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Topics - Micky

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151
Bibox
Listings:
Swaprol (SWPRL)

BigONE
Listings:
LBRY (LBC)

Bilaxy:
Listings:
Polka City (POLC)
Launchpool token (LPOOL)
SuperFarm (SUPER)
SOTA (SOTA)
Quickswap (QUICK)
AC Milan Fan Token (ACM)
Polkamarkets (POLK)
Mask Network (MASK)
Fractal Protocol Token (FCL)
xToken (XTK)
Public Mint (MINT)
Alpha5Token (A5T)
xSigma (SIG)
SENTinel (SENT)
DeFiPIE Token (PIE)
B.20 (B20)
Antimatter Finance Governance Token (MATTER)
HOPR Token (HOPR)
Vortex DeFi (VTX)
ProphecyTOKEN (PRY)

Binance
Listings:
UniLend (UFT)
AC Milan Fan Token (ACM)
Phala Network (PHA)
Terra Virtua Konect (TVK)

Bitfinex
Listings:
Solana (SOL)

Bithumb
Listings:
Ultra (UOS)
NuCypher (NU)

BKEX
Listings:
TokenPocket (TPT)
EarnDeFi Coin (EDC)
Mask Network (MASK)
xSigma (SIG)

CoinEx
Listings:
PancakeSwap (CAKE)
DODO (DODO)

Cointiger
Listings:
MCAN (MCAN)
DeFi For You (DFY)
Alpha Finance Lab (ALPHA)
BakerySwap (BAKE)
DODO (DODO)
STAKE (STAKE)
Swipe Token (SXP)
Radicle (RAD)

Coinsbit
Listings:
Beyzat (BYZ)
STABLE (STA)
ALLBI (ALLBI)
FERMA (FERMA)
World FOOD (FOOD)
Hashbon (HASH)
888Tron (888TRON)
Moonai (MOOI)

Crex 24
Added Trading Pairs:
NS/BTC
NS/ETH
NS/USDT
REMIT/BTC
REMIT/ETH
REMIT/USDT

Crypto.com
Listings:
Avalanche (AVAX)
Added Trading Pairs:
MKR/USDC
KNC/USDC
MATIC/USDC
CHZ/USDC
SKL/USDC

Dcoin
Listings:
SHD Cash (SHDC)

DigiFinex
Listings:
Bitgesell (BGL)
Crypto Rewards Studio (CRS)
Verasity (VRA)
Mask Network (MASK)
PancakeSwap (CAKE)
DODO (DODO)
Venus (XVS)

FINEXBOX
Listings:
Crystaleum (CRFI)
Reed Elsevier (RELX)
BNX Token (BNX)
NcxxCoin (NCXC)
NodeStats (NS)
YearnCasino (YRNC)

FTX
Listings:
Fantom (FTM)
Kin (KIN)
ENJIN (ENJ)
0x (ZRX)

Gate.io
Listings:
TokenPocket (TPT)
Bondly (BONDLY)
Launchpool (LPOOL)
SuperFarm (SUPER)
UniLend (UFT)
Raydium (RYD)
PolkaBridge (PBR)
Goose Finance (EGG)
Mask Network (MASK)
Hacken Token (HAI)
HOPR Protocol (HOPR)
Alpha Quark (AQT)
Polkamarkets (POLK)
Prometeus (PROM)
Easyfi.Network (EASY)
Terra Virtua Konect (TVK)
Bridge Mutual (BMI)
Swingby (SWINGBY)

HitBTC
Listings:
Orion Protocol (ORN)
Origin Protocol (OGN)
Centrality (CENNZ)
Reef (REEF)
The Graph (GRT)
PowerPool (CVP)
DODO (DODO)
Ethereum Express (EEX)

Hotbit
Listings:
Cyclone (CYC)
PoolTogether (POOL)
PAID Network (PAID)
Calisto (YCT)
UniLend (UFT)
ACryptoSI (ACSI)
SuperFarm (SUPER)
Goose Finance (EGG)
NFTLootBox (LOOT)
Mask Network (MASK)
YFHI (YFHI)
Curiosity.Finance (CUFI)
SoviFinance (SOVI)
HOPR Protocol (HOPR)
WORDLEX FINANCE (WDX)
Anime Token (ANI)
UMEfinance (UME)
Duck Finance (DUCKFINANCE)
Reflex (RAI)
Terra Virtua Konect (TVK)
Alpha5Token (A5T)
dFuture (DFT)

