that participating in the staking activity is voluntary, and the KuCoin Group has not forced, interfered with, or influenced the user's decision in any way. Risk Warning: Staking is a risk investment channel. Investors should be sensible in their participation and be aware of investment risks. The KuCoin Group is not liable for users’ investment gains or losses. The information we provide is for users to conduct their own research. It is not investment advice. The KuCoin Group reserves the right of final interpretation of the activity. Thank you for your support! The KuCoin Earn Team Find The Next Crypto Gem On KuCoin! Download KuCoin App >>> Follow us on Twitter >>> Join us on Telegram >>> Join the KuCoin Global Communities >>>
Binance Academy: Immutable X Token (IMX) - What Is It? IMX Explained. How To Buy IMX?

Binance Academy: Immutable X Token (IMX) - What Is It? IMX Explained. How To Buy IMX?

Binance Academy Binance Academy 19.04.2022 12:53
TL;DR Immutable X is a layer-2 scaling solution for NFTs on Ethereum. It offers instant trade confirmation and near-zero gas fees for minting and trading NFTs. Users can easily create and trade NFTs without compromising the security of their assets. Immutable X uses an engine called Zero-Knowledge Rollup to achieve scalability. It can facilitate up to 9,000 transactions per second. Immutable X’s shared global NFT order book can efficiently enhance NFT liquidity and increase their trading volume. NFTs can be bought and sold on any marketplaces built on Immutable X. IMX is an ERC-20 utility and governance token. It’s used to pay for transaction fees and incentivize users and developers on Immutable X. Token holders can earn rewards through staking and participating in the platform's governance. Learn more on Binance.com Introduction Trading and minting NFTs on Ethereum can be expensive, especially during times of high traffic. Users need to pay higher gas fees to have their transactions confirmed quickly. It’s also common for minting transactions to fail, causing significant losses. Article By Binance: (APE) ApeCoin - What Is It? BAYC, MAYC And BAKC Explained| FXMAG.COM What is Immutable X? Immutable X is a layer-2 scaling solution for non-fungible tokens (NFTs) on Ethereum. It aims to improve Ethereum’s scalability and user experience. Immutable X was founded in 2018 by James Ferguson, Robbie Ferguson, and Alex Connolly. It offers instant transaction confirmation and near-zero gas fees for minting and trading NFTs. Users can easily create and trade ERC-721 and ERC-20 tokens at lower costs without compromising the security of their assets. How does it work? At the core of Immutable X is a scaling technology called Zero-Knowledge Rollup (ZK-Rollup), which is a layer-2 protocol for validating transactions on the Ethereum blockchain. Instead of adding every transaction data to the blockchain, ZK-Rollup batches hundreds of transactions into a single zero-knowledge proof known as the zk-STARK proof. Zk-STARK stands for zero-knowledge succinct transparent arguments of knowledge. It’s a verification method used to prove possession of certain knowledge without revealing any information about it. It can provide Immutable X transactions with increased levels of privacy and security.  After batching the transactions, the proof is submitted to the blockchain and verified by a smart contract. The ZK-Rollup smart contract maintains all transaction details on layer 2, so that the proof can be quickly verified as they don’t contain the complete data of every transaction. The computing and storage resources required for validating a block will be lower too. This is how Immutable X can facilitate up to 9,000 transactions per second (TPS) with significantly reduced gas fees. For the end-users, Immutable X transactions have zero gas fees. Another unique feature of Immutable X is a set of powerful REST APIs that can simplify complex blockchain interactions NFTs users trade or mint on Immutable X are 100% carbon-neutral. For example, minting 8 million NFT trading cards for the play-to-earn game Gods Unchained would consume approximately 490 million kWh (490 MWh) on Ethereum. With ZK-Rollup compressing the data required for minting, Immutable X only used 1,030 kWh to mint the same amount of NFTs, which is 475,000 times less energy consumption. The minuscule energy consumption remaining is offset with carbon credits. Article By Binance: Altcoins: Harmony (ONE) - A Blockchain Project Explained| FXMAG.COM Another unique feature of Immutable X is a set of powerful REST APIs that can simplify complex blockchain interactions. Users can create and transfer NFTs easily via API calls without having to interact directly with smart contracts. Combined with Immutable X’s simple software development kits (SDKs), developers can integrate the APIs and Wallet to their platforms easily. This will allow them to build NFT projects, such as play-to-earn games, in just a few hours rather than weeks.  To facilitate a third-party NFT marketplace ecosystem, Immutable X provides a global order book that allows NFTs to be bought and sold on any marketplace that implements their scaling solutions. This means that orders created in one marketplace can be filled in another, effectively increasing the trading volume and liquidity of NFTs. Immutable X also supports all desktop Ethereum wallets. Users can seamlessly trade NFTs on different NFT-enabled crypto wallets without moving their assets across networks. What is IMX? IMX is the native token of Immutable X. It’s an ERC-20 utility and governance token with a 2 billion total supply. IMX is used to pay for transaction fees and incentivize users and developers on Immutable X. They can earn IMX tokens by contributing to the platform’s growth, such as trading NFTs and building applications.  As a utility token, IMX allows token holders to earn rewards through staking in reward pools. They can also participate in the governance of Immutable X by submitting and voting on community proposals. The more IMX coins they hold, the greater their voting power.  Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun How to buy IMX on Binance? You can buy Immutable X (IMX) on cryptocurrency exchanges like Binance.  1. Log in to your Binance account and click [Trade]. Select either the classic or advanced trading mode to start. 2. Search “IMX” to see the available trading pairs. We will use IMX/BUSD as an example. 3. Go to the [Spot] box and enter the amount of IMX you want to buy. In this example, we will use a Market order. Click [Buy IMX] to confirm, and the purchased IMX will be credited to your Spot Wallet.     Closing thoughts Immutable X leverages layer-2 scaling technology to bridge the gaps in trading NFTs on Ethereum. It creates a platform for NFT businesses to grow, including play-to-earn games and marketplaces.
Altcoins Skyrocketing! Solana (SOL) Up Ca. 5.6%, Polkadot (DOT) +4.9% and Shiba Inu Is Launching (SHIB/USD)

Altcoins Skyrocketing! Solana (SOL) Up Ca. 5.6%, Polkadot (DOT) +4.9% and Shiba Inu Is Launching (SHIB/USD)

Rebecca Duthie Rebecca Duthie 19.04.2022 14:16
Summary: Solana is seeing price increases reflecting the current bull market. SOLANA Up almost 5.6% As of today the price of Solana Crypto token is up by 5.6%. The market is in bull at the moment, meaning that investors are confident. The current market position along with increasing investor confidence in cryptos thanks to the UK announcing its plans to regulate stable coins, could be possible reasons for the rise in the value of the coin as of today. Solana (SOL) Price Chart Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun POLKADOT Up by almost 4.9% Since the announcement last monday by the U.K’s treasury finance arm to regulate stable coins, like SOL, the price of DOT has increased. The market and investors would welcome such an announcement to regulate the digital currency world. We should see the price of DOT continue in this direction in the coming days. Polkadot Price Chart Article on Crypto: Binance Academy: Immutable X Token (IMX) - What Is It? IMX Explained. How To Buy IMX?| FXMAG.COM SHIBA INU On the Rise As of this morning, the price of SHIBA INU increased by 3.8%. The SHIBA INU coin has recently been listed on the Robinhood trading platform, we saw last week that the value of this coin saw big increases in price as a result of Robinhoods announcement. If we compare how the values of other cryptos went after being listed on Robinhood, we can probably predict the direction of the SHIBA INU price. SHIBA INU Price Chart Sources: Finance.yahoo.com, cointelegraph.com
Play To Earn Games: Revolution On The Games Market – Let's Talk About P2E. What Is Play To Earn? RoboHero (ROBO)

Play To Earn Games: Revolution On The Games Market – Let's Talk About P2E. What Is Play To Earn? RoboHero (ROBO)

Finance Press Release Finance Press Release 19.04.2022 11:37
Gaming entertainment was always an industry with great development potential. Technological progress allowed us to create more and more complex titles that surprised us with the quality of graphics, mechanics, or ideas. The last twenty years have been a time of constant updates on gaming issues like reality level, the world presented to scale, or playability, but our minds get used to it. It’s much harder to impress us, so maybe there’s a time for a different approach? In this article, we will introduce to you, the Play-to-Earn games – a special kind of money-earning tool. Nowadays, the title has more purposes – to give you joy and also let you earn. What does it look like in practice? Let’s talk about it! How have we made money from gaming so far? The idea of exchanging your time in front of the screen for cash appeared a long time ago. It required a lot of creativity. There weren't any direct solutions from the games side, that would allow the money to appear on your account. The range of options was divided into those that could be used by anyone, and those that would require different conditions to be met. To the first mentioned we can classify farming and selling gold in MMO RPG, unique items, whole accounts, and renting servers. To the second group, we can put being a pro e-sport gamer or streamer of your gameplay who receives donations. The common denominator of both sections is showing your initiative as a player to make money. There hasn't been a tool before that comes to you and says, “hey, act in a specific way, and you'll pay out money”.  Article on Crypto: Hot Topic - NEAR Protocol! Terra (LUNA) has been seeing a consistent downward price trend, DAI Should Stay Close To $1 P2E has introduced itself to the market and gained many enthusiasts P2E games are working similarly to others in the crypto industry. The engine of the initiative is the idea and token which is issued to the market. With the proper marketing background, the community is gathered. They are observatories of the development process, and sometimes take a part in the decision-making by voting. A token has a certain value, which is also a reflection of the interest in the game from both the speculation and utility side of the token. An interested person can, for example, buy a number of tokens, spend some on in-game utility, and some on staking or farming. However, the earning potential doesn’t stop here. You can treat it as an investment instrument, but the main functionality is dedicated to inside-metaverse solutions. Your funds are your currency for which you buy characters, items, boxes, etc. Usually, it is also a reward in battle. Fighting with enemies is the most common way to earn income by actively doing certain activities in P2E.  How does it look in practice?  Let’s use the example of the RoboHero mobile game. The title has its ROBO token exchangeable to UST. Moreover, you can allocate it on staking or farming with high APY and after the game release, you can buy a robot, upgrades, land, or billboards. The last two mentioned require a word of explanation. You can earn passively, sharing your NFT lands as fighting arenas for PvP. Billboards work the same as in real life – you rent them for advertising, and you get paid. Passive income solutions in Play-to-Earn are wonderful. You can get tokens for being a landlord and at the same time win tokens in battles. Why become a tenant in real life when you can do so in the metaverse? RoboHero deserves praise for a certain solution, which is a very nice step for the community. P2E games often had high barriers to entry. Starting an adventure required a minimum of several hundred dollars out of your pocket. Examples of such games are CryptoKitties or Axie Infinity. Not everyone can spend so much money right away, especially when they don't know if they will like the game and will continue to use it until the investment pays off. Thankfully, there is another approach – a Watch-to-Earn app has been launched for RoboHero, so for watching ads you'll claim the funds for your first playable robot. Sounds good to us.  Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun Summarizing Ten years ago, we were farming gold in World of Warcraft, today we are farming tokens dedicated for fiat money exchange. The market is moving in our favor as gamers have more and more opportunities to monetize their activities. The profession of a full-time gamer has so far been associated with e-sports players. We may need to redefine the term to describe someone who plays P2E titles 8 hours a day. In the Philippines, people are playing Axie Infinity and making good money from it. They treat it as a full-time job like being an Uber driver. Who knows, maybe other parts of the world will one day switch from casual work to mobile gaming.
Weekly Crypto Market Analysis With Geco.one - 19.04.2022

Weekly Crypto Market Analysis With Geco.one - 19.04.2022

Geco One Geco One 19.04.2022 14:58
Bitcoin has fallen by over $ 9,500 in recent days by nearly 20%. Such a significant depreciation made the quotations of the oldest virtual currency drop below several significant support lines, the last two of which are the horizontal level of $ 42,200 and the upward trend line slightly below. Thanks to Monday's rebound of BTC, we are witnessing a re-test of the previously broken upward trend line, the lower boundary of the upward wedge formation, which we have already mentioned several times in the last weeks. The emergence of a more significant supply response here could signal a potential rejection of the track currently being tested, which would indicate a potential for further declines towards $ 37,000 or even below $ 35,000. Article on Crypto: Altcoins Showing Promising Growth - Take a Look at Solana (SOL), POLKADOT (DOT) and SHIBA INU (SHIB-USD)| FXMAG.COM The current situation on the Ethereum quotes is also very interesting. The exchange rate of this cryptocurrency has recently dropped by nearly $ 700, which was almost 20%. This depreciation pushed the ETH back to around $ 3,000, one of the most recent resistance levels. It is noteworthy that for several days this market has been moving in a horizontal trend between $ 2,980 and $ 3,150. The fact that systems of this type are usually corrective formations may be of significant importance here, which in practice means that the quotes more often break out of them in the direction consistent with the previous move. If this were also the case, the ETH price would drop below $ 2,980, which in turn would threaten its further depreciation towards the upward trend line below $ 2,800. The following levels of support are located in the vicinity of where a greater demand response could appear, which could initiate another upward movement The current situation on Solana's trading is also very similar. The exchange rate of this cryptocurrency has recently dropped by over 34%, thus returning below the level of $ 105.50. For several days the market has been consolidating slightly below the defeated support (now resistance). If only this zone is rejected, we would expect the sell-off to continue, which could return SOL to around $ 88 or down further to $ 79. The following levels of support are located in the vicinity of where a greater demand response could appear, which could initiate another upward movement. Article on Crypto: Binance Academy: Immutable X Token (IMX) - What Is It? IMX Explained. How To Buy IMX?| FXMAG.COM Looking at the Avalanche quotes, we notice that the price of this cryptocurrency has dropped by more than 30% at the same time. The sell-off stopped only near the upward trend line, where there was a demand reaction on Monday. However, there are many indications that even if this support were rejected, the AVAX rate would only increase around the previously defeated support (now resistance) of $ 83. Therefore, the potential for short-term increases seems to be very limited. It is noteworthy in this case that the price of this cryptocurrency was between the horizontal resistance and the upward trend line, which is key support. These two constraints form an ascending right triangle. From a purely technical point of view, it is technically neutral, which means that the market can break both up and down, and only the direction of the break will signal a future trend. Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun A breakout over the top could open the door to further gains as high as $ 100. On the other hand, a drop below the upward trend line would indicate a potential for further depreciation to the $ 54 region. *Subtitles for the YouTube video are available in all languages
ETHER Hitting $5000!? Altcoins: (ETH) Ethereum - Five bullish signals that suggest Ethereum price could hit $5,000

ETHER Hitting $5000!? Altcoins: (ETH) Ethereum - Five bullish signals that suggest Ethereum price could hit $5,000

FXStreet News FXStreet News 19.04.2022 16:36
Ethereum price is stuck trading between the 50-, 100- and 200-day SMAs, lacking volatility. A triple bottom setup around $2,652 could be the key to triggering an 85% upswing to retest the all-time high at $4,868. A three-day candlestick close below $2,439 will invalidate this outlook and potentially trigger a crash to $1,706 or lower. Ethereum price has been on a downswing since its all-time high in November 2021, but the development of recent events suggests that a change is coming. While there could be a temporary drop, a massive upswing is likely to begin afterward.   Article on Crypto: Binance Academy: Immutable X Token (IMX) - What Is It? IMX Explained. How To Buy IMX?| FXMAG.COM Ethereum price at a junction Ethereum price set a swing low at $2,652 on September 19 and rallied 83% in under two months to set an all-time high of $4,868. This impressive upswing was followed by a 55% downswing that pierced the $2,652 swing low. These two touches around the same level could be foreshadowing a triple bottom setup. For this technical formation to be complete, ETH needs to slide lower by 13% and tag the $2,652 support level again. This move will complete the pattern and reverse the trend favoring bulls. In such a case, Ethereum price is likely to make a run at the 50% retracement level at $3,287. However, investors need to exercise caution around the 200-day Simple Moving Average (SMA) at $3,492 and the $4,000 psychological level, as Ethereum price might face headwinds there Clearing the midpoint and flipping it into a support level will open the path for a move toward the range high at $4,868. In total, this run-up would constitute an 85% ascent and is likely to extend to the $5,000 psychological barrier.   Article on Crypto: Altcoins Showing Promising Growth - Take a Look at Solana (SOL), POLKADOT (DOT) and SHIBA INU (SHIB-USD)| FXMAG.COM However, investors need to exercise caution around the 200-day Simple Moving Average (SMA) at $3,492 and the $4,000 psychological level, as Ethereum price might face headwinds there. Such a move is likely to push the Relative Strength Index (RSI) lower to the 38.16 level. The last two times RSI tagged this level was in June and July 2021, when ETH was forming a base that would eventually lead to a 185% gain. Therefore, the retracement forecasted by the technical perspective also supports a retest of the 38.16 level for RSI, hinting at a bullish outlook. ETH/USDT 1-day chart Supporting this optimistic outlook for Ethereum price is the exchange net position change indicator that tracks the 30-day outflow of ETH. Currently, this index shows that nearly 94,000 ETH has moved out of centralized entities’ wallets, suggesting a reduction in the sell-side pressure. Interestingly, this is the sixth time such a massive outflow has occurred, which in turn reveals the importance of this metric. ETH exchange net position flow.   Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun Furthermore, the number of one-hour active addresses on the Ethereum blockchain has hit a new all-time high at 60,330. This uptick suggests that new users or investors are interacting with the ETH blockchain and is considered a bullish indication. ETH 1-hour active addresses Lastly, the long-term bullish outlook for Ethereum price is perfectly portrayed by the supply of ETH present on exchanges. This level has been in a downtrend since July 2020 and has slumped from 29.69 million to 14.96 million, representing an 11.73 million outflow of ETH in less than two years. This development suggests that more investors are disinclined to sell and are moving their holdings to cold wallets or to DeFi platforms to earn interest, which indicates that they are optimistic about the performance of Ethereum price. ETH supply on exchanges A three-day candlestick close below $2,439 will invalidate this outlook by producing a lower low. In such a case, ETH bears could seize control and trigger a 30% crash to $1,706, which will allow market makers to collect the sell-stop liquidity.
🔥 SOL Ideal Bullish Entry Point: High Risk-Reward Ratio!

Altcoins' Rally: Solana (SOL) Soars Even More, DOT and SHIBA INU Do The Same!

Rebecca Duthie Rebecca Duthie 19.04.2022 22:20
Summary: Solana (SOL) prices went up even further today. DOT and Shiba Inu prices have fallen but are still seeing an overall increase. Article on Crypto: Binance Academy: Immutable X Token (IMX) - What Is It? IMX Explained. How To Buy IMX?| FXMAG.COM (SOL) Solana Up by 0.5% from this morning Since this morning, Solana price has increased by a further 0.5%. The growth we are seeing in SOL may just be the price recovering from its fall in March regarding the Fed’s finance announcements along with the increased market trading volume. Although we may continue to see these increases in the coming days, it cannot be ruled out that SOL has a long way to go to regain its pre-2022 values. Solana (SOL) Price Chart Polkadot (DOT) price decreasing since this mornings 4.6% The price of POLKADOT (DOT) has fallen by more than 1% since this morning, however the price of this coin is still in the green. The price fall could be reflecting the current market sentiment and the investors’ bearish attitude towards the marker in general. Polkadot Price Chart Related article: Altcoins Skyrocketing! Solana (SOL) Up Ca. 5.6%, Polkadot (DOT) +4.9% and Shiba Inu Is Launching (SHIB/USD)   Shina Inu (SHIB) Seeing an overall increase. Since this morning, SHIBA INU token is still in the green, however the growth rate has decreased slightly. The SHIBA INU coin has recently been listed on the Robinhood trading platform, despite this fact, SHIBA is still not performing as investors had hoped, this may be due to the timing of the listing being around the similar time of the Feds announcements. The future of this coins value is uncertain at this point. SHIBA INU Price Chart Sources: Finance.yahoo.com
A Technical Look At The Bitcoin Situation, Bitcoin Jumped Sharply

Surprising Investement Of Epic Games! Bored Ape Yacht Club (BAYC) In Cinema!?

Crypto.com Accelerate the... Crypto.com Accelerate the... 19.04.2022 21:26
US inflation comes in hotter at 8.5%, with rate hikes likely to continue into 2023. Epic Games raise $2B to fund the Metaverse. Bored Ape Yacht Club is set to create a film trilogy. APR 18, 2022 Key Takeaways The Bureau of Labor Statistics reported headline inflation for the USA at 8.5%, above the Dow Jones estimate of 8.4%. To reduce inflation, the Federal Reserve has begun raising interest rates and will continue to do so into 2023.  The Bank for International Settlements (BIS) released a study on how central bank digital currencies (CBDCs) can play a role in financial inclusion. The range of topics included using CBDCs as a catalyst to innovate and also to serve as a complement to existing systems. The popular NFT collection is set to release a trilogy film. Also, Bored Ape Yacht Club (BAYC) creator Yuga Labs has teamed up with Superplastic to create vinyl art collectibles based on the collection. The general price, volume, and volatility indices were mixed at -5.77%, -8.27%, and +23.23% respectively. Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun   Highlights Bank of Japan official says Digital Yen won’t be used to achieve negative interest rate Bank of Canada using quantum computing to simulate crypto adoption scenarios Central Bank of Brazil confirms it will run a pilot test for its CBDC this year Institutional Asset Manager enlists Fireblocks to help with crypto security Fortnite creators Epic Games raise $2B from Sony and LEGO to fund Metaverse plans Pantera Capital set to close $1.3B Blockchain fund BlackRock to handle Circle’s USDC cash reserves as part of $400M funding round Ava Labs raises $350M at $5.25B valuation: Report A16z leads $4M seed round for Web 3 recurring payments startup AMC adds Dogecoin, Shiba Inu payments to mobile app Polygon pledges $20M to fund its carbon negative initiative Opera expands crypto browser to iOS for access to 9 Blockchain ecosystems Check the latest prices on Crypto.com/Price. Market Index Tokens     DeFi Index Tokens     Other Tokens     Source: crypto.com
Mid-Market Update: Global PMIs collapse, Relief Rally will be tested next week, Mixed Earnings, Oil finds support, Gold shines, Bitcoin steadies

Swapping Visa And Mastercard For Solana (SOL)!? Crypto Revolution? Bitcoin (BTC) Has Jumped Again, Ether (ETH) Heading To $5000! Ripple (XRP) Almost 1% Down

Alex Kuptsikevich Alex Kuptsikevich 20.04.2022 08:31
Bitcoin rose 1.4% on Tuesday, ending the day around $41,300 and remaining near that mark on Wednesday morning. Ethereum added 1.3% to $3080 in the last 24 hours, XRP corrected 0.9% to 0.766, and other top ten altcoins gained 0.7% (BNB) to 4.9% (Terra). Bitcoin on Tuesday tested 8-day highs above $41,700 on the back of rising US stock indices, which strengthened for a second straight day Total crypto market capitalisation, according to CoinMarketCap, rose 1.3% overnight to $1.92 trillion. Bitcoin's dominance index was little changed, remaining at 41.0%. By Wednesday, the Cryptocurrency Fear and Greed Index remained at 27 points (fear). Bitcoin on Tuesday tested 8-day highs above $41,700 on the back of rising US stock indices, which strengthened for a second straight day. Article on Crypto: Altcoins Showing Promising Growth - Take a Look at Solana (SOL), POLKADOT (DOT) and SHIBA INU (SHIB-USD)| FXMAG.COM Correlation between BTC and the Nasdaq Composite Index has been highest since July 2020 Terra (LUNA) gained 5.5 per cent as Terra USD (UST) moved up to third place in terms of capitalisation among stablecoins. Chamath Palihapitiya, CEO of Social Capital and Virgin Galactic, said Solana (SOL) could capture market share in traditional financial services by challenging Visa and Mastercard. SOL is up 4.6%. The creators of the largest anonymous cryptocurrency, Monero, have confirmed that a 15th network hardfork is set for July 16. "It is better not to spend BTC but invest in it long-term" Jack Mallers, CEO of payment service Strike, said that bitcoin as a payment method is superior to all other systems. Nevertheless, it is better not to spend BTC but invest in it long-term. The US Secret Service's Office of Investigations (USSS) has disclosed that since 2015 the service has seized more than $102 million in digital assets from criminals. Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun The Financial Action Task Force (FATF) believes that nearly half of the world's countries are not complying with anti-money laundering and counter-terrorist financing (AML) regulations. FATF has pledged to monitor member countries, including the US, China and the European Union.
Walt Disney Results Are Beyond  All Expectations. Large Chinese Company Fires More Than 9K Employees!!! Market Newsfeed - 11.08.2022

DOGE About To Increase By 35%!? Altcoins - Dogecoin price is alive and well-positioned for 35% gains

FXStreet News FXStreet News 20.04.2022 17:01
Dogecoin price sees the 55-day SMA underpins bullish action. DOGE price set to jump towards the 200-day SMA, playing the range. With that move, Dogecoin price would gain 35% of value to $0.1800. Dogecoin (DOGE) price jumps as tailwinds in Europe overpower headwinds from the U.S., with bulls storming out of the gate and booking a three-day winning streak. The rally started on Easter Monday with the 55-day Simple Moving Average (SMA) and monthly pivot acting as entry levels, returning 10% of value to investors. In a range play towards the 200-day SMA, coinciding with the monthly R2 resistance, a 35% trade is a possible outcome for this rally. Related article: Japanese Yen (JPY) Weakens Against The Dollar, USD/CAD Stable And The Inevitable Strengthening Of The USD, IMF/World Bank Events DOGE price set to add $0.4 of appreciation Dogecoin price is rallying into its third day today within a rally that started on Easter Monday, where intelligent bulls used the limited trading volume to ramp up price action quite quickly. With markets coming back in on Tuesday, plenty of investors jumped into the spotted trade and could still comfortably place their stops below the 55-day SMA and the monthly pivot. Additionally, the current dollar weakness is helping to open up some more room and enlarge any intraday gains. This evening TESLA (TSLA) will come out with earnings after the closing bell DOGE price at first will face $0.1594, near $0.1600, with the monthly R1 resistance as the historical level as a double issue. From a trade management perspective, this would translate into a 1-to-1 trade setup with a 10% stop loss against 10% possible gains to be booked for investors entering at current levels around $0.1450. Should the dollar further back off and positive sentiment in the market pickup further, expect to see that trade turn into a 1-to-2.5 trade setup with a 10% stop loss and a possible 25% gain entering at current levels, with the profit target set at $0.18, which coincides with the monthly R2 and the 200-day SMA as double and robust resistance to the upside. DOGE/USD daily chart Read next: Altcoins' Rally: Solana (SOL) Soars Even More, DOT and SHIBA INU Do The Same! | FXMAG.COM This evening TESLA(TSLA) will come out with earnings after the closing bell, one of the most significant components in the NASDAQ. Seeing the correlation between the NASDAQ and cryptocurrencies, another setback after the significant 25% drop from NETFLIX (NFLX) could trigger a panic trade in markets, with investors quickly unwinding their positions at any price. That would trigger a drop below the 55-day SMA towards $0.1242.
The Forex Market Is Under Strong Pressure From Geopolitical Events And Statistics

How To Hedge Against Inflation? Crypto? Is Bitcoin (BTC) The Answer?

Conotoxia Comments Conotoxia Comments 20.04.2022 21:46
Last year alone, the number of investors in the cryptocurrency market may have increased by nearly 70 percent. - This is according to the "2022 Global State of Crypto Report" published by Gemini Exchange. The report was created after surveying 29,293 adults in 20 countries. The age of the respondents ranged from 18-75, and the survey was limited to those earning more than $14,000 per year. The report helps understand the global adoption of cryptocurrencies among retail investors. It shows that 41 percent of those surveyed made their first investment in cryptocurrencies in the past year, and overall, the total number of investors has increased by about 70 percent in 2021 alone. Key excerpts from the report: More than half of cryptocurrency owners in Brazil (51 percent), Hong Kong (51 percent) and India (54 percent) started in 2021. Among high-income respondents in developed countries, cryptocurrency ownership is trending upward, with 40 percent or more in the United Kingdom, Germany and France reporting cryptocurrency ownership. Regulation is causing concern around the world. Among those who do not own cryptocurrencies, 39 percent in Asia Pacific, 37 percent in Latin America and 36 percent in Europe say there is regulatory uncertainty surrounding cryptocurrencies. Inflation drives adoption Another important finding is that inflation appears to be a key driver of investor adoption. One reason to pay attention to the Gemini survey is that it asked questions about inflation. The report highlights that countries that have recently experienced hyperinflation tend to agree with the statement "cryptocurrencies are the future of money." Respondents from countries that experienced a 50 percent or higher devaluation of their currency against the U.S. dollar over the past 10 years were more than 5 times more likely to say they plan to purchase cryptocurrencies in the coming year than respondents from countries that experienced currency devaluations of less than 50 percent, including South Africa, Mexico, India and Brazil. In the latter country, where the local currency has been devalued by more than 200 percent against the U.S. dollar, 41 percent of respondents own cryptocurrencies. In the U.S., 40 percent of cryptocurrency holders see them as a hedge against inflation. If inflation continues to be an issue around the world, it seems likely that this trend could increase In general, the higher a country's inflation rate, the higher the adoption rate of cryptocurrencies can be. If inflation continues to be an issue around the world, it seems likely that this trend could increase. Daniel Kostecki, Director of the Polish branch of Conotoxia Ltd. (Forex service) Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The Main Cryptocurrency (Bitcoin) Has A Potential Breakout

Looking For The Best Crypto Exchange? Where To Buy Bitcoin? Gate.io Becomes The Second Largest Crypto Exchange By Trading Volume

Finance Press Release Finance Press Release 21.04.2022 08:58
Gate.io, one of the oldest cryptocurrency exchanges in the world, has become the second largest crypto exchange by trading volume according to data from CoinGecko, securing its spot as one of the leading exchanges worldwide GateChain, its native blockchain ecosystem and Gate Ventures, its venture capital investment division Founded in 2013, Gate.io has become one of the world’s leading cryptocurrency exchanges with a wide range of products including Startup, which allows users to invest in projects early on; NFT Magic Box, which allows the creation and trading of NFTs; GateChain, its native blockchain ecosystem and Gate Ventures, its venture capital investment division. Related article: Japanese Yen (JPY) Weakens Against The Dollar, USD/CAD Stable And The Inevitable Strengthening Of The USD, IMF/World Bank Events Platform surpassing 10 million users in early 2022 Gate.io’s wide range of products and services have led to a rise in the platform’s popularity, with the platform surpassing 10 million users in early 2022, pushing it to become the second largest crypto exchange in the world based on daily trading volume according to data from CoinGecko. The company offers over 1,400 tradable cryptocurrencies on its spot market “This is another remarkable milestone for us at Gate.io as we approach our 9th birthday. Our unwavering commitment to providing our users with a safe and secure platform with a comprehensive suite of products and services remains the key to our exponential growth over the last couple of years, and we have no plans on slowing down,” said Marie Tatibouet, Chief Marketing Officer at Gate.io Related article: Monetary Policy Drives EUR/USD, The Future of the EUR/GBP Awaits the Bank Of England's Speech - Good Morning Forex| FXMAG.COM The company offers over 1,400 tradable cryptocurrencies on its spot market, which has seen daily trading volume surpass $3 billion, securing its spot as the second largest exchange in the world. Gate.io has over 10 million users worldwide and prides itself on having the widest variety of tradable assets of any leading exchange. About Gate.io Established in 2013,  Gate.io is one of the oldest, leading cryptocurrency exchanges. Gate.io offers most of the leading digital assets and has over 10 million registered users across the world. It is consistently ranked as one of the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko, and has been verified by the Blockchain Transparency Institute (BTI). Additionally, Gate.io has been given a rating of 4.5 by Forbes Advisor, making it one of the Best Crypto Exchanges for 2021. Besides the main exchange, Gate.io also offers other services such as decentralized finance, research and analytics, venture capital investments, wallet services and more. Disclaimer: Gate.io may not provide its full scale of services in certain markets and jurisdictions, and may restrict or prohibit the use of all or a portion of the services in compliance with local regulations. For the latest list of all the restricted locations, please read the User Agreement, “Section II Eligibility” via https://www.gate.io/docs/agreement.pdf.
Mid-Market Update: Global PMIs collapse, Relief Rally will be tested next week, Mixed Earnings, Oil finds support, Gold shines, Bitcoin steadies

(DOT/USD) Polkadot Steals The Show! Bitcoin Price (BTC/USD) Struggles To Break Away From Support, (ETH/USD) Pauses?

Alex Kuptsikevich Alex Kuptsikevich 21.04.2022 08:25
Bitcoin added 0.3% on Wednesday, ending the day around $41,400, and is adding another 0.6% since Thursday morning to $41,630. Ethereum has gained 0.2% in the past 24 hours, while other top 10 altcoins have shown mixed dynamics, ranging from a 1.7% decline (XRP) to a 3.6% gain (Polkadot). The cryptocurrency Fear & Greed Index is now in its third day, staying at 27 points (fear) Total crypto market capitalisation, according to CoinMarketCap, rose 0.4% overnight to $1.92 trillion. Bitcoin's dominance index added 0.1 point to 41.1%. Related article: Japanese Yen (JPY) Weakens Against The Dollar, USD/CAD Stable And The Inevitable Strengthening Of The USD, IMF/World Bank Events The cryptocurrency Fear & Greed Index is now in its third day, staying at 27 points (fear), but we see a slight upward movement in the market. The strong correlation between the tech sector and bitcoin is holding the latter back In the crypto market, as in the high-tech Nasdaq, we can call it cautious demand from buyers of the deep, but this support is not turning into a rally. The strong correlation between the tech sector and bitcoin is holding the latter back That said, the very fact that bitcoin has managed to lock in an uptrend and attempts to push back from that support is setting up positives for the coming days. Related article: Monetary Policy Drives EUR/USD, The Future of the EUR/GBP Awaits the Bank Of England's Speech - Good Morning Forex| FXMAG.COM Bitcoin's uptrend of the last four months can be extended to the left, and then it appears to be close to the July 2021 low, which was then near 30k. If we are right, bitcoin, and subsequently the entire crypto market, are saved from falling into a crypto winter by long-term buyers who find the current levels quite attractive Glassnode does not rule out that bitcoin has already formed its "bottom". Although it cannot yet break out of its range formed since February. The process of redistributing coins from speculative investors to hodlers is likely already complete, which will reduce selling pressure going forward. According to BitInfoCharts, the world's third-largest bitcoin whale has acquired 2,822 BTC worth $117 million in the past seven days. In 2022, 3.6 million Americans will use the cryptocurrency to make purchases, a report by research firm Insider Intelligence predicts. The number of cryptocurrency users in the US is expected to rise to 33.7 million by the end of this year.
Terraform Labs - Liquidity Pool, SINGLE - dApp Available - DeFi Update (28/03-03/04/22)

Altcoin: IOTA, Litecoin (LTC) and Cardano (ADA) Threatened? Crypto Markets Lie in The Hands of Regulations and Government Policies?

