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BitMEX will undergo a scheduled downtime for options trading on September 24, 2024, from 04:00 to 04:30 UTC, impacting deposits and trades. (Read More)
BitMEX has announced a scheduled downtime for options trading on September 1, 2024, from 03:00 UTC to 05:00 UTC. (Read More)
Keith Gill, known for his role in the GameStop saga, surprises the market with a significant stake in Chewy.
Real estate investment firm in the United States has introduced a tokenized fund with institutional support, marking a significant development in the blockchain and real estate sectors. This innovative approach to fund management leverages blockchain technology to tokenize assets, allowing investors to access real estate opportunities in a more efficient and transparent manner. By tokenizing [...]
Bitcoins prolonged correction is driven by a sharp decrease in demand for nearly all investor cohorts.
MetaPlanet, a prominent technology company, has successfully repaid its bonds on schedule, showcasing its financial stability and commitment to its investors. This positive news comes amidst a period of volatility in the cryptocurrency market, with Bitcoin experiencing some downward movement. CEO of MetaPlanet, John Smith, provided insightful comments on the company’s ability to honor its [...]
The post CEO Comments on Bitcoin Volatility as Metaplanet Repays 2 Billion Yen Bonds Ahead of Schedule appeared first on Crypto Breaking News.
On Thursday, the Arbitrum airdrop claiming process went live and ARB markets dropped more than 85% lower than pre-IOU market prices recorded the day before. Arbitrum airdropped just over a billion ARB tokens, or 11.6% of the total supply. At noon ET, more than 474 million tokens had been claimed. Wild Volatility for ARB Token: [...]
The post Arbitrum Airdrop Goes Live: ARB Price Drops More Than 85% appeared first on Crypto Breaking News.
Since the fateful Terra Luna debacle, there has been a lot of activity around the original Terra project which was renamed Terra Luna Classic after the Terra hard fork that resulted in the creation of Terra 2.0, which retained the original Terra LUNA (LUNA/USD) token. Baby Luna Classic is the latest project affiliated with Luna Classic to be launched.
Being a promising Binance Smart Chain project, the Baby Luna Classic is already gaining traction within the BSC ecosystem.
To help traders seeking to take early advantage of the new Baby Luna Classic project, Invezz has prepared this brief guide on where one can purchase its native token, BLUNC.
To find out more, please continue reading.
Best places to buy Baby Luna Classic tokenWhat is Baby Luna Classic?Baby Luna Classic is a cryptocurrency community built on the Binance Smart Chain. It was launched in September 2022.
It is an incredible community that features a combination of utility, fun, and passive income. It aims at building a huge DeFi ecosystem where passive income and reward tokens will be a rule.
The Baby Luna Classic community has a native token denoted as the BLUNC token. BLUNC token holders are rewarded with 5% Luna Classic (LUNC) tokens after each transaction.
The Baby Luna Classic project rewards its holders while burning Luna Classic for the crypto world. In the future, BLUNC token holders will also be able to mint NFTs.
Should I buy BLUNC today?If you want to invest in a new cryptocurrency project, then Baby Luna Classic could be a good option.
However, the crypto market is extremely volatile and especially for new projects which haven’t been proven yet.
Baby Luna Classic coin price predictionIt is currently difficult to provide a precise BLUNC price prediction since there is no historical data on the token owing to the fact that it is a new project.
Nevertheless, the BLUNC token is expected to gain traction especially since it supports the highly hyped LUNC burn.
$BLUNC social media trendsOur NFTs are on the way! Get ready for some LUNC burn!#BABYLUNC #LUNCCommunity #terraclassic #babylunaclassic
— BABY LUNC (@Babyluncbsc) September 21, 2022Baby Luna Classic has advertised on https://t.co/feDQt4UK0b, the first and largest China-centric coin index! ??
Officially partnered and powered by Dexscreener and PinkSale
Remember to vote for us: https://t.co/xsX7F9DVaz#BABYLUNC #LUNCCommunity #terraclassic #babylunaclassic pic.twitter.com/l51Rb358t6
The post Where to purchase the newly launched Baby Luna Classic appeared first on Invezz.
Bitcoin (BTC/USD) remains perched above $21,000 on Monday morning, having scrapped through the weekend without breaching the psychological $20,000 mark.
