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Altcoins & Cryptocurrencies discussions / Merlin lab Project
« on: June 06, 2021, 08:29:11 PM »
To day i will tell you about strong project Merlin lab already listed on Panecake swap price 24$ Magical Merlin Pool was purely funded by the #DevelopmentTeam  Merlin pool is based on the performance fee collected in the other vaults and redistributed to MERL holders and pay is to much high then other exchnage.

Basic questions about this forum / Withdraw
« on: December 12, 2020, 07:38:56 AM »
I want to withdraw my points to my ETH wallet: 0x9E2A20D6298438532e4830cd33350541dc057A7E

Basic questions about this forum / where to buy ALTS COIN
« on: December 12, 2020, 07:33:16 AM »
Where can i buy ALTS coin.

Forum Court / Plagiarism strike
« on: December 12, 2020, 07:15:14 AM »
How to remove plagiarism strike any one help me

Five key fundamental factors suggest that Bitcoin is preparing for an extended uptrend by 2021.

The price of Bitcoin (BTC) has been bouncing in the range between $8,600 and $10,000 for the past two months. BTC has shown little volatility since May, following a critical rejection at $10,440. However, five major fundamental factors still point toward a prolonged uptrend by 2021.

According to data from Skew, the 10-day realized volatility of Bitcoin dropped to the lowest level of the year on June 24. This may indicate that traders are cautious because BTC is at a crucial price point. The performance of BTC over the next several weeks could hint at its price trend throughout the year’s end.

Realized volatility of Bitcoin hit a yearly low on June 24

Generally, the sentiment of cryptocurrency traders on the medium-term outlook of Bitcoin remains positive. In the short term, analysts see weakness in BTC and other leading cryptocurrencies due to external variables like the COVID-19 pandemic.

Over the long run, strong macro factors suggest BTC is on track for a firm recovery. The most prominent piece of data that supports predictions of a positive trend is the increase in “HODLing” activity among investors.

Heavy accumulation of Bitcoin
According to Rafael Schultze-Kraft, the chief technical officer at Glassnode, various HODLing data shows a rise in investor confidence. To start with, Bitcoin’s supply that has not moved for over a year has hit an all-time high, standing at 61%. It demonstrates the lack of appetite to sell BTC at the current price level. Shultze-Kraft said:

“First, the obvious one: 61% (!) of Bitcoin supply that hasn’t moved in over a year — that’s an all-time high. Moreover, 44% hasn’t moved in 2+ years (approaching ATH), and almost 30% hasn’t moved in 3+ years. Loads of hodling here.”

More Details:

‘Money is evolving,’ Binance’s new ads across London state, showing four generations of coins ending with Bitcoin.

The world’s largest cryptocurrency exchange, Binance, has targeted London commuters with new ads featuring Bitcoin.

According to an Aug. 28 tweet from Binance.UK, the crypto exchange has placed new ads at 17 bus stops in London. The image shows two older generations of coins as well as a current two-pound coin used in the U.K, followed by the largest, Bitcoin.

“Money is evolving,” the ad states. “It’s time to adapt.”

Binance announced its expansion into the U.K. market in June, with a planned regulated exchange platform scheduled to launch this autumn. The exchange will reportedly be registered by the country’s Financial Conduct Authority and offer up to 65 digital assets for trading.

In advance of the launch, Binance’s British arm hasn’t limited itself to advertising. The crypto exchange recently announced it would be joining the self-regulating industry association CryptoUK as an executive member.

London has recently been the hotspot for crypto firms looking for new investors. Richard Heart’s controversial HEX token has ads plastered on London’s buses and newspapers, and was even featured during the English Premier League soccer games. Mike Novogratz’s Galaxy Digital bought a full-page ad in the U.K.-based international business newspaper Financial Times, in which Bitcoin (BTC) also appeared prominently.

Most Japanese crypto traders may be leaving altcoins behind entirely.

The vast majority of Japanese crypto traders who started getting into the market in the last year may be investing solely in Bitcoin.

