Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Deletion of data in a DAPP created using ethereum blockchain

If a DAPP social media is created, can the data that is illegal or down-right-immoral (for example child porno) be removed from the application's data? submitted by /u/_notkk_ [link] [comments]

Polygon Network vs Polygon Hermez?

submitted by /u/ThreeMuskets [link] [comments]

How to use Matic Bridge to bridge tokens from Ethereum to Polygon

submitted by /u/Minayafl [link] [comments]

Data Shows Bitcoin Short-Term Holders Have Started To Sell At A Loss

On-chain data shows Bitcoin short-term holders are increasingly selling at a loss following the latest crash in the crypto’s price. Bitcoin Short-Term Holder SOPR Dips Further Below One As pointed out by an analyst in a CryptoQuant post, on-chain data shows that the STH SOPR has decreased to July levels, suggesting that short-term holders are increasingly realizing their losses. The Spent Output Profit Ratio, or “SOPR” in short, is a Bitcoin indicator that tells us whether investors are selling at a loss or a profit during a given period. The metric’s value is calculated by taking the ratio between the value of coins at spent time, and that at the time of creation. If the SOPR drops below one, then it means investors are, on an average, selling at a loss. While if it floats above the threshold, then the overall market is making a profit. It being exactly equal to one implies holders are breaking even. A slight modification of this indicator is the STH SOPR, which measures the profit ratio of only those coins that were held for less than 155 days before being sold. These coins are usually assumed to be the short-term holder (STH) supply. So, the STH SOPR highlights whether these holders were selling in profit or not at a specific time. Related Reading | Understanding Bitcoin UTXO: Mid-To-Long Term Holders Responsible For November Correction Now, here is a chart that shows the trend in this Bitcoin indicator over the past year: Looks like the the value of the indicator has sharply dropped recently | Source: CryptoQuant As you can see in the above graph, the Bitcoin STH SOPR declined to 0.95 yesterday. The last time similarly low values were observed was back in July. These current low values suggest that short-term holders are increasingly dumping their coins at a loss right now. A similar trend was seen following the May BTC crash. Related Reading | SEC Boss Acknowledges That Bitcoin Is A Competitor For U.S. Banking System The analyst in the post thinks that either the coin may now follow a similar sideways movement as to the one seen then, or it may set up a final leg up for Bitcoin as was the case in July. BTC Price At the time of writing, Bitcoin’s price floats around $48.4k, down 15% in the last seven days. Over the past month, 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 mostly moved sideways since the crash | Source: BTCUSD on TradingView A few days back, Bitcoin’s price crashed down to as low as $42k before jumping back up to current levels. Since then, the crypto has mostly consolidated sideways. Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com

ETH based Mortgages/Smart Contracts – currently available?

Having a hard time finding an answer to this. Can I currently sell my house using the ETH blockchain with a smart contract of sorts? Are mortgage smart contracts a thing yet or do I still have to use regular banks and dollars? submitted by /u/spliffyshirt [link] [comments]

Here’s why analysts expect ‘choppy’ Bitcoin price action between $42K and $53K

Traders expect Bitcoin price to stay in a “choppy” $42,000 to $53,000 zone until confidence returns to the market.

Craig Wright Cleared of All Charges Except a Conversion Count, Jury Awards $100 Million to W&K Info Defense

The Kleiman v. Wright trial has come to a conclusion and Craig Wright and his defense team has won on all claims except one count of conversion. According to a court reporter, Craig Wright, the man who claims to be Satoshi Nakamoto, said he was “incredibly relieved.” Craig Wright’s Defense Wins on All Claims Except […]

Looking for reflection coins on eth chain

TIA everyone. Title says it all. I'm working on a project around reflection tokens and I honestly thought there were more of them on eth. I mean there are a lot of them but primarily on BSC. HOGE and RFI are the only two coins I could find on eth chain at a mktcap of…
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We are seeing ‘10x growth in terms of the number of nonprofits accepting crypto,’ says Alex Wilson of The Giving Block

The amount of crypto donations through The Giving Block surged to $100 million this year from $4 million in 2020.

It’s insane how people can complain about crypto price action when “grandpa BTC” the past year is up more than the S&P 500 the past 5 years…

People are WAY too focused on getting rich quick, it’s so frustrating to watch. It seems like most people here don’t realize how they’re participating in a once in a lifetime type of investment opportunity. To my knowledge there has never been a greater vehicle to perpetuate the transfer of global wealth. There are 56.1…
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