Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Nano (crypto with no transaction fees and fast confirmation time) is not even in top 250 cryptocurrencies by market cap anymore. Why did it completely fall out of relevancy and never reached higher adoption?

It's a crypto that is not on a classic blockchain and was the first crypto that used DAG (direct acyclic graph) architecture. Transactions cost literally nothing and confirmations are done in less than a second. A lot of top cryptos nowadays have very, very low fees that are just a fraction of a cent like…
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During our recent mini-dip from $27.9k to $26.5k we had the second-highest short-term holder sell off for the whole year. Clearly still some paper-hands left in the market…

Many would think that this massive bear market must have hardened all of us, we were all the way down to $15k and a fairly good amount of people here had also bought near the ATHs and thus were down -70% just on BTC briefly and over -90% on almost all altcoins. But it seems…
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Failed Bullish Pattern Could Send Ethereum Sub-$1000

Ethereum price is trading at roughly $1,550 after failing to get back above $2,000 throughout the entirety of 2023 thus far. Increasingly higher lows during the year and a horizontal resistance zone had formed an ascending triangle – a potentially bullish chart pattern. This pattern, however, is possibly failing. A busted pattern target could send the price per ETH sub-$1,000. Is the bullish chart pattern breaking down? | ETHUSD on TradingView.com Ethereum Ascending Triangle Begins Breakdown: Target $700 Ethereum put in its bear market low back in June of 2022 while Bitcoin and other coins kept falling through the end of the year. Despite the early lead in a bear market recovery, ETH has underperformed against BTC in 2023. Now it is at risk of falling to a new low with a target of deep below $1,000 if a presumed bullish pattern breaks down instead of up. Related Reading: Ethereum News Catalyst Could Trigger Triangle Breakout To $4,000 ETHUSD has been trading in what appears to be a textbook ascending triangle pattern since its 2022 local low. A series of increasingly higher highs has created an upward slowing trend line. A horizontal resistance zone across $2,000 has kept price action at bay. Volume has been trending downward throughout the course of the pattern. Price is at roughly two-thirds to the triangle apex. Ether even had positive news at its back: the launch of the first Ethereum Futures ETFs. Yet it has failed to produce any meaningful upside, and is now trying to move back down causing the bullish pattern to bust. If the pattern does break downward, it would have a target of around $700 per ETH based on the measure rule. Or is the a bearish barrier triangle anyway? | ETHUSD on TradingView.com Elliott Wave Explained: Golden Fibonacci Extension Targets $300 ETH Although the ascending triangle is considered a bullish chart pattern, it only has a roughly 63% probability of breaking out, per the Encyclopedia of Chart Patterns by Thomas Bulkowski. The remaining 37% of the time break down. But technical analysis is a broad study. An ascending triangle to one trader, could be barrier triangle to another. A barrier triangle is simply an ascending or descending triangle as defined by Elliott Wave Principle. In Elliott Wave Principle, triangles are especially telling. They only appear before the final move in a sequence. Because Elliott Wave labels waves with the trend as 1 through 5, triangles are corrective and appear only in the wave 4 place – just prior to wave 5 which ends the sequence. Related Reading: Doom Signal Warns Of 50% Crypto Collapse In a bear market, corrective structures are labeled ABC. Triangles themselves can appear during a B wave, which once again, is ahead of the final move in the ABC count. C wave targets are often found by projecting the 1.618 Fibonacci ratio from the A wave. This makes the target of the busted pattern somewhere around $300 per ETH. Between the measure rule and the Fibonacci extension target, Ethereum could be facing sub-$1,000 prices in the future. Could Ether fall sub-$1000? | ETHUSD on TradingView.com Tony is the author of the CoinChartist (VIP) newsletter. Sign up for free. Follow @TonyTheBullBTC & @coinchartist_io on Twitter. Or join the TonyTradesBTC Telegram for daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from Shutterstock, Charts from TradingView.com

Using Moons to explain why you shouldn’t short an asset without knowing the fundamentals [SERIOUS]

So as many of you already know, Kraken has listed Moons a few months ago. With this post I want to show you something interesting I've found out about Moons Futures and will explain to you with a friendly warning of potential risks some might not be aware. I will keep the post as simple…
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Secret Alameda recording reveals the exact moment staff learned about user deposits being used!

Among many critical revelations about Alameda and FTX’s relationship, Caroline Ellison confirmed that Alameda always had access to customers’ funds at FTX. The ongoing trial of the former CEO has uncovered a series of explosive revelations in the form of testimonies from former key persons and Alameda Research executives. The latest court proceedings on Oct.…
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CertiK, Blockchain Code Auditor, Makes ‘Strategic Workforce Adjustment’ of 15%

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

What is blockchain network congestion?

Blockchian network congestion results in delayed transaction confirmations, increased costs and a slower user experience.

SBF’s alleged Chinese bribe, Binance clarifies account freeze: Asia Express

SBF allegedly bribes Chinese officials with $150 million to unfreeze accounts, Binance justifies blocking Hamas users, meanwhile, Huobi hacker returns all $8M in stolen assets.