I was just wondering if layer 2s increase the value of eth since their still using the eth system but also reducing the load of the layer 1. Do all eth smartcontracts increase eth value. For example shiba inu uses erc20 so does that mean the more people that buy shiba it increases the value…
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Voyager, a publicly-traded cryptocurrency platform, today announced it has entered into a five-year exclusive, integrated partnership with the NBA’s Dallas Mavericks, becoming the team’s first cryptocurrency brokerage and international partner. The Dallas Mavericks and Voyager will work to make cryptocurrency more accessible through educational and community programs, global activations, and fan engagement promotions. Moreover, the…
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“No one is looking to allow Russian people to earn money with crypto operations,” the official claimed.
I’m a football fan and recently I saw the news of West Ham collaborating with a crypto company called Yield App (source) I noticed this has been a trend lately. At first I was delighted because this means crypto is becoming mainstream and soon enough I can go to my favorite local restaurant and be…
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Bitcoin’s new all-time high this month has led to a number of interesting developments in the crypto space. The success of the first Bitcoin ETF contributed greatly to the price of BTC finally bursting through the $67K price point and with it has come to a spike in funding rates in the market. The ProShares ETF saw over $1 billion in trading volume in its first day, signaling increased inflows into the market. The spike in funding rates moved along with the price movements of BTC in the month of October. This spike maintained momentum along with BTC movements. However, as the price of bitcoin has begun a downward trend, funding rates have also evened out to mid-October levels. Bitcoin Open Interest Spikes Open interest in bitcoin had recorded a significant spike when the price of the digital asset had moved past $67K. BTC-denominated open interest in perpetuals had since a sharp increase to the tune of 15,000 when the asset reached its new all-time high in October. The spike in BTC-dominated perpetuals had risen past levels recorded during the April all-time high. Related Reading | Brace For Impact: Wall Street Is Headed Straight For Bitcoin, Says Analyst The increased interest from big money is credited for the spike in the funding rates recorded last week. More specifically short-term traders expected the value of the digital asset to continue to grow and break past $70K. Funding rates have shown similar movements to the futures market in recent times. Funding rates for BTC spikes in October | Source: Arcane Research Arcane Research put forward that this increase in open interest and increased funding rates could point to leveraged long-trades currently in the all-time high range. If this is so, then this is something to keep an eye on if the price of the digital asset continues to decline in the coming days. Big Money Moving Into The Market Institutional inflows also saw record volumes following the all-time high breakout last week. A CoinShares report showed that bitcoin saw inflows of up to $1.45 billion in the past week alone. Most of this volume came from trading in the ProShares ETF that debuted on Tuesday last week. An additional $138 million flowed into BTC products in other regions. BTC price falls below $59,000 | Source: BTCUSD on TradingView.com Sentiment on Wall Street is beginning to turn in favor of the top cryptocurrency in the market. Data showed that the number of Wall Street brokers interested in the BTC and the market had spiked from 5% at the beginning of the year to 15% presently who say that they are starting to make investments in BTC more seriously. Related Reading | Analyst Puts Bitcoin Bottom At $50,000, Here’s Why Market sentiment overall remains positive with the all-time high run of the previous week. However, declining prices have led investors down a more cautious path when trading in the cryptocurrency. Bitcoin’s price touched $58K in the early hours of Wednesday ahead of market opening for midweek trading. Featured image from iStock, charts from Arcane Research and TradingView.com
With https://layerswap.io, you can directly send crypto from your crypto exchange accounts to the Arbitrum network without paying ridiculous gas fees. How does it work? Let's say we want to transfer 0.1 ETH from our Binance account to Arbitrum. By using Layerswap, we transfer 0.5 ETH to Layerswap's Binance account. As this transaction is internal,…
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Went to check my stake accrual like always but now don’t see the ticker in the app. Anyone else seeing this? submitted by /u/420DepravedDude [link] [comments]
Rostin Behnam said it was “critically important to have a primary cop on on the beat” of an emerging market that included cryptocurrencies and stablecoins.
Hey so I want to build a mining rig and plan on trying my luck with solo mining to hopefully ROI faster. I have looked a bit online and came across 2miner to solo mine but I would be using a solo pool. Is that still considered solo mining and I can just replace my…
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submitted by /u/Much-Kaleidoscope577 [link] [comments]