Huobi
Listings:
Mask Network (MASK)
Flow Blockchain (FLOW)

KuCoin
Listings:
Oraichain Token (ORAI)
Bridge Oracle (BRG)
Lattice Token (LTX)
ZeroSwap (ZEE)
Mask Network (MASK)
Ideaology (IDEA)
SparkPoint (SRK)
Phala Network (PHA)
SparkPoint (SRK)
Added Trading Pairs:
BCH/KCS
Delistings:
Metadium (META)
HC (HC)
Fortuna (FOTA)
TrueFlip (TFL)
Insolar (XNS)

LBank
Listings:
CheeseSwap (CHS)
PieDAO (DOUGH)
EliteSwap (ELT)
Mask Network (MASK)
Radicle Protocol (RAD)
Fractal (FCL)

MXC
Listings:
TokenPocket (TPT)
Swirge (SWGb)
PolkaBridge (PBR)
Mask Network (MASK)
Peanut (NUX)
Sovi Finance (SOVI)
HOPR Protocol (HOPR)
Secret Network (SCRT)

OKEx
Listings:
Flow (FLOW)
Terra (LUNA)
Mask Network (MASK)

Poloniex
Listings:
Bridge Oracle (BRG)

ProBit Exchange
Listings:
ECOIN (ECC)
EXGOLD (EXG)

P2PB2B
Listings:
KOLOOP BASIC (KOLOOP)
WEECOINS (WCS)
Rakon (RKN)
EsportsPro (ESPRO)
Mainston (STON)

SynchroBit
Listings:
Ankr (ANKR)

VinDax
Listings:
Point Wish Token (PWT)
ANS Coin (ANS)
Scholarship Coin (SCHO)
Farmer DeFi (FRM)

XT
Listings:
Bitair (BTCA)
Nydronia (NIA)
Mask Network (MASK)

Crypto Listing and Delisting Announcements: Week 9
https://cryptonews.com/news/crypto-listing-and-delisting-announcements-week-9-9390.htm?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

152
Crypto Exchanges / QuickSwap DEX Offers Credit and Debit Card Support
« on: March 03, 2021, 07:29:37 AM »
QuickSwap now offers a fiat onramp for credit and debit card users, making it one of the first decentralized exchanges (DEXes) to do so.

Fiat Support for DEX Purchases
QuickSwap has announced that its DEX will allow users to buy crypto with payment cards. “After careful deliberation, we’ve launched Transak integration, allowing users to buy crypto straight from their credit or debit cards on QuickSwap,” the project noted on Twitter.

Typically, DEXes only allow crypto-to-crypto trades, meaning that QuickSwap is one of the first to offer the feature. “We don’t know of any other DEXs who are offering this service,” the project noted.

Despite that claim, some DEXes do offer the feature. KyberSwap partnered with Coindirect to offer a fiat gateway in October 2020, so the feature is not entirely unheard of.

QuickSwap Offers Low Fees
In addition to fiat support, QuickSwap is also able to charge low fees because it is built on the Polygon network (formerly Matic), a second-layer scaling solution for Ethereum.

This approach means that users can trade assets on Polygon-based DEXes like QuickSwap and pay lower fees. By entering crypto directly through the fiat onramp to layer 2, users can massively reduce the cost of making their first on-chain cryptocurrency purchase with their credit or debit cards.

These funds can then be migrated easily through the Matic wallet to layer 1 of Ethereum, where most dApps still reside.

Ethereum 2.0 promises to reduce fees and improve performance, but in the meantime, layer 2 solutions will likely see increased usage.

Disclosure: The author held ETH, UNI, SUSHI, and MATIC at the time of press.
QuickSwap DEX Offers Credit and Debit Card Support
https://cryptonews.net/479457/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared


153
Crypto exchange giant Binance announced Tuesday an investment in Multicoin Capital.

Multicoin is a hedge fund that invests in crypto startups. With the deal, Binance has now become a partner of the hedge fund.

"This is the first investment we have made of this nature. As a result, we will continue working closely with Multicoin Capital to explore new opportunities for blockchain, including development and market expansion," Binance said in a blog post.

