cryptocurrency altcoins

Crypto Industry News: Sandy Kaul, a senior manager at Franklin Templeton, a $1.5 trillion wealth management company, believes that ETH staking opens up significant opportunities for institutions looking at the cryptocurrency market. In her opinion, this feature can become a trigger for mass adoption among institutions: "Let me say this, keep your eyes peeled for this area because he has seen some powerful products that will fill exactly the niche you are talking about." The asset management expert further says that the growth of the cryptocurrency industry reminds her of the area of hedge funds in the 2000s. Then the institutions literally rushed to market sell-offs to take the best positions and take control of the market. "I believe what happened in the hedge fund industry up to and after 2008 can be very illuminating in this situation (regarding the cryptocurrency market). We saw $2 trillion worth of assets flowing in over 3 years. That is a huge influx of money, bringing the

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 >>>
Walt Disney Results Are Beyond  All Expectations. Large Chinese Company Fires More Than 9K Employees!!! Market Newsfeed - 11.08.2022

(CRO/USD) - Rocket Launch Incoming!? Crypto.com Price showing Growth Potential, (DOT) Polkadot’s Potential To Shine - Altcoins Update

Rebecca Duthie Rebecca Duthie 14.04.2022 11:42
Summary: The value of DOT-USD has increased 2% so far today. As of today, the price of CRO-USD has increased by more than 1%. BNB - The price peak at over 1.002 this morning Will POLKADOT continue to be in ETHEREUM’S Shadow for much longer ? Polkadot (DOT-USD) is not a single token, it is a growing connection of blockchains that are interconnected i.e. Polkadot can work with and connect to a wide range of different blockchains. The cryptocurrency has only been on the market for 1.5 years and is already the 12th largest in terms of market cap and 13th in terms of trading volume, hence Polkadot has huge growth potential. The value of DOT-USD has increased 2% so far today. DOT-USD Price Chart Related article: Terra USD (USDT), Shiba Inu (SHIB), Polygon (MATIC) Update. Take a Look at What Happened in the World of Cryptocurrency Today CRO-USD or Crypto.com Coin showing big signs of growth potential. The crypto.com coin is a cryptocurrency exchange that offers support to its users for trading, investing, staking, wallets, NFTs etc. The fees to use this exchange are reasonable and in addition, those who hold large holdings in the coin receive discounts. As of today, the price of CRO-USD has increased by more than 1%. CRO-USD Price Chart Related article: Novelty On The Cryptomarket! What Is MoonPay? MoonPay's Role in Trading Cryptocurrencies Binance Crypto (BNBUSD) Binance coin offers its users the opportunity for crypto-to-crypto trading, its users can trade up to 600 cryptocurrencies and virtual tokens. Binance is a useful trading platform for all investors, including beginner crypto investors. As shown below, Binance’s price has been volatile today. However, the price peak at over 1.002 this morning. BUSD Price Chart Sources: Motleyfool.com, Finance.yahoo.com, Binance.com
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.
FieryTrading talks Solana (SOL) - November 28th

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
Bitcoin Has Strong Sign That Buyers Are In Control - 05.12.2022

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.
Zhao: FTX Turned To Binance For Help | Bitcoin's Price Is Located Below The Technical Support

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
Binance Academy: How does Proof of Reserves work? What is it?

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
Over 7000 Porsche NFT to be released

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
The Developments In The Crypto Sector Made It Into The Record Books (The Guinness World Records)

(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.
Crypto: Ethereum - Altcoin Correction Completed?

What Is Chia Coin? - (XCH) - First New Nakamoto Coin Since Bitcoin Launch (2009)

Rebecca Duthie Rebecca Duthie 26.04.2022 09:12
Summary: Chia altcoin is not a new coin, but it is the first new Nakamoto coin since Bitcoin launched in 2009. The Nakamoto consensus. Chias new blockchain programming language, Chialisp. Chias price correlation with other cryptocurrencies. Chia believes that by using the unused space already in circulation, they believe they will be more energy efficient. Chia cryptocurrency is a type of crypto that aims to use the space already in circulation (proof of space and time), their mission statement aims to build a more sustainable, more secure and more powerful blockchain. Chia believes that by using the unused space already in circulation, they will be more energy efficient. The coin is based on an innovative consensus algorithm which leveraged the over-allocated hard drive space to create the first new Nakamoto consensus since Bitcoin in 2009. Read next: A Reward For A Transaction!? What Is Kishu Inu Coin? ($KISHU) Let's Take A Look At This New Altcoin  We have the Nakamoto consensus to thank for the cryptocurrencies we have today. We have the Nakamoto consensus to thank for the cryptocurrencies we have today, it is a set of rules that verifies the legitimacy of a blockchain network. The crypto uses the ‘proof of space and time’ which allows coin farmers to prove that they allocate unused harddrive space to the network. The proof of time and space improves the attack resistance of the network by 51%. Chia is as secure as other proof of work cryptos whilst being less energy intensive. Chia delivers a high quality coin, with the safety and security inline with Bitcoin along with the functional benefit of a purpose built and more secure on chain smart coin environment. Read next: (KO) Coca-Cola Earnings Posted Exceeding Expectations, Elon Musk’s Target on Twitter (TWTR) Coming To Life!? | FXMAG.COM Chia has created a new innovative blockchain programming language called Chialisp, it is secure, powerful and easy to audit. Chia claims the Chialisp is a superior on-chain smart transaction development environment that will unlock the transparency, security and ease of use that cryptocurrencies promise. There are also downsides to this coin, one being that there is the possibility that the harddrives get stressed and break. In addition the Chia coin sucks energy, they use energy for storage, networking for the coin and other aspects, in a 2017 report Chia reported that they produce 15.04 metric tons of CO2 per year. Although this coin is more energy efficient than Bitcoin and other crypto coins, it has a long way to go before becoming more environmentally friendly and more sustainable. In January Chia announced its plans to launch a native peer-to-peer exchange service for its wallet holders. They will launch a new coin which will be a us-dollar denominated stablecoin and will act as a support to the new exchange. The market sentiment for this coin is reflecting as bearish as of today. The price of Chia coin is negatively correlated with the top 10 crypto coins by market cap - excluding Tether (USDT) and negatively correlated with the top 100 crypto coins by market cap - excluding all stablecoins. According to coindesk.com, the price of Chia Crypto is only expected to increase in the coming weeks. Chia Network Price Chart Summary of the advantages of Chia coin: The coin uses 0.12% of the energy that Bitcoin uses and 0.23% of the energy that Ethereum uses. Better security due to its more decentralized blockchain. More eco-friendly than other crypto coins. Read next: Elon Musk-Twitter (TWTR): What Will It Be Musk?  Sources: coindesk.com, chia.net, coinmarketcap.com, datacenterdynamics.com, coindesk.com
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
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
Increase Of Whales Wallets And California's Digital Financial Assets Law

(USDC) USD Coin, What Is It And How Does It Work? - An Interesting Altcoin!

Rebecca Duthie Rebecca Duthie 02.05.2022 13:37
Summary: The past, present and future of USD Coins. The options available for use of USDC. Terminology. USDC as a pillar of the blockchain ecosystem. The USD coin was launched in 2018, and has since become a popular tool for applications and businesses of all sizes, it is used in every industry. The Coin flows seamlessly across most of the world's top blockchains. USD Coin is a digital stablecoin that is attached to the US Dollar. USD Coin is a digital stablecoin that is attached to the US Dollar, it is used as a digital dollar for global businesses. This coin is interesting because it is always redeemable in a ratio of 1:1 for US Dollars, meaning it gives its users access to the US Dollar. There are 49.3 Billion USDC currently in circulation. Recall that a stablecoin is a type of cryptocurrency whose price is designed to be pegged to a cryptocurrency, fiat money or exchange commodity. In other words a stablecoin relies on a more stable asset as a basis for its value.   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?    USDC is seen as a pillar of the blockchain ecosystem. USDC is seen as a pillar of the blockchain ecosystem. The USDC software is open-source and is managed by an organisation that drives standards for the adoption of trusted stablecoins, and enforces payment and identity standards; this organisation is called Centre Consortium. The USDC is available on most of the world's most powerful and innovative block chains. The fact that USDC offers a broad, native availability and the ability to seamlessly swap across the blockchain ecosystems, means that developers who build with USDC are able to extend their reach. The Centre Consortium's second major standard provides decentralised identity for crypto finance, called Verite. Verite is a collection of standardised protocols that can help make it safer, easier and more efficient to do business across the world of DeFi and Web3 commerce. Verite is free and anyone can use it and to build on. USDC is considered a trusted store of value. USDC is becoming more accessible and easier to use through more wallets, exchanges, protocols, platforms, apps and service providers are allowing these transactions. The coin is widely used for payments and seems to be breaking border issues in international transactions, as it becomes more popular in the business world. USDC is considered a trusted store of value. There are many ways that investors can use the USDC trading platform, these are listed below. USDC makes use of Decentralised Finance (DeFi), the use of smart contracts has eliminated the need for financial intermediaries, the smart contracts automatically link buyers, sellers, borrowers and lenders, this opens access to the financial market up to more people. For those users who prefer Centralised Finance (CeFi), there is the option to invest in the USDC where they can earn a predictable yield on their investments. In addition the CeFi service allows institutional accredited investors to allocate funds to “Circle Yield” - this is a fixed term investment that is built on USDC and is overcollateralized with Bitcoin. Digital Asset Trading is common amongst USDC users, they use USDC as a base currency for quickly entering and exiting positions in crypto capital markets globally. This service is more common amongst retail investors and institutional traders. Traditional and crypto-native businesses use the coin in business. Corporate brands and gaming companies are making use of USDC to build marketplaces for NTFs and other digital assets, they hope this will improve customer engagement through improved brand experience. Global payments and remittances: USDC allows users to transfer value globally, at high speed and extremely low costs. It also allows users to easily transfer value back into fiat currencies. USDC is available to almost anybody who has access to the internet. It is easy to gain US Dollar exposure through investing in the USDC, and use it to trade, for payments and transfers. Investors and businesses all over the world are using the USDC smart contracts as a tool for building the future of commerce. We can see from the chart below that the price saw big increases before COVID-19 and then the price fell sharply in light of the COVD-19 pandemic which swayed investor sentiment and made investors risk averse. Since then the price has been quite stable despite the current negative investor sentiment in the market since late February. With all cryptocurrencies, we have seen observed that although cryptocurrencies are decentralised, they are in fact affected by market performance and investor sentiment. USDC Price Chart   Read next: What Is SFM? Does The Altcoin SafeMoon (SFM) Have A Bright Future?    The Advantages of USDC An advantage of USDC is that it is fully backed by cash and short-dated U.S. government obligations so that it is always redeemable 1:1 US dollars. Each month attestation reports regarding the reserve balances backing the USDC is published. This creates more transparency in the coin and therefore more investor confidence. Price stability. Lots of liquidity. Good reputation and backed by Circle’s assets. Sources: circle.com, finance.yahoo.com, sofi.com
Cardano remains asleep for the last two months and a half

(ADA) Cardano Coin Has The Potential To Compete With Larger Coins - Watch Out Ethereum (ETH)

Rebecca Duthie Rebecca Duthie 04.05.2022 10:28
Cardano’s mission is “Making The World Work Better For All” Cardano Coin was released in September of 2017, and has grown since, their current Diluted Market Cap is sitting at more than $34 Billion. Like Bitcoin (BTC) the ADA coin has a maximum supply of 45 billion coins. Cardano’s mission is “Making The World Work Better For All ''. Cardano is a blockchain platform that was designed for change makers, innovators and visionaries. The platform has the tools and technologies that are required to create possibility for the many, as well as the few and to create global change. Read next: (LBLOCK) LuckyBlock Crypto-Lottery - The Future Of Cryptocurrency?  Cardano is determined to redistribute the financial power to the margins from the unaccountable structures. Cardano is a proof-of-stake blockchain platform. Proof-of-stake is Cardano’s way of verifying transactions, which is necessary due to the decentralised nature of cryptocurrencies. With proof-of-stake, the owners of Cardano can stake their coins which then gives them the right to check new blocks of transactions and add them to their blockchain. Cardano is determined to redistribute the financial power to the margins from the unaccountable structures. Engineers work with the team to achieve this. Cardano was the first proof-of-stake platform to be founded on peer-reviewed research and developed through evidence-based methods. The platform provides unparalleled security and sustainability to the decentralised applications, systems and security through making use of pioneering technologies. Cardano believes that their proof-of-stake and Ouroboros are the most environmentally sustainable blockchain protocols. Cardano believes that their proof-of-stake and Ouroboros are the most environmentally sustainable blockchain protocols. The Cardano platform is the first blockchain to implement the first peer-reviewed, verifiably secure blockchain protocol. The Ouroboros allows Cardano decentralisation, Ouroboros allows the platform to grow according to global requirements without badly compromising the security. Cardano is piling their resources to try and fix the scalability and resilience issues experienced by the more dominant coins, such as Bitcoin and Ethereum. Advantages of Cardano: Cardano restores trust to global systems, using science they create a more transparent, secure and sustainable foundation for systems to govern, enterprises to grow and for individuals to exchange and transact. Cardano is green and environmentally friendly. Cardano has a two-layer core architecture making its coin mining process more efficient. Cardano has a Clearing Level (CSL), this allows users to instantly trade ADA with lower fees. The sustainability of Cardano could be the one trait that gives the coin the upper hand over most of the others. How bright is the future of Cardano? Experts believe that Cardano could be able to compete with Ethereum in the future thanks to its proof-of-stake method. This is because Cardano uses their proof-of-stake as security to keep the system running, ulike Ethereum which relies heavily on computing power and environmental resources to maintain the blockchain. The proof-of-stake method has become so popular and intriguing that even Ethereum plans to switch in the future, and many investors are switching from Ethereum to Cardano. How to invest in Cardano: The Cardano (ADA) coin is listed on many major exchanges, it has a lot of trading volume and liquidity. It is necessary to create a coin base account. One of these accounts will also give you access to more coins. Buy Cardano. The past, present and potential future price of Cardano (ADA). When the ADA coin was launched, there was an initial price surge but for a while after the price surge, the growth was pretty stable. In mid 2021 the price surged to above $2.5, yet has since fallen again. The price of Cardano is currently on a negative trend, there are many possible reasons for this, one being the current wider economic market causing a risk-averse attitude. In general there is currently negative investor sentiment in the crypto market, which means Cardano is not the only coin having price trouble. In an attempt to flip their current price trend, the developers of Cardano recently increased their block size by 10%. However, this move did not have the desired effect as the price has continued to fall since the announcement. Cryptocurrencies are normally a volatile market, because of this it is difficult to read the future market and with current wider markets as they are at the moment, it is hard to predict where this coin is actually headed in the future. Although ADA has potential to compete with larger coins, it is still in question on how long this coin may be around for. Cardano (ADA) Price Chart For this coin there is potential for high returns and low barriers for entry. However, given the current market sentiment and its potential for change if situations in the wider market improve, there is a possibility for this coin to recover in the future. Read next: (USDC) USD Coin, What Is It And How Does It Work? - An Interesting Altcoin!  Sources: Finance.yahoo.com, cardano.org, cardanofeed.com, capital.com, thecollegeinvestor.com, fool.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?
FieryTrading talks Solana (SOL) - November 28th

(SOL) Solana Coin Continues to Grow - Popular Altcoins, SOL: What Is It & How Does It Work?

Rebecca Duthie Rebecca Duthie 05.05.2022 12:47
Summary: A look into what the Solana (SOL) platform is. History of Solana. Advantages of holding the token. A look into what makes Solana unique.   Read next: (ADA) Cardano Coin Has The Potential To Compete With Larger Coins - Watch Out Ethereum (ETH)    The Solana coin was founded in 2017 during the initial coin offering (ICO) The Solana coin was founded in 2017 during the initial coin offering (ICO), their aim is to keep cost low but still achieve scaling throughput beyond what is achieved by other popular blockchains. As well as trying to solve the blockchain trilemma. The SOL token was officially launched in March 2020. Since its launch Solana has become one of the Top 10 cryptocurrencies when referring to total market capitalisation. SOL market capitalisation and Coins in Circulation. The current number of Solana’s SOL tokens in circulation is more than 334 million and a current total market capitalisation of more than $30 billion. The supply of Solana’s SOL tokens is unlimited, it releases a number of tokens every year based on the YOY inflation rates. The blockchain trilemma. The blockchain trilemma refers to the three major issues in blockchain: decentralisation, scalability and security. Scalability in blockchain refers to the ability for a cryptocurrency to handle a large influx of transactions at one time. SOL, Solana’s native token allows users to transfer value as well as blockchain security through staking. Solana’s cryptocurrency is called SOL. It is Solana’s native token and it allows users to transfer value as well as blockchain security through staking. Solana is a highly functional open source project that implements a new high-speed permissionless 1-layer blockchain. Solana combines Proof-of-history (PoH) and the super fast synchronisation engine in one algorithm, which is a type of proof-of-stake (PoS). This algorithm can (theoretically) process over 710000 transactions per second, without scaling solutions needed.   Read next: (LBLOCK) LuckyBlock Crypto-Lottery - The Future Of Cryptocurrency?    Proof-of-history, VDFs, proof-of-stake and synchronisation: Proof-of-history in the context of cryptocurrencies refers to a high frequency Verifiable Delay Function (VDF). A VDF produces a unique output that is efficient and can be publicly verified. Solana uses the proof-of-history to solve the issue of the need for centralised systems to verify transactions, as the need to use centralised services defeats the object of a decentralised system. Solana’s platform uses a proof-of-stake network, meaning the security network is not dependent on energy usage, thus the platform is environmentally friendly. The synchronisation engine that is used by Solana is one of the main reasons they can achieve a high throughput. The reliability of Solana’s synchronisation guarantees allows them to break down the synchronisation blocks called ‘entries’ which are then validated in real time before any block consensus. Third-generation blockchain. Solana’s blockchain is a third-generation blockchain, and is designed to facilitate smart contracts and decentralisation applications (DApp). Solana supports nonfungible tokens (NFTs) and decentralised finance (DeFi). What makes Solana unique? The hybrid blockchain platform created by Solana (mixing proof-of-history and proof-of-stake concepts) is unique; they compromise on decentralisation to produce max speeds. By compromising on decentralisation the Solana platform makes it easier to scale the coins. Basically speaking, by focusing on one node chosen by the proof-of-stake mechanism which sequences messages between the nodes. Solana also links transactions by hashing the output of one transaction and using it as the following transaction input. This is how Solana uses its proof-of-history mechanism. Advantages of holding the SOL token. Solana can process up to 50000 transactions per second with extremely low fees. Solana has achieved a high level of scalability by leveraging the proof-of-history mechanism and several other breakthrough innovations. Solana has managed to achieve economies of scale and kept the transaction fees extremely low. Solana ensures composability between projects. Solana has very high network speed and high liquidity. SOL is not difficult to buy. How to buy SOL: It is necessary to obtain a crypto exchange account. Purchase SOL on one of the more popular exchanges such as; Coinbase, Crypto.com, Gemini, Binance, Kucoin. The price future and history of Solana’s SOL After its launch in March 2020, Solana’s price struggled to gain upward momentum. In the summer of 2021, hype for crypto and NFTs and growing demand in the DeFi community caused the price of SOL to triple. In 2022 the market has been extremely volatile with investor sentiment turning risk-averse, the price of SOL has struggled to show any real trend or stability. The price of Solana is expected to increase even further in the future. Solana (SOL) Price Chart With the current wider adverse economic conditions, the price of most cryptocurrencies are facing challenges, with changing investor sentiment, the current price is constantly changing.   Read next: (USDC) USD Coin, What Is It And How Does It Work? - An Interesting Altcoin!    Sources: solana.com, cointelegraph.com, docs.solana.com, cryptovantage.com, statistica.com
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
Crypto: How To Estimate A Risk And Take A Profit?

What Is (DYDX)? dYdX Cryptocurrency Supporting Perpetual Trading - Altcoins of Interest

Rebecca Duthie Rebecca Duthie 09.05.2022 13:54
Summary: How does dYdX work? A look into what a perpetual cryptocurrency trading exchange is. Advantages of investing in the dYdX crypto exchange. Past and future price performance. Read next: ($GARI) Gari Network's Future Looks Bright As Investors Await New Advancements.  dYdD is a decentralised trading platform that is used for cryptocurrency margin trading. Dydx is a decentralised trading platform that is used for cryptocurrency margin trading for assets such as ETH, BTC, SOL, DOT and more. The bulk of the trading happens on the Ethereum blockchain, however, with the recent launch of layer 2, the Dydx exchange can be used for inexpensive, instantly settled trades. Dydx has successfully filled a niche market in the world of cryptocurrencies. Since the launch of this platform in September 2021, they have added many features, including lending and borrowing services to decentralise the trading experience. The exchange has a market cap of $258.2 million, a circulating supply of 65569295 with a max of 1 billion. dYdX is a leading crypto exchange that supports perpetual trading. Dydx is a leading crypto exchange that supports perpetual trading. It trades on the ethereum block chain using smart contracts and no intermediaries. Perpetual trading on cryptocurrencies are financial derivatives that enable traders to bet on crypto asset price movements, using leverage without owning the underlying asset. Some advantages of using this method are: Increased flexibility of trades by allowing both long and short trades. Increased leverage. Dydx is aiming at trading for everyone. They are building an open platform for crypto financial products, which is powered by the Ethereum blockchain. dYdX works in the following way: The creation of smart contracts has allowed for cryptocurrency exchanges to create decentralised liquidity pools, collateralisation and lending across popular protocols like Uniswap, Sushi and Compound. dYdX took all of the best decentralised financial technologies and combined them to form a first-of-its-kind cryptocurrency derivatives exchange using crowd sourced liquidity only. To explain this concept more, it means that when you deposit collateral to open a leveraged trading position, you are borrowing from a decentralised liquidity pool that is funded entirely by other traders. Dydx Layer 1 blockchain: Layer 1 is a highly liquid, decentralised exchange for both crypto margin trading and for spot trading. On this layer it is possible to leverage up to 5x your position. As long as users collateralise correctly, it is fast and efficient to borrow funds for your positions. dYdX claims to have built the fastest and most powerful decentralised exchange ever through their layer 2 blockchain. Advantages of layer 2: No gas cost and lower fees: when users deposit to layer 2, the user will no longer be required to pay fees to miners. Fast withdrawals: layer 2 does not have a waiting period to withdraw funds. Security and privacy: increased security and privacy via zero-knowledge rollups*. Very fast: trades are instantly executed and confirmed on the blockchain within hours. Mobile friendly: can be used on any device thanks to upgrades. Cross-margining : users are able to access leverage across positions in multiple markets from a single account. USDC collateral: dYdX allows users to provide USDC as collateral in their trades. *Zero-knowledge rollups is a Layer 2 scalability solution that allows blockchains to validate transactions faster whilst ensuring gas fees remain low. How to trade perpetually with Dydx: Download the dYdX trading app and open it. Connect your crypto wallet to the app. Deposit funds into the wallet and then select the “trade” option. Open a trading position with selected leverage and limits. Use the app to track your position's performance. Read next: (SOL) Solana Coin Continues to Grow - Popular Altcoins, SOL: What Is It & How Does It Work?  The dYdX token, the platform gives dYdX tokens to its users in the form of generous rewards. Advantages of the dYdX token: dYdX liquidity staking pool: this feature is important for keeping the exchange alive and financially supported. Trading rewards: it is possible to earn dYdX tokens just by trading on the platform. Discounted trading fees: if users hold dYdX tokens in their wallet, they can receive a 3% discount on trading fees. Governance token: dydx is also used for governance of the protocol, which gives holders voting rights. PAST, PRESENT AND FUTURE PRICE When the token was first launched the price spiked and showed promise, since then the price has been on a consistent downward trend. In general the crypto market is volatile, this is shown in the price changes for this cryptocurrency. Currently with the negative global investor sentiment, the price of cryptos have been falling in general over the past months, which could be a reason this tokens value is currently trading so low. The coin price is forecasted to increase in the future. In 2022, the price is expected to increase by 78% and is expected to continue on this upward trend for the next 5 years. dYdx cryptocurrency Price Chart Sources: academy.shrimp.io. Dydx.exchange, cryptoadventure.com, trading-education.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
Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol

Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol

Rebecca Duthie Rebecca Duthie 12.05.2022 15:35
Summary: Polkadots aims and desires. A deeper look into how Polkadot works. Past, Present and Future Prices of Polkadot. 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  What is the Polkadot protocol? Polkadot is an open-source protocol built for everyone, it is founded by the Web3 foundation. The Web3 foundation has commissioned 5 teams and over 100 developers to build Polkadot. The Polkadot mission is: they envision a Web where their data and identity is their own and where safety is ensured from any central authority. Polkadot supports the ease of creating and connecting decentralised applications, institutions and services. Through empowerment of investors to build better solutions, they are seeking to free society from the grip of a broken web whereby institutions have the chance to break trust. The aim of Polkadot is to enable a completely decentralised web whereby the users are incontrol. The protocol is built to connect private and consortium chains, oracles, public and permissionless networks and future technologies that are yet to be created. Polkadot protocol offers parachain messaging, this refers to parachain-to-parachain communication, this is Polkadots version of inoperability. Read next: (BTC) Bitcoin’s Price Tanks Along With Equities. U.S. Stock Market Awaits CPI Report, Poor Performance From The FTSE 100.  Polkadot launched their DOT token in May 2017. DOT plays an active role in securing the Polkadot network. The DOT token has around $8.3 billion in market capitalization, a circulating supply of more than 1.6 billion tokens and does not have a maximum supply. Polkadot features: True interoperability: Polkadot allows cross-chain transfers of any type of asset or data, users are not limited to token only transfers. When users become a part of the Polkadot network, they open themselves up to a wide variety of blockchain networks. Economic and transactional scalability: unprecedented scalability is provided by Polkadot through the enablement of a common set of validators which have the ability to secure multiple blockchains. Transactional scalability is provided through spreading transactions across multiple parallel blockchains. Easy blockchain innovation: users can create a custom blockchain quickly by using the substrate framework. Once users make their own blockchain, they can connect it to Polkadot and get interoperability and security from the get-go. This ease of development is a major factor helping the Polkadot network grow. Security: Polkadots novel data validity and ability allows the interaction between chains, whilst maintaining independence in their governance but united in their security. User-driven governance: Polkadot maintains a sophisticated governance system, whereby all stakeholders have a say. Network upgrades are coordinated on-chain and autonomously without forking the network. This ensures that Polkadots development remains community-driven and future proof. Advantages of Polkadot: High energy efficiency: in comparison to conventional blockchains, the energy consumed by Polkadot is much less. This energy efficiency is as a result of its next-generation nominated proof-of-stake (NPoS) model. This NPoS uses the equivalent of 6.6 Us households' energy per year. The Polkadot platform has the lowest carbon footprint amongst proof-of-stake protocols analysed in recent research. High security The proof-of-stake network refers to the ability of cryptocurrency owners to validate block transactions based on the number of coins a validator stakes. About the DOT Token: The DOT token was created by the Polkadot protocol and is designed to serve 3 distinct purposes: Governance: the Polkadot token holders have full control over the protocol. The privileges on platforms that are normally only available to minors are given to DOT holders, including managing exceptional events such as protocol upgrades and fixes. Staking: Polkadot uses game theory to incentivise token holders to behave honestly. Those who do not exercise honest behaviour will lose their stake in the network, whereas those who exercise honest behaviour are rewarded by the game theory mechanism. Bonding: new para-chains are added by bonding tokens. Outdated parachains or those that are no longer useful and removed by removing bonded tokens. This bonding represents a proof-of-stake. Where to buy Polkadot (DOT) The DOT token is currently available on many of the major platforms such as Binance, Huobi Global, OKEx, Coinbase, KuCoin and more. Past, Present and Future Prices: We already know that the cryptocurrency market is volatile, this is reflected in the chart below. In the past the price has jumped up and down, with the data it is hard to read a trend for the price of DOT. Currently, the global market conditions have investors turning away from risky assets such as cryptocurrencies, and turning to safer assets. For the future, the price of the DOT token is expected to increase, with some analysts expecting the price to reach over $64 in 5 years time. However, given the volatility in the crypto market, it is difficult to make an accurate assumption on where the price of DOT will go. Polkadot (DOT) Price Chart Read next: Making Interest On Crypto Holdings!? Aqru: Cryptocurrency Staking Platform  Sources: finance.yahoo.com, polkadot.network, coindesk.com, coinmarketcap.com, capital.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
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
Changing correlation of Bitcoin and US stocks. Brazil: Lower house of Congress approved crypto regulation bill

