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31

Legality & Taxation of Cryptos / DCG’s $1B Pledge and an SEC Filing Kindle Fresh Speculation on ‘Grayscale Discou

« on: October 26, 2021, 05:59:52 AM »

Some cryptocurrency analysts are doubtful the discount will shrink anytime. Last week Digital Currency Group, a crypto-industry holding company, opened its wallet to defend its Grayscale subsidiary’s Grayscale Bitcoin Trust (GBTC), when the fund’s shares traded at a 20.53% discount to its underlying bitcoin holdings – the steepest in five months. Source Link

32

Bitcoin News & Updates / Market Wrap: Bitcoin Rises Again as Altcoins Outperform

« on: October 26, 2021, 05:57:41 AM »

Bitcoin is back above $62K and investors are pumping more money into crypto funds. Bitcoin is recovering from a weekend dip as traders anticipate the third U.S. futures-focused bitcoin exchange-traded fund (ETF) listing. The VanEck Bitcoin Futures ETF is expected to launch on Tuesday and will trade under the ticker symbol XBTF. Analysts continue to expect further upside in bitcoin’s price given strong investor sentiment on ETF approvals. Source Link

33

Bounties & Rewards [BOUNTY] / Re: 🔴[BOUNTY]🔴BITGAME ✅Live Project💰200 000$ in LUT Tokens💸Payout every 2 week🔥

« on: October 14, 2021, 07:14:03 AM »

34

NFTs & Collectibles / The Financialization of NFTs Raises Regulatory Issues

« on: October 13, 2021, 05:00:28 PM »

A “fantasy startup investing” platform lasted just one day in open beta, but in the process, it proved that the financialization of NFTs may be problematic. Last Wednesday, the good people over at TechCrunch ran a story about a company called Visionrare, which is essentially trying to gamify the process of investing in startups.

It’s a play on the “fantasy betting” concept that’s already popular in the world of sports and culture. Fantasy football brackets let fans make predictions without actually putting any money down, and fantasy stock markets let investors hone their skills in a simulated environment, where the stakes aren’t quite so high. There’s a similar system for betting on the outcome of the TV show “The Bachelor”. Source Link

35

Ethereum News & Updates / Ethereum’s Latest Progress Toward Proof-of-Stake

« on: October 13, 2021, 04:58:28 PM »

Here are some things that will (and won’t) change after the Merge. An under-the-radar rendezvous of core Ethereum developers took place in Greece last week, with major progress being made toward the Merge. According to ConsenSys’ Ben Edgington, a Beacon Chain developer, the teams accomplished the transition of a multi-client devnet from proof-of-work to proof-of-stake. Eth1 execution clients and Eth2 consensus clients successfully merged to create a network capable of processing transactions.

This news comes shortly after the announcement of Altair’s coming upgrade on Oct. 27. The Altair upgrade is a significant step in the transition to proof-of-stake, giving developers a “low stakes warm-up” and further functionality on the Beacon Chain. While the puzzle that is the Merge seemingly moved slowly at first, it is beginning to fall into place all at once.

As we approach the eventual transition to proof-of-stake, it is important to note what the upgrade will change and what will stay the same. Source Link

36

Bitcoin News & Updates / Bitcoin Eyes $60K as Active Entities Surge, Price Chart Shows Impending Bull Cro

« on: October 13, 2021, 04:55:27 PM »

An increase in network adoption along with a price increase is believed to confirm an uptrend. Bitcoin’s rally looks to have legs as the ascent is backed by a pickup in blockchain activity and a long-term technical indicator that is about to turn bullish.

While bitcoin has gained 30% this month, the user activity on the network, as measured by the seven-day average of the number of active entities, has increased 19% to 284,179, according to data provided by Glassnode. Source Link

37

Bitcoin News & Updates / Bitcoin Takes a Breather, Could Find Support at $50K-$52K

« on: October 13, 2021, 04:53:46 PM »

Bitcoin (BTC) buyers are exiting positions as overbought signals appear on the charts. Resistance is seen at around $58,000-$60,000, the level that preceded a price drop in May. This time, however, pullbacks could be limited toward the $50,00-$52,000 support zone.

BTC was trading at around $55,600 at press time and is down 3% over the past 24 hours. Source Link

38

Bitcoin News & Updates / Declining Interest in Bitcoin-Margined Futures Promises Less Price Volatility

« on: October 13, 2021, 04:51:55 PM »

With volatility likely to subside, more mainstream money may flow into the market. Days of extreme price volatility during market downturns may be behind us because traders are increasingly using stablecoins or fiat currencies as collateral to trade futures contracts.

These contracts are an obligation to buy or sell the underlying at a later date at an agreed-upon price. Source Link

39

Bitcoin News & Updates / Bitcoin Hovers Near 200-Hour MA and Close to Its Support

« on: October 13, 2021, 04:49:08 PM »

The cryptocurrency is down for a second straight day. Bitcoin pulled back again early Wednesday on the heels of a recent bull run.

