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Messages - Btceth01

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DeFi tokens / DeFi tokens see double-digit gains as Ethereum and Bitcoin chase new highs

« on: November 09, 2021, 10:49:48 PM »

UMA, LRC and GNO broke out on the heels of ETH hitting a new all-time high and BTC price trading above a key resistance.Momentum in the cryptocurrency market is back on the rise on Nov. 8 after a solid rally from Bitcoin (BTC) placed its price back above $66,000 and Ether (ETH) hit a new all-time high at $4,793. The gains from the largest two cryptocurrencies helped to kick-start a market-wide rally that lifted the total cryptocurrency market cap above $3 trillion for the first time.
Unlike previous rallies where BTC made significant gains at the expense of the altcoin market, this time the majority of tokens in the top 200 are likewise in the green, with many projects seeing double-digit gains. Source

DeFi tokens / DeFi protocol Acala raises $400M in crowdloans during first Polkadot parachain a

« on: November 09, 2021, 10:48:07 PM »

Both parachains on Polkadot and DeFi functions on Acala are still undergoing heavy development.Decentralized finance protocol Acala announced Monday that they have raised 8.5 million DOT (worth $451.8 million at time of publication) from over 53,000 participants. The protocol is also set to win the first parachain auction on Polkadot.

Unlike typical crowdfunding rounds, Acala's financing mechanism is a crowdloan, which means it will eventually need to pay back the "crypto debt" it has solicited from investors.

On Friday, Polkadot developers added the first parachain onto its network. Parachains are custom, project-specific blockchains that can be integrated into the main blockchain. The distinguishing feature of Polkadot is its Cross-Consensus Message Format. In essence, it would enable users to send and receive assets and execute smart contracts between parachains. Currently, however, the technology is still under heavy development. Source

DeFi tokens / International Law Firm Partners With Astra Protocol for DeFi Compliance

« on: November 09, 2021, 10:46:12 PM »

Squire Patton Boggs, a global law firm, partners with the Astra Protocol. The move aims to give assurance and confidence in DeFi compliance. The decentralized finance (DeFi) ecosystem needs this to increase adoption.
Squire Patton Boggs has many big-name clients in the cryptoeconomy. The law firm has 1,500 lawyers in 45 offices spread over 20 different countries on four continents.
The Astra Protocol works with other public blockchains. Astra supports these chains with a layer to enable DeFi. The protocol’s “legal layer” plugs into existing DeFi platforms. It’s like a Layer 0. Its purpose is to ensure that funds arrive at their intended destination.
Astra has international patents on this technology. The design is to protect funds. The protection comes from preventing insecure or invalid smart contracts from executing.DeFi platforms use the app for services like: Source

DeFi tokens / Chainlink’s Sergey Nazarov Predicts 'DeFi Returns Through Your Bank' in 2022

« on: November 09, 2021, 10:42:51 PM »

Speaking at the Solana Breakpoint conference, Chainlink co-founder Sergey Nazarov said DeFi will continue to attract institutional attention.Chainlink co-founder Sergey Nazarov believes that 2022 will see increased institutional adoption of decentralized finance (DeFi).

Speaking with Solana co-founder Anatoly Yakovenko during a virtual fireside chat at the Solana Breakpoint conference in Lisbon, Portugal, Nazarov said that he expects, "a number of enterprises and banks and various existing players to now want to lose their relationship with customers and users and key institutional clients.Specifically, Nazarov said, he envisions that institutional DeFi growth will come via banks and the burgeoning NFT market.