Rebecca Duthie Rebecca Duthie 20.04.2022 22:39
Summary: The general downward price trend of the crypto market over the past week. The future of cryptocurrency success may lie in the hands of government policies and regulations. Litecoin (LTC) future values are expected to rise based on current trader sentiment. Since this morning the trading volume of Litecoin (LTC) decreased slightly, however we saw the price of the coin fall throughout the day today, this shows us that the price of LTC is not consistently supported or dependent on the trading volume. In general the cryptocurrency market experienced a decline in prices over the past few days and LTC has reflected the same outlook. However, this decline may not continue for much longer due to the changes in crypto regulations and government policies. LTC-USD Price Chart Related article: Japanese Yen (JPY) Weakens Against The Dollar, USD/CAD Stable And The Inevitable Strengthening Of The USD, IMF/World Bank Events IOTA price follows the same downward trend as other cryptos on the market. The price of IOTA fell during the day today. The downward price trend of this coin has followed the same trend as the general crypto market over the past few days. We can probably expect to see this price rise as the government policies and regulations around cryptos are finalized. IOTA USD Price Chart  Related article: Monetary Policy Drives EUR/USD, The Future of the EUR/GBP Awaits the Bank Of England's Speech - Good Morning Forex| FXMAG.COM Cardano (ADA) price is still coming down off it's all-time high. Over the past weeks ADA has been facing a continuous downward trend reflecting a bearish attitude toward the coin, however in light of the general downward price trend of the crypto market, this outlook is unsurprising. ADA Price Chart Sources: Finance.yahoo.com, namecoinnews.com
US Inflation Report And Its Impact On The Cryptocurrency Market

Altcoins: (BNB) Binance Coin Jumps On The EU Sanction Bandwagon

Rebecca Duthie Rebecca Duthie 21.04.2022 20:01
Summary: Binance places sanctions on certain Russian account holders. Terra’s LUNA coin topples Binance. Despite today's drop, BRISE is still on an overall increase. (BNB) Binance Price drops today. Read next: ECB Announcements to Possibly Tighten Monetary Policy Strengthens the Euro. EUR/USD, EUR/GBP, AUD/NZD and EUR/CHF All Increased | FXMAG.COM   The overall price of Binance has decreased throughout trading today. On Thursday Binance announced the removal of its services for Russian coin holders of certain accounts that hold any value of more than 10000 Euro, the move came in an effort to comply with EU sanctions on Russia. The affected accounts will only be allowed to withdraw their investments. Binance Coin Price Chart Terra’s LUNA coin price continues to rise. Terra’s LUNA coin has increased in price today, continuing on the upward trend the coin has been following for the past couple of days. This price surge came on monday as a result of the algorithmic coin taking over from Binance (USD) as the third largest stablecoin (based on circulation). Terra USD Price Chart Related article: Altcoins: IOTA, Litecoin (LTC) and Cardano (ADA) Threatened? Crypto Markets Lie in The Hands of Regulations and Government Policies? | FXMAG.COM Bitgert (BRISE) price on the rise the past week As of today, the price of Bitgert (BRISE) has decreased, however looking at the price of the coin over the past week it has been on the rise. The coin's value in the future will be dependent on market sentiment and current market conditions. Bitgert (BRISE) Price Chart Sources: finance.yahoo.com, coindesk.com
Apecoin (APE) Makes Five Attempts at Breaking out From Descending Resistance Line | BeInCrypto

Record-Braking (APE)!? How ApeCoin entry to the Metaverse can send APE price to new all-time highs

FXStreet News FXStreet News 21.04.2022 16:47
ApeCoin price is likely to retrace to stable support levels after a 60% ascent. This downswing will set a base around $13.59 before exploding to a new all-time high at $22.05. A three-hour candlestick close below $12.53 will invalidate the bullish thesis for APE. ApeCoin price is undergoing a retracement after the massive run-up triggered on April 18. This move is likely going to allow bulls to recuperate for the next leg that will shatter through the current ceiling and set a new all-time high. The extremely optimistic outlook makes sense considering the rumor mill that has been churning since April 20. The talk of the crypto twitter is that APE tokens will be a medium through which holders can purchase land in a metaverse that is being launched by YugaLabs, the owner of the popular Bored Ape Yacht club. Read next: (XAGUSD) Price of Silver Vs. U.S Yields, Lumber and Corn Futures Dependent on Demand and Supply | FXMAG.COM ApeCoin price readies for next move ApeCoin price set a swing low at $9.52 after crashing 45% from its all-time high. This downswing set the lower limit and was followed by a 62% run-up that set a local top at $15.53. Since this range was established, APE has been traversing inside it. On April 18, ApeCoin price kick-started a 62% upswing that pushed it through the previous all-time high at $17.46 and set a new one just above it at $17.53. Since this peak, investors have been booking profits, leading to a retracement. So far, ApeCoin price has dropped 16% and is likely to continue heading south until it encounters the $13.59 support level. If the buying pressure picks up, it will indicate that the bulls are interested in accumulating APE at a discount. Read next: Unexpectedly Gold Price (XAUUSD) Falls, Canada And Chicago - Weather Makes Wheat Futures Fluctuate. The Price Of Palladium - Industrial Activity Is Taking Strain | FXMAG.COM Therefore, a foothold formation here could be the key to catalyzing the next leg that pushes ApeCoin price beyond the current all-time high and make a run at the $20 psychological level. Using the trend-based Fibonacci extension, the next target at the 100% extension is $22.05. This move from $13.59 to a new all-time high at $22.05 would constitute a 61% gain and is likely where the top will form for APE. APE/USDT 3-hour chart On the other hand, if Bitcoin price continues to descend, there is a good chance ApeCoin price will follow suit. In such a case, APE is likely to slide lower and retest the 50% retracement level at $12.53. Read next: ECB Announcements to Possibly Tighten Monetary Policy Strengthens the Euro. EUR/USD, EUR/GBP, AUD/NZD and EUR/CHF All Increased | FXMAG.COM This development will provide sidelined buyers another chance at accumulating the altcoin. However, a three-hour candlestick close below $12.53 will invalidate the bullish thesis for ApeCoin price and suggest the possibility of a retest of the range low at $9.52.
Binance Academy: Meme Coins - What Are They? Dogelon Mars (ELON), Dogecoin (DOGE), Shiba Inu (SHIB), SafeMoon (SAFEMOON), Kishu Inu (KISHU) And AKITA

Binance Academy: Meme Coins - What Are They? Dogelon Mars (ELON), Dogecoin (DOGE), Shiba Inu (SHIB), SafeMoon (SAFEMOON), Kishu Inu (KISHU) And AKITA

Binance Academy Binance Academy 22.04.2022 10:22
Disclaimer: This article is for educational purposes only. Binance has no relationship to these projects, and there is no endorsement for these projects. The information provided through Binance does not constitute advice or recommendation of investment or trading. Binance does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial risks.   TL;DR In 2021, the meme coin market saw exponential growth, especially the dog-themed meme coins. As of November 2021, one of the most popular “breeds” is Dogecoin (DOGE) and its rival Shiba Inu (SHIB).  Meme coins are meme-inspired cryptocurrencies. They tend to be highly volatile compared to major cryptocurrencies like bitcoin (BTC) and ether (ETH). This is likely because meme coins are heavily community-driven tokens. Their prices are usually influenced by social media and online community sentiments. This often brings a lot of hype but also FOMO and financial risk. While it’s true that some traders became rich with meme coins, many lost money due to market volatility. Binance Academy: (APE) ApeCoin - What Is It? BAYC, MAYC And BAKC Explained| FXMAG.COM Introduction Some say 2021 was the year of “dogs” for crypto. The doggy duo Dogecoin (DOGE) and Shiba Inu (SHIB) led the meme coin pack and skyrocketed in price and market capitalization. As of November 2021, DOGE has gained over 8,000% since the beginning of the year and is ranking #9 by market capitalization on CoinMarketCap. Its competitor, SHIB, has pumped more than 60,000,000% since January. Learn more on Binance.com What are meme coins? Meme coins are cryptocurrencies inspired by memes or jokes on the Internet and social media. The first meme coin created was Dogecoin (DOGE). Launched in 2013 as a parody, DOGE was inspired by the popular Doge meme of a Japanese Shiba Inu dog. Meme coins tend to be highly volatile. They are mainly community-driven and can gain popularity overnight due to online community endorsements and FOMO. Still, their price can also slump unexpectedly when traders turn their attention to the next meme coin. Another characteristic of meme coins is that they often have a huge or unlimited supply. For example, Shiba Inu (SHIB) has a total supply of 1 quadrillion tokens, while DOGE has no maximum supply, and over 100 billion tokens are already in circulation. As meme tokens generally do not have a coin-burning mechanism, the huge supply explains their relatively low prices. With just $1 USD, you can buy millions of meme tokens. Why are meme coins so popular? While it’s hard to define specific reasons, some say that during the COVID-19 pandemic, the crypto market grew as retail investors wanted to hedge against inflation. Meme coins also boomed amidst the hype, growing both in market capitalization and variety. Read next: Binance Academy: Immutable X Token (IMX) - What Is It? IMX Explained. How To Buy IMX?| FXMAG.COM It all started after the “meme stock” saga of GameStop (GME) and AMC Entertainment (AMC) in late 2020, where the Reddit community pumped up the prices of these shares to as much as 100 times in a few months. In January 2021, a Reddit group joked about pumping up the price of DOGE to create a crypto equivalent of GME. The trend caught on, and along with the influence of Tesla CEO Elon Musk’s tweets, DOGE price rallied. Dogecoin reached a new all-time high of $0.73 USD, with an increase of over 2,000% in five days. In May 2021, Elon Musk joked about DOGE publicly on TV, and many say it was the cause of the following price drop However, in May 2021, Elon Musk joked about DOGE publicly on TV, and many say it was the cause of the following price drop. Several traders then turned to other meme coins on the market, such as the “Dogecoin killer” SHIB. At the same time, retail investors were FOMOing into meme coins hoping to become millionaires overnight, sparking yet another meme coin rally. Another reason why retail investors find meme coins attractive is that they typically only cost a few cents or even a fraction of a cent. Technically, the low price doesn’t mean much because these coins have huge supplies. Still, holding millions of a certain meme coin feels different than holding a fraction of ETH or BTC. Traders can get thousands or even millions of DOGE, SHIB, or Akita Inu (AKITA) tokens with just a few dollars. Binance Academy: Polkadot (DOT) Explained - A Pinch Of Origins And History| FXMAG.COM Apart from the potential profits, the meme coin frenzy is also driven by their respective community sentiments. As mentioned, meme coins are inspired by popular Internet memes, intended to be fun and sometimes considered an “insider joke” for a community. Buying meme coins, in a way, is showing support for their respective community. Following the GME stock market saga, meme coin traders inspired by the Reddit group SatoshiStreetBets started a “David vs. Goliath” battle to bet against the mainstream cryptocurrencies. The crypto market in 2021 was therefore flooded with community-driven meme coins. Potential risks of investing in meme coins Meme coins might have seen exponential growth in 2021, but like all cryptocurrencies, trading and investing in meme coins carries high financial risk. First of all, the tokenomics of meme coins can be concerning. Take Bitcoin as an example. It has its blockchain, a well-written whitepaper, an established ecosystem, and a deflationary nature. We are seeing more institutional adoption of bitcoin in recent years as well. Compared to BTC, most meme coins are inflationary with no maximum supply. Their ecosystem, use cases, and fundamentals are often defined by the collective jokes of the community. Only a few meme coins were built on the technology of major cryptocurrencies. For example, DOGE’s technology was derived from Litecoin (LTC), and SHIB was built on the Ethereum blockchain.  As the meme coin market continues to grow, you should be aware that there might be projects taking advantage of the hype to scam traders Another potential risk is that meme coins are heavily community-driven and are more speculative than the larger market capitalization cryptocurrencies. This volatility constantly leads to unexpected pump and dump. The lifecycle of meme coins is generally short-lived. Their prices can rocket thousands of times from celebrity shilling or FOMO, or crash unexpectedly when the community decides to move on to the next meme coin. As the meme coin market continues to grow, you should be aware that there might be projects taking advantage of the hype to scam traders. For example, Squid Game (SQUID), a meme coin inspired by the popular Netflix show of the same name, surged over 86,000% in a week. However, the development team rug-pulled suddenly and caused the price to plummet by 99%. What’s worse is that holders were not allowed to sell their SQUID tokens. Therefore, you should always be careful and DYOR before trading or investing in meme coins. An overview of the popular meme coins Leading the meme coin market with the highest market capitalization are Dogecoin (DOGE) and Shiba Inu (SHIB). After the success of DOGE and SHIB, a large number of dog-themed meme coins entered the market and gained traction within the second half of 2021. Dogecoin (DOGE) Dogecoin (DOGE) was created in 2013 by software engineers Billy Markus and Jackson Palmer. It was inspired by the meme of a Shiba Inu dog and was intended to be a joke cryptocurrency to attract mainstream attention. As a fork of Litecoin (LTC), DOGE adopts the same Proof of Work (POW) mechanism, and it has no maximum supply. For a more comprehensive overview of DOGE, check out What Is Dogecoin?. Shiba Inu (SHIB) Shiba Inus (SHIB) is the rival of DOGE and is often referred to as the “Dogecoin killer”. SHIB is also named after a Japanese dog breed. It was created by an anonymous developer named Ryoshi in August 2020. The main difference between DOGE and SHIB is that the latter has a limited supply of 1 quadrillion tokens, of which 50% were burnt and donated to charity. SHIB’s ecosystem also includes a decentralized exchange, an NFT art incubator, NFTs, and an NFT game. To learn more about SHIB and its ecosystem, check out What Is Shiba Inu (SHIB)?. Dogelon Mars (ELON) Dogelon Mars (ELON) closely follows the doggy duo in terms of popularity. As the name suggests, ELON is named after Tesla CEO Elon Musk and his passion for his company SpaceX. ELON is a fork of Dogecoin and has a circulating supply of 557 trillion tokens. As of November 2021, ELON has surged over 3,780% since its launch in April 2021. Akita Inu (AKITA) There are many other meme coins using Japanese dog breeds as their mascots, such as Akita Inu (AKITA), Kishu Inu (KISHU), and Floki Inu (FLOKI). AKITA was heavily inspired by DOGE. It was launched on Uniswap as an ERC-20 token in February 2021. Its tokenomics is very similar to SHIB. Like SHIB’s developer Ryoshi, the AKITA team locked 50% of its total supply on Uniswap, while the remaining 50% was sent to Ethereum co-founder Vitalik Buterin. However, AKITA only has a total supply of 100 trillion tokens, which is 1/10 of the total supply of SHIB. AKITA gained traction alongside its fellow doggy coins in May 2021 and is seen by some community members as another “Dogecoin killer”. Samoyedcoin (SAMO) Samoyedcoin (SAMO) is a dog meme coin project built on the Solana blockchain. At launch, 13% of SAMO supply was airdropped to members of the community. According to their website, SAMO roadmap includes burning events, airdrop tools, a decentralized exchange (DEX), and the creation of NFTs. Samoyedcoin recently gained popularity due to a sudden increase in price. SAMO grew over 4,300% within a month. In October 2021, the price went from $0.005 to over $0.22 in roughly 30 days. Read next: Solana (SOL) - Let's Have A Look At This Altcoin| FXMAG.COM Kishu Inu (KISHU) Kishu Inu (KISHU), another canine-themed meme coin, has grown exponentially since it launched in April 2021. KISHU includes participation rewards for active users, non-fungible tokens (NFTs), and a DEX called Kishu Swap. It has been growing in popularity and recorded over 100,000 holders and 2 billion dollars market capitalization within one month after its launch. SafeMoon (SAFEMOON) Another meme coin newcomer that capitalized on the rally was SafeMoon (SAFEMOON). It is a BEP-20 token launched on the Binance Smart Chain (BSC) in March 2021. SAFEMOON rewards long-term holders by penalizing those who sell the token with a 10% exit fee, of which half of the fees will be distributed to existing SAFEMOON holders, and the other half will be burnt. It attracted retail investors’ attention after it soared in April. As of November 2021, SAFEMOON has a 9418.54% ROI, according to CoinMarketCap. How to buy meme coins on Binance? You can buy the more popular meme coins, such as DOGE and SHIB, on cryptocurrency exchanges like Binance. For other less prominent meme coins, you can go to decentralized exchanges.  Let’s take DOGE as an example. 1. Log in to your Binance account. Then, head to [Trade] at the top bar to select the classic or advanced trading page. 2. On the right side of the screen, type “DOGE” on the search bar to see a list of the available trading pairs. We will use DOGE/BUSD as an example. Click “DOGE/BUSD” to open its trading page.   3. Scroll down to the [Spot] box and enter the amount of DOGE to purchase. You can select different order types to buy DOGE. We will use a Market order in this example. Click [Buy DOGE] to confirm the order, and you will see the DOGE you purchased in the Spot Wallet.   Closing thoughts With new meme coins entering the market every day and traders hoping to replicate the profits posted by DOGE and SHIB, it is important to DYOR before committing to any meme coins. Keep in mind that meme coins are highly volatile compared to other digital currencies. Trading or investing in cryptocurrencies involves high risk. Meme coins are largely community-driven and might crash unexpectedly, so you should never invest what you cannot afford to lose. Read next: Litecoin (LTC) Explained - The Way It Works, Terms Associated With LTC| FXMAG.COM
Polkadot (DOT) Has Lost 4.7%! Interactions Between Cryptomarket, Fed And Powell! Bitcoin (BTC) -2.3%, Ether (ETH) -2.4%, Terra (LunA) -0.4%

Polkadot (DOT) Has Lost 4.7%! Interactions Between Cryptomarket, Fed And Powell! Bitcoin (BTC) -2.3%, Ether (ETH) -2.4%, Terra (LunA) -0.4%

Alex Kuptsikevich Alex Kuptsikevich 22.04.2022 08:26
Powell's speech on Thursday night weighed on US markets and echoed on cryptocurrencies, leaving an emerging breakaway from a critical support line. Cryptos go down A decline in US stock indices added to the negative impact amid a speech by Fed Chairman Jerome Powell, who said he could aggressively tighten monetary policy at the May meeting. Read next: (XAGUSD) Price of Silver Vs. U.S Yields, Lumber and Corn Futures Dependent on Demand and Supply | FXMAG.COM Bitcoin has lost 2.3% to $40,700 in the past 24 hours. Ethereum is down 2.4%, while other leading altcoins in the top 10 are down 0.4% (Terra) to 4.7% (Polkadot). According to CoinMarketCap, total cryptocurrency market capitalisation fell 2.2% overnight to $1.88 trillion. Bitcoin's dominance index fell to 41.0% due to the first cryptocurrency's tight link to pressured stock markets. The cryptocurrency Fear and Greed Index fell 1 point to 26 on Friday, after three days at 27 points (fear). Read next: Unexpectedly Gold Price (XAUUSD) Falls, Canada And Chicago - Weather Makes Wheat Futures Fluctuate. The Price Of Palladium - Industrial Activity Is Taking Strain | FXMAG.COM Investors’ record profit Earlier on Thursday, Bitcoin tested the highs of the past 11 days, around $43,000. During the day, BTCUSD crossed the 50-day average, which is often an indicator of a medium-term trend, but failed to close above it. Due to pressure on the stock market, the first cryptocurrency fractured into a bullish scenario with a breakaway from the support line and a trend reversal. However, it is too early to completely write off the strength of the bulls, while the first bitcoin manages to hold above support. Read next: ECB Announcements to Possibly Tighten Monetary Policy Strengthens the Euro. EUR/USD, EUR/GBP, AUD/NZD and EUR/CHF All Increased | FXMAG.COM FxPro Analyst team emphasised that US crypto investors made a record profit of $46.9bn in 2021, followed by the UK with $8.1bn and Germany with $5.8bn. In Russia, investors earned $4.3bn. According to the Bank of Canada, most Canadians investing in bitcoin lack financial literacy. Meanwhile, more knowledgeable investors have little or no exposure to BTC.
Real Estate Tokenization!? IMF Released Global Financial Stability Report - Regulatory & Tax Update By crypto.com

Real Estate Tokenization!? IMF Released Global Financial Stability Report - Regulatory & Tax Update By crypto.com

Crypto.com Accelerate the... Crypto.com Accelerate the... 22.04.2022 13:47
IMF calls for a uniform crypto regulatory framework globally. Germany is the ‘most crypto-friendly country,’ says a recent report. Oman plans to allow issuance of real estate tokens. APR 21, 2022 Key Takeaways On Tuesday, The International Monetary Fund (IMF) released its quarterly Global Financial Stability Report, in which it encouraged global policymakers to implement a uniform regulatory framework for crypto.  Germany surpassed Singapore as the most crypto-friendly country in the world in a recent report from Coincub that ranks 46 countries. The report looks into countries’ crypto acceptance based on a number of factors, including ICO status, fraud prevalence, and general availability. Oman’s virtual asset regulatory framework is set to include real estate tokenization, which will allow the issuance of virtual assets such as real estate tokens for the first time. The country aims to open up real estate opportunities for local and foreign investors.  Highlights Europe’s largest electronics retailer to install bitcoin ATMs Australia’s first spot bitcoin ETF to launch next week Major crypto exchanges in India disable fiat deposits amid regulatory uncertainty El Salvador’s bid for bitcoin bonds sinking as IMF deal ‘practically dead’ BoJ official says digital yen won’t be used to achieve negative interest rate Texas, Alabama securities regulators block sales of ‘metaverse’ casino NFTs Tencent nearing launch of Digital Yuan wallet-WeChat integration New Virginia law allows state-chartered banks to custody crypto EU crypto firms protest ‘alarming’ anti-money laundering laws Portuguese regulator grants first crypto licence to a bank Regulatory arm of UAE Financial Centre releases DeFi discussion paper Alleged Hydra administrator Dmitry Pavlov reportedly arrested in Russia Bitcoin miners to face tougher penalties in Iran if they operate illegally G20’s Latest Crypto Policies * G20 countries here do not include all but only selected member states. * G20 countries here do not include all but only selected member states. G20’s Regulatory Heatmap Data as of April 2022; Source: WhiteSight G20’s Crypto Taxation   Country / Region Classification Type of Tax Tax Rate Argentina Unspecified N.A. N.A. Australia Asset Progressive Income Tax, andProgressive Capital Gains Tax (CGT) 0-45% Brazil Asset Progressive CGT 15-22.5% Canada Asset Progressive Income Tax / CGT 15-33% China (Mainland) Virtual Commodity Progressive Income Tax(for international trading) 3-45% China (Hong Kong) Digital Asset N.A. N.A. France Movable Asset Income Tax Occasional traders – Flat Tax of 30%Professional traders – BIC tax of 45%Crypto miners – BNC Tax of 45%(Effective from 2023) Germany Private Asset Income Tax 0-45% India Digital AssetFinancial Service CGTIncome TaxGoods & Services Tax (GST)Tax Deducted at Source (TDS) CGT: 30%Income tax: 30%GST: 18%TDS: 1% (from 1 July 2022) Indonesia Digital Asset CGTValue-added Tax (VAT) CGT: 0.1% (from 1 May 2022)VAT: 0.1% (from 1 May 2022) Italy Others Unspecified Unregulated Japan Property Miscellaneous Income Tax Under JPY 200K: 0%Residents: 5-55%Non-residents: Flat 20% Portugal Unspecified N.A. N.A. South Korea Property CGT 20% (Effective from 2023) Spain Assets Income Saving Tax Below EUR 50,000: 0%Otherwise: 19-26% Mexico Virtual Asset Income Tax UnregulatedResidents: 30% Netherlands Asset Wealth Tax Below EUR 50,000: 0%Otherwise: 31% Russia Unspecified N.A. N.A. Saudi Arabia Unspecified Unspecified Unregulated South Africa Asset Income Tax 18-45% Turkey Commodity Income Tax 15-40% U.K. Crypto Asset Corporation TaxIndividual Tax Corporations: 19%Individuals: 0-45% U.S. Property Short-Term / Long-Term Tax Short-Term: 10-37%Long-Term: 0-20%   * G20 countries here do not include all EU members, but selected ones only To view a full picture of G20’s cryptocurrency policies, please subscribe to Crypto.com Research’s Weekly Regulatory Update on Substack.Disclaimer: The information provided in this newsletter is for general informational purposes only. It is not intended to constitute legal or other professional advice in any way whatsoever. All information in the newsletter is provided in good faith. However, we have not verified the information independently and make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information in the newsletter. Views and opinions expressed do not necessarily reflect the view of Crypto.com or any of its officials. The information provided herein should not be relied on or treated as a substitute for professional advice. Source: crypto.com
NFTs Available To Be Sold On Apple App Store, PUBG's (PlayerUnknown's Battlegrounds) Creator Announces Artemis - Blockchain Metaverse Game

Important Axie Infinity News! New Season Launch Date Expectations! Metaverse's Minecraft? Move-To-Earn!?

Crypto.com Accelerate the... Crypto.com Accelerate the... 22.04.2022 15:44
Axie Infinity teases early land gameplay and is set to release Season 21 on 25 April. The Sandbox Game raises another US$400M and Snoop Dogg creates a music video entirely in the Sandbox Metaverse. Move-to-Earn game STEPN continues its momentum with Twitter follower count surging over 43% over 3 weeks to 295K. APR 22, 2022 Key Takeaways Axie Infinity’s Season 21 is expected to launch on 25 April. Origin Alpha is currently available for download on their site. Axie also teased early land gameplay in this post with harvesting, producing and crafting features. The next Origin patch will have 75 balancing changes which can be found here. Minecraft-styled metaverse game, SandBox, is set to raise US$400M of fresh funds. Rapper Snoop Dogg’s new song titled “House I Built” filmed entirely within the Sandbox Metaverse reaches 2.5M views. Move-to-Earn game STEPN released its Epic sneaker category. The game continues its momentum with Twitter follower count surging 43% over three weeks to 295K. The total market cap for GameFi tokens now stands at US$46.61B. Highlights Framework Ventures allocates half of US$400M fund to Web3 gaming Jon Goldman targets VR gaming and the Metaverse with a US$50M venture fund Korean Metaverse startup DoubleMe raises US$25M backed by Samsung Blockchain games are leading the DApp industry, says latest DappRadar report Game studio Blizzard is polling players about Crypto and NFTs Square Enix insists on integrating blockchain elements into its games Rainmaker Games launches first blockchain gaming discovery platform Game Updates AbsolutLand is open in Decentraland!  DeFi Kingdoms – New training quests in Serendale Illuvium Universe Land Sale Pegaxy Fusion update Pegaxy launches mobile app for select gamers Sorare expands with an 11th league CryptoBlades releases dynamic minting and transition details Top Gainers and Losers   Price Change (%) Infrastructure Games Guilds Top Gainers IMX (+5.85%)DAWN (+1.57%) GMT (+40.09%)ALICE (+3.89%)POLIS (+2.5%) UNIX (+1.1%) Top Losers MBOX (-9.08%)ENJ (-4.28%)GALA (-3.67%) ATLAS (-7.63%)MANA (-3.57%)AXS (-3.06%) AGV (-24.09%)GGG (-13.03%)YGG (-9.24%)       *Gaming Infrastructure tokens: ENJ, FLOW, WAXP, UOS, MBOX, DAWN, GALA, IMX*Gaming Utility tokens: AXS, MANA, SAND, ALICE, ILV, ATLAS, POLIS, GODS, GMT*Gaming Guild tokens: YGG, MC, UNIX, GGG, AGV Top Games Metrics     Top 15 Largest Tokens by Market Cap     Daily Gamers by Blockchain Source: crypto.com
BTC rises to Pivot level and trades sideways

(BTC) Bitcoin Priceslips To The Lows Of The Year. Crypto Regulations: Confusing Discussion In The US And The EU. Ether (ETH) And Monero (XMR) Highlighted

Alex Kuptsikevich Alex Kuptsikevich 25.04.2022 08:43
Bitcoin declined by 2.3% over the past week, ending it at around $39.5K. Ethereum lost 3.9%, while other leading altcoins in the top 10 fell from 2.2% (Solana) to 10.5% (XRP). The exception was Terra (+12.9%). On Monday, the pressure on cryptocurrencies continued, taking another 1.3% off bitcoin to 38.9k, sending it to test March lows. The bitcoin dominance index rose 0.2% to 41.2% over the same period. Total crypto market capitalisation, according to CoinMarketCap, changed little over the week, remaining at 1.8 trillion, as a wave of buying in the first half of the week turned into a strong sell-off in the second. The bitcoin dominance index rose 0.2% to 41.2% over the same period. Read next (by FXPro): What Moves Forex Rates? Strong US Dollar Affects British Pound (GBP), Japanese Yen (JPY) And CNH | FXMAG.COM Crypto Fear and Greed Index rose from 24 to 27 and returned to its starting point during the week. By Monday, the index had lost another point to 23, remaining in the extreme fear territory. Bitcoin has declined for the third consecutive week, along with stock indices. BTC tried to rise, renewing its highs in a week and a half, around $43,000. Thursday and Friday saw a sharp pullback along with the stock market, and bitcoin fell below the circular $40,000 level. Changpeng Zhao, the Binance's chief executive, said the adoption of cryptocurrencies would rise as geopolitical tensions escalate and the use of the dollar as a sanctions tool grows. He believes the US will lose out to the rest of the world if it continues to suppress bitcoin. Read next (by FXPro): Want To Exchange 100 GBP To USD? GBP/USD Below 1.3000! (GBP) British Pound Weakens! GBP To USD - 17-Months-Low! | FXMAG.COM A group of US congressmen have spoken out against mining cryptocurrencies using the environmentally damaging Proof-of-Work (PoW) consensus algorithm. They said that cryptocurrencies of particular concern are BTC, ETH, XMR and ZEC. The EU has discussed banning BTC trading because of its energy and environmental impact. Bitcoin's energy consumption continues to increase and is attracting the attention of environmental organisations and regulators.
A Reward For A Transaction!? What Is Kishu Inu Coin? ($KISHU) Let's Take A Look At This New Altcoin

A Reward For A Transaction!? What Is Kishu Inu Coin? ($KISHU) Let's Take A Look At This New Altcoin

Rebecca Duthie Rebecca Duthie 25.04.2022 09:18
Summary: What is meant by decentralization and smart contracts. What is the Kishu Inu coin and why is it becoming so popular? The future of Kishu Inu looks bright. Other advantages of the coin. When users make a Kishu transaction, they receive a 2% reward in a decentralized wallet, thus, the more KISHU is used, the more rewards are granted to its users. The Kishu Inu Coin, represented by the token symbol: $Kishu, is a decentralized meme-coin that is community-focused, active users of the coin receive instant rewards. When users make a Kishu transaction, they receive a 2% reward in a decentralized wallet, thus, the more KISHU is used, the more rewards are granted to its users. The main difference between Kishu Inu and its comparable coins is that it is community-owned, the developers do not reserve coins for the team, but instead rely on donations. In addition, the community makes all the decisions. Read next: Global Crypto Market Value Fell By Over 2% Today. (Polygon) MATIC/USD, CRO (Crypto.com) and TRON/USD (US Dollar) | FXMAG.COM A decentralized network is beneficial to all parties involved in the transaction, as it nullifies the need for trust and authority to take part in transactions With decentralization the transfer of control and decision making is taken from a centralized entity (organization, individual or group) and given to a distributed network. A decentralized network is beneficial to all parties involved in the transaction, as it nullifies the need for trust and authority to take part in transactions. The smart contracts in KISHU Inu means the community and users are almost completely protected from any bad actors The $KISHU coin’s smart contract has been audited and its LP (liquidity pool) tokens have been burnt. Smart contracts are digital contracts which are stored on a blockchain, when predetermined terms and conditions are met, the programs are executed. They are beneficial as they leave little to chance. In addition, they automate the execution of agreements so all parties can be sure of the outcome, they also eliminate the need for an intermediary. The smart contracts in KISHU Inu means the community and users are almost completely protected from any bad actors. Originally the creation of the Kishu Inu coin was inspired by Dogecoin (DOGE), it is a meme cryptocurrency, meaning the coin is associated with a joke. However, Kishu Inu hopes to break that stigma and turn their coin into a serious cryptocurrency by taking meme coins to another level. Read next: Altcoins: (BNB) Binance Coin Jumps On The EU Sanction Bandwagon The chart below shows the price of the $KISHU token over the past 2 months or so, it shows a bearish trend overall. In the past 24 hours the value of the coin has fallen by around 8,7%, the coinmarketcap ranking is #2943. The Future: KISHU, as of now the coin is almost similar to the Dogecoin and Shiba Inu tokens. The coin also has an impressive market cap of around 2 Billion, and over 100k coin holders right now. There are some strong indicators that can indicate a jump in price over the next few years, such as the introduction of a new dog stream coin. According to some sources the price of the coin is expected to jump hugely by the end of the year, and possibly continue to increase until 2026. It is probably a good coin to watch going forward. There are many other advantages to investing in this coin, the set up of the coin is very interesting. Some of these other advantages not mentioned above include: The coin can be transferred through an inter-wallet wallet transfer across international borders, this inter-wallet charges much lower transaction fees than traditional banking would. Profit without trading is ensured by the advantage of adding coin earnings to their online wallet through staking of KISHU. KISHU holders are able to provide loans to other users on the network, the lenders will receive interest after the debt is paid. The transaction time can be completed within minutes. Read next: Global Crypto Market Value Fell By Over 2% Today. (Polygon) MATIC/USD, CRO (Crypto.com) and TRON/USD (US Dollar) Sources: Kishu.com, amazon.com, coinmarketcap.com, uptobrain.com Chart: Tradingview.com
Crypto Games: Coolmining - What Is It? What Are COOHA And COOGA?

Crypto Games: Coolmining - What Is It? What Are COOHA And COOGA?

Kucoin Blog Kucoin Blog 25.04.2022 13:26
Table of Contents: What Is CoolMining? What is the COOHA and COOGA token and what is it used for? How Does CoolMining Work? Who Are the Founders of CoolMining? What Makes CoolMining Unique? Who Are the Partners of CoolMining? Closing Thoughts In 2008, Satoshi Nakamoto published the Bitcoin white paper, which would go a long way in developing the now-famous protocol that has established the cryptocurrency ecosystem. The vision of Satoshi Nakamoto was for Bitcoin to become a peer-to-peer Electronic Cash System. The Bitcoin white paper shows this vision of electronic cash and how it will allow online payments to be sent and received in a peer-to-peer framework without any form of trust or the involvement of middlemen. Read next (by KuCoin): What Is CEBG? CRYPTO ELITE‘S BATTLEGROUNDS (CEBG) is Now Available on KuCoin IGO Platform! Limited Sale of 8,000 Genesis NFTs What Is KuCoin IGO? | FXMAG.COM A little while later, Satoshi Nakamoto released an update to the Bitcoin white paper, including the Bitcoin mining concept. Mining requires hash power, and providing this hash power to publish blocks on the blockchain takes up computational resources, which can be referred to as a form of work. Hence, Bitcoin is a proof-of-work blockchain. However, as the bitcoin network expands so too does the hash rate output requirement increase. For this reason, CoolMining is filling the gap with a platform that allows small-time miners to contribute hash power in an on-chain mining simulation game to generate BTC rewards. This form of mining is a gamified form of mining on the Bitcoin network that boosts hash power output while making the entire process engaging and rewarding. Watch the COOHA Deep Dive Video and Subscribe to the KuCoin YouTube channel:  What Is CoolMining? CoolMining is an on-chain mining simulation game that will enable small-time miners to have an authentic mining experience. However, all the complex operations and the setting up of sophisticated machinery will be removed.   CoolMining has decided to turn mining into an enjoyable blockchain-based game where every participant can be a miner in the game and earn BTC rewards by contributing to the overall hash power. By turning Bitcoin mining into a gamified process, the players can participate in a comfortable environment and engage their imagination to create rare mining rigs. This is a next-level idea in making money and gaming. CoolMining is an Ethereum-based project. Read next (by KuCoin): DeFi For Everyone! Hawksight - What Is It? (HAWK) Explained. Crypto Projects In Eyes Of Kucoin| FXMAG.COM What is the COOHA and COOGA token and what is it used for? CoolHash (COOHA) The CoolMining ecosystem has two tokens. The first is CoolHash (COOHA), an ERC 20 token representing real-world hash power. Every COOHA token is equivalent to 0.01 TH/s hash rate. This token is also the native governance token of the CoolMining decentralized autonomous organization (DAO). There are 10 million COOHA tokens that will be in existence and will be distributed in phase one of the project. The 10 million COOHA tokens are equivalent to 100 PH/s real-world hash rate. As time continues, more COOHA tokens will be minted as real-world hash power participates in the CoolMining gamified Bitcoin mining process. CoolGas (COOGA) CoolMining is also a dual token-based ecosystem. The other token is CoolGas (COOGA), which is also an ERC 20 token that works as that utility token of the CoolMining gamify ecosystem. The COOGA token is unlimited in supply and is the mining reward token that the community is paid when they mine blocks. Miners use COOGA tokens as the mining rigs to operate, and afterward, they get BTC rewards and COOGA tokens as mining rewards. The COOGA and COOHA tokens have different contract addresses. Read next (by KuCoin): KuCoin: Staking Crypto - Cardano (ADA)/Terra (LUNA)/Polkadot (DOT)/Polygon (MATIC)/Cosmos (ATOM)/Tron (TRX) Flexible Promotion, Enjoy an APR up to 6.3%!| FXMAG.COM The mining host (CoolMining) will receive a portion of the COOGA token paid by the miners as custodial fees. This is how CoolMining makes part of its revenues. The COOHA token economics are simple and reasonably understandable. 50% will be released in a liquidity launch, while the Treasury will remain with 30%. Gamify bonus will be located 10%, while 5% of the tokens will be distributed through community events, and the other 5% will be linearly weighted after one year. This 5% belongs to the initial investors. How Does CoolMining Work? The miners exist as Cool miner NFTs and the players can either mint a Cool miner NFT or Cool part NFT. Alternatively, they can purchase already minted miners on the Cool mart. The CoolMining NFTs are Customizable NFTs that will be distributed in the form of mystery boxes via the CoolMining official website. Players in the CoolMining ecosystem can build their mining rigs by buying different Cool part NFTs that have different capabilities. The Cool part NFTs will be available in four types. Every type of Cool part NFT will assign different attributes to a Cool miner NFT. Some of the parts include the hash board, which determines the hash rate of a miner, the control board, which dictates the reward bonus of a miner; the Power Supply Unit that shows the COOGA consumption level of a miner; and a cooling system which determines the claim fee for the miner when they are redeeming rewards. The Cool miner NFT is an ERC721 token that is unique for every miner. For a player to mint a Cool miner NFT, they need at least one (1) hash board and at most four (4) non-duplicated components of the cool part NFTs. The Cool miner NFT is an ERC721 token that is unique for every miner. It is built by combining different Cool part NFTs. The performance of these miners is determined by the attributes and the level of rarity of the Cool part NFTs that make up the miner. Players will customize their miners by buying Cool part NFTs and minting or by purchasing already minted miners on the Cool mart. Who Are the Founders of CoolMining? The team behind the CoolMining project has chosen to remain mostly anonymous. However, the CoolMining community is vastly active on Twitter, where they have a following of over 11,000 members less than one month after launching the project. This shows the team is committed to delivering and walking with their community until they have achieved the full vision. The project's roadmap is quite extensive and involves a lot of technical advancements, including smart contracts and the launch of the mining game. CoolMining also plans to go multi-chain later in 2022 and launch on multiple chains to harness the KCCGameFi and others. Certik has audited the smart contract code for the CoolMining game to ensure that it is up to standard and is free from vulnerabilities. Who Are the Partners of CoolMining? The partners of the CoolMining project are well-known DeFi and GameFi leaders in the blockchain space. MojitoSwap is a KCC-based decentralized exchange (DEX) that recently announced a partnership with CoolMining. As of February 17, 2022, MojitoSwap launched CoolMining as the first project on its launch pad. The launch was successful, and CoolMining is now listed on the MojitoSwap DEX. On the KCC chain. By extension, the CoolMining project is partnered with the KCC blockchain and the KuCoin pool. Also, since CoolMining is a BTC mining project, they have partnered with Bitmain, one of the world's largest mining rig manufacturing companies. Read next (by KuCoin): VisionGame (VISION) Gets Listed on KuCoin! World Premiere!| FXMAG.COM These are just some of the partners that CoolMining has. At their rate of development, more partners will come in the future. What Makes CoolMining Unique? CoolMining is unique because of its out-of-the-box thinking regarding Bitcoin mining, fused with gameplay. This approach to mining will overturn the common perception that mining is a tedious and monotonous process. On top of this, the COOHA token can be staked to earn BTC rewards. The total BTC rewards are calculated based on real-world total hash rate, and players can claim their share of these BTC rewards at any time. The actual hash power provided by CoolMining Treasury is the cornerstone of the CoolMining project. This hash power unites real-world mining organizations, including mining rig manufacturers, public listed companies, and mining pools, to the CoolMining project. CoolMining provides players with a stable hash power supply, ensuring that the basic or the BTC rewards are secured for the players. The hash power will increase in the future as CoolMining gains more popularity. Closing Thoughts CoolMining is changing the face of mining. While they have chosen to focus on Bitcoin, there is no predicting in which direction they could expand. There are several other PoW chains that Coolhash could incorporate, especially since they plan to go multi-chain by the end of Q2 2022. Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange_New Subscribe YouTube Channel >>> https://www.youtube.com/KuCoinExchange Download KuCoin App >>> https://www.kucoin.com/download Source: KuCoin
Geco.one Crypto Update! Ether (ETH) Has Decreased By Ca. $750! Plunging (BTC/USD) Bitcoin Price! Bitcoin Has Fallen By More Than $4,000 In Recent Days, Solana (SOL) Is Below $100

Geco.one Crypto Update! Ether (ETH) Has Decreased By Ca. $750! Plunging (BTC/USD) Bitcoin Price! Bitcoin Has Fallen By More Than $4,000 In Recent Days, Solana (SOL) Is Below $100

Geco One Geco One 25.04.2022 13:44
Bitcoin has fallen by more than $ 4,000 in recent days, thus increasing the range from 29 March 2022 depreciation to over 9,000 US dollars. However, it is worth noting that the BTC rate from 11 April this year moved in the horizontal trend. Therefore, the critical factor here may be that it is a correction pattern from which the market statistically breaks more frequently in the direction consistent with the previous move. It is increasingly likely that Bitcoin may soon fall below the $ 39,000 currently tested support Considering the earlier drops, we observed in the first half of April this year. It is increasingly likely that Bitcoin may soon fall below the $ 39,000 currently tested support, which would drive it further to below $ 37,000 or further toward $ 35,000. Read next: Weekly Crypto Market Analysis With Geco.one - 19.04.2022 | FXMAG.COM At this point, we cannot forget about the robust correlation that occurs in the broad cryptocurrency market, of which Bitcoin is a kind of helmsman. An apparent decline in BTC may significantly contribute to the sell-off of the vast majority of altcoins. The exchange rate of ETH has recently dropped by nearly $ 750, which is almost 21 % The current situation on the Ethereum quotes is also very interesting. The exchange rate of this cryptocurrency has recently dropped by nearly $ 750, which is almost 21 %. The declines that have lasted for several days caused the ETH rate to break down from the price that has been held since 11 April this year. Consolidation is headed straight towards $ 2,800, where the upward trend is located. Read next: Crypto Update – BTCUSD, ETHUSD, BCHUSD – 04/04/22| FXMAG.COM However, if this support is also defeated, it will be necessary to prepare for further depreciation of Ethereum, even towards $ 2,500. It is only there that there is another significant support in the vicinity of which we could expect the emergence of greater demand response. Solana (SOL) - price of this cryptocurrency remains in a horizontal trend between technical support of $ 98 and resistance in the region of $ 109 Looking at Solana’s quotations, we notice that after declines of over 31 % that we could observe from 11 April this year the price of this cryptocurrency remains in a horizontal trend between technical support of $ 98 and resistance in the region of $ 109. Given that this is a form of correction after an earlier downward move, similar to BTC, there is also a statistically higher probability that the market will break the bottom. If this happens, the SOL rate could soon slide even towards the March lows, i.e. below $ 80. Suppose there is no major demand reaction anytime soon that could negate the morning drops, and the breakout will be confirmed by closing the daily candle below $ 1.33 The current situation on Polygon's trading is also very similar. It is noteworthy that the Matic exchange rate breaks down on Monday morning from the 11 April consolidation. Related article: A Reward For A Transaction!? What Is Kishu Inu Coin? ($KISHU) Let's Take A Look At This New Altcoin | FXMAG.COM Suppose there is no major demand reaction anytime soon that could negate the morning drops, and the breakout will be confirmed by closing the daily candle below $ 1.33. In that case, the rate of this cryptocurrency could fall towards further support around $ 1.22, respectively and a further $ 1.02. XRP has slipped below technical support of $ 0.70 and is currently at its lowest level since February We could also expect further declines in the XRP quotations. The exchange rate of this cryptocurrency has dropped by over 19% over the past few days, increasing the range of the ongoing from 28 March this year's depreciation to over 29% today. As a result of such a significant sell-off, XRP has slipped below technical support of $ 0.70 and is currently at its lowest level since February. If this trend continues, we could soon see the XRP rate drop close to $ 0.59 where another critical support is located. Start your Crypto trading adventure with https://app.geco.one
Ether (ETH), (BTC) Bitcoin, LUNA, NFT - They All Plunges! Crypto Market Crash Aka "Cryptogeddon" | Conotoxia

Crypto Crash!? Top 3 Price Prediction Bitcoin (BTC), Ethereum (ETH), Ripple (XRP): Cryptos Hang By A Thread As Bulls Disappear

