Why Bitcoin And Stablecoin Dominance Is On The Rise - BitcoinEthereumNews.com

Ang BTC ay gumagalaw patagilid sa 4 na oras na tsart. Pinagmulan: Tradingview ng BTCUSD  After a major outage to its network, Solana (SOL) records a 16% loss and stands as the worst-performing cryptocurrency by market cap. Terras native cryptocurrency LUNA closely follows with a 15.5%.  Pinagmulan: Arcane ResearchWhat To Expect From Bitcoin In The Short Term?  A separate report from FTX Access claims the market is pricing 50 bps hikes for the upcoming four FED meetings. This would place interest rates at around 2 or 2.5 bps for the end of 2022.  Mga Kaugnay na Pagbabasa | Ang Bitcoin Taker Buy-Sell Ratio ay Rebound Bumalik sa “Hold” Zone  In that sense, FTX Access claims that unless there is a surprise from the financial institution, the market could see some relief:  Powell‘s tone will be interesting but without raising +75bps or increasing the pace of QT it’s a high bar for a hawkish surprise. Some of this is cause for optimism, but unfortunately sentiment is rock bottom.

2022-05-03Bitcoin

ETH Swings Toward 2500 Support - BitcoinEthereumNews.com

ETHUSD - Daily Chart  ETH / USD breaks below $2800 after an unsuccessful attempt to settle above the 9-day and 21-day moving averages. At the time of writing, the Ethereum (ETH) is changing hands at $2765, down 3.18% after touching the daily high of $2861. For the past few days, bears have so far been keeping the market price below the moving averages; hoping to touch the nearest support at $2500.  When compared with Bitcoin, the bears are making effort to step back into the market while the coin is showing some negative signs that could make lower lows if the price moves below the 9-day and 21-day moving averages. On the downside, the nearest level of support lies at 6600 SAT and below.  ETHBTC - Daily Chart  Therefore, looking from the upside, the nearest resistance level is found above the upper boundary of the chanel, above this, further resistance lies at 8000 SAT and above. The technical indicator Relative Strength Index (14) is likely to cross below the 40-level which indicates that more bearish signals may come to focus.

2022-05-03Ethereum

Former Visa Executive Appointed as EMEA VP of Policy at Crypto.com

Crypto.com, a digital currency trading platform, has hired Roeland Van der Stappen, a Brussels-based regulatory expert, as its new Vice President of Policy in charge of Europe, the Middle East, and Africa (EMEA).  Van der Stappen confirmed the appointment on his LinkedIn page, revealing that he is preparing to enter the crypto and Web3.0 worlds.  “I‘m happy to share that I’m starting a new position as Vice President, Policy and Engagement, EMEA at Crypto.com! Looking forward to diving into #crypto and #Web3 policy issues and begin sharing all the great things my colleagues are working on,” Van der Stappen announced.  Van der Stappen had a distinguished career, most notably as the Head of Regulatory Affairs for Visa, the American payments processing behemoth. His diverse skills will benefit Crypto.com in its quest of regulatory compliance across the board.  Regulators have started scrutinizing cryptocurrency exchanges as the necessity to conform to a comprehensive Anti-Money Laundering (AML) legislation becomes more of a global movement. The trading platform has maintained its status with market watchdogs all over the world in an impressive manner over the last year, thanks to the hiring of a number of veterans who have assisted it in navigating the tricky terrain with regulators.  Cryptocurrencies have

2022-05-03Malalim na Pagsisid

Otherdeeds of Yuga Labs Sold as Startup Raises Over $320M

Yuga Labs, the blockchain startup in charge of the Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT) collection and ecosystem, has made history yet again with the successful sale of Otherdeeds, the doorway to the Otherside metaverse, which was revealed in March. The firm made around $320 million in revenue based on the minting price of $305 ApeCoins (APE) and the total 55,000 Otherdeeds for sale.  The build-up to the Otherside debut was packed with a lot of speculation in the community, just like the Bored Ape project was. Yuga Labs did not reveal the methods by which the launch will take place. In the absence of certainty, interested collectors braced themselves for a Dutch auction; however, given the complications and demand, the Yuga Labs team set the minting price at a fixed 305 APE (worth around $5,800 at the time of sale).  As expected, there was a big gas war, with statistics showing customers paying costs ranging from $4000 to $10,000, preventing many prospective collectors from participating in the sale. Despite this, the allotted 55,000 Otherdeeds were sold out to over 27,000 collectors, with the remaining 45,000 held for BAYC and Mutant Ape Yacht Club (MAYC) owners to claim within 21

