The largest cryptocurrency by market capitalization and ether both spent much of Monday in the green.
The third quarter of 2022 was a rollercoaster for the price of bitcoin. BTC’s price had fluctuated wildly during this time and ended up hitting lower lows than expected. However, this has not changed investors’ convictions about the cryptocurrency. As the third quarter drew to a close, there had been a massive withdrawal spree from centralized exchanges, which led to more than $600 million in outflows. Bitcoin Outflows Grow The last day of September has proven to be an important trading day for bitcoin. Given that it was both the last day of the month and a Friday, meaning the close of the trading week, bitcoin investors seemed to have taken this as a sign to move their BTC off exchanges. Related Reading: Trade Activity Shows Ethereum Whales Are Seeking Refuge In Stablecoins Data shows that on this last day, investors moved 34,723 BTC out of centralized exchanges. This came out to Rond $668.07 million at the time of the withdrawals. It also follows the accumulation trend that has been gaining momentum since mid-September. This happened while the digital asset trended below $20,000, and it is now apparent that this accumulation trend had been behind the brief spike above $20,000 on Friday. More than 34k BTC leaves exchanges in one day | Source: Santiment On-chain data aggregator Santiment notes that this is the 4th largest daily BTC outflow that has been recorded for the digital asset in 2022. Additionally, it is also a new 3-month record for the digital asset. Part of a large “bank run” that has seen the BTC held by centralized exchanges drop by more than 60,000 over the weekend. Can This Trigger A Breakout? For bitcoin, such large removal of BTC from centralized exchanges is always a bullish indicator. Investors tend to do this when their long-term conviction is high, and they want to safeguard their coins as they hold out for the future since it is common knowledge that “Not your keys, not your coins.” What this does is remove a substantial supply of bitcoin from the open market, leading to a supply squeeze. Demand has also been on the rise for the digital asset, which means buy pressure is mounting. Santiment also notes in its post that the last time that the digital asset had seen such a massive movement of coins off exchanges, BTC’s price had rallied more than 22% in the next month. BTC settles above $19,000 | Source: BTCUSD on TradingView.com Interestingly, October has always been a historically bullish month for BTC and the general crypto market. This means that a rally from this present level could see the price of bitcoin hit $23,000 over the next 4 weeks. However, it is also important to bear in mind that the worst of the bear market is not over. So while a breakout is possible, it will be hard for bitcoin to maintain such high levels, and a downward correction could lead to new lows. Related Reading: Why Bitcoin, Ethereum May Not Be The Best Plays For The Next Bull Market Bitcoin is trading at $19,189 at the time of this writing. This puts it 10% below its 50-day moving average of $21,234. The next significant resistance point lies at $19,900, while the digital asset is seeing mounting support at $19,050. Featured image from CryptoSlate, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
The high-value sale on OpenSea continues a trend of celebrity estates minting postmortem memorabilia on the blockchain.
UNI price creates more bullish sentiment as price forms rounded bottom below key resistance as price aims to break above. UNI closes the week with two bullish candlesticks. The price of UNI breaks and holds above 8 and 20 EMA. Uniswap token (UNI) has had a rough start to the year and has failed to hold key support as the price of Uniswap token (UNI) had a spiral from a high of $45 to the current price of $6.5 as price aims to break out from its long downtrend movement. The price of UNI has struggled to keep up with Bitcoin’s (BTC) range movement as this has affected most altcoins, including the price of UNI. (Data from Binance) Related Reading: LUNC Price Gains 50% Despite Kwon’s Troubles, What’s Driving It? Uniswap Token (UNI) Price Analysis On The Weekly Chart The cryptocurrency market hasn’t had the best price movement in recent times, but that doesn’t mean that some crypto assets haven’t shown great strength in bouncing from their lows and breaking out of their downtrends to establish bullish momentum. Despite showing less price movement in recent weeks, the price of UNI has continued to trade below the key resistance level of $6.6, preventing a rally to new highs. UNI’s price fell from a high of $45 to a low of $3.5 as it bounced off that region, quickly rallying off to a high of $8, but the price was rejected as it continues to struggle to break out of its price range. The price of UNI ended the week looking more bullish as bulls pushed the price to break the resistance at $6.7, setting up a more bullish price movement for the price of UNI ahead of the new week. The price of UNI must break and hold above $6.7 in order to rally to a higher region with more bullish sentiments; if the price of UNI is rejected from this region, we may see the price retest a $5 region acting as good support zones. Weekly resistance for the price of UNI – $6.7. Weekly support for the price of UNI – $5. Price Analysis Of UNI On The Daily (1D) Chart The price of BEL on the daily timeframe continues to look bullish as the price forms a rounded bottom as the price breaks out of the neckline resistance. The price of UNI trades at $6.7 as the price attempts to break above the 50 and 200 Exponential Moving Average (EMA). The price at $6.3 corresponds to the price at 50 and 200 EMA for UNI on the daily timeframe. The Relative Strength Index for UNI on the daily timeframe is above 45, suggesting less buy volume. Daily resistance for the UNI price – $6.7. Daily support for the UNI price – $5. Related Reading: Is Bitcoin ‘Uptober’ About To Begin? | BTCUSD Analysis October 3, 2022 Featured Image From themarketperiodical, Charts From Tradingview
EthereumMax and the EMAX token won investors over with big promises and flashy names. But has it delivered?
Binance’s scheme destroyed only 0.08% of the token’s bloated supply, too minuscule to have a lasting impact on the hyperinflated token.
The ruling came the same day a group of crypto lawyers and developers filed to join the CFTC’s case against Ooki DAO.
YPF is currently supplying power for a 1 megawatt operation and plans to launch a second project eight times larger before the end of the year.
“Whale” investors moved a large volume of bitcoin off exchanges. The trend is often a bullish signal, suggesting investors are more interested in holding their bitcoin. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s cry…
“We failed at doing the very thing that we do best, which is to involve the community in the creative process,” says an Azurbala co-founder.
In this episode of NewsBTC’s daily technical analysis videos, we review a variety of technical and fundamental signals on the Bitcoin price monthly chart to see if we are getting closer to a bottom in crypto. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): October 3, 2022 The monthly closed with a doji candle, which typically forms at a point of indecision before either a reversal, or strong continuation. Past monthly dojis have commonly preceded short- and long-term turning points in crypto. The September monthly candle was the first ever monthly close below Bitcoin’s former all time high set back in December of 2017. Although Bitcoin was clearly overvalued back then, it is hard to imagine in today’s world that the top cryptocurrency is still overvalued a full five years later. Related Reading: Bitcoin And The Golden Ratio Bottom | BTCUSD Analysis September 29, 2022 Bearish BTC Momentum Begins To Wane… Maybe The October monthly candle opened with pink on the LMACD histogram. This signal in the past put bear markets back into hibernation mode for at least a year or more, and suggests a major shift in momentum. But October must close bullish to confirm and cement the change in color on the Bitcoin monthly chart. The monthly Relative Strength Index remains the lowest in Bitcoin history, but is grinding along the bottom of a downward sloping channel. The same downward slope has connected past RSI peaks. Bitcoin bearish momentum might be weakening | Source: BTCUSD on TradingView.com Bitcoin Investors Could Be Getting Over Their Loss The Coppock Curve has also finally touched down at the same level where past bear market bottoms have occurred. Time cycle tools also suggest there could be some rhythmic behavior to Bitcoin that is about to unfold. The Coppock Curve was created by E.S.C. Coppock, who was asked by his church to identify long-term buying opportunities for investors. It is based on the idea that it takes between 11 and 14 months for a bear market to end, as that’s roughly how long it takes for a human to get over mourning a significant loss. Bear markets take at minimum 14 months | Source: BTCUSD on TradingView.com Related Reading: Bitcoin & The Global Currency Meltdown | BTCUSD September 28, 2022 Did Satoshi Call The Bottom In Crypto? Another possible bottom signal isn’t technical, but fundamental. Bitcoin price has now been in the lower range of the cost of production at about the same length of time as the 2018 bear market bottom. This is notable, because in commodities, prices bottom out near the cost of production. Even Bitcoin’s creator, Satoshi Nakamoto spoke of this. “The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price.” Has Bitcoin bottomed at the cost of production? | Source: BTCUSD on TradingView.com Learn crypto technical analysis yourself with the NewsBTC Trading Course. Click here to access the free educational program. Here is a $49 discount pass to 21 Days To Better Crypto Trading by @elliottwaveintl. It gets you instant access to 3 learning resources on how to trade crypto using EW, the Crypto Trader’s Classroom service, & on Oct.5, access to the Crypto Pro Service ➡️https://t.co/ICKzvNnvG5 pic.twitter.com/gAyKxTdQNl — Tony “The Bull” Spilotro (@tonyspilotroBTC) September 28, 2022 Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com
The protocol will use tokens to incentivize users to submit accurate information.
