The capitalization of the cryptocurrency market on Friday updated the lows of the week, after the release of US and Eurozone GDP. Statistics disappointed investors with a slowdown in the growth of the European economy by 0.1% in the first quarter, the American indicator decreased by 0.4%. In general, the IMF's global economic growth forecast has been lowered from 4.4% to 3.6%, but the continuation of military operations in Europe and China's lockdowns can significantly…
@BOMBERuss in May 2022
The #cryptocurrency market ends the week at the level of strong February support. A rebound from this line will return Buyers to digital assets, but its breakdown will be the start of panic sales with access to new lows of the year. Next week's economic statistics reduce the probability of cryptocurrency growth to zero – traders expect the Fed's decision on the US rate on Wednesday, which will immediately rise by 0.5%. The head of the US regulator is determined and ready to…
#Sentiment analysts draw the attention of portal users to the surge in transactions of large owners of the Binance Coin (#BNB) token. Transfers of the BNB Smart Chain service #cryptocurrency, with a size of more than $ 100 thousand, have reached an abnormal value for the fifth time in history, after which a wave of strong sales always begins. As can be seen from the chart, the whales sold BNB at the peak of the April rebound, when the token failed to return to the price…
The main thing for the week: 1.05.2022 years. Goldman Sachs is offering the first Bitcoin-backed credit line in its history. The Central African Republic (CAR) will officially accept Bitcoin. Fidelity will allow its clients to invest in #Bitcoin. Fort Worth became the first city in the United States to start #mining bitcoins. stepN and #OpenSea are the main donors of phishing sites. British firms are confident that the introduction of cryptocurrencies will take less than 10…
The Wikimedia Foundation, which supports #Wikipedia, closes its BitPay account and announces that it stops accepting donations in cryptocurrency (#BTC and #ETH) based on feedback from its community. Recall that #Wikimedia is an open source online encyclopedia, and #BitPay is a cryptocurrency payment service that he used as a partner. Lisa Seitz-Gruwell, the foundation's chief development specialist, said that Wikimedia has decided to stop directly accepting cryptocurrencies…
The number of transfers with the meme #altcoin #SHIB has collapsed to an annual minimum amid weak on-chain activity The listing of #Shiba inu (SHIB) on Robinhood hardly helped the #token, as the volume of transfers dropped to an annual minimum. According to bloxy, according to the results of the first quarter, transactions fell by almost 70% compared to the same period in 2021.
A group of analysts noted the May prospects for bitcoin!!! May started for bitcoin with the same sluggish #exchange rate movement that prevailed for most of April. However, analysts believe that this month may be decisive for #BTC Historical data suggests that, as a rule, May is a strong month for #bitcoin. Over the past 11 years, the rate has increased by an average of 27%. Bitcoin bulls would be happy with such indicators in 2022, especially after April's 17% drop, which…
Against the background of the correction of the crypto market, an analyst with the nickname Guy warned investors about a possible drop in the rates of some altcoins that have recently shown good results: TRON (#TRX); STEPN (#GMT); Nexo (#NEXO); XDC Network (#XDC). List of #cryptocurrencies and #tokens that have fallen in price the most today:
Investors holding #bitcoin since 2021 have started selling cryptocurrency due to fears of further decline in quotations. Over the past three months, bitcoin investors who joined the #market have accelerated the unloading of their portfolios at a rapid pace. This was reported by Glassnode #analysts on their blog. As can be seen below, the average realized price of bitcoin (blue line) among long-term investors (LTH) has been rapidly declining since February of this year. At…
Dan Held, marketing director at the Kraken #cryptocurrency exchange, believes that a new supercycle for #bitcoin is being formed in the conditions of a perfect storm In an interview for the podcast "What Bitcoin Did Podcast" on April 29, Dan Held stated that the current market conditions are a perfect storm for bitcoin, which as a result is transformed into a supercycle. In the world of #crypto fanatics, this theory is usually applied to bitcoin, generating predictions about…
The indicator of daily earnings of miners in the #Ethereum network soared to a new record high of 95,182 ETH amid a surge in activity in the #DeFi segment. #Mining Ethereum has become extremely profitable. The earnings of miners working on the Ethereum (#ETH) network have risen sharply in recent days and reached a new historical maximum. In just one day, ETH #cryptocurrency miners were able to earn 95,182 ETH. 85.9% of this amount was commission revenue.