However, having touched lows of $20,700 over the weekend, and intraday lows of $20,900 so far today, the benchmark crypto could yet see new losses. Bitcoin’s 24-hour performance is -1.3%, while over the week, it has lost more than 12%.
Bitcoin’s bearish outlookThe risk-off sentiment across risk markets continues following last week’s negative closes for equities and crypto, with fresh fears over the US Federal Reserve’s likely push for another 0.75% rate hike.
A look at the daily chart shows the moving average convergence divergence (MACD) has flipped negative.
The closely watched indicator, which technical analysts use to gauge potential momentum direction, has the short term outlook for BTC in the bearish zone. The MACD, as shown in the chart above, remains below the signal line, with the bearish crossover having seen sellers push Bitcoin from highs above $25,000 last week.
The 50-day moving average is also providing an immediate resistance after price broke below in a -10% return on 19 August.
Chart showing BTC/USD with negative MACD and price below 50-day moving average. Source: TradingViewThe monthly Relative Strength Index (RSI) indicator is also suggesting possible downside for Bitcoin, in comparison to the metric’s outlook in previous bear markets.
“There are initial signs that the Monthly BTC RSI 2015 & 2018 Bear Market Bottoms area (green) is turning into new resistance. If this trend continues, this could spell further downside in Bitcoin’s price over time,” crypto analyst Rekt Capital noted in a tweet on Monday.
Pseudonymous crypto analyst Alt Crypto Gems also sees a possible flip below current support. Pointing to the 4-hour chart and the appearance of another bearish indicator, the analyst opines BTC/USD may fall to support levels near $16,000.
$BTC is looking like it has formed an Inverted Adam & Eve pattern and a bearish divergence (4H chart).
This means; if it breaks down towards the support at $20,700, which was a resistance previously, we might see the pattern play out, and thus drop down towards $16.2K. ?? pic.twitter.com/T7H05ec2n0
Bitcoin fell to lows of $17,600 in mid-June amid the bear market turmoil, which makes current levels crucial. Notably, on-chain and technical analyst Cauê Oliveira noted last week that the levels of “maximum pressure” for Bitcoin could be around the $14.5k -$10k zone.
The post Bitcoin price: here’s what a closely watched technical indicator suggests appeared first on Invezz.
Ethereum Classic (ETC/USD) is essentially an open-source, decentralized, and blockchain-based distributed cryptocurrency and network that has support for smart contract functionality.
Ethereum Classic was formed in 2016 as a result of the Ethereum community’s disagreement regarding a change with the developers surrounding its immutability, where the entire network was affected.
The original blockchain was split into two networks, Ethereum Classic (ETC) and Ethereum (ETH/USD), making Ethereum Classic a hard fork of Ethereum.
ETC is the native cryptocurrency of the network that fills the role of maintaining and operating it.
The main way through which ETC stands out is because it will not switch to Proof-of-Stake (PoS), becoming appealing for miners who are looking for an alternative network where they can mine cryptocurrencies.
The all-time high hashrate as a catalyst for growthOn August 21, 2022, at 02:00:00 GMT, the hashrate of the Ethereum Classic (ETC) network reached 38.1787 TH/s, based on data from CoinWarz.
On August 17, 2022, the hashrate was at 27.0201 TH/s, which gives us an indication that the Ethereum Classic hashrate has increased by 41.3% in the span of 4 days.
This level of growth signifies that miners are looking for alternatives to Ethereum (ETH), as that blockchain specifically will make a move to a Proof-of-Stake (PoS) consensus mechanism, after which miners will need to mine other cryptocurrencies that are still sticking to Proof-of-Work (PoW).
Should you buy Ethereum Classic (ETC)?On August 22, 2022, Ethereum Classic (ETC) had a value of $31.53.
To get a better perspective as to what kind of value point this represents for the ETC cryptocurrency, we will be taking a look at its performance in July, as well as its all-time high point of value.
Taking a look at its all-time high point of value, Ethereum Classic (ETC) reached a value of $167.09 on May 6, 2021.
When we go over its performance throughout the previous month, Ethereum Classic (ETC) had its lowest point of value on July 13 at $13.55.
Its highest point of value was on July 29, when it reached a value of $44.1. Here we can see that it increased in value by $30.55 or by 225%.
With this in mind, investors might be interested in buying ETC based on its historical growth, as we can expect it to reach $35 by the end of August 2022.
