Category: Cryptocurrency News

Can’t find any information on Google. I’m looking for Arbitrum projects to invest in as the network continues to gain market share. App seems strong.. however, I’m only minting gemstones b/c I’m digging the concept & the focus on decentralization.. plus, they are dirt cheap. Anyone with smart contract experience willing to verify the burning…
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​ ​ https://preview.redd.it/ws2uqwmk60db1.jpg?width=1600&format=pjpg&auto=webp&s=dc23d1de6c4112225776cd451d20a328f0988490 I am thrilled to share a major development that will empower Ethereum's Web3 ecosystem. Bware Labs has successfully integrated Mantle Network into Blast API, and it's a game-changer for Web3 developers! Mantle Network, a cutting-edge Layer-2 scalability solution built on Ethereum, introduces a modular architecture that combines optimistic rollups with an innovative…
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Bitcoin, XRP, and Ethereum — three of the cryptocurrency market’s most dominant coins — are about to simultaneously form a 3-day golden cross. This signal is rare, happening only a handful of times in the past in each individual asset. However, never have all three of these major cryptocurrencies triggered this signal all at the same time. What exactly does this mean, and what are the results of the 3-day golden cross? Bitcoin, XRP, & Ethereum Lead Market Recovery The crypto market outlook is a lot less bleak than it was just weeks ago, between BlackRock and other institutions seeking to launch Bitcoin ETFs and the massive win for XRP and Ripple against the US Securities and Exchange Commission (SEC). Related Reading: Perfect Storm: Why Bitcoin & Crypto Are Poised For A Dramatic Recovery Even the technical environment is starting to show signs of a possible uptrend brewing. Notably, several top cryptocurrencies are inching closer to a golden cross on the 3-day timeframe, which has only occurred a handful of times in the past. This is about to happen in Bitcoin, Ethereum, and XRP, simultaneously, for the first time in their history. Previously, these signals arrived at different phases of previous bull markets. It wasn’t until all three coins golden crossed that a stronger rally began. Three top crypto assets — #Bitcoin, Ethereum, and #XRP — are on the brink of a golden cross on the 3-day timeframe All three firing at the same time has never happened before It will also be the third in history for BTC and XRP, second ever for Ether pic.twitter.com/bzVfK3ZpBp — Tony “The Bull” (@tonythebullBTC) July 19, 2023 What Is A Golden Cross In Crypto? A golden cross occurs when a higher timeframe moving average, typically a 200-period MA, crosses above a lower timeframe moving average, usually a 50-period MA, from below. In contrast, a death cross happens when the two cross down from from above. These crossovers generate a buy or sell signal in a moving average-based trading system. Such systems are designed to capture the majority of a trend, but tend to miss much of the early part of a rally as it awaits confirmation. The 3-day golden cross throughout the years | BTCUSD on TradingView.com Moving Average Crossover: How Does The Signal Stack Up? The only time the signal suffered a drawdown was in Bitcoin in 2019. In all other instances, the buy signal using nothing more than a simple moving average crossover, was wildly profitable with limited downside. In 2015, the BTCUSD 3-day golden cross yielded over 2,000% ROI before crossing back down and giving the corresponding sell signal. XRP’s golden cross to death cross kept more than 9,000% of the uptrend’s gains. Ethereum never fired a signal back then, however, due to insufficient price history. Related Reading: This Bitcoin Continuation Pattern Points To 3-6 Months Of Uptrend Ahead Come 2019, Bitcoin had its misfire where the buy signal then sat through a long drawdown. Neither XRP nor Ethereum triggered a signal until 2020, when the entire crypto market began to rally together. The 2020 ETHUSD golden cross held onto over 1100% ROI before the death cross closed out the position. XRP failed to set a new all-time high, but the golden cross still clocked in 200% ROI. Even though Bitcoin fired early in 2019 and sat through a drawdown, the buy signal was still ultimately effective and retained 550% ROI by the time a death cross caused the position to close. Across the five historic buy signals, there was an average of 2,570% ROI when a golden cross occurred. While such returns aren’t likely in the future, this does suggest the signal is effective. Tony is the author of the CoinChartist (VIP) newsletter. 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 iStockPhoto, Charts from TradingView.com

