Crypto OGs — slang for Original Gangsters — have acquired almost a mythical and godly reputation in an industry populated with libertarians, anti-government rebels, innovators, get-rich-quick scammers, hackers and degen investors with rampant gambling addictions and toxic social media behavior. Who are these OGs exactly? Unlike the rich and powerful in the traditional finance and conventional tech sector, crypto OGs are often protected by a layer of decentralized anonymity in a particularly wild corner of cyberspace. Who deserves this mythical label? The year they got into crypto? Their current net…
Day: September 8, 2022
Bitcoin Fundamentals Grow Despite Market Downturn – Blockchain News, Opinion, TV and Jobs
By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin reclaimed $19,000 last night, as a key technical indicator suggests we may have some upside in the coming days. The RSI (Relative Strength Index) is showing a bullish divergence on the daily time frame, as shown below. This occurs when price makes a lower low and RSI indicator makes a higher high, which typically results in a future bullish trend. The macroeconomic environment continues to cause fear for investors, as the European energy crisis dominates headlines. Germany’s sanctions against…
3 Senior Executives Jump From Crypto Lender BlockFi: Sources
BlockFi, which was caught up in a cascade of failing crypto companies earlier this year, escaped bankruptcy court, where crypto lender Celsius Network and crypto broker Voyager Digital have ended up – but at the cost of agreeing to hard-nosed acquisition terms set out by Bankman-Fried. Source
ETH Rebounds on Thursday, Less Than a Week Before ‘The Merge’ – Market Updates Bitcoin News
Ethereum was back in the green on Thursday, as bulls returned to action following yesterday’s sell-off. The token rose by over 8% in today’s session, as prices once again climbed above the $1,600 level. Bitcoin also rebounded in today’s session, moving back above $19,000. Overall, crypto markets are trading 4.39% higher as of writing. Bitcoin After slipping to a multi-month low on Thursday, bitcoin (BTC) rebounded in today’s session, as prices rose back above $19,000. BTC/USD rallied to an intraday high of $19,427.17 earlier today, which comes less than 24…
Why Crypto Isn't a Tool for Protest in Argentina
The idea that bitcoin can offer a solution to Argentina’s persistent economic and political problems doesn’t accord with reality, says Leah Callon-Butler after a recent visit. Source
Crypto Engineers, Investors Sue US Treasury Over Tornado Cash Sanctions
The Treasury’s sanctions watchdog, OFAC, exceeded its authority in blacklisting smart contract wallets, plaintiffs allege in a new suit. Source
What the Ethereum Merge means for the blockchain’s layer-2 solutions
Ethereum is just over a week away from officially moving to a proof-of-stake (PoS) blockchain with the Merge slated for completion around Sept. 13–15. With the transition, Ethereum would abandon its current proof-of-work (PoW) chain, eliminating miners from the ecosystem. Ethereum is a vast ecosystem with thousands of decentralized applications and decentralized finance protocols working on top of it. Additionally, there are several layer-2 solutions, i.e., solutions built on top of the blockchain itself, the layer 1, to facilitate faster transactions and make Ethereum more scalable. The Merge would mark…
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Crypto Tracer Elliptic Hires SaaS Veteran Jackson Hull as CTO
Elliptic, which licenses crypto transaction tracing tools to governments and corporations, pointed to Hull’s experience building software subscription services. That’s proved to be a lucrative business for tracers helping such clients police on-chain transactions. Source
Will Ethereum keep rallying versus Bitcoin? ETH price technicals hint at 60% gains ahead
Ethereum’s native token Ether (ETH) shows the potential to log major gains versus Bitcoin (BTC) with the ETH/BTC pair nearing yearly highs. Ether paints classic bullish reversal pattern The bullish cues come from a classic technical pattern called the inverse head and shoulders, which develops when the price forms three troughs below a common support level known as neckline. The middle trough, or head, is deeper than the other two, called the shoulders. An inverse head and shoulders setup resolves after the price breaks above the neckline while accompanying an…