Category: Cryptocurrency News

submitted by /u/Fly1n_Hawaiian [link] [comments]

Rome wasn’t built in a day, and it will also take some time for every country on Earth to adopt BTC.

submitted by /u/Fresh-Chemical-9084 [link] [comments]

In this episode of NewsBTC’s daily technical analysis videos, we examine a possible breakout of Bitcoin price on linear scale. We also compare the breakout on logarithmic scale to determine if the signal might be a reliable sign the bottom could be in. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): October 6, 2022 Related Reading: Bitcoin Bulls Snap Back With The Bollinger Bands | BTCUSD Analysis October 5, 2022 Is This The Bitcoin Breakout We’ve Been Waiting For? Bitcoin price has broken out of an important downtrend line on linear scale. The downtrend line connects the peak at $68K, the top in March at $48K, and several recent rejections. On the lowest timeframes, Bitcoin has pushed outside of this diagonal sloping trend line. Before bulls begin to celebrate, BTCUSD is best charted on logarithmic scale. Switching to log scale immediately makes the trend line seem obsolete. Moving the trend line across the same turning points in the market, produces a lot less steep of a downtrend line. Linear scale breakout leaves room leftover in log scale | Source: BTCUSD on TradingView.com BTCUSD Momentum Comparison Using The MACD And LMACD The standard MACD tool also makes sense to use with a linear scale chart. But if you want more direct comparisons of momentum across larger time scales, you also need to use a logarithm version of the tool. Using the regular MACD to compare past price action isn’t practical. The LMACD also tends to provide more reliable signals. For example here, Bitcoin has already crossed bullish on the MACD long ago, while the LMACD is only about to confirm after several more weeks of sideways. The MACD and linear scale (left) versus the LMACD and log scale (right) | Source: BTCUSD on TradingView.com Related Reading: Bitcoin Bounce Coincides With Possible Macro Reversal | BTCUSD Analysis October 4, 2022 Why The Log Scale Shows Several More Weeks Of Crypto Winter A historical view of linear scale versus log scale shows the difference between the two types of charts across BTCUSD price action. On the linear chart, anything prior to 2017 looks like a flat line, meanwhile there were price swings of thousands of percent up and 80 to 90% down several times over. But again, there is that breakout. Comparing the same type of breakout during past bear markets shows that there is very little significance on linear scale. In 2018, BTC broke out of several downtrend resistance lines, only to form new ones. In 2014, BTC made it out of the downtrend, only to later retest the line as resistance turned support. Diagonal downtrend lines in log scale are endlessly more reliable. The log downtrend lines in linear scale show that Bitcoin has a lot more to go before it breaks free of this crypto winter. Bitcoin probably has a lot more to go before a viable breakout | Source: BTCUSD on TradingView.com Learn crypto technical analysis yourself with the NewsBTC Trading Course. Click here to access the free educational program. Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

“The seamless payments infrastructure and user experience derived from Web2 will be the backbone of Web3’s success,” said Max Rothman.

Many of us have faced the problem of ingesting blockchain data into our apps. Setting it up manually is a pain, especially for new developers, and existing solutions take a bit of research themselves. I think 2024 will be largely focused on emergent dev tools and the companies that reach market share. If you need…
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submitted by /u/reskoliju456 [link] [comments]

This is the worst most annoying thing to debug. "The unit tests work but why isn't it working when deployed???" I got so fed up with it when I was launching NFTs that I asked my company if I could do a side quest and make everyone's lives happier: https://www.smartcontractgui.xyz/ A little run down of…
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submitted by /u/cjdew [link] [comments]

The presidential candidate that obtained most of the votes in the first Brazilian ballot round, Luis Inacio Da Silva, better known as “Lula,” declared that the Central Bank of Brazil should be responsible for building a cryptocurrency law framework. Lula also stated that the impact of cryptocurrencies should be measured to avoid any adverse effects […]