Ripple has been mostly preoccupied with its lawsuit with the United States Securities and Exchange Commission (SEC). However, with a partially favorable ruling from Judge Analisa Torres last week stating that XRP tokens sold on the secondary market are not securities, the crypto firm has turned its attention to other things. This time around, Ripple has dipped its toes into the metaverse sector, joining a massive funding round for Futureverse. Ripple Joins $54 Million Funding Round For Futureverse On Tuesday, Bloomberg reported that Futureverse, a metaverse startup, had raised a total of $54 million. The company completed the Series A funding round, although at an undisclosed valuation. But the interesting part of the raise was the parties involved. Related Reading: Why This Upcoming Event Is Bearish For Axie Infinity (AXS) The raise was led by 10T Holdings, a crypto investment firm. However, the funding round seems to have managed to draw the attention of Ripple Labs as well. The raise is also significant in the fact that it took place at a time when crypto-related companies are seeing a decline in funding. Interestingly, the Futureverse startup is a combination of other startups. According to the Bloomberg report, Futureverse is actually a combination of 11 startups that span across different industries. These include metaverse, gaming, and artificial intelligence (AI), among others. XRP price sitting at $0.79 | Source: XRPUSD on TradingView.com Nevertheless, most of Futureverse’s products so far seem to be combining metaverse, gaming, and AI. The startup currently has a football (soccer) game that can be played on mobile called ‘AI League’ that has also been licensed by FIFA. Its next gamin product is said to be a boxing game leveraging the power of AI. A Return Fueled By Positive Sentiment Ripple has regained its foothold in the crypto industry following the court’s ruling against the SEC last week. With this, both the company and its native token, XRP, have experienced renewed vigor in the market. One example is Ripple looking to leverage real-world assets which it expects to reach a $30 trillion market cap in the next decade. Related Reading: Bearish Signal: BNB Open Interest Skyrockets To New Highs Following the ruling as well, the price of XRP jumped by over 60%, bringing the digital asset to its highest level since December 2021. Since then, XRP has continued on a bullish streak, surpassing Bitcoin in terms of average weekly volume, and emerging as one of the top performers in the space. Presently, the price of XRP is sitting at $0.791, representing a 4.92% increase in the last 24 hours. On the 7-day chart, the cryptocurrency is seeing gains of 67% and is now the 4th-largest cryptocurrency with its market cap resting at $41.5 billion. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from iStock, chart from TradingView.com

https://etherscan.io/address/0x82CB374c1d6f801e649489325770c2d21185C954 submitted by /u/BigDickSwinger6 [link] [comments]

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The BOK 2022 Payment and Settlement Systems Report is a forward-looking document with ambitious plans for financial technology in the country.

Overhead resistance levels continue to constrict Bitcoin price expansion, leading some analysts to forecast a brief sweep of the $27,500 level.

Tesla has released its Q2 2023 earnings report, which has been highly anticipated by investors, and it shows no signs of Bitcoin movement for the electric car giant in the previous quarter. The report shows that the company has had a record-breaking quarter, with the best-ever production and deliveries and revenue approaching $25 billion in a single quarter, despite the current macroeconomic environment. Tesla Stands Firm On BTC Investment One important aspect of the report is the section on Tesla’s balance sheet, which shows the company’s holdings in digital assets, specifically Bitcoin (BTC). As of June 30, 2023, Tesla’s digital assets holdings stood at $184 million, which is the same amount as the previous quarter.  This indicates that the company has not sold any of its Bitcoin holdings, despite the recent volatility in the cryptocurrency market. Related Reading: Dogecoin Barks Upwards: Elon Musk’s Twitter Feed Sends DOGE Up 3% Tesla’s decision to hold onto its Bitcoin holdings is significant, as it shows the company’s confidence in the long-term potential of digital assets.  This is in line with Elon Musk’s previous statements about Bitcoin and other cryptocurrencies, in which he has expressed support for their underlying technology and potential to transform the financial industry. Bitcoin Rebounds To $30,000 At present, the largest cryptocurrency in terms of market capitalization and trading volume has surpassed the $30,000 threshold, recovering from its sharp decline to $29,400 on Tuesday.  Despite reaching a new yearly high of $31,800 on July 13th, Bitcoin’s bullish momentum suddenly dissipated, causing a retracement of over 1.6% in the last 14 days. However, the cryptocurrency has managed to maintain a 12% gain over the 30 days. In the event of further price drops and a failure to consolidate above the $30,000 mark, Bitcoin has the advantage of its 50-day Moving Average, which could serve as a strong support level at $29,100. However, sudden price movements have become increasingly common in recent months, following the thaw of the crypto winter.  Related Reading: Bitcoin Exchange Inflow Spikes, Is This Bearish? Typically, when Bitcoin experiences a price drop, it is followed by a period of consolidation. As long as BTC does not drop below its 50-day and 200-day Moving Averages, it can be seen as a short-term victory for Bitcoin bulls who have weathered another round of selling pressure. It remains to be seen whether BTC’s nearest support level will be able to hold and prevent another decline attempt.  Featured image from Unsplash, chart from TradingView.com