Category: Cryptocurrency News

PRESS RELEASE. One of the most highly anticipated NFT character drops in the Play2Earn space is imminent to launch on Fungatopia®. In fact Saturday 18th December 2021 will mark the day in history when Funganomics® release their first premier NFT character drop on their brand new marketplace. The NFT character drop is a huge benchmark […]

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

Correction to USD 757.000 submitted by /u/Standard-Year-1178 [link] [comments]

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How can NFT's evolve to prevent theft via screenshots? For starters I think OpenSea should remove the ability to right click save image. Perhaps watermarking the NFT for everyone but its owner? submitted by /u/amac109 [link] [comments]

submitted by /u/yoshisucks1 [link] [comments]

Ethereum is forming a base near the $3,660 zone against the US Dollar. ETH price is correcting higher, but a move above $3,920 is needed for upside continuation. Ethereum is forming a base near the $3,660 and $3,700 support levels. The price is still trading below $4,000 and the 100 hourly simple moving average. There was a break above a connecting bearish trend line with resistance near $3,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $3,920 resistance zone and the 100 hourly SMA. Ethereum Price Forms Base Ethereum extended decline below the $3,800 level. ETH formed a base near the $3,660 and $3,700 levels, and recently started an upside correction. There was a move above the $3,800 level. The price cleared the 23.6% Fib retracement level of the recent drop from the $4,175 swing high to $3,665 low. Besides, there was a break above a connecting bearish trend line with resistance near $3,800 on the hourly chart of ETH/USD. Ether price is now facing resistance near the $3,880 zone. The next major resistance is near the $3,920 level. It is close to the 50% Fib retracement level of the recent drop from the $4,175 swing high to $3,665 low. A clear move above the $3,920 level could stage a steady upward move. Source: ETHUSD on TradingView.com The next stop for the bulls could be $4,000. A close above the $4,000 level may possibly spark a strong rally in the coming sessions. In the stated case, it could even rise towards the $4,250 level. Fresh Decline in ETH? If ethereum fails to start a fresh increase above the $3,920 level, it could start a fresh decline. An initial support on the downside is near the $3,820 level. The key support is now forming near the $3,720 level. If there is a clear break below the $3,720 support, the price could extend losses. The next major support is $3,660, below which the bears are likely to aim a test of $3,500. Any more losses might lead the price towards the $3,320 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly gaining pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is above the 50 level. Major Support Level – $3,720 Major Resistance Level – $3,920

In order to diversify their portfolios, crypto traders turn to fixed-income instruments like bonds and stocks. A substantial economic force to be reckoned with, the cryptocurrency market is a legitimate source of debt securities that are no less reputable than their equivalents. With interest rate derivative products, the creditors in the cryptocurrency market, mostly comprised of lenders and borrowers, hope to stabilize their revenue and reduce their risk. There are two types of interest rate derivatives in the crypto market: one that lets you extend the length of your loan and one that enables you to raise the interest rate. In the traditional financial markets, there is a big difference between the interest rates offered to borrowers, and the interest rates offered to lenders. The same is true in the crypto-financial market. ADALend’s Utilization Ratio The interest rates for both borrowers and lenders will fluctuate with the changes in the utilization ratio of the loans in the specific pool. The interest rate is dependent on the total amount of money available in the liquidity pool, which is denominated in the platform’s LP token. If more people are looking to borrow than funds in the liquidity pool, the interest rate increases; if more people are trying to lend than borrowers, the interest rate decreases. The utilization ratio is a ratio between the total amount of tokens in circulation and the amount of tokens actually used by the platform. The ADALend platform is designed to maintain the utilization ratio at a low level for non-stable coins. In doing so, the platform will maintain a higher amount of tokens in circulation at the same time. The higher amount of token in circulation will allow for the platform to support liquidity mining, in which the token holder is rewarded for holding the token. The token holder will be rewarded for holding the token by receiving loan interest from the borrower. When the borrower pays off the loan, the lender will pay back the interest to the token holder who has been holding the token. This is what makes the token a valued asset. ADALend Protocol for Efficient Idle Asset Management The protocol will reduce idle assets on the platform by shifting a portion of them to stable swap platforms with no temporary loss within the acceptable range. The core program architecture of the ADALend project includes making use of idle assets. Rather than storing your assets in cold storage, they can be leased out or borrowed to support the ADALend Lending protocol. This will not only aid in the recovery of the asset’s idleness, but it will also result in a profit for the asset’s owner as a result of its sale. It will, in turn, be beneficial to everyone in the blockchain market sector, which makes use of the Cardano ecosystem as a result of this, which assures an equitable asset allocation based on the terms of the loan arrangement between the borrower and lender.