A destacados analistas cripto les preocupa que la consolidación de precios de bitcoin indique que se avecina una caída más profunda, tal como sucedió hace cuatro años.
Ethereum is following the general sentiment in the market as Bitcoin and other cryptocurrencies make a run towards previous highs. The second cryptocurrency by market cap knocked some gains over today’s trading session but seems poised for a re-test of its lows before moving to the upside. Related Reading: LUNC Price Gains 50% Despite Kwon’s Troubles, What’s Driving It? At the time of writing, Ethereum (ETH) trades at $1,300 with a 2% profit in the last 24 hours and in the last week. Unlike in previous rallies, ETH’s price is lagging larger cryptocurrencies, such as Bitcoin, the number one crypto that records a 4% profit over the same period. Ethereum At Critical Point, Will It Finally Breakout? Today’s bullish price action seems to be prompted by a rebound across legacy financial markets, the S&P 500 and Nasdaq 100 have been trading in the green giving cryptocurrencies room for a run. The bullish price action is leading to a change of sentiment across the digital asset class as investors turned optimistic. Over the weekend, with traditional markets close, the situation was different and market participants were gearing up for a potential leg down. According to a pseudonym trader, Ethereum saw a spike in Open Interest (OI) against the U.S. dollars. This increase in OI was recorded as the cryptocurrency trended to the downside. Therefore, the analyst claims that the metrics hinted at a spike in short (sell) positions from traders expecting further downside in the short term. The liquidity provided by these short positions accumulates to the upside, making each rally stronger and fueling further bullish momentum. However, the analyst believes the market might take this upside liquidity before re-testing support levels. The pseudonym trader wrote the following via his official Twitter account: I said yesterday that there was a lot of short build up on $ETH. They’re getting squeezed now. Once that’s done it gets slapped back down I think. Looks like a clean short set-up. Related Reading: Quant Explains How US Stock Market Volumes Influence Bitcoin Price In case of potential downside, data from Material Indicators shows that the area between $1,280 and $1,250 has the biggest concentration of bid (buy) liquidity on low timeframes. These levels might provide the bulls with strong support to either resume the bullish momentum or send ETH back into accumulation mode.
The top U.S. financial regulators are warning of dangerous holes in the oversight of crypto and are asking Congress for more powers, including settling which agency will oversee the bulk of trading in bitcoins and other non-security tokens.
A quant has explained how there is a connection between the recent trends in the US stock market volumes and the Bitcoin price. TradFi Depth Oscillator Has Hit A Low And Is Now Turning Back Up As explained by an analyst in a CryptoQuant post, the volume depth in traditional finance markets has been low recently. The “TradFi volume” is a measure of the total amount of transactions that buyers and sellers are making on the US stock market. There is a concept called “market depth,” which is the ability of any market to take in large orders without impacting the price of the commodity much. Generally, the more orders there are in a market, or simply, the higher its volume, the stronger the depth of the asset. However, something important is that these orders should be spread evenly within the market, otherwise the depth wouldn’t be as great. Related Reading: Bitcoin Bullish Signal: Exchange Outflows Spike Up Using an oscillator, the cyclical trend in the depth of any asset can be noticed. Here is a chart that shows how the US stock market volume depth oscillator has changed its values during the last few months: The value of the metric seems to have been turning around in recent days | Source: CryptoQuant As you can see in the above graph, the quant has marked the relevant zones of trend between the Bitcoin price and the TradFi volume depth oscillator. It looks like whenever the indicator has transitioned from positive to negative values, the value of the crypto has observed bearish winds. Related Reading: Here Is How Uniglo.io (GLO) Has Infinitely More Use Case Than Bitcoin (BTC) And Dogecoin (DOGE) On the other hand, the metric crossing the zero line the opposite way has lead to a bullish trend for the price of BTC. Bitcoin has also seen local bottom formations around the points where the stock market volume depth oscillator itself has hit lows. About a week ago, the indicator hit very low values that were comparable to those between February and March 2020. Since then, the metric has started turning back up. The analyst believes that this recent trend formation could imply that Bitcoin may see a respite soon, and bounce to levels between $21.5k to $24.5k. Bitcoin Price At the time of writing, Bitcoin’s price floats around $19.2k, up 2% in the last seven days. Over the past month, the crypto has lost 4% in value. The below chart shows the trend in the price of the coin over the last five days. Looks like the value of the crypto has been stuck in consolidation during the past few days | Source: BTCUSD on TradingView Featured image from Traxer on Unsplash.com, charts from TradingView.com, CryptoQuant.com
Matthew Price, head of intelligence and investigations of the Americas, joined CoinDesk TV’s “First Mover,” to discuss what role the largest cryptocurrency exchange is playing as it spearheads a global training program for law enforcement officials.
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Over the last week, the crypto space has been saturated with news of the hunt for Terra (LUNC) founder Do Kwon. The South Korean founder is now being hunted by both South Korean authorities, as well as Interpol, which means Kwon is now wanted in 190 countries. However, Kwon’s troubles seem not to have affected the price of LUNA Classic (LUNC), as it continues to see green even when the broader market suffers losses. LUNA Classic Grows 50% Speculations around the performance of LUNA Classic (LUNC) had risen drastically once Kwon was officially declared wanted by the authorities. It was mostly expected that the digital asset would take a beating from the resulting decline in positive sentiment among its investors, but this has not been the case. LUNC has instead shaken off these incredibly bearish developments and has been one of the market leaders in terms of gains. Related Reading: Why Bitcoin, Ethereum May Not Be The Best Plays For The Next Bull Market Over the last 7 days, the price of LUNC is up more than 58%, whereas its larger counterparts, such as Bitcoin and Ethereum, have been seeing single-digit and negative gains. The daily trading volume of the cryptocurrency remains high, with almost a billion dollars in volume reported by Coinmarketcap. LUNC had also successfully knocked off another zero over the past month to bring its trading price to the $0.0003 level. LUNA Classic trending at $0.00032 | Source: LUNCBUSD on TradingView.com Even coming out of the weekend of low performance in the crypto space, LUNC has begun to turn towards green, already up 1.80% in the last hour as of the time of this writing. It also shows no sign of decline at this time as it continues to receive massive support from crypto traders. Why Is LUNC Price Up? Since the collapse of the Terra network, there have been some strides made in an effort to restore it by those who refuse to give up on it. It was a long time in the making, but the community had eventually agreed on a 1.2% transaction fee on all transactions, which are then sent to a burn wallet to reduce the available supply of the token. Binance, the largest crypto exchange in the world, had also joined in this effort to support LUNC’s price by announcing that it would be burning all fees realized from LUNC trading on its platform. LUNC’s price had surged more than 60% off the back of the announcement alone as the crypto exchange announced that it would be carrying out a scheduled weekly burn every Monday. Related Reading: Trade Activity Shows Ethereum Whales Are Seeking Refuge In Stablecoins Another factor that has been propping up the price of LUNA over these past couple of weeks has been rumors that have been circulating that LUNC was going to get listed on some important platforms. These trading platforms include Robinhood and Coinbase, a move that would instantly drive up the value of any cryptocurrency. However, these are just rumors for the time being. Nevertheless, LUNC remains a fan favorite over this time due to its high volatility. Its already established community is also a draw for investors who believe that the digital asset could return to its past glory. But with its founder currently rumored to be on the run from authorities, it is unlikely these large trading platforms will pick it up. Featured image from Finbold, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
The crypto firm scored a procedural victory last week in part of its legal defense against the SEC. But it may not help its case.
