Author: dfmines

Bitcoin and altcoins sold-off sharply on Friday, leading technical traders to forecast a possible drop to new yearly lows.

Writing this post to clarify some misconceptions about the bug discovered on the Vasil testnet. You can see the activity on Github or the latest CH video to verify these points. The bug discovered is critical and will cause a delay This is clearly not the case. The bug was discovered by stake-pool operators (SPOs)…
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A few days ago I just stumbled upon this new project with a very interesting story on the blockchain! The name wasn't some Ryoshi larp or related to a shitcoin trend, so some digging was done. The contract was unverified but LP was burnt almost instantly after pair creation. Now this is often a scheme…
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After the Crypto Fear and Greed Index (CFGI) dropped to significant lows and pointed to “extreme fear” in crypto markets at the end of May, and throughout most of June, today the CFGI rating is still in the “fear” zone, but it has seen an improvement. On June 19, the CFGI rating tapped a low […]

Venture capital firms continue to pour billions into the crypto economy; this week saw the launch of two funds worth a combined $500 million.

The wife of the arrested Tornado Cash developer after the blacklisting of them by the US Treasury (which is very controversial and not supported by actual law), Ksenia Malik, is not allowed to talk with her husband and says that they treating him "like the worst criminals Eventhough he just write a code". Honestly that's…
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Hi there, over the course of a few months I’ve worked on a project called Etherface, an Ethereum Signature Database similar to 4Byte to decode function, event and error signatures. Unlike 4Byte however, it has two key features: It scrapes signatures 24/7 by itself without any user input by crawling / polling sites where Solidity…
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More than 5 years they have been working on incorporating the best possible version of proof-of-stake on arguably the most used blockchain. They are taking all the precautions in the world because their work is gonna impact the entire crypto ecosystem. I'm fine with that. I rather have a super polished product like bitcoin 1.0…
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Bitcoin price has no doubt had an interesting couple of weeks. After managing to recover from the crash that rocked the market in June, it is now back down to where it began, losing more than $3,000 in a matter of days. The swift decline has put the digital asset below key technical levels. So while the cryptocurrency had managed to maintain some bullish indicators after falling from $25,000 initially, it has now completely reversed this trend. Bitcoin Loses Technical Levels Bitcoin has seen a fast fall in its price, which has translated into lower 50-day moving averages for the digital asset. So even when bitcoin had fallen to $23,000 levels, it had been able to maintain above this important point. That is until bitcoin lost its footing at $23,000 and is now trading just above $21,000. Related Reading: Crypto Market Gains Retrace As Ethereum Merge Draws Closer By now, the 50-day moving average for bitcoin had fallen to $21,891, and at a current trading price of $21,433 at the time of this writing, it was trading well below the 50-day MA. The 50-day MA is important for determining when there might be a turn in investor sentiment towards bearish or bullish. As bitcoin has fallen below this point, it indicates that investors are not looking toward buying the digital asset. BTC falls below 50-day and 200-week MA | Source: BTCUSD on TradingView.com Another crucial technical level that bitcoin has lost is the 200-week moving average. Anyone following the digital asset knows that this was a level that bulls fought hard to reclaim. After breaking above it a couple of weeks ago, bitcoin had gone on a positive run that eventually ended at $25,200. Even then, it had managed to hold above here. That is, until Thursday. The digital asset is down 8.74% in the last 24 hours alone and 10.09% on the weekly chart. This decline has followed the Fed’s hawkish stand in recent times. So basically, the market continues to hold its breath as the Fed makes more decisions concerning the financial markets.  Related Reading: Bitcoin Price Must Clear This Level If It Wants To See $28,000 Falling below the 200-week moving average, coupled with the fall below the 50-day MA, bitcoin had now registered another bearish trend. It suggests a reversal to sell-offs, strengthening the bears once more. Trends such as this can only be reversed with accumulations, and even though there is buying among bitcoin holders with 100 to 10,000 BTC, there has not been enough buying to turn the sell-offs around completely. Presently, bulls are trying to keep the digital asset’s price above $20,000. With the crash, short traders have ramped up as weakness is being perceived across the market. This loss in momentum has continuously dragged the price down, and unless there is significant buying coming from whales and institutional investors, bitcoin is more likely to test $20,000 than touch $25,000 again. Featured image from Coingape, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

An independent review from the accounting firm BDO reported that the stablecoin issuer’s total assets exceed its consolidated liabilities.