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 New York State And Law Banning Almost All New Bitcoin Mining Operations

"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 New York State And Law Banning Almost All New Bitcoin Mining Operations

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
Zhao: FTX Turned To Binance For Help | Bitcoin's Price Is Located Below The Technical Support

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.
Saxo's Hallmark Outrageous Predictions Ahead

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.
What are Canary Network and Songbird Network? Songbird Crypto Token and more explained by ByBit

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.
The Fundamental Interest In Ethereum Is Much Higher Than In Bitcoin

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
Dogecoin Could Start The Next Impulsive Rally

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
The Analysis Of Off-Chain Metrics Allows Cryptocurrency Supporters To Count On A Reversal

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?
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.
The Lowest BTC Mining Revenue | Singapore Bank DBS Is The First Asian Bank To Use JPMorgan’s Blockchain-Based Fixed Income

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.
FieryTrading talks Solana (SOL) - November 28th

Altcoins: Solana (SOL) Users May Be Concerned About Latest Attacks

Conotoxia Comments Conotoxia Comments 11.10.2022 20:30
Solana is facing another problem that attacks token users. The virus is spreading through NFT's loyalty programmes (airdrops), claiming to be a Solana Phantom security update. Through NFT to Solana wallet Following the hacking attacks on Solana Phantom wallets, which exploited the project's system in August (a bug in the code), another attack on the security of network users is taking place. For at least two weeks, unknown hackers have been carrying out so-called airdrops, or promotional campaigns in which NFTs can be won for Solana (SOL) users. The NFTs being distributed are titled 'PHANTOMUPDATE.COM' and 'UPDATEPHANTOM.COM', which, when opened, display information about a security update. However, instead of a new version of the software, users install a virus which then steals the tokens. Additionally, the message informs users that failure to update could result in "loss of funds due to hackers using the Solana exploit". This message most likely refers to an earlier hacking attack in August, which made waves in the crypto world. The result was the loss of $8 million from around 8,000 wallets. The virus is installed via a script from the GitHub developer site. It then attacks browser information such as history, cookies, passwords, SSH codes and other user information. Users with a wallet added to their browser appear to be the most vulnerable. Cena Solany (SOL), daily candles Source: Conotoxia MT5 On the Conotoxia MT5 platform at 13:00 GMT+3, Solana is losing 3.7%. The chart shows the plunge that followed the aforementioned hacking attack in August. The current attack seems unlikely to have the same magnitude. Rafal Tworkowski, Junior Financial Markets Analyst, Conotoxia Ltd. (Cinkciarz.pl investment service) The above trading publication does not constitute an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of 16 April 2014. It has been prepared for information purposes and should not form the basis for investment decisions. Neither the author of the study nor Conotoxia Ltd. accepts any responsibility for investment decisions made on the basis of the information contained in this publication. Reproduction or reproduction of this study without the written consent of Conotoxia Ltd. is prohibited. Read more on Conotoxia
The Crypto Market Saw A Recovery Last Week

We May Be Able To Pay For Google Cloud Services With Cryptocurrencies

Alex Kuptsikevich Alex Kuptsikevich 12.10.2022 08:27
Cryptocurrency Market Capitalisation Up Bitcoin has changed little overnight, remaining near $19.1K amid a decline in stock indices. The first cryptocurrency continues to test the horizontal support of the past four months, as the Nasdaq100 updated its June lows and slipped to the lows of two years ago. Total cryptocurrency market capitalisation rose 0.4% over the past 24 hours to 922bn, with the top altcoins ranging from -0.8% (Cardano) to +2% (Dogecoin). The Cryptocurrency Fear and Greed Index was down 4 points to 20 by Wednesday and remains in a state of "extreme fear". The daily charts show bitcoin sliding down over the past week. Still, the primary battle between bulls and bears appears to be waiting for us to fall to the $18.8K area, with the main question being whether the bulls had enough to confirm impassable support in that area. Google x Coinbase Glassnode said Bitcoin is close to completing a bear market, based on an analysis of behavioural patterns, market structure and on-chain indicators. But it may take a few more months for the current phase of the market to end. A bearish trend in the market is the best time to profit, suggests Hunter Horsley, CEO of index fund Bitwise. If the market continues its historical trend of 4-year cycles, bitcoin will enter a new growth cycle in 2024. Google with Coinbase collaboration will allow some customers to pay for cloud services with cryptocurrencies. Portugal plans to introduce a standard 28% tax on profits from cryptocurrencies generated in 2023. The initiative aims to equate the cryptocurrency industry with others and lay the groundwork for the industry's future. Meanwhile, Ripple announced the launch of an On-Demand Liquidity (ODL) treasury solution in France and Sweden. Partners are payment services Lemonway and Xbaht.
Ledger Wallets Also Now Support CRO Holdings | MakerDAO And Increasing The DAI Savings Rate

DeFi: A Huge BNB Chain Exploit, Mango Attacked, MakerDAO To Invest In Bonds

Crypto.com Accelerate the... Crypto.com Accelerate the... 12.10.2022 10:56
BNB Chain temporarily halts post- $566 million exploit. Solana-based DeFi protocol Mango hacked for over $100 million. MakerDAO passes plan to invest $500 million in U.S. government bonds. Weekly DeFi Index This week’s market cap, volume, and volatility indices were negative at -5.15%, -15.19%, and -46.28%, respectively. Check the latest prices on Crypto.com/Price DeFi Index Tokens     News Highlight BNB Chain suffered a US$566 million exploit last Thursday. A hacker tricked the BSC Token Hub, a cross-chain bridge protocol, into sending two million BNB. BNB Chain halted the network temporarily in response to the attack. However, the attacker still managed to drain around $110 million of crypto using a novel approach, syphoning the funds across other networks. Under half of the stolen funds were deposited to a lending protocol on BNB Chain and borrowed centralised stablecoins, including USDT, USDC, and BUSD. The suspension of the BNB Chain network also led to the argument on its decentralisation. Mango, a decentralised spot margin, perpetual futures, borrowing, and lending protocol on Solana was exploited for over $100 million. According to the report, the attacker managed to inflate the value of the protocol’s governance token MNGO, take out large loans against it, and drain Mango’s liquidity pools. MakerDAO, the lending protocol behind the DAI stablecoin, announced a plan to invest $500 million in short-term U.S. treasury bonds and investment-grade corporate bonds. The plan has been approved by the community, and will see $400 million of the organisation’s asset reserves put towards U.S. treasury bonds, and $100 million invested in corporate bonds. DEX Protocols Metrics     Lending Protocols Metrics     Charts on Layer-2 Projects The overall L2 market saw negative growth last week, as its TVL dropped by -2.33%. Optimistic rollups and zero-knowledge rollups projects fell by -1.80% and -1.06%, respectively. Ethereum’s TVL change was negative at -2.86%. The TVL changes for all optimistic rollup projects were negative except Metis Andromeda (+4.45%). Optimism fell the most by -2.87%. ZK rollup projects’ TVL movement was all negative except dYdX (+1.46%). Loopring plummeted the most at -6.01%. Further Reading Asset management giant GoldenTree discloses $5.2M investment in SushiSwap Terra: Luna Foundation Guard shares update on distribution of remaining assets Transit Swap DeFi hacker bags $690,000 bounty after returning $2.75M Bitcoin mining difficulty sees sharpest increase since May 2021 despite slow price gains ParaSwap “investigating” possible private key hack 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 in this report are registered trademarks of their respective owners. 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 DEFI LAYER 1 LAYER 2 Source: DeFi & L1L2 Weekly (12/10/2022) (crypto.com)
Total Cryptocurrency Market Cap Touched $53M Level

Total Cryptocurrency Market Cap Touched $53M Level

Kucoin Blog Kucoin Blog 12.10.2022 15:06
Table of Contents Crypto Market Overview Top Altcoin Gainers and Losers News Highlights This Week Crypto Calendar: Events to Watch This Week Bitcoin (BTC/USDT) Analysis on KuCoin Chart Bitcoin, alongside the rest of the crypto market, has remained mostly bearish, following the pessimistic mood caused by the global macro instability. The largest cryptocurrency by market cap wicked below the $19,000 mark, risking a move toward the downside and a retest of recent lows. The overall cryptocurrency market volume in the past 24 hours came up to $53 billion - staying at exactly the same levels compared to the previous week. The overall crypto market cap remained under the $1 trillion mark, now totaling $919.83 billion.   Let's delve deeper and take a quick look at the latest crypto market news and BTC's technical outlook.   Crypto Market Overview As we mentioned in the previous report, Bitcoin's drop below the $20,000 mark has shown to be definitive in the short term, and that has not changed in the new month. In fact, the largest cryptocurrency by market cap is now testing the $19,000 level, with the potential of dropping below and towards the $17,600 - the low set in June 2022. BTC’s dominance has been fairly stable, now standing at 38.65%. The most valuable cryptocurrency pair, BTC/USDT, is currently trading at $19,110.28, while ETH/USDT, the second-largest cryptocurrency by market capitalization, has fallen to 1,284.47, down 3.11% in the past week.   Cryptocurrency Market Heatmap | Source: Coin360   The top performers from the previous week were TerraClassicUSD (USTC), which maintained its first spot two weeks in a row, as well as Huobi Token (HT), and Casper (CSPR). USTC has increased by 75.52%, while HT gained 28.48% in the past seven days. Finally, CSPR gained 14.72%.   On the other hand, Lido DAO (LDO), Ethereum Classic (ETC), and Chilliz (CHZ) were the worst performers of the week. LDO is down 17.13%; ETC is down 13.74% in the last seven days; CHZ is down 13.33%.   Top Altcoin Gainers and Losers Top Altcoin Gainers: TerraClassicUSD (USTC) ➠ 75.52% Huobi Token (HT) ➠ 28.48% Casper (CSPR) ➠ 14.72%   Top Altcoin Losers: Lido DAO (LDO) ➠ 17.13% Ethereum Classic (ETC) ➠ 13.74% Chilliz (CHZ) ➠ 13.33%   News Highlights Here are some of the events that made the previous week's crypto news section stand out:   KuCoin is Celebrating its 5th Anniversary KuCoin, one of the largest cryptocurrency exchanges, is celebrating its 5th anniversary, as well as many achievements it reached in the time span. The exchange managed to reach over 20 million users globally, list over 700 cryptocurrencies, as well as pass over $2 trillion in total volume.   To celebrate the 5th anniversary of KuCoin Exchange, we will be launching numerous trading and non-trading campaigns, including the My Crypto Story campaign, where people can participate and share 20,000 USDT.   Bitcoin Mining Difficulty Hits New All-Time Highs The Bitcoin mining difficulty has reached its new all-time highs despite the negative market sentiment. With the last difficulty setting in, miners now need 13.5% more hash power in order to mine one BTC.   Bitcoin Mining Difficulty Chart | Source: blockchain.com   The last time a difficulty spike this big has been seen was in May 2021, at the height othe f crypto bull market.   The current network hash rate now comes up to 257 million terra hashes per second (TH/s), according to blockchain.com. The last hash rate increase has set a year-over-year increase of 117 TH/s.   Binance Smart Chain Hack: $570 Million at Risk Over the weekend, Binance Smart Chain, a blockchain closely connected with crypto exchange Binance, was the latest victim in a bridge exploit that ultimately drained the ecosystem of $100 million in crypto.   However, the exploit could have been much worse, as the initial amount at risk was as high as $570 million.   The community, as well as the validators, sprung into action quickly, and were able to ultimately lock down the chain and prevent the majority of the newly-minted BNB from being able to leave the ecosystem.   However, this has sparked a debate regarding centralization within blockchains among the crypto community.   Crypto Adoption in Brazil Spikes The number of companies that have declared cryptocurrency holdings in Brazil has reached new record highs. According to local media reports, the number of recorded companies that hold cryptocurrencies in Brazil reached 12,053 in August of 2022.   The increase in crypto holdings came as a result of high inflation rates and the trust that cryptocurrencies will offset the potential inflation loss.   The total number of companies holding crypto in Brazil has increased by 6.1% from July’s numbers.   The Fear & Greed Index at 24, Market Sentiment Remains Low The fear and greed index has shown no intention of moving up, with the current number sitting at 24, the same value it had the previous week. The indicator still indicates “extreme fear,” caused by the up-and-coming recession that will most likely affect the world even more in the winter months.   Fear & Greed Index | Source: Alternative   Crypto Calendar: Events to Watch This Week ➺ 11/10/2022 - Meridian 2022 Conference ➺ 11/10/2022 - Devcon 2022 ➺ 11/10/2022 - ETHPOW LBank Listing ➺ 12/10/2022 - Kava 11 Launch ➺ 12/10/2022 - Bitcoin Amsterdam ➺ 12/10/2022 - Web3 App Summit   Bitcoin (BTC/USDT) Analysis on KuCoin Chart Bitcoin has been on a slight downturn, ending only one day in the past week in slight green. The largest cryptocurrency by market cap has failed to break the falling 50-day moving average, prompting a drop toward the $19,000 level. Bitcoin is now attempting to remain above the level it fell to, with extremely strong immediate resistance levels sitting at the 21-day and 50-day moving averages.   While a push above the 21-MA sitting at $19,360 could be the spark that pushes BTC towards the $19,860 and 20,000 marks, this move is currently highly unlikely.   BTC/USDT Chart on the Daily Timeframe | Source: KuCoin   When it comes to support and resistance levels, Bitcoin is likely to encounter resistance to the upside just below $19,400 and at $19,860, as well as $22,850. On the other side, analysts state that traders should watch out for $18,150, as this is the only level separating Bitcoin from the $17,600 level.   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: Weekly Crypto Analysis: BTC Bulls Lose Steam; Bitcoin Mining, KuCoin Anniversary, Binance in Highlights| KuCoin
Binance Academy: How does Proof of Reserves work? What is it?

Altcoins: How Does BurgerCities (BURGER) Work? What Is It?

Binance Academy Binance Academy 12.10.2022 15:18
TL;DR BurgerCities is a one-stop MetaFi platform featuring a wide range of features, including its native token BURGER, a decentralized exchange (DEX), and non-fungible tokens (NFTs). Within the BurgerCities ecosystem, users can participate in daily activities, such as socializing and playing games, while exploring DeFi and NFT features.  The token BURGER can be used in liquidity provision, single-token mining, and in-game trading. Users can get BURGER by playing games in BurgerCities or purchasing it on cryptocurrency exchanges like Binance.   Introduction The Metaverse has made its mark within the crypto industry, having grown the cryptocurrency market significantly. Now, in 2022, it has become far more accessible, with more people believing it might be the future.  In light of this growth, numerous projects have considered ways to tap into the infrastructures needed to power virtual economies that function parallel to the real world. That’s where MetaFi comes in, which ultimately leads to BurgerCities’ consistent presence within the crypto world. Learn more on Binance.com What is BurgerCities?  While it sounds like a new burger chain, BurgerCities is a lot more interesting than that. Evolved from Burgerswap, a DeFi product that first came to existence on BNB Chain, it blends DeFi and NFT as part of its goal to create a uniform and standardized Web3 metaverse. In the BurgerCities world, users can participate in daily activities, such as socializing and playing games, in order to enjoy various DeFi and NFT features with their own online avatars. With this new ecosystem, BurgerCities is set to further drive dynamic metaverse development, bringing new vitality to Web3. The BurgerCities Ecosystem The BurgerCities Ecosystem is made up of various features such as:    The BURGER token: BurgerCities is powered by its native token, BURGER. It has a total supply of 63,000,000 tokens, which can be used in liquidity provision, single-token mining, and trading in-game items like Hero NFTs.    The Aggregator (Black Market): BurgerCities integrates an aggregation protocol that sources liquidity from various DEXs and CEXs, and is able to reroute users’ trades to ensure they’re getting the best price.   The Pool (Energy Plant): Users can earn benefits by providing liquidity in the Energy Plant. They can withdraw their rewards at any time.   The Bank (Central Bank): The Central Bank is BurgerCities’ single-coin dual-mining revenue aggregator, which can maximize users’ single-coin mining returns. Meanwhile, BurgerCities distributes the mining proceeds to users in the form of USDT.   The Hero (Dining Room): Heroes are unique NFT assets with a variety of uses, one of which is BurgerCities’ core gameplay. Users can level them up and use them to earn BURGER by completing in-game tasks. Heroes can also be sold in the Dining Room to earn rewards.   The Land and Building: The Land and Building is part of BurgerCities’ gameplay, allowing users to construct and maintain their own towns. Users can take a break in buildings after completing tasks, or rent them to other users or projects.   How does it work? To understand how BurgerCities functions, here are some of the key terms and protocols within BurgerCities you should know to help get you started. Swapper: Users who aim for the best price when swapping tokens can go to the Black Market in BurgerCities. The Black Market has aggregation protocols in place that source liquidity from various other exchanges, ensuring the best price across numerous DEXs.  Liquidity Provider: Liquidity provision in BurgerCities can be extremely profitable for investors. BurgerCities incentivizes liquidity providers using token rewards.  Staker: BurgerCities allows its users to earn yield by staking tokens in the Central Bank, which matches all staking assets with high-yield pools. In doing so, the rewards of single-token stacking are maximized, meaning that the more assets users have in the vault, the more rewards they will receive.  Gamer: BurgerCities merges gameplay and earning, essentially allowing users to not only earn rewards through gameplay but also enjoying various gaming options, from quests to land management.  Central NFT — Heroes: Heroes is one of BurgerCities’ unique NFT assets and a central part its gameplay. While gamers do not need Heroes to swap, stake, or provide liquidity in BurgerCities, they can use these assets to participate in quests, fight in PvP battles, and engage in professions.  Business Simulation: Gamers are given a metaverse scenario where they can build their businesses through in-game decision-making. In comparison to traditional economic simulation games, BurgerCities allows gamers to rent, upgrade, and trade NFT assets, all while providing them with the opportunity to receive rewards outside the game.  Tactical Combat: As outwitting opponents on a tactical level is a key component of battle outcomes, gamers must outsmart opponents by summoning strong Heroes and using combat tactics.. PvP and PvE: There are a variety of PvP and PvE gameplay options available in a battle when the BurgerCities’ PvP and PvE games begin.  Land Management: In addition to selling digital assets like NFTs , gamers can also earn money from owning and selling land within BurgerCities for various reasons. One such reason is advertising, as projects may be interested in placing advertisements on the properties on such land.   What is the BURGER token? The most important aspect of BurgerCities is its native token, BURGER, which is native to the BNB Chain. There is a total of 63,000,000 BURGER tokens. As a BEP-20 token standard, BURGER is incredibly useful in the BurgerSwap ecosystem, as it gives its holders voting rights on updates and proposals to the protocol. It can also be used for liquidity rewards, single-token mining, and in-game trading. Additionally, it is used to reward users for completing in-game activities. At the same time, the total BURGER supply is distributed across different utilities, with 50% allocated to incentives, 10% to the project’s team, 10% to strategic financing, 10% to project operation and liquidity management, and 20% to ecology development and future growth. How to Buy BURGER on Binance The biggest question on your mind right now is probably how you can purchase BURGER and become a part of BurgerCities. You can purchase BURGER right here on Binance in two ways:  You can use credit / debit cards with selected fiat currencies. First, head to Binance’s Buy Crypto with Debit/Credit Card page, then select the currency of your choice and choose BURGER in the bottom field. Finally, click [Continue] to confirm your purchase. You can also trade other cryptocurrencies, such as USDT, BUSD, BNB, and ETH, for BURGER. First, head to the Trading View on Binance, then type BURGER in the trading pair search field that displays all available trading pairs. For more information on the TradingView, read our How to Use TradingView on the Binance Website guide.     What’s next for BurgerCities The future of the Metaverse and by extension, BurgerCities, undoubtedly looks bright. A new version of BurgerCities will soon be released, providing users with new gameplay functions. Additionally, the Metaverse’s land and house landscape will be completely refined.    Closing thoughts As MetaFi continues to grow, BurgerCities will focus an innovative lens on MetaFi with its combination of earning and gaming. With BurgerCities, players will be able to game while accessing the crypto world in a new and exciting way.
Binance Academy: How does Proof of Reserves work? What is it?

Altcoins: BENQI (QI) - What Is It? How Does It Work? | Binance Academy

Binance Academy Binance Academy 13.10.2022 13:59
TL;DR BENQI provides users with an Avalanche-based network that’s scalable, accessible, and decentralized. The BENQI ecosystem has established two main protocols – BENQI Liquid Staking and BENQI Liquidity Market. BENQI Liquid Staking (BLS) is a liquid staking solution that tokenizes staked AVAX to allow users to utilize the yield-bearing asset within DeFi applications. BENQI Liquidity Market (BLM) enables users to lend, borrow, and earn interest on their crypto assets effortlessly. Depositors providing liquidity to the protocol earn yield, while borrowers can borrow in an over-collateralized manner. Introduction Decentralized finance (DeFi) has grown significantly over the past few years. This important crypto sector provides users transparent, accessible, and permissionless platforms for accessing financial tools. Whether you’re using BNB Chain, Ethereum, Avalanche, or another network, a wealth of financial services is available with just a few clicks. With a focus on approachability, ease of use, and low fees, BENQI aims to democratize access to two fundamental financial products: liquid staking, an innovative financial product for unlocking the value of staked coins, and lending & borrowing. Learn more on Binance.com What is BENQI? BENQI is a Decentralized Finance (DeFi) protocol built on the Avalanche network. The BENQI protocol consists of BENQI Liquid Staking and BENQI Liquidity Market. BENQI Liquid Staking (BLS) is a liquid staking solution on Avalanche where users can utilize locked capital staked with Avalanche validators. This feature provides additional utility to their yield-bearing asset without lock-up periods or tedious cross-chain transfers. BENQI Liquidity Market (BLM) is BENQI’s lending and borrowing protocol. Users can lend and borrow crypto-assets listed in a permissionless manner via smart contracts with no human intermediaries involved. Users earn yield for depositing assets into the market, and borrowing is done in an overcollateralized manner. How does BENQI work? BENQI Liquid Staking (BLS) Users stake AVAX on BLS and receive a yield-bearing asset, sAVAX, that earns yield accrued from Avalanche validator rewards. sAVAX can be freely transferred, traded, or used within DeFi applications such as automated market makers (AMMs), lending & borrowing protocols, and yield aggregators. Through BLS, users stake AVAX on the EVM-compatible Avalanche C-Chain without needing to stake on the Avalanche P-Chain. This mechanism allows users to earn validating rewards from the P-Chain without running a full node, locking up AVAX on a validator node, or meeting the minimum staking threshold. Users can redeem the AVAX asset at any time with no fees through a 2-week unstaking cooldown period or instantly swap it via AMMs with an exchange fee. BENQI Liquidity Market (BLM) BLM is BENQI’s lending and borrowing protocol deployed on the Avalanche network. It enables users to effortlessly lend, borrow, and earn interest with their crypto assets. Unlike traditional lending and borrowing markets, BLM operates entirely via smart contracts with no human intermediaries. Through smart contracts, yield is calculated algorithmically based on lenders' supply against borrowers' demand on BLM. Depositors providing liquidity to the protocol earn yield based on the algorithm, and borrowers can borrow in an over-collateralized manner.  Third parties that liquidate borrowers’ assets earn a reward fee. These liquidations are based on parameters set within these smart contracts and the price feed of assets supplied to them. BLM sources these price feeds from a decentralized oracle network, Chainlink, that provides reliable and secure price data. What makes BENQI unique? BENQI prioritizes approachability, ease of use, and low fees. By deploying on the Avalanche network, users can enjoy the benefits of a highly scalable platform that is both decentralized and low in fees. The founding BENQI team works extensively with both the Avalanche and DeFi community to continuously review and improve the BENQI unique suite of protocols that includes: BENQI Liquid Staking (BLS) 1. A seamless staking experience - BLS offers users a seamless solution to stake AVAX. By staking with BLS, users bypass the tedious process of running an Avalanche validator or having to meet the minimum requirement for staking on the Avalanche P-Chain. 2. High levels of liquidity and integration - Users that stake AVAX with BLS receive a yield-bearing token, sAVAX, deeply integrated across major DeFi applications on Avalanche. 3. Utility - The veQI token provides the QI token utility. By staking QI for veQI, Avalanche validators can directly stake AVAX delegations from BLS to their validator of choice to earn additional delegation rewards. BENQI Liquidity Market (BLM) Universal access - Assets listed on BLM include most blue-chip assets, like wBTC, wETH, AVAX, sAVAX, and a variety of widely adopted stablecoins, including BUSD. Through BLM, users can easily earn a yield on their assets while borrowing in an over-collateralized manner. Deep liquidity and connectivity - BLM provides users with deep liquidity for borrowing. Users can easily borrow and transfer assets to top centralized exchanges or bridge borrowed assets to major Layer 1 networks, including BNB Chain, Ethereum, Polygon, Arbitrum, and more. The QI token QI is the native token for BENQI with two main functions: governance and utility. QI is BENQI’s governance token that oversees the improvements and changes of the BENQI protocol. QI is required to decide and vote on proposals set out by the BENQI DAO, steering the direction of the protocol. Key parameters proposed and voted on include economic proposals, security upgrades, and additional development of the BENQI protocol. Users can stake QI on BENQI Liquid Staking (BLS) to receive veQI, a novel utility token that enables additional AVAX staking delegations to high-performing Avalanche validators. Vote-escrowed QI, veQI, represents a user’s voting power for additional AVAX delegations from BLS.  Through veQI, users can vote for specific Avalanche validators to receive additional AVAX staking delegations from BLS’s pool of AVAX liquidity. The amount of delegations is based on the validator’s aggregate vote count of veQI. A total of 30% of delegations from BLS is open to veQI holders. To be eligible, validators must first meet the validator minimum criteria. Closing thoughts BENQI opens up a wealth of options for existing users of DeFi or users curious to try DeFi without the additional friction it previously brought. With a focus on usability and a protocol with deep integrations within other DeFi platforms, all users need is a web3 wallet, an internet connection, and some funds.
ApeC Pro - The Best Features Of DEX And CEX In One

How Much Has Cardano Price (ADA) Decreased Since The Vasil Update?

