Category: Cryptocurrency News

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I remember that I read about a dapp that shows you all contracts that are still connected to your wallet. And I heard that you can cancel all contracts. Any idea? submitted by /u/ashketchup422 [link] [comments]

Crypto exchange Binance has been the subject of intense regulatory scrutiny over the last few months and BNB has suffered as a result. Even now, as it seems the crypto exchange is beginning to find its footing once more amid regulatory wolves circling, its native token is still under immense selling pressure. This is evidenced by the BNB open interest, which has now skyrocketed to new all-time highs. BNB Open Interest Reaches New All-Time High In an interesting turn of events, BNB shorts are ramping up even at a time when the crypto market seems to be on a recovery trend. According to a Twitter post by analyst Dylan LeClair, this has caused the open interest in the digital asset to rise exponentially. Related Reading: Crypto Liquidations Cross $300 Million Amid Massive Market Recovery The chart shared by LeClair shows that BNB’s open interest is now sitting at $400 million. This is over four times higher than the previous all-time high for the digital asset which was $50 million back in 2020. And unlike then, the surge in open interest right now is more bearish than it is bullish. Hmmm, some interesting flow in $BNB futures: – Perpetual futures open interest is seeing new highs as funding rates have gone deeply negative (-200% APR for next funding period) (Chart #1) – looks as if someone is getting ahead of some bad news flow. – The last time BNB… pic.twitter.com/1B27OkjvPx — Dylan LeClair 🟠 (@DylanLeClair_) July 17, 2023 This current increase has seen funding rates move above negative 200% and yet traders continue to short the altcoin. The fact that traders are choosing this route despite the high cost to do so points to the expectations of a massive crash coming for the digital asset. As LeClair points out, this could mean that the United States Department of Justice (DoJ) is finally leveling charges against the crypto exchange. “And people in the know are positioning accordingly.” Will The Altcoin Survive a DoJ Lawsuit? As already demonstrated by the Securities and Exchange Commission’s (SEC) lawsuit against the Binance crypto exchange, a lawsuit from regulators would have an adverse impact on the price of BNB. When the SEC sued the exchange in early June, the price of BNB plummeted by over 20% over a few days period.  BNB price continues to hold above $240 | Source: BNBUSD on TradingView.com Given such a response, a lawsuit from the DoJ would be even worse because of its implications. And if this were to happen this week, then another 20% decline from here would see the digital asset lose its footing above $200. Related Reading: Polygon Upgrade Proposal Pushes Price Over 5%, Is It Too Late To Buy? For right now, the price of BNB is still holding up nicely above $240. One reason for this could be the Arkham sale being carried out on the Binance launchpad. As this sale requires BNB for subscriptions to participate, it has provided temporary buy pressure for investors to participate. However, once the sale ends on July 18, this temporary plug would be eliminated and the cryptocurrency will likely fall back to the $230 territory. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from Currency.com, chart from TradingView.com

The Multichain saga includes secret arrests, a suspicious exploit, and one man allegedly in control of $1.5B. Plus, Binance fires staff.

Bitcoin price is pulling back after a strong finish in the crypto market last week. However, this past Sunday night’s weekend close was also the close of the 4-week BTCUSD chart, which has potentially confirmed a high timeframe continuation pattern. If the continuation pattern is indeed valid, it could point to 3-6 months of an extended uptrend, making 2023 an extremely bullish year in the end. Here is everything you need to know about the bullish continuation pattern and what it could mean for the crypto market. Bullish Candlestick Continuation Pattern To Light Up Second Half Of 2023 2023 has been an interesting year in the cryptocurrency market. Bitcoin has been mostly bullish, but nothing compared to what we’ve witnessed in the past — as recently as 2020. Meanwhile, altcoins have been long suffering an onslaught from the US SEC. This has kept Bitcoin further at bay against the US Dollar, while eating up altcoin capital on the BTC pair. Despite an important week for the industry and BTCUSD setting a new high for the year, Bitcoin lost some momentum and is now trading below $30,000 per coin. However, before the correction happened, the 4-week BTCUSD candle also closed on Sunday night. Related Reading: Perfect Storm: Why Bitcoin & Crypto Are Poised For A Dramatic Recovery The 4-week timeframe is slightly more sensitive than the monthly at between 2 to 3 days less, sometimes offering unique signals from the 1-month. Sunday night’s close forever marked the chart with the last candle necessary for a completed Rising Three Method pattern. The Rising Three Method is a bullish Japanese candlesticks continuation pattern. It consists of a large white candle, followed by three small-bodied candles in a row. After the period of consolidation, a large white candle closes above the trio of black candles, engulfing them all. The Rising Three Method pattern | BTCUSD on TradingView.com Bitcoin Buyers Make A Statement: Rising Three Method Pattern Completes The pattern shows that after a pause, buyers resume control. By making this statement, bulls could gain control of Bitcoin over the next 3 to 6 months. The reason for the timing, is due to the length of each candle’s session. After a Japanese candlestick pattern confirms, its expected results should appear within the next 3-5 candlesticks. 3-5 sessions of 4 weeks total, equals roughly 12 to 20 weeks, or around 3-5 months. That timing would take any potential bull rally through the end of the year. For further validation of the fact upside should appear within 3-5 candles after a confirmed signal, we can see that a morning star pattern completed during the first candlestick close of the year. The second candle of the year was a doji, then this bullish continuation pattern formed. All of this combined tells a possible story of a continued bull market for the rest of the calendar year. Related Reading: The One Ingredient Missing From A Full-Bore Bitcoin Bull Run The Japanese candlestick continuation pattern also comes with plenty of confluence through a confirmed bullish crossover of the LMACD. The technical indicator suggests a momentum shift supportive of more upside in Bitcoin. Will this continuation pattern result in a strong bull market breakout? This chart originally appeared in issue #12 of CoinChartist (VIP) alongside a dozen exclusive XRP, Bitcoin, and other charts. Subscribe for free. 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

Looks like the rocket is about to take off. submitted by /u/MrMeowManchego [link] [comments]

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Gensler was asked about the Ripple decision twice shortly after the ruling, and his main message was that he would rather not talk about it.