So this is it, my dudes! After about 5 years in crypto, I'm leaving the space with a sense of calmness and accomplishment đ Crypto was amazing for me in these past years: I started providing translation services for crypto ICOs in exchange for their tokens, got a University Certificate in Blockchain Development which helped…
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The Syrian central bank recently announced the nearly 50% devaluation of the Syrian poundâs exchange rate versus the greenback from 3,015 per dollar to 4,522 per dollar. The central bank also warned currency speculators that it will take steps to end activities that undermine the stability of the exchange rate. Currency Collapse Worsens the Plight [âŠ]
Bitcoin has the ability to tackle the $17,000 mark for the first time in 2023 should stocks start the year right, say traders.
It seems that the collapse of FTX has turned the tables around for Curve Finance and its CRV token, as more people switched to DEXs and DeFi. CRV has dipped in terms of Total Value Locked (TVL) in 2022 which is considerably lower in comparison to its stats at the beginning of the year. Hereâs a quick glance at how the coin has been performing: CRV price down by 1.46% Token weakens in terms of TVL in 2022 Traders remain to be optimistic with CRV for 2023 According to CoinMarketCap, CRV token price has plunged by 1.46% or currently trading at $0.5323 as of press time. Related Reading: Solana Up 13% Since Yesterday, A Sign Of Brighter Things to Come? Image: Texas Blockchain CRV Token Dominates DeFi Market By 44% While Curve Finance is dubbed to be one of the lead players of DeFi, CRV had some sluggish points and was unable to keep the momentum being one of the top two cryptos in terms of TVL; especially when pitted against Maker DAO (DAO) and Lido Finance (LIDO). On the flip side, CRV still managed to dominate the DeFi market by 44% as seen on January 1, 2023. More so, the token has always led the DeFi space in terms of volume as it processes in large amounts or more than $100 million daily. On December 14, Curve Finance announced that they would be integrating with zkSync 2.0 mainnet to further scale in terms of security and privacy. Curve was incentivized by its DAO and is now an Automated Market Maker (AMM) which has successfully built several liquidity pools. With these recent updates and integrations, Curve transactions have improved tremendously and are speedy, cheap, and liquid now more than ever. With the zkSync 2.0 mainnet integration, users can now enjoy enhanced accessibility and potential for expansion as the platform enables user availability of Curve on a larger scale. Related Reading: SushiSwap Head Chef Suggests Cooking Up New Token Model â Will The DEX Survive 2023? CRV total market cap at $283 million on the daily chart | Chart: TradingView.com Ethereum Whales Still Optimistic About Curve Finance Ethereum whales have a close affinity to CRV token as it remains as one of the top 10 cryptocurrencies used by most whales based on data in the past 24 hours. However, CRV was down in terms of TVL since its peak was seen on April 2022. In this light, investor interest has also waned. JUST IN: $CRV @curvefinance one of the MOST USED smart contracts among top 100 #ETH whales in the last 24hrsđł Check the top 100 whales here: https://t.co/N5qqsCAH8j (and hodl $BBW to see data for the top 5000!)#CRV #whalestats #babywhale #BBW pic.twitter.com/rmv1ffFI9y â WhaleStats (tracking crypto whales) (@WhaleStats) January 1, 2023 The price performance of CRV in 2022 wasnât impressive as it has fallen to as much as 92.43%. CRV token looks to be in a state of doom but traders remain to be optimistic about it for 2023 and beyond. In fact, as of press time, the Binance funding rate was spotted at 0.05%. This means that the traders are consistent with both the periodic payments in the derivates market as well as with the futures open interest. Meanwhle, the tokenâs TVL was pegged at $3.63 billion. This indicated that there was a potential threat to the protocolâs well-being. Moreover, there was no noticeable increase in the number of investors willing to put their money into the Curve pool. Even though CRV token revealed a spike previously, itâs the short-positioned traders who had the most difficulty considering the massive market washout. -Featured image: Zipmex
Data shows a Litecoin whale has withdrawn $32 million in LTC from Binance, a sign that could be positive for the latest rally. Litecoin Whale Takes Out $32M In LTC From Binance As per data from the crypto transaction tracker service Whale Alert, a massive LTC transfer has taken place during the past day. In total, the transaction involved the movement of 425,660 LTC on the blockchain, worth around $32.1 million at the time of the transfer. Related Reading: Billion-Dollar Hedge Fund Is Betting Against Bitcoin And Grayscale, Not Just USDT Usually, such large transfers are a sign of activity from the whales, and due to the sheer scale of coins typically involved in them, the movements can sometimes have visible impacts on the price of Litecoin. However, which way the price will respond to a transfer depends on the intent behind it. Here are a few additional details regarding the latest whale transaction that may shed some light on its purpose: Looks like this massive transfer only took a negligible fee of 0.00000224 LTC to be possible | Source: Whale Alert As can be seen above, this Litecoin transaction was sent from a wallet attached to the crypto exchange Binance, and its destination was an unknown wallet. An unknown address is any address not affiliated with a known centralized platform and is thus likely to belong to a personal wallet. Related Reading: Bitcoin Taker Buy/Sell Ratio Canât Give Any Clear Signals As Demand Remains Low Transfers of this nature, where coins move from exchanges to personal wallets, are called exchange outflows, and since holders usually withdraw from these platforms for accumulation purposes, outflows can have a bullish effect on the price. Here, the exchange outflow was done by a whale, so it may mean that this humongous investor is planning to hold onto their Litecoin for an extended period of time. In the few days since the new year has started, LTC has been rallying up with the coin already reclaiming $75, so the whale not selling here to take advantage of this profitable opportunity and instead opting to accumulate suggests conviction from the investor that there is more to come for LTC. There has also been another bullish signal for Litecoin recently, and itâs that the monthly LTC transactions on BitPay, the largest crypto payments processor, have gone up by 109% over the past year. This means that the network has observed some sharp growth in terms of adoption, a sign that should be constructive for the price in the long term. In just one year, monthly Litecoin use, with the worlds largest crypto processor, increased 109% đ pic.twitter.com/DBXe6OTdib â Litecoin (@litecoin) January 2, 2023 LTC Price At the time of writing, Litecoin is trading around $75, up 8% in the last week. The value of the crypto seems to have sharply surged in the last few days | Source: LTCUSD on TradingView Featured image from RĂ©mi BoudousquiĂ© on Unsplash.com, chart from TradingView.com
Bitcoin moved closer to the $17,000 level on Tuesday, as market volume begins to pick up following the New Yearâs celebrations. This comes as traders turn their attention to tomorrowâs Federal Open Market Committee (FOMC) minutes report. Ethereum also continued to trade above $1,200 in todayâs session. Bitcoin Bitcoin (BTC) edged closer to the $17,000 [âŠ]
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Our beloved OG is 14 years old as of today! On the 3rd of January of 2009, the code was ignited by Satoshi Nakamoto and the Genesis Block started the chain. I've gathered some charts and did some math on them for you folks. Since the Genesis Block: BTC has been profitable for 3,750 days,…
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As the title says, have you used crypto as anything else than a tool to make profits? I am willing to hear anything as an actual use-case for crypto but no matter who I talk with It always seems crypto is just a speculative tool. If we exclude it's illegal use-cases I find it hard…
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