Daily digest for NYC Crypto, on July 31, 2022

chefmatthew987 posted: " Polygon [MATIC] has been riding high in the crypto market recently. The meteoric and yet shocking rise of MATIC's price has been well-documented in the news. Most recently, Polygon announced the release of zkEVM, its first EVM-compatible layer 2 scali" NYC Crypto Assessing Polygon's comeback as Q3 paints new hopes for MATIC holders – Coin-News24.com chefmatthew987 Jul 31 Polygon [MATIC] has been riding high in the crypto market recently. The meteoric and yet shocking rise of MATIC's price has been well-documented in the news. Most recently, Polygon announced the release of zkEVM, its first EVM-compatible layer 2 scaling solution. This development is expected to be a big hit as it will enable cheaper gas fees on Polygon. Despite the Fed's rate hike, MATIC is seeing another price upturn recently as it chases the $1 resistance. And up we go… In an update on Our Network, we can see the developments on the Polygon network during Q2 of 2022. Despite the bearish influences, Polygon had many positive takeaways during the period in review. Over 90k developers launched contracts on Polygon during this quarter. This is a 3x increase from the previous quarter as the network increased user incentives. The total contact creators are expected to pass the 200k mark soon as developers seek to reach 800k contracts as well. Source" Polygon Analytics NFT activity has also dramatically increased on Polygon during the period in review. It is expected to see 500k active wallets this month itself. Some collections are faring better than others in DraftKings Reignmaker, PlanetIX, TheOne.art, and EDNS. Over 11 collections have shown monthly volumes crossing $1 million. Source" Polygon Analytics Last week, the POS chain saw 843k unique users and more than 20 million transactions. Gaming continues to drive users on Polygon with four of the top six dApps by users. Currently, the popular games are Sunflower Land, QuickSwap, 1Inch, Arc8, Pegaxy, and PlanetIX. Source" Polygon Analytics Pushing the horizon Polygon has also been active in collaborations in the market. Recently, it announced the launch of Hint of Mint NFT boutique on its platform. In other news, Bueno will be integrating with Polygon for cheaper and faster minting. As the announcement reads, Polygon seems an ideal environment for minting NFTs. Bueno is integrating with @0xPolygon to offer faster and cheaper ways to mint NFTs on the blockchain! #poweredbyPolygon Read more! ⇣ @0xPolygonNews https://t.co/MeiGMhWqxN — bueno (@buenonft) July 29, 2022 What now for MATIC? Macro conditions continue to affect the crypto market and MATIC continues to feel the pressure of the market conditions. Despite the price rebound recently, market sentiment is treading low with inflation headwinds pulling the strings. MATIC is currently trading at $0.94 as per CoinMarketCap after a sell-off in the early hours of 30 July. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81399 Powered by Jetpack

chefmatthew987 posted: " " NYC Crypto Bitcoin Can Finance Growth In The Cannabis Industry chefmatthew987 Jul 31 The cannabis industry has many reasons to look to bitcoin as a way to grow and improve relationships with their customers. Image Source: Pexels The cannabis industry presents opportunities for investors. Thanks to bitcoin, investors can capitalize on the sector's growth like never before. A clear understanding of the cannabis industry is a must. Once you know the ins and outs of the sector, it's easy to see how bitcoin can be used to accelerate the sector's growth. What You Need To Know About Cannabis Cannabis is one of the most widely used drugs in the world, according to the United Nations. People use cannabis for medical and recreational purposes. However, cannabis was illegal in the United States for much of the 20th century. During this time, U.S. lawmakers had concerns about the risks and benefits of cannabis use. But over the years, cannabis has been shown to help people dealing with PTSD and other medical conditions. This has prompted many lawmakers to rethink their stance on cannabis. Since 2012, marijuana has been legalized or decriminalized in 38 states and Washington, D.C. Gone are the days of shady black market deals. As more states legalize marijuana, more licensed cannabis retailers are cropping up across the United States, contributing to safer and healthier cannabis use across the board. These retailers sell cannabis products and accessories. They are also looking for opportunities to distinguish themselves from competitors and maximize their sales. How Bitcoin Impacts The Cannabis Industry Bitcoin can drive the cannabis industry's growth. It can do so in several ways: 1. Secure Transactions Bitcoin can play a key role in a cannabis retailer's e-commerce strategy. In any e-commerce business, establishing consumer trust is essential to making sales and driving conversions. By offering customers the ability to pay with bitcoin, a marijuana retailer can build rapport with their customers. Also, the retailer can help customers feel secure in their transactions without the oversight of a traditional verifier. Cannabis retailers can use bitcoin to secure their transactions like never before. For instance, a consumer can buy marijuana products and accessories using bitcoin for payment with no risk of chargebacks. The consumer can immediately pay a cannabis retailer and get a receipt. This instills trust in a cannabis retailer. It can help a retailer foster long-term relationships with clients. 2. Tax Benefits In 2019, activist group Blockchain Advocacy Coalition (BAC) sponsored a California bill relating to cannabis and bitcoin. The bill would allow legal cannabis businesses in California to use bitcoin and other cryptocurrencies to pay their taxes. To date, this bill remains in discussion. If the bill gets approved, legal California marijuana businesses can instantly submit bitcoin payments to cover their taxes. These businesses can track their bitcoin tax payments on a digital ledger to guard against future tax issues. Plus, if they track the market closely, they may find ways to use bitcoin payments to save money on their taxes. 3. Brand Awareness Cannabis legalization is underway across the United States. Regardless, legal cannabis retailers must consider every opportunity to promote their brands. These retailers can explore unique marketing opportunities. That way, they can launch marketing campaigns that generate widespread interest from consumers. For example, a legal cannabis retailer can offer discounts to consumers who submit bitcoin payments. This allows the retailer to offer a distinct promotion that can draw consumers' attention. At the same time, consumers can take advantage of the promotion to save money on their cannabis purchases. 4. Investment Opportunities Legal cannabis retailers must evaluate short- and long-term investment opportunities. These retailers can consider stocks, bonds and other traditional financial investments. At this point, they can assess bitcoin investments as well. Some cryptocurrency experts are projecting the price of bitcoin to rise in 2022 and beyond. Legal cannabis retailers can buy bitcoin and add it to their investment portfolio. From here, these retailers track the results of bitcoin and their other investments. In the years to come, they may find that bitcoin delivers a significant return on investment. How To Get Started With Bitcoin In The Cannabis Industry Bitcoin can be purchased at any time. Yet, it is important to understand bitcoin before investing and using it for financial growth in the cannabis industry. A legal cannabis retailer can use bitcoin to support its everyday operations. To realize the full value of a bitcoin investment, the retailer must plan accordingly. It helps to start small with bitcoin. A legal cannabis retailer can buy a small amount of bitcoin and gradually increase their investment in it. Meanwhile, a legal cannabis retailer can also establish a system for bitcoin payments and ensure it works properly. Next, the retailer can teach consumers about the system and be ready to respond to their concerns and questions about it. The retailer can also launch promotions to encourage consumers to pay for products and accessories with bitcoin. The Bottom Line On Bitcoin And The Cannabis Industry Bitcoin may have far-reaching effects on the cannabis industry. Legal cannabis retailers can get started with bitcoin today. In doing so, they may quickly discover that bitcoin can help them grow their businesses. This is a guest post by Frankie Wallace. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc. or Bitcoin Magazine. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81397 Powered by Jetpack

chefmatthew987 posted: " Ripple has had three daily green candles. Buyers were able to push the price by 15% until the time of writing. But the main question is if this rally is strong enough to pause the bearish trend in the mid-term. Technical Analysis By Gr" NYC Crypto This is the Level XRP Must Break to Defeat the Downtrend (Ripple Price Analysis) chefmatthew987 Jul 31 Ripple has had three daily green candles. Buyers were able to push the price by 15% until the time of writing. But the main question is if this rally is strong enough to pause the bearish trend in the mid-term. Technical Analysis By Grizzly The Daily Chart Ripple has not been able to make a higher high on a daily timeframe for a lengthy period. Since May 2022, the sellers have prevented the bulls from breaking above the last high (in yellow). As a first step to see a trend reversal, XRP must be able to form a higher high above $0.4. In this case, the bearish momentum could start to decrease gradually. Then, the bulls ought to break the horizontal resistance at $0.50-$0.55 (in blue) before retesting the descending line (in red). Breaking the red dynamic resistance that has been shadowing the price for a long time can be a considerably positive sign for Ripple. All the mentioned points are valid if the buyers defend the support zone at $0.28-$0.3 (in green). If the sellers push the price below that, a long-term bearish market awaits Ripple. Key Support Levels: $0.28 & $0.24 Key Resistance Levels: $0.40 & $0.50 Source: TradingView Moving Averages: MA20: $0.33 MA50: $0.35 MA100: $0.47 MA200: $0.61 The XRP/BTC Chart The bulls retested the horizontal resistance against BTC at 1800-1700 SATs (in red). The selling pressure from the upside formed a daily candle with a long upper shadow. If the buyers defend the horizontal support at 1500 SATs (in green) and do not allow the price to go below it, the price could retest the red resistance zone. The more this zone is tested, the more likely it is to break. Source: TradingView Key Support Levels: 1500 SATs & 1250 SATs Key Resistance Levels: 1800 SATs & 2000 SATs SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms). PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits. Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information. Cryptocurrency charts by TradingView. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81395 Powered by Jetpack

chefmatthew987 posted: " Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Polygon [MATIC] found renewed buying pressure over the last month as the buyers continue to inflict a streak of gree" NYC Crypto Should you consider buying MATIC? The technical indicators point to this – Coin-News24.com chefmatthew987 Jul 31 Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Polygon [MATIC] found renewed buying pressure over the last month as the buyers continue to inflict a streak of green candles on the daily chart. This trend-altering comeback aided the bulls in propelling the price above the EMA ribbons. The bulls were able to reclaim critical support levels after a well-needed push from the ascending triangle breakout. A sustained bullish effort could aid the buyers in breaching the $0.95 resistance in the coming sessions. At press time, MATIC was trading at $0.9446, up by 1.7% in the last 24 hours. MATIC Daily Chart Source: TradingView, MATIC/USDT MATIC's descent phase entailed a two-month retracement that resulted in an over 81% devaluation (from 1 April) on the charts. After a gradual improvement in the overall sentiment, buyers recouped their forces in the $0.32 region. This reversal opened doorways for a break above the northbound EMA ribbons. The ribbons undertook a bullish flip after nearly six months. Historically, such flips have ensured near-term support in the 20 EMA zone. Any potential reversals from the $0.95 resistance could find rebounding grounds in the $0.78-$0.81 range. An eventual breach of the immediate resistance could position MATIC to retest the $1.1 mark in the coming days. To disregard these near-term bullish tendencies, the bears needed to inflict a close below the $0.72-level. Rationale Source: TradingView, MATIC/USDT The Relative Strength Index (RSI) gradually declined from the overbought mark. But a sustained position above the 58-mark support could continue supporting the near-term buying endeavors. Also, the Awesome Oscillator (AO) conveniently positioned itself above the equilibrium to reveal a strong buying momentum. Nevertheless, the Ob-Balance Volume (OBV) marked higher peaks over the last two weeks while the price action kept slamming the $0.95 resistance. This trajectory hinted at a mild bearish divergence. Conclusion The altcoin's position above its north-looking EMA ribbons has reinforced the bullish narrative. The threats along the OBV could cause some setbacks. But the targets would remain the same as discussed above. Finally, investors/traders must keep a close eye on Bitcoin's movement as MATIC shares a staggering 90% 30-day correlation with the king coin. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81393 Powered by Jetpack

chefmatthew987 posted: " The Hong Kong University of Science and Technology has announced plans to build an online-based metaverse campus called Metahkust. The institution will take its first step toward this goal by building a mixed virtual reality classroom that will " NYC Crypto Hong Kong University of Science and Technology to Build Metaverse Campus – Metaverse Bitcoin News chefmatthew987 Jul 31 The Hong Kong University of Science and Technology has announced plans to build an online-based metaverse campus called Metahkust. The institution will take its first step toward this goal by building a mixed virtual reality classroom that will allow students from other latitudes to attend classes like they were in the same space. The virtual classroom will host the launch of the new Guangzhou campus. The Hong Kong University of Science and Technology Bets on the Metaverse Institutions are finding more functions and applications for metaverse spaces, and they are slowly integrating these technologies into their everyday processes. The Hong Kong university announced its plan to create a joint metaverse that will integrate both of its campus locations as if they were one. Called Metahkust, the application will allow students of the institution in different latitudes to attend classes and events as if they were in the same venue. The first event in which this metaverse-based system will be tested is the opening of the Guangzhou campus that the university will host the next September. Pan Hui, professor of computational media and arts at the Guangzhou campus, stated: A lot of guests might be overseas and can't attend, so we will host it in the metaverse. Benefits of a Virtual Approach The institution explained the benefits that metaverse-based classrooms and campuses can offer when compared to a more traditional remote classroom setup, that consists of using video conference tools like Zoom. Hui stated that metaverse environments offer more interaction for students, that can feel as if they were attending lessons in the real world. He explained: Using Zoom feels like you're just looking at a 2D screen. But through virtual reality, you can feel as if you're there. I think interaction is very important for learning. How you interact with students around you will increase your learning outcome. Furthermore, Hu stated this new focus would promote a sense of "unity and participation" that would otherwise be impossible to achieve due to geographical constraints. To achieve this united virtual campus, the university will install a series of sensors and cameras to feed information to the metaverse system. Recently, the University of Tokyo also announced the integration of metaverse tech into its learning processes. The institution reported it will start offering introductory engineering lessons in the metaverse later this year. What do you think about the metaverse initiative of the Hong Kong University of Science and Technology? Tell us in the comments section below. Sergio Goschenko Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved. Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. More Popular News In Case You Missed It Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81391 Powered by Jetpack

chefmatthew987 posted: " Several crypto assets post gains in the last few weeks, and OP, the native token of Optimism, the Layer-2 scaling solution, leads with a 94.92% spike in price in the last seven days. Apart from the price rally, the protocol also saw significant ecosys" NYC Crypto Optimism: OP leads the crypto gang with a 90% growth in price in the past seven days chefmatthew987 Jul 30 Several crypto assets post gains in the last few weeks, and OP, the native token of Optimism, the Layer-2 scaling solution, leads with a 94.92% spike in price in the last seven days. Apart from the price rally, the protocol also saw significant ecosystem updates during the week. For example, the L2 protocol launched its new Optimism onboarding flow for new and experienced cryptocurrency traders. Also, it launched its first Euro pegged stablecoin in the form of $agEUR. How else did the OP token fare in the last seven days? Price performance analysis As the price of the leading cryptocurrency, Bitcoin [BTC], climbed above the $24,000 price mark during the week, the rest of the market followed suit and recorded gains. The OP token was not left behind. Per data from CoinMarketCap, the price of the OP token rallied by over 95% in the last seven days. Seven days ago, the token's price was $0.89. Exchanging hands at $1.78, increased token accumulation of the tokens forced a price shoot up. In the period under review, the token's trading volume saw steady growth. At 799.85 million at press time, OP registered a 67% growth in its trading volume in the last seven days. Within the same period, the token's market capitalization grew from $177.93 million to $389.61 million. Source: Santiment On a 24-hour chart, an 8.39% price uptick was logged. With increased OP accumulation in the last few days, the token's Relative Strength Index (RSI) marked its spot in the overbought region of 78 at press time. The token's Money Flow Index (MFI) was also spotted at 88.  With the highs marked by these key indicators, the token's 7-day rally might be nearing its end, as a bearish retracement typically follows such highs. Source: TradingView On-chain performance In the period under review, data from Santiment revealed that the token's social dominance peaked on 28 July when the metric touched a high of 1.03%. This was, however, followed by a 32% decline causing the token's social dominance to be pegged at 0.77% at press time. On a seven-day window, the token's social dominance grew by 17% OP's social volume also touched a high of 1065 on 28 July. At 195 at press time, the metric registered an 81% decline within two days. On a seven-day window, this metric saw a 43% growth. Within the same period, the token's developmental activity logged a minor growth of 0.37%. Source: Santiment Credit: Source link The post Optimism: OP leads the crypto gang with a 90% growth in price in the past seven days appeared first on Coin-News24.com. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81389 Powered by Jetpack

chefmatthew987 posted: " Why a Strong Dollar Is a Double-Edged Sword for the U.S. Economy  The Wall Street Journal " NYC Crypto Why a Strong Dollar Is a Double-Edged Sword for the U.S. Economy chefmatthew987 Jul 30 Why a Strong Dollar Is a Double-Edged Sword for the U.S. Economy  The Wall Street Journal Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81387 Powered by Jetpack

chefmatthew987 posted: " The Ethereum community has been anticipating the move from the Proof-of-Work (PoW) to the Proof-of-Stake mechanism. Luckily for everyone, the Merge will soon occur, and reports show that the developers are approaching the final test phase before the s" NYC Crypto Ethereum Price Surges Following The Final Testnet Details chefmatthew987 Jul 30 The Ethereum community has been anticipating the move from the Proof-of-Work (PoW) to the Proof-of-Stake mechanism. Luckily for everyone, the Merge will soon occur, and reports show that the developers are approaching the final test phase before the significant event. Tim Beiko, the lead developer on Ethereum, disclosed these details on July 28. According to him, the testnet transition will take place on the Goerli testnet, a close simulation of the Ethereum mainnet. Goerli/Prater Merge Announcement Prater will run through the Bellatrix upgrade on August 4th, and merge with Goerli between August 6-12th: if you run a node or validator, this is your last chance to go through the process before mainnet https://t.co/JAz5AJe12B — Tim Beiko | timbeiko.eth (@TimBeiko) July 27, 2022 This version is known as Prator, and the date will be between August 6 and 12. The network upgrade will be called Paris, but another upgrade, Bellatrix, will position Prater well for the Goerl Merge. According to Beiko, the date for the Bellatrix upgrade will be on August 4. However, the lead developer also stated that validators and those who run nodes on Ethereum should pass through the process to prepare thoroughly for the mainnet move to PoS. Final Preparations Before Moving To PoS According to the information released, the network has to complete one more testnet. The developers have completed many devnets, merges, and shadow forks on deprecated testnets. For instance, early in July, the developers ended the ninth shadow fork testing the MEV boost feature. In the announcement, the lead developer stated that node operators must update their execution and consensus layer clients in tandem. But for stakers and holders of Ethereum, there's nothing to do now. Those to take action are the testnet participants and node operators. Regarding the significant Merge, the community already knows it will take place on September 19, as the developers previously announced. But if there is an issue with the Goerli testing phase, the date might be pushed forward again. Merge Becomes The Most Significant Ethereum Upgrade Since Ethereum started operating on July 30, 2015, this is the highest upgrade on the network. But the plans to migrate to the Poof-of-Work mechanism have been ongoing for some years. Unfortunately, the developers have had many delays, which haven't been okay with the community. ETH price is moving upwards on the chart. Source: ETHUSDT Tradingview Thankfully, September 2022 will mark the end of the frustrations. For instance, traders have staked 13.1 million ETH on Beacon Chain, worth $21.5 billion. Even though these stakers earn 4.6% APY in Ether, withdrawing the gains will only occur many months after the Merge. The announcement also brought another price surge for ETH as it gained by 15% on July 28 to sell at $1,667 during the morning hours of the Asian trading session. This position shows a 47% increase over two weeks, even though it has yet to reach its 2021 highest price point. Featured image from Pexels, chart from TradingView.com Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81385 Powered by Jetpack