According to data published on Aug. 19 from the Japan Virtual and Crypto Assets Exchange Association (JVCEA), Bitcoin’s dominance relative to altcoins in the Japanese market reached more than 87% in April. No other token accounted for more than 6% of monthly volume traded. In the same month, the number of active accounts for spot crypto trading in Japan increased by 13,987, an all-time high at the time.

“It seems like Japanese investors’ overall interest in altcoins has been shrinking over time relative to their interests in Bitcoin,” said Yuya Hasegawa, a market analyst at Japan-based crypto exchange bitbank. “Given the growth in the number of active accounts, the vast majority of the newer market participants in Japan, particularly since last summer, are likely to be interested only in Bitcoin.”

Dominance chart for crypto monthly traded value in Japan

Dominance chart for crypto monthly traded value in Japan. Source: JVCEA

Hasegawa’s analysis indicates that XRP was one of the biggest losers among Japanese crypto traders. The altcoin once accounted for about 40% of monthly traded value in Japan’s crypto market, but that number dropped to almost 5% in April. Bitcoin (BTC) also briefly lost ground to MonaCoin (MONA) in February, but regained its dominance following the early stages of the pandemic in March.

Bitcoin’s dominance worldwide hasn’t exceeded 70% since Q1 2017 according to data from CoinMarketCap. As of this writing, the coin represents roughly 58% of the $373.6 billion combined crypto capitalization, its lowest point in 12 months.


Both the Grayscale Litecoin Trust and the Grayscale Bitcoin Cash Trust began trading publicly almost two weeks ago and have seen swinging triple-digit premiums since. The litecoin fund was briefly trading at a premium of over 1,200% on the underlying litecoin price, data produced by analysts at Arcane Research showed. It's now down to a mere 600% premium.

The funds have collected almost $50 million from accredited investors over the last two years and can now be traded like stocks, allowing over-the-counter investors to gain exposure to the cryptocurrencies without having to deal with clunky bitcoin and crypto exchanges that can appear risky.

Elsewhere, the Grayscale Bitcoin Trust, which debuted as the Bitcoin Investment Trust in 2013, has this year consistently traded at a premium of around 20% on bitcoin, while the premium for the ethereum fund, created in December 2017 during the height of the crypto bubble, recently fell under 100% for the first time this year—down from over 800% in June.

"These trusts are based solely on single assets, and should thus not outperform its underlying asset over time," Arcane Research analyst Vetle Lunde wrote. "The excess return should be arbitraged away."

The funds' premiums emerge as public investors buy into existing shares of the fund, with the original accredited investors being the sellers.

"For accredited investors, the custody provided by Grayscale is most certainly of value," Lunde said via email.

"Setting up self custody is a complicated process, and over time Grayscale has gained confidence in their services as a custody provider."

However, the huge and wildly swinging premiums have caused some concern for bitcoin and cryptocurrency market watchers who fear investors might be unaware of the premium they're paying.

More Detail:


The roadmap for the coming month of September foresees further performance improvements, new wallet functions and a more active marketing for Cardano.
The release of Goguen will make Cardano “extremely competitive” in the DeFi space, with first use cases such as stablecoins, oracles and decentralized exchanges already in the pipeline.
In a new video Charles Hoskinson spoke about the goals for Cardano in September. As the IOHK CEO pointed out, within the next few weeks his team will continue to focus on improving the performance of the Cardano infrastructure. Thus, IOHK will continue its work of the last weeks. With the release of node version 1.19 and Daedalus version 2.2 a few hours ago, great progress has again been made in this area, as Hoskinson noted and has also been confirmed by the community.

Wow, Daedalus 2.2.0 synced in under 10 sec 😮That is some awesome improvement. Thank you team.

— J₳son Bluezy Sw₳rtz (@Bluezy01) August 27, 2020

In September the focus in the Daedalus Wallet area will also be on new features. Multisig, the hardware wallet center, delegation portfolios and the “one-to-many” delegation have the highest priority. Furthermore, Hoskinson also plans to integrate Yubikeys, a QR code center and shielded paper wallets.