The post Ethereum Classic’s hashrate reached an all-time high, should you buy ETC? appeared first on Invezz.
There is a dramatic backward sliding movement from the number one cryptocurrency; Bitcoin has been shading off value consecutively for the past few days. The BTC price has gradually reached a trading level that cuts below the 200-weekly moving average (WMA). With its drastic trend in the south, the token has lost almost 9% of its value in the past 24 hours. In the previous weeks, BTC witnessed the presence of the bulls that surged the price to over 25,200. This value remained BTC’s new all-time high for over two months after the devastating blow of the bearish crypto market. But the progress in the price is suddenly cut short by this week’s performance. The bears have reappeared, and the entire trend is flipped upside down. Related Reading: Investor Sentiment Falls As Crypto Market Sheds $100 Billion Bitcoin price has moved against its overvalued region. This created retracing from its short-term resistance level within this week. In addition, there are observations that whales and other long-term holders dispose of their holdings. This sudden sell-off was as BTC dipped and traded between $23,000 and $24,000. Not only did the BTC price drop, but altcoins and other crypto tokens also followed the downtrend. The entire crypto market has been red as the negative price pattern deepens. The market sentiments are now negative. This is indicated by the crypto market Fear and Greed Index, which dipped from 47 to 30 during the week. The retraction of the bulls is eminent once the sell-off cuts down the BTC price. Hence, the bears emerged to control the trending pattern. The price is below the 200-weekly moving average (WMA) of $23,000. With the presence of bears, the price drop could get below the $21,000 level. Analysts Opinions On Recent Bitcoin Price Plunge The BTC price pattern recently has a bearish divergence flow in the MVRV 7-day Detrend Oscillator. Such a price pattern speaks of a future drop in price. Hence, there’s still the possibility of the Bitcoin price dipping below the $21,000 to $20,000 region. Other factors have influenced the overturn of the crypto market performance. The Federal Reserve’s intention of spiking interest rates in the upcoming months dealt severe blows to the cryptocurrency trend. Also, exchange inflows and excessive sell-off pressures are contributory players. Some crypto analysts in the space have aired their opinions concerning the recent price trend of Bitcoin. These include Crypto Tony, Michael van de Poppe, BigCheds, and Crypto Birb, who predicted the BTC price dropping below the $22,700 mark early. They believe that the 200-WMA will contribute to the new level. Related Reading: Ethereum Sends Red Signals, But Should You Worry About The Long Term? With the BTC’s short-term resistance now at the $25,000 level, investors have the buy-the-dip opportunity. But most analysts are hopeful that Bitcoin will still climb from its low levels. Featured image from Pixabay, Charts from TradingView.com
The Nakamoto Games team is pleased to announce the release of several exciting new developments on the $NAKA platform. The first is a chat feature integrated into the multiplayer waiting room. This feature will help players connect, plan their strategies, and amplify the gaming experience! The second is $NAKA staking that has launched on the […]
Will the ESG FUD ever stop? As a Congressional subcommittee prepares to take a good look at Proof-Of-Work mining, “more than 70” national, international, state and local organizations wrote a letter to the “Congressional leadership.” In it, they use old and unreliable data to get their point across. They completely ignore all of 2021’s research and progress on the matter, because it would invalidate their argument. The question is, will Congress buy their poorly researched, alarmist letter? The ESG FUD hit PoW mining like a ton of bricks in 2021. It might be based on a poor understanding of the subject at hand, but the public in general definitely bought it. And they quote the bogus numbers that their authorities invented left and right on social media. Related Reading | Despite Crackdown, Bitcoin Mining Is Still Alive And Well In China Also, the whole argument completely ignores Bitcoin’s main virtue. The orange coin provides a framework and tools for the world’s transition to a disinflationary system. Paraphrasing “The Price Of Tomorrow’s” author Jeff Booth, in the inflationary system that we live in, there’s a clear incentive for consumption. If your money’s purchasing power decreases by the minute, everybody will logically buy, spend, and consume everything in sight. That is the real monster that the planet’s facing. And Bitcoin fixes it. In any case, Bitcoin’s resident ESG FUD expert, Nic Carter, took it upon himself to reply to the ESG organizations that sent misinformation to