FXStreet News FXStreet News 25.04.2022 16:44
Bitcoin price slowly descends below the 200 three-day SMA, indicating a lack of buying pressure. Ethereum price looks ready to breach the support confluence, extending from $2,800 to $3,000. Ripple price reenters the buy zone, extending from $0.626 to $0.689, suggesting that there is still hope. Bitcoin price has slid below a crucial support level slowly indicating that the sellers are overwhelming the buyers into a slow death. Although the last two times BTC tagged this barrier, it resulted in a bullish move, this time around, things are different and could head south. Ethereum, Ripple and altcoins could see a similar bearish fate. Bitcoin price at wits’ end Bitcoin price set up an ascending parallel channel on a three-day time frame after connecting the three swing highs and three swing lows since January 13. The last two times BTC dropped lower, it tagged the 200 three-day Simple Moving Average (SMA) and bounced off aggressively. Read next: A Reward For A Transaction!? What Is Kishu Inu Coin? ($KISHU) Let's Take A Look At This New Altcoin | FXMAG.COM However, this time, BTC is slowly breaching the said SMA and is heading close to the ascending parallel channel’s lower trend line. Until a breakout from the lower trend line, the setup is bullish and could see Bitcoin price bounce from it. The resulting upswing could see BTC retest the 50-day and 100-day SMA at $42,074, $41,076. Clearing these hurdles could see the big crypto push toward the yearly open at $46,198 and in some cases, the $50,000 psychological level. BTC/USDT 3-day chart A daily candlestick close below the $34,752 support level will invalidate the ascending parallel channel and the bullish thesis. Ethereum price at make-or-break moment Ethereum price action seems to be degrading with the recent downswing in Bitcoin price. The bears have pushed ETH lower into the support cluster, extending from $2,800 to $3,000. This footing is significant since it contains a demand zone and a bullish crossover of the 50-day and 100-day Simple Moving Averages (SMAs). Read next by FXStreet: Gold Price Forecast: XAUUSD recovers from intra-day dip under $1930, but still pressured as yields/USD rise| FXMAG.COM So far, ETH has pierced through both the SMAs and is edging closer to the lower limit of the said demand zone. However, a quick recovery followed by a bounce is likely to result in an upswing for ETH. The resulting move could cause ETH to retest the 200-day SMA at $3,495 and the low-volume node at $3,703. Any uptick beyond these levels will require massive bullish momentum spikes and is highly unlikely without the big crypto’s support. ETH/USD 1-day chart A daily candlestick close below the support cluster’s lower limit at $2,820 will create a lower low and invalidate the bullish thesis. This development could crash ETH to retest the next high-volume node present to the downside at $2,584. Ripple price approaches a launching pad Ripple price has taken another U-turn and reentered the buy zone, extending from $0.62 to $0.68. This move is likely to push XRP price to retest the 70.5% retracement level at $0.657 before triggering an uptrend. Read next: Skyrocketing Altcoin? Why (SHIB) Shiba Inu price is set for a 15% value increase | FXMAG.COM The resulting uptrend could push XRP up by 17% to retest the 2022 volume point of control at $0.772, where the trade volume for Ripple was at its highest. If the remittance token manages to flip this hurdle into a footing, there is a good chance the run-up will continue to and tag the $0.854 hurdle. Failing to do so could result in a local top formation. XRP/USD 1-day chart On the other hand, if the Ripple price breaks below the $0.601 support level and produces a lower low, the bullish thesis will face invalidation. In such a situation, XRP might crash to the $0.548 support level before stabilizing and reestablishing its directional bias.
Walt Disney Results Are Beyond  All Expectations. Large Chinese Company Fires More Than 9K Employees!!! Market Newsfeed - 11.08.2022

(DOGE) Rocket! Why Is DOGE Going Up? Elon Musk Supports Crypto! Musk’s Indirect Pump Of Dogecoin; (BTC) Bitcoin’s Turnaround After Stocks

Alex Kuptsikevich Alex Kuptsikevich 26.04.2022 08:36
Bitcoin has gained 4.1% in the past 24 hours, reaching $40.6K. Ethereum rose even more strongly, up 5.3% to $3000. Other altcoins from the top 10 rose from 2.5% (XRP) to 25% (Dogecoin). The total capitalisation of the crypto market, according to CoinMarketCap, increased 3.9% overnight to $1.87 trillion. The Bitcoin Dominance Index added another 0.1 percentage point, to 41.3%. Bitcoin updated to mid-March lows around $38,200 in the first half of Monday The cryptocurrency Fear and Greed Index rose 4 points to 27 by Tuesday and moved into "fear" status. Bitcoin updated to mid-March lows around $38,200 in the first half of Monday. BTC subsequently rebounded and strengthened gains in the US session along with the reversal of US stock indices. Read next: Gold Transformed! Gold Price (XAUUSD): From Haven To Anti-Dollar (USD) | FXMAG.COM Dogecoin soared 25% and returned to the top 10 cryptocurrencies on the back of news of Twitter's purchase of the social network by Elon Musk. DOGE is Musk's favourite coin for payments, and the Tesla founder has previously indicated that he intends to have it used as payment for purchases on Twitter. Billy Markus : new opportunities for holders of this cryptocurrency and strengthen DOGE's position in the ecosystem. The bitcoin buying strategy has proved highly successful, MicroStrategy CEO Michael Saylor said. As of April 14, MicroStrategy remains the largest publicly traded company in terms of bitcoin investments, with assets of 129,200 BTC purchased for $3.97 billion at an average price of $30,700, MicroStrategy noted in its 2021 annual financial report. Read next: A Rocketship! Greenback Has Become A TGV! US Dollar (USD) - How High DXY Can Jump? | FXMAG.COM Hedge fund SkyBridge Capital, founded by former US politician Anthony Scaramucci, plans to move most of its assets under management into cryptocurrency as it sees the prospect of "huge" growth in the sector. The Central African Republic has become the first country in Africa to recognise bitcoin as a legitimate means of payment. Sang Lee, co-founder of cryptocurrency financial services provider VegaX Holdings, said that institutions dealing with traditional finance and banks have already fallen far behind due to the rapid development of the crypto industry.
Oil seesaws, gold edges higher

Easy Money - Play To Earn Games!? Binance Academy: Yield Guild Games (YGG) - What Is It?

Binance Academy Binance Academy 26.04.2022 11:39
TL;DR Yield Guild Games (YGG) is a gaming guild focused on blockchain play-to-earn games. It’s a community that invests in NFT assets and connects blockchain gamers around the world. Their goal is to build a network of players and investors who help each other get started and grow in the NFT gaming space. Introduction Since the success of Axie Infinity, the space of play-to-earn (P2E) blockchain games has been growing rapidly. While the P2E trend has attracted millions of people around the world, gaming NFTs are not affordable for many players, especially in developing countries. Yield Guild Games is building a P2E community and offering a solution to these players, so they can get started with NFT gaming. Learn more on Binance.com What is Yield Guild Games (YGG)? Yield Guild Games (YGG) is a Decentralized Autonomous Organization (DAO) that invests in non-fungible tokens (NFTs) used in blockchain games. These games are part of a broader concept known as the metaverse. The term metaverse refers to the many elements of blockchain-based digital worlds, including digital land, digital assets, and more. Read next: Binance Academy: Meme Coins - What Are They? Dogelon Mars (ELON), Dogecoin (DOGE), Shiba Inu (SHIB), SafeMoon (SAFEMOON), Kishu Inu (KISHU) And AKITA| FXMAG.COM The idea of creating a global play-to-earn gaming community arose in 2018. Gabby Dizon, the YGG co-founder and CEO, noticed that blockchain gaming was trending in Southeast Asia. At that time, many gamers were looking to get started in the popular NFT game Axie Infinity, but they lacked the money to buy the in-game NFT characters called Axies. Understanding that blockchain gaming can be an empowering tool for those living in developing countries, Dizon started lending his Axies to other players who couldn’t afford to buy their own. This inspired him to co-found Yield Guild Games with Beryl Li in 2020 to help gamers thrive in the world of NFTs and blockchain gaming. How does Yield Guild Games work? Yield Guild Games combines Decentralized Finance (DeFi) and NFTs to create a metaverse economy on the Ethereum blockchain. The YGG DAO is an open-source protocol with rules enforced by smart contracts. It serves many different purposes, such as carrying out governance decisions voted by the community, issuing rewards, and facilitating NFT rentals. YGG is made up of multiple SubDAOs, which consist of groups of players from a specific NFT game or geographical location. Each SubDAO has its own set of rules to manage the activity and assets of the respective play-to-earn game. Read next: Binance Academy: Immutable X Token (IMX) - What Is It? IMX Explained. How To Buy IMX?| FXMAG.COM This model allows players of the same NFT game to work together to maximize their in-game profits. It also enables guild members to rent and use the community-owned NFT assets to earn in-game rewards. In return, those that lend their NFTs via the DAO can share a portion of the gamers’ earnings. On YGG, all NFTs and digital assets are stored within the YGG Treasury, which is controlled by the community. The treasure provides the NFTs to each SubDAO, and it includes P2E assets from multiple blockchain games. YGG Scholarships To maximize the value and utility of gaming NFTs, the YGG DAO uses an NFT rental program known as scholarships. The idea was initially introduced by the Axie Infinity community to benefit both NFT owners and play-to-earn gamers.  In Axie Infinity, Axie owners can lend their gaming assets to help new players get started in return for a percentage of their in-game rewards. The process is done through blockchain smart contracts in a way that scholars can only use the NFTs in-game. Only the manager (owner) can trade or transfer the NFTs. Similarly, YGG provides scholarships to new players under a revenue-sharing model, where they can get NFT assets to start playing and earn in-game rewards. The scholars don’t need to invest any money upfront, but they share a portion of their earnings with their managers. Apart from NFTs, new players will also receive training and guidance from community managers. YGG scholarships are not limited to NFTs in Axie Infinity. The YGG Treasury also owns virtual lands in The Sandbox and League of Kingdoms, virtual cars in F1 Delta Time, among other play-to-earn games.  SubDAOs As mentioned, the YGG DAO is primarily composed of SubDAOs. You can think of SubDAOs as localized communities within the main YGG DAO. These local communities consist of players from a specific P2E game or location. For example, there is a SubDAO dedicated to Axie Infinity players, a SubDAO for The Sandbox players, another SubDAO for Southeast Asian players, and so on. By grouping players into different SubDAOs, they can discuss gaming strategies and help each other maximize performance. Read next: (APE) ApeCoin - What Is It? BAYC, MAYC And BAKC Explained| FXMAG.COM Each SubDAO manages its respective game’s activities and assets under its own set of rules and conditions, but they still contribute earnings to the YGG DAO. In a SubDAO, there is a community lead, a wallet, and a SubDAO token. Token holders can share the yields generated from the gameplay based on their contributions. They also get to make suggestions and vote on governance decisions related to the SubDAO, such as whether to purchase more in-game NFTs, or how to manage their assets. What is the YGG token? Yield Guild Games (YGG) is an ERC-20 token that gives holders the right to participate in the governance of the YGG DAO. It has a total supply of 1 billion tokens, and 25 million YGG was sold via an Initial DEX Offering (IDO) on SushiSwap in 2021. To support the community, YGG has set aside 45% of the total supply to be distributed to users gradually over four years.  As the platform’s native token, YGG is used to pay for services on the network. It can also be staked to earn rewards in the YGG vaults or used to unlock exclusive content on the YGG Discord channel. In addition, YGG holders can submit proposals and vote on decisions regarding the guild’s technology, products, projects, token distribution, and overall governance structure. The winning suggestions that eventually get implemented on the DAO will be rewarded YGG tokens. YGG Vault The YGG DAO adopts a different approach to yield farming than most DeFi staking platforms. Typically, tokens are staked to earn fixed-rate interest. On YGG, each vault represents a token reward program for a specific activity that YGG operates. For example, one vault may provide yields based on the performance of a scholarship program, while another vault rewards stakers based on the Axie breeding program. YGG also plans to develop an all-in-one super index vault that represents all yield-generating activities in its ecosystem. This vault will reward stakers based on the guild’s revenue from subscriptions, merchandise, rentals, treasury growth, and SubDAO index performance. Token holders can stake for the activity they support, and rewards will be distributed proportionally to the amount of YGG they stake via smart contracts. Depending on how the vault is programmed, rewards might also include YGG tokens, Ether (ETH), or stablecoins.  How to buy YGG on Binance? You can buy Yield Guild Games (YGG) on cryptocurrency exchanges like Binance.  Log in to your Binance account and click [Trade]. Select either the classic or advanced trading mode to start. Click on [BTC/USDT] to open the search bar and type “YGG” to see the available trading pairs. We will use YGG/BUSD as an example. Go to the [Spot] box on the right and enter the amount of YGG to buy. In this example, we will use a Market order. Click [Buy YGG] to confirm your order, and the purchased YGG will be credited to your Spot Wallet.   Closing thoughts Through a unique revenue-sharing model, YGG is building a decentralized community in the real world. It offers participants an opportunity to thrive in these virtual worlds through an innovative gaming economy. As metaverse projects are on the rise, NFT guilds like Yield Guild Games could benefit from the influx of newcomers and crypto enthusiasts looking to explore play-to-earn NFT games for an alternative source of income.
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(ADA) Cardano Price Is Still Under Bearish Pressure As The Downturn Continues - Altcoins

FXStreet News FXStreet News 26.04.2022 16:51
Cardano price saw an attempt from bulls to reverse the price trend which failed. ADA price is again down for the day and is set to eke out more losses. Not until ADA price dips below $0.80 will bulls show up for a significant turnaround. Cardano (ADA) price is still under pressure from its rejection by the 55-day Simple Moving Average at $0.97 on April 20. Since then, ADA price has been trading lower as more bearish pressure mounts and dollar strength adds a double weight to the downtrend. Expect downside to continue towards $0.80 or $0.69 with either 13% or 22% losses. ADA price at risk of undergoing dollar gravity, dropping 22% Cardano price has been trying to shake off the tail risks that came along with the situation in Ukraine. The election of Macron for a second term securing political stability in the plagued European block should have helped, but instead, since Sunday night, the Greenback has been rallying against all major currencies, including cryptocurrencies, as investors run for cover due to fear of more lockdowns and supply chain disruptions stemming from the covid outbreak in China. With that spillover effect, most cryptocurrencies are on the back foot, except for the few under Elon Musk’s wing and are trading higher for the day. The dollar index will have hit a substantial level in EUR/USD and other currencies In the first correction phase, ADA price will drop to $0.80 and look at the support offered at the beginning of March. If that fails, expect to see a further continuation towards $0.69 with a level that goes back to February 15, 2021. With another 22% loss, ADA price is nearly set to print a new year low. If that transpires, bears will have lost some force in profit-taking and with not much fuel left to eke out further gains, the dollar index will have hit a substantial level in EUR/USD and other currencies. A correlation to keep in mind. ADA/USD daily chart One should almost forget that it is the earning season in the US. This evening, two big tech corporations are set to make a scene. Microsoft and Alphabet are the first of six big tech names that mainly represent most of the Nasdaq and are set to put out earnings. Should those surprise to the upside and show no sign of weakness against the current inflation backdrop, expect to see Nasdaq popping higher by multiple percentage points, which will spill over into cryptocurrencies and drag those higher, with ADA Price revisiting $1.00.
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What's Coming To Bitcoin (BTC) And Ether (ETH) Price? - crypto.com

Crypto.com Accelerate the... Crypto.com Accelerate the... 26.04.2022 16:19
ETH options put-call ratio rising. Commerzbank applies for crypto custody licence. Australia launches its first spot crypto ETF. APR 25, 2022     Chart of the Week: A Tale of Two Put-Call Ratios The open interest put-call ratios of BTC and ETH options are telling diverging stories:After forming yearly lows in early January, put-call ratios for both BTC and ETH trended up until February when their paths started to diverge, with BTC’s dropping and ETH’s continuing to rise. The ETH put-call ratio has stayed above BTC’s for the past one month, the longest period it has done so during the past year. ETH has outperformed BTC by 11.7% over the last three months (ETH +17.1% vs BTC +5.4%), on the back of the altcoin run up and anticipated ETH 2.0 upgrade catalyst. With further delays having been announced to the upgrade, the divergence in the put-call ratios trend could be indicating sentiment shift as investors look to increasingly hedge their ETH exposure. Fund Flow Tracker BTC and ETH balances held at exchanges continue their free fall as flows remain net negative (i.e. net outflow).The past week saw 18.8K and 504.4K of net outflows for BTC and ETH respectively. While this could be interpreted as a bullish indicator, potentially implying strong investor inclination to hold, regulatory risk for exchanges may also be having an impact. However, BTC balance held on OTC desks, after largely following the downtrend on the exchanges, saw a rebound after reaching a yearly low in mid-April.  Derivatives Pulse BTC options ATM implied volatilities remain muted and near yearly lows.Front-end implied volatility (one-month) currently stands at 55.5%, compared to 55.4% last week. Implied volatilities for ETH are also muted and near yearly lows. Front-end implied volatility (one-month) for ETH currently stands at 60.5% compared to 59.3% last week. BTC perpetual futures funding rates have flashed red (i.e. negative) during the past two weeks, although the overall regime remains in positive territory over the longer term. Negative funding rates printed at a higher frequency during the past two weeks for ETH perpetual futures than for BTC, although the overall longer-term remains in positive territory as well. Price Movements         News Highlights The Australian Prudential Regulation Authority (“APRA”), prudential regulator of the Australian financial services industry, outlined a policy roadmap for implementation of regulation for financial entities engaging in crypto-assets activities. It expects the framework to be effective in 2025. Australia is set to launch its first spot Bitcoin and Ethereum exchange traded funds. The products will be the first in Australia to invest directly in the underlying assets. The Sandbox seeks to raise US$400M, which would value the company at more than US$4B, according to Bloomberg citing people familiar with the matter. Commerzbank, one of the largest banking institutions in Germany, has applied for a cryptocurrency custody licence, the first time such a move has been made by a major bank in the country. Financial services provider Stripe will add support for payments in USDC stablecoin on the Polygon protocol for select Twitter creators. SkyBridge Capital reported to have raised US$7M for a new vehicle to invest in Bitcoin mining company Genesis Digital Assets. Catalyst Calendar             Disclaimer: The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement. The brands and the logos appearing on this report are registered trademarks of their respective owners. Tags CRYPTO CRYPTO RESEARCH CRYPTOCURRENCIES MARKET MARKET INSIGHTS MARKET PULSE
🔥 SHIBA Volatile Move Ahead: Triangle Analysis

Meme coins: (SHIB) What Is Shiba Inu Token? Shiba Inu Coin Price. What Makes This Altcoin So Special? Clever Methods Used To Give High Crypto Returns

Rebecca Duthie Rebecca Duthie 27.04.2022 11:48
Summary: What is the Shiba Inu token? A look into non-fungible tokens. The role burning crypto coins has in the price of Shiba Inu token. A meme coin is a form of cryptocurrency that originated from an online meme or viral image, Shiba Inu is named after the japanese dog breed who has the same name SHIBA INU is a type of meme token. A meme coin is a form of cryptocurrency that originated from an online meme or viral image, Shiba Inu is named after the japanese dog breed who has the same name. The price movements of meme coins are frequently linked to sentiment around breaking news and influencer activity on social media. Shiba Inu is a decentralised cryptocurrency, it runs on the Ethereum blockchain platform, giving the token the same functionality and safety of the Ethereum platform. The Shiba Inu token is not a coin, a crypto token is one that is built on top of an already existing blockchain, and this is exactly what Shiba Inu has done, they do not have their own blockchain. Shiba Inu is actually split into multiple tokens, all of which help the cryptocurrency world function. These tokens are; SHIB, LEASH, BONE, ShibaSwap and Shiboshis. SHIB was the founding token of Shiba Inu, it can be traded and is used as a medium of exchange. LEASH is the most limited token of Shiba Inu-related tokens, with a limit of only 107646 tokens. LEASH coin gives staking rewards to those validating transactions in cryptocurrency. BONE is a token with 250 million units available, this token is used as a way the Shina Inu users a platform to vote. ShibaSwap is Shiba Inu’s own decentralised platform for trading tokens. Shiboshis is a non-fungible token (NFT) which basically means that when an investor buys an NFT they get to say they have ownership rights of an original copy of a digital file. NFTs are important and valuable as they represent the authenticity of a non-fungible asset. Investors tend to enjoy following the Shiba Inu token due to its clever methods used to give high crypto returns. Investors tend to enjoy following the Shiba Inu token due to its clever methods used to give high crypto returns. Shiba Inu plans to give investors a high return in 2022 by burning tokens. Burning tokens refers to users being able to remove tokens from the market circulation thereby, reducing the number of tokens in circulation. Shiba Inu token saw a 46,000,000% increase in the last year thanks to a high investment, the burn rate of Shiba Inu played a role in this investment. The burn rate was at 41% at one point, this rate and the mass-adoption of the token are reasons for this incredible price increase. Since then, the burning of tokens has been labelled one of the best methods to boost the price of Shiba Inu token. This month Shiba Inu even partnered up with Rysoshi’s decentralised finance project; they did this to offer passive rewards to investors who choose to burn their tokens. This works as follows, the investors in Shiba Inu who burn their tokens will receive a ‘burntSHIB’ token, these tokens pay out RYOSHI token rewards at a variable rate. Investors can use the ShibaBurn website to burn their tokens. Current market sentiment for the Shiba Inu cryptocurrency is negative. Current market sentiment for the Shiba Inu cryptocurrency is negative. Data shows that Shiba Inu has not had a good year so far when it comes to performance, the token is underperforming leading tokens such as Dogecoin (DOGE). Stats also show that 55% of Shib token holders are not making money on their investment. Despite Shiba Inu’s recent Robinhood listing, the token is still not expected to start showing bullish signals. The choice of whether or not holding this token is investor specific, perhaps there are better options where returns are more certain. Other Advantages of the Shiba Inu Coin. Shiba Inu supports smart contracts, this allows their users to stake and lend smart contracts, creating the opportunity to earn passive income through recurring fees. Shiba Inu has Elon Musk's support, improving investor confidence through the confidence of the world's richest man. It is a utility driven ecosystem, not only built off of hype. Some of the utilities supported by Shib Inu are the NFTs and a Defi Platform in ShibaSwap. Sources: decrypt.com, finance.yahoo.com, bankrate.com, analyticsinsight.net, crowdwisdom.live
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Crypto News: (ARUSD) Arweave, rally watch as buyers clear $27

8 eightcap 8 eightcap 27.04.2022 03:53
Today our focus is on Arweave (ARUSD). Buyers, for now, have pulled back most of yesterday’s losses and continue to push at a possible engulfing bar pattern. Last month, price was supported by news 17M was raised to help make Arweaves data storage blockchain more usable. Up until today, thing’s haven’t been the best for Arweave, with the last four weeks of trade being lower. A shift has started this week, and we can see buyers trying to pull back from losses. Pattern focus, for now, remains on the daily. Today’s candle is close to forming an engulfing bar which sits just above a level of demand. A fair bit of pressure remains on today’s bar. We really want to see a firm close that really needs to beat yesterday’s open or high, and we would prefer to see a close above yesterday’s high, confirming the bar pattern. A close at that point should also lift the CCI above the 0, moving back into a bullish area and set up a break of the current downtrend. If those are achieved by the end of today’s NY session, we could be seeing a new up-leg developing. If price retraces today and closes below $27, that would cancel out the engulfing idea. If heavy selling resumes, a break of the demand area would suggest that the current downtrend has further to run. If we do see a new move higher get going, we have marked two levels of potential resistance, but we would think that key resistance could be the first real test if reached. Arweave D1 Chart The post Crypto News: Arweave, rally watch as buyers clear $27 appeared first on Eightcap.
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Crypto And Sport Revolution! NBA And NFT! Tempting (BAYC) Bored Ape Yacht Club News!

Crypto.com Accelerate the... Crypto.com Accelerate the... 27.04.2022 15:57
Bored Ape Yacht Club floor price spikes off news of its Metaverse ‘Otherside’. The NBA introduces ‘dynamic’ Ethereum NFTs called ‘The Association’. OpenSea acquires NFT marketplace aggregator Gem.xyz. APR 27, 2022     Key Takeaways BAYC creator Yuga Labs recently launched its metaverse project called ‘Otherside’, sending BAYC’s floor price to spike to 137 ETH after the announcement. Aside from the floor price, trading volume also jumped by 22% within 24 hours of launch. The NBA is introducing ‘dynamic’ Ethereum NFTs called ‘The Association’. This collection of 18,000 NBA NFTs will change and evolve over time based on each player’s performance. Leading NFT marketplace OpenSea recently acquired NFT marketplace aggregator Gem.xyz, making it easier to list, buy, and trade assets across both platforms. Through this acquisition, Gem will integrate some of its features to OpenSea yet will remain a separate product and brand on its own.  LooksRare recorded a -3% decrease in sales and a +77% jump in transactions. OpenSea recorded a +12% increase in sales and a -8% drop in transactions. Crypto.com NFT in the Spotlight ‘The ‘Bull Run Crew’ is a collection of 10,000 3D dancing bulls that have been let loose on the blockchain. Armed with their own music and some super funky dance moves, the party never stops with the BRC. Created by artist & music producer Enchanted Future, this is the first PFP collection featuring full-body, 3D animated characters set to original music – with different dances, songs, and over 300 unique traits. Leading the crew is an elite group of ultra-rare legendary bulls, including the king of them all: the Golden Bull. Each piece is priced from $200, and the collection will be available on the Crypto.com NFT website from Thu, 28 Apr 2022. Fran Rodríguez is a digital artist based in Barcelona. He’s been in the crypto art scene for a year now and his NFTs are sold out everywhere. His latest NFT drop, ‘Lucid Dreams’, features 2 special editions of NFT giveaways created by the artist. Showcasing dream testimonies, incredible landscapes, and visual diary of worlds, all 10,000 of these special NFT redeemables will be up for grabs from 29 Apr 2022. Highlights Moonbirds NFT sales skyrocket capturing $364 million in 5 days Boss Beauties raise $4.4M valuing the women empowerment-themed project at $30M NIKE launches the very first NFT assortment primarily based on the Ethereum blockchain Deadfellaz gains representation from the United Talent Agency NBA Top Shot whale launches NFT lending platform with $4.5M in funding IntotheBlock launches NFTs insights section and collections indicators Crypto exchange Injective rolls out BAYC Perpetuals amid heated NFT market NFT project Tori Zero announces a strategic partnership with Wirex Solana-based climate change project employs ‘NFTrees’ to save rainforests Peter Thiel-backed BitDAO votes to invest $6.5 million into Ethereum NFT collective PleasrDAO NFTs stolen after Bored Ape Yacht Club Instagram, Discord Hacked Aku Ethereum NFT launch ends with $34M locked in flawed smart contract Pudgy Penguins’ NFT sales surge 500% on mystery map Transaction Volume Benchmark     Top Collectibles   Project Name Weekly Sales (USD) Transaction Count Number of Buyers Moonbirds $150,227,369 1,511 1,105 Mutant Ape Yacht Club $91,222,005 891 649 MurakamiFlowers Seed $74,518,153 230 153 RTFKT MNLTH $40,756,390 1,450 917 Bored Ape Kennel Club $40,243,372 1,165 719       * Collectibles data from CryptoSlam.io The following chart shows selected top NFTs and their historical floor prices. Upcoming NFT Sales The following table shows top upcoming NFT sales and a sample of their art.   Project Name Sale Date Price Items Market Cap Sample Country Ape Squad 1 Jun 2022 0.3 (ETH) 10,000 3,000 (ETH) Puff World 2 May 2022 0.25 (ETH) 10,000 2,500 (ETH) Crazy Karts Society 26 Apr 2022 3.5 (SOL) 5,000 17,500 (SOL) Chilled Camel Club 29 Apr 2022 1.5 (SOL) 10,000 15,000 (SOL) AquaHeads 30 Apr 2022 2 (SOL) 3,333 6,666 (SOL)       Top Artists The following table shows selected top artists (by sales volume on each platform) and a sample of their art.   Platform Artist Sales Volume (USD) Sample Crypto.com NFT The TRIP: Origin $990,400 Solanart Degenerate Ape Academy $102,912 OpenSea Moonbirds $113,150,520       Tags CRYPTO CRYPTO RESEARCH CRYPTOCURRENCIES NFT
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Altcoins: Reef Coin (REEF) What Is It?

Binance Academy Binance Academy 28.04.2022 16:43
TL;DR Reef is a layer 1 blockchain built using Parity’s Substrate technology. Launched in 2019 by Denko Mancheski, it's undergone a significant transformation from a DeFi platform to a fully-functioning blockchain. The network uses Nominated Proof of Stake (NPoS) to process valid blocks of transactions. Nominators stake REEF behind validators with hopes of being selected into the active validator set. When a validator successfully processes a block, a reward is shared between them and 64 nominators. For network upgrades, a Technical Council nominated via a Proof of Commitment (PoC) consensus mechanism proposes changes. The blockchain's native cryptocurrency, REEF, is used to take part in governance and pay network transaction fees. You can purchase REEF on Binance with a debit/credit card or by trading for it with other cryptocurrencies.   Introduction Reef is a Substrate-based, layer 1 blockchain founded in 2019 by Denko Mancheski. In November 2021, the project rebranded from Reef Finance to reflect its development from a Decentralized Finance (DeFi) platform to a fully functioning blockchain.  Like other networks, Reef offers use cases for NFTs, DeFi, smart contract development, and GameFi. Reef also provides liquidity bridges to move ERC-20 tokens between Reef and Ethereum, and BEP-20 tokens between Reef and the BNB Chain.     The Reef blockchain Reef was developed using Parity’s Substrate software development kit. This aspect makes it interoperable with Polkadot parachains and part of a larger Web3 network of chains. Reef is Ethereum Virtual Machine (EVM) compatible, making it easy to port EVM Decentralized Applications (DApps) and build on, especially for users experienced with Solidity (Ethereum’s primary coding language). The blockchain uses a NPoS consensus mechanism for block production and Proof of Commitment (PoC) for electing members to a Technical Council. Reef burns all fees on the network (including for smart contracts), and Validators are paid from a fixed rewards pool. This removes any economic incentive to create inefficient contracts with high fees, which can cause congestion on a network.   How Reef governance works Compared to Bitcoin (BTC) and Ethereum (ETH), Reef has implemented a governance model that provides direct methods for upgradeability. Bitcoin and Ethereum rely on their Proof of Work (PoW) miners to decide which upgrades to accept. This method leads to stagnation and an unwillingness to improve scalability, harming mining profits. Reef, however, allows two groups to work together in implementing changes to the network: a Technical Council and Validators. The Technical Council The Technical Council approves and reviews network updates. These members are elected via the PoC consensus mechanism. PoC has similarities with Delegated Proof of Stake but incorporates a long bonding period of at least a year. Anyone, therefore, who stakes Reef to nominate a Technical Council member is incentivized to vote for competent members with longevity. Technical Council members make decisions on block size, block time, throughput, and other technical parameters. Making these changes on-chain is possible through a majority approval from the Technical Council. Validators Validators process blocks of legitimate transactions and run a node. These are elected using the NPoS consensus mechanism. As previously mentioned, all transaction fees are burned on the Reef. This means that validators are paid rewards from a yearly inflation pool (set roughly at 8%).  Validators are selected by nominators, which we'll discuss shortly. If a validator acts maliciously or misbehaves, they will have their stake slashed.   Staking on Reef Both validators and nominators in NPoS must stake REEF to take part. By staking REEF, nominators earn more REEF by picking good validator candidates. If the validator is elected into the active set and successfully processes blocks, the nominator can share their rewards. If the validator misbehaves, the nominator will lose some of their stake, and the validator will be slashed. Staked REEF is locked until the nominator decides to remove their validator nomination, which becomes effective in the next era (roughly 24 hours). The nominator must then wait 28 days for their stake to be returned. Active validator set and rewards Not every nominated validator will make it into the active set of validators. In most cases, an algorithm will only allow you to actively support one successful validator per era. This is the case even if you staked behind multiple ones chosen for the active set. Each validator can only support payouts to 64 nominators. If a validator has more nominators than this, they are oversubscribed. Only the top 64 nominators by the amount staked will receive rewards.  Even if they don't receive rewards, the other nominators' stakes will still count towards the total staked behind a validator. The set of validators is computed off-chain, with some nominators eliminated according to the size of their stake.   The Reef ecosystem Reef isn’t only made up of its blockchain. It has an ecosystem of tools and services that complement its layer 1 network. Reef Web Wallet Reef Web Wallet is a crypto wallet, Decentralized Exchange (DEX), and token creator on Reef. You can swap, send, and pool tokens here, much like on ReefSwap. You'll need to download and install the Reef Browser Extension to use the app.     ReefScan ReefScan is a blockchain explorer where users can browse transactions, wallet IDs, smart contracts, and other on-chain information. It uses a similar format to Etherscan or BscScan, making it simple to use. You can also interact with Reef smart contracts via Reefscan.     ReefSwap ReefSwap is a DEX offering a swapping service for Reef tokens. It uses the familiar Uniswap V2 model and requires users to access it via the Reef browser extension. This is due to Reef being Substrate-based. Users can also claim an EVM wallet address and assign it to their Reef Account.     What is REEF? The REEF token is Reef's native cryptocurrency. It can be used to pay transaction fees on the network using its gas system and in on-chain governance. This includes both the NPoS and PoC consensus mechanisms.  REEF was originally minted as an ERC-20 token on Ethereum and BEP-20 on BNB Smart Chain. However, you can now convert it 1:1 on Reef.   Where can I buy REEF? Binance offers two ways to purchase REEF. First, you can buy REEF with a credit or debit card in selected fiat currencies. Visit Binance's [Buy Crypto with Debit/Credit Card] page, choose the currency you want to pay in, and select REEF in the bottom field.  Click [Continue] to confirm your purchase and follow the instructions given.     You can also trade cryptocurrencies for REEF, including BUSD, BTC, USDT, and TRY. Navigate to Binance's Spot view and type REEF in the trading pair search field. This will display all the available trading pairs. For more information on using the Exchange view, visit our How to Use TradingView on the Binance Website guide.       Conclusion For many, Reef is still well-known for its original DeFi business model. However, Reef has made significant development changes and has grown into a more developed ecosystem and fully functioning blockchain. The blockchain’s new developments are still young, giving it great potential for growth in the number of smart contracts and Decentralized Applications (DApps) that can be deployed on the network.
What Is SFM? Does The Altcoin SafeMoon (SFM) Have A Bright Future?

What Is SFM? Does The Altcoin SafeMoon (SFM) Have A Bright Future?

Rebecca Duthie Rebecca Duthie 28.04.2022 13:30
Summary: SafeMoon Coin, what is it, how can investors purchase it? SafeMoon’s past and future prices. Functions of SafeMoon. SafeMoon is one of the newer cryptocurrencies on the market, having been launched in the first quarter of 2021. SafeMoon is one of the newer cryptocurrencies on the market, having been launched in the first quarter of 2021 SafeMoon had around 2.9 million holders in January 2022. The token's founders wanted a coin that would ensure “safe” gains. SafeMoon designed its products to resist volatility through offering rewards to its investors for holding their coins. SafeMoon is a type of cryptocurrency that is based on human-based technology and business, their aim is: “expanding blockchain technologies for a brighter tomorrow”. SafeMoon refers to their community as “The SafeMoon Army” which is a deeply connected community who innovates for good. They are building blockchain, commerce, metaverse and NFT products to attempt at deriving new product values from already standing crypto technology and put it towards better use. The SafeMoon Protocol V2 Token; a community based DeFi Token that is a part of SafeMoon’s expanding ecosystem. Coindesk.com defines DeFi tokens as representatives of “a diverse set of cryptocurrencies native to automated, decentralised platforms that operate using smart contracts.” Recall that a decentralised cryptocurrency platform transfers the control and decision making from a centralised entity (organisation, individual or group) and is given to a distributed network and smart contracts. Recall that smart contracts are digital contracts which are stored on a blockchain, when predetermined terms and conditions are met, the programs are executed. Read next: Meme coins: (SHIB) What Is Shiba Inu Token? Shiba Inu Coin Price. What Makes This Altcoin So Special? Clever Methods Used To Give High Crypto Returns  There are 4 Functions that occur when a SafeMoon trade occurs: Reflection: 4% of the transaction is distributed to all coin holders. This is in an attempt to lessen the problems with mining rewards. This happens in 2 ways: (a) The reward amount is dependent on the size of the purchase. (b) encourages token holders to collect higher payments based on number owned. This will attempt to prevent the earlier investors from selling their tokens en masse and being able to sway the price, like with Bitcoin. LP Acquisition: 3% of each transaction is added to liquidity. The automatic liquidity pool is seen as an advantage of SafeMoons coins, it creates a solid price floor for both buyers and sellers. The LP is meant to help with long-term stability, in addition, written in a smart contract there is a 10% penalty for sellers of the coin and 5% of this penalty is split between existing holders, this is in an attempt to discourage investors from selling their coins. Manual Burn: 2% of tokens are burnt. The burning of SafeMoon Tokens is manual instead of continuous, this is in an attempt to increase the value of the coins for long-term investors. It also increases transparency of the coin as the burns are announced and tracked publicly. Growth Fund: 1% is added to the SafeMoon Ecosystem Growth Fund. The SafeMoon coin is designed to discourage selling, driving the price up over time and benefiting early investors and the owners. There are some analysts who believe that early adopters will pump the coin and hype it up to drive the price up and then sell when they have made money. The price history of SafeMoon has been a rollercoaster. Since the coin was launched its price has risen by more than 140,000%, showing the huge momentum this coin has had. SafeMoon falls under the altcoin category, meaning that it is highly sensitive to movements happening on the wider crypto market. Hence, due to current general bearish market sentiment, it is not surprising that the coin has seen almost a 61% decline in its price over the last month. Price predictions for 2022 will depend on two factors. Market sentiment and the broader crypto markets. We are seeing more of a link between the general stock markets and the crypto markets, this came to light when we saw both markets react to the announcements of rising inflation and rising interest rates. This is because the opportunity cost of holding cryptocurrencies and stocks increases as these yields rise, especially because the investments linked to the rising yields are considered safer than cryptos and stocks. The utility factors of the SafeMoon coin will affect the price, these utility factors will determine how they will manage the coin. SafeMoon Crypto Price Chart Read next: What Is Chia Coin? - (XCH) - First New Nakamoto Coin Since Bitcoin Launch (2009)  To purchase the SafeMoon coin investors will need to download the Trust Wallet App It is necessary to purchase an already established coin such as Binance or bowscoin. Click on the DApp tab on the Trust Wallet App, this allows you to find decentralised coins. Look for Pancakeswap - this will allow you to trade Binance or Bowscoin for SafeMoon tokens. The SafeMoon Tokens will be held in the Trust Wallet App going forward. Sources: safemoon.com, coindesk.com, gobankingrates.com, Finance.yahoo.com, business2community.com, thetimes.co-uk.
Altcoins: What Is Student Coin (STC)? The First Of Its Kind! "Easily Design, Create And Manage Personal, Start-up, NFT and DeFi Tokens"! What Will The Future Hold For This Polish Crypto?

Altcoins: What Is Student Coin (STC)? The First Of Its Kind! "Easily Design, Create And Manage Personal, Start-up, NFT and DeFi Tokens"! What Will The Future Hold For This Polish Crypto?