2022-05-03Malalim na Pagsisid

Ethereum users suffer over 10,000 failed transactions costing $4 million in fees on ‘Otherside’ mint - BitcoinEthereumNews.com

On April 30, Yuga Labs, the creators of Bored Ape Yacht Club (BAYC), launched their much anticipated “Sa kabilang panig” metaverse land di-fungible token (NFT) mint on Ethereum.  Even though the Yuga Labs team naglalagay before the launch that they were taking precautions to “dramatically soften the potential for a massive gas war,” the mint ended up producing the highest gas surge in the history of Ethereum, with daily average gas prices reaching over 800 GWEI over $150 million spent on gas fees during the mint, according to data mula CoinMetrics.  ETH gas price: Source: CoinMetrics  The frantic drive to mint resulted in a significant number of transactions that did not go through. Over 10,000 unsuccessful transactions and over $4 million in failed transaction fees were incurred by users who attempted to mint but set the gas price too low, resulting in their transaction not being validated before supplies ran out.  Mint attempts: Source: takenstheorem  Since payments from unsuccessful transactions canot be recovered directly, Yuga Labs has committed to refunding the fees from their own pockets to individuals who have been impacted.  Why are the ETH gas fees so expensive?  Each time an Ethereum transaction is sent, users essentially determine the maximum gas price they are prepared

2022-05-03Ethereum

Crypto Donations on Wikimedia Platforms Have Been Stopped

The Wikimedia Foundation has stated that bitcoin donations will be suspended across all of its sites.  The move was necessitated by requests from the Foundations donor community, as stated in an announcement shared by the Foundation.  The Wikimedia Foundation is an umbrella organization for a collection of platforms that follow the Wiki style of website, which allows for modification by multiple internet users. Wikipedia, Wikibooks, Wikiversity, and Wikinews are some of the branches within the companys body.  The Wikimedia Foundation began accepting digital currencies for donations in 2014 at the request of its community, and it stated that the decision to discontinue these forms of donation is the result of months of discussion by the same community about the suitability of digital assets as donation assets for the platform.  “The Wikimedia Foundation has decided to discontinue direct acceptance of cryptocurrency as a means of donating. We began our direct acceptance of cryptocurrency in 2014 based on requests from our volunteers and donor communities. We are making this decision based on recent feedback from those same communities,” the announcement from the foundation reads.  According to the Wikimedia Foundation, the implication of the move is that it will close down its Bitpay account, removing its capacity to

2022-05-03Malalim na Pagsisid

Global Payments Associates with Bakkt to Offer Cryptocurrency and Loyalty Programs

Bakkt Holdings, Inc, a fintech startup that provides crypto solutions, established a strategic agreement with Global Payments Inc, a US firm that provides payment technology and services to merchants, issuers, and consumers, on Monday, to increase cryptocurrency use cases.  As a result of the strategic relationship, Global Payments will be able to offer cryptocurrency redemption to its consumers. Global Payments will also be able to expand its banking-as-a-service bankcard options to include consumer access to cryptocurrencies, as well as leverage its issuing technology to integrate crypto into its virtual, debit, credit, and prepaid solutions as a result of the agreement. Furthermore, Bakkt will work with Global Payments to accept transnational merchant payments.  The latest breakthrough is part of Bakkts ongoing attempts to increase crypto usage inside the payment ecosystem.  Bakkt teamed with American Bank last month to enable the banks customers to buy, sell, and keep Bitcoin and Ethereum. Bakkt recently teamed with Wyndham Hotels s rewards members to utilize their points with Apple Pay and Google Pay.  Bakkt teamed with Google last October to bring digital assets to millions of consumers. Google was able to broaden the reach and use of digital assets as a result of the relationship, in order to fulfill

