Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Topics - MUGNIA

Pages: 1 2 [3] 4 5 ... 13

Ethereum News & Updates / Ethereum Classic Hashrate Rises Following Successful Thanos Hardfork

« on: December 01, 2020, 02:52:01 AM »

The ethereum classic (ETC) blockchain’s hashrate has risen to 5.21 TH/S following the successful implementation of the Thanos hard fork in the early hours of Nov 29.

The hard fork, which was primarily intended to increase the chain‘s security by boosting its hashrate, appears to have succeeded.

The hashrate rose from 3.3TH/S pre-fork to 5TH/S in the hours following the fork.

Ethereum Classic: Thanos Hard Fork Background
The Ethereum Classic blockchain uses a Directed Acyclic Graph (DAG) whose main purpose is to prevent hash power centralization in the hands of ASIC miners by providing ASIC resistance that favors GPU miners.

According to ETC devs, this strategy was a success, evidenced later by the development of ASIC miners that could compete favorably with GPUs.

The problem, however, was that the DAG parameters were too aggressive, eventually rendering GPU miners obsolete on the ETC blockchain.

To fix this, the Thanos hard fork planned to reduce the size of the DAG file from 3.95GB to 2.47GB. This would bring GPU miners (rendered obsolete by the large file size) back into the game.

The fork also proposed to double the ETC mining period (epoch) from 30,000 blocks to 60,000 blocks, which would buy existing GPU miners at least another three years.

more : https://beincrypto.com/ethereum-classic-hashrate-rises-following-successful-thanos-hardfork/

Bitcoin News & Updates / BTC Breaks Past $18,000 Again Despite Bearish Whales

« on: November 30, 2020, 12:31:40 AM »

Though whales moved millions of BTC on exchanges in the last few days, the price of BTC has recovered, heading towards ATHs once again.

While Bitcoin never made it back to its all time high of $20,000, it has been pumping over the last week. Many people feel that this time, it’s different.

Earlier this week, the price of BTC dropped from nearly $20,000 near to a resistance of $16,300. Things did not look good as the crypto market has grown tremendously since August. At the end of July, 2020, the total crypto market cap was around $311 million, and now sits at $546 million, according to Coingecko.

ight before and after the Nov 25/26, 2020 dip, there were a number of bearish signals for BTC.

Besides the psychological resistance level of $20,000, things had changed since 2017’s bullrun to question this rise. Now, investors are long term adopters, rather than just speculators, according to a report by Grayscale.

more : https://beincrypto.com/btc-breaks-past-18000-again-despite-bearish-whales/

Ethereum News & Updates / Ethereum on a Tear as It Breaks New Yearly High

« on: November 22, 2020, 03:02:13 PM »

The Ethereum (ETH) price has broken out from the $490 resistance area and has touched a new yearly high. However, ETH is approaching a crucial long-term resistance level which is likely to cause some resistance.

Ethereum’s Long-Term Levels
The Ethereum price has rallied significantly since a sharp drop in March that briefly sent the price below $100. While the price suffered another drop on Sept 4, it has regained all of its losses.

The price is currently approaching a significant resistance level at $545. The area is both a horizontal resistance area and the 0.618 Fib retracement level of the most recent drop.

Furthermore, if the move since Nov 2018 is an A-B-C correction (shown in white below), a likely top for the move would be around $535, the 1.61 Fib level of wave A.

more : https://beincrypto.com/ethereum-on-a-tear-as-it-breaks-new-yearly-high/

Bitcoin News & Updates / Total Open Interest in Bitcoin Futures Hits ATH, but Does It Matter?

« on: November 22, 2020, 02:58:25 PM »

The total open interest on all Bitcoin futures has reached a new all-time high (ATH), according to data from skew.

Futures contracts exist when investors purchase the right to either buy or sell units of an asset at a later date with a fixed price. The concept allows for the prediction of future pricing and rewards for that pricing without actually owning the underlying asset.

