Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Stablecoin Failures Highlight The Need For Crypto Audit Standards

submitted by /u/sacred_thinker [link] [comments]

You guys remember the Arbitrum Genesis NFT, which was posted in this sub back when Arbitrum launched?

So right on the first day Arbitrum launched, one redditor decided to create the very first NFT collection there, called Arbitrum Genesis NFTs. They were free to claim. More of the story here: https://www.reddit.com/r/ethereum/comments/pftnwi/i_made_a_free_nft_for_early_arbitrum_adopters/ It seems like most people forgot about them, but today I sold one for .20 ETH on TofuNFT. So if you…
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9 red weeks

It's official. New record since last week. Nine red weeks for the king. What does this mean? It means obviously that we are in a bear market, that should go without being argued. It also means we are in unfamiliar territory with this bear market in particular. This downtrend has lasted longer than the bear…
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Bitcoin (BTC) At $29,000, How Long Will The Consolidation Continue?

Bitcoin remained consolidated over the last 24 hours, altcoins however, have dipped on their charts. Over the last week, the king-coin continued to register lateral price movements on the charts. Ever since November, 2021, price of Bitcoin has consistently moved on the downside. On the longer time frame, Bitcoin has continued to show signs of upcoming bearishness. On a comparatively, shorter time frame the king-coin might be hinting at a price reversal. Over the last 24 hours BTC made no gains. In the last week, it lost about 2% as the coin was mostly consolidating. Currently, BTC is sandwiched between $28,000 and $29,000 as those two levels have been acting as the coin’s crucial demand zone. The buyers seem to have clearly given up on the initiative to lead the price action and with continued strength from sellers, BTC might be eyeing the $20,000 price level. Bitcoin Price Analysis: One Day Chart BTC was priced at $29,100 at the time of writing. The coin had formed a descending channel ever since November 2021 highlighting an extended bearish phase. The coin has touched $69,000 in the month of November, which is considered the all-time high for the coin. Currently price of BTC is laterally trading between $29,000 and $28,000. A fall below which can push price of the coin to as low as $19,000. Overhead resistance for the coin stood at $30,000 and for bearish thesis to be invalidated BTC needs to trade above $31,000. Broader market strength and buyers will be required in order to BTC to move northwards on its chart. Technical Analysis Bitcoin’s short term time frame looked optimistic pointing towards a price reversal on the charts. The coin formed a descending wedge pattern on the chart (yellow). A descending wedge pattern is related to a trend reversal and that can be considered bullish for BTC. Usually after a period of consolidation, explosive price actions are often due. On the Relative Strength Index, the indicator climbed and reached the 50-mark which meant buyers were returning in the market. This signified positiveness in the market. Price of BTC was still under the 20-SMA which meant that sellers were still driving the price momentum. An increase in buying strength can push BTC above the 20-SMA line. Related Reading | Bearish Indicator: Is Bitcoin Headed For Its Ninth Red Weekly Close? Technical outlook on the four hour chart all point towards a price reversal. The Awesome Oscillator dictates the price momentum in the market. AO flashed green histograms which is also tied with a buy signal which reaffirms the readings on the RSI. The Bollinger Bands displays price volatility in the market, and if the bands are tight and constricted and period of price volatility could be expected. This could mean that over the upcoming trading sessions BTC might aim to rise above its immediate resistance level provided broader market and buyers extends support. Related Reading | Ethereum Slips, What Are The Next Vital Trading Levels For The Coin?  

‘Big Short’ Investor Michael Burry Warns of Looming Consumer Recession, More Earnings Trouble

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of a looming consumer recession and more earnings trouble. He cited falling U.S. personal savings and record-setting revolving credit card debt despite trillions of dollars in stimulus money. Michael Burry’s Recession Warning Famous investor and founder of investment firm Scion Asset […]

Thinking about listing for sale an ENS domain.

The crypto Ethereum blockchain domains (ENS) are on fire nowadays! Even more within the NFT and Metaverse communities. I just got this SamuraiNFT.eth one, and I'm thinking of listing it for sale. How much do you think it could be worth? Especially if you're a Samurai dude 👹 😉 submitted by /u/emonk [link]…
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Daily General Discussion – May 30, 2022 (GMT+0)

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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Crypto/ Stable coin/ Luna/ more news 📰!BITCOINE!!!

submitted by /u/KingdomPro [link] [comments]