Other investors in Multicoin include Ribbit Capital, eminent venture capital fund Union Square Ventures, venture capitalist Marc Andreessen, and former chief operating officer of PayPal Holdings Inc David Sacks.

“[Multicoin Capital] has a strong track record and a unique knowledge of emerging assets that extend well beyond Bitcoin,” said Binance CEO Changpeng Zhao in a statement. “They are the best at what they do, and we are glad to join them as limited partners. We look forward to working more closely together in the broader industry.”

As noted in a profile of Multicoin's portfolio produced by The Block Research, the hedge fund was founded in 2017 by Kyle Samani and Tushar Jain. Its portfolio cuts across an array of industry sectors, including infrastructure.


Binance announces investment in crypto hedge fund Multicoin Capital
https://cryptonews.net/479519/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

154
You’ve probably seen the scammy tweets and video livestreams, usually tied to a fake celebrity account. “BTC Giveaway! Send 1 BTC to verify, and receive 2 BTC in return!”

Nobody actually falls for those, right? Well, it looks like someone just did...to the tune of $243,000 in Bitcoin.

🚔 A payment of 5 #BTC (243,153 USD) was just made to a confirmed Elon Musk Giveaway scam!https://t.co/06RBSkkcGr

— Whale Alert (@whale_alert) March 1, 2021

On March 1, a Bitcoin address sent 5 BTC to a verified scam address. The address, 1EMuskYdgB3BtwxpEP46txN5EAN8KnA7dE, is associated with a fake Elon Musk website, https://elon2x.com/tesla.htm that promises to return double any amount of Bitcoin it receives between 0.1 and 10 BTC.

While it’s unclear whether the sender is a victim of the scammer or in cahoots with them (e.g., the scammer transferring money between wallets), it’s a gentle reminder that the Tesla CEO isn’t here to make you rich.

'Elon Musk' Bitcoin scam rakes in $2 million in two months
One reason people fall for such scams (in addition to good old-fashioned gullibility) is because two truisms don’t always hold up in crypto. Sometimes there is such a thing as a free lunch. Take airdrops. In September 2020, for example, decentralized exchange Uniswap airdropped 400 UNI tokens (then worth $1,200) to its users. Anyone who held on to the governance tokens would now have $10,000.

When Showtime, a forthcoming “NFT social network” hinted at its own airdrop by asking for Ethereum addresses on Twitter, it drew in legitimate blockchain authorities such as CoinShares Chief Strategy Officer Meltem Demirors and Week in Ethereum publisher Evan Van Ness. (The difference being that no one was asked to send any funds.)


And, if it looks too good to be true...it might still be true, at least for a little while. How else do you explain being able to buy Bitcoin for $8,000 a year ago and cash out now with a $40,000 profit?

Then again, protocols get hacked, liquidity pools get drained, and rugs get pulled. This is magical internet money, where scams and savings, fraud and financial freedom, live side by side.

But Elon Musk lives in a mansion. And it’s not because he’s giving you free Bitcoin.

Someone Sent $243K in Bitcoin to an 'Elon Musk' Scam Wallet Address
https://cryptonews.net/479549/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

155
Bitcoin price recovered above $48,000, but it failed near $50,000 against the US Dollar. BTC is now holding gains above $47,000 and it is likely to make another attempt to surpass $50,000.

Bitcoin is consolidating gains above the $47,000 and $46,500 support levels.
The price is now trading well above $47,000 and the 100 hourly simple moving average.
There is a key declining channel or a bullish flag forming with resistance near $49,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a strong increase once it clears $49,000 and $50,000 in the near term.
Bitcoin Price is Showing Positive Signs
After struggling to clear the $50,000 resistance, bitcoin started a downside correction. BTC declined below the $49,500 and $49,000 support levels.

The price even traded below the 23.6% Fib retracement level of the upward move from the $43,000 swing low to $50,190 high. It even declined below the $48,000 support level. However, the bulls were able to protect the $47,000 support zone.

The price remained stable above the 100 hourly simple moving average, which is currently at $47,100. Bitcoin also remained well bid above the 50% Fib retracement level of the upward move from the $43,000 swing low to $50,190 high.

Bitcoin Price

Source: BTCUSD on TradingView.com

It seems like there is a key declining channel or a bullish flag forming with resistance near $49,000 on the hourly chart of the BTC/USD pair.

