Author: dfmines

Samsung, the Korean tech giant, has decided to participate in a central bank digital currency (CBDC) program that is being carried out by the Bank of Korea. The company will be testing the feasibility of using these new instruments in its lineup of Galaxy phones, specifically assessing the possibility of making offline payments between peers. […]

I was scrolling through the Safemoon sub and came across a comment that recommended people to take out a loan to buy the dip. This is just about the worst piece of advice I’ve ever heard, and shouldn’t even be joked about. Please only invest what you can afford to lose. Although I firmly believe…
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The new lead plans on hiring for the Bluesky team and “partnering closely with Twitter and other companies” as part of the next steps towards fulfilling the decentralized social media plan.

submitted by /u/TobiHovey [link] [comments]

As the bull rally continues, some Bitcoin technical indicators may suggest the biggest BTC buy signal since April 2020 is here. Bitcoin Closes Above 21 Week MA And 200 Day MA As pointed out by a CryptoQuant post, the cryptocurrency has made a weekly close above the 21-week and 200-day moving averages (MAs). The Bitcoin moving average is a method used to smooth out the price data by taking the average price over a specific period of time. For the 21-week MA, data from the past 21 weeks is used, while for the 200-day MA, prices from the last 200 days are used. This method “smooths out” the price curve in the sense that it eliminates the many small up-down fluctuations of the price that aren’t relevant to long-term analysis. This results in a easier to look at curve without any sudden spikes. Related Reading | By The Numbers: What $10 In Bitcoin Each Day Would Net Investors Now, here is a chart that shows how the current BTC price stands against these two indicators: BTC price finishes above the 21-week and 200-day MAs | Source: CryptoQuant As the above chart shows, Bitcoin’s price has closed above the two indicators, flashing a buy signal not seen since April 2020. The current price trend might also suggest that the coin is following the “Wyckoff Accumulation” pattern. In short, the Wyckoff Accumulation curve forms when Bitcoin enters a period of consolidation in a trading range. Right now, Bitcoin seems to be in Phase D of the pattern, which is the last one with price moving up and down within a range. If the pattern truly holds, BTC might soon test $50k after a bit more consolidation as it enters Phase E. Another indicator, the spot exchange netflow, seems to be showing sharp negative spikes right now. The netflow metric curve shows the net amount of BTC entering or exiting exchanges. Related Reading | Family That Went “All-In” On Bitcoin At $900 Stores Fortune On Four Continents A positive value means more inflows, while a negative value implies more outflows. The below chart points out the relationship between these spikes and BTC price movement during the weekend. The negative spikes correlate with the an upwards price trend | Source: CryptoQuant BTC Price At the time of writing, Bitcoin’s price is around $47k, up 4% in the last 7 days. Over the past month, the value of the crypto has increased by almost 50%. Here is a chart showcasing the trends in the price of the coin over the last three months: BTC continues to rally up | Source: BTCUSD on TradingView Bitcoin’s price seems to have slowed down a little as the coin bounces back and forth between the $47k and $45k range. However, if the indicators mentioned above are anything to go by, signs seem to be bullish for BTC. Nonetheless, nothing is clear at the moment and the crypto could very well take a bearish turn instead.

Using Blockchain wallet. I still see the balance but it is unavailable due to pending transactions. I'm really worried it will stay like this forever. Appreciate any help submitted by /u/yankee_rose [link] [comments]

​ So, why do I make such a confident claim as to why Ethereum will easily surpass BTC as the largest cryptocurrency by almost every metric including market cap? Simply put, its because the Ethereum selling pressure is going to reduce by as much as 90% – the equivalent of three Bitcoin halvenings in the…
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Recently left a job and would like to rollover my 401k to ethereum. Im trying to understand my options – it looks like a self directed IRA is one option, and then just put everything into one of the ETH investment vehicles (ie, ETHE). Are there any other options that would allow me to buy/store…
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Cryptoassets continued their surge last week, with Cardano (ADA) a standout performer. ADA started the week at $1.41 but has since soared, reaching over $2.24 on Saturday – a 96% rise. At the time of writing the cryptoasset is trading around $2.14. Bitcoin continues to edge back towards the $50,000 mark as it maintains its steady recovery. Having started the week below $44,000, BTC at times traded above $48,000 as its rally progressed with some volatility. It is now trading around $47,431. Ethereum is also now trading comfortably above $3,000 following its long-awaited London hard fork two weeks ago. ETH started the week around $2,950, but despite a blip on Friday has not since fallen below $3,000. It is currently trading around $3,284. US infrastructure bill approved The $1trn infrastructure bill passed through the US Senate last Tuesday, meaning cryptoasset tax proceeds could soon help fund the US’ ambitious infrastructure requirements, with plans to raise $28bn in the next 10 years. The bill contains new regulations for US-based crypto firms to extend the definitions of what defines a crypto ‘brokerage’ to include exchanges, which will set new higher level requirements for tax reporting of users. The bill is now set to head to the House of Representatives for further scrutiny. Whilst rumours continue to persist about future regulation of the market, the Federal Reserve is still keen to foster faster payments by developing its own digital currency pegged to the US dollar, highlighting enthusiasm for digital payments. Messi’s ground-breaking new contract leads way for further crypto exposure Footballer Lionel Messi’s move to Paris Saint-Germain has caused ripples in the crypto world. Part of his salary will be paid in a type of cryptocurrency, in a move which could be followed by other clubs. Messi will be rewarded with fan tokens, provided by Socios.com, allowing holders to vote on some decisions related to the club. Whilst these tend to be relatively minor issues, it hands power to holders to help drive the change they want to see. For example, PSG has previously allowed fan token holders to choose motivational messages which go on the dressing room wall before key games, goal of the season, end of player season awards and receive personal video calls from star players. Similar to other cryptoassets fan tokens can be sold or exchanged, allowing holders to release capital. However, much like other cryptoassets, price swings are common, leading some financial regulators to issue warnings to investors. PSG’s scheme saw a surge in the days preceding the move, with trading volumes exceeding $1.2bn – demonstrating fans’ excitement about the signing. AMC to accept payment in bitcoin AMC, the US cinema chain that owns Odeon, has announced that by the end of the year it will allow customers to pay for film tickets and concessions in bitcoin. Whilst it is unclear whether this will apply to Europe, AMC has apparently been exploring the technology and “how else AMC can participate in this new burgeoning cryptocurrency universe”. AMC follows in the footsteps of Microsoft, Wikipedia and US mobile operator AT&T by accepting the world’s largest cryptoasset as payment. Shares jumped 6% following the announcement before falling back. AMC has surged 1,500% this year following strong retail investor interest and its unwitting involvement in the Wall St Bets Reddit run. $600m stolen…then returned in Poly Network hack A bizarre chain of events has seen the biggest ever cryptoasset heist – before the funds were returned just a few days later. The Poly Network saw $600m stolen after hackers exploited a vulnerability in its smart contract. The hackers were seemingly able to override the contract instructions for each of the three blockchains, before diverting the funds to three wallet addresses – which were later traced and published by the Poly Network. But in under 48 hours the hackers started transferring assets back to the Network into a wallet which both parties controlled. Whilst there is a debate as to the motivation behind the attack (white hat hacking or pivoting due to difficulties laundering it), it rounds off a bizarre set of events which may prompt many blockchains to test their security levels in the coming days. This is a marketing communication and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without having regard to any particular investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past performance of a financial instrument, index or a packaged investment product are not, and should not be taken as a reliable indicator of future results. All contents within this report are for informational purposes only and does not constitute financial advice. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared utilizing publicly-available information. Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk.   Image by Mediamodifier from Pixabay