On September 21, the non-fungible token (NFT) fantasy football platform Sorare announced the company raised $680 million in a Series B funding round led by Softbank. The capital raise gives Sorare a new valuation of around $4.3 billion and the company plans to open a U.S.-based office. Sorare Reveals $680M Capital Raise Non-fungible token (NFT) […]
https://reddit.com/link/psplng/video/e51hcbcumwo71/player You can get the Frame Chrome extension here: https://chrome.google.com/webstore/detail/frame/ldcoohedfbjoobcadoglnnmmfbdlmmhf Announcement: https://twitter.com/0xFrame/status/1439931585873186821 submitted by /u/auglayer [link] [comments]
"Invest only what you can afford to lose" , "Invest the amount of money you can stomach seeing 80% down" — that's what you've been repeatedly told. But you know better than to listen to strangers on the internet, right? So, a million dollar question is — are you overinvested? There is a simple test…
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On-chain data shows Bitcoin exchange reserves continue to decline despite the recent dips, as values reach lowest since 2018. Bitcoin Exchange Reserves Continue To Go Down As pointed out by a CryptoQuant post, the BTC all exchanges reserve is moving down despite the recent downtrend in the price of the cryptocurrency. The Bitcoin all exchanges reserve is an indicator that shows the total amount of coins held on all centralized exchange wallets. A dip in the value of the metric suggests investors are transferring their BTC to personal wallets, either for holding or for selling through OTC deals. On the contrary, an increase in the indicator implies investors are sending their coins to exchanges for withdrawing to fiat and stablecoins, or for purchasing altcoins. Here is a chart showing how the Bitcoin exchange reserve has changed over the years: The exchange reserve continues to decline As you can see from the above graph, the BTC all exchanges reserve has hit lows not seen since 2018. Usually, during periods of big price swings, the indicator’s value shows a spike as investors look to shift their positions in the market. Related Reading | Bitcoin Holders Take Profits As Price Falls, Indicators Remain Bullish? However, despite the recent dips, the metric has only been trending downward. What’s the reason behind this? Well, one possible scenario could be that there are now more long-term holders in the market that are waiting for the price to appreciate further before they make any moves. A downtrend in the exchange reserve is often a bullish indicator as it shows buyers are accumulating Bitcoin, while an uptrend could lead to crashes in the crypto. Below is another chart that shows the BTC netflow indicator over the last couple of days. Looks like the Bitcoin netflow showed a huge negative spike yesterday The netflow indicator measures the net number of coins exiting or entering exchanges. As is apparent from the above graph, the metric had a big negative spike yesterday, which implies a large amount of BTC was pulled off exchanges. Related Reading | Did Turkey’s President Say “We Are In A War Against Bitcoin”? An Investigation BTC Price Yesterday, Bitcoin’s price crashed down to $40k after peaking just below $49k a few days back. But the price has since jumped back a bit as it floats around $43k at the time of writing. The crypto is down 7% in the last 7 days, while over the past 30 days, the value is 11% less. Here is a chart showing the trend in the price of the coin over the last five days: BTC’s price crashes down to $40k, but quickly recovers back up a little | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant
Mysten Labs’ engineers formerly created the blockchain network on Facebook’s Diem and Novi crypto projects.
I saw that T-Rex has a new version and in the change log it reports "(kawpow) Add CPU share validation functionality for all progpow-like algorithms" Does anyone know what this actually does and if it will help with hashrate? submitted by /u/referralcrosskill [link] [comments]
First of all notice the COMEDY tag, even though those are all facts I used the tag because I'm not trying to hate on US people (love you), so I'm joking. Joking with the truth though. Second, I did NOT put all my lifesaving in to crypto. But if I did then what's the big…
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submitted by /u/Funkoma [link] [comments]
The Evergrande crash has so far caused a decline of 10-15% in the cryptocurrency market, and while many might buy the dip right now I’d suggest waiting for tomorrow’s even bigger crash Why crypto (and other markets) will crash tomorrow – 1) The Chinese stock market will open after 2 days of holiday. Everyone is…
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Ether price is stuck in a rut, but derivatives data shows pro traders are bullish even with ETH below $3,000.