chefmatthew987 posted: " A panel of crypto industry experts says now is the time to sell dogecoin. The majority of the experts expect DOGE to completely lose its value. Dogecoin "was a meme coin that shouldn't have really gotten to this point," said one of the experts o" NYC Crypto Finder's Experts: Majority See Dogecoin Losing All Value — 'It's Time to Get out of DOGE' – Altcoins Bitcoin News chefmatthew987 Jul 30 A panel of crypto industry experts says now is the time to sell dogecoin. The majority of the experts expect DOGE to completely lose its value. Dogecoin "was a meme coin that shouldn't have really gotten to this point," said one of the experts on the panel, blaming Tesla CEO Elon Musk for the popularity of the meme cryptocurrency. Expert Panel on Dogecoin Losing All Value Price comparison portal Finder updated its dogecoin (DOGE) price predictions Wednesday. The platform explained that it measures expert predictions of the future price of dogecoin using weekly and quarterly surveys. The latest quarterly survey, conducted in July, "asks a panel of 54 industry experts for their thoughts on how dogecoin will perform over the next decade." The panel was asked, "Do you think DOGE will completely lose its value?" 55% said yes, 21% believe the meme cryptocurrency will bounce back, and 24% said they were unsure. Regarding when the price of dogecoin will lose all of its value, 3% said it will happen within the year, 12% said next year, 9% see it happening in 2024, and 30% said the meme crypto will lose its value completely by 2025 or later. Experts' responses to the question: "Do you think DOGE will completely lose its value?" Source: Finder's dogecoin predictions. "We're a little ways removed from the days when people thought DOGE was going to the moon," Finder described. "People are now more worried about it staying here on Earth (read: going to zero), something that over half the panel (55%) say will happen at some point in future. Just 1 in 5 (21%) see DOGE bouncing back." Dogecoin's Price Predictions While the majority of the experts on the panel do not have confidence in the long-term future of dogecoin, some of them remained optimistic. For example, Walker Holmes, co-founder and VP of Metatope, predicted that the price of dogecoin could reach $0.40 by year-end. "DOGE has a great community but little utility. DOGE has the ability to attract a culture of content creators and creatives," he opined. Bullish forecasts of dogecoin by some of the experts have pushed the average panel predictions upward. Finder detailed: Dogecoin may see a modest increase in its value in 2022, with Finder.com's panel of fintech specialists giving an average end of 2022 prediction of $0.08. Going forward, the panel projects DOGE to be worth around $0.19 in 2025 before rising to $0.64 by 2030. "The panel's July short-term predictions are down considerably compared to the January survey results when the panel saw DOGE closing out 2022 worth $0.16 and $0.32 by 2025," Finder noted. At the time of writing, the meme coin is trading at $0.070534. A handful of experts on the panel said Tesla CEO Elon Musk is to blame for dogecoin's popularity. Bitwave CEO Patrick White remarked: "DOGE was a meme coin that shouldn't have really gotten to this point. Thanks, Elon." Regarding whether it's time to buy, sell, or hold dogecoin, Finder detailed: The majority of the panel thinks it's time to get out of DOGE, with 71% saying sell. Just shy of a quarter (24%) think you should hold onto what you've got and only 4% say it's time to buy. The panel includes university directors, crypto exchange executives, crypto research analysts, and executives of various firms with crypto-related products. Finder's experts also recently made predictions about several other cryptocurrencies, including bitcoin (BTC), ether (ETH), cardano (ADA), solana (SOL), and binance coin (BNB). In May, the panel predicted the death of DOGE rival, the meme cryptocurrency shiba inu (SHIB). What do you think about dogecoin's price predictions by Finder's expert panel? Let us know in the comments section below. Kevin Helms A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. More Popular News In Case You Missed It Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81383 Powered by Jetpack

chefmatthew987 posted: " Gibraltar MP Albert Isola Reveals Holdings in $BTC – Gibraltar On A Rise  The Coin Republic " NYC Crypto Gibraltar MP Albert Isola Reveals Holdings in $BTC – Gibraltar On A Rise chefmatthew987 Jul 30 Gibraltar MP Albert Isola Reveals Holdings in $BTC – Gibraltar On A Rise  The Coin Republic Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81381 Powered by Jetpack

chefmatthew987 posted: " Family planning contracts vote ripple through New Hampshire politics  The Union Leader " NYC Crypto 404 Error chefmatthew987 Jul 30 Family planning contracts vote ripple through New Hampshire politics  The Union Leader Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81379 Powered by Jetpack

chefmatthew987 posted: " The past 24 hours saw Bitcoin, Ethereum, and other major cryptocurrencies consolidate around important levels, and their performance around them is likely to determine the direction going forward. Bitcoin Flirting With $24,000 The pric" NYC Crypto BTC and ETH Consolidate at Key Levels, Calm Before the Storm? (Market Watch) chefmatthew987 Jul 30 The past 24 hours saw Bitcoin, Ethereum, and other major cryptocurrencies consolidate around important levels, and their performance around them is likely to determine the direction going forward. Bitcoin Flirting With $24,000 The price of BTC is the same as it was 24 hours ago, as the cryptocurrency remains flat at the $24K level, which is an important barrier. Should a break above it take place, this might clear the way for further gains. Despite the relative calmness, the market saw almost $200 million worth of liquidated long and short positions, but the leader in this department was ETH with $77 million, followed by BTC with $27 million. Source: TradingView The chart perfectly visualizes the range Bitcoin has been trading within during the past weeks and the importance of the $24K level. Polkadot Soars 8%, Altcoins Largely Flat The majority of the altcoins are trading flat over the past 24 hours, much like Bitcoin. Ethereum is at the same price as it was yesterday, and the same can be said for many majors – as seen in the image below. Source: Quantify Crypto That said, Polkadot's DOT is the most obvious outlier and exception from the above. The cryptocurrency soared by a considerable 8% in the past day and scored itself a place in the top 10 by means of total market capitalization, according to CoinGecko. The general market sentiment is also steadily improving. The crypto fear and greed index – the most commonly used metric to gauge the sentiment – currently sits at 42 points which is indicative of fear but not as bad as it was a couple of weeks ago when it clocked in around 10. Source: AlternativeMe SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms). PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits. Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information. Cryptocurrency charts by TradingView. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81377 Powered by Jetpack

chefmatthew987 posted: " The Ethereum "Merge" has become a hot topic among top crypto analysts after the incident that led to the collapse of the Ethereum network in the sale of Otherside by Yuga labs, with nearly $200M lost as gas fees. Related Reading: Proof of Work Vs Proo" NYC Crypto How High Can Ethereum Go Before The Merge chefmatthew987 Jul 30 The Ethereum "Merge" has become a hot topic among top crypto analysts after the incident that led to the collapse of the Ethereum network in the sale of Otherside by Yuga labs, with nearly $200M lost as gas fees. Related Reading: Proof of Work Vs Proof of Stake – Laneaxis The Ethereum merge, also known as Ethereum 2.0, is the upgrade of the existing execution of the Ethereum layer 1 from proof-of-work (PoW) to proof-of-state (PoS), Beacon chain. POW was first used by the early pioneers of the blockchain Bitcoin and Ethereum. It aims to achieve decentralization and security by using miners to decode cryptographic algorithms or puzzle-like maths.  As the demand increases for transactions, it becomes slow, gas fees increases, and resources intensify. Proof-of-Stake (POS) is similar to POW, just that users authenticate transactions on the blockchain employing stake and get rewarded.  "The Merge" is a massive step for Ethereum and the community; it is important to note that the Beacon chain is shipped separately from the Ethereum mainnet. It means the Beacon works in parallel as POS, and all accounts, transactions, balances, and smart contracts remain secured by POW  until the final merge to POS. Ethereum Price Remain Strong Despite Daily Resistance Ethereum keeps showing great strength of bullish movement as the anticipated merge gets closer. Ethereum is currently trading at a resistance of $1,730 at the point of writing on the 1D daily chart.  A break of this region would send Ethereum's price to $2,400 and even higher if the bulls and sentiments of the market stay strong ahead of the merge. ETH 1D Resistance On Daily Chart | Source: ETHUSDT On Tradingview.com Ethereum looks really good from the chart on a daily timeframe which is a good sign as we head into a new month. Due to a low volume on a weekend, Ethereum would have a tough time breaking the resistance. If Ethereum is unable to break out successfully, we could retest the region of $1,600 as the nearest support before a major upside movement. Ethereum Price On the 4H Chart Ethereum is currently facing resistance at $1,730 with a low volume accompanying it. If there is going to be a pullback over the weekend the support at $1,600 would be a good entry.   ETH Faces Resistance At $1,730 With Low Volume | Source: ETHUSDT On Tradingview.com Related Reading: Will The Ethereum Merge Skyrocket ETH? The relative strength Index (RSI) is above the 50 mark indicating the market looks healthy but with less price action. With bulls pushing Ethereum in the coming days, breaking the resistance at $1,730 would not be much of a challenge.   Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81375 Powered by Jetpack

chefmatthew987 posted: " Sean Gardner | Getty Images SPEEDWAY, Ind. — Kyle Busch's openness about the unresolved nature of his contract status" NYC Crypto Kevin Harvick on Rowdy's uncertainty: 'I'd hire Kyle Busch today' chefmatthew987 Jul 30 Sean Gardner | Getty Images SPEEDWAY, Ind. — Kyle Busch's openness about the unresolved nature of his contract status for 2023 has had a ripple effect for other teams in the NASCAR Cup Series garage. The two-time Cup champ admitted he's shopped his services to other organizations as the talks for a return to Joe Gibbs Racing have lagged. When asked about a potential link between Busch and Stewart-Haas Racing for next season, SHR senior statesman Kevin Harvick didn't hold back. "I'd hire Kyle Busch today," Harvick said, "because he'd have a great impact on the performance of our team, and just the urgency to do some things better." RELATED: Indy weekend schedule | Silly Season's key players Busch shed new light on the stalled negotiations in candid comments Saturday at Indianapolis Motor Speedway, saying that "obviously, it's a mess right now." Busch said that he was willing to re-up with JGR for a salary under his current value on the free-agent market. SHR currently fields Fords for Harvick, Aric Almirola, Chase Briscoe and Cole Custer in the Cup Series, and Almirola has announced his intent — for now — to retire at season's end. Among those four, only Briscoe has won this year. Harvick sits on the postseason bubble, but is the top-ranked SHR driver in the series standings in 10th, outpointing Almirola (13th), Briscoe (16th) and Custer (26th). Harvick would not say whether SHR was a player in the Kyle Busch derby, saying only that he had not been contacted by Stewart-Haas management about Busch. But he spoke glowingly about Busch's prospects and skill. "There's no way that Kyle Busch doesn't have a lot of options," Harvick said. "So, you know, I know there's a lot of things that go on around Kyle. But in the end, Kyle is still one of the best that's ever come through this garage. So there's a lot of teams out there that can say that they've probably never had one of those types of drivers. You can literally rebuild a whole organization, if somebody took the chance that hasn't had one of those types of drivers. With the right circumstances, you can rebuild a whole organization just off of his pure talent." MORE: Cup Series standings Harvick has had on-track differences with Busch in the past, most notably in the 2011 season when their rivalry peaked at Darlington Raceway. But with those differences long gone, Harvick said the possibility of Busch as a teammate would raise the performance bar. "I get along great with Kyle," Harvick said. "We're gonna race each other and be mad at each other, but I have a good relationship with Kyle, but I can tell you that having a teammate like Kyle makes my car run faster. Because when you have all the cars running fast, they all run faster, quicker. So, I'm 100% open to having Kyle as a teammate. I think that particular instance in itself is something that I feel … I don't even know, I have not heard one thing about it from my organization. So I don't even know what car it's for, what car it's not for. I don't even know what the conversations would be for." Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81373 Powered by Jetpack

chefmatthew987 posted: " Polkadot is one of the top 20 cryptocurrencies by market capitalization, and it has been gaining in popularity lately.DOT is the native token of the Polkadot network. The Polkadot network allows the exchange of data, money, and assets across multiple " NYC Crypto How to Buy Polkadot Coin chefmatthew987 Jul 30 Polkadot is one of the top 20 cryptocurrencies by market capitalization, and it has been gaining in popularity lately.DOT is the native token of the Polkadot network. The Polkadot network allows the exchange of data, money, and assets across multiple blockchain networks. Polkadot is distinguished from other networks like Ethereum by employing a variety of blockchains rather than smart contracts, allowing developers to take a more detailed approach to development. Polkadot is a blockchain protocol by Gavin Wood, the co-founder of Ethereum (ETH), with the goal of connecting various blockchains. Polkadot's blockchain solves several important issues with blockchain technology: interoperability and scalability. It enables other blockchains, such as public and private ones, and decentralized apps (dApps) to interact with each other. In the era before the Internet, computers were isolated from each other. Groups of computers joined together in a network are possible only for military, government, or IT companies who had the technology, and logistics to connect the computers. Different networks were not connected as each had different communication protocols. It was only when the need for a decentralized network with a unifying protocol was suggested, that the true Internet was born.  Polkadot is connected with the Web 3.0 project; this makes it fast and scalable, capable of conducting over 1,000 transactions per second (TPS). That is remarkable when you consider that Bitcoin can only do about seven transactions per second, and Ethereum can only handle roughly 30. How to buy Polkadot coin guide has been made easy with stepwise details and particular exchanges. Where to Buy Polkadot Several large crypto exchanges such as Binance, FTX, Kraken, Uphold, Huobi, and Nexo have listed the DOT token. But, as DOT is not running on the Ethereum blockchain, large DeFi exchanges such as Uniswap or SushiSwap don't support DOT swaps yet. If you think blockchains need to be more interoperable and scalable, DOT, the crypto asset that drives Polkadot, is a smart investment. You can also buy DOT tokens in a wallet instead. For example, Trust Wallet enables transactions using third-party providers to purchase DOT within the app. Customers can trade DOT with USD Coin (USDC), a leading stablecoin, on cryptocurrency trading platforms. The following exchanges allow investors to buy and sell DOT and USDC: To open an account with one of these exchanges, you must first create an account and identify yourself. The procedure is simple and comparable to that of a web brokerage firm. You will be asked to provide your name, address, a government-issued official public document (passport), and proof of address (utility bill). Most of the time, this procedure takes only a few minutes. Once you've submitted the paperwork, your account will be verified and fully functional in 1 to 2 business days. When creating a new account, make sure that 2-factor authentication and other security features (such as delayed withdrawals) are enabled. Another important advantage of creating a new account is that it helps to prevent unauthorized access to your account and funds. Binance Binance is a major cryptocurrency exchange that is well-known across the world. The lower costs and increased liquidity of purchasing Polkadot on Binance make it easier to buy and sell at the moment when market-moving news is announced. In addition to this, the fees that you may pay, get even lower if you have an allocation of the Binance Coin (BNB). They also have a wide variety of tools and technologies available specifically for cryptocurrencies, which makes them a suitable option for highly experienced crypto traders.   Advantages of buying Polkadot on Binance are an advanced charting platform with numerous technical indicators, very low commissions, support fiat currency deposits, low fees, additional discounts for using BNB, and security measures that are very tight and proven to be among the best in the industry. However, the disadvantage is that Binance charges up to 2% on credit /debit card deposits, and also customer service responses can be delayed at times. KuCoin KuCoin is a well-known cryptocurrency exchange that offers competitive fees and trading costs. The cryptocurrency exchange has expanded vastly since it began. It has recently expanded into a wide variety of services, including peer-to-peer currency trading and the buying of Bitcoins with credit or debit cards. KuCoin also has a mobile app for both Android and iOS devices, which makes it possible to trade on the go. Polkadot (DOT) may now be bought on KuCoin, and over 300 other popular currencies are also available for trading. It is frequently the first to provide chances to acquire new cryptocurrencies. Uphold Uphold is a digital money platform where you can buy, hold, convert and transact in 26 different fiat currencies and 5 cryptocurrencies including Polkadot. Uphold also offers dynamic currency conversion which allows members to hold funds in multiple currencies and convert them on demand at the best real-time conversion rate. Uphold's Tradingview interface is highly user-friendly, and it includes a desktop and mobile device. The trading view may be adjusted to your liking, with the assets you trade the most, and it has a modern look on both desktop and mobile platforms. It is a popular and appropriate option, especially for new traders. The Uphold trading platform not only looks good, but it is also very user-friendly. You may trade right away from your deposit method after just a few clicks, even before funds have cleared your account. It's another feature from a firm that places a high value on the simplicity of its platform. Uphold also enables the placing of limit orders. They also provide a number of advantages, including the option to stake for DOT. How to buy Polkadot in Binance 1. Sign up for a Binance account To buy Polkadot on Binance, you'll first need account creation on Binance. Once you've done so, make sure to enable 2-factor authentication (2FA) for added security. 2. Verify your account In order to deposit fiat currency, or to trade with higher limits, you will need to verify your Binance account. You'll need to submit a photo ID and proof of residence. The process is straightforward and only takes a few minutes and also choose a payment method. 3. Deposit funds into your account After you've verified your account, you can deposit funds. Binance supports a variety of deposit methods, including credit/debit cards, wire transfers, and crypto transfers. Deposits are typically credited to your account within minutes. 4. Buy DOT Once you have deposited funds into your account, you're ready to buy Polkadot online. Go to the "Exchange" page and search for "DOT/USDT" in the "Market" search bar. Select this pair, and then click "Buy DOT". 5. Enter your order On the "Order Form" page, enter the amount of DOT you'd like to buy. You may also set a limit price if desired. Then click "Buy DOT". Your order will be filled at the best available price. If you set a limit price, your order will only be filled if the DOT price reaches that level. 6. Store your Polkadot After you have bought Polkadot, it is important to store your DOT in a secure wallet. Binance offers a free crypto wallet for all supported cryptocurrencies, which you may use to store your DOT. Just click on "Funds" and then "Wallets" at the top of the page, and then find DOT in the list of supported cryptocurrencies. There are several options you can safely store your Polkadot tokens. Hard Wallet: A hard wallet looks like a flash drive or a USB drive. It's a tiny, physical gadget that connects to your computer or laptop and holds your private keys and personal crypto assets keys. When they're not in use, they're considered "cold" because they aren't linked to the internet or a network. Paper Wallet: Although this form of storage is less popular than it once was, it may be a viable storage option. You write down keys or applications on a paper wallet in order to obtain a QR code. If you lose it, you can recover your cryptocurrencies. Software Wallet: These wallets are applications or programs that you may download to keep track of your cryptocurrencies on your own. Because they're linked to the internet and networks, they're less secure, but they make it simple to trade your assets. How to buy Polkadot with KuCoin 1. Sign up for a KuCoin account First, download the KuCoin App and create an account. Be sure to enable 2-factor authentication (2FA) for added security. To execute transactions, you'll need your photo ID and proof of residency, so keep it on you. KuCoin will check to verify your identification. 2. Deposit cryptocurrencies The most convenient cryptocurrencies to deposit are Bitcoin (BTC) and Ethereum (ETH). They both have trading pairs with the vast majority of digital assets listed on KuCoin and therefore give you the greatest amount of flexibility. Both BTC and ETH can be traded for DOT on KuCoin. In order to make your deposit, go to the navigation bar at the top of the website and click Assets > Deposit. A search bar should appear on your screen. Enter the ticker (BTC for Bitcoin, ETH for Ethereum) for the cryptocurrency you wish to deposit and choose it from the drop-down menu. The cryptocurrency selected will be sent to a deposit address on the website. The address will be a sequence of numbers and letters, both lowercase and uppercase (both lowercase and uppercase). Copy the address in its entirety and open your wallet software. Make a deposit by sending the amount you wish to deposit to the address you copied. It might take up to half an hour for the transaction to complete, so don't anticipate your funds to be available right away. If the deposit has already been processed, the coin and amount will be shown on the list. You may use the search bar if you have multiple cryptocurrencies. 3. Place a buy order for Polkadot Now that you've deposited cryptocurrency, it's time to place a buy order for DOT. To do this, go to the navigation bar and click Markets. A search bar will appear on your screen. Enter DOT in the search bar and select the DOT/ETH trading pair from the drop-down menu. You'll be taken to the DOT/ETH trading page. On the DOT/ETH trading page, you will see three boxes in the center of the screen. The first box is for buy orders, the second box is for orders to sell Polkadot. We want to place a buy order, so we'll focus on the first box. In the "Buy DOT" box, you'll see two input fields. The first field is for the price per DOT in ETH and the second is for the amount of DOT you want to buy. Advantages of Buying Polkadot The Polkadot blockchain is extremely scalable, with the ability to process 1,000 transactions per second (TPS). This is incredible when you consider that Bitcoin and Ethereum can only process seven and 30 transactions per second, respectively. With these advantages, Polkadot has the potential to improve the use of certain cryptocurrencies. Polkadot's decentralized applications (dApps) have recorded larger numbers than those offered by its competitors, resulting in a higher overall price. The Polkaswap (PSWAP) is a non-custodial AMM decentralized exchange (DEX) developed particularly for the network. Like many other cryptocurrencies, Polkadot is based on supply and demand speculation. Furthermore, it expects the price of its blockchain's smart contracts to rise. The Polkadot blockchain is also very versatile. Individuals who possess Polkdots may provide input on the future of the protocol and use it as a governance token. With Polkadot, you can stake in order to authenticate transactions and create new DOT tokens. Furthermore, Polkadot has made successive partnerships after partnering with the Celer Network, REN, and OCEAN Protocol are a few of these efforts. CELR's integration with Polkadot's ecosystem was announced on January 19, 2021. Polkadot's most significant goal in this partnership is to enable creativity by connecting data resources across blockchains. Disadvantages of Buying Polkadot Despite all of the advantages of Polkadot, there are also some disadvantages to consider. Competition from other smart contract blockchain projects is a major concern, particularly, Ethereum, Tron, the Binance Smart Chain, and Cardano, in terms of decentralized apps. Other networks are considered more popular than Polkadot, although the latter was the first mover in terms of interoperability. Forks on smart contract chains may be used to improve their platforms and add new features. If this happens, Polkadot might face increased competition in the realm of blockchain interoperability. Should you buy Polkadot? Polkadot blockchain is scalable as it supports multiple chains, including those with different properties. It also allows for the development of dApps. Polkadot's price has increased significantly since it was first introduced but it still has a long way to go before reaching its all-time high. Polkadot purchasing is worth in 2022 as per the price forecasts of analysts. However, you should do independent research before making any investment decisions as the cryptocurrency market is highly volatile. Given the aforementioned applications and services, we can conclude that Polkadot is in the third place when it comes to developer activity, after Uniswap and Solana. A slew of decentralized finance protocols and applications for lending, exchange, yield aggregators, and autonomous organizations could soon flood the DOTs Network. The DOT cryptocurrency is a digital coin that shareholders may buy to have a stake in the Polkadot network. Polkadot trading indicates that you are speculating on the price of Polkadot. The majority of DeFi services today are designed to operate on the Ethereum network and utilize ERC-20 and ERC-721 tokens. Because DOT is based on the Polkadot platform, most of these services are not yet compatible with the DOT token. Interoperability between blockchains will be a major step forward for DeFi, therefore it's reasonable to expect that this may change soon in the crypto space. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81371 Powered by Jetpack

