On Friday, the Latin American cryptocurrency platform Bitso announced that the company plans to offset carbon emissions from its bitcoin and ERC20 token transactions carried out on the platform. Bitso is partnering with the carbon offset platform Moss.Earth in order to curb the crypto company’s environmental impact. Bitso to Offset Crypto Transaction Carbon Emissions by […]
Bitcoin and altcoins continue to bounce off underlying support areas, raising the chance that a sharp down-side move could occur.
The exchange said it was “categorically false” that it shared user data with Russian regulators, and it had stopped working in the country following the invasion of Ukraine.
I started with crypto in 2021, I was a new investor in general. I started with bitcoin and ethereum and am still buying that now. Overtime though I heard about a lot of people making exponential gains with low cap projects and I decided to give it a shot. I put quite a bit into…
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First of all, Eth 2.0 does not exist. It is named "The merge" and is the second of 3 Ethereum upgrades. "The merge" and "Shard chains" are yet to come out. The first upgrade, "The beacon chain" is currently live. The most common misconception on this subreddit is that when eth 2.0 comes out, transaction…
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NFTs are a dime a dozen, but Micah Johnson’s Akutar NFT project aims to bring to light the value of diversity and inclusivity to Web3.
Historical trend of the 200-day and 600-day MAs may suggest Bitcoin could observe another big drop in the near future. Current Bitcoin Pattern Has Historically Lead To A Big Drop In The Price As pointed out by an analyst in a CryptoQuant post, the current Bitcoin price looks to be squeezed between the 200-day and 600-day MA curves. A “moving average” (or MA in short) is an analytical tool that averages the price of Bitcoin over any desired range. As its name suggests, this average constantly updates itself as each day passes by and new prices are observed. The main benefit of an MA is that it evens out any local price fluctuations, and displays the trend as a smoother curve. This makes the tool quite useful for studying long-term trends, where day-to-day price changes aren’t as important. Related Reading | Bitcoin LTHs Hold Significantly More Loss Now Compared To May-July 2021 An MA can be applied on any range of period. For example, a week, a hundred days, or even just one minute. The below chart shows the trend in the 200-day and 600-day Bitcoin MAs over the past several years. BTC price seems to be stuffed between the two moving averages right now | Source: CryptoQuant As you can see in the above graph, a trend related to these MAs and the Bitcoin price has occurred following previous all-time highs. It seems like during 2014 and 2018, after the respective ATHs formed and the price dwindled down, for a period the price was squeezed between the 200-day and 600-day MAs. Related Reading | Why A “Boring” Bitcoin Could Be A Good Thing After staying some time in the region, the MAs crossed over each other and the crypto observed a large drop in its price. Also, while this happened, the Bitcoin volume also experienced a downtrend. Now, it looks like a similar pattern is starting to form this time as well. The price has dropped down since the November ATH, and it’s now stuck between the two MAs. If the pattern holds and the moving averages cross over again, then another big drop may just be in store for the value of Bitcoin. BTC price At the time of writing, Bitcoin’s price floats around $40.4k, up 1% in the last seven days. Over the past month, the crypto has lost 1% in value. The below chart shows the trend in the price of the coin over the last five days. BTC’s price seems to have seen a plummet over the past day | Source: BTCUSD on TradingView Bitcoin showed some strong upwards momentum a couple of days back as it seemed to be approaching another retest of the $43k level. However, before any such revisit, the price plunged down in the last 24 hours. Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com
On Friday, users leveraging the Web3 wallet Metamask complained about service outages after Infura, Metamask’s default endpoint suffered from a “major outage.” The wallet company addressed the situation and explained the problems were due to Infura combating an outage. Metamask Users Deal With Connection Issues After Infura Suffers From Service Disruption One of the most […]
As the world looks for convenience, decentralized applications must quickly adapt their offerings to meet user expectations set by Web 2.0.
TLDR; It seems like they are looking for the worst possible way to regulate cryptocurrencies and their fiscal monitoring The proposed regulation law in the EU and the fact that in the US even what you get with Coinbase Earn is a taxable event (not to mention staking and defi in general) seem to be…
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