According to leaked audio obtained by CNBC, the crypto lender Celsius wants to create an IOU cryptocurrency in order to pay clients back. The audio was provided by a Celsius customer and the recording explains the bankrupt crypto lender wants to create a form of “wrapped tokens” that represents a ratio of what customers are […]
I imagine that’s 100k tps across all rollups correct? Not that that will enable a single rollup the ability to process 100k tps? So the more rollups with more transactions means the ETH layer 1 gets congested? submitted by /u/kunfushion [link] [comments]
submitted by /u/ExCryptor_Exchange [link] [comments]
MKR trades below 50 and 200 EMA on the daily timeframe. Price breaks out of a falling wedge with eyes set on key resistance of $800. The price looks strong on low and high timeframes. Maker DAO (MKR) price has had a rough time recently as price beaks out of falling wedge on the daily timeframe against tether (USDT). Despite being a major player in the crypto industry, the price of Maker DAO (MKR) has struggled to replicate its run to a high of $8,000. (Data from Binance) Related Reading: Sandbox Struggles In A Bear Market, How Low Can Price Go? Maker DAO (MKR) Price Analysis On The Weekly Chart The price of MKR has had a fantastic run, with such movement from a low of $750 to a high of $8,000 in a matter of weeks, creating a sense of surrealism in the hearts of traders and major crypto players. Despite such a run, the bear market has had an impact on MKR’s price, which has fallen from $8,000 to $600, a drop of more than 70% from its all-time high. The price of MKR rallied from its weekly low of $600 to a high of $1,100 before failing to break above that region to higher heights and falling to a low of $650. MKR’s price must break and close above $1,100 in order to have a better chance of trading higher. The price of MKR has formed a downtrend line, which is acting as resistance; flipping the area of $1,100, which is acting as weekly resistance, into support will signal a more relief bounce for the price of MKR. If the price of MKR fails to break through this key resistance region, the price of MKR may retest the $600 support and demand zone for more buy orders. Weekly resistance for the price of MKR – $1,100 Weekly support for the price of MKR – $650. Price Analysis Of MKR On The Daily (1D) Chart The daily timeframe for MKR prices looks promising, as prices broke out of a falling wedge, indicating a shift from a downtrend to an uptrend. With this volume from MKR prices, we could see them retest their daily resistance of $800. On the 1D timeframe, MKR is currently trading at $681, below the 50 and 200 Exponential Moving Averages (EMA), which act as resistance. The resistance levels of the 50 and 200 EMAs are represented by the prices of $790 and $1,200, respectively. The price of MKR needs to flip the $1,000 resistance into support to signal a relief bounce as the price of MKR has kept trading at its daily low. The Relative Strength Index (RSI) for MKR is above 40 on the daily chart, indicating low buy order volume. Daily resistance for the MKR price – $800. Daily support for the MKR price – $600. Related Reading: U.S. Federal Reserve Set To Hike Rates Above 400 BPs – How Will Crypto Market React? Featured Image From Market Periodical, Charts From Tradingview
submitted by /u/Tatakae69 [link] [comments]
I was looking around on coinmarketcap and decided to take my daily hit of hopium. Currently, Safemoon is ranked #218 on coinmarketcap with a market cap of $272,274,510. Moons are ranked #3406 with a market cap of $9,598,829 (ranking is way lower than it should be with market cap). Safemoon has a 24h trade volume…
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I think the best case and only case strategy for defi is going to be some hyper elaborate legal structure wrapping, im just repeating crypto law twitter of course. Recognizing smart contract as counter party seems huge. Given how extreme the CFTC application process is, the only person getting onchain DeFi licenses is like SBF…
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The Bitcoin network has been operational for 5,012 days and so far, more than 755,000 blocks have been mined into existence. During the last year, Foundry USA and Antpool were the top two miners as the combined pools collectively mined 18,229 blocks out of the 53,510 blocks mined this year. Foundry is the leader this […]
Since Russia has been hit by a high amount of sanction due to their try of an invasion on Ukraine, there have been a lot of chatter on how they could bypass those sanction mostly by using crypto for cross border payments. Especially after they have been taken off SWIFT. Also in Russia you could…
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submitted by /u/Yoshie5 [link] [comments]