Rebecca Duthie Rebecca Duthie 29.04.2022 12:30
Summary: A look into Student Coin, what is it, how does it work? Tokenization for the future. Advantages of Student Coin. Future of Student Coin Student Coin was founded in 2018 for a student investors club that was called “Kapitalni” that was operating at Kozminski University, in Warsaw Poland. STC is an official partner of TEDxWarsaw. According to the studentcoin.org Student coin is the first crypto coin that allows users to easily design, create and manage personal, start-up, NFT and DeFi tokens. The mission of Student Coin is to allow organizations and people to create, manage and develop their own tokens, they hope that through this platform they will achieve a concept called tokenization. “Tokenization” in this context is when every person and company has its own token. The founders of Student coin believe that tokenization is the future of the economy. The platform allows for custom tokens to be made, these tokens can be used for crowdfunding, trading, governing, voting or payments. These tokens are stored on the STC exchange and in the STC wallet. The aim of Student Coin is to “enable scalability of startups in their early stages by creating an opportunity for numerous investors to engage through tokenization, which also contributes to increased visibility, customers, and the fundamental values.” Read next: What Is SFM? Does The Altcoin SafeMoon (SFM) Have A Bright Future?  Student Coins products, STC Terminal, STC Wallet, STC Staking, STC Voting, STC Academy, STC Exchange. The Student Coin platform offers many products. STC Terminal: this is the first “one-stop tool” for creating a custom token, with various utilities - no programming background is needed. The tokens created using the STC Terminal will be added to the STC Exchange and STC Wallet. STC Wallet: this platform allows for storing and trading the STC tokens. This wallet allows the users to stake, vote and transfer assets at low fees. STC Staking: when investors hold tokens in their STC wallets, they have the opportunity to earn flexible interest in STC tokens and receive seasonal STC-based token airdrops. STC voting: the users are encouraged to influence the Student Coin’s strategic decisions, this can be done through voting polls. Whilst the voting is free, the amount of influence a user has depends on the amount of investment the user has in Student Coin. STC Academy: Student Coin knows of the importance of creating an educational role when it comes to adopting the new technology process. This STC Academy “assists in building the cryptocurrency market relevance, security rules and is community-friendly for every user.” The academy courses are of high-quality and cover topics in blockchain, crypto assets, new technologies, and investing. The Student Coin founders are certain that this educational platform will promote both the concept of tokenization and the use of crypto assets. STC Exchange: This platform has not yet been fully launched, but it is hoped that the platform will be used for connecting STC users with the rest of the finance world. The exchange is being designed to be user friendly and available worldwide, whilst having the highest standards of Market-Making API and trading features. Advantages of STC coin: Student Coin prides themselves as a reliable, fundamental, long-term product that is based on academic values. Allows for the creation of a coin that can be personalized by an individual or organization. Token holders will receive a cyclical payment that will be generated on the STC Exchange from token trading fees and crowd funding. STC will try to create a global community that will connect token holders and students , similar to social media in the beginning. STC believes in the importance of academic learning and will attempt to help users all over the world. Below is a chart taken from Finance.yahoo.com, it represents the price of the STC token since it went to market in July 2021. This past week STC has seen prices. In the past 7 days the price of Student Coin has declined by 4.8%, The current price is 0.0043, down by almost 3.5% today. The Student Coin is more than 94% below its all time high of €0.066252. The current circulating supply of the coin is 5,322,747,502 STC. STC Crypto Price Chart Read next: Meme coins: (SHIB) What Is Shiba Inu Token? Shiba Inu Coin Price. What Makes This Altcoin So Special? Clever Methods Used To Give High Crypto Returns  The Future of Student Coin looks bright if investors weather the 2022 storm. Although the price predictions according to swapspace.co for 2022 are showing sell signals, the same platform is showing strong buy signals up until 2030, indicating that the future for this coin may be bright. Sources: coinbase.com, studentcoin.org, Finance.yahoo.com, bitcoinist.com
(LBLOCK) LuckyBlock Crypto-Lottery - The Future Of Cryptocurrency?

(LBLOCK) LuckyBlock Crypto-Lottery - The Future Of Cryptocurrency?

Rebecca Duthie Rebecca Duthie 04.05.2022 08:39
Summary: A deeper look into the Lucky Block platform and coin. Advantages of holding a Lucky Block coin. The process of buying a Lucky Block coin. Price predictions, past, present and future. Lucky Block is one of the most undervalued cryptocurrencies. Lucky Block launched their crypto coin earlier this year and their focus is “to develop further transparency and fairness in games, creating games and competitions where every player and entrant has better win odds while providing a solid rewards strategy for token holders while contributing to the economy.” They are one of the most undervalued cryptocurrencies, but hope to change that by building onto the Binance Smart Coin and using it to offer more transparency and equality amongst users. Lucky Block is listed on the Pancakeswap platform, in the weeks following the listing, the price increased substantially and investors saw brilliant returns. They launched their coin earlier this year, and have seen successful returns since. Read next: (USDC) USD Coin, What Is It And How Does It Work? - An Interesting Altcoin!  The coin was created to give everyone a better experience for lottery entrants. Lucky Block is a cryptocurrency games platform, a worldwide games and competitions platform with “play-to-earn” rewards using blockchain protocols, it operates on the Binance smart chain. They are determined to develop further transparency and fairness in games. The coin was created to give everyone a better experience for lottery entrants. Lucky Block believes that games of chance should have no borders (geographic and financial). The coin is considered to be revolutionary - it is a “crypto-lottery” Lucky Block was the fastest crypto to earn $1 billion Market Cap, they acquired 50k+ investors in the first 90 days after launching. Why is Lucky Block so special? Their pre-sale phase sold out all the allocated tokens nearly two weeks ahead of schedule. The price rose more than 3200% over its pre-sale price and reached a fully diluted market cap of more than $500 million. Lucky Block is planning on expanding into more exchanges in the future. Advantages of Lucky Block: Free daily jackpot entry for all Lucky Block holders. Play-to-earn rewards in Lucky Block Able to buy Lucky Block NFTs with their crypto wallet. The platform can break down geographical and financial borders for entrants. Revolutionising the lottery. Upcoming exchange listings, after the way Lucky Block price reacted to being listed on Pancakeswap, investors are hoping the same will happen when Lucky Block becomes listed on more exchanges. Exciting future plans, there are 4 phases of future plans set out by Lucky Block and all of them will bring future benefits to users. Potential for passive income, for users who store their Lucky Block tokens in crypto wallets will receive dividends. These dividends are linked to the number of lotto ticket entrants. Therefore, as Lucky Block expands, users will benefit from their ownership. Deflationary, structured so that a portion of them are burned regularly. The advantages to this coin are seemingly never ending. Recall that burning coins means to permanently remove tokens from circulation in an attempt to reduce supply and drive up price. The process of buying a Lucky Block coin is not quite the same as it is to buy one of the bigger coins such as Bitcoin. It is necessary to set up a crypto wallet, the wallet should be compatible with BSC (Binance Smart Chain), for example, such as MetaMask or Trust Wallet. Fund it with BNB (Binance Coin) It is necessary to first buy Binance Coin (BNB) to facilitate the Lucky Block investment. Buying Binance Coin is easy to do through a broker or an exchange, afterwhich, it is possible to transfer the Binance coin to your crypto wallet. Connect your crypto wallet to Pancakeswap and link your wallet of choice onto Pancakeswap. It is necessary to specify the Lucky Block contract address. Buy Lucky Block coins using the Binance Coin. Lucky block has become one of the most sought after cryptocurrencies to launch this year, the platform offers many types of ownership benefits plus, there is an opportunity to benefit from value increases. Future, present and past price of Lucky Block. In the past week the price of LBlock has fallen by 7%, the past 14 days shows a fall in the price of 16.1%, the past month shows a fall of 50.2% and in the past 24 hours the price fall has been 8.4%. The negative overall performance can possibly be explained by the current economic conditions and investor sentiment. When the company launched earlier this year, the price saw a healthy increase, the original price increase after launch was more than 3200%. Since then the general market has seen a lot of volatility, which has caused investor sentiment to turn relatively negative and turn to less risky investments. Hence, the price started dropping slowly during March but has caught more downwards momentum in April. LBLOCK Price Chart The future price prediction for Lucky Block is optimistic, when the coin was listed on Pancakeswap the price of the token spiked, plus the combination with stellar use cases means investor confidence in this coin is positive. Lucky Block also has an App, making their services more easily available to users everywhere. Read next: Altcoins: What Is Student Coin (STC)? The First Of Its Kind! "Easily Design, Create And Manage Personal, Start-up, NFT and DeFi Tokens"! What Will The Future Hold For This Polish Crypto?  Sources: finance.yahoo.com, luckyblock.com, business2community.com, coingecko.com
Being Paid Money For Playing A Game!? When it's hard to break yourself away from the screen – P2E analysis. Play To Earn Games; RoboHero (ROBO)

Being Paid Money For Playing A Game!? When it's hard to break yourself away from the screen – P2E analysis. Play To Earn Games; RoboHero (ROBO)

Finance Press Release Finance Press Release 29.04.2022 14:39
Games are an excellent way to escape from the daily routine and enter the new world. Gaming has many faces, it could be your biggest passion, Sunday fun, or earning method. The latter mentioned is a relatively fresh concept for the world of digital entertainment. It is worth taking a closer look at it to understand what makes us unable to tear ourselves from the computer or smartphone’s screen for hours. Would you like to know what elements should have the quality Play-to-Earn (P2E) title? We invite you to the text! Refined business model P2E is from the financial perspective a moneymaking tool. It's driven by a game token and provides users with diverse and effective ways to collect funds, some of which will be used to develop the game. It provides an effective model, from which the income will be divided between investors – gamers, the project’s team, and the product – itself. It is a recipe for motivation to keep playing and product development. The possibility of making a steady income that could be your second salary sounds very attractive, especially when we're talking about passive income.  Read next: Play To Earn Games: Revolution On The Games Market – Let's Talk About P2E. What Is Play To Earn? RoboHero (ROBO)| FXMAG.COM As we mentioned before, the fuel that powers the game is token, which value depends on many factors. These include development plans (roadmap), burning part of the supply to increase the price, utility token scope (e.g., internal metaverse economics), etc. It is crucial to reach different clients groups – long-run investors, people who just like to click around and make a few dollars after work, and people who will make it a regular income. Nowadays, we have considerable possibilities, a dozen years ago we wouldn't even consider farming gold in World of Warcraft.  Diverse ways to get funds P2E games offer a wide range of possibilities to claim tokens. It depends on the characteristics of the game. However, the most common theme is a fight in which the winner receives funds from the pot. They are coming from the game’s treasury when the battle is in PvE mode or the players are allocating tokens for the common pool for the winner in PvP. There are also mechanics that we already know from MMO games, such as selling acquired items on the marketplace and trading characters, etc. However, these are ways of active income, which require completing certain tasks to collect a reward.  The real potential of Play-to-Earn is hidden in passive income. At this point, we can use the example of the RoboHero mobile game. In addition to the extensive opportunities to generate active income, we have vast opportunities to earn passively. You can rent your character to another player, lend an advertising billboard in the game and get a lease payment or become the NFT landowner, where the robot fights and get a commission from each battle. This gives many possibilities, from which you can create a superb plan for profit.  Read next: (ADA) Cardano Coin Has The Potential To Compete With Larger Coins - Watch Out Ethereum (ETH)| FXMAG.COM In the world of blockchain entertainment, some issues are appearing, foremost – the game’s entry barrier. Usually, you need to pay a minimum of several hundred dollars for a character that you will perform tasks. Here, it is worth mentioning again the example of RoboHero, which came out to meet the community and offered a Watch-to-Earn application. It allows you to raise funds for your first robot by watching ads. This is an excellent practice that can become an inspiration for other game developers.  Engaging gameplay We don't forget how crucial is the user experience itself. The high-quality P2E game features the proper balance between earning and playability. If there will appear a deficit of one factor, it can't be made up with more of the other. Playability is a set of rules and game mechanics that contribute to the enjoyment of the game. The real essence of game success is the level of positive emotions you draw from a title. It consists of elements like among others metaverse design, graphics, idea, and plot. Authors need to find a golden proportion in composing these elements. Sometimes less is better. Do you remember Heroes III? An outstandingly playable game that was a tremendous success. Although the graphics and story were in second place, it was the gameplay mechanics that made this title extremely popular until now.  Different recipes for the game As a curiosity, we can introduce to you a distinguished mechanics we can meet in Play-to-Earn titles. We have to admit that authors’ creativity is limitless. Take a look at the gaming models' examples: CryptoCars - earning tokens by driving the car through the road, avoiding obstacles. Pegaxy - taking part in horse races, in which the best contestants are rewarded with tokens CryptoBomb - Escaping from the bomb field on 2D boards. If you survive, you win. Farmers World – you buy in-game NFT land, where you grow certain resources, harvest, and sell them The very friendly gameplay and refined economics of such titles make earning straightforward and fun. In that industry, everyone can find a title that fits them. Different recipes for the game. Summarizing Creating a good Play-to-Earn title is an art. It’s a huge challenge from the technical, financial, organizational, and marketing points of view. This is a young branch of the market, so we are now seeing its wonderful innovative beginnings. It’s worth being interested in this industry and bringing as much enjoyment and funds out of it as possible. Sometimes it's better to change the approach and give a chance to modern earning methods. Being landlord and billboard in-game tenant sounds fantastic. It’s simple – you get tokens and exchange them for fiat money.  After all, who in their youth didn't dream of making money from playing?
KuCoin: What is Green Satoshi Token (GST) and How Does it Work? | KuCoin Crypto Gem Observer

KuCoin: What is Green Satoshi Token (GST) and How Does it Work? | KuCoin Crypto Gem Observer

Kucoin Blog Kucoin Blog 09.05.2022 08:34
Table of Content · What is Green Satoshi Token (GST)? · How does Green Satoshi Token (GST) work? · What Makes Green Satoshi Token (GST) Unique? · Who created the Green Satoshi Token (GST)? · Closing thoughts As the web3 ecosystem continues growing at an accelerated pace, developers in the space have had to come up with different projects to satisfy the demands of the growing community. While most developers are focused on Game-Fi, Social-Fi, and DeFi, some have raised the bar even higher.   An example is Green Satoshi Token, a Solana-based project, which created by STEPN, a web-3 lifestyle app that features Game-Fi and Social-Fi elements. The application allows users to earn tokens by walking, jogging, or running outdoors. Through STEPN, Green Satoshi Token pioneered the Move & Earn concept, an achievement that saw the application emerge fourth in last year’s Solana Ignition Hackathon, which comprised over 500 projects. By incentivizing the above physical activities, Green Satoshi Tokens seeks to nudge a generation stuck behind computer monitors or VR headsets into leading a healthier lifestyle. Additionally, the project aims to fight climate change, connect more people to the web3 ecosystem, and encourage the creation of web3 content creation. Watch the GST Deep Dive Video and Subscribe to the KuCoin YouTube channel: https://youtu.be/KUyU1gRptvI How Does Green Satoshi Token (GST) Work? To get started, users need to download the STEPN application, which is currently available in public beta on the Play Store and App Store. Once installed, the application will prompt users to sign up via email. The system will automatically send a verification code to open the app to the provided email address. Once in the app, users will need to set up a wallet by clicking the wallet icon in the top right corner. The system will generate a 12-word secret phrase that helps prevent anyone else from hacking into your wallet. The final step is depositing some Solana (SOL) into the wallet to purchase non-fungible token (NFT) sneakers in the marketplace. The marketplace features a Filter tool to simplify the process of choosing sneakers. It is vital to have an account balance greater than the purchase price of the NFT sneaker because some amount will go to gas fees. After acquiring new sneakers, users can start running or walking to earn the Green Satoshi Token (GST). The sneakers are limited in that they drain energy during every activity. However, 25% of the energy is replenished every six hours. The specific schedule for restoring energy is 00.00, 06:00, 12:00, and 18:00 AEDT time. At the moment, STEPN has one game model, Solo. However, a Marathon option is under development. The game also has a Background mode, which lets users who own sneakers earn GST even if they are not walking or running. In the Solo mode, users need to turn on their location. STEPN does not reward moonwalking. Moonwalking is when a user’s GPS signal is weak, making it impossible to monitor activity or when a user is not walking or running organically. STEPN uses GPS tracking, motion sensor and health data, and machine learning to prevent cheating. From levels 0 to 29 of the game, users can only earn GST. Achieving milestones along the way unlocks various features, including sneaker minting, sneaker leasing, and sneaker sockets in which users can add gems to improve performance. The game has four types of gems. These are Yellow for efficiency, Blue for luck, Red for comfort, and Purple for resilience. At level 30, users unlock the ability to earn the Green Metaverse Token (GMT), STEPN’s governance token. Users can swap between earning GMT and GST at this level, subject to cool-down periods. Sneaker types determine how much a user earns. There are four sneaker types: Walker, Jogger, Runner, and Trainer. Walker sneakers earn to lowest, while Trainer sneakers earn the highest. Each category has five qualities: Common, Uncommon, Rare, Epic, and Legendary. Moreover, STEPN seeks to let users customize sneakers by burning GST, GMT, or NFTs. However, this feature is under development. At the moment, STEPN works with top sneaker brands for unique co-branded releases. What Makes Green Satoshi Token (GST) Unique? The STEPN team will charge a 2% fee for marketplace transactions. These funds will go toward sustaining operations and compensating team members. Notably, the project seeks to inject over 5% of the trading fee into the STEPN ecosystem. Any other taxes that the project collects will go to the STEPN Treasury Pool, which GMT stakers control. The voting increases with the period of locking. Users that lock their GMT for a month have a voting power of 1, while someone that locks their funds for three years has a voting power of 64. Unlike other web3 projects, STEPN is actively combating climate change through a partnership with Nori. With the community having a say on what happens to the funds in the Treasury Pool, STEPN created measures to ensure profitability while minimizing greed. The project offers five voting options. These are Generous Giver, Kind Giver, Matcher, Greedy Teker, and Selfish Taker. Generous Givers vote to dedicate 70% of the profits in the Treasury Fund to carbon offsetting and taking only 30% as dividends. Kind Givers voted to allocate 55% to carbon offsetting and 45% to dividends. Matchers vote to take 60% and donate 40%. Greedy Takers seek to give away 25% for carbon offsetting, while Selfish Takers vote to take 90% of the profits. Who created the Green Satoshi Token (GST)? Jerry Huang and Yawn Rong co-founded STEPN. Huang has over 10 years of experience in game development, operation, and marketing. On the other hand, Rong is a renowned entrepreneur, crypto angel investor, and start-up incubator. Jessica serves as the project’s Chief Strategy Officer (CSO). She has a decade’s worth of experience in offering consultancy services to high-end clients. Ryan Turner is STEPN’s Lead Designer. STEPN also has a robust team of advisors, including Adidas VP Scott Dunlap, Alliance Head of Accelerator William Robinson, Folius Ventures founder Jason Kam, and web3 investor Santiago Santos. The STEPN team has also inked strategic partnerships with leading firms like Solana Ventures, DeFi Alliance, Alameda Research, Sequoia, Folius Ventures, and Binance, to name a few. Closing Thoughts By combining Game-Fi and Social-Fi, STEPN positions itself for success. Offering users rewards for leading a healthy lifestyle helps STEPN secure and maintain a large user base quickly. The project’s devotion to fighting climate change also plays well into its plans, as companies and countries across the globe strive to achieve carbon neutrality or negativity. Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange_New Subscribe YouTube Channel >>> https://www.youtube.com/KuCoinExchange Download KuCoin App >>>https://www.kucoin.com/download Source: KuCoin
Crypto: How To Estimate A Risk And Take A Profit?

Terra (LUNA), Uniswap (UNI) And Cronos News | crypto.com: "Weekly DeFi Update (Week 18, 02/05/2022 – 08/05/2022)"

Crypto.com Accelerate the... Crypto.com Accelerate the... 09.05.2022 10:23
UST depegged after US$285M sell-off but quickly regains peg. Uniswap reports deeper liquidity on multiple Ethereum pairs than leading centralised exchanges. Cronos Ecosystem Grants Program announces third batch of grant recipients. Key Takeaways The world’s third largest DeFi protocol by total value locked (TVL), Anchor Protocol (ANC), has lowered the UST earn rate from 19.4% to 18.0% annual percentage yield (APY) since 1 May 2022. Also, a proposal to roll out voting escrow ANC (veANC) has been approved. Terra’s UST depegged after a massive US$285 million sell–off on Curve Finance (CRV) and leading centralised exchange. It was soon stabilised and back to peg. Meanwhile, Luna Foundation Guard (LFG) has added another US$ 1.5 billion of Bitcoin (BTC) to its UST reserves. Uniswap V3 (UNI) is reported to have deeper liquidity in multiple Ethereum (ETH) pairs than leading centralised exchanges by about 2x or more. Cronos Ecosystem Grants Program announced the third batch of grant recipients, which include a few DeFi projects, such as Argo Finance. This week’s price and volume indices were negative at -7.04% and -9.75%, respectively, while the volatility index was positive at +38.89%. Highlights Curve Finance (CRV) integrates with Near’s Aurora Network. Terra’s LUNA declines 10% amid UST depegging concern Hacked crypto platform offers ‘No Questions Asked’ US$10 million bounty for stolen funds Total investment in Syndicate DAO tops US$28 million after latest funding round Jane Street dives into DeFi with US$25 million USDC loan Lido (LDO) briefly becomes top DeFi protocol by TVL with US$20 billion staked Juno’s DAO votes to confiscate US$35 million in tokens from whale in messy dispute ’Revolution’ promised by Tron’s Justin Sun looks like clone of Terra’s algorithmic stablecoin Ribbon Finance (RBN) gives half its protocol revenue to stakers Vector Finance (VTX) TVL hits a record high as the Curve Wars shift to Avalanche Tron DAO buys US$39 million worth of TRX as reserves for its USDD stablecoin whose circulating supply has exceeded US$200 million Polkadex has won the 16th Polkadot’s parachain slot Cardano’s first eUTxO cross-chain decentralised exchange goes live on public testnet Check the latest prices on Crypto.com/Price Top Token Metrics   Metrics Top 20 DeFi tokensmarket cap Top 100 DeFi tokens market cap Current $72.41B $92.35B 7-Day Change -12.73% -11.70% 14-Day Change -20.83% -20.67%       *Top DeFi tokens based on CoinGeckoSource: CoinGecko DeFi Index Tokens   Metrics Price Volume Volatility Top Gainers CRV (+12.63%)UNI (+0.28%)FXS (+0.07%) ANC (+161.57%)FXS (+101.52%)CRV (+22.22%) ANC (+316.91%)FXS (+207.72%)SPELL (+141.28%) Top Losers VVS (-18.62%)MKR (-17.88%)LDO (-14.20%) CAKE (-50.98%)SNX (-41.55%)AAVE (-33.17%) LDO (-89.80%)SNX (-44.24%)CAKE (-43.75%) Benchmark ETH (-10.30%) ETH (+2.43%) ETH (+47.01%)       *DeFI index tokens: AAVE, ANC, BAL, CAKE, COMP, CRV, CVX, FXS, JOE, LDO, LINK, MKR, OSMO, REN, SNX, SPELL, SUSHI, UNI, VVS, YFI Notable Events CRV jumped as institutional capital flows in.     Tags CRYPTO CRYPTO RESEARCH CRYPTOCURRENCIES DEFI Source: crypto.com
(BTC/USD) Bitcoin drops to 33k USD! Ether (ETH) Drops, Litecoin (LTC) Is Below The Technical Support, Cardano (ADA) ... What will the market do next? | by Geco.one

(BTC/USD) Bitcoin drops to 33k USD! Ether (ETH) Drops, Litecoin (LTC) Is Below The Technical Support, Cardano (ADA) ... What will the market do next? | by Geco.one

Geco One Geco One 09.05.2022 15:32
Bitcoin has fallen by more than $6,700 in recent days. It increased the range of the ongoing depreciation, which started on 28 March, to over $14,800 - nearly 31%. Counting from the all-time peak in November 2021, the BTC exchange rate dropped by almost $56,000, nearly 51%. Such a significant sale meant that you had to pay less than $34,000 for Bitcoin on Monday morning, one of the lowest levels since July 2021. Given that breaking one technical support level usually opens the door to further drops to the next support area, a decline in BTC below $34,500 could signal its continuation towards $29,500, which would be one of the lowest levels since early January 2021. Read next: Look At That! Bitcoin (BTC/USD) Has Plunged By 22%! Huge Drop Of ETH/USD (Ethereum Price) Price Is Here As Well! | FXMAG.COM The current Ethereum situation is also very interesting. The exchange rate of this cryptocurrency fell by more than $1,150 in just over a month, which was over 32%. These declines caused the ETH price to slide below the upward trend line. The subsequent sell-off also beat horizontal support of $2,735, and we also saw an attempt to go below $2,500 on Monday morning. Read next: Geco.one Crypto Update! Ether (ETH) Has Decreased By Ca. $750! Plunging (BTC/USD) Bitcoin Price! Bitcoin Has Fallen By More Than $4,000 In Recent Days, Solana (SOL) Is Below $100 | FXMAG.COM All this means that we could expect further depreciation of ETH to the region of $2350 soon. However, if this support is also defeated, then the price of this cryptocurrency could go even towards $1,750. It is only there that another significant support is found, in the vicinity of which we could expect a more substantial demand response. Looking at the Litecoin quotations, we can see that the price of this cryptocurrency has recently dropped below the technical support of $95. You currently have to pay around $90 for LTC, the lowest level since December 2020. Counting from the peaks of May 2021, the exchange rate of this cryptocurrency has already dropped by over 78%. As long as this sale continues, Litecoin could return to around $67 - only there is another important support. The current situation on the Polygon cryptocurrency prices is also interesting. Over the last five days, the Matic price has lowered by more than 22%, thus increasing the depreciation range that started on 31 March to over 47%. Counting from the peak of implant times on 27 December 2021, the price of this cryptocurrency has already plunged by 68.5%. Read next: What Is (DYDX)? dYdX Cryptocurrency Supporting Perpetual Trading - Altcoins of Interest | FXMAG.COM Such a large sell-off naturally led to several significant support zones, the last of which was at $1. If the market were to move towards another technical support now, we could see a return to the $0.69. It is only there that there is another barrier in the vicinity of which we could expect the emergence of greater demand response. We could also expect a continuation of declines in the Cardano quotations. Its price lowered since September last year by almost 78%. Such a significant sale meant that you had to pay just over $0.69 for this cryptocurrency, the lowest level since February 2021. As long as the sell-off continues, the ADA rate could drop as low as $0.40. You can watch the Market Analysis here: Start your Crypto trading adventure with https://app.geco.one
Crypto Prices: Check Bitcoin (BTC/USD), ETH, Solana (SOL) And Avalanche (AVAX Price). Bitcoin Price At 30K, Back To The Bottom Of The Long-Term Range | FxPro

Crypto Prices: Check Bitcoin (BTC/USD), ETH, Solana (SOL) And Avalanche (AVAX Price). Bitcoin Price At 30K, Back To The Bottom Of The Long-Term Range | FxPro

Alex Kuptsikevich Alex Kuptsikevich 10.05.2022 08:42
Bitcoin collapsed 9.5% on Monday and dipped temporarily below $30K in early trading on Tuesday, stabilising at $31.3K. Ethereum has lost 3.9% in the past 24 hours, while other leading altcoins in the top 10 have fallen from 8.7% (Solana, Cardano) to 12% (Avalanche). Bitcoin's dominance index rose 0.3% to 41.8% on more altcoin weakness Total crypto market capitalisation, according to CoinMarketCap, fell 7% overnight to $1.44 trillion. Bitcoin's dominance index rose 0.3% to 41.8% on more altcoin weakness. Terra and TerraUSD continue to lose ground The cryptocurrency Fear and Greed Index was down 1 point to 10 by Tuesday and remains in a state of "extreme fear", touching a low point for the seventh time in the past year. An even higher level of fear in the last four years that we have only seen in March 2020 and September 2019. The current plunge is a retouch of the lows made in January and July last year for the first cryptocurrency Terra and TerraUSD continue to lose ground. Against this backdrop, the Luna Foundation Guard (LFG) has committed $1.5bn to protect the "stability of UST and the Terra ecosystem as a whole". Stablecoin UST, designed to be as close to the value of the USD as possible, lost more than 30% at one point overnight. But at the time of writing, it is trading at a 14% discount to the US currency. The current plunge is a retouch of the lows made in January and July last year for the first cryptocurrency. This could look like a last line of defence for the bulls, who may try to push back from the lower end of the trading range since early January. However, many markets are on a similar informal frontier separating a correction from a potential collapse, so the situation in the crypto market could largely determine sentiment in the deeper debt and equity markets. As we can see, Ether and Bitcoin remain resilient and robust enough to make them somewhat of a safe harbour within the stormy crypto sea Judging by the dynamics of Stablecoin, the crypto market is undergoing one of its most massive tests of the entire market periphery, which could determine the credibility of the crypto market for many months or years to come. As we can see, Ether and Bitcoin remain resilient and robust enough to make them somewhat of a safe harbour within the stormy crypto sea. At the same time, the collapse in quotations has not yet affected miners' confidence in the cryptocurrency's future, as the BTC network's hash rate continues to grow. Ray Dalio, the founder of Bridgewater Associates, one of the biggest hedge funds, said that bitcoin should be in investors' portfolios. Still, the cryptocurrency itself is not a good competitor to gold in terms of inflation protection. But that could change in the next five to 10 years.
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Is Crypto Market Crash Coming? Where to exit (ETH) Ethereum before it crashes to $1,700

FXStreet News FXStreet News 10.05.2022 16:50
Ethereum price bounces off the $2,200 support level after a 12% crash over the last three days. Investors can expect a retest of $2,541 before ETH crashes to $1,730 to collect the sell-stop liquidity. A three-day candlestick close above $3,079 will invalidate the bearish thesis by producing a higher high. Ethereum price has sealed its bearish fate after breaching the consolidation pattern’s lower trend line on May 6. This development has worsened the situation and caused a steep correction for ETH. Ethereum price provides an opportunity Ethereum price set three distinctive higher lows and two higher highs since the January 22 crash. Connecting the swing points using trend lines reveals an ascending parallel channel. This technical formation ideally results in a bearish breakout On May 6, Ethereum price breached the ascending parallel channel’s lower trend line, indicating a breakout. This downswing move caught traction and led to an 18% drop in ETH price in less than a week. At the time of writing, Ethereum price is trading around the $2,199 support level, where buyers seem to be scooping ETH up at a discount. However, considering where Bitcoin price stands, further downside seems more likely. Hence, investors need to be cautious and smart in buying the dips. There might, however, be a minor uptick in buying pressure that could push Ethereum price up to the $2,541 hurdle. This level is likely where the upside is capped for ETH before sellers take control. ETH/USDT 1-day chart Supporting this downswing in Ethereum price is the 30-day intraday Market Value to Realized Value (MVRV). This on-chain metric is used to determine the average profit/loss of investors that purchased ETH over the past month. Based on Santiment’s research, a value ranging from -10% to -15% is termed an “opportunity zone,” since the short-term holders are at a loss and are less likely to sell. However, for ETH, the local base was formed around -16%, which is where the MVRV is currently at and also explains the recent uptick in buying pressure. However, there is another potential base around -30%, where ETH stabilized after crashes in May 2021 and January 2022. Therefore, the chances of Ethereum price heading to $1,730 are high as portrayed by the MVRV 30-day chart. ETH 30-day MVRV intraday Further worsening the situation for bulls is the supply distribution seen across whales holding between 100,000 to 10 million ETH. The first set of wallets – those holding between 100,000 and 1,000,000 ETH – has dropped from 1,452 to 135 over the past three months. For the other group, these numbers have dipped from eight to five. The generalized decline in institutions holding Ethereum indicates that they are not confident in the performance of ETH price in the near future. ETH supply distribution Driving the bearish thesis home is the recent uptick in the supply of ETH on exchanges from 14.86 million to 15.37 million since April 20. This 3.4% surge indicates that investors are moving their tokens to centralized platforms to potentially sell and also adds credence to the outlook described in the supply distribution chart above. ETH supply on exchanges While the bearish outlook seems plausible, a spike in bullish momentum could alleviate the sell-side pressure. However, a three-day candlestick close above $3,079 will invalidate the bearish thesis by recovering its losses. In such a case, Ethereum price could further rally to $3,703 and set a higher high, confirming the start of an uptrend.
Weekly Crypto Analysis: Bitcoin Falls to Half Its Peak, Everything You Should Know Today | KuCoin

Bitcoin Price (BTC/USD) Falls And We're Wondering When The Bearish Market Ends... Weekly Crypto Analysis: Bitcoin Falls to Half Its Peak, Everything You Should Know Today | KuCoin

Kucoin Blog Kucoin Blog 10.05.2022 12:03
Table of Contents · Crypto Market Overview · Top Altcoin Gainers and Losers · News Highlights This Week · Bitcoin (BTC/USDT) Analysis on KuCoin Chart On Monday, cryptocurrency prices were in a slight bearish mode and the global crypto market cap was $1.60 trillion, down 3.36 percent from the previous day. Total crypto market volume fell 12.97 percent in the last 24 hours to $80.16 billion.   The total volume in DeFi was $9.10 billion, accounting for 11.35 percent of the total 24-hour volume in the crypto market. All stable coin volume was $74.84 billion, accounting for 93.35 percent of the total crypto market 24-hour volume.   Algorand (ALGO) and TRON (TRX), which increased by more than 20% and 15% respectively, were two major contributors to the gains. So let's take a quick look at the latest crypto market news and the technical outlook of Bitcoin.   Crypto Market Overview Bitcoin dominance is now sitting at 41.60%, down from 42.32% last week. The leading cryptocurrency by market was trading at $33,546.49 while Ethereum, the second-largest cryptocurrency by market capitalization, has plunged by 14.24% in the past seven days. On Monday, it was trading at $2,433.30, a 4.49% surge in 24 hours.   Algorand (ALGO), TRON (TRX), and 1inch Network (1INCH), on the other hand, remained the top performers from the previous week. ALGO increased by more than 20% to trade at $0.072, while TRX increased by 20.72% in the last seven days to $0.08613. 1INCH, on the other hand, rose 11.53% to $1.29.   Cryptocurrency Market Heatmap | Source: Coin360   While ApeCoin (APE) maintained its bearish momentum, losing 31.72% to $11.14 in the last seven days. The crypto market's trading sentiment has shifted negatively due to risk-off sentiment, and digital assets are struggling to rise.   Top Altcoin Gainers and Losers Top Altcoin Gainers: ➢ Algorand (ALGO) âž  31.72% ➢ TRON (TRX) âž  27.05% ➢ 1inch Network (1INCH) âž  26.08%   Top Altcoin Losers: ➢ ApeCoin (APE) âž  31.72% ➢ Terra (LUNA) âž  27.05% ➢ Kava (KAVA) âž  26.08%   News Highlights Here are some of the events that made the previous week's crypto news section stand out:   Klein Finance Completed a Funding Round With KCC Chain and KuCoin-Ventures Klein Finance, a KCC (Kucoin Community Chain)-based stable coin liquidity provider and exchange platform, has announced the launch of its funding program. KuCoin Ventures and the KCC chain have already invested millions of dollars.   Klein Finance's project technology development is believed to be nearly complete, and the new funds will be used for project promotion and team expansion, as well as the subsequent opening of the technology and expansion of its structured products. Klein Finance's financing plan is said to be continuing.   Value Locked in DeFi Slides 17% to $182 Billion Decentralized finance (DeFi) protocols have lost considerable value in the last month, with 17.77 percent shaving off the TVL in defi since April 8, 2022. Curve Finance, the largest DeFi protocol in TVL size, lost 16.55 percent in value over the last month, while Lido lost 13.28 percent. This month, Anchor's TVL is down 10.15 percent, Makerdao's TVL is down 20.48 percent, and Aave's TVL is down 21.12 percent.   Total Value Locked | Source: defillama   Aave's version three (v3) and Tron's Sunswap protocols saw significant 30-day TVL gains. The TVL in defi has lost 6.25 percent of its value in the last 24 hours, and the largest protocol by TVL today is Curve Finance. Curve's $17.24 billion TVL currently leads the aggregate by 9.46 percent as of Sunday afternoon (ET).   However, the drop in TVL is putting additional pressure on overall crypto trading sentiment, driving a bearish bias in the cryptocurrency market.   Bitcoin Extends Sell-Off as US Federal Reserve Hikes Fed Fund Rate by 50 Basis Points Bitcoin is tossing in profit and losses at $33,366 amid risk-off market sentiment. Since February, it fell to its lowest level and has dropped around 14 percent since last Monday. The digital asset has fluctuated between $33,000 and $48,000 since the beginning of the year. It was the last trading under $32,000 in July. Ether, Avalanche, and Solana have all dropped this week.   Bitcoin has largely traded in tandem with tech stocks; both the coin and the tech-centric Nasdaq 100 reached all-time highs in November and have since been on a volatile downward path. The Nasdaq 100 fell for the fifth week in a row.   The Federal Reserve raised the fed funds rate target by half a point to 0.75 percent -1 percent during its May 2022 meeting, the second consecutive rate hike and the largest increase in borrowing costs since 2000, in an effort to combat rising inflation.   The central bank also stated that further increases in the target range will be appropriate, with Chair Powell indicating 50 basis point hikes in the coming meetings.   On June 1st, the Fed will also begin reducing asset holdings on its $9 trillion balance sheet. For the first three months, the plan will roll off $30 billion in Treasuries and $17.5 billion in mortgage-backed securities per month, increasing to $60 billion and $35 billion for mortgages per month.   On the economic front, policymakers noted that the invasion of Ukraine and related events are adding to inflationary pressures and are likely to stifle economic activity. Furthermore, COVID-related supply chain disruptions in China are likely to exacerbate.   Risk-off Sentiment Drives Downtrend in Crypto and Stocks The market's trading sentiment has shifted to bearish or risk-off, as investors seek to invest in risk-free securities rather than risky assets such as stocks and cryptocurrencies. With an increase in interest rates, companies that use debt financing must pay higher interest rates, reducing their profitability. As a result, investors who want to receive dividends or capital gains tend to sell their securities or stocks on the stock exchange.   Traders redirect their investments to less risky assets such as government bonds and treasury bills. As we recently learned, there is a positive correlation between the global stock markets and cryptocurrency prices. As a result, a drop in the stock market is causing a drop in cryptocurrencies. Check out the KuCoin trading strategies for surviving a cryptocurrency crash.   Fear and Greed Index Signals Extreme Fear, Cryptos on a Downtrend The Crypto fear and greed index analyzes emotions and sentiments from various sources and condenses them into a single number. The Fear & Greed Index for Bitcoin and other major cryptocurrencies is calculated daily. The crypto market sentiment shows a score of 11, indicating a strong bearish sentiment across the investors.   Fear & Greed Index | Source: Alternative   On Monday, the fear and greed index continues to exhibit extreme fear, indicating a bearish bias among cryptocurrency traders is getting weaker. Extreme fear can indicate over-anxious investors. It could be a good time to buy as cryptocurrency markets are in an oversold zone. So, look for buying positions as the bulls may enter soon.   Bitcoin (BTC/USDT) Analysis on KuCoin Chart Bitcoin is trading at $33,600, with a strong bearish bias. On the daily timeframe, the BTC/USDT is heading south to retest the major support level of $32,990. Since the BTC/USDT has formed a bearish engulfing pattern, the odds of a downtrend continuation remain pretty high.   Furthermore, the candlestick pattern "Three Black Crows" also signaled a solid bearish trend. The RSI and MACD are holding under 50 and 0, respectively, indicating a selling trend. Hence, a downward breakout of the 32,990 support level exposes the BTC/USDT price towards the $29,050 level.   BTC/USDT Chart on the Daily Timeframe | Source: KuCoin   On the upside, the leading cryptocurrency, Bitcoin’s immediate resistance stays at the $37,400 level. A spike in demand, and a slice through the $37,400 level exposes Bitcoin towards $40,000 or $42,600 levels.   Did you know that KuCoin offers premium TradingView charts to all its clients? With this, you can step up your Bitcoin technical analysis and easily identify various crypto chart patterns.       Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange Download KuCoin App >>> https://www.kucoin.com/download Also, Subscribe to our Youtube Channel >>>Listen to 60s Podcast Source: KuCoin
Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra -  Leading Decentralised And Open-Source Public Blockchain Protocol

Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol

Rebecca Duthie Rebecca Duthie 11.05.2022 12:37
Summary A look into Terra (UST) coin. Luna and Terra coins. Advantages of holding Terra coin. Past present and future prices. Read next: Making Interest On Crypto Holdings!? Aqru: Cryptocurrency Staking Platform  Terra is a public blockchain protocol. Terra is a public blockchain protocol that deploys a suite of algorithmic decentralised stablecoins which underpin a thriving ecosystem which brings decentralised finance to a large number of users. Terra assets are supported by leading blockchains. Stablecoins are coins whose value is pegged to a cryptocurrency, fiat currency or to exchange-traded commodities. Terra USD was created in January 2018 and was launched in late 2021. Terra has a market cap of $4.391 Billion, a circulating supply of 407.49 million with no maximum supply. Terra is the leader of decentralised and open-source publics blockchain protocol for algorithmic stablecoins Terra is the leading decentralised and open-source public blockchain protocol for algorithmic stablecoins. The protocol uses a combination of open market arbitrage, incentives and decentralised oracle voting. With this combination, Terra makes stablecoins that track the price of any fiat currency. Read next: (USDC) USD Coin, What Is It And How Does It Work? - Important Altcoins !| FXMAG.COM The Terra ecosystem is a rapidly expanding network of decentralised applications, creating a demand for Terra and pushing Lunas price up. Terra is an industry-leading decentralised stablecoin reflected by $USDT. It has a vibrant Smart Contracts platform. Terra has a thriving cross-chain DeFi environment. Terra is built on the Cosmos SDK & Tendermint consensus. Terra and Luna: the 2 main coins of the protocol. Luna is Terra’s native staking coin which absorbs the Terras price volatility. Luna is used for mining and governance. Users stake Luna coins to validators who then record and verify transactions on the blockchain in exchange for rewards from transaction fees. The more Terra is used the more Luna is worth. Luna provides its holders with staking rewards and governance power. Terra stablecoins track the price of fiat currencies: Users make new Terra coins by burning Luna. Terra and Luna are always tradeable at a 1:1. 1 USD can be traded for 1 UST. Stablecoins and Terra: The main feature of the Terra protocol is its stablecoins, the TerraUSD coin can be used like fiat currency with added blockchain benefits: lower fees, faster settlement processing times, instant transactions and unchangeable public ledger. If stablecoins maintain their price pegs they are considered valuable. Terra protocol determines the price of the Terra coin using the basic markerket forces of supply and demand - when demand is high, supply is low and therefore the price increases. The protocol keeps the price stable by ensuring supply and demand is balanced. Terra protocols algorithmic market module helps to keep the price stable, which incentivises the burning of Terra through arbitrage opportunities. Arbitrage refers to the making of money on an asset through price differentials between markets. Scalability of Terra: Terras protocol is scalable, which is designed to maintain Terras price stability regardless of volatility, demand or market size. Scalability refers to the ability of Terra’s protocol to receive a large influx of transactions at a time. Terra offers rewards for holding the coin Terras protocol incentivises validators and delegators with staking rewards, in the form of gas and swap fees Gas: to avoid spamming, fees are computed onto each transaction. Validators have the power to add minimum gas prices and reject transactions that have implied gas prices below their set level of. Swap fees: tobin tax refers to the fee for swapping Terra UST stable denominations. Spread fees refer to the price discrepancy between Terra and Luna. The swap fees are directed to the Oracle reward pool, which are then distributed over two years to validators who faithfully report correct Oracle prices. Advantages of holding Terra UST There are many advantages of holding Terra coin, it is decentralised and permissionless which makes it ideal for the economy. Interoperability: this means it is able to run on multiple chains. Terra is live on Ethereum and Solana with plans of expansion in the future. Programmable: development focused agenda, which allows programmers to build smart contracts in Rust, Go and Assemblyscript. Oracles are off-chain sensors that have the ability to communicate data to-and-from the blockchain. Streamlined Financial: Terra aims to reduce or completely remove the need for credit card networks, banks and payment getaways with a single blockchain layer. The Sustainability Of Terra Terras coin uses a proof-of-stake model, which means validators verify transactions based on the number of coins they hold. Proof-of-stake models are less energy intensive than some competing models. Past, present and future price movements Terras price has been stable in the past thanks to its market module based on supply and demand. However, investor fears around the general state of the market has been causing the crypto market to see sufficient drops in prices. Investors see the future price of Terra to see substantial increases in the future when markets start to normalise. Terra USD Price Chart Read next: What Is (DYDX)? dYdX Cryptocurrency Supporting Perpetual Trading - Altcoins of Interest  Sources: coinwut.com, finance.yahoo.com, terra.money, securities.io, investorplace.com
(UST) Terra Luna crashes and further shakes confidence in the entire crypto market

(UST) Terra Luna crashes and further shakes confidence in the entire crypto market

Walid Koudmani Walid Koudmani 12.05.2022 15:35
Terra Luna Crashes The recent crash of one of the most well known cryptocurrencies has added to the widespread panic that has been surrounding the risky asset class. The fall started while the company's stable coin, UST, was unable to maintain its parity with the USD and quickly tumbled as more investors opted to save whatever they had left and exit their positions. While Terra Luna is not the only crypto to be dropping significantly in the last few days, with the entire top 100 down around 30-50% and market cap falling to $1,19 Trillion, it is certainly one of the most prominent examples seen to date of a complete collapse. This event has deeply shaken investor confidence in the asset class and has even led to the most prominent stable coin , USDT losing its 1:1 ratio with the USD. As the situation continues to evolve it seems like this could be the beginning of a significant realignment in the crypto industry as investors either exit their positions or re-evaluate them in search of some sort of a safe haven amid a widespread crash. It is important to note though that the majority of risk-on assets have been deeply impacted by worsening global economic conditions and central bank policies so while this situation is not exclusive to crypto's it is certainly most prominent with them. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM UK GDP report disappoints and pressures GBP and FTSE100 The UK GDP report was released at 7:00 am BST and turned out to be a huge disappointment with the report showing a 0.8% QoQ expansion in Q1 2022 while the market expected an expansion of 1% QoQ. However, March's monthly GDP reading was the biggest disappointment with the monthly reading which was expected to show a 0.1% expansion from February levels and instead showing a 0.1% MoM contraction. March was the first full month since the beginning of the Russia-Ukraine conflict and could be seen as a potential sign of economic difficulties to come. Investors reacted negatively to this news with both the British Pound and FTSE100 taking a hit as the global sentiment continues to shift more towards risk-off   Furthermore, the Bank of England warned that tightening and current geopolitical developments are likely to push the UK economy into recession. Investors reacted negatively to this news with both the British Pound and FTSE100 taking a hit as the global sentiment continues to shift more towards risk-off. Read next: Tech Stocks Plunging!? Trade Desk Earnings Announcement Pushes Tech Giant Stock Down, Russian Ruble Strengthening and Ford Motor Co. 
Video By Swissquote - Crypto: Let's Discover News About AAVE, Bitcoin, Cardano And Ethereum

Stablecoins losing stability – is Tether losing its peg too? | Saxo Bank

Saxo Bank Saxo Bank 12.05.2022 16:15
Summary:  Over the past couple of days, UST, one of the major crypto stablecoins, completely lost its peg with the US dollar, and today the biggest stablecoin, Tether, has shown signs of a similar trend. In this article, we zoom in on the difference between three of the biggest stablecoins and discuss the potential impact that de-pegging may have on the general crypto market. - co-written by Mads Eberhardt, Cryptocurrency Analyst Stablecoins are crypto tokens that have their value pegged to another currency or asset. The most popular stablecoins are USDT (Tether), USDC, and UST (Terra), which all are created to have the value of $1. Apart from providing crypto traders with a store-of-value within the crypto space linked to fiat currencies, stablecoins play important roles in many of the decentralized applications build on blockchain technology and cryptocurrencies. Read next: Saxo Bank: Markets are assessing the global growth outlook and the pace of Fed tightening| FXMAG.COM The crash of the Terra stablecoin in the beginning of the week has shaken the crypto markets, and UST is currently trading at $0.60 - way below $1.00. This morning the contagion spread to the rest of the stablecoin space with USDT dropping as low as $0.96, however bouncing back to $0.99 this afternoon. It should be noted that other stablecoins are trading above $1.00 as they seem to be receiving value from some of the unpopular stablecoins. Source: Coinmarketcap.com Stablecoin collateral To understand why the stablecoins are suddenly not stable anymore, it is crucial to understand the collateral type for the different stablecoins. We focus on the three mentioned above. Terra (UST) relies on a swap function to maintain its peg through an associated crypto token, LUNA, as 1 UST can always be swapped for $1 worth of LUNA. We elaborate more in the appendix below. But in short, UST is not collateralized by anything other than the market’s belief that LUNA will always have value to some and thus always have interested buyers, and this belief is anyway closely related to the value they see in UST. This belief from the market in LUNA is exactly what is missing right now, disabling the pegging mechanism. During Terra’s recent rally, many also criticized Terra for basically being non-collateralized due to this structure, as it does not have any backing in physical assets. Read next: Philip Morris Buys Match, Fed Members Spills The Tea And Gold Price Nears Quite Low Values | Saxo Bank| FXMAG.COM The second-largest stablecoin USDC is, however, backed 100 % by reserves in cash and cash equivalents such as short-term highly liquid investments. This is fundamentally different from the collateral in UST, and USDC is thus seen as a much more stable peg to the US dollar. The largest stablecoin, Tether, does reportedly have around 85% of its reserves in cash and cash equivalents and the rest in other assets such as corporate bonds and other digital tokens. However, Tether has earlier faced controversies when it comes to transparency around its dollar reserves, so the market has for years questioned what assets its reserve consists of and whether Tether in reality keeps full reserve to back its stablecoin. These controversies are likely what is driving stablecoin investors away from USDT, as the event of UST has refreshed the market’s memory of Tether’s lack of transparency with respect to its reserve. The sell-off in USDT this morning occurred even after the CTO of Tether posted on Twitter that they were continuing to honor USDT redemptions at $1 and that the redemption of more than $300mn has been carried out over the past 24 hours. And as it looks for now, Tether is making a comeback towards the $1.00 level. Regulators may become more harsh The whole narrative of Bitcoin and especially stablecoins is now heavily under pressure, although it is important to emphasize that not all stablecoins are currently under pressure – only those where investors doubt the collateral mechanism. But it is not only investors, who are worried. Regulators and policymakers are still working on national and international regulations for the cryptocurrency space, and fear is now that the regulatory framework will be even more strict, and it could limit some of the existing use-cases for cryptocurrencies. In case potential applications for cryptocurrencies are constrained, the sentiment will likely go down as well. Appendix - Additional reading for those interested in the Terra: Terra had over $18bn worth of stablecoin issued prior to the bank run of its stablecoin. For Terra, there are two tokens. Its stablecoin called TerraUSD (UST) and LUNA. LUNA has no value other than the fact that you can always create and redeem 1 TerraUSD (intended to be worth $1) for $1 worth of LUNA and vice versa. When you create TerraUSD, the LUNA is burnt and TerraUSD is created. When you redeem TerraUSD, it is burnt and LUNA is created. Since you are paying or receiving $1 worth of LUNA for every TerraUSD you create or redeem, people are intended to arbitrage, so TerraUSD is as close to $1 at all times. For instance, let us say TerraUSD falls to $0.95. By buying TerraUSD at $0.95, you can technically redeem it for $1 worth of LUNA, selling it for fiat and earning 5 cents. As mentioned above, TerraUSD is not collateralized by anything other than the market’s belief that LUNA will always have somewhat of a value, which belief is anyway closely related to TerraUSD. Since Terra started gaining momentum last year, people have criticized this structure, as it is basically non-collateralized. The Terra foundation responded by buying $1.5bn worth of Bitcoins at the beginning of this year to show some collateralization. This means that Terra was suddenly solely around 10% collateralized in another highly volatile asset and due to the fact that the foundation controlled the small collateralization there was, Terra was suddenly not that decentralized. Over the weekend, some traders started selling a lot of TerraUSD to un-peg it from the dollar, among some other things. When the un-peg occurred, people started to redeem TerraUSD for $1 worth of LUNA and sell LUNA to fiat to cover their position. This LUNA is created by new and when dumped on the market, the price of LUNA plunges. When the next redeems TerraUSD for LUNA, they need to get credited by even more LUNA. Suddenly not only TerraUSD holders are pushing the LUNA price down, but other traders see it and go short LUNA, pushing the price further down. Now, you have the death spiral. LUNA plunges even more, while more and more LUNA is needed to be issued to redeem one additional TerraUSD. At the same time, there is a cap on how many can redeem TerraUSD to $1 worth of LUNA per hour. People that cannot redeem it start to get nervous and dumps TerraUSD directly to USD or other assets on exchanges, de-pegging it further from $1. As this happens, few want to do arbitrage, because they cannot instantly redeem it for LUNA and sell it for fiat since there is a maximum the protocol can redeem per hour. LUNA's supply has increased 20-fold in the past few days from around 346mn to 7.1bn LUNA to redeem some of its TerraUSD supply. At the same time, its market capitalization has plunged by over 99%. LUNA currently has a market capitalization of $138mn, but technically it still needs to redeem 12bn TerraUSD for $1 each. This means that LUNA is going through hyperinflation, if it will be possible to redeem every UST at all since there is close to no demand for LUNA. Source: Saxo Bank
Ripple (XRP) Moved Up But Bearish Scenario Has Not Been Cancelled Yet

Altcoins: Where Ripple (XRP) Price Could Bottom And How To Reenter The Market

FXStreet News FXStreet News 12.05.2022 16:35
XRP price is hovering around the $0.395 weekly support level, trying to discern the directional bias. A breakdown of this barrier could knock Ripple by 50% to the volume point of control at $0.186. If buyers manage to recover above the $0.621 barrier, it will invalidate the bearish thesis. XRP price shows an interesting outlook as it crashes below multiple support levels on a weekly time frame. This bearish outlook is inescapable as the LUNA-UST kingdom collapses. The domino effect is not just felt by BTC but also by the entire ecosystem. Despite the brutality witnessed over the past week, more could be around the corner, which could drive Ripple further down. XRP price at make or break levels XRP price has been producing lower highs since April 12 swing high at $1.96, with the swing lows forming a base around the $0.621 support level. This consolidation was seen for over a year before a decisive breakdown was seen in the second week of May. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM Since then, XRP price has crashed 32% to where it currently trades at $0.382. The massive downturn comes as the entire crypto market is in a selling frenzy after the 98% crash in LUNA price due to the instability of the UST peg. While the $0.395 weekly support level seems to have it under control, things are not as simple as they seem from the outside. As Bitcoin hovers around $28,200, the chances of a relief rally are high, especially since it has dipped into most of the 2021 liquidity pools. However, a further descent in the big crypto’s market value will cause XRP price to shatter the aforementioned support level. The remittance token could then crash by 53% to retest the volume point of control at $0.186 for the price action since 2017. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM This point is where the highest volume for XRP price was traded since 2017, making it a critical inflection point. Thus, the $0.186 level will likely serve as stable support and see accumulation come into the picture. Regardless, the point still stands – a 50% crash is on the cards for XRP price if it fails to hold above the $0.395 foothold. XRP/USD 1-week chart Further representing the grim and oversold nature of XRP price is the 365-day Market Value to Realized Value (MVRV). This on-chain metric determines the average profit/loss of investors that purchased XRP over the past year. A negative value indicates that the market participants are at a loss and are less likely to sell, representing an opportunity to accumulate for long-term holders. Historical data notes that the recent sell-off for XRP price puts the 365-day MVRV at -53%. These levels were last seen in October 2015, when Ripple was hovering around $0.0046. This outlook represents the massively unprecedented sell-off and, from a long-term perspective, could be a good place to accumulate. Still, a further crash in Bitcoin price could completely annihilate the current support level and knock the remittance token down by 50% XRP 365-day MVRV It is worth noting that if the bulls manage to kick-start a recovery at $0.395, pushing Ripple toward $0.621, it may encourage sidelined investors to reenter the market. Under these conditions, buyers would have to push XRP price above the $0.621 barrier on a weekly chart to invalidate the bearish thesis. This development could propel the remittance token to sweep the $0.917 equal highs formed on February 7 and March 28.  
(TRX) TRON USD Decentralised Blockchain Platform That Focuses On Entertainment And Content Sharing. Altcoins: A Deep Look Into The TRON Network

(TRX) TRON USD Decentralised Blockchain Platform That Focuses On Entertainment And Content Sharing. Altcoins: A Deep Look Into The TRON Network

Rebecca Duthie Rebecca Duthie 13.05.2022 11:41
Summary: What is TRON and How does it work? Advantages of TRON Past, Present and Future prices of TRON TRON is a decentralised, open-sourced blockchain-based operating system TRON is a decentralised, open-sourced blockchain-based operating system which has smart contract functionality and a delegated proof-of-stake principle as its consensus algorithm. The native cryptocurrency for TRON is Tronix (TRX). The TRON blockchain was launched in 2017. The maximum supply of TRX is 100 billion, 98.2 billion tokens in circulation and around $6.8 billion market capitalization. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM The TRON project is a decentralised blockchain platform that focuses on entertainment and content sharing. TRX TRON cryptocurrency platform uses a transaction model that is similar to Bitcoin. Transactions take place in a public ledger, where users are able to track the operations history. The TRON platform was created to decentralise the internet and serves as a tool for developers to create decentralised applications (dApps), this acts as an Ethereum alternative. The creation of decentralised applications and creating content on the TRON network is available to anybody. The data hosted on the TRON network is free, with no central authority. Content creators receive TRX tokens in return for their intellectual labour. TRON network also makes decentralised games whereby players can encourage and reward content creators with digital assets directly. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM There is a tri-layers architectural system embedded in TRON There are 3 levels to the TRON network, all of which support the smooth and powerful TRON network operation. Storage layer, this layer is where blockchain state, history data and network data is stored securely. In general the purpose of this layer is to segment all kinds of ecosystem data. Application layer, this layer is where the developers are the key people, and where TRX is used to create wallets and develop applications. Core layer, this layer is where instructions are developed (Java and Solidity are the only two accepted programming languages for this layer). Principle of operation; this layer computes instructions, processes them and then sends them to the Tron Virtual Machine, which is where dApps are executed and where the logic happens. The main protection tool for the TRON network is the delegated proof-of-stake (dPoS) system This delegated proof-of-stake is an alternative to the proof-of-stake (PoS) and proof-of-work (PoW) consensus algorithms. The delegated proof-of-stake system is a competitive advantage for the TRON network as it makes it much more energy efficient. In addition, the tri-layered architecture system processes more transactions at a time than the proof-of-work system. Read next: (BTC) Bitcoin’s Price Tanks Along With Equities. U.S. Stock Market Awaits CPI Report, Poor Performance From The FTSE 100. TRONs development team has a higher throughput and is able to process up to 2000 operations without fees, therefore, the network transactions are without fees. TRON Super Representatives (SR): On the TRON network, all TRX token holders can apply to be SR candidates and any TRX holder can vote for these SR candidates. JustLend lending platform: JustLend is TRONs first official lending platform, the lending platform interest rates of its fund pools are determined by an algorithm based on TRONs asset supply and demand. JustLend aims to build a decentralised lending protocol and hopefully become TRONs first official algorithm-powered decentralised bank. TRON advantages: The ability for content creators to create content and share it openly and without hesitation regarding transaction fees. High throughput: this is done by improving the TPS in TRON, which has now surpassed both Bitcoin and Ethereum to a daily use practical degree. High scalability: due to the high scalability and highly effective smart contracts, applications developed on the TRON network are given a wider variety of ways to be deployed. The TRON network can support very large numbers of users. High availability: the network structure is very reliable along with the user asset, the intrinsic value and higher degree of decentralisation consensus come with an improved rewards distribution system. TRON goals: Deliver simple distributed file sharing. Financial rewards to drive content creation. Decentralising the gaming industry. Content creators can launch their own personal tokens. Where to buy TRX: The TRX token is available on many exchanges such as; Binance, Bancor, Poloniex and more. Past, Present and Future Prices In general the cryptocurrency market is volatile, in the graph below we see that the TRX token has experienced the price volatility of the market. There was an initial jump in price when TRX went to the market, but then the price fell to normal levels again. The price of TRX has, on average, been on the rise since July 2021. In the current market environment, the price of TRX has not seen any stability as market participants turn to safer investments during the time of uncertainty. The price of TRX is expected to rise in the future. TRX Price Chart Sources: finance.yahoo.com, tron.network, tronscan.org, coinmarketcap.com, coinbase.com
Stablecoins: Acala (aUSD) - What Is It? Unlike Other Stablecoins, aUSD Is Completely Decentralized | KuCoin

Stablecoins: Acala (aUSD) - What Is It? Unlike Other Stablecoins, aUSD Is Completely Decentralized | KuCoin

Kucoin Blog Kucoin Blog 13.05.2022 15:42
Table of Contents · What is Acala (aUSD)? · How does Acala (aUSD) work? · What makes Acala (aUSD) unique? · Who created Acala (aUSD)? · Closing thoughts Since its launch over a decade ago, the cryptocurrency industry has evolved to become an integral part of the financial space. The nascent sector promises to deliver an open-source future that boasts decentralization, evenly distributed power, more transparency, and less trust. However, the sector faces multiple issues that currently inhibit it from making good on its promise. One of the most significant pain points in the crypto industry is extreme volatility, which causes wild price swings in digital asset prices. This shortcoming makes it nearly impossible to use cryptocurrencies as a medium of exchange. Hoping to address this issue, developers created stablecoins, which are pegged to a fiat currency in the ratio of 1:1. By acting as a volatility hedge, stablecoins quickly attained mass adoption in the crypto space despite their non-speculative nature. Nonetheless, most stablecoins run on a single blockchain network. As a result, their adoption is capped, seeing as the assets that serve as stablecoin collateral are limited. After realizing that cross-chain communication in blockchain technology serves the same role as the internet in an intranet setup, Acala sought to address the collateral issue by offering a stablecoin protocol that serves as the building block of decentralized finance (DeFi) in the Polkadot. Acala chose to build its stablecoin protocol on Polkadot because it powers public, consortium, and private blockchains. This feature enables true interoperability as well as economic and transactional scalability. Watch the Acala (aUSD) Deep Dive Video and Subscribe to the KuCoin YouTube channel: https://youtu.be/__t4RnDA-Zs How Does Acala (aUSD) Work? The Acala cross-chain stablecoin network seeks to develop a stable currency that enables low-cost borderless value transfers for all blockchains that are connected in a network. To increase the collateral supply, the protocol allows the use of assets on Polkadot or any other connected blockchain. By leveraging Polkadot’s shared security system, Acala aims to offer the highest security. The protocol also plans to achieve censorship resistance through its consortium setup and token release model. Additionally, Acala seeks to use its specialized blockchain network to set up a customized fee schedule while maintaining high security. The Acala protocol also plans to become a futureproof network that features forkless and non-disruptive upgrades. To achieve this, Acala intends to leverage on-chain governance. With most crypto platforms facing liquidity issues for staked assets, Acala leverages the Homa protocol, Which establishes a non-custodial trustless and cross-chain staking pool, where users stake their token and receive a L-Token (e.g. stake DOT and receive LDOT) that represents the principle staked asset plus the staking yield continuously accruing. L-Token are tradeable and liquid across all chains on the Polkadot & Kusama ecosystem. They are also redeemable for the underlying asset. What Makes Acala (aUSD) Unique? Acala features a multi-collateral-backed cryptocurrency dubbed the Acala Dollar Stablecoin (aUSD). This cryptocurrency is pegged to the US dollar in a 1:1 ratio. Unlike other stablecoins, aUSD is completely decentralized. The aUSD stablecoin can be created from blockchain assets connected to the Polkadot network. Anyone that owns Acala-supported cryptocurrencies can use them to create aUSD by creating a Collateralized Debt Position (CDP) through the Honzon protocol. The Honzon protocol is a dynamic ecosystem of CDPs. Alternatively, users can acquire aUSD tokens by buying the tokens from brokers or exchanges. The aUSD stablecoin can be used on any blockchain connected to Polkadot. Applications on the chains can also leverage aUSD. To maintain aUSD’s stability, Acala combines an automatic risk management algorithm within the Honzon protocol and community governance. The Acala network features a governance token dubbed ACA. This token has three use cases. ACA’s first application is serving as a network utility token. Acala users need ACA to pay transaction fees, scalability fees (interest rate on loans taken on aUSD), and penalty fees in the event of liquidation. ACA holders can propose network upgrades and risk level adjustments, which the elected on-chain General Council can either approve or turn down. It is worth noting that holding ACA does not entitle Acala users to any returns the network generates. The final use case of the ACA token in solving contingencies. In the event of a sudden plunge in the price of a collateral asset, the Acala system will liquidate and sell ACA tokens automatically to prevent the under-collateralization of CDPs. Who Created Acala (aUSD)? Four individuals, namely Betty Chen, 0xThreeBody, Ruitao Su, and Bryan Chen, co-founded Acala. Before Acala, Betty co-founded Laminar and served as its COO. She is also the co-founder of Flowingo. Ruitao also co-founded Laminar and served as its CEO. Additionally, Ruitao founded Less Code Limited. Bryan previously served as the CTO at Laminar and is a Polkadot ambassador. The Acala team also comprises Dan Reecer as its Chief Growth Officer. He previously worked in the field of Web 3 and promoted the launch of @Polkadot and @Kusama Network. Closing thoughts By functioning as a decentralized stablecoin protocol, Acala positions itself as a revolutionary protocol that helps unlock the true potential of the crypto industry. Through aUSD, the Acala network helps minimize the crypto sector’s volatility, allowing for more adoption and use in DeFi. Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange_New Subscribe YouTube Channel >>> https://www.youtube.com/KuCoinExchange Download KuCoin App >>> https://www.kucoin.com/download Source: KuCoin
Altcoins: Freschcut (FCD) - What Is It? How Does It Work? | KuCoin

Altcoins: Freschcut (FCD) - What Is It? How Does It Work? | KuCoin

Kucoin Blog Kucoin Blog 14.05.2022 13:27
Table of Contents · What is FreshCut (FCD)? · How doesFreshCut (FCD) work? · What makes FreshCut (FCD) unique? · Who created FreshCut (FCD)? · Closing thoughts Apart from taking the largest share of the revenue generated, the web2 industry does not have a dedicated home for gaming content The social media industry is rapidly growing as the world transitions into a digital era. At the moment, the industry rakes in North of $120 billion. However, the sector has been leeching on free content from creators and free engagement from fans and members. Although the sector relies heavily on creators and fans, they get little or no share. Apart from taking the largest share of the revenue generated, the web2 industry does not have a dedicated home for gaming content. The gaming industry is spread across multiple platforms that are not designed to handle short-form or gaming content. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM For instance, in 2020, there were 87 million gaming content channels on YouTube and Twitch. By factoring in short-form platforms like TikTok, Instagram, and Reddit, this number rose sharply to hit hundreds of millions. While this industry has been growing at a 40% rate year-over-year for the past three years, creators continue to suffer under the tyranny of social-video platforms. For instance, Instagram creators got nothing despite having millions of followers and fan engagement. On the other hand, TikTok creators are making single-digit dollars. Additionally, revenue share economies take rates ranging from 30% to 50%. Hoping to address these issues, FreshCut launched as a web3 gaming content platform and community for fans and creators. The platform seeks to host the freshest video moments in the gaming community. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM To achieve and sustain this moment, FreshCut intends to empower fans and creators to share the best moments in gaming. Additionally, the platform intends to fairly compensate fans and creators in its ecosystem. Watch the FreshCut (FCD) Deep Dive Video and Subscribe to the KuCoin YouTube channel: https://youtu.be/r2IVxLnF2Kc How Does FreshCut (FCD) Work? FreshCut focuses on disrupting the web2 standards in the social-video industry and shaping the sector’s future. The platform seeks to achieve this by sharing value back to creators and fans, who play a vital role in building and maintaining a healthy, fun, and engaging community. The FreshCut ecosystem features a token dubbed FreshCut Diamonds (FCD). FCD is an ERC-20 community token that runs on Polygon, an Ethereum sidechain scaling solution. Fans and creators can earn it in multiple ways, including community membership, engaging with the platform, and patronage/tipping. Read next: Stablecoins: Acala (aUSD) - What Is It? Unlike Other Stablecoins, aUSD Is Completely Decentralized | KuCoin| FXMAG.COM The FreshCut platform has integrated Engage-and-Earn and Create-and-Earn mechanisms. Additionally, the platform aims to add a patronage product, which returns 90% of the value to creators. Unlike other profit-oriented organizations, FreshCut allocates the remaining 10% to its community treasury. At the moment, creators can earn the FCD token through the Engage-and-Earn and Create-and-Earn mechanics through the FreshCut mobile app or Discord community. Fans that hold FCD can tip creators for their content. In the future, FreshCut aims to introduce an option to purchase digital collectibles, which it will co-create with creators on the platform. FCD holders will also get membership benefits within the FreshCut ecosystem and contribute to the platform’s governance through FreshCut DAO. What Makes FreshCut (FCD) Unique? Unlike web2 social-video platforms, FreshCut enables active content creators that contribute back to the community to earn regular FCD rewards. The platform will only distribute these rewards to creators who complete tasks. Creator tasks include publishing video content, fostering viewership and fan engagement, sharing video content, engaging fans through FreshCut, participating in events like tournaments, as well as creating and organizing sanctioned FreshCut events for fans and community members. Through the Engage-and-Earn mechanism, FreshCut allows fans that contribute to its discord channel to earn rewards. Tasks that creators need to complete to earn FCD include watching videos, engaging with creators, sharing and promoting creator content, and participating in community events. After earning FCD, fans can use their holdings to tip creators, get access to events, and earn exclusive drops. Additionally, they can qualify for community membership and/or creator benefits. Benefits include getting exclusive FreshCut merchandise, gaining access to FreshCut events and IRL meetups Creators and fans that hold FCD qualify as members. Getting the member status enables users to get perks in the FreshCut app and the platform’s ecosystem. Benefits include getting exclusive FreshCut merchandise, gaining access to FreshCut events and IRL meetups, entry into monthly gaming giveaways, and access to a members-only Discord channel. As development continues, FreshCut aims to team up with strategic advertisers and sponsors to increase the rewards that creators and fans receive. After the project achieves this milestone, FCD holders will enjoy both product and reward opportunities via special campaign activations. Considering FCD runs on Polygon, token holders get fast transaction speeds, low transaction costs, Ethereum’s security, a vibrant and rapidly growing EVM ecosystem, and robust development tools and environment. Who Created FreshCut (FCD)? FreshCut is the brainchild of three individuals: James Kuk, Ben Stueck, and Ernie Le. James serves as the company’s CEO and has more than 10 years of experience in the gaming and creator economy. Before FreshCut, he worked as the Head of Global Business Development & Strategic Partnerships at Twitch. James also worked at Xbox Studios. Ben is FreshCut’s Chief Product Officer. He is a product development officer with vast experience building for gaming creators and their communities at Twitch. Ernie serves as the company’s Chief Content Officer. He previously worked at Twitch and helped the platform’s creator program grow to over 30,000 partners. Ernie also led the Publisher and Developer team at Twitch and is a Forbes 30 under 30 alumni. The rest of the team includes Frank Shotwell as VP of Engineering, Syed Hasnain as Blockchain Engineer, Ken Wattana as the Head of Marketing, Alice Wang as Finance Lead, Kevin McCarthy as Operations Lead, and Derek Hunten as Product Design Lead. FreshCut also has a rich team of advisors, including Twitch co-founder Kevin Lin, Republic Crypto co-founder Bryan Myint, Loot Squad co-founder Bryce Johnson, web3 content creator and YouTube creator Brandon Martyn, Ex Populous Soban Saqib, and Tribe Gaming founder and CEO Patrick Carney. Closing Thoughts By providing tangible value to creators and fans through the Engage-and-Earn and Create-and-Earn mechanisms, FreshCut is well-positioned to revolutionize the social-video industry. The project also helps build and sustain a healthy, engaging, and fun community. Sign up on KuCoin, and start trading today! Follow us on Twitter >>> https://twitter.com/kucoincom Join us on Telegram >>> https://t.me/Kucoin_Exchange_New Subscribe YouTube Channel >>> https://www.youtube.com/KuCoinExchange Download KuCoin App >>> https://www.kucoin.com/download Source: KuCoin
Bitcoin Price (BTC/USD) Lost $13K Reaching $42K Less Than In November 2021. Ether (ETH) Lost 52% Among April And May's Beginning. Is this not the end of the cryptocurrency bear market? | Geco.one

Bitcoin Price (BTC/USD) Lost $13K Reaching $42K Less Than In November 2021. Ether (ETH) Lost 52% Among April And May's Beginning. Is this not the end of the cryptocurrency bear market? | Geco.one

Geco One Geco One 16.05.2022 15:12
Between 5 and 12 May 2022, Bitcoin fell by over $13,000, i.e. over 33%. It increased Bitcoin depreciation which started on 28 March, to over $21,000, i.e. 44%. In turn, counting from the peaks of November 2021, BTC decreased by over $42,000, i.e. 61%. Such a significant sale caused the exchange of the oldest virtual currency to drop from $69,000 to below $27,000, which was the lowest level since December 2020. It is noteworthy that this trend did not stop around the critical level of support of $29,000, where various types of demand reactions have occurred many times in the past. However, considering that the demand reaction that appeared last weekend was much more modest than the previous ones around this support, it seems highly probable that it will be only a temporary correction, after which the BTC rate will return to losing value. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM If this sell-off leads to a sustained drop below $24,000, we will have to prepare for a further depreciation towards $24,000 or even below $20,000. The current situation on the Ethereum quotes is also identical. The price of this cryptocurrency fell between 3 April and 12 May this year by 52%, dropping to the Tech Support area of $1,750, the lowest level since July 2021. The demand reaction that appeared last weekend was much more modest than the rebound observed in this region in May, June and July 2021. We assume that it will be only a correction, after which ETH will return to around $1,750. A permanent drop below this price level could open the door for further declines to $1,400 — around this price is another significant support around which we could expect a greater demand response. Solana (SOL) Loses Ca. 77% Looking at the Solana quotes, we notice that the price of this cryptocurrency fell between 2 April and 12 May this year by almost 77%, dropping to the area of technical support of $37, which was the lowest level since August 2021. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM In the second half of last week, the demand reaction appeared. Although it could signal a potential rebound towards the previously defeated support (now resistance) of $78, taking into account the general pessimism currently observed in the broad cryptocurrency market, it seems that the increases can end much earlier. The SOL rate could return to around $37 or even fall below this support if this happens. It would indicate a potential for further depreciation towards $23. The current situation on the Cardano quotes is also very interesting. The price fell between 4 April and 12 May this year by 69%, dropping to the area of technical support of $0.40, which was the lowest level since the beginning of February 2021. It is where the demand response appeared, and if the several-day increases continued, the ADA rate could even return to the area of previously defeated support (now resistance) of $0.75. However, there are many indications that this rebound will ultimately turn out to be only a correction, after which Cardano’s quotations will return to the area of $0.40, or they will drop even lower. Start your trading adventure with Geco.one
LFG Has Not Created Any New Wallets| Do Kwon  On The Interpol Wanted List

Can Terra’s LUNA recover and reach $120 again?

FXStreet News FXStreet News 16.05.2022 16:09
LUNA price plummets nearly 38% despite a 200% increase in trade volume. Do Kwon, CEO of Terraform Labs, has written a proposal to fork LUNA to a new chain with a cap of 1 billion coins. Binance CEO CZ believes Do Kwon’s plan to save LUNA will not work as forking does not add value to the new fork. Do Kwon’s proposal to fork Terra’s LUNA to a new chain has received criticism from Binance CEO and cryptocurrency proponents. The Luna Foundation Guard has spent $3 billion stabilizing TerraUSD’s peg, however, UST has failed to recover. Terra’s LUNA struggles to recover despite forking plan The Luna Foundation Guard has spent billions of dollars reinstating TerraUSD’s (UST) peg. However, UST price is struggling to make a comeback. At the time of writing, UST is priced at $0.082, 91.8% lower than its $1 peg. Do Kwon, the CEO of Terraform Labs, came up with a recovery plan for Terra’s tokens. The Luna Foundation Guard Council proposed forking LUNA to a new chain, using a snapshot from before the attack on the blockchain. The recovery plan proposes a cap of 1 billion coins, where 900 million tokens of the new chain are set aside to be returned to LUNA and UST holders from before the de-pegging event and chain hold, and the last 100 million tranche is to be staked at the network genesis state. Proponents criticize Do Kwon’s plan for LUNA recovery Changpeng Zhao, CEO of the world’s largest cryptocurrency exchange, Binance, critiqued Do Kwon’s recovery plans and revealed that he does not believe that LUNA can recover and make a comeback to $120. Zhao stated that, This won’t work. – forking does not give the new fork any value. That’s wishful thinking. – one cannot void all transactions after an old snapshot, both on-chain and off-chain (exchanges). On behalf of Binance, CZ asked the Terra team to compensate retail users first and supported the prioritization of the smallest wallets with UST deposits on Anchor. Binance has nearly $1.6 billion tied up in LUNA’s collapse. Kwon has requested community members for patience as Terraform Labs works on multiple tasks to stabilize UST, repeg it and drive a recovery in LUNA. Still, the CEO of CryptoQuant revealed that market maker(s), including the ones hired by LFG, sent 84,000 BTC, equivalent to $2.5 billion, to multiple exchanges last week. It is unclear whether the BTC tokens were sold, but it is likely that Coinbase digested a majority of the selling pressure and efforts to recover algorithmic stablecoin UST failed. Larry Cermak, VP of research at IntoTheBlock, pointed out that LFG has gone from $3.1 billion in its reserves a week ago to $87 million now as the non-profit organization spent nearly $3 billion on defending UST’s peg. Despite the efforts, the stablecoin collapsed. VisionPulseTrades evaluated LUNA price trend and revealed that if the bottom is in, LUNA needs to gain confidence among investors to begin a trend reversal. If so, the next bullish target for is capped between $0.00025 and $0.00033. A recovery to $120 is therefore unlikely for LUNA, as VisionPulseTrades emphasizes the demand for the token comes from investors expecting a recovery and a purchase of Terra by the LFG. Terra LUNA's collapse dragged the whole crypto market After Terra LUNA's implosion, most crypto assets suffered heavy losses. What's next for Bitcoin?
Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!?

Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!?

