I'm using lol miner and I'm new to this mining thing. I have atomic wallet and I hooked up the mining number to my wallet in the .bat file and the pools, and I run it. It looks like it should but after about a day of running it no Ethereum is in my wallet,…
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Jay Clayton said that cryptocurrencies have numerous purposes and are connected to a variety of industries, and the SEC should be in charge of regulating only those sectors that are linked to it.
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Hey guys, In short I am looking to understand Ethereum in full. I Just recently I left my job and am currently looking to dedicate all the free time I have now to understanding Ethereum. I want to fully immerse myself in crypto but mainly in ETH since I believe its going to be extremely…
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Man, so many good project have died trough the years, last bear market was hard on many of them, lots of blood on the streets and only a few made it back… I have a soft spot for DASH it was a nice project that people were actually using and let's say that the bear…
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On-chain data shows that Bitcoin short-term holders have now started to realize significant losses. This could prove to be a bearish signal for the crypto. Bitcoin Short-Term Holders Are Taking Significant Losses As pointed out by an analyst in a CryptoQuant post, the BTC market is now looking at significant losses being realized. This trend may be reminiscent of the May 2021 crash. The relevant indicator here is the Spent Output Profit Ratio (SOPR), which is an on-chain metric. The SOPR measures the profit ratio of the overall market to check whether investors are, on an average, in profit or loss. The indicator works by looking at the price each coin on the chain was bought at and comparing it with the selling price. When the value of the SOPR is above 1, it means coins during the period sold at a profit. On the other hand, values below 1 suggest holders were selling at a loss. Also, naturally, when the indicator’s value is exactly equal to one, the investors were, on average, breaking even for the specific timescale. A modified version of the metric is the Short-Term Holder SOPR (STH-SOPR), which shows the SOPR for coins that were held for less than 155 days. Related Reading | Twin Peaks: Comparing The Two 2021 Bitcoin Tops Now, here is a chart that highlights the trend in the Bitcoin STH-SOPR over the past few years: Looks like the value of the indicator has gone down recently | Source: CryptoQuant As you can see in the above graph, the STH-SOPR has decreased in value recently, and the metric is now below one. This implies that these short-term holders have now started to realize their losses as the price of Bitcoin continues to decline. Related Reading | Bitcoin, Ether Spike After Fed Announce No Change To Interest Rates The analyst in the post thinks this trend may be similar to that seen in the aftermath of the May crash. And so, the coin may continue to range sideways for a while, just like then, before observing some uptrend. BTC Price At the time of writing, Bitcoin’s price floats around $49k, down 0.5% in the last seven days. Over the past thirty days, the crypto has lost 20% in value. The below chart shows the trend in the price of BTC over the last five days. BTC’s price has again continued its sideways trend in the past few days | Source: BTCUSD on TradingView Bitcoin has been in consolidation for a while now as the price shows no signs of recovery. At the moment, it’s unclear when this sideways movement may end, but if the STH-SOPR is anything to go by, this trend may last a while longer, just like in May. Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com
Solana (SOL) traded 15.7% up and lead gains earlier as the crypto market started to see the green zone, recovering from the total cap value dropping to $2,1 trillion, now at $2,2 trillion, a 5% increase in 24 hours. As several altcoins from the top 100 savor the upswing, it’s a polarized day for Solana’s popularity as the network saw major congestion issues that might put down price expectations for 2022. A few days ago SOL saw a two-month low of around $150, but losses are in reverse in the past 24 hours. The digital coin went up as much as $188, a 15.7% daily growth. Solana’s market cap value grew from $51.17 billion to $56.76 billion during the period (adding $5.59 billion). In terms of competition for the top 5 cryptocurrencies by market cap, Solana took the win while Ethereum surged around 4%. Cardano climbed 3% and Avalanche, on the other hand, is also seeing growth surging 15% in 24 hours after announcing native support for USD Coin (USDC), swinging up above the $100 mark. Related Reading | Solana Could Become The Next Bitcoin, According To FTX’s Sam Bankman-Fried Solana, The Cool Kid On The Block? As Solana grows in popularity surrounded by mainstream projects, crypto users at CoinMarketCap shared positive estimates of the median price for the end of the year: 20,490 people think SOL will be closing the year trading around $185. However, the community is predicting a downside starting 2022 to $171, then lower to $168 by the end of February. What are they seeing? The cool kid from the block is having trouble at home and the followers are concerned. The network experienced more technical troubles with a large amount of failing transactions: over 2000 per second, more than 60% of the total volume, some have speculated. Several investors and developers have expressed skepticism and frustration on social media. Some see the glitchy scenario as a sign to step back as it does not provide trust and also fails to meet with the blockchain’s promise of high efficiency. Related Reading | How Solana Was Brought Down By This dApp Launch Solana has more troubled moments to mention. The first one was back in September with a 17-hour network outage. Then, during this month alone, on December 9th the network reportedly suffered a distributed denial-of-service (DDoS) attack which also resulted in delayed transactions. Clarity wasn’t the top priority at the time. The first tweet to mention the DDoS attack was deleted, then the infrastructure firm GenesysGo reported the issue but claimed it was due to “growing pains”. And on December 13th, a Solana-based NFT debut (SolChicks) announced that “CHICKS HAVE TAKEN DOWN SOLANA.”: We apologize for the inconvenience of this delay but tens of thousands of people are trying to buy $CHICKS and the Raydium server has crashed. It appears SolScan is also not loading our contract address right now either. However, Solana’s price has not seen investors fear since the last failure of transactions happened –at least not beyond the low prediction from the CoinMarketCap community. Is the hype stronger than the issues? The rise of Solana has seen big investors as backers (like Sam Bankman-Fried, Andreessen Horowitz, and Polychain) and a large number of projects with big names, especially in the gaming and NFT sectors. If the blockchain’s transactions are not fast enough sometimes, their marketing is. For example, basketball giant Michael Jordan just announced a platform for athletes called HEIR, which is based on Solana. This mainstream event was believed to carry SOL’s price up. Will popularity be enough for the future of the blockchain?
Global markets have defied predictions as the U.S. Federal Reserve and several central banks worldwide are prepping to slow down monetary easing policy. On Wednesday, the U.S. central bank’s Federal Open Market Committee (FOMC) said it plans to taper quantitative easing (large monthly asset purchases) and end the program by March 2022. Moreover, the FOMC […]
At his October confirmation hearing, Rostin Behnam said it was “critically important to have a primary cop on the beat” of an emerging market that included cryptocurrencies and stablecoins.