Justin Sun has once again proved his ability to choose the right time and place to launch #Tron growth incentives. Altcoin TRX yesterday showed the highest increase in value by 21% in the ranking of the top 30 cryptocurrencies. On the 5th, the launch of the algorithmic #USDD stablecoin in the Tron ecosystem was scheduled, which became a complete clone of UST from the Terra blockchain. It was no coincidence that Justin Sun chose yesterday, which coincided with the Fed…
Among the records of yesterday's daily growth in the ranking of the top 30 cryptocurrencies, the service tokens of the #Uniswap DEX exchange (+15%) and the #Avalanche blockchain (+12%) were noted. #UNI and #AVAX have become available to institutional investors in the form of units of ETF funds opened by the largest investment companies with a high reputation in the crypto market. You can now invest in #DEX exchange tokens on the German Xetra stock exchange, where Physical…
Technical analysis indicates a reduced price. In fact, I am always optimistic about #bitcoin, and it can go up at any minute... and there will have to be another critical growth in us.
Last Thursday, #bitcoin (BTC) fell by more than 10%. On some exchanges, the coin collapsed to $35,611 - this is the lowest value since January 21, Bloomberg reports. Then BTC partially recovered, and on the night of Friday, May 6, it is trading at $36,307. Almost all the largest altcoins suffered heavy losses. Ether (#ETH) fell by 8.7% to $2,744, while #Binance Coin (#BNB) and #Solana (#SOL) fell by 6.42% and 7.98% to $376 and $84.5, respectively. The value of all digital…
Against the background of the fall in the rates of #cryptocurrencies over the past two months, the fortune of billionaires who invested in this asset has significantly decreased. According to Forbes estimates, 11 investors who built a fortune on cryptocurrencies lost a total of $49 billion. So, the founder and head of the #Binance cryptocurrency exchange Changpeng Zhao had a fortune of $65 billion on March 11. Two months later, he had $27.4 billion left. The founder and head…
The Nasdaq-listed cryptocurrency exchange #Coinbase announced that it stopped operating in #India a few days after launch due to "informal pressure" from the country's central bank, the Reserve Bank of India (RBI), CEO Brian Armstrong says.
The validators of the #Terra blockchain stopped the work of the network against the background of the collapse of #LUNA and #UST!!! The Terra project team reported that the validators decided to stop the work of the blockchain at the height of block #7603700. The move was explained by the need to protect the network from potential "governance attacks".
On May 12, the #bitcoin exchange rate updated the minimum since December 2020 at around $ 26.7 thousand. As of 19:30 Moscow time, the first cryptocurrency costs $ 29.5 thousand, over the past day it has fallen in price by 5%. The price of the coin continues to fall after it exceeded $ 48.1 thousand at the end of March, writes RBC Crypto. There are several reasons for the collapse of bitcoin, says Nikita Soshnikov, director of Alfacash. He named macroeconomic factors, such as…
#Terra stated that with its native #LUNA token and #UST stable coin in free fall, it stopped its blockchain for the second time in 24 hours. In a message published at 22:13 eastern time, Terra announced that its #blockchain "officially stopped at block 7607789." "Terra Validators stopped the network to develop a plan to restore it. There will be other updates" The blockchain was first suspended on May 12 due to concerns that it had become vulnerable to attacks. Then the…
Representatives of #Tether Limiten announced on Twitter that they are going to move more than $1 billion worth of stablecoins from the Tron blockchain to Ethereum, as well as an additional $20 million to Avalanche. According to the announcement, this will not change the total volume of the #USDT offer. The announcement was made amid fears of a collapse of the stable coin due to the recent fall of #Terra (LUNA) and TerraUSD (#UST). Earlier, the stablecoin price dropped to…
#Dogecoin has the potential to become a currency, the head of #Tesla and #SpaceX, billionaire Elon Musk, is sure. This is how he responded to the post of the creator of the altcoin Billy Marcus. According to Marcus, he likes Dogecoin because the token "knows it's meaningless." Over the past day, the "meme" #cryptocurrency has risen in price by 18%, to current levels of about $ 0.09. ##Altcoin is recovering after the market collapse on May 12, as a result of which the price…