The cryptocurrency was trading near its 200-hour moving average (MA) and close to its support at $54,500 earlier today, representing a 2.6% drop on the day. That follows a 2.58% decline on Tuesday. Source Link

40

Bitcoin News & Updates / Bitcoin Takes a Breather, Could Find Support at $50K-$52K

« on: October 13, 2021, 04:43:45 PM »

Upside momentum is slowing, although pullbacks could be limited into Asian trading hours. Bitcoin (BTC) buyers are exiting positions as overbought signals appear on the charts. Resistance is seen at around $58,000-$60,000, the level that preceded a price drop in May. This time, however, pullbacks could be limited toward the $50,00-$52,000 support zone.

BTC was trading at around $55,600 at press time and is down 3% over the past 24 hours. Source Link

41

Bitcoin News & Updates / Market Wrap: Bitcoin Declines as Indicator Shows Rally Could Lose Steam

« on: October 13, 2021, 04:17:21 PM »

Comments from J.P. Morgan CEO Jamie Dimon contributed to a sour mood across crypto markets. Bitcoin’s price dipped below $57,000 on Tuesday as analysts said the extreme buying in the market could mean the rally may soon be running out of steam.

They pointed to the bitcoin Fear & Greed Index, which entered “extreme greed” territory last week and is at the highest level since early September, which preceded a sharp sell-off in bitcoin. Source Link

42

Bitcoin News & Updates / Declining Interest in Bitcoin-Margined Futures Promises Less Price Volatility

« on: October 13, 2021, 04:15:25 PM »

With volatility likely to subside, more mainstream money may flow into the market. Days of extreme price volatility during market downturns may be behind us because traders are increasingly using stablecoins or fiat currencies as collateral to trade futures contracts.

These contracts are an obligation to buy or sell the underlying at a later date at an agreed-upon price. Source Link

43

Bitcoin News & Updates / Bitcoin Hovers Near 200-Hour MA Support; Resistance at $56.6K

« on: October 13, 2021, 04:09:14 PM »

Bitcoin is still up 25% despite the overnight price pullback.
Bitcoin remains on the offer following Tuesday’s 2.58% drop.
The cryptocurrency is currently trading near the 200-hour moving average (MA) support at $54,500 earlier today, representing a 2.6% drop on the day.
The average acted as strong support during the U.S. trading hours on Tuesday. Source Link

44

Cardano Forum / Gene Simmons’ $300K Cardano Investment Has More Than Doubled Since February

« on: October 12, 2021, 03:38:42 PM »

The Kiss star has veered heavily into crypto in recent years. It may have paid off handsomely.
Kiss bassist Gene Simmons tweeted in February that he had bought $300,000 of the Cardano blockchain’s ADA currency, writing it was “one I believe in.”

The conviction has paid off for the rocker, with ADA’s price more than doubling since then. Based on back-of-the-envelope math, the token hoard would be worth more than $700,000 now.

ADA is one of 14 cryptocurrencies Simmons owns,
Source Link

45

Bitcoin News & Updates / Dying for a Bitcoin Futures ETF? Watch Out for ‘Contango Bleed’

« on: October 12, 2021, 03:36:30 PM »

There’s a downside to SEC Chair Gary Gensler’s preference for an exchange-traded fund focused on bitcoin futures. But it’s unlikely to deter investors. Improved prospects of the U.S. approving a futures-based bitcoin (BTC) exchange-traded fund (ETF) has brought cheer to the crypto market.

However, the fund may fail to match bitcoin’s price performance thanks to a scary-sounding market dynamic known as “contango bleed.” This refers to fund underperformance that could theoretically occur because longer-dated futures contracts are trading at higher prices than shorter-dated contracts. Source Link

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Legality & Taxation of Cryptos / DCG’s $1B Pledge and an SEC Filing Kindle Fresh Speculation on ‘Grayscale Discou

Bitcoin News & Updates / Market Wrap: Bitcoin Rises Again as Altcoins Outperform

Bounties & Rewards [BOUNTY] / Re: 🔴[BOUNTY]🔴BITGAME ✅Live Project💰200 000$ in LUT Tokens💸Payout every 2 week🔥

NFTs & Collectibles / The Financialization of NFTs Raises Regulatory Issues

Ethereum News & Updates / Ethereum’s Latest Progress Toward Proof-of-Stake

Bitcoin News & Updates / Bitcoin Eyes $60K as Active Entities Surge, Price Chart Shows Impending Bull Cro

Bitcoin News & Updates / Bitcoin Takes a Breather, Could Find Support at $50K-$52K

Bitcoin News & Updates / Declining Interest in Bitcoin-Margined Futures Promises Less Price Volatility

Bitcoin News & Updates / Bitcoin Hovers Near 200-Hour MA and Close to Its Support

Bitcoin News & Updates / Bitcoin Takes a Breather, Could Find Support at $50K-$52K

Bitcoin News & Updates / Market Wrap: Bitcoin Declines as Indicator Shows Rally Could Lose Steam

Bitcoin News & Updates / Declining Interest in Bitcoin-Margined Futures Promises Less Price Volatility

Bitcoin News & Updates / Bitcoin Hovers Near 200-Hour MA Support; Resistance at $56.6K

Cardano Forum / Gene Simmons’ $300K Cardano Investment Has More Than Doubled Since February

Bitcoin News & Updates / Dying for a Bitcoin Futures ETF? Watch Out for ‘Contango Bleed’