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With only two days remaining for September, XRP records its best month so far. However, the bearish trend reversal has not yet been confirmed. Technical Analysis By Grizzly The Weekly Chart Last week, XRP reached (and was rejected) to a critical level of $0.56 on the weekly chart. This resistance is combined of the ascending […]
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...Read More: Thai SEC Comes After Bitkub Exchange, OpenSea Rewards Whitehats, BIS Working With (at Least) 7 Central Banks on CBDC Projects + More News
Terra Classic welcomes more projects, as the list of projects supporting the LUNC shows growth in a few days. Terra Classic (LUNC) has had to battle a negative outlook emanating from the Terra collapse and the effects of the persistent bear market. A third factor that impedes the asset’s growth is the recent untoward […]
The Fed has been in the news quite a bit as of late. At the end of August, the agency stirred controversy when Jerome Powell gave a five-minute speech talking about more rate hikes. Naturally, crypto fans throughout America got extremely worried about what could happen to their assets, which have been falling in price...
The data platform Space and Time aims to transform centralized databases into trust-free data sources powered by smart contracts and has received funding from Web3 and other Internet companies. The decentralized data warehouse has acquired $20 million in strategic finance, led by M12, Microsoft’s venture capital division. The announcement was issued two months after the Web3 data warehouse received $10 million in a seed round and before the platform’s alpha release. #SpaceandTimeDB is the first decentralized data warehouse built for smart contracts. We’ve partnered with leading VCs and #Web3 visionaries to power the next generation of smart contract use cases. 🚀ⳠLearn more: https://t.co/dRdKo14cGF pic.twitter.com/ZUzRSglYQI — Space and Time (@SpaceandTimeDB) September 27, 2022 M12 Leads $20M Strategic Funding Space and Time claimed to have acquired $20 million in strategic investments. Investors like Microsoft’s M12 fund, the business’ venture capital division, Avalanche (AVAX), and Polygon (MATIC) provided the funding. Other Web3 communities and angel investors participating in the investment include Framework Ventures, HashKey, Foresight Ventures, SevenX Ventures, Stratos, Hash CIB, and Coin DCX. Nate Holiday, the CEO of Space and Time, claimed in an interview that they want to develop a more developed, enterprise-secure database system from the outset. He further stated, “The funding is going toward engineering the more m...
Bitcoin’s price has yet to break out of the consolidation phase, as the price has been trapped in an extensive range between $24K and $18K over the past few months. Currently, the market is testing the significant support level at $18K as the asset aims for a rebound to the upside. Technical Analysis By: Edris […]
Scams related to crypto wallet and gateway MetaMask are on the rise amid developments including the Ethereum Merge and Cardano’s Vasil hard fork. The scam Twitter account “@MetaMaskUpdates” on Wednesday warned users about a critical security issue with the MetaMask protocol. It claims the security issue allows attackers to withdraw assets from any user’s wallet
Upbit wants to divide the Terra classic (LUNC) transaction fees into three different plans. Leading South Korea exchange Upbit has revealed that it will channel LUNC transaction fees charged during the Terra crisis into various initiatives. Upbit noted that the total LUNC transaction fees it got during the Terra crisis were 239.13025970 Bitcoin […]
In an odd twist of events in decentralized finance (DeFi), an Ethereum arbitrage trading bot succeeded to won the jackpot and lost it all on the same day. Robert Miller, a researcher at the company Flashbots, revealed on Twitter how a Maximal Extractable Value (MEV) bot with the prefix 0xbadc0de made 800 Ether (ETH), or almost $1 million, through arbitrage transactions. Imagine making 800 ETH in a single arb … and an hour later then losing 1100 ETH to a hacker Here is the story of 0xbaDc0dE, an MEV bot who gained and lost it all in a few hours tonight — @bertcmiller âš¡ï¸ðŸ¤– (@bertcmiller) September 27, 2022 MEV Bot Trader Miller claims that a trader tried to sell $1.8 million in cUSDC using the decentralized exchange (DEX) Uniswap v2 but received just $500 worth of assets in return, presenting a remarkable arbitrage opportunity for the bot. The bot quickly acted after spotting this chance to capitalize and made enormous earnings. However, a hacker took advantage of a flaw in 0xbadc0de’s “bad code” just an hour later, tricking it into approving a transaction that wiped its account of 1,101 ETH, which at the time of writing was equivalent to $1.41 million. According to PeckShield, the bug can be traced back to the bot’s callback procedure, which the hacker used to authorize an arbitrary address for spending. #MEV A very profitable MEV bot, internally named as 0xbad, was somehow tricked/hacked with 1,101 ETH loss (~$1.45M) in the fo...