“I expect a number of things to go live around DeFi returns through your bank, or buying NFTs through an existing marketplace, or some existing universe of Web 2.0 tools,” he added.
What’s more, Nazarov predicted there will be “a flow of various collateral on-chain,” meaning new markets for insurance products on-chain. Source

News related to Crypto / Binance Pool Officially Launches Litecoin Mining Pool: Zero Pool Fees for the Fi

« on: November 09, 2021, 10:40:03 PM »

Binance Pool officially launched the Litecoin (LTC) mining service, which supports Dogecoin merged mining, at 2021-11-09 07:00 AM (UTC). LTC mining pool will adopt the PPS settlement method. Additionally, Litecoin miners will receive Dogecoin (DOGE) income according to the PPLNS mining method. There is no minimum payment threshold for Litecoin or Dogecoin, and the mining proceeds will be directly sent to your Binance mining pool wallet.
From 2021-11-09 07:00 AM to 2021-12-08 07:00 AM (UTC), all users can enjoy a 0% pool fee rate for Litecoin mining by connecting their Litecoin hashrate to Binance Pool.
Key clients can apply for Binance Pool VIP accounts. Please feel free to send an email to [email protected] for VIP application.
For more information about Binance Pool Litecoin mining, please read the Binance Litecoin Mining Tutorial.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses. source

Ethereum News & Updates / Discord CEO Hints at Ethereum Compatibility

« on: November 09, 2021, 10:36:32 PM »

Jason Citron posted a screenshot that shows Discord connecting to Ethereum, saying “probably nothing.”Social network Discord is considering linking to the Ethereum blockchain, Discord CEO and founder Jason Citron hinted in a tweet early on Tuesday.Citron posted a screenshot of what appears to be Discord settings that allow users to connect to Ethereum, saying “probably nothing.” The screenshot also shows the option to connect using Ethereum wallet MetaMask or blockchain-agnostic wallet connector WalletConnect. Source

Ethereum News & Updates / Ethereum Getting Ready for $8,500 Price Level Up Next?

« on: November 09, 2021, 10:33:00 PM »

Optimists expect the cryptocurrency to reach $10,000.
The ETH price has been rapidly rising to new highs.
November has started well for numerous cryptocurrencies. The whole crypto market cap is nearing $3 trillion. Meanwhile, the second-largest crypto is catching the attention of crypto fans. Ethereum investors are ecstatic, while detractors are left out in the cold. The digital currency reached its ATH just before press time. The ETH price has been rapidly rising to new highs. Leaving fanatics amused by its gains. Sections expect the cryptocurrency to double in value shortly.
The leading altcoin is on a spectacular rise, reaching new milestones daily. Despite the network’s expensive gas rates at 91 gwei average and 93 gwei high, the current spike occurred. As a result, netizens anxiously await ETH 2.0’s resolution.
However, reliable sources claim that every day On-chain net exchange flow of Ethereum is up 23.1 M. A 6-month high has been reached in the quantity of ETH supply last active 1y-2y (1dMA). ETH futures short liquidations recently hit a 6-month high of $7,814,434.01 on Binance. The previous 6-month high occurred on September 1, 2021.
Moreover, the Ethereum hash rate reached at $1,014,230,266,415,220. Ethereum mining difficulty just increased to 11,028,173,704,939,400. Which is up from a week ago. At press time, the NFT space had burned about 799,386 ETH. source

Ethereum News & Updates / Ethereum Extends Rally, Why ETH Could Rally Further Above $5K

« on: November 09, 2021, 10:29:25 PM »

Ethereum extended rally and traded to a new all-time high above $4,800 against the US Dollar. ETH could continue to rise above $4,900 and $5,000 in the near term.
Ethereum gained pace above the $4,650 and $4,750 resistance levels.
The price is now trading above $4,750 and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $4,780 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could extend its rally above the $4,850 resistance in the near term.
Ethereum Price Aims More Upsides
Ethereum started a fresh increase above the $4,550 and $4,600 resistance levels. ETH gained pace above the $4,650 resistance zone and the 100 hourly simple moving average.
The price even climbed above $4,750 and traded to a new all-time high. It traded as high as $4,822 and is currently consolidating gains. It is now trading well above the 23.6% Fib retracement level of the upward move from the $4,577 swing low to $4,822 high.
It is also trading well above $4,750 and the 100 hourly SMA. Besides, there is a key bullish trend line forming with support near $4,780 on the hourly chart of ETH/USD. Source