chefmatthew987 posted: " Coming every Saturday, Hodler's Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in" NYC Crypto Crypto pumps after Fed rate hike, Zuck pins hopes on Metaverse making hundreds of billions, and Tesla posts $64M BTC gain: Hodler's Digest, July 24-30 chefmatthew987 Jul 30 Coming every Saturday, Hodler's Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week   'Bullish rate hike' — Why crypto spiked in the face of bad news Despite the U.S. Federal Reserve announcing a 75-basis-point interest rate hike on Wednesday, the crypto markets pumped significantly on the same day with the momentum continuing through the week. Quantum Economics founder and CEO Mati Greenspan jokingly called it a "bullish rate hike" and stated that investors were clearly expecting far worse. Analysts such as Swyftx's Pav Hundal suggested the recent rally may be due to an easing of inflationary pressures around gas and goods such as corn and wheat.   Ethereum dev confirms Goerli merger date, the final update before the Merge On Thursday, lead Ethereum developer Tim Beiko revealed that the final Goerli testnet merger ahead of Ethereum's long-awaited Merge and switch to proof-of-stake will occur between Aug. 6-12. In what has been a long and much-delayed roadmap since late 2020, the Ethereum network is now in the final stages of completing its largest upgrade to date. The official Merge is slated for Sept. 19 but could be subject to further delays if there are issues with the Goerli testnet.     Zuckerberg unfazed about $2.8B metaverse division loss in Q2 Meta CEO Mark Zuckerberg stated that he was unfazed by the company copping a $2.8 billion loss on its Metaverse division in Q2. He highlighted that the company's Metaverse goals will take several years to roll out, but he sees a "massive opportunity" to make hundreds of billions of dollars, or even trillions, over time as the sector matures. "I'm confident that we're going to be glad that we played an important role in building this," he said.   Cathie Wood sells Coinbase shares amid insider trading allegations Cathie Wood's investment firm Ark Investment Management, which is one of the largest shareholders of Coinbase (COIN), reportedly dumped 1.4 million COIN shares on Tuesday. The shedding was done via three of Ark's exchange-traded funds (ETF), and the sale was estimated to be worth around $75 million. The firm reportedly held nearly 9 million COIN shares in late June and has continually snapped up the stock since it opened at roughly $350 last April. Since then, the price has tanked heavily to sit just below $63, and Ark probably should have shorted it when Jim Cramer called it "cheap" at $248 last August.   Tesla reports $64M profit from Bitcoin sale The Elon Musk-led electric vehicle maker Tesla posted a respectable $64 million profit after selling 75% of its BTC holdings in Q2. The gains seem notable considering the company sold during the middle of a bear market; however, what's more important and exciting is that Musk appears to be finally losing interest in crypto and we won't need to hear from him anymore. The firm is said to still have 10,800 BTC on its books, which is worth around $255 million at the time of writing.       Winners and Losers   At the end of the week, Bitcoin (BTC) is at $23,559.86, Ether (ETH) at $1,674.34 and XRP at $0.36. The total market cap is at $1.08 trillion, according to CoinMarketCap. Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Optimism (OP) at 75.71%, Ethereum Classic (ETC) at 58.20% and Qtum (QTUM) at 41.89%.   The top three altcoin losers of the week are Huobi Token (HT) at 9.10%, Kusama (KSM) at 8.98% and NEAR Protocol (NEAR) at 7.76%. For more info on crypto prices, make sure to read Cointelegraph's market analysis.         Most Memorable Quotations   "A lot of NFT projects are just speculation with no real tangible spine, no real true story. Having a football club to root for every week? That's a spine that people attach themselves to."  Preston Johnson, co-owner of Crawley Town F.C. and co-founder of WAGMI United   "Industry shouldn't be allowed to write the rules that they want to play by." Sherrod Brown, U.S. senator and chair of the Senate Banking Committee   "We think it is more relevant for local projects to benefit the local economy, and not just take products to the United States to benefit traders there, for example."  Lou Yu, head of KuCoin Labs    "Powell is particularly skilled at delivering bad news. Clearly investors were expecting worse."  Mati Greenspan, founder and CEO of Quantum Economics   "The Metaverse is a massive opportunity for a number of reasons. I feel even more strongly now that developing these platforms will unlock hundreds of billions of dollars, if not trillions, over time."  Mark Zuckerberg, CEO of Meta   "I worry about things that are not directly related to blockchain and the Metaverse. I worry about climate change and about social fragmentation."  Neal Stephenson, author of Snow Crash   Prediction of the Week    GameFi industry to see $2.8 billion valuation in six years Absolute Reports published a GameFi-focused report this week estimating that the play-to-earn NFT gaming industry will be worth $2.8 billion by 2028. For it to reach the target, GameFi would need a compound annual growth rate of 20.4% over six years, given that the sector was estimated to be worth $776.9 million last year. The reasons for this lofty target, however, are locked behind a paywall.     FUD of the Week  Solana-based stablecoin NIRV drops 85% following $3.5M exploit The algorithmic stablecoin from Solana-based adaptive yield protocol Nirvana Finance, NIRV, de-pegged by 85% this week after the protocol was hacked for $3.49 million worth of USDT. The incident was cited as a flash loan attack which resulted in the funds being siphoned from Nirvana's treasury. Its native token, ANA, also dropped 85% as a result of the hack.   Phishing risks escalate as Celsius confirms client emails leaked On Tuesday, beleaguered and bankrupt crypto lending firm Celsius emailed its customers, informing them that a list of their emails had been leaked by an employee of one of its business data management and messaging vendors, Customer.io. The firm has played down the incident, stating that it did not "present any high risks to [its] clients," adding that they just wanted users to "be aware" — although Celsius also said similar things regarding users' assets after pausing withdrawals several weeks ago.   TikTok data policy debacle: Is user's crypto at risk? Popular social media app TikTok is facing backlash over its far-reaching data collection policies that could extract large amounts of sensitive info from a user's smartphone or computer. As such, crypto users are now worried about whether TikTok is capable of scraping critical data such as private wallet keys. "TikTok is not just another video app. That's the sheep's clothing. It harvests swaths of sensitive data that new reports show are being accessed in Beijing," claimed U.S. Federal Communications Commissioner Brendan Carr.     Best Cointelegraph Features The Merge is Ethereum's chance to take over Bitcoin, researcher says Ethereum's imminent transition to a proof-of-stake consensus mechanism will transform its monetary policy, potentially making ETH more scarce than Bitcoin. Tokenomics not Ponzi-nomics: Influencing behavior, making money Economics is the study of human behavior involving scarce resources — and the effects those behaviors have on those resources, explains Roderick McKinley. When worlds collide: Joining Web3 and crypto from Web2 A friend of mine who is a seasoned Web2 tech executive joined a Web3 company in June. A switched-on operator, he asked to speak with all 16 staff before deciding to join the firm.       Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. 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chefmatthew987 posted: " Data shows the Ethereum supply locked in the ETH 2.0 staking contract was holding unrealized losses amounting to almost $15 billion just a few days back. Realized Price Of ETH 2.0 Deposits 44% More Than Normal Supply As per" NYC Crypto Ethereum 2.0 Locked ETH Is Holding $15 Billion In Losses | Bitcoinist.com chefmatthew987 Jul 30 Data shows the Ethereum supply locked in the ETH 2.0 staking contract was holding unrealized losses amounting to almost $15 billion just a few days back. Realized Price Of ETH 2.0 Deposits 44% More Than Normal Supply As per a special report released by Glassnode and CoinMarketCap, the Ethereum locked into the 2.0 contract is holding heavy losses right now. A relevant metric here is the "realized cap," which is a method of calculating the capitalization by multiplying each coin in circulation with the price it was last moved at, and taking the sum. This is different from the usual "market cap," where the total number of coins in circulating supply is multiplied by the current Ethereum price. From this realized cap, an average "realized price" can also be derived by dividing the indicator with the amount of supply in circulation. Now, here is a chart that compares the realized price of the overall ETH market with that of the supply locked into the staking contract: Looks like the staked ETH is being held at an average realized price of $2.389k | Source: Glassnode and CoinMarketCap's On-Chain Analytics Issue One — July 2022 As you can see in the above graph, the realized price of the aggregate Ethereum market was around $1.6k a few days back when the report came out. Then, the realized price of the staked ETH was just under $2.4k. At these values, the locked supply's realized price differed from the normal supply's by 44%. The chart also includes data for the unrealized profit/loss of the staked supply. It seems like at the time of the report the coins in the ETH 2.0 contract held unrealized losses totaling to very nearly $15 billion. Though, since the report has come out, Ethereum has observed a significant price jump, and thus the current losses of the staked supply and the overall market's realized price would have changed by now. Nonetheless, the realized price of the staked supply wouldn't have budged too much, which means the coins locked would still be quite underwater at the current price. Thus, the fact remains that the 13 million ETH deposited into the staking contract are currently holding much more losses than the normal supply. Ethereum Price At the time of writing, ETH's price floats around $1.7k, up 10% in the last seven days. Over the past month, the crypto has gained 58% in value. The below chart shows the trend in the price of the coin over the last five days. The value of the crypto seems to have flatlined during the last few days | Source: ETHUSD on TradingView A few days back, Ethereum observed some sharp uptrend as the coin's price rose to $1.7k. However, since then, ETH has mostly been consolidating sideways. Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, CryptoQuant.com Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81367 Powered by Jetpack

chefmatthew987 posted: " Cardano's [ADA] move to improve scalability within its network may have been delayed. However, the Proof-of-Stake (PoS)-based cryptocurrency did not seem to be bothered about the development.  As of 29 July, ADA flipped Ripple [XRP] to become the seve" NYC Crypto Is ADA making an effort to take over XRP's position amid rising market cap – Coin-News24.com chefmatthew987 Jul 30 Cardano's [ADA] move to improve scalability within its network may have been delayed. However, the Proof-of-Stake (PoS)-based cryptocurrency did not seem to be bothered about the development.  As of 29 July, ADA flipped Ripple [XRP] to become the seventh largest cryptocurrency in market value. Delay not denial According to Santiment, the flip happened as ADA's on-chain, and social metrics skyrocketed. It began when its social volume increased from 145 to hit 441. Interestingly, it did not stop there. Around the same time, active addresses on the Cardano chain rose drastically, making an incredible run from 45 to 176. Source: Santiment Earlier, the development department of Cardano announced that Cardano would push forward the hard fork upgrade. The Vasil hard fork, aimed at upgrading Cardano's testnet, was considered an innovation that would solve the scalability problems faced by the chain. In relation to pushing the event forward, Kevin Hammond, Cardano's Technology Manager, said, "There could be a few more weeks from where we are before we go to the actual Vasil hard fork. All users have to be ready to progress through the hard fork to make sure the smooth process, both for them and end users of the Cardano blockchain." After being billed to happen on 29 June, Hammond confirmed that Cardano would communicate a later date for the upgrade. Back below ADA did not last long at the seventh market cap position. A few hours later, XRP regained its position, with ADA pulling back at number eight. At press time, XRP had moved one step further to become the largest cryptocurrency in market cap value as per CoinMarketCap. However, ADA still seems close to it. At the time of this report, ADA's market value was $17.56 billion, while XRP stood at $17.88 billion. Indications are that ADA still has the potential to move one more time upward. Despite being down 69% from its all-time high (ATH), ADA is in a prime position to maintain an uptrend. According to the Relative Strength Index (RSI), ADA is in a good state for another price increase. However, if it approaches the overbought level, ADA could retrace. At an RSI of 61, moving up to 70 could trigger a price fall and affect its already-increasing market cap.  Source: TradingView At this point, ADA investors may have to observe the market trend and price action before the coin moves in a specific direction.  Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81365 Powered by Jetpack

chefmatthew987 posted: " XRP price is primed for a major spike in volatility  FXStreet " NYC Crypto XRP price is primed for a major spike in volatility chefmatthew987 Jul 30 XRP price is primed for a major spike in volatility  FXStreet Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81363 Powered by Jetpack

chefmatthew987 posted: " Monero Classic (XMC) gets a neutral rating from InvestorsObserver Saturday. The coin is up 2.61% to $0.451634841 while the broader crypto market is up 2.2%. Monero Classic has a Neutral sentiment " NYC Crypto Neutral-Rated Monero Classic (XMC) Rises Saturday to $0.451634841 chefmatthew987 Jul 30 Monero Classic (XMC) gets a neutral rating from InvestorsObserver Saturday. The coin is up 2.61% to $0.451634841 while the broader crypto market is up 2.2%. Monero Classic has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Monero Classic! Neutral Over the last five days, Monero Classic has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Monero Classic over the past five days by volume and price movement. The Sentiment Score provides a quick, short-term look at the crypto's recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip. Price Levels Monero Classic is currently trading near its midpoint for the past five-days. The coin is 3.69% off its five-day high and is 5.95% higher than its five-day low of $0.426282346248627. Monero Classic price is currently above resistance. With support set around $0.433770024841163 and resistance at $0.448385262554023, Monero Classic is potentially in a volatile position if the rally burns out. Monero Classic has traded on low volume recently. This means that today's volume is below its average volume over the past seven days. What is a coin? A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, what those payments are use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes. Due to a lack of data, this crypto may be less suitable for some investors. Click here to unlock the rest of the report on Monero Classic Stay In The Know Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more. Thank you for signing up! You're all set to receive the Morning Update newsletter Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81361 Powered by Jetpack

chefmatthew987 posted: " On-chain data shows the Ethereum exchange inflows have declined to low values recently, a sign that could be bullish for the crypto's price. Ethereum 7-day MA Exchange Inflows Have Gone Down In Recent Weeks As pointed out by an analyst in a CryptoQuan" NYC Crypto Ethereum Bullish Signal: Exchange Inflows Decline To Low Values chefmatthew987 Jul 30 On-chain data shows the Ethereum exchange inflows have declined to low values recently, a sign that could be bullish for the crypto's price. Ethereum 7-day MA Exchange Inflows Have Gone Down In Recent Weeks As pointed out by an analyst in a CryptoQuant post, the ETH price has been reversing up as the PoS merge comes near. The "exchange inflow" is an indicator that measures the total amount of Ethereum moving into wallets of all centralized exchanges. When the value of this metric shoots up, it means a large number of coins are being deposited into exchanges right now. Since investors usually transfer to exchanges for selling purposes, such a trend can be bearish for the price of the crypto. On the other hand, low values of the indicator can suggest holders aren't sending in many coins to exchanges at the moment. Depending on whether they are also withdrawing or not, this trend could be either bullish or neutral for the value of ETH. Now, here is a chart that shows the trend in the Ethereum 7-day moving average all exchanges inflow over the past six months: The 7-day MA value of the metric seems to have been going down in recent days | Source: CryptoQuant As you can see in the above graph, the Ethereum exchange inflows sharply rose up in June and hit a peak. The price simultaneously suffered a big hit due to the selloff. Following this surge, the indicator's value started to observe a decline. Around when the ETH developers announced the 19th September date for the PoS merge, the coin's price started making recovery as the inflows continued to trend down. Now the metric finds itself at pretty low values. There has only been one dip below the current values in 2022, which was back in March. These rock-bottom inflow values can imply Ethereum might see more bullish momentum in the near future as long as the selling pressure remains muted. The chart also displays data for the "open interest," another on-chain indicator that measures the amount of positions currently open in the derivatives market. It looks like the ETH positions have recently seen some growth. An active futures market can result in higher volatility due to excess of leverage, and in this year so far, high open interest hasn't been constructive for the crypto's price. ETH Price At the time of writing, Ethereum's price floats around $1.7k, up 12% in the last week. Over the past month, the crypto has gained 56% in value. The below chart shows the trend in the price of the coin over the last five days. Looks like the value of the crypto has moved sideways recently | Source: ETHUSD on TradingView Featured image from Bastian Riccardi on Unsplash.com, charts from TradingView.com, CryptoQuant.com Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81359 Powered by Jetpack

chefmatthew987 posted: " In the last two months, the popular meme coin, Dogecoin [DOGE], logged a 256% uptick in the number of unique addresses that traded the Elon-backed coin daily, as per latest data.  #Dogecoin price dropped ~15% in the last 2 months, from $0.082 to $0.0" NYC Crypto Can DogeCoin [DOGE]'s surge in network activity mean something for its price – Coin-News24.com chefmatthew987 Jul 30 In the last two months, the popular meme coin, Dogecoin [DOGE], logged a 256% uptick in the number of unique addresses that traded the Elon-backed coin daily, as per latest data.  #Dogecoin price dropped ~15% in the last 2 months, from $0.082 to $0.068. Meanwhile, the # of new daily $DOGE addresses surged by 265%, from 14.47K to 38.43K new addresses per day. The increasing network growth is a positive sign, which could soon be reflected in #DOGE price. pic.twitter.com/8gwceJVARw — Ali Martinez (@ali_charts) July 29, 2022 The uptick represented a rally from 14,000 addresses to 38,000 new addresses per day within the two-month period under review. However, the growth in daily active addresses for the DOGE was registered despite a continued decline in price. How has this coin fared in the last two months? A small price to pay? In the two-month window under review, the price of the meme coin dropped by 19%. On 30 May, the price per DOGE coin stood at $0.08. As the bears rummaged through the cryptocurrency market, the price of the coin declined steadily to be pegged at $0.07 at the time of writing. With a bullish retracement underway in the market since the beginning of July, the coin has seen a 16% growth in price in the last 29 days. The coin's trading volume dropped in the 60-day period under review. Within that time, DOGE logged an 8% decrease in its trading volume. This stood at 618.43 million at press time, with an 18.54% decline in the last 24 hours.  Further, at $9.32 billion and currently ranked number ten on CoinMarketCap's ranking of crypto assets with the largest market capitalization, DOGE's market capitalization declined by 25%. Two months ago, the meme coin's market capitalization was $11.65 billion. Source: Santiment On a 24-hour chart, the meme coin posted a 0.12% growth in price. Interestingly, the coin has seen an uptick in buying pressure in the last two days. Spotted in an uptrend, the coin's Relative Strength Index (RSI) was 55.92 at press time. Similarly, headed to the overbought position, the coin's Money Flow Index (MFI) was pegged at 70.51 at the time of writing. Source: TradingView On-chain performance Despite the impressive growth in the daily active addresses that transacted DOGE in the two-month period under review, data from Santiment revealed a significant decline in the aggregate amount of DOGE tokens across all the transactions completed within that period. At 255.77 million at press time, this metric dropped by over 200% in the last 60 days. Represented in USD, this declined from $81.1 million to $14.29 million. Source: Santiment In the past two months, the coin's social dominance rose to a high of 12.88% on 16 June. At 3.24% at press time, this metric logged a 74% decline since 16 June. The coin's social volume also marked a high of 8561 on 19 June. Pegged at 617 at the time of writing, the coin's social volume dropped by 92%.  On a developmental front, the coin logged some respite. This grew by 152% in the period under review. Source: Santiment Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81357 Powered by Jetpack

