Category: Cryptocurrency News

Tony Fadell, the man behind the iPod, iPhone and Nest Thermostat, collaborates with major crypto wallet firm Ledger to build a new cold wallet.

So I mostly trade Forex rather than crypto but i do like crypto a lot, but the disadvantages for small traders in Forex like me are hilarious in comparison to almost any other market on earth. The banks are basically playing a different game – the brokers get screwed. (https://financetrain.com/how-is-blockchain-disrupting-the-forex-trading-market). There seems to be some…
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Just like the title says, Is it possible to make a crypto wallet (like a cold storage) using a normal 3.0 USB? submitted by /u/Mountain_Agency_69 [link] [comments]

As one of the most famous Designer brand for clothing, Balenciaga is determined to evolve with the trend, which is also why they finally released their own long-awaited NFT, there is only one catch, you have to claim it on https://balenciaga.com/nft before 999 other people do. ​ Seeing the Balenciaga Speedrunners, Triple S, Track Sneakers…
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While CBDCs will cater to local demands, cooperation between countries could facilitate and support the widespread adoption of readily-available stablecoins.

Ethereum was in the red on Tuesday, as bears reentered the market following a failed breakout of a key resistance level. Prices failed to sustain yesterday’s move above $1,300, with momentum slipping in today’s session. Bitcoin was also lower, however is trading above $17,000 as of writing. Bitcoin Bitcoin (BTC) was consolidating in today’s session, […]

Bitcoin mining difficulty has dropped by its biggest margin since July 2021 amid difficult conditions for miners.

A Twitter user from the United Kingdom spent hours sending micropayments to strangers on the internet to demonstrate the Bitcoin Lightning Network.

The Bitcoin price has currently stabilized strongly around the $17,000 mark. However, the price could face further headwinds in the coming days, as the VIX exposes. The VIX is a real-time volatility index from the Chicago Board Options Exchange (CBOE). It was created to quantify market expectations of volatility. In doing so, the VIX is forward-looking, meaning that it only shows the implied volatility of the S&P 500 (SPX) for the next 30 days. Basically, if the VIX value goes up, the S&P 500 will likely go down, and if the VIX value goes down, the S&P 500 will likely remain stable or go up. This is exactly what was seen yesterday. The VIX bounced up to 19, a level that was last seen in mid-August. As a result, the S&P 500 lost the weekly support area at 4040 and fell 1.8%. In August, the last time the VIX was this low, it rebounded, and the S&P 500 fell 15%. The Importance Of The VIX For Bitcoin Besides the VIX and the S&P 500, it is important to understand that Bitcoin, with higher beta, is highly correlated with the S&P 500. This means that the Bitcoin price is more sensitive to changes in the market in both directions. As predicted by the VIX, BTC bounced off the $17,400 horizontal resistance yesterday and dropped below $17,000. Related Reading: Peter Schiff And Jim Cramer Present Their Doom Scenarios For Bitcoin, Cardano, XRP, Dogecoin In October, when the VIX was down, and the S&P 500 was up, Bitcoin experienced a black swan event with the FTX collapse, after which BTC fell to $15,500. Thus, the Bitcoin price did not enjoy the momentum of the VIX. At the moment, a possible reversal of the VIX at 19 could serve as a kind of sentiment barometer for the S&P 500 and Bitcoin for the next few weeks. The VIX is being compared to the 2006-2009 crash, a nasty outlook that would mean much lower prices. Analyst Sam Rule writes that the recent BTC rally following stocks is occurring at a time when the VIX is depressed to a level of 20. Although there has been a massive industry leverage wipe-out in the crypto industry, the stock market has yet to experience such an event. Given Bitcoin’s correlation with the S&P 500, this could mean another price drop, as Rule writes: Is 25% drawdown from ATH all we’re getting in S&P 500 this cycle during the popping of the great everything bubble? Would you expect #BTC to bottom here if SPX scenario fell >40% from ATH in coming months? SPX drawdowns from ATH 1-week, Source: Twitter Why VIX Has Limited Applicability To BTC However, the VIX should not be used as the sole deterministic indicator of future market direction. Why? The VIX relies on expectations set by past events rather than what will happen in the future. Investors are notoriously prone to irrational exuberance. Related Reading: Bitcoin Price Lacking Momentum Above $17k, BTC Holders Are Safe: Here’s Why In addition, the VIX cannot account for sudden, unexpected events that can cause strong market reactions. However, these events are key to identifying a change in market direction, such as a bear market bottom. Therefore, Bitcoin investors should also keep an eye on other factors, such as the upcoming decision by the U.S. Federal Reserve on further interest rate policy, further contagion effects in the crypto market, and other intrinsic factors, such as miner capitulation.

As the newest committee proposal nears completion, Tron will undergo dramatic changes. An update tweet states that the fee cap for smart contracts will be raised from 10,000 to 15,000 TRX coins. The developers believe this would mitigate the risk connected with smart contracts by reducing the number of low-value smart contracts created on the ecosystem. At the same time, it will greatly increase the #TRX staking rate and burning volume, further expand the #TRX deflation rate to 3.17%, and the annual burning volume of #TRX on the #TRON network will reach 5 billion. 👀For more analysis, please refer to: https://t.co/AM8YebxxvG — TRON DAO (@trondao) December 4, 2022 Let’s take a quick look at TRX’s performance: Improvements to the Tron ecosystem have boosted investor confidence. The indicators point to the formation of a robust uptrend. Price could rise to $0.05560 or higher on a rebound from the current level of $0.05274. As the burn rate of TRX increases with the increase in fee limit, the deflection in the ecosystem would also grow, from -1.39% to -3.17%. According to the developer’s Medium post, a rise in fee limitations would also impact the staking rate. In aggregate, the shifts herald the beginning of bullishness in TRX, however CoinGecko reports a 1.1% decline in the daily timeframe price of TRX. Will these changes influence the price of TRX? Related Reading: Axie Infinity Price On A Tear With 22% Spike In Last 24 Hours – How Long Can This Last? What The Coming Days May Bring For Tron There is an indication that TRX is beginning to rebound from the market downturn that followed the FTX disaster. In Tuesday’s trade, TRX shows a red candle at $0.05278. It would appear that the RSI statistics are bullish in the short and intermediate term, however this is negated by the fact that the RSI has a bearish crossover. Chart: TradingView The MACD indicator corroborates this. Despite the fact that the market appears to favor buyers, bearishness can still be observed as the EMAs of the MACD indicator trend downwards. Chaikin’s money flow index suggests that bulls are still in charge of the market, and this optimistic sentiment is reinforced by the MFI of TRX, which opposes the price decline. This indicates that the developing decline has no actual impetus. Investors and traders could rely on the $0.05 support, which halted additional declines on November 11, when both cryptocurrencies and equities collapsed following the November 10 release of the Consumer Price Index. Solid Bullish Momentum For TRX? According to Messari’s measures of volatility, TRX is relatively stable. This further reinforces the optimistic conclusion anticipated by the community. With Bitcoin’s price breaking past the $17K barrier and TRX’s increasing link to BTC, we can anticipate further bullishness. Even though the price trend is falling, a rebound from $0.05274 to $0.05560 and above is inevitable. Related Reading: Quant Shows Potential For Surge Beyond $150 – Can QNT Hit Its Target? TRX total market cap at $4.8 billion on the daily chart | Featured image: Freepik, Chart: TradingView.com