If there is an upside break above the channel resistance, there are high chances of a push above the $50,000 resistance. The next major resistance is near $52,000, above which the bulls are likely to take control.

TA: Bitcoin Holding Gains, Why BTC Could Surge Above $50K
https://cryptonews.net/479574/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

156
Famous American investor and financial commentator, Jim Rogers, has recently expressed his regret over not buying bitcoin several years ago.

In a recent interview with RealVision, the American investor noted that he deeply regrets his decision to not buy bitcoin years ago when the digital currency was not worth as much as it is now.

He noted that while several other cryptocurrencies have come and gone over the past couple of years, bitcoin is still going strong and that is making him feel bad for not having any unit of the cryptocurrency in his portfolio.

He said, ” I wish I had bought bitcoin. I will point out that many cryptocurrencies have already disappeared and gone to zero. We all hear about bitcoin. We don’t hear about the dozens that don’t exist anymore.”

Governments Will Try To Control Bitcoin
Rogers noted that with the rate at which bitcoin is growing, it could potentially become something much more than just a trading vehicle —- a viable currency.

However, he also pointed out that if bitcoin ever gets to that stage, federal governments would want to maintain control over the digital currency, a move that would jeopardize its decentralization.

He said, ” If bitcoin ever becomes a viable currency instead of a trading vehicle, they can outlaw it. Governments don’t want to lose control, they like their monopoly. Do you think they’re going to say, ‘Okay, here are US dollars and they’re on the computer, but if you want to use something else, you can?’ That’s actually not my experience with governments at any time in history.”

Bitcoin Critics Change Their Stance
Jim Rogers has long held the reputation of a popular bitcoin critic. The popular investor has often described bitcoin, and cryptocurrencies in general, as a massive bubble.

He even once alleged that all cryptocurrencies will go extinct, with their values dropping to zero. However, he has realized that bitcoin is performing even better than expected, and it will not be surprising if he eventually decides to add bitcoin to his portfolio.

On Monday, multinational investment bank, Goldman Sachs, reopened its bitcoin trading desk seeing as institutional interest in the cryptocurrency keeps increasing.

Goldman Sachs broke the internet in early 2020 when it criticized bitcoin, saying that it is not an investment asset.

Legendary Investor Jim Rogers Wishes ‘He Had Bought Bitcoin.’
https://cryptonews.net/479445/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

157
Craig Wright does not intend to take control of Bitcoin, and, for that matter, is not a member of the Bitcoin Association.

This is the summary of Calvin Ayre‘s (who is part of the Bitcoin Association, behind the development of Bitcoin Satoshi Vision) statement on the matter of Craig Wright suing Bitcoin developers, including BSV.

In his statement, Calvin Ayre, a friend of Craig Wright’s and a firm believer that it is he who hides behind the pseudonym Satoshi Nakamoto, explained his point of view on the matter.

The facts are the following: Craig Wright was the victim of a cyber attack in which 111,000 bitcoin were stolen from him. In order to get his cryptocurrencies back, Craig Wright sued the developers of BTC, BCH, BSV and BCH ABC, who he claims have a duty to cooperate in returning the coins to the wallet from which they were stolen.

The fact that BSV, which Craig Wright is supposed to be supporting, was among those being sued caused a stir, and the Bitcoin Association issued a statement seeming to distance itself.

Craig Wright and the stolen bitcoin lawsuit: Calvin Ayre’s side of the story
In reality, according to Calvin Ayre, things are not quite as they are made out to be. To begin with, Craig Wright is not a member of the Bitcoin Association even though he is Satoshi Nakamoto and with BSV he had intended to restore Bitcoin to its original version:

“But despite Craig being the real-world figure behind the Satoshi Nakamoto pseudonym credited with inventing Bitcoin back in 2008, Craig is not part of the Association, a decision that was intended from day one to demonstrate that no single individual controls BSV.

Part of Craig’s vision for restoring Bitcoin’s original design was to lock BSV’s protocol, offering developers and enterprises the confidence with which to proceed with their plans, safe in the knowledge that their work won’t be sabotaged by decisions made without their consultation by self-appointed network demigods”.

The decision not to join the Bitcoin Association and to block the BSV protocol was also made with the aim of ensuring that no one could take control of the network. This is what Calvin Ayre claims. No one, not even Craig Wright himself.