Conotoxia Comments Conotoxia Comments 13.10.2022 21:10
Cardano (ADA) has lost more than 24% since the long-awaited Vasil update, as investors seem to become increasingly dissatisfied with the market's reaction. Vasil Update - an update without a reflection in the price? Vasil was supposed to be one of the major developments of the project, which, like previous updates e.g. the 'Mary hard fork update', was supposed to foster efficiency and network growth, and ultimately increase Cardano usage. The most important areas of the update were to include improvements to throughput, transfer speed and the Plutus language for the development of dApps (decentralised applications), i.e. applications that can be developed on the project infrastructure. Following the launch of the 'Vasil update' on 23 August in Europe, the price of the coin rose by more than 12% in the following weeks. However, it then began to fall. Is possible that the low volatility of the ADA price at the end of September was due to the general sideways trend across the crypto market, which was also seen in leading tokens such as Ethereum and Bitcoin. What's next for Cardano? Cardano price, daily candles Source: Conotoxia MT5 Investors have been selling off the token significantly since the beginning of this week, with the token losing more than 15% on the Conotoxia MT5 platform today at 15:00 GMT+3. Such large declines may also be driven by regularly deteriorating sentiment in other markets, with which the token appears to have been strongly correlated over the past year. According to Macroaxis data, the 3-month average correlation between Cardano and the QQQ ETF, which gives exposure to the Nasdaq Composite index, is now as high as 0.75. The Ethereum merge that affected the performance and cost of ETH may also play a role in Cardano's performance. The blockchain of the world's second-largest token has become, thanks to infrastructure changes, a very attractive place to develop dApps, which may impact growth expectations for the ADA project. An additional factor that may favour short-term declines in the value of the token is the relatively large run-up of the ADA, from a local low (in July this year). It has provided enough room for the downside we are now seeing. The token scored a 35% rally during this period, broken along with other coins in the second half of August. How to find CFDs on Cardano? CFDs allow you to open buy and sell positions, and thus invest when quotes rise as well as fall. At Conotoxia, you can choose from CFDs on more than 5,000 financial instruments, including more than 140 CFDs on cryptocurrencies. Wanting to find CFDs on Cardano, all you need to do is follow 4 simple steps: To access Trading Universe - a state-of-the-art center for financial, information, investment and social products and services with a single Smart account, register here. Click "Platforms" in the "Invest&Forex" section. Choose one of the accounts: demo or live On the MT5 platform, search for a CFD cryptocurrency and drag it to the chart window. Use the one-click trading option or open a new order with the right mouse button. Rafal Tworkowski, Junior Financial Markets Analyst, Conotoxia Ltd. (Cinkciarz.pl investment service) The above trading publication does not constitute an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of 16 April 2014. It has been prepared for information purposes and should not form the basis for investment decisions. Neither the author of the study nor Conotoxia Ltd. accepts any responsibility for investment decisions made on the basis of the information contained in this publication. Reproduction or reproduction of this study without the written consent of Conotoxia Ltd. is prohibited. Read article on Conotoxia.com
The Lowest BTC Mining Revenue | Singapore Bank DBS Is The First Asian Bank To Use JPMorgan’s Blockchain-Based Fixed Income

Tether (USDT) Gets Rid Of Commercial Paper, Polygon (MATIC) And Its Latest Public Testnet

Crypto.com Accelerate the... Crypto.com Accelerate the... 17.10.2022 09:51
BTC becoming less volatile. Tether replaces commercial paper with U.S. Treasury bills. Polygon launches zkEVM public testnet. Chart of the Week: BTC Becoming Less Volatile BTC’s implied volatility, a widely used measure of risk gleaned from the derivatives market, has recently been falling. This is in stark contrast to the rising VIX, which measures implied volatility for the S&P 500 index (comprised of the largest U.S. equities). This could be implying less cautious sentiment for BTC compared to equities and is also potentially indicative of a typical consolidation phase given the low trading volumes as well. Crypto Fund Flow Tracker The aggregated exchange balance for BTC continues to hover around YTD lows. No significant movements were seen in OTC (over-the-counter) desks’ balance for BTC. OTC desks are typically used by larger investors. Crypto Derivatives Pulse BTC and ETH put-call ratios are at yearly lows. Implied volatilities (vols) dropped again over the past week and are at subdued levels. 1-month implied vol currently stands at 55.3% (vs. 59.3% a week ago) and 69.8% (vs. 73.0% a week ago) for BTC and ETH, respectively. BTC perpetual futures funding rates remain positive (longs pay shorts). ETH funding rates are still mainly negative (shorts pay longs). No notable movements in leveraged traders’ and asset managers’ net positions in CME Bitcoin futures over the past week.  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. Crypto Price Movements     Crypto News Highlights BNY Mellon, the world’s largest custodian bank and the oldest lender in the U.S., announced it has added crypto to its custody services. The bank will now be able to provide fund manager clients with keys storage for BTC and ETH, as well as other traditional bookkeeping services. Policymakers with the European Parliament Committee on Economic and Monetary Affairs approved the Markets in Crypto-Assets (MiCA) framework. MiCA aims to create a consistent regulatory framework for crypto among the European Union member states. Polygon (MATIC) launched its zero knowledge-EVM (zkEVM) public testnet. Polygon’s zero knowledge roll-up with EVM (Ethereum Virtual Machine) technology is a type of Layer-2 scaling solution for the Ethereum (ETH) blockchain. EVM is the software that runs smart contracts on Ethereum. With zkEVM, developers won’t have to learn new programming languages and can transfer their smart contracts over from Ethereum easily. Tether, issuer of the stablecoin USDT, has reduced its commercial paper to zero, replacing them with U.S. Treasury bills, in an attempt to back its stablecoin with more secure reserves. An exploiter who says he is part of the group that drained US$114M from Solana (SOL) based decentralised crypto exchange Mango Markets, returned US$67M to the exchange. 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 in this report are registered trademarks of their respective owners. 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: crypto.com
Investors Are Becoming More Cautious After Seeing The Impact A Run Can Have On Crypto Market

It All Started With Bitcoin, This Is Why BTC Indicates The State Of The Entire Cryptocurrency Market

Binance Academy Binance Academy 19.10.2022 14:07
TL;DR Bitcoin dominance is the share of the original cryptocurrency, BTC, in the entire crypto market’s capitalization. For quite some time since its inception in 2009, bitcoin remained the only digital asset in existence and thus, naturally, solely accounted for all the crypto market’s capitalization. However, over time, things started to change. The year 2013 saw the first wave of altcoins that added their value to the crypto market cap’s formula. 2015 was the birth of Ethereum — Bitcoin’s closest rival that spawned the currency ether — and then, in 2017, the ICO boom resulted in BTC dominance further diluted and hitting an all-time low, only to recover to above 50% in a few months. Today, BTC dominance faces its heaviest competition in DeFi, NFT and metaverse tokens, and over 20,000 non-bitcoin cryptocurrencies. Introduction Bitcoin, the world’s first cryptocurrency, was launched to the public in 2009 by an anonymous developer or group of developers known as Satoshi Nakomoto. Since then, despite the emergence of competition, bitcoin has remained the world's largest and most valuable cryptocurrency. Its underlying technology has also inspired the development of thousands of new cryptocurrencies collectively known as alternative coins, or altcoins.  Bitcoin’s standing against the rest of digital assets continues to be hugely important and indicative of the state of the overall crypto market. To measure bitcoin’s market cap relative to the larger crypto market, traders and analysts use a ratio called bitcoin dominance, also known as BTC dominance. Learn more on Binance.com What is BTC Dominance? BTC dominance is the share of bitcoin in the crypto market’s overall value. It is calculated by dividing BTC’s market cap by the total cryptocurrency market cap.  But why is it important? Historically, traders have used BTC dominance to help understand whether altcoins are on an up or downtrend against bitcoin. For example, one popular theory is that the crypto market is heading into a bull market if altcoins are trending up. In 2017, for instance, a significant decline in BTC dominance signaled altcoin prices skyrocketing (rather than BTC price declining), coinciding with the entire market entering a bull phase. From One Cryptocurrency to Thousands In 2011, the first altcoin, litecoin, was born, and in 2013 — dubbed “the year of the bitcoin” by Forbes magazine — the number of new altcoins entering the market began to rise quickly. By May 2013, the crypto market counted at least ten tokens, including litecoin (LTC) and Ripple’s XRP.  Concurrently, bitcoin’s price skyrocketed as more investors discovered the digital asset space for the first time. Yet, even with a few newcomers to compete against, BTC dominance remained at around 95% during this period.  The birth of Ethereum In 2015, Vitalik Buterin and a team of developers launched the Ethereum (ETH) network. It set to rival Bitcoin as a blockchain that allowed more use cases beyond financial services like the transfer of money. Unfazed by the competition in Ethereum’s native token, ether (ETH), bitcoin continued to account for around 90-95% of the crypto market. Things only started to change in 2017 — the start of the initial coin offering (ICO) boom. ICO fever  Initial coin offerings (ICOs), a popular crowdfunding method for early-stage crypto projects, became a prominent trend from 2017 to 2018. There were around 2000 unique ICOs during this period, with over $10 billion raised cumulatively. Funds began flowing from bitcoin into many of the newer altcoins that surfaced at that time. Some investors believed in the compelling, yet unproven, use cases, while some were more interested in profiting off dramatic price swings.  The unprecedented influx of altcoin competition resulted in bitcoin dominance experiencing its first major decline, dropping to an all-time low of around 37% in January 2018.  2018’s crypto winter While it had generated considerable attention toward crypto, the ICO boom was ultimately short-lived. Investors realized that many ICO projects lacked core fundamentals or had questionable business practices. Some projects even became the target of regulatory scrutiny by the U.S. and other authorities. This increase in negative sentiment eventually overtook the industry, sending the entire crypto market into a prolonged period of price decline and stagnation. Bitcoin’s recovery With many altcoins’ value tanking and investors’ general disillusionment in ICOs, BTC dominance gradually climbed back to over 50% by the final months of 2018.  In 2019, bitcoin’s price experienced a slight resurgence, trading at around $7,000 by the end of the year, while BTC dominance peaked at about 70% in September. The digital asset, however, would remain relatively still until the COVID-19 pandemic struck the world in 2020. The COVID market Beginning in 2020 — in the aftermath of a short, COVID-fulled dip — the crypto market would enter a record-breaking bull run. Simultaneously, BTC dominance would reach 72% in January 2021, its highest tally since 2017, before collapsing to 39% by mid-2021.  With the looming pandemic, many people, bored and stuck at home, turned to day trading and investing to pass the time. Meanwhile, to offset the pandemic’s economic downturn, governments around the world issued cash handouts to stimulate their struggling economies. Retail traders invested a considerable portion of these funds in stocks, forex, or the crypto market for the first time. Now, following all the media attention to crypto during the latter half of 2020, altcoins became an increasingly attractive, albeit risky, choice for retail investors, especially newcomers looking for quick gains. For example, shiba inu (SHIB) saw its price go up more than 40 million percent in 2021.  Further, the rapid growth of innovations like decentralized finance (DeFI) and NFTs, which primarily exist on competing blockchains like Ethereum and Solana (SOL), contributed to bitcoin losing more of its market share. Solana’s price, for example, increased from $1.50 to an all-time high of $250 in 2021 after gaining significant institutional and retail interest in its underlying technology.  Since then, BTC dominance has struggled to climb over 50%. BTC dominance’s recent slow growth may have something to do with ETH 2.0, Ethereum’s long-awaited switch to proof-of-stake, and the ongoing bear market.    Clothing Thoughts In recent years, the growth of the altcoin market has diluted bitcoin’s market share. Unlike the early years, when there were very few competitors, bitcoin now competes against DeFi tokens, the increasingly popular NFT sector, and thousands of other cryptocurrencies.  Even so, bitcoin is still the leading cryptocurrency in terms of market cap, with BTC dominance unlikely to go away anytime soon. For starters, many investors see bitcoin as a store of value because of its finite supply — hence the nickname “digital gold.” But most importantly, bitcoin’s status as the industry’s first-ever cryptocurrency has given it a competitive edge in the digital asset market. However, history has shown if something better comes along, that first-mover advantage won’t last very long. It remains to be seen if there’ll ever be another cryptocurrency to dominate the crypto market as much as bitcoin has so far.
Over 7000 Porsche NFT to be released

Magic Eden Is The Latest NFT Marketplace | The World Of Football And Skateboarding At The NFT (PSG x Clown Skateboards)

Crypto.com Accelerate the... Crypto.com Accelerate the... 21.10.2022 11:03
Key Takeaways Solana-based Magic Eden has become the latest NFT marketplace to shift to an optional royalties model, following in the footsteps of X2Y2 in August. Under this model, buyers can make the decision on how much royalties to pay. Playing card brand Bicycle bought a Bored Ape Yacht Club NFT for US$187,000. The brand plans to create and sell physical playing cards based on the Ape. Bicycle specifically chose an Ape with a joker playing card in a helmet — only 2% of the 10,000 Apes have this attribute. NFT fantasy sports gaming platform Sorare is launching a free-to-play digital collectible-based fantasy basketball game in partnership with the NBA. Players can collect NFT trading cards featuring NBA basketball players, as well as assemble and manage teams. X2Y2 recorded a -30% decrease in sales and a -10% decrease in transactions. Meanwhile, OpenSea‘s sales were positive at +39% and its transaction count also increased +66%. The total market cap for GameFi tokens now stands at $7.2 billion, down -7% from last week. Crypto.com NFT in the Spotlight The “Halloween Bash – Create Your Own Halloween Monster” NFT collection allows users to explore endless combinations in pursuit of creating their completely unique creature. A collaborative effort between seven prominent NFT creators, this drop is cementing itself as a major show of artistic excellence. “PSG x Clown Skateboards” features the worlds of football and skateboarding, as well as the two beloved cities of Paris and London, with accompanying easter eggs. This NFT collection is created by Clown Skateboards‘s Jeff Boardman and Vikas Malik, in collaboration with the Paris Saint-Germain football club. NFT Highlights Azuki reveals physical backed tokens for on-chain ownership of physical items Shopify users get their hands on Tezos NFTs with new partnership Digital real estate platform sells house as an NFT Coinshares launches experimental new NFT pricing tool Latin American exchange Lemon integrates with NFT marketplace TravelX to allow airline ticket purchases GameFi Highlights GameFi platform Arcade raises $3.2M led by Crypto.com and other prominent investors DappRadar says Decentraland has 650 daily active users Major League Baseball is hiring to expand its NFT, digital games and metaverse presence Web3 infrastructure firm ChainSafe raises $18.75M as attention shifts to GameFi Japan’s Konami seeks to hire talents to advance Web 3, metaverse, and NFT efforts NFT Transaction Benchmark The following chart shows select top NFTs and their historical floor prices: Top Collections The following table shows select top creators (by sales volume on each platform) and a sample of their art: PlatformCollectionSales Volume (USD)Sample Crypto.com NFT Loaded Lions $99,000 Minted VVS Miner Mole $59,000 Magic Eden DeGods $2,235,000 OpenSea CryptoPunks $3,623,000 Platform Crypto.com NFT Collection Loaded Lions Sales Volume (USD) $99,000 Sample Platform Minted Collection VVS Miner Mole Sales Volume (USD) $59,000 Sample Platform Magic Eden Collection DeGods Sales Volume (USD) $2,235,000 Sample Platform OpenSea Collection CryptoPunks Sales Volume (USD) $3,623,000 Sample GameFi Top Gainers & Losers Top Games Metrics Daily Gamers by Blockchain 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 in this report are registered trademarks of their respective owners. Nothing in this report is intended to suggest that NFTs are investment products, nor securities, nor anything similar or “financial” of any description. NFTs are to be reserved for fun only and NOT with any expectation of “value”, “profit”, “yield” or “investment”. You are also aware that NFTs are not a store of value, are not a generally accepted medium of exchange, and are considered very illiquid and volatile.
The Lowest BTC Mining Revenue | Singapore Bank DBS Is The First Asian Bank To Use JPMorgan’s Blockchain-Based Fixed Income

Cryptocurrency Volatility Continues To Decline | The European Union And Energy Efficiency For Blockchains

Crypto.com Accelerate the... Crypto.com Accelerate the... 24.10.2022 13:42
Crypto volatility in freefall. Ethereum launches Shandong testnet. Europe to develop energy efficiency label for blockchains. Chart(s) of the Week: Crypto Volatility Freefall Crypto volatility continues to fall, as seen in the options implied volatilities (vols) downtrend for both BTC and ETH. Implied vols are derived from the options market and are typically used as forward-looking measures of risk. 1-week implied vol for BTC currently is at 43.7%, the lowest level this year.  While one interpretation of the low volatility could be less cautious sentiment, it could also be seen as a somewhat dull environment from a short-term trading perspective as the price is essentially stuck in a narrow sideways range. The low implied vols potentially also indicate relatively cheap prices for downside protection via options. Crypto Fund Flow Tracker The aggregated exchange balances for both BTC and ETH continued to fall over the past week, potentially implying weakening sell pressure. No significant movements were seen in OTC (over-the-counter) desks’ balance for BTC. OTC desks are typically used by larger investors. Crypto Derivatives Pulse No significant movements in BTC and ETH put-call ratios over the past week. BTC perpetual futures funding rates remain positive (longs pay shorts), while ETH funding rates continue to hover around neutral levels. Crypto Price Movements Crypto News Highlights Ethereum (ETH) launches Shandong, a testnet to prepare for the Shanghai upgrade. Shandong will be a testing ground for numerous Ethereum Improvement proposals (EIPs) for selecting to include in the later Shanghai upgrade, one of which could potentially be allowing those that hold staked ETH to withdraw it.  The European Union is set to develop an energy efficiency label for blockchains. This is part of wider plans to control energy consumption of the Information and Communications Technology (ICT) sector.  Aptos (APT), a Layer-1 blockchain, launched its mainnet. Aptos was created by ex-Meta developers and includes among its investors Andreessen Horowitz. Following the launch, there has been some controversy about its tokenomics and transaction speed being slower than claimed. Fidelity’s crypto platform, Fidelity Digital Assets, will allow its institutional clients to trade ETH starting on 28 October. This follows Fidelity’s launch of an Ethereum Index Fund for accredited investors back in late-September. A single miner managed to capture a large portion of the Bitcoin SV (Bitcoin Satoshi’s Vision) blockchain by accounting for as high as 80% of the hashrate. The miner has been mining near-empty blocks, making the blockchain unusable for long periods of time. 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 in this report are registered trademarks of their respective owners.  
In the previous week Cardano, Ripple and Solana decreased by 4%, 5% and 6% respectively

In the previous week Cardano, Ripple and Solana decreased by 4%, 5% and 6% respectively

Kucoin Blog Kucoin Blog 26.10.2022 13:58
Table of Contents Crypto Market Overview Top Altcoin Gainers and Losers Crypto Fear & Greed Index This Week’s News Highlights Notable Events to Watch This Week Bitcoin (BTC/USDT) Technical Analysis Crypto Market Overview The crypto market’s total market cap didn’t move much compared to its previous week, which ended at $921 billion vs. ~$915 billion last week. Bitcoin (BTC) continues its gradual consolidation with a slight boost of 0.2% this week. Ether (ETH) showcased a decent surge of 3.5% in the past seven days. Ripple (XRP), one of the prominent cryptos, lost nearly 5% of its value this past week. The altcoin market struggled with many coins/tokens trading in the red except for a few. TVL of the DeFi sector increased, and now it is at around $60 billion. The crypto market closed at an overall uneventful week, fitting perfectly within an equally lifeless month. Most of the tokens have been consolidating to depreciating but not at an alarming rate. A few cryptos have surged, including ETH, but the gains aren’t notable either. This reflects in the total crypto market cap, as it barely changed in the past week, gaining only $3 billion.   Bitcoin (BTC) ended this week at around $19,400, which is almost the same as its previous week’s closing price - $19,300. The most valuable cryptocurrency has attempted to go beyond $20,000 this week as its price on Tuesday went as high as $19,700, only to drop again to $19,500s. Currently, the price is hovering around the $19,400 mark, and it is safe to say the market is under the control of bears.   Ether (ETH) saw an overall surge of 3.5%, ending the week in green after many disheartening red weeks. However, this 3.5% doesn’t contribute to damage control by any chance, as it is too small to please even its most loyal supporters. ETH is far behind (close to 200%) its glory days, as the price now is just above $1,300.   Looking at the altcoin market, Cardano (ADA) depreciated by 4%, Ripple (XRP) by 5%, and Solana (SOL) by 6%. Many other tokens in the altcoin market (including DOT and SHIB) also fell by a small percentage.     Cryptocurrency Market Heatmap | Source: Coin360   Many Metaverse tokens have followed the path of top altcoins with minor depreciations. Notable tokens in this sector, such as Axie Infinity, Decentraland, Theta, and Sandbox, saw a notable loss in their token values.   On the bright side, the total value locked (TVL) in the DeFi sector almost doubled to $60 billion, adding almost $26 billion to major DeFi protocols this week.   Top Altcoin Gainers and Losers Top Altcoin Gainers Huobi Token (HT) ➠ +30.40%   Klaytn (KLAY) ➠ +25.40%   Aave (AAVE) ➠ +16.86%   Top Altcoin Losers Axie Infinity (AXS) ➠ -20.72%   Ethereum Naming Service (ENS) ➠ -13.80%   Quant (QNT) ➠ -11.68%   Fear & Greed Index at 22, Market Sentiment Bearish Crypto fear and greed index continues to remain at 22 (same as the previous week) as the market didn’t see much movement. As you can see below, the ongoing crypto winter hampered the market sentiment, with “Extreme Fear” being the case for the past three months.       Fear & Greed Index | Source: Alternative   This Week’s News Highlights Jack Dorsey Unveiled His New Social Media Project Twitter founder and crypto/blockchain vehement Jack Dorsey announced his most anticipated social media project. This decentralized protocol is known as ATP - Authenticated Transport Protocol and is designed to give back control to users where they protect their data and identity when using social networking apps.   Spain Surpasses El Salvador Spain beats El Salvador to become the third-largest crypto ATM hub in the world. With 215 active crypto ATMs, Spain now stands in third place with the most number of crypto ATM installations after the USA and Canada - a report from CoinATMRadar stated. This implies the level of crypto adoption in one of the strongest economies in Europe.   Do Kwon (Terra Founder) Takes The Blame Do Kwon apologizes for his arrogant tweets as he agrees to take the blame for Terra’s catastrophe. In a recent interview, Terra's founder spoke about the platform’s unfortunate crash. He said that he takes complete responsibility for the crash and also mentioned that the fraud allegations against him are invalid.   Crypto Calendar: Events to Watch This Week ➺ 24/10/2022 - SGB - Flare Decentralization ➺ 25/10/2022 - SCRT - Secret Spaces ➺ 26/10/2022 - KAVA - Liquid Staking Mainnet ➺ 26/10/2022 - VLX - Wavelength DAO Launch ➺ 28/10/2022 - XCH - YouTube Live AMA ➺ 31/10/2022 - FLUX - Dual Snapshot   Bitcoin (BTC/USDT) Technical Analysis on the KuCoin Chart The most valuable crypto pair, BTC/USD, is yet to make a major move in either of the directions as the price continues to move sideways for a few weeks now. The good news is that the consolidation could be ending soon, as technical analysis suggests that BTC could make a decisive move soon.   On the daily timeframe, BTC failed to break the $20k resistance multiple times in the past few weeks. The strong support level is at $18k, with primary resistance levels at $20k, $21k, and $24k. These significant S&R levels are determined by combining 100-MA & 200-MAs, which proved to be valid in most of the scenarios.     BTC/USDT Chart on the Daily Timeframe | Source: KuCoin   Despite Bitcoin breaking the long-term bearish trendline (the black slanting line in the above price chart), the price got stopped by another significant resistance level at $20k. We can consider the market to be bearish unless the price breaks the next three above-mentioned resistance levels.   If buyers manage to take the price beyond $24k, we can see a potential bullish scenario in the BTC/USDT pair. Contrarily, if sellers manage to take the price below $18k, the results will be catastrophic for BTC as the price could quickly go to $15k or lower.   As the cryptocurrency market continues to move sideways without taking any direction or making noteworthy changes, it is hard to determine when it will snap out. With the fears of global recession, high inflation, and political uncertainties in bigger economies like the UK, the crypto winter is expected to continue for at least the next few months.   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: Weekly Crypto Analysis: BTC & ETH Consolidating; Top Altcoins Bleeding as the Global Economy Suffers| KuCoin
Ledger Wallets Also Now Support CRO Holdings | MakerDAO And Increasing The DAI Savings Rate

Aave, MakerDAO and NEAR deliver us with interesting news

Crypto.com Accelerate the... Crypto.com Accelerate the... 27.10.2022 21:57
Aave released a technical paper of its upcoming GHO stablecoin and first audit findings. MakerDAO voted in favour of founder’s ‘Endgame Plan’. NEAR Foundation to shut down USN stablecoin. Weekly DeFi Index This week’s market cap index was positive at +1.30%, while volume and volatility indices were negative at  -11.19% and -4.91%, respectively. Check the latest prices on Crypto.com/Price DeFi Index Tokens     News Highlight Decentralised lending protocol Aave released a technical paper on its upcoming GHO stablecoin, along with the results of its first security audit conducted by security firm Open Zeppelin. GHO was proposed and passed in July this year, with 99.9% of community votes in favour of launching the coin. The code audit found two medium-severity bugs in the codebase; however, there were no critical or high-severity bugs found.  MakerDAO votes in favour of founder Rune Christensen’s ‘Endgame Plan’, one designed in the hopes of improving protocol governance mechanisms and making it more decentralised. It involves restructuring the DAO into smaller teams dubbed MetaDAOs, where each will have its own governing token and aligned mission. NEAR Foundation will shut down its USN stablecoin, an update that comes after the network suffered a US$40 million ‘collateral gap’. In light of this event, it also launched the USN Protection Programme to support the digital asset’s wind-down and fully cover this collateral gap, ensuring eligible USN holders can redeem their USN on a 1:1 basis with USDT. Polygon-based decentralised exchange QuickSwap recently announced plans to close its lending platform following a flash loan exploit. The attack took place on the Market XYZ lending market, and over $220,000 worth of tokens were reportedly stolen. QuickSwap confirmed that the hacker has returned the stolen funds and that the vulnerability exploit did not affect its smart contract. DEX Protocols Metrics     Lending Protocols Metrics     Charts on Layer-2 Projects The overall L2 market remained at the same level last week, as its TVL rose slightly by +0.41%. Optimistic rollup and zero-knowledge rollup projects jumped +0.79% and +1.21%, respectively. Ethereum’s TVL change was positive at +4.23%. The TVL changes for all optimistic rollup projects were all slightly positive except for Metis Andromeda (-0.86%). Optimism surged the most at +0.87%. ZK rollup projects’ TVL movement was a mixed bag: StarkNet saw the highest growth at +34.20%, while Loopring plummeted the most at -2.57%. Further Reading zkSync rolls out critical testnet integration for its validity proofs ahead of mainnet Circle partners with Axelar on cross-chain initiative for USDC Umee: Mainnet upgrade to unlock the full potential of the Cosmos ecosystem Q3 update: Bitcoin mining now consumes 0.16% of the global energy production An unknown miner commands more than 51% of BSV’s hashpower, consecutive strings of empty blocks makes chain unreliable Ankr becomes one of the first RPC providers to the Aptos blockchain Flashbots has a new plan: ‘Make TradFi look embarrassing’ 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 in this report are registered trademarks of their respective owners. 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 DEFI LAYER 1 LAYER 2 Source: DeFi & L1L2 Weekly (26/10/2022) (crypto.com)
Over 7000 Porsche NFT to be released

Horse Racing At The NFT-DeRace | OpenSea Sales Were Positive, GameFi Saw An Increase