Rebecca Duthie Rebecca Duthie 16.05.2022 18:54
Summary: What is Monero and how does it work? Advantages of Monero Past, present and future prices of Monero Background of Monero Cryptocurrency Launched in 2014, Monero is a privacy-orientated and open-source cryptocurrency. Its blockchain is not transparent, this makes every transaction untraceable and maintains the users’ anonymity. Its privacy makes Monero an attractive tool to use for illicit activities on the dark web. Moneros token is represented by “XMR”. It has a current circulating supply of over 18 million tokens, with an unlimited supply and a current market capitalisation of more than $3.1 billion. Investors are able to mine their own tokens Investors are able to mine Monero using their own CPUs, which means paying for special hardware is not necessary. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM Moneros mining concept is based on the belief that every person using the platform is equal and therefore, deserves equal opportunities. When the blockchain was launched, the developers did not keep any stake for themselves, but they did bank on contributions and community support to further develop the virtual currency. Monero is the leading cryptocurrency that is focused on privacy Monero is currently the number one cryptocurrency that is focused on private and censorship-resistant transactions. Unlike major crypto platforms such as Bitcoin and Ethereum who have transparent and traceable blockchains, Moneros platform prioritises privacy by making use of privacy-enhancing technologies, this way Moneros users remain anonymous. Moneros transactions are untraceable and confidential, the platform is currently the only one whose users anonymity is guaranteed from the start. In order to keep the sender, receiver and transaction amount, the platform makes use of 3 technologies: Stealth Addresses: automatic one-time addresses for every transaction. Ring signatures: a group of cryptographic signatures with at least one real participant, but there is no specific way to know which in the group is the real one as they all appear valid. Ring CT: a way of hiding the amount of money in the Monero transaction. Monero’s fungibility Because there is no transparency in Monero and its untraceability, it is a true fungible currency. Fungible in this context refers t o the property of a currency where two units can be substituted in place of one another. Those who accept Monero transactions do not need to be concerned over tainted or blacklisted coins. Read next: (TRX) TRON USD Decentralised Blockchain Platform That Focuses On Entertainment And Content Sharing. Altcoins: A Deep Look Into The TRON Network | FXMAG.COM Monero is electronic cash that allows fast, inexpensive transactions without borders. With the Monero platform, there are no wire transfer or check clearing fees, no fraudulent chargebacks and no multi day holding periods. Monero is decentralised, therefore there are no constraints by legal jurisdictions and provides safety from capital control. Monero attracts the world's best cryptocurrency researchers and engineering talent Monero attracts the world's best cryptocurrency researchers and engineering talent. Monero leads in the security within cryptocurrencies market, they have a research team who are consistently trying to improve on the technology for the platform. Monero relies on proof-of-working mining, which is an algorithm that provides security to certain cryptocurrencies. proof-of-work also prevents errors in the system regarding double spending which can skew supply. Buying Monero: Either buying the currency through an exchange Looking for a seller. Through an automated teller machine (ATM) that is enabled for cryptocurrency purchasing. Is Monero Illegal? Although some aspects of Monero sound as though they are illegal, Monero is infact a legal cryptocurrency. Due to its privacy aspect, the currency is popular on the dark web and is often used for trading on the black market, gambling and purchasing and selling of drugs. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM Advantages of Investing in Monero: Its development is focused on a high security, privacy and anonymity guarantee. Transactions are not link-able in any way to any Monero user. The blockchain does not have a block size limit and is dynamically scalable. Even when the Monero total is mined, 0.6 MXR per block will be created to incentivize miners. It has gained a lot of growth regarding its price. Selective transparency, any user transactions visible to the people they choose to share them with. Past, Present and future prices: Some investors believe that if investors are looking to enter the crypto market, Monero could be a good investment, its token price jumped 231% between August 2020 to August 2021. The growth of Monero during this time period impressed stock markets. Recently, the greater financial markets, including the cryptomarkets have been experiencing volatility across the board. There is hope amongst experts that Monero will continue to grow until the end of 2022, and strengthen even further into the future as well. Some experts predict that by 2030, Monero tokens could be worth over $3000 Monero (XMR) Price Chart Sources: academy.bit2me.com, getmonero.org, finance.yahoo.com, investopedia.com
Crypto Market Crash: Can (BTC/USD) Bitcoin Price Reach Less Than $10K!? Dogecoin (DOGE) Hasn't Fluctuated Much! ETH Has Decreased By 1.2% | FxPro

Crypto Market Crash: Can (BTC/USD) Bitcoin Price Reach Less Than $10K!? Dogecoin (DOGE) Hasn't Fluctuated Much! ETH Has Decreased By 1.2% | FxPro

Alex Kuptsikevich Alex Kuptsikevich 18.05.2022 08:37
Bitcoin has been hovering around the 30K mark for a second day, forcing the rest of the crypto market to balance declines and gains. Ethereum has lost 1.2% in 24 hours but remains near 2,000. Altcoins from the top ten are mostly declining, losing between 0.7% (DogeCoin) and 3.8% (Polkadot). Tron is gaining 1.7% but has been little changed since the end of last week. Total crypto market capitalisation, according to CoinMarketCap, declined 1.1% overnight to $1.29 trillion. Bitcoin’s dominance index remained unchanged at 44.3%. Bitcoin has stalled at the psychologically significant 30K level The Cryptocurrency Fear and Greed Index was up 4 points to 12 by Wednesday and remains in “extreme fear”. The index’s recovery from lows since 2019 is due to a waning selloff but not a market reversal to growth. Bitcoin has stalled at the psychologically significant 30K level and has also lost the momentum of the rebound at the 76.4% Fibonacci line from the downward move from late March to last Thursday’s lows. This is a typical shallow counter-trend correction. The inability of the market to develop the offensive from the current levels would raise the question that the final target for the downtrend would be the 161.8% area of that move, which is near $11.3K. Such a setback would cancel out all upside momentum from October 2020. So far, this scenario looks exceptionally pessimistic and needs to converge the disappointment of crypto-neophytes on top of an actual collapse of the global economy and stock market. Such a dip would leave Bitcoin’s price at only 16% of its peak, which has happened several times in its history. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM However, a significant drop below previous cyclical highs ($20K) would be unusual, although Bitcoin was previously repurchased on similar drawdowns. Perhaps a more cautious scenario would be a dip into the $20-23K area to close the gap at the end of 2020 or a return to the 2017 highs. The realist-optimistic scenario points to the possibility of cautious buying by long-term investors from current levels. Following TerraUSD, another stable coin - DEI - lost its peg to the US dollar However, it does not suggest a new wave of explosive growth, as financial conditions and a return to the area at the start of 2021 are disappointing for those investors who have been buying cryptocurrencies as a way to make a quick buck. Moreover, inflation has weaned 10% off the dollar’s purchasing power over this period. Among the news that caught our eye were: According to CoinShares, institutional investors invested $274 million in crypto funds last week, a record since the start of the year. Following TerraUSD, another stable coin - DEI - lost its peg to the US dollar. According to the Congressional Research Service (CRS), the stable coin market needs strict regulation. Because of the speculative nature of cryptocurrencies, investors need more protection, or they could lose confidence in the markets, SEC chief Gary Gensler said. Read next: (TRX) TRON USD Decentralised Blockchain Platform That Focuses On Entertainment And Content Sharing. Altcoins: A Deep Look Into The TRON Network | FXMAG.COM The Portuguese authorities are considering introducing a tax on income earned from investments in digital assets. Dogecoin co-founder Billy Marcus called 95% of crypto-assets “trash” and suggested that 70% of investors don’t even understand the fundamentals of the crypto market.
Announcement of Pikaster (MLS) Token Sale on KuCoin Spotlight | KuCoin

Announcement of Pikaster (MLS) Token Sale on KuCoin Spotlight | KuCoin

Kucoin Blog Kucoin Blog 18.05.2022 14:24
KuCoin will be launching the 22nd Spotlight token sale with Pikaster (MLS) on May 18, 2022 (UTC). The MLS token sale will operate using the proportional distribution model. Spotlight Token Sale Details: (Subscribe Now) Token Name: Pikaster (MLS) Spotlight Hard Cap: 180,000 USD Spotlight Allocation: 1,500,000 MLS Spotlight Token Sale Price: 1 MLS = 0.12 USDT Token Supported: KuCoin Token (KCS) Only Price Ratio: The actual price ratio of KCS will be announced on the day of the Token Sale Token Sale Format: Proportional Distribution Model (PDM) Spotlight Token Distribution: 25% will be distributed on the Token Generation Event (TGE), the remaining 75% will be distributed in 25% batches every 2 months from the first distribution (before July 23rd, Sep 23rd, and Nov 23rd) Total Token Supply: 200,000,000 MLS Initial Circulating Supply: 10,000,000 MLS Pikaster Website: https://www.pikaster.com How to Participate Participants must have an average KCS holding of at least 100 KCS, where their final allocation of the new token is determined by the portion of their average daily KCS holdings against the total average daily KCS holdings by all participating users. To ensure a fair allocation for all participants, there will be a set hard cap for the token allocation per user. However, to let more new KCS holders enjoy the 22nd Spotlight, KuCoin will launch a whitelist campaign to exempt the minimum KCS holdings requirement. Token Sale Subscription Start Time: 08:00:00 on May 18, 2022 (UTC) Token Sale Subscription End Time: 00:00:00 on May 23, 2022 (UTC) KCS holdings Hard Cap Per User < 100 KCS (whitelist required) 150 USD (1,250 MLS) >= 100 KCS *Hard Cap: The max number of tokens you will receive. The Shares of Qualified Users Will Receive: (User’s KCS holdings / Total KCS holdings of all participants) * Total Spotlight Allocation (1,500,000 MLS) Exclusive Bonus for 22nd Spotlight! Bonus1: Each whitelist will be given one Pikaster NFT FREE to use for one month! Bonus 2 (IGO users only): Users who had successfully purchased Pikaster Genesis Mystery Egg in KuCoin 1st IGO will enjoy a bonus coefficient, where their final KCS holdings will be multiplied by 2. e.g. Alice has purchased one Pikaster Genesis Mystery Egg in the 1st KuCoin IGO. Assume that she holds 100 KCS during the snapshot period and has successfully participated in the 22nd Spotlight. Alice’s final KCS holdings will be counted as: 100 KCS * 2 = 200 KCS Daily KCS Holdings: From 16:00:00 on May 19, 2022 to 16:00:00 on May 21, 2022 (UTC), KuCoin will be randomly taking a snapshot of each user's KCS holdings on that day (3 snapshots in total). From the snapshot, each user’s daily KCS holdings will be determined. Only users who have a KCS holding equal to or greater than 0.1 KCS from the snapshot and click ‘Participate Now’ during the subscription period will be qualified for the 22nd Spotlight. *Sub-accounts can’t participate in the token sale as independent accounts. However, the KCS holdings in the Sub-accounts will be combined into the Master account for the calculation of the Average Daily KCS Balance. Daily KCS Holding Calculation Rules: Main Account * 100% Trading Account * 100% Finance Account (including locked and unlocked assets) * 100% Ongoing KuCoin Earn staking programs for KCS (locked assets): KCS-FOR-FCD-20D KCS-PLATO-30D Spotlight Token Sale Timeline: At 08:00:00 on May 18, 2022 (UTC), KuCoin will launch the Spotlight Token Sale and open the subscription for MLS. At 00:00:00 on May 23, 2022 (UTC), KuCoin will end this round of token sale registrations, counting the shares of all successfully registered participants. From 08:00:00 to 09:00:00 on May 23, 2022 (UTC), KuCoin will deduct the corresponding amount of KCS in the qualified users’ Trading Account and distribute the corresponding amount of MLS. We highly encourage you to have at least 20 KCS in your Trading Account on May 23, 2022. If the deduction is successful, the MLS will be distributed immediately to your Main Account; otherwise, your eligibility to purchase in the Spotlight will be lost. To participate in the token sale, your KuCoin account needs to meet the following criteria: Complete KYC2 (Advanced Verification) before 00:00:00 on May 23, 2022. If you fail to pass KYC2, then you will not be eligible for the token sale subscription. The following countries/areas are not supported for the purchase: Belarus, Mainland China, the Democratic Republic of Congo, the United States of America, Canada, Japan, Cuba, Iran, North Korea, Sudan, Syria, Venezuela, and Crimea. Purchase Agreement Signed. After completing the steps above, please be sure to click the ‘Participate Now’ button on the Spotlight page. Note: The above steps can be completed on the Spotlight page before the start time of the Token Sale. Learn More About Pikaster: Official Website: https://www.pikaster.com Twitter: https://twitter.com/PikasterNFT Telegram: https://t.me/Pikasterofficialchat Discord: https://discord.gg/bZ5EkEN9Z2 What is Pikaster (MLS) and How Does it Work? | KuCoin Crypto Gem Observer Watch the Pikaster video on KuCoin YouTube Channel: https://youtu.be/E7Loz_RhxcM Risk Warning: Spotlight is a high-risk investment channel. Investors should be sensible in their participation and be aware of investment risks. KuCoin is not liable for users’ investment gains or losses. The information we provide is for users to conduct their own research. It is not investment advice. KuCoin reserves the right of final interpretation of the activity. Thanks for your support! The KuCoin Team This activity is not related to Apple Inc. Find The Next Crypto Gem On KuCoin! Download KuCoin App >>> Sign up on KuCoin now >>> Follow us on Twitter >>> Join us on Telegram >>> Join the KuCoin Global Communities >>>
Bitcoin (BTC) is now better than the stock market but still in decline. Ether (ETH) Has Decreased By Over 4%, So Does Cardano (ADA) | FxPro

Bitcoin (BTC) is now better than the stock market but still in decline. Ether (ETH) Has Decreased By Over 4%, So Does Cardano (ADA) | FxPro

Alex Kuptsikevich Alex Kuptsikevich 19.05.2022 15:26
On Wednesday, Bitcoin was down 3%, ending the day around $29,200, remaining near that mark on Thursday morning. Ethereum lost 4.3%. Other altcoins in the top 10 fell from 1.8% (BNB) to 9.8% (Cardano). The Cryptocurrency Fear and Greed Index was up 1 point to 13 by Thursday and remains in ‘extreme fear’ territory The total capitalisation of the crypto market, according to CoinMarketCap, fell 3.6% overnight to $1.24 trillion. The Bitcoin Dominance Index rose 0.4% to 44.7%. The Cryptocurrency Fear and Greed Index was up 1 point to 13 by Thursday and remains in ‘extreme fear’ territory. Bitcoin resumed its decline on Wednesday amid a sharp weakening of US stock indices, which fell even more than BTC. The Nasdaq and S&P 500 lost more than 4% on Wednesday. The impressive oversold strength accumulated by the crypto market after it collapsed 40% from late March levels (versus 16% for the S&P500) temporarily limits the declining scale. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM Nevertheless, the overall negative market sentiment has prevented the bulls from turning out in full force. So far, it isn’t easy to see reliable signs of oversold or rebound formation. We should be prepared for the cryptocurrency market to test support at last week’s lows again in the near term. We consider the area near 20K the final target for a potential selloff, which corresponds to Bitcoin’s long-term support line. Billionaire Bill Ackman said one of the main reasons for Terra’s collapse was a pyramid scheme of business Among the news that caught our eye were: Former US Federal Reserve chief Ben Bernanke called Bitcoin a harmful currency. He lashed out at cryptocurrencies, calling them “a great tool for extortionists”. Binance lost $1.6 billion due to the collapse of Terra tokens on the exchange’s balance sheet. Billionaire Bill Ackman said one of the main reasons for Terra’s collapse was a pyramid scheme of business. Investors were promised a 20% yield backed by a token whose value was determined by demand from new investors. Microsoft has warned crypto investors of an increase in the activity of a new type of malware called Cryware South Korea’s Financial Services Commission, amid tensions in the Stablecoin market, is proposing to register cryptocurrencies based on their level of risk to investors. Microsoft has warned crypto investors of an increase in the activity of a new type of malware called Cryware, which allows the theft of assets from hot cryptocurrency wallets. Birgit Rodolph, executive director of the German BaFin, called for universal regulation of the DeFi industry across the EU. Follow FXMAG.COM on Google News
Crypto News: Bitcoin Price (BTC/USD) is range-bound. Will we see a break today? | 8cap

Crypto News: Bitcoin Price (BTC/USD) is range-bound. Will we see a break today? | 8cap

8 eightcap 8 eightcap 20.05.2022 04:05
Hi traders, today we’re seeing a similar pattern across several coins. After yesterday’s failed lower break attempt, ranges have developed. We’re seeing this pattern on a few, BTC, BNB, ETH, SOL, ADA, and XRP. We’ve zeroed in on Bitcoin as on the 4-hour chart. The range is quite symmetrical. We saw 29K come in yesterday as a demand point, and for now, price continues to hold above. The range can be broken down into inside action and overall action. On the side, we are looking at two possible directions. One, we see price maintain the pattern and move back to the bottom of the range. Two buyers regain momentum as we see a test or break of the range roof. If number two occurs, that will line up with the overall action idea of a new breakout due to steady demand seen yesterday rejecting seller attempts to break lower. We can also see a trend break on the four-hour chart and a fast trend break on the daily. If sellers can not only move back to the range base but break through it, we would look at the 27,600 area to possible offer buyer resistance If buyers clear the range, we could see resistance develop from 32,200. On the other side, if sellers can not only move back to the range base but break through it, we would look at the 27,600 area to possible offer buyer resistance. Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM It will be interesting to see which side wins this battle. Hoping all of our readers have a wonderful weekend. Bitcoin 4H Chart The post Crypto News: Bitcoin is range-bound. Will we see a break today? appeared first on Eightcap.
Altcoins: What Is PancakeSwap (CAKE)? A Deeper Look Into The PancakeSwap Platform

Altcoins: What Is PancakeSwap (CAKE)? A Deeper Look Into The PancakeSwap Platform

Rebecca Duthie Rebecca Duthie 20.05.2022 09:28
Summary: What is the PancakeSwap Platform and how does it work? Advantages of the PancakeSwap exchange. PancakeSwaps past, present and future price positions. The PancakeSwap Platform PancakeSwap is an automated market maker (AMM), a decentralised finance (DeFi) application which allows users to exchange tokens and provides liquidity via farming and earning rewards. PancakeSwap was launched in September of 2020. PancakeSwap users trade against a liquidity pool, which are filled by users with deposits and in return receive liquidity provider (LP) tokens. The liquidity provider tokens can later be used to reclaim their deposits plus a portion of the trading fees. PancakeSwap also allows users to farm CAKE and SYRUP tokens, users can deposit liquidity provider tokens and receive CAKE as a reward. Current circulating supply is more than 296 million, with a maximum supply of 750 million tokens. The current market capitalisation is more than $1.3 billion. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM PancakeSwap allows users to trade BEP20 tokens (token on the Binance smartchain), and provides liquidity to the exchange and earn fees, stake liquidity provider tokens to earn CAKE, stake CAKE to earn more CAKE and stake CAKE to earn tokens of other projects. CAKE is a BEP20 token, which originally launched on the Binance smartchain, the CAKE tokens main purpose is to try and incentivise the liquidity provision to the PancakeSwap platform. What makes PancakeSwap unique? Due to the automated market maker model, PancakeSwap does not have any order books and so liquidity pools are used instead. Users can earn income through becoming a liquidity provider, this is done through adding their tokens into the liquidity pool and from there they can farm liquidity provider tokens and stake their CAKE, whereby they can earn rewards. PancakeSwap uses a process called farming, which refers to the process of depositing liquidity provider tokens and locking them up. Farming gives users a reward earning opportunity. The tokens can be unstaked without any waiting period. Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM PancakeSwap is one of the most popular decentralised platforms that is available to users for trading, winning crypto and earning. The platform is trusted with billions by millions. PancakeSwap has the most users of any decentralised platform, ever. The platform has 2.9 million users over 40 million trades in the last 30 days and a stake of $4.8 billion. PancakeSwap is the leading decentralised exchange available on the Binance (BNB) smart chain and has the highest trading volumes in the market. The fact that PancakeSwap runs on the Binance smartchain means that automatically the transaction fees are lower. The fees are also lower than any of the other top decentralised exchanges. The decentralised aspect of the PancakeSwap platform allows users to trade directly from the wallet app, unlike centralised exchanges, PancakeSwap does not hold their users funds, the users’ cryptocurrency is 100% their own. Earn tokens with Syrup pools, when users stake CAKE, they can earn free tokens. The CAKE Syrup pools are known as the easiest way to earn free tokens on PancakeSwap. The syrup pools in crypto are special staking processes. Advantages of holding PancakeSwap: It solves the problem of growing centralisation in the market, by exiting the confines of the Ethereum ecosystem and the regulation and uncertainty that comes with the Ethereum blockchain. Selection: PancakeSwap allows users access to new tokens, in addition the platform allows users to transfer all kinds of other tokens (USDT, BTC, BUSD and ETH) from the ETH chain to the BSC chain by using the deposit features. Users of PancakeSwap gain access to all the top projects in the market. Interconnectivity: the platform was built with the intention to link multiple wallets such as Trust Wallet, TokenPocket, WalletConnect and more. The point of linking wallets was to try to ensure users are able to trade between the PancakeSwap platform and the Ethereum platform. PancakeSwap linked the blockchains as they knew a large portion of their user base would likely come from the Ethereum platform. Ease of Use, users do not need prior experience to use the PancakeSwap platform. PancakeSwap Transactions are cheaper, the average transaction on the platform sits at around $0.08. PancakeSwap is faster, in many cases the transaction time is 5 seconds or less. Profits, PancakeSwap is consistently introducing innovative ways to create new income streams. Private, the platform doesn’t require an intense signup process, all users need to do is sign up and add their wallets. PancakeSwap is proven to be very secure. Follow FXMAG.COM on Google News Past, present and future prices PancakeSwaps (CAKE) price didn't take very long to begin to see gains. The cryptocurrency hit its peak price in May of 2021, and has since seen an overall downward trend mixed with volatility. In the past 24 hours PancakeSwaps value has increased in value, so far the month of May in 2022 has seen volatility in all markets across the board including the cryptomarket. According to certain analysts going in the future to 2030, the price of PancakeSwap could reach $188. However, markets are volatile and so it is difficult to make an accurate prediction. PancakeSwaps Price Chart Sources: coinmarketcap.com, finance.yahoo.com, docs.pancakeswap.finance, pancakeswap.finance, securities.io, crowdwisdom.live
Is Do Kwon going to get arrested after Terra's LUNA price collapse?

Is Do Kwon going to get arrested after Terra's LUNA price collapse?

FXStreet News FXStreet News 19.05.2022 16:32
Terra's LUNA price and UST suffered a colossal crash and lost over $39.2 billion in market cap, fueling outrage among holders. A Terra holder filed a police complaint against Do Kwon, revealing thousands of Singapore investors are victims of the death spiral. The Korean National Tax Service has imposed $78.4 million in corporate and income tax on Do Kwon and Terraform Labs. The collapse of Terra's LUNA price and algorithmic stablecoin TerraUSD (UST) has sparked outrage in the crypto community. Institutions and retail investors suffered significant losses when $40 billion in LUNA and UST’s market value was destroyed within a week. Do Kwon, CEO of Terraform Labs, is in the midst of all the anger, and legal issues are starting to surround him. Terra’s LUNA price death spiral The crypto community witnessed the first “crypto bank run” in history when both Terra's LUNA price and UST crashed, wiping out nearly $39.2 billion in market value within a week. UST, Terra’s algorithmic stablecoin, suffered a de-peg, losing its $1 parity, and is trading at $0.08 at the time of writing. Likewise, Terra’s native token LUNA plummeted from $77 to $0.000001 within a week. LUNA and UST three-day chart In a series of tweets, the Luna Foundation Guard revealed that it had transferred 52,189 BTC to “trade with a counterparty” as UST fell below its intended $1 peg. This was an attempt to reestablish the algorithmic stablecoin’s peg. Terra directly sold 33,206 BTC in a last-ditch attempt to defend UST’s peg, to no avail. Terra’s blockchain was halted several times on and thereafter, and LUNA and UST were delisted from multiple cryptocurrency exchanges, including Binance and Coinbase. LUNA and UST holders outrage Cryptocurrency investor forums on Reddit have noted the rising outrage against Do Kwon. A LUNA holder filed a formal complaint with the Singapore Police and referred to Terra's crash as a “cryptocurrency scam,” seeking justice for all affected investors. Meanwhile, another furious investor broke into Kwon’s appartment in South Korea looking for answers after the token spectacularly collapsed. Kwon’s wife has since reportedly been either placed in protective custody or is under police guard at her own request. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM Investors from different backgrounds have urged authorities to arrest Kwon, forcing South Korean lawmakers to summon the co-founder of Terraform Labs. Kwon would have to appear before the South Korean Congress and testify on the subject of the algorithmic stablecoin UST’s and LUNA’s collapse. Rep. Yoon Chang-Hyeon, of the South Korean People’s Power Party, addressed the collapse of Terra’s death spiral at a plenary meeting of the National Assembly's Political Affairs Committee on Tuesday. He said: We should bring related exchange officials, including CEO Kwon Do-hyung of Luna, which has become a recent problem, to the National Assembly to hold a hearing on the cause of the situation and measures to protect investors. Do Kwon under investigation According to the Korean National Tax Service, Kwon is currently under investigation for tax evasion after LUNA and UST collapsed due to a corporate and income tax burden of $78.4 million. Korean media's DigitalToday has obtained documents from the South Korean Supreme Court Registry Office that reveal Kwon decided to dissolve Terra's Seoul and Busan branches during its general shareholders' meeting on April 30. Following Do Kwon's decision, the Busan branch was liquidated on May 4 and Seoul branch on May 5. The documents carry Kwon Do-Hyeong's (official name of Do Kwon) name as the liquidator of Terraform Labs' offices. With the new findings, it has become clear that there is more to Terra's collapse than a coordinated attack or UST's de-peg. Kwon remains under suspicion in the investigation conducted by Korean authorities. Moreover, a specialized financial crimes unit in South Korea, the ‘Yeouido Grim Reaper’, has been tasked with the investigation of Terra’s collapse. The unit consists of 48 people made up of seven prosecutors and other executives from the Financial Services Commission and Financial Supervisory Service that have been called to investigate the methods by which Terraform Labs attracted investors to its tokens. The committee was disbanded two years ago but has been put back together to look into the events surrounding Terra’s demise and the extent of investor damage caused. Some win and others lose US asset management company Pantera Capital turned a $1.7 million investment in LUNA into $170 million by cashing out its investment well ahead of the crash. The institution, creator of the first blockchain hedge and venture funds in the US, did not suffer significant losses from Terra’s collapse as it pulled 80% of its investments out of LUNA over the last year. Apart from their LUNA investment, Pantera Capital had backed Terraform Labs, injecting $25 million in January 2021 and joining a $150 million fund round in July 2021. The firm recovered its investment before LUNA’s freefall to zero. Pantera Capital’s exit from LUNA is considered suspicious. Joey Krug, co-CIO at Pantera Capital, clarified that the institution purchased LUNA in the public market in July 2020, and not in a private financing round. Krug said, We managed that position down over time as it became increasingly profitable/large, in order to maintain a diversified portfolio. We initially invested in LUNA because of the progress we saw in developer adoption, the payments usage, and the broader ecosystem being built on Terra. Galaxy Digital, a US broker-dealer and another Terraform Labs investor, didn’t have the same luck. The firm started investing in LUNA in Q4 of 2020 and reported losses of $300 million for this quarter. In a letter, CEO Mike Novogratz told investors that: With our diversified business lines, Galaxy remains in a strong capital and liquidity position. We are well-positioned for long-term growth. Likewise, Binance had invested $3 million into the Terra ecosystem in 2018, receiving 15 million LUNA tokens. At LUNA’s all-time high, the investment was worth $1.6 billion. Yet due to last week's collapse of Luna, those 15 million LUNA tokens plummeted in value to just $3,400. Read next: Altcoins: What Is PancakeSwap (CAKE)? A Deeper Look Into The PancakeSwap Platform| FXMAG.COM A hard fork to create LUNA Classic and LUNA Core Do Kwon proposed the burning of UST, by increasing LUNA’s minting capacity from $293 million to over $1.2 billion. According to the Terraform Labs CEO, this is the only way to absorb UST’s supply and reestablish its peg. The plan was considered “high cost” for LUNA, UST holders and the Terraform Labs CEO faced criticism for the proposal. Kwon then focused on LUNA’s recovery without the algorithmic stablecoin UST. Since Terra’s ecosystem is not strong enough to build up and drive recovery in both Terraform Lab tokens, Kwon considered a practical and sustainable structure to preserve the developer ecosystem and the community. Kwon’s new and updated proposal suggests a fork in LUNA and the creation of a new Terra chain. The old Terra chain would be called Terra Classic (LUNC), while the new chain would be Terra (LUNA). The new chain would be fully community-owned, and the Terra Foundation wallet would be removed from the whitelist for the airdrop. Validators would reprogram the network ownership to $1 billion, distributing them to affected parties. 40% of the network’s ownership, $400 million would be allocated to LUNA holders (who held the token before UST de-peg). The hard fork offers to allay UST holders’ concerns by offering 25% at the Launch snapshot on May 27, 2022. 10% would be unlocked at genesis and the remainder would be unlocked over a period of two years. 25% would be reserved for the community pool. The co-founder of Terraform Labs believes Terra can recover from the coordinated attack by becoming a fully community-owned chain. Proposal 1623, the revival plan for LUNA without UST, has received 77.96% positive votes from the community. 1.39% of the community members abstained from voting. The whole crypto market bleeds After Terra’s LUNA and UST implosion, most crypto assets suffered heavy losses. Check out in this video what's next for Bitcoin! Follow FXMAG.COM on Google News
An Arrest Warrant For The CEO Of Terraform Labs| Bitcoin Keeps Its Trend

Bitcoin Price (BTC/USD) Entrenched At $30K, Ether (ETH), Solana (SOL), Ripple (XRP) Have Gained! | FxPro

Alex Kuptsikevich Alex Kuptsikevich 20.05.2022 11:17
Bitcoin fluctuates around $30K and has crossed that line daily in one way or another over the past 12 days. A 3.5% increase in the day’s results on Thursday turned into another pullback on Friday morning. Ethereum has strengthened by 3.5% in the past 24 hours, finding itself pegged at $2000. By Friday, the cryptocurrency fear and greed index is unchanged at 13 points (“extreme fear”) Other altcoins in the top 10 gained between 0.4% (Solana) and 5.5% (XRP). Total cryptocurrency market capitalisation, according to CoinGecko, rose 3.1% overnight to $1.28 trillion. The Bitcoin Dominance Index rose 0.1% to 44.8%. By Friday, the cryptocurrency fear and greed index is unchanged at 13 points (“extreme fear”). Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM MicroStrategy CEO Michael Saylor said his company would buy bitcoin at any price until it reached a million dollars Bitcoin and the entire cryptocurrency market’s protracted tug-of-war promises to resolve with a strong move in one direction. However, there is hope for both bulls and bears. The latter has a minor advantage, as we saw this area touch down from above in January and June-July 2021. But now, all the fighting is concentrated below. Among the crypto news that caught our eye: MicroStrategy CEO Michael Saylor said his company would buy bitcoin at any price until it reached a million dollars. Bitcoin’s drop below $30,000 last week came after a large volume of the cryptocurrency entered exchanges. According to IntoTheBlock, traders have sent around 40,000 BTC to exchanges since May 11. According to an audit report by accounting firm MHA Cayman, USDT stable coin issuer Tether Holdings Limited reduced its reserves in the commercial papers by 17%, improving the quality of its funds. Read next: Altcoins: What Is PancakeSwap (CAKE)? A Deeper Look Into The PancakeSwap Platform| FXMAG.COM The Ethereum development team said it would migrate the Ropsten test network to the Proof-of-Stake (PoS) consensus algorithm on June 8 2022. According to the legislation, SEC chief Gary Gensler has warned that the regulator is ready to take new measures against unregistered cryptocurrency companies. The US Commodity Futures Trading Commission (CFTC) believes that amid a rise in cryptocurrency crime, the watchdog must strengthen regulation of digital assets to crack down on fraud and manipulation. Follow FXMAG.COM on Google News
The Digital Trade Transparency Act of 2022| Bitcoin's Early Trend Continues

"Cryptocurrencies have no value and are not based on anything." - said Christine Lagarde (ECB). Bitcoin Has Decreased By 3.6%, ETH Gone Down By 5.8%, XRP And ADA Declined As Well | FxPro

Alex Kuptsikevich Alex Kuptsikevich 23.05.2022 09:23
Bitcoin is down 3.6% over the past week, ending near $29,900. Ethereum lost 5.8%, while other leading altcoins in the top 10 fell from 5.4% (XRP) to 9.2% (Cardano). The exception was Binance Coin (+3.3%). By Monday, the cryptocurrency fear and greed index is down 4 points to 10 According to CoinMarketCap, the total capitalisation of the crypto market has changed little over the past seven days at 1.29 trillion, as the decline at the beginning of the last week was largely reversed by its end. By Monday, the cryptocurrency fear and greed index is down 4 points to 10. Bitcoin has declined for seven consecutive weeks amid a sell-off in stock markets. Bitcoin is in its 13th day of trading through the $30K level. Galaxy Digital CEO Mike Novogratz said that the altcoin market will collapse by another 70% Over the weekend, we saw almost traditional buying by retail investors, but their strength only allowed them to bounce back from Friday's losses. If we look at Bitcoin as a leading indicator of risk demand rather than tailing off moves in the S&P500 or Nasdaq, we may well be in a situation where the tail rules the dog. Galaxy Digital CEO Mike Novogratz said that the altcoin market will collapse by another 70% with US Fed policy and a bearish trend. Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM Microsoft co-founder Bill Gates said he only invests in assets that "deliver returns". In his view, cryptocurrencies do not fall into that category. Billy Marcus, one of the creators of Dogecoin, said the cryptocurrency market is a mix of unhealthy optimism, FOMO, panic, scams, gambling, and widespread stupidity. He said he has not been involved in the DOGE project for more than 7.5 years but describes himself as a coin supporter. Follow FXMAG.COM on Google News ECB head Christine Lagarde said that, unlike central bank digital currencies, cryptocurrencies have no value and are not based on anything. A group of G7 finance ministers pointed to the importance of accelerated legislation to regulate digital assets following the collapse of the UST stable coin and LUNA cryptocurrency.
Ripple (XRP) Moved Up But Bearish Scenario Has Not Been Cancelled Yet

Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP

Rebecca Duthie Rebecca Duthie 20.05.2022 13:37
Summary: What is the Ripple Platform and how does it work? Advantages of the Ripple exchange. Ripple’s past, present and future price positions. The Ripple Network Ripple was founded in 2012 and was based on the founder of the ripple ledger, Ryan Fugger. The ledger is a cryptographic ledger powered by a peer-to-peer network of nodes. The purpose of Ripple is to service the needs of the financial services industry. The XRP token consistently ranks in the top 10 cryptocurrencies in terms of market capitalization. Peer-to-peer networks refers to the direct exchange of an asset between individuals, the transaction does not involve a central authority. XRP is the native cryptocurrency of Ripple Labs Inc, a cryptocurrency payment system. XRP is Ripples digital asset used for global payments, the cryptocurrency allows the transferring of payments at very low cost which aims to attract the attention of banks and retailers. Ripples superpower is the combination of extremely low costs and completing the transaction in under 5 seconds. Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM What makes Ripple Unique? Ripple is a cryptocurrency platform that has been sharpened for over a decade. Ripple is known to be a cryptocurrency built for business use. Ripples enterprise-grade solutions are quicker, more cost-effective and more transparent than the more traditional form of financial assets. The Ripple users use these solutions to facilitate instant payments, find and buy crypto, engage audiences, grow their treasury, drive new revenue and lower capital requirements. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM Ripple offers innovation for businesses, governments, financial institutions and more. The Ripple platforms allow for cross border payments to enhance payments with real-time settlement, liquidity management and better access to working capital. Ripple also creates crypto liquidity through the use of an all-in-one platform to hold, trade and buy digital assets, delivering the crypto services users’ customers want. CBDCs implement a scalable, secure, and sustainable central bank digital currency that meets the high security standards of a normal central bank. How does XRP work? Unique mining process: Ripple doesn’t mine, the XRP ledger was pre-mined. 100 billion XRP tokens were created and are released publicly periodically. This has raised concerns that if too many coins are released at once, diluting the value of XRP, this is because part of what gives XRP its value is its scarcity. Ripple owns a portion of XRP, this acts as an incentive to help the crypto grow and be successful over time. The maximum supply of XRP is 100 billion, the current circulating supply 48.34 billion tokens. The current market cap of XRP is around $20.742 billion. XRPs Ripple network somewhat centralizes the network and uses a consensus protocol. Anyone can download and use its validation software, it maintains a unique node list, users can select this list and use it to find participants who they believe are least likely to defraud them. Advantages of Holding XRP: Fast settlement: the confirmation of transactions is very fast, the average time is around 4-5 seconds per transaction. Very low fees: the cost to complete a transaction through the ripple platform is the equivalent of 0.00001 XRP. Versatile exchange network: Ripple platform users are not limited to transactions of only ripple, they can also process fiat currencies and other cryptocurrencies Used by large financial institutions: large enterprises have the opportunity to use Ripple as a transactions platform. Santander and Bank of America are 2 large financial institutions currently using the ripple platform, this is an indication that Ripple network has larger institutional adoption in the market than most cryptocurrencies. Past, present and future prices of Ripple In 2018, the price of Ripple XRP skyrocketed. After the sharp increase in price the value of the token fell drastically. Since then the price of the token has not seen any drastic movements. The price did start to increase again in early 2021 but has since seen some volatility and has not managed to find a particular trend. In the present economic conditions, the global markets, including the crypto market ,have seen a lot of volatility. It has become increasingly clear to market participants that inflation and wider market conditions affect the crypto market too. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM In the future some analysts predict that the price of XRP could reach more than $10 by 2030. However, the crypto markets are volatile and so it is difficult to make accurate predictions. XRP Crypto Price Chart How to buy XRP Users need to find an alternative cryptocurrency exchange to the popular ones, such as Coinbase, Gemini or eToro. Uphold could be an option or purchase outside the U.S or take chances on a decentralised exchange. Follow FXMAG.COM on Google News Sources: coinmarketcap.com, ripple.com, time.com, challengelly.com, forbes.com
Cardano remains asleep for the last two months and a half

Altcoins: Cardano (ADA) What Is It? - A Deeper Look Into Cardano (ADA)

Rebecca Duthie Rebecca Duthie 23.05.2022 13:24
Summary: What is the Cardano Platform and how does it work? Advantages of the Cardano exchange. Cardano's past, present and future price positions. Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP  Cardano’s platform Cardano’s mission is to be a blockchain for innovators, visionaries and changemakers, it has the tools and technologies required to create possibilities to bring about positive global change for the many, as well as the few. The Cardano platform was founded in 2015 and launched in 2017. The platform token “ADA” has a maximum supply of 45 billion ADA, a circulating supply of more than 33.7 billion and a market capitalisation of more than $18.25 billion. The cardano platform is a proof-of-stake blockchain, it was the first to be founded on peer-review research and was developed through evidence-based methods. The blockchain combines pioneering technologies to provide unparalleled sustainability and security to decentralised systems, applications and technologies. Proof-of-stake refers to a type of consensus mechanism used to validate cryptocurrency transactions. Cardano’s aim for their platform Cardano’s aim is to be an enabling force for positive change and progress, in order to achieve this they have a leading team of engineers. The platform exists to redistribute power from the unaccountable to the margins and the individuals. Cardano's platform integrations and protocol implementations are first researched, mathematically modelled, tested and challenged before they are specified. The Cardano platform is designed to reward those who act in the best of the network and are also acting in their own best interests. The scalability and sustainability combination allows Cardano to achieve the throughput required to meet the ever changing demand of the global systems: logistics, societal, financial and identity. Some of the uses of the Cardano platform and ADA token: Send, create and receive NFTs and native tokens. Set up and manage your own staking pool on Cardano. Users are able to create their own smart contracts. Users can integrate their Cardano technology into their existing websites and platforms. ADA tokens can be used to vote on governance proposals, those that distribute treasury funds in particular. ADA tokens can be staked to earn rewards. Ouroboros and Cardano Cardano is the first blockchain to implement the Ouroboros protocol. Ouroboros is the first peer-reviewed, verifiably secure blockchain protocol, which enables Cardano’s decentralisation and allows it to scale global requirements sustainably without compromising security crucially. Advantages of investing in Cardano The Ouroboros blockchain protocol. Evidence-based development: the evidence-based methods used to create the Cardano blockchain is a combination of methods, which are normally found in critical high-stake applications, along with an agile approach, which helps the project remain responsive and adaptable to new innovations and emerging requirements. Security: when using the cardano platform, it is possible for users who have never met or transacted before to interact and transact with a high level of security. The Cardano platform builds trust where there otherwise may not be any, which opens up doors to many more markets and opportunities. Incentivised participation: Cardano is an open-source project developed through open participation. Cardano has an incentive mechanism to ensure network health and longevity, the mechanism rewards users for their participation, either through stake delegators or as stake pool operators. The governance system gives all users a voice, ADA holders can submit or vote proposals on proposals to improve the platform. Scalable and sustainable: Ouroboros allows the Cardano platform to scale global requirements with minimal energy requirements. Cardano's performance-energy is achieved through a combination of novel approaches namely, side chains, multi-ledger and parallel transaction processing through multi-party state channels. Follow FXMAG.COM on Google News Past, present and future prices of Cardano After the launch of ADA, the original price spiked and then fell back down the pre-launch levels. It took Cardano’s ADA a couple of years to truly see any real price change. In 2021 Cardano reached a maximum price of more than $2.77, but has since been on a declining streak. Currently the cryptocurrency markets have been declining, the current economic conditions are sending investors searching for safe-haven assets, a category that cryptocurrencies do not fall under, this is causing a sell-off investor sentiment. Some analysts believe that the price of ADA will fluctuate but will see an increase, and thereafter consistently increase until 2030 wherein the value is expected to reach around $13.55. However, predicting the future value of cryptocurrencies is difficult due to the volatility of the markets they operate in. ADA Price Chart Read next: Altcoins: What Is PancakeSwap (CAKE)? A Deeper Look Into The PancakeSwap Platform  Sources: finance.yahoo.com, cardano.org, coinbase.com, changelly.com  
Bitcoin Price (BTC/USD) Is In Tight Consolidation! Which Direction Will It Strike? | Geco.one

Bitcoin Price (BTC/USD) Is In Tight Consolidation! Which Direction Will It Strike? | Geco.one