Ethereum News & Updates / Open Positions in Ether ‘Calls’ Hits 1 Million Mark as Traders Pile Onto Higher

« on: November 09, 2021, 10:27:28 PM »

Open interest in ETH call options, or bullish bets, is twice more than that in puts.Ether’s options market flows appear more bullish than ever, with the cryptocurrency eyeing the psychological level of $5,000.
Data tracked by Swiss-based analytics firm Laevitas shows there are currently 1.02 million call option contracts ($4.8 billion) open on the Deribit exchange – perhaps a record figure and twice more than the put option tally of 426,950 ($2 billion).The big gap reflects top-side bias. “[That’s] pretty bullish positioning,” Amber Group said in a Telegram chat. “skew is favoring topside as well.” Traders buy call options to bet on price increases and seek downside protection via puts when anticipating a correction. Source

Ethereum News & Updates / Ethereum Surges past $4,800 To New ATH, Crypto Analyst Says Brace For Further Up

« on: November 09, 2021, 10:24:12 PM »

Ethereum has once again broken another all-time high. The digital asset set the new record following along with bitcoin’s run that saw the latter set a record of its own above $68,000. Ethereum has been on a bullish roll lately and has not slowed down as momentum continues to stay up. This time, ETH had pushed past $4,800 to peak at $4,842.
As with any rally to a record high, the question now is where the asset ends up from here. The market is particularly bullish on Ethereum given its history of outperformance and various use cases that make it one of the most valuable blockchains in the space. Crypto analyst Benjamin Cowen has proven to share this bullish sentiment as he maps out what lies ahead for ETH in the coming months. source

Ethereum News & Updates / Ethereum Price Analysis: ETH reaches a new all-time high at $4,840, set for a re

« on: November 09, 2021, 10:22:00 PM »

Ethereum price analysis is bearish today.
ETH/USD peaked at $4,840.
Closest support at $4,650 previous support.
Ethereum price analysis is bearish today as bulls are likely exhausted after setting a strong higher high at $4,840 overnight. Therefore, we expect ETH/USD to retrace over the next 24 hours and retest the previous high at $4,650 as support.
Ethereum Price Analysis: <a class=ETH reaches a new all-time high at $4,840, set for a retracement? 1" title="Ethereum Price Analysis: ETH reaches a new all-time high at $4,840, set for a retracement? 2">
Cryptocurrency heat map. Source: Coin360
The overall market saw bullish momentum continue over the last 24 hours. Bitcoin gained 2.58 percent, while Ethereum 0.79 percent. Meanwhile, Litecoin (LTC) dominated the market, with a gain of 18 percent.
Ethereum price movement in the last 24 hours: Ethereum reaches $4,840 as bullish momentum slows down
ETH/USD traded in a range of $4,710.24 – $4,837.59, indicating moderate volatility over the last 24 hours. Trading volume has increased by 17.66 percent and totals $19.54 billion, while the total market cap trades around $564 billion, resulting in the market dominance of 19.35 percent. Source

Ethereum News & Updates / Here’s How Ethereum Could Confirm Altseason, According to Closely Followed Crypt

« on: November 09, 2021, 10:19:36 PM »

