Month: January 2022

Hereโ€™s how traders capitalize on crypto market crashes and liquidations

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The first week of the new year saw a vicious pullback across all cryptocurrencies in the market. Ether (ETH) price dropped from its November peak at $4,800 peak to under $3,000 on Jan. 8 and Terraโ€™s LUNA governance token also dropped from $85 on Dec. 31 to $67 on Jan. 8, 2022.ย  These unexpected dramatic moves often cause liquidation cascades in the lending market, but they also create unique buying opportunities in the collateral liquidation markets. Kujiraโ€™s Orca protocol is a platform built on the Terra network and it allows…

Polygon to Delegate $189M Worth of MATIC to Bitfinex for Staking

Cryptocurrency exchange Bitfinex said it will receive $189 million worth of Polygon’s MATIC tokens to sponsor enhanced staking rewards for users. According to a blog post, Bitfinex will receive 90 million MATIC for the new staking program. Polygon is a “layer 2” scaling tool for the Ethereum blockchain, designed to speed up and reduce the cost of transactions. At press time, MATIC was trading at around $2.07, down 1.1% over the past 24 hours. The token’s price has slid 13% in the last seven days. Crypto staking is a process…

Ethereum Fees Drop 35% Since Last Week, Average ETH Gas Fee Still Above $30 per Transfer โ€“ Altcoins Bitcoin News

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According to statistics, Ethereum network transaction fees have dropped 35% from the transfer fees recorded seven days ago. At the time of writing, the average fee to transact with ethereum is 0.0099 ether or $30.85 to $33.04 per transfer. The cheapest Layer two (L2) method to transfer ether on Wednesday is $0.25 per transaction using Polygon Hermez. Itโ€™s Cheaper to Move Ethereum Today, Network Still Has Higher Transfer Fees Than Most Blockchain Networks While data transfer fees on the Ethereum network have slid 35% in the past week, fees are…

Grayscale Bitcoin Trust Discount Hits Record Low at 26.5%

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Crypto.com breach may be worth up to $33M, suggests onchain analyst

Onchain analyst claims that Crypto.comโ€™s loss in the latest security breach might have been worth more than the reported $15 million. Pseudonymous ErgoBTC, an on-chain analyst at Bitcoin (BTC) research firm OXT Research, claims that the Crypto.com security breach that was said to have resulted in the loss of 4.6K ETH ($15 million), may be worth up to $33 million. Adding another 444 BTC to the previously reported 4.6k ETH from yesterdayโ€™s @cryptocom hack. Still no acknowledgement of loss, despite large outflows from the custodial wallet into ETHโ€™s Tornado Cash…

How Bitcoin Could Strengthen From A 10% Correction In The Stock Market

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The party across global market might be coming to an end with Bitcoin positioned to be one of the assets with the potential to come on top. The shift in the U.S. Federal Reserve monetary policy will ripple across the stock market as interest rates spike and they reverse their asset purchase program. Related Reading | TA: Bitcoin Reaches Key Juncture, Why Recovery Wonโ€™t Be Easy At least, thatโ€™s how Mike McGlone, Senior Commodity Strategist for Bloomberg Intelligence views it. In a recent interview with Scott Melkerโ€™s โ€œThe Wolf Of…

What It Takes to Be a Content Creator

Each influencer has to present their own unique qualities in order to present fresh perspectives in the saturated influencer market. Chavah, Ya Ya and Samya explain their content niches and preferred platforms. How can influencers remain genuine in an increasingly trend-focused social landscape? Source

SEC Advisory Committee member calls agency to open for public comment on crypto regulation

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Associate law professor and member of the Securities and Exchange Commissionโ€™s Investor Advisory Committee J.W. Verret is calling for the government agency to open for public comment in regards to digital asset regulation. In a petition addressed to SEC Secretary Vanessa Countryman, Verret said opening the floor to comments on digital assets could function as a Genesis Block for the SEC to reform its regulations on digital assets. Verret said he was a holder of Bitcoin (BTC), Ether (ETH), and โ€œa number of layer 1 and layer 2 tokens readily…

ETHEREUM 2022 PRICE PREDICTION ๐Ÿš€

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Today I will give my full and detailed view on Ethereum and why I believe that 2022 will be the year for Ethereum! What could we expect? Why am I so bullish? Find out in this video. ———————————————————————————————————————– โญ 24 days of #500KCMGIVEAWAY! โญ How to be eligible? – Fill the Google form (only once) โžก๏ธ โฌ…๏ธ – Follow @CryptoMichNL and @eight_global on Twitter How to enter? Starting from the 1st to the 24th of December, this account @CryptoMichNL will announce the…