Crypto.com Accelerate the... Crypto.com Accelerate the... 28.10.2022 09:28
Key Takeaways Crypto.com signed an MOU with gaming software development studio ACT Games. The Cronos blockchain will soon be powering ACT Games’s NFT trading card game “Zoids Wild NFT Arena”. Crypto.com will issue an NFT collection based on A Story produced Korean drama “Extraordinary Attorney Woo”. Four whale artworks produced by top Korean illustrator Chul-min Lee were also showcased at Blockchain Week in Busan. Bored Ape Yacht Club NFT holders have access to a new merchandise drop. The BAYC x McBess x The Dudes drop contains apparel, accessories, and artwork. Amongst the items are t-shirts, jackets, prints, and stickers with monochromatic designs. Reddit brought half a million or more newcomers to the world of NFTs, using a jargon-free approach to presenting digital collectibles. Around three million wallets have been created to acquire Reddit’s Collectible Avatars, and sales volumes have exceeded US$6.7 million. X2Y2 recorded a -19% decrease in sales and a -15% decrease in transactions. Meanwhile, OpenSea‘s sales were positive at +21% and its transaction count also increased +9%. The total market cap for GameFi tokens now stands at $7.83 billion, up +9% from last week. Crypto.com NFT in the Spotlight The “Visa Masters of Movement” NFT collection is a fusion of football, art, and technology. To celebrate FIFA World Cup Qatar 2022, Visa has taken some of football’s most iconic moves from five legendary players and transformed them into digital art. Proceeds from the sales of this collection will also benefit the charity Street Child United. DeRace is an NFT horse racing metaverse based on blockchain technology and it allows players to race, equip, breed, and rent NFT horses. Each “DeRace Mystery Box” contains one wearable NFT for your virtual horse, including saddles, horseshoes, and stirrups.These can be used to unlock the performance of the NFT horses or traded on NFT marketplaces. NFT Highlights NFT marketplace LooksRare switches to optional royalties OpenSea revises OpenRarity Protocol to reflect market dynamics Twitter will allow users to buy and sell NFTs through tweets Over $1M worth of ETH and NFTs stolen in phishing attack Apple to allow in-app purchase of NFTs, subject to 30% tax rate Swiss Seba Bank launches NFT custody despite market decline GameFi Highlights Gaming and NFTs will drive Web3 growth: Crypto.com COO Blockchain game Alien Worlds launches in-game DAOs Nissan to launch game NFTs Axie Infinity drops 22% over the week amid fears of token unlock GameFi-focused network Oasys Blockchain launches mainnet with support of Sega, Ubisoft, and Bandai Namco NFT Transaction Benchmark The following chart shows select top NFTs and their historical floor prices: Top Collections The following table shows select top creators (by sales volume on each platform) and a sample of their art: PlatformCollectionSales Volume (USD)Sample Crypto.com NFT Loaded Lions $234,000 Minted Cronos Cruisers $291,000 Magic Eden y00ts: mint t00bs $1,711,000 OpenSea CryptoPunks $6,566,000 Platform Crypto.com NFT Collection Loaded Lions Sales Volume (USD) $234,000 Sample Platform Minted Collection Cronos Cruisers Sales Volume (USD) $291,000 Sample Platform Magic Eden Collection y00ts: mint t00bs Sales Volume (USD) $1,711,000 Sample Platform OpenSea Collection CryptoPunks Sales Volume (USD) $6,566,000 Sample GameFi Top Gainers & Losers Top Games Metrics Daily Gamers by Blockchain 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 in this report are registered trademarks of their respective owners. Nothing in this report is intended to suggest that NFTs are investment products, nor securities, nor anything similar or “financial” of any description. NFTs are to be reserved for fun only and NOT with any expectation of “value”, “profit”, “yield” or “investment”. You are also aware that NFTs are not a store of value, are not a generally accepted medium of exchange, and are considered very illiquid and volatile.  
🔥 SHIBA Volatile Move Ahead: Triangle Analysis

Shiba Inu price action proves technical analysis is crucial, but it shows a sad ending

FXStreet News FXStreet News 02.11.2022 15:39
Shiba Inu price action jumped 20% in two trading days last week as whales pumped up the price. SHIB price, however, is now seen turning to the downside and sits at a crucial technical point. Expect to see a 20% move this week if this key level breaks. Shiba Inu (SHIB) price action finished off a stunning trading period last week, where it printed 20% of gains in just two trading days and shot through a very important technical moving average. Meanwhile, price action has been cooling down, and as the dust settles it becomes clear that the technical forces are again the main drivers. In fact, it appears that the whales who pumped up the price action had dumped it again as quickly as they got in before retail traders started to chase the moves. SHIB price pump, dump and fall Last week, Shiba Inu price action was in a perfect pump-and-dump scenario where whales triggered an initial move that counted for a 10% price increase. As the word spread on social media, several smaller traders tried chasing the move and entered at sometimes very irrational levels with no real logical trade management for stop losses or profit-taking levels. What erupted was a second wave that brought another 10%, which offered the whales a window of opportunity to offload with massive gains, leaving the retail traders out to dry with mounting losses. SHIB price action has already been erasing most of the second wave from last week and is currently pressing on the key level at $0.00001209, where the monthly pivot for November is still held on Tuesday. Once through there, the 55-day Simple Moving Average is the only element preventing price action from fully collapsing toward $0.00000965, below $0.00001000. Whether the monthly pivot of October will do the trick as it did in its last trading days is doubtful and remains to be seen. SHIB/USD daily chart The only olive branch that could save this jump from fully paring back comes from the Fed this evening. There have been some rumours these past few weeks that the Fed could start to slow down its rate hiking cycle and start hiking with smaller increments. This would be perceived by the markets as dovish and support equities in their rally, as well as help stronger cryptocurrencies against a weaker dollar. That would mean that SHIB price action could shoot back up toward $0.00001500 before being capped by the monthly R1 resistance level.
Over 7000 Porsche NFT to be released

Top Creators In The NFT Market | Instagram And NFT | The Expansion Of GameStop

Crypto.com Accelerate the... Crypto.com Accelerate the... 04.11.2022 11:56
New Project Spotlight NFT Collectibles [LIVE] The “Visa Masters of Movement” auction on Crypto.com NFT features digital art inspired by iconic goals from five legendary footballers that have been minted as unique NFTs. Fans can create their own personalised collectibles on a digital pitch at the FIFA Fan Festival™ in Doha, Qatar. [COMING SOON] Crypto.com signs an MOU for NFT collaboration with A Story. With this agreement, the two companies will cooperate on promoting NFT projects based on productions by A Story. [COMING SOON] “Dimensions of Perception” features Igor Martins’s impressions on reality, dreams, visions, memories, and sensations. Martins seeks to create relationships between the physical and metaphysical world. The drop will go live on 10 November in Crypto.com NFT. Blockchain Games [LIVE] Cronos game Defira allows players to earn Fira while becoming a Defiraverse legend. The main character, Fiera, needs an army and is looking to recruit players’ heroes. [COMING SOON] The Frontier test for Cronos game Zoids Wild NFT Arena will begin on 10 November. Players who sign up for the Frontier Test are able to play for $20,000 in prizes. [COMING SOON] The Cronos Labs Accelerator Cohort 2 has opened its registration until 28 November 2022. The Accelerator will be supporting projects across the verticals of Web3 gaming, SocialFi, and NFTs with investments, mentorship, and workshops. NFT Metrics The following table shows select top creators (by weekly sales volume on each platform) and a sample of their art: PlatformCollectionSales Volume (USD)Floor Price (USD)Sample OpenSea Art Gobblers $15,300,000(31 Oct launch) $15,290 Crypto.com NFT Art Blocks $6,500,000(+49%) $163 OpenSea CryptoPunks $5,818,000(-12%) $101,450 Crypto.com NFT Bored Ape Yacht Club $2,500,000(-24%) $113,000 Minted VVS Miner Mole $94,000(-13%) $333 Minted Argonauts $65,000(-72%) $89 Platform OpenSea Collection Art Gobblers Sales Volume (USD) $15,300,000(31 Oct launch) Floor Price (USD) $15,290 Sample Platform Crypto.com NFT Collection Art Blocks Sales Volume (USD) $6,500,000(+49%) Floor Price (USD) $163 Sample Platform OpenSea Collection CryptoPunks Sales Volume (USD) $5,818,000(-12%) Floor Price (USD) $101,450 Sample Platform Crypto.com NFT Collection Bored Ape Yacht Club Sales Volume (USD) $2,500,000(-24%) Floor Price (USD) $113,000 Sample Platform Minted Collection VVS Miner Mole Sales Volume (USD) $94,000(-13%) Floor Price (USD) $333 Sample Platform Minted Collection Argonauts Sales Volume (USD) $65,000(-72%) Floor Price (USD) $89 Sample Blockchain Game Metrics The following table shows select top games by weekly Unique Active Wallets (UAW): GameBlockchain(s)UAWVolumeLogo Splinterlands Hive, Wax 291K(-3%) $5K Trickshot Blitz Flow 115K(-30%) $79K Farmers World WAX 95K(-5%) $17K Axie Infinity Ronin, ETH 62K(-2%) $14M Game Splinterlands Blockchain(s) Hive, Wax UAW 291K(-3%) Volume $5K Logo Game Trickshot Blitz Blockchain(s) Flow UAW 115K(-30%) Volume $79K Logo Game Farmers World Blockchain(s) WAX UAW 95K(-5%) Volume $17K Logo Game Axie Infinity Blockchain(s) Ronin, ETH UAW 62K(-2%) Volume $14M Logo Source: DappRadar Gaming Token Performance The total market cap for gaming tokens now stands at US$8.42 billion, up +17% from last week.  From 14-18 November in Bonifacio Global City, Metro Manila, the Philippine Web3 Festival will see founders, developers, and gamers convene in the NFT gaming space. The festival is organised by Yield Guild Games (YGG) and BlockchainSpace (BSPC). News Highlights The Minted launchpad is now live, enabling creators to mint NFT collections on both Ethereum and Cronos. Collectors can discover the latest and diverse array of NFT collections on both networks. Instagram users will soon be able to mint and sell NFTs. The latest update will enable creators to make their own digital collectibles and sell them both on and off Instagram, giving them a toolkit for creating, displaying, and selling NFTs. GameStop extends its NFT Store to ImmutableX, granting access to collectibles on an additional network. The expansion is expected to reach tens of millions of customers and will allow access to major Web3 games such as Gods Unchained, Guild of Guardians, and Illuvium. 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 in this report are registered trademarks of their respective owners. Nothing in this report is intended to suggest that NFTs are investment products, nor securities, nor anything similar or “financial” of any description. NFTs are to be reserved for fun only and NOT with any expectation of “value”, “profit”, “yield” or “investment”. You are also aware that NFTs are not a store of value, are not a generally accepted medium of exchange, and are considered very illiquid and volatile.
Ledger Wallets Also Now Support CRO Holdings | MakerDAO And Increasing The DAI Savings Rate

Binance to take over other cryptocurrency exchange - FTX. JPMorgan executes a DeFi trade

Crypto.com Accelerate the... Crypto.com Accelerate the... 09.11.2022 10:36
FTX set to be acquired by Binance. Aave votes to deploy on zkSync v2 testnet. GALA crashed as pNetwork was misconfigured. Deribit halts withdrawals post-US$28M hot wallet hack. Weekly DeFi Index This week’s market cap, volume, and volatility indices were all positive at +4.39%, +33.21%, and +120.98%, respectively.         In preparation for its mainnet release, Chainlink announced that its Early Access Eligibility App for Chainlink Staking v0.1 has been launched. Chainlink Staking v0.1 is part of a broader initiative around Chainlink Economics 2.0, and the staking pool will initially be capped at 25 million LINK tokens, with plans to scale up to 75 million LINK over time. Project Spotlight Cronos ID announced the upcoming minting and public launch of 500 million Cronos ID native governance tokens, $CROID. This token will offer extended functional utility such as discounted prices for rare Cronos ID domain names. It also partnered with the Crypto DeFi Wallet, enabling users to send and receive tokens by using their (or their recipients’) human-readable Cronos ID “.cro” domains.  DeFi and NFT analytics platform DexCheck has integrated Cronos into its analytics platform, enabling the tracking of tokens, trades, or individual wallets. Check out the app on DexCheck.         News Highlight On Tuesday, FTX announced that the exchange will sell its non-U.S. business to Binance. This ‘strategic transaction’ was set in motion a day after FTX CEO Sam Bankman-Fried tweeted that the company and its assets were ‘fine’ (the tweet has since been deleted).  Matter Labs’ proposal to deploy Aave on the zkSync 2.0 testnet has been approved, following a unanimous vote by Aave community members. The vote marks the first stage of the decentralised lending protocol’s rollout to a zero-knowledge rollup. A suspicious address minted US$2 billion worth of GALA on the BNB Chain on 3 November. The newly printed GALA tokens were dumped to PancakeSwap and drained the BNB/GALA pool, earning approximately $4.5 million in the process. This was followed by GALA’s price dropping dramatically by 25.6%. Then, some arbitrageurs found the transactions and started buying GALA from PancakeSwap and selling the tokens on Huobi, causing a price crash from $0.04 to $0.0003 on the exchange. GALA Games confirmed that the cross-chain bridge it uses, pNetwork, initiated the minting to safeguard its liquidity pool from vulnerabilities. Banking giant JPMorgan executed its first live DeFi trade on a public blockchain as part of Monetary Authority of Singapore’s (MAS) Project Guardian initiative, which explores ways that financial institutions can leverage asset tokenisation and DeFi protocols.  U.S. dollar-pegged stablecoin Magic Internet Money (MIM) briefly dropped to nearly $0.95 on Tuesday due to the FTT token tanking. FTX’s native token FTT accounts for 33% of MIM’s underlying collateral, which saw a drop from $22 to $5 within 24 hours early this week.    Crypto exchange Deribit halted withdrawals after suffering from a security breach, with hackers taking away nearly $28 million. Deribit confirmed the attack has now been isolated and quarantined to its BTC, ETH, and USDC hot wallets, and developers have control of the exploit. Recent Research Reports     Research Roundup Newsletter [October 2022]In this issue, we cover our recent Bloomberg Terminal integration, special research report for the Singapore Fintech Festival, and feature articles on NFT financialisation and utility. NFT Financialisation and Utility: An OverviewAs NFT utility grows, so does the potential to make money from them. Financialisation could help to achieve greater liquidity for and unlock the value of NFTs. NFT Utility: A Multifaceted Overview and Use CasesFor NFTs to increase in value and be deemed viable economic and financial assets, they have to go beyond collectability and aesthetics. One way to tackle this is through utility. 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 in this report are registered trademarks of their respective owners. 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 DEFI LAYER 2 Source: crypto.com
Binance Academy: How does Proof of Reserves work? What is it?

Binance Academy: Venus Protocol - what is it? How does it work?

Binance Academy Binance Academy 14.11.2022 14:20
TL;DR Venus Protocol is an algorithm-based money market system on the BNB Chain. It aims to allow users to lend and borrow cryptocurrency in a decentralized and secure way. The protocol is permissionless, so anyone can start using it by connecting crypto wallets like MetaMask. Venus Protocol's community owns and controls the protocol through its native governance token, XVS, which can be staked in the Venus Protocol Vault to earn token rewards. Introduction Decentralized finance (DeFi) has begun to offer an increasing number of services typically associated with traditional finance. With Venus Protocol, users can permissionlessly lend or borrow from a pool of assets, and suppliers of collateral can benefit from their passive funds. However, instead of a centralized player handling transactions, the protocol automates the process using technologies such as smart contracts. Learn more on Binance.com What is Venus Protocol and how does it work? Venus Protocol is an algorithmic money market and synthetic stablecoin protocol. Traditionally, the money market is an essential part of the economy that deals with short-term loan needs. Now, however, Venus is bringing decentralized finance (DeFi) lending and borrowing onto the BNB chain. It also allows collateral suppliers to mint the platform's native synthetic stablecoins (VAI) by over-collateralizing positions. Venus Protocol is a fork of Compound and MakerDAO. Both are Ethereum-based, with the first being a money market protocol and the second, a stablecoin minting protocol. Venus integrates these functions into one, allowing users to utilize the same collateral within one ecosystem, regardless of which function they use. You can think of the Venus Protocol as a permissionless lending environment. Firstly, it allows BNB Chain users with idle cryptocurrency to supply collateral to the network. Secondly, users who need more can borrow by pledging over-collateralized cryptocurrency. Lenders then receive compounded annual interest rates, while borrowers pay interest on their respective loans. The interest rates for lending and borrowing are set by the protocol in a curve yield that varies based on utilization. These rates are automated according to the demands of the specific market, such as BNB or ETH. However, the protocol’s governance process also sets minimum and maximum interest rate levels. Synthetic stablecoin minting takes place using vTokens, from the collateral users provide to the Venus Protocol. vTokens represent deposited collateral — for example, users receive vUSDT for supplying USDT, which they can later redeem for the underlying collateral. Users can also borrow up to 50% of the collateral value they have on the protocol from their vTokens to mint VAI. Venus Protocol determines stablecoin interest rates differently from how it does lending and borrowing interest rates. The interest rates for minting are fixed and only the protocol’s governance process is allowed to lower and raise these rates. The history of Venus Protocol Venus Protocol was founded by a project development team from global cryptocurrency credit card issuer Swipe, with Venus (XVS) launching in 2020. From the beginning, it aimed to bridge the gap between traditional finance and DeFi on the BNB Chain and provide users with an alternative application free from the issues they’d experienced on Ethereum. Though Swipe supported the development of the Venus Protocol, there were no XVS token pre-mines for developers, or founders. As such, XVS holders have complete control over the protocol and token. Venus Protocol redefines its rules according to community preferences. For example, the Venus V2 upgrade included higher VAI liquidation penalties. It also introduced fees for VAI minting and platform withdrawals, both of which were added to the Venus Reserves Treasury. Additionally, the upgrade included an airdrop of the native Venus Reward Token (VRT) to current XVS holders as a reward. What is possible on Venus Protocol? Venus Protocol enables users to permissionlessly lend and borrow from a pool of assets. Users can also mint stablecoins (VAI) with over-collateralized positions and participate in the protocol's governance. Lending Users can lend and earn changing yield on the assets they supply. Venus Protocol creates pools of these loaned cryptocurrencies using a smart contract and periodically distributes vTokens to them. This way, the protocol unlocks unused value that is already on the BNB Chain but doesn't have a lending market like Bitcoin and Litecoin do. Borrowing Venus Protocol utilizes an over-collateralized loan system that requires borrowers to pledge collateral before borrowing. For example, if Ethereum has a collateral value of 50%, users can borrow up to 50% of the value of their own ETH. They can then have a say in the collateral ratio through the protocol’s governance process. However, according to Venus Protocol’s white paper, the collateral value is typically around 40% to 75%. Users must exercise caution because if the collateral value falls too low, their position will be liquidated.  Minting stablecoins The minting and redemption of the synthetic stablecoin VAI is fixed at 1 USD, though its price can still fluctuate according to the supply and demand.  Venus Protocol users can mint the stablecoin using remaining collateral from previous vToken deposits. Furthermore, anyone can mint stablecoins without central authorities and use newly minted stablecoins for purposes such as earning yield on other DeFi projects. Governance Users can also influence the future of the Venus Protocol. The protocol is completely controlled by the community through its governance token XVS, which is a BEP-20 token that can be used for voting. Users can vote on a number of protocol-related issues, including improvements, adding new tokens to the protocol, adjusting interest rates, and reserving distribution schedule delegations. Venus Protocol also plans to build a product called Venus Vault that will enable users to lock governance tokens to improve the protocol’s anti-risk ability and distribute staking rewards. What makes Venus Protocol unique? Venus Protocol helps to bring common financial lending services to blockchain-based decentralized protocols, though it is not the first to do so — there are Ethereum-based DeFi applications with assets worth billions of dollars locked into them. However, these applications have their pain points, such as high costs, low network speed, and a lack of cryptocurrencies from other blockchains (e.g., XRP and Litecoin). Venus Protocol differs from many other money market protocols in that it enables the use of supplied collateral for not only borrowing, but also for minting stablecoins. In addition, users can earn yield from minted tokens, as opposed to other protocols that lock such tokens up in smart contracts, with no benefits from underlying assets. Venus Protocol eliminates the need to remove one’s own assets from a money market to mint stablecoins. Unlike many prominent stablecoins, Venus Protocol’s synthetic stablecoins are not backed by traditional financial assets or fiat but by a basket of other cryptocurrencies. Moreover, BNB Chain makes transactions fast and low-cost while providing a network of wrapped tokens and liquidity.   Closing thoughts Venus Protocol combines the money market and stablecoin generation within the same protocol, which can benefit the crypto ecosystem by unlocking collateral. Furthermore, BNB Chain's speed and low transaction costs open these financial products to anyone who owns a cryptocurrency wallet. Now, people worldwide can borrow against, earn interest on, and supply collateral, as well as mint stablecoins on demand. Further reading What Is Qtum (QTUM)? What Is Band Protocol (BAND)? What Is NEXO (NEXO)? What Is BNB?
We're past The Ethereum Merge, now we start to think about next Bitcoin halving which may happen quite shortly

Cryptocurrencies After Bitcoin - Altcoins And Meme Coins

Kamila Szypuła Kamila Szypuła 19.11.2022 16:33
Cryptocurrencies are certainly an area that has become increasingly popular in recent years. However, it requires some familiarity with new terms and understanding how the modern investment market in this industry works. Altcoin Definition At the very beginning, only Bitcoin was known as the first cryptocurrency in the world that was based on blockchain technology. But the question arises, what is an altcoin? It is primarily a term for an alternative coin, built from the combination of the English words alternative and coin. An altcoin is any new currency that was created after Bitcoin, even if it uses the same software. Altcoin vs Bitcoin Altcoins are referred to as cryptocurrencies or tokens - regardless of the name, they share similar keys used to transfer currency between owners' virtual wallets. Many types of altcoins are built on a similar system as Bitcoin, but each has distinctive features - some focus on improving features that Bitcoin was less than perfect. Altcoin is a lower value currency, which makes it perfect for smaller transactions. There is also a difference between Bitcoin and altcoin in terms of the number of cryptocurrency units in circulation or determining the maximum number of coins. More and more cryptocurrencies are becoming serious competition for Bitcoin, and Altcoins worth attention are primarily those that use ready-made platforms or create their own with a specific specificity. Thanks to this, several of the largest Altcoins stand out on the market, such as: Ether, Ripple and Litecoin. Memecoins What is it? Meme coins are cryptocurrencies inspired by memes or jokes on the Internet and social media. Meme coins are usually very volatile. They are mostly community driven and can go viral overnight with online community endorsements and FOMO. Still, their price may also drop unexpectedly as investors turn their attention to the next meme coin. Another feature of meme coins is that they often have a huge or unlimited supply. Since meme tokens generally do not have a coin-burning mechanism, the huge supply explains their relatively low prices. For just $1, you can buy millions of meme tokens. The first The first meme coin created was Dogecoin (DOGE). Released in 2013 as a parody, DOGE was inspired by the popular Doge meme, which is a Japanese Shiba Inu dog with a rather funny expression. Other meme coins Shiba Inus (SHIB) is DOGE's rival and is often referred to as the "Dogecoin Killer". The main difference between DOGE and SHIB is that the latter has a limited supply of 1 quadrillion tokens. Dogelon Mars (ELON) closely follows the dog duo in terms of popularity. As the name suggests, ELON is named after Tesla CEO Elon Musk and his passion for SpaceX. ELON is a fork of Dogecoin and has a supply of 557 trillion tokens in circulation. The risk As with all cryptocurrencies, trading and investing in meme coins involves high financial risk. Compared to BTC, most meme coins tend to be inflationary with no maximum supply. Their ecosystem, uses, and foundations are often defined by collective community jokes. Only a few meme coins have been built on big cryptocurrency technology. Another potential risk is that meme coins are heavily community-driven and more speculative than larger market cap cryptocurrencies. This instability constantly leads to unexpected ups and downs. The life cycle of meme coins is generally short-lived. FOMO Discussing meme coins, FOMO appeared as a factor affecting the situation of cryptocurrencies, but what is it? FOMO is short for "Fear of Missing Out", so it's also a psychological term. In practice, the FOMO phenomenon can be illustrated with a simple example in which you learn about a new coin with huge potential. Everyone is talking about it, and the media is starting to present it as the new Bitcoin. Everything indicates that its price will increase rapidly and rapidly, so in fear of missing out, you decide to buy it without much thought. This is FOMO, i.e. taking action not based on analysis and reason, but emotions related to the fear of missing the "opportunity". FOMO also can be a marketing strategy to use by creating investor fear of losing out as a way to encourage investors to act. Source: investing.com,
Bitcoin And Ethereum Have Managed To Retain Their Positions As The Top Two Cryptocurrencies

There is no hope that altcoins will follow a different path than BTC

Geco One Geco One 22.11.2022 07:59
Can we call current circumstances a 'crypto crash', and how long could it last? What we are currently experiencing in the digital currency market is a normal reaction in financial markets in situations of extraordinary events. The scale of irregularities in the activities of the FTX exchange and the Almeda Research fund was so large that it had to affect the crypto market as a whole.How long can it take? The market is still waiting for the possible consequences of the collapse of the FTX exchange. There is talk of FTX linking with other players in the market, holding assets on FTX, etc. But the crypto market situation is clearing up. Healthy projects have no problem showing their clients that they run their business honestly and have coverage for the paid digital and traditional funds - hence the action of showing the contents of their wallets. The current situation will last until the end of the year. After the New Year, the market should react more strongly to the current drops reaching 70% per year on BTC and ETH. Indeed, information about the planned regulations, e.g. the European MiCA Directive. The market needs credibility and trust. And this is possible thanks to defining the same rules for all participants. Until now, only individual countries could afford to develop and implement regulations for cryptocurrency companies. One such example is Estonia, where our two projects have been licensed. Thanks to that, we can legally and transparently run an investment fund and a derivatives exchange under the Geco brand. Altcoins amid crypto winter/crypto crash, could we expect bullish sentiment towards altcoins despite the FTX crash? In the current situation, the collapse of FTX and, as a result, a strong sell-off in all digital currency markets, there is no hope that altcoins will follow a different path than BTC. On the contrary - it is BTC that will give a signal about the end of the declines, and only the alts will follow the BTC rate. But beware - only the best, healthiest alts will show significant increases. Projects without functional value, without a positive history, can rebound, but certainly not as much as tokens and coins from projects that provide specific solutions for the community. In the strategy of our fund managed by a licensed manager Geco Capital OU, we excluded investments in crypto assets with low liquidity, poor reputation and high investment risk. We want to avoid exposing our clients' investments to unnecessary risk.
Ledger Wallets Also Now Support CRO Holdings | MakerDAO And Increasing The DAI Savings Rate

Tether announces a great chain swap, crvUSD code and whitepaper released

Crypto.com Accelerate the... Crypto.com Accelerate the... 23.11.2022 22:09
Tether performed a $1B USDT chain swap from Solana to Ethereum. Curve Finance launches stablecoin crvUSD, releases code and whitepaper. Uniswap says it collects users’ public on-chain data. Weekly DeFi Index This week’s market cap, volume, and volatility indices were negative at -10.33%, -40.23%, and -73.78%, respectively.         New Project Spotlight Users can now easily add their preferred EVM network in the Crypto.com DeFi Wallet. Through EVM network support, users are able to send and receive tokens on their custom networks, directly interact with dApps from their DeFi wallet, as well as tap into mainnet and testnet support.         News Highlight Tether, the largest stablecoin issuer in the world, announced a US$1 billion chain swap to convert USDT on Solana to Ethereum ERC20 with the help of an undisclosed third party.  Curve Finance released the official code and whitepaper of its stablecoin, crvUSD. The stablecoin will be overcollateralised and rely on an algorithm called Lending-Liquidating AMM (LLAMMA). Uniswap announced an update to its privacy policy and will now collect public on-chain data, such as wallet addresses and transaction history, which will be used to “make data-driven decisions to improve user experience”. Uniswap Labs introduced two new smart contracts: Permit2, which allows sharing and managing token approvals across different smart contracts, and Universal Router for token and NFT swaps aggregation.  Cardano’s developer Input Output Global is releasing a new privacy-focused blockchain called Midnight, which is alleged to preserve privacy while giving access to regulators and auditors. Midnight will be a side-chain of Cardano and offer zero-knowledge proof smart contracts. Ren Bridge announced its plans to sunset Ren 1.0 and will soon launch Ren 2.0, an open source community-controlled cross-chain network. Recent Research Reports     Argentina 2022 Survey: Argentines Are Increasingly Keen to Adopt Cryptos and NFTs: Crypto.com recently commissioned a survey of more than 2,000 Argentines to find out more about their investment preferences, knowledge, and opinions on crypto and NFTs. Research Roundup Newsletter (October 2022): In this issue, we cover our recent Bloomberg Terminal integration, a special research report for the Singapore Fintech Festival, and feature articles on NFT financialisation and utility. Alpha Navigator (October 2022): We look at crypto industry performance in October, including ETH’s short-term correlations with equities reducing. Is the Fed pivoting on rate tightening policy? 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 in this report are registered trademarks of their respective owners. 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 DEFI LAYER 1 Source: DeFi & L1L2 Weekly (23/11/2022) (crypto.com)
The EU Will Move Forward With The Implementation Of The Digital Euro

