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नवीनतम संदेश

2022-06-23 04:30:32
The Bank of International Settlements (BIS), the global body for central banks, claims the weaknesses in crypto that were pointed out before “have pretty much materialized.” BIS General Manager Agustin Carstens opined: “You just cannot defy gravity … At some point, you really have to face the music.”

BIS on Crypto Weaknesses
The Bank of International Settlements (BIS) has warned that a perceived danger of decentralized digital money is materializing.

The BIS explained in its Annual Economic Report, published Tuesday, that the crypto market sell-off and the collapse of cryptocurrency terra (LUNA) and algorithmic stablecoin terrausd (UST) are indicators of a structural problem in crypto.

“Structural flaws make the crypto universe unsuitable as the basis for a monetary system: it lacks a stable nominal anchor, while limits to its scala...

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2022-06-23 03:05:44
During the past week, Bitcoin’s hashrate has dropped a few percentages after reaching 288 exahash per second (EH/s) on June 8, 2022. Bitcoin miners, however, got a break on Wednesday, June 22, as the mining difficulty dropped by 2.35% making it easier for miners to find blocks. The 2.35% drop brings the difficulty down to the 29.50 trillion range for the next two weeks.

Bitcoin’s Mining Difficulty Drops 2.35%

On Wednesday, June 22, at block height 741,888, Bitcoin’s mining difficulty decreased 2.35% lower than two weeks ago. At that time, the difficulty rating was 30.28 trillion and today it is 29.50 trillion. Furthermore, bitcoin’s fiat value dropped to a low of $17,593 on June 18.
Essentially, Bitcoin’s difficulty adjustment algorithm (DAA) shifts every 2016 blocks and the changes are based on the amount of time it took...

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4 views00:05
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2022-06-22 23:57:50
Last week there was a lot of focus on the crypto hedge fund Three Arrows Capital (3AC) as the firm allegedly had a great deal of leveraged positions liquidated and there’s been speculation about insolvency. According to a recent report, 3AC’s over-the-counter (OTC) operation TPS Capital pitched a GBTC arbitrage opportunity before the company reportedly failed to meet margin calls.

3AC Co-Founder Says ‘Terra-Luna Situation Caught Us Very Much off Guard’ — FTX CEO Sam Bankman-Fried Insists Problems Like 3AC Couldn’t Have Happened With an Onchain Protocol
Before June 14, which was the last day Su Zhu tweeted, the co-founder of Three Arrows Capital Ltd. (3...

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6 views20:57
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2022-06-22 20:38:20
Tether, the company behind the largest stablecoin by market capitalization, has announced another fiat-pegged stablecoin called GBPT on Wednesday, tied to the value of the British pound sterling. The news follows Tether’s most recent launch of a Mexican peso-pegged crypto asset called MXNT.

Tether Launches the Company’s 4th Fiat-Pegged Crypto Asset

On June 22, 2022, Tether announced the launch of GBPT, a stablecoin that will be initially issued by the Ethereum blockchain. GBPT is pegged to the value of the British pound sterling, the oldest fiat currency in the world, first issued in 1694.
“GBPT will be a stable digital asset that is pegged 1:1 to the British Pound Sterling. GBPT will be built by the trusted team of developers behind tether USDT and operate under tether.to,” the Tether a...

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16 views17:38
ओपन / कमेंट
2022-06-22 20:38:15
This is the June 2022 monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market performance, a macro recap, market structure analysis, and more.

Crypto Market Performance

Crypto markets continued on a downtrend as BTC and ETH were down 30% and 44% respectively over the last 30 days.

The macroeconomic outlook continues to be unfavorable for risk assets as high inflation combines with elevated commodity prices and tight U.S. labor market conditions. Adding to that, crypto has experienced a credit crisis as major borrow/lend players such as Celsius, 3AC, and Babel Finance have gone insolvent.

Despite t...

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11 views17:38
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2022-06-22 20:38:07
Uniswap moved into the crypto top 20 on Wednesday, relegating MATIC, after surging by over 10% today. UNI has now gained for four straight sessions, as it approaches a key resistance point. SHIB was once again higher today, with prices hitting their highest point since May.

Uniswap (UNI)
UNI was trading higher for a fourth consecutive session on Wednesday, as the token broke into the top 20.

Following a low of $4.43 on Tuesday, UNI climbed higher today, hitting an intraday peak of $5.14.

This move saw the world’s 19th largest cryptocurrency move closer to its long-term resistance level at $5.20.

As a result of this recent surge in price, the 14-day RSI has climbed to its highest point since April 5, hitting a ceiling of its own.

Looking at the chart, this ceiling appears to be the 53.60 point, which hasn’t been broken in over three month...

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8 views17:38
ओपन / कमेंट
2022-06-22 17:26:12
Tencent’s Wechat intends to impose penalties on public accounts facilitating secondary trading of NFTs, a press report has revealed. Accounts offering transaction channels and guidance for cryptocurrencies have also been targeted by the new rule.

Popular Chinese App to Impose Restrictions on NFT Trading
Wechat, the instant messaging, social media, and mobile payment app developed by the Chinese tech giant Tencent, is introducing a policy update that will prohibit the provision of certain services related to non-fungible tokens (NFTs) and cryptocurrencies on its platform.

Quoted by the South China Morning Post (SCMP), Tencent said it will “order accounts to rectify if they provide relevant services or content for secondary trading of digital collectibles, and limit some f...

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20 views14:26
ओपन / कमेंट
2022-06-22 16:09:50
Bitcoin hit a hurdle on hump day, as the world’s largest crypto token moved lower, following strong gains to start the week. ETH also slipped during today’s session, with prices moving back towards the $1,000 mark.

Bitcoin
Following two straight days of gains, BTC was lower on hump day, as bears seemingly re-entered the marketplace.

BTC/USD is down by nearly 3% as of writing, after hitting an intraday low of $20,045.63 earlier in today’s session.

This move comes after prices failed to sustain a breakout of yesterday’s resistance level at the $21,000 mark.

Typically after such a false breakout, this acts as a signal to bears to retake momentum, however there seems to b...

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22 views13:09
ओपन / कमेंट
2022-06-22 14:41:34
The incoming governor of the Philippine central bank, Felipe Medalla, has suggested that people that invest in cryptocurrencies like bitcoin are adherents of the Greater Fool Theory. He also argued that people investing in cryptocurrencies are doing so because they want to “hide their money from the government.”

A ‘Very Scary’ Investment Strategy
The new governor of Bangko Sentral ng Pilipinas (BSP), Felipe Medalla, has claimed that bitcoin investors only buy the cryptocurrency because they are convinced that someone else will buy the same digital asset at a higher price. According to Medalla, who spoke at a virtual roundtable discussion that was organized by a local media outlet, such an investment strategy is “very scary.”

Also, as...

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ओपन / कमेंट
2022-06-22 14:41:33
Embr is an all-remote corporation building a global Web3 fundraising infrastructure, and Checkout is the first of many product releases focused on moving startups and creators into a new era of the internet.

Web3 has the potential to rewrite the future of economic opportunity for innovators and investors everywhere. Still, crypto first-timers and veterans alike often suffer through long, error-prone processes when purchasing digital assets.

Embr Checkout eliminates all friction from the current state of token purchases, enabling people to buy tokens with nothing more than a credit card and email. Its Web2-esque design creates optimal experiences where buyers no longer need crypto wallets or assets to back disruptive technology projects they believe in....

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