For Calvin Ayre, Craig Wright’s intent in suing the developers is not about taking control of Bitcoin, forcing miners to make a transaction that some say could undermine the trust of the blockchain.

Because, Calvin Ayre goes on to explain, when Craig Wright first conceived of Bitcoin he envisioned a kind of triple confirmation, where one transaction could be reversible, returning misappropriated funds, while a second transaction would erase the first “illegal” one while retaining memory of the crime committed.

Calvin Ayre adds:

“Bitcoin’s various forks (such as BTC and BCH) removed this functionality from their code but it would be fairly easy for miners to reinsert these tools. This would help enshrine Bitcoin as a legally compliant technology and remove the threat of future legal actions that are undoubtedly in the works by other victims of digital larceny”.

The fact that Craig Wright had to go to court strengthens the purpose of the Bitcoin Association, which is to build an ecosystem that operates legally, according to Calvin Ayre. While the BSV cryptocurrency, which Craig Wright co-founded, cannot be controlled by anyone. Therefore, Calvin Ayre’s position is clear and once again in defence of his friend:

“So don’t believe the hype emanating from those who claim Craig’s legal action is intended to achieve an unchallengeable dominance over Bitcoin. He himself has ensured that can never happen. All he wants is for the technology he invented to fulfill its destiny as a legally compliant global payment and data storage system”.

There will come a time, he concludes, when the cryptocurrency wild west is set to end, and that time is getting closer. If cryptocurrencies were remembered and compared to Jesse James, Billy the Kid and the Hole in the Wall gang, none of them lived long, Calvin Ayre recalls. But Bitcoin SV and the Bitcoin Association are something else, which is why, he concludes, their future will be bright:

“The Bitcoin Association has chosen to wear a white hat in this drama, which is just one of the reasons— alongside unparalleled scaling capacity and ultra-low transaction fees—why BSV’s long-term future appears far brighter than its legally conflicted rivals”.
"Craig Wright does not want to control Bitcoin"
https://cryptonews.net/479134/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

158
Over the recent months, Bitcoin has made significant strides towards becoming a mainstream asset, mostly inspired by institutional investors. Tesla’s (NASDAQ: TSLA) $1.5 billion investment in the digital currency largely inspired the new all-time high, and Bill Gates calls for caution among investors.

Speaking to Bloomberg TV, Microsoft’s (NASDAQ: MSFT) founder has issued an interesting view on who should invest in Bitcoin days after Tesla CEO Elon Musk contributed to the asset’s $58,300 new all-time high.

The philanthropist believes you should only opt for Bitcoin if you are the world’s richest man with tons of money like Musk.

Gates warned that you should only invest in a digital assets if you have more money to spare.

“Elon has tons of money, and he’s very sophisticated, so I don’t worry that his Bitcoin will sort of randomly go up or down. I do think people get bought into these manias who may not have as much money to spare. My general thought would be that if you have less money than Elon, you should probably watch out,” said Gates.

Gates maintains that he has not invested in Bitcoin due to the asset’s speculative nature. He notes that his money is in companies that produce products.

Bill Gates on Bitcoin: If you have less money than Elon, watch out
https://cryptonews.net/477715/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

159
About $3.3 billion worth of Bitcoin options expires today. Should traders cash out, they could dump a lot of Bitcoin on the market, potentially putting pressure on Bitcoin’s price. Should they hodl">HODL or reinvest, the crypto market's rivers could gush with fresh money.

In addition to the Bitcoin investments, 400,000 ETH worth of Ethereum options contracts also expire today. That’s worth about $613 million.


Options contracts grant traders the right, but not the obligation, to buy some asset (in this case, Bitcoin) at a specified price at some point in the future. Bitcoin options are, essentially, another way to speculate on Bitcoin’s price.

You can trade these options contracts right up until they expire, and they become more valuable if it looks like they’re going to be correct. They differ from futures contracts, which force traders to buy Bitcoin at a certain price upon the expiry of the contracts.

Options and futures contracts come in various shapes and sizes and expiry dates. But the last Friday of the month is always a clean-cut and lots of contracts expire on this day each month.

So, what’s it all mean?

Denis Vinokourov, head of research at crypto prime broker Bequant, isn’t too fussed. “Options flows are not yet at the size where they can move the market,” he told Decrypt.

