Banks have charged low income Americans $12.4 Billion in overdraft fees in a year, this is an all time high, never have they taken this much. And nothing is being done against it. But when some guy orders weed and pays with Crypto, it is a serious problem the nation need to solve and some…
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Over 1 million Ethereum have been burned since the cryptocurrency went through a technical upgrade called the EIP-1559 protocol in August, according to a Tweet on Wednesday from market data aggregation and analytics platform CryptoRank. Background: The EIP-1559 protocol, also known as the London Hard Fork, resulted in some Ethereum being burned to lower inflation…
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Hi All, I was using wormhole bridge to convert ETH from Solana to Metamask (WETH). For some reason the transaction is stuck (https://etherscan.io/address/0x7c8b594a144ff301ec3b14cb91ea15944403f167). When trying to "redeem" on wormholebridge it comes up with an error "value is too low". How do I go about redeeming my WETH? Thanks! submitted by /u/kravecaptain [link] …
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When it comes to cryptocurrency there is probably nothing more important than "Do your own research". Do Your Own Research, say English speakers. DYOR. There is a lot of information out there and it can be difficult to understand what is real and has potential, what is real and doesn't have much potential, or what…
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Celsius Network, which holds over $26b in customer assets is still being silent on whether their CFO ,Yaron Shalem, was recently arrested on fraud allegations in Israel in connection to the Moshe Hogeg case. Shalem was formerly CFO at venture capital firm Singulariteam Ltd., headed by entrepreneur Moshe Hogeg. Hogeg, his firm and his associates…
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Bybit recently launched Flexible Staking on its ByFi Center. This new service allows traders to stake BTC, ETH, USDT, and USDC to earn stable and guaranteed yields. Participants will receive yield every day for their staked tokens. Traders can get started by staking at least 0.01 ETH, 0.001 BTC, 50 USDC, or 50 USDT. For […]
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The news of the latest COVID variant is invoking a fresh wave of FUD among investors, with Bitcoin crashing down to $54k, and markets across the board slipping into the red. Bitcoin Plunges To $54k As News Of COVID Variant Emerges Financial markets are moving into the red on Friday as news of a new COVID variant makes investors around the world worried. According to a BBC report, this new variant was discovered in South Africa, and scientists have found it to be the most heavily mutated version so far. Not much is clear about the variant’s properties yet, but what looks to be most worrying so far is that this version of COVID may be vaccine resistant due to the large number of mutations. The Director of the Centre for Epidemic Response and Innovation in South Africa, Prof. Tulio de Oliveira, said “This variant did surprise us, it has a big jump on evolution [and] many more mutations that we expected.” If it indeed turns out to have strong immunity to the vaccine, then vaccination efforts so far may become ineffective, and nations around the world may look at enforcing new lockdowns. Because of these fresh COVID concerns, investors have started to de-risk their holdings. This sell off has taken Bitcoin down to $54k. Related Reading | Bitcoin Thanksgiving Day Data Reveals Peak Possible Within 30 Days Here is a chart that shows the trend in the price of BTC over the past day: BTC’s price plummets down | Source: BTCUSD on TradingView As the above graph shows, Bitcoin is currently down 8% in the day so far, but earlier it went down to as low as $53.5k. Almost $200 million in BTC was liquidated in the past 12 hours alone as traders are looking to catch the bottom with leveraged longs. BTC liquidation data over the past 24 hours | Source: coinglass What Could Be Next For BTC’s Price? Just yesterday, Bitcoin’s price finally started to show some recovery from the decline that followed its new all-time high as the crypto broke past $59k once again. Related Reading | JPMorgan Lists Ethereum As A Better Investment Than Bitcoin The below chart highlights the trend in the price of the crypto over the past few days. BTC’s price almost started on the path to recovery before this crash | Source: BTCUSD on TradingView However, before this recovery could come to fruition, the news about the COVID variant arrived, and the price of the crypto once again crashed down. At the moment, it’s unclear which direction Bitcoin might go in next. The coin may have already hit the bottom, but it’s possible that as more news about the variant surfaces, the coin may travel further down still. Featured image from Unsplash.com, charts from TradingView.com
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