The #OKX bitcoin exchange suspended operations and excluded from the list of traded instruments perpetual contracts and margin trading with LUNA and the DeFi-protocols #Anchor (ANC) and #Mirror (MIR) tokens associated with the Terra ecosystem. #OKX to delist margin trading, savings and perpetual for $LUNA, $ANC and $MIR. The platform will also delist UST-nominated pairs with #Bitcoin, #Ethereum, #Avanalche (AVAX), #Solana (SOL) and #Terra (LUNA). OKX will terminate the $UST…
British rap artist and YouTuber JJ Olatunji (KSICRYPTO) told how his life was affected by the loss of $2.8 million on the fall of the #Terra (LUNA) cryptocurrency. KSI writes that overnight his investments turned into $1,000. On his YouTube channels, which have about 40 million subscribers, the blogger shared his thoughts about what he learned by investing in #LUNA. The rapper said that he does not plan to sell cryptocurrency, and, despite hyperinflation, will wait for the…
Upcoming listings of cryptocurrencies and tokens May 16. Recast1 (R1) and dotmoovs (MOOV) will list BitMart; EnterButton (ENTC) will add LBank; Teddy Doge (TEDDY) will list Bittrex. May 18. Market Making Pro (MMPRO) will be added to Gate.io . May 20. Luffy Inu (LUFFY) will list the BitForex cryptoexchange.
#Terra (LUNA) is becoming attractive to investors again. The excessive volatility of Terra does not deter investors. It is attractive to them, despite all the risks. On May 14, #LUNA increased in value by 600% for a short period of time. Terra took only 7 days to drop from $85 to almost zero on May 12. However, then the trading volume of LUNA quickly recovered, more than 200% in these few days. On May 13, #CoinGecko recorded a drop in trading volumes to $ 178.6 million —…
The governor of the Bank of Spain (VE) and a member of the Basel Committee on Banking Supervision (BCBS) urged not to wait until the crypto industry grows and will pose a danger to the financial system. Pablo Hernández de Cos delivered a keynote address explaining how issues of digital asset regulation should be addressed. Speaking at the annual general meeting of the International Swaps and Derivatives Association (#ISDA), the official said that the #cryptocurrency and…
The creator of the #Ethereum (ETH) cryptocurrency, Vitalik Buterin, has come up with a new method to combat the 51% attack on the blockchain of a digital asset. A member of the crypto community, known under the pseudonym Superphiz.eth, expressed concern for the security of the #ETH network after the implementation of The Merge update, which provides for the transition to the #PoS consensus protocol. He believes that not all Ethereum staking pools will agree to limit the…
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Events in the world of #cryptocurrencies over the past week! 1.The price of #bitcoin has failed the level of $27,000. On Thursday, May 12, the price of bitcoin dropped to $26,700, which is comparable to the level of the end of 2020. The decline was accompanied by significant daily liquidations in the futures market for amounts over $ 1 billion. By the end of the week, the quotes had regained some of the fall. At the time of writing, the asset is trading near $30,100. 2.#UST…
On Monday, May 16, El Salvador will host a meeting of representatives of 44 countries who will discuss the digital economy and #bitcoin. This was announced by the President of El Salvador, Nayib Bukele. "32 central banks and 12 financial institutions (representatives of 44 countries in total) will meet in El Salvador and discuss financial accessibility, digital economy, financial services for people who do not have access to banking services, implementation and its…
#LUNA and #UST's Collapse: What Happened, and Why? Unless you've completely switched off from crypto, or the news cycle for that matter, you're probably aware of LUNA losing 99.99% of its value in a matter of days. Terra Protocol and its two main tokens - UST and LUNA - went into freefall as a carefully constructed mechanism (supposed) hit a snag. And a big one at that. To understand what happened, it's important to understand UST and LUNA's correlation in the Terra…
The CEO of the CryptoQuant agency, Ki Young Ju, posted a series of posts on Twitter in which he claims that large investors have found opportunities to continue accumulating bitcoins, despite the volatility of the #exchange rate. According to the head of CryptoQuant, "institutional investors are buying #bitcoins through market makers right now." Yang Ju states that large #cryptocurrency exchanges are very popular among corporate investors. So, on May 7-10, investors sent…
The CEO of the #Binance bitcoin exchange, Changpeng Zhao, spoke about investments in the failed Terra project and announced the amount owned by the company in the #UST stablecoin. According to him, in 2018 Binance invested $ 3 million in #Terra, receiving 15 million #LUNA. Assets have not been moved or sold since that time, Zhao said. The value of the initial investment increased 560 times (up to $ 1.6 billion) against the background of the coin reaching price highs. After…