2022-05-03Malalim na Pagsisid

Ang Balanse ng SHIB ng Nangungunang ETH Whale ay Bumababa sa $1 Bilyon: Ulat - BitcoinEthereumNews.com

Yuri Molchan  Ang kabuuang balanse ng Shiba Inu na hawak ng mga Ethereum whale ay bumagsak nang husto, habang ang balyena na ito ay nakakuha ng 300 bilyong meme token  Nilalaman  Ang balanse ng SHIB ng mga balyena ay lumiliit ngunit ang barya ay nananatiling #1 asset  Ang mga balyena na ito ay nakakuha ng 300 bilyong Shiba  Habang Nananatili ang SHIB ang pinakamalaking hawak ng nangungunang 100 ETH whale sa katumbas ng USD, ang supply ng pangalawang pinakamalaking meme cryptocurrency na hawak ng mga mamumuhunang ito ay nakakita ng malaking pag-usad, na mas mababa sa katumbas ng $1 bilyon.  Pansamantala, ang isa sa mga balyena ay nanganganib na bumili ng nakakagulat na tipak ng Shiba Inu—301 bilyong token.  Ang balanse ng SHIB ng mga balyena ay lumiliit ngunit ang barya ay nananatiling #1 asset  Ayon sa pangunahing pahina ng WhaleStats website, na sumusubaybay sa 100 pinakamalaking wallet sa Ethereum, ang Shiba Inu ay nananatiling numero unong asset ng crypto para sa pinakamalaking wallet sa Ethereum chain.  Gayunpaman, kumpara noong Mayo 2, ang kanilang Balanse ng SHIB ay nahaharap sa isang makabuluhang pagbaba, bumababa mula bahagyang higit sa $1 bilyon hanggang sa kabuuang $983,338,440.  Ads  Noong nakaraang linggo, ang supply ng Shiba na pag-aari ng mga mamumuhunang ito ay nag-iba-iba sa

2022-05-03Ethereum

Bitcoin, Ethereum, Other Coins Now Supported By Argentinas Biggest Private Bank - BitcoinEthereumNews.com

Galicia has a total client base of more than 4 million retail and business customers. (Image credit: Bloomberg.com)Bitcoin & Other New Investment Features  Banco Galicia, Argentinas largest private bank, stated Tuesday that it will allow customers to invest in bitcoin and other cryptocurrencies through a range of “new investment opportunities.”  “Banco Galicia introduces a new and creative service for its customers, allowing them to purchase, sell, and store cryptocurrencies in a simple, secure, and one-stop shop,” the bank said.  Customers posted screenshots of their purchasing options Tuesday, and Banco Galicia verified the services activation in an emailed statement.  Banco Galicia & Lirium Team Up  According to several sources, Banco Galicias service is handled in collaboration with Lirium, a Liechtenstein-based crypto product for digital wallets and mobile banking apps.  Banco Galicia allows users to purchase and trade cryptocurrency but not to withdraw or send it, Lirium COO Martin Kopacz explained, adding that the lender also provides a custody service.  The bank has a total client base of over 4 million retail and business customers. It operates over 600 branch offices worldwide. Kopacz said the company intends to roll out the new crypto service to all of its customers by the middle of this month.  Galicia is a subsidiary of

2022-05-03Ethereum

Ethereum Price Analysis: ETH Faces Uphill Task - BitcoinEthereumNews.com

Presyo ng Ethereum  Sa pagtingin sa mga tsart, Ethereum price is clearly trading below the $2,900 zone and the 55 simple moving average (4-hours). Overall, ether price must clear $2,870 and $2,980 to start a fresh increase in the near term.  Teknikal na mga tagapagpabatid  4 na oras MACD – Ang MACD para sa ETH/USD ay nawawala na ngayon ang momentum sa bullish zone.  4 na oras RSI (Relatibong Lakas ng Index) - Ang RSI para sa ETH / USD ay nasa itaas na antas ng 50.  Mga Antas ng Pangunahing Suporta - $ 2,800, na sinusundan ng $ 2,780 zone.  Pangunahing Paglaban $ Mga Antas - $ 2,880 at $ 2,980.  Tags: ETH, Ethereum

2022-05-03Ethereum
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