The reception of Chainlink among crypto enthusiasts has been positive. The ecosystem’s transaction volume has surpassed $6 trillion, according to the project’s official Twitter account. Because of this rise, the number of native integrations in the ecosystem rose from 12 to 15. At this point, it appears that Chainlink may be en route to the proverbial moon. Shouldn’t a price increase coincide with improved metrics? No, not quite. The on-chain stats for LINK don’t look good, according to the statistics provided by Santiment. Related Reading: Ethereum Sees Surge In Number Of New Addresses – Will ETH Shine This October? Chainlink Market Cap Down As of this writing, there has been significantly less progress made on the LINK chain than in previous months. The value of Chainlink’s stock on the market is likewise much lower. The market cap for LINK on October 2 was $284,961,375, a decline of 78.06% from its all-time high of $1,299,905,978 on September 29, data from CoinGecko show. A downward trend may be forming. However, at this time, Chainlink’s price is quite volatile on the intraday and 4-hour time frames. LINK’s historical volatility is rather high, ranging between 64.75 and 50.27, indicating that its price frequently fluctuates between ranges. The Stoch RSI figures are also falling, although the relative strength index of the coin is quite constant. Although the coin’s performance indicates a downward trend, LINK HODLers may still have reason for optimism. Chart: TradingView.com LINK Investor Confidence Up According to statistics from CryptoQuant, LINK exchange reserves are currently below average. This may suggest that the coin is not undergoing a significant selling pressure. This is depicted on the graphs as a price increase. As of the time of writing, LINK is up 2.26 percent on a 4-hour scale. The price of the coin fluctuates between $7,026 and $6,574. These two support levels are significant, as any breach by the bears might cause a sell-off that pushes the price below $6. The chart also reveals a head-and-shoulders shape, which can act as a development impediment. However, as of this writing, the token has broken through and is on an intraday and 4-hour upswing. Considering the current report for the third quarter of 2022, this could indicate a rise in investor confidence. As the ecosystem continues to flourish, LINK holders should anticipate more good news in the coming days. Related Reading: Crypto Community Predicts Polygon (MATIC) To Rise Nearly 20% By October 31 LINK total market cap at $3.5 billion on the daily chart | Source: TradingView.com Featured image from Pixabay, chart from TradingView.com
Now a trillion-dollar market, the crypto ecosystem has withered some of the toughest conditions within its period of existence. However, like any other technological innovation, it is not short of native challenges. This ‘lucrative’ market faces a myri…
The Bitcoin price has been able to hold its ground over the weekend, and it’s hinting at a potential bullish week for the nascent asset class. The cryptocurrency has been stuck in a tight range for the past month, unable to reclaim and flip the area north of $20,000 back to support. Related Reading: Bella Protocol Shows Strength, Can Bulls Break A Key Resistance? At the time of writing, Bitcoin (BTC) trades at $19,400 with a 2% profit in the last 24 hours and a 3% profit over the past week. In the crypto top 10, most cryptocurrencies are trading sideways or with small profits in the last hour, as this trading session prompted low timeframe bullish momentum across the board. Bitcoin Gearing Up For The Upside, $20,500 Holds The Key Today’s bullish trading session has been supported by a rebound in traditional finance markets. Major U.S. indexes were able to rebound from last week’s downside move and have been recovering allowing Bitcoin and other cryptocurrencies to display some strength on lower timeframes. The upside move might come as a surprise to many market participants expecting more losses over the rumors of insolvency surrounding financial institution Credit Suisse. Top representatives from the bank have denied the rumors, and the markets seem to be pricing them to the upside, so far. Analyst and trader Adam Mancini celebrated the recent bullish price action for the stock market and hinted at the potential continuation of the bullish momentum. As Bitcoin and crypto continued to move in tandem with equities, the rally might be translated into further gains for the nascent asset class. Mancini wrote the following about the current price action for the S&P 500, and the longer implication: Excellent follow through in #ES_F: 3635, 3670 were my targets today & 3670 just hit. Key to note-by reclaiming 3635, this makes Fridays drop a big, failed breakdown & bottoming signal. Bulls must follow through though. 3705 next up, 3635-45 now must hold support. Stars Align For A Bitcoin And Crypto Rally? In support of the bullish thesis for Bitcoin, data from Material Indicators show a spike in buying pressure from all investors, retail, and whales. If these investors continue to bid on the price action, BTC’s price might extend its bullish momentum. However, as the chart below shows, there is considerable ask (sell) liquidity for Bitcoin above its current levels. This selling order might cap any short time rally, and prevent the cryptocurrency from reclaiming higher levels. Additional data provided by analyst Justin Bennett indicates that the U.S. Dollar continues to see weakness over today’s trading session. As NewsBTC has been reporting, the DXY Index (U.S. Dollar) bullish price action has taken its toll on risk-on assets, such as Bitcoin and equities. Related Reading: Ethereum Sees Surge In Number Of New Addresses – Will ETH Shine This October? As the currency prepares for further losses, the nascent asset class might be able to bounce further and reach the top of a channel presented by Bennett. The analyst claims that as long as Bitcoin stays above $18,700, the cryptocurrency has a chance of climbing all the way up to $26,000 in the coming weeks. No change to this. 👇 https://t.co/ICHbqXGbQr — Justin Bennett (@JustinBennettFX) October 3, 2022
The miner currently has 140 megawatts of total computing power in its two facilities.
The time it takes to register a firm depends on the quality of the information provided to the Financial Conduct Authority, the regulator told CoinDesk.
Transit Swap, a cross-chain decentralized finance (DeFi) protocol, has received 70% of stolen funds back from a hacker that exploited a smart contract vulnerability.
