Month: January 2023

Why The VIX Could Predict A Bitcoin And Crypto Rally

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Thomas Lee, managing partner and head of research at Fundstrat Global Advisors, outlined in a recent CNBC interview why the VIX – a real-time volatility index from the Chicago Board Options Exchange (CBOE) – will become an important indicator for equity markets and possibly Bitcoin in the coming months. VIX was created to quantify market expectations of volatility for the S&P 500. In doing so, the VIX is future oriented, meaning that it only shows the implied volatility for the next 30 days. The rule of thumb is: if the…

Ethereum Developers Prepare to Deploy Shanghai Public Testnet, Focus on Staked Ether Withdrawals – Technology Bitcoin News

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According to the Jan. 5, 2023 All Core Devs (ACD) meeting, Ethereum developers are preparing to deploy a public testnet for the highly anticipated Shanghai hard fork in February 2023, with the mainnet implementation tentatively scheduled for March. Ethereum’s core developers emphasized that staked withdrawals are a priority and code related to EVM Object Format changes, or EOF, was removed from Shanghai to ensure that the focus remains on staked withdrawals. Staked Withdrawal Priority: Shanghai Public Testnet Deployment Scheduled for February, Hard Fork Tentatively Set for March During the first…

PleasrDAO Launching Live Auctions with Snowden, Ellsberg NFT

As the DAO is shifting to hosting its own sales of these items, Jamis Johnson, Chief Pleasing Officer at PleasrDAO, told CoinDesk that it aims to facilitate sales with on-chain transactions, affording users frictionless participation in the auction. In a press release, they described PleasrHouse as “a new experiment created to disrupt the shared experience of live art auctions,” and will focus on exploring the importance of unique art through interviews and other media. Source

Whale Withdraws $34.7M From Binance

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Data shows a Shiba Inu whale has withdrawn $34.7 million in SHIB from Binance, a sign that could be bullish for the price of the meme coin. Shiba Inu Whale Transfers Out 4,000,000,000,000 SHIB From Binance As per data from the crypto transaction tracker service Whale Alert, a massive Shiba Inu transfer has taken place during the past day. This transaction involved the movement of 4,000,000,000,000 SHIB on the Ethereum blockchain, worth about $34.7 million at the time of the transfer. Since the transaction here is so large, it’s likely…

Crypto City – Cointelegraph Magazine

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Toronto embraced digital assets sooner than most and is home to more crypto projects than anywhere else in Canada. Contents OverviewCrypto culture in TorontoWhere can I spend crypto in Toronto?Crypto projects and companies in TorontoToronto’s crypto controversiesToronto crypto education and communityNotable crypto figures from Toronto Overview The city lies at the center of the so-called Golden Horseshoe, a large urban area around the shore of Lake Erie that 9.76 million people — about a quarter of all Canadians — call home. Consistently rated among the world’s most livable cities, Toronto,…

‘There is no path forward as long as Barry Silbert remains CEO of DCG’

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Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, has penned an open letter to the board of Digital Currency Group, or DCG, saying CEO Barry Silbert was “unfit” to run the company. In a Jan 10. letter, Winklevoss claimed Silbert and Genesis Global Capital — a subsidiary of DCG — had defrauded more than 340,000 users who were a part of Gemini’s Earn program. The letter followed a Jan. 2 appeal on Twitter to Silbert directly, in which the Gemini co-founder said Genesis owed Gemini $900 million, accusing the CEO…

Bitcoin Inflows Fall To 2020 Levels As Activity Remains Low

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Data shows the Bitcoin exchange inflows and outflows have both shrunk recently as market activity has remained low. Bitcoin Exchange Inflows & Outflows Continue To Decline As per the latest weekly report from Glassnode, the BTC inflow volumes are now only around $350-$400 million per day. The “exchange inflow” is an indicator that measures the total amount of Bitcoin currently being deposited to centralized exchanges by holders. Its counterpart metric is the “exchange outflow,” and it naturally tracks the volume leaving exchange wallets. Generally, during periods of high activity in…