More recently, Vinokourov has noticed that although the price dips when traders cash out their options, it subsequently goes back up. “It is worth noting that a lot of the flow is market neutral, as opposed to directional,” he added. In other words: less buying and selling, more HODLing.

There’s far more money in contracts that expire at the end of March, however; about 84,700 Bitcoin, per Skew Analytics, currently worth $4 billion. It’s the same story with Ethereum: 551,800 ETH expires on March 26, or $841 million.

That could be because the final Friday of March is close to the tax deadline, which in the US is April 15. Traders that profit from futures or options contracts must put that towards their tax bills; losers can write it off as losses.

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

$3.3 Billion in Bitcoin Options Expire Today. Here's What It Means
https://cryptonews.net/477359/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

160
A regional report from China indicates that bitcoin mining rig manufacturers have seen a massive surge in demand since the price of the leading crypto asset skyrocketed. Companies such as Canaan Creative have placed significantly sized mining rig orders while other companies like Bitmain are completely sold out.

Bitcoin Mining Rig Manufacturers Experience a Device Demand Boom
Bitcoin (BTC) prices in February have spiked considerably in value and this has fueled the BTC mining sector a great deal. On Friday, the Bitcoin network hashrate is hovering above the 150 exahash (EH/s) range and there are 21 pools directing hashrate at the blockchain.

On Sunday, February 21, 2021, BTC prices touched an all-time high (ATH) at $58,354 per unit but the price has since dropped in value since then. The price per BTC has been hovering around the $47k handle at the time of publication on Friday afternoon (EST).

On Thursday, a regional report from China details that Chinese mining device manufacturing businesses are seeing lots of demand for products. China’s Global Times contributor Yin Yeping highlights that mining machine makers [are] seeing a surge in demand.”

The report notes that Shanghai Securities News revealed that Canaan Creative shares jumped 318% this year. Moreover, the company Ebang and Ebon International shares were up 82%.


Advance-Orders and Sold Out Stock
Yeping’s report also says that Canaan has revealed it has seen a “jump in orders since last year.” Central Asia and North America were the two regions with the most demand for mining devices, Canaan detailed.

On Tuesday, Canaan told the regional publication that it has contracted advance orders from both Core Scientific and Hive Blockchain. Canaan will supply 6,400 ASIC mining machines to Hive and 6,000 mining rigs to Core Scientific.

According to Canaan, 100,000 units have been pre-ordered by customers from North America this year and the firm claims to have seen advance payments of up to $200 million. Yeping also highlights that Bitmain is completely sold out and “new products are not available yet.”

Bitmain’s website shows the company’s latest machines but the devices are indeed sold out and the website’s new orders display says “to be determined (TBD)” Microbt’s Whatsminer products are also sold out as well.

The company Innosilicon’s ASIC mining rigs are completely sold out and Ebang’s web portal says customers need to make an inquiry about orders. Ebang’s site also notes that shipments are “3-3.5 months after payment.”

The lack of ASIC availability directly from the sources has made bitcoin mining rig second market prices skyrocket. For instance, a Microbt-made Whatsminer M20S 68TH/s located in the U.S. on Ebay is selling for $5,000. Machines with 11-13TH/s are selling for $250-$800 per unit on Ebay.

China's Bitcoin Mining Rig Manufacturers Pressed by Demand, Advance Orders, Devices Sold Out
https://cryptonews.net/477373/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

161
ADA, the native cryptocurrency of the Cardano blockchain, has surged 13% in the past week, 269% in the last month, and 2,633% since last year. With all that upward momentum, it’s managed to become the third-largest cryptocurrency by market capitalization.

Today, it kept going up all the way to a price of $1.28 even as much of the rest of the market lingered in the red. Bitcoin this week fell 15% and Ethereum is down 22%.

Dubai Fund Sells $750 Million of Bitcoin to Buy Cardano, Polkadot
Apart from Dogecoin, the price of which was helped upward by Elon Musk tweets, Cardano is the best-performing crypto asset in the top 20 this year, according to data from Nomics. Impressively (and like Dogecoin), it’s performed well despite not being listed on Coinbase, a major gateway for main street US investors.

So, why is the price going up?