The CEO of digital asset hedge fund Pantera Capital, Dan Morehead, is revealing an “existential risk” that the crypto industry faces. Morehead says that most of the risks that the crypto industry has encountered since its inception have disappeared but the regulatory risks remain. “I think the biggest kind of existential risk that I worry […]
Crypto-friendly payments app Revolut is the latest to be approved by the Financial Conduct Authority (FCA), the United Kingdom’s regulatory body, making it the latest crypto app to be able to offer crypto products and services in the country. The update means that Revolut was found to be compliant with regulations regarding money laundering, terrorist […]
The Global cryptocurrency market is trading under huge selling pressure over the past few months. However, Bitcoin, the world’s largest crypto has outperformed major traditional market assets. Bitcoin prices down by 4.5% in last 30 days According to a report by Arcane Research, Bitcoin has managed to surge by 0.8% in September against the USD.
Terra Luna Classic (LUNC) shocks the crypto market once again as it pumps over 15% in the last 24 hours. Shortly after pumping back up to $0.000296, LUNC retraced slightly down to $0.000279 and must now retest $0.00029. Will Terra Luna Classic recover back to $0.00032 in October? LUNC is available on OKX. Moments before Terra Luna Classic (LUNC) broke out today I had warned members the price was about to do something special in my official discord channel....Read More: Terra Luna Classic (LUNC) Crypto Price Prediction October 2022
Alex Mashinsky, the Chief Executive Officer of the bankrupt crypto lending platform Celsius Network has submitted his resignation letter to the Special Committee of the Board of Directors of the company. Amidst the extreme market conditions, Alex on Tuesday said he is dropping his position as the firm’s CEO effective immediately. Although he will still […]
XA Group, an all-inclusive technology-driven automotive solutions provider has floated Addenda – a blockchain-based solution for insurers according to local media reports. On the back of XA Group’s automotive repair and insurance solutions, Addenda will facilitate, centralize and manage communications during the reconciliation process. As a leader in automotive aftermarket services, XA Group also plans […]
Karate Combat, a well-known full-contact martial arts league, declared its choice to create a decentralized autonomous organization (DAO) to hand over control to participants and fans. The sports league informed through a tweet on August 28 that Karate Combat would announce the biggest giveaway in the history of sports on September 28. Karate Combat DAO’s Debut The DAO for Karate Combat will debut in December 2022 as part of a three-year sponsorship agreement with Hedera’s HBAR Foundation. The league’s budget, resource allocation, supplier choice, marketing plan, and rule amendments are just a few of the decisions that Karate Combat’s internal governance token holders can vote on. Karate Combat will be the first sports league to form a DAO 🚀 We're going to trust you all to help us run the league – lets see how this goes Get your $Karate tokens for free by signing up at https://t.co/70ZKOdRiFL #LFG #KarateCombatDAO pic.twitter.com/E8k0lG3irh — Karate Combat (@KarateCombat) September 28, 2022 Additionally, depending on specified bounds of power, the DAO will allow fans to vote on choices about athletes, such as fighter contracts and fight pairings. Karate Combat intends to offer the community free access to 50% of its internal tokens, which they can use to participate in the DAO and a gaming application. Worldwide Participation Is Expected As the league airs on popular internet networks like CBS Sports, Eurosport, YouTube, and ...
As more expansions and innovations in cryptocurrency emerge, many nations are utilizing its unlimited possibilities hence, the development and exploration of central bank digital currency (CBDC) are increasing in several countries. Many problems are associated with traditional banking in the global system today. These issues have spiked the need and demand for an alternative in […]
INTERNET CITY, DUBAI, Sep. 28, 2022 – LBank Exchange, a global digital asset trading platform, has listed TEAM STORY YEON TOKEN (YEON) on September 28, 2022. For all users of LBank Exchange, the YEON/USDT trading pair is now officially available for trading. Utilizing the power of blockchain technology, the YEON project is here to build...
Shibarium is just around the corner as the Shiba Army expects the canine coin to catapult after launch.Continue reading Shiba Inu (SHIB) To Launch Shibarium Testnet This Week As Burn Rate Spikes 95% at DailyCoin.com.
The popular blockchain oracle network’s new “Build” and “Scale” programs set the stage for the LINK token staking to begin in December 2022, said cofounder Sergey Nazarov.