chefmatthew987 posted: " This article was first published as the Jazz Insiders newsletter. Sign up to receive the newsletter in your inbox each Friday.It's been four weeks since the Utah Jazz made the deal that would send Rudy Gobert to the" NYC Crypto The ripple effects of the Rudy Gobert trade chefmatthew987 Jul 30 This article was first published as the Jazz Insiders newsletter. Sign up to receive the newsletter in your inbox each Friday. It's been four weeks since the Utah Jazz made the deal that would send Rudy Gobert to the Minnesota Timberwolves and the ramifications of that trade are still reverberating throughout the NBA. It was that move that signaled the Jazz's intentions of moving in a totally different direction, likely a rebuild, making way for movement in the Western Conference and leading up to trade talks involving Donovan Mitchell. But it's not just the Jazz that have been changed or impacted by the Gobert deal. The haul that the Jazz got in return for Gobert (Patrick Beverley, Malik Beasley, Jarred Vanderbilt, Leandro Bolmaro, this year's No. 22 overall pick Walker Kessler, four future first-round picks in 2023, 2025 and 2027, a top-five protected pick in 2029 and a pick-swap with Minnesota in 2026) has stalled trade discussions leaguewide. The Jazz front office deserves a lot of credit for the largesse presented to them by the Wolves. But because of the size of the return for Gobert, the market has been set and now the Jazz are seeking a return of similar quality for Mitchell. So teams hoping to get in on those trade discussions are burdened with having to be willing to give up a lot. Again though, this isn't just about the Jazz. It's also been more than four weeks since Kevin Durant requested a trade from the Brooklyn Nets and while that doesn't have anything to do with the Jazz, the market value of Durant is obviously supposed to exceed that of Gobert, so it has made finding a team with a suitable haul of assets difficult. These things eventually work themselves out and teams will find ways to make things work if they want a player bad enough, whether that means giving up the future to bet on a star player now, or getting multiple teams involved to put together an acceptable package. But, Mitchell and Durant are high-level, team-changing players and movement in the NBA this summer has been quiet as the rest of the league waits to find out where these top names are going to end up. Until those moves are made, the league is in a bit of a holding pattern. New with the Jazz This week on 'Unsalvageable' Check out "Unsalvageable" hosted by Deseret News Utah Jazz beat reporter Sarah Todd and lifelong Jazz fan Greg Foster (no, not that Greg Foster). This week the crew talks about final Summer League observations and the fact that there hasn't been any news yet about where Mitchell could end up. No news is still news! The podcast has moved to a new feed so remember to follow or subscribe by searching for "Unsalvageable" through your podcast provider. New episodes come out every week. You can listen on Apple Podcasts, Spotify, Stitcher and anywhere else you stream podcasts. From the archives This week in Jazz history On July 30, 2020, Utah Jazz center Rudy Gobert sank two free throws with 6.9 seconds left to cap a 14-point, 12-rebound and three-block performance, giving the Jazz a 106-104 victory over the New Orleans Pelicans in the first game of the NBA's 2019-20 season restart in the Orlando bubble. How to pass the time in the offseason Now that the Jazz season has come to an end, it means that I have some time to catch up on the things that I love but don't have enough time for during the NBA season. Here I'll suggest my latest way to pass the offseason time and also take your suggestions. Jigsaw puzzles are not just a fun activity that I picked up during COVID-19 isolation. I've been putting together puzzles since before I can remember. My mother and I started puzzling together when I was a kid and when I visit her in California we always plan some time for us to sit together around a puzzle. It's not just about the activity though. Some of my best conversations with my mother are had when we are sorting through puzzle pieces. Sometimes we'll listen to an audiobook while we puzzle, sometimes we'll listen to a podcast and sometimes we'll put on one of our favorite movies to play in the background. I also really enjoy puzzling when I'm alone. I find the sorting and the solving cathartic and relaxing. I have all sorts of opinions on the proper way to puzzle and how things should be sorted and which types of puzzles are better than others (I prefer random cut over ribbon cut, Springbok and Cobble Hill are my favorite brands), but really the right way to puzzle is the one that makes you happy. I love puzzling and I think that you should give it a try, whether it's with your kids, with your friends, with your siblings, with your parents or even by yourself. And, if you get really into it, search on Facebook or other social media platforms for puzzle swap groups in your area, because then the puzzling can be endless. Extra points Who are the best 2023 draft prospects not named Victor Wembanyama? (Deseret News) What Jazz fans should know about Simone Fontecchio (The Athletic) What would a Russell Westbrook to the Jazz trade look like? (Salt Lake Tribune) Around the league The Boston Celtics are interested in Kevin Durant. Aron Baynes will play in Australia one year after spinal injury. Zion Williamson's contract extension has weight stipulations. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81355 Powered by Jetpack

chefmatthew987 posted: " Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Over the last three days, Dogecoin [DOGE] bulls provoked an impressive buying comeback from the $0.06 support. As a " NYC Crypto Dogecoin [DOGE] HODLers may see light at the end of the tunnel after this… – Coin-News24.com chefmatthew987 Jul 30 Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Over the last three days, Dogecoin [DOGE] bulls provoked an impressive buying comeback from the $0.06 support. As a result, it saw a revival above the Point of Control (POC, red). In its endeavor to sustain the bullish volatile break, DOGE bulls could continue propelling near-term gains. With the formation of a bullish pattern in the four-hour timeframe, sellers were on the back foot. At press time, DOGE was trading at $0.0727, up by 3.61% in the last 24 hours. DOGE 4-hour Chart Source: TradingView, DOGE/USD After flipping from the $0.075-resistance, DOGE lost over 21% of its value and matched its weekly lows on 26 July. After seeing a tussle between the buyers and sellers near the Point of Control (POC, red), the price action saw a reversal from the long-term $0.06 zone support. Over the last few days, DOGE formed a bullish pennant pattern in the four-hour timeframe. Given the steepness of the flag, the pattern could hold the near-term bullish momentum. The bears would most likely step in the $0.073-$0.076 range to pose hurdles.  In such a case, this bearish reversal could find reliable grounds in the $0.0715-$0.071 range. Any bouncebacks from this range could hint at an entry trigger. In either case, potential targets for the near-term rest in the $0.076-zone. Also, with the 20 EMA (red) undertaking a bullish crossover with the 50EMA (cyan) and the 200 EMA (green), the bulls would aim to continue their immediate buying spree. Rationale Source: TradingView, DOGE/USD The Relative Strength Index (RSI) approached to retest the overbought mark at press time. A likely reversal from this zone could facilitate near-term ease in buying edge. This reading entailed a possibility of a reversal from the immediate resistance range on the chart. Also, the Volume Oscillator saw a bullish divergence with price action's higher troughs in the last few days. Thus, provoking an uptick in buying volumes. Conclusion Given the bullish pennant setup breakout, the altcoin could register some more gains until a near-term reversal. In which case, the potential targets would remain the same as discussed. Finally, the dog-themed coin shares a 57% 30-day correlation with the king coin. Thus, keeping an eye on Bitcoin's movement would complement these technical factors. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81353 Powered by Jetpack

chefmatthew987 posted: " The crypto market had quite an interesting week which started off with some uncertainty associated with market data. However, a mid-week rally ensued and LINK is among the cryptocurrencies that jumped on the bullish bandwagon. LINK kicked off the week" NYC Crypto LINK rallies by 30%, breaks out of a key resistance level to trade with the bulls chefmatthew987 Jul 30 The crypto market had quite an interesting week which started off with some uncertainty associated with market data. However, a mid-week rally ensued and LINK is among the cryptocurrencies that jumped on the bullish bandwagon. LINK kicked off the week with a bit of a bearish pullback before embarking on a strong rally. Its price action experienced an uptick by as much as 31% from 27 July to its peak at $8.12 on 29 July. The rally allowed LINK to break out of a key resistance level that has been active since mid-June, where it has remained below since then. Evaluating LINK's bullish assault LINK's latest price action also confirms strong demand in the market especially after breaking out of its long-term wedge pattern. Short-term profit taking previously restricted its upside, but its rally this week confirms the level of demand in the market. The rally also notably took place after briefly taunting the downside, resulting in a bear trap. Some investors expected some downside from inflation and recession data, only for a bullish outcome to leave short sellers trapped. Source: TradingView Although the strong upside managed to push the price back above the 50-day Moving average, the price remained within the neutral zone. However, the Relative Strength Index (RSI) did push closer to the overbought zone, but there is still some room for more upside. LINK's next major resistance level is near June's peak at around $9.6. As far as its ability to continue on the bullish trajectory is concerned, any subsequent downside pressure has been severely limited. The rally was also backed by healthy network growth after bouncing back from its lowest monthly level. Source: Santiment The rally was also backed by healthy growth in active addresses. However, the active addresses are still relatively low compared to the peak of activity at the end of June. LINK is still in a healthy place in terms of utility. Roughly 58% of the LINK in circulation is currently held in smart contracts. Source: Glassnode Most of the LINK's current supply is also held by the top whale addresses although they have been reducing their balances gradually. The supply held by the top 1% addresses dropped from 87.73% to 86.90% in the last 30 days. Furthermore, the top addresses are still holding on to a substantial amount of LINK, while the network growth is recovering. These are healthy signs not just for LINK's short-term but also for its long-term performance.   Credit: Source link The post LINK rallies by 30%, breaks out of a key resistance level to trade with the bulls appeared first on Coin-News24.com. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81351 Powered by Jetpack

chefmatthew987 posted: " The SEC and Ripple case has reached a frustrating impasse as both sides struggle to hold their ground. Only recently, Ripple Legal filed a motion to thwart the SEC in which they targeted the SEC's unlawful methods. The SEC has unlawfully" NYC Crypto Ripple v. SEC lawsuit takes a new turn as 'unidentified' third-party enters chefmatthew987 Jul 30 The SEC and Ripple case has reached a frustrating impasse as both sides struggle to hold their ground. Only recently, Ripple Legal filed a motion to thwart the SEC in which they targeted the SEC's unlawful methods. The SEC has unlawfully used the Howey Test as the token represented a "security per se". This theory has been issued from the onset by the SEC. Ergo, the SEC has itself is to blame because of its 'unprecedented allegations.' End to end Famed attorney James K. Filan reported a new development on the case in his latest tweet. An unidentified entity has entered the frame and has filed a Motion to Seal excerpts from the Daubert Motions. This is an attempt by the party to seal confidential business information to protect the organization and its employees. #XRPCommunity #SECGov v. #Ripple #XRP MoneyGram filed an unopposed Motion to Seal a few lines from a deposition transcript of an officer of MoneyGram containing nonpublic information related to MoneyGram's business strategies and operations. pic.twitter.com/mZsRqCcM6Z — James K. Filan 107k (beware of imposters) (@FilanLaw) July 29, 2022 The party seeks to redact digital wallet information akin to "financial account numbers". This is echoed previously in a redaction proposed by Ripple. The same party filed a sealed letter for Judge Torres identifying the exhibits which subject to its sealing requests. Case onlookers will be quick on the matter to seek out the party for a clear inspection. Crowd chatter was instigated as soon as the tweet was released. What next? In the coming four days, we will get a ruling on the parties' motions to seal the expert challenges. After that, the unsealed portion of the challenges will be "docketed" as per Filan. Then, on 9 August, Ripple will reply to the SEC's objection to Judge Netburn's AC privilege ruling. The SEC is then supposed to submit a reply brief after a week by 16 August. The date for filing statements on undisputed facts and motion for summary judgment stands to be 13 September 2022. The last date to file oppositions for the motions for summary judgment and responses is by 18 October 2022. Who will crack under the pressure this time? It may be sometime before we can see for ourselves. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81349 Powered by Jetpack

chefmatthew987 posted: " The past year has seen an explosion in the popularity of decentralized finance (DeFi) protocols. Now, Uniglo has arrived on the scene and is quickly making a name for itself as one of the top DeFi platforms among Tron (TRX), Uniswap (UNI), and Polkado" NYC Crypto Uniglo (GLO) Takes Its Place Amongst Top DeFi Protocols, Tron (TRX), Uniswap (UNI), And Polkadot (DOT) Need Take Notes chefmatthew987 Jul 30 The past year has seen an explosion in the popularity of decentralized finance (DeFi) protocols. Now, Uniglo has arrived on the scene and is quickly making a name for itself as one of the top DeFi platforms among Tron (TRX), Uniswap (UNI), and Polkadot (DOT). Uniglo (GLO) – Real World Asset-Backed Social Currency Uniglo (GLO) enters the crypto industry as the world's first fully asset-backed hyper-deflationary project. Why does it matter? One of the most attractive features of DeFi is that it allows users to generate yield on their assets by providing liquidity to other users. However, DeFi protocols are still new and experimental. Cryptocurrency hasn't been around long enough to establish itself as a reliable store of value. History has shown us that new technologies and assets take time to mature and become accepted by the mainstream. Furthermore, cryptocurrency is prone to volatility. The price of Bitcoin, for example, has been known to swing wildly. This makes it difficult to use it as a currency, as you never know how much it will be worth from one day to the next. Backing cryptocurrency up with tangible assets helps mitigate these risks. It provides stability and a foundation that can help make cryptocurrency a more viable investment in the long run. Uniglo appears to be among the first projects to comprehend the significance of asset-backing. Uniglo establishes a vault that includes cryptocurrencies, rare NFTs, digital gold, and other real-world assets to protect the value of its native coin. With the additional assistance from its ultra-burn processes, Uniglo fully commits to the community by giving a trustworthy, stable, hyper-deflationary social currency designed to gain price over time. Yet in a presale mode, Uniglo is scheduled to take off in October. Tron (TRX) Tron is a cryptocurrency based on smart contracts that aim to "decentralize the web." The Tron Foundation's 2018 acquisition of the file-sharing platform BitTorrent demonstrates its concentration on the entertainment sector. The primary objective of this platform is to facilitate direct communication between content providers and their audience without the need for a third-party intermediary. Examples of centralized platforms are streaming services, music websites, and app stores. This arrangement benefits consumers because it reduces the cost of content and makes it approachable and affordable. Uniswap (UNI) Uniswap is committed to maintaining token trading automated and accessible to anybody holding tokens while enhancing the efficiency of trading relative to established exchanges. UNI has always been a solid product, and its popularity is certain to increase as more people grasp the advantages of genuine Defi. Polkadot (DOT) Polkadot, the next-generation blockchain-based technology, is renowned for its ability to connect networks of customized blockchains and enable them to operate together at scale. Polkadot (DOT) offers various use cases since it permits all types of data to be processed between these blockchain systems. Furthermore, it allows access to decentralized bitcoin marketplaces through its features. Overall, Polkadot is an important DeFi member whose success is yet to grow. Bottom Line Even though TRX, UNI, and DOT are long-term and significant DeFi industry participants, it is predicted that Uniglo's novel concepts and methods will surpass them and numerous other altcoins. Uniglo is still in its infancy but has already become a dominant participant in the DeFi market.  Due to its formidable team, powerful technology, and ever-growing community, Uniglo is well-equipped to compete with UniSwap, Polkadot, and Tron. For More About Uniglo: Join Presale: https://presale.uniglo.io/register Website: https://uniglo.io Telegram: https://t.me/GloFoundation Discord: https://discord.gg/a38KRnjQvW Twitter: https://twitter.com/GloFoundation1 Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81347 Powered by Jetpack

chefmatthew987 posted: " The crypto market has been in flux for the last couple of weeks, with upticks and downticks making a presence every now and then. However, the last six days have been very fruitful for the market as not only did the total market capitalization rise to" NYC Crypto Yearn.finance enjoys 80% rally in the last week, but there is more to YFI than this chefmatthew987 Jul 30 The crypto market has been in flux for the last couple of weeks, with upticks and downticks making a presence every now and then. However, the last six days have been very fruitful for the market as not only did the total market capitalization rise to $1.074 trillion, but altcoins like to yearn.finance [YFI]  also benefitted from the same. Yearn.finance holders' happy hours The altcoin had been suffering to break past the bearishness that it began experiencing in May, but the gradual incline was not significant enough to pull YFI out of the bears' dominance. However, that changed this week after YFI leveraged the broader market cues and recovered not only the losses it witnessed in June but also a chunk of its drawdown from May. The 78.49% rally that YFI witnessed in the last few days placed the altcoin above the $10,000 mark to trade at $11,003, the highest price level it has noted since May this year. Yearn.finance price action | Source: TradingView – AMBCrypto This came as a surprise to retail investors as well as whales, and the latter did not waste a second in making their hype evident. Fluctuating every now and then, the total whale transaction volume on average remained at a low of $4 million to $6 million. In this week, however, the same shot up by more than 392% to reach $24 million as of 30 July. Yearn.finance whale transactions | Source: Intotheblock – AMBCrypto Proceed with caution Although analysis from Santiment does state that the whales made a move with the intention of booking profits, the truth of the situation is that despite millions worth of YFI moving around, neither the whales nor the retail investors have sold YFI in the last few weeks as the supply on crypto exchanges is currently observing an accumulation, that began a month ago. Yearn.finance supply on exchanges | Source: Santiment – AMBCrypto But $12k or $13k might be the ceiling for the altcoin as not only is YFI vulnerable to high volatility and price swings, but also that YFI is now showing signs of a trend reversal as the cryptocurrency is currently overbought in the market. The Relative Strength Index (RSI) is indicating the same, and this might be a matter of concern for YFI holders that entered out of FOMO as they could lose their profits pretty soon. Credit: Source link The post Yearn.finance enjoys 80% rally in the last week, but there is more to YFI than this appeared first on Coin-News24.com. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81345 Powered by Jetpack

chefmatthew987 posted: " Ripple Labs released its Q2 2022 report highlighting various development aspects, while also highlighting market dynamics affecting its performance. A key highlight of the report was the confirmation of the company's pursuits aimed at ta" NYC Crypto Ripple reveals SEC lawsuit update and aggressive push into NFT market through its Q2 report chefmatthew987 Jul 30 Ripple Labs released its Q2 2022 report highlighting various development aspects, while also highlighting market dynamics affecting its performance. A key highlight of the report was the confirmation of the company's pursuits aimed at tapping into opportunities in the NFT market. It also reiterated its commitment towards fast-tracking the SEC lawsuit. The Ripple-SEC lawsuit has dragged on for years and is believed to have slowed down Ripple's development, as well as XRP's price action. The company revealed that it is pushing aggressively for the SEC lawsuit to be resolved. It also noted that the lack of regulatory clarity has been a major hurdle that is not only affecting Ripple but one that is a challenge for the entire crypto market. The SEC lawsuit has not stopped Ripple from pursuing growth opportunities. Ripple confirmed that it is interested in exploring growth opportunities in the NFT market and has plans to integrate NFT support into the XRP Ledger. It also revealed partnerships with major brands such as Lotus Automotive and the Balmain fashion brand to roll out their NFTs on XRPL. Ripple's expanded scope One of the most interesting aspects of the report is the reveal that Ripple has teamed up with FLUF World to develop a new blockchain called Root Network. This network will also be integrated with the XRPL and will use XRP for gas fees. This kind of utility and growth will boost XRP's demand and price action. XRP has been stuck in a ranging performance since mid-June. It traded at $0.363 as of 29 July, which is a slight improvement from its current 2022 lows. Source: TradingView Despite its relatively limited price range, XRP's on-chain metrics highlight healthy activity, especially between 28 July and 29 July. For example, its Bitmex and Binance funding rates improved significantly, implying that investor sentiment is improving. Source: Santiment The above outcome suggests that the report had a positive impact on stakeholders. This is also reflected in whale transaction counts. For example, the whale transaction count metric registered 12 transactions worth more than $1 million in the last 24 hours at press time. This is the highest number that this metric recorded this week. Source: Santiment XRP also maintained a healthy number of transactions worth between $100,000 and $1 million. However, this category did not provide any noteworthy spike compared to the previous week. Where does XRP stand then?  XRP's price action experienced a slight retracement as of 29 July. This suggests that the report was not accretive of the cryptocurrency's price. This is likely because most stakeholders are still concerned about the SEC's lawsuit. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81343 Powered by Jetpack

