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Topics - Pagla

Pages: 1 ... 6 7 [8]
106
When China banned Bitcoin mining in May, plenty of crypto natives scoffed—and not just because China’s tried and failed to ban crypto before.

The mining rigs would be loaded up and shipped elsewhere, they said, because the beauty of decentralized networks is that they’re borderless. Crypto finds a way.

But the miners that arrived in nearby Kazakhstan have overtaxed the country’s power grid so much that the government has gone from welcoming them to capping consumption and sourcing auxiliary power from Russia, according to a recent story in the Financial Times.

From the start of the year to August, Kazakhstan has gone from accounting for 6% of hash rate on the Bitcoin network to 18%, according to the Cambridge Bitcoin Electricity Consumption Index (CBECI). That makes it the country with the second largest presence on the network behind the United States, at 35%, and leaves a sizable margin between it and Russia, at 11%.

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107
CitaDAO is integrating industry-leading oracle solution Chainlink to unlock tokenized real estate use cases in DeFi. CitaDAO is creating a Real Estate powered Decentralized Finance (DeFi) ecosystem on Ethereum that features sustainable yield farms powered by real estate that are composable with DeFi applications.

The integration will leverage Chainlink oracle infrastructure to provide a reliable real estate valuation data feed to the DeFi ecosystem—a crucial backbone for protocols and developers wanting to build trustless decentralized applications using real estate-backed tokens.

Chainlink nodes will provide appraisal data sourced from world-class global real estate consultancies such as CBRE, Savills, Knight Frank, JLL, and Cushman & Wakefield. The data is cryptographically signed so that the consumer of the data feed knows that it came directly from a known, reliable source. Smart contract developers can use the Chainlink node as a price oracle to create primitives based on real estate valuations.

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108
Key Support levels: $4,350

Key Resistance levels: $4,868 (ATH)

ETH has finally moved above 0.08 BTC on the ETH/BTC chart. With this breakout, the cryptocurrency signals that it is ready to make significant gains against Bitcoin and lead the altcoin market to new heights. This breakout is essential because it represents a resistance line going back to the 2017 top when one ETH was 0.15 BTC.

Ethereum rallied on the USD pair as well and it is less than 3% from the all-time high at $4,868. As such, the current support is found at $4,350, and the resistance is represented by ATH. Considering the major breakout versus BTC, ETH seems likely to continue its rally and the only significant resistance left now is the all-time high on the USD chart.

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109
In previous bull market cycles, there has been a meSPAM BANble correction before a rally at the end of the year — and if history rhymes it could be on the cards again.

We’ve certainly experienced the correction: Bitcoin hit an all-time high of around $69K on Nov. 10 and has retreated around 17% to current levels.

Some mainstream media outlets such as Forbes have taken the view the current pullback has plunged markets back into bearish territory with the rather salacious headline: “Did Bitcoin Enter A Bear Market After Falling 20% From Its ATH?” on a Nov. 30 article.

But November's dip was actually the weakest correction of 2021, overshadowed by Bitcoin’s whopping 53.4% correction over three months between April and July. The most recent correction in September was the second deepest, reaching 37% from April's ATH.

In its Nov. 29 “Week Onchain” report, analytics provider Glassnode argued that the current correction is just “business as usual for Bitcoin hodlers” hinting that it may soon be over. It also confirmed that this current market correction is “actually the least severe in 2021.”

Barring a stock market plunge due to the Omicron variant situation becoming worse, some believe we may be on track for a Santa Claus rally. It's a term from the stock market when prices rise during the last 5 trading days in December and the first 2 trading days in January, however, it has also been noted in  crypto markets in previous years and is often shorthand for price rises throughout December.

Last December, saw a 47% surge in BTC prices throughout the month and December in 2017 witnessed an 80% pump to a new all-time high at the time. Both were in bull markets like today.

At the time of writing, BTC was trading at just over $57K so a Santa Claus rally similar to last year could see prices surge to top $80K before the year is out.

8848 Invest co-founder Nikita Rudenia is also confident about a Santa Claus rally commenting:

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110
Ethereum News & Updates / Ethereum’s Fees Are Too Damn High
« on: November 23, 2021, 03:26:11 AM »
This past weekend, a crypto investor named Zhu Su fired off a series of tweets about the state of the Ethereum blockchain.

“Yes I have abandoned Ethereum despite supporting it in the past,” he wrote. “Yes Ethereum has abandoned its users despite supporting them in the past. The idea of sitting around jerking off watching the burn and concocting purity tests, while zero newcomers can afford the chain, is gross.”

This article is excerpted from The Node, CoinDesk’s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the full newsletter here.

Something worth considering before evaluating this claim is that Su’s investment firm, Three Arrows Capital, is betting big on an Ethereum competitor called Avalanche. The value of $AVAX, the network’s native cryptocurrency, recently surged to an all-time high, so it’s possible Su was just riding high in the moment.

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111
Cooler heads are calling for a collective deep breath and a step back to see the long-term outlook for the future of Bitcoin (BTC) price and the wider crypto market, but today's drop back under $56,000 is raising eyebrows among traders.

Data from Cointelegraph Markets Pro and TradingView shows that after starting the week near $60,000, several days of bears hammering the price of Bitcoin resulted in a revisit to $55,600.



According to Rekt Captial, the price action for BTC has been “promising” thus far and is now “really close to reclaiming this monthly level as support (green),” but the analys cautioned that there could still be plenty of volatility in the near term as the market closes out the month of November.

Rekt Capital said,

“But it's important to note that BTC could still easily see-saw like this for the remainder of the month. Monthly close is what matters.”

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112
Bitcoin has been circulating in the 60k for a long time.It is not clear which way to go.The reason why other tokens are always dumping Discuss if anyone knows.

113
বাউন্টি নাকি এয়ারড্রপ থেকে বেশি ইনকাম করা যায় এবং এই দুইয়ের মধ্যে পার্থক্য কি কাজ ভিন্ন ভিন্নভাবে করতে হয় নাকি বাউন্টি এর মত করেই কাজ করতে হয় বাউন্টি ফোরামে থেকে করা যায় কিন্তু এয়ার্ড্রপ কোথা থেকে করতে হয়? এ ব্যাপারে সিনিয়র ভাইরা যদি একটু সাহায্য করতেন তাহলে উপকৃত হতাম।

114
আমি এই ফোরামে নতুন হওয়ায় তেমন কোন ধারণা নেই ক্রিপ্টোকারেন্সি সম্পর্কে কেবলমাত্র বাউন্টি করা শুরু করেছি কিন্তু কোন ওয়ালেট ব্যবহার করলে বাউন্টি জন্য সবচাইতে ভালো হবে। কারো জানা থাকলে একটু সাহায্য করবেন।

115
পোস্ট করলে যে পয়েন্ট পাওয়া যায় সেই পয়েন্ট দিয়ে আমাদের কি কাজে আসে ওই পয়েন্ট দিয়ে আমরা কি কি করতে পারব? এ বিষয়ে যদি কেউ ধারণা দিতেন তাহলে অনেক উপকৃত হতাম।

116
এই ফোরামে আমি একজন নতুন সদস্য। এই ফোরামের সকল বিষয় জানা নেই সিনিয়রদের কাছ থেকে সবকিছু শিখতে পারবো এই আশায় ফোরামে জয়েন করেছি সবাই সহযোগিতা করে এগিয়ে নিয়ে যাবেন এবং ভুলগুলো ধরিয়ে দিবেন যাতে ভুল থেকে শিক্ষা গ্রহণ করতে পারি।

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