Category: Cryptocurrency News

On-chain data shows Bitcoin whales have continued to put selling pressure on the market as the price of the crypto now drops below $20k. Bitcoin Exchange Whale Ratio Has Spiked Up To High Values As pointed out by a post from CryptoQuant, the exchange inflows that followed the US CPI release lead to the price crashing 10% in only a couple of hours. The “exchange whale ratio” is an indicator that measures the ratio between the sum of the top 10 Bitcoin transactions to exchanges, to the total exchange inflows. Since the ten largest transfers to exchanges are usually from the whales, this metric’s value tells us how much of the total inflows are coming from these humungous holders. When the value of the ratio is high, it means whales are making up for a large part of the total transactions to exchanges. Such a trend can be a sign of dumping from this cohort. Now, here is a chart that shows the trend in the Bitcoin exchange whale ratio (EMA 7) over the year 2022 so far: The value of the metric seems to have been quite high in recent days | Source: CryptoQuant As you can see in the above graph, the 7-day exponential moving average of the Bitcoin whale ratio has been elevated recently. This shows that a big part of the recent activity on exchanges has been coming from these holders. Another indicator, the Spent Output Value Bands, tells us what the individual contributions to the inflows are from the different holder groups in the market. Investors are put into these cohorts based on the amount of BTC they are holding in their wallets. Related Reading: Bitcoin Bearish Signal: Miners Continue Transfers To Exchanges The below chart shows the trend in this metric specifically for the 1k to 10k BTC and 10k+ BTC holder groups. Looks like the two cohorts have been active in recent days | Source: CryptoQuant As the graph shows, both the whales holding between 1k to 10k BTC and those with 10k or more BTC have actively contributed to the exchanges recently. A few large spikes from them came right before the recent plummet in the Bitcoin price that took its value down to $20k. Related Reading: Amidst Volatile Market Uniglo (GLO) Keeps Surging Over 35%, Whilst Bitcoin (BTC) And RIpple (XRP) Struggling The quant in the post notes that later today’s values of the exchange whale ratio can be important in judging how severe its moving average is going to be. BTC Price At the time of writing, Bitcoin’s price floats around $19.7k, down 6% in the past week. The value of the crypto has dipped below $20k now | Source: BTCUSD on TradingView Featured image from Andrew Bain on Unsplash.com, charts from TradingView.com, CryptoQuant.com

The five fintech, payments and e-commerce firms will create front-end prototypes for the digital euro, which will not be used in later phases of the CBDC project.

Title describes the thing lol I've had some Ethereum for approx 14 months and have left it alone Received some Ethereum PoW today, but I don't mine. Is it a gift because I've had the Ethereum for over 12 months? submitted by /u/alwaysexplainli5 [link] [comments]

I have to admit, while I've been interested in Cryptocurrency since 2011, I never had any interest in NFTs. While I understand what they are and how they work, I saw the digital art NFT market as equivalent to many sh*tcoins. I expected that NFTs tied to physical assets would become the primary use case…
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NFTs are all the rage today. Among their multiple use cases, NFTs in games are one of the most popular utilities. Various industries, including games, music, sports, and more, are using NFTs for a wide range of purposes. NFTs can potentially change how users interact with each other within or outside the gaming world. Let’s find out how the top projects in the blockchain industry are leveraging NFTs and more about the Nine Chronicles NFT project. How is the Gaming Industry using NFTs? Game NFTs have multiple use cases. For one, they help ascertain ownership of in-game assets. This might be a sword a player has crafted, a character they have created, or even an artifact found while playing. The NFTs are stored on the blockchain and immutable, and players can sell or transfer them. In other words, in a traditional game, when a game shuts down, the players will lose everything they have earned. But that doesn’t happen here. Instead, the game-based NFTs are part of the blockchain, so players will have access to the NFTs they own, no matter the status of the game. And because these in-game assets are stored on the blockchain, it is also easier to gauge and prove their authenticity and rarity. Rare NFTs of course attract a higher price than common ones. Lastly, the decentralized games working with NFTs are interoperable. In traditional games, in-game purchases can only be used in that specific game. However, in the case of decentralized games, the assets of one game may be used in other games. Decentralized Platforms Using NFTs The blockchain industry has a lot of platforms and games using NFTs for several purposes in addition to in-game assets.  While there are many platforms leveraging NFTs and their capabilities,  three notable organizations are using NFTs across their platforms: Sandbox, Decentraland, and Silks. Sandbox is a decentralized metaverse space where people can buy land, create and buy buildings, and more. The collectible NFTs in the Sandbox space are called ASSETs used for in-game activities. Users can either acquire these ASSETs from the metaverse or create them with the VoxEdit tool. On the same lines, there is Decentraland, which is also a metaverse space allowing people to interact with in-game elements. Lastly, there is Silks, a play-to-earn metaverse game that has a rich world of virtual assets, all of which can be turned into NFTs. The player avatars and the horses players use for playing are both NFTs. They are tradeable and transferable on the blockchain. Nine Chronicles and the NFT Project “D:CC” Nine Chronicles has recently launched its NFT project, De:Centralized Cat (D:CC).. These PFPs are more than just profile pictures unique to every player and give them an alternative identity in the multiverse ruled by the one true Cosmic Cat God the Grrreat. In addition, each NFT grants its holders exclusive perks and in-game utilities. These NFTs are designed by Sangmi Seon (Caesty), an Art Director and NFT Creative Director with over a decade of experience in game art and design at top game companies including Nexon and Capcom. Nine Chronicles has recently announced its NFT minting date as the 21st of September. With this, they will get access to rewards, benefits, and unique in-game items. In total, there are 3000 NFTs to be minted. Of these, 2800 will go to the players accepted into the Pionyan programs. In addition, 200 will be allocated to the team. All NFT owners will automatically become members of the D:CC. Besides the in-game benefits, the NFT ownership also gives owners governance rights, which they can use to vote on future decisions.      

I think most of them are outdated after The merge. Also that dividing the total consumption by the transaction is not the best way, since you should include L2 transactions as well. Would like to have something comparable, like ‚doing a transaction‘ vs ,watching x min of youtube‘. Maybe someone has a good Ressource or…
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After the Eth migration, I have switched to mining RVN on my GTX 1080 ti. I know the algorithm is different but my hash seems really low (15 MH/s). I notice my clock speeds are low as well, is this expected? I am using the latest trex miner. ​ https://preview.redd.it/2w7gctmel9o91.png?width=781&format=png&auto=webp&s=b126a4149c69faecdd15b0f3fe575d6c5d7c9764 submitted by /u/MedicineMain834…
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Following Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoW) roughly five different crypto assets were the main beneficiaries of Ethereum’s former hashrate. However, 24 hours after The Merge, anonymous developers launched an Ethereum PoW fork called ETHW and the fork has managed to garner 60.92 terahash per second (TH/s) of hashpower. However, ETHW has lost […]

Equities markets are witnessing aggressive selling due to increasingly bearish macroeconomic factors, and this is adding sell pressure to Bitcoin and altcoin prices.

In one of three reports released simultaneously Friday, the Treasury Dept. talks cautiously about stablecoins and CBDC in the context of wider payment technology.