Cardano’s third development phase “Goguen” is coming
Regarding Goguen, Hoskinson announced that development is in full swing and a detailed roadmap will be released at the end of September with a rollout date during the monthly IOHK update. The third development phase of Cardano will add three important components to the ecosystem. Firstly, IOHK will implement its own native asset standard so that tokens can be issued on the Cardano blockchain.

Goguen will also lay the foundation for Plutus, the smart contract platform, and will also introduce the extended UTXO model. This means that from this point on smart contracts can be developed and executed on the Cardano blockchain. However, the implementation will not yet offer the full range of functions, but will create a “low-level” level. The third component will be the Plutus Application Framework:

And this means that smart vontracts can now be executed that go beyond simple things and are actually fully programmable. But this is something like the low-level stuff. So you can write smart vontracts, but many of the included libraries are not included in this foundation, mainly because it is a whole ecosystem play. And this ecosystem play is called Plutus Application Framework.

According to Hoskinson, the rollout of these three components will make Cardano extremely competitive, especially in the DeFi sector. IOHK is already talking to partners to identify the first useful use cases, such as stablecoins, oracles and decentralized exchanges. In addition, IOHK is already working with these partners on a strategy for the rollout, although no official announcements can be made at this stage.

Once you have these three things, we are extremely competitive for DeFi. There will be a lot of cool things that will make Cardano the desired platform for a beautiful DeFi portfolio.

Another focus in September will be the marketing for Cardano. As Hoskinson explained, marketing activities are to be ramped up. To this end, a new marketing manager has been hired at IOHK, who will start his work in September.

Marketing comes and it comes with full force. September will be the first month that we start to ramp this up, and we’ll really see the impact in October, November and beyond.


The Ethereum Classic blockchain suffered a 51% attack Saturday evening, its third such attack this month, noticed by mining company Bitfly, which also spotted the first attack on Aug. 1.

The attack reorganized over 7,000 blocks, or two days' worth of mining, according to a tweet shared by Bitfly. The first two attacks reorganized 3,693 and 4,000 blocks respectively.
Notably, a leading organization behind the Ethereum Classic network, ETC Labs, announced its strategy to protect the network from additional attacks last week, including defensive mining that is intended to stabilize the network's plummeting hashrate and resist future 51% attacks.
Stevan Lohja, technology coordinator at ETC Labs, in a private message with CoinDesk, said he finds the timing of the attack "very suspicious" as it came just a day after a meeting of Ethereum Core developers regarding "aggressive innovation" in the blockchain's proof of work.
ETC Cooperative, another prominent foundation supporting the network's development, took to Twitter following Saturday's attack saying, "We are aware of today's attack and are working with others to test and evaluate proposed solutions as quickly as possible."
After the first two attacks, exchange OKEx responded by saying it will consider delisting the asset due to the network's severe lack of security. Coinbase also took drastic measures by extending deposit and withdrawal confirmation times for ETC to roughly two weeks.
Following the latest attack, leading cryptocurrency derivatives exchange FTX will reconsider its ETC perpetual futures contracts, according to CEO Sam Bankman-Fried in a private message to CoinDesk. He said this is so even though FTX doesn't support spot trading and the cryptocurrency network's insecurity has less of a direct effect on the risk of offering futures trading.
The cryptocurrency seems largely unaffected by the series of attacks, trading at $6.86 at last check, less than 4% below its price during the second attack. The coin has traded hands between $6 and $8 for nearly the entire month of August.

It’s a mixed start to the day for the majors. Avoiding the day’s pivot levels will be key to supporting a 2nd consecutive day in the green.

EOS rallied by 4.63% on Friday. Reversing a 4.47% slide from Thursday, EOS ended the day at $3.1183.

It was another mixed start to the day. EOS fell to an early morning intraday low $2.9379 before making a move.

Steering clear of the first major support level at $2.8340, EOS rallied to a late afternoon intraday high $3.1778.

EOS broke through the first major resistance level at $3.1358 before falling back to sub-$3.10 levels.

