Day: August 19, 2022

Bitcoin Miners Take in Bear Rally Profits by Selling More Than 6,000 BTC Since August 1 โ€“ Bitcoin News

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Bitcoinโ€™s value against the U.S. dollar lost 7.3% during the last 24 hours after more than $600 million in value was removed from the $1.07 trillion crypto economy. Statistics show that a number of bitcoin miners capitulated over the last two weeks, selling 5,925 bitcoin worth millions, according to cryptoquant.com data. More Than 6,100 Bitcoin Sold Since the First of the Month, Following a Brief Miner Capitulation Pause Bitcoinโ€™s U.S. dollar value slid from $23,593 per unit to $21,268 per coin at 8:30 a.m. (EST) on Friday morning. More than…

COMMENT DEVENIR MILLIONNAIRE GRร‚CE ร€ LA BLOCKCHAIN

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Ethereum Sends Red Signals, Should You Worry About The Long Term?

The crypto market is experiencing a correction with Bitcoin and Ethereum giving back their gains from previous weeks. The general sentiment in the sector was optimistic but could take a blow if main cryptocurrencies lose their current levels. At the time of writing, Ethereum (ETH) trades at $1,690 with a 10% loss in the last 24 hours and 7 days, respectively. The cryptocurrency has preserved a critical support zone at $1,700 that was turned from major resistance into support. ETHโ€™s price moving sideways on the 4-hour chart. Source: ETHUSDT Tradingview…

Crypto Unicorns founder says P2E gaming is in a long โ€˜maturation phaseโ€™

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As the hype surrounding play-to-earn (P2E) games and platforms began to dwindle in early 2022, Web3 participants began to emphasize the need for games to be more โ€œfunโ€ and less finance-oriented. In the most recent episode of NFT Steez, Alyssa Expรณsito and Ray Salmond spoke with Aron Beireschmitt, the CEO of Laguna games and founder of Crypto Unicorns, about the sustainability of P2E-focused blockchain games.ย  For Beireschmitt, the evolution from a play-to-earn to a play-and-earn model suggests that there is still experimentation and maturation to be seen for these games.…

Celsius Network coin report shows a balance gap of $2.85 billion: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights โ€” a newsletter crafted to bring you significant developments over the last week. This past week, Celsiusโ€™s financial troubles mounted further as a new coin report showed the company had a balance gap of $2.85 billion, more than double what it had shown in the bankruptcy filing. Aave (AAVE) called upon community members to commit to the Ethereum proof-of-stake (PoS) Merge. Coinbase CEO said the exchange would rather wind down its staking services than implement on-chain censorship…

Canadian Bank Regulator Details Crypto Liquidity, Backing Rules

“The scope of this advisory is limited to the capital and liquidity treatment of a FRFIโ€™s exposures to crypto assets. The advisory does not address other issues, including whether a FRFI is permitted under the Bank Act, Insurance Companies Act or Trust and Loan Companies Act to issue any particular crypto asset, or to acquire or hold a controlling or substantial investment in entities that engage in this activity,” the guidance said. “This advisory sets out OSFIโ€™s expectations as to when FRFIs should notify their lead supervisor if they intend…

Many Bored Ape NFTs Are in Danger of Getting Liquidated as Borrowed Money Comes Back to Bite

Some of the issue lies in the mechanics of NFT trading, where floor prices will adjust as ETHโ€™s price fluctuates against the U.S. dollar. Despite ETHโ€™s climb from $1,000 to nearly $2,000 in the past month, lending services like BendDAO remain denominated in their originally lended token, causing some Bored Apes to be liquidated at higher dollar prices than they were purchased for. Source

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Two Under-the-Radar Altcoins Kick Off Trading on Digital Assets Exchange Crypto.com

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Singapore-based digital assets exchange Crypto.com is continuing its listing spree and adding support for two more low-cap altcoins. Earlier this week, the exchange listed HIGH, the native asset of open-world metaverse game Highstreet. The game offers virtual real estate and an online shop, and can be played via virtual reality on standard computers as well as on smartphones. HIGH is trading for $1.82 at time of writing and is down nearly 2% in the past day and nearly 9% in the past week, according to CoinGecko. The crypto asset is…