I have been using exchanges for a year now, but after all this craziness happening with the withdrawals, I decided to slowly start DCA-ing on Metamask, because I wanted to keep my crypto off exchanges. I do not have my secret recovery phrase nowhere digitally, its in my house on paper and I live alone.…
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Eric Schmidt, who was CEO of Google, has declared that there is confusion about the concept of the metaverse and what it means for people. Schmidt stated that, even with a company like the former Facebook pivoting its operations to occupy the metaverse market, there is still not a clear definition of the concept and […]
Not your keys, not your coins. Crypto CeFi lender Vauld has suspended “all withdrawals, trading and deposits.”
The price of Solana (SOL) has been unable to break out of a tight range between $32 and $33 during the past few days. As of this writing, SOL is trading at $32.72, down 16.5% in the last seven days – and around the same level it was trading Friday, data from Coingecko show, Monday. According to analysts, the lack of price movement in Solana suggests that the market is uncertain about the direction of the cryptocurrency. Suggested Reading | Litecoin (LTC) Drops Below $50 After Consistent Bearish Squeeze Solana Can’t Extricate Itself Past $33 The Solana coin’s retracement phase entered the red zone this week, as purchasers lost almost 20% of their investment. The bearish trend appears unbroken as prices have been unable to surpass the $33 resistance level. The subsequent level of support is $30, where prices found support earlier this week. If this level is broken, Solana prices could tumble to $28. The bears were able to close a daily candle below the 20-day simple moving average (SMA), which also worked as short-term resistance, on Saturday evening. On the same night, Solana’s market capitalization again fell below $11 billion, which translates to a 10 percent decline. Bears are active near the $43 resistance level, while the bulls are seeking to post a bullish comeback for the Solana currency. In response to the roller coaster ride, the bulls were twice rejected near the point of resistance. SOL total market cap at $11.23 billion on the daily chart | Source: TradingView.com SOL Shed Over 25% Of Its Value In Past Week Likewise, Solana’s trading volume has been rather modest and stands at $620,821,685 at present. The bulls have attempted to drive prices higher, but have thus far been unsuccessful. SOL has lost more than a quarter of its value in the previous week. This downturn began when the price was repelled at $44, a significant resistance level. The increased sell volume is placing a severe burden on the bulls, who now seem absent from the market. Market observers anticipate a reaction if the price approaches a major support level. Suggested Reading | Dogecoin (DOGE) Could Use Some Lift – An Elon Musk Tweet, Perhaps? Meanwhile, Crema Finance joins the list of protocols running on the Solana blockchain that have been compromised. In the early hours of Sunday, the liquidity protocol took to Twitter to warn users that all network activity had been canceled as a result of the attack. This year, the Solana network has been plagued by a series of setbacks and chain exploits. Moreover, the network’s protocols have degraded. According to a survey by Atlas VPN, the Solana ecosystem suffered five hacking incidents costing $397 million in the first three months of this year. Featured image from Crypto News AU, chart from TradingView.com
On June 16, Vauld CEO sent out this email saying all funds are safe and Vauld isn't facing any financial difficulty due to withdrawals. Today, we got an email saying Vauld is near insolvency and withdrawals are paused. I'm highlighting the email sent to us on June 16, below. "Hey there, We understand that these…
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As the official event “Collect Cards to Share $50,000 Bonus” ends on ViaBTC’s website, the sixth-anniversary events that lasted for more than 40 days are drawing to a close. During this period, ViaBTC has celebrated its sixth-birthday along with tens of thousands of crypto enthusiasts, sharing joy and expressing gratitude to those who have stood by, believed in, and supported ViaBTC for the past six years. Were you reminded of the beautiful moment when you first met ViaBTC in the event “Share Your ViaBTC Memories”? ViaBTC’s story started in June 2016 when founder Haipo Yang completed all the coding and deployment of ViaBTC Pool in just two months, bringing it to the general users. Up to now, ViaBTC has made creative breakthroughs one after another, which marks the collective memory of both this pool and its users along the journey of growth. Have you ever felt ViaBTC’s efforts to keep up with the crypto world through “The BTC Prices You Don’t Know” event? ViaBTC Pool was born when Bitcoin hit the bottom price of merely $500. Back in those days, the public bombarded this cryptocurrency and blockchain, and was pessimistic about their future. Still, committed to its mission of “Via Blockchain, Making the World a Better Place”, ViaBTC focuses on providing better mining services for users with concerted efforts. So when Bitcoin and the entire crypto world ushered in a boom, ViaBTC has already become the world’s top comprehensive crypto mining pool. With mining services for dozens of cryptocurrencies including BTC, ETH, and LTC as well as innovative financial products, it offers a secure and stable one-stop mining service to over one million users in more than 130 countries/regions around the world. Were you impressed by the “V”, “i”, “a”, “B”, “T”, and “C” cards in the event “Collect Cards to Share $50,000 Bonus”? This event officially kicked off on June 2. Users can join the lottery to share a $50,000 bonus after collecting the six cards of “V”, “i”, “a”, “B”, “T”, and “C”, each with distinct features. Many of you might have noticed that each card presents the introduction of ViaBTC’s unique features after you click on it. In the past six years, ViaBTC has rolled out many premium innovative features, including Transaction Acceleration, Smart Mining, Hedging Service & Crypto Loans, Auto Conversion, Revenue Sharing, and Auto Withdrawal, aiming to provide users with secure, stable, efficient, convenient, and user-friendly products and services. Did you regain your commitment to and faith in the crypto industry against the recent market downturns through the letter “Born with Faith, May We Stand Fearless Together”? The crypto world is still in its infancy, so the road forward must be full of thorns, which has scared away numerous users and sifted out many institutions in the early days. The crypto world still has a long way to go, and ViaBTC will also experience many hardships and challenges in the future. Despite that, we always believe in the rosy prospect of blockchain, and will never cease our steps forward in the face of the ups and downs of the market. The sixth-anniversary events have come to a successful conclusion, yet for ViaBTC, a new journey has just begun. Instead of being content with Bitcoin mining service alone, we have provided up to 17 mining services that cover most of the mainstream PoW cryptos on the market; with ambitions beyond the mining pool business, we have set up five major business segments spanning the mining pool, exchange, wallet, CSC and investment, all of which constitute an all-encompassing ecosystem covering products, tools, and investment. ViaBTC enjoys infinite possibilities in the future. Dedicated to the mission of “Via Blockchain, Making the World a Better Place”, we will catalyze the innovation and progress of the blockchain industry through advanced financial technology, and join hands with users to create another six years of glory in the new era of blockchain.
In what some might consider as "peak irony" Peter Schiff, renowned bitcoin opponent, crypto hater and general melt, has had his accounts frozen by regulators in Puerto Rico "without warning". https://preview.redd.it/fdew900g9i991.jpg?width=640&format=pjpg&auto=webp&s=0530fc17deb86f2536df5c8b5ed6e58aa0ff5849 All funds and access to accounts either by Peter himself of customers at the bank are frozen, clients losing money, Peter up…
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The holiday weekend is making everyone nervous as BTC price action hovers at $19,000.
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