There are two likely culprits. First, it’s hard forking at the beginning of March...and that’s a good thing. After the “Mary” hard fork, Cardano will become a “decentralized, multi-asset (MA) smart contract platform,” writes Tim Harrison of IOHK, the primary #DevelopmentTeam  behind Cardano.

Translation: smart contracts, decentralized finance (DeFi), and non-fungible tokens (NFTs) are all coming to the network. That may not seem like a huge deal given that Ethereum, the blockchain Cardano is often compared to, has all those things. But have you seen how high the gas prices on Ethereum have gotten?

Yet blockchain projects get upgrades and integrations and new features all the time. There’s no solid evidence that individual investors are pricing that into their decision-making while ignoring developments on other networks—although Cardano is getting ready to introduce NFTs at a time when they’re getting mainstream media attention. It’s great timing.

A second factor that could be driving the price up is this week’s news that FD7, a Dubai investment firm, sold $750 million in Bitcoin so it could buy ADA and Polkadot.

Gerald Votta, communications director at investment research firm Quantum Economics, told Decrypt, “Since Cardano has been trading close to a dollar and the platform has a lot of well-thought-out development, this may be the smartest play [FD7] can make for bigger returns.”


But Polkadot, the other recipient of the FD7 investment is down 13% for the week, so it’s unlikely that the bullish ADA market is entirely attributable to that either.

Cardano founder Charles Hoskinson, who also co-founded Ethereum, doesn’t know what’s behind the market momentum.

“If I knew why the prices behave the way they do, then I'd be a trader, not a builder,” he told Decrypt. “I'm focused on the growth of the Cardano ecosystem and the realization of our industry's use and utility in the developing world.”

Even if he is just a builder, he’s helped build something that people are buying.

Sorce Why Is Cardano Pumping While Other Cryptocurrencies Are Slumping?
https://cryptonews.net/477409/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

162
The US President Joe Biden promised to deliver a $1.9 trillion stimulus plan to revamp the country's economy that was hit hard by the Covid-19 pandemic.

Besides using their traditional US dollar (USD), the government was also planning to use other alternatives including central bank digital currency (CBDC) known as digital dollar. But will the situation change with the change of the President?

Using cryptocurrency to fight the pandemic
The effort was initially aimed at reducing the spread of the virus. Scientists discovered that banknotes posed a major risk of spreading coronavirus. Due to the fear of getting infected, the use of banknotes dropped sharply, something that turned out to be a blessing in disguise for digital payments including Bitcoin and other cryptocurrencies. Several shops and healthcare facilities worldwide have been encouraging their clients to use contactless payments, while others no longer accept any paper money or bank coins.

The USA has lost more than 518,363 people due to Covid-19. In the second quarter (Q2) of the Covid-19 plague, the US economy also managed to fall by more than 32.9% rate and the pandemic left millions of Americans unemployed. As per the report by the Commerce Department, the plague initiated the highest economic contraction in modern American history.

The House Budget Committee approved the relief payment plan. The stimulus package includes $1 trillion for families, with direct payments of about $1,400 to all US citizens. The relief plan also includes about $415 billion to combat coronavirus and around $440 billion for small and medium enterprises (SMEs). Biden is working hard to take the country's GDP back to pre-pandemic levels.

Does the new bill stipulate the creation of a digital dollar?
During the Trump administration, the house of representatives proposed two bills to allow the Federal Reserve System, the USA's central banking system,  to adopt a digital dollar system as well as empowering personal income, especially in this pandemic time. The Federal Reserve is facing widespread disruption to payment services including a network that banking institutions and businesses use to store their money, and it is thinking of digital currency as a remedy.

Recently, Chairman Jerome Powell told Congress that the Fed is looking with a keen eye at issuing a digital dollar. This gives a clear signal that Joe Biden's presidency will influence the plans on launching CBDCs (digital dollars). Therefore, if the digital dollar is issued in time, it would be a big addition in the fight against the pandemic, solving snags in the payment services, and boosting the economy. It will help save the lives of a big populace in the country.

Will Joe Biden Launch a Digital Dollar to Make Relief Payments?
https://cryptonews.net/477017/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

163
Bitcoin More Popular than Gold
Per a report by Melbourne-based digital currency exchange BTC Markets, bitcoin is more popular than gold Down Under. The report based its findings on a survey of about 2,000 investors in Australia, finding that close to 12.6 percent of them held cryptocurrencies compared to 12.1 percent holding shiny metal.