In India Preparations Are Now Underway To Pilot A Digital Rupee Program

InstaForex Analysis InstaForex Analysis 24.11.2022 10:15
Crypto Industry News: The race to bring the world's first CBDC to full scale is in full swing. One of the leading countries in this is India. Others are, of course, China, or recently Australia. In the case of India, however, we are talking about a potential addition to the financial system with a digital rupee, not a full replacement of its traditional, physical form. Some time ago we received information that the said country is keenly interested in introducing the digital currency of its country. After extensively testing the new currency system of the Central Bank of India, preparations are now underway to pilot a digital rupee program for retail customers. According to media reports, the CBDC is already at the final stage of preparations for its introduction. Among the main stakeholders are, for example, State Bank of India, Bank of Baroda, Union Bank of India or HDFC and IDFC Banks. Currently, there are discussions about whether all commercial banks will eventually be covered by the new system. Technical Market Outlook: The Ethereum market has made a Double Bottom price pattern on the H4 time frame chart and is bouncing from the sell-off low seen at $1,073. The bulls has managed to extend the bounce towards the level of $1,198 and are still moving higher. Nevertheless, the bearish pressure is still strong, so in a case of extension to the downside the next target is seen at $999. The intraday technical resistance is located at $1,213 and $1,1219. The momentum is moving away from the extremely oversold conditions on the H4 time frame chart, so the odds for a strong bounce are high. Please notice the fact, that Ethereum lost more than 37% in November alone as the crypto winter continues. Weekly Pivot Points: WR3 - $1,198 WR2 - $1,151 WR1 - $1,143 Weekly Pivot - $1,125 WS1 - $1,110 WS2 - $1,092 WS3 - $1,059 Trading Outlook: The Ethereum market has been seen making lower highs and lower low since the swing high was made in the middle of the August at the level of $2,029. The key technical support for bulls at $1,281 was broken already. If the down move will be extended, then the next target for bears is located at the level of $1,000. Relevance up to 09:00 2022-11-25 UTC+1 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. Read more: https://www.instaforex.eu/forex_analysis/302349
Investors Are Becoming More Cautious After Seeing The Impact A Run Can Have On Crypto Market

Crypto Market Rose Upon The Release Of FOMC Minutes

ByBit Analysis ByBit Analysis 24.11.2022 14:48
Chart of the Day  US stocks notched gains for a second day after the Federal Reserve’s latest meeting minutes revealed that most officials support the moderation of the pace of rate hikes soon. Some analysts highlight a dovish undertone, as the minutes recognize tightened international financial conditions and softened consumer demand. Others believe that the minutes didn’t convey anything new, and markets may be overreacting to the perceived shift in tones.  The broader crypto market rose upon the release of FOMC minutes. As of the time of writing, BTC has established a stronger footing above the $16.5k handle, after posting a 1% increase in the last 24 hours. ETH outpaces BTC with a 3.6% jump in the same period, and is now changing hands above the $1,200 level. Mid-to-large-cap altcoins saw mixed performances, with SOL leading the pack on a double-digit percentage in a similar timeframe. Top gainer LTC trimmed its recent gains, but still managed to capture a 32.5% gain in the past week, eight months ahead of the network’s third mining rewards halving.  Amid the FTX unraveling over the past weeks, the aggregate market cap of stablecoins briefly overtook that of Ethereum. The top 4 stablecoins in the market, namely USDT, USDC, BUSD, and DAI took up over $138 billion in total, during a period marked by high unrealized loss and strong stablecoin purchasing power.    Talk of the Town  DeFi management platform Llama and risk management outfit Gauntlet have submitted a governance proposal on Aave to cover a $1.6 million bad debt brought on by a publicized short attempt on Tuesday. The short attempt at CRV tokens was linked to the Mango Markets exploiter Avraham Eisenberg, who borrowed 92 million CRV from the DeFi lending platform and proceeded to sell them on a centralized exchange, causing an initial decline in the price of CRV. However, the short seller suffered a squeeze after CRV rallied above $0.60, and was eventually liquidated, leaving a $1.6 million hole in the DeFi protocol. The proposal calls for the use of Gauntlet’s insolvency fund and the Aave Treasury to cover the bad debt, as the debt coverage process could help to optimize the Aave DAO treasury. The community will discuss the proposal in the coming days, and more detail on how the process unfolds will be released if the DAO favors the proposal. 
Litecoin Is First In Percentage Change In Price Over 7 Days

Litecoin Is First In Percentage Change In Price Over 7 Days

ByBit Analysis ByBit Analysis 24.11.2022 15:07
Despite the recent market downturn largely attributed to FTX’s downfall, Litecoin (LTC) has been moving in the opposite direction, with its price pumping by 35% over the past week, reaching a high of $81.52. This ranks Litecoin first in percentage change in price over seven days, and sixth in terms of 24-hour volume. Source: CoinMarketCap Source: CoinMarketCap This price pump has significantly increased Litecoin’s market capitalization, surpassing both meme coin Shiba Inu (SHIB) and Solana (SOL). Source: CoinMarketCap Source: Santiment According to analytics by Santiment, this drastic rise in price and valuation of Litecoin can be attributed to increased Litecoin accumulation by whales. As evident from the chart above, addresses holding from 1,000 to 100,000 Litecoin accumulated $43.4 million of value.  Given the surge in LTC's price, is it a good investment now? In this article, we’ll explain what Litecoin is, why it has remained a top crypto, the risks of investing in it and whether you should either trade or invest in Litecoin. What Is Litecoin (LTC)?  Also widely known as Digital Silver, Litecoin is an open-source, global peer-to-peer (P2P) cryptocurrency network that allows people to send payments worldwide quickly and inexpensively. Founded on October 13, 2011, Litecoin was created as a fork of Bitcoin (BTC) to improve on three main issues faced by the Bitcoin network: Speed: Long Transaction Times Scalability: Frequent Network Congestion Centralization: Concentration of Mining Pools Litecoin was founded by former Google employee and Coinbase engineering director Charlie Lee, who decided to create a “lighter” version of Bitcoin that would allow for faster transactions and more scalability, along with lower transaction fees. Litecoin was built to use the Scrypt algorithm with a proof of work (PoW) consensus. Scrypt is more cost- and power-efficient, and accessible, than the SHA-256 algorithm used by Bitcoin. This makes it possible for regular consumers to use Scrypt to mine Litecoin, lowering the barrier to entry for miners and enhancing the decentralization of mining power. Litecoin Halving With Litecoin’s PoW mechanism, miners are rewarded with LTC when they complete a block. Similar to Bitcoin, the rewards for mining Litecoin decrease over time in a process known as halving. The following are the key dates for Litecoin rewards halving: August 25, 2015: From 50 LTC per block down to 25 LTC August 5, 2019: From 25 LTC per block down to 12.5 LTC August 23, 2023: From 12.5 LTC per block down to 6.25 LTC History of Litecoin Here are the key milestones achieved by the Litecoin team: 2011: Creation of Litecoin Charlie Lee forks Bitcoin, modifying Bitcoin’s code with several enhancements. 2013: Charlie Lee Joins Coinbase as Engineering Director Litecoin experiences positive price action, soaring by 10x from $3 to $30 when the news is released. 2017: Technological Advancement The adoption of SegWit and the Lightning Network layer further enhance Litecoin’s 2017: Controversy Charlie Lee sells all of his Litecoin holdings in December, coinciding with the time Litecoin peaks in price, undermining the faith of investors and creating speculation about Lee’s potential manipulation of Litecoin prices. However, Lee clarifies that he acted over concerns of his growing influence on Litecoin, which could lead to a conflict of interest. More details can be found Price History of Litecoin Here’s a timeline of Litecoin’s price action since its launch. 2011 Launched just two years after Bitcoin, Litecoin quickly gains followers and reaches a high of $0.30. 2013 In Q4, Litecoin experiences a price increase of 1,000%, reaching an all-time high of $44.53. 2014 – Mid 2017 After the euphoria of a 1,000% price increase, the price of Litecoin drops significantly over the next three years, trading below $5 and reaching a low of $1.38. Mid 2017 – End 2017 In April, Litecoin’s price finally manages to surpass the $5 mark and skyrockets to a high of $319.26 in December, an increase of over 6,000%. End 2017 – End 2020 The price surge is once again unsustained, and as the cryptocurrency market crashes in 2018, LTC’s price plunges to between $20 and $130 over the next two years with many cryptocurrencies experiencing the same fate. 2021 LTC manages to reach an all-time high of $345.30 in May 2021, breaking the previous high of the 2017 bull market. 2021 – Current Given the approaching bear market and poor macro conditions, the cryptocurrency market as a whole takes a beating, with LTC’s price also in a downturn since its all-time high. How Litecoin Remains a Top Crypto Even After a Decade Having existed for a decade, Litecoin’s valuation still remains within the top twenty cryptocurrencies in the market. As a matter of fact, with its recent surge in price, it’s managed to make its way to the top fifteen. There are still growth opportunities, given its technical potential and the leadership of Charlie Lee, who possesses great technical expertise. Following are some of the unique advantages effected by Litecoin that could potentially make LTC a good investment. Higher Scalability Litecoin generates blocks every two and a half minutes, which is four times faster than Bitcoin’s block mining time of ten minutes. As such, Litecoin’s network is able to achieve greater throughput. Faster Transaction Speed Litecoin has a transaction processing speed of 54 TPS, which is markedly higher than Bitcoin’s transaction processing speed of 5 TPS. Decentralization Scrypt is used to power Litecoin’s PoW consensus mechanism, giving the network a lower barrier to entry and allowing more individuals to participate in Litecoin mining. This contributes to the network’s decentralization, given that mining power is no longer concentrated among bigger players who can afford mining. Lower Transaction Fees Litecoin has a fee structure 1/50th the size of Bitcoin’s, which significantly reduces transaction costs. Privacy Function The Litecoin Improvement Proposal of November 2019 included the MWEB (Mimblewimble Extension Block) update, which would improve anonymity for both senders and receivers of transactions on Litecoin’s network.  Now, with the majority of nodes having given their permission, MWEB is finally available. Activated on May 19, 2022, this upgrade has brought substantial privacy feature enhancements to the Litecoin network. Transactions can be kept private while they’re getting verified. With MWEB, users can opt in as necessary to conduct private transactions, and transaction anonymity is guaranteed — so that the transaction amounts are only known to the sender and receiver. Moreover, MWEB is more comprehensive than its recently implemented privacy measures for Litecoin users alone. MWEB also makes significant advancements to blockchain operations. For instance, its cut-through capability assists in removing all unnecessary transaction data from blocks so that long transactions are condensed into a single one. In other words, the block only records one input-output pair, eliminating the need to record each input and output separately. This contributes to network efficiency. Widespread Usage 3,070 businesses accepted LTC as payment in January 2022, a relatively large number. Due to its quick adoption, Litecoin has become one of the most popular cryptocurrencies for investments with practical uses. The Litecoin Foundation asserted in January 2022 that Visa would permit owners to use the Litecoin Card to spend Litecoin. Coinbase, BitPay, NOWPayments, CoinGate, Alliant and CoinPayments are examples of cryptocurrency-native payment processors that accept Litecoin payments. Online retailers can accept Litecoin payments through e-commerce systems such as Shopify and WooCommerce. Good Traction In 2021 and 2022 the Litecoin team has hit multiple milestones. In 2021, Litecoin saw the introduction of the OmniLite token creation platform, which enables developers to build NFTs and construct their own bespoke cryptocurrencies on the network. Liteverse, the first NFT marketplace on the Litecoin network, was introduced in 2022. A Litecoin-based Lightning Network mobile wallet, as well as user-friendly MWEB-integrated mobile wallets, have also been announced by the developers. Given the abovementioned properties of Litecoin as a blockchain and the developments they’ve accomplished within the past two years, one can argue that Litecoin is indeed a cryptocurrency to invest in. Is Litecoin a Good Investment? Despite the pros of Litecoin as mentioned in the previous section, there still remains risks to investing in it. The privacy function mentioned above serves as a double-edged sword for Litecoin, having also attracted negative attention. Despite the excitement surrounding transaction confidentiality that Litecoin has introduced with Mimblewimble, problems have appeared on the regulatory front, particularly with regard to Know Your Customer (KYC) and anti-money laundering (AML) rules. On June 8, 2022, just a short while after Litecoin’s official launch of the MWEB protocol, five leading South Korean exchanges — Upbit, Bithumb, Coinone, Korbit, and GOPAX (now closed) — delisted Litecoin. Following the implementation of strict regulation and an outright ban on Dark coins by regulators in 2020, South Korean exchanges have avoided privacy-related cryptocurrencies. Should You Trade or Invest in Litecoin? You can choose to purchase Litecoin and keep it as an investment item in your wallet. If price changes are significant, owning this virtual currency will give you a chance to gain from capital appreciation. Holding Litecoin for an extended period may also pay off nicely as its price reaches new heights whenever Bitcoin soars. Otherwise, you can choose to trade Litecoin with either spot or derivatives trading, each of which can accommodate long and short positions. To learn whether investing or trading is better suited to you, check out our article here. How Much Should You Invest? The number one rule for all crypto investment is not to invest more than you can afford to lose. This applies whether you’re a beginning or advanced trader. Also, diversification is a well-known practice — such as investing no more than 10% of your portfolio in any altcoin. When applied to trading, the main rule is straightforward: Never trade more than 1% of your capital in a single transaction. Stick to this rule, and your funds will be protected.  Where to Trade or Invest in Litecoin You can buy Litecoin on most cryptocurrency exchanges to hold for an extended period. However, you can also trade perpetual contracts to speculate on LTC, with a predetermined price at a specified time in the future. For instance, Bybit offers both the LTC/USDT Spot pair and LTCUSDT Perpetual contracts. You can buy LTC with the USDT stablecoin via a Perpetual contract with leverage. Simply fund your verified account with USDT, or convert another cryptocurrency to USDT.  Be sure to also take advantage of Bybit’s ongoing zero fees campaign for all Spot pairs, and trade LTC/USDT without any fees. Sign up for a Bybit account now and start trading!   Closing Thoughts Overall, there are multiple factors that contribute to the value of Litecoin. Other than the faster, more scalable and decentralized design of the blockchain itself, Litecoin has also achieved significant traction with regard to adoption and usage.
Chainlink Cryptocurrency Has The Potential To Rally

Chainlink Cryptocurrency Has The Potential To Rally

InstaForex Analysis InstaForex Analysis 25.11.2022 08:13
On the 4-hour chart the Chainlink Crypto currency appears to be forming Bullish Pitchfork Channel and this Cryptocurrency move harmonious in it, this indicates that the Buyers are starting to re-enter in this Cryptocurrency, it is confirmed by: 1. The upward Pitchfork channel. 2. The price movement is above the Moving Average which is dip upwards. 3. CCI has broken through three levels -100, 0, & 100 is now in the range of 0-100 levels. 4. There is a 123 Bullish Pattern. 5. Breakout from Ross Hook (RH). Based on those five facts above, Chainlink has the potential to rally until the level 7.19293 as the main target and The upper line of the Bullish Pitchfork channel is the second target, but before that, Chainlink also has the potential to be corrected to the downside to gain momentum for the upward rally where the level to be targeted and tested is at the level of 6.48294-6.29730. If this level area is strong enough to withstand the rate of downward correction, then Chainlink potentially return to rally upward. On the other hand, if the level of this area does not stop its decline, especially if the level of 6.42730 is exceeded, then all scenarios of an upward rally that have been described previously will become invalid. Relevance up to 02:00 2022-11-26 UTC+1 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. Read more: https://www.instaforex.eu/forex_analysis/114597
Ethereum Follows Bitcoin And Actively Develops A Recovery

The News About The New MetaMask Privacy Policy | The Outlook Of Ethereum

InstaForex Analysis InstaForex Analysis 25.11.2022 09:55
Crypto Industry News: The company behind MetaMask, namely Consensys, has updated its privacy policy. As part of the new provisions, their popular wallet will collect the aforementioned IP addresses and addresses of their customers' ETH wallets from today when they perform transactions. Specifically, the update affects users who use Infura as a "Remote Procedure Call" (RPC) provider in MetaMask. Infura is an affiliate of Consensys and is the default RPC provider on all MetaMask wallets. What is very important - according to the published information, MetaMask users have the option to change the RPC from Infury to another provider - then their data will not be collected by Consensys. However, they will still be subject to any information collection policies of the new RPC provider of their choice. According to a statement from Consensys: "When you use Infury as your default RPC provider in MetaMask, Infura will collect your IP address and Ethereum wallet address when sending transactions. However, if you use your own Ethereum node or a third-party RPC provider with MetaMask, then neither Infura nor MetaMask will collect your IP address or Ethereum wallet addresses." The news about the new MetaMask privacy policy quickly spread around the web and caused a very just, collective indignation of Internet users. Technical Market Outlook: The Ethereum bulls has managed to break the trend line resistance, extend the bounce towards the level of $1,215 and are still moving higher. The intraday technical resistance is located at $1,231 and $1,1288. The momentum is moving away from the extremely oversold conditions on the H4 time frame chart, so the odds for a strong bounce continuation are high. Please notice the fact, that Ethereum lost more than 37% in November alone as the crypto winter continues and any up move should be considered as the upward correction during the long-term down trend. Weekly Pivot Points: WR3 - $1,198 WR2 - $1,151 WR1 - $1,143 Weekly Pivot - $1,125 WS1 - $1,110 WS2 - $1,092 WS3 - $1,059 Trading Outlook: The Ethereum market has been seen making lower highs and lower low since the swing high was made in the middle of the August at the level of $2,029. The key technical support for bulls at $1,281 was broken already. If the down move will be extended, then the next target for bears is located at the level of $1,000.   Relevance up to 09:00 2022-11-26 UTC+1 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. Read more: https://www.instaforex.eu/forex_analysis/302530
What are Canary Network and Songbird Network? Songbird Crypto Token and more explained by ByBit

