Category: Cryptocurrency News

submitted by /u/unitys2011 [link] [comments]

Am I being overly cautious and missing out, thinking that 99% of YT video are people scamming and just promoting their bags to offload at a higher price? Is there any channels worth following for general updates and knowledge, that are not just promoting certain coins/exchanges. Any recommendations for other sources to use for keeping…
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Ethereum has experienced a mild setback after breaking the important barrier at $2,000 and continues to trade in the green over today’s trading session. The cryptocurrency is leading the current crypto market relief and sees poised for further gains. Related Reading: Lightning Speed: Taro Wants To Abolish Cross-Border Payments, Disrupt The Market At the time of writing, Ethereum (ETH) trades at $1,980 with a 6% and 15% profit over the last 24 hours and 7 days, respectively. Only Solana (SOL), and Cardano (ADA) come close to ETH’s price gains with double digits profits over the same period. Trading firm QCP Capital believes the bullish momentum is on track to extend on the back of positive macro-economic factors. The crypto relief rally took off last week when the U.S. published the Consumer Price Index (CPI) July print, a measure of inflation in the dollar. The metric stood at around 8.5% and, as QCP Capital said, “confirms the peak inflation narrative”. Thus, market participants expect a less aggressive Federal Reserve (Fed) as inflation appears to be trending down. The trading desk said: This has led to the market pricing a more dovish Fed, creating bullish momentum that is likely to continue until the next FOMC meeting on 22 September. In the coming weeks, there are other macro-economic events that could negatively impact market participants’ perceptions about the Fed. However, QCP Capital believes the market will “remain supported regardless”. For the price of Ethereum, the bullish narrative is double as there is a tentative date for the mainnet implementation of “The Merge”, the event that will complete ETH transition to a Proof-of-Stake (PoS) consensus. The event is expected to take place between September 15 to 16. This has led to an “unprecedented” shift in the crypto options markets, the total open interest (OI) for ETH contracts has overshadowed Bitcoin (BTC) open interest. The former stands at $8 billion and the latter at $5 billion. What Could Become An Obstacle For Ethereum’s Bullish Momentum The above might suggest market participants are buying call (buy) options for Ethereum heading into “The Merge”, counting on the event to be successful. In the spot market, data from Material Indicators shows that investors with bid orders from $1,000 to $100,000 have been buying into ETH’s price action over the last week. If large investors continue to support Ethereum, the bullish momentum could sustain, as QCP Capital expects. However, Bitcoin should see more upward pressure to support any long-term bullish price action, as NewsBTC previously reported. Related Reading: Decentraland Consolidates Near $1.05 – Can MANA Attract Buyers Now? Additional data provided by Material Indicators records thin resistance for ETH’s price, on low timeframes, north of $2,050. If bulls can push the price beyond those levels, ETH could reclaim its previous highs and turn critical resistance into support.

If I used tornado cash simply for yield farming BEFORE the sanctions am I ok in the eyes of the law? submitted by /u/Clintendo [link] [comments]

How do you make a decentralized stablecoin resistant to state attack? It requires dynamic hedging with high liquidity onchain derivatives, fully collateralized but hedged This doesn't work if the margin used on the protocol is volatile, it cannot be done without real world assets Those real world assets can not be based on central entities…
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submitted by /u/HeirOfRhoads [link] [comments]

In one move, US government has shown that they OWN (centralized) Defi sham. They have infura, stablecoins, all the dapps (everything centralized). Only thing they don't have right now is consensus BECAUSE of proof of work. After proof of stake (CEXes, Lido, VC + node operators) they will OWN literally everything. POS is a disaster.…
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Decentraland (MANA) shows an uptick after it has successfully breached a critical supply level adjacent to $0.9405. Decentraland (MANA) on an uptrend following breach on critical supply mark near $0.9405. MANA price remains bullish with a daily candlestick hovering above $1.0605 hinting further gains. MANA price plunged for the second straight session spotted on Saturday. Current price analysis also shows a prolonged consolidation as a couple of candlesticks would need to close higher than its current level in order to sprint further. Related Reading: Shiba Inu (SHIB) Buildup At This Price Level Could Be Favorable MANA Trades At $1.07 According to CoinMarketCap, MANA/USD trades at $1.07 or up by 2.43% as of press time. The 24-hour trading volume improved a bit compared to a couple of hours ago and is currently riding at $148,165,816 or down by 13.47%. MANA price was down by 28% a couple of hours ago so this is definitely a huge improvement so far. A downtrend in price with a reduction in trading volume would usually hint a downside trend but so far the numbers are definitely improving by the hour. Judging by the daily chart, MANA price certainly looks bullish with established higher highs as well as higher lows. Interestingly, the MANA bulls are trying to shift the support into a resistance zone. More so, MANA price was able to break the important 50-day EMA seen at $0.947. Buying Pressure Can Trigger Uptick In MANA Prices It’s wise to note that Decentraland has been trading below the EMA since April. The chart also shows a Doji candlestick pattern indicating some form of indecisiveness or apprehension from investors. But, a reinvigorated buying pressure can surely trigger the prices to go higher. More so, a daily candlestick spotted well above the session’s high leaves a flicker of hope for the bulls. With that said, the bulls will definitely shoot next for the $1.20 level. Related Reading: Axie Infinity Under Bearish Grip, But AXS Investors Still Optimistic Generally, the total volume levels would usually go down following a price consolidation. More so, the volume may also pick up close to the highs as seen in the charts. Following the third session high, volume expansion becomes apparent after the downtrend. More so, the breach in the support will strengthen the validity of the pattern. Trading volumes for MANA is observed to be trading below its average numbers for the past few weeks; plus the price trading shooting for a slight uptrend. Now, if MANA price fails to close above the $1.05 mark in the next sessions, MANA might possibly slip into a downtrend. MANA total market cap at $1.98 billion on the daily chart | Source: TradingView.com Featured image from Medium, Chart from TradingView.com

Liquidity is strong on alt markets as Bitcoin gives way to Ethereum after a battle which has raged throughout 2022.

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