As reported by Motley Fool, close to one in three crypto investors have made their first investment since March 2020 when the global stock markets crashed courtesy of the COVID-19 pandemic.

Interestingly, almost a quarter of those surveyed stated they plan to hold their investments for more than three years.

Another notable finding, according to BTC Markets CEO Caroline Bowler, was that while a year ago the majority of crypto investors tended to be men aged 24-45, today, the investor pool includes more retirees, high-net-worth individuals, and institutional investors.

In terms of their economic background, close to a quarter of investors holding cryptocurrencies earn more than $79,000 a year.

Australia and Crypto Adoption
Australia is among the front-running nations in terms of the pace of crypto adoption and formulating conducive regulations for the emerging asset class and medium of payment.

As reported by BTCManager in June 2020, digital asset company Centrapay had partnered with Coca-Cola Amatil to enable Australians to purchase soft drinks from vending machines through cryptocurrencies.

In the same month, BTCManager reported how an alliance between crypto exchange Bitcoin.com.au and the Australian Post enabled Australians to buy BTC at more than 3,500 post offices across Australia.

Now, the latest findings by the BTC Markets survey sit in stark contrast to the findings of a similar survey conducted by the Reserve Bank of Australia last year which found that fewer than 1 percent of Australians paid for consumer goods with cryptocurrencies.

That’s not all, as Australia has also been dabbling with central bank digital currencies (CBDCs) to keep up with neighboring Asian countries such as China, South Korea, and Japan.

BTCManager reported in November 2020 that the Reserve Bank of Australia had joined forces with ConsenSys Software and other financial institutions to launch a research project on wholesale CBDC.

Australia: Bitcoin Overtakes Gold in terms of Popularity, Survey Finds
https://cryptonews.net/476318/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

164
Three Arrows Capital CEO Says Bitcoin Could Hit $2,500,000 in Supercycle Top – Here’s Why
Su Zhu, the co-founder and CEO of fund management firm Three Arrows Capital, is revealing an astronomical price prediction for the largest cryptocurrency by market cap.

In a new interview with UpOnly, Su Zhu compares Bitcoin to gold, asserting that gold is likely undervalued and that in the long run, Bitcoin is primed to take over a large portion of the precious metal’s market share.

“I mean, I think there’s an argument that gold itself is very undervalued. If it was the dominant store of value cause this thing was at like $1,700 years ago… and let’s say gold should have 5X’d if there wasn’t Bitcoin, then really we’re looking at a $50 trillion market cap.

So then you’re already halfway there to $100 trillion and that will get you to $2.5 million per BTC and I think that that is definitely possible.”

The CEO says he expects BTC to jump up in sudden price surges along the way and, due in part to institutional investors, simply refuse to return back down to previous levels.

Eventually, says Zhu, the asset will likely look like gold does now – relatively stable.

“I think that at the top of it, it will behave like how gold is now, so low volatility-ish. And I think the way that people should think about how that process will go is that it will be [in] bursts, right. Where the markets look linear in like the short term – it’s always up $1,000, down $1,000 and then you get these bursts. And you get these big repricings and people can never buy again [at the same price].”

As for what Zhu believes will come of the meme crypto asset Dogecoin (DOGE), a project that has caught the eye of Tesla CEO Elon Musk, the Three Arrows co-founder says that it could have a significant amount of upward potential with Musk’s support.

“Elon [Musk is] shilling DOGE a lot and he must have a plan for it. So it’s tough to say. It can go up high.”

Three Arrows Capital CEO Says Bitcoin Could Hit $2,500,000 in Supercycle Top – Here’s Why
https://cryptonews.net/476636/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

165
Bitcoin price failed to settle above the $50,000 pivot zone against the US Dollar. BTC is now showing bearish signs and it seems like it could even decline below the $45,000 support.

Bitcoin started a fresh decline after it failed to clear the $51,500 and $52,000 resistance levels.
The price is now trading well below the $50,000 level and the 100 hourly simple moving average.
There was a break below a key bullish trend line with support at $49,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could move down further towards $45,000 or even $42,000 if it remains in the red zone.

TA: Why Bitcoin Price Is At Risk of A Drop Below $45,000
https://cryptonews.net/476693/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

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