Day: December 30, 2022

Polygon (MATIC) Depicts Further Downtrend Next Support Level

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The Polygon (MATIC) price has been on a downward spiral for the last couple of weeks. Over the last 24 hours, MATIC lost 4% of its value. The altcoin has also lost about 6% in the last week. Earlier in November, MATIC touched the $1.20 price mark and plunged significantly. Since the coin plummeted in November, the Polygon price has noted a freefall in its value. Going by the technical outlook on the daily chart, buyers are nowhere to be found. It will be difficult for MATIC to sustain itself…

Ethereum founder says he hopes Solana gets a ‘chance to thrive’

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Ethereum founder Vitalik Buterin showed sympathy for competitor Solana (SOL) in a Dec. 30 tweet. He said that “smart people” tell him that Solana has “an earnest smart developer community,” and suggested that the opportunists who were involved with the project in the past have been “washed out.” Buterin also expressed hope that the Solana community “gets its fair chance to thrive.” Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain…

‘Ethereum Killers’ Managed to ‘Kill’ Themselves in 2022 Rather Than Beat the Smart Contract Economy’s Heavyweight Champ – Altcoins Bitcoin News

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At the end of 2021, a myriad of people thought a handful of smart contract platform tokens, often referred to as ‘Ethereum killers,’ would flip the second-largest crypto asset in terms of market capitalization in 2022. As 2022 comes to an end, statistics show that none of the so-called ‘Ethereum killers’ have surpassed the leading smart contract platform token, and a number of these tokens have lost considerable amounts of value during the crypto winter. Ethereum Outperformed Its Competitors in terms of Market Cap, Decentralized Finance Action, and Non-Fungible Token…

DeFi sees exploits and exit scam drama in the last week of 2022: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. For DeFi, the last week of 2022 saw another slew of exploits, insider job accusations and exit scam drama. It all started on Christmas, when Defrost Finance, a decentralized leveraged trading platform on the Avalanche blockchain, was exploited by a DeFi flash loan attack causing $12 million in losses. However, the hacker behind the attacks reportedly returned a portion of the funds the next…

BITCOIN e CRYPTO Volatilità in vista 🧨 CryptoMonday NEWS w50/’22

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CryptoMonday: Bitcoin, Crypto Mercato e News. Preorder del nuovo Ledger Stax 👉 Hai bisogno di supporto nel mondo Crypto? 👉 – Indice e Riferimenti: ► 00:00 – Intro e Analisi di Mercato ► 01:25 – Finestre Temporali ► 02:45 – Analisi Tecnica ► 05:21 – CPI e Inflazione ► 06:51 – 5 cose da osservare ► 19:08 – Saga FTX ► 20:58 – Banche pronte a comprare ► 22:08 – Celsius updates ► 23:50 – PoRs ► 27:44 – Ledger Stax ►…

Bitcoin Miners Got Crushed by Crypto Winter. 2023 May Bring More Pain

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As margins continue to compress, miners will have to look at how they can participate in “demand response programs,” meaning selling power back to the grid in times of high demand, as well as recapturing heat from mining rigs and using stranded energy, Bulovic said. “Miners who have a real grasp on the processes, policies, regulations and technical know-how of these adjacent industries will gain an edge over the other miners,” he said. Original

What 2023 May Bring for Crypto Regulations

That being said, it’s hard to say this year was anything but a black mark for the industry in the eyes of regulators. The collapse of Terra/Luna, the bankruptcies of basically the entire crypto lender sector (minus Nexo, which still ended up leaving the U.S.), the meltdown of FTX (the largest exchange failure in years) – these are all events that will pressure regulators worldwide. The Facebook (now Meta)-led Libra (later Diem) project and the global backlash to it tells us how regulators may respond as well. It may not…

Enhance the AI-powered crypto trading bot to become a pro trader

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A bot is simply an automated program that operates on the Internet and performs repetitive tasks faster than humans. According to some estimates, bots interact with web page users, scan for content, and perform other tasks, accounting for more than half of all internet traffic. Crypto trading bot development follows the same principle and works based on predefined parameters. There will be no missed opportunities. Whether you want to invest in cryptocurrencies or add new coins, you can use the trading bots to buy, sell, or hold assets in a…

Web3 Is Being Used to Preserve History Threatened by Wars

The Black History DAO, which is curated by members of its community, seeks to address the problem of preserving ancient African text, a similar problem literary critic Henry Louis Gates Jr. tried to address years ago, Kennedy said. That project fell short of preserving the Timbuktu manuscripts, after Islamist rebels took control in 2013 and destroyed many of documents. Some, however, were saved and now live online. Source

BlackRock Gives Bankrupt Bitcoin Miner Core Scientific a New $17M Loan

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BlackRock, which is Core Scientific’s largest shareholder according to FactSet data, already held $37.9 million in secured convertible notes as of Dec. 28. The latest $17 million is part of the new $75 million convertibles notes, which is part of its prearranged bankruptcy process, the filing says. In a prearranged bankruptcy, the debtor reaches some sort of agreement with its debtee before officially filling for bankruptcy. Original