chefmatthew987 posted: " This week in coins. Illustration by Mitchell Preffer for Decrypt Last week's market-wide positive price action was sustained this week as leading cryptocurrencies continued making significant gains. Bitcoin, as of this writing, had added 8.5% to its ma" NYC Crypto This Week in Coins: Bitcoin and Ethereum See Continued Growth as Merge Looms chefmatthew987 Jul 30 This week in coins. Illustration by Mitchell Preffer for Decrypt Last week's market-wide positive price action was sustained this week as leading cryptocurrencies continued making significant gains. Bitcoin, as of this writing, had added 8.5% to its market value to sell for $24,214, and Ethereum fans enjoyed an even greater rally, with their favorite coin blowing up 12.5% to $1,714. Much of the buzz around Ethereum is down to the fact the network is laying the groundwork for a major overhaul—aka the merge—when Ethereum will cut its energy consumption by 99.95% transitioning from a proof-of-work blockchain to a proof-of-stake model. A final testnet deployment called Goerli is expected to take place in early August before the network is ready to fully transition.  While Ethereum prepares for the big changes, Ethereum Classic is also blowing up. ETC is based on Ethereum's original ledger, which includes an infamous $55 million DAO hack that was wiped from Ethereum by vote. The coin surged 52% this week to $40. Ethereum Classic's rally comes after crypto mining pool Antpool announced a $10 million investment to back projects built on Ethereum Classic, which will remain a proof-of-work blockchain after the Merge. Other notable performances this week among the top 20 cryptocurrencies by market capitalization include Cardano (up 11% to $.53), Polkadot (up 20% to $8.64), Polygon (up 14% to $.94), and Uniswap (up 30% to $8.73). In the news On Monday, electric vehicle manufacturer Tesla reported holding $222 million in digital assets at the end of June in the company's Q2 filing with the U.S. Securities and Exchange Commission. Back in February 2021, the company invested $1.5 billion in Bitcoin. Last week, news broke that the company had sold 75% of its BTC, worth approximately $936 million. CEO Elon Musk said the sale was prompted by uncertainty over when China would lift COVID restrictions. Tesla currently has one factory in Shanghai. The U.S. Commodity Futures Trading Commission is beefing up its technology team in preparation for a potential role as a leading overseer of crypto. Nothing is set in stone, but a bipartisan House bill, called the Responsible Financial Innovation Act, which is cosponsored by Senator Kirsten Gillibrand (D-NY) and Senator Cynthia Lummis (R-WY), would give the CFTC the reins on "fungible digital assets which are not securities" if passed. On Tuesday, a bipartisan bill introduced by Senators Patrick Toomey (R-PA) and Kyrsten Sinema (D-AZ),  called the Cryptocurrency Tax Fairness Act, would exempt tax reporting for crypto transactions of less than $50, or trades in which a person earns less than $50. Over in Europe on Wednesday, the chair of the European Banking Authority, José Manuel Campa, said in an interview with the Financial Times that it won't be until at least 2025 when the regulator will know exactly which cryptocurrencies it will be charged with supervising. One of the main difficulties the EBA is facing, said Campa, is a lack of crypto experts due to "high demand across society." He ruled out the possibility of baiting them with lucrative salaries, saying it was "not within the range of possible discussions" between the EBA and the European Commission. That same day, the U.S. Federal Reserve announced another interest rate hike of 75 basis points aimed at stemming rampant inflation. Last month, in response to inflation readings from May, the Federal Reserve raised interest rates by 0.75%, the steepest hike since 1994. Crypto prices crashed heavily that week as investors dumped riskier assets, although this new hike seems to have had an adverse effect on Bitcoin: An hour after the announcement, Bitcoin had grown 3% while Ethereum had sunk 5%. Finally, it appears the industry is still not completely clear of crypto winter. On Wednesday, Singaporean exchange Zipmex filed for bankruptcy protection against legal action from creditors. The news came just a week after the exchange announced it was pausing withdrawals. Stay on top of crypto news, get daily updates in your inbox. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81341 Powered by Jetpack

chefmatthew987 posted: " Bitcoin (BTC) is enjoying what some are calling a "bear market rally" and has gained 20% in July, but price action is still confusing analysts.As the July monthly close approaches, the Puell Multiple has left its bottom zone, leading to hopes that the " NYC Crypto Historically accurate Bitcoin metric exits buy zone in 'unprecedented' 2022 bear market chefmatthew987 Jul 30 Bitcoin (BTC) is enjoying what some are calling a "bear market rally" and has gained 20% in July, but price action is still confusing analysts. As the July monthly close approaches, the Puell Multiple has left its bottom zone, leading to hopes that the worst of the losses may be in the past. Puell Multiple attempts to cement breakout The Puell Multiple one of the best-known on-chain Bitcoin metrics. It measures the value of mined bitcoins on a given day compared to the value of those mined in the past 365 days. The resulting multiple is used to determine whether a day's mined coins is particularly high or low relative to the year's average. From that, miner profitability can be inferred, along with more general conclusions about how overbought or oversold the market is. After hitting levels which traditionally accompany macro price bottoms, the Puell Multiple is now aiming higher — something traditionally seen at the start of macro price uptrends. "Based on historical data, the breakout from this zone was accompanied by gaining bullish momentum in the price chart," Grizzly, a contributor at on-chain analytics platform CryptoQuant, wrote in one of the firm's "Quicktake" market updates on July 25. Puell Multiple chart (screenshot). Source: LookIntoBitcoin The Multiple is not the only signal flashing green in current conditions. As Cointelegraph reported, accumulation trends among hodlers are also suggesting that the macro bottom is already in. "Unprecedented macroeconomic conditions" After its surprise relief bounce in the second half of this month, Bitcoin is now near its highest levels in six weeks and far from a new macro low. Related: Bitcoin futures data shows 'improving' mood' despite -31% GBTC premium As sentiment exits the "fear" zone, market watchers are pointing to unique phenomena which continue to make the 2022 bear market extremely difficult to predict with any certainty. In another of its recent "Quicktake" research pieces, CryptoQuant noted that even price trendlines are not acting as normal this time around.  In particular, BTC/USD has crisscrossed its realized price level several times in recent weeks, something which did not occur in prior bear markets. Realized price is the average at which the BTC supply last moved, and currently sits just below $22,000.  "The Realized Price has signaled the market bottoms in previous cycles," CryptoQuant explained. "More importantly, the bitcoin price did not cross the Realized Price threshold during the last two periods (134 days in 2018 and 7 days in 2020). Yet, since June 13, it crossed back and forth this level three times, which shows the uniqueness of this cycle due to unprecedented macroeconomic conditions." Bitcoin realized price chart. Source: Glassnode Those conditions, as Cointelegraph reported, have come in the form of forty-year highs in inflation in the United States, rampant rate hikes by the Federal Reserve and most recently signals that the U.S. economy has entered a recession. In addition to realized price, meanwhile, Bitcoin has formed an unusual relationship to its 200-week moving average (MA) this bear market. While normally retaining it as support with brief dips below, BTC/USD managed to flip the 200-week MA to resistance for the first time in 2022. It currently sits at around $22,800, data from Cointelegraph Markets Pro and TradingView shows. BTC/USD 1-week candle chart (Bitstamp) with 200-week MA. Source: TradingView The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81339 Powered by Jetpack

chefmatthew987 posted: " INTERNET CITY, DUBAI, Jul. 29, 2022 – LBank Exchange, a global digital asset trading platform, will list Suacoin (SUA) on August 1, 2022. For all users of LBank Exchange, the SUA/USDT trading pair will be officially availab" NYC Crypto LBank Exchange Will List Suacoin (SUA) on August 1, 2022 | Bitcoinist.com chefmatthew987 Jul 30 INTERNET CITY, DUBAI, Jul. 29, 2022 – LBank Exchange, a global digital asset trading platform, will list Suacoin (SUA) on August 1, 2022. For all users of LBank Exchange, the SUA/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on August 1, 2022. As a fork of earlier version bitcoin, Suacoin (SUA) brings an ecological friendly proof-of-work cryptocurrency to the world, allowing users to mine with lower energy consumption and difficulty. Its native coin SUA will be listed on LBank Exchange at 16:00 (UTC+8) on August 1, 2022, to further expand its global reach and help it achieve its vision. Introducing Suacoin Suacoin is a free open source peer-to-peer electronic cash system that is completely decentralized, without the need for a central server or trusted parties. Users hold the crypto keys to their own money and transact directly with each other, with the help of a P2P network to check for double-spending. There're many amazing features built in Suacoin ecosystem. Its application is user-friendly, allowing users to use Suacoin App intuitively without reading any documentation, and the App is password protected with hardest crypto technology. The Suacoin blockchain is super-fast, and it initially rewards 50 SUA per mined block to its miners. In addition, the Suacoin provides 24/7 support, so that users can find answers to their questions anytime they want. As a fork of earlier version bitcoin, Suacoin provides an automatic difficulty reset when no block is mined for a period of over 24h. The current holders of SHA-256 compatible mining equipment such as ASIC or GPUs can mine SUA with lower energy consumption and difficulty. After block 500,000 or another point in time, the code and wallets will be updated to use the BLAKE3 crypto instead of SHA-256 for the planet's fragile ecology. About SUA Coin Forked from earlier version bitcoin, Suacoin has a total supply of 21 million (i.e. 21,000,000) coins. The initial reward for successful mining is 50 SUA and it halves every 210,000 blocks. Those mined SUAs will be made available to the miner's unconfirmed balance. Only when there are at least another 128 blocks from that original block, will those 50 SUAs become available balance to spend. The Suacoin will be listed on LBank Exchange at 16:00 (UTC+8) on August 1, 2022, investors who are interested in Suacoin investment can easily buy and sell SUA on LBank Exchange by then. The listing of SUA on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market. Learn More about SUA Coin: Official Website: https://www.suacoin.com Explorer: https://blockexplorer.suacoin.com Telegram: https://t.me/suacoin_official Twitter: https://twitter.com/suacoinofficial Instagram: https://www.instagram.com/suacoin/ Facebook: https://www.facebook.com/suacoinofficial   About LBank Exchange LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 7 million users from now more than 210 regions around the world. Start Trading Now: lbank.info Community & Social Media: l   Telegram l   Twitter l   Facebook l   LinkedIn l   Instagram l   YouTube Contact Details: LBK Blockchain Co. Limited LBank Exchange [email protected] [email protected]   Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81337 Powered by Jetpack

chefmatthew987 posted: " WEST YELLOWSTONE, Montana – The reopening of Yellowstone National Park last month after a 9-day closure due to record flooding was a welcome relief for business owners in the area. Many of them bank on the influx of people during the summer tourist se" NYC Crypto West Yellowstone, Island Park feeling ripple effects weeks after record flooding – East Idaho News chefmatthew987 Jul 30 WEST YELLOWSTONE, Montana – The reopening of Yellowstone National Park last month after a 9-day closure due to record flooding was a welcome relief for business owners in the area. Many of them bank on the influx of people during the summer tourist season for their livelihood and a long-term closure would have significantly hurt the region's economy. Media coverage of the flood and the damage it left behind dominated headlines and network news channels, but significantly less attention was given to the parks' reopening. More than 90% of the park is back open, as of Friday, and the alternating license plate system for visitors was suspended on July 2, according to the National Park Service. The north and northeast entrances of the park near Cooke City and Gardiner, Montana remain closed, but Tower Junction to Slough Creek on the north side will be accessible with a day-use ticket beginning Monday. RELATED | Here's the latest on what's open and closed in Yellowstone Park Still, park officials are reporting significant reductions in traffic this year, which raises concerns as the park commemorates its 150th anniversary. This is a stark contrast from 2021 and 2020, which were banner years for the park due to a record number of visitors. "People that have been into the park say it's not crowded," Roger Merrill, who owns the Playmill Theatre in West Yellowstone, tells EastIdahoNews.com. "Traffic was backed up on Main Street and U.S. Highway 20 every day last summer with people waiting to get in. We haven't had that at all this summer." Though West Yellowstone and Island Park were not directly impacted by the flood, both communities have felt the ripple effects and many businesses are experiencing a decrease in the number of customers as a result. RELATED | Business in West Yellowstone not yet back to normal as park reopens After a really strong start to the season in May, Merrill noticed a "substantial dip" in theatre attendance at the end of June and early July. Numbers are starting to pick back up, but it's still not on par with the typical trend in previous years. Though people are still purchasing tickets at the Playmill, owner Roger Merrill says seats aren't selling out as quickly as in previous years. | Rett Nelson, EastIdahoNews.com The Playmill's seating capacity is around 250 and Merrill says tickets this year are being purchased up until the start of the show. "We've noticed that people aren't planning as far ahead as usual. Most years, we'll sell out up to two or three weeks in advance. That's not happening as early as it (usually) does. People are doing more spur-of-the-moment trips," Merrill says. RELATED | Playmill Theatre opening new building in Island Park Despite the dip in numbers, Merrill says he's faring a lot better than many other businesses in the area. The Marriott SpringHill Suites Hotel in Island Park has lost about $300,000 this summer due to mass cancelations following the Yellowstone Park closure, according to its general manager Robin Beard. "In June, we immediately dropped to 50 to 60% occupancy when we're generally sold out," Beard says. "We instantly had to drop our rates, and that cost us money." Many people at that time checked into the Marriott to wait out the closure and quickly discovered there was lots to do in Island Park, too. "We had a lot of people extend their stay at that point because they didn't realize how much they could do here, and so it's worked itself out," she says. A customer checks into the Marriott SpringHill Suites in Island Park. | Rett Nelson, EastIdahoNews.com Beard says the rate decrease has led to a partial recovery. The hotel is nearly at full capacity seven weeks after the flood as a result of the lower prices, but it's still a financial setback. RELATED | Biz Buzz: New Marriott hotel opens in Island Park Sawtelle Mountain Resort less than a mile down the road from the Marriott is experiencing a similar trend. General Manager Richard Turpin has seen a year over year increase in revenue since he joined the company in 2018. But this summer, the occupancy rate is around 50-60% at a time when they're typically bursting at the seams with guests. Yellowstone flooding is not totally to blame for the downturn in business. Turpin believes several other factors, like inflation and rising gas prices, along with a shift in attitude for post-pandemic travelers, are also playing a role. "People have specifically called to say they can't afford to travel this year," Turpin says. "We had banner years during COVID because people couldn't travel to other places. They were traveling domestically and were hitting all the national parks. We can't really compare (this year) to the last two years (because of that), but if we compare it to pre-pandemic levels, we're way down." Like Beard, Turpin has been forced to drop his rates to create an incentive for people to come. He's seeing a slight increase in the number of reservations for August and September, but overall, he's not expecting 2022 to be anywhere near the amount of business they had in 2019. Both Beard and Merrill concur, saying the lack of international tourists has been noticeable. "We're used to seeing a lot of Chinese, Japanese and European groups come through and that hasn't recovered yet. As soon as it does, it's going to be a very busy park again," says Beard. Customers enjoying a bite to eat at Trouthunter Bar & Grill in Island Park Wednesday afternoon. | Rett Nelson, EastIdahoNews.com Farther south, at Trouthunter Bar & Grill on the bank of the Henrys Fork, business seems relatively unaffected. Jon Stiehl, a managing partner at the restaurant, says the week of the flood was one of their busiest ever and the month of June was strong as well. He cites fishing as the main reason for that. "In June, Henrys Fork is the place to be. A lot of other rivers aren't open to fishing yet, so we get (people from all over the world come here to fish). As July and August come around, there are a lot more options and so anglers spread out," Stiehl says. While Beard is not anticipating a major turnaround in the amount of patronage this year, she doesn't believe any long-term damage will be felt. "I think we'll recover next year fully, but I think we're going to feel the sting for the rest of the summer," Beard says. RELATED | Yellowstone National Park partially reopens after closure As Yellowstone recovery efforts get underway, park officials have a lot of cleaning up to do. Federal managers told the Associated Press in June cleanup efforts could take years and cost upwards of $1 billion to rebuild. Merrill is grateful Yellowstone Park reopened as quickly as it did. His heart goes out to the communities on the north end of the park that experienced substantial damage, including many who lost their homes. A house in Gardiner, Montana falls into the river during record flooding in Yellowstone National Park. | National Park Service Most people on the south end made it through unscathed, for which he's grateful. Despite the decrease in numbers for business owners, there is a bright spot for consumers. Merrill says the reduction in visitors makes it an ideal time to visit Playmill, Yellowstone and the surrounding area. "People report going into Old Faithful, Mammoth Hot Springs or the canyon areas that it's just not crowded … so it's a great time to take a day trip at the peak of the season," Merrill says. "Frankly, I don't think we've had as strong of a (cast at the Playmill) as we have this year. The shows are terrific and the feedback has been positive." Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81335 Powered by Jetpack

chefmatthew987 posted: " Uniswap (UNI) looks ready to post its best monthly performance in more than a year as it rallied approximately 80% in July, but signs of an extended pullback in the near term are emerging. Uniswap price nearly doubles in JulyUNI's price is having one o" NYC Crypto Uniswap's 80% gains in July are in danger with UNI price painting a classic bearish pattern chefmatthew987 Jul 30 Uniswap (UNI) looks ready to post its best monthly performance in more than a year as it rallied approximately 80% in July, but signs of an extended pullback in the near term are emerging.  Uniswap price nearly doubles in July UNI's price is having one of its best months ever, reaching nearly $9 on July 30 versus nearly $5 at the beginning of the month, best returns since January 2021's 250% price rally.  UNI/USD monthly price chart. Source: TradingView Merge FOMO an UNI "fee switch" proposal Uniswap's gains primarily surfaced due to similar upside moves in a broader crypto market. But they turned out to be relatively massive due to an ongoing euphoria surrounding "the Merge." Notably, the Ethereum blockchain's potential transition from proof-of-work to proof-of-stake in September has triggered a buying hysteria among related toke. $ETH move bringing the entire ecoystem with it. Best movers: •Defi: $LDO $UNI $BIT $AAVE •Layer 2: $OP $MATIC And of course because it's crypto $ETC is the biggest pump. pic.twitter.com/hN9Rd6Yr9j — Luke Martin (@VentureCoinist) July 27, 2022 Additionally, UNI may also have been drawing its gains from a so-called "fee switch" proposal. Specifically, community governance system that oversees Uniswap has been discussing whether or not they should grant UNI holders the right to earn 0.5% commission from Uniswap's 3% trading fees while rewarding the rest for liquidity providers. if $uni turns on the fee switch its an easy top 10 coin in crypto — moon (macro expert) (@MoonOverlord) July 29, 2022 UNI "rising wedge" still in play From a technical's perspective, UNI is now heading lower after testing $20 as its interim resistance. It now eyes an extended pullback toward the upper trendline of its prevailing "rising wedge" pattern—around $8. However, its price would risk falling even further if it lands back inside the pattern's trading range, defined by two ascending, converging trendlines. UNI/USD daily price chart featuring 'rising wedge' breakdown. Source: TradingView That is primarily because rising wedges are bearish reversal patterns. They resolve after the price breaks below their lower trendlines. Meanwhile, their profit target are typically at length equal to the maximum distance between their upper and lower trendlineswhen measured from the breakdown point. Related: DeFi's downturn deepens, but protocols with revenue and fee sharing could thrive In other wordsUNI's price could fall toward $4.50 by September, down 50% from today's price if the pattern plays out. Conversely, a bounce back at or ahead of testing the rising wedge's upper trendline could have UNI retest $10 as its interim resistance. In doing so, it could eye an extended upside move toward the $11.50-$17 range. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81333 Powered by Jetpack

chefmatthew987 posted: " Binance exchange cryptocurrency [BNB] reached a new all-time high (ATH)  on 29 July. No, it hasn't surpassed its 2021 levels against the Tether [USDT], but as of 29 July, BNB crossed to an ATH against Bitcoin [BTC].  The most surprising thing about th" NYC Crypto BNB hits new ATH against BTC— who is working behind the scenes? – Coin-News24.com chefmatthew987 Jul 30 Binance exchange cryptocurrency [BNB] reached a new all-time high (ATH)  on 29 July. No, it hasn't surpassed its 2021 levels against the Tether [USDT], but as of 29 July, BNB crossed to an ATH against Bitcoin [BTC].  The most surprising thing about this milestone might be how it has happened in the current market. Before the latest achievement, the highest BNB had reached against BTC was $0.0122. However, the BNB/BTC pair hit $0.0124 to set a new high record. BNB/BTC chart Source: TradingView Still far off Despite the BNB/BTC uptick, the BNB/USDT pair failed to make a significant increase to complement the pinnacle attained. Although it remained in the green, BNB was still off its USDT pairing ATH by 56.92% as per CryptoQuant.  At press time, BNB was trading at $291.12, gaining 3.73% in the last 24 hours. However, the recent BNB price performance has not been bad. Over the past few days, it had surged in price and reached a new monthly high of $298.06 (29 July), according to CoinMarketCap.  Additionally, its weekly increase was 8.81% at the time of this writing, indicating that investors must have made some profits. However, BNB still seems far from flipping Bitcoin, Ethereum [EHT], and USDT in market cap even with the ATH. So, how else has BNB been able to pull off reaching this peak. The CZ "building" effect maybe Binance CEO Changpeng Zhao (CZ), known for his stance on building in a bear or bull market, reacted to the landmark attained. Responding to tweets about how he felt, CZ noted that he hardly had the time to monitor the charts. In addition, he reiterated that he mostly talks about Bitcoin and hardly BNB. One of his other responses suggested that Binance might have done some underground work to achieve the feat. Still, CZ maintained that he was focused on building. No TV, no chart, no alert. We just build. I only check price when someone messages me, once every few days or so. — CZ Binance (@cz_binance) July 29, 2022 Asking the questions Data from Santiment indicated that the BNB chain had stayed solid over the last few days. Besides its price reaching a new 30-day level, its volume has been increasing too. Between 28 July and press time, BNB's volume had risen from 1.46 billion to 2.78 billion. Source: Santiment Finally, investors would want to watch the BNB price movement if there were a significant decline or further uptick. Whichever way it goes, CZ and Binance at large seem focused on building rather than chasing a price increase.   Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81331 Powered by Jetpack

