On Wednesday, the publicly-listed cryptocurrency firm Coinbase announced the launch of a collaborative effort called TRUST, which stands for “Travel Rule Universal Solution Technology.” The plan is described as an “industry-driven solution” developed to comply with the Financial Action Task Force (FATF) Travel Rule. There are currently 18 crypto firms that have joined TRUST so […]
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Comments made by Warren Buffet’s right-hand man and vice chairman of Berkshire Hathaway have gone viral for their imaginative depiction of cryptocurrency.
The report defines criminal whales as private wallets that hold more than $1 million worth of crypto with more than 10% of their balances coming from illicit addresses.
I think to proceed batch transactions state on GPU for analytic needs, and can't find related docs or something to point the way. I imagine it in next way: push blocks to GPU memory and call `eth_call` on Geth. But I not sure if this is even possible in this way. Does anyone has related…
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Data from Bitcoin options shows that crypto traders are currently selling out and uncertain about entering directional bets on the coin’s future transactions. This is the highest occurrence of this kind of investors’ sentiments on the coin since last year May, when more than 50% of Bitcoin’s value declined. Arcane Research’s Report On Bitcoin Crypto market analysis company Arcane Research had recently published a report on the performance of Bitcoin. Their research highlighted that the coin experienced low volatility of over 70%, bolstering that this is the first time options traders have gone on a long-term bearish direction since last year May. Meanwhile, Bitcoin options enable traders to trade on BTC price movements; as the coin appreciates, the price of the options increases. Consequently, the analyzed low volatility shows that investors aren’t ready to bet on the direction of the leading cryptocurrency. Also, this is the first time that the coin’s options have been this cheap since May 2021. Related Reading | Bitcoin Dominance Will Continue To Decline In Favor Of Ethereum, Altcoins, FTX US President In addition, Arcane Research stated that the coin’s volatility skew has peaked since last May. The volatility skew evaluates the difference between market price and call price. Generally, the call option has been more costly than the pull options, creating a downward option skew. Moreover, the recent depreciation in BTC price, the current BTC option skew, has now surmounted to its highest since the overall crypto crash in May 2021. This suggests more sellers than buyers in the coin, resulting in a bearish market. Presently, Bitcoin option investors are the most bearish in a long while. Also, they’re hesitant about choosing a direction they feel that the BTC coin is moving in. Furthermore, the report shows that this signals traders to purchase cheap calls. A Brief On Crypto Options Options enable traders to place trades on an assets’ price directions. For a transaction to be completed, the traders buy the possibilities if the digital asset reaches a predicted price. Also, it’s worthy to note that volatile assets’ options have a greater demand, as they offer better possibilities for leveraging. Consequently, crypto assets with high volatility have more expensive options. Despite Chaos, Bitcoin Price Faces a Turnaround Regardless of traders’ lack of confidence and hesitations in betting on the directions of Bitcoin options, the coin seems to be gaining. From the 4-hour chart, Bitcoin has created an upward triangle pattern and shown a 15% increase from its previous upper boundary. Related Reading | TA: Bitcoin Fails to Test $45K, Why Dips Could Be Attractive For the world’s largest crypto asset to surmount its bullish milestone, it must surpass the upper boundary of the existing chart pattern, which is above $44k. Featured image from Pixabay, chart from TradingView.com
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PRESS RELEASE. INTERNET CITY, DUBAI, Feb. 17, 2022 – LBank Exchange, a global digital asset trading platform, will list Marhaba Network (MRHB) on February 17, 2022. For all users of LBank Exchange, the MRHB/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on February 17, 2022. As an ethical decentralized financial platform, […]
Ethereum failed to clear the $3,200 resistance against the US Dollar. ETH price is declining and might retest the $2,960 support zone in the near term. Ethereum is struggling to clear the $3,190 and $3,200 resistance levels. The price is now trading above $3,050 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $3,060 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it fails to stay above the USD 3,050 support. Ethereum Price Reaches Key Support Ethereum attempted an upside break above the $3,200 resistance zone. However, ETH failed to gain momentum and formed a short-term top near the $3,196 level. Ether price corrected gains and traded below the $3,150 support. There was a move below the 23.6% Fib retracement level of the upward move from the $2,833 swing low to $3,196 high. The price even declined below $3,120. However, it is still trading above $3,050 and the 100 hourly simple moving average. There is also a trading above $3,050 and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com An immediate resistance on the upside is near the $3,100 level. The first major resistance is near the $3,150 level. The main resistance is still near the $3,200 level. A successful close above $3,200 might start a steady increase. In the stated case, the price could rise towards $3,250. Any more gains might send the price towards the $3,320 level. Downside Break in ETH? If ethereum fails to start a fresh increase above $3,100 or $3,150, it could continue to move down. An initial support on the downside is near the $3,060 level, the 100 hourly simple moving average, and the trend line. The next major support is near the $3,020 level. The 50% Fib retracement level of the upward move from the $2,833 swing low to $3,196 high is also near the $3,020 zone. A downside break below the trend line support and then $3,020 could start a major decline. The next major support is near the $2,960 level. Any more losses might call for a move towards $2,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining pace in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $3,050 Major Resistance Level – $3,150
