Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Monverse Come With A Simple Mission Lead The Way To GameFi – 500,000% APY- Presale on pinksale – Game Live – SolidProof Audit

https://preview.redd.it/pacwrrj8ctb91.png?width=1875&format=png&auto=webp&s=e03849b66e84281605e0c6ae13360bcaa6fe1691 Monverse is a multi-chain battle and system game, initially planned and created on BSC. The game, motivated by the beasts, heroes and bowmen, spins around gathering and overcoming animals that have scattered the whole way across the blockchain. The game is, both player-versus-player PVP, and Player- versus-the-climate PVE. In its both ongoing interactions, the…
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Bitcoin Marks One Month Of Negative Funding Rates, More Decline Incoming?

Bitcoin funding rates had first fallen below the neutral level last month. Before that, the funding rates had been fluctuating at and below neutral for the longest time. This new trend has lasted longer than expected as the digital asset’s price continues to struggle. In this report, we take a look at the state of bitcoin funding rates as well as the implications if the present trend continues. Funding Rates Below Neutral When bitcoin funding rates had first fallen below neutral in June, the price of the digital asset was still trading well above $30,000. Since then though, multiple crashes and dips have seen the cryptocurrency lose more than $10,000 of its value and continue to struggle to hold above its previous cycle peak. Related Reading | Mid Cap Crypto Coins Lead In July, Best Way To Weather The Winter? However, despite the minor upward corrections that have been recorded since then, the funding rates have refused to budge. At the time of this writing, the funding rates have now spent a complete month with below neutral numbers. Binance and Bybit are some of the most prominent platforms when it comes to calculating funding rates and the last time the crypto exchanges had seen funding rates in the neutral level since bitcoin’s fall from $30,000 had been in mid-June. Instead, the funding rates have begun to mirror the movement of price and have not recovered since then.  Funding rates remain below neutral | Source: Arcane Research This comes despite a surge in the bitcoin open interest last week which reached a new all-time high. So the funding rates have deviated from the open interest and are now following the low yield rates that are being recorded in the market.  Will Bitcoin Recover? With bitcoin’s price above $20,000 once more, there has been some positive sentiment returning to the market. However, it remains shaky given that there is not a lot of support left at this point and the price can easily be pulled down by the bears. This is why the decline in the bitcoin funding rates remains a concern. Naturally, the funding rates are expected to see an increase when the price of the digital asset has declined as much as it has. But the opposite has been the case so far, meaning that there is not a lot of new money coming into the space, if any. BTC recovers just below $21,000 | Source: BTCUSD on TradingView.com For a prominent recovery in bitcoin’s price, an uptick in funding rates would need to be seen. When sentiment picks up among perp traders, the broader market is sure to follow.  Related Reading | Bitcoin Price Spends Four Weeks At 2017 Peak Prices, What Comes Next? Additionally, the inflation rate from the CPI report on Wednesday was higher than expected. While that has resulted in a spike in the price of bitcoin, it has been a short one. For this to hold, the market needs to see more buying momentum. Featured image from CNBC, charts from Arcane Research and TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

Crypto Biz: 3AC’s founders are nowhere to be found

Liquidators don’t know the whereabouts of Kyle Davies and Su Zhu. Meanwhile, Grayscale’s legal officer says the asset manager’s lawsuit against the SEC could take a while to play out.

Circle Claims USDC Stablecoin Is Now Fully Backed by Cash, US Treasuries

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Finder’s Fintech Experts Predict Cardano Will End the Year at $0.63 per Unit

Following the recently published bitcoin price prediction report issued by the product comparison web portal finder.com, the site’s researchers polled 53 financial technology (fintech) specialists in order to forecast the future value of cardano (ADA). According to the survey’s participants, cardano is expected to end the year at $0.63 per unit and 51% of the […]

SEC commissioner Allison Lee departs, readying financial regulator for Jaime Lizárraga

The U.S. Senate has already confirmed the nomination of Allison Lee’s replacement, Jaime Lizárraga, to work at the SEC for a term ending in 2027.

Time to accumulate? 5 sectors to watch during crypto winter

Crypto prices have dropped to multiyear lows, raising the question of which assets from which subsectors are ready for accumulation.

is now the time to buy more eth?

I bought my first eth somewhere in the beginning of the crash I think it was around 2k now eth is going up again its around 1200 right now is it worth the buy? submitted by /u/Equivalent_Dig9441 [link] [comments]

US lawmakers ask about EPA, DOE monitoring of crypto mining emissions, energy consumption

U.S. legislators suspect cryptomining is “problematic” for energy use and emissions, while Paraguay is ready to give the crypto industry, including miners, incentives.

Terra’s Plot Thickens: Prosecutors Uncover Secret Subsidiary Used As Fund Channel

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