Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Can someone help me understand network fees in ribbon.finance defi product?

Hi, I am trying to use the ribbon.finance products. I setup the coinbase wallet app in chrome browser and transferred what I thought would have been $100 worth of USDC but that came out $65 worth of USDC after fees. When I go to deposit USDC into the ribbon.finance contract that I linked above, I…
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OMG price crashes by one third after BOBA airdrop snapshot

Users have been looking forward to this snapshot for a while but while they’ll be getting BOBA tokens later in the month, the value of their OMG tokens crashed by one third today.

OMG price crashes by one-third after BOBA airdrop snapshot

Users have been looking forward to this snapshot for a while, but while they’ll be getting BOBA tokens later in the month, the value of their OMG tokens has crashed by one-third.

A beginner’s guide to DeFi

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

TIL: Robinhood uses intentionally misleading terminology to disguise hidden Crypto trading fees

submitted by /u/Ionlyhave15toes [link] [comments]

Solana Labs co-founder: We don’t want to kill ‘beautiful’ Ethereum

Solana Labs’ co-founder thinks the fight between Ethereum and so-called “Ethereum killers” is unnecessary, as the true aim for people working in crypto should be to onboard “every human” onto Web 3.0.

Solana Labs co-founder: We don't want to kill 'beautiful' Ethereum

Solana Labs’ co-founder thinks the fight between Ethereum and so-called “ETH Killers” is unnecessary, as the true aim for people working in crypto should be to onboard “every human” onto Web 3.0.

Top 3 Mistakes I Learned From That I Hope May Benefit You Too

Let's cut to the chase. Crypto in essence is the wild wild west of investing. Whether it's the rug pulls, scams, or volatility, we all have to be cautious before what gives us gains also makes us humble. Let's get to it then: (1) STORING SAFELY: Early on, I setup a mining rig, which was…
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Bitcoin Consolidates Losses, Why 100 SMA Holds Is The Key

Bitcoin price started a downside correction below $65,000 against the US Dollar. BTC must climb above the 100 hourly SMA and $66,500 to start a fresh increase. Bitcoin started a downside correction below the $66,000 and $65,000 levels. The price is now trading below $66,000 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $65,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if there is a clear break above $66,000 and the 100 hourly SMA. Bitcoin Price Consolidates Below $66K Bitcoin price started a downside correction below the $66,000 pivot level. BTC broke the $65,500 support level and the 100 hourly simple moving average to move into a short-term bearish zone. There was a clear break below the $65,000 support and the price even spiked below $64,000. A low was formed near $62,700 before the price corrected higher. There was a break above the $64,000 resistance level. Bitcoin climbed above the 23.6% Fib retracement level of the key decline from the $68,990 swing high to $62,700 low. On the upside, an immediate resistance is near the $65,200 level. There is also a key contracting triangle forming with resistance near $65,200 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com The first major resistance is near the $65,850 level. It is close to the 50% Fib retracement level of the key decline from the $68,990 swing high to $62,700 low. The main resistance is now forming near the $66,500 level and the 100 hourly SMA. A clear break above $66,500 resistance may possibly call open the doors for a fresh increase. The next major resistance sits near the $67,500 level. More Losses in BTC? If bitcoin fails to clear the $66,500 resistance zone, it could extend its downside correction. An immediate support on the downside is near the $64,200 level. The first major support is now forming near the $63,500 level. The next major support is near the $62,850 level, below which the price could even decline below the $62,000 support zone. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $63,500, followed by $62,500. Major Resistance Levels – $65,200, $65,800 and $66,500.

Unnamed South African Investor Proposes Buying 51% Stake in Collapsed Crypto Firm for $5 Million

An unknown investor has proposed to acquire a 51% stake in Africrypt — the collapsed cryptocurrency investment company — for a purchase price of $5 million. However, in exchange for the offer, the investor wants all criminal proceedings against Africrypt directors dropped. Offer Must Be Supported by 75% of Creditors According to a report by […]