Tencent’s Wechat intends to impose penalties on public accounts facilitating secondary trading of NFTs, a press report has revealed. Accounts offering transaction channels and guidance for cryptocurrencies have also been targeted by the new rule. Popular Chinese App to Impose Restrictions on NFT Trading Wechat, the instant messaging, social media, and mobile payment app developed […]
Testimony from the Fed Chair provides no surprises while risk assets meander on the Wall Street open.
So i was curious how would things sort out now? i remember the "Vitalik holding a piece of paper with an Ethereum block number and the corresponding hash" thingy back in 2017 after rumors of death, and it was extremely unsettling. submitted by /u/kys_ka [link] [comments]
submitted by /u/rulesforrebels [link] [comments]
Third-party custodians like Celsius failing is a reminder of one of the most basic principles of crypto; not your keys, not your coins.
Hi everyone! I'm doing some research on the Erigon client, and I'm trying to understand the trace module better. For example, the trace_call method and the debug_traceCall and debug_traceTransaction. Can someone explain what they are used for? a use case of how you would use it in real life would be appreciated! submitted by…
Read more
Bitcoin hit a hurdle on hump day, as the world’s largest crypto token moved lower, following strong gains to start the week. ETH also slipped during today’s session, with prices moving back towards the $1,000 mark. Bitcoin Following two straight days of gains, BTC was lower on hump day, as bears seemingly re-entered the marketplace. […]
Binance’s self-custodial crypto wallet Trust Wallet now allows buying more than 200 digital assets with 40 fiat currencies via Binance Connect, formerly known as Bifinity.
If you change your DCA plan according to price, you’re not doing DCA, you’re trying to predict the market. Even if the upcoming months seem very bearish, you have to stick to your DCA plan. That’s the whole purpose of dollar cost averaging. I saw a lot of people saying that it was the perfect…
Read more
After a weekend in which Bitcoin (BTC) experienced realized losses to the tune of $7.3 billion, the largest cryptocurrency has erased all weekend losses and is up over 8 percent to $21,206 in the last 24 hours. Bitcoin has risen almost 22 percent since Saturday’s low of $17,592, and is currently trading around $21,000. The BTC price increased more than 4 percent to $20,882, Coin Metrics data showed Tuesday. Over the weekend, Bitcoin reached a low of $17,959. It had not been lower since December 2020. On Wednesday, Bitcoin climbed after a slew of negative sentiments had lifted the cryptocurrency to a new 2022 low over the weekend. Suggested Reading | Dogecoin Price Jumps As Elon Musk Reiterates Support For Meme Crypto At Qatar Forum Bitcoin Market Selling Pressure Heavy liquidations in the cryptocurrency market dropped Bitcoin’s price below its all-time high in 2017, placing a heavy load on the whole cryptocurrency industry. The broader cryptocurrency market did not anticipate such a sharp decline, especially below the “unbreakable” $19,000 support, but the cryptocurrency has, as is occasionally the case, breached the $20,000 barrier. Image: Crypto Academy The price actions are a response to the negative press surrounding the bitcoin sector, which began with pressure from macroeconomic forces. As this developed, the United States Federal Federal Reserve raised its benchmark interest rate by three-quarters of a percentage point, the largest increase since 1994. Too Early For A Major Turnaround “This recovery takes out some of the extreme oversold aspect of the cryptocurrency,” Alex Kuptsikevich, a senior market strategist at FxPro, pointed out. “However, it is too soon to speak of a long-term turnaround: all unfavorable fundamentals remain in place,” he continued. Crypto total market cap at $881 billion on the daily chart | Source: TradingView.com The surprising rebound was also largely caused by a lack of selling activity on centralized exchanges, since the vast majority of institutional and individual investors gave up during the weekend trading session, when the Bitcoin network suffered $7 billion in losses. Similarly to stock investors, crypto investors are treading carefully in the face of bear market rallies, with some expecting the asset class would decline further before experiencing a substantial recovery. Suggested Reading | Celsius (CEL) Price Scorches To 130% Rally Despite Frozen Network Accounts Craig Erlam, a senior market analyst at Oanda, cautions against growing too comfortable with market gains, despite minor recovery in traditional markets following the Juneteenth holiday market closures on Monday. Erlam stated in a newsletter, “Everyone is looking for the bottom, but there’s a tremendous cloud of uncertainty over the forecast and the data has not yet shown any good indicators.” Featured image from Panorama Summit, chart from TradingView.com
