Academic research claims ETH is a 'superior' store of value to Bitcoin https://cryptonews.net/2827113/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared Paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3970338 submitted by /u/No_Chemistry_7892 [link] [comments]
submitted by /u/5TTAGGG [link] [comments]
We have seen Cryptocurrency Community grow very fast. Every day there are new people that get into it due to the hype or for gains, or because they like the projects and their value. Not everyone understands how to approach Crypto safely. Many people make good profits through altcoins, later they just hodl those gains…
Read more
submitted by /u/trogdortb001 [link] [comments]
I just came across this twitter thread saying Celsius lost 900 BTC to the Badger DAO hack Recently Badger DAO (a defi protocol Celsius might have been using) was hacked and $120 million was stolen. The hackers managed to gain access to the website and add a malicious script that drained funds from users' wallets.…
Read more
The award-willing artists want their new release “This is Fine” to become the first NFT single ever to go platinum, but it’s unclear whether that is even possible.
I know some of them are paid shills, and some actually do research and try their best to inform people about different projects, good or bad. However, if they recommend a project that they have already invested in and get their followers to pump the price, how is that not considered market manipulation? What's to…
Read more
After help them install Metamask, transfer them some eth, what dapp should I show them to get the idea? I tried uniswap but the concept of Defi makes things complicated. submitted by /u/wonderfuly [link] [comments]
Bitcoin is struggling to surpass the $57,200 resistance against the US Dollar. BTC is declining and it might accelerate lower if there is a close below the $56,000 support. Bitcoin is struggling to move above the $57,000 and $57,500 levels. The price is now trading below $57,000 and the 100 hourly simple moving average. There is a key contracting triangle forming with support near $56,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate lower if there is a clear break below the $56,000 support zone. Bitcoin Price is Facing Hurdles Bitcoin price failed to start a decent increase above the $58,000 resistance zone. BTC started a slow decline, and it broke the $57,200 support level to enter a bearish zone. There was also a close below $57,000 and the 100 hourly simple moving average. However, the bulls are defending the $56,000 support level. The recent low was formed near $55,848 and bitcoin is now consolidating losses above the $56,000 level. An immediate resistance on the upside is near the $56,600 level. It is near the 23.6% Fib retracement level of the recent decline from the $59,090 swing high to $55,848 low. The first major resistance is near the $57,000 level. There is also a key contracting triangle forming with support near $56,100 on the hourly chart of the BTC/USD pair. The next major resistance is near $57,500. It is close to the 50% Fib retracement level of the recent decline from the $59,090 swing high to $55,848 low. A clear break above the $57,500 resistance zone could open the doors for more upsides. The next key resistance is near the $58,500 level, above which the price could rise steadily. The next stop for the bulls may possibly be near the $60,000 level. More Losses In BTC? If bitcoin fails to clear the $57,500 resistance zone, it could extend losses. An immediate support on the downside is near the $56,100 level. The first major support is now forming near the $56,000 level. A downside break below the $56,000 support may perhaps start a sharp decline. The next stop for the bears might be $53,500. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently below the 50 level. Major Support Levels – $56,000, followed by $55,000. Major Resistance Levels – $57,000, $58,500 and $58,500.
