The central bank of the Philippines, Bangko Sentral ng Pilipinas, has announced that it will stop accepting crypto license applications for three years, starting next month. The central bank is the primary regulator of the crypto sector in the Philippines. Philippines Halts Accepting Crypto License Applications The Philippine central bank, Bangko Sentral ng Pilipinas, announced […]
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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PRESS RELEASE. Zug, Switzerland, 12th August 2022: GAIMIN announces the opening of its gaming and monetization platform to the gaming community. Following recently completed initial testing of its monetisation and gaming platform, GAIMIN.io ltd is opening up its gaming and monetization platform to 10,000 gamers during August and September. GAIMIN’s monetization application enables a user […]
Cardano has been one of the cryptocurrencies that have been able to hold despite the market crash. With the recent recovery, the digital asset has seen some movement, although it continues to trend around the same level without any significant swings upward. However, there are some things that are coming up for the network that suggests there might be some upward movement happening soon. The Awaited Vasil Upgrade The Cardano Vasil upgrade has been on that has been in the works for a while. It is a hard fork that is meant to make the network more developer-friendly, thereby encouraging more people to build on the blockchain. Related Reading: Will Ethereum Breach $2,000 Before The Merge? However, the hard fork has been the victim of multiple postponements, which have caused some shifts in the price of ADA. The first time the hard fork was postponed was back in June due to bugs that were found in the network. The next date had to be moved once more when the developers of the network were still not done with the bugs, as they wanted to make it safe to interact with. That has seen the launch date of the hard fork moved to August. But unlike the last two previous times that saw the upgrade postponed, Cardano founder Charles Hoskinson has assured the community in a video that he does not believe that there will be any more delays for the hard fork. ADA trending at $0.5 | Source: ADAUSD on TradingView.com Cardano founders recently released a document that showed that they had made a decision on the final node for the hard fork. The Node 1.35.3 had apparently fixed the pressing issues found in previous versions that had delayed the launch and provided some CLI enhancements according to them. So they expect the hard fork to launch successfully on the mainnet with this node. Cardano Price May Respond Well With a more definite answer on if the Vasil hard fork is close to completion, Cardano investors are more confident to begin making decisions regarding the token. ADA still remains stagnant at $0.5, but present accumulation trends suggest that there might be a turn in this soon. Related Reading: Ethereum Price Forecast Remains Bullish As Network Nears Another Milestone There is also the fact that the entire crypto market continues to rally behind the anticipation of the Ethereum Merge. Ethereum developers have said they expect the Merge to happen sometime in September, and with the Vasil hard fork expected to go live sometime before, it would put the two important upgrades close together. Anticipation of both of these events will likely feed each other, given they are both smart contract networks, and trigger an upward push in price. If all launches go according to plan, ADA is likely to hit $0.7 by the end of September. Featured image from Zipmex, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
It is a switch from Proof of Work to Proof of Stake consensus algorithm. The economical footprint of PoS is something like a 99.5% reduction in energy use, so it is more environmentally friendly. The merge WILL NOT affect fees or throughput (a latter upgrade around sharding targets that). ETH's issuance rate (about 4.5% inflation),…
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Is the Ethereum community going to let gov't thugs walk all over it? Is it going to let the gov't kill its dream of DeFi – decentralized finance? The arrest of the TornadoCash developer is not an isolated phenomenon. First they came for security tokens on Uniswap. Then they came for DEXes and told them…
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The U.S. government banning the ethereum mixing service Tornado Cash and the enforcement that has followed has the crypto community in an uproar about the event. A large number of crypto and privacy advocates have spoken out against the actions the government has taken so far, and the nonprofit advocacy group Fight for the Future […]
The price of Harmony (ONE) has shown bullish signs and could be set for a major run against Tether (USDT) as it eyes $0.04. Ethereum price rallied with so much strength from a region of $1,670 to $1,924 ahead of Ethereum merge. This has brought relief bounces for many altcoins including the price of Harmony (ONE). Related Reading: Ethereum Price Forecast Remains Bullish As Network Nears Another Milestone Ethereum merge is an upgrade on the Ethereum network from Proof-Of-Work (POW) to Proof-Of-Stake (POS) so as to increase its network efficiency in transactions. (Data feeds from Binance) Harmony (ONE) Price Analysis On The Weekly Chart From the chart, the price of ONE saw a weekly low of around $0.0168, which bounced from that area and rallied to a price of $0.02950. The price has built more momentum as it faces resistance at $0.037. If the price of ONE on the weekly chart continues with this bullish structure, it could quickly revisit $0.037 and trend higher to $0.04. Weekly resistance for the price of ONE – $0.03. Weekly support for the price of ONE – $0.0168. Price Analysis Of ONE On The Daily (1D) Chart The price of ONE found strong support at around $0.0266, with what seems to be an area of interest on the daily chart. ONE bounced from its support and has rallied as it faces resistance at $0.04. The price of ONE ranged in an asymmetric triangle before breaking out and forming support above it. At the point of writing, the price of ONE is at $0.02960, above the 50 Exponential Moving Average (EMA) with a price of $0.0266. If the price of ONE holds the support of $0.0266 successfully, we could see the price trending higher. If the price of ONE gets rejected, $0.0266, which corresponds with 50 EMA, will be good support for buys. The Relative Strength Index (RSI) for the price of ONE on the daily chart is above 65, indicating healthy buy bids for ONE. The volume for ONE indicates buy bids, this shows bulls would want to push the price higher. Daily (1D) resistance for ONE price – $0.04. Daily (1D) support for ONE price – $0.0266, 0.024. Price Analysis OF ONE On The Four-Hourly (4H) Chart The price of ONE has continued to maintain its bullish structure after a successful break above the asymmetric triangle and retesting to form a support. ONE is trading above the 50 and 200 EMA with prices of $0.0258 and $0.0242 acting as its support on the 4H chart, should the price of ONE gets rejected due to the weekend sell-off. If the price of ONE holds above the support of 0.02790 with a good volume, we could see the price trending to $0.04. In case ONE experiences a sell-off, 50 and 200 EMA prices would act as support for ETH prices. Four-Hourly (4H) resistance for ONE price – $0.04. Four-Hourly (4H) support for ONE price – $0.0258, $0.0242. Related Reading: Sandbox (SAND) Price Up 76% Since June Courtesy Of Metaverse Hype Featured image from TronWeekly, Charts from TradingView.com
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