Category: Cryptocurrency News

https://opensea.io/assets/ethereum/0x495f947276749ce646f68ac8c248420045cb7b5e/27049594196472245420074827717182922677325396918684481489727734087119406104577/ submitted by /u/Royces_2xr [link] [comments]

Coinbase has announced it has secured regulatory approval as a virtual asset service provider (VASP) in Ireland, according to a company blog post published on Dec. 21. According to the company, Coinbase has been approved by Ireland’s central bank which means the company can “provide products and services to individuals and institutions in Europe and […]

Welcome to the Daily General Discussion thread. Please read the disclaimer and rules before participating.   Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading,…
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Bitcoin retail investor numbers are on the rise. These smaller investors have less purchasing power but with so many new entrants into the market following the 2020-2021 bull market, their collective purchasing power has grown alongside the total amount they hold. Retail Investors Hold 17% Of Supply Over the last few years, bitcoin addresses holding less than 10 BTC on their balances have been picking up more BTC supply. Recent data from on-chain data aggregator Glassnode shows that these small investors now hold 17% of the total BTC supply. Related Reading: Shiba Inu Welcomes 10,000 New Holders, Can SHIB Keep Up The Momentum? This subset of investors has grown by almost 50% in the last two years from around 12% to 17.3%, and a 0.5% increase in the last 30 days as data from Santiment shows the percentage of supply held by addresses holding between 0.001-10 BTC was sitting at 16.8% on Nov. 1, 2022. Interestingly, this BTC holder base had seen a significant decline at the start of November. This coincides with the collapse of the FTX crypto exchange, taking a good number of investor coins down with it. However, the recovery has been swift and retail holders are back to building their balances back up. Retail holders held less than 17% of supply on Nov. 1 | Source: Santiment The increase in retail investor numbers follows the same patterns as previous bull markets such as the 2017 bull market. This shines through in the fact that at the start of 2021, these small holders only account for 13.9% of all BTC supply. Is This Good News For Bitcoin? The accelerated adoption rate has been good news for bitcoin and was one of the main drivers behind the 2021 bull market. Looking back, the rise in retail holder numbers has always been good news for the digital asset. It propels the adoption of the cryptocurrency, as well as helps to distribute the total supply to more holders. Related Reading: Cardano (ADA) Falls Below Critical Point, Why There Is More Pain To Come Currently, the vast majority of BTC’s supply is still being controlled by large. With more retail investors buying coins, there is more demand for the digital asset. More demand leads to scarcity and scarcity begets higher prices. BTC losses footing at $17,000 to settle below $16,900 | Source: BTCUSD on TradingView.com However, it is also important to take into account the current crypto market climate. The ‘crypto winter’ is in full bloom, so the next bull market could still be another year away. Given this, adoption will likely help sustain the current price trend rather than trigger a rally. Nevertheless, the steady rise in wallets holding less than 10 BTC shows more interest from the broader investor community. It also marks significant accumulation among smaller investors during this time.  Featured image from Coincu News, chart from TradingView.com

SAND, the SandBox, has been free-falling since the month of August. The coin has registered a severe decline in demand, which has caused the crypto to lose further value. The asset has pierced through various support levels over the past few months. It lost 2.2% of its value in the last 24 hours. Over the past week, the coin has depreciated in double digits, which has caused the coin to reach a multi-month low on the chart. The technical outlook displayed that the coin has received very little demand, and the buyers have exited the market. The consistent fall in demand can be attributed to major market movers faltering on their respective charts. Support from the broader market remains crucial for The Sandbox (SAND) to recover. The technical outlook still points to the coin losing further value, which indicates that sellers can liquidate the asset and purchase it when it dips to sell it again when the value rises. The trading volume in Sandbox declined, indicating that the bears were in charge of the market. Related Reading: XRP Accumulation: Key Sharks And Whales Group Hits All-Time High Holdings SAND Price Analysis: One-Day Chart The coin was exchanging hands at $0.43 at the time of writing. SAND has been unable to maintain a price above $0.50 since the coin lost the $0.70 price. If The SandBox price stood above the $0.50 level, then there was a chance that the coin could propel the price further. Presently, the immediate resistance for the asset stands at $0.53. The price of crypto will rally if it breaks above $0.53. Conversely, if the altcoin dips, the first fall would be to $0.40 and then to $0.36. The zone between the $0.40 and the $0.30 can prove beneficial to traders as that would present a shorting opportunity. The amount of SAND traded in the last session was low, leading to increased sales. Technical Analysis SAND did not recover from the declining buying pressure throughout the month of December. The asset was now in the oversold zone. The Relative Strength Index (RSI) was at the 20 mark, which is undervalued territory. This indicated that the bears were still dominating. Usually, a visit to the oversold zone means that the price will bounce off to the upside. The asset price fell below the 20-Simple Moving Average (SMA) line, which meant that the sellers were driving the price momentum in the market. The other technical indicators also pointed towards the coin dipping, confirming that sellers could now benefit. The Directional Movement Index (DMI) was negative as the -DI line was above the +DI line; the indicator detects the price direction and momentum in the market. The Average Directional Index (ADX) was slightly above the 20-mark, which meant the price momentum for the asset was still low. The Parabolic SAR indicates the asset trend; the indicator was above the price candlestick, which meant that the coin depicted a downtrend. Related Reading: Chainlink Turns Bearish As Price Dips To 8-Month Low Featured Image From UnSplash, Charts From TradingView.com

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

I'm building a DApp and would like access to a history of transfers for users. Not just regular transactions, but internal transactions, block rewards, uncle rewards, transaction fees, erc20/721/1155 transfers, the whole lot, as well as balances (for example get all erc20 tokens owned by an address). Are there any API's that provide this? Anyone…
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Proposal: This proposal updates our events process to use community polls to determine event approvals and pricing. Currently, the mod team determines who is eligible for events and the pricing is a flat, dynamic price as laid out in CCIP-043. The new process would be as follows: Mods will confirm the notability, identity of the…
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Title says it all – I'm trying to study the implementation of the ERC20 standard they have used. I've scoured coinmarketcap, I've tried finding them on DeXes like Uniswap – no luck. submitted by /u/bm13131 [link] [comments]

2022 is coming to an end and during the last 12 months, the crypto economy has lost roughly $1.486 trillion in value against the U.S. dollar. On Dec. 20, 2021, bitcoin was trading for $46,406 and it has lost more than 63% in value year-to-date, while the second leading crypto asset ethereum shed 69% against […]