The #BitMEX exchange, known as the #cryptocurrency futures operator, is launching spot trading, The Block reports. In this way, the company hopes to attract retail customers. BitMEX representatives stated: "It's a completely different product in look and feel." The company said that they hope to enter the top 15 largest spot exchanges in a period of 12 to 16 months. Bitcoin, ether, the #APE token of the Bored Ape Yacht Club #NFT project and the #UNI token of the #Uniswap…
The May drop in the cryptocurrency market, which lost $ 550 million in half a month, returned the altcoin #Monero (XMR) to the top 30 rating. The past sales of digital currencies finally "took out" tokens associated with blockchain games and #Metaverses from the largest assets, but raised the capitalization of the #Flow project. Monero has been and remains the largest #cryptocurrency supporting reliable anonymous transactions. #Altcoin XMR was included in the top 10…
#China has returned to the number of leaders in #bitcoin mining despite restrictions! Miners in China accounted for 21.1% of the total global hashrate distribution in January 2022, according to a new report from the Cambridge Center for Alternative Finance obtained by Cointelegraph. Despite the restrictions imposed, the Chinese government failed to completely stop bitcoin #mining in the country. In 2019, China was the world's largest bitcoin mining country, and the local BTC…
Investors continue to buy Terra tokens, no matter what. Participants of the crypto community began to purchase #LUNA tokens of the #Terra crypto project, despite the problems that the platform faced. Recall that in early May, the company's #stablecoin – #TerraUSD (UST) lost its peg to the US dollar. After him, the native token of the platform – LUNA, with which the developers adjusted the rate of the "stable coin", went into the fall. Despite the risks, many participants of…
#Ethereum risks collapsing in price by 80%, up to $ 420, according to technical analyst John Rock of 22V Research, writes RBC Crypto with reference to Bloomberg. According to the expert, #altcoin is oversold on a daily and weekly schedule, so it cannot grow. On May 12, the Ethereum #exchange rate fell to the lowest since the summer of 2021 at $1.8 thousand. As of May 17, 19:00 Moscow time, altcoin is trading at $ 2.08 thousand, over the past day it has risen by 3.5%.
#Bitcoin is beating for $30k. The situation from the point of view of TA on high timeframes is not consistent with investor sentiment and other aspects of the #market structure. Namely: the top 10 crypto assets collectively have undergone the most serious and rapid decline in the history of the crypto market. The market apparently absorbed about 80 thousand BTC sold in a vain attempt to restore the UST binding to $1, and the panic around the stablecoin spread to Tether, from…
#Ethereum at the minimum of the range! ETH/USD looks similar to #BTC/USD, albeit with a more convincing weekly close. On a monthly timeframe, the price is trading below the cluster forming the lower limit of the range at $2300. To assume a move to the opposite side of the range ($2700), the $2300 level should be restored. The weekly candle closed above the $1,900 support. It looks constructive. The movement of #ETH/USD to $1900 has become a new test of the key low level of…
Over the past five days, bitcoin has consolidated directly under $30,500, and short-term indicators do not promise #BTC success in breaking through this area. Rather, we will see a decline, and only then – a new attempt at growth. On May 5, #bitcoin made a bearish breakout from the long-term ascending parallel channel (red icon) and has been declining since then. As a result, on May 12, the BTC exchange rate reached a minimum of $26,700. After that, the price rebounded and…
On the 6-hour timeframe, #bitcoin broke through the downward resistance line, which has been present on the chart since May 5, when the market made the aforementioned bearish breakthrough. The bullish breakout of this resistance line was accompanied by a bullish divergence on the #RSI (green line), and the trend line of the indicator remains unbroken. However, the 2-hour chart still warns of the likelihood of a bearish breakout. There are two arguments in favor of such a…
#Bitcoin continues to remain in the range of $29700 — $30600. The rate of the main cryptocurrency at the time of writing the review is $ 29800. The #capitalization of the cryptocurrency market is 1273 billion, the Bitcoin dominance index is 44.55%. Over the past day, no changes. We still remain in the trade without much interest from both buyers and sellers. Volumes decreased significantly compared to last week. The priority option also remains a return above $ 30,000,…
