Category: Cryptocurrency News

Despite the fact that Bitcoin has made a new ATH above $66,000, the exchange reserves have continued their trend of decline. Bitcoin All Exchanges Reserve Continues To Go Down As pointed out by a CryptoQuant post, the Bitcoin all exchanges reserve continues to show a downtrend despite the crypto making new all-time highs (ATHs). The all exchanges reserve is a BTC indicator that tells us the total amount of coins deposited on centralized exchange wallets. When the value of the metric shows an increase, it means investors are sending more of their Bitcoin to exchanges. This could imply that there is a selling pressure in the market as holders usually move their crypto to exchanges for withdrawing to fiat, or for purchasing altcoins with them. Decreases in the indicator, on the other hand, suggest the supply for BTC is shortening as investors are taking their coins off exchanges. Such a trend could mean there is a buying pressure in the market and may prove to be bullish for the price. Here is a chart that shows the trend in the Bitcoin all exchanges reserve indicator over the past couple of weeks: Bitcoin reserves seem to be trending downward | Source: CryptoQuant As you can see in the above graph, while the price of BTC has shot up recently as the crypto makes new ATHs, the indicator’s value has sharply fallen down. Related Reading | As Bitcoin reaches New ATH, Another Promising Cardano Project RavenDex unveils Their DEX front Demo, Kicks Of Seed Sale To Early Investors What this implies is that many investors still haven’t tried to realize their profits. They have rather withdrawn their BTC and took it to personal wallets for hodling. Below is another chart, this time for the Long-Term Holder SOPR indicator, which shows the degree of realized profits by investors who have owned their coins for more than 155 days. BTC SOPR has been minimal recently | Source: CryptoQuant As you would expect based on the reserves, the long-term holder SOPR has low values right now, showing that long-term investors still haven’t moved to realize their profits. Related Reading | Bitcoin Futures ETF Exceeds Expectations, Trades $1 Billion On Day One Even though BTC has already made new ATHs, it would seem holders are still expecting the price to appreciate further before they begin to harvest their gains. BTC Price At the time of writing, Bitcoin’s price floats around $65.7k, up 14% in the last seven days. Over the past month, the crypto has gained 51% in value. Here is a chart showing the trend in the price of BTC over the last five days: Bitcoin’s price continues to make new ATHs as the price flies past the $65k mark | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com

Data monopolists like Google have abused their position, according to Internxt’s Fran Villalba Segarra. Decentralized architecture offers a solution.

submitted by /u/ExtensionSinger4154 [link] [comments]

The Associated Press (AP) has historically been known as one of the most reliable sources in news data. This week, the AP has announced that they are launching a Chainlink node to make a variety of different datasets available to leading blockchains. The AP has continued to be aggressive in utilizing blockchain technology to provide data in the quickest and most reliable way possible. Moving At The Speed Of News In today’s world, news is arriving to consumer’s eyes and ears faster than ever. The Associated Press’ move this week to leverage Chainlink oracles will look to address exactly that, all while maintaining the verifiability and legitimacy of the data. According to the AP’s press release, in utilizing the Chainlink node, “AP data will be supplied and sold directly to applications running across various blockchains.” Additionally, the AP will have the data cryptographically signed to maintain veracity. Data will initially be focused around U.S. political race calls, economic data, sports game outcomes and business financials. These data sets can often be ‘around-the-clock’ data that is constantly evolving and in high demand for the latest possible updates, making them ideal pieces of data to have streamlined through Chainlink oracles. Dwayne Desaulniers, AP director of blockchain and data licensing, noted that “Chainlink technology is the ideal way to provide smart contract developers anywhere in the world with direct, on-demand access to AP’s trusted economic, sports, and race call data.” Chainlink’s token LINK has been through a rocky year, but the blockchain has continually been a force for real-time API data feeds. | Source: LINK-USD on TradingView.com Related Reading | PayPal Co-founder Peter Thiel Admits He Underinvested In Bitcoin The Associated Press Perspective On Blockchain As the AP notes in their press release, this isn’t their first endeavor into crypto and blockchain technology. The company partnered with blockchain-based encyclopedia Everipedia last year to publish U.S. political race calls last year during a fiery election season. Earlier in the year, the Associated Press was the first to sell a media NFT, which yielded over $150K at final sale. The AP is coming back for more by releasing a new NFT collection on the Binance Marketplace as well, and many other publications, like TIME Magazine, have followed suit. Additionally, the AP has been delivering data to engage with digital generative artworks. Imagine art on your wall that changes as the weather does? Data feeds impacting generative art are showing immense potential, and the Associated Press clearly wants to be a part of it. Meanwhile, Chainlink to continues to build established relationships with major players; Chainlink has worked with Google Cloud since 2019 to incorporate Google weather data to power decentralized insurance around weather. Expect more major data-movers to come on board in the years to come. Related Reading | LUNA Outperforms Bitcoin’s Rally, Why It’s Ready For Massive Gains Featured image from Pexels, Charts from TradingView.com

A person I went to high school with is trying to make a ERC20 token just for laughs. but the code keeps coming up as BEP20. He doesn’t want to use the BSC ecosystem he wants to use the Ethereum Ecosystem How does one go from BEP-20 to ERC20 In code For reference he was…
Read more

Hi everyone. The Moonstream.to team just released a paper on the Ethereum NFT market. Our analysis involved over 7 million NFT transactions that took place on the Ethereum blockchain between April 1, 2021 and September 25, 2021, across over 700,000 accounts. We discovered that the top 16.71% of NFT owners control 80.98% of NFTs. This…
Read more

A Senate committee in Australia has made a number of proposals to address the lack of proper regulations for the cryptocurrency space. The lawmakers believe the country needs new rules for its fintech and digital asset industries to be able to compete with jurisdictions that are already attracting some of its own crypto firms. Senate […]

Blockchain interoperability might just be becoming a reality, with cross-chain NFT games taking the lead.

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

I have had my eye on a certain ENS domain for a while now, and it expires tomorrow. It would most likely be considered a higher demand domain that could sell for a decent amount. Should I be worried about bots claiming the domain right when I attempt to buy it? New to ENS, so…
Read more