Author: dfmines

Cryptocurrency News and Public Mining Pools

“Jumping from 0.005$ to 1$ […] may be a sign that BTC is headed for a speculative bubble” – Forbes, 2011

https://www.forbes.com/forbes/2011/0509/technology-psilocybin-bitcoins-gavin-andresen-crypto-currency.html?sh=769f5f84353e Found this old article, I think this is a good reminder for all of us to stop focusing on the short-term, be patient & look at how much BTC and the Cryptoverse matured in 10 years. When this was published, the article reported: 6 millions of BTC in circulation -> As of today 18.9…
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Loopring on Twitter

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Just in case you missed the reason why crypto is unavoidable : a bank just froze the accounts of 530 persons in France

N26 the German neobank has blocked in recent weeks the access of 530 people to their bank accounts. The individual amounts range from 300 to over 9000 euros. Everything is still particularly unclear at this stage but it seems that it is related to ongoing investigations in Germany on money laundering. The neobank has even…
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Crypto exchange Kraken acquires crypto staking platform Staked

Kraken, a popular crypto exchange and blockchain asset platform, today announced it has acquired Staked for an undisclosed sum. Staked is a non-custodial staking platform that enables investors in Proof-of-Stake networks to compound their holdings with ease. For Kraken, this acquisition bolsters its staking offering by expanding the number of supported networks and enabling a…
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The new promising crypto platform 123swap has in its arsenal the best functions for using and making money on cryptocurrencies.

The new promising crypto platform 123swap has in its arsenal the best functions for using and making money on cryptocurrencies. One of the important features of the platform is that it is multi-chain, which allows everyone to get the maximum possible profit using different cryptocurrencies, different blockchains. You should definitely find out more information about…
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NFT’s summarized

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Bitcoin Bullish Signal: Open Interest Shows Strong Trend Up

After heavily decreasing during the 4th December crash, the open interest finally seems to be making a return as it gains strong upwards trend. Bitcoin Open Interest Shows Strong Upwards Movement As pointed out by a CryptoQuant post, the BTC open interest has reversed its trend, and is now showing sharp movement up. The “open interest” is an indicator that measures the total amount of futures contracts still open at the end of any trading day on derivatives exchanges. The metric takes into account both long and short positions. When the value of this indicator moves up, it can mean market volatility is rising. An increasing open interest may also support the current overall price trend. However, very large values of the metric can imply there is an excess of leverage in the market, which may end up leading to a correction in the price of the crypto. On the other hand, a decreasing open interest value can result in lower market volatility. When the indicator sharply moves down, it can lead to a short or long squeeze due to the sudden price movement (the reverse can also be the case). Related Reading | Bitcoin Whale Address Containing $11 Million Activates After 9-Year Dormancy Now, here is a chart that shows the trend in the Bitcoin open interest over the past month: Looks like the indicator has started moving up recently | Source: CryptoQuant As you can see in the above graph, during the 4th Dec crash, the value of the Bitcoin open interest sharply dropped off. The indictor showed some recovery shortly after, but soon the curve started to flatten. However, recently, the metric has shot up and shown some strong uptrend. Related Reading | Sharply Dropping Bitcoin Reserves May Suggest Return To Bullish Trend This trend may mean that whales are now returning to the Bitcoin derivatives market, which can be bullish for the price of the crypto. BTC Price At the time of writing, Bitcoin’s price floats around $48.8k, up 3% in the last seven days. Over the past thirty days, the coin has lost 18% in value. The below chart shows the trend in the price of BTC over the last five days. BTC’s price might have started to recover | Source: BTCUSD on TradingView For a while now, Bitcoin has mostly showed sideways movement as the coin has been stuck between the $45k and $50k price levels. However, today BTC seems to have shifted to some strong uptrend. But since the price is still below $50k, it’s unclear at the moment whether this change of trend can help BTC break out of this consolidation. If the open interest is anything to go by, the signs seem to be bullish. Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com

Crypto Trading Platform Bitmex Reveals Exchange Token Called BMEX, Airdrop

The crypto trading platform Bitmex has announced the launch of its own native cryptocurrency called “BMEX,” following a slew of crypto platforms that have issued exchange tokens. According to the company, a user who registers and completes the KYC process will get five BMEX coins and ten tethers. Bitmex to Airdrop BMEX Tokens to Registered […]

What are some advantages of trading ETH in my retirement accounts?

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