The Ethereum Merge upgrade is expected to haul in more new users on the network which happens to be true with the surge of new active wallet addresses on the platform. Ethereum’s new active wallet addresses climb to a new ATH of 3,001.804 ETH seen to spike in terms of social media engagements and mentions ETH price up by 0.46% as of press time According to a Twitter post by Glassnode shared on October 2, the number of new active wallet addresses on the Ethereum network recently climbed to a new ATH of 3,001.804. While it’s true that this screams a boost in investor interest in the alt, the recent plunge in market volume and sentiment seems to be in contrast to everyone’s expectations to date. The number of new active wallet addresses on the Ethereum platform is seen to have dropped in August and recovered since September. Related Reading: Crypto Community Predicts Polygon (MATIC) To Rise Nearly 20% By October 31 Spike In Number Of ETH Addresses Trigger Increase In Social Metrics The increase in the number of wallet addresses also triggered a spike in social media engagement of the altcoin. Ethereum has shown a significant improvement of 4.63% surge in terms of social mentions and also 27.6% in social engagements. The Merge has created a lot of buzz on social media especially in the past month but the overall sentiment wasn’t purely positive. In fact, Ethereum is down in terms of weighted sentiment as seen in the last few days. In addition, ETH value has also been moving downwards as seen in the past couple of days. The altcoin volume has retreated from 13.45 billion on September 30 to only 6.03 billion on October 2. On the brighter side, even with the negative public sentiment, Ethereum still managed to attract more whale investors in the altcoin. Evidently, the top 500 ETH whales have gained interest in investing and buying the crypto. The momentum of Ethereum has shown some growth as seen in the past three days indicating an increase in wallet transactions involving Ether. Ethereum Development Activity Decreasing More so, the altcoin also gained the approval of Deutsche Telekom following their announcement of planning to roll out an Ethereum validator. On the other hand, the development activity on Ethereum has been spiraling down too which implies the decrease in activity on the GitHub. The current market state has however negatively impacted Ethereum as even the Merge failed to meet expectations in terms of capital outflow. Consequently, despite the growth in terms of wallet transactions and the rise in social media engagements, the price of ETH wasn’t able to keep up with the positive sentiment. The coin is seen to recover a bit and is in the green lane as of publication. According to CoinMarketCap, ETH price has soared by 0.46% or trading at $1,304.30 as of this writing. Related Reading: Shiba Inu Fanbase Awaits Eternity Download Event – Will It Boost SHIB Price? The ETHUSD pair is trying to break past the $1,317 level on the daily chart | Source: TradingView.com Featured image from Top Trend Coins, chart from TradingView.com
Credit Suisse SIX:CSGN saw sharp falls in its shares and bonds on Monday as markets put the bank under intense scrutiny.The Swiss bank has insisted its capital and liquidity are strong, saying it will have more to say about a strategic revamp when it r…
HAK, a major seller of conserved foods such as peas, beans and apple sauce in the Netherlands, is to temporarily halt production this winter due to high energy costs, with a spokesperson saying the pause would last six weeks from January.Dutch national…
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F-Secure Corporation, Press Release, 3 October 2022 at 17:30 EESTAcquisition cost of F-Secure and WithSecure shares in Finnish taxation after demergerFinnish tax administration has issued guidance on 30 September 2022 regarding the split of acquisition…
Una mayor regulación cripto podría llevar a los usuarios a utilizar plataformas descentralizadas, dijo el banco.
The investment discovery platform includes a risk assessment feature to help combat a growing wave of DeFi exploits
New CEO Jared Grey said he plans to work out the kinks associated with Sushiswap’s internal structure that may have prompted departures in the past.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 3, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Grayscale Securities, a new broker-deal division, will handle selling shares of the company’s crypto trust products, taking over a function previously provided by fellow Digital Currency Group subsidiary Genesis Global Trading.
Increased crypto regulation could drive users to decentralized platforms, the bank said.
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Kardashian also agreed not to promote any cryptocurrencies for three years.
Bitcoin investment company NYDIG has promoted executives Tejas Shah and Nate Conrad to be its new CEO and president, respectively.
During the event, CoinEx Charity provided the schools with many elaborately prepared learning supplies.
The post CoinEx Charity Donates Supplies to Philippine Schools appeared first on BitPinas.
Prominent crypto commentators say they’re worried bitcoin’s price consolidation indicates a deeper slide is coming, just as it did four years ago.
The firm had said it plans to bring its commercial paper holdings to zero by the end of the year.
The largest crypto by market capitalization was down slightly in the opening days of the historically strong month for its price.
Ryder recently announced that it has raised a total of $1 million from different investors as it targets to create a Social Crypto Wallet.
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Mashinsky resigned as CEO last Tuesday; the company filed for chapter 11 bankruptcy protection in mid July.
The exchange says the issue was identified and a solution implemented.
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The launch of BMEX was delayed earlier this year because of market conditions, but the exchange’s CEO wants to get it launched before the end of 2022.
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Alongside the fresh capital, the company will be introducing its loyalty token, JCOIN.
Binance New Zealand has officially launched! Here’s what our leaders have to say about this strategic move and how it furthers our vision of providing global financial services.
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Indian Exchange WazirX has laid off 50 to 70 people out of a workforce of around 150, according to people familiar with the matter.
The Rugby League World Cup (RLWC) 2021 is set to kick off with a match between England and Samoa men on 15 October at St James Park and conclude in Manchester with the wheelchair final on 18 November and the men’s and women’s finals in a spectacular do…
Crypto-curious students find valuable hands-on experience and empowerment in policy elections, a typically low-participation area of the Web3 ecosystem
The original release of the blockchain implementation of Shiba Eternity occurred in Australia on September 17. Shiba Inu followed the larger market sell-off that began on September 13 and rallied nearly 7% from September 17-18. During this time span, the rally did not significantly alter market sentiment. New information about the game’s release, though, may add some hype. According to a recent tweet by Shib Rumours, the release date of the game is set for October 1. However, the latest post on the official Shiba Inu Twitter account indicates that the worldwide launch of the game will take place on October 6. SHIB has a current trading range of $0.00001073 – 0.00001154. Could the meme coin see a resurgence after the game’s release? Related Reading: Uniswap Could Slide Below Support Zone – No Demand For UNI This Week? Shiba Inu: Increasing Speed After the latest sell-off on September 18, an uptrend has been noted and has been very consistent up to the time of writing. Given that this occurred only a day after the Australia release, it’s likely that long-term token holders witnessed the price increase and sold off their holdings. During this period, the memecoin saw a pullback and plummeted 8.5% immediately. Currently, the recent price movements have created a head and shoulders pattern before to today’s breakout. During this breakout, the price increased by 2.9% Given the current state of Shiba Eternity, this price movement can be regarded as a sign of increased anticipation for the game’s October 6 release. ETH whales are also contributing to the hype train. According to WhaleStats, the top 1,000 Ethereum whales have more than $147.5 million. WhaleStats also regarded Shiba Inu as the token with the highest dollar value position. Related Reading: ApeCoin Performance Could Attract The Whales – How About The Bulls? Keeping A Close Eye On The Market Therefore, there are a few things that future Shiba Inu players and investors/traders should be aware of. One of these is that a price increase is frequently followed by a severe market correction, similar to what we experienced on September 18 following the rally on September 17. As of this writing, SHIB is trading at $$0.00001137, up 2.5 percent in the last seven days, data from Coingecko show, Saturday. As October 6 approaches, we will have a better sense of whether Shiba Inu will increase in value or decline further. SHIB total market cap at $6.29 billion on the daily chart | Source: TradingView.com Featured image from VOI, Chart: TradingView.com
Over is an augmented open-source reality (AR) metaverse.
The post An augmented reality metaverse project you can visit, collaborate, build IRL – SlateCast #22 appeared first on CryptoSlate.