Geco One Geco One 23.05.2022 14:45
Bitcoin fell between 5-12 May 2022 by over $13,000, i.e. over 33%. It increased the range of the ongoing from 28 March 2022 depreciation to over $21,000, i.e. 44%. In turn, counting from the peaks of November 2021, BTC decreased by over $42,000, i.e. 61%. Bitcoin Price (BTC/USD) Such a significant sale caused the exchange of the oldest virtual currencies to drop from $69,000 to below $27,000, which was the lowest level since December 2020. It is noteworthy that this trend did not stop around the critical level of support of $29,000, where various types of demand reactions have occurred many times in the past. It was no different now. This time, however, the rebound turned out to be extremely modest, and as a result, Bitcoin found itself in a horizontal trend. Considering that the consolidations are corrective formations, statistically, more often, the market will push out of this type of system in the direction consistent with the earlier move. This particular case increases the risk of a potential bottom breakout, which could signal a potential for further declines to the $24,000 region or even below $20,000. This scenario may also be supported by the fact that the upper limit of this system coincides with the measurement of 38.2% Fibonacci correction from an earlier downward impulse. Ethereum Price (ETH/USD)  The current situation on the Ethereum quotes is also identical. The price of this cryptocurrency fell between 3 April and 12 May this year by 52%, dropping to the Tech Support area of $1,750, the lowest level since July 2021. However, taking into account that the demand response that appeared around this support was much more modest than the rebound observed in this area already in May, June and July 2021, one can assume that in the end, it will turn out to be only a correction, after which the ETH rate will return to around $1,750. Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM A permanent drop below this price level could open the door for further declines to $1,400. There is another significant support around which we could expect a greater demand response. It is worth mentioning here, however, that although the consolidations are corrective formations, there is no rule determining when the market should break out of the system. This fact means that, although the statistics favour further declines before they happen, the ETH exchange rate may remain in the range of $1,900 to $2,150 for some time. (XRP) Ripple Price Looking at the XRP quotes, we can see that the price of this cryptocurrency fell between 28 March and 12 May this year by over 63%. This sell-off led to the breach of several important support zones and did not stop until around $0.36, where on 12 May this year, there was a demand response. Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP | FXMAG.COM However, the subsequent rebound did not last too long. As a result, the XRP price has remained in the horizontal trend for several years. It assumes a return to the vicinity of $0.36 seems more likely. If, however, this support was permanently defeated, then the quotations of this cryptocurrency could even move towards $0.20. Binance Coin (BNB) The current situation on Binance Coin's quotes is also very interesting. The price of this cryptocurrency fell between 7 November 2021 and 12 May 2022 by over 67%. This sale only stopped around $260 technical support - on Thursday, 12 May this year, there was a demand response. Due to the rebound that has continued since then, the BNB price has risen by more than 51%, thus returning to the area of ​​previously defeated support (now resistance) of $330. If a larger supply relationship is around this level, signalling its potential rejection, the BNB price could return to around $260 or even drop further to the $200 region. It’s finally time to get down to business. Start serious trading with Geco.one - top 20 cryptocurrencies, 1:100 leverage, staking, low fees, intuitive design, no KYC. Trading on derivatives has never been easier. Join us https://app.geco.one Follow FXMAG.COM on Google News
LFG Has Not Created Any New Wallets| Do Kwon  On The Interpol Wanted List

Altcoins: Another Terra's LUNA price failed recovery attempt causes uproar in the crypto community

FXStreet News FXStreet News 23.05.2022 16:44
Terra’s LUNA price fails to recover despite Proposal 1299 to rescue over 154.7 million UST stuck in Osmosis and side chains. Anonymous Terra community members have come forward as whistleblowers, revealing facts on the deal with Jump Crypto. Do Kwon told the Terra community that sending LUNA to the burn address is "a loss" and "not a good idea." Several whistleblowers have contacted Terra community member “FatMan” and revealed details of Terraform Labs co-founder Do Kwon’s monthly payments to quantitative trading firm Jump Crypto and their role in the crash of UST. Proposal 1299 has failed to fuel a recovery in Terra’s LUNA price. Terra’s LUNA price stuck while whistleblowers call out Do Kwon Algorithmic stablecoin TerraUSD (UST) witnessed a colossal crash more than a week ago, losing its $1 peg, with Terraform Labs’ tokens LUNA and UST lost a combined market value of $39.1 billion within a week. This event has been marked as the “first crypto bank run” in history and had a catastrophic impact on Terra’s LUNA price, which crashed from almost $100 to the current levels below $0.0002 in the span of a couple weeks. Also read: LUNA price has turned into a crypto zombie with no revival to come Terra Research forum user “FatMan” has come forward with insights into Terra’s co-founder Do Kwon and the deal with Jump Crypto. @FatManTerra has published his findings in a recent Twitter thread. According to the findings, Do Kwon pays a fixed monthly installment of LUNA to repay his debt to Jump Crypto. @FatManTerra is yet to publish further details of these transactions. This Agora Terra forum user states that Jump Crypto manipulated retail investors into losing billions on LUNA and UST. The community member is yet to furbish evidence of transactions that connect Jump Crypto to the UST crash. Terraform Labs proposal 1299 fails to rescue 154.7 million UST In order to rescue the UST stuck on side chains, proposal 1299 was put forward by Terraform Labs. During the colossal crash, Terra validators disconnected Inter Blockchain Communication (IBC) as a stop gap solution. The proposal was passed, however, today it failed to execute due to technical issues. Among all side chains, Osmosis alone accounts for 154.7 million in LUNA and UST. The Terraform Labs tokens stuck on side chains are not covered in the “Revival Plan” that compensates holders for their losses in the coordinated attack. As a result of this failure, UST and LUNA tokens stuck on side chains will be excluded from the launch snapshot, thereby resulting in losses for community members. The rescue proposal 1299’s execution is key to a potential Terra’s LUNA price successful recovery. Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP | FXMAG.COM LUNA sent to burn addresses "is lost, not a good idea" Do Kwon has been criticized by the Terra community for his plan to leave the algorithmic stablecoin UST out of the final recovery strategy for the Terra ecosystem. Community members have reached out to Kwon on Twitter and informed them that they can aid Terra’s recovery by burning LUNA. Do Kwon answered by telling the Terra community and his 1 million followers on Twitter that LUNA sent to burn addresses is lost and it is not a good idea to burn these tokens. Terra Ecosystem Plan 2, Kwon’s proposal for the rebirth of Terra, has been criticized by the community. Over 52.6 million voters have abstained from voting on Proposal 1623, and 35.2 million have voted “No with Veto.” This puts the count of negative votes at 87.8 million, which accounts for over 33% of the community not having confidence in the plan for the recovery of Terra’s LUNA price. Crypto market trying to bounce back While the prospects for a Terra LUNA price recovery still look grim, the cryptocurrency market is trying to regain its footing, with several coins showing technical bullish setups. Check the following video to see how to trade them. Follow FXMAG.COM on Google News
The Digital Trade Transparency Act of 2022| Bitcoin's Early Trend Continues

Declining Bitcoin Price (BTC/USD)!? Ether Price (ETH/USD) Has Increased, AVAX Gone Down. Be ready for (BTC) Bitcoin to end consolidation with a drop | FxPro

Alex Kuptsikevich Alex Kuptsikevich 25.05.2022 09:00
Bitcoin’s fluctuations continue to shrink, meaning the spring is being compressed further. The lower bound of the trading range has moved to $29K, from where the BTCUSD has received support since the start of active trading in New York. The upper bound of the formed triangle has moved to $30.5K against current prices at $30.0K, reflecting a 1.8% gain over the past 24 hours. Ethereum has added 0.3% in the past 24 hours, with other altcoins in the top 10 from a 2.9% decline (Avalanche) to a 1.0% rise (BNB), but all faring worse than the crypto flagship. Total coin capitalisation, according to CoinMarketCap, rose 1.1% to $1.28 trillion, with the Bitcoin Dominance Index up 0.4% to 44.7%. The Cryptocurrency Fear and Greed Index was down 1 point to 11 by Wednesday and remains in “extreme fear”. The bitcoin price is in consolidation mode, equally dangerous for both bulls and bears. Both gain liquidity over time and get used to the current prices. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM On the market cycle side, the chances are higher than the current consolidation will culminate in a breakdown of the lower boundary and liquidation of stop orders, reinforcing the initial downside momentum. Behind the pessimistic outlook is a tightening of monetary policy with slowing economic growth, which puts retail investors in the mode of withdrawing capital from cryptocurrency in favour of consumption. It does not help that the expectations of getting rich fast through cryptocurrencies are not paying off, as bitcoin is worth as much now as it was in early 2021. The ECB warned that the high correlation between cryptocurrency and stock markets... Investing in the industry is becoming more professional, moving beyond naïve attempts to buy and hold. According to CoinShares, investors are withdrawing money from bitcoin and investing in blockchains that support smart contracts, such as Cardano and Polkadot. Net capital outflows from crypto funds last week amounted to $141m. The ECB warned that the high correlation between cryptocurrency and stock markets is usually seen in times of dire economic conditions and will no longer allow the diversification of investment portfolios with digital assets. Follow FXMAG.COM on Google News
Altcoins: What Is HEX? - A Deeper Look Into The HEX Blockchain

Altcoins: What Is HEX? - A Deeper Look Into The HEX Blockchain

Rebecca Duthie Rebecca Duthie 26.05.2022 17:23
Summary: What is the HEX Platform and how does it work? Advantages of the HEX exchange. HEX's past, present and future price positions. The HEX Platform HEX was launched in December 2019, and is the first blockchain Certificate of Deposit, that offers high returns, no minimum and decentralised design. The average return staked on HEX is around 38%. The current circulating supply of HEX is more than 173.4 billion coins, with no maximum supply. The market capitalization is more than $12.8 billion, which puts HEX in the top 10 cryptocurrencies in terms of market capitalisation. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM HEX is an ERC20 token that is launched on the Ethereum network. The HEX token is designed to act as a store of value to replace the Certificate of Deposit as the blockchain counterpart of the Certificate of Deposits used in traditional financial markets. HEX token is also designed to leverage off the emerging decentralised finance (DeFi) ecosystem in finance using the Ethereum network. Outperforming Ethereum? According to HEX.com the HEX cryptocurrency was designed to outperform Ethereum, and has achieved good results since its inception. Behind the scenes, the HEX cryptocurrency is an advanced game theory that has been updated to eliminate all of Bitcoins flaws. HEX utilises the Ethereum network for the transaction layer (the layer that makes it possible to send and receive HEX tokens as well as allowing interactions with the HEX smart contract), whilst the consensus code and staking mechanism is contained in the HEX smart contract. Certificates of Deposits are common investment tools that are normally managed by banks. The Certificate of Deposit market is a trillion dollar market and is used worldwide. HEX took the concept of Certificates of Deposits, removed banking fees, added a higher average return rate and turned it into a decentralised cryptocurrency. HEX’s coin - HEX USD HEX allows their users to stake their HEX coins for a share of a new coin issuance, or inflation and contains features that are designed to incentivise behaviours that will encourage price appreciation and discourage behaviours that could harm the price. The HEX smart contracts rewards stakers for staking larger amounts of HEX for longer periods and penalises stakers for ending their stake early. When lockup periods are over, HEX coins are created to pay off the existing holders. At the end of the first year of launch, all HEX coins that were not claimed by Bitcoin holders are distributed to the rest of the HEX users who have active stakes. After the first year of launch, the maximum possible annual inflation is designed to be 3.69%. For Bitcoin holders, HEX coin is a free airdrop, when switching from Bitcoin to HEX, users are not required to pay anything in the process. Interest on HEX coins are paid in HEX, the monetary value of the paid interest is determined by the market value of HEX at the time of maturity. Read next: Altcoins: Tether (USDT), What Is It? - A Deeper Look Into The Tether Blockchain| FXMAG.COM Advantages of the HEX blockchain Faster and cheaper to transact, the Ethereum platform that HEX operates on Makes use of Ethereum's security which makes the HEX platform safe. The biggest benefits are offered for users that stake for a longer period of time. There are no intermediaries required for users that convert Ethereum to HEX. Early claimers are rewarded with bonuses. Bonuses are given to both the referrers and to those who are referred. Users who lock their HEX on time receive interest and unclaimed coins. Larger and longer term investments are rewarded with additional shares, the price per share continues to rise. HEX equalises incentives, therefore, the more participants on the network, the better. Follow FXMAG.COM on Google News How to buy HEX Users will need to download the coinbase wallet if they want to buy HEX. Buy and transfer Ethereum (ETH) tokens and transfer them to your coinbase wallet. Using the trade tab, use your ETH to buy HEX. Past, present and future prices HEX price only started picking up in the first quarter of 2021, before then the price remained low. In October of 2021 the price of HEX rallied, and then fell again. HEX had a disappointing start to 2022 and lost 35% of its value. The current investor risk off sentiment has affected HEX the same way it has to some of the other cryptocurrencies. There is a link between the cryptocurrency market and the broader markets, the broader market sentiment's sell-off attitude is reflected in the graph below over the past few months. Some analysts believe that the price of HEX will continue to increase for the next 10 years, with the possibility of the price reaching $4 per coin by the time 2031 comes around. This forecast is based solely on numerical data, due to the volatility of the cryptocurrency market, it is difficult to make an accurate forecast for the price of HEX. HEX Price Chart Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM Sources: finance.yahoo.com, coinbase.com, techstory.in, coinmarketcap.com, hex.com, technewsleader.com
ShibaSwap, ShibaBurn, SHIB: The Metaverse. Can They Make Shiba Inu (SHIB) Crypto Rise? What's Going To Be Bitcoin Price (BTC/USD)? | FXStreet

ShibaSwap, ShibaBurn, SHIB: The Metaverse. Can They Make Shiba Inu (SHIB) Crypto Rise? What's Going To Be Bitcoin Price (BTC/USD)? | FXStreet

FXStreet News FXStreet News 30.05.2022 16:41
Shiba Inu price shows signs of expansion after coiling up for roughly two weeks. The recent recovery could be key in triggering a 75% upswing to $0.0000201. A breakdown of the support level at $0.0000106 will invalidate the bullish thesis for SHIB. Shiba Inu price shows that the bulls are back in town, however, a confirmation is still required before a green light can be given. A retest of the immediate barrier will provide SHIB with the required validation and further trigger a minor uptrend. While technicals provide one half of the picture, adding fundamentals completes the analysis. For Shiba Inu, the developers seem to be keeping their heads down and working on major upgrades and additions to the meme coin ecosystem like ShibaSwap, ShibaBurn and SHIB: The Metaverse. All positive developments. Decentralized Exchange, ShibaSwap Launched in July 2021, ShibaSwap is a decentralized exchange (DEX) built on the Ethereum blockchain using the ERC-20 standard. Like many other decentralized platforms in the game, Shiba’s native DEX will allow investors to swap tokens, and provide liquidity to liquidity pools. However, unlike Uniswap, SushiSwap or other DEXs, ShibaSwap allows its users to stake their tokens, participate in governance and trade on its NFT marketplace known as Shiboshis. The main constituents of this exchange include - SHIB, BONE and LEASH. While SHIB is a native token, BONE can be used as a governance token while LEASH, a play on algorithmic stablecoins, was going to be used to track Dogecoin’s price at a /1,000 rate. However, this mechanism has since stopped and the tokens are now unleashed and have a total supply of only 107,647. Reducing Circulating Supply Through ShibaBurn ShibaBurn capability was launched on April 24, when SHIB’s market value was down 77% from its all-time high of $0.0000885. The portal was launched to allow holders to “generate passive income.” The concept of burning in the crypto ecosystem indicates reducing the effective supply of tokens in circulation. This is done by sending the tokens to a predetermined wallet by the underlying project and its developers which will not allow users to retrieve the burned tokens. Since its inception, 410 trillion SHIB have been burned, reducing the total supply of Shiba Inu tokens by 41%. Therefore, a reduction in the supply causes a negative supply shock ie., when the supply is reduced but the demand remains the same or increases. Such a development will have positive effects on the underlying asset. Shibburn.com Typically, projects burn their funds trying to keep up with declining prices and user sentiment in the bear market. Some developers continue working on their ecosystems and very few come out of the crypto winter. Despite SHIB’s fall from grace over the past months, there have been massive developments in the Shiba Inu ecosystem on multiple fronts. Hence, investors should expect the market value of the meme coin to reflect the same very soon. Interestingly, technicals are already showing bullish signs that could be the start of a quick run-up. Expanding into Web3 with SHIB Metaverse The latest addition to the ShibaBurn and ShibaSwap features is SHIB: The Metaverse, which is a play on the ongoing fad for the crypto ecosystem to be interconnected with Web3. Like many Web3 or Metaverse-focused projects, Shib’s Metaverse plans include selling virtual land or plots. The entire metaverse can be split into four districts - Growth District, Defense District, Technology District and Currencies District. These districts further have segregations from Tier 1 through 4, with the former being the most “rarest” and by extension the most expensive. After minting their lands using their SHIB tokens, investors can add logos, rename plots, and lease them, all of which will leverage the native altcoin and even burn it. The developers have further plans to integrate LEASH and BONE as the metaverse receives updates. Shiba Inu price readies for significant recovery Shiba Inu price created a range, extending from $0.0000114 to $0.0000143 as it rallied 35% between May 12 and 13. This run-up faced a sell-off and swept the range low to retest the $0.0000106 support level. Since then, SHIB has recovered into the said range and is aiming to continue this trend. Interested investors can wait for Shiba Inu price to retrace and retest the range low before triggering a 25% move to retest the $0.0000143 hurdle. While this move is impressive, this is not where SHIB will stop its journey, since the bulls are aiming for the $0.0000201 barrier, which was significant support for Shiba Inu price between January 22 and May 6. In total, this move would constitute a 75% gain and is likely where the upside is capped for the meme coin. SHIB/USDT 4-hour chart On the other hand, if Shiba Inu price fails to bounce off the range low at $0.0000114, it will indicate buying weakness. If this move breaks down the subsequent support level at $0.0000106 it will create a lower low and invalidate the bullish thesis. Such a development will open the path for bears to tank Shiba Inu price to $0.0000089. Where is Bitcoin price heading next? In the following video, FXStreet analysts evaluate Bitcoin price action to determine where it will go next and whether altcoins will move in the same direction:
Shiba Inu (SHIB) Creates Double Bottom Pattern After Bounce From May Lows | BeInCrypto

Shiba Inu (SHIB) Creates Double Bottom Pattern After Bounce From May Lows | BeInCrypto

BeInCrypto (BeIn News Academy Ltd), we're writing about crypto. BeInCrypto (BeIn News Academy Ltd), we're writing about crypto. 01.06.2022 22:04
Shiba Inu (SHIB) has increased by 30% since its May 12 bottom and created its first higher low in the process.   SHIB has been falling since reaching an all-time high price of $0.000088 on Oct 28. Initially, the price bounced at the $0.00002 horizontal area. This is an important level since it had previously acted as resistance during the May 2021 old all-time high.    While SHIB bounced at first, it eventually broke down in May. The $0.0002 area is now expected to provide resistance once more. Besides the breakdown, the RSI has also fallen below 50 (red icon), which is considered a sign of a bearish trend. If the downward movement continues, the next closest support area would be at $0.0000065. The area has not been reached since last Sept. SHIB/USDT Chart By TradingView SHIB double bottom The daily chart shows that in the period between May 12 and 29, the price created a double bottom. This is considered a bullish pattern, meaning that it often leads to bullish trend reversals.  Additionally, the pattern was combined with bullish divergence in the RSI (green line). This in turn makes the pattern more meaningful.  If the upward movement continues, the first significant resistance area would be at $0.000017, the 0.382 Fib retracement resistance level. SHIB/USDT Chart By TradingView Short-term breakout SHIB enthusiast and holder @army_shiba tweeted a chart which shows an ascending triangle. He suggested that the price could soon break out. Source: Twitter While it took longer than anticipated, SHIB did eventually break out on May 29 after creating a descending wedge. After the breakout, the price reached a high of $0.0000123 but was rejected by the $0.0000125 resistance area. If the price manages to reclaim this resistance area, it could continue increasing until $0.000014. This would take it to a horizontal resistance area that also coincides with the top of the wedge. SHIB/USDT Chart By TradingView For Be[in]Crypto’s previous bitcoin (BTC) analysis, click here Disclaimer All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.   Source: BeInCrypto
The Main Cryptocurrency (Bitcoin) Has A Potential Breakout

Heavy crypto selloff brings some in, pushes most out! | MarketTalk: What’s up today? | Swissquote

Swissquote Bank Swissquote Bank 20.06.2022 17:00
A massive selloff hit the sector on Saturday and sent the price of Bitcoin below the $18K mark, the lowest level since the end of 2020. Ethereum fell below $900, as smaller cryptocurrencies followed their major peers to the south. Sunday saw a rebound as some dip buyers piled in on belief that Bitcoin may have cheapened enough to catch an interesting dip. In traditional markets, US equities saw some relief at the end of a heavily stressful trading week. The US dollar index is softer, gold consolidates and crude oil is down. Investor sentiment remains tense as ECB Chief Lagarde and Fed Chair Powell testify this week, and there will be a lot of inflation talk on the menu! Watch the full episode to find out more! 0:00 Intro 0:28 The heavy crypto selloff: buy the dip? 5:35 Market update 8:20 Economic events to watch this week 9.21 Corporate events to watch this week Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020. #Bitcoin #Ethereum #selloff #cryptocurrencies #Celcius #Babel #ThreeArrows #buythedip #sell #panic #economic #corporate #calendar #USD #EUR #GBP #XAU #crude #oil #Fedex #Mobilicom #IPO _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH
Altcoins: KuCoin - REV3AL - What Is It?

Altcoins: KuCoin - REV3AL - What Is It?

Kucoin Blog Kucoin Blog 29.06.2022 12:56
Table of Contents: · What is REV3AL? · How does REV3AL work? · What makes REV3AL unique? · Who created REV3AL? · Closing thoughts The online creative industry has for a long time been plagued by counterfeiting and theft. To solve this problem, non-fungible tokens (NFTs) cropped up, giving creators a chance to earn from their work. However, NFTs also made it easy for malicious actors to sell stolen art.   NFT technology does have multiple shortcomings however that affect both creators and collectors. For instance, the technology does not offer details about the original creator of a piece of art. Additionally, it is difficult for IP owners to enforce copyright claims.   NFT collectors also lack ways to verify the authenticity of the digital collectibles they possess. The only way to verify an NFT’s authenticity is by auditing the blockchain which can be a complex task. As a result, the value of the asset can be in question.   Additionally, there isn’t multi-factor authentication for digital assets. This defect forces users to trust traditional contracts or agreements or to accept the NFT’s authenticity of the digital asset based on trust.   REV3AL is launching as a multi-layered authentication and copyright protection technology solution to protect collectors, brands, and IP owners against counterfeiting and intellectual property theft. The technology platform and upcoming API allows artists and creators to secure the authenticity of digital media prior to minting and ensure NFTs are authenticated at the point of creation. This provides IP owners with cutting-edge and dynamic layers of protection against counterfeiting.   On the other hand, collectors can use REV3AL to verify and maintain the value of NFTs and digital media assets. REV3AL offers visual, on-platform, and physical multi-factor authentication of digital assets. Check out what is REV3AL by watching this video on KuCoin YouTube channel: https://youtu.be/NhTrVGFGCNg   How Does REV3AL Work? REV3AL technology applies to any digital assets on or off the blockchain. The REV3AL platform is blockchain-agnostic and features a multi-layer authentication system, secure asset registry, and a portable API solution for seamless integration into multiple platforms.   Through the REV3AL platform, users can authenticate digital media assets before launch, verify the authenticity of NFTs, and reveal counterfeit or altered media. The platform leverages three principles of anti-counterfeit protection. These are overt, covert, and forensic security techniques.   Overt features can be seen without a tool or in-depth interaction, while covert features are obscure and hidden. Forensic features require in-depth knowledge and interrogation or specialized tools to verify.   REV3AL leverages several authentication layers from the above categories to create an effective and dynamic anti-counterfeit solution. Just like a door with multiple keys, passcodes, and biometrics, while a thief might be able to overcome one of the systems, they cannot bypass all protective mechanisms.   REV3AL seeks to prevent multiple forms of counterfeiting, starting from simple screenshots, fake posts/listings, removal of copyrights, and alteration of secure data for digital IDs, certificates, and tickets.   Apart from the certification and authentication solution, REV3AL plans to roll out a secure marketplace and metaverse through partnerships with leading VR/AR players. This marketplace will offer users a curated experience allowing them to view artwork and digital products in dynamic virtual environments.   The REV3AL (REV3L) token will play a massive role in the verification of digital assets, and the REV3AL community will be responsible for enabling these functions, with community members getting incentives for their work.   REV3L will also offer holders the ability to vote on certain marketplace projects, access to community-only sections of the REV3AL marketplace, early access to NFT and artwork auctions and pre-sales, NFT airdrops, and community rewards, among other benefits.   By taking REV3L, community members will get a chance both to earn and contribute to charitable causes as the platform will dedicate a fraction of the yield to support independent and direct charity organizations that focus on mental health, youth empowerment, and the environment.   What Makes REV3AL Unique? REV3AL leverages hybrid technology, which simplifies its use in sec tech, ad tech, and event tech applications. Unlike other anti-counterfeiting platforms, REV3AL is developing a way to view secure data offline including in the physical world.   This feature would further prevent third parties from intercepting data to orchestrate attacks, and by leveraging image encryption, REV3AL hopes to make its solution futureproof and resistant to sophisticated attacks. With multiple future applications for secure messaging, seed phrase storage, and multi-factor authentication, among others.   Who Created REV3AL? The team behind the REV3AL project has decades of combined experience across cybersecurity, technology, product & IP development, and the creative industries. The management team includes Mo Kumarsi as Chief Executive Officer, Adam Russell as Chief Revenue Officer, Eric Prouty as Chief Product Officer, Georgina Woolams-Edwards as Chief Marketing Officer, and Bernard O’Flynn as Chief Technology Officer.   REV3AL also has a robust team of advisors, including Forward Protocol co-founder Karnika Yashwant, NFT Technologies CEO Mario Nawfal, MetaVrse founder Alan Smithson, HBAR Foundation’s Alex Russman, and MetaVgroup co-founder Enzo Wolf, among others.   The REV3AL team has over 50 strategic partners including investment, technology, metaverse, and blockchain partners like Hedera Hashgraph, MetaVrse, Alphabit, MetaVgroup, Emmersive, Near Protocol, Lauchpool, Uplift, TCG World, and Origin, to name a few.   Closing Thoughts REV3AL provides a solution to a problem that is damaging and could significantly slow the growth of the digital asset and NFT markets. Through its proprietary solution, which focuses on creators and collectors, REV3AL positions itself as a leader in the burgeoning web3 ecosystem.     Find The Next Crypto Gem On KuCoin! Download KuCoin App>>> Sign up on KuCoin now>>> Follow us on Twitter>>> Join us on Telegram>>> Join the KuCoin Global Communities>>> Subscribe YouTube Channel>>> Source: KuCoin | Cryptocurrency Exchange | Buy & Sell Bitcoin, Ethereum, and more
Crypto: KuCoin - Wombat (WOMBAT) - What Is It?

Crypto: KuCoin - Wombat (WOMBAT) - What Is It?

Kucoin Blog Kucoin Blog 05.08.2022 12:57
Table of Contents: · What is Wombat? · How does Wombat work? · Who created Wombat? · What is WOMBAT used for? · What makes Wombat unique? · Closing thoughts The gaming industry is rapidly growing, with analysts projecting that the industry will generate $196 billion in revenue this year, up from $178.2 billion last year. As of September 2021, analysts estimated that there were roughly 3.24 billion gamers globally, up from 2.69 billion the previous year.   Interestingly, the trading volume of in-game items surpassed $60 billion in 2021. However, most games in the market are run in closed environments and are under the control of a handful of game publishers and developers. This centralization means only a few entities benefit from selling in-game items.   In closed environments, gamers do not actually own the in-game items despite purchasing them. Additionally, the current games do not compensate gamers for the time spent gaming. The blockchain addresses these challenges by enabling game developers to integrate a play-to-earn (P2E) model.   In a P2E model, non-fungible tokens (NFTs) represent in-game items. Gamers can sell the NFTs and get real-life value whenever they need to upgrade to better tools or when they stop playing the game. Additionally, P2E games reward gamers just for playing.   Although the P2E gaming model is more beneficial for gamers, it faces challenges that inhibit its mainstream adoption. Among these shortcomings include complex onboarding processes, unintuitive interfaces, poor marketplace and trading infrastructure for NFTs, and security issues, to mention a few.   Hoping to address these issues, Wombat launched as a fully-equipped Web3 gaming platform. The Wombat platform features a wallet, NFT gallery, NFT marketplace, game rewards, dApp explorer, token swaps, and Fiat on/off-ramps. For more information about Wombat (WOMBAT), watch the video on KuCoin YouTube channel: https://youtu.be/RRL5DHzbwHk.   What is Wombat? Wombat is an open Web3 gaming platform that launched in June 2019. The project aims to make it easy for traditional gamers to onboard the Web3 gaming space. Wombat strives to become the top social gaming platform, and its efforts have seen it amass over 2.6 million users thus far.   The Wombat platform combines the best traits of Web2 and Web3 by integrating NFTs into AA and AAA titles from leading game publishers. At the moment, Wombat features over 40 games from 20 publishers. The top games on the platform include Dice Dreams, Vikings, World of Tanks, Mech Arena, and Raid: Shadow of Legends.   Gamers on Wombat can discover new games with crypto or NFT monetary mechanisms. They can also store, manage, transfer, and interact with NFTs and cryptocurrencies. Additionally, gamers can share their game progress and NFTs with their gamer friends or communities.   On top of this, Wombat allows gamers to trade, lend, borrow, stack, or swap their crypto and NFTs for fiats on top exchanges or third-party marketplaces.   How Does Wombat Work? The Wombat platform supports nine blockchain networks. These are Ethereum, Polygon, BNB Chain, Avalanche, Fantom, Heco, WAX, EOS, and Telos. To improve the user experience, Wombat covers transaction costs on networks like EOS, WAX, and Telos. Additionally, the platform enables free account creation and automatic, user-driven backup of private keys.   For gamers that want better benefits from the word go, Wombat features a monthly subscription model dubbed Wombat Prime. Wombat Prime enables subscribers to sign 10x as many transactions daily on EOS, WAX, and Telos.   The Wombat app, available on Android, iOS, and Chrome platforms, is at the core of the Wombat ecosystem. Within the app is a dApp explorer, which allows users to interact with dApps that run on any of the above blockchain networks. Also, the app has an NFT Gallery for viewing and completing NFT functions.   Another crucial feature of the Wombat app is the Womplay Game Rewards system, which allows gamers to earn crypto and NFT rewards for playing games. Notably, this system rewards Wombat gamers for playing traditional and Web3 games.   The platform also features Wombat Dungeon Master, a minigame in which participants can use NFTs that Wombat or Womplay have issued to get extra rewards. Gamers need to lock the digital collectibles within the game to unlock rewards.   Who Created Wombat? Wombat is the creation of blockchain gaming company Spielworks. The company’s co-founders are Adrian Krion and Swen Hallasch. Krion currently serves as Spielworks’ CEO, while Hallasch is the company’s CFO. Moritz do Rio Schulze is the firm’s CTO, and Alexander Heckel is Spielworks’ COO.   What is WOMBAT Used For? WOMBAT is the native token of the Wombat protocol. The token functions on multiple chains, increasing its utility and that of Wombat. Spielworks initially minted WOMBAT on Ethereum with a supply cap of 10 billion tokens. However, the firm intends to use bridges like Polygon to enable swift, cheap WOMBAT transactions.   WOMBAT’s primary use is supporting payments within the app. Additionally, the Wombat platform rewards gamers who participate in community activities with WOMBAT. The token is also elemental in VIP staking. Stakers get VIP benefits like earnings boosts, exclusive access to features and NFTs, better chances in NFT drops, discounts, and more.   WOMBAT holders can also vote on some parameters for Wombat’s upcoming NFT marketplace. Additionally, the token holders can vote on some development decisions within the Wombat ecosystem.   What Makes Wombat Unique? Most Web3 gaming platforms leverage wallets like Metamask, which are unsuitable for gaming. However, Wombat stands out by offering users a non-custodial wallet.   This wallet stores a user’s private keys on their device. Alternatively, users can retrieve the private keys and store them somewhere else. Wombat App backs up the details to a user’s Dropbox or GDrive accounts to ensure security.   Closing Thoughts Wombat’s decision to integrate a wallet, dApp browser and NFT marketplace into one app simplifies the onboarding and user experience for traditional gamers looking to embrace Web3 gaming. Also, teaming up with leading Web2 game publishers and studios positions Wombat for success.   Find The Next Crypto Gem On KuCoin! Download KuCoin App>>> Sign up on KuCoin now>>> Follow us on Twitter>>> Join us on Telegram>>> Join the KuCoin Global Communities>>> Subscribe YouTube Channel>>> Source: What is Wombat (WOMBAT) and How Does it Work? | KuCoin Crypto Gem Observer| KuCoin
Shiba Inu (SHIB) Creates Double Bottom Pattern After Bounce From May Lows | BeInCrypto

Meme Coins: Shiba Inu Price: What Do We Learn From The Technical Picture Of SHIB?

FXStreet News FXStreet News 05.08.2022 16:25
Shiba Inu price could flare up to $0.00001679 if the 200-day SMA hurdle crumbles. A stubborn inverse head-and-shoulders neckline resistance may be the only bump between SHIB and a 39% move. The IOMAP metric reinforces the upside target at $0.00001700, where some investors could empty their bags. Shiba Inu price is on the frontline of ushering in the weekend with a daily bullish candle alongside other crypto assets such as Solana, Binance Coin and Polkadot. SHIB’s trading over the last few days has been somewhat sideways. Conversely, a bullish breakout may be in the offing, especially if the token makes a daily close above $0.00001220. Shiba Inu price’s 39% move depends on the inverse head-and-shoulders pattern Shiba Inu price formed an inverse head-and-shoulders (H&) pattern between May and August, as seen in the chart below. Crucial support at $0.00000740 allowed buyers to regain control against the backdrop of dire losses in May. This buyer congestion zone positively influenced SHIB but only up to $0.00001220. Since the H&S pattern is highly bullish, Shiba Inu price has a good chance of sprinting to $0.00001679 – if it can make a clean break above the neckline. For now, buyers must subdue the overhead selling pressure brought to light by the 200-day Simple Moving Average (SMA) on the 12-hour chart. The Moving Average Convergence Divergence (MACD) in the same timeframe would be required to hold above the mean line as well as keep the buy signal intact, affirming a solid bullish grip. SHIB/USD 12-hour chart On the flip side, the 50-day SMA provides immediate support slightly above an ascending trendline. Therefore, in the event of a bearish reversal, Shiba Inu price may recoil at a higher low, as long as the trend line is not broken. From a fundamental perspective, Shiba Inu may exhaust the uptrend in the region between $0.00001400 and $0.00002100. IntoTheBlock’s IOMAP on-chain metric reveals that around 101,000 addresses previously purchased approximately 445.9 trillion SHIB tokens in the range. Shiba Inu IOMAP chart Traders preparing to make the most out of Shiba Inu price breakout to $0.00001679 should consider taking profit at $0.00001400, with the bullish holding out till $0.00001700. These targets factor in overhead pressure as investors sell at their respective breakeven price points.
Forecasts For Q4: The Power And Gas Crisis Will Reach Its Peak

Binance Academy: Optimistic Oralce UMA Explained - What Is It? How Does It Work?

Binance Academy Binance Academy 08.08.2022 12:11
TL;DR UMA is an optimistic oracle (OO) designed to record any knowable truth onto a blockchain.  Oracles are entities that connect blockchains to the outside world. An optimistic oracle is a type of oracle that feeds real-world data into a decentralized system; this data is assumed to be accurate if there are no disputes around it. The optimistic oracle, called a “human-powered truth machine,” aims to introduce flexibility and unlock Web3’s limitless potential with the objective of making global markets universally fair, accessible, secure and decentralized.   Introduction UMA was co-founded in 2017 by Hart Lambur. In December 2018, the UMA project white paper was unveiled, and shortly after, the developers announced an official launch of the UMA project and introduced the USStocks token as the first product on the core network. UMA held an initial liquidity offering in April 2021, the first-ever initial offering of a decentralized exchange on Uniswap.  UMA, which stands for Universal Market Access, is an optimistic oracle that secures markets and smart contracts across Web3. Due to imperfect or inaccurate information, off-chain data needed to meet conditions for smart contracts may be insufficient or incorrect. Current oracles are too rigid as they feed singular values and are unable to account for other forms of data. To accomodate imperfect information, OOs incentivize people to verify the accuracy of data, facilitating advanced data verification with a human element.     How does UMA work? There are three actors in UMA’s Optimistic Oracle system: the contract requesting the data, the participant offering the data, and a potential disputant, who can dispute data if they disagree. Request UMA’s OO incentivizes its network of token holders to ensure that accurate data is supplied on-chain. The OO can provide any data through its community of token holders, adding a human element to its data verification process.  Propose Typically, the contract asks for data and specifies a dispute period (which can range from a few minutes to a few days). The proposer posts a bond and offers a data point, which is up to being disputed. After the dispute period has passed, the data is assumed to be true and is delivered to the blockchain, and the proposer gets their bond back. Within the dispute period, someone  may feel that the data is inaccurate and challenge it. Dispute Sometimes, there may show up a disputer who disagrees with the proposer’s data. The disputer posts a bond as well, and the dispute goes to a vote. UMA token holders resolve the dispute within 48 hours. If the disputer is right, they get a portion of the proposer's deposit as a reward; if the disputer is wrong, they lose their deposit as a penalty, a portion of which goes to the proposer. Voting in the oracle has three phases:  Open voting: A 24-hour period when the vote is recorded. Voting confirmation: A period when users’ votes are revealed and the results are tallied. Reward claim: A period where users who voted “correctly” can claim the reward in UMA tokens generated by the protocol. Rewards will compound as they are claimed. Claiming the rewards places the tokens in users’ wallets, making them active voting tokens that will increase the user’s voting power with each successful vote. UMA’s smart contracts are designed primarily for developers building decentralized applications. However, all UMA token owners can participate in UMA’s optimistic oracle. UMA is a ERC-20 token built on Ethereum that can be held in wallets like Metamask, Trezor, or Ledger, which must be connected to the UMA DApp to enable voting.   What makes UMA unique? UMA's OO provides human-powered data dispute resolution between smart contracts. Unlike standard price-feed oracles that are rigid and only provide singular, repeatable values onto a blockchain, OOs provide a way to reconcile imperfect or ambiguous data between smart contracts. OOs are more flexible than other oracles because they can provide any kind of knowable truth from off-chain, like a sports score, weather conditions or election results, which makes such systems’ potential for Web3 limitless.    What is the UMA token? UMA is an ERC-20 token and the foundation of the UMA security model. As mentioned, holders of the token can take part in community voting on disputed data. UMA holders earn rewards when they participate in voting. An inflationary reward equal to 0.05% of the current UMA supply is distributed to active voters each time the network goes to vote.  Token holders are also involved in governance, protocol upgrades, and system changes. The initial supply of the token was 100 million. In April of 2021, UMA hosted the first ever initial decentralized exchange offering on Uniswap, with an initial price of 0.26 USD. Of the remaining 98 million tokens, 48.5 million were reserved for the founders of the project, 35 million tokens were allocated to the developers of the network, and 14.5 million tokens were put aside for future sales.  In 2021, Risk Labs, the foundation that had initiated UMA, transferred 35 million tokens to the UMA DAO, allowing UMA token holders to vote on when and where to deploy these funds for the ecosystem’s growth.   What’s next for UMA? UMA’s business development team is focusing on two industry segments: prediction markets and insurance.  Currently, risk management platform Sherlock uses UMA’s oracle as a backstop for their insurance policy dispute system. Polymarket, an information markets platform, will soon be able to ask UMA’s OO questions that other oracles could not trustlessly handle.  UMA is also expecting to see considerable growth in DAO tooling for governance and incentives. Outcome.Finance, powered by UMA, is offering DAOs ways to run trustless incentive programs. Risk Labs is the team and foundation behind UMA, as well as its partner organizations, Across Protocol and Outcome.Finance. UMA and its OO are currently supporting the Across cross chain bridge.   How to buy UMA on Binance?   You can buy UMA on cryptocurrency exchanges like Binance.  1. Log in to your Binance account and go to [Trade] -> [Spot].  2. Type “UMA” on the search bar to see the available trading pairs. We will use UMA/BUSD as an example. 3. Go to the [Spot] box and enter the amount of UMA you want to buy. In this example, we will use a Market order. Click [Buy UMA] to confirm your order, and the purchased UMA will be credited to your Spot Wallet.     Closing thoughts UMA’s Optimistic Oracle has secured hundreds of millions of dollars since its launch in 2018. As builders begin to understand and incorporate optimistic oracles, there may come a time when OOs are central to a variety of protocols, DAOs, integrations, and products.
Crypto: How To Estimate A Risk And Take A Profit?

