CrYpTo MaNiA

2023-05-12 16:55:09 BTC/USDT 1D

Good evening, everyone!

Fundamentally, everything revolves around the impending recession, which is being talked about more and more often. The issue of the US government debt ceiling remains unresolved, and at this rate, a default may be declared on June 1. However, I do not think that the government will allow such a scenario, so we will soon see the denouement

But regarding the cue ball, well, the bearish scenario is in force, we have gone below 50MA and are trying to gain a foothold below the neck line of the "head and shoulders" pattern. The goal of working out lies in the region of $ 24,000, friends, which corresponds to the level of 0.618 by Fibonacci. I would open the shorts when breaking through the 0.382 Fibo level for a safer entry. So, attention is now mainly on short positions, the market is finally moving towards the long-awaited correction! ओपन / कमेंट

2023-05-12 16:55:09 Due to the strong growth of commissions and the workload of the blockchain, #Bitcoin Core developers tend to block transactions with BRC-20 tokens

Something really needs to be done about it, but once you start banning it, you can't stop there.. instead, it would be possible to put into the signature algorithm a strong dependence of the transaction price on the volume, i.e. if we put a picture, then we pay an order of magnitude more for it - so the desire can immediately disappear, at least in a mass character ओपन / कमेंट

2023-05-11 18:25:23 The number of transactions on the #Litecoin blockchain - on May 9 exceeded 576,000, which is a record

The number of active $LTC addresses and newly created addresses also reached a historical maximum on this day

This should be due to the fact that the Litecoin community has proposed the creation of the LTC-20 standard, emulating BRC-20 ओपन / कमेंट

2023-05-11 18:25:22 Ethereum becomes decentralized

More and more Ethereum validators using NEW bots to verify transactions prefer to strengthen decentralization and preserve user privacy.

This is evidenced by a decrease from 72% to 27% of the share of nodes that comply with the requirements of the Office of Foreign Assets Control of the US Treasury ओपन / कमेंट

2023-05-11 08:33:34 The German fintech company Unstoppable Finance is launching Europe's first "DeFi-based Bank" (DeFi—Native Bank) - it also issues its own EURO-linked stablecoin. ओपन / कमेंट

2023-05-11 08:33:34 One of the largest bitcoin addresses, the #Binance cold wallet, was extremely active yesterday. As a result of 4 transactions, this wallet withdrew $2.26 billion worth of #BTC from its possession. The supply of bitcoins on exchanges fell from 6.78% to 5.84% ओपन / कमेंट

2023-05-11 08:33:33 #Binance will list a large number of tokens in the Innovation Zone today — $AMB, $ARK, $BTS, $DREP, $FTT, $GFT, $JASMY, $LOOM, $MLN, $OAX, $OMG, $PERL, $PNT, $SNM, $SRM, $VGX, $WRX and $YFII

I especially liked the innovative $FTT coin — be sure to pay attention to it ओपन / कमेंट

2023-05-09 17:53:14 Bitcoin produces on average 1 block  every 10 mins and there is Halving after producing 210,000 new blocks

But today Bitcoin network has not produced a block at block height 788759 for nearly an hour

However, this block generation time is not particularly abnormal in history. On June 11, 2021, the block generation time at a height of 687143 reached 119 minutes. In April 2021, there was a block time as high as 122 minutes. ओपन / कमेंट

2023-05-09 17:46:17 The "head and shoulders" pattern is visible on the #BTC and #ETH chart.
In the medium term, I am set for growth, but in the short term we are waiting for a correction, which I have repeatedly talked about

Confirmation will be the breakdown of the "neck" line ओपन / कमेंट

2023-05-09 11:34:36 XRP: Mom, I'm in Dubai!

A major player in the field of cryptocurrencies Ripple has announced its expansion into the Dubai market. CEO Brad Garlinghouse announced this at the Dubai Fintech Summit.

Garlinghouse noted that the decision is due to the large number of consumers in the Middle East and the development of regulation. He said that "Dubai is becoming an important financial hub for the development of crypto innovation." Ripple is involved in a two-year lawsuit with the U.S. Securities and Exchange Commission (SEC), which concerns the definition of digital assets.

Nevertheless, the company continues to develop and is now preparing for expansion to Dubai. Garlinghouse noted that regulatory clarity and a growing user base in the country have become decisive factors. Ripple has already spent more than $200 million on litigation with the SEC, which confirms the importance of regulation in this industry. ओपन / कमेंट