Finding late support, however, EOS moved back through to $3.11 levels to deliver the upside on the day.

At the time of writing, EOS was down by 0.37% to $3.1067. A bearish start to the day saw EOS fall from an early morning high $3.1301 to a low $3.0861.

EOS left the major support and resistance levels untested early on.

More details:

A forex exchange in Japan will start crypto CFD trading soon.

Japanese financial giant SBI Holdings is preparing to launch contract-for-difference, or CFD, trading for major cryptocurrencies.

Starting Aug. 31, SBI Holdings will start CFD trading service for crypto assets, including Bitcoin (BTC), Ether (ETH) and XRP, Cointelegraph Japan reported on Aug. 28.

As officially announced, the new service will be offered through SBI’s foreign exchange-focused arm, SBI FX Trade. The platform is accepting new account registrations immediately, the announcement notes.

The new trading offering will allow SBI clients to trade crypto CFD contracts against the Japanese yen and the U.S. dollar, enabling a total of six new trading pairs.

According to the announcement, SBI FX Trade will become the first forex exchange business in Japan to offer CFD trading for cryptocurrencies.

A major financial institution in Japan, SBI Holdings has been actively involved in the crypto and blockchain space in recent years.

The company is known as a key partner of major blockchain company Ripple, which develops products on top of XRP, the third-largest cryptocurrency by market capitalization. Since 2016, SBI and Ripple have been collaborating on a joint venture known as SBI Ripple Asia, which intends to promote XRP use in Asian financial markets. SBI is also planning to integrate Ripple-powered settlement across Japanese ATMs.

SBI’s upcoming crypto CFDs are not new for Japan though. Last year, local crypto firm Liquid launched Bitcoin CFD trading, enabling traders to speculate on the asset’s price movements against the yen and dollar. In July 2020, Monex Securities became the first online securities company in Japan to launch crypto CFD services.

Bitcoin barely reacted to today’s CME futures expiry, but is this a bullish or bearish signal?

Today’s Bitcoin (BTC) futures expiry was lackluster both in terms of price impact and volume. Open interest dropped by a mere $157 million, barely moving from its $5 billion mark.

As CoinTelegraph correctly predicted yesterday, this most recent CME Bitcoin futures expiry was irrelevant. Some $125 million worth of August contracts were set to liquidate today, although preliminary data indicates less than $40 million were not rolled over for the upcoming months.

Total open interest, USD million. Source: & CoinTelegraph

The chart above shows the total open interest change over the past 24-hours, although the data includes inverse swaps (perpetual) and the remaining calendar months.

Nevertheless, this is strikingly opposite from the July expiry when $500 million worth of futures contracts were liquidated.

Expiry size depends on recent price activity
The main reason behind such traders’ indifference to today’s expiry seems to be the failure to establish support levels above $11,200 over the past few weeks.

As CoinTelegraph mentioned earlier this week, the current “macro factors hint at a positive medium-term to long-term price cycle but suggest that in the near term, momentum will fade and a consolidation phase will happen.”

More Details:

$112 million in Ethereum options expire on August 28 but data shows traders remain bullish even as ETH trades below $400

Ether (ETH) options contracts have grown five-fold in the past three months to currently sit at $452 million.

The $112 million set to expire this Friday could have a considerable market impact, although that will depend on the balance between bullish and bearish strategies.

Ether options total open interest. Source: Skew

The above chart shows just how strong the ETH options market has been in the past month.

Although its open interest might seem modest compared to Bitcoin’s (BTC) $1.9 billion options market, ETH options have become more relevant over the past couple of months.

$400 strike dominates volumes
Not every options market strategy is bullish or bearish. The covered call consists of buying the underlying asset while selling a call (buy) option.

The goal here is to profit from a fixed income strategy whenever there is a decent enough premium. Overall, this is a neutral-to-positive strategy, and these investors will profit as long as Ether remains above a certain threshold.

More Details:

Three key macro factors raise the probability of a prolonged Bitcoin bull market, but a short term correction is very likely.

