Day: August 13, 2022

Ethereum hits 8-month highs in BTC as money heads for ‘riskier’ altcoins

Ether (ETH) is worth more in Bitcoin (BTC) than at any time since the start of the year amid renewed appetite for altcoins. ETH/BTC 1-day candle chart (Binance). Source: TradingView Altcoin market cap returns to $700 billio Data from Cointelegraph Markets Pro and TradingViewย confirms that ETH/BTC has cleared key resistance to pass 0.08 BTC on Aug. 13. The move is impressive for largest altcoin Ethereum, as the area around 0.075 represented a troublesome sell zone which had previously kept bulls in check for since January. At the time of writing,…

While Gains Have Been Slower Than Most Crypto Assets, Meme Coin Economy Swells by 24% โ€“ Bitcoin News

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While a great number of crypto asset values have improved over the last month, meme-based crypto assets have also advanced against the U.S. dollar. 53 days ago on June 21, the top meme coins by market valuation were once worth $14.5 billion and since then, the meme coin economy has grown by 24.82%, tapping $18.1 billion on August 13. Meme Coins Advance Against the US Dollar, Hoge Finance and Baby Doge Lead the Pack Meme-based tokens have seen an increase in value since the crypto economyโ€™s recent downturn. While the…

My GIANT Crypto Investment ($42 Million Back)

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io The biggest investment of my life is coming, this is how I’m preparing. This isn’t financial advice, I am probably drunk, if you invest its 100% your fault and I take zero responsibility for your decisions. โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Youtube version

Ominous Solana technicals hint at SOL price crashing 35% by September

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Solana (SOL) risks a significant price correction in the coming weeks owing to a classic bearish reversal setup. A 35% SOL price correction ahead? On the three-day chart, SOL’s price has been painting a rising wedge, confirmed by two ascending, converging trendlines and falling trading volumes in parallel. Rising wedges typically result in breakdown, resolving after the asset’s price break below the lower trendline. If the price follows the breakdown scenario, it could fall by as much as the maximum distance between the wedge’s upper and lower trendline. SOL is…

Countries where Bitcoin (BTC) is legal

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Typically there are macroeconomic factors that a country is looking to manage through the adoption of a currency as legal tender. In order to make Bitcoin legal tender, these factors should coincide with visionary leadership. Despite that, central banks are getting into digital currencies. There are countries with more fundamental problems that just a digital version of a fiat currency may not solve. For instance, countries like Argentina and Venezuela have suffered from hyperinflation for years and can do with a form of currency that derives value from much beyond…

Institutional Investors Are Increasingly Using Crypto Options Trading to Hedge Their Bets in Bear Market

By comparison, traditional options trading of stocks accounts for 20% of the market cap of the S&P 500 at the Chicago Board Options Exchange (CBOE), EDG said. โ€œWhen you think of all the other [S&P 500]-like products including [exchange-traded funds], SP Minis, etc., you can see that bitcoin options have multifold growth ahead of it,โ€ EDGโ€™s quant developer, Marcin Maksymiuk, told CoinDesk. Source

Biggest Movers:ย MATIC, SOL Move Towards 4-Month Highs on Saturday โ€“ Market Updates Bitcoin News

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Polygon rallied to its highest point in nearly four months on Saturday, as the token climbed to the $1.00 mark to start the weekend. Solana was also trading at a multi-month high, as it rose by over 10% earlier in todayโ€™s session. As of writing, the global crypto market cap is trading nearly 3% higher. Polygon (MATIC) Polygon (MATIC) was a notable gainer on Saturday, as the token rose to its highest point since May. Less than 24 hours after trading at a low of $0.9141, MATIC/USD climbed to a…

Metaverse still not ready for virtual weddings and legal proceedings

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As the global Web3 ecosystem continued to evolve at a staggering pace, so have the various use cases associated with this niche. In a striking new development, a high-ranking Singaporean government minister recently noted that legal marriage proceedings, court case disputes, and government services could one day be conducted using Metaverse platforms. While delivering a keynote address at Singaporeโ€™s TechLaw Fest 2022 late last month, the countryโ€™s second minister for law, Edwin Tong, was quoted as saying that he would not be surprised if, in the future, intimate events such…

Compass Mining Update: Bitcoin Mining Hardware Delayed?

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Today I’m going to give everyone an update on the bitcoin mining equipment I purchased last August from Compass mining. I have a total of 7 Antminer S19JPro’s I’m expecting to come online. Did Compass deliver on time? ๐Ÿ’ฐ Kucoin signup (save 10% on trading fees): ๐Ÿ’ต Sign up with Coinbase and get $10 of Bitcoin: ๐Ÿ’ช Buy a Hardware Crypto Wallet: โœจ Join my Patreon: ๐Ÿ”— Join my free discord: ๐Ÿ’ต Sign up with Crypto.com and get $25 of bitcoin: โ–ถ…

Shiba Inu (SHIB) Buildup At This Price Level Could Be Favorable

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Shiba Inu (SHIB) price hovers above 20 EMA and 50 EMA with the bulls taking control of the pace. Shiba Inu showing an intense bullish trend SHIB trailing above 20 EMA and 50 EMA SHIB retests at the $0.0126 mark; hints at high volatility SHIB has seen a robust buying activity for the past month with the popular dog meme coin seen to be leveling off in the $0.01239 to $0.0126 range.ย  SHIB Soars by 2.38% According to CoinMarketCap, Shiba Inu is soaring by 2.38% and trading at $0.00001259. At…