These are the BTC price levels to watch as Bitcoin risks worst April on record
Bitcoin price action is down 15% this month, while historically, April is supposed to bring gains.
Bitcoin price action is down 15% this month, while historically, April is supposed to bring gains.
Regulation will touch every person in every jurisdiction worldwide; crypto must find ways to preserve its decentralization and privacy.
He bought the domain in 2017 for $16 and sold it for half a million. True diamond hands? Someone offered $500 Initially he wanted 10 BTC for the domain. 10 BTC offer This is how it went GoDaddy Broker first offered $500 GoDaddy Broker first offered $500 for the domain…
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Bitcoin and ethereum were both trading lower to start the weekend, as crypto markets continued to face bearish pressures. The current uncertainty surrounding next week’s Federal Reserve meeting has seen prices consolidate for most of the week, with Saturday being no different. Bitcoin Bitcoin (BTC) was once again in the red during today’s session, as […]
Diagram and initial prototype: https://youtu.be/xiu2yfYzE68 Note: I tried to post this as a link: https://www.reddit.com/r/ethereum/comments/ufa6f0/account_abstraction_aka_contracts_send_pay_for/, but the auto moderator rejected it because it is "too short. All text submissions must be at least 100 characters long." (it is a link submission, not text) submitted by /u/lorecirstea [link] [comments]
With the chaotic phase that the crypto market is going through, Tether (USDT) trading volume in Q1 of 2022 plunged lower compared to the same quarter of last year. The total Tether transaction for the first quarter of 2022 is 26,454. Even though the bearish trend has seen many investors turning to stablecoins, the interest of investors for USDT remains a bit controlled. Tether is dubbed to be a stable crypto because unlike Bitcoin, Tether is pegged with the US dollar which means it retains a consistent value over time. It’s a go-to or preferred altcoin especially for investors who have a low risk appetite. Suggested Reading | What’s In A Name? Ethereum Domain Name Sales Climb 2,300% What Is Tether? Tether is a stablecoin which is far more consistent or stable compared to other cryptocurrencies like the two popular BTC and ETH because it’s backed by fiat money. This means Tether has actual US dollars that act as collateral. It basically has the same value as the USD. Stablecoins act as a middle ground and provide liquidity in an extremely risky and volatile environment allowing crypto to be regarded as a store of value and less than a risky undertaking. USDT total market cap at $82.28 billion on the weekend chart | Source: TradingView.com The most popular stablecoins are Tether, USD Coin, and Gemini Dollar which all share the same characteristics backed by US dollars. On the other hand, other stablecoins are backed by silver, gold, and other fiat currencies like yen and euro. USDT Trading Volume Plummets Tether’s trading volume went down in the first quarter at $5.3 trillion. Compared to the trading volume of January to March 2021 of 2021, there was a marked reduction of trading volume by as much as 46% or roughly around $9.9 trillion. Overall, the crypto trading volume has plummeted which also seems to have triggered the dip in Tether trading volume in Q1. Suggested Reading | Bitcoin Briefly Tops $40,000 As More Countries Adopt Crypto Price Action Analysis To analyze the impact of Tether transactions going down on Tether trading volume, it is important to compare the USDT trading volume in the quarter 1 of 2021 to 2022. January 2021 USDT trading volume is at $3.4 trillion which is higher compared to this year’s Q1 trading volume that registered at $1.8 trillion. Meanwhile, March 2021 USDT trading volume is at $2.7 trillion which is a bit higher compared to 2022 trading volume in the same month at 1.9 trillion. January 1, 2022 trading price for USDT is at $1 and it closed quarter 1 at $1. Tether is definitely as stable as it can get; literally. Featured image from Shutterstock, chart from TradingView.com
Hashstack aims to disrupt and improve the appeal of decentralized borrowing and lending. Users can access under-collateralized loans through its Open Protocol at a 1:3 collateral-to-loan ratio. It is a welcome change for the broader DeFi industry, as current collateralization rates remain too high. Adjusting Loan Collateralization In DeFi In traditional finance, one can obtain a loan if they have a fraction of the borrowed amount to put up as collateral. One would expect the same to apply to decentralized finance, yet that is not the case. Instead, users often put up 150% – or more – of the amount they want to borrow. If one has more liquidity than is needed to borrow, it doesn’t make much sense to take out a loan. Unfortunately, the high loan collateralization rates are a standard in decentralized finance. The use of volatile crypto assets warrants a “buffer” of sorts. Markets can turn around on a dime and will often turn bearish when people least expect it. That process devalues the collateral and loan ratio, forcing protocols to adopt a very cautious approach. Thankfully, things will improve soon through Open Protocol. The new DeFi protocol, designed by the Hashstack team, will introduce new loan collateralization opportunities. Users have to put up one-third of the amount they want to borrow, introducing undercollateralized loans to a global audience. Moreover, users can withdraw 70% of their collateral after acquiring a loan and use the remaining funds as working capital on the platform. Moreover, Hashstack introduces a new mechanism for the eternal scalability of storage and logic of smart contracts. That will catalyze the utilization of the trading capital locked within the Open Protocol. The mechanism will be submitted as an Ethereum Improvement Proposal – EIP-9000 – and foster secure and upgradeable smart contract deployment. A welcome change for DeFi, as Hashstack can integrate an unlimited number of dApps with Open Protocol without making any major changes to existing projects. Open Protocol Public Testnet Launch The solution by Hashstack is currently live on the public testnet. Users can experiment with Open Protocol and provide feedback to enhance the appeal of this new protocol. The team has worked hard on an improved user interface, combining base interest rates summed with an algorithmic determinant kept constant for up to seven days, and improved transparency. Hashstack Finance Founder Vinay Kumar comments: “Our public testnet has attracted over US$5 million in total value locked (TVL) immediately after going live. The public testnet release marks a significant accomplishment in Hashstack’s roadmap as we prepare to launch the Open Protocol mainnet later in the second quarter of 2022.” The new loan collateralization ratio maintained by open Protocol hints at a bright future for decentralized finance. However, the industry still suffers from many inefficiencies that need to be resolved. Open Protocol addresses some of those pain points, including enhancing effective asset utilization and compartmentalizing APY and APR. It will be interesting to see which Dapps integrate with Hashstack and Open Protocol. PancakeSwap has been confirmed, and will improve loan utilization as borrowers can swap borrowed assets for any other crypto asset within the same interface. For now, Open Protocol focuses on BTC, SUDT, USDC, BNB, and HASH, with more tokens to be added in the future.
The mainstream medias suppression of Gamestops’ Loopring announcement is the most bullish thing I’ve ever seen in the crypto space. Let me run down why for you: GPU prices are going back closer to MSRP New gens of GPU and CPU are released later this year mainstream medias supression of the announcement has suppressed LRC…
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