All future contracts exist between a buyer and seller as an agreement to purchase at a later time. Open interest in those contracts reflects the total number of contracts that have not been concluded with a sale.

more : https://beincrypto.com/total-open-interest-in-bitcoin-futures-hits-ath-but-does-it-matter/

Bitcoin News & Updates / Bitcoin’s Wave Count Could Help Determine the Top

« on: November 20, 2020, 02:34:49 PM »

The bitcoin (BTC) price has been increasing in what looks like a bullish impulse since the beginning of March.

The price is likely in the fifth and final wave of the impulse and should reach a top in the near future, if it has not already done so.

In this article, waves will be labeled as follows:

Cycle Wave – White
Wave – Orange
Sub-wave – Blue
Minor sub-wave – black

Bitcoin’s Long-Term Count
The bitcoin (BTC) price likely began a bullish five-wave formation (orange) once it reached a low on March 13. The price could be in the fifth and final wave of the impulse, which is a part of a longer-term C cycle wave (white).

Notice the parabolic rate of increase since the wave began in September. If the count is correct, the most likely target for the top of the move would be between $20,330 and 21,168. The target is found by:

- Projecting the 1.61 length of cycle wave A (white)
- The 4.61 Fib extension of wave 1 (orange)
- External Fib retracement of waves 1-3 (black)

more : https://beincrypto.com/bitcoins-wave-count-could-help-determine-the-top/

Crypto currency Mining / Reserve Right (RSR) Jumps Over Resistance to Target $0.03

« on: November 20, 2020, 02:22:58 PM »

The Reserve Rights (RSR) price has been increasing since Oct 7 and just broke out from an important resistance area.
The increase is expected to accelerate if RSR can break out from its current short-term pattern.

RSR Breakout Above Resistance
The RSR price has been moving upwards since it reached a low on Oct 7. The price broke out from the resistance area of $0.0185 on Nov 17, validated it as support in the form of a long lower wick, and has been moving upwards since.

There is a lack of resistance above the current price, and the next resistance area is found near the previous all-time high at $0.03.

more : https://beincrypto.com/reserve-right-rsr-jumps-over-resistance-to-target-0-03/

Stable Coins Forum / Facebook’s Libra Has Changed. But It Still Might Be a Win for Bitcoin

« on: November 02, 2020, 01:58:08 AM »

Facebook’s Libra has changed. Having been roundly criticized after its unveiling in June 2019, it has now updated its white paper in a bid to placate regulators and governments.

Most notably, the new look Libra gets rid of any intention to move to a permissionless ledger. It also introduces a range of stablecoins pegged to single national fiat currencies, in addition to the multi-pegged Libra stablecoin itself.

But while this will likely soften the stance of regulators, how will it affect cryptoassets and the wider blockchain industry? Well, the picture here is mixed, because even though Libra might help crypto adoption, initially, it still might be a major competitor too decentralized cryptoassets such as Bitcoin (BTC) and Ethereum (ETH) and might also harden the stance of governments towards these assets.
(In)direct competition

Unveiled last June, Facebook originally intended Libra to be backed by a mix of currencies and also government debt. However, regulators and central banks quickly became concerned that it could destabilize monetary policy, as well as enable money laundering and threaten user privacy.

As such, its newly updated white paper makes a number of concessions to regulators. Firstly, it takes pains to emphasize that it will comply with all applicable AML (anti-money laundering) and KYC (know your customer) regulations. It also moves from a multi-pegged single stablecoin to lots of single-peg stablecoins.

more : https://cryptonews.com/exclusives/facebook-s-libra-has-changed-but-it-still-might-be-a-win-for-6394.htm

Cryptocurrency Trading / Crypto Adoption in 2021: Bitcoin Rules, Ethereum Grows & Faces Rivals

« on: November 02, 2020, 01:53:55 AM »

Crypto adoption will gain further steam in 2021, according to experts speaking with Cryptonews.com. To date, Bitcoin (BTC) and other cryptoassets have had a very good (yet turbulent) 2020, and with the global economy expected to continue stagnating into 2021 (and beyond), crypto might win additional converts with its promise of greater returns and independence from traditional finance.
2020: How accurate were predictions last year?

Industry players were pretty accurate when sharing their predictions with Cryptonews.com last year.

