Day: March 4, 2022

Bitcoin Leverage Ratio Remains High Despite Recent Drop

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On-chain data shows the Bitcoin leverage ratio has continued to stay at high values despite the recent decline in the crypto’s price. Bitcoin Leverage Ratio Hasn’t Budged Much In Response To Price Plunge As pointed out by an analyst in a CryptoQuant post, the BTC leverage ratio has remained at high values recently, despite the price declining to $41k. The “estimated leverage ratio” is an indicator that’s calculated by dividing the open interest with the exchange reserve. In simpler terms, what this metric tells us about is how much leverage…

Cardano Whales Hoard?, What Could Save ADA From Further Losses

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Cardano investors have been heavily impacted by current market conditions with ADA losing its spot in the top 5 crypto by market cap. After an impressive rally during 2021, this cryptocurrency has lost critical zones and could return to previous lows. Related Reading | Cardano (ADA) Ready For Rally Towards $1.50? What Indicators Are Saying At the time of writing, ADA’s price trades at $0.87 with a 2.3% loss in the last 24 hours. In higher timeframes, Cardano records a 19.5% and 28.1% loss for the past 30 days and…

Attacker Hacks Arbitrum’s Treasure DAO for Over 100 NFTs by Leveraging Marketplace Exploit – Bitcoin News

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A non-fungible token market platform built on top of Arbitrum called Treasure DAO was hacked on March 3 at 7:33 a.m. (EST), according to a post mortem analysis authored by the security-focused firm Certik. The company’s report notes that “over 100 NFTs were stolen in the attack,” as the attacker leveraged a vulnerability in the marketplace’s “buyer buy item” function. Post Mortem Analysis by Certik Shows Arbitrum NFT Trading Platform Treasure DAO Exploited for More Than 100 NFTs The leading Arbitrum NFT marketplace Treasure DAO was attacked on Thursday after…

Russian national will use sales of her burning passport NFT to support Ukraine

Olive Allen, a Russian national and artist who has lived in the United States for more than 11 years, has burned her mother country’s passport in the hopes of raising awareness and funds related to the military conflict in Ukraine.  Speaking to Cryptox on Friday, Allen described herself as “a child of new Russia” and said the country would always be a part of her identity, but she had chosen to cut ties with it based on its recent actions in the Ukraine. Standing in front of the Consulate General…

Ukraine Fundraisers Bring Out the Best, and Worst, in Crypto

On Wednesday, Ukraine’s crypto fundraising effort announced that it would be conducting an airdrop to those who had made donations. (An airdrop is an unsolicited distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses.) There were few details of what crypto might be dropped, but a reasonable guess would have been some sort of “thank you” token with little explicit monetary value. Source

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Uniswap builds token-swap feature for Ukraine, LUNA surpasses Ether, and more

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The crypto community has emerged as one of the leading aid providers for Ukrainians, as crypto donations surged over $50 million. This week, many in the decentralized finance, or DeFi, community have come forward to donate and make it simpler for other people to donate to Ukraine.  LUNA continued its price dominance with another double-digit surge over the past week and also flipped Ether to become the most staked altcoin. 1Inch launched a new secure peer-to-peer, or P2P, swap that the firm claimed could open the gates to several new…

ANC Captures Friday’s Largest Gains, as WAVES up Nearly 100% in the Last Week – Market Updates Bitcoin News

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Anchor protocol and WAVES were some of Friday’s biggest gainers, as crypto markets mainly traded lower at the end of the week. At the time of writing, the global cryptocurrency market cap has dropped over 4%, with GALA and MKR, the day’s biggest decliners. WAVES WAVES extended its recent streak on Friday, as the world’s 47th largest cryptocurrency rose for a sixth consecutive session. Today’s rally in WAVES/USD came as prices rose to their highest level since December 17, breaking beyond resistance of $19.72. The price of WAVES rose to…

The Rise of NFT Artist Emily Yang

“I’ve been drawing ever since I was really young,” Yang said. “I like to constantly take in information, whether it’s the commercials, movies, music, videos, TV shows, anime.” But with Asian parents, there was a part of her life where she had to “forget about” the artsy part of herself. Source

If Ever There Were a Time for Financial Freedom, It’s Now

My own support for it, by the way, does not stem from “some philosophy of libertarianism or whatever.” It is grounded in the practical reality that – to quote the pseudonymous Web 3 thought leader 6529: “There are no other constitutional rights in substance without freedom to transact.” The idea: It’s all very well for governments to profess support for free speech, but if they prevent citizens from obtaining or sending funds to pay for, say, a computer or for internet access, they effectively deny them that right. Source