Active addresses, entities, and transactions on the Bitcoin network are all moving sideways while the number of wallets holding at least some of the assets continues to reach new highs.
BTC And if I give a specific number instead of percentages, it becomes even scary. In six months, 82,602 bitcoin millionaires have lost their status as a result of the negative dynamics of the first cryptocurrency. At the time BTC ATH reached $69,045.00. – there were 108,886 bitcoin millionaire addresses. You can count…
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A new water delivery infrastructure system powered by cryptocurrency has received a massive investment from global investment firm GEM Digital.
The British Army’s official Youtube and Twitter accounts were compromised Sunday and hackers used them to promote crypto, including bitcoin and ether giveaway scams featuring Tesla CEO Elon Musk. British Army’s Social Media Accounts Used to Promote Bitcoin, Crypto, NFT Scams The British Army confirmed Sunday that its official Youtube and Twitter accounts were breached. […]
KuCoin utility token KCS has been in a sluggish condition in the last few days, as the major cryptocurrency exchange faces a flood of insolvency rumors. Tuesday’s CoinMarketCap statistics reveals that the price of KSC has decreased by 17.35 percent over the previous week, trading at $8.74 at the time of writing. According to certain sources, KuCoin had exposure to Terra’s doomed LUNA and UST cryptocurrencies as well as insolvent crypto hedge firm Three Arrows Capital. KuCoin is the fifth largest cryptocurrency exchange in the world, with a 24-hour trading volume of $927 million. KCS is the 49th most valuable digital asset according to CoinMarketCap, with a market valuation of $858 million. Suggested Reading | Solana (SOL) Stuck Below $33 In Past Days As Bearish Pressure Still Intact KCS Sheds 14% Of Value This Month KCS has kept weakening this month despite its founder’s assurances that the cryptocurrency exchange will not halt withdrawals in the manner of many of its competitors. KCS has lost 14 percent of its value so far this month, as investors have been frightened by changes in global macroeconomic conditions and by weakness in the balance sheets of other major crypto exchanges following a wave of job cuts and operational breakdowns caused by the insolvency of a few large clients. Last week, the exchange’s native token lost roughly a quarter of its value, with more than half of that decline occurring on Saturday alone. Since the end of May, KCS has lost more than half of its value and is down more than 60 percent from its December 2017 record levels. Crypto total market cap at $897 billion on the daily chart | Source: TradingView.com KuCoin Is Fine, CEO Says KuCoin CEO Johnny Lyu responded to speculations of the company’s demise by clarifying it had no exposure to Three Arrows, LUNA, or Babel. Be aware of FUDs! Not sure who's spreading these sheer rumors, and what their intentions are, but #KuCoin does not have any exposure to LUNA, 3AC, Babel, etc. No “immense suffer” from any “coin collapse”, no plan to halt withdrawal, everything on KuCoin is operating well. — Johnny_KuCoin (@lyu_johnny) July 2, 2022 On Twitter, Lyu said: “No ‘immense suffer’ from any ‘coin collapse’, no plan to halt withdrawal, everything on KuCoin is operating well,” adding that the company reserves the right to carry out legal actions against those spreading false rumors. In May of last year, the company secured $150 million in new cash during a funding round that valued the exchange at $10 billion. Suggested Reading | Litecoin (LTC) Drops Below $50 After Consistent Bearish Squeeze In May of last year, the company secured $150 million in new cash during a funding round that valued the exchange at $10 billion. KuCoin embarked on a hiring binge and added new features to its site, sources said. Nonetheless, according to market experts, the associated FUD (fear, uncertainty, and doubt) has had an effect on KCS. Until uncertainties around KuCoin’s balance sheet is resolved, it is possible that KSC may not be able to initiate a strong comeback, even if the wider crypto industry can. Featured image from FundsNet, chart from TradingView.com
Now you can buy my digital arts through the open-sea https://opensea.io/its_Digital_Art https://preview.redd.it/3u8u6ivmoo991.png?width=1297&format=png&auto=webp&s=c519c1485d92acb043b4c40b86e84491892a85ef submitted by /u/JustControl1900 [link] [comments]
The collaboration makes use of recent meteorological data to educate farmers. The information from Plugin will instruct farmers and provide agricultural guidance. Together, Plugin (PLI) and Sumunnati broadened the implementation area for crop insurance that includes small-scale farmers as well. The blockchain platform is being used by the partnership to apply weather intelligence. Parallel to the above, the alliance mentioned above is anticipated to expand the range of contemporary technical services available to the farm industry. Today, there is no denying that agriculture plays a significant role in fostering wealth across the globe. However, particular difficulties continue to have an impact on the sector’s productivity, trapping many smallholders who depend on agriculture in uncertainty and resulting in returns that are below average. Changes in weather patterns, unexpected production cycles, a lack of actionable weather knowledge, and insufficient mechanisms designed to offset negative consequences throughout the entire agriculture supply chain are just a few of the particular difficulties facing today’s agriculture. To show how precise decision-making at the farm level is hampered by a lack of actionable weather intelligence. In particular, it has an impact on the many daily decisions that farmers and the supply chain make, all of which depend on