They predicted that Bitcoin’s May halving would increase demand for the cryptocurrency: this has generally been the case, with the price of bitcoin rising from a low of USD 5,000 to just under 9,000 in the weeks before May 11, and then rising steadily afterwards, briefly hitting USD 14,000 on some exchanges on October 31. However, it still can be argued what was the effect of the halving alone.

more : https://cryptonews.com/exclusives/crypto-adoption-in-2021-bitcoin-rules-ethereum-grows-faces-r-8167.htm

what do you think about this, your opinion is all expected

Cryptocurrency discussions / 3 Altcoins That Could Increase Considerably in the Coming Weeks

« on: February 01, 2020, 03:10:36 PM »

EOS, TRON (TRX) and Ethereum (ETH) have broken out above significant resistance levels or are very close to doing so.

A considerable number of altcoins have posted significant increases in the month of December. In lieu of this, we are going to take a look at three coins that we believe can post similar gains in the coming weeks. These are:

EOS (EOS)
Tron (TRX)
Ethereum (ETH)
Without wasting too much time, let’s dive deep into the analysis.

more : https://beincrypto.com/3-altcoins-that-could-increase-considerably-in-the-coming-weeks/

What do you think ? are you the same as this article?

Binance / Binance CEO Wants You to ‘Monetize Your Friends’

« on: February 01, 2020, 02:48:52 PM »

Binance has been promoting its Futures Affiliate Program with its CEO, Changpeng Zhao, telling his followers to “monetize your friends.”

Would you monetize your friends? Some people might find the comment a little strange, but Binance CEO Changpeng Zhao thinks it’s a good way to promote his exchange’s referrals.

Binance CEO and “Monetizing Your Friends”
In a recent retweet, Zhao promoted Binance’s Futures Affiliate Program where one can earn up to 40% on trading fees. Any friends you invite also receive a 10% discount. As Zhao put it, the opportunity is perfect for those looking to “monetize their friends.” A strange comment, no less, and it was met with general confusion.

Is it appropriate to see your friends as opportunities for monetization? Some on cryptocurrency Twitter didn’t take too kindly to the insinuation.

more : https://beincrypto.com/binance-ceo-wants-you-to-monetize-your-friends/

Bitcoin News & Updates / Only 100 Days Left Until Bitcoin Becomes More Scarce

« on: February 01, 2020, 02:46:46 PM »

Bitcoin’s long-awaited halving is set to take place in 100 days. From then on, the asset will become twice as scarce.

The most anticipated cryptocurrency event is almost upon us: Bitcoin’s halving. Estimated to take place on May 12, 2020, we are just 100 days away from mining rewards being cut by half. That means Bitcoin is about to get a lot scarcer—and likely more valuable, as a result.

Here at BeInCrypto, the topic has been covered quite extensively from all angles. For example, Bitcoin is in a unique position now because it has more fiat on-ramps than ever before. Analysts are split on whether we can expect a significant price bump before or after the halving event, however. One study by Messari controversially found that it may already be priced-in and took issue with the commonly-cited stock-to-flow ratio in predicting future price movements.

A debate has been raging on whether this may be the case, with many settling on the idea that positive movement will only happen after the halving. Some have even made the bold claim that Bitcoin could reach as high as $400,000 after the halving based on historical trends. However, the past performance does not equal future performance so we should be wary of making simplistic comparisons.

more : https://beincrypto.com/only-100-days-left-until-bitcoin-becomes-more-scarce/

Ethereum News & Updates / Ethereum (ETH) On the Verge of a Massive Upswing as Altcoins Begin Rallying

« on: January 21, 2020, 01:44:53 PM »

After incurring a slight pullback over the past couple of days, Ethereum and the aggregated cryptocurrency markets appear to be primed for an extension of their recent uptrend.

This overt strength is coming about as Bitcoin is beginning to show signs of recovering from its recent lows and may point to the possibility that the recent pullback was simply a bear trap that will be followed by significantly further upwards momentum.

In the near-term, analysts do believe that major altcoins like Ethereum will outperform Bitcoin, and one analyst is setting his sights on an imminent ETH movement to $210.