Since the launch of bitcoin, there have been massive gains recorded by those that got in early and held on long enough. The same was the case with Ethereum, whose market cap grew to the hundreds of billions. However, the growth that these digital assets have already seen over the years, it has put a hamper on how much they can still grow over the coming years. This is why investors are looking elsewhere for larger gains. Bitcoin, Ethereum Gains Are Lower Over the last bull market, it became apparent that bitcoin and Ethereum will no longer be able to give the kind of returns that early investors had gotten. During the previous cycle low, bitcoin had dropped to as low as $6,000 but had reached $69,000 during its peak. This was a 10x growth for the digital asset. Related Reading: Why Most Public Bitcoin Miners Have Performed Terribly In Their Lifetimes The case was similar to Ethereum, the second-largest cryptocurrency by market cap, although it had fared much better compared to bitcoin. It had grown from its cycle low of around $100 to $4,800 at its peak. This was about a 500x growth for the digital asset. BTC grows 10x | Source: BTCUSD on TradingView.com However, their already massive growth has been putting investors off of them, not because they are not good investments but because the potential to explode exponentially has been greatly reduced. An example is that from bitcoin’s current price, even if it were to reach $100,000 per coin, it would still be a less than 10x growth. The same with Ethereum, although the digital asset does carry more potential for larger growth compared to bitcoin due to it being much younger. If ETH were to grow to $10,000 per token, it would barely be a 10x growth. Altcoins Take The Cake Altcoins had barreled ahead of market leaders such as bitcoin and Ethereum when it came to gains in the last bull market. Where these large digital assets were doing below 500x, smaller altcoins such as Dogecoin and Shiba Inu had recorded ROI in the thousands. Related Reading: Bitcoin Sees Massive Decline In On-Chain Activity Mainly, meme coins were notorious for such returns, but altcoins from other spheres had seen the same kind of growth too. FTM is a token that had traded as low as $0.2 and peaked above $3.4 during the bull market. DOGE’s price had made an impressive run-up from $0.004 to $0.7 at the height of its rally. However, these are only, but a small example of the many ways altcoin had been great investments during the bull market. With the next bull market expected to happen in 2024, it is no surprise when investors are turning to smaller cap tokens in hopes of catching the next DOGE or SHIB. Disclaimer: The following op-ed represents the views of the author, and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and financial freedom alike. Featured image from Medium, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
“College Admission” is a performance art NFT collection that takes a critical lens to the student loan debt crisis and the shame it causes borrowers.
The XRP price has increased significantly in the past 24 hours. The coin registered over 10% growth in the past day. Over the last week, the coin brought in 10% appreciation as well. Overall, XRP bulls seemed to take control of the charts. The coin could slowly attempt to trade near its next resistance mark, and with growing demand, it could get past that price mark. The support zone for that price rested between $0.43 and $0.39, respectively. It is important for XRP to get back up to $0.51, which has been acting as a rigid price ceiling for the coin. Once XRP moves up beyond $0.51, the coin will strengthen its bullish move. The technical indicator of the coin has signalled an increased bullish momentum. The buyers have returned to the market, albeit with a decline. The decrease in selling strength will help XRP to move past the $0.51 level. The global cryptocurrency market cap today is $978 billion, with a 2.2% positive change in the last 24 hours. XRP Price Analysis: One Day Chart The altcoin was trading at $0.43 at the time of writing. XRP price had rallied sharply to $0.56 and then retraced on its chart. Over the past day, however, the coin started to move up on its chart. The immediate resistance for the coin stood at $0.51 and then at $0.56. On the other hand, the support line was at $0.41 and a fall from that level would cause the XRP price to dip to $0.34. That would make the bears stronger in the market. The amount of XRP that was traded in the last session showed signs of decline, which indicated that buying strength might have dipped on the chart. Technical Analysis The altcoin was still controlled by the bulls on the one chart. The coin had gone through a pullback, which is why buying strength also fell on its chart. The Relative Strength Index was above the half-line, and that indicated an increased number of buyers as compared to sellers. If demand falls, the sellers can take over at any moment. The XRP price was above the 20-SMA line as well as 50-SMA, which indicated that demand was still quite high for the coin. It means that buyers were in control of the price momentum in the market. Related Reading: Uniswap Price Continues Bearish Spell, Can It Move Past $6? Other indicators also continued to display that buyers were present in the market. The Moving Average Convergence Divergence depicts the price momentum and overall price action of the coin. MACD was positive with green signal bars, and that meant buy signal for the coin. The green signals were receding, which could mean that there might be a price pullback over the next trading sessions. Bollinger Bands indicate price volatility and fluctuations. The bands widened, which is a signal that there could be heavy price volatility over the next trading sessions. Related Reading: Litecoin Price Recovers But The Bears Might Drag The Altcoin To $51 Featured image from NationalWorld, Charts from TradingView.com
There’s no such thing as “crypto law.” So why are so many people studying it? This article is part of CoinDesk’s “Education Week.”
As NFT winter deepens, Flip says its new fantasy league will still provide traders the “sweet adrenaline” of flipping JPEGs.
The largest cryptocurrency by market capitalization rose over $20,000 at one point in choppy trading; ether ticks upward. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
Solana (SOL) has managed to keep most of its gains over the past 48 hours while most coins bled out. The token started yesterday, September 29th, at $33.25, going as high as $34.34 at midday. Solana (SOL) suffered a loss in value on September 28th, when it dropped from $32.85 to $31.74. However, it quickly recovered before the end of the trading day and has been steadily increasing since then. The Price of SOL currently sits at $33.72 at the time of writing. Related Reading: Trade Activity Shows Ethereum Whales Are Seeking Refuge In Stablecoins SOL Holding On For Dear Life The past few days have seen most coins in the top 100 drop in value by more than 10%. SOL is one of the few tokens that have held its ground during this time. The coin price was off to a rocky start, entering the new week at $32.1. At a point, it seemed like it would rally up to $40 when it reached $35.02 on Tuesday, the 27th. However, the run was short-lived as it fell to $31.77 the next day. Later, the token left investors smiling as it slowly galloped back up to $34.34 the next day, September 29th. So far, it has kept a decent amount of profit for itself and is currently sitting at $33.89. Gains Amidst Troubled Waters SOL’s performance is nothing short of impressive, considering how volatile the market has been for other tokens. It seems like there are no signs of slowing down anytime soon, either, with the coin still holding strong at above $33. SOL’s price stays modestly above a crucial support level of $30, which serves as a good buying zone for traders. For SOL to trend upward, the price must break over $35, its weekly resistance. If the price of SOL breaks and remains over $35, it might significantly rise to the $45-$58 range. Historically, SOL pricing has found breaking out of this range tough. Based on its performance in the last three months, it’s likely that SOL will likely continue to climb higher. Some people are already predicting the token to go up to $41. An analyst on TradingView noted that a move in the US market could be a catalyst for SOL to reach the $35 mark. Social Engagement And NFTs Might Just Be What SOL Needs The past week has been an eventful one for Solana on social media. According to a recent tweet by PHOENIX, Solana was the best-performing project in terms of social activity. The token had a total of 35,100 mentions and 58.3 million engagements across social media platforms. Related Reading: Uniswap Could Slide Below Support Zone – No Demand For UNI This Week? But that’s not all. Statistics from Delphi Digital show an increase in Solana’s share of NFT trading volume. According to the tweet, Solana’s NFT volume increased from 7% to 24% in the past six weeks. This gained traction in the NFT sector can help push SOL beyond its resistance and into new heights. Featured image from Pixabay and chart from TradingView.com
Adam Zarazinski, CEO of Inca Digital, joined “First Mover” to discuss the software company’s partnership with DARPA and the need to keep crypto innovation in the U.S.
The biggest news in the cryptosphere for September 30 includes a court ruling in favor of Ripple against the SEC for the Hinman document, Bitcoin decoupling from the S&P 500 amid macro turmoil, and Crypto influencer Lark Davis denying ZachXBT’s accusations.