According to #blockchain data, addresses linked to the $625 million #Ronin Bridge exploit show that over $10 million worth of ether was on the move during the Asian morning hours on Wednesday. This morning, one #address was funded by the Ronin operator for 5505 ethers, while the funds came from another wallet, which was directly funded by the main address of the exploiter, as the blockchain data show. Starting Wednesday morning, the address was sending #ETH in batches of 100…
The CEO of #Terraform Labs, Do Kwon, put his plan for the revival of #Terra to a vote among the holders of the Luna ecosystem management token. The plan is to fork the current Terra block chain and distribute the amount of Luna among the previous holders according to the established distribution. Many of the tokens will be subject to long periods of entitlement. The offer was posted around 7:30 a.m. Eastern time on Wednesday. An hour later, 23.6 million people voted for…
\CouponFollow found out why people are afraid to invest in cryptocurrency: survey/ Over the past few years, the digital asset industry has significantly expanded the geography of its activities, as well as attracted more than one million new supporters. The adoption of this innovative direction by many countries only confirms the willingness of citizens around the world to start using #cryptocurrencies as an alternative means of payment. Despite such a rapid and global…
South Korea launches "Emergency" inspection after Terra #LUNA and #UST collapse! Sources reported that the financial authorities of South Korea have launched "emergency" checks of local #cryptocurrency exchange operators to strengthen investor protection after the recent collapse of the TerraUSD and Luna cryptocurrencies. This step was taken after the death spiral of TerraUSD and LUNA caused huge losses to investors and caused shock around the world. According to industry…
The price of #ApeCoin shows an optimistic forecast due to the formation of a bullish pennant. A 76% surge that occurred between May 12 and May 1 after the crash caused by #LUNA formed a "flagpole". Consolidation in the form of lower highs and subsequent upper lows created a "pennant". This model signals an increase of 4% to $12.80, which is determined by measuring the height of the flagpole and adding to the breakout point at $8.90. Theoretical forecasts are optimistic, the…
The fall in the value of #bitcoin below $ 30,000 occurred after a large volume of #cryptocurrency entered the exchanges. The IntoTheBlock report says that since May 11, in total, traders have sent about 40,000 BTC to trading platforms. As a result of the massive reset, the largest digital currency collapsed below $26,000. Then the coin rose slightly in price, but could not gain a foothold above $ 30,000. On Thursday, May 19, the #BTC rate sank to $28,917. Over the past 24…
Congratulations, a significant event is approaching — on May 22, when the cryptocurrency community celebrates #Bitcoin Pizza Day.On this day in 2010, programmer Laszlo Heinitz bought two Papa John's pizzas for a record 10,000 BTC!😱 💥 Over the past 12 years, this event has become legendary, so let's remember a few facts about Bitcoin Pizza Day💥: 🍕At the time of the transaction, the purchase was approximately $41, based on the #BTC rate at that time. 🍕Today, the transaction…
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On Friday, May 20, at approximately 06:30 (Kyiv/Moscow time), the MimbleWimble Extension Block (#MWEB) update will be activated in the main Litecoin network. This was told by the creator of the project Charlie Lee. MWEB is currently estimated to activate on 5/19 8:30pm PT (5/20 3:30am UTC). We're thinking of doing a livestream event to celebrate activation. Stay tuned for more details soon. In the meantime, help us reach out to pools and miners. There are still some that…
#Shiba Inu will depreciate over the next decade, experts interviewed by Finder are sure. In April, the company conducted a survey in which 36 fintech specialists took part. According to experts, by the end of 2022, Shiba Inu will cost $0.000018750. This is 7.6% lower than the current altcoin price of $0.00002029. The interviewed experts expect that the value of the token will continue to fall and will amount to $0.0000025 by the close of 2025 and $0.000000325 by the end of…
