Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Help the Homeless On A Night Bus in Winter

I am writing this post as this Winter I want to serve the people who don't have a roof on head and surf Buses/Tubes and Public transport for warmth. You can categorize such people as either Victims of Circumstances (Generally reciprocative of help) Family Problems abusive spouse/ parents/ siblings/ children. Visa and Legislative Problems/Asylum Seekers…
Read more

Is it Illegal to turn collectable items with I.P. into NFT’s?

What if i bought up a bunch of retro star wars action figures, turned each one into an NFT and sold those as a collection on the open market? Can Star wars come after me? Technically I'm just a reseller just like any other pawn shop – except it's got a digital NFT with it.…
Read more

Kraken are now delisting XMR (Monero) from their site on the 26th for the UK

I'm a fan of privacy coins, big fan of Monero both for the anonymity, fast transactions and low fees. It is dumb and ridiculous Kraken are taking it down from their site due to "UK regulations" Full email from Kraken: Hello, We are reaching out regarding an update to trading and funding of Monero (XMR)…
Read more

Bitcoin MVRV Shows Top Isn’t In Yet, BTC Still Has Room To Grow

The MVRV indicator shows that Bitcoin currently hasn’t reached the top yet, and the crypto may still have room to grow. Bitcoin MVRV Ratio May Show The Top Hasn’t Been Reached Yet As pointed out by a CryptoQuant post, on-chain data suggests MVRV ratio values are still low right now, implying that the coin hasn’t yet made the top. The Market Value to Realized Value (or MVRV in short) ratio is a Bitcoin indicator that’s defined as the market cap divided by the realized cap. MVRV Ratio = Market Cap ÷ Realized Cap The metric’s value tells us whether BTC’s current price is fair or not. If the ratio gets too high, it may mean that the coin is overvalued right now. This may imply there is selling pressure at this point. On the other hand, the price of the coin may be considered undervalued during periods where the MVRV ratio is low. A buying pressure could be present while such values sustain. Now, here is a chart that shows the trend in the value of this Bitcoin indicator over the past few years: Looks like MVRV values are still not very high | Source: CryptoQuant As the above graph shows, during all the previous bull runs, the indicator’s value has shown sharp spikes near the top. Related Reading | Inflation fears sparks Bitcoin rally before Taproot – Crypto Roundup, Nov 15, 2021 As very high values suggest Bitcoin is overvalued and that a correction could come soon, the MVRV ratio may be used to spot tops. Similarly, low values may be considered good buying opportunities. Looking at the chart, the indicator’s value now seems be lower than what was seen during the early 2021 rally (and also during the 2017 bull run). So this may imply that despite BTC declining in the past few days, the top may not be in yet. And the crypto could still have more room to grow. BTC Price At the time of writing, Bitcoin’s price floats around $59k, up 9% in the last seven days. Over the past thirty days, the coin has gained 5% in value. The below chart shows the trend in the price of BTC over the last five days. BTC’s price has dropped off in the last few days | Source: BTCUSD on TradingView Since Bitcoin made its new all-time high around $69k, the coin has been trending downwards. In the past few days, the crypto has mostly shown sideways movement. Related Reading | Preview Of The Peak: November Rains Red For Bitcoin Holders There hasn’t been any sign of recovery yet, but if the MVRV ratio is anything to go by, BTC’s price may still have a while to go during this run. Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com

Algorand once again trading inverse to the rest of the market with 4B+ trade volume.

Algorand has over 4 Billion trade volume in the last 24 hours. Last night a huge whale bought into Algorand, causing the price to spike to $2.82 on coinbase. It seems like it's not slowing down either. There are rumors that Brazil will be building their CBDC on top of Algorand so there is much…
Read more

Official ravencoin wallet creates negative pressure. Change my mind.

I'm looking for an alternative, anyone have success with another wallet? submitted by /u/Logical_Username [link] [comments]

World’s Largest Collector Car Auction House RM Sotheby’s to Accept Cryptocurrencies

On Wednesday, the world’s largest collector car auction house by total sales, RM Sotheby’s, announced the company will be accepting cryptocurrency payments via Bitpay. The firm’s upcoming Guikas Collection sale on November 19 will be RM Sotheby’s first auction to accept digital currency payments for collectible automobiles. RM Sotheby’s Announces Crypto Payment Support via Bitpay […]

Eldrige leads Digital Currency Group's maiden $600 million debt funding round

Davidson Kempner Capital Management, Francisco Partners, and Capital Group were among the investors in Digital Currency Group’s debut into the debt capital markets.