Employing crypto in cross-border payments is one of the proposals put forward by the Russian Chamber Of Commerce lobbying for more cooperation with African countries. Amid unprecedented sanctions limiting Russia’s ability to trade internationally, the head of the board has urged the government to work out an alternative system for settlements with Moscow’s partners. Chamber […]
How long are we stuck in this lull where it doesn’t seem to go much past $3k? Same goes with bitcoin submitted by /u/okclassic23 [link] [comments]
submitted by /u/d_d0g [link] [comments]
More efforts should be made to eliminate this special status, given to people who earn $200k+ per year, or have a net-worth of over $1M. Currently, only they are allowed to privately invest in non-publicly traded companies, and other investments deemed "high-risk". They enjoy significantly better interest rates and returns, that are completely inaccessible to…
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As many of, you know, a major major major hard fork combinator event is happening in June, which is the Vasil hard fork, and that is going to contain pipelining, which will be a massive performance improvement to Cardano, alongside the first wave of significant Plutus enhancements since Plutus shipped in September. Pipelining – or…
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As told by Andy Jassy, the e-commerce giant may integrate NFTs later down the line.
submitted by /u/Mk_Makanaki [link] [comments]
“ Mark the calender April 27th “ Did you get a chance to watch Charlie Shrem’s recent video on the “Crypto Cash Calendar”? If you did, you might have already jotted down Wednesday, April 27, 2022, and Friday, May 20, 2022, in your respective calendars, right? Let’s just say our editorial team did the same…
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On-chain data shows the Bitcoin short-term holder SOPR has broken above one for the first time since December 2021. Bitcoin Short-Term Holders Return To Profit Once Again As pointed out by an analyst in a CryptoQuant post, the BTC STH SOPR has once more broken past the “one” barrier. The “Spent Output Profit Ratio” (or SOPR in short) is a Bitcoin indicator that tells us whether coins selling right now are selling at a profit or a loss. The metric works by looking at the price history of each coin being sold on the chain to see what price it last moved at. If the last price was less than the current one, then the coin has been sold at a profit. Similarly, a loss is when the current price is lesser. When the value of the Bitcoin SOPR is less than one, it means investors are, on an average, selling at a loss at the moment. On the other hand, ratio values above one imply that the overall market is realizing a profit currently. Related Reading | Can The 600-Day MA Support Line Push Bitcoin Again? A modified version of the indicator shows the profit ratio for only those coins that were held for less than 155 days before being sold. Such coins belong to a cohort of investors called the “short-term holders.” The below chart shows the trend in the Bitcoin STH SOPR (30DMA) over the past year: The indicator seems to have just crossed over the “one” mark recently | Source: CryptoQuant As you can see in the above graph, the Bitcoin STH SOPR has broken above one once again over the last few days. This is the first time that short-term holders have been selling at a profit since December of last year. The significance of the SOPR equal to 1 line is that it acts as a break-even point. The mark has acted as support for the price of the crypto in the past. Related Reading | Bitcoin Mimics Textbook Market Sentiment Cycle, What Happens When Confidence Returns? But also, because of it being a break-even point, it has also acted as resistance before. Reaching the mark psychologically feels like getting their money “back” to investors who were in loss previously so they tend to sell around this mark, hence leading to it becoming resistance. Just a month or ago the metric retested the level, but it failed and rebounded back down. It remains to be seen now whether this time the Bitcoin STH SOPR will hold above one or not. BTC Price At the time of writing, Bitcoin’s price trades around $41.2k, down 5% in the past week. BTC’s price shows some recovery | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com
Tim Beiko has announced the eth 2.0 is to be rolled a few months after June, and it seems that “POW is in its last chapter.” Great news in my opinion. I’m always excited by new news and updates, especially on a massive chain like that of Ethereum. I am sure this will do wonders…
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