The price of Bitcoin (BTC) has increased by nearly 30% since late June, from $8,905 to just under $11,500 as of press time. Following the strong rally of the dominant cryptocurrency, three macro factors point at an optimistic medium-term trend. These macro factors hint at a positive medium-term to long-term price cycle but suggest that in the near term, momentum will fade and a consolidation phase will happen.

As Cathy Wood, CEO of Ark Invest, discussed on the In the Know podcast, there is technically little resistance between $13,000 and BTC’s all-time high of $20,000. Wood noted that BTC might see a new trading range between $10,000 and $13,000, which would establish a healthy consolidation phase:

“That $13,000 [level] is important because if we were to get through that, then in technical terms, there would be very little resistance and we would probably be on our way back to the peaks we saw in late 2017 — so, around $20,000. Now, we’re not sure if that is going to happen. We could stay in a new trading range, just at a little bit of a higher level than the recent six to 10. Maybe we’re in the $10,000 to $13,000 range. Nonetheless, a breakout.”

Whether Bitcoin remains in the $10,000–$13,000 range for an extended period remains uncertain. In the past three years, BTC has tended to consolidate throughout September to October and rally during mid-November. Considering the activation of the block reward halving on May 11, the probability of an uptrend in November to December remains high.

Fading dollar benefits Bitcoin
A persistent narrative around the long-term prosperity of Bitcoin is the decline of the United States dollar. In recent months, primarily due to the pandemic and the U.S. economy struggling to reopen, the dollar’s value has fallen against other reserve currencies.

On July 31, Lee Hardman, currency analyst at Mitsubishi UFJ Financial Group, said the sell-off of the dollar was “relentless.” According to Supriya Menon, multiasset strategist at Pictet Asset Management, various macro factors including the soaring number of COVID-19 cases and the uncertainty around the November presidential election were contributing to the dollar’s weakness.

Meltem Demirors, chief strategy officer of CoinShares, believes that periods of economic uncertainty and dollar weakness would likely benefit Bitcoin, like they do gold:

“So where does bitcoin sit in the economic cycle? during periods of economic uncertainty and dollar weakness, #Bitcoin is likely to benefit in the same way as gold. If bitcoin’s financialization continues, it will be unable to remain insulated from the financial system.”

Whether the falling momentum of the dollar has already had its full effect on the price of Bitcoin remains unclear. The U.S. dollar has already dropped to a two-year low, and in the near term, analysts anticipate a dollar recovery.

But two variables that could cause the dollar to drop further are low-interest rates and the European Union’s sizable stimulus package. The euro has outperformed the dollar in recent weeks, as investors found the EU’s 750 billion euro recovery fund compelling. Atop the aggressive fiscal policies of Europe, the U.S. economy’s path to recovery has not been strongly established. Patrik Schowitz, global strategist at JPMorgan Asset Management, noted:

“U.S. economic outperformance relative to the euro area and Japan (no longer) seems guaranteed, at least over the next few years, given the faltering virus response. […] The shrinking of its interest rate advantage makes the USD less appealing and pushes investors to consider deposits in other currencies. These cyclical factors won’t turn around in a hurry and the US dollar likely has room to fall further.”

The fading trend of the dollar coincides with the expectations of higher inflation rates in the intermediate term. If many perceive Bitcoin as a store of value and a potential hedge against inflation, Federal Reserve Chairman Jerome Powell’s upcoming speech could strengthen the image of BTC for the long term.

On Aug. 27, Powell is expected to deliver a speech at a virtual Fed conference and address soft inflation. For now, the markets are not counting on the Fed to lead significant changes on its fiscal policies. As such, even if the Fed says that it might let inflation rates run higher for a while, it might not have a profound effect on BTC.

Gold correlation
Possibly due to the falling dollar, gold and Bitcoin have seen a more correlated price cycle in recent months. According to data from Skew, Bitcoin and gold have rallied in tandem since mid-July and have similarly pulled back simultaneously since the first week of August.

More Details:

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