Crypto: Binance Academy - Band Protocol (BAND) - What It Is? How Does It Work?

Binance Academy Binance Academy 08.08.2022 12:47
TL;DR Band Protocol (BAND) is a data oracle platform that provides services to multiple projects across different blockchains. It uses a Delegated Proof-of-Stake consensus mechanism where delegators, validators, and nodes stake the native token BAND to participate. Requests for off-chain information are gathered by validators, committed to the chain, and then distributed to the requesting DApps.   Introduction Blockchain and Decentralized Finance (DeFi) have changed the status quo of the world’s financial system within ten years. However, one significant obstacle Decentralized Application (DApp) developers face is accessing reliable, accurate real-world data. These data sources are located outside the blockchain and must be integrated on-chain. To try and solve this issue, oracles like Band Protocol have become commonplace in the crypto ecosystem.  Learn more on Binance.com What is Band Protocol? Band Protocol (BAND) is a cross-chain data oracle platform that aggregates real-world data and connects it to APIs and smart contracts. Founded in 2017, Band Protocol enables information exchange between on-chain and off-chain data sources for DApps. Originally built on the Ethereum (ETH) blockchain, the protocol transitioned to the Cosmos network in June 2020 to lower gas fees and optimize costs.  As an oracle network, Band Protocol is a middleman between real-world, off-chain data and blockchains. Their service allows smart contracts to execute based on actual off-chain events and information. Without reliable oracles, DApps struggle to operate in a trusted, decentralized manner with transparent information sources.   How does Band Protocol work? Band protocol uses the independent BandChain blockchain built using Cosmos SDK. Developers can use BandChain to develop customizable oracle scripts providing off-chain real data for DApps and smart contracts. Customizable oracle scripts include data, the data source, the number of validators required to report the data, and the methodology for aggregating the data. Executing an oracle script begins the following flow: 1. A DApp requests data according to its customized oracle script. 2. This request is received by a randomized set of validators, who respond by pulling data from the specified data source. 3. Data reports from the different validators are aggregated according to the customized oracle scripts. 4. This final aggregated data is permanently stored on BandChain, and an oracle data proof is produced. 5. The validated oracle data is transferred to the DApps or blockchains that made the request.   What consensus mechanism does Band Protocol use? Band Protocol uses its native BAND token and a Delegated Proof-of-Stake consensus mechanism to secure its oracle network. BandChain currently has over 90 professional and community node operators working on the blockchain. Each node operator must stake BAND tokens on the network to disincentivize malicious behavior. As a reward for successfully processing data requests, validators get a share of query fees and block rewards. As a BAND token holder, there are two ways to participate in the network: as a validator or a delegator. Validators on the BandChain are also required to stake BAND tokens to ensure data accountability. Token holders can either stake or delegate their tokens to validators to earn staking rewards and collected data request fees. Furthermore, BAND tokens are also used for the protocol’s governance mechanism.   What are Band Protocol’s key goals? Most of Band Protocol’s attractive qualities come from its transition from Ethereum to Cosmos. The project was created with three design goals: 1. Speed and scalability - Serving a large number of data requests with minimal latency. 2. Cross-chain compatibility - Being blockchain-agnostic and able to serve most publicly available blockchains. 3. Data flexibility - Supporting different methods of retrieving and aggregating data with a generic system. How does Band Protocol attempt to achieve these goals? The Cosmos network’s unique IBC (Inter-Blockchain Communication) protocol provides speedy interoperability and autonomy for blockchains. This feature allows Band Protocol to service and partner with projects built on different networks, including Ethereum, Fantom, Avalanche, and many more.  The Band Standard Dataset includes a collection of over 80 data feeds from a growing number of data sources. These decentralized price feeds allow DApp developers to be creative, agile, and flexible when developing and deploying on the blockchain network.   Closing thoughts Band Protocol is a growing oracle solution provider with a fixed focus on enabling Web3. Its aims of a fast, scalable, customizable and interoperable service should prove attractive to developers that are looking to become part of the Web3 ecosystem.
Will September Be A Challenge For Cryptocurrencies Market?

STP (STPT) Coin - What Is It? - Binance Academy | Altcoins

Binance Academy Binance Academy 09.08.2022 15:32
TL;DR STP aims to optimize the current state of Decentralized Autonomous Organizations (DAOs). It offers solutions to streamline existing fragmented DAO tooling, create DAOs without coding knowledge, and manage DAOs more efficiently. Ultimately, a holistic DAO ecosystem would lower fees and increase transaction speed to promote adoption. Introduction Decentralized autonomous organizations (DAOs) are community-led, transparent, and fully independent entities that run on the blockchain. DAOs are typically built on layer-1 networks, and due to scalability limitations they inherit from these blockchains, activity on DAOs can often be slow and expensive. In addition, although there is an abundance of DAO tooling in the market, the crypto space remains fragmented across multiple chains and tools. As DAOs continue to gain traction, it’s important to ensure a smooth and efficient onboarding process for projects and users. In 2021, STP launched Verse Network, a full suite of native tools and infrastructures facilitating efficient decentralized decision-making for users, communities and organizations to streamline the creation and management of DAOs. Through Verse Network, users can access a suite of no-code DAO tools to launch and manage their DAOs on the blockchain.  Learn more on Binance.com How does STP work?  STP offers solutions for DAO creation, management, as well as governance using their all-in-one DAO tool, Clique. Clique helps alleviate the fragmentation of DAO tooling by providing a comprehensive dashboard for users to manage all their activity across multiple DAOs. It also helps to sync information & updates from multiple DAOs. As the number of DAOs continues to grow, members can streamline their workflow using Clique, maximizing their efficiency with a better user experience.  Here are some other ways Clique can be used: DAO creation Clique provides a full suite of no-code tools and infrastructure for projects to build DAOs in the Verse ecosystem. All aspects of DAO creation can be executed directly on Clique, including: Selection of a template for DAO creation, including Membership DAO, Project DAO, and Investment DAO Issuance of new tokens and bridging existing tokens for cross-chain capabilities Implementation of custom token distribution schedule with reserved token allocation  Customization and execution for whitelist and public sale Issuance of DAO token for governance Clique offers templates that work for DAOs across different use cases and industries while still providing users with options for additional customization. Using Clique, projects can maintain high flexibility in creating their on-chain DAO without the need to create smart contracts. Projects are able to have a say in token creation, token distribution, and public sale, as well as configure the governance structure of the DAO. This includes rules for minimum holdings for a variety of governance and DAO mananagent activities such as proposal creation and voting.  DAO management and governance ​​Once a DAO is created and launched on Clique, the decentralized app (DApp) also allows community members to browse, govern, and socially participate in their projects through an aggregated dashboard. Appointed managers can also oversee and track their DAO’s governance and social activity. Managers can analyze activity metrics in comparison to other DAOs. In turn, DAO members are able to view DAO contributions and track activity in the DAOs they chose to join.  Below are DAO management features on Clique accessible to DAO managers and members: Accessing an aggregated dashboard to manage all followed DAOs, created DAOs and asset holdings for the user. Browsing all featured or followed proposals and social posts. Browsing ongoing events across the universe of DAOs on the Verse, including pinned and attended events. Viewing DAO participation, including voting on proposals, social interaction through discussion forums, public profile tracking, etc. For managers, overseeing and tracking DAO governance and social activities across all members, and analyzing their activities compared to other DAOs. Monitoring active participation among members Apart from token holdings, Clique also allows members to observe how active other members are by tracking various key participation metrics. This includes voting frequency, number of proposals made, social posting, analytical work, token management, and so on. With Clique, DAO members can track all of these activities, as well as future DAO proposals and events in the streamlined dashboard.  Cross-chain governance with Data Bridge The Verse Network’s Data Bridge enables cross-chain governance for DAOs. The Data Bridge serves as a cross-chain synchronizer to communicate data and voting results between the DAO’s original chain (Ethereum) and Polygon, where Clique is located.  On the Polygon chain, the governance contract allows users to create and vote on proposals. The voting power of a user is determined by the snapshot of their token holdings at the time a proposal is created.  Validator nodes store historical data and snapshots from Ethereum as a certificate in order to deliver user signatures on Polygon. The certificate includes the corresponding token holdings of each user. Users can create and vote on proposals using their signature, with each unique signature being validated by the contract.  What is STPT? The native token of STP is called STPT. Token holders can use STPT to vote for governance proposals related to its ecosystem and future development. STPT is also used to access the full suite of tools on Verse including Clique and Data Bridge. Closing thoughts STP is working towards an inclusive DAO ecosystem that can be used by anyone. The suite of tools available on Verse Network allows for easy DAO creation and management as it aims to unify the DAO space and encourage adoption.
S&P 500 Gained 2.1% Yesterday, Bitcoin Increased By Over 3%, Nasdaq Added 2.9% - Yesterday's US CPI Print Helped Various Assets

S&P 500 Gained 2.1% Yesterday, Bitcoin Increased By Over 3%, Nasdaq Added 2.9% - Yesterday's US CPI Print Helped Various Assets

Daniel Kostecki Daniel Kostecki 11.08.2022 14:11
Yesterday, the US inflation report was released, which came in at 8.5% in July. The market did not expect such a large drop, estimating a level of 8.7% before the data was released. The stock markets reacted positively, and the major equity indexes rose significantly. The S&P 500 gained more than 2.1% during yesterday's session and the Nasdaq almost 2.9%. Bitcoin And Ethereum Cryptocurrencies, however, reacted most noticeably - on the Conotoxia MT5 platform, Bitcoin gained around 3.3% yesterday. And today, it continues its rise, breaking through the local peak of $2,485 on 30 August 2022. At 11.30 am GMT+3, the price of BTC is $24,471. The ETH price has risen even more strongly after a surprisingly low inflation reading. Ethereum gained more than 8.5% yesterday, and at 11.30 GMT+3, it is already up more than 2.3%. The token already costs $1,887 - its highest recorded level since 6 June this year. Reaction The market's reaction has a lot to do with expectations of interest rate hikes, which fell after the US inflation reading. However, it is still a long way from calling it a permanent decline. Inflation is still at its highest level in decades and the economy is operating in an environment of negative real interest rates. According to CME Group data, the Federal Reserve (Fed) is likely to push rates even higher. Currently, the Fed Funds Rate is at just 2.5 pp, the level before the Covid pandemic. The CME Group estimates that we will still reach the 3.25 pp level this year, and peak in 2023 at 3.5 pp. However, as for the 2023 projections. The Federal Open Market Committee (FOMC), which decides them, is already much less unanimous and a lot may still depend on the information coming out of the economy. US Economy - Most metrics - such as the yield curve, consumer sentiment, and economic growth - point to a recession Information on its state in the US is not pleasing. Most metrics - such as the yield curve, consumer sentiment, and economic growth - point to a recession. The labour market, which is surprisingly strong at the moment, is reacting last and is likely to become further evidence of a crisis soon. The cryptocurrency market has never been in such a severe recession, so it is hard to determine exactly how it will behave. For now, the data shows a relatively high level of correlation between it and the stock market. This is not good news, as the latter almost always loses in a crash. Polygon (MATIC) Polygon (MATIC) is an Ethereum token that powers the Polygon network, which is a protocol for building Ethereum-compatible blockchains and decentralised applications (DApps). Polygon is also referred to as a 2nd level (2nd level) solution to help Ethereum to scale faster, by increasing the efficiency of the network. On Wednesday, Polygon shared data on user growth. Their total number in July was 11,800, gaining 47.5% since March and up 400% year-to-date. Interestingly, according to the project, "74% of teams integrated exclusively on Polygon, while 26% deployed on both Polygon and Ethereum,". This shows a very high level of confidence in the new technology, which can be the new foundation for the development of DApps. Since the local low on 19 July this year. MATIC has risen almost 172%. Trading on CFDs is provided by Conotoxia Ltd. (CySEC no. 336/17). CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Ethereum’s Merge Is The Most Influential Events, The Change In Verifies The Transactions

ETH Steals The Show! Ethereum Price (ETH/USD) Gradually Moves To $2K Level. BlackRock Capital Has Started A BTC Fund!

InstaForex Analysis InstaForex Analysis 12.08.2022 14:18
Relevance up to 10:00 2022-08-13 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Ethereum is getting closer to the key resistance level of $2,000 every day. It is important to reach this psychological level during the ongoing uptrend. Institutional investors add fuel to the growth. Their inflow has increased significantly amid the transition of ETH to the Proof-of-Stake algorithm and the recent news.     The ETH/USD pair has fixed above $1,800 and formed a strong support area near that level. After forming the bullish engulfing pattern on August 10, the asset dashed to the level of $1,950 but rolled back because of the bearish activity. As a result, bulls were forced to retreat and the candlestick acquired a long upper shadow. Nevertheless, ETH is holding above $1,850, and as long as this level is not broken through, the asset may reach the area of $1,900-$2,000.     Eventually, ETH formed a bullish large-scale cup-and-handle pattern. This pattern may drag the price to the area of $2,700-$2,800. Taking into account the presence of the fundamental positive background and the successful mergers of the test ether networks, it is likely that the cup and handle pattern will be worked out by the middle of September. With this in mind, we can conclude that it is Ethereum that will be the main driving force of the crypto market during the next few months.     As for the technical picture, the asset started a consolidation after failing to touch the area of $1,950-$2,000. The RSI is moving near 70, indicating high buying activity. However, after testing 70, the metric has flattened. The stochastic oscillator managed to break through the level of 70 and enter the overbought zone. This means the asset is overbought and this state will increase with the positive sentiment in the market. The MACD indicator has gained an upward direction after a long flat period. As a whole, from the technical point of view, ether demonstrates the demand but prepares for a correction.     Most likely, this is where the market will face the first full-fledged correction due to the long upward movement. On the weekly chart, the ETH/USD pair is likely to close the sixth bullish week. If we compare it to the cryptocurrency's recent uptrends, we see that for the most part, the altcoin goes for a correction after forming six or seven green candlesticks in a row. Ethereum is close to the sixth one and we are likely to see a correction already next week.     Dependence on Bitcoin may hamper the cryptocurrency's uptrend. In recent months, the level of BTC dominance was falling, while ETH, on the contrary, was growing. Mostly, it was due to the Fed policy and the presence of fundamental reasons for the growth of ether. It is likely that soon the situation will change since the rate of inflation began to fall.     Investments in BTC will gradually begin to increase, which will be a deterrent to the growth of ETH. Among the latest news related to these processes is the announcement of the BlackRock Capital fund. The largest $10 trillion asset management company has launched a new BTC fund for its clients. In the medium to long term, this bodes well for a significant increase in institutional investments in Bitcoin.     All of these factors can negatively contribute to the future growth of Ethereum, but they have no fundamental effect. With this in mind, Ethereum is very likely to remain the main cryptocurrency in the coming months. However, in the short term, we should expect a correction, which the altcoin needs after a prolonged six-week rally.   Read more: https://www.instaforex.eu/forex_analysis/318802
A Gamechanger For DOGE Fans!? What Is Libdogecoin? | Dogecoin Price (DOGE) Price Development Is Impressive!

A Gamechanger For DOGE Fans!? What Is Libdogecoin? | Dogecoin Price (DOGE) Price Development Is Impressive!

InstaForex Analysis InstaForex Analysis 17.08.2022 15:47
Relevance up to 09:00 2022-08-18 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.   The oldest and most beloved meme coin in the cryptocurrency ecosystem, Dogecoin (DOGE), continued its growth Tuesday, despite the weakness in the market as a whole. Data shows that the price of DOGE rose 21% from a low of $0.075 in early trading to an intraday high of $0.0917 before pulling back to $0.085.     The main source of momentum driving the growth of DOGE is the growing excitement among the supporters of the Dogechain cryptocurrency, which is compatible with the Ethereum smart contract network built using the Polygon Edge framework. Dogechain is positioned as the second layer for Dogecoin and will allow users to connect DOGE to the network to access their applications. Once a user successfully connects DOGE to Dogechain, they will be granted an equal amount of Dogecoin (DOGE). The need to connect DOGE to Dogechain has created positive buying pressure on the token, driving its price up 38% over the past week. Earlier in August, the new Ethereum virtual machine (EVM) compatible network was officially launched and has recently begun to gain momentum. With the new smart contract capabilities available to the Dogecoin community, Dogechain has already launched several Uniswap-style automated market makers, including DogeSwap and DogeShrek, where users can trade tokens launched on the Dogechain network. The second factor that contributed to the development of DOGE was the release of the Libdogecoin protocol, a project that will allow users to develop products that comply with the Dogecoin network standards. Libdogecoin allows developers to develop protocols for the network without the need for a node, helping to make the network more useful. Recently, a developer named Shafil Alam announced that he had compiled Libdogecoin for iOS and Android devices, helping to expand the reach and accessibility of the protocol. This will allow the community to create more mobile applications designed specifically for the Dogecoin ecosystem. As part of the move towards mass adoption of DOGE, Libodogecoin has already served as the basis for the development of new projects on Dogecoin, helping to launch projects such as RadioDoge and GigaWallet.   Read more: https://www.instaforex.eu/forex_analysis/319144
Due To The Strong Downside Trend Bitcoin Has A Potential For The Bigger Drop

Shocking Prediction: Could Be Crypto Market Calm Until The End Of September!? DOGE-ETH Bridge Is Said To Be Launched This Year!

Alex Kuptsikevich Alex Kuptsikevich 24.08.2022 09:43
Market picture Bitcoin has added 2% in the past 24 hours to $21,400. Ethereum added 4.6% to $1640, while top altcoins added between 0.9% (Dogecoin) and 4.4% (Polkadot). Total cryptocurrency market capitalization, according to CoinMarketCap, rose 2.2% to $1.03 trillion overnight. The Cryptocurrency Fear and Greed Index fell 3 points to 25 by Wednesday and went from "fear" to "extreme fear". Unlike stock indices, Bitcoin has not fallen but has appeared as if it is disconnected from the market, having reached an equilibrium between the sell-off lows of late July at $20.5K and $22.5K. The technical picture looks like a consolidation before a new downward momentum, potentially to the lows near 17600. BTCUSD could update that low if the decline gets caught up in the storm of falling stock markets. But it is too early to bet on this. News background CoinShares strategy director Meltem Demirors believes that because of the holiday season, we should not expect significant changes in the cryptocurrency market until the end of September. According to SkyBridge Capital CEO Anthony Scaramucci, bitcoin cannot yet act as an asset to hedge inflation as adopting the first cryptocurrency is not enough. According to Arcane Research, Bitcoin could become one of the world's leading power consumers by 2040. Developers of the Dogecoin Foundation have reported that a DOGE-ETH bridge will be launched by the end of the year to move DOGE from the Dogecoin blockchain to the Ethereum network and back again.
Crypto: Ethereum - Altcoin Correction Completed?

Crypto: Ethereum - Altcoin Correction Completed?

InstaForex Analysis InstaForex Analysis 25.08.2022 16:14
Relevance up to 10:00 2022-08-26 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Ethereum is on the eve of a key event in its history, but even this did not keep the altcoin from falling. The cryptocurrency fell along with the entire market and tested the support level at around $1500. ETH managed to stop the fall and realize a local bullish momentum, gaining 4.5% over the past day. However, the asset has lost 7% of capitalization over the past seven days. As of August 25, Ethereum reached $1700, but should this be regarded as the end of the correction? On the daily chart, we see the full viability of the altcoin's local bullish momentum. Ethereum formed four uncertain candles in a row, indicating a decrease in overall trading activity and an advantage for buyers. The altcoin has reached a key support zone, which is on par with the final part of the bullish cup and handle pattern. Keeping the bullish pattern intact indicates that strong buying sentiment continues, suggesting a continued rise in the price of ETH. Technically, Ethereum also looks poised for a renewed upward trend. The main metrics of the asset indicate the activation of buyers and the presence of bullish momentum. The Relative Strength Index fell below 40 but then reversed upwards and crossed the 50 mark. The movement of the RSI directly indicates growing buying volumes and the presence of bullish momentum. The Stochastic Oscillator also confirms the price reversal and forms a bullish crossover near the oversold zone. The MACD also reverses and does not enter the red zone, which is an important bullish signal. Ethereum technical indicators indicate the final price reversal and the completion of the corrective movement. The main on-chain metrics also show an upward movement, which indicate a fundamental confirmation of the price rebound. The number of unique addresses on the ETH network has been showing strong growth since mid-August, suggesting an influx of new users and investments. This fact is confirmed by the growth in transaction volumes in the Ethereum network, which indicates a growing interest in the altcoin network. In other words, after a local correction, which was of a healing nature, Ethereum again attracts investors due to the fundamental factor for growth. In addition, there is an active accumulation of ETH coins by large buyers and miners. This creates a shortage of ether coins, which is especially valuable after inflation peaks in early August due to low fees on the ETH network. Active accumulation by long-term investors and a local decline in the overall trading activity in the Ethereum network had a positive impact on the cryptocurrency. According to the New supply on-chain indicator, the number of new coins is decreasing, creating an additional shortage of ETH in the open supply. However, despite all the positives, it is important to consider the correlation between ETH and BTC. In the coming days, there will be a Jerome Powell symposium, and statistics on unemployment and US GDP growth will also be published. This data can significantly affect Bitcoin, which, in turn, will pull Ethereum along with it. Therefore, if the medium-term prospects of ETH are not in doubt, then everything will depend on Bitcoin regarding the short-term situation.   Source: Forex Analysis & Reviews: Ethereum holds above $1500: altcoin correction completed?
Kucoin: Altcoins - Metaverse.Network & Bit.Country (NEER) - What Is It?

Kucoin: Altcoins - Metaverse.Network & Bit.Country (NEER) - What Is It?

Kucoin Blog Kucoin Blog 29.08.2022 08:06
Table of Contents: · What is Metaverse.Network & Bit.Country (NEER)? · How does it work? · Who created the NEER? · What is the NEER token used for? · What makes it unique? · Closing thoughts Talks about the metaverse have taken on a life of their own in recent years. From giant tech companies to regular joes, it seems like everyone is trying to get a piece of the Metaverse pie. However, what if it were possible to build a metaverse you can control without all of the headaches that come with getting the right skills and building one resource at a time?   Imagine launching your metaverse with a narrative that is completely in your control. You could even go ahead and deploy decentralized applications that deliver experiences never before possible with collectibles, smart contracts, and NFTs designed for varying purposes, including e-commerce, gaming, social media, and more.   Well, this is precisely what Bit.Country & Metaverse.Network Pioneer (NEER) is working to facilitate. Metaverse.Network is an L1 blockchain that is being built on Kusama, the canary network of Polkadot and will serve as the foundation for an entire metaverse ecosystem of decentralized applications (DApps). This project is set to be the foundation of space and time in a Web3 world where anyone can develop a metaverse as easily as creating a WordPress site.   What is Metaverse.Network & Bit.Country (NEER)? Bit.Country Pioneer (NEER) is the first decentralized metaverse application to be built on the Metaverse.Network blockchain. Bit.Country allows users to interact directly with the Metaverse.Network layer 1 blockchain. Using the Bit.Country browser-based app, regular users, and developers can access the blockchain and create metaverses without any technical skills. Metaverse.Network is a Substrate-based blockchain that is custom-made and open for metaverse projects. It is connected as a Parachain to the Kusama relay chain. Bit.Country & Metaverse.Network Pioneer is the canary network and will transition to the Polkadot relay chain when Bit.Country & Metaverse.Network when ready for mainnet launch.   The Metaverse.Network platform on the other hand is an EVM-compatible blockchain containing all the protocols required for developing Metaverses and DApps. Metaverse.Network is a high-performance public blockchain that supports smart contracts, NFTs, and dApps.   How Does It Work? The Bit.Country & Metaverse.Network project work together to provide users with an easy way to create metaverses and deploy DApps. The Metaverse.Network is the underlying blockchain that provides the protocols required for metaverses and DApps. The Bit.Country app allows regular users and developers to access the Metaverse.Network and create Metaverses without any previous technical knowledge.   At its core, the project aims to drive a community-first approach that will enable Bit.Country & Metaverse.Network to become the Metaverse OS for a new Web3 internet. This will be done by making it easy for anyone to develop a Metaverse and deploy DApps without the need for expensive hardware or hiring skilled developers.   Metaverse.Network utilizes Substrate technology which is the same technology that powers Polkadot and Kusama. It features a low gas fee NPoS consensus mechanism, and a metaverse-specific NFT Standard. Metaverse.Network is also cross-chain enabled allowing it to connect with other blockchains such as Ethereum, Bitcoin, and more.   As an EVM-compatible blockchain, Metaverse.Network can support all Ethereum-based DApps and therefore can run on Solidity. This means that Metaverse.Network can act as a "sidechain" for Ethereum and process transactions at a much faster rate than Ethereum's mainnet. This makes the Metaverse.Network blockchain scalable due to its sharding technology which allows it to process more transactions per second as the ecosystem grows.   Overall, this project is set to be the foundation of space and time in a Web3 internet where anyone can develop a functional, efficient, and affordable metaverse with ease.   Who Created It? The Bit.Country & Metaverse.Network project is led by a team of experienced blockchain developers and entrepreneurs. The team has a strong vision for the future of the metaverse and is building a community-first approach that will enable Bit.Country & Metaverse.Network to become the foundation for creating metaverses in a Web3 internet.   Metaverse.Network was created by Metaverse Foundation, a non-profit organization based in Singapore. Metaverse Foundation is dedicated to the development of Metaverse and its ecosystem. Formed and officially launched in March 2021, the foundation will also be used to set up grants and bounty programs as incentives for value creation in the Metaverse.Network ecosystem.   What is The NEER Token Used For? The Bit.Country & Metaverse.Network project uses the NUUM token which is the network's currency, and the NEER token which is similar to NUUM but only useful on Bit.Country Pioneer as a canary network for Metaverse.Network   The NUUM token is used to pay transaction fees on the Metaverse.Network blockchain. This token can be used as the universal currency for purchasing resources such as NFTs and Land Blocks on the Bit.Country marketplace.   The NEER token on the other hand operates on the Bit.Country Pioneer canary network where it operates as a smaller token with the same capabilities as the fully-fledged NUUM token. Users can use this token to test out Metaverse.Network's features and functionality before the mainnet launch.   What Makes It Unique? The Metaverse.Network & Bit.Country is unique in its approach to the metaverse. While most metaverse projects scramble to create a centralized system, this project has its focus on a community-owned and created network of metaverses and dApps. The project utilizes Substrate technology which is the same technology that powers Polkadot and Kusama.   It features a low gas fee NPoS consensus mechanism, which is optimized for Metaverse applications. In addition, Metaverse.Network will be the first L1 Metaverse blockchain that focuses on providing metaverse as a service (MaaS) and Bit.Country will be the world's first Dapp to facilitate interoperable and functional user built metaverses. The project also has a strong team with members who have worked in various related fields since 2018.   Closing Thoughts The Bit.Country & Metaverse.Network is unique in many ways. Not only is it the world's first blockchain for Metaverses and DApps, but it is also one of the most ambitious projects in the space. The team behind the project has a clear vision and is working hard to make their vision a reality.   The Metaverse-Foundation has already raised over $20 million and has a strong community backing the project, with big-time industry VC firms such as Animoca Brands, Walsh Wealth Ventures, and Hypersphere Ventures backing the project. The Bit.Country & Metaverse.Network project has the potential to change the game by providing a Metaverse-specific blockchain that is scalable, user-friendly, affordable, and secure.     Find The Next Crypto Gem On KuCoin! Download KuCoin App>>> Sign up on KuCoin now>>> Follow us on Twitter>>> Join us on Telegram>>> Join the KuCoin Global Communities>>> Subscribe to YouTube Channel>>> Source: What is Metaverse.Network & Bit.Country (NEER) and How Does it Work? | KuCoin Crypto Gem Observer| KuCoin
Oil seesaws, gold edges higher

($GARI) Gari Network's Future Looks Bright As Investors Await New Advancements.

Rebecca Duthie Rebecca Duthie 06.05.2022 10:22
Summary: A look into the Chingari network. The launch of the latest version of the GARI token. Price of GARI in the future. Gari Panda.   Read next: (SOL) Solana Coin Continues to Grow - Popular Altcoins, SOL: What Is It & How Does It Work?    Chingari App is a short video-sharing app. Chingari App is a short video-sharing app that pays its content creators based on how viral their videos become. With every upload, creators get points per view which can be exchanged for money. Chingari has been labelled India's version of Tiktok. Chingari has partnered up with Solana to build and launch GARI on a decentralised exchange in 2023. GARI was India's first crypto token. GARI was India's first crypto token launched in October 2021, the public sale raised over $40 million. These funds will be used to expand the chingari team and enhance technology and to increase market initiative to strengthen the brands reach. GARI token is referred to as a social token; this type of token is one where a brand, influencer or community can use to monetize themselves beyond the typical means. $GARI NFT marketplace acts as both an in-app currency and as a governance token. Chingari is the largest on chain social graph on web3. $GARI NFT marketplace, which will launch in 2023 acts as both an in-app currency and as a governance token. This will give creators the authority over future platform development. Recall that non-fungible tokens (NFTs): are unique cryptographic tokens that exist on a blockchain and cannot be replicated. They represent a real-world item, by purchasing these real world items through NFTs, it makes purchasers less vulnerable to fraud and the process of buying and selling more efficient. Chingari Mission: Their mission is: “Our mission is to institutionalise space, and promote the growth and advancement of the underlying ecosystem and technology behind digital assets and blockchain.” Short video + short social + social commerce + social ed-tech + social entertainment on blockchain. Chingari aims to empower video content creators worldwide with blockchain. Chingari aims to empower video content creators worldwide with blockchain. Chingari is a cryptocurrency that was created in india; In 2020 Chingari noticed there were only limited avenues social media influencers could go down in order to make money on their social media platforms, Chingari saw this as an opportunity and ended up sharing 30% of their revenue earned on the platform with the creators. GARI is disrupting the influencer, digital artist and videographer economy - by allowing these creators to make money in crypto for creating and sharing their content. Ways to make money in GARI crypto in the future: Play-2-earn: Earn GARI tokens by playing games in the App. Watch-2-earn: earn Gari tokens by watching videos. Engage-2-earn: like and comment on videos on the chingari app and earn Gari tokens. GARI NFT token launch date timeline: In august of 2021, chingari began the development work for the GARI NFT token, they even managed to get funding from Solana to help fund their token creation. Since then the developers have been running simulations to test the token's resilience. In Q1 of 2022 the token developers created all the more defining elements of this coin such as the smart contracts and exchange listings, this quarter also saw the NFT and exchange wallet drops. Going forward there are still aspects to the coin that need to be defined and released, the launching of the $GARI NFT token in the United States and Europe is set for 2023. GARI Panda, What is it and how will it work? GARI Panda is an exclusive collection of 9,999 unique panda NFTs on Solana, this feature aims to bring unique & real world utilities to holders. In the future if advertisers wish to run advertisements in the Chingari app, they will need to own Gari Panda NFTs. These Gari Panda NFTs grant access to NFT-only perks such as: Exclusive access to chingari ads club. Music and video streaming revenue-share. Participate in future business opportunities initiated by the GARI community. Exclusive access and earning from P2E games. Advantages of buying and holding a Gari Panda NFTs: Access to the Chingari Metaverse: this gives users access to a platform for virtual gigs by celebrities and influencers, Virtual Reality experience is also currently being built on the app. Access to Rewards. Chingari Panda Club: Exclusive invites to “invite-only” parties with celebrities who collaborate with chingari. Influence over the Chingari platform and community. Partnership NFTs: GARI will launch partnership NFTs with music and video streaming platforms. Ownership of independent movie production house on Chingari multiplex. NFT staking: panda NFTs would be used as a reward booster for Gari staking, in the future NFT holders will be able to stake their NFTs to earn GARI tokens. Price of Gari Network The current max supply of GARI is 1 billion coins, the current market capitalization and the circulating supply is not currently available. The price of GARI network today is $0.639449. There is potential for this coin to grow in value in the future, although actual estimates are speculative, investors believe it is possible for the tokens price to reach $7 by the end of 2023. GARI Crypto Price Chart   Read next: (ADA) Cardano Coin Has The Potential To Compete With Larger Coins - Watch Out Ethereum (ETH)    Sources: gari.network.com, cryptoadvisor.com, chingari.en.softonic, timesofinida.indiatimes.com, coinmarketcap.com
Binance Coin price pops higher against all odds

Binance Coin price pops higher against all odds

FXStreet News FXStreet News 16.09.2022 16:41
Binance Coin price pops over 1% higher while Ethereum’s Merge melt-down taunts most other cryptocurrencies. Although the BNB price might be popping higher, hidden issues lurk under the hood. The forecast remains unchanged for a drop back to $212.50. Binance Coin (BNB) price is popping higher while most other cryptocurrencies are on the back foot, unable to recover from the intraday melt-down on the back of Ethereum’s Merge. More things are likely cooking under the hood, as overall cryptocurrency support is fading. That Elon Musk has other things in the fire and is not able to come out in support of cryptocurrencies has lessened their popular appeal. Now that Matt Damon and Lebron James are demanding their crypto advertisements be pulled, is another telling sign of an industry-wide collapse in the making. BNB price is in dire need of Matt Damon Binance Coin price looks to be fighting back intraday in a challenging market with cryptocurrencies taunted by Ethereum’s price collapse after the Merge and Bitcoin not able to rally away from $20,000. Support is also fading with a very battered equilibrium where the dollar outweighs almost every crypto- and alt currency. You can’t blame Matt Damon and Lebron James for demanding to pull their ads for an industry that has gone from a $3B market capitalization to just $1B in nine months. BNB price thus has a lot going against it, and the little recoveries are rather the last impulses of what appears to be a dying body, ready to go into zombie mode. Should next week continue to be negative, with markets focused on the Fed coming out with a surprise 100 bps rate hike, expect a melt-down with $260 as first support. Next, the area around $230 would be the last level seen before Binance Coin price hits $212.50 – a total 22% decline from where BNB price is currently trading. BNB/USD Daily chart On the other hand, it is possible the recovery currently underway could well extend should price action refrain from making new lows. Traders would get a more secure entry level, away from this week’s low, to build up some long positions going into the weekend. From there, a quick recovery towards $290 is possible as more upside would be limited with the Fed central bank meeting as a key event for next week.
Crypto: Microstrategy (MSTR) Bought A Lot Of Bitcoins! Fed Hiked The Rate

Altcoins: Ethereum Price (ETH/USD) Has Declined By Over 13% Since The Transition

Crypto.com Accelerate the... Crypto.com Accelerate the... 19.09.2022 09:57
ETH’s The Merge was completed. ETH is down 13.5% since The Merge; BTC is outperforming. U.S. Aug inflation at +8.3% YoY, higher than expected. Chart of the Week: The Merge…Crickets Ethereum’s The Merge, one of the most anticipated events in the cryptosphere, was completed on 15 September. From a ETH price performance perspective however, it has been rather underwhelming, as ETH has dropped 13.5% since The Merge. Perhaps the prior substantial price surge since the June lows indeed made it a sell the news event?  Also, macro headwinds are perhaps proving difficult to overcome, with a higher than expected August U.S. CPI print (+8.3% YoY) last week and the upcoming Fed rates decision on 21 September. Read our recent Alpha Navigator report for more analysis.     Fund Flow Tracker The aggregated exchange balance for ETH spiked over the past week and marked the highest level since July 2022.         Derivatives Pulse Implied vols for both BTC and ETH dropped during the past week. 1-month implied vol currently stands at 63.9% (vs. 69.0% a week ago) and 92.3% (vs. 104.2% a week ago) for BTC and ETH, respectively.                     ETH perpetual futures funding rates showed a positive print after a month-long streak of being in negative territory.         Leveraged traders’ net-short position in CME Bitcoin futures continues to reduce and mark new YTD lows.     Leveraged traders are typically hedge funds and various types of money managers, including commodity trading advisors and commodity pool operators. The traders may be engaged in managing and conducting proprietary futures trading, and trading on behalf of speculative clients. The asset manager category consists of institutional investors, including pension funds, endowments, insurance companies, mutual funds, and those portfolio/investment managers whose clients are predominantly institutional. The dealer category consists of participants typically described as the “sell-side” of the market. These include large banks and dealers in securities, swaps, and other derivatives. The other reportable category consists of traders mostly using markets to hedge business risk, and includes amongst others corporate treasuries. Price Movements     News Highlights Crypto.com announced it has successfully renewed the National Institute of Standards and Technology Cybersecurity Framework and Privacy Framework assessments as audited by SGS, an internationally-recognised certification authority. Ethereum’s The Merge was finally completed on 15 September. Ethereum’s energy consumption is expected to drop by ~99.95% and its developers say the upgrade will make the network more secure and scalable too. U.S. CPI increased by 8.3% YoY in August, higher than market expectations, as rising shelter and food costs offset a fall in gasoline prices.  A consortium of leading broker-dealers, global market makers, and venture capital firms announced the launch of EDX markets, a digital assets exchange. Backers include Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital, and Virtu Financial. Catalyst Calendar             Author Research and Insights Team Get fresh market updates delivered straight to your inbox: Subscribe to newsletters    Be the first to hear about new insights: Follow us on Twitter Tags CRYPTO RESEARCH CRYPTOCURRENCIES MARKET PULSE MARKET UPDATES Source: Market Pulse (19/09/2022) (crypto.com)
🔥 SHIBA Volatile Move Ahead: Triangle Analysis

Shiba Inu News: Tokern Burn Program Has Been Launched | What Can We Expect From SHIB Price?

FXStreet News FXStreet News 29.09.2022 16:19
Shiba Inu price shows more weakness within a falling channel. SHIB token burning rate plummets by a whopping 88% in the last 24 hours. Price recovery remains elusive amid concerns that SHIB could drop to $0.00008000. Shiba Inu price seems nowhere close to bringing its year-long downtrend to an end. Although the second-largest cryptocurrency rebounded from support at $0.000007150 in June, its uptrend was rejected at $0.00001801 in mid-August. Since then, price action has been confined in a falling channel, with limited bullish retracements. At the time of writing, SHIB price exchanges hands at $0.00001101 amid increasing downside risk that could see it slide below $0.00001000. SHIB token burn rate retraces as Shiba Inu price hunts for support Shib Super Store has recently indirectly launched a SHIB token burn program via Amazon. The platform spends the commissions it receives from sales made on Amazon to purchase SHIB tokens which are later pulled out of circulation. The affiliate program has burned around 192,169,000 SHIB tokens worth $2,115 at the current market rate. Despite the new indirect Shib Super Store burn program, the cumulative burn rate in the last 24 hours dropped by more than 88%, according to Shibburn. Roughly 7,050,000 SHIB tokens had been deposited in unspendable wallets, compared to 59,638,305 in the previous 24-hour period. Is Shiba Inu price rally waiting for lower support? The falling channel’s upper boundary caps Shiba Inu price’s upside in conjunction with the 100 SMA (Simple Moving Average – blue). Movement north of support provided by the channel’s lower boundary at $0.00001000 may be less impactful due to the low trading volume observed from the leveling OBV (On Balance Volume). Similarly, the Direction Movement Index (DMI) has no bullish or bearish bias. In other words, investors are undecided on the direction Shiba Inu price will take in the short-term. SHIB/USD daily chart If Shiba Inu price continues to move within the falling channel, investors should start acclimatizing to declines below $0.00001000. SHIB may need to collect more liquidity while forming a double-bottom pattern at its previous support – $0.00000715 in June. The IOMAP on-chain model by IntoTheBlock cements the bears’ firm grip on Shiba Inu by highlighting an intense seller congestion zone around $0.00001100. Approximately 14,600 addresses previously purchased 59.88 trillion SHIB tokens in the area. Shiba Inu IOMAP chart As Shiba Inu price tries to reach out for a breakout, investors within the range may sell at their various breakeven points, which would create more selling pressure, ultimately leading to a pullback.