DeFi's Integration With TradFi Is Still In The Early Stages

ByBit Analysis ByBit Analysis 25.11.2022 10:39
Since DeFi summer brought about the 2020 bull market, everyone anticipated “institutional adoption” to come to DeFi. Integration between TradFi and DeFi mainly happened on the trading front, where centralized exchanges became a middle ground for TradFi crypto adoption. Market makers and proprietary funds alike began executing carry and price arbitrage on centralized and decentralized venues. To accommodate billions of dollars of flow, key on-chain trading infrastructure projects were incubated and funded by these institutions. An example of such an infrastructure is Pyth, where 70+ institutional trading firms, with the likes of Jump Crypto and DRW Cumberland, publish price discovery and create market efficiency across different venues. The completion of decentralized infrastructure in financial trading allowed sophisticated trader flows to enter crypto native markets.  Looking past financial trading, there is a second type of institutional capital brewing in DeFi —  these are private credit funds that received traction after the centralized lenders imploded in May 2022. Before the liquidity crunch in May this year, centralized lending desks originated a phenomenal amount of crypto loans, for example, Celsius, Genesis, and BlockFi together issued $45.6 Billion of loans in Q1 2022. Main customers for these loans were institutional traders,  who were willing to pay 10%+ APY on daily liquidity.  Source: Genesis Investor Data With the fast de-leveraging of these centralized entities, there was a void of liquidity in the market and profitable crypto-native institutions turned to DeFi solutions to fill in the space. The market saw the rise of Orthogonal Credit, M11 Credit, and Blocktower Credit, which are credit funds that provide direct lending on venues such as Maple finance to market makers, e.g. Wintermute, Auros and Flow Traders, allowing them to draw USDC at 8.5-10% and draw wETH at 5-6%. Source: @scottincrypto, https://dune.com/scottincrypto/Maple-Deposits Asset management products have also moved on-chain, democratizing investment strategies that historically were only available to large institutional clients. Leveraging smart contracts and unique crypto-native non-linear yields, strategies such as DeFi Option Vaults (DOVs) saw breakout volumes in 2021, with $1 Billion in Total Value Locked (TVL) at its peak. Vaults like Ribbon Finance, Friktion, and Antimatter, provide simple UI/UX to allow retail investors to tap into vanilla option premiums. From underwriting out of money covered calls and vanilla puts, retail investors saw these option premiums reeling in 20 to 40% of returns at the time, which looked very competitive and more sustainable compared to incentive based yield farms. On the back of these retail underwriting, institutional options market makers would buy the entire vault of options and sell on exchanges such as Deribit which saw 90% of total crypto option flow at some point. Currently option vaults face lower volumes due to several reason: Underlying crypto assets have incurred large drawdowns and may continue to have large swings Yields have suppressed during lower volatility periods in the bear market. While DeFi volumes today depend on trading players whose health dictates how active DeFi is, a more balanced ecosystem would welcome players beyond traders, who can leverage the efficiency and transparency of this new paradigm. With the US Fed Funds target rate turning to 3.75 to 4.00%, the DeFi spread (the difference between DeFi borrowing rate and US treasury) has turned to -1.2%, which begs the question — Does it still make sense to invest DeFi capital in Compound’s cUSDC pools where yields are less than 2%? Where will DeFi capital go?  Source: St Louis Fed - https://fred.stlouisfed.org/series/DTB4WK, @tt_taylor https://dune.com/queries/30619/61723 With the above background and questions, this report will delve into the current development of DeFi’s real-world usage, difficulties that hinder such developments, and possibilities in DeFi’s integration with TradFi.  The first phase of DeFi arguably revolved around TradFi capital flows into DeFi, as well as how new capital is deployed to bring TradFi functions to DeFi, including exchanges, trading, lending, derivatives, payments, etc. So far, DeFi applications have been mainly used by crypto-native users. Unfortunately, due to an extended bear market, DeFi usage declined in the face of muted speculative activities. As a result, DeFi protocols turned their focus from retail investors to institutional investors and from crypto trading to tokenized real assets.  The next phase of DeFi seems to be for native DeFi protocols to add the support of real-world assets and enlist real-world players as DeFi users. In this section, we will dive deeper into how DeFi currently interacts with real-world assets. DeFi’s Real-World Lending  In order to expand its usage outside the crypto-native community, DeFi ventured into the traditional world of finance. DeFi’s real-world lending caters to institutional needs, for simplicity  DeFi’s real-world lending in this article only refers to DeFi protocols’ lending to real-world institutions, excluding lending to retail investors.  Top DeFi lending protocols, such as Aave and Compound, offer on-chain over-collateralized loans without the procedures of KYC and credit assessment. In contrast, real-world institutions that are sensitive to capital efficiency loathe over-collateralized loans due to lower leverage, leading to the emergence of DeFi protocols that lend solely to real-world players with under-collateralized or un-collateralized loans, such as Maple Finance.  Despite low capital efficiency, over-collateralized loans in DeFi have a role to play in real-world lending due to lower borrowing rates, with MakerDAO being the pioneer and leader. However, over-collateralized loans often only attract large financial institutions, such as banks, with premium assets as collaterals but not smaller-sized private credit firms. For example, without credit assessment, MakerDAO only charges 30 bps above 5-year treasury loans for its lending to syndicated loans managed by Huntingdon Valley Bank, which is low compared to around 140bps credit risk premium for high-quality bonds.  A Brief Timeline of DeFi’s Real-World Lending With the assistance of real-world asset pools on Centrifuge, MakerDAO ushered in real-world lending back in 2020 on the back of the approval of the proposal for the DAO to onboard off-chain real-world assets (RWA). On the other hand, uncollateralized institutional lending came to light with the launch of TrueFi in Nov 2020 and Maple Finance and Goldfinch in mid-2021. Stepping into 2022, as DeFi space reels from crypto winter, Clearpool, and Ribbon Lend, among other protocols that target institutional borrowing, continue to enter the space.  Collateralized Real-World Lending Source: https://makerburn.com/#/rundown (data as of Nov 16, 2022) The most prominent protocol with over-collateralized real-world lending is  MakerDAO. As of the time of writing, MakerDAO owns eight RWA pools with an outstanding supply of DAI to the tune of $336.7 million. Among them, four lending pools are based on RWA pools from Centrifuge, with collateral including loans to real estate investors, freight invoices, short-term trade receivables, and revenue-based financing assets. Another three lending pools are through a trust structure, with cooperation from 6s Capital, a fund that lends to real estate developers, Huntingdon Valley Bank (HVB), a bank located in the United States, and lastly, Societe Generale, a prominent French bank. The last RWA pool is made up of investments in a high-quality bond scheme with Monetalis to seek higher yields in TradFi.  Centrifuge plays a critical role in MakerDAO’s RWA ambition by tokenizing collateral assets. Investors are separated into two tranches, junior and senior tranches. The junior tranche is open to professional investors looking for higher returns but comes with higher default risks. The RWA pools on Centrifuge cover industries such as real estate bridge loans and fintech debt financing, among others.  While most end borrowers may be linked with real-world usage, the largest RWA pools are Monetalis and the HVB pool, representing 89.3% of the total RWA pools’ DAI supply as of the time of writing, suggesting that Centrifuge-connected pools are a minority among RWA pools.  Moreover, large RWA pools on MakerDAO in connection with Centrifuge were launched in 2020 or early 2021. As uncollateralized lending protocols gained traction in late 2021, MakerDAO lost its luster due to lower leverage from over-collateralized loans, while small borrowers flocked to under-collateralized lending platforms. It is important to note that the supply of DAI on RWA accounts for a small fraction of the total DAI supply, approximately 5.4% as of the time of writing. However, with continuous investments in treasury yields, the RWA proportion is likely to rise in the foreseeable future. All in all, despite early-stage developments, MakerDAO’s RWA scheme has set a great example for the integration of TradFi and DeFi. Not only do real-world players borrow on the platform, but MakerDAO, sitting with more than 3 billion PSM reserves in USDC, has started to seek yields from traditional assets. As we mentioned at the beginning of this article, TradFi capital used to flow into DeFi for higher yields. With treasury interest rates hiking and DeFi yields shrinking, it is natural that DeFi capital flows back to TradFi, ushering in a new era of TradFi-DeFi integration. Under Collateralized Lending Source: rwa.xyz (data as of Nov 16, 2022) Real-world assets collateralized by DeFi institutional lendings are mainly private credits. As of the time of writing, there are active loans amounting to $359 million with an average APY of 11.47% that offer on-chain loans to real-world borrowers. The top real-world borrowers are from fields such as fintech, real estate, and carbon projects, among others.  Under Collateralised Lending Protocols TVL (USD) Loan Value Outstanding (USD) Lenders Maple Finance 296.3m 279m Private credit firms, Crypto market makers TrueFi 38.94m 15.14m Market makers, private credit firms Clearpool 23.8m 7.5m Market makers Goldfinch 20m 5.2m Private credit, asset-based loans Ribbon Lend 28.5 28.5m Market makers Source: Dune Analytics@blakewest; Protocol Websites (data as of Nov 14, 2022) Maple Finance is the leader that offers under-collateralized lending from DeFi to real-world borrowers, with the highest TVL at around $136.2 million. Uncollateralized lending on DeFi targets institutional investors, both crypto-native and real-world players. After rigorous KYC and credit assessment, institutional investors can create a pool on Maple Finance, TrueFi, and ClearPool for borrowing from DeFi users.  However, these under-collateralized lending platforms may not directly serve real-world borrowers. Crypto market makers form a large portion of borrowing demand on TrueFi and ClearPool, which strictly do not qualify as real-world borrowers. On the other hand, Goldfinch, which promotes itself as a true lender to developing countries for real yields, integrates better with real-world players and may continue to drive value to the platforms. The Emergence of Credix Credix is a new institutional lending protocol launched this year on Solana, with a similar model to Goldfinch, connecting global capital to Latin American Fintech borrowers. Credix sets itself apart from the previously mentioned institutional lending protocol by underwriting over-collateralized loans themselves, lowering the default risks for liquidity pool investors while offering an attractive yield.  Synthetic Assets (Tokenized Real-World Assets) Moving the trading of real-world assets on-chain is another way to expand DeFi’s real-world usage. The possible real-world assets include equities, currencies (FX), commodities, and complex derivatives, among others. Synthetix, a popular synthetic trading DeFi platform, offers derivative tokens, dubbed synths, to trade crypto and FX, mainly USD, EUR, and INR, while Gains Network includes trading pairs of crypto, FX, and equities. Tokenizing real-world assets lays the foundation for real-world users to trade traditional assets with no intermediaries. At this juncture, tokenized equities might not attract users due to a series of issues, such as dividend distribution and asset custody. However, DeFi might play a role in facilitating cheaper trading of FX pairs for real-world users, as traditional banks charge high spread costs for retail users. Furthermore, FX volatilities amidst the U.S. monetary tightening cycle leave currencies from developed and emerging countries volatile. FX trading on DeFi enables users to hedge or trade their home currencies with minimal spreads to prevent wealth reduction from currency depreciation. As a highlight, USD/JPY and GBP/USD registered over 232 million and $103 million trading volume in the past 30 days on gTrade, representing around 12.6% and 5.6%, respectively, suggesting a blooming FX trading on DeFi platforms. In Summary While we have seen the adoption of trading and lending DeFi protocols with real-world players, DeFi's integration with TradFi is still in the early stages. DeFi categories other than trading and lending have not seen the same level of integration with TradFi. As such, we will look into what disconnects DeFi from TradFi in the following section. Drawing parallels to traditional financial services, institutional services can fall into the following four categories: trading, lending, investment products, and transaction banking. So far, trading and lending have found the most product market fit in decentralized finance; the appetite for integration seems to be slower in other corners of financial services, and it is worth looking into the roadblocks preventing further integration. Regulation Crypto regulation today remains at rudimentary levels, where most countries’ governing bodies only have concrete guidelines around Anti Money Laundering (AML) practices. As of today, this rudimentary level of regulation has allowed big banks such as JPMorgan to use public blockchain e.g. Polygon as a settlement layer to enhance transparency and efficiency. These trials using a sandboxed environment, albeit exciting steps towards more DeFi adoption, are more of a feature (fractional reserve) in commercial transaction banking than integration of the capital markets. Lack of regulation is preventing TradFi players from using decentralized venues for sourcing and deploying capital. Few countries have more sophisticated regulations regarding crypto investments, for example:  Crypto transactions compliant with OFAC sanctions (US) Requirements as a decentralization organization (Gibraltar) Accreditation of individual investors (US/Dubai/Singapore)  One current solution to the regulatory barriers is Securitize, a KYC layer that allows off-chain real-world assets to accept DeFi capital from compliant investors. The platform has been in the headlines for tokenizing KKR’s healthcare fund, which is one of the first examples of adoption from large private equity players. The platform not only checks whether the investor complies with AML and OFAC requirements, but it also checks whether an investor is fit to participate in the offered investment-grade products. In the US, an accredited investor must have $1 million of net worth, at least $200,000 of income for the past two years, or financial practitioner licenses such as Series 7, 82, 65. This approach is a hybrid approach to DeFi and may be seen as a compromise that might have trouble convincing both traditional institutions and DeFi native players to adopt it. Crypto native KYC solutions using zero-knowledge, such as zkPass, could be the beginning of the end-game for the regulatory dilemma.  Security Often seen as the double-edged sword of DeFi, vulnerable smart contracts have continuously been targeted by malicious hackers and pose the largest inherent risk in the industry. 2022 saw a total of $3 billion stolen from different attacks, where October alone took $718 million from the system across 11 hacks. Reportedly, white hat hackers have been working through a record-high backlog of hack analysis and mitigation. Common vulnerabilities include:  Oracle manipulation Re-entrancy attack Front end, bridge, and other weaknesses. While web3 development has attracted 10x interest since 2018, most of the investment in security has focused on ensuring protocols and their later updates are audited and trusted by their users. With the explosion of new protocols in DeFi, top auditing firms are known to have congested sales pipelines. However, once smart contracts are deployed, there is a lack of investment for on-chain activity monitoring and post-attack retrieval of funds. An example is when DFX – an FX DeFi protocol – was recently hacked, the team was only able to react 20 to 30 minutes after the hack had been detected. The scale of re-investment into security is very different from TradFi and CeFi players, who take an active engagement model spending billions on cyber security budgets.  For active mitigation near real-time, smaller crypto native players like Hackless (a previous EthLisbon hackathon winner) have been monitoring mempools to detect unusual on-chain behaviors, sandwiching malicious transactions, and migrating funds to a safe haven. For post-breach remediation, investigative firms such as Chainalysis (invested by GIC, Blackstone, BNY Mellon) and TRM Labs (invested by Goldman Sachs, Citi, Amex, and Paypal) both launched an incident response division this year to serve institutional clients. The effort tries to to recover the funds by tracking down transaction trails, e.g., Nomad bridge hack and Slope Wallet compromise. Scalable pre-deployment auditing, real-time attack mitigation, and post-breach investigation are the three key areas of development essential for integration with large TradFi institutions. Product Diversity DeFi yields come from validator rewards, lending, and trading rewards such as LP tokens, as well as more “degen” liquidity incentivisation rewards (many of those are battling downward token price pressure in the long term). Through this year’s two large liquidity crunches - some yields have stayed resilient, especially in validator rewards where liquid staking yields for ETH have returned to 10%.  Such resilience in crypto native network yields can provide more comfort for institutional capital to enter the space. However, there is still not enough yield-generating assets on-chain for institutional appetite, and the negative DeFi spread presents an unique timing to examine what are the challenges to bring real-world assets on-chain.  The biggest bottlenecks to bringing more real world assets on-chain are asset origination and real-time data oracles. Firstly, real world asset yield opportunities have not seen a lack of US dollar liquidity since quantitative easing began in March 2009, and hence there was little incentive to cross both regulatory and security hurdles to be on the blockchain. Simply put, capital was cheap, it did not make sense for good quality real world assets to seek on-chain funding even in stablecoins. This phenomenon has only started to change recently, when the Fed started reversing the size of its balance sheet this year. While on-chain liquidity is seeing tightening post-FTX blowup, real-world assets will continue to increase their interest in crypto funding if negative DeFi spread persists.  Secondly, origination for more diverse assets is highly dependent on access to and integration with good quality real world assets. These deals require more integrated oracle infrastructure to improve off-chain data feeds with on-chain execution, which require consensus from stakeholders on what data is required in each of the DeFi applications. Some ideas are data for the underlying real world asset, the inner workings of the deal terms that may include deterministic payouts,  as well as state feeds for collateral and credit assessments e.g. proof of reserve. Interestingly, proof of reserve recently became more widely adopted as industry standard as centralized exchanges such as Bybit are collectively restoring trust in the crypto industry.  Source: Chainlink, https://blog.chain.link/low-latency-oracle-solution/ Despite the current state of DeFi’s real-world functionalities on a global and macro scale, we believe there is more room for integration between the two spaces. Tokenized Risk-Free Rate As DeFi yields have ground lower, global yields have been rising against the restrictive monetary policy from major central banks. As a result, seeking yields from government or corporate bonds for DeFi protocols might be a rational maneuver. As government bonds remain largely inaccessible to most retail investors, tokenizing risk-free investments such as government bonds may attract users to invest cash in the blockchain.  In addition, when: (1) higher yields from under-collateralized lending that pay for credit risks and (2) yields from liquidity provision that factor in impairment loss are excluded, the real yield from USDC lending offered by lending protocols such as Aave is only at 0.31% as of the time of writing. In comparison, 3-month and 6-month U.S. government treasury yields are at 4.16% and 4.53%, respectively, remarkably surpassing the yields on Aave.  As such, DeFi protocols that purchase U.S. treasury bonds in secondary markets for asset tokenization might attract users to their platforms with higher yields. That being said, there are legal and regulatory challenges ahead, but the trend of asset tokenization in DeFis continues to grow.  Increase In Traction for Institutional Lending  Uncollateralized institutional lending offers a significantly higher rate than collateralized protocols such as Aave. Goldfinch, for example, offers yield for its senior tranche at over 13% APY, project by project, with 8% interest payments in USDC and 5% in GFI, its native token. The higher yield may attract capital amidst plunging DeFi yields.  Despite plunging TVL and outstanding debt, Credix, an institutional lending protocol newly launched in June, continues to close new partnerships, such as the upcoming $150 million pool launch with Clave, an Argentinian fintech company, indicating demand for real-world lending from Latin America. What’s more, Maple Finance’s new pool that targets embattled Bitcoin miners has received overwhelming applications, further speaking of massive potential from institutional lending. The popularity of Maple Finance for miners reinforces that traditional corporate finance has leaned toward quality and large-scale firms while embattled small firms are not taken care of. As such, the institutional lending market has great potential by serving real-world players, which might attract new protocols to innovate in this space. That said, the design of under-collateralized institutional lending has its drawbacks, including off-chain diligence and low default protection. As a highlight, native tokens staked dropped in value upon borrowers’ defaults, leading to low coverage from defaulted loans. Great Potential From CDP’s RWA Expansion Over-collateralized lending may serve real-world players due to its low yield, as mentioned earlier. High yields from uncollateralized lending target small to medium firms, while collateralized lending with lower borrowing rate serves financial institutions or investment managers which hold premium assets. At this juncture, more DeFi protocols aspire to issue their stablecoin, including GHO from Aave and Curve’s impending stablecoin. GHO’s business model is closer to the one of MakerDAO and might launch RWA modules as Aave’s business model continues to evolve. Moving forward, more financial institutions like JP Morgan will try out blockchain technology. The CDP protocols, such as MakerDAO, as one of the most established DeFi categories, in our view, may attract them to experiment first. Saving Costs With the Help of Blockchain Source: IMF Traditional financial institutions can reduce operational costs by leveraging DeFi technology. Based on the IMF's report, compared to traditional financial institutions, DeFi has significantly lower labor costs, with smart contracts governing on-chain transactions and validators performing verification and record retention. Traditional finance, which is profit-driven, can simply leverage blockchain technology to save labor costs and further boost its profits.  As such, DeFi protocols that help onboard traditional financial institutions to blockchains will thrive. An example is Quant Network, which gains traction by connecting traditional financial institutions with multiple distributed ledger networks. In Summary As insolvency events continue to steal the limelight, DeFi has taken a hit from plunging TVL and user exodus. However, the long-term secular trend that DeFi will drive value from real-world integration is unstoppable. We have shared our thoughts on how and why further integration between TradFi and DeFi can and should occur, and more possibilities await for industry players to explore. In our view, the next DeFi Summer will come from deepening integration between DeFi and TradFi. 
What are Canary Network and Songbird Network? Songbird Crypto Token and more explained by ByBit

What are Canary Network and Songbird Network? Songbird Crypto Token and more explained by ByBit

ByBit Analysis ByBit Analysis 28.11.2022 09:39
Cross-chain interoperability remains a challenge for the wider adoption of blockchain technology. By default, blockchains are self-contained environments that have limited points of contact with the outside world. Many projects have been launched in recent years to improve blockchains’ ability to communicate with each other. One of the upcoming projects in this domain is Flare Network (FLR). This new blockchain takes pretesting seriously, with a test chain, Songbird (SGB), at the core of its launch activities. What Is Canary Network? In blockchain, a canary network is a pretesting environment used to safely test features and functions to be implemented. A canary network is a proper chain of its own, and emulates most or all the features of the main blockchain it’s designed to test. It has exactly the same network architecture as the main chain. Canary networks are usually different from testnet chains, used in pretesting a final blockchain, (the mainnet). Testnets nearly always have the same native coin as their mainnets, while canary networks feature a different cryptocurrency. Additionally, crypto coins and tokens on a testnet have no monetary value, and can be freely spent. In contrast, canary networks feature proper coins and tokens with some market value. The coin and token balances on a canary network cannot be freely replenished. As such, a canary network might be considered a more advanced network type than a testnet. In some cases, canary networks continue to operate for years alongside their main chain, and might even develop defined ecosystems of their own. What Is Songbird Network? Songbird is the canary network for the Flare blockchain, a smart contract platform designed to enhance cross-chain interoperability that’s compatible with the Ethereum virtual machine (EVM), opening up opportunities for interaction with a large number of modern blockchains. Originally, Flare was conceptualized to help improve compatibility between the XRP Ledger and other popular public blockchains. The XRP Ledger is the enterprise-oriented blockchain of leading crypto financial network Ripple, whose coin, XRP, is the 7th largest cryptocurrency by market cap. Top 7 Cryptocurrencies by Market Cap as of November 21, 2022 Source: Coingecko.com By connecting the XRP Ledger to other prominent blockchains, Flare can help markedly improve the business world’s overall adoption of blockchain technology. As of November 2022, Flare is in “observation mode,” with its beta version expected to be launched shortly. Similar to Polkadot’s (DOT) thorough adoption of pretesting via its own canary network, Kusama (KSM), the developers of Flare are using Songbird as a testing network to implement all the key features of Flare: Flare Time Series Oracle (FTSO), State Connector and F-Assets. This means that Songbird would always be a step ahead of Flare in terms of technological innovations, albeit with the added risk of instability. FTSO is a network of oracles that feeds external price-pair data into Flare’s blockchain. State Connector is a Flare functionality to securely pass off-chain data on the network. F-Assets are special assets designed to enable smart contract functionality on Flare using cryptocurrencies that don’t normally support such a feature. Examples of these cryptocurrencies would be XRP, as well as popular coins based on the proof of work (PoW) consensus protocol such as Bitcoin (BTC), Dogecoin (DOGE) and Litecoin (LTC). What Is Songbird Crypto Token (SGB)? SGB is Songbird’s native crypto coin. One of its key functions is governance. SGB is crucial for testing governance-led functionalities of the Flare ecosystem. Flare governance proposals may originate from two sources — the Flare Foundation (a Netherlands-based nonprofit in charge of the project), and the user community. If a proposal comes from the Foundation, it’s voted on directly on the Flare network. However, if the user community submits a proposal, it first has to go through the voting process on Songbird, with SGB coin holders making a decision. If the vote is successful, the proposal will move to the next stage, voting and consideration on Flare. Changes proposed by the user community via voting on Songbird concern the actual Flare blockchain, not Songbird directly. If the changes are implemented on Flare, they’ll be duplicated on Songbird for testing purposes. Besides governance, SGB can also be used within the key apps and services on Songbird — FTSO, State Connector and F-Asset systems — as a testing ground. This way, users who wish to use Flare network can first try out the services without risking their FLR coins while earning SGB coins. For example, oracle data providers in FTSO earn rewards for their activity. SGB holders may also delegate coins to their chosen data providers to improve their voting power, and to earn a share of the rewards paid to them. In September 2021, SGB started with a supply of 15 billion at an annual inflation of 10%. There are now 16.7 billion coins, 8.7 billion of which are in circulation. The coin has been airdropped to XRP holders via various exchanges at a rate of 0.1511 SGB:1 XRP. Songbird Crypto Price Prediction SGB initially traded at around $0.31. In its first three months, its value fluctuated between $0.35 and $0.65. In late 2021, a long-term downward trend began, carrying it to $0.02 by May 2022 and around $0.01 by October. SGB has been relatively stable since then, trading at $0.013 as of November 21, 2022. Source: CoinGecko.com DigitalCoinPrice forecasts that SGB’s price will reach $0.036 by 2025 and $0.043 by 2027. PricePrediction is somewhat more bullish, expecting it to trade at $0.041 by 2025 and $0.085 by 2027. Thus, leading forecasters predict a slow, modest long-term growth pattern for SGB. Our view is that SGB does have potential for modest-to-good growth. Its network acts as a testing environment for a project that has great potential to bring enterprise-focused XRP to the wider blockchain ecosystem. Its useful functionality to enable smart contract operations for mineable cryptos — BTC, LTC and DOGE — may also provide further support to SGB. However, the testing/canary nature of Songbird may act as a risk factor for SGB’s growth potential. Canary networks do function as full blockchains for years on end. However, if Songbird is largely deprioritized when Flare is in full operation, SGB’s growth potential would then be curtailed. Closing Thoughts Songbird’s fate will largely depend on what kind of canary network it develops into over time. It might fade into obscurity when advanced testing is completed, and the Flare ecosystem is in full swing. However, as with Kusama/Polkadot, Songbird might continue to flourish and develop its own unique and rich ecosystem, independent of Flare. If Flare’s project team keeps an eye on the Kusama/Polkadot environment, they might see the benefits of actively supporting Songbird as its own long-term network. Source: Songbird Crypto: The Canary Network for Flare | Bybit Learn
Taking care of cryptocurrencies - ByBit highlights talks safety measures

Taking care of cryptocurrencies - ByBit highlights talks safety measures

ByBit Analysis ByBit Analysis 28.11.2022 09:47
  The decentralized model of cryptocurrency largely transfers power to users, which is why many users are drawn to it. However, with that power comes the responsibility of maintaining the privacy of your security keys. Effectively, by having complete ownership of your funds, you become solely responsible for the security of your funds. This article will examine various best practices for practical user security. Cryptocurrency users are susceptible to being targeted by hackers    As a digital asset, cryptocurrency has intrinsic value and can be stolen and diverted to new owners instantly and irrevocably. This creates a massive incentive for hackers to target users who do not take their security seriously. In 2020, research data revealed that global cryptocurrency losses due to hacking exceeded $3.8 billion. Trading platforms, wallet service providers, and related enterprises incurred most of these losses. Due to the undeniable high risk of security threats and breaches, cryptocurrency trading platforms and wallet service providers are investing more in cybersecurity. The security systems they procure are like those used in traditional centralized financial institutions with complex and layered security features. As the security levels at the institutional level get harder to penetrate, individual users gradually become the target of hackers. 10 Best Security Practices for Cryptocurrency Users 1. Change your perception of cybersecurity One fact that has existed for ages is that we are undoubtedly paying fees for the security of our funds in our bank account (though “security fees” will never appear on bank statements). Unlike traditional centralized banking financial institutions, decentralized systems such as cryptocurrencies transfer the control and responsibility of security to individual users. With cryptocurrency, even when we might be excited to complete our first cryptocurrency transaction, we should not forget that there are no longer any security service providers similar to what banks have, and there may not even be enough regulations to provide any protection (depending on the national or regional regulatory regulations in which the holder is located). Therefore, it is recommended that cryptocurrency users have crucial security practices in place, such as buying simple and easy-to-use hardware security devices, mastering security protocols, and implementing security best practices recommended in this article.   2. Choose a trusted trading platform with reliable security incident compensation or insurance mechanism. The most apparent risk faced by cryptocurrency holders is the theft of coins. Assuming most individual users hold coins on cryptocurrency trading platforms, choosing a trusted platform is undoubtedly important. There is no benchmark for international security standards or third-party agency ratings for trading platforms in the cryptocurrency industry. Therefore, it is necessary to properly understand the security mechanism of a platform before registration, such as the company’s current security investment. Also, it is important to check if there is any user account security insurance or guaranteed compensation for security breaches.   3. It is not enough to be well-informed on anti-phishing practices and scams; you must complete a safety test.   You should be familiar with basic user security risks as a cryptocurrency holder. Among them, phishing is the most common. To avoid being viewed as a “fish” in the eyes of perpetrators, you should be equipped with the knowledge about common “baiting-the-hook” techniques. One example would be when you receive a phishing email, and the URL that invites you to click is a fake domain name similar to a trusted one e.g. www.goog1e.com (note that it is not www.google.com). It could even be a clone website of a commonly used trading platform. According to data, around 65% of organizations worldwide experienced some kind of phishing attack in 2022. If your email has been compromised, or if you previously had a compromised account, then phishing emails will be carefully designed to target you. 96% of phishing attacks come from email, according to statistics. So, how do you prevent this?  A reliable method for crypto holders is to complete an anti-phishing security test. The Google online test is a good benchmark and you can take the test here. It comprises a total of eight (8) questions and requires just 10 minutes of your time. Didn’t manage to score full marks? That means you need to increase your security awareness and try again. Many large companies also test employees’ security awareness and corporate security status. Other common phishing methods include sending gifts or bonuses through fake official social media channels, posing as customer support personnel, or cloning trading platform CEOs' social accounts.    4. Use of 2-Factor Authentication (2FA)  The good news is that most cryptocurrency trading platforms, including Bybit or wallet service providers, require users to use two-factor authentication, such as Google Authenticator. The downside is that users will always dislike the hassle of using these tools. Taking the time to understand the principles of the 2FA security mechanism will allow us to understand the correct usage of a 2FA. 2FA is an additional layer of security used to ensure that only legitimate owners can access their accounts. This “extra” layer means that in addition to some things you know (password, PIN, etc.), security verification will also verify the second layer (two-factor). This two-factor can be something you own, such as the Google Authenticator app installed on a mobile phone that you carry, a one-time password sent to your mobile phone via SMS or hardware tokens. These features are used on top of your existing mobile security features (such as fingerprints, iris and/or facial scanners, etc.). When we install Google Authenticator directly on the computer, we give up an extra layer of protection every time we copy the verification code instead of using the smartphone app. It is very likely that once a hacker (remote) or a person who has physical access to your computer and gains access, your existing layers of protection will be penetrated. At Bybit, users can bind their accounts with Google Authenticator. The best time to bind your Google Authenticator is immediately after your first login to the Bybit account. Read here on how to bind your Bybit account to Google Authenticator.   5. Strong passwords independent of other Internet accounts It is always the most economical choice for a hacker to try to hack the target cryptocurrency account by using a user’s compromised account and password. Knowing this, a savvy cryptocurrency holder will have the following preventive measures. First, register a new email account for the cryptocurrency platform to circumvent any previous digital footprint that would allow hackers to successfully hack or clone your account. Secondly, do not use weak or common passwords. A report from CipherTrace, a blockchain certificate company, shows that 65% of the Know-Your-Clients verification (KYC) processes in the world’s top 120 cryptocurrency trading platforms are weak. This means that once your crypto account password has been cracked, the hacker could easily obtain your crypto assets on the trading platform and transfer them to their wallet address, thus leaving little to no chance of retrieving the assets.    6. Dividing assets in a 70-20-10 ratio to diversify risks In addition to trading on platforms using your accounts and cryptocurrencies, it is common for traders to store crypto assets offline like one would with cash in a safe. Personal crypto assets, whether stored in hard wallets, physical storage, desktop wallets, or mobile APP wallets, are recommended to be allocated to cold, warm, and hot wallets in the ratio of 70%, 20%, and 10% of assets depending on an individual needs and preferences. Would you still carry your entire net worth around in your wallet? Most people consider that reckless, yet cryptocurrency users often keep all their cryptocurrency in a single wallet. Instead, users should spread the risk among multiple and diverse cryptocurrency wallets. Prudent users will keep only a small fraction, perhaps less than 5%, of their cryptocurrency in an online or mobile wallet as “pocket change.” The rest should be split between a few different storage mechanisms, such as a desktop wallet and offline (cold storage).   7. Use a physical wallet that represents future trends Because most users are far more comfortable with physical security than digital security, a very effective method for protecting cryptocurrency is to convert them into physical form. Cryptocurrency keys are nothing more than long numbers. This means they can be stored in a physical form, printed on paper or etched on a metal coin. Securing the keys becomes as simple as physically securing the printed copy of the cryptocurrency keys. A set of cryptocurrency keys printed on paper is called a “paper wallet,” and many free tools can be used to create them. For example, I would keep most of my cryptocurrency (99% or more) stored in paper wallets, encrypted with BIP-38, with multiple copies locked in safes. Keeping cryptocurrency offline is called cold storage and is one of the most effective security techniques. A cold storage system is one where the keys are generated on an offline system (one never connected to the internet) and stored offline on paper or on a physical device, such as a USB memory stick. In the long term, cryptocurrency security will increasingly become hardware-tamper-proof wallets. Unlike a smartphone or desktop computer, a cryptocurrency hardware wallet has one purpose: to securely hold cryptocurrency. Without general-purpose software to compromise and with a limited interface, hardware wallets can deliver an almost foolproof level of security to non-expert users. It is no surprise that hardware wallets will become the predominant method of cryptocurrency storage.   8. Balance the risk of excessively complex protection to prevent asset loss   Complexity is the enemy of security, especially for the average individual user. The main risk addressed in the many security measures mentioned above is the prevention of stolen crypto assets, whether stolen on a trading platform or stolen physically – although, overly complicated security measures could pose greater risks. Although most users are rightly concerned about cryptocurrency theft, there is an even bigger risk. Data files get lost all the time. If they contain cryptocurrency, the loss is much more painful. In the effort to secure their cryptocurrency wallets, users must be very careful not to go too far and end up losing the cryptocurrency. In July 2011, a well-known cryptocurrency awareness and education project lost almost 7,000 cryptocurrencies. In their effort to prevent theft, the owners had implemented a complex series of encrypted backups. In the end, they accidentally lost the encryption keys, making the backups worthless and losing a fortune. One important security consideration that is often overlooked is mortality, especially in the context of incapacity or death of the key holder. Cryptocurrency users are told to use complex passwords and keep their keys secure and private, not sharing them with anyone. Unfortunately, that practice makes it almost impossible for the user’s family to recover any funds if the user is not available to unlock them. If you have a lot of cryptocurrencies, you should consider sharing access details with a trusted relative or lawyer. A more complex survival scheme can be set up with multi-signature access and estate planning through a lawyer specializing in “digital asset execution.”   9. Personal Data Protection and cryptocurrency-related privacy issues   Individuals own their data and cryptocurrency assets. Personal data protection is a sensitive subject. A single trace can identify and associate your personal information (PI) in the encrypted world with your cryptocurrencies. For example, your online usernames/ID on crypto community forums, your IP address, smartphone device information, personal infor trading platforms, or even if you inadvertently mention the type and quantities of crypto you own on social media. Information about you being the owner of a particular wallet address, the crypto service provider (trading platform or wallet) you use, your attendance at a private cryptocurrency conference, etc. All this personal data could be easily obtained by unscrupulous individuals looking for easy targets. Protecting your privacy is part of protecting the security of your cryptocurrency assets but it is also the only way you can avoid the conflict between the encrypted virtual world and the real world.   10. Living in the cryptocurrency world, you will need a security expert friend   “My deposit went to someone’s else address.” “The customer support of the trading platform said that I was caught in a clipboard hijacking malware, and I will need to immediately use anti-virus software and check the browser plugin.” “What exactly is a clipboard hijacking malware, and what should I do?” Users in the digital world also face problems similar to those in the real world, especially security issues. They have so many questions with no answers and nobody to turn to. Perhaps, having a security expert friend in your daily life would make things much less complex. In Summary According to Statista, the number of blockchain wallet users, as of October 2022, stands at over 82 million. Cryptocurrency is a completely new, unprecedented, and complex technology. Over time we will develop better security tools and practices that are easier to use by non-experts. For now, cryptocurrency users can use many tips to enjoy a secure and trouble-free cryptocurrency experience. Source: How to Keep Your Cryptocurrency Safe (2022) | Bybit Learn
Effects of the FTX crash are here to stay. Traders are said to stay vigilant

Cryptocurrencies: How does District0x Network work? What is it?

