Day: December 6, 2021

Examining A Rare Bull Market Corrective Pattern

Bitcoin price in a flash found itself below $50,000, only weeks after the top cryptocurrency set a higher high. End of year price targets for $100,000 or much higher are now no longer within striking distance, thanks to a rare bull market corrective pattern that few saw coming. But although Bitcoin has fallen “flat” on its back, it could be the last time the cryptocurrency does so before the conclusion of the bull market cycle. The Shocking Correction Crypto Die-Hards Didn’t See Coming Ask most investors in Bitcoin what their…

Market Wrap: Cryptocurrency Sell-Off Pauses as Sentiment Turns Bearish

Cryptocurrencies were mostly lower on Monday, although market conditions have stabilized following the weekend sell-off. Bitcoin was trading above its 200-day moving average (currently at $46,386), which suggests selling pressure could wane over the short term. Analysts pointed out that excess leverage in the bitcoin futures market contributed to the broad sell-off. And despite room for a short-term price bounce, some analysts remain cautious about bitcoin’s price direction over the next few weeks. “The previous two times that BTC challenged the 200-day moving average served as good buying opportunities, as…

Japan’s financial regulators may propose legislation in 2022 restricting stablecoin issuance

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According to The Nihon Keizai Shimbun (Nikkei), one of the world’s largest financial newspapers and the entity behind the Nikkei 225 stock index, Japan’s Financial Services Agency, or FSA, will propose legislation next year restricting stablecoin issuance to only bank and wire transfer companies. Theoretically, this would prevent entities such as Tether (USDT), which does not operate as a bank and is only regulated in the British Virgin Islands, from conducting business with Japanese customers. However, the new proposed rules would only affect some stablecoin issuers. For example, USD Coin…

Bitcoin se estabiliza cerca del soporte de $50.000 tras la caída del fin de semana

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Bitcoin (BTC) se estabiliza por encima de su media variable de los últimos 200 días, actualmente en $46.000, tras una caída de casi 20% durante el fin de semana. La criptomoneda cotizaba en torno a los $49.000 al momento de esta publicación y se ha mantenido prácticamente estable durante las últimas 24 horas, con una caída de alrededor de 15% durante la última semana. El índice de fuerza relativa (RSI, por sus siglas en inglés) en el gráfico diario es el más sobrevendido desde julio, el cual precedió precedió a…

Wrapped Bitcoin’s Supply Has More Than Doubled, but BadgerDAO Hack Exposed Risks of Moving Bitcoin to Ethereum

“It turns out that it’s currently easier to borrow and lend with WBTC than BTC since users can interact with DeFi lending protocols like Compound, Aave and Maker to lend their WBTC and borrow USDC, dai, or other assets against it,” Joe Keefer, a trader at Grapefruit Trading, one of the biggest WBTC merchants, told CryptoX on Telegram. “There are also many opportunities to use WBTC directly in yield farming.” CryptoX Portal

Coinbase Says Crypto Exchange Aims for Cloud Division To Be Blockchain’s Version of Amazon Web Services: Report

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Crypto exchange Coinbase reportedly wants to make its infrastructure product, Coinbase Cloud, the Amazon Web Services (AWS) of blockchain.  AWS, which provides on-demand cloud computing services and application programming interface (API) to individuals, businesses and governments on a metered pay-as-you-go basis, is the most profitable arm of Amazon.  Forbes reports that AWS brought in $13.5 billion in annual operating profits from a revenue base of $45.3 billion in 2020 or 63% of the e-commerce giant’s total.  Coinbase Cloud provides infrastructure and tools for products and services in the crypto space and…

COINBASE HACKED!! | I Lost EVERYTHING In Crypto

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io COINBASE HACKED!! | I Lost EVERYTHING In Crypto In this video, I share my experience how I had my crypto stolen unexpectedly. My Coinbase Account Was … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Coinbase launches open-source cryptography library Kryptology

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On Monday, Coinbase, the fourth-largest cryptocurrency exchange globally by trading volume, announced the creation of a novel cryptographic library, Kryptology, as a compendium of tools for blockchain developers. These include secure, audited and easy-to-use APIs as well as a repository of common issues and lessons learned throughout the history of crypto. Without cryptography, cryptocurrencies such as Bitcoin would be digital lines of code that anyone can copy/paste. It would be easily replicable and falsifiable, leading to significant issues such as currency double-spending. Recent advancements include Boneh–Lynn–Shacham, or BLS, signatures, which…

Virtual Metaverse Plots Outpace Top NFT Collection Sales, Play-to-Earn Tokens Surged in Value This Year – Markets and Prices Bitcoin News

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During the last seven days, virtual lands sold in the metaverse have outpaced a great number of non-fungible token (NFT) sales. Moreover, metaverse native crypto tokens like axie infinity, sandbox and decentraland and play-to-earn digital assets in general have jumped significantly in value this year. Metaverse Properties Outpace NFT Collections — Play-to-Earn Tokens Rise Following the meme-crypto hype, the decentralized finance (defi) trend, and the non-fungible token (NFT) craze, the metaverse has become a big deal. Essentially, a metaverse is a different version of the internet that supports virtual environments,…

Japan Moves to Impose New Regulations on Stablecoin Issuers: Report

CryptoX – Cryptocurrency Analysis and News Portal According to the report, the legislation will also include steps to prevent money laundering via stablecoins by giving the agency additional oversight over intermediaries such as wallet providers, and also adding additional know-your-customer (KYC) measures. Original Source The post Japan Moves to Impose New Regulations on Stablecoin Issuers: Report appeared first on CryptoX. CryptoX Portal