chefmatthew987 posted: " Filecoin was one of Saturday's biggest gainers, as prices rose by as much 24% to start the weekend. The move saw the token reach its highest point since early June, and comes despite cryptos being mostly in the red in today's session. DOT was al" NYC Crypto Biggest Movers: FIL up 25%, as DOT Surges to 6-Week High on Saturday – Market Updates Bitcoin News chefmatthew987 Jul 30 Filecoin was one of Saturday's biggest gainers, as prices rose by as much 24% to start the weekend. The move saw the token reach its highest point since early June, and comes despite cryptos being mostly in the red in today's session. DOT was also higher, as it too hit a multi-week high. Filecoin (FIL) Filecoin (FIL) was one of the big movers in crypto markets on Saturday, as prices of the token surged by over 24%. On Saturday, FIL/USD rose to an intraday high of $7.49, which comes less than a day after being at a bottom of $5.81. As a result of this, FIL reached its highest level since June 7, which came as prices raced past a key resistance point. FIL/USD – Daily Chart Looking at the chart, FIL broke past this ceiling of $6.25 earlier in today's session, which then led to a rise of bullish pressure. After breaking this ceiling, prices have now collided with yet another resistance, this time at $7.60. Bulls seem to be targeting the $8 point, however with prices now overbought, this run to $8 may be a little more challenging to achieve during the course of this weekend. Polkadot (DOT) In addition to FIL, polkadot (DOT) was also in the green during today's session, with prices climbing by nearly 10%. Saturday saw the token climb to a peak of $8.78, as prices rallied beyond a recent ceiling of $8.45. Like with FIL, this point is the highest level DOT has traded at since early June, and comes less than 24 hours after prices were at a low of $7.83. DOT/USD – Daily Chart The 14-day relative strength index (RSI) is now also at a three-month peak of 64.54, and this could disrupt bullish momentum, as prices are now overbought. Should momentum continue to rise however, it is likely that the $9 level is what bulls will target as a potential exit point. Register your email here to get weekly price analysis updates sent to your inbox: Do you expect polkadot to climb above $9 this weekend? Let us know your thoughts in the comments. Eliman Dambell Eliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX. Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. More Popular News In Case You Missed It Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81329 Powered by Jetpack

chefmatthew987 posted: " Bitcoin (BTC) dropped volatility on the last weekend of July as the monthly close drew near.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView200-week moving average in focus for July closeData from Cointelegraph Markets Pro and TradingView sh" NYC Crypto Bitcoin price eyes $24K July close as sentiment exits 'fear' zone chefmatthew987 Jul 30 Bitcoin (BTC) dropped volatility on the last weekend of July as the monthly close drew near. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView 200-week moving average in focus for July close Data from Cointelegraph Markets Pro and TradingView showed BTC/USD retaining $24,000 as resistance into July 30. The pair had benefitted from macro tailwinds across risk assets in the second half of the week, these including a flush finish for United States equities. The S&P 500 and Nasdaq Composite Index gained 4.1% and 4.6% over the week, respectively. With off-speak trading apt to spark volatile conditions into weekly and monthly closes thanks to thinner liquidity, however, analysts warned that anything could happen between now and July 31. "Just gonna sit back and watch the market up until the weekly close like always," Josh Rager summarized. "Hard to get into any trades seriously though they may be a few outliers in current market condition that continue to perform well over the weekend." Others focused on the significance of current spot price levels, which lay above the key 200-week moving average (MA) at $22,800. Finishing the week above that trendline would be a first for Bitcoin since June. #BTC is very close to performing a Weekly Close above the 200-week MA Technically, it looks like BTC is doing well to reclaim the 200-week MA as support$BTC #Crypto #Bitcoin pic.twitter.com/ue00XDT9O0 — Rekt Capital (@rektcapital) July 29, 2022 Adopting a conservative short-term view, however, popular trader Roman called for a return to at least $23,000 thanks to "overbought" conditions. $BTC H4 So far seeing deviation for the potential double top call from yesterday. PA - vol down / price up is bearish. MACD rolling over. RSI overbought. I expect a pullback to 23k at minimum. DT confirms on a close below 20.7k.#bitcoin #cryptocurrency #cryptotrading pic.twitter.com/aOahZDdYyC — Roman (@Roman_Trading) July 29, 2022 Optimism continued to increase across crypto markets through the week, the Crypto Fear & Greed Index hitting its highest levels since April 6 after exiting its longest-ever period of "extreme fear." At 45/100, the Index was officially in "neutral" territory on the day. Crypto Fear & Greed Index (screenshot). Source: Alternative.me Bullish continuation slated for Au Looking to next month, meanwhile, Cointelegraph contributor Michaël van de Poppe said that stocks performance would continue to provide fertile conditions for a crypto rebound. Related: Bitcoin bear market over, metric hints as BTC exchange balances hit 4-year low "Sounds like we're going to get that continuation in August, including with crypto and Bitcoin," part of a Twitter update on July 29 stated. "Summer relief rally it is!" August was set to be a quiet month for U.S. macro triggers, with the Federal Reserve not due to alter policy in a scheduled manner until September. The risk of advancing inflation nonetheless remained, with the next Consumer Price Index (CPI) print due August 10. This week, the European Union reported its highest-ever monthly inflation estimate for the Eurozone at 8.9%. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81327 Powered by Jetpack

chefmatthew987 posted: " Today's Polkadot price analysis reveals the price movement is in the bullish direction. However, the price underwent a decline during the last four hours, despite breaking upwards today. The bulls have been at lead for the past few days, which is why " NYC Crypto Polkadot price analysis: DOT gains 3.53 percent as price reaches $8 chefmatthew987 Jul 30 Today's Polkadot price analysis reveals the price movement is in the bullish direction. However, the price underwent a decline during the last four hours, despite breaking upwards today. The bulls have been at lead for the past few days, which is why a constant uptrend has been observed since 26 July 2022. Still, the chances are available for the buyers as overall the price has increased today. According to the four hours price analysis, the price is still going down, which is not promising news. However, the cryptocurrency's price is expected to close in greens. DOT/USD 1-day price chart: Bears pull back price levels to $8 by opposing further gains The 1-day Polkadot price analysis is predicting a rise in price as the bulls are trying to make a recovery for the fourth day consecutively. The price has moved up to the $8 level today, which is encouraging for the buyers as the coin has gained 3.53 percent value during the last 24 hours. The moving average (MA) value is standing on the $7.41 mark, below the current price but above the SMA 50 curve, as the dominating trend during the past few days has been bullish. DOT/USD 1-day price chart. Source: TradingView The volatility has increased, by which we can presume that the price variations will be high. The Bollinger bands values have shifted as well as now the upper value is positioned at $8.18, representing the strongest resistance, and the lower value at $6.16, representing the support for DOT/USD. Lastly, the Relative Strength Index (RSI) score has moved up to index 59 as well, which is still a neutral number, but the upwards curve of the indicator is hinting at the buying activity in the market. Polkadot price analysis: Recent developments and further technical indications The bears have taken advantage of the situation as the price decreased once again in the last couple of hours. The 4-hour Polkadot price analysis shows signs of bearish activity resuming back as the price dropped down to $8,08 from the $8.26 level. The moving average value, on the other side, is trading at $7.97 below the current price. DOT/USD 4-hours price chart. Source: TradingView The volatility has significantly increased since yesterday, which is why the Bollinger bands are expanded, and a positive sign is the upwards movement of the indicator, as it can be expected that the price movement will remain in the upwards direction. The Bollinger bands average is now forming at $7.44. The upper Bollinger band value, on the other hand, is now $8.61, while the lower value is $6.28. The RSI curve is traveling downwards in the neutral range after touching the border of the overbought region. The current selling activity has decreased the score to index 63 at the time of writing. Polkadot price analysis conclusion The given 1-day as well as the 4-hours Polkadot price analysis predict that trend is bullish today overall, but on the other hand, the price has decreased in the last four hours, which means that there is a strict chance of the bears returning back to lead in the future. The price is now at $8, which is a comparatively stable position if we compare it to its last week's levels. Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81325 Powered by Jetpack

chefmatthew987 posted: " On July 29, the pop-culture consumer products firm, Funko, announced that the company has partnered with the multinational mass media and entertainment corporation Paramount Global. The two corporations plan to introduce a series of non-fungible" NYC Crypto Funko Partners With Entertainment Giant Paramount to Drop Avatar Legends NFTs – Blockchain Bitcoin News chefmatthew987 Jul 30 On July 29, the pop-culture consumer products firm, Funko, announced that the company has partnered with the multinational mass media and entertainment corporation Paramount Global. The two corporations plan to introduce a series of non-fungible tokens (NFTs) based on the Avatar Legends universe. The latest Avatar Legends Digital Pop release from Funko will drop on August 9, 2022, via the NFT platform Droppp. Avatar Legends NFTs — Publicly-Listed Consumer Products Firm Funko Collaborates With Paramount Funko (Nasdaq: FNKO) has announced the company has partnered with the entertainment corporation Paramount (Nasdaq: PARA) and has plans to drop a new collection of NFTs based on the Avatar Legends universe. The franchise Avatar Legends stems from the popular Nickelodeon-based Avatar animated television series — "The Last Airbender" and "The Legend of Korra." The Funko Avatar Legends packs and individual NFTs. The upcoming Funko and Paramount Digital Pop NFTs will feature popular characters like Kuruk, Painted Lady, and Fire Nation Aang. "Avatar Legends x Funko Series 1 Digital Pop! coming soon to Droppp," Funko tweeted on Friday. The NFTs will feature Funko's unique bobble-head, pop art style and the Avatar Legends' standard pack of NFTs will be $9.99 per pack. Premium packs will be $29.99 per unit and Funko says there will be a total of 625,000 NFTs in the Avatar Legends Digital Pop series. "Each pack of Digital Pop! gives you a chance to reveal one of the rare Funko Digital Pop! when opened, which can then be redeemed for a free, limited edition, physical vinyl collectible," Funko's Avatar Legends announcement details. The Avatar Legends NFTs follow Funko's recent launch of Jay and Silent Bob Digital Pop NFTs. In addition to the Jay and Silent Bob and Avatar Legends NFTs, Funko also released Digital Pop NFTs from brands such as Warner Bros., Hanna Barbera, My Little Pony, Kellogs, Transformers, Bob Ross, Star Trek, DC Comics, and Iron Maiden. Meanwhile, NFT sales have been dreary during the last few weeks, and the last seven days of NFT sales are down 25.26% lower than the week prior. Interest in NFTs has plateaued, as Google Trends data indicates that worldwide searches for the term "NFT" dropped from an all-time high score of 100 at the end of January, to the current score of 16. Funko Digital Pop NFTs are issued on the Wax blockchain which saw $379K in sales during the past seven days, according to cryptoslam.io's weekly stats. The average Wax blockchain sale during the month of June was $6.46 per NFT, and in July the average was $4.63. Cryptoslam.io metrics show Wax is the ninth largest blockchain in terms of NFT sales among 17 networks. Dappradar.com statistics further show the Wax non-fungible token market Atomicmarket is the tenth largest NFT marketplace in terms of all-time sales. On August 9, Funko's non-fungible tokens will be distributed via the NFT platform Droppp. A few days ago, Paramount's PARA shares were downgraded by Goldman Sachs, while FNKO shares have been on a tear. Funko's shares have been doing well because the company has seen "solid demand across product categories," according to a zacks.com report published on Friday. Funko recently acquired the collectible brand and limited edition screen printed poster producer Mondo in June. The consumer products firm Funko's quarterly earnings are expected to be released soon. Tags in this story Avatar, Avatar Legends, Avatar Legends NFTs, Blockchain, cryptoslam.io statistics, Digital Collectible, Digital Collectibles, Droppp, metaverse industry, nft, NFT sales, NFTs, Nickelodeon, Non-fungible Token, Non-fungible tokens, Paramount, Paramount Global, Physical versions, The Last Airbender, The Legend of Korra, Wax Blockchain What do you think about Funko teaming up with Paramount Global to introduce Avatar Legends Digital Pop NFTs? Let us know what you think about this subject in the comments section below. Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today. Image Credits: Shutterstock, Pixabay, Wiki Commons, Funko, Paramount Global, Avatar Legends Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. More Popular News In Case You Missed It Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81323 Powered by Jetpack

chefmatthew987 posted: " Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. On the lower timeframes, Bitcoin [BTC] has held the $23.5-$23.7k area as support over the past couple of days. Headi" NYC Crypto Decentraland [MANA] halted at psychological $1 mark as it sees a short-term range formation chefmatthew987 Jul 30 Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. On the lower timeframes, Bitcoin [BTC] has held the $23.5-$23.7k area as support over the past couple of days. Heading into the weekend and potentially low liquidity, BTC bulls could begin to worry that the king might slip back beneath the $23k mark. This could see Decentraland pullback as well. MANA was trading within a range over the past two weeks, and approached the range highs at $1.02. The $1 mark would also likely oppose further gains in the coming days. MANA- 1-Hour Chart Source: MANA/USDT on TradingView The $1 was a psychologically important level. Market participants would likely flip bullish if the $1 was retested as support, and not just for technical reasons. It so happened that the $1 mark also had confluence with a range MANA has traded within since mid-July. This range extended from $0.84 to $1.02, with the mid-range value at $0.93. This level can be expected to serve as support should MANA venture southward. If Bitcoin can climb back above the $24.5k mark, it could encourage the Decentraland token to climb sharply as well. The bullish momentum would be witnessed across the altcoin market. To the south, apart from $0.93, there was also a small demand zone at $0.96-$0.95. Rationale Source: MANA/USDT on TradingView The hourly Relative Strength Index (RSI) just barely managed to hold on to the neutral 50 level over the course of the previous day, with a brief dip to the 42 mark. The RSI climbed back above neutral 50 in recent hours to hint at bullish momentum. The A/D line has also risen over the past couple of days. The boost to the A/D indicator highlighted buying volume in recent days. The price also continued to trade above the EMA ribbon, which suggested that bullish momentum has not died yet. The Bollinger Band (BB) width indicator has bobbed and weaved in recent weeks. The surges indicated a sudden rise in volatility. Yet, MANA was unable to break above or below the range. If MANA managed to climb past the $1 mark and the BB bandwidth indicator finds a bottom near 0.05 again, a short-term investor might want to explore buying opportunities. Conclusion Despite the bullish momentum and the presence of strong buyers, the $1 mark remained significant resistance. Earlier buys of MANA can take profit at this psychological resistance level. A buying opportunity might arise if bulls flipped this level to support. Credit: Source link The post Decentraland [MANA] halted at psychological $1 mark as it sees a short-term range formation appeared first on Coin-News24.com. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81321 Powered by Jetpack

chefmatthew987 posted: " Hong Kong-based crypto decentralised finance company Babel Finance lost about $280 million in proprietary trading using funds of customers. Babel lost around 8,000 Bitcoin (BTC) and 56,000 Ethereum (ETH) due to forced liquidation as B" NYC Crypto Troubled Crypto DeFi Company Babel Finance Loses $280 Million, yearn.finance (YFI) Rises 25% chefmatthew987 Jul 30 Hong Kong-based crypto decentralised finance company Babel Finance lost about $280 million in proprietary trading using funds of customers. Babel lost around 8,000 Bitcoin (BTC) and 56,000 Ethereum (ETH) due to forced liquidation as Bitcoin's price plunged below $20,000 in June. Babel shared a restructuring proposal deck wherein it outlined that the proprietary trading team's operations, which resulted in the loss, falls outside the company's normal business "which has otherwise been running smoothly with proper management and control," reported The Block. SCOOP: Babel Finance lost over $280 million in proprietary trading with customer funds By @Yogita_Khatri5 https://t.co/MiWExM8YtR — The Block (@TheBlock__) July 29, 2022 Singapore-based Zipmex, which recently filed for bankruptcy, acknowledged last week that it had an exposure of $48 million to Babel Finance. Click here to read more about it. Cryptocurrency Prices The global crypto market capitalisation went up by 0.01 per cent to $1.1 trillion as of 8.50 am. However, the global crypto volume was down by 4.78 per cent to $99.05 billion, according to Coinmarketcap data. Bitcoin, the world's oldest cryptocurrency, was trading at $23,817.98, higher by 0.02 per cent in the last 24 hours. Ethereum (ETH) was down by 0.68 per cent to $1,705.32.  Among other significant coins, Cardano (ADA) was up by 0.54 per cent at $0.5189, Algorand (ALGO) was trading with a loss of 0.18 per cent at $0.3349, Solana (SOL) was trading with a loss of 2.64 per cent at $41.91, Polkadot (DOT) rose 5.73 per cent at $8.40 and Binance Coin (BNB) was up by 7.08 per cent at $296.14. Today's top gainer was yearn.finance (YFI), which was up by 25.81 per cent at $10,953.16. The top loser was Curve DAO Token (CRV), which was down by 8.47 per cent at $1.41.  Meme Coin And DeFi Prices Dogecoin (DOGE) was down by 1.53 per cent at $0.0689. Its volume to market cap ratio stands at 0.0768. Rival Shiba Inu (SHIB) fell 2.7 per cent at $0.00001178. Dogelon Mars (ELON) was down by 3.52 per cent to trade at $0.0000003589, Floki Inu (FLOKI) rose 1.37 per cent at $0.00001121, and Samoyed Coin (SAMO) lost 1.62 per cent at $0.0115.  In the DeFi segment, YFI (yearn.finance) was up by 25.81 per cent at $10,953.16. On a weekly basis it was up about 63 per cent. Others in the DeFi segment saw losses, however. Terra Classic (LUNC) was trading with a loss of 1.35 per cent at $0.00009868, Avalanche (AVAX) was down by 1.61 per cent at $24.33, Uniswap (UNI) was trading with a loss of 5.34 per cent at $8.84, and Aave (AAVE) fell by 5.49 per cent at $95.02. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81319 Powered by Jetpack

chefmatthew987 posted: " Two experts have said they welcome South Africa's planned regulation of cryptocurrency but warned this should not scare away investors. If the regulation is balanced between the need to protect investors and stimulating interest in crypto invest" NYC Crypto Regulation of Cryptocurrency in South Africa Should Not Scare Away Investors Experts Say – Regulation Bitcoin News chefmatthew987 Jul 30 Two experts have said they welcome South Africa's planned regulation of cryptocurrency but warned this should not scare away investors. If the regulation is balanced between the need to protect investors and stimulating interest in crypto investment, this "could see funds stream into South Africa while growing the country's burgeoning crypto ecosystem." Crypto as a Financial Product South Africa's impending cryptocurrency regulations as well as the central bank's decision to regulate cryptocurrency as a financial product is welcome as long as this does stimulate interest in crypto investment, two experts have said. In their joint statement shared with Bitcoin.com News, both Thomas Lobban, the legal manager at Tax Consulting South Africa and Greg Rodrigues, the CFO at a local crypto exchange, Revix, assert that any such regulations must not scare away investors. The remarks by Lobban and Rodrigues follow reports quoting the deputy governor of the South African Reserve Bank (SARB) Kuben Naidoo who confirmed that the country expects to have regulations in place by end of 2023. As reported by Bitcoin.com News, the SARB had resolved to regulate cryptocurrencies after it had observed that "a lot of money" was flowing into these assets. The objective is to bring them "into the mainstream." Reacting to Naidoo's comments and his subsequent announcement of when the SARB plans to start regulating cryptos, Lobban said: Now we know crypto will be seen as a financial product with all the associated controls and requirements in place, including FIC [Financial Intelligence Centre], tax and exchange control compliance. The FIC is a South African government that is tasked with the monitoring as well as the identification of criminal activity, money laundering and terrorism financing. 'Crypto Is Global and Highly Fluid' For his part, Rodrigues said regulation of the crypto industry is something that Revix not only welcomes but also takes seriously. "Crypto is global and highly fluid, tending to flow into markets where regulations are welcoming, and just as easily out of those that are not," the CFO said. Therefore, South African regulators including the SARB are urged to be wary of pursuing policies that protect investors and overburden them at the same time. According to the two experts' joint statement, when regulation is balanced, this "could see funds stream into South Africa while growing the country's burgeoning crypto ecosystem." Meanwhile, Rodrigues pointed to the issue of crypto ownership and custody as one important factor that South African regulators also need to consider. He called for the external independent verification of crypto service providers' claims relating to the quantity and security of clients' assets. Lobban suggested that the SARB needs to engage in public and other stakeholders "to ensure the policies it develops are informed by the interests of all parties who will be affected by them." Register your email here to get a weekly update on African news sent to your inbox: Tags in this story Crypto Ecosystem, Cryptocurrency regulation, exchange control, Financial Intelligence Centre, Greg Rodrigues, Kuben Naidoo, Money Laundering, Revix, South African Reserve Bank, Tax Consulting South Africa, Thomas Lobban What are your thoughts on this story? Let us know what you think in the comments section below. Terence Zimwara Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route. Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. More Popular News In Case You Missed It Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81317 Powered by Jetpack

