Coinbase eliminates transactions fees for its crypto debit card
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submitted by /u/Sajin88 [link] [comments]
Alona Shevchenko was terrified when she learnt that Russian President Vladimir Putin and his army were planning to invade Ukraine. Shevchenko, 28, a Ukrainian living in the United Kingdom with family in Ukraine, first learned of the impending invasion on Jan. 19 from a buddy with contacts to Ukrainian intelligence services, according to Fortune. "I…
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A quant has explained how the Bitcoin funding rate (72 hour) may be able to correctly signal tops and bottoms in the price of the crypto. Bitcoin Funding Rate May Be Able To Indicate Tops And Bottoms In The Market As explained by an analyst in a CryptoQuant post, the 72-hour version of the funding rate looks to have been effective at pointing out tops and bottoms in the BTC market. The “funding rate” is the periodic payment that Bitcoin futures traders (either long or short) have to make between each other. When the value of this metric is negative, it means shorts are paying a premium to the longs to keep their positions right now. Such values show there are more shorts in the futures market at the moment, and the majority sentiment is bearish. On the other hand, positive values of the indicator imply longs are dominating the shorts currently. Naturally, this trend means the overall sentiment is bullish in the Bitcoin market currently. Related Reading | Bitcoin Trading Volume Continues To Remain At Low Levels Now, here is a chart that shows the trend in the BTC funding rate (72 hour) over the past few months: The relation between the BTC price and the funding rate | Source: CryptoQuant As you can see in the above graph, the quant has marked the relevant points that help establish a correlation between the Bitcoin funding rates and the price. It looks like whenever the indicator had a rising value along with the price observing a decline, a sharp correction in the value of BTC took place shortly after. Related Reading | Bitcoin Exchange Traded Products Near 1% Of Total BTC Supply This is because investors kept on adding longs (hence why the funding rate became more positive) when the price was instead going down. Such a trade is quite risky as if the trend of decline continues for long, then liquidation can quickly happen. A large amount of long liquidations can sharply drive the price down, a process that’s called a “long squeeze.” However, an interesting fact here is that the funding rates still had a very low value, which means there weren’t that many longs present. The analyst in the post has pointed out that any small adjustment in the indicator can affect the price and investor psychology during periods with such volumes. The metric still seems to have been effective at indicating tops recently as the latest correction in the price of Bitcoin took place soon after a spike in the funding rate. BTC Price At the time of writing, Bitcoin’s price floats around $43.7k, down 7% in the past week. BTC’s price plunges down | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com
The Bitcoin 2022 conference in Miami set the stage for the announcement followed by a panel with athletes Serena Williams, Odell Beckham Jr. and Aaron Rodgers.
It's no surprise how dire the situation is at Meta internally, many of the employees utterly demoralized and quitting in droves saying things like "leave this crap place", and "feeling like shit working here". Meta's office in London had employees departing from their current AI project, calling it a "mess", reporting "very little progress has…
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At the Bitcoin 2022 conference in Miami, Block, Inc., formerly Square, Inc., announced three new bitcoin services for the company’s mobile payment platform. The mobile payment platform Cash App will feature a “paid in bitcoin” service that allows users to auto-invest their work pay into bitcoin. Cash App Adds 3 New Bitcoin Services Jack Dorsey’s […]
The U.S. dollar index could rally further in the coming weeks, which is typically bad news for Bitcoin.
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This is the largest fund the HBAR foundation has launched to date, a statement of intent for their aspiration in the tokenized economy and metaverse space.
GENERAL BYTES, a bitcoin and crypto ATM manufacturer, has announced this week the launch of its newest model, the BATMTwoUltra. This latest machine is loaded with the newest features while offering operators the same qualities they are familiar with from the BATMTwo series. Benefits The BATMTwoUltra comes with the additional option to configure the ATM…
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