The planned transition of #Ethereum to the Proof-of-Stake (PoS) consensus algorithm will take place in August. This was announced by one of the leading developers Preston Van Loon at the Permissionless conference. According to him, the team expects to complete the process, which is called "The Merge", before activating the "complexity bomb", he said. "As far as we know, if everything goes according to plan, August just makes sense. If we don't want to move the complexity…
#Tether has started transferring reserves to US Treasury Bills The Company is reducing the number of commercial securities in its reserves. The reports published after the UST collapse confirm that Tether's reserves are fully secured Tether Holdings Limited has published its latest quarterly audit report, indicating a significant reduction in investments in commercial securities and an increase in investments in US Treasury bills. The document confirms a reduction in the…
#Floki Inu up 10% after listing on Canada's Biconomy. These are good times for the Floki ecosystem, as the news of its listing on a major exchange hit the headlines of all information publications about cryptocurrencies. According to the official Floki Inu #Twitter account, the #cryptocurrency has successfully passed the listing procedure on the Biconomy exchange, one of Canada's leading crypto exchanges. Considering that the Floki Inu community is striving to make its brand…
At the moment, the realized loss can be compared with the absolute lows of the #Bitcoin price in 2014 and 2018. Moreover, in some cases these values were even exceeded. Perhaps Bitcoin has reached the bottom or is very close to it. The seven-day simple moving average reached its second highest level yesterday. It was surpassed only by the fall in May 2021, when Bitcoin fell from the level of $59,000 to a minimum of $30,000 in just a couple of days. Despite the fact that the…
#Bitcoin continues to consolidate in the weekly range. The rate of the main cryptocurrency at the time of writing the review is $ 29400. The #capitalization of the cryptocurrency market is 1245 billion, the Bitcoin dominance index is 44.97%. The market is currently completely calm, characteristic of the annual month of May. And this does not surprise experienced cryptans at all. Most projects postpone their launches to the third quarter, based on the decline in market…
According to CoinGecko, over the past 24 hours, #XRP, which ranks sixth in the list of the largest cryptocurrencies by market capitalization, added 1% and rose to the level of $ 0.4160. XRP lost a little in a pair with #Bitcoin (#BTC) by 1.29% and #Ethereum (#ETH) by 1.6Z%. The market capitalization of the token is about $ 20 billion, being between #Binance Coin (#BNB) with a market capitalization of $ 52.5 billion and above Binance USD (#BUSD) with a market capitalization…
Jim Rogers, an American investor and co-founder of #Soros Fund Management, said he regretted not buying #bitcoin more than a decade ago, when its value in US dollars ranged from $ 1 to $5. Interestingly, in 2020, he claimed that investing in cryptocurrencies is, in fact, a gamble, and predicted that the price of BTC would sooner or later fall to zero. In an interview for the Economic Times, Jim Rogers suggested that the financial system will face serious problems in the next…
The #Wormhole crypto bridge has paid $10 million to a white hat hacker who revealed a bug in his main #Ethereum bridge contract in February. This person is known by the pseudonym satya0x according to an announcement from Immunefi, which collaborated with Wormhole in hosting its bug-finding platform. Wormhole announced the program back in February, shortly after losing almost $323 million in #ETH, as a result of one of the largest #DeFi protocol exploits to date. Soon after,…
On Friday, May 20, the second largest cryptocurrency by market #capitalization, #Ethereum (ETH), fell below $2,000 as the price of bitcoin dropped back into the $29,000 range. As indicated in the tweet of the analytical platform Glassnode, the number of unprofitable Ethereum addresses reached a 2-year high of 33,403,723,452. The graph they compiled shows that the number of unprofitable addresses began to grow at the beginning of 2022. The market is trying to digest the…
The world of blockchain-based digital collectibles has become a direction to be reckoned with, as the #NFT ecosystem has turned into a multi-billion dollar industry. This week's figures show that to date, NFT sales in the entire history of trading have exceeded $ 36 billion. Sales of $36 billion, recorded Crуptoslam.io , are associated with 18 different blockchains, such as #Ethereum, #Ronin, #Solana, #Avalanche, #Wax, #Polegon, #Flow and others. The volume of NFT sales in…
