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Topics - Nikawe

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While the network has witnessed a drop in the figures of its settlement to around $12 billion now, it doesn’t negate the fact that the network has witnessed a 40x growth in its settlement value from the previous year when the figures were well below $10 billion. Neither does it reduce the fact that Bitcoin has become increasingly mainstream as we have witnessed a number of mainstream and institutional adoption.

Popular crypto market analyst, Willy Woo, speaking on this growth stated that Bitcoin’s growth has been phenomenal because judging by its settlement numbers, it means the asset is “presently doing ~$190k per second. Compare this to $130k per second by Visa for US customers and $55k per second for Mastercard.”click

2
Bitcoin started a downside correction from the $57,800 zone against the US Dollar. BTC must stay above the 100 hourly SMA to start a fresh increase in the near term.

Bitcoin corrected lower below the $57,000 pivot level.
The price is now trading above $56,000 and the 100 hourly simple moving average.
There is a major bullish trend line forming with support near $55,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a fresh increase if it clears the $57,000 resistance zone.see

3
ETH price is lagging behind BTC's recent gains, but data signals that traders are confident in the altcoin breaking through $4,000 in the short-term. The price of Ether (ETH) is lagging Bitcoin's (BTC) price action by 13% in October, but is this relevant? To date, the altcoin has still outperformed BTC by 274% in 2021. However, traders tend to be short-sighted and some will question whether the Ethereum network can successfully migrate to proof of stake (PoS) validation and finally solve the high gas fees issue.more Information

4
Co-founder of Ethereum, Vitalik Buterin has for the first time in a while spoken at length about his views on Bitcoin and Ethereum. In the recent podcast interview with The Stakeborg Talks, Buterin bared it all, sharing some insightful thoughts regarding both assets and the cryptocurrency community in general.

The 27-year-old has seen his brainchild Ethereum grow from just being an idea to being an over $400 billion industry. This year also marked a significant milestone for the Ethereum blockchain which successfully launched the London upgrade that ushered in the much-anticipated EIP-1559 that has introduced the potential for the network to become deflationary when it is married with the planned migration to a proof of stake protocol come ETH 2.0.
One significant revelation Buterin made in the interview was the fact that he was bothered that the cryptocurrency space could walk into a “cultural trap” if changes were not made to some standing schools of thought that had gained ground among Bitcoin and Ethereum proponents.More

5
The price of Bitcoin (BTC) has continued to drop as the premier cryptocurrency stays afloat a price well below its 7-day high of $41,295.27. At present, BTC is down 5.21% to $35,952.61 according to CoinMarketCap, a bearish positioning that negates the current favorable conditions of the Bitcoin blockchain. Since the price of Bitcoin began retracing from its All-Time High price above $64,000, the market trend has witnessed a more passive engagement from retail investors across the board.see more

6
Prominent entrepreneur, investor and the author of the best-selling “Rich Dad, Poor Dad” book on financial literacy Robert Kiyosaki has taken to Twitter to share his take on the recent announcements of more financial stimulus by the US government in March, when a $1.9 trillion plan was approved.
Besides, some lawmakers are proposing the fourth round of stimulus checks.
Kiyosaki has tweeted that the bubble is growing fast and “the biggest crash in world history is coming”.
Previously, no link shorteningday reported that Kiyosaki turned into a vocal supporter of Bitcoin. Unlike other major Bitcoiners, he does not slam traditional safe havens, such as gold, and tweeted that he was acquiring more gold, silver and Bitcoin.source

7
148 million XRP moved by Binance and Bittrex
The crypto tracking service has posted several tweets about substantial amounts of XRP moved across the XRPL over the past twenty-four hours.
The biggest digital trading venue in China, Huobi, has sent a whopping 50 million XRP to the largest exchange in the world by trading volume – Binance. In fiat, it is equal to $39,301,009.
Whale Alert also noticed an XRP transfer of 15 million XRP coins from the US-based Bittrex exchange to the UpBit platform.
Bybit exchange, based in Singapore and registered in the British Virgin Islands, has moved a staggering 83 million XRP from one of its wallets to another.
The overall amount of XRP  transferred by these platform totals 148 million coins. That is worth $118,159,676 in fiat.source

8
Cryptocurrency Price Speculations / Polygon (MATIC) price analysis
« on: June 19, 2021, 03:53:25 PM »
19 June

After briefly testing the support at $1.31, MATIC’s price showed slight gains. The alt was trading at $1.38 at press time and was down 45.32% from its ATH, with a breakeven multiple of 1.83. If MATIC’s price continued to recover, it could test the key resistance at $1.69

