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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Royal Bahamas police have arrested SBF at the request of the U.S. government, based on a sealed indictment.
The JPMorgan report is based on a study of cash transfers from banks to crypto accounts for over 5 million customers.
submitted by /u/DoubleFaulty1 [link] [comments]
Ethereum noob here.. A transaction for 0 USDC was iniciated and I received a notification in my mobile wallet, and I have no idea what just happened. No funds lost. doesn't look like a compromised priv key. the "from" and "to" address are my wallet, and my exchange's address which I recently sent to. https://etherscan.io/tx/0xb250aa5e6bf334e3299828ad2f1004cae6eb70b7d35fe781523198d7ddd76825…
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submitted by /u/pstbo [link] [comments]
The Ethereum price is trading laterally on its daily chart. The coin has moved south by 1.8% in that timeframe. Both the bulls and bears are trying to take over the market as the altcoin remains within a congested price zone. If the altcoin price is rejected at higher levels, the chance of a reversal might increase. This would mean that bulls represented an upper hand. Moving sideways, however, will bring the asset close to its local support line of $1,220. The current technical outlook indicates that the bulls have not exited the market. If the bulls remain in the market, a breakout above the $1,300 price mark can be predicted. In the event of continued consolidation, the chance of a move upward cannot be completely ruled out. The significant recovery often allows the traders to replenish their losses before the altcoin starts to trade southward. Traders might be presented with an opportunity to enter the market at $1,220 before ETH attempts to revisit the $1,300 price. Ethereum is trading at a price nearly 74% below its all-time high secured in 2021. Related Reading: Bitcoin Price Stuck In Key Range, Why The Bulls Remain In Action Ethereum Price Analysis: One-Day Chart ETH was exchanging hands at $1,251 at the time of writing. The coin has been swaying between the $1,220 and $1,300 marks. However, indicators have continued to side with the bulls as buyers have shown interest in the asset. Overhead resistance for the Ethereum price was at $1,260. After breaking through that barrier, the coin will face a new one at $1,300. On the flip side, falling from the $1,251 level will drag the altcoin to $1,200 and then to $1,170. The amount of ETH traded in the last session declined slightly, indicating some loss in buying strength. Technical Analysis The chance of Ethereum registering an uptick increases owing to the several bullish divergences on the chart. Bullish divergences are tied to the coin picking up momentum. The Relative Strength Index also spotted a bullish divergence, indicating that buying strength could get stronger. The RSI was just above the half-line, meaning buyers were more than sellers on the chart. The Ethereum price was spotted slightly above the 20-Simple Moving Average Line. This denoted that buyers were still in charge of driving the price momentum in the market. Other technical indicators for the altcoin continued to exhibit buying strength. The Moving Average Convergence Divergence portrays that price momentum continued to form green signal bars. The green histograms were the buy signal for the coin, which could further mean an entry point for traders. The Chaikin Money Flow (CMF) indicates investor interest by capturing capital inflows and outflows. CMF was positive as it was above the half-line, meaning capital inflows exceeded outflows. Related Reading: Ethereum Price Faces Rejection, Why ETH Holders Are Still Safe
Charles Hoskinson, Cardano (ADA) founder, has explained how the cryptocurrency’s future privacy protocol (Midnight) would work within their ecosystem. In a recent YouTube interview, he claimed that the planned integration would help establish a confidentiality network of smart contracts. According to him, Midnight aims to resolve the paradoxical issue of having privacy and disclosure of a protocol’s rules simultaneously. Related Reading: Quant Explains How This Nasdaq Support Retest Could Also Help Reverse Bitcoin The announcement yielded positive results, evident with a spike in on-chain activity. Data from Santiment on Cardano’s Age Consumed showed a movement of over 107 billion ADA (including old coins) on December 7. Cardano’s Growth Booster: New Privacy Protocols And A Surge In On-Chain Activity Below are the critical remarks made by Charles Hoskinson in the interview streamed on Corey Costa’s Crypto Coins YouTube channel. From a regulatory perspective, you’re not actually allowed to use blockchain systems [for privacy]. Why? There’s [the] Bank Secrecy Act, GDPR [General Data Protection Regulation], you have all these privacy departments. He continued: Anytime you could engage in a regulated business, there’s a privacy requirement because regulated business requires you to give away some personally-definable information, and there’s a privacy law on the other side of it that says you have to keep it a secret. Hoskinson further added, The problem is that if you try to do it in a blockchain setting, your private information becomes public to everybody… so it made sense to me to find a way to… create a confidentiality network, so like what Ethereum did to Bitcoin, where Ethereum said ‘we have programmability,’ Midnight does to [Cardano], where instead of having a privacy coin, what you do is you have a confidentiality network, you have smart private contracts. Cardano’s Midnight targets a general issue—concurrent privacy and disclosure legislation—that most blockchain protocols face. And the result is a surge in on-chain activity, which many experts believe would add more value to the network. Should You Buy Cardano Now? Please note ADA has a fixed maximum supply of 45 billion tokens maximum supply. This figure would eventually have an impact on the cryptocurrency’s value in the future when it reaches its max supply. The future value of this coin may depend on its new privacy technology. Related Reading: Luna Classic (LUNC) Price Under Bearish Pull Despite New Developments Cardano Crypto (ADA), according to CoinMarketCap, traded at a 3.33% loss. Even on its intraday charts, it prints a 0.12% loss. However, it experienced much volatility before grabbing profits. On the bright side, the token’s wallet addresses have increased, signaling a possible spike in demand. Possible catalysts could be the blockchain’s increased push for development. We can only wait to see how this surge affects the overall sentiment. Featured image from Pixabay and char from TradingView.com
Brazil is set to launch a Central Bank Digital Currency (CBDC) in 2024, a move that could contribute to its status as an economic leader in South America.
When staked eth is able to be withdrawn whenever the Shanghai upgrade releases shouldn't we see a considerable spike in staking rewards? (Assuming people withdraw their eth and those rewards are shifted to those who remain staking) Or am I missing something. Thanks in advance, submitted by /u/Mother_Plenty_2518 [link] [comments]
