Author: dfmines

I've lost my patience with ETH, the fees have made it unusable. I've got staking yields I can't claim to compound, I can't send small transactions and any operation requires a bank loan to execute. ​ It's 100% failed, ETH 2.0 has come too late and there are many alteratives out there. If I was…
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At its core, Crypto is nigh impossible to regulate within itself. The anonymity of the system (inherent) means the only source of regulation is from within. Wisdom of the Crowd can be powerful, but Mob Mentality (or as I like to call it, Stupidity of the Crowd), can be extremely dangerous and damaging. Trust systems…
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After an abysmal July, the world of DeFi is once again picking up speed – with Cardano ahead of the pack. As the price of Cardano soars to new heights, its widespread community is looking for projects that will accelerate the seismic reorientation of the DeFi industry away from Ethereum. KICK.IO, a non-custodial fundraising launchpad on the Cardano Network, promises to kick this plan into gear. To achieve its goals, it has chosen to hold its IEO on ExMarkets on September 16th, a decentralized exchange that is increasingly becoming a household name within the Cardano community. Following the successful public sales of ADAX and YaySwap (among many others) – the choice of the platform does not surprise anyone. KICK.IO platform is expected to mature into the place where Cardano’s extensive community can come together to fund high-growth projects, and pick tomorrow’s winners. Led by a team of finance professionals, KICK.IO offers full Cardano native token support, as well as a suite of project kickstarting and endorsement capabilities projects need to thrive and prosper. In looking out for the interests of investors, KICK.IO ensures that only the most credible and promising projects make it through — the ones with the highest potential to make a meaningful contribution to the Cardano ecosystem. KICK Public Sale – Launching September 16, 2021 KICK.IO’s sale is set to go public on 16 September and is already heavily oversubscribed by both retail and institutional investors, and with the hard cap sitting at $22,680,000, the possibilities are endless. Phase 1 of the token sale will see 24,500,000 tokens being sold for $0.22 per token, and phase 2 of the token sale will see 14,000,000 tokens being sold for $0.26 per token. Visit the website to find out more about the token sale or Reach out to KICK.IO’s Sales team! Don’t miss out! To participate in the sale visit the Exmarkets Launchpad today. KICK.IO Official Website Telegram | Twitter

Polygon’s native asset, MATIC, tests its June resistance level near $1.51 for a bullish breakout setup.

After overcoming the subprime mortgage catastrophe, Michael Burry now sets his sights on ETF ARK’s flagship invention from Bitcoin Bull Cathie wood, which finances companies like Square, GBTC, and Tesla. The “Big Short Movie” lead character Michael Burry takes a major temporary stand against ARK, the ETF innovation of Cathie Wood. As stated by second quarter 13 fillings, Michael Burry’s investment fund “Scion Asset Management” bought up to $31million bearish put options against the ETF 235,000 shares. The best way to profit when there is a decrease in the fund or stock value is through “PUT” options. ARK’s largest fund, Innovation ETF, is financed with $22.62 billion in assets. Its purpose is to finance various troublesome tech companies such as Coinbase, Square, Grayscale Bitcoin Trust, and Tesla. According to the second quarter 13 filings, other firms apart from Bury have also reduced the ARK’s flagship funds. Related Reading | Microsoft To Fight Piracy With Ethereum, Introduces Project Argus For instance, up to $171 million put options are held by Laurion against the 1.3M shares of Cormorant Asset Management, Moore Capital Management, and Golden Tree Asset Management’s extensive bearish positions. However, Cathie Wood seems to enjoy this challenge, according to her Twitter post. “To Michael Burry’s credit, his decision was sound based on the basics as well as the brewing crisis in the mortgage/housing market. Unfortunately, Burry don’t seem to understand the basics that are generating volatile investment and growth opportunities within the innovation scope”. Cathie Wood On Cryptocurrencies Cathie Wood believes strongly in Bitcoin and other cryptocurrencies. That is why ARK has become partners with the Switzerland-based 21 Shares. She intends to create an EFT Bitcoin. Furthermore, ARK Invest bought over 450,000 GBTC shares in one month with two different buys. Also, ARK bought another $110 million share from Coinbase in April, and some of the shares are for Innovation ETF. Meanwhile, Burry is a Bitcoin and crypto magnet. He has warned about “unmanageable valuation” within the market in the following months. Related Reading | Ethereum 2.0 Becomes The Leading Hodler of Ether With $21.5 Billion in Funds In June, Burry also warned that retail investors might be enticed to the “biggest of all other crashes” by their investments into meme stocks and cryptocurrencies. He stated. “What the speculations/hype will achieve is to lure in retails pending a terrible crash. By the time meme stocks crash from its tens of billions and crypto from its trillions, then #MainStreet losses may reach up to the width of Countries”. Burry became famous after calling the collapse of the housing markets during the “Global Financial Crisis.” He also made huge profits through the mortgage crisis. In addition, Burry is best known for “The Big Short,” a book written by Michael Lewis, which won an Oscar award with its movie. Featured image from Pixabay

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What happens at the end of the day will determine the extent of Bitcoin’s breakout and what might lie ahead, analysts say.

Bitcoin’s recent “golden cross” pattern formation was previously witnessed when BTC’s value surged on two occasions in 2020.