Day: March 11, 2022

Bitcoin Outflows Spike As 30k BTC Exits Exchanges, Reserve Plunges Down

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Bitcoin outflows have shown a spike amounting to 30k BTC today, leading to a plunge in the all exchanges reserve. Bitcoin Netflow Shows Deep Negative Spike As 30k BTC Exits Exchanges As pointed out by an analyst in a CryptoQuant post, the BTC exchange netflow showed a large negative spike earlier today. The “outflow” is a measure of the total amount of Bitcoin exiting wallets of all exchanges. Similarly, the number of coins being deposited to exchanges is the “inflow.” The difference between the inflow and the outflow is called…

‘Contribute Monthly Savings to Bitcoin and Hold’ – Bitcoin News

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Popular commentator and veteran trader Peter Brandt gave advice to Gen Zers on Thursday and said that they should contribute savings to bitcoin and stocks of solid companies. In the same Twitter thread, Brandt noted that “crypto is still unproven,” but also said that those that know him best, know he’s been “bullish for years.” Peter Brandt’s Advice to the Youth: ‘Avoid Student Debt, Contribute Monthly Savings to Bitcoin’ Peter Brandt has a lot to say on Twitter and he’s not shy about sharing his opinion. Oftentimes, the veteran trader…

❗IMPORTANT BITCOIN MID-LONG TERM ANALYSIS | Part 1❗

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video I have shared my observation for MID-LONG Term for BTC. This is part 1 where we have shared one scenario. Next Part will have other side of this Analysis! Official Telegram and Twitter Profile: Official CPH Telegram Channel : Official Twitter Account : Join Me On Delta Exchange Here – My Trusted Indian Exchange: CoinDCX: Please remember, I will never message you for money or/and will never message you for any trading advice or investment. If anyone contacts you…

Fantom Foundation issues clarification statement about departure of Andre Cronje and Anton Nell

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Recently, media outlet Rekt.news made striking accusations about Fantom Opera, a layer-1 blockchain, after the foundation’s technical adviser Andre Cronje and senior solutions architect Anton Nell announced they were leaving the crypto space entirely. Almost immediately, concerns from the community arose after Nell tweeted, “There are around ~25 apps and services that we are terminating on 03 April 2022.” In the now-deleted Rekt article, it alleged the following: “Fantom, Solidly, SpookySwap, Abracadabra, Geist: multiple projects all entwined into a system designed to extract maximum value for a small set of insiders who…

RUNE Rallies on Friday, With KDA Climbing Over 10% – Market Updates Bitcoin News

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Despite mainly being in the red, there were a few notable big movers in crypto markets on Friday. Initially, STX was one of them, climbing by as much as 36%, before giving up all of these gains. However, RUNE and KDA managed to sustain gains. Thorchain (RUNE) Thorchain (RUNE) rose for the second time in the last three days, as it continues to move towards entering the cryptocurrency top 50. Following a low of $4.82 on Thursday, RUNE/USD rose to an intraday high of $:$6.27 today, which is its highest…

Biden’s Executive Order Draws Mixed Reactions From Global Crypto Community

Meanwhile, India is on the verge of passing a proposal that would levy a 30% tax on any income generated from crypto transactions, and the country has plans to introduce a central bank digital currency (CBDC) or digital rupee by the end of the year.When it comes to regulating crypto, the world is watching carefully what the U.S. is doing, according to Du Jun, co-founder of Huobi, one of the world’s largest crypto exchanges founded in China and now based in the Seychelles. Biden’s executive order is an official acknowledgment…

How Can You Live In Your Own Parallel Universe?

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Supported by extended reality and cryptocurrency technologies, the metaverse is where the physical and digital worlds meet. Unowned and full of potential, it’s not yet clear how the metaverse will evolve. But, one thing is certain: if millions of people are going to be digitally connected, the technologies powering the metaverse have to be scalable – and therein lies the problem. Early generation cryptocurrency architecture isn’t keeping up with increasing scalability demands. This is most evident with Ethereum, which is losing its status as the go-to solution for Metaverse-adjacent spaces…

Haven Protocol (XHV) shows strong signs of bottoming out after crashing 90%

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Haven Protocol (XHV) showed signs of returning to its bullish form as its price doubled in just five days of trading. What’s pumping Haven Protocol? XHV’s price surged by up to 107% week-to-date to climb above $3.60 on March 11, its highest level in more than three months. Interestingly, the move upside followed a period of aggressive selloffs that saw XHV’s value dropping from nearly $20 in November 2021 to as low as $1.60 in early February 2022 — an approximately 90% decline. XHV/USD weekly price chart. Source: TradingView Traders…