Category: Cryptocurrency News

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

In roughly three days Ethereum is expected to transition from a proof-of-work (PoW) blockchain network to a proof-of-stake (PoS) version via The Merge. Ahead of the transition, the liquid staking project Lido has seen a lot more activity as the value locked in the protocol increased by more than 13% this week. Moreover, the project’s […]

Surprise, surprise! NOT. Dogechain team tried to cover an exploit by announcing a "maintenance" to the public. This is yet another lie by the Dogechain team after misled everyone in its association with Dogecoin. A tweet below mentioned that "Exploiter managed to mint 9.7M wDoge (~$600k), 3M still remains in his wallet and about $100k…
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submitted by /u/InvestorCoast [link] [comments]

On-chain data shows the Bitcoin taker buy sell ratio has surged up to a high not seen since almost two years ago. Bitcoin Taker Buy Sell Ratio Observes Uplift In Recent Days As pointed out by an analyst in a CryptoQuant post, the taker buy sell ratio is now at its highest value in 636 days. The “taker buy sell ratio,” as its name suggests, is an indicator that measures the ratio between the taker buy volumes and the taker sell volumes. When the value of this metric is greater than one, it means the long volume is overwhelming the short volume right now. Such a trend suggests that a bullish sentiment is more dominant in the market currently. Related Reading: Bitcoin Stablecoin Supply Ratio Now Forms A “Buy” Signal On the other hand, the ratio being below this threshold implies taker sell volume is higher at the moment. This trend naturally hints that the market holds a bearish majority sentiment. Now, here is a chart that shows the trend in the Bitcoin taker buy sell ratio over the last couple of years: The value of the metric seems to have surged up in recent days | Source: CryptoQuant As you can see in the above graph, the Bitcoin taker buy sell ratio observed a spike in its value just recently. During this sudden increase, the indicator hit a high of 1.14, a value that it hasn’t seen since around 636 days ago. Related Reading: WATCH: Bitcoin Bottoms As Easy As Pi? | BTCUSD September 9, 2022 Since these latest values are higher than the “1” mark, the taker buy volumes are currently more dominant in the market. Incidentally, the last time these highs were seen was just before the 2021 bull run started. If a similar trend follows this time as well, then the current Bitcoin taker buy sell ratio values can prove to be bullish for the crypto’s price. BTC Price At the time of writing, Bitcoin’s price floats around $21.5k, up 9% in the last seven days. Over the past month, the crypto has lost 10% in value. The below chart shows the trend in the price of the coin over the last five days. Looks like the value of the crypto has observed upwards momentum during the past couple of days | Source: BTCUSD on TradingView After plunging down hard just two weeks ago, Bitcoin has seen some sharp recovery in the last few days as the crypto has regained the $21k level. Currently, it’s unclear whether this recovery will last, or if the coin will see a retrace soon. However, as mentioned before, if the taker buy sell ratio is anything to go by, then BTC may see a bullish outcome. Featured image from Jievani Weerasinghe on Unsplash.com, charts from TradingView.com, CryptoQuant.com

Why should miners mine ETH until the very end of pow ? I mean the merge does not care of them. Why should they ? They could stop or just switch coin mining before the end. Would it have an impact on merge or is it too late ? submitted by /u/IntelligentPlane7749 [link]…
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Misconception: "Running a node requires staking 32 ETH." False. Anyone is free to sync their own self-verified copy of Ethereum (i.e. run a node). No ETH is required. Not before The Merge, not after The Merge, not ever. ​ Misconception: "The Merge will reduce gas fees." False. The Merge is a change of consensus mechanism,…
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Should I move my Etherium from an app to a hardware wallet before the merge? submitted by /u/endless_looper [link] [comments]

The new directive of the Brazilian securities watchdog, the CVM, is now demanding specific changes to the cryptocurrency bill pending discussion in Congress. The organization wants to correct a loophole in the current document in which some tokens would not be considered securities, including tokenized physical goods and carbon credits. Brazilian CVM Presses for Changes […]

A bear market for now nearly a year is nothing small and once again showed that even at the highest point euphoria we are still pretty much vincible and can fall off just as quickly. And then obviously the extraordinarily bad macro economy made it one of the worst bear markets ever. After all this…
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