chefmatthew987 posted: " DEC denies air permits for cryptomining operation  Spectrum News " NYC Crypto DEC denies air permits for cryptomining operation chefmatthew987 Jul 30 DEC denies air permits for cryptomining operation  Spectrum News Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81315 Powered by Jetpack

chefmatthew987 posted: " About Us We LIVE, BREATHE and SLEEP Guwahati!Projected to be a smart city by 2025, Guwahati is a major port on the banks of Brahmaputra, the capital of Assam and the urban hub of the North East. This metropolitan city is growing leaps and boun" NYC Crypto Xanderdark's Take On The Top 5 Crypto Projects Of 2022 chefmatthew987 Jul 30 About Us We LIVE, BREATHE and SLEEP Guwahati! Projected to be a smart city by 2025, Guwahati is a major port on the banks of Brahmaputra, the capital of Assam and the urban hub of the North East. This metropolitan city is growing leaps and bounds, and for its unparalleled pace of growth, comes the need for an unparalleled publication, that people call their 'own'. This material may not be published, broadcast, rewritten, or redistributed, 2022 © G plus. All rights reserved. Copyright © 2022 Insight Brandcom Pvt. Ltd. All rights reserved. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81313 Powered by Jetpack

chefmatthew987 posted: " DeFi tokens, including  Curve DAO Token [CRV], Uniswap [UNI], and 1INCH, were part of the cryptocurrencies that surged as of 29 July. In addition, none of the tokens gained as much as CRV throughout the uptick. Like it did some days back, CRV hit as h" NYC Crypto Curve Finance [CRV] climbs up double digits, but is it enough for the DeFi token? – Coin-News24.com chefmatthew987 Jul 30 DeFi tokens, including  Curve DAO Token [CRV], Uniswap [UNI], and 1INCH, were part of the cryptocurrencies that surged as of 29 July. In addition, none of the tokens gained as much as CRV throughout the uptick. Like it did some days back, CRV hit as high as $1.56— a new monthly high. As of 29 July, CRV was up 14.89% as per CoinMarketCap. Other DeFi protocols also got good gains. UNI increased 5.16% to $8.68 while 1INCH hit 4.56%, increasing its market cap to $426 million. The king retains the crown CRV had proven to be the undisputable DeFi king. After outshining others in price movement, it remained on top in other aspects. According to Delphi Digital, Curve's second version performed exceptionally over Uniwswap V3. In 2022, @CurveFinance v2 quoted better execution prices than @Uniswap v3 for ~65% of all ETH/USDT transaction volume. On @arbitrum, Curve Tricrypto is dominating $ETH volumes with more than 83% of total market share. What's happening, and are the DEX Wars heating up? pic.twitter.com/HU5H4yCx9L — Delphi Digital (@Delphi_Digital) July 27, 2022 The crypto research institute also noted that CRV accounted for recent transactions that passed through Decentralized Exchanges (DEX). Besides the uptick, CRV's price action has been impressive. On 28 July, CRV skyrocketed from $1.27 to $1.51. However, there has been a slight downfall in its price at the time of this report. At press time, CRV traded at $1.41. Additionally, the Relative Strength Index (RSI) further stood above the 50 level after witnessing a slight drop in the last 48 hours.  Source: TradingView While CRV has an excellent potential to increase its rally, it could also retrace before going on an uptrend. Per the update, CRV is likely to remain around the $1.40 to $1.50 region. Besides the technical price outlook, on-chain metrics favor a further CRV uptick. On-chain analysis Both the volume and active addresses on the CRV chain have increased remarkably. According to Santiment, the volume of CRV moved from 236.66 million to 434.70 million as of 29 July. Source: Santiment Although the 24-hour active addresses have not surged as they did on 22 July, the recent one was not bad either. On 28 July, this number stood at 867. However, as of 29 July, it had increased to 1212. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81311 Powered by Jetpack

chefmatthew987 posted: " " NYC Crypto It's Getting Messy for Crypto Miners: Where Are They Headed From Here? chefmatthew987 Jul 30 What happened It's been another rocky week in the world of cryptocurrency mining. As of 12:30 p.m. ET today, shares of CleanSpark (NASDAQ: CLSK) and Hut 8 Mining (NASDAQ: HUT) have dropped 6% and 2.6%, respectively, from last Friday's close. These moves come amid a series of macro headwinds that proliferated this past week. Kazakhstan, still an important country in the world of Bitcoin (CRYPTO: BTC) mining, announced a new set of tax laws aimed at inhibiting domestic crypto mining. Prices for Bitcoin mining rigs have also reportedly dropped to 2020 pandemic lows, amid a slowdown in global activity and fire sales tied to recent bankruptcy-related news. And most notably, Texas power grid operators have requested all Bitcoin miners shut down operations to help ease the burden on an already-stretched power grid. Interestingly, Riot Blockchain (NASDAQ: RIOT), which was previously negative on the week, has shot into the green on news the company will comply with requests to curtail energy consumption. Despite the company having significant operations in Texas, it appears investors are viewing today's rising Bitcoin price as a more promising catalyst over the medium term. So what It's undoubtedly a bearish environment for crypto miners right now. Whether it's environmental concerns, or simply stretched power grids in many regions that invited crypto mining activity, regulatory headwinds remain strong for this sector. This situation may remain in place for some time, particularly given the extent to which geopolitical concerns have impacted the energy security of various regions. That said, crumbling mining rig prices and a higher Bitcoin price do bode well for miners with existing operations looking to expand. Bitcoin mining may still be portable, if the price of mining equipment drops enough. And those crypto miners with the ability to ramp up production in other regions may yet see higher near-term profits. Now what The key determining factor that drives the profitability of crypto mining operations is the price of Bitcoin. Today's move higher for Bitcoin appears to be overshadowing a rather dim outlook overall for this sector. Whether investors are too easily brushing off regulatory concerns or not will be determined over time. However, this week's price action in this sector has been intriguing to watch, for sure. 10 stocks we like better than CleanSpark, Inc. When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and CleanSpark, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2022 Chris MacDonald has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81309 Powered by Jetpack

chefmatthew987 posted: " The Labour Party presidential candidate, Peter Obi, has given the reason for the instability of Nigeria's currency, Naira. The former Anambra State governor was reacting to the depreciation of the Naira at the parallel market. The Naira fell to a rec" NYC Crypto Why Nigeria's currency is unstable — Peter Obi chefmatthew987 Jul 30 The Labour Party presidential candidate, Peter Obi, has given the reason for the instability of Nigeria's currency, Naira. The former Anambra State governor was reacting to the depreciation of the Naira at the parallel market. The Naira fell to a record low on Thursday after the currency was sold for N718/$1 at the black market. Nigerians had blamed the situation on the poor economic policies of President Muhammadu Buhari's administration. In a series of tweets on his Twitter handle on Friday, the LP candidate charged the Federal Government to come up with ultra-effective policies to address the crises. READ ALSO: Peter Obi laments killing of soldiers, charges Nigerian govt to curb terrorism He said: "Distortions in the economy and fiscal policies have triggered instability of the Naira, The plummeting exchange rate is worrisome. "The Fiscal Managers should come up with a policy line or modality for arresting the value drift and restoring confidence in the National currency. Also, denominating domestic transactions and contracts in foreign currency should be stopped forthwith." Join the conversation Opinions Support Ripples Nigeria, hold up solutions journalism Balanced, fearless journalism driven by data comes at huge financial costs. As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake. If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause. Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development. Donate Now Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81307 Powered by Jetpack

chefmatthew987 posted: " Bitcoin miners' balance has reached a four-year high. According to Glassnode's latest data, the figures have surpassed 1,845,303 BTC. Bitcoin Miners Hodling Again From the great Chinese migration in 2021 to the ongoing bear market, the" NYC Crypto Bitcoin Miners' Balance Hits 4-Year High: Glassnode chefmatthew987 Jul 30 Bitcoin miners' balance has reached a four-year high. According to Glassnode's latest data, the figures have surpassed 1,845,303 BTC. Bitcoin Miners Hodling Again From the great Chinese migration in 2021 to the ongoing bear market, the miners of the BTC network went through many challenges, including a shift in profitability. However, it appears that they are "hodling" again. The trajectory for the total supply held in miner addresses has been consistently upwards since the beginning of the year despite minor setbacks along the way, as per the data. #Bitcoin $BTC Miners' Balance just reached a 4-year high of 1,845,303.361 Previous 4-year high of 1,843,536.853 was observed on 26 July 2022 View metric:https://t.co/cHhwgaCLee pic.twitter.com/FfgF1Wm8mk — glassnode alerts (@glassnodealerts) July 29, 2022 The massive price declines prompted miners to dispose of their assets to minimize potential losses. After years of accumulation, these network participants had sold off a significant portion of their holdings. In fact, a handful of institutional miners even sold more BTC than they made in the month of May. Big players such as Core Scientific had to part with their BTC stash in order to survive the tepid market conditions. As a knock-on effect, the prices of ASICs also took a hit. The unprofitability of Bitcoin mining drove many miners to sell their mining hardware at a discount. During this time, the miners were reported to be in a distribution phase, where fears of increasing selling pressure caused by the capitulation event could have pushed the price further down in the short term. The latest reversal seen in the trend could, however, prove to be bullish for Bitcoin. Over Network Health Despite modest gains over the week, Bitcoin's hash rate has suffered a decent hit and was found near 207 million Th/s. It was down by over 17% from the recent all-time high. The difficulty in mining a block of Bitcoin was also lowered by 5% to 27.67 trillion. As per BlockchainCom's chart, network difficulty has continued to maintain its downward streak. Notably, this was the largest downward revision since the Chinese mining ban. There could be a silver lining here, as reduced difficulty adjustment could enable smaller miners a possibility to rake in rewards. SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms). PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81305 Powered by Jetpack

chefmatthew987 posted: " The Central African Republic's token sale appeared to have gotten to a slow start after less than 13 million out of the 210 million Sango coins were sold since the commencement of the sale on July 25. The country has claimed its decision to ado" NYC Crypto Central African Republic Token Sale off to Slow Start — $1.26 Million Raised in Under 5 Days – Africa Bitcoin News chefmatthew987 Jul 30 The Central African Republic's token sale appeared to have gotten to a slow start after less than 13 million out of the 210 million Sango coins were sold since the commencement of the sale on July 25. The country has claimed its decision to adopt bitcoin has won praise from "other African countries exploring the possibilities of adopting a similar system." Just Over $1.2 Million Raised Since Token Sale Commenced The sale of the Central African Republic (CAR)'s Sango crypto token, which commenced on July 25, has reportedly started off slowly with just under 13 million coins having been sold to date. With the initial selling price set at $0.10 per coin, it means the CAR has now raised approximately $1.26 million since the commencement of the sale, a website tracking the token sale has shown. As previously reported by Bitcoin.com News, investors that wish to acquire their share of the 210 million Sango coins on offer must fork out a minimum of $500. Prospective buyers can pay using BTC or ETH. While details about the coin sale as well as the technology used to anchor the crypto token remain murky, a press statement released by a team that is promoting the project appeared to address these and other concerns. In the statement, the CAR team starts by addressing reports that the Sango coin is backed by bitcoin. The CAR team said: SANGO, the coin of the Sango sidechain, will be fractionally backed by Bitcoin, which in simple terms means that the Central African Republic Treasury will consist of a Bitcoin reserve fund. Being backed by bitcoin, therefore, means "Sango will be able to operate with wrapped Bitcoin (s-BTC) in the Sango ecosystem." Sango Immune to De-Pegging Risk According to the CAR's leadership, bitcoin is an "optimal solution for a digital store of value, allowing citizens to democratize money and currency." The press release also said, "benefits include, partial decentralization and no risks of de-pegs, differentiating SANGO from stablecoins and CBDCs and ensuring that current monetary problems will be surpassed." In the press statement, the Sango team acknowledges that while the CAR has received a backlash over its decision to make bitcoin legal tender. However, in the press release, the team claimed the move has attracted the attention of leading figures in the crypto industry like Changpeng Zhao and Michael Saylor. The statement also claimed the CAR has also been praised by "other African countries exploring the possibilities of adopting a similar system." However, the statement does not reveal the names of the said countries. Register your email here to get a weekly update on African news sent to your inbox: Tags in this story Bitcoin Law, bitcoin reserve fund, BTC, CAR bitcoin, CBDC, Changpeng Zhao, Decentralization, ETH, michael saylor bitcoin, Sango coin, The Central African Republic What are your thoughts on this story? Let us know what you think in the comments section below. Terence Zimwara Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route. Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. More Popular News In Case You Missed It Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81303 Powered by Jetpack

chefmatthew987 posted: " Although fluctuations in the cryptocurrency market continue, some of its digital assets are recording solid weekly gains, including the recently much-talked-about Ethereum Classic (ETC) and Monero (XMR), and especially Trust Wallet's utility toke" NYC Crypto Trust Wallet token and Bitcoin Gold lead the top 100 pack recording double-digit gains chefmatthew987 Jul 30 Although fluctuations in the cryptocurrency market continue, some of its digital assets are recording solid weekly gains, including the recently much-talked-about Ethereum Classic (ETC) and Monero (XMR), and especially Trust Wallet's utility token TWT. Notably, Trust Wallet Token leads the 100 pack with the largest gains in the last week – as much as 12%, followed by Bitcoin Gold (BTG) surpassing 11%, Qtum (QTUM) with over 9% in weekly gains, ETC with more than 8%, and Monero gaining over 3%, according to CoinMarketCap statistics retrieved on July 27. 7-day weekly growth. Source:CoinMarketCap.com What has driven these gains? TWT, which gained 12.07% over the past week, is the utility token of the Trust Wallet – a free, non-custodial mobile wallet in which users can store their crypto and non-fungible tokens (NFTs). A week ago, the platform announced the integration of networks such as Cardano (ADA), KuCoin Community Chain (KCS), as well as Ronin Network (AXS, RON). As for the 11.15% weekly increase of Bitcoin's open-source alternative and hardfork, Bitcoin Gold, it doesn't have a clear catalyst like the other top gainers, so it cannot be said for certain what has driven its gains other than perhaps the weakness of the U.S. dollar. Advancing 9.16% over the previous seven days, the proof-of-stake (PoS) blockchain Qtum was created to bring the best of Bitcoin and Ethereum into one chain. According to a tweet from early July, the platform had hit 2 million blocks, pointing to an increasing number of solutions building on top of it. What's more, the platform is set for a hardfork on July 31. Ethereum Classic advances as the Merge approaches Over the past week, Ethereum Classic has gained 8.48% and at press time trades at $26.95. Ethereum Classic's growth can be attributed to several factors, the first being the support of Ethereum's founder Vitalik Buterin, as he referred to ETC as "a totally fine chain." The second is the fact that miners have realized that they would be able to mine ETC under the Proof-of-Work (PoW) protocol despite the upcoming Merge that will switch Ethereum to the PoS algorithm. Finally, the growth could also be due to the announcement by Bitmain's mining pool partner AntPool's CEO Leon Lv that his organization invested $10 million to support the Ethereum Classic ecosystem and will continue to invest in it. Monero grows despite employee troubles As for Monero, it experienced a 3.29% growth over the previous week, pushed by some fresh daily gains of 6.09% after a sell-off from the day before. These increases became apparent after a South African regional court released from custody the former Monero lead maintainer Riccardo Spagni. According to a report by Finbold in early June, Spagni, a.k.a. Fluffypony, was arrested in the United States and extradited to the South African Republic, for over 378 counts of fraud and forgery against his former employer between October 2009 and June 2011, after failing to make a routine court appearance. Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.  Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81301 Powered by Jetpack

chefmatthew987 posted: " A new heat wave hits Texas, and cryptocurrency miners are feeling all the negative effects.  Texas summer doesn't seem like a good place for cryptocurrency miners Mining requires a great deal of electricity consumption from the use of special mach" NYC Crypto Heat wave puts miners in serious trouble in Texas – The Cryptonomist chefmatthew987 Jul 30 A new heat wave hits Texas, and cryptocurrency miners are feeling all the negative effects.  Texas summer doesn't seem like a good place for cryptocurrency miners Mining requires a great deal of electricity consumption from the use of special machinery, which in turn produces heat.  To avoid being overheated and to allow them to work at full capacity without problems, the surrounding environment should not be too hot.  If this happens, to adequately cool ASICs and graphics cards, miners must resort to additional cooling systems, such as fans and air conditioners.  However, these consume additional energy to that already required by the mining machines. As a result, miners will see their profit margins shrink, due to rising electricity costs.  And this is precisely why many of the mining farms in the world choose to set up their operations in countries where temperatures are very low, or at least sustained, throughout the year. Thus, areas in Northern Europe, such as Denmark, Norway and Finland, and those in Canada, for example, are favored.  In this way, miners will be able to save on costs associated with energy requirements, thereby increasing their profitability.  Texas miners are forced to reduce operations In recent days, electricity demand has exceeded the symbolic level of 80,000 MW (megawatts).  The Electric Reliability Council of Texas (ERCOT), an organization in the United States that manages and monitors the Texas power grid, has seen several records for the amount of electricity demanded, especially in July.  This emergency situation has prompted ERCOT to ask local residents and businesses to reduce consumption as soon as possible, with more focus on mining farms.  In particular, crypto-mining startup Argo Blockchain, had to significantly reduce its Bitcoin-related mining activities on 19 July. The company's share price is down 60% from a year ago (YTD), while its net income is 91.84% lower.  Certainly, both the heat wave and the collapse of the crypto market did not help the startup Argo Blockchain, which now faces problems related to its financial structure.  This is not the first time Texas has faced a similar situation. In fact, four months ago, ERCOT predicted a possible excess demand for energy, so much so that it required miners to obtain permission to connect to the state's power grid. Miners using renewable energy sources are more resilient to the current situation Mining farms powered by sustainable energy are better able to withstand negative conditions Most crypto mining farms that power their operations with sustainable electricity seem to suffer less from the overload of energy demand.  Franck Holmes, CEO of Hive Blockchain Technology, explains that: "Bitcoin and Ethereum mining farms are designed to use 100% renewable energy (solar and wind) which, even in the case of Texas, will not disrupt the state's power grid". What is happening now can be seen as a kind of "natural selection" for the mining industry. Indeed, those who operate low-cost energy facilities, especially through the use of renewable energy sources, are more likely to survive these kinds of events or, as has happened, a considerable drop in cryptocurrency prices. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81299 Powered by Jetpack

chefmatthew987 posted: " The Senior Special Assistant on Tertiary Education, Youths and Students Affairs to the Lagos State Governor, Omotayo Sanyaolu, is dead. He died in an auto crash in the Maryland area of the state on Friday morning. The Permanent Secretary, Lagos State" NYC Crypto Sanwo-Olu's aide dies in Lagos auto crash chefmatthew987 Jul 30 The Senior Special Assistant on Tertiary Education, Youths and Students Affairs to the Lagos State Governor, Omotayo Sanyaolu, is dead. He died in an auto crash in the Maryland area of the state on Friday morning. The Permanent Secretary, Lagos State Emergency Management Authority (LASEMA), Dr. Femi Oke-Osanyantolu, who confirmed the incident to journalists, said Sanyaolu's vehicle rammed into an Automated Teller Machine (ATM) machine located near the cantonment. He said: "Upon arrival at the scene it was discovered that a black Toyota Camry with registration number LAGH 32, while on top speed rammed into the Keystone Bank ATM located close to the Army Cantonment, Ikeja. READ ALSO: Sanwo-Olu, others may suffer same fate as Oyetola unless… —APC Chieftain, Nabena "Unfortunately, an adult male, Sanyanolu, who was the sole occupant of the vehicle died on impact and his remains were immediately bagged upon arrival of emergency responders. "These have been handed over to the cantonment officer on duty called Officer Musa. "The affected vehicle was recovered with the aid of LASEMA's light towing vehicle to a layby." Join the conversation Opinions Support Ripples Nigeria, hold up solutions journalism Balanced, fearless journalism driven by data comes at huge financial costs. As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake. If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause. Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development. Donate Now Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81297 Powered by Jetpack

