Blog – Page 59

Flustered Bitcoin investors could expect a quiet start to the week thanks to…

BTC’s MVRV Index indicated a possible market bottom Number of Addresses Holding 0.01+ Bitcoins reached an ATH The current cycle in the crypto market was seen favoring sellers. This was the reason for most of the crypto market bleeding red. The market leader Bitcoin [BTC] was also hit as its price declined by 21% over the last week, according to CoinMarketCap. At press time, the coin was trading at $16,548.29 with a market capitalization of $316,701,863,540. ____________________________________________________________________________________________ Read Bitcoin’s [BTC] price prediction for 2023-24 ____________________________________________________________________________________________ However,...

Low Volume Downfall Suggests Ethereum Price Should Rise Back To $1400

Published 1 hour ago Ethereum’s price fell with decreasing volume for three consecutive days, suggesting a temporary slump. Therefore, if the altcoin price could sustain above the $1245 or $1100 mark in the coming week, the bullish recovery could rise higher to meet the $1410 barrier. But will the price follow up on this recovery, or we resume the prevailing downtrend?

Key points:

The $1410 mark stands as a strong resistance level for bullish growth The 20-and-50-day EMA bearish crossover would encourage...

Why ETH investors could have tough days despite these promising updates

The total annualized issuance rate of ETH reduced substantially Circulation also decreased, adding to Ethereum’s deflationary nature Many speculations were made regarding what would lie ahead for Ethereum [ETH] post the Merge. One of the doubts that most had was around ETH’s deflationary nature. However, there was some clarity seen on that front as according to official sources, ETH achieved a nearly zero total annualized issuance rate. ____________________________________________________________________________________________ Read Ethereum’s [ETH] Price Prediction 2023-24 ____________________________________________________________________________________________ Last year, Ethereum developers pushed the London upgrade that enabled...

Bitcoin Price Analysis Hints A Revisit To $18200 Mark; Should You Buy?

Published 31 mins ago The Bitcoin price falling for three consecutive days registers a 6.5% loss. With sustained selling, the prices could drop another 3.8% to retest the $16000 support. With the panic in the crypto market easing, can buyers trigger a new recovery phase?

Key points:

Low volume downfall to towards the $16000 support increasing the change for bullish reversal The daily-RSI slope escaped from the oversold region. The intraday trading volume in Bitcoin is $24.9 Billion, indicating a 32% drop Source-Tradingview A massive...

Ethereum Co-Founder Vitalik on Former FTX CEO: ‘Sam the Human Being Deserves Love’

On Sunday (13 November 2022), Ethereum Foundation Co-Founder Vitalik Buterin shared his thoughts on Sam Bankman-Fried (aka “SBF”), Co-Founder and CEO of insolvent crypto exchange FTX. As you probably know, on 10 November 2022, SBF took to Twitter to talk about how he had “f*ucked up” at FTX...

$ADA: What IOG Is Doing To Help ‘Unlock Micropayments on Cardano’

Recently, IO Global (aka “IOG”, formerly known as “IOHK”), the company responsible for Cardano’s R&D, together with Obsidian Systems, explained what is being done to “drive the development of use cases based on the Hydra Head protocol.”

What Is Hydra?

In a blog post published on 17 September 2021, Sebastien Nagel, Software...

The FTX Saga: Lessons We Knew But Didn’t Learn

Key Takeaways

The collapse of Sam Bankman-Fried's empire has shocked the crypto industry—and set it back by several years. The industry overlooked too many red flags, which allowed Bankman-Fried to rise to prominence. The FTX debacle could have been avoided if crypto had stuck to its core tenets: don't trust, verify; and always self-custody your assets.

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After Do Kwon, Three Arrows Capital, and Alex Mashinsky set the standard for outrageous misbehavior in the crypto space this year, Sam Bankman-Fried’s...

The BAYC-FTX connection: Why the Apes may not climb any price trees soon

BAYC’s royalties and treasury were stored on the FTX US exchange Floor price and volume dropped significantly over the week The NFT market felt the impact of falling prices as crypto rates plunged over the last few days. In fact, even Ethereum [ETH] blue-chip collections like Bored Ape Yacht Club [BAYC] could not bank on their popularity to counter the adverse effect of the FTX collapse that left the market in turbulence. Interestingly, there was a new twist to the effect FTX had...

Stablecoin Issuer Has Completed XRP Ledger Integration for Its Flagship Product EURS

Recently, STASIS, the issuer of EURS, which it claims to be the largest euro-backed digital asset’, announced that it had integrated the XRP Ledger to “further shape the vision of multichain stablecoin.”

The Evolution of the XRP Ledger

The open-source public XRP Ledger (XRPL) was created in 2012 by David Schwartz,...

Are Crypto Exchanges Faking Proof Of Reserves? CZ Warns Investors

In the light of FTX crash, Binance CEO CZs initiative to disclose proof of reserves has forced other market players to do the same. While, exchanges have started declaring their proof of funds, crypto leaders are raising allegations over large exchange inflows and outflows.

What’s Going On At Crypto.com And Huobi?

As reported by WuBlockchain 280,000 ETH worth nearly $400 million were transferred from a crypto.com cold wallet to a Gate.io address. The crypto twitter community soon reported a 285,000 ETH...