Results of the week: 1.Peter Schiff predicted the $8000 #Bitcoin test! Gold supporter and critic of the first cryptocurrency Peter Schiff said that the price of bitcoin will test the lower limit of the corridor around the $8000 mark. He came to this conclusion based on technical analysis. At the same time, Glassnode analysts noted that against the background of the collapse of #UST, #BTC quotes approached the level of a fair price. 2.Do Kwon offered to conduct a #Terra hard…
#Ethereum (ETH), the second largest cryptocurrency in the world by market capitalization, is currently experiencing serious pressure from sellers, as a result of which its price has fallen below the $1800 mark. Over the past 24 hours, the price of Ethereum has descended to $ 1,728, which has led to huge financial losses for many wallets containing this cryptocurrency. The latest information provided by the data provider about the Glassnode #cryptocurrency shows that the…
#Bitcoin, #Dogecoin and #XRP began to be accepted as payments by the luxury tour operator Scott Dunn, the #Nuvei organization handles electronic transactions. In March 2021, the Nuvei processor announced support for more than 40 cryptocurrencies, which allows merchants working with the payment service to send and receive payments in 200 countries using various cryptocurrencies. These include Bitcoin, #Cardano, #Ethereum, Bitcoin Cash, #Litecoin, #NEO, XRP, Dogecoin,…
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As a result of the loss of almost one trillion dollars of market #capitalization since the beginning of the year, the number of #bitcoin addresses that store one million dollars in #BTC or more has also decreased. According to statistics BitInfoCharts.com , as of May 28, 2020, the number of BTC addresses with a balance of more than $ 1 million was 77,936. Approximately 5,856 addresses had a total balance worth about $10 million, the remaining 72,080 addresses have a balance…
According to the CEO of Terraform Labs, Do Kwon, the new Terra #blockchain was launched on the main network today at 6 a.m. coordinated Universal time and is now generating blocks. The new network is designed to revive the Terra ecosystem after its algorithmic #stablecoin UST collapsed a couple of weeks ago. The collapse of Terra tokens destroyed about $40 billion of market value. After the fiasco Terraform Labs, the main #Terra developer firm, proposed a new blockchain. It…
The #Solana blockchain clock is half an hour behind real time. The loss of time may not affect network performance, but it may play a role in the annual reward for staking. Solana has faced operational problems in the past, the most memorable of which was the inability to process transactions for several hours. Solana's clock is lagging behind real #time due to slower slot times on the #network, but the team claims that this does not affect performance. The Solana…
#Binance continues to receive licenses in Europe! One of the largest crypto exchanges has made a statement that Binance #Italy has received regulatory approval by registering as a cryptocurrency service provider in the Organismo Agenti e Mediatori (OAM), as required by Italian legislation on crypto assets. The registration of Binance Italy allows it to offer crypto products to its customers in Italy and represents the next step in Binance's growth strategy, allowing the…
Results of the week: 1.The developers launched the #Terra 2.0 main network On May 28, the Terra 2.0 main network was launched, which received the Phoenix-1 identifier. The promised tokens were credited to the participants of the #LUNA airdrop. #Bybit exchange was one of the first to add an asset of the updated project to the listing. The price of the latter initially soared from $ 0.5 to $30, and then sank significantly. LUNA has appeared on other exchanges, including…
About two weeks ago, the price of #Shiba Inu went through a huge drop of more than 30%, then #bitcoin fell below the $29,000 barrier. The token came dangerously close to zeroing the indexes, but then the crypto market began to recover. Despite this, investors continue to increase their stocks of cryptocurrencies. Ha Coinbase trading activity on SHIB has reached new heights as a result of the fact that 77% of investors placed a buy order and only 23% placed a sell order.…
May 2022 is one of the worst in the history of #bitcoin: nine red weekly candles in a row. The crypto market surprises itself at the end of May. The month ends, unfortunately, not with growth, as many had hoped. On Sunday, May 29, bitcoin remained in the same range and its price barely exceeded $29,000. The first cryptocurrency is about to end another week, and if nothing changes dramatically by nightfall, it will be the ninth consecutive week of a downtrend. This has not…
