Author: dfmines

The title says it generally, I had a rare opportunity to actually SPEAK to my elected representative, and he said the only things hes heard about cryptocurrency are “concerning”. Im looking for help on putting together a good list of reputable sources that i could provide to him so that he could see the value…
Read more

Despite complaints of technical difficulties, attendees said that they were pleased with the South Korean electronics company’s willingness to embrace burgeoning technology and focus on sustainability.

Bitcoin whales have become active once again. While whale activity is normal and to be expected, the rate at which they purchase and accumulate coins can point to further movement in the market. Given that these investors control a large enough volume to affect the price of bitcoin, watching their every move can be beneficial as shown bypass data. When whales begin moving BTC in large volumes, it can either signal a market dump or pump. In the same vein, it can also who how big money is dealing with the digital asset. These addresses which hold 1,000 or more bitcoin on their balance have significantly impacted the market movement with their accumulation trend in the past. Now, again, they have begun to accumulate. Bitcoin Whales Are Stocking Up Santiment has reported that the bitcoin mega whales are coming out of their shells to stock up on more of the asset. These whales who hold at least 1,000 BTC on their balances have taken purchasing bitcoin at a rapid rate. Over the span of 7 days, these wallets have stocked up on more than 220K BTC, almost $10 bitcoin worth of the digital asset. Related Reading | Bitcoin Settles Above $43,000, But What Does The 4-Year Cycle Say? This comes at a time when the price of bitcoin had dipped and the market had plunged into extreme fear. This meant that a lot of investors were wary of putting money into the market. But not these whales it seems. In one of the most rapid accumulation trends, these whales have now added a combined 1.06% of BTC’s total supply in a little over a month. Santiment notes that the last time a rapid accumulation trend like this was recorded was two years ago in December of 2019. 🐳 Mega whales of #Bitcoin have accumulated significantly the past 7 weeks. Addresses with 1,000 $BTC or more have added a combined 220,000 $BTC to their combined wallets since December 23rd, the most rapid accumulation we've seen since September, 2019. https://t.co/RdVAg9FcP7 pic.twitter.com/gL1nJ18hyA — Santiment (@santimentfeed) February 8, 2022 What Happened The Last Time Whales Accumulated? As with any historical data, the accumulation of bitcoin by these whales has often had a profound impact on the market. Buying such a large amount of BTC in such a short period of time will no doubt have effects on the supply of the digital asset and by extension, the value of the asset. Related Reading | XRP Price Surges – Is Ripple Winning The Fight Against SEC? As noted in the report by Santiment, bitcoin whales had done the same thing back on December 23rd, 2019. Now, this was a pivotal time for the subsequent bull rally as it had begun in the next year. A significant uptick was noted in the value of the asset following the rapid accumulation by whales. This had seen an uptrend that continued until the market entered a full-blown bull rally. Whales accumulate BTC before 2020 rally | Source: BTCUSD on TradingView.com This is not to say that a bull rally is expected to immediately follow such an accumulation trend. However, it shows a strong correlation that a trend like this where supply is reduced helps to signal subsequent growth for an asset. Combined with market sentiment moving out of fear territory into the positive, indicators point towards a continued uptrend. Although only a break above $46,000 would signal that the bull has effectively been triggered. Featured image from Bitcoin News, chart from TradingView.com

The innovators of the popular meme coin Shiba Inu announced that the protocol will soon offer plots of virtual land in a soon-to-launch metaverse, causing the value of ecosystem tokens such as LEASH and SHIB to surge by nearly 50%. Metaverses are a broad concept that refers to a virtual domain in which individuals can interact in the same way they do in the real world, only digitally. The concept has gained traction in recent years, with metaverse tokens such as Decentraland’s MANA and Axie Infinity’s AXS now valued in the billions of dollars. “The Metaverse will be one of the most exciting areas of cryptocurrency for people to enjoy. Utilizing it as another fantastic resource for providing incentives, content, and monthly royalties to the crypto community,” the developers of the Shiba Inu disclosed in a blog post. What Can We Expect From Shiba Lands? Dubbed as the “Shiberse”, the metaverse property development will serve as the Shiba Inu ecosystem’s arm in the virtual domain. Shiba Lands and its unique auction system will be a major component of the Shibverse. The Shiberse competes with other metaverse ecosystems such as Decentraland, Sandbox, Gala Games, and Axie Infinity. Despite being new to the metaverse, Shiba Inu has already piqued investors’ interest. Retail investors have already flocked to SHIB because of the coin’s sporadic solid growth over the previous year. The queuing method for its land release is intended to avoid the exorbitant gas expenses experienced during the Shiboshi NFT launch last year. Total SHIB market cap at $7.98 billion in the daily chart | Source: TradingView.com Related Reading | Shiba Inu Enters The Metaverse, But Will This Help Its Price? The company announced that the queuing system will make the procedure fair and seamless for their community globally. Notably, in conjunction with the news, the price of Doge Killer (LEASH) increased by over 40%. In addition, the Shiba Inu team hinted that there would be additional “collaborations.” SHIB Regains Top Position On Whale Addresses As of now, Shiba Inu has recaptured top place on whale addresses, with $1.7 billion in tokens held by investors on the Ethereum network. After the cryptocurrency market comeback, Shiba Inu’s popularity surged. Shiba Inu has almost doubled in value from the local low on February 5. The token’s price topped out at $0.000035 before retracing to $0.000029, well below the $0.00003 mark. Despite the token not hitting new highs, traders could defy selling pressure and keep the asset above $0.00003. However, whales have chosen to accumulate extra tokens while the currency sells at a large discount. Another Shiba Inu whale has joined the network, amassing 3.4 trillion SHIB worth $115 million. While Shiba Inu regained its throne yesterday, market movements reduced whale holdings to $1.7 billion. Previously, many short positions were opened for no apparent cause, indicating a market overheat. Despite Bitcoin’s $45,000 comeback and the altcoin market’s general recovery, open interest data show that most traders still expect a negative trend to continue. Meanwhile, SHIB has dropped 8% in the last 24 hours after surging about 40% on Monday and Tuesday. At the time of publication, the token was trading at $0.000033. Related Reading | Shiba Inu Barks At Bears With 25% Gains, But Social Media Continues To Trend Dogecoin Image from Coingape, chart from TradingView.com

Hey everyone, had some questions about the ability for chains to collaborate versus compete. Im a NEAR shill at heart, but developments on the chain have made me curious about the long term vision for L1 competition. NEAR and terra basically have allowed one another to make UST and NEAR pools, which allows a lot…
Read more

Before the removal of the Dislike Count, people like me rely on the ratio between number of thumb-ups and thumb-downs to spot scams, fake reviews, or bad content overall. Those days are gone now that YouTube has removed the Dislike Count. Now scammers are just out on YouTube and scam people so blatantly because all…
Read more

From the article found here: https://slate.com/technology/2022/02/bitcoin-couple-scheme-rap-heather-morgan-ilya-lichtenstein.html What the Justice Department’s report refers to as “anonymity-enhanced virtual currency” is more commonly known in crypto parlance as “privacy coins.” These are types of cryptocurrency that have special features to help users obscure their identities and transactions. While other major cryptocurrencies like Bitcoin have publicly available ledgers recording…
Read more

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

Switzerland’s largest bank, UBS, has suggested some investment strategies for investors seeking to gain exposure to crypto assets with less risk than investing directly in bitcoin, ether, or other cryptocurrencies. “There are several main ways investors can access this potential while avoiding the high volatility and regulatory risks of holding bitcoin or rival cryptos,” the […]