Day: September 23, 2021

Bears aim to pin Bitcoin price below $46K leading into Friday’s $3B BTC options expiry

This week’s combination of bearish factors was enough to bring Bitcoin (BTC) price down to its lowest levels in 46 days, and this nearly obliterated 86% of the $2 billion September call (buy) options that expire on Sept.24. There’s still room for some surprises, especially considering the deadline is 8:00 UTC on Sept. 24. However, the incentives for the bears seem small because the sub-$40,000 test on Sept. 21 caused less than $250 million in futures contracts liquidations. On Sept. 22, Evergrande Group eased some default fears after it confirmed…

Bears Lose Hold On Market As Bitcoin Breaks $44,000, Crypto Market Tops Up $200 Billion

Bitcoin has once again recovered from what looked to be the beginnings of another bear market. The crashes had left the price of the digital asset struggling in the market, putting the bears ahead. With the recent rebound above $44,000, the bulls have obviously wasted no time in taking back control of the market. Wednesday’s fall below $40,000 now looks to be nothing but a blip on the radar. Fear & Greed Index Breaks Out Of Extreme Fear The beginning of the week has seen bitcoin suffer an onslaught of…

Twitter to Add Bitcoin Lightning Tips, NFT Authentication — CoinDesk

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ShapeShift issues second token airdrop following decentralization pledge

Non-custodial cryptocurrency exchange ShapeShift has completed its second airdrop of FOX tokens — dubbed “fairdrop” — as part of a broad decentralization pledge that was first announced in July.  The airdrop of 6,613,000 FOX tokens was distributed to over 33,000 DAO community members, ShapeShift announced Tuesday. These holders were previously ineligible for the airdrop reward because their tokens were locked in staking or liquidity operations. A proposal to amend the token distribution process to include DAO community members was submitted on Sept. 16, receiving overwhelming support.  As Cointelegraph reported, ShapeShift…

Netflix to release documentary about QuadrigaCX CEO’s mysterious life and death

Online streaming platform and production company Netflix will be producing a film on deceased crypto exchange QuadrigaCX founder Gerald Cotten. In a Thursday tweet from Netflix, the platform announced that the documentary Trust No One: The Hunt for the Crypto King will premiere in 2022. The story, which follows “a group of investors turned sleuths,” will focus on the events around the death of Cotten, who reportedly died while doing volunteer work at an orphanage in India, leaving QuadrigaCX users out of pocket for roughly $190 million in crypto. Details are sparse regarding…

Staking on Ethereum 2.0, explained

While Ethereum 2.0 staking allows validators to be compensated for securing the network, ‘Ethereum 2.0 Staking Earn’ is its own product, providing users rewards from several DeFi products. On Ethereum 2.0, the PoS-powered blockchain will bundle 32 blocks of transactions during each validation round. Each block bundle is known as an epoch, which are finalized transactions. During the validation process, also known as “attesting,” the Beacon Chain assigns groups of stakers into “committees” of 128, who are then given a shard block. A base reward will determine the issuing rate…

THIS ELROND (EGLD) SETUP IS MASSIVE!!! Cryptocurrency News & Analysis 2021

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The Elrond (EGLD) setup is MASSIVE!!! We’re looking at some very bullish continuation coming off of a huge chart setup which was predicted in the last video from analysis on Elrond (EGLD). Link below! Let’s do some Elrond (EGLD) analysis and check out what some price predictions are for this explosive cryptocurrency! There’s plenty of good news for Elrond (EGLD) that is allowing the price predictions and analysis for 2021 to still look so good and bullish. What are your thoughts on…

Why Civic Is Building DeFi Identity Tools on Solana

Identity verification is coming to Solana-based decentralized finance (DeFi), courtesy of Civic Technologies. Solrise Finance, a decentralized fund management and investing platform that uses the Solana blockchain, has partnered with Civic to create a decentralized exchange (DEX) with permissioned access based on digital identity verification, the companies announced Thursday. Solrise DEX Pro, as it’s called, is built on Serum, a Solana-based DEX with a traditional order book experience. Serum was built by FTX, the cryptocurrency exchange helmed by Sam Bankman-Fried, whose Alameda Research is among the market-making firms on the…