Bitcoin has seen some profits over today’s trading session as September’s monthly candle is coming to an end. Market participants were expecting a tight battle between bullish and bearish forces, but the cryptocurrency has been moving sideways with slight upward pressure. Related Reading: Trade Activity Shows Ethereum Whales Are Seeking Refuge In Stablecoins At the time of writing, Bitcoin (BTC) trades at $19,700 with a 2% and 1% profit over the last 24 hours and 7 days. Other cryptocurrencies in the crypto top 10 by market cap are displaying similar price action, but BTC seems to be leading the low timeframe bullish momentum. People Buy Bitcoin To Hedge Against Their Currencies Downside Trend? Data from Material Indicators shows that investors with buying orders from $1,000 to $10,000 bought into Bitcoin’s recent price action while other investors sold their coins. In that sense, a rally into the monthly close seems unlikely. However, Material Indicators also show that ask (sell) liquidity has been decreasing as Bitcoin is rejected from the area of around $20,000. If the price can resume its bullish momentum and can gain more support from larger buyers, bears might be unable to defend $20,000. This might lead BTC to higher levels, and possibly for a reclaim of the levels around $26,000, according to a report from NewsBTC. The cryptocurrency must flip $20,100 into support, analyst from Material Indicators wrote the following about BTC odds as the market heads into the monthly close: There are short term signs of a potential pump, but the crossing of key moving averages suggests the broader trend will continue down. Resist the urge to overtrade or FOMO in. Additional data provided by research firm Messari picked a spike in buying pressure from investors in the Eurozone and the United Kingdom (UK). This pressure is related to a decline in the value of their currencies as the U.S. dollar rallied to a multi-decade high. The New Narrative, Will The Fed Pivot Leading Bitcoin To New Highs? This data from Messari has been put into question by several users. Regardless of its legitimacy, this data speaks about an increasing trend in the sector: more and more market participants are highlighting the impact of central banks in the financial sector and the global economy. According to a report from Charles Gasparino, a reporter for FOX Business, members of the U.S. Federal Reserve (Fed) are aware of the negative consequences of their monetary policy. They have brought a steep downside pressure for equities and risk-on assets, such as Bitcoin. SCOOP (1/2): @federalreserve officials getting increasingly worried about “financial stability” as opposed to inflation as higher rates begin to crush bonds, several big investors tell me. Fed growing worried about possible “Lehman Moment” w a 4% FF rate as Bonds and derivatives — Charles Gasparino (@CGasparino) September 30, 2022 Related Reading: Uniswap Could Slide Below Support Zone – No Demand For UNI This Week? If the pressure inside the Fed becomes too high, the financial institution might pivot its measures, and provide some room for a relief rally across the board. Speaking on this possibility, and on why Bitcoin has been showing strength relative to legacy financial assets, analyst William Clemente said: In theory: People front-running expected CB (Central Banks) pivot by buying BTC -> Perceived BTC “safe haven” flows -> Reflexive response from other market participants? Not my base case but non-zero possibility that my mind is open to.
The regulatory body tasked with overseeing Celsius’ bankruptcy proceedings has asked a New York judge to deny the failed crypto lender’s recent motions to reopen customer withdrawals and sell off its $23 million in stablecoin holdings, calling the acti…
Adam Todd, the founder of crypto futures and spot market exchange Digitex, has been charged by the Commodity Futures Trading Commission (CFTC) for multiple violations of the Commodity Exchange Act (CEA).
For a while now, Ethereum whales have been moving their coins around. This has been a direct result of the bear market that has caused investors to lose a significant amount of their portfolios. Even now, the crypto market is still being ravaged by declining prices. The result of this has been investors seeking refuge in tokens that do not see a lot of volatility, and Ethereum whales have not been left out of this flight to safety. Stablecoins Gain Favor Over the last 24 hours, the trade activity of the top Ethereum whales has shown a big shift towards stablecoins. These whales, who have usually been known to trade across a number of digital assets regardless of their volatility, are taking less risk during this time. The USDT stablecoin has been the number 1 token by trade volume for these top Ethereum whales. The average volume transacted by the whales came out to $267,328, even higher than the volume for ETH, which was the second-highest by trading volume. USDC featured in third place on this list, with an average amount of $89,180 over this time. Related Reading: Bitcoin Sees Massive Decline In On-Chain Activity In the same vein, the stablecoins were at the top of the most purchased tokens over this time. USDT naturally led the list, while USDC was in second place. Interestedly, ETH did not take 3rd place as expected because Ethereum whales bought more SRM than ETH over this time period. ETH price settles above $1,300 | Source: ETHUSD on TradingView.com On the topic of sales, the whales continued the trend of moving toward stablecoins. ETH was the most sold token over the last 24 hours, most of which had gone to converting ETH holdings into the more stable USDT and USDC. Ethereum Whales Want Stability Over the course of 2022, Ethereum whales have moved towards more stable options. While ETH continues to top their holdings, the change in their token holdings shows that these whales are getting ready to weather another bear storm. The start of the year had seen tokens such as Shiba Inu and FTX Token topping the holdings of these large investors. However, the tide has shifted so much in this regard that the largest token holdings of these whales are now in stablecoins. Related Reading: Why Most Public Bitcoin Miners Have Performed Terribly In Their Lifetimes Presently, USDC is the largest token holder of the top 100 Ethereum whales at $653.3 million (26.09%). It is then followed by USDT with a cumulative holding value of $575.14 million (22.96%). Shiba Inu still features highly on this list but is a long way from being the largest token held by these large investors. Given that analysts continue to warn investors that the bottom of the crypto bear market is not in, it is no surprise that these investors are looking for safety. If the bottom happens to be lower than already recorded cycle lows, then there is more pain to come. Featured image from CryptoSlate, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
Michael Saylor-led MicroStrategy is looking to expand its Bitcoin Lightning Dev team by hiring a new software engineer.
The post MicroStrategy seeks to hire Bitcoin Lightning Software Engineer appeared first on CryptoSlate.
The war in Ukraine and ecological catastrophe highlight the need for an open – and stateless – global financial infrastructure.
El primer estudio de este tipo podría tener influencia en las normas globales más importantes sobre el capital bancario para las criptomonedas.
The complaint alleges the two companies pumped the price of their cryptocurrency by falsely claiming they had acquired $10 billion in gold bullion to back it.
Cryptocurrency research firm Delphi Digital posted a chart showing Solana NFT volume surging, accompanied by the text: “Solana’s share of total NFT trading volume has increased from 7% to 24% over the past 6 weeks.” Solana is establishing itself as a viable alternative to ETH for NFTs The chart showed since mid-August, NFT volume on […]
The post Ethereum losing ground as Solana now accounts for a quarter of total NFT volume appeared first on CryptoSlate.
USDC’s stablecoin-fueled model of money, in which the dollar functions as an open “protocol,” could allow innovation to flourish. But healthy competition is a prerequisite.
The fund will focus on liquid crypto investments and targets raising about $100 million, a person familiar with the matter said.
Crypto influencer Lark Davis has denied accusations of “pumping and dumping” low-cap crypto projects on his followers in a series of 19 Twitter posts published on September 30.
The post Lark Davis denies ZachXBT’s accusations of profiteering from his followers by shilling low-cap tokens appeared first on CryptoSlate.
XRP escaló por encima de su media móvil de 200 días y MKR alcanzó su máximo de tres semanas. Una cifra más alta que la prevista del PCE, el indicador de inflación preferido de la Fed, podría inyectar volatilidad en los mercados.
Planned capital requirements for bitcoin could make it harder to curb risks and undermine financial reforms, the industry group is to tell the Basel Committee on Banking Supervision
The Bitcoin: Cost Basis metric, also known as the realized price, is split into the long-term holder (LTH) and short-term holder (STH) cohorts.
The post Research: Bitcoin Cost Basis metric indicates short-term holder capitulation appeared first on CryptoSlate.
Theta Labs (THETA) successfully deployed the Theta v3.4.0 upgrade at block height 17285755, which supports wrapped THETA (wTHETA) as a TNT20 token.
The post Theta upgrade goes live to support wTHETA as TNT20 token appeared first on CryptoSlate.
Celsius’ Committee of Unsecured Creditors has filed a motion asking the bankruptcy court to issue a subpoena to EquitiesFirst Holdings (EHF) for failing to repay approximately $439 million owed to Celsius Network.