Congress. Let’s see how each part did. The ESG Organizations Make Their Point, Nic Carter Counterpoints The ESG organizations come out swinging from the introduction on: “We, the more than 70 climate, economic, racial justice, business and local organizations, write to you today to urge Congress to take steps to mitigate the considerable contribution portions of the cryptocurrency markets are making to climate change and the resulting greenhouse gas (GHG) emissions, environmental, and climate justice impacts it will have.” And their accuracies start from the get-go, also: “In 2018, scientists writing in Nature warned that Bitcoin’s growth alone could singlehandedly push global emissions above 2 degrees Celsius within less than three decades.” Those numbers are ridiculous. The study assumes a progression relative to the number of users of the network, and that’s simply not how Bitcoin works. Even if the whole planet adopted the Bitcoin standard, the network would still produce one block every ten minutes. Energy consumption is not directly related to the number of users. What did Nic Carter respond? That the claim is “false, based on a debunked paper with a completely erroneous model of bitcoin.” 2. bitcoin's energy consumption will 'only get worse over time' most likely will trail off over time, after peaking in the next decade (see https://t.co/8x0koM6nR9 for actually rigorous projections) — nic carter (@nic__carter) January 6, 2022 Right after that, the ESG organizations even throw Ethereum under the bus: “The Digiconomist’s Ethereum Energy Consumption Index estimates that the Ethereum blockchain will consume 71 terawatt-hours this year, nearly the same as the energy consumption of Colombia.” Since the letter is about PoW mining, it makes sense. The Ethereum community seems to have completely ignored the letter, at least over at Twitter. BTC price chart for 01/07/2021 on Bitstamp | Source: BTC/USD on TradingView.com Bitcoin Incentivizes Green Energy Infrastructure The ESG organizations continue their poorly-researched attack with: “The GHG emissions from this exorbitant and unnecessary energy consumption is staggering.” It’s not unnecessary at all. In fact, PoW mining is absolutely essential for a decentralized, permissionless system. And the energy consumption is directly proportional to the security of the network. Plus, it anchors it to the real world. Not to mention the fact that Bitcoin actually incentivizes and finances green energy infrastructure. Then, the ESG crowd accuses Bitcoin of “exacerbating” the global chip shortage: “Increased demand for these machines are exacerbating a global shortage of semiconductors. A bipartisan bill by Senators Maggie Hassan and Joni Ernst has called for a report on how cryptocurrency mining operations are impacting semiconductor supply chains.“ With ease, Nic Carter counterattacks with: “Bitcoin miners are not tier 1 clients, they don’t compete with Apple/Qualcomm/NVIDIA for space; the shortage is due to money printing and the demand shock. See section on semis here.” 5. Atlas/ greenidge increased power prices in NY. The Atlas mine brought back online a fallow coal plant (converted to natgas) which now provides energy to the grid (in addition to mining). That's energy supplied to the grid which wasn't being produced beforehand — nic carter (@nic__carter) January 6, 2022 Texas Doesn’t Know What Its Doing, The ESG Crowd Does Then, the ESG researchers make wild, unbacked assumptions about Texas power: “Following a crackdown on cryptocurrency miners in China, many miners are moving to Texas, due to its deregulated grid, taking away the power that Texans need.” This completely ignores the fact that the state of Texas went to great lengths to attract those miners. And that, unlike the ESG organizations that signed the infamous letter, power companies in Texas regularly attend Bitcoin meetings. They are making an effort to understand the technology and the opportunities it brings to them. Also, as Carter puts it, “Majority of mining is in west texas where transmission bottlenecks mean prices routinely go negative. Huge overcapacity and limited demand for power outside of mining.” Miners also participate in demand response, meaning they aren't online when the grid is overburdened. Their presence dramatically improves economics for renewables and does not compete with households during scarcity events. — nic carter (@nic__carter) January 6, 2022 The state of Texas knows what it’s doing, they see Bitcoin’s future is bright. These ESG organizations think they know better, though: “Adding more energy-guzzling crypto mining operations to Texas could exacerbate the sorts of blackouts the state already saw during the extreme cold in February — outages that reporting shows hit communities of color the hardest.” Wow, playing the race card there. So low. And unrelated. Anyway, answering the claim that miners “could exacerbate” the February blackouts, Carter says. “Miners were/ would have been offline during this time, as we demonstrate here. They also help alleviate ‘black start’ issues through primary frequency response.” 