Category: Cryptocurrency News

Any good papers or resources explaining the different layer 2 protocols? submitted by /u/Barbarossabros [link] [comments]

Bitcoin remains the most-searched cryptocurrency in 2022 by far thanks to its top-brand status and being in a league of its own when it comes to decentralization.

Here’s a link to the article I wrote about JADE come check it out. https://medium.com/@TheJadeTuzi/dont-miss-out-on-jade-the-high-demand-low-supply-cryptocurrency-with-a-bright-future-ahead-8f887f09fd1b submitted by /u/Educational_Fun1677 [link] [comments]

After a tough week for Dogecoin (DOGE) investors, there was at least a small Christmas present from the European crypto exchange Bitstamp yesterday. The fifth-largest exchange by spot trading volume, according to recent data from CoinMarketCap, announced that it will list Dogecoin. Bitstamp, which is based in Luxembourg, allows trading between fiat currencies and Bitcoin, as well as other cryptocurrencies. As of yesterday, Dogecoin (DOGE) can now be exchanged for euros and USD. “We’ve launched Dogecoin, the cryptocurrency inspired by the popular Shiba Inu meme, for our customers. Buy and trade DOGE on Bitstamp today!” the exchange wrote. Related Reading: Bitcoin Price Poised To Rally Big-Time On Today’s PCE Release Dogecoin Price Shows Slight Recovery Driven by the news, DOGE recorded a slight upward move today, causing the Dogecoin price to rise by 5% temporarily. At press time, DOGE was trading at $0.776. Thus, DOGE had already lost some of its profits again and is only 2% above the previous day’s price as of press time. The news has also caused Dogecoin to see a brisk increase in 24-hour trading volume. Compared to the previous period, DOGE’s trading volume spiked by 76%, totaling $590 million. Still, the DOGE army has failed to push the price above the key resistance at $0.0791. A look at the 4-hour chart reveals that the price is still in strong bearish territory. If DOGE fails to break through the aforementioned resistance, a retest of the support at $0.0700 seems likely to happen. A look at the 1-day chart also reveals that Dogecoin has been in a descending trend channel since the beginning of the month. After trading as high as $0.114 on December 5, DOGE is currently trapped in this descending trend. A close significantly above the $0.0776 level would mark a breakout from the trend channel and could bring new hope. As NewsBTC reported, DOGE investors can hope for a positive boost from today’s release of the core Personal Consumption Expenditures Price Index (PCE). If the data comes in significantly below expectations, what seems very like to some analysts, the US dollar could weaken and boost risk assets such as DOGE. Related Reading: Dogecoin (DOGE) Climbs 2.58% In 24 Hours, Can It Reach $0.1 Before The Week Runs Out? Is The DOGE Community Losing Faith? The current downward trajectory comes after Dogecoin’s biggest and most influential fan, Elon Musk, has gone relatively quiet. After the Twitter acquisition, Musk was still very active in promoting DOGE. The Tesla CEO hinted several times that Dogecoin could play a role in Twitter’s future path. However, in the past week, there were two harsh dampers for the DOGE army. On the one hand, a vote ended with Musk stepping down as Twitter CEO in the coming weeks, and on the other, the platform introduced a new chart feature for Bitcoin and Ethereum, but not for the meme coin. Featured image from Kanchanara / Unsplash, Charts from TradingView.com

Narratives dominate cycles, and in my opinion I believe these are going to be among some of the best performing tokens next cycle. It needs to be mentioned, out of these, only Polygon has a token currently. These are the tokens which belong to the following Layer 2 networks: Taiko (TYPE 1) StarkNet (TYPE 4)…
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There is enormous negative sentiment surrounding USDN. And with USDN continuously falling off its track, it’s also pulling WAVES down. WAVES is the native token of the Waves blockchain. According to CoinMarketCap, the token is up by 0.23% or trading at $1.57 as of this writing. There is very little improvement with its current figures. Token up by 0.23% or trading at $1.57 USDN extremely volatile Crypto down by 45% in the past couple of weeks Waves blockchain confirmed the plunge of the Neutrino USD (USDN) stablecoin but insisted that the USDN, while built on top of the ecosystem, is completely detached from WAVES.  Related Reading: VeChain Jumps By 4% As VET Investors Look To Profit Before Christmas Nevertheless, as the value of USDN declined, it seems to be pulling WAVES further down as well. Stablecoins are digital currencies whose value is anchored to that of a stable value asset, such as a fiat currency or a commodity price. The excessive volatility of Bitcoin (BTC) and other major cryptocurrencies has made crypto investments less appropriate for everyday transactions; stablecoins try to address this problem by providing a more “stable” alternative. Image: Altcoin Buzz WAVES Down By 99% Off Its April 2022 ATH Blockchain founder Sasha Ivanov has urged different crypto exchanges on Wednesday to cut off the futures markets that are connected to the crypto as she insists that it’s doing more harm than good. The crypto exchanges included Kraken, Bybit, Binance, and OKX. Ivanov on a Twitter post said: “They are a breeding ground for FUD and making money off short positions, profitable because of it. I kindly ask all centralized exchanges to disable Waves future markets.” Evidently, the blockchain native currency has nosedived by more than 45% as seen in the past couple of weeks. In fact, its numbers now are completely off-track as it’s down by as much as 99% from its ATH as seen in April 2022. Stablecoin Acting Erratic Lately USDN has been extremely volatile.  The token’s most recent de-peg came following South Korea’s digital asset exchange association issuing a warning. Related Reading: MATIC Seen Breaking Present Support With Sustained Momentum Crypto total market cap at nearly $774 billion on the daily chart | Chart: TradingView.com According to Wu Blockchain, the Korean Federation of Exchanges (KFE) has issued an “investment warning” for WAVES. The reason for this is because of the erratic price movements of the USDN stablecoin, which is intended to keep its $1 peg at all times. WAVES was flagged as an “investment warning” by the Korea Federation of Exchanges. The reason is that the USDN stablecoin has been fluctuating rapidly. Upbit will decide whether to terminate the transaction within two weeks. https://t.co/wiB5gSfm7f — Wu Blockchain (@WuBlockchain) December 8, 2022

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

Ethereum edged closer to a key resistance level of $1,230 on Dec. 23, as markets continued to react to better than expected U.S. GDP data. Gross domestic product in the United States was revised higher to 3.2%, better than the 2.9% expected. Bitcoin mostly consolidated in today’s session, with prices trading near the $16,800 mark. […]

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

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