The Daily Hodl
Here’s How Ethereum Could Confirm Altseason, According to Closely Followed Crypto Analyst
Daily Hodl Staff November 9, 2021
A popular crypto analyst and trader says that Ethereum (ETH) could signal the start of a new altseason, but the second-largest crypto asset by market cap must set a new milestone first.
In a new strategy session, pseudonymous trader Credible tells his 35,100 YouTube subscribers that a fresh altseason could come to life once Ethereum takes out a massive resistance area against Bitcoin (ETH/BTC).
“So we’re looking for a monthly close above 0.077 BTC ($5,205) on the Ethereum/Bitcoin chart to be confident that we’ve broken through. Once we do that, Ethrereum will absolutely take off, and altcoins will follow right behind.
So we’re at a very key point where if Bitcoin decides to relax for a little bit and range, Ethereum can continue to pump to the upside, sending Ethereum/BTC above this area of resistance and confirming a breakout and confirming altseason essentially.”
Looking at the monthly chart of ETH/BTC, Credible highlights that the pair has been carving higher lows every time it gets rejected at the crucial resistance zone.
“Every monthly close that we’ve got right up against this resistance, unable to break through, but it’s only a matter of time before it breaks.”
Credible also says he’s bullish on Ethereum against the US dollar (ETH/USD), which he notes is a positive sign for altcoins. Source

Ethereum News & Updates / Ethereum 2.0 node count drops to a one-month low as ETH price climbs to new heig

« on: November 09, 2021, 10:17:27 PM »

The plunge points at a growing lack of interest among traders and investors to become "full validators" on its upcoming proof-of-stake blockchain.The number of Ethereum addresses holding 32 or more Ether (ETH) reached a one-month low on Nov. 9.
The number of externally owned Ethereum accounts (EOAs) holding at least 32 ETH fell to 108,949 compared to 108,965 on Oct. 22, according to data from Glassnode, a sign that traders and investors ignored the prospects of becoming validators on its upcoming proof-of-stake blockchain, dubbed Ethereum 2.0.In detail, staking in Ethereum 2.0 requires users to deposit 32 ETH into a designated smart contract address to become a full node validator. In doing so, the depositor gains the right to manage data, process transactions and add new blocks to the upgraded ETH blockchain. Source

Bitcoin News & Updates / Bitcoin dips below $67K as Tesla stock slump combines with Apple CEO denying cry

« on: November 09, 2021, 10:15:00 PM »

A close relationship with TSLA sees Bitcoin react to a 12% stock slump, while Apple adds to the sense of anticlimax despite recent BTC all-time highs.Bitcoin (BTC) fell $1,400 in half an hour during Nov. 9 after a snap sell-off hit Tesla (TSLA) stock.Tesla falls 12%, Bitcoin 2%
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD fall in line with TSLA shortly after the Wall St. open.
The pair hit $66,650 before bouncing to linger at around $67,000 at the time of writing, still up $1,000 on the day.

After hitting all-time highs of $1,245 on Nov. 5, Tesla saw turbulence after it emerged that CEO Elon Musk would sell 10% of his holdings, worth around $23 billion at the time.
Nov. 9 saw a significant acceleration of the negative mood as TSLA lost up to 12% in minutes before recovering. By contrast, BTC fell by around 2%. Source

Bitcoin News & Updates / Zimbabwe Government Denies Reports of Adopting Bitcoin as Legal Tender

« on: November 09, 2021, 10:11:46 PM »

Zimbabwe’s ministry of Information, Publicity and Broadcasting Services has confirmed that the country has no plans to adopt Bitcoin as an alternative cryptocurrency despite multiple media reports.
The nation is assured that Government is not considering introducing another currency in the economy as reported in the media. The local currency remains the Zimbabwe dollar (ZW$) and not cryptocurrency#postcabinetbriefing pic.twitter.com/w5eQhxeufM
— Ministry of Information, Publicity & Broadcasting (@InfoMinZW) November 9, 2021
The Zimbabwe dollar will remain the only currency in the hyperinflation-stricken country.
On Nov. 7, local news portal Bulawayo24 reported that the Zimbabwean government had had discussions with private sector players about making crypto legal tender.
The report was then picked up by some cryptocurrency news outlets and was shared by major crypto influencers.
El Salvador, a small tropical country in Central America, made history earlier this year by adopting Bitcoin as its official currency.
Other countries, however, are yet to follow suit. Last month, Mexican President Andres Manuel Lopez Obrador definitely ruled out adopting the flagship coin as an official currency. Source