9. Stronghold mining with coal waste is bad (implied) The coal waste was going to oxidize naturally. It was going to combust anyway. This is an incentive to clean up a nasty site leeching into groundwater etc. Neutral from a CO2 perspective and ++ from an ecology view — nic carter (@nic__carter) January 6, 2022 Three Other Prominent Bitcoiners’ Response Are these direct responses to the ESG organizations’ letter? It’s not clear, but the authors published them in the same timeframe. The first one refers to SHA256, the set of cryptographic hash functions that Bitcoin uses. Nunchuk founder Hugo Nguyen said, “Once you understand that SHA256 is close to being 100% efficient at what it does, you’d stop calling it a “waste”. In fact, 100% efficiency is the exact opposite of “waste”. There’s nothing else like it.” Once you understand that SHA256 is close to being 100% efficient at what it does, you’d stop calling it a “waste”. In fact, 100% efficiency is the exact opposite of “waste”. There’s nothing else like it. https://t.co/SLuVrAPfU2 — Hugo Nguyen (@hugohanoi) January 7, 2022 For his part, Swan Bitcoin’s Brandon Quittem attacks the concept of energy consumption being inherently bad. “Energy consumption is directly correlated with GDP. Want to help developing countries? Help them harness more energy. Interestingly, Bitcoin acts as a free market subsidy for energy investment.” 3/ Energy consumption is directly correlated with GDP. Want to help developing countries? Help them harness more energy. Interestingly, Bitcoin acts as a free market subsidy for energy investment. Incentivizes developing otherwise uneconomical energy sources. pic.twitter.com/DJ6yYoz6WO — Brandon Quittem (@Bquittem) January 6, 2022 And Kraken’s Dan Held states that “Bitcoin’s energy consumption is not “wasteful.” Why? Because “It is much more efficient than existing financial systems.” And we’re talking orders of magnitude, here. Not only that, “No one has the moral authority to tell you what is a good or bad use of energy (ex: watching the Kardashians).” 1/ Bitcoin’s energy consumption is not “wasteful.” – It is much more efficient than existing financial systems– No one has the moral authority to tell you what is a good or bad use of energy (ex: watching the Kardashians) Let's debunk this FUD?? — Dan Held (@danheld) January 6, 2022 Do you know how much energy American households use for their Christmas lights? As much as the whole Bitcoin network, that’s how much. Related Reading | Is This The Reason China Banned Bitcoin Mining? Carvalho’s Mind Blowing Theory Where is the letter to Congress protesting Christmas lights, ESG organizations? Featured Image by Karsten Würth on Unsplash | Charts by TradingView
Hotel in the Swiss Alps accept payments in Bitcoin (BTC) and Ethereum (ETH). The five-star hotel Chedi Andermatt foresees business
The post has appeared first on thenewscrypto.com
After four years of negotiations, Chedi Andermatt, a luxury hotel located in the Swiss Alps, finally passed a cryptocurrency payment plan. (Read More)
The issuance of crypto tokens is increasing, with over 600,000 tokens produced so far. However, along with this growth comes potential liquidity risks for investors and token holders. The rise in token issuance reflects the growing interest in the crypto market and decentralized finance (DeFi) projects. These tokens are being created for various purposes such [...]
The post January Sparks Liquidity Concerns with Over 600,000 New Tokens Launched appeared first on Crypto Breaking News.
The value of XRP is currently at a critical juncture, with analysts warning of a potential 30% drop if the crucial support level at $2.20 fails to hold. This development has sparked concerns among investors and traders alike, as a breach of this key support could lead to significant downside pressure on the cryptocurrency. Experts [...]
The post Analyst Warns XRP Could Face 30% Decline if Key Support at $2.20 is Breached appeared first on Crypto Breaking News.
FTX debtors have reported over $4 billion in scheduled assets among various company silos as of November 2022 in a filing with the United States Bankruptcy Court. The report revealed that Alameda Research held the majority of scheduled assets but had "potentially material claims that have been filed as undetermined," while the data surrounding cryptocurrency holdings or transactions was limited. (Read More)
Bitcoins historic $100,000 milestone comes despite sluggish momentum in oil, gold and the S&P 500 index.
BitMEX will undergo a scheduled downtime for options trading on October 23, 2024, from 03:00 to 03:30 UTC, temporarily halting trading activities. (Read More)
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