The price of the new #Terra (LUNA) token has fallen by 67% since the launch of the new Terra ecosystem on May 28. The cost of the cryptocurrency at launch was $18.87 and on the same day fell to a minimum at $4.08, according to #CoinGecko. As of May 30, the coin is trading at about $ 6, the trading volume is $ 160 million. New #LUNA tokens are distributed to holders of old Luna Classic (#LUNC) and TerraUSD Classic (#USTC) coins, in accordance with the plan of Terraform Labs…
#Ethereum (#ETH) Percent Addresses in Profit (7d MA) just reached a 22-month low of 56.948%
Since the beginning of 2022, the capacity of the #Bitcoin Lightning Network (LN) micropayment network has grown by more than 15% — from 3316 BTC to 3915 #BTC. According to the 1ML service, there are 85,230 payment channels connected by 17,564 nodes in the second-level network. Earlier, Arcane Research analysts noted that the LN ecosystem is growing faster than its capacity. The latter indicator, according to their data, grew exponentially from April to September 2021 —…
The anonymous founder of the meme cryptocurrency #Shiba Inu (SHIB) Ryoshi Research has deleted all messages from the #Twitter page. True, he hasn't written anything to the social network for a year, but he hasn't deleted tweets before. Ryoshi's last entry was made on May 29, 2021. The author also deleted all entries on the Medium platform. "I am not important, and one day I will leave without warning. Take #SHIB and travel up, friends," the author wrote there on May 30.…
The number of #Ethereum coins blocked in ETH 2.0 stacking in anticipation of the network's transition to the Proof-of-Stake algorithm exceeded 10% of the issue on May 30, and amounted to 12.5 million #ETH or about $25.9 billion. Deposits were placed from more than 73 thousand addresses, according to dune.com , writes RBC Crypto. The transition of the Ethereum network to the Proof-of-Stake algorithm will take place in August of this year, the creator of the cryptocurrency…
While #Bitcoin is trading below $45,000, traders have more reasons for skepticism than positive signs of growth. An exponential moving average with a period of 180 on the scale of weekly candles can be considered a good indicator and the nearest target on the #BTC chart. A break above this line usually indicates a powerful upward jerk of the price (scr. 1). Despite the rather "gloomy" analysis, there are several signs that the market is already in the process of finding a…
#Cardano (ADA) has gained more than 15%, in line with the general crypto market rebound. The ADA price tested lows of $0.44 on May 27 before it rebounded. At the time of publication, #ADA was changing hands at $0.559 after setting intraday highs of $0.566, while setting up to mark the third consecutive day of positive price action. The recent price rise represents a more than 37% increase from its lowest price this month of around $0.39. The Cardano #network has now seen the…
#RippleNet General Manager Ashish Birla has just made a number of interesting comments regarding the future of Ripple and his thoughts on the current lawsuit with the #SEC. First, he confirmed that #Ripple already earns about $15 billion in its payments business alone, which indicates how well the firm is doing. This already proves that Ripple is already working in a way that is resilient to any regulatory outcomes in the United States. One of the most interesting comments…
According to the data, #Tether keeps part of its reserves in a little-known bank in the Bahamas. It is indicated that an undisclosed percentage of the #USDT issuer's reserves is stored in the Capital Union bank. Representatives of the issuer of the #stablecoin refused at the moment to provide information about what their connections with this banking institution are. In turn, officials of the bank itself indicate that all information can be viewed in the annual report. The…
Fear of Missing Out. I can feel FOMO’s omnipresence in the trading world right now. We have seen some large career changing moves in Commodities & Futures as of late. Extend the lookback time a few years and the #Cryptocurrency universe is surely included. I decided to turn to my favorite trading psychologists, Brett Steenbarger, PhD . Brett has been in the trading game since the late 1970’s and his Nov 21’ speech on Trading #FOMO piqued my interest. Below is a summary of…
Bitcoin Surged Above $32,000 #Bitcoin and the entire #cryptocurrency market have been growing in recent days. Indeed, according to data provided by CoinGecko, bitcoin is currently trading at around $32,200 at the time of writing. Over the past 7 days, bitcoin has grown by more than 10%, which indicates the great interest of the community in bitcoin. When it comes to altcoins, the biggest gain among the top 20 was #Cardano (#ADA), which registered an increase of almost 22%,…