ByBit Analysis ByBit Analysis 28.11.2022 09:53
We’re increasingly living in a world where everything can be done remotely, from shopping online on Amazon and eBay to getting a gig on talent marketplaces such as Upwork and TopTal®. However, despite the millions of users flocking to these sites to offer and obtain services, their true voices are rarely heard — since they neither own nor control these platforms. But what if there were a way to decentralize such platforms and give power back to their users? In this article, we’ll dig into district0x, a blockchain network using DNT tokens and the concept of a decentralized autonomous organization (DAO) to create user-governed marketplaces known as districts. Let’s learn more! What Is a Decentralized Autonomous Organization (DAO)? A decentralized autonomous organization (DAO) is a blockchain-based governance structure owned by its community members who participate in voting for improvements to a protocol. DAOs are powered by smart contracts, which enable collaboration by its members in a decentralized way. When a platform has a DAO structure in place, it decentralizes governance and ensures transparency in its operations. Members submit proposals on their desired changes, and the rest of the members can vote to execute them or not. The voting power is proportional to the number of tokens held. One of the earliest DAOs to enter the market was MakerDAO, which was built on the Ethereum blockchain. Since then, different types of DAOs have arisen, offering a diverse range of applications for users. Source: BlockchainHub What Is District0x Network? District0x is a blockchain-based network of decentralized online marketplaces, known as districts, which are operated by community members without centralized leadership. These districts operate as DAOs in which individuals can vote using the platform’s native token, DNT, to decide on various operations and functions. Fun Fact: District0X (pronounced “district-zero-ex”) derives its name from the districts, or marketplaces/communities, which form the building blocks of the network, along with the 0x prefix as a way to pay tribute to Ethereum, which uses these first two symbols for all its blockchain addresses. Each district’s core functionalities are powered by d0xINFRA, a framework of open-source, Ethereum-based smart contracts and front-end libraries secured using BitTorrent’s InterPlanetary Filing System. Aragon’s governance technology is at the core of the network’s DAO operations. Its user-friendly interface enables the creation, administration and governance of each district. The creation of a new district triggers a corresponding Aragon entity to facilitate all the governance processes. Every district on the network is an online marketplace, with functionalities such as posting listings, a filter/search feature, and payment and invoicing, as well as ranking/reputation. To enhance functionality in a district, the network allows the integration of auxiliary modules. These are third-party plug-and-play additions implemented independently by users specific to a district to add new features and functions, including monetization. District0x was co-founded by Joe Urgo and Matus Lestan in January 2017. It was launched on the Ethereum Mainnet in June of that year with an initial coin offering (ICO) that raised 43,169 ETH, or around $9.78 million at that time. Source: district0x white paper District0x Network: How It Works At the heart of district0x operation is the district creation platform, which is a user-friendly interface that deploys new online marketplaces on the network. By creating a district, decentralized marketplaces can benefit from: Increased visibility to the district0x community, which leads to adoption and growth Benefit from governance incentives through bonding curves Access and integration to Aragon for enhanced, decentralized governance Access to ancillary services, such as escrow Creating an online marketplace through districts is easy and permissionless. Anyone can create their own district on district0x. All an individual needs to do is apply, and submit a request for consideration on the District Registry platform. They will then be required to deposit DNT tokens and attach relevant links, logos, and descriptions of their marketplace. If the district is successfully created, it’s entered into the District Registry. District Registry The District Registry is a decentrally maintained district whitelist of all marketplaces on the district0x network. The District Registry signifies that a district has been successfully registered on district0x, and can access its core functionalities. Registered districts qualify to be included in the district0x Network Token staking interface. When staking tokens by using any of the three bonding curves available on the network, users gain voting rights to matters concerning their district. By staking DNT, a corresponding entity is activated on Aragon, and the holder is issued with district0x voting tokens (DVT). Based on these tokens, the holder gains the right to vote on issues concerning the district, including external functionalities that need to be added. Source: district0x white paper Active Districts There are three active districts on the district0x network. They are: Ethlance Ethlance is a blockchain-based freelancer website built on Ethereum. Launched in January 2017, it’s the first decentralized marketplace on district0x, and acts as the sandbox on which the d0xINFRA framework is based. Unlike centralized task-based platforms such as Upwork, which charge users hefty commissions of up to 20%, Ethlance doesn’t charge any service fees. All users need is enough Ether to pay for the gas fees to apply for or post jobs on the platform. Some of the jobs available on the platform include smart contract development, UI/UX design and DApp development. You’ll need to connect your web3 wallet to use the platform. Source: education.district0x.io Name Bazaar Name Bazaar is a decentralized peer-to-peer marketplace for the exchange of names registered through the Ethereum Name Service. Launched in October 2017, Name Bazaar was the second marketplace to deploy on district0x. It provides a secure and trustless platform to trade ENS names without incurring extra costs. All transactions are powered using Ethereum smart contracts, which eliminates the need for middlemen. Source: education.district0x.io Meme Factory The third district, Meme Factory, is a self-governing platform for the creation, issuance and exchange of rare meme non-fungible tokens (NFTs). It’s powered by the Ethereum blockchain and uses an incentivized voting game called a Token Curated Registry (TCR) to govern the creation and issuance of memes on the platform. Meme Factory allows creators to mint tokenized memes, and displays them on a bulletin board–style marketplace for trading. Source: education.district0x.io Future Districts At district0x, community members can submit ideas for the districts they’d like to be added to the platform. Using the district0x proposal voting DApp, DNT holders can participate in the district creation process in an open and transparent way. District creation is ongoing for the addition of Stream Tide to the network. Stream Tide is a decentralized grants matching platform that amplifies financial support to creators through a quadratic funding mechanism. What Is District0x Network Token (DNT)? The district0x Network Token (DNT) is a utility-enabled token that powers district0x. The ERC-20 token is used to facilitate open participation on the network. Its main uses are: Creation of new districts – When submitting applications for a new district, users are required to deposit DNT tokens for consideration. Voting – As a governance token, DNT is used to represent one’s share in the district0x governance structure, which utilizes an incentivized voting game on the District Registry. Staking – Once a new district is created, DNT token holders stake their tokens to gain voting rights on various matters regarding that district. Challenging creators – To prevent bad actors on the District Registry, a DNT holder can use their tokens to challenge the district creator’s spot. Other DNT crypto holders can vote to support or dismiss this challenge. District0x Price Prediction Following its launch in mid-2017, DNT’s price didn’t experience much activity. However, it experienced a significant pump in December, spiking from $0.045 on December 9, 2017 to $0.42 on January 6, 2018. Thereafter, the price declined gradually, stagnating for most of 2019 and 2020. However, in October 2020, DNT’s price began to pump, reaching its highest price to date of $0.43 on April 19, 2021. The token’s price corrected after that, and continued to trade sideways in the following months. DNT pumped slightly at the beginning of 2022 to hit $0.16 on April 4, 2022, but has since dropped significantly to below $0.05. Source: CoinGecko Technical analysts at CoinCodex believe that DNT could reach a maximum of $0.28 by 2024 and $0.63 by 2025. However, price forecast experts at Price Prediction hold a sluggish outlook, looking at a maximum price of $0.11 in 2025 and $0.75 in 2030. Closing Thoughts Decentralized markets are necessary in a world that’s now powered by e-commerce and remote working. By leveraging blockchain technology, district0x has created a framework that ensures the community has control over its marketplaces and can influence all functionalities in their districts. As more districts are deployed on the district0x platform, its ecosystem will continue to grow, giving power to the people working hard to build an online presence. Source: What Is District0x: Creating Districts of Decentralized Marketplaces | Bybit Learn
Metaverse Can Achieve The Title Of The 2022 Oxford Word Of The Year

Metaverse Can Achieve The Title Of The 2022 Oxford Word Of The Year

InstaForex Analysis InstaForex Analysis 28.11.2022 10:34
Crypto Industry News: "Metaverse" is one of the main contenders for the 2022 Oxford Word of the Year, the Oxford University Press (OUP) announced, in a sign that this particular word is becoming concrete in the public mind. Oxford University Press, the publisher of the Oxford English Dictionary, announced three final words or terms for 2022 on Tuesday: Metaverse, #ISstandWith and Goblin Mode. "In the word 'Metaverse', we see a conceptual future brought into the vernacular in 2022," OUP wrote. Metaverse occupied a prominent place in public discourse this year. The renaming of social media giant Facebook to Meta, and CEO Mark Zuckerberg's subsequent doubling of the company's focus on virtual reality, even as stocks crashed and the company laid off thousands, kept the metaverse in the first place for both investors and the general public. Meta also spearheaded the creation of the Metaverse Standards Forum, which includes tech giants Microsoft, Sony, Intel, and nearly 200 others as core members to "support interoperability standards for the open metaverse." This means that the metaverse has been in the announcements of virtually every tech company in the last 12 months. Notably absent from the list of Forum members is Apple, which seems to be hiring to build its own meta world to compete with Meta. Technical Market Outlook: The ETH/USD bounce had been capped at the level of $1,231 and the market reversed back inside the range. The intraday technical resistance is located at $1,231 and $1,1288. The momentum is weak and negative, so the move down might be continued towards the level of $1,104 or $1.073. The intraday technical support located at the level of $1,174 had been broken as well. Please notice the fact, that Ethereum lost more than 37% in November alone as the crypto winter continues and any up move should be considered as the upward correction during the long-term down trend. Weekly Pivot Points: WR3 - $1,253 WR2 - $1,213 WR1 - $1,190 Weekly Pivot - $1,173 WS1 - $1,150 WS2 - $1,133 WS3 - $1,093 Trading Outlook: The Ethereum market has been seen making lower highs and lower low since the swing high was made in the middle of the August at the level of $2,029. The key technical support for bulls at $1,281 was broken already and the new yearly low was established at $1,074. If the down move will be extended, then the next target for bears is located at the level of $1,000.   Relevance up to 10:00 2022-11-29 UTC+1 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. Read more: https://www.instaforex.eu/forex_analysis/302753
Binance Academy: How does Proof of Reserves work? What is it?

Cryptocurrency market - outstanding CELO's performance

ByBit Analysis ByBit Analysis 28.11.2022 23:26
Chart of the Day      Growing unrest in China over Covid restrictions have sent shivers through the global markets, with stocks sliding during Asian trading hours and the dollar advancing. The political tension added stresses to an already-fragile global market, and the impact may have rippled to the crypto markets. After closing on a slightly positive note last week, BTC kicked started the new week with some shades of red. As of the time of writing, the largest cryptocurrency by market cap is trading near the $16.1k level after shedding 2.5% of its market value in the last 24 hours. Historical on-chain data suggests that BTC price will likely reach a macro cycle bottom when 58% to 61% of the supply are in unrealized loss, as indicated in orange. The green shading represents coins locked up inside the Grayscale’s BTC Trust, which is now trading at a 40% discount.    In a similar vein, ETH is now changing hands at the $1,100 handle, after posting a 4% decline in the same period. Mid-to-large altcoins are submerged in a sea of red, with LTC and SOL leading the downside correction on a 6.7% decrease in a similar time frame.    Market Check   Weekly Gainer    CELOUSDT   While major cryptocurrencies stabilized over the past week, several altcoins outperformed the broader market with staggering double-digit gains. Celo Network’s native token, CELO, is up 54.2% week-on-week, with a major technical-driven pump on Sunday. The jump came a few days after the launch of Curve Finance on the Celo network and the partnership announcement between Consensys and Celo to improve multichain support and scalability. Network fundamentals are improving, with the number of active developers doubling in the past month. The total value locked on the protocol, too, has surged by nearly 50% to $121 million since a week ago.     On the 1-day chart, CELO recently broke out from weeks-long resistance near the 50-day EMA and is now testing the next resistance level near the 100-day EMA. The trading volume has reached levels last seen in May, suggesting the outperformance is well supported by speculative capital. Meanwhile, RSI on the daily chart is on the high end but remains within the neural territory.    Check Out the Latest Prices, Charts, and Data for CELOUSDT!   Talk of the Town      Despite dampened sentiments in the crypto space, the week dedicated to celebrating the art scene with a twist of web3 is about to unfold in Miami. After first rising to prominence in the art scene, the Art Basel Miami Beach Fair gradually adopts a technical edge by weaving nascent concepts such as web3 and NFT into the experience. Apart from hosting the MiamiWeb3 Summit and DCENTral Miami, the biggest DeFi and NFT web3 conference, the week will also feature a five-day festival that spans 12 buildings and two city blocks, offering unparalleled web3 experience. The collaboration with Tezos will also allow visitors to mint NFTs in real-time. Source: Bybit Blog | On-Chain Model Points to Bottom Formation; Miami Prepares for Web3 Week
In the previous week Ether gained more than the leading cryptocurrency

In the previous week Ether gained more than the leading cryptocurrency

ByBit Analysis ByBit Analysis 28.11.2022 23:53
Written By: Marcus Wang and the Crypto Insights Team Edited by: Charmyn Ho Macro and Overall Risk Sentiment   The FOMC minutes released last week may have offered some hope for the eventual slowing down of the interest rate hike. The dollar is heading towards its steepest monthly decline since 2009, and the benchmark 10-year Treasury yield is down more than 30 basis points in November. Optimism is resurfacing across a range of assets as investors begin to pivot towards embracing more risks. Moving forward, insights into the Federal Reserve’s upcoming rate hike path will be tipped this week when Fed Chair Jerome Powell speaks at the Brookings Institution coming Wednesday.    The crypto market saw a rare, quiet holiday weekend. Over the carnage, titans of the industry rose as they came together to set up a rescue plan to aid troubled projects. However, there is still too much uncertainty in the market for the collective effort to be a catalyst that turns things around. Major cryptocurrencies made attempts to stabilize in their respective ranges. BTC closed the week with a marginal increase of less than 1%, while ETH jumped 4.5% week-on-week.   BTCUSDT Perpetual     BTC price has shown early signs of stabilizing in the past week as selling pressures moderate. BTC rebounded to $16k after re-testing $15.5k, facing immediate resistance at the 20-day EMA of $17k. The rebound was likely due to a technical adjustment after RSI reached the oversold zone, while trend reversal is not on the table as the unraveling FTX saga continues to strain investors’ confidence. From a technical perspective, Guppy Multiple Moving Average (GMMA), a technical indicator that identifies changing trends and breakouts, has diverged further in the past week, suggesting an imminent break is not on the horizon.   Regarding Bitcoin’s bottom price, the maximum drawdown at 84.5% from previous bear cycles in 2013 and 2017 points to a $10.7k bottom. On the other hand, the fixed range volume profile saw strong support at $16.5k, where the price range between $16.5k and $21.5k has been traded with the highest volume since 2020. Nonetheless, if BTC, unfortunately, broke below $16.5 and took hold, the next support level at $13.5k would be relatively weak due to low historical trading volume, pointing to a possibly lower bottom price.    The 7-day moving average of the BTC funding rate has turned slightly positive in a few exchanges, indicating a relieving risk-off sentiment. However, the spread between BTC spot and futures remained deeply negative, which reveals a dim outlook for investors in the near term.   Check Out the Latest Prices, Charts, and Data for BTCUSDT!   ETHUSDT Perpetual     As BTC clings to near-term $15.5k support, Ether has seemingly found support at the level of $1,080. Ether seems to stay above a trendline connecting price tops after FTX’s collapse, flagging an early sign of bullish price action. Ether has hovered around $1,200 in the past few days, facing immediate resistance at the 20-day EMA of $1,230 and a 50-day EMA of $1,320. Furthermore, the Parabolic SAR indicator on a 4-hour chart, an indicator used to determine trend directions and potential reversals in price, once turned bullish as SAR dots stayed below the current price level. However, as of the time of writing, the bullish signal freshly flipped to a bearish one, dashing hopes of a turnaround.    On another note, the open interests of Ether options set to expire by the end of November have been mostly closed, leaving significant volatility induced by option activity unlikely in the coming week. Meanwhile, Ether’s open interests in call options that expire by the end of December are still five times of put options. However, the strike prices of December’s call options are way higher than the current price level, unlikely to add up to the price volatility as well.   Check Out the Latest Prices, Charts, and Data for ETHUSDT!   Altcoin Outperformer   While major cryptocurrencies stabilized over the past week, several altcoins outperformed the broader market with staggering double-digit gains. Celo Network’s native token, CELO, is up 54.2% week-on-week, with a major technical-driven pump on Sunday. The jump came a few days after the launch of Curve Finance on the Celo network as well as a partnership announcement between Consensys and Celo to improve multichain support and scalability. Network fundamentals are improving, with the number of active developers doubling in the past month. The total value locked on the protocol, too, has surged by nearly 50% to $121 million since a week ago.     CELOUSDT Perpetual     On the 1-day chart, CELO recently broke out from weeks-long resistance near the 50-day EMA and is now testing the next resistance level near the 100-day EMA. The trading volume has reached the level last seen in May, suggesting the outperformance is well supported by speculative capital. Meanwhile, RSI on the daily chart is on the high end but remains within the neural territory.    Check Out the Latest Prices, Charts, and Data for CELOUSDT!   Market Movers (Week-on-Week) CELOUSDT (+54.2%) CRVUSDT (+25.6%) DOGEUSDT (+22.5%) CHZUSDT (-19.8%) DYDXUSDT (-12.7%) ALGOUSDT (-10.9%) New Derivatives Listings — What’s New on Bybit? Trade with up to 25x leverage on our new trading pairs: TWTUSDT SWEATUSDT Source: Bybit Blog | BTC and ETH Prices Cling to Key Support Levels as Negative Sentiment Persists
The Economic Committee Of The European Parliament Approved The Cryptocurrency Markets Act's (MiCA) Framework

The Economic Committee Of The European Parliament Approved The Cryptocurrency Markets Act's (MiCA) Framework

InstaForex Analysis InstaForex Analysis 29.11.2022 09:48
Crypto Industry News: In June, the President of the European Central Bank (ECB), Christine Lagarde, said that MiCA II, or additional European regulations of the cryptocurrency market, "should regulate activities involving staking and lending of cryptocurrencies." Now she's back on the subject. Christine Lagarde wants MiCA II Christine Lagarde once again called the regulation and supervision of cryptocurrencies an "absolute necessity". In her opinion, this process - i.e. market regulation - should accelerate especially after the collapse of the FTX cryptocurrency exchange. During a November 28 hearing before the European Parliament's Committee on Economic and Monetary Affairs, Lagarde cited Facebook's Libra as an example of the ECB's commitment, which "helped to stop some players" from entering the cryptocurrency market. However, she said that the situation with FTX was more about "stability and reliability of the stock exchange. He adds that the ECB needs to strengthen its role as a regulator to respond to people's growing interest in digital assets. "At least Europe [on regulation] is ahead of the rest," the ECB president said. "But as I said before, it is one step in the right direction. It's very much needed," she added. The Cryptocurrency Markets Act (MiCA) is undergoing legal and linguistic verification. The economic committee of the European Parliament approved its framework and assumptions in October - this happened after trilateral negotiations between the EU Council, the European Commission and the European Parliament. Many expect the new EU cryptocurrency policy to take effect from 2024. Technical Market Outlook: Despite the fact, that the intraday technical support located at the level of $1,174 had been broken, Ethereum has reversed all the yesterday's losses and is trading back close the recent local high around $1,231. The intraday technical resistance is located at $1,231 and $1,1288. The momentum is back to the positive territory, so the move up is backed up by bulls. Please notice the fact, that Ethereum lost more than 37% in November alone as the crypto winter continues and any up move should be considered as the upward correction during the long-term down trend. Weekly Pivot Points: WR3 - $1,253 WR2 - $1,213 WR1 - $1,190 Weekly Pivot - $1,173 WS1 - $1,150 WS2 - $1,133 WS3 - $1,093 Trading Outlook: The Ethereum market has been seen making lower highs and lower low since the swing high was made in the middle of the August at the level of $2,029. The key technical support for bulls at $1,281 was broken already and the new yearly low was established at $1,074. If the down move will be extended, then the next target for bears is located at the level of $1,000.   Relevance up to 09:00 2022-11-30 UTC+1 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. Read more: https://www.instaforex.eu/forex_analysis/302941
Popular crypto bridges and the ways they work - Avalanche Bridge, Polygon Bridge and more

FTX collapse reaps the harvest. BlockFi filed for bankruptcy

ByBit Analysis ByBit Analysis 29.11.2022 12:43
Chart of the Day      US stocks sank as Federal Reserve officials warned of underestimating the chances of higher rates in light of the Fed’s resolve to curb inflation. Asian stocks rebounded in the early hours of Tuesday as a nationwide protest against China’s “Covid zero” strategy eased. The dollar fell as sentiments improved and risk appetite returned.    In the broader crypto market, major cryptocurrencies rallied despite the fall of yet another major lender amid the spread of the FTX contagion. As of the time of writing, BTC is trading near the $16.5k region after posting a 2% gain in the last 24 hours. The largest cryptocurrency by market cap demonstrated some resilience in its price action despite a wider slowdown in asset activity and further implosions related to the FTX collapse. ETH is up 3.3% in the same period, and is now attempting to establish a stronger footing above the $1,200 handle. Most major altcoins have flipped green, with LINK and a handful of memecoins leading the recovery on double-digit percentage gains in a similar time frame.  Just as the industry continues to absorb the aftershock of recent blows, the amount of synthetic BTC assets on Ethereum continues to fall from its all-time high near 338k in April. The team behind renBTC, who lost their funding after Alameda Research filed for bankruptcy, has halted issuance. The team has decided to gradually phase out the Alameda-tied Ren 1.0, and launch a 2.0 version once they have more funding. WBTC, the largest supplier of BTC on Ethereum, was embroiled in the fear of an impending de-peg over the weekend, but has since restored some confidence after its official custodian assured that WBTC is safe and fully backed.    Market Check   Talk of the Town      Crypto lender BlockFi filed for chapter 11 bankruptcy on Monday, spotlighting the latest contagion effects that have been unleashed by the FTX collapse. According to the firm’s bankruptcy petition, BlockFi claimed more than 100,000 creditors, with $1 billion in assets and $10 billion in liabilities. Bankruptcy gives BlockFi an opportunity to formulate a repayment plan for creditors, and get back what they can from FTX, although potential recoveries are a long way off. The firm’s advisor Mark Renzi acknowledged in a court filing that the “full extent of the fallout from FTX’s collapse remains to be determined”.
Bitcoin And Ethereum Have Managed To Retain Their Positions As The Top Two Cryptocurrencies

Bitcoin And Ethereum Have Managed To Retain Their Positions As The Top Two Cryptocurrencies

ByBit Analysis ByBit Analysis 29.11.2022 13:39
Interest in cryptocurrencies has fluctuated over the past few years as wealth flows into the cryptocurrency market with every bull cycle, creating millionaires. What has remained constant despite the surge of new cryptocurrencies is the market dominance of Bitcoin, still the most valuable crypto since its launch. In recent years, Ethereum has become the strongest competitor for market share, grabbing the reins and overtaking Litecoin. As cryptocurrencies vie for market share, Litecoin has managed to remain within the top twenty in terms of market capitalization, even after a decade. To learn more about these three cryptocurrencies, please refer to these following articles: What Is Bitcoin? What Is Litecoin? What Is Ethereum? In this article, we’ll be looking at the differences between these three cryptocurrencies, particularly regarding consensus mechanism, hash algorithm, distribution, transaction speed and use cases. Growth of the Cryptocurrency Market Bitcoin was founded in 2009. Since then, the cryptocurrency market has arguably gone through three bull markets, specifically in 2013, 2017 and most recently in 2020, a particularly prominent year with various altcoins reaching all-time highs alongside Bitcoin’s ATH of $69,000 in November 2021. Other crypto market catalysts have included the DeFi Summer of 2020 and the market adoption of non-fungible tokens (NFTs). In addition, the periodic emergence of meme coins such as Dogecoin and Shiba Inu (in 2013 and 2020, respectively) has expanded the crypto market. The expectation of widespread crypto adoption is also a major factor in the growth of the cryptocurrency market. International firms have incorporated cryptocurrency into their operations in recent years, including payment giant PayPal. With such developments, the market adoption of cryptocurrency has grown, with consumers’ awareness increasing. Why Is Bitcoin So Popular? Cryptocurrencies have existed for well over a decade. Yet, through all of the rapid developments in the crypto market, Bitcoin still remains the dominant cryptocurrency. It runs on a blockchain, a decentralized publicly distributed ledger that contains encrypted records of every transaction that’s ever been made on the network, thus ensuring data security. Bitcoin’s underlying blockchain technology enables peer-to-peer transactions and eliminates the need for control by governments or other centralized financial institutions.  The surge in Bitcoin’s popularity is also attributed to the profits it’s brought about for its investors. With a stunning 69,000% increase in price from $100 in 2013 to $69,000 in 2021, Bitcoin successfully captured the market’s attention. At the same time, altcoins (cryptocurrencies other than Bitcoin) have also begun gaining bigger market share, the most prominent one being Ethereum, which has risen in the ranks to claim second place in overall market cap.  Litecoin, previously ranked second in market cap right behind Bitcoin, has been overtaken by multiple new cryptocurrencies, but has still managed to remain within the top twenty cryptos by market cap. In addition, its token, LTC, has recently gained the market’s attention once again as its price rose by 35% in just one week in the midst of an ongoing bear market. Litecoin vs. Bitcoin vs. Ethereum Bitcoin, Litecoin and Ethereum are all open-source software platforms, and their codes are publicly accessible. Despite all three cryptocurrencies being blockchain-based, there are certain underlying differences between them. Details Let’s start off with some specific details pertaining to each of these cryptocurrencies. Consensus Mechanism Since blockchains are publicly shared ledgers, they require an effective, fair, real-time, dependable and secure mechanism to ensure that all transactions taking place on the network are genuine. The consensus mechanism is essentially a set of guidelines to determine the validity of contributions made by the participants of the blockchain. In a blockchain’s dynamically changing environment, all participants have to agree on a consensus on the ledger’s status before transactions can be confirmed There are two main types of consensus mechanisms: Proof of work (PoW) and proof of stake (PoS). Using PoW, Bitcoin and Litecoin rely on miners, who solve complex mathematical equations using specialized hardware to add blocks to the networks. On the other hand, the Ethereum blockchain uses PoS, whereby validators stake their currency to validate new blocks on the blockchain. PoS requires significantly less computational power than PoW, which lowers both hardware requirements and energy consumption. Hashing Algorithm A hashing algorithm, which determines how incoming data is incorporated and verified on a blockchain, differs for the three cryptocurrencies. Bitcoin makes use of the SHA-256 algorithm and Litecoin uses Scrypt, while Ethereum previously relied on Ethash, no longer relevant since the network has switched to PoS as a part of its Ethereum 2.0 upgrade. The SHA-256 algorithm utilized by Bitcoin uses the computational power of GPUs (graphics processing units) and, to a lesser extent, CPUs (central processing units) to verify transactions and blocks. The most common method for Bitcoin mining consists of the use of application-specific integrated circuits (ASICs), a hardware system that can be tailor-made to mine Bitcoins. However, many people prefer not to use ASICs because they’re expensive, challenging to maintain and necessitate specialized knowledge. Bitcoin mining has become more centralized and exclusive, as fewer people have the skills, resources and time to buy, set up and maintain ASICs. This compromises the security and resilience of the network. Scrypt is a modified version of SHA-256, but is more memory-intensive, which is reputed to lessen its reliance on GPU arithmetic logic units (ALUs) and, consequently, ASIC mining equipment. Scrypt aims to make mining more accessible to individuals, as not all users can afford hardware equipment such as ASICs. This contributes to the decentralization of a network. Nonetheless, ever since Scrypt ASIC mining machines were built in 2021, Litecoin mining has once again fallen under the control of a few dominant players. Distribution Bitcoin (token: BTC) and Litecoin each have a supply cap on their number of tokens, with Bitcoin’s set at 21 million and Litecoin’s at 84 million. Since Litecoin has four times the supply of tokens, its network possesses greater liquidity as compared to Bitcoin. However, the scarcity of Bitcoin makes it more valuable. Ethereum, on the other hand, doesn’t have any ceiling for its supply of ETH. Nonetheless, its rate of growth is limited to 4.5% per annum. Mining Rewards Miners are rewarded for their efforts in the form of a blockchain’s native currency.  In 2009, Bitcoin started off with a 50 Bitcoin reward per block mined. After going through three halvings, the reward is now set at 6.5 BTC. Similarly, Litecoin began with a reward of 50 LTC per block mined. Following two halvings, the current reward stands at 12.5 LTC per block, with a third halving scheduled for 2023, which will reduce the reward to 6.25 LTC. These rewards are halved in order to limit the quantity of each cryptocurrency released into the circulating supply, thus creating scarcity. Bitcoin block rewards are halved every 210,000 blocks, while Litecoin block rewards are halved every 840,000 blocks. This difference is due to the different supply cap. Since Ethereum now utilizes a PoS consensus mechanism, there are no rewards for block mining. Instead, participants are rewarded by staking their Ether on the network to participate in block validation. Depending on the staking program in which users choose to participate, their rewards can fluctuate anywhere from 2% to 20%. Transaction Speed Another significant difference among the three cryptocurrencies lies in their transaction speeds, or TPS. Bitcoin processes approximately 5 TPS, and takes about 10 minutes to create a new block. In addition, Bitcoin software limits the size of a new block to 1MB. Not all Bitcoin transactions are processed within ten minutes. This is especially the case when the network is congested, due to a large number of transactions. Litecoin processes 54 TPS, taking approximately 2½ minutes to create a new block. Transactions on Litecoin are roughly four times faster than Bitcoin’s. As a result, Litecoin is often regarded as a currency for day-to-day transactions, while Bitcoin is considered to be more of a store of value. With its recent upgrade (The Merge), the Ethereum network is now able to handle up to 100,000 TPS.  Transaction Fee Bitcoin: ~$1 Litecoin: ~$0.012 Ethereum: Ethereum employs a different mechanism, called gas, in place of transaction fees. The amount of computational work necessary to complete a transaction is measured in gas. On the Ethereum network, users must pay gas fees in order to complete a transaction. They’re correspondingly assessed a gas fee for each individual transaction. Network Scalability One of the biggest issues for the Bitcoin network is scalability. The more users trying to send funds over the network at a given moment, the more congested it becomes. Since transaction fees are defined on the basis of an auction, those who make higher bids get their transactions confirmed first. This leads to high network fees and longer confirmation times. Though Litecoin has much lower fees, its network experiences the same problem. To speed up transaction time and lower transaction costs, Bitcoin and Litecoin have implemented some improvements. Among these are SegWit, which increases the block size limit by pulling signature data from transactions, and Lightning Network, which keeps transaction data off the blockchain. Since Ethereum has switched over to PoS, problems with scalability aren’t as prominent. However, scalability has been a major issue for the popular Ethereum network while it was using a PoW consensus. Layer 2 solutions were implemented as a partial remedy for Ethereum’s former transaction rate of 12–15 TPS. Use Case The use cases for each of these three cryptocurrencies differ quite drastically. Bitcoin: Bitcoin was created as a form of technology to allow for decentralized peer-to-peer (P2P) payments. However, its slow transaction speed makes it impractical for daily use, and it’s been referred to as digital gold, serving primarily as a store of value. Litecoin: Litecoin was forked from Bitcoin’s code to tackle issues of cost and scalability. These differences make Litecoin more favorable for merchants, since payments and transactions can be carried out quickly at a cheaper rate. Ethereum: Ethereum focuses on smart contracts, transfer of asset ownership and DApp (decentralized application) production. Smart contracts are software programs that take action when specific criteria are met. This procedure makes sure that every Ethereum transaction is secure for the user. Additionally, exchanges like the transfer of property or the exchange of money may be included in the contracts. Ethereum’s unique feature is that it allows programmers to directly interact with its underlying network, a capability that Bitcoin and Litecoin do not support. Should You Invest in Any of These Coins? The cryptocurrency market changes very rapidly, making it difficult for investors to choose the best investment options. With all the hype around the industry, many people are wondering if they should invest in either Bitcoin, Litecoin or Ethereum. New currencies are created in the market every month, and there’s no guarantee they’ll remain popular. Still, the three dominant currencies compared in this article have a strong user base, experienced developing teams and are available on most exchanges. All three of these currencies have already proven to be profitable for investors, and to have a good chance of growth in the next few years. Closing Thoughts The cryptocurrency landscape has changed drastically since its inception. Recently, more attention has been brought to the regulatory environment surrounding crypto. Despite all of this change and uncertainty, Bitcoin and Ethereum have managed to retain their positions as the top two cryptocurrencies by market cap. Litecoin, on the other hand, is no longer within the top three, but still holds its position among the 20 largest cryptocurrencies.  The crypto market is indeed an exciting one, with great potential despite its volatility and associated risks. If you’d like to take part in the market, sign up with Bybit today.
The First Verification Update For BTC Will Be Completed By The End Of This Week