Ethereum Begins Climbing as Crypto Markets Flash Bullish Signs
At the time of writing, Ethereum is trading up 1% at its current price of $168, which marks a notable climb from daily lows of $162 that were set earlier today in tandem with a sharp downturn seen by the aggregated crypto markets.

Ethereum is currently trading within a consolidatory range that has formed following its recent drop from highs of nearly $180 that occurred this past weekend.

It is important to note that ETH is still trading up notable from its weekly lows of $144, which is emblematic of just how strong its recent uptrend has been.

ETH isn’t the only altcoins showing some signs of tempered bullishness in the near-term, as multiple other altcoins are currently beginning to rally.

Ethereum Classic – an ETH hard fork – is one such example of an altcoin that is expressing some bullishness today, as it has been able to surge 8% today. Bitcoin SV – the controversial Bitcoin Cash hard fork – has also been able to pump today, as it is currently trading up a whopping 20%.

Analysts do believe that this current bullishness amongst altcoins marks the start of the next market wide rally, which could be driven primarily by altcoins rather than Bitcoin.

more : https://ethereumworldnews.com/ethereum-may-kick-off-next-altseason/

News related to Crypto / China’s Overreaching Social Credit System Makes Room for Bitcoin to Shine

« on: January 16, 2020, 03:05:51 AM »

The Chinese government of today is known for several things, but perhaps one of the most prominent will be its consistent efforts to keep control of its people. By launching several initiatives, Beijing has gone well out of its way to ensure that it has its eyes all over the country.

One of the most ambitious means through which it has achieved this level of control is with a social credit system. Essentially, the government has classified its eligible population based on their social behavior and public records, allotting them social scores that will determine their ability to access loans and other financial benefits.

China’s Social Credit System Becomes Even Less Liberal
The credit system has been implemented in phases since 2009. However, a new update is expected to be rolled out this year, and according to a recent report from XinhuaNet, controls are set to be even tighter going forward.

As XinhuaNet reported at the time, the updated credit system will take factors such as ‘fake’ divorces, defaults on paying bank loans, acquiring multiple loans from several banks at the same time, and much more under consideration when allotting the scores.

However, one of the most important inclusions in this report is the enforcement of penalties on civil rulings. Primitive Ventures founder Dovey Wan explained in a recent tweet that the government conveniently made the definition of civil rulings ambiguous, thus creating a loophole that will enable the administration to restrict people’s access to credit as they please.

more : https://beincrypto.com/chinas-overreaching-social-credit-system-makes-room-bitcoin-shine/

Ethereum News & Updates / Ethereum Classic Sees Big Gains as Futures Come to Binance

« on: January 16, 2020, 03:03:41 AM »

Leading cryptocurrency exchange Binance has added futures contracts trading for Ethereum Classic (ETC). The industry-wide gains this week make determining the announcement’s impact on ETC prices all but impossible.

According to a blog post by Binance, the new derivative will go online on January 16 at 8:00 am (UTC). Like other recently-launched futures products on Binance, users will be able to trade with up to 75x leverage.

https://twitter.com/binance/status/1217387715559182338

The Ethereum Classic futures contracts will join a host of other derivatives for different underlying cryptocurrencies at Binance. The exchange now offers futures contracts for Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), XRP, EOS, Litecoin (LTC), and TRON (TRX). All are traded against Tether (USDT).

more : https://beincrypto.com/ethereum-classic-futures-binance-etc/

Bitcoin News & Updates / How Bitcoin Really Has Become a Digital Gold Store of Value

« on: January 11, 2020, 04:06:45 PM »

The term digital gold was coined a few years ago to describe Bitcoin, but it has only really become pertinent this year following a strong price correlation with the precious yellow commodity.

Recent events have strongly highlighted this correlation as BTC prices have moved in tandem with other traditional store-of-value assets.

Digital Gold is Real
Cryptocurrency research firm Messari recently published a chart depicting the clear relationship between Bitcoin price movements and major geopolitical events in the Middle East so far this year.

more : https://beincrypto.com/how-bitcoin-become-digital-gold-store-value/

Do you agree with this article?