Moons are r/CryptoCurrency's version of Community Points. Community Points are a way for users to be rewarded for their contributions to the subreddit, and they can be used on premium features in the community. Moons are distributed every 4 weeks based on contributions people make to r/CryptoCurrency. For every distribution, Reddit publishes karma data as…
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The bill defines digital commodities and requires registration of digital commodities platforms by the CFTC, with language that needs tightening.
The crypto fear and greed index shows that while investors are still cautious, the market sentiment is nonetheless making sustainable recovery. Crypto Fear And Greed Index Surges Up, But Remains In “Fear” Territory As per the latest weekly report from Arcane Research, the market sentiment rose to the best sentiment since April of this year on Saturday. The “fear and greed index” is an indicator that measures the general sentiment among investors in the crypto market. The metric uses a numeric scale that runs from zero to hundred for representing this sentiment. All values above 50 signify a greedy market, while those below the mark suggest fearful investors. Values approaching the end of the range of above 75 or below 25 indicate “extreme greed” and “extreme fear” sentiments, respectively. Historically, bottoms have tended to form during periods of extreme fear, while tops have occurred during the other extreme sentiment. Because of this, some investors believe the former periods bring ideal buying opportunities with them, while the latter ones can be suitable selling points. Now, here is a chart that shows the trend in the crypto fear and greed index over the last year: Looks like the value of the metric has been steadily climbing up in recent days | Source: Arcane Research’s The Weekly Update – Week 30, 2022 As you can see in the above graph, just a while ago, the crypto fear and greed index had been inside the extreme fear territory for a couple of months, making it the longest ever streak of rock-bottom mentality. But, during the last few weeks the indicator has observed some growth as the various coins in the market have simultaneously seen recovery. At the time the report came out (which was yesterday), the fear and greed index had a value of “31.” This implies a fearful market. Today, the sentiment has slightly improved as the value of the indicator is now “34,” which is however still firmly inside the fear territory. The value of the indicator is 34 at the moment | Source: Alternative On Saturday, the metric came close to stepping out of the fear territory as it attained a value of “42.” This happens to be the highest value the indicator has seen since April. But before a breakout into greed could occur, the fear and greed index slumped back down. The latest trend suggests while the market sentiment has been improving, the investors have remained cautious. This may pave way towards a slower, but more sustained recovery in the market. BTC Price At the time of writing, Bitcoin’s price floats around $23.3k, up 9% in the past week. The value of the crypto seems to been trending sideways during the last few days | Source: BTCUSD on TradingView Featured image from Quantitatives on Unsplash.com, charts from TradingView.com, Arcane Research
Almost 1 million ETH were spent to mint NFTs on the Ethereum network in the first half of 2022, according to a Nansen report.
The European Securities and Markets Authority (ESMA) is gearing up to implement stricter oversight in regards to crypto-related transactions. The agency is now looking to hire suppliers of trading data, as monitoring major participants in the market falls under its responsibilities. ESMA Launches Public Procurement for Providers of Crypto Trading Data The securities watchdog of […]
The Stellar (XLM) Development Foundation celebrated the launch of a preview for their upcoming smart contract platform, called “Soroban”. As part of their “Project Jump Cannon”, the initiative behind the development of the platform, the organization has invited developers to create their own contracts. Soroban’s announcement has been highly anticipated by Stellar (XLM) users. This platform might provide the network with new use cases, and a new wave of adoption, and might provide it with the capabilities to compete with major blockchains, such as Ethereum. Per an official post, Stellar’s smart contracts follow the project vision of providing users with an accessible, user-friendly, and scalable platform. The team behind the project claims Soroban has the potential to become the “standard for smart contracts” in the crypto industry. The Stellar Development Foundation (SDF) claims that the crypto space lacks a smart contract platform with the above-mentioned features. Most “present too many foot guns for developers”. The SDF said the following on the preview for their smart contract platforms: We’re doing it because we believe that we’re building something special with Soroban, and true to our open-source roots, we believe it’s important to share the development process. We want Stellar ecosystem developers and smart contract developers from other ecosystems to have a chance to make a meaningful impact together. Soroban will operate independently from Stellar but will be paired to this network to provide users and developers with accessibility and “equitable access” to the decentralized finance (DeFi) sector. The organization clarified that its smart contract platform will be built with Rust as its programming language. Unlike other popular programming languages in the sector, the SDF believes Rust provides more safety and “efficient” computation. Soroban will also implement WebAssembly (WASM) in its design to meet their scalable, “robust and minimal bytecode specification”. XLM With Potential To Extend Gains At the time of writing, XLM’s price follows the general sentiment across the crypto market and seems poised to see further appreciation. The cryptocurrency trades at $0.11 with an 11% profit over the past week. In the short term, XLM records an increase in buying pressure since August 2nd which suggests investors were swayed by SDF’s claims over the future of their smart contract platform. This could remain a critical bullish factor for the long term if the organization is able to launch Soroban on mainnet. Data provided by Material Indicators (MI) records an uptick in ask (sell) orders as XLM’s price trends to the upside. As seen below, there are around $1 million in asks orders above XLM’s price current levels with an uptick in buying pressure from retail investors. Stellar’s bid liquidity seems to be getting thinner which could suggest a potential re-test of previous support levels. This could be invalidated if Bitcoin and other large cryptocurrencies keep pushing the crypto market to the upside. In that case, XLM’s price could break resistance and hit $0.18.
They say to build something during the bear market, so I did! I wanted to make something funny to entertain my fellow crypto enthusiasts while the skeptics and haters are taking victory laps about our supposed collapse. Something to document the sheer hatred generated by this new tech we're all excited about, and mock those…
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Poor earnings coupled with overvalued fundamental metrics pose long-term bearish risks for MSTR.
Hello guys, I’m looking to raise 10k $ for my Ukrainian friends from the Ukrainian army. At the moment my close friend is in the center of active military fights (Kherson region) They are in urgent need of: ⁃ Thermal imager ⁃ Old car (like Open Frontera) I will personally take care of the purchase…
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Just now documents have been shown of a bill by US Senators that would also influence crypto. According to the bill the regulator for commodities, CFTC, will be overseeing Bitcoin and other crypto assets instead of the current "kind of" assigned oversee-er, SEC. Is that now really better? While we may all have enough of…
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