Category: Cryptocurrency News

Lately I've been searching for realistic moonshots, basically getting into good coins semi-early on. So I wanted to share my process to help out other newbies and potentially help give ideas to implement a similar process. At first, I wanted to watch every new coin being made, reality is you're really limited to the platform…
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Full EVM compatibility, Solidity, Rust, TinyGo support, sharded chains with full interoperability, Defined fees (or none). I'm an IOTA supporter, but curious as to this community's thoughts and reactions. https://blog.iota.org/iota-smart-contracts-beta-release/ submitted by /u/dxnxax [link] [comments]

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could…
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This is why I love this sub – within 20 minutes we get the following two posts: 1. Cardano is dead, it’s a zombie coin that everyone doesn’t realize is dead and Cardano is poised to grow 3-5x in price in the next few months with a market cap of $70 billion plus … Polar…
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Cardano's throughput is currently incredibly low. The best case is 6.5tps. This is hardly more than Bitcoin. The worst case is significantly lower. https://i.imgur.com/sIglkyi.jpeg This is not currently an issue, as Cardano's blocks are not full. They're currently sitting at about 30% full. However, if any adoption/usage of smart-contracts arises (DeFi, NFTs, etc) then Cardano…
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https://decrypt.co/84045/bitcoin-flash-crash-binance-us-caused-algorithm-bug-exchange On Oct 2021 at 7:30 am EST, Bitcoin went down from 66.4k to 8.2k in a minutes time on Binance.US This "bug" concidentally happened within minutes of ETH nearing/hitting and all time high. ETH also went from $4,371 down to $2,800 on Binance.US. Other coins such as XLM also experienced an 80% drop. Since…
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Cardano successfully deployed the Alonzo Hard Fork Combinator over a month ago, which has no doubt been one of the most important upgrades to happen on the network Alonzo HFC brought with it smart contracts capability on the network and with this came decentralized finance (DeFi) services to the ecosystem. Developers could now develop and deploy decentralized applications (DApps) on the Cardano blockchain. This provided a boost for the network and Cardano continues to work with developers to get their DApps deployed on the blockchain. After this milestone, a question on the minds of supporters has been, ‘What’s next?’ With the Alonzo HFC operating as intended, the developers behind the blockchain can now move to the next phase. This phase is referred to as the Babbage era. Related Reading | Cardano Loses 3rd Spot On Crypto Top 10, Why It May Drop Even More The Next Big Step Kevin Hammond, software engineer at Input Output gave an update on what the developer was working on next. Hammond revealed that IOHK was moving into what they referred to as the Babbage era. This phase which is named after Charles Babbage, the mathematician credited as “the father of the computer”, is meant to smooth out any wrinkles that may be leftover after Alonzo. ADA price at $2.32 | Source: ADAUSD on TradingView.com IOHK will roll out various performance improvements on the blockchain in this phase. These, Hammond said, are improvements which the developer had been working on for some time but had not yet launched. The developer intends to improve the sinking speed, and in addition, will address performance issues that operators have pointed out since the Alonzo HFC has been in operation. This part is important in ensuring that users of the network have a smooth experience when carrying out activities on Cardano. Realizing The Best Of Cardano The Plutus Language on the Cardano network is also getting an upgrade. Hammond revealed that the developer was planning on improving the language by introducing a new Plutus Language version on the blockchain. The Plutus script-specific aspects of the network will be improved to allow for a faster and increased volume of transactions in each block. This new Plutus version will feature additional features which were created due to demand from the user base. Since the network has seen increased activity from the developer-side, it has also come with various requests on the things that they would like to see the network do. Related Reading | ADALend Makes It On “The Essential Cardano List” By IOHK On the decentralization side, Hammond talks about the network’s plans to further decentralize the blockchain. The software engineer didn’t give many details on this, but this will likely be a situation where Cardano puts the community more in control of what happens on the network. The revelations from Hammond are evidence of the fact that IOHK is continuing its work to make the blockchain the best it can be. Featured image from Bitcoin News, chart from TradingView.com

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

Bitcoin has been rejected in the high area around its current levels and trends to the downside in the daily chart. At press time, BTC’s price has slide back into early week levels trading at $62,668 with a 5.1% loss in the daily chart. The bullish sentiment remains as Bitcoin has been able to retain its profits in higher timeframes. The benchmark crypto smashed its previous all-time high at $65,000 and roared its way up to the $68,000. Related Reading | Lucky Buyers Possibly Bag $8K Bitcoin During Early Morning Flash Crash Analyst John Wick believes Bitcoin could follow a similar trajectory as in 2017. As seen below, BTC performance has been imitating the price action at that time with a similar ATH breakout and continuation of the bullish trend. On this rally, Bitcoin has managed to break several all-time highs in its indicators. The upwards trend has been propelled by the launch of a BTC-link ETF in the United States. This investment product tracks the price of Chicago Mercantile Exchange (CME) futures contracts. Thus, many traders are looking into Bitcoin’s Open Interest has it made its way up with the price of the underlying asset. The BTC Futures Open Interest OI stands at $5.75 billion in the CME, according to data from Skew. The exchange now traders more contracts that Binance, FTX, Bybit, and other major exchanges most likely due to the impact of the Bitcoin ETF. Related Reading | Bitcoin New All-Time Cleared, $100,000 Straight Ahead? Bitcoin At Risk Of Further Downside Or Heating Up For New ATH Further data provided by CryptoQuant point to a heating up in the futures market with the leverage ratio increasing to September levels. Funding rates are going positive, as traders expect more gains and short-term investors take leverage Bitcoin positions. The Bitcoin Option Open Interest follows a similar trend that the futures market, Delphi Digital noted. The OI in this sector also reached an all-time high, the firm said the following on the increase interest on this market: This was expected given BTC’s new all-time high and futures markets hitting record open interest levels too. Most activity is centered around short to mid-term call purchases. In the short term, Bitcoin could continue its rally as historical data suggest. Some analyst claims BTC’s price tends to return to discovery mode a few days after a successful push into new highs. Related Reading | Despite New ATH, Bitcoin Exchange Reserves Continue To Decline However, as the futures market runs hot, the bulls could face hurdles. In the past, whenever too much leverage enters the market, Bitcoin tends to correct to shake out short-term investors. Only time will tell if history repeats.