The Bank for International Settlements (BIS) has announced the successful completion of the “first CBDC pilot,” as part of the second phase of Project Inthanon-LionRock. Project details The project, which took place between 15 August to 23 September, saw participation from 20 banks as well as the central banks of four different jurisdictions, namely Hong […]
INTERNET CITY, DUBAI, Sep. 26, 2022 – LBank Exchange, a global digital asset trading platform, will list Genesis Token (GTN) on September 29, 2022. For all users of LBank Exchange, the GTN/USDT trading pair will be officially available for trading at 10:00 UTC on September 29, 2022. Based on the most advanced blockchain generation –...
Following four consecutive Bitcoin mining difficulty increases, the network’s difficulty dropped for the first time in 68 days, sliding 2.14% at block height 756,000 on Tuesday. The change means it’s currently 2.14% easier to find a bitcoin block reward following the mining difficulty’s all-time high (ATH) that took place on September 13. Bitcoin Difficulty Slides […]
The IOTA Technical Analysis shows a channel breakout rally reversing from the 100-day EMA to retest. So, should you consider buying this retest? The IOTA price action displays the bullish candle forming on 26th September breaking the resistance trendline. However, the increased supply at the 100-day EMA reverses the trend to retest the bullish breakout. So, should you consider buying more during this retest phase? Key Points: The IOTA price action teases a retest entry opportunity. The MACD indicator shows an increasing bullish spread. The intraday trading volume in IOTA is $42.77 million. Source – TradingView IOTA Technical Analysis The IOTA price action shows a bullish reversal from the support trendline of a falling channel breaking the resistance trendline. With a 24% jump within five days, including the bullish engulfing candle of 13% on the last day, bulls undermine the 18% drop within the bearish pattern. The reversal rally breaks the 50-day EMA and the $0.30 horizontal level with the support of increased trading volume. However, due to the high supply inflow at 100-day EMA, the price trend took a bearish turnaround resulting in a retest of the broken level with two Doji candles. Based on the price action analysis, the Doji candles represent a reversal possibility when formed at areas of interest. Hence, the retest at $0.30 comes as a bullish entry opportunity for the sideline traders. Upon successful post-retest revers...
As a worldwide search for Do Kwon continues, the co-founder of the collapsed Terra network has come out to clarify that he did not move Luna Foundation Guard’s (LFG) reserves to digital wallets of KuCoin and OKX exchanges.
CFTC Chairman Rostin Behnam recently stressed the difficulty of classifying crypto, noting that they have to rely on 70-year-old case law to determine what’s a security or commodity. For some time, the cryptocurrency community in America and beyond has called for regulatory clarity in the cryptocurrency industry. The American regulatory scene has provided room […]
SummaryThe two main approaches to implementing decentralized social networks using a blockchain are decentralizing the social graph and sufficiently decentralizing protocols.Sufficient decentralization is when the most primitive action (registering) is delegated to the blockchain.Decentralizing the social graph builds on sufficient decentralization and delegates many actions to the blockchain (e.g. follows and posts).The key idea behind decentralized social networks is giving users the choice to exit from any application whilst maintaining their social connections.
The Bank of England is pivoting to quantitative easing to protect the macroeconomic condition in the United Kingdom. The Bank of England will buy long-dated government bonds to restore balance in the UK economy. The Sterling Pound has fallen to its lowest level against the US dollar after the new UK PM revealed their tax
Play to earn is quickly becoming a thing in many gaming spaces, where players can either have winnings in NFTs or crypto. Gaming has existed for a long time, and many people have had their moments with a console or have used their phones to play a game. The significance of gaming to the world […]
Bitcoin [BTC] has been attempting mid-week bounces for the last few weeks to break free of the ongoing bearish grip. The latest observations in the market suggest that a similar outcome might occur this week and here’s why. According to a Cryptoquant analysis conducted by MAC_D, Bitcoin reserves in the spot market dropped in the […]
Ribbon Finance, known for its on-chain structured products, announced that it is creating an options exchange to increase demand for its services among knowledgeable crypto traders. Aevo, unveiled at Tokens 2049 in Singapore, will initially let users trade options on ether, with ambitions to introduce options on Bitcoin (BTC) and other tokens in the upcoming months. Ethereum Options Exchange According to Ribbon founder Julian Koh, the options exchange should experience daily trading volumes of over $100 million in the coming months. He also stated that the Ethereum ecosystem had “gained momentum” following the Merge event earlier this month. The decision to start an Ethereum options exchange is also consistent with Ribbon’s earlier offerings. The project’s most well-known product, Theta Vaults, generates yield for consumers by using an automated options strategy. Products From Ribbon Finance’s Portfolio Ribbon Finance launched Ribbon Earn and Ribbon Lend, which allow users to earn and lend cryptocurrency, respectively. Market makers who have gone through KYC and AML procedures can apply for uncollateralized loans made using Lend. The Decentralized Option Vaults (DOV) product from Ribbon is well-known in the cryptocurrency community because it enables users to create income using various strategies that utilize financial instruments, including options, derivatives, and other fixed-rate crypto products. Users receive over 25% in...
