Category: Cryptocurrency News

submitted by /u/pepperonimilkjuice5 [link] [comments]

Hi, I'm starting on reading about Blockhains and their applications. Two papers I've read claimed that they used a private/permissioned blockchain that uses a proof of authority concensus mechanism. However, they also mention that they're using Ethereum smart contracts and as far as I know, Ethereum is a proof-of-work public blockchain. My questions are: 1)…
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Luxury watch manufacturer TAG Heuer announced it’s introducing online cryptocurrency payments for customers in the United States. The Swiss company provides the new payment option through a partnership with crypto payment processor Bitpay. Tag Heuer Partners With Bitpay to Offer US Clients Bitcoin Payments Designer and maker of luxury timepieces TAG Heuer is now accepting […]

TLDR; I was looking at old Tether audit documents (as one does) and stumbled across some oddities. So I was going through some old Tether audits originally performed by "Friedman LLP" (https://tether.to/en/transparency/#reports) and found Tether's Alpha address ( 3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL). Initially, I did not see anything strange. They held BTC, Tether, and EURt (Tether for EU…
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Links posted to a fake Louis Vuitton non-fungible token (NFT) raffle were made to capitalize on a recent real collaboration between Beeple and the luxury fashion brand.

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

The latest metrics on new registrations and renewals of existing domains on ENS show that interest in the digital identity service has shattered previous records.

Bitcoin started a fresh increase from the $28,500 support zone against the US Dollar. BTC could rally if there is a clear move above the $30,600 resistance zone. Bitcoin formed a double bottom pattern near $28,500 and climbed higher. The price is now trading above the $30,000 level and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $29,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if there is a clear move above $30,600. Bitcoin Price Could Soon Rally Bitcoin price remained well bid above the $28,500 support zone. It seems like there was a double bottom pattern formed above $28,500 before the price started a fresh increase. There was a clear move above the $29,500 resistance zone and the 100 hourly simple moving average. The price even climbed above the $30,000 resistance zone. However, the bears are still active near the $30,600 resistance zone. The price traded as high as $30,500 and is currently correcting lower. There was a move below the 23.6% Fib retracement level of the upward move from the $29,225 swing low to $30,500 high. On the downside, there is a key bullish trend line forming with support near $29,800 on the hourly chart of the BTC/USD pair. It is now trading above the $30,000 level and the 100 hourly simple moving average. An immediate resistance is near the $30,450 level. The next major resistance is near the $30,600 level. Source: BTCUSD on TradingView.com A clear move above the $30,450 and $30,600 resistance levels might start a strong rally in the near term. The next key resistance could be near the $31,500 level, above which the price might rise to $32,500. Fresh Decline in BTC? If bitcoin fails to clear the $30,600 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $30,000 level. The first major support is near the $29,850 level and the trend line. The trend line is near the 50% Fib retracement level of the upward move from the $29,225 swing low to $30,500 high. A clear move below the trend line might send the price towards the $28,500 support. Technical indicators: Hourly MACD – The MACD is now slowly losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $29,850, followed by $29,600. Major Resistance Levels – $30,600, $31,200 and $31,500.

Most stories that you will read about the event will focus on the depegging of the mechanism of the algorithmic stablecoin which was tied to the supply and market value of the protocol token. This is interesting, of course, but I don't see too many people discussing the other side effect, the network became so…
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