Binance has refuted claims published in The Wall Street Journal that the exchange has conducted billions of dollars in crypto-related business in China, despite the country’s crypto ban.
Looking at the SEC press release, it appears HEX founder Richard Heart has been charged for the following offenses: conducting unregistered offerings of crypto asset securities that raised more than $1 billion in crypto assets from investors fraud for misappropriating at least $12 million of offering proceeds to purchase luxury goods Further, the SEC press…
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Unravel the power of NLP in spotting fake news with various techniques and real-world examples.
The Curve Finance exploit has created a liquidity crisis in the DeFi ecosystem and many lending protocols are rushing to minimize their exposure.
A handful of United States asset managers have filed fresh applications to launch Ethereum Futures ETFs.
On-chain data shows that Litecoin traders are showing signs of capitulation as the asset’s much-anticipated halving event is only a few hours away now. Is Litecoin Halving A Buy The Rumor, Sell The News Event? The “halving” here refers to a periodic event where Litecoin’s block rewards (that is, rewards that miners receive for mining blocks) are permanently cut down in half. This event takes place approximately every four years and the next one, which would be the third, is scheduled to happen in around five hours if data from the mining platform NiceHash is to go by. The LTC halving is only a few hours away now | Source: NiceHash This third halving event will reduce the cryptocurrency’s block rewards from 12.5 LTC to 6.25 LTC. Historically, these events have been important for the asset, as they mark points where the cryptocurrency’s production rate (which is nothing but the block rewards, as miners releasing these coins is the only way to mint new LTC) shrinks, and hence, the coin becomes more scarce. As these halving events are so significant, the market naturally speculates around them, leading to the coin experiencing volatility. In a new tweet, the on-chain analytics firm Santiment has revealed how the traders have been behaving in anticipation of today’s Litecoin halving. The data for the two indicators | Source: Santiment on X In the above graph, Santiment has attached the data of two metrics related to LTC: “social dominance” and the “ratio of on-chain transaction volume in profit to loss.” The former of these tells us what percentage of discussion on social media related to the 100 largest assets in the cryptocurrency sector is coming from Litecoin alone. Related Reading: Why Is The Bitcoin And Crypto Market Up Today? From the chart, it’s visible that this indicator has observed a large spike today, showing that investors are participating in a large number of discussions related to today’s halving. The other indicator keeps track of the ratio between the profit-taking and loss-taking volumes on the network. As displayed in the graph, this metric has taken a plunge below the 1 mark recently. The ratio being less than 1 implies that loss-taking is the dominant force on the market at the moment. The loss volume is not only more than the profit volume right now, but it’s actually outweighing it at a ratio of more than 2:1. Related Reading: BlackRock CEO Larry Fink Is The Best Thing To Happen To Bitcoin, Mike Novogratz Says This extraordinary loss-taking may be coming from the investors who purchased coins ahead of the halving believing it to be a bullish event, but as Litecoin has only gone down lower recently, the holders have panicked and are selling at losses in an attempt to avoid going further underwater. The high social dominance of the asset may also likewise be because of FUD-related discussions blowing up. Based on these signs, it’s possible that Litecoin may be going through a classic “buy the rumor, sell the news” event. LTC Price At the time of writing, Litecoin is trading around $91, up 1% in the last week. Looks like the asset has gone down during the past day | Source: LTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Santiment.net
The Chrome extension is called TooMuch – https://toomuch.wtf/, it auto compares swap rates, so you can always get the most out of your swap. It works on all major Ethereum DEXs as well as LSD minting like rETH and stETH. When you have a quotes on the page ready, the extension will grab the quote…
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Brad Garlinghouse stressed Ripple’s unchanged commitment to transparency but hinted that future reports might undergo some changes.
Link: https://rhinoreview.substack.com/p/rhino-review-ethereum-staking-journal-4ec Spanish Version: https://mirror.xyz/ethkipu.eth/KttWGqk086D2YQKvgZMv0Ua1Ec74-ZkVUfRvYiybj3c submitted by /u/armagancan [link] [comments]
BTC’s price strength attempts a comeback, but bulls run out of steam after briefly storming through key resistance levels.