The post Celsius Creditors moves to recoup $439M through EquitiesFirst subpoena appeared first on CryptoSlate.
Numerous decentralized finance (DeFi) protocols were born to remove financial borders and create more opportunities for retail users like you and me.
One such protocol is Lido finance, which aims to remove the considerable financial entry barriers …
McLaren Racing is set to drop a 7-page comic NFT from 1st to 7th October 2022, starting at the Singapore Grand Prix 2022 and ending at the Japanese Grand Prix 2022.
The post McLaren Racing Launches Comic NFT Ahead of SG, JP Grand Prix appeared first on BitPinas.
United States District Judge Analise Torres has ruled in favor of Ripple Labs after it ordered the SEC to release documents relating to a speech delivered by former SEC official William Hinman.
The post Judge rules in favor of Ripple against SEC in Hinman document case appeared first on CryptoSlate.
TechCrunch has released information stating that the parent company of the Uniswap DEX, Uniswap Labs, is preparing for a new $100 million funding round to expand its offering.
The post Uniswap Labs rumored to be raising $100M in funding at a $1B valuation appeared first on CryptoSlate.
As the first drop in a series of NFT launches, the collection will be available on Binance NFT to celebrate the amazing careers and accomplishments of some of the world’s most recognizable athletes
Amino, a new platform that is bringing health and fitn…
On Thursday, the $6.7 price range of Uniswap was rebuffed once again. The momentum has slowed on the shorter time frames, which is a bearish indicator for traders and investors. It’s possible that the recent decline in Bitcoin’s value is responsible for UNI’s lag. Statistics show that there is a moderately high relationship between UNI and Bitcoin. Recent price changes for both coins show a strong correlation between them. UNI has been closely following Bitcoin’s price action. As the bearish slump in Uniswap continues into its second day, the currency pair may be retracing its recent gains. As of this writing, UNI is trading at $6.45, up 12% in the last seven days, data from Coingecko show, Friday. Related Reading: ApeCoin Performance Could Attract The Whales – How About The Bulls? Uniswap Indicator: Bearish UNI fell to a closing price of $6.379 yesterday, 7.62% lower than its September 28 closing price of $6.555. Price action in the past is also suggestive of a developing bearish momentum. The momentum indicator is at a bearish low at the moment. Daily and 4-hourly trends tell the same pattern as well. The amount of UNI currency on hand is at an all-time high, per CryptoQuant statistics. Foreign exchange reserves on the rise portend worse conditions. As of this writing, daily UNI transaction volume in the shorter time frames from September 27 to now has been volatile. During this time range on September 27, UNI rallied and tested the $6.7 resistance level. This price trend mirrored that of Bitcoin. Although demand for UNI is not very great, both BTC and UNI are currently exhibiting indications of recovery. A Retreat, Or Advance? A recent research predicted that UNI would decline to $5.50, a volatile region that might spark a bigger sell-off in the crypto. A decline of this nature could prompt investors and purchasers to acquire a position inside the aforementioned price range, restoring the currency to its current value. However, UNI’s technological aspects are relatively neutral. On the charts, this appears as a near-stabilization of the price, which is supported by the 38.20 Fibonacci level. This neutrality of the technical indicators and the relatively stable price range can assist the bulls in gaining strength for a breakout. However, UNI has struggled to surpass the $6.49 level of resistance. A breach of this resistance might initiate a gradual rally toward the $6.7 price level. As the price trend wanes, UNI has a same chance of falling to $5.5 or rising to $6.7. Related Reading: QUANT Basks In Green As QNT Coin Surges 35% On 7-Day Rally UNI total market cap at $4.95 billion on the daily chart | Source: TradingView.com Featured image from Brightnode, Chart: TradingView.com
Curious about what else you can do on GCash? Here are the ways you can get more from GCash.
The post GGuide: Ways To Get The Most From GCash appeared first on GCash.
Get the K-Drama feels now. Here’s where you can listen to your k-drama soundtracks ad-free with Spotify Premium.
The post GGuide: Here’s Where You Can Stream Your K-Drama Soundtracks, AD-FREE appeared first on GCash.
The collapse of the algorithmic stablecoin Terra and its native token LUNA remained a shocking event in the crypto space. The outcome was the loss of billions of dollars for many individual and institutional investors. It also threw the entire crypto industry into a historic crisis. Lots of changes have taken place following the fall of the stablecoin. Subsequently, some investigations and legal cases have been against the founder of Terraform Labs, Do Kwon. Firstly, the South Korean Prosecutors leveled some allegations against the Terra Chief. Related Reading: Polkadot Price Drops On Chart With Resistance At $6.80, What’s Next? Also, the International Criminal Police Organization (Interpol) issued a Red Notice against him. The Interpol request is for law enforcement’s immediate arrest of Do Kwon globally. There was a massive loss of over $60 billion of investors’ funds through the fall of Terra and its ecosystem in the first half of the year. The South Korean Prosecutors requested the assistance of Interpol for the arrest of Kwon. The prosecutors accused the Terra chief of hiding to avoid their investigations. According to a source, Kwon was seen in Singapore, though the city police noted that he later left. Terra Says Case Against Kwon Is Highly Hyped Up Following the alert from Interpol, there was a slight fall in the prices of Terra Classic (LUNC) and the newly launched Terra LUNA. Some rumors have been that Kwon went into hiding since the collapse of Terra and its ecosystem. Terraform Labs has finally reacted to the case against Do Kwon. The firm stated that the case is highly politicized while speaking to Bloomberg. The spokesperson mentioned that the South Korean Prosecutors’ steps depicted unfairness in all aspects. Related Reading: Cardano Price Fails To Pierce Through $0.48 As Bears Continue To Dominate According to the spokesperson, the prosecutors failed to adhere to the basic rights available under Korean Law. Also, he noted that the prosecutors’ allegations against Kwon of breach of capital market laws indicated reasonable bias. Featured Image Pixabay, Charts From Tradingview.com
The SEC has released a public advisory vs Lodicoins for illegal investment scheme and operating an investment undertaking without the necessary licenses to do so.
The post [BREAKING] SEC Issues Public Advisory Against LODICOIN appeared first on BitPinas.
Can Ethereum ward off hacks and exploits without compromising on its commitment to decentralization?
Yuan fell to a 14-year low against the U.S. dollar early Wednesday.
The exchange joins other crypto platforms like Binance and Luno that recently obtained similar approvals in France.
Shares of Atlis Motor Vehicles Inc. are set to skyrocket again on Wednesday, the second day that the electric truck and battery maker trades on the Nasdaq. On Tuesday, the company debuted with the stock shooting up $54.62, or 198.6%, to close at $82.1…
“When a token goes from 20 cents to $100 and you don’t take profit, that’s lunacy,” the CEO of Galaxy Digital said.
Shares of Thor Industries Inc. shot up 4.6% in premarket trading Wednesday, after the recreational vehicle maker reported a big profit beat for the fiscal fourth-quarter, as sales rose above forecasts and margins improved. Net income for the quarter t…
Aside from the exhibit 1/1, Galería Paloma also launched their own NFT, entitled “The Twelve.” This is a collaboration of the twelve artists who have given their share of digital art.
The post Galería Paloma Launches Exhibit 1/1, NFT ‘The Twelve’ for Crypto Art Week Asia appeared first on BitPinas.
The heads of the U.S. Department of Health and Human Services and the World Health Organization came away from the first U.S.-WHO Strategic Dialogue on Tuesday with a commitment to the creation of a new financial intermediary fund for global pandemic p…
Yields on U.K. government debt tumbled after the Bank of England said it would temporarily buy securities. “The purpose of these purchases will be to restore orderly market conditions. The purchases will be carried out on whatever scale is necessary to…
Authorities in the EU, U.S. and other jurisdictions need to compare notes on central bank digital currencies to regulate them better, according to the ECB chief.