Crypto exchanges - what are they and how do they work?

FXMAG Education FXMAG Education 30.11.2022 10:20
Cryptocurrency exchanges work analogously to stock exchanges where stocks or commodities are traded. What should we know about them? Why can prices on different exchanges vary greatly? What to look for and is the stock exchange a safe place? What is a crypto exchange? A cryptocurrency exchange is a place where cryptocurrency exchange transactions are made. Although a market is a good analogy of how some financial instruments are traded, it's not a physical place like a market. Trade takes place in the virtual world, the exchange is made on the website. In short, a cryptocurrency exchange is an intermediary whose task is to connect two parties to the transaction, those who want to sell with those who want to buy. And this intermediary receives remuneration in the form of a commission for associating the parties to the transaction. Read next: A dive into the second largest cryptocurrency platform in the world - Ethereum| FXMAG.COM For example, let's go to the Binance exchange, to the tab of a specific cryptocurrency pair. We will see here, first of all, a chart, i.e. how the price of a given cryptocurrency pair has changed in the past, we are also able to see the last transactions that have been made between users and, of course, it is on their basis that the price chart is created, and finally what is most important from the perspective of people who want to make a transaction, i.e. current buy and sell orders. The more of them, the greater the liquidity and depth of the market. The price chart, price, current orders and volume are definitely the most important information, which also in a very blunt way inform us about whether a given cryptocurrency exchange is worth our attention. Uses of crypto exchanges On the cryptocurrency exchange, we can sell or buy a specific cryptocurrency, tokens for FIAT, i.e. fiat currency, or exchange it for another cryptocurrency. How extensive the offer of a given stock exchange is largely determined by the exchange itself, but also regulatory issues come into play, in particular when it comes to exchange for fiat currencies. Unfortunately, regulations are changing, and often they are simply missing. In order to make transactions, you need to register, this process will be explained in detail later. After registration, we will get access to the functionalities that a given exchange offers us. And here an important note, in the world of cryptocurrencies, security is extremely important. The key is, among other things, how we store our cryptocurrencies. Generally, we should hold them on the stock exchange as long as necessary. Cryptocurrency wallets provide much more security. This does not mean that the exchange is a dangerous place in itself, but it is definitely more vulnerable to, for example, any attack than a hardware wallet. In addition, in the case of cryptocurrency exchanges, there is also the issue of trust. Of course, the level of security is improving, but the sheer size of the exchange does not guarantee full security. It is necessary to cite the example of the Mt.Gox exchange , which was established before the creation of Bitcoin. Exchanges, this one in 2013 accounted for over 70% of the entire volume on the market! On February 24, 2014, the exchange completely suspended trading on the platform, and after a few more hours it disappeared from the network. As a result of the attacks, 850,000 bitcoins with a value of about $0.5 billion at the time disappeared from the exchange. Unfortunately, this is not an isolated case, you can read about FCoin, Bitmarket , Cryptopia. There is also the example of QuadrigaCX, an exchange about which Netflix made the documentary "Trust No One: Hunting the King of Cryptocurrencies", although this is a slightly different case because the owner was a fraud before establishing the exchange and the exchange itself was focused on stealing and cheating its users from the very beginning. Price differentiation between exchanges There are several hundred cryptocurrency exchanges, which brings a large selection, but also makes the competition on this market huge. With the rest, just like in normal business, there are bankruptcies, and here it is. Why can the prices on different exchanges of the same instruments differ from each other? First of all, because the price is decided by users when making transactions. For example, when, on the Binance exchange, we have a lot of investors making transactions in pairs with bitcoin on another exchange, these investors can be only a few hundred. The market is decentralized, there is no one place where all orders from each user land, and this means that differences must exist. This makes it possible to use arbitrage strategies that reduce these differences. Just a few years ago, these strategies were extremely profitable. Currently, due to the maturation of this market, we have fewer and fewer such opportunities. Cryptocurrency exchanges are divided by the type of instruments offered and the ownership form. We have spot exchanges, derivatives exchanges and exchanges offering both spot and derivative instruments. Spot instruments are simply the purchase or sale of a specific cryptocurrency, a token. Derivatives are instruments that give us access to financial leverage and their price depends on the underlying instrument. For ownership reasons, exchanges are divided into centralized and decentralized, i.e. DEX exchanges. In the case of decentralized exchanges, we do not transfer funds to the exchange, but the exchange takes place between users' wallets. Compared to centralized exchanges, their interface is usually less friendly, they have less liquidity, and they do not offer customer service. Their greatest advantage is the control of their own funds by users. The world of cryptocurrencies is changing dynamically and cryptocurrency exchanges are competing for users. More than 10 years after the creation of Bitcoin, we can see the trend of exchanges creating real ecosystems. The exchanges, as in the case of Binance , are accompanied by payment systems, payment cards, staking opportunities, cryptocurrency mining or the possibility of investing in another gold rush, which is NFT.
Ethereum Follows Bitcoin And Actively Develops A Recovery

Ethereum Follows Bitcoin And Actively Develops A Recovery

InstaForex Analysis InstaForex Analysis 30.11.2022 12:13
The events of November finally plunged the market into an abyss of fear and mass capitulations. According to a report by Glassnode, whales sold more BTC and ETH coins in November. A similar position was taken by miners because of the enormous losses. Despite this, investors continue to believe in cryptocurrencies and actively increase their investments. Analysts at Santiment note that euphoric moods have peaked in the last three months. First of all, this can be seen in the "shrimp" (> 1 BTC), which are actively buying out the current price drop. For the first time in the past two months, wallets with balances up to 100,000 BTC have joined them. It is also reported that the ETH network has set a staking record for the main altcoin in the region of 15.39 million ETH. ETH/USD Analysis Ethereum, like the entire market, is heavily dependent on Bitcoin at the current stage, and therefore the movement patterns are almost identical. During the current trading week, the market cooled down and moved to the phase of active accumulation. This allowed the market to move to the stage of recovery movement. Ethereum has become one of the coins that has benefited the most from the current recovery movement. The asset has risen in price by 9.5% over the past seven days, and the daily gain was 5.5%. The upward movement is also accompanied by an increase in on-chain metrics activity. Ethereum has come close to the upper border of the "triangle," within which the altcoin has been trading since the beginning of November . The cryptocurrency formed the second confident green candle in a row and consolidated above $1,250. Technical indicators on the daily chart indicate that the altcoin's upward trend continues. The RSI index continues to rise, which indicates the superiority of buyers and the development of bullish momentum. The Stochastic Oscillator and MACD have formed a bullish crossover and are moving in an upward direction. The identical movement of the two indicators indicates the formation of a short-term upward trend with gradually increasing trading volumes. ETH/USD on-chain analysis Ethereum on-chain metrics do not show such an iron bullish trend as technical indicators. The formation of upward dynamics is observed only in the indicator of the number of unique addresses in the ETH network. For further growth of ETH/USD quotes, the volume of daily trading should also increase beyond this indicator. There is an active accumulation of cryptocurrency by large investors with wallets up to 100,000 ETH. At the same time, "shrimps" and "sharks" continue to sell their stocks or remain neutral. As of writing, on-chain activity does not confirm the strength of technical metrics, which may prevent the final assault on the upper border of the $1,080–$1,300 channel. Results Ethereum follows Bitcoin and actively develops a recovery movement. To begin the implementation of a short-term bullish movement, the altcoin needs to gain a foothold above $1,300. As of writing, ETH hit $1,270 and faced bearish resistance. The asset retains chances to continue its bullish movement, and in case of consolidation above $1,300, ETH may reach the level of $1,350–$1,450. However, in case the storm of the $1,300 level is unsuccessful and the price falls below the level of $1,150, the bullish idea is cancelled. Relevance up to 09:00 UTC+1 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. Read more: https://www.instaforex.eu/forex_analysis/328573
According To Cory Klippsten Etherum and Solana are "bad coins"

According To Cory Klippsten Etherum and Solana are "bad coins"

InstaForex Analysis InstaForex Analysis 30.11.2022 14:38
Crypto Industry News: Etherum is a 'fraud' that will eventually 'explode' like FTX as Bitcoin becomes the primary global form of money According to Cory Klippsten, CEO and founder of Swan Bitcoin, in the long run, BTC will become the primary form of money in the world, replacing the US dollar and other fiat currencies and beating altcoins: "It is very likely that Bitcoin will continue to grow in size, market capitalization, price and purchasing power for decades and become the world's money, which is likely to replace the US dollar in the long run," he said. 30 years, but it could also be something that won't happen until the next century." Suggesting that altcoins like Etherum and Solana are "bad coins", Klippsten stated that unlike Bitcoin, they cannot hope to become a form of money. He also said that Ethereum is a "scam" that will eventually "go up in the air." "Someone can issue and control the money supply in these altcoins and change the code whenever they want," he stated. . Klippsten, who correctly predicted the fall of Celsius, Luna/UST, and FTX, spoke to Michelle Makori, editor-in-chief at Kitco News. Technical Market Outlook: The Ethereum cryptocurrency has been seen moving higher as the bounce continues above the level of $1,231. The recent local high was made at the level of $1,280 (at the time of writing the article), however, the market has entered an extremely overbought levels. The intraday technical resistance is located at $1,1288. The momentum is strong and positive, so the move up is backed up by bulls. Please notice the fact, that Ethereum lost more than 37% in November alone as the crypto winter continues and any up move should be considered as the upward correction during the long-term down trend.     Weekly Pivot Points: WR3 - $1,253 WR2 - $1,213 WR1 - $1,190 Weekly Pivot - $1,173 WS1 - $1,150 WS2 - $1,133 WS3 - $1,093 Trading Outlook: The Ethereum market has been seen making lower highs and lower low since the swing high was made in the middle of the August at the level of $2,029. The key technical support for bulls at $1,281 was broken already and the new yearly low was established at $1,074. If the down move will be extended, then the next target for bears is located at the level of $1,000.   Relevance up to 09:00 UTC+1 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. Read more: https://www.instaforex.eu/forex_analysis/303166
Several US States Are Investigating Several Major Crypto Companies

Several US States Are Investigating Several Major Crypto Companies

InstaForex Analysis InstaForex Analysis 01.12.2022 08:59
Crypto Industry News: Alabama and several other US states are investigating several major crypto companies, including Genesis The investigation is allegedly into potential securities breaches and links with retail investors. According to November 25 reports, lending firm Genesis Global Capital and other crypto firms are under investigation by US securities regulators. Joseph Borg, director of the Alabama Securities and Exchange Commission, confirmed that his state and several other states are involved in investigations into Genesis' alleged ties to retail investors, and whether the platform and other cryptocurrency companies may have violated securities laws. This information was provided by Barron's. It is not yet known which other companies have also been taken under the scrutiny of administrative authorities. Technical Market Outlook: The Ethereum cryptocurrency has been seen moving higher as the bounce continues above the level of $1,288. The recent local high was made at the level of $1,308 (at the time of writing the article), however, the market has entered an extremely overbought conditions. The intraday technical resistance is located at $1,1288, but the next target for bulls is seen at $1,343. The momentum is strong and positive on the H4 time frame chart, so the move up is backed up by bulls. Please notice the fact, that Ethereum lost more than 37% in November alone as the crypto winter continues and any up move should be considered as the upward correction during the long-term down trend. Weekly Pivot Points: WR3 - $1,253 WR2 - $1,213 WR1 - $1,190 Weekly Pivot - $1,173 WS1 - $1,150 WS2 - $1,133 WS3 - $1,093 Trading Outlook: The Ethereum market has been seen making lower highs and lower low since the swing high was made in the middle of the August at the level of $2,029. The key technical support for bulls at $1,281 was broken already and the new yearly low was established at $1,074. If the down move will be extended, then the next target for bears is located at the level of $1,000.   Relevance up to 08:00 2022-12-02 UTC+1 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. Read more: https://www.instaforex.eu/forex_analysis/303325
Ledger Wallets Also Now Support CRO Holdings | MakerDAO And Increasing The DAI Savings Rate

Ledger Wallets Also Now Support CRO Holdings | MakerDAO And Increasing The DAI Savings Rate

Crypto.com Accelerate the... Crypto.com Accelerate the... 01.12.2022 12:59
Ethereum staking withdrawals enter the testnet stage. Gas usage on Ethereum L2 networks reaches record monthly high. Aave proposes governance changes after failed US$60M short attack. Weekly DeFi Index This week’s market cap and volume indices were positive at +8.02% and +5.48%, respectively, while volatility index was negative at -4.55%. Check the latest prices on Crypto.com/Price New Project Spotlight Crypto.com announced Ledger support for its Crypto.com Wallet Extension. Users can now import and confirm transactions using their Ledger hardware wallet, allowing for a more secure experience when interacting with dApps. Ledger self-custodial wallets also now support CRO holdings on Cronos (in addition to the Crypto.org Chain). Users can easily manage their CRO through the Ledger Live app from the security of their Ledger wallets. News Highlight Ethereum staking withdrawals have entered the testnet stage. Developers have launched a multi-client devnet to test the unlocking of Ether staked, and the withdrawal will be part of the Shanghai upgrade.  Gas usage on Ethereum Layer-2 networks just hit a record all-time monthly high, seeing over 103 billion gas used — a huge leap from 33.2 billion at the start of the year. The fees were mainly used to validate transactions and operate bridges in Layer-1.   In light of the recent failed US$60 million short attack on Aave, the project’s contributors proposed governance changes to cover $1.6 million in Aave’s bad debt. Another separate proposal has been drafted, calling for temporarily freezing certain assets on the platform to prevent further market attacks.  Compound Finance users have also passed a proposal to impose new borrow limits on 10 of its assets, with the goal to reduce risks relating to liquidity, market changes, and price manipulation and exploits, among others.  MakerDAO‘s governance forum has voted to hike the DAI savings rate up to 1%. The proposed changes aim to ensure liquidity to maintain DAI stability and to take the staking yields to be on par with yield offered by other DeFi protocols such as Aave and Compound.  DEX aggregator 1inch releases Rabbithole, a new feature that will protect users from ‘sandwich attacks’ — a type of crypto front-running that involves controlling asset prices by placing two orders and surrounding pending transactions. Rabbithole works by sending swap transactions directly to validators while avoiding the mempool, where it is vulnerable to sandwich bots’ attacks.  Ethereum software firm Consensys updated its privacy policy, outlining how it  “collects, uses, shares, and stores personal information of users of its websites” through its on-chain wallet service Metamask. Recent Research Reports     Argentina 2022 Survey: Argentines Are Increasingly Keen to Adopt Cryptos and NFTs: Crypto.com recently commissioned a survey of more than 2,000 Argentines to find out more about their investment preferences, knowledge, and opinions on crypto and NFTs. Research Roundup Newsletter (October 2022): In this issue, we cover our recent Bloomberg Terminal integration, a special research report for the Singapore Fintech Festival, and feature articles on NFT financialisation and utility. Alpha Navigator (October 2022): We look at crypto industry performance in October, including ETH’s short-term correlations with equities reducing. Is the Fed pivoting on rate tightening policy?         Argentina 2022 Survey: Argentines Are Increasingly Keen to Adopt Cryptos and NFTs: Crypto.com recently commissioned a survey of more than 2,000 Argentines to find out more about their investment preferences, knowledge, and opinions on crypto and NFTs.   Research Roundup Newsletter (October 2022): In this issue, we cover our recent Bloomberg Terminal integration, a special research report for the Singapore Fintech Festival, and feature articles on NFT financialisation and utility.   Alpha Navigator (October 2022): We look at crypto industry performance in October, including ETH’s short-term correlations with equities reducing. Is the Fed pivoting on rate tightening policy? 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 in this report are registered trademarks of their respective owners.
Porsche NFT Collection Will Hit The Market In January 2023

Porsche NFT Collection Will Hit The Market In January 2023

InstaForex Analysis InstaForex Analysis 02.12.2022 10:08
Crypto Industry News: The German manufacturer has prepared the NFT collection, which is to consist of over 7,000 items tokens. This one will be inspired by the classic model - the Porsche 911. The tokens will hit the market in January 2023. The initiative is led by a designer and 3D artist from Hamburg, Patrick Vogel. We know that every NFT buyer will be able to personalize their token. It is about the so-called "route" that will include "lifestyle, performance and heritage". Each such "route" is intended to reflect individual "aspects of Porsche's premium brand identity". Sounds mysterious, but that's not all. The data collected in this way will be needed by Vogel, who is then to prepare NFT as a special 3D resource based on Unreal Engine 5. In addition to personalizing their NFTs, buyers will also be able to participate in brand experiences in the virtual and real world. Porsche, however, does not intend to stop at NFT. The company is also working on integrating blockchain technology with its systems. Technical Market Outlook: The Ethereum cryptocurrency has made the recent local high at the level of $1,308 into extremely overbought conditions. The intraday technical resistance is located at $1,1288, but the next target for bulls is seen at $1,343. The upside might be limited due to the fact, that the level of $1,300 is the upper channel line, so a pull-back towards support is welcome. The momentum is strong and positive on the H4 time frame chart and is coming off the overbought levels. Please notice the fact, that Ethereum lost more than 37% in November alone as the crypto winter continues and any up move should be considered as the upward correction during the long-term down trend. Weekly Pivot Points: WR3 - $1,253 WR2 - $1,213 WR1 - $1,190 Weekly Pivot - $1,173 WS1 - $1,150 WS2 - $1,133 WS3 - $1,093 Trading Outlook: The Ethereum market has been seen making lower highs and lower low since the swing high was made in the middle of the August at the level of $2,029. The key technical support for bulls at $1,281 was broken already and the new yearly low was established at $1,074. If the down move will be extended, then the next target for bears is located at the level of $1,000.   Relevance up to 09:00 2022-12-03 UTC+1 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. Read more: https://www.instaforex.eu/forex_analysis/303493
The Close Relationship With BTC Does Not Allow The Altcoin To Move On Its Own

The Close Relationship With BTC Does Not Allow The Altcoin To Move On Its Own

InstaForex Analysis InstaForex Analysis 02.12.2022 13:29
The cryptocurrency market meets Friday in a lazy mood, which is reflected in the quotes of the main cryptocurrencies. Over the past day, the market capitalization of all digital assets has decreased by almost 1%, which is a significant decrease in the current conditions. Inflation triggers bullish momentum Despite this, the fundamental news background remains positive and neatly spoils the market, where we should expect the next bullish impulse reaction. Fed Chairman Jerome Powell noted that the main signal to reduce inflation will be the PCE Price Index statistics. According to the released data, the economic indicator rose +6% in October. In September, the metric reached 6.3%. The presence of a downward trend in the PCE metric indicates a continuation of the downward trend in the inflation rate. This means that the next inflation report could trigger a boom in high-risk asset markets. Given this, we should expect increased volatility and attention of crypto investors to the next inflation report. Read next: Steen Jakobsen: ECB strategy is praying, hoping and waiting... not exactly action which gives hope for real economy| FXMAG.COM Negative factors With all the positive developments in the fight against inflation, the price of Bitcoin and other cryptocurrencies remains at the local bottom. This provokes huge losses of related industries, which, in turn, negatively affect the upward potential of cryptocurrencies. Bitcoin's hash rate has reached 300 EH/s again, while the price remains near $17k. This provokes one of the largest sell-offs among miners in history. Over the past day, the reserves of mining companies have fallen by 10,000 BTC. In addition, miners sell BTC mining equipment to cover running costs. There have also been reports that mining firms are using hardware as collateral for the loans they need to stay viable. BTC/USD Analysis Given the miners' concerns above, Bitcoin's upward movement has stalled near the $17k–$17.1k resistance level . Despite the slowdown in growth rates, the bears failed to seize the initiative and absorb the volumes of the bulls in the last days of November. As a result, Bitcoin failed to completely leave the "triangle," which means that the probability of a period of local accumulation before the beginning of next week is greatly increased. Technical metrics also point to a pause: the RSI is moving flat, while the stochastic is forming a bearish crossover. Given the divergence of technical metrics and the possibility of a decline, BTC needs to hold the $16.7k level. Otherwise, the price will go to retest $16k and below. However, in general, the activation of buyers, the growing correlation with stocks and a positive fundamental background can provoke a new monthly high. ETH/USD Analysis On the daily chart of ETH/USD, a situation similar to Bitcoin has formed. The price is near the border of the fluctuation range and has every chance to make a bullish breakout and storm $1,400 and $1,450. However, the close relationship with BTC does not allow the altcoin to move on its own, and therefore the main signal for the growth of the ETH price will be the bullish momentum of Bitcoin. Ethereum technical indicators are also echoing BTC and are in a consolidation pause. At the same time, Ethereum on-chain activity is growing, which may indicate an attempt to finally go beyond the $1,050–$1,350 range. It is also worth noting the low activity of sellers in the ETH network, which may indicate a high probability of a successful attempt by the bulls to break through $1,300 over the weekend.   Relevance up to 09:00 2022-12-03 UTC+1 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. Read more: https://www.instaforex.eu/forex_analysis/328817
Institutional Money Is Slowly Replacing The Funds Of Retail Investors

Institutional Money Is Slowly Replacing The Funds Of Retail Investors

InstaForex Analysis InstaForex Analysis 05.12.2022 10:01
Crypto Industry News: Sandy Kaul, a senior manager at Franklin Templeton, a $1.5 trillion wealth management company, believes that ETH staking opens up significant opportunities for institutions looking at the cryptocurrency market. In her opinion, this feature can become a trigger for mass adoption among institutions: "Let me say this, keep your eyes peeled for this area because he has seen some powerful products that will fill exactly the niche you are talking about." The asset management expert further says that the growth of the cryptocurrency industry reminds her of the area of hedge funds in the 2000s. Then the institutions literally rushed to market sell-offs to take the best positions and take control of the market. "I believe what happened in the hedge fund industry up to and after 2008 can be very illuminating in this situation (regarding the cryptocurrency market). We saw $2 trillion worth of assets flowing in over 3 years. That is a huge influx of money, bringing the industry closer to $3 trillion, which is roughly the level that the digital asset industry reached during the last bull market," says Sandy Kaul. According to the expert, what is happening now is a real revolution of the basic investment base. What was happening in the hedge fund market then and what is happening in the cryptocurrency industry now is the same kind of upheaval. You can also see that institutional money is slowly replacing the funds of retail investors that the latter are pulling out of the market. Thus, funds and institutions are slowly but steadily responsible for an increasing percentage of the cryptocurrency market. Technical Market Outlook: The Ethereum cryptocurrency has made the recent local high at the level of $1,308 in extremely overbought conditions, so a pull-back towards the level of $1,236 was made. Currently, the bulls are again trying to resume the rally. The intraday technical resistance is located at $1,305, but the next target for bulls is seen at $1,343. The momentum is again strong and positive on the H4 time frame chart, so the short-term outlook remains bullish. Please notice the fact, that Ethereum lost more than 37% in November alone as the crypto winter continues and any up move should be considered as the upward correction during the long-term down trend. Weekly Pivot Points: WR3 - $1,345 WR2 - $1,317 WR1 - $1,305 Weekly Pivot - $1,289 WS1 - $1,277 WS2 - $1,261 WS3 - $1,233 Trading Outlook: The Ethereum market has been seen making lower highs and lower low since the swing high was made in the middle of the August at the level of $2,029. The key technical support for bulls at $1,281 was broken already and the new yearly low was established at $1,074. If the down move will be extended, then the next target for bears is located at the level of $1,000.   Relevance up to 09:00 2022-12-06 UTC+1 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. Read more: https://www.instaforex.eu/forex_analysis/303690