precise forecasts for success. As an illustration, applying fertilizer without using actionable meteorological intelligence may result in fertilizer being applied right before rainstorms. Reapplying fertilizer may be necessary as a result, raising a farmer’s production costs. While there are many distinct problems, the development of new technologies—powered by blockchain—offers chances to turn the tide, releasing agricultural wealth, generating jobs, and fostering prosperity. Plugin-Samunnati Partnership: Weather Intelligence and Crop Insurance Recently, Plugin & Samunnati partnered to unlock the synergies in weather intelligence via Plugin’s Weather Forecast Node (WFN) project. Through this partnership, Plugin & Samunnati will extend their expertise in implementing the Plugin WFN project across the smallholder farmers’ landscape. Aggregated weather data will be integrated into Plugin’s data lake within the XDC ecosystem helping boost weather intelligence activities. What’s Plugin’s WFN, and how does it converge with crop Insurance? Well, Plugin’s WFN uses data collected and processed via registered weather stations/hyperlocal sensors placed across the globe. Data collected from these nodes is collected and processed at near-real-time speeds and pushed into Plugin’s data lake. (Note: there’s potential to scale the data lakes significantly by setting up more hyperlocal sensors across the globe.) Thanks to application user interfaces (UI) that are decentralized, weather data comes tagged with latitude and longitude coordinates. This helps provide cryptographic proof when uploading the data into Plugin’s blockchain, enabling anyone to verify its provenance when developing smart contracts. Once weather data is recorded on PLI’s blockchain, its provenance information can’t be altered. What’s more, additional filters are available to help drill down weather data collected by PLI to the granular level— i.e. one can view weather data by searching for information on a specific country, state, or city. To guarantee the quality of recorded weather data, PLI conducts periodic checks at the registered weather station. As well, providers of Plugin WFN’s data are compensated for providing accurate and actionable weather info. This helps optimize the data, making it useful for decision-making in different industries. To elaborate, let’s take the case of processing crop insurance claims and how WFN can help. With climate change introducing weather uncertainties—some extreme–, there’s a need for real-time weather data to help validate and verify crop insurance claims. With the near real-time data, crop insurance providers can verify whether specific weather conditions were experienced, causing specified problems. Upon ascertaining the data, crop insurers can process payout for affected farmers, guaranteeing continuity in agriculture. Other areas where crop insurance—supported by WFN— can cover agricultural logistics, hedging in commodity markets, aviation, and government-related policy formulation. That said, what else does the Plugin-Samunnati collaboration cover? The partnership also covered analyzing crop insurance availability amongst smallholder farmers, and how these challenges can be handled during unforeseen and weather-related calamities. Some weather events considered include unexpected rain, floods, extensive drought, etc. As well, Plugin has also signed a Memorandum of understanding (MoU) with Samunnati that will see Samunnati onboarded as Master Node Operator on Plugin’s decentralized oracle network. Currently, business enablement consultations are in progress and within a few weeks directions will be given to community members.
Ethereum started a fresh increase after it remained stable near $1,000 against the US Dollar. ETH could rise further above the $1,150 resistance zone. Ethereum gained strength for a move above the $1,080 and $1,100 levels. The price is now trading above $1,100 and the 100 hourly simple moving average. There was a break above a key contracting triangle with resistance near $1,075 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a move above the $1,150 resistance zone. Ethereum Price Gains Pace Ethereum remained stable above the $1,000 support and there was no downside break. As a result, a base was formed and the price started a decent increase. The price was able to clear a couple of key hurdles near the $1,070 zone. There was a break above a key contracting triangle with resistance near $1,075 on the hourly chart of ETH/USD. The price even tested the 61.8% Fib retracement level of the key drop from the $1,235 swing high to $997 low. Ether price traded as high as $1,158 and trading well above the 100 hourly simple moving average. It is also well above the 23.6% Fib retracement level of the recent increase from the $1,025 swing low to $1,158 high. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $1,150 level. The next major resistance is near the $1,180 zone, above which the price may perhaps clear the $1,200 resistance. In the stated case, the price could rise towards the $1,250 resistance. Any more gains might send the price towards the $1,300 zone. Fresh Decline in ETH? If ethereum fails to rise above the $1,150 resistance, it could start a downside correction. An initial support on the downside is near the $1,125 zone. The next major support is near the $1,090 zone and the 100 hourly simple moving average. It is near the 50% Fib retracement level of the recent increase from the $1,025 swing low to $1,158 high. A downside break below the $1,090 support may perhaps put pressure on the bulls in the near term. The next major support sits near $1,060. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now well above the 50 level. Major Support Level – $1,125 Major Resistance Level – $1,090
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