The average Bitcoin price in September of last year was $45,965. It even hit and surpassed the $50K mark three times back then. It did so when it closed September 4, 2021 at $50,000, September 5 at $51,692, and September 6 at $52,644.49. But the largest cryptocurrency by market capitalization is struggling to replicate that kind of run this year as it continues to struggle to hold even just the $20K price range. As of this writing, BTC is trading at $18,802, according to data from CoinGecko. It slightly spiked on Tuesday, reaching just above $23,300 before eventually falling back below the $19K mark once again. Related Reading: BNB Price Watch: The Charts Look Good For Traders – More Green On The Plate? Source: CoinGecko While Bitcoin only lost a measly 0.4% price dip for the last seven days, it has now lost 4.4% of its value over the period of 30 days. Moreover, its current trading price is 55.5% lower than what it was a year ago. Bitcoin Price Continues To Struggle The crypto space experienced a major crash between May and June this year when its total market value decreased by $2 trillion. Bitcoin was greatly affected by that and since then has been trading between $18,000 and $25,000. The digital asset’s price is not the only thing that is struggling as its stocks retreated into bearish direction, dipping by 1% at $19,078. Inflation seems to be the main driving force of the chaos that has been wreaking havoc in crypto space for the past months as central banks leaned on increased interest rates to combat the economic dilemma. The crypto industry also witnessed notable bankruptcies and insolvency issues that also impacted the digital assets’ attempt at a bullish run. Related Reading: Polkadot Price Watch: What A Drop In This Key Area Can Mean For DOT? Will Bitcoin Fall Below $18K Again? Some experts believe that when certain conditions happen, the widely followed crypto will experience severe drop once again. It is believed that if inflation rate rises anywhere between 9.5% and 10%, the U.S. Federal Reserve might have an emergency meeting to discuss another round of interest rate hikes. If this happens, leveraged participants in the crypto markets will once again be affected in a negative way and that could lead to Bitcoin’s price plummeting below $18,000. On June 18, 2022, BTC dropped to a low near that price due to the negativity brought by the bankruptcy of Three Arrows Capital and Celsius. BTC total market cap at $357 billion on the daily chart | Source: TradingView.com Featured image from Fox Business, Chart: TradingView.com
Shares of psychedelics company Mind Medicine Inc. slid 35.6% in premarket trade Wednesday, after the company priced a dilutive secondary offering of 7.1 million shares. The offering priced at $4.25 a share, below the stock’s closing price Tuesday of $…
Cardano price has been consolidating on its chart at the time of writing. Over the past day, ADA moved down by 0.6%, indicating that the altcoin was rangebound. In the past week, Cardano price has depreciated by 3%. The bulls had helped the coin to soar close to the $0.46 level as demand for the coin returned briefly on the chart. There has been rigid resistance to the altcoin at the $0.48 price mark. The technical outlook of the Cardano price has remained bearish as selling strength mounted on the chart. The support zone for the coin stood between $0.44 and $0.40 on the chart. If buying strength returns, the coin may try to move close to $0.46 before attempting $0.48. At the present time, ADA is trading 86% lower than its all-time high. With increased and sustained demand, ADA should be able to manage to move above $0.48, which could cause the altcoin to invalidate its bearish thesis. Cardano Price Analysis: One Day Chart ADA was trading at $0.44 at the time of writing. The bulls had stuck around for Cardano price to touch the $0.46 mark. The bulls were rejected soon after that. Overhead resistance for ADA was at $0.48, following which the coin might encounter another price ceiling at $0.52 before unleashing the bulls again. On the other hand, the nearest price floor for Cardano was $0.41. Falling below that level will only strengthen the power of the bears. The amount of Cardano traded in the last session fell, indicating that the demand was low as selling strength took over. Technical Analysis ADA continued to display the power of selling strength by showing that the price of the altcoin continued to travel southwards. Technical indicators depicted lower demand for the altcoin. The Relative Strength Index was below the half-line, and that meant an increased number of sellers in the market for Cardano. Cardano price was below the 20-SMA line, which pointed toward reduced demand for the altcoin. It also shows that sellers were in charge of the price momentum. With more demand and buyers, Cardano could attempt to move above the 20-SMA and 50-SMA lines, respectively, helping the bulls to garner strength on the chart. Related Reading: Investors Cash Out $5M From 7-Week Bull Run On Short Bitcoin ADA continues to demonstrate that sellers were more active compared to buyers on the 24-hour chart. The price movement was overall in a downtrend. Moving Average Convergence Divergence displays the price momentum and the price action of the coin. MACD continued to display red histograms, which are considered as sell signal for the coin. The Parabolic SAR also accounts for the price direction of the altcoin. The formation of dotted lines above the candlestick by the Parabolic SAR indicated that the Cardano price was in a downward trend. Related Reading: Ethereum Name Service (ENS) Looks Strong, Eyes $16 Reclaim Featured image from Mint , charts from TradingView.com
The $100,000 Thiel Fellowships garner big headlines for successes like Figma and Ethereum. But a deeper look shows a program that’s more about hype than reform. This article is part of CoinDesk’s Education Week
The multi-billion dollar digital asset management platform aims to decentralize its growth and governance through SAFE and SafeDAO.
“What we’re seeing is more a lack of large sellers, rather than a plethora of large buyers,” one value investor said.
QNT price holds strong above 50 and 200 EMA on a higher timeframe. QNT rallies as price eyes $160 despite the crypto experiencing a bloodbath across the market. The price faces resistance at $144 in the weekly timeframe. Quant (QNT) price has recently shown bullish strength against tether (USDT) as price trends higher above expectations. The price of Quant (QNT) has shown its strength despite Bitcoin (BTC) pulling most altcoins down after a rally from $19,000 to a region of $20,400, with the price rejected instantly from that region. (Data from Binance) Related Reading: TA: Ethereum Price Just Reversed and $1,200 is Imminent, Here’s Why Quant (QNT) Shines Despite Bloodbath Despite the huge decline in price across the crypto market with what seems to be a bloodbath, the price of QNT continues to shine above the chart, as many expect this coin to perform extremely well when the market becomes stable. The price of QNT on the high and low timeframe continues to trend with swing highs and lows as the price eyes a potential $160 reclaim. Quant (QNT) Price Analysis On The Weekly Chart The price of QNT has recently bounced from a low of $46 in the weekly timeframe rallying to a high of $130 before rejecting to a region of $87, where the price has formed good support for price sell-off on the weekly timeframe. QNT price moved from that region breaking higher to $140, where the price is currently facing resistance to breaking higher to a region of $150-$160. The price of QNT needs to break the $140 resistance with good volume for the price to have an opportunity to trend to a higher region; if the price of QNT is rejected, we would expect the price to retest the support area of $87 where demand for the price of QNT has been created. Weekly resistance for the price of QNT – $140. Weekly support for the price of QNT – $87. Price Analysis Of QNT On The Daily (1D) Chart In the daily timeframe, the price of QNT continued to show strength as the price faced rejection in an attempt to break $150, with the price holding strong and continuing to maintain its bullish structure. If the price of QNT continues to hold above the trendline support it has formed on the daily timeframe, we could expect the price of QNT to break above $150. The price of QNT trades at $137 above the 50 Exponential Moving Average (EMA). The 50 EMA acts as a support for QNT price at $106. A break and close below $106 could see the price of QNT retest lower regions as this invalidates the bullish setup of $20. Daily resistance for the QNT price – $150-$160. Daily support for the QNT price – $106. Related Reading: BNB Price Watch: The Charts Look Good For Traders – More Green On The Plate? Featured Image From zipmex, Charts From Tradingview and Coin360