9
Danske Bank isn't completely sold on cryptocurrency but said it won't stop its customers from using its services in connection with crypto platforms.Danske Bank, the largest bank in Denmark, laid out its official position on cryptocurrencies on June 17, when it published a four-point notice describing reasons to be careful when trading in digital assets.
While the bank urged users to exercise caution, it stopped short of taking any practical stance against cryptocurrency. The bank stated that it won’t offer any cryptocurrency services to its customers itself, but also that it wouldn’t interfere with transactions coming from crypto platforms.
“For customers that deposit funds that stem from investments in cryptocurrencies, we will treat them in the same way as deposits of funds from other types of investments,” stated the bank.Read More

10
Coinbase / Shiba Inu coin (SHIB) dumps after Coinbase Pro snub
« on: June 18, 2021, 12:47:33 PM »
Shiba Inu coin (SHIB) dumps after Coinbase Pro snub
Shiba Inu’s (SHIB) proposed debut on the US crypto exchange Coinbase Pro came as a shocking surprise to many. After all, the latter’s one of the most regulated, compliant exchanges in the world, while the former is a mere meme currency with no native feature of its own.
Yet, Coinbase Pro mentioned it alongside Keep Network (KEEP) and Chiliz (CHZ) earlier this week as the three new assets to be listed on the platform.
Many in crypto circles hypothesized the move was a way for Pro to remain relevant, or even to compete with competitors (which list such coins but are arguably less legally compliant) on revenue.
The Shibu Inu ‘community,’ at the time, went bonkers. But the happiness has proven to be short-lived after Coinbase Pro made an amendment to its SHIB plans late on Wednesday.
“We are experiencing technical issues that will temporarily delay the launch of SHIB on Coinbase Pro,” the exchange said, both in a tweet and in a blog post update.
“At this time we are disabling deposits of SHIB; withdrawals are still available,” it added much to the dismay of SHIB hopefuls.source

11
Cryptocurrency Price Speculations / Uni analysis
« on: June 17, 2021, 05:24:34 AM »

During the June 13 trade, UNI managed to flip $22.1 back into a support level, trading at $23.3 at press time. The coin continued to move sideways, registering lower highs on the 4-hour chart. The Chaikin Money Flow saw capital inflows building up as the indicator noted a slight uptick.

12
DeFi tokens / Sushi swap price analysis daily
« on: June 17, 2021, 05:21:43 AM »
16 June(USD/Sushi)
SUSHI maintained $9.6 as strong support for a long time, until the June 8 dip flipped it into a resistance level, creating a critical support level at $7.2. In the last 24 hours, the coin unsuccessfully tried to flip $9.6 back into support and traded at $8.8 at press time. The MACD indicator noted a bullish crossover on June 13. However, at the time of writing, the blue indicator line and the red signal line remained aligned at the neutral line.

13
People from the United States can now buy and trade FTM, the much-awaited, native token of the fastest blockchain Fantom, as the first US based exchange lists it.
Gemini, one of the leading US-based digital currency exchange platforms, has officially listed Fantom (FTM) on its trading platform. This will allow US users to buy and exchange Fantom, a project that’s been trending since the beginning of 2021. This marks the first step Fantom has taken into the regulated DeFi trading environment.
Gemini’s digital assets platform has existed since 2014 and is the brainchild of the Winklevoss brothers. It became the world’s first licensed Ethereum exchange network in 2016, and was also the first licensed Zcash network. Users can trade most of the popular cryptocurrencies including Bitcoin, Litecoin and others on their platform and the company has Gemini Dollar as a native stable coin. As a regulated and trusted platform, Gemini also allows users to freely transfer USD into their accounts to convert into the crypto currency of their choice to trade on an open market.source

14
DeFi tokens / DeFi loses $17 million in two incidents
« on: May 09, 2021, 06:02:47 PM »
Attackers have stolen funds in nine assets, including 15,000 Binance Coins (BNB) and 68,300 BUSD. All funds were immediately swapped for various Ethereum-based tokens.

A bug in the codebase that prevents the swap fuction from acting in the correct manner under certain circumstances has been identified by Mr. Igamberdiev as the "root cause" of this attack.

Thus, liquidity pools are congested due to a lack of balance between the first and second asset amounts in the pool pairs.source

15
Crypto Wallets / MetaMask warns of new phishing bot
« on: May 05, 2021, 02:57:44 AM »
Crypto wallet provider MetaMask has alerted its users of a new phishing bot that attempts to steal their seed phrases.

In a tweet published Monday, May 3, MetaMask warned users that the bot attempts to direct users to a purported “instant support” portal where they are prompted to enter information into a Google Docs form.

PHISHING ALERT!: a new type of phishing bot is becoming active.
Comes from an account that looks “normal” (but few followers)
Helpfully suggests filling out a support form on a major site like Google sheets (hard to block).
Asks for your secret recovery phrase. pic.twitter.com/EeHumnmzbE

— MetaMask (@MetaMask) May 3, 2021
Source:click

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