Before you know a crash is coming would you: A. Sell all of your crypto and put it into a super stable coin like BTC and/or ETH, embrace the impact and just hold it in these until the market stabilizes? B. Sell all of your crypto and put it into tether like USD or USDT…
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The team of Unibright, creators of a framework for blockchain-based business integration, announced today that after nearly 2 years of development, the mainnet for Baseledger, a public-permissioned, council-governed network for a variety of enterprise blockchain use-cases is now live. Baseledger Proxy, the main integration instrument that offers all tools needed for a Baseline compliant synchronization has…
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I have 2 ENS Domain names linked to my wallet. On the ENS website, it asks me to set a primary domain name. Do I have to do this? Just don't wanna pay gas fees haha. submitted by /u/PurpleMurloc [link] [comments]
Glassnode data shows the RHODL Ratio’s current trend suggests that the Bitcoin market could be near capitulation. Data Shows Bitcoin RHODL Ratio Has Observed Decline Recently As per the latest weekly report from Glassnode, the supply of coins older than one year has significantly risen recently. To understand the RHODL ratio, you first need to have a look at the “realized cap HODL waves.” This indicator measures the USD-dominated amount of Bitcoin held by investors hodling since different periods of time. For example, the wave band for coin age more than 1+ year shows the total amount of coins all investors hodling since at least a year currently own. The “realized HODL” (or RHODL in short) ratio is a metric that tells us the ratio between the wave bands of 1-week old and 1-year old Bitcoin supplies. When the value of this indicator reaches a high, it means new holders hold a majority of the supply at the moment. Such values usually occur during price tops. Related Reading | Research Explains Bitcoin Mining Could Be Helpful For US Energy Independence On the other hand, low values of the metric suggest 1+ year old age bands currently own a larger part of the total Bitcoin supply. These values of the indicator have historically been observed near market bottoms. Now, here is a chart that shows the trend in the BTC RHODL Ratio over the history of the crypto: Looks like the value of the indicator has seen decline recently | Source: Glassnode’s The Week Onchain – Week 13, 2022 As you can see in the above graph, the Bitcoin RHODL Ratio has observed some sharp downtrend in recent months. This trend means that the supply of 1+ year old holders is going up, while that of one-week old coins is declining. Related Reading | Bitcoin Likely To Continue Upward Trajectory, Is $50K Its Next Target? Also, as the chart shows, such a trend with the Bitcoin RHODL ratio heading down after a bull run has historically signaled that the market is near capitulation. Back in 2012, however, it was rather a sign of the early bull market rather than an approach to the late stages of the bear market. So, the current trend can go both ways, but the near capitulation phase is when these values of the indicator were observed the last two times. BTC Price At the time of writing, Bitcoin’s price floats around $47.8k, up 11% in the last seven days. Over the past month, the crypto has gained 27% in value. The below chart shows the trend in the price of the coin over the last five days. BTC’s price seems to have surged up over the last couple of days | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, Glassnode.com
Since the Ukraine-Russia war, there have been calls to donate and aid the military defense in Ukraine. According to the donation website, more than $70 million in cryptocurrencies has been received. Many of these donations came from Ethereum, the second cryptocurrency by market capitalization. Notably, the donations featured DAOs and NFTs, showing how much they…
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The Ronin Bridge exploit made it possible for hackers to get hold of 173.600 Ethereum and 25.5 million USD Coins. With the current market values, the total value is estimated at around 550 million US dollars. Ronin discovered the theft this morning when it was notified that a user tried to withdraw 5000 Ethereum. Ronin…
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Citizens School said it also intends to integrate blockchain technology into several aspects of its academic and administrative operations in the future.
The crypto market has managed to sustain its bullish momentum and reclaimed the $2 trillion market cap. Bitcoin and Ethereum seem to have pushed the market from the mid $30,000, and to its current levels. Related Reading | Only In Crypto: A Croissant Explains Ethereum Hottest Trends Post Merge The first and second crypto by market cap has seen a surge of new bullish narratives. The upcoming “Merge” and Bitcoin has pristine collateral seem to have provided additional support for the current momentum. Both ETH and BTC recorded around 17% profits in the last week, as the crypto market moves upwards. However, Delphi Digital recorded layer-1 cryptocurrencies with gains surpassing 50% in a 30-day period. Near (NEAR) stood among the latter and led the current market recovery, followed by Polkadot (DOT), and Terra (LUNA). As seen below, Binance Coin (BNB), Solana (SOL), Avalanche (AVAX), Cosmos Hub (ATOM), and others were in the best performer group. Delphi Digital noted the following on NEAR’s current bullish momentum: NEAR led the L1 recovery by growing by ~50% over the past month, a significant lead against the rest. The outperformance over the past week was catalyzed by the Bastion Lockdrop, which attracted $293M in capital. NEAR, WBTC, ETH, USDT, USDC were available to be locked for 1-12 months. Avalanche (AVAX) records a 10% profit in the last week with a 37% profit in two weeks. In addition, Avalanche records an explosion in daily active users in a 6-month period. This metric has been hovering around 100,000 since Q4, 2021. This suggests a growing interest for Avalanche as the price push to the upside. Delphi Digital noted: When looking at the delta in this data, the strong relationship between AVAX price and active addresses immediately becomes recognizable. It is not often that price increases sustainably without metrics such as TVL and daily active addresses also increasing. What Could Add More Fuel For This Crypto Rally In the short term, the crypto market could see a brief pullback. Indicators point to overbought levels across the board, but bulls have been able to preserve their strength. According to Delphi Digital, the long to mid-term could stay in the green for Avalanche (AVAX). In addition to its fundamentals, the crypto platform recently launched a $290 million multiverse incentive program, and it will be integrated with Terra. The moon is coming to #avalanche in force, and next week we will show you just how much 🌕@avalancheavax @terra_money 🪄 — Do Kwon 🌕 (@stablekwon) March 18, 2022 The research firm believes the biggest AVAX catalyzer is the implementation of its subnet functionality. This should increase Avalanche’s use case and scalability and potentially inject more conviction into a double-digit rally. Delphi Digital noted: Important to keep in mind is that each subnet validator must also be a validator in Avalanche’s primary network. This means each subnet validator generates additional demand for staking AVAX, which should improve value accrual for AVAX as subnet adoption grows. Related Reading | Terra (LUNA), Quant (QNT) Pull Up As Avalanche (AVAX) Nosedives At the time of writing, AVAX trades at $94 with sideways movement on the last day.
According to Sky Mavis, the creators of the blockchain NFT game Axie Infinity, the Ronin network has been attacked, and a hacker has managed to siphon 173,600 in ethereum and 25.5 million usd coin (USDC). The attacker has obtained roughly $620 million worth of crypto assets, and the Ronin bridge and Katana Dex have been […]
The service would allow users to bridge assets from any blockchain to BNB Chain.