Summary: Sam Bankman-Fried could acquire assets from bankrupt crypto lender Celsius, Bloomberg reported. SBF already acquired Voyager Digital assets in a massive $1.4 billion deal. Celsius is the process of restructuring and regaining stability after falling into insolvency earlier in the year. CEO Alex Mashinsky stepped down on Tuesday as part of the process, reports say. Sam Bankman-Fried, CEO of crypto exchange FTX and its sister firm Alameda, could table bids for Celsius assets as the beleaguered crypto lender navigates […]
Out of the top 100 cryptocurrencies listed in coinmarkcap, the QNT is one of the few coins painted in green. Moreover, the altcoin has been on a winning streak for the last seven days, registering a growth of 34%. The Quant coin price currently trades at $135.4, trying to sustain above the breached $131.5 resistance.
The CAKE Technical Analysis shows a breakout rally gaining momentum as the buying pressure increases. Will this rally reach the 200-day EMA? The CAKE price action displays a rising trend within a triangle breakout consisting of multiple lower rejection candles. The breakout rally exceeds the consolidation range with the overhead resistance at $4.5. So, should you consider buying PancakeSwap with this range breakout? Key Points: The PancakeSwap price action teases an uptrend to $5. The MACD indicator shows a bullish trend growing stronger with new positive histograms. The intraday trading volume in PancakeSwap is $55.02 million. Source – TradingView CAKE Technical Analysis As mentioned in our previous analysis, the CAKE price action shows a bullish reversal from the 100-day EMA, giving a successful post-retest reversal. Moreover, the reversal rally breaks the consolidation range height at $4.5, giving another breakout entry opportunity. The reversal rally accounts for a 12% growth last month, increasing the possibility of a bullish crossover between the 50 and 100-day EMA. Furthermore, the increasing number of lower price rejection candles driving the uptrend shows a high likelihood of an uptrend to the 200-day EMA. The intraday trading volume shows few spikes in buying pressure supporting the bullish candles, increasing influence over the price chart. So, if the buying pressure sustains, the CAKE price action will continue the...
Poor Michael Saylor. As if the man doesn’t have it bad enough. Michael Saylor Has Serious Tax Woes Not long ago, the billionaire investor and CEO was ousted by his own company after more than 30 years in a top executive position following his many bitcoin-related decisions… Decisions that ultimately put the company in heavy...
Bitcoin was back in the red on Wednesday, as U.S. Federal Reserve Chair Jerome Powell called for more regulation in decentralized finance (defi), citing “structural issues” as a key reason. The token fell below $19,000 on the comments, moving closer to a key support point as a result. Ethereum also slipped following yesterday’s rebound, with […]
FTX.US President Brett Harrison and Celsius CEO Alex Mashinsky both resigned yesterday, following departures from a list of other top crypto executives. They follow Genesis CEO Michael Moro, Microstrategy CEO...
Today, in a blog post, IOTA Foundation announced the launch of Shimmer Network after two months of beta testing. Running on the network at total capacity, it will open up many opportunities to tokenize anything from real-world assets to fan tokens natively on the Layer 1 blockchain without fees. IOTA’s Shimmer Network Introduced in 2021, the Shimmer Network is a staging network of the IOTA blockchain. It is a Layer-1 innovation network that will eventually increase incompatible virtual assets. Like IOTA, Shimmer is also a DAG-grounded correlated settlement layer with higher L2 anchoring capacity. It will serve as a free base layer and bridge for innovators to produce new, cutting-edge inventions. The Stardust module is the project’s focal point. It enables the development of smart contracts and the opportunity to execute NFTs and other forms of tokenization. The Shimmer Network may, in the future, choose to anchor DeFi apps. The SMR coin will offer monetary benefits for using the Shimmer Network upon its introduction. It is still uncertain whether SMR will be quickly accessible for trade in other markets. IOTA: An Alternative To Blockchain IOTA is an internet of things ledger built on the Directed Acyclic Graph Tangle technology (DAG). It symbolizes a network where all transactions can occur concurrently, and each new transaction verifies the two preceding ones. IOTA addresses the issue of user and validator segregation that c...