Day: August 2, 2022

How Summer Is Turning Into A Short-Lived Altcoin Season

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Ethereum Classic (ETC), Filecoin (FIL), and Lido DAO (LIDO) have been dominating the altcoin sector as they outperform Bitcoin and other large cryptocurrencies. The first crypto by market cap has been recording its best month in 2022 but is still far from the monthly average return from these tokens. According to Arcane Research, altcoins have seen an average of 40% performance over the past month as the crypto market experienced a “classic relief rally”. July has been a historical green month for digital assets. During this period, the nascent asset…

Ethereum Developers Address Potential Glitch Ahead of the Merge

Other developers also suggested that a third-party dashboard could watch over the relays. The Flashbots team, the developers behind MEV-boost, are already working to create some kind of public monitoring system for MEV-activity. Ben Edgington, the lead product owner for Teku at ConsenSys, who is involved in the Merge development, told CoinDesk that there are several options for achieving the right solution for the MEV-boost issue. “It’s just a question of choosing a good approach,” he said. Source

SIX Swiss Exchange Sees 2-Month Fall as Turnover Slumps to CHF 77.2B

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SIX Swiss Exchange, Europe’s third-largest stock exchange and top post-trade service provider, recorded a two-month decline in its trading turnover in July. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. In July, total trading turnover came in at CHF 77.2 billion, a -21% decrease from the CHF 97.8 billion generated in June. The exchange also recorded 4,124,210 trades last month, a -16.2% month-on-month (MoM) decline. SIX Swiss Exchange disclosed these on Tuesday…

The Smart Contract Platform Sector Explained

While there are 80 digital assets inside the Smart Contract Platform sector, the sector is highly concentrated with ETH1 representing more than half the sector, and the top 10 assets representing 90.6% of the sector. Within the Single Chain industry, significant assets beyond ETH include ADA and SOL2, each with its own blockchain and dapp ecosystem. DOT3, a layer zero relay chain that serves as a hub for other parachains, and AVAX4, the primary network for a series of subnetworks, are other key assets in the sector included in the…

Matic Price Faces Resistance To Break Above The $1 mark?

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Despite showing great recovery signs from a low of $0.33 with over 80% gains in weeks, Matic price faces strong resistance at $1. July has been good for most crypto projects, with the price of Matic surging to over 80% gains in just one month, although Matic price faces steep resistance at the $1 mark. Matic Weekly Chart Analysis The price of Matic moved from the low of $0.33 to a high of $1 before seeing a rejection to a region of $0.80. Matic saw a relief bounce when it…

Bitcoin Wavers in Narrow Range as Cryptos Trade Weaker

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On a technical basis, bitcoin breached its 10-day exponential moving average (EMA), indicating short-term weakness. The 10-day EMA is a moving average of the most recent 10 days of bitcoin prices. A movement in price below an asset’s EMA can be interpreted as a bearish signal. Worth noting, however, is the downward moves have come on below average volume. Moves in either direction on low volume are often interpreted as showing a lack of conviction in the direction of the move. Original

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Bitpay Adds APE and EUROC Support — Luxury Retail Giant Gucci Accepts Apecoin Payments – Bitcoin News

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On August 2, the Atlanta-based crypto payment services provider Bitpay announced that it has expanded its crypto asset support with two different crypto assets. Bitpay revealed the company has integrated apecoin and euro coin into the firm’s platform and the luxury retailer and designer Gucci has announced it will be the first merchant to accept apecoin through Bitpay. APE and EUROC Now Supported by Bitpay’s Payments Platform, Gucci Becomes the First Merchant to Accept APE via Bitpay’s Services Bitpay has added two new crypto assets to the company’s payment platform…