Category: Cryptocurrency News

The company is facing a cash flow crisis due to tough market conditions.

In this episode of NewsBTC’s daily technical analysis videos, we examine major Bitcoin price troughs with Hurst Cycle Theory and cyclical tools to consider if the bottom could be in and if another bubble is coming. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): November 7, 2022 In this video, we use Hurst Cycle Theory and its several key principles to go through the process of phasing out Bitcoin market cycles to predict when the cryptocurrency will begin to rise again. Cycle analysis consists of visual analysis, using a spectrogram, phasing the dominant cycle, phasing any internal wave harmonics, then completing the phasing process on the chart. Here is a closer look at that process: Related Reading: MATIC On The Move After Polygon Tapped By META | MATICUSD November 3, 2022 Bitcoin Cyclical Behavior Analyzed To assist with the visual analysis, each Bitcoin halving has been included. The halving has been a widely-discussed driver of internal supply and demand mechanics. We know that Bitcoin bottoms out visually prior to each halving. The log growth curve has also been included for visual assistance. The next step is to turn on a spectrogram. A spectrogram is a visual heatmap of the spectrum of frequencies of a signal as it varies with time. The more green heat, the stronger the bullish intensity. In contrast, the more purple heat on the map, the stronger the bearish intensity is and that’s where we would look for a cyclical bottom. Within each purple zone we would find our cyclical trough for dominant cycle phasing. Is a new Bitcoin cycle about to begin? | Source: BTCUSD on TradingView.com Related Reading: Litecoin Recovery To End Ongoing Crypto Darkness? LTCUSD November 2, 2022 Why This Bear Market Felt So Extreme The next step would be to confirm the dominant cycle by phasing out any harmonics. According to Hurst Cycle Theory, harmonics in cycles come in twos and threes. Essentially, from each major trough to trough, there should be one to two mid-cycle dips.  Not only does defining the mid-cycle harmonics assist in confirming dominant cycle phasing, but it does also help prove Hurst cycle theory to be accurate. Notice that cyclical troughs tend to bottom in tandem, while the principle of summation explains why the recent selloff felt so long and extreme – it was the sum of a larger composite wave and a smaller harmonic wave combined. Each correction was in near-perfect harmony | Source: BTCUSD on TradingView.com Related Reading: Bitcoin And The Dollar Reach Inverse Inflection Points | BTCUSD November 1, 2022 Why BTC Is Gearing Up For Another Bubble Cycle The final step is completing the phasing. For added confirmation, the Fisher Transform is used, which helps to pinpoint precise turning points in markets, as well as the Stochastic RSI. In this system, the Fisher Transform highlights the potential turning point, while the Stoch RSI rising from oversold levels confirms the new bull run. Is this the turning point in the bear market? | Source: BTCUSD on TradingView.com A Comparison With The Last Crypto Market Bottom Considering the potential of a bottom in this area, it is worth examining past bottom behavior. Comparing the current Adam and Eve bottom setup to the 2018 bear market bottom is strikingly similar, albeit on a much grander scale. When compared using the three-day timeframe and a set of three slow, moderate, and fast moving averages, the fractal could take Bitcoin price to around $100,000 per coin by the end of Q1 2023. Will BTC close 2022 headed towards new highs? | Source: BTCUSD on TradingView.com Learn crypto technical analysis yourself with the NewsBTC Trading Course. Click here to access the free educational program. Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.co

I'm talking about systems that use trusted execution environments (TEEs) as a basis for building a smart contract platform. As far as I understand it, Phala (for example) has everything everyone's always wanted but never got from a smart contract platform: Privacy: Smart contract data and call parameters are hidden from everyone except the contract.…
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Our position should be If we cannot have real defi The US cannot have meaningfully sucessful Fintech 2.0 We can and should actively demolish and defame any normalization of it, absolutely execute it in the town square, no mercy, no grace, no forgiveness, scorched earth. submitted by /u/samdane7777 [link] [comments]

It appears that the leaked private key caused a change of ownership in the compromised smart contract 70 days prior.