chefmatthew987 posted: " Ripple Labs released its Q2 2022 report highlighting various development aspects, while also highlighting market dynamics affecting its performance. A key highlight of the report was the confirmation of the company's pursuits aimed at tapping into opp" NYC Crypto Ripple reveals SEC lawsuit update and aggressive push into NFT market through its Q2 report – Coin-News24.com chefmatthew987 Jul 30 Ripple Labs released its Q2 2022 report highlighting various development aspects, while also highlighting market dynamics affecting its performance. A key highlight of the report was the confirmation of the company's pursuits aimed at tapping into opportunities in the NFT market. It also reiterated its commitment towards fast-tracking the SEC lawsuit. The Ripple-SEC lawsuit has dragged on for years and is believed to have slowed down Ripple's development, as well as XRP's price action. The company revealed that it is pushing aggressively for the SEC lawsuit to be resolved. It also noted that the lack of regulatory clarity has been a major hurdle that is not only affecting Ripple but one that is a challenge for the entire crypto market. The SEC lawsuit has not stopped Ripple from pursuing growth opportunities. Ripple confirmed that it is interested in exploring growth opportunities in the NFT market and has plans to integrate NFT support into the XRP Ledger. It also revealed partnerships with major brands such as Lotus Automotive and the Balmain fashion brand to roll out their NFTs on XRPL. Ripple's expanded scope One of the most interesting aspects of the report is the reveal that Ripple has teamed up with FLUF World to develop a new blockchain called Root Network. This network will also be integrated with the XRPL and will use XRP for gas fees. This kind of utility and growth will boost XRP's demand and price action. XRP has been stuck in a ranging performance since mid-June. It traded at $0.363 as of 29 July, which is a slight improvement from its current 2022 lows. Source: TradingView Despite its relatively limited price range, XRP's on-chain metrics highlight healthy activity, especially between 28 July and 29 July. For example, its Bitmex and Binance funding rates improved significantly, implying that investor sentiment is improving. Source: Santiment The above outcome suggests that the report had a positive impact on stakeholders. This is also reflected in whale transaction counts. For example, the whale transaction count metric registered 12 transactions worth more than $1 million in the last 24 hours at press time. This is the highest number that this metric recorded this week. Source: Santiment XRP also maintained a healthy number of transactions worth between $100,000 and $1 million. However, this category did not provide any noteworthy spike compared to the previous week. Where does XRP stand then?  XRP's price action experienced a slight retracement as of 29 July. This suggests that the report was not accretive of the cryptocurrency's price. This is likely because most stakeholders are still concerned about the SEC's lawsuit. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81295 Powered by Jetpack

chefmatthew987 posted: " – Bell Chapel United Methodist Church, Steubenville: "Looking Back, Looking Ahead." – Cadiz Presbyterian Church: "Whose Will They Be?" www.CadizPresbyterian.org. – Calvary Community Missionary Baptist Church, Steubenvi" NYC Crypto Church sermon topics chefmatthew987 Jul 30 – Bell Chapel United Methodist Church, Steubenville: "Looking Back, Looking Ahead." – Cadiz Presbyterian Church: "Whose Will They Be?" http://www.CadizPresbyterian.org. – Calvary Community Missionary Baptist Church, Steubenville: "A Good Escape Plan." – Christ United Methodist Church, East Springfield: "The Ripple Effect." – Finley United Methodist Church, Steubenville: "Profiles of Faith: Moses," morning worship; "A Charge to Keep We Have: Ministry," evening service. – Follansbee First Church of the Nazarene: "The Faith That Works." – Harmony United Methodist Church, Mingo Junction: "What's in a Name?" – Riverview United Methodist Church, Toronto: Music ministry by Doc Roe and the Sweet Harmonies. A love offering will be taken. – St. Stephen's Episcopal Church, Steubenville: "Set Your Minds on Things That Are Above." – Scio United Methodist Church: "The Ripple Effect." – Starkdale Presbyterian Church, Steubenville: "Born of God," Part II – Two Ridges Presbyterian Church, Wintersville: Guest minister Tony Foglio. – Weirton First Christian Church: "The Rich Fool." – Weirton Heights Memorial Baptist Church: "Facing Our Fears." – Wintersville Church of Christ: "Walking in the Light." – Zion United Church of Christ, Steubenville: "Your Money or Your Life!" Today's breaking news and more in your inbox Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81293 Powered by Jetpack

chefmatthew987 posted: " Cardano's [ADA] drop from the $0.66-level pulled the alt toward its point of Control (POC, red). The EMA ribbons have constricted the buying efforts until recently. As a descending channel takes shape, the sellers would be keen on halting the ongoing " NYC Crypto What Cardano needs to sway beyond constraints of $0.5-level chefmatthew987 Jul 30 Cardano's [ADA] drop from the $0.66-level pulled the alt toward its point of Control (POC, red). The EMA ribbons have constricted the buying efforts until recently. As a descending channel takes shape, the sellers would be keen on halting the ongoing rally in the coming times. But with the breach of the 38.2% Fibonacci level, buyers could strive for more before giving in to the reversal tendencies of the pattern. At press time, ADA traded at $0.5315, up by nearly 7.52% in the last 24 hours. ADA Daily Chart Source: TradingView, ADA/USDT As the price action kept hovering below the EMA ribbons, the long-term outlook for the altcoin favored the sellers until the press time breach of the 55 EMA. The alt seemingly stepped away from its extended sluggish phase near the POC. The price action now strived to break the tight phase as the northbound 20 EMA looked to cross the 50 EMA. The alt would likely witness a high volatility phase in the coming days. With the price action breaching the 38.2% Fibonacci level, the bulls could eye for a close toward the upper trendline of the up-channel. In this case, potential targets would rest in the $0.57-zone. Any close above this level would put the alt into price discovery. A sudden selling resurgence could disregard the bullish tendencies. A close below the pattern would confirm this resurgence. Rationale Source: TradingView, ADA/USDT The Relative Strength Index (RSI) took a relatively bullish stance while retesting the 59-mark resistance. A breach above this mark could aid the buyers in finding fresher highs. However, the Chaikin Money Flow (CMF) saw a string of lower peaks. So, any reversals on the CMF could confirm a bearish divergence. But the ADX of ADA revealed a substantially weak directional trend. Conclusion With buyers finding a break above the 38.2% level, ADA buyers could aim to test the golden Fibonacci resistance before committing themselves to the uptrend. The targets would remain the same as above. Nonetheless, traders/investors should keep a close watch on Bitcoin's movement and its effects on the wider market to make a profitable move. Credit: Source link The post What Cardano needs to sway beyond constraints of $0.5-level appeared first on Coin-News24.com. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81291 Powered by Jetpack

chefmatthew987 posted: " This is not the summer that Americans want to deal with an unknown number of cryptocurrency firms unexpectedly flooding the power grid. More Americans are already expecting to" NYC Crypto Cryptomining boom has people's energy bills skyrocketing; feds mull new rules [Updated] chefmatthew987 Jul 30 This is not the summer that Americans want to deal with an unknown number of cryptocurrency firms unexpectedly flooding the power grid. More Americans are already expecting to experience rolling blackouts as the nation's power grid strains against record heat and drought conditions currently spiking energy usage from coast to coast. Now, lawmakers are worried that US cryptocurrency mining operations planning for rapid growth will potentially further destabilize the grid while quietly spiking carbon emissions and driving up utility costs to more and more consumers. That's why Senator Elizabeth Warren (D-Mass.) joined five other Congress members to submit a letter to the Environmental Protection Agency and Department of Energy, recommending the agencies combine forces to draft new regulations requiring emissions and energy use reporting from all cryptomining operations nationwide. Only then, Warren and others suggest, will we know exactly how many firms are operating in the US, how much energy is being used, how much damage to the environment is being done, and how many communities are being affected. The letter provided the EPA and DOE with new information from Congress' investigation into the environmental impacts of "seven of the largest cryptomining operations in the US." It's just a fraction of the whole, but together, these firms plan to increase their total mining capacity by nearly 230 percent, requiring an added electricity consumption than is used to power all the homes in Los Angeles. None of the firms said that they track the impacts on consumers connected to power grids, and none of the firms seemed to think they had any reason to fully comply with Congress' request for information. Advertisement "None of the companies provided full and complete information in response to our questions," Warren et al. wrote. "But the information they did provide reveals that these companies' mining operations are significant and growing, have a major impact on climate change, and that federal intervention is necessary." Only three firms shared data on greenhouse gas emissions, but the pattern the limited dataset revealed was troubling to Congress members: "These three companies that provided clear emissions data alone are currently responsible for approximately 1.6 million tons emitted annually, the equivalent of almost 360,000 cars—and these figures are only set to go upwards in the coming years." Warren et al. have given the agencies until August 15 to verify their authority to enforce cryptomining reporting. They suggested that some reporting, like emissions data, could be required through existing legislation, like the Clean Air Act. Impact on consumer utility bills After China banned cryptomining last fall, the US became the prime destination for firms relocating. Within the past few years, the Congress members say in the letter, the US has supplied "over a third of the global computing power dedicated to mining Bitcoin" (the most popular cryptocurrency). As more firms move into the US, Warren et al. said that people who live and do business near these firms have already ended up paying higher utility costs. The biggest example comes from Plattsburgh, New York. The Congress members described a report detailing "residential electricity bills that were 'up to $300 higher than usual' in the winter of 2018." In that case, New York responded to growing concerns by passing the first US moratorium on new cryptomining operations. Warren et al. are not urging a nationwide ban like China's but quoted a study from the Haas School of Business at the University of California, Berkeley, that showed the extent of the issue and implications for other areas impacted by future growth: "the power demands of cryptocurrency mining operations in upstate New York push up annual electric bills by about $165 million for small businesses and $79 million for individuals." Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81289 Powered by Jetpack

chefmatthew987 posted: " In a historic move, Ripple partner QNB has launched a direct remittance service for money transfers from Qatar to the Philippines. This makes it the first bank in Qatar to introduce the service. Through the use of Ripple's financial technology, "Rippl" NYC Crypto Ripple Expands Its Remittance Technology to Philippines via QNB in First-of-Its-Kind Move chefmatthew987 Jul 30 In a historic move, Ripple partner QNB has launched a direct remittance service for money transfers from Qatar to the Philippines. This makes it the first bank in Qatar to introduce the service. Through the use of Ripple's financial technology, "RippleNet," QNB will establish a connection with China Bank, one of the top private universal banks in the Philippines, to offer this service. The new service aims to offer the bank's clients an easy remittance process as well as a quick and enhanced cross-border money transfer option. The service, which primarily caters to Filipino people residing in Qatar, would enable them to instantly send funds up to PHP50,000 to any bank in the Philippines. Proud to connect @QNBGroup,our biggest partner in MENA with China Bank in Philippines bringing Ripplenet's customer experience to Filipinos in Qatar. Supporting Qatar as it hosts @FIFAWorldCup 2022. @chinabankph @Ripple @QNAEnglish @QFA_EN https://t.co/hHNwpzYklC pic.twitter.com/0EN2f3jT6M — Navin Gupta (@navinblockchain) July 25, 2022 Navin Gupta, managing director, South Asia and MENA, at Ripple, stated: "QNB is our biggest partner in the MENA region and we are delighted to continuously strengthen this partnership on RippleNet to additional countries. The Philippines is one of the largest remittance receivers globally, and we are pleased to be connecting QNB with China Bank to process remittances from Qatar to the Philippines via Ripple Net." Ads XRP sets major milestones As indicated by Santiment and reported by U.Today, XRP has attained some major milestones in the past week. $XRP is ahead of the #altcoin pack recently, and some major milestones have hit over the past week. In addition to several massive active address spikes firing off, there have been massive dormant tokens shifting addresses this week. Keep a close watch. https://t.co/UzRmo52AeD pic.twitter.com/bTtt35lsGY — Santiment (@santimentfeed) July 22, 2022 The on-chain analytics firm stated over the weekend: "XRP is ahead of the #altcoin pack recently, and some major milestones have hit over the past week. In addition to several massive active address spikes firing off, there have been massive dormant tokens shifting addresses this week." In the latest updates shared by defense lawyer James K. Filan on the Ripple lawsuit, "the Court has entered an Order setting a deadline of July 28, 2022, by which any non-parties must move to seal portions of the Daubert Motions or else waive objections to the Court's ultimate ruling on the Parties' sealing applications." Additionally, the SEC's motion to file a 30-page opening brief was denied (limited to 20 pages), but its request to file a 10-page reply brief was granted in connection with the SEC's objection to Judge Netburn's ruling on the Hinman Speech documents. In connection with the "Daubert Motions" that were submitted on July 12 by the Ripple Defendants and the SEC, the SEC also submitted a Motion to Seal. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81287 Powered by Jetpack

chefmatthew987 posted: " Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Since dropping from the $275 baseline in early May, Bitcoin Cash [BCH] finally found rebounding opportunities after " NYC Crypto Bitcoin Cash traders should look for a close above this resistance – Coin-News24.com chefmatthew987 Jul 30 Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Since dropping from the $275 baseline in early May, Bitcoin Cash [BCH] finally found rebounding opportunities after plunging to its record low in the $96-zone. The price has been hovering near the upper band of the Bollinger Bands (BB) for the last two weeks as it broke into high volatility. A compelling close above the $162-$174 range could ensure a continued bull run in the coming days. Any close below the immediate support could aid the selling efforts to invalidate near-term bullish tendencies. At press time, BCH was trading at $149.7, up by 4.83% in the last 24 hours. BCH Daily Chart Source: TradingView, BCH/USDT The bears capitalized on the aggravated fear sentiment by pulling BCH towards its fresher multi-yearly lows on 13 July. But the bulls finally flipped the three-month trendline resistance to support in the recent rally. The altcoin registered a 74.4% devaluation (from 5 April) and matched its December 2018 lows a few weeks ago. With the basis line of BB (green) looking north, the buyers would aim to continue their buying spree. Also, the trading volumes marked a double-digit 24-hour uptick that propelled a bullish engulfing candlestick on the chart. Any close above the $174 resistance could put BCH into price discovery. In this case, potential targets could lie in the $196 region. However, a near-term bearish pull can delay this recovery by causing a retest toward the $130-$136 range in the coming sessions. Rationale Source: TradingView, BCH/USDT Over the last day, the bearish RSI slammed into the overbought-mark resistance. A sustained reversal below this level would aid the sellers in preventing an immediate breakout. Furthermore, the CMF maintained its peaks over the past week and saw a mild bearish divergence with the price action. Nonetheless, the MACD lines have found a spot above the zero-mark to depict an increasing buying momentum. Conclusion Given the mixed readings on the indicators, BCH could see a short-term slowdown. Eventually, the bulls would aim to snap the $174-mark. The targets would remain the same as above. However, BCH shares a staggering 89% 30-day correlation with the king coin. Thus, keeping a watch on Bitcoin's movement would be vital in making an accurate decision. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81285 Powered by Jetpack

chefmatthew987 posted: " Ripple's general counsel has urged U.S. lawmakers to pass "sensible crypto legislation" amid a Securities and Exchange Commission (SEC) lawsuit over the sale of xrp. "Rather than providing regulatory clarity through rulemaking, the SEC is bullyi" NYC Crypto Ripple's Counsel Urges US Lawmakers to Urgently Pass 'Sensible' Crypto Legislation Amid SEC Lawsuit Over XRP – Regulation Bitcoin News chefmatthew987 Jul 30 Ripple's general counsel has urged U.S. lawmakers to pass "sensible crypto legislation" amid a Securities and Exchange Commission (SEC) lawsuit over the sale of xrp. "Rather than providing regulatory clarity through rulemaking, the SEC is bullying crypto markets by filing unproven allegations masquerading as regulation," he opined. Ripple's Counsel Calls for 'Sensible' Crypto Regulation Stuart Alderoty, general counsel for Ripple, stressed the importance of sensible cryptocurrency legislation in an opinion piece published Wednesday. Referencing a House Financial Services Subcommittee hearing on Investor Protection where Congressman Brad Sherman (D-CA) pushed the SEC to go after major cryptocurrency exchanges that traded XRP, Alderoty emphasized: Sherman's off-base remarks underscore the urgent need for sensible crypto legislation from Washington. The SEC sued Ripple Labs, CEO Brad Garlinghouse, and co-founder Chris Larsen in December 2020, alleging that the XRP sale was an unregistered securities offering. Ripple disagreed with the SEC and has since been fighting a legal battle with the securities regulator. Recently, Garlinghouse discussed possible outcomes of the lawsuit. Alderoty quoted Rep. Sherman stating that "the fact remains" that "XRP … clearly is a security." However, the Ripple counsel argued that "the real fact" is: The filing of a lawsuit determines nothing. Noting that the lawmaker is a Harvard-trained lawyer, Alderoty alleged: "He knows that the SEC can't determine XRP to be a security. He knows that no country in the world has determined XRP to be a security. He knows the issue needs to be decided in the court." Whether XRP is a security or not has yet to be determined, the Ripple counsel explained, adding that "when it is made, it will be made by the court." Alderoty has been criticizing the SEC for its approach to regulating the crypto industry, particularly how the securities watchdog handles the lawsuit against Ripple and its executives over the sale of XRP. He tweeted Wednesday: Rather than providing regulatory clarity through rulemaking, the SEC is bullying crypto markets by filing unproven allegations masquerading as regulation. Tags in this story Brad Sherman, Congress, Cryptocurrency regulation, Ripple, Ripple lawyer, Ripple US crypto regulation, Ripple US lawmakers, Stu Alderoty, Stuart Alderoty, XRP crypto legislation, XRP crypto regulation Do you think the U.S. congress will pass sensible crypto legislation that will help Ripple's case? Let us know in the comments section below. Kevin Helms A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. More Popular News In Case You Missed It Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81283 Powered by Jetpack

chefmatthew987 posted: " Editorial IndependenceWe want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.Ether" NYC Crypto Proof of Work vs. Proof of Stake: Ethereum's Recent Price Surge Shows Why the Difference Matters chefmatthew987 Jul 30 We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money. Ethereum's price surged by more than 40% in mid-July following an announcement by the second-largest blockchain.  If you didn't catch it at the time, you might wonder what kind of announcement has such power to send the price of ethereum surging. It all comes down to the difference between proof of stake and proof of work — two different ways to validate transactions on a blockchain network.  In ethereum's case, a long-planned network upgrade referred to as "The Merge" will shift its protocol from a proof of work model to a proof of stake model. After previous delays, the July announcement set Sept. 19 as the new date for the switch to take place. While the difference isn't likely to be obvious to casual investors, many experts say proof of stake is a better, more efficient way to operate a blockchain network. "Both proof of work and proof of stake are mechanisms used across these networks to verify transactions," says Adam Blumberg, CFP, co-founder and president of Interaxis, a firm that educates financial advisors about crypto assets. "However, for financial systems, proof of stake works better." Here's a look at proof of stake versus proof of work and what it means for investors. What Is Proof of Work and How Does It Work? Proof of work (PoW) has been a part of the crypto market from its earliest days, having been built into the bitcoin blockchain when it launched in 2009. In practice, proof of work means that as transactions are added to a given blockchain network, other computers within the network must validate and approve of them before new blocks are created and entered into the blockchain.   Proof of work requires computers to solve cryptographic puzzles, putting in "work" to be rewarded the ability to verify, or validate, transactions on the blockchain. It's called cryptocurrency mining, and it's similar to a competition. The idea is that through a long string of numbers and letters, called hashes, it's possible to stave off malicious attacks and verify that a transaction is valid. When someone puts data through a function on the network, which is the basis of transactions on the blockchain, it can only generate one hash.  So, when transactions (like transfers of a bitcoin to another person) happen on the blockchain, the resulting hash is distributed across the entire network. Any change to the hash by tampering would be noticed and rejected.  Proof of work provides a way for the blockchain to remain "trustless," meaning no third-party is necessary to verify or manage the transactions. "Proof of work, especially the way it's used for the bitcoin network, is kind of the ultimate in developing an asset," Blumberg says. "Someone had to put in time and effort and sometimes its the conversion of literal energy to value. That's what makes it so powerful as an underpinning of bitcoin's value." What Is Proof of Stake and How Does It Work? On the other hand, proof of stake (PoS) relies on validators who own the coins associated with the blockchain. With proof of stake, a validator is chosen randomly, based in part on how many coins they have locked up in the blockchain network, also known as staking. The coins act as collateral and when a participant, or node, is chosen to validate a transaction, they receive a reward. Proof of stake requires multiple validators to agree that a transaction is accurate, and once enough nodes verify the transaction, it goes through.  "Proof of stake is much more energy efficient," Blumberg says. "There's not enough energy in the whole world to power a decentralized finance ecosystem on the scale that ethereum and other blockchains want." Part of the challenge of proof of stake vs proof of work is maintaining the security and decentralization offered by PoW when using PoS. Blumberg points out that in order for decentralized finance (DeFi) to be viable long-term, the PoS model needs to