The previous week’s crypto market looked so bullish as many altcoins rallied with over 100% gains in less than two days, with the likes of DOGE, BAND, and MASK running the show creating the feeling of euphoria that comes with the bull market. The price of Bitcoin (BTC) closing the week on a high ahead of a new week was a good sign, but there have been mixed feelings as the price of BTC dropped to a region of $20,600. In the face of that, the price of some altcoins has continued to look green in the face of the bear market, with many exciting projects coming up and other projects gaining more attention in the crypto space due to the community and partnership deals. Let us discuss on top 5 cryptos you should pay attention to this week. Related Reading: Bitcoin Funding Rates At 6-Month High, Long Squeeze Alert? Disclaimer: The picks listed in this article should not be taken as investment advice. Always research and never invest more than you can afford to lose. Top 5 Cryptos- Bitcoin (BTC) Price Analysis On The Daily Chart From the chart, the price of BTC was rejected from $21,500 with a bullish bias as the price rallied from a region of $19,200 with good volume.  BTC is currently trading at $20,800 when writing this article. The price of BTC looked strong, holding up its support at $20,500 with high hopes of rallying back to the region of $21,500-$22,500.  A breakdown below this $20,500 support holding the price of BTC could see the price going lower to a region of $19,000 which is seen as a demand zone for BTC prices over the weeks. Price Analysis Of Ethereum (ETH) On The Daily (1D) Chart The price of Ethereum in recent weeks outperformed BTC after showing a bullish trend ahead of “The Merge,” rising to a region of $2,030. ETH price was rejected from $1,630 with what seems to be a resistance for ETH price to trend higher. The price saw a sell-off to a region of $1,570 at the point of writing. The price of ETH is trading above the 50 Exponential Moving Average (EMA) on the daily timeframe. If the price of ETH breakdown below $1,500, we could see the price retesting $1,400-$1,300 as a key support region with high demands.  Top 5 Cryptos- Price Analysis Of Binance Coin (BNB) On The Daily (1D) Chart The price of BNB was rejected from its resistance of $335 after successive trials but was able to break and close above it, rallying to a high of $350 before facing resistance to a region of $400.  BNB has maintained its bullish structure despite the rejection. A break of about $290 could see the price of BNB retesting the region of $250 as support. BNB has found good support at $300, corresponding to the 50 EMA. BNB needs to hold above to have a chance of trending higher. Price Analysis Of Chainlink (LINK) On The Daily (1D) Chart The price of LINK has continued to show bullish trends holding well above the range channel after a successful breakout.  Despite the pullback across crypto assets in the market, LINK has continued to look strong. The price of LINK needs to break and close above $9.2 for the price to rally to a region of $10 ahead of its anticipated staking.  Price Analysis Of LTC On The Daily (1D) Chart LTC has formed a bullish pattern after breaking out of a range channel and forming support at $65. If LTC holds this support area and as the market bounces to the upside, we could see the price of LTC retesting $90-$100, acting as resistance for the price. Related Reading: Solana Plunges 12% – Is FTX Selling Its SOL To Defend FTT? Featured image from zipmex, Charts from TradingView.com 

These past weeks have been quite extraordinary. The federated social network and microblogging system Mastodon has been growing at an incredible rate as users migrate away from Twitter. We see that it crossed 6,132,414 users today and is growing at over 5k/hour. See here for stats: https://bitcoinhackers.org/@mastodonusercount Thousands of new instances are being set up.…
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Despite a common mantra about the nonpartisan nature of crypto, there are certain correlations evident ahead of the United States elections.

FTX seems to fall deeper into its despair pit without any anchor. The crypto exchange is facing several issues threatening the stability of the firm. First, there appears to be an ongoing war between FTX and the Binance crypto exchange. This is presumed to involve their respective CEOs, Sam Bankman-Fried (SBF) and Changpeng Zhao (CZ). Binance announced its plans to liquidate FTT token holdings, which it has carried out. There’s still no explanation for Binance’s sudden lack of interest in the FTT tokens. However, some opine that Binance may consider holding FTT tokens as a liability on its record. Related Reading: What Happens To Dogecoin If Twitter Fails To Implement Crypto Plans? Following Binance’s liquidation of FTT tokens, things are becoming more complicated for FTX. The latter now suffers delays in processing Bitcoin and stablecoins transfers for its clients. The natural outcome of events is reducing users’ confidence in FTX. FTX is currently witnessing the collapse of its Ethereum (ETH) reserves. According to data provider, CryptoQuant, the exchange has lost almost 300k ETH over the past two days. At the moment, the Ethereum reserve of FTX is about 108,246.43. This stands as one of the vast drops recorded since November 2020. FTX Makes Moves To Fix ETH Reserves Reports on the situation revealed that FTX is making some moves to build up its ETH reserve. The firm is using its subsidiaries and other crypto exchanges. For example, Nansen data disclosed that Alameda, owned by SBF, has transferred 26,600 ETHs to FTX within the past day. This transfer left Alameda with a balance of 9,325 ETH. Also, Alameda has sent vast amounts of stablecoins to FTX hot wallet using other crypto exchanges. As per data from PeckShieldAlert, FTX has removed liquidity of 1,985 ETH from Gearbox Protocol. Also, Blockfolio, another SBF company, transferred about 13,555 ETH to FTX. Currently, the crypto exchange’s node throughput is limited, making it challenging to process Bitcoin withdrawals. Also, users of the FTX platform now complain that transaction delays for 5 to 10 hours before executions. Related Reading: Why Ethereum Would Have Been A Better Investment For MicroStrategy Additionally, the creation and redemptions of stablecoins from the exchange have slowed. But the exchange blames banks for the slowdown in stablecoins creations and redemptions. It mentioned that wire transfers would clear on Monday once banks have opened. FTT Tokens Dips By 10% The CEO of Binance crypto exchange, CZ, announced the firm’s plan to liquidate its FTT holdings. CZ mentioned that the action would commence in the next coming months. This announcement negatively impacted FTT as the token dipped by 10% over the past 24 hours. The coin even hit a low of $22.32. However, FTT has started showing signs of recovering due to little volatility in the crypto market. At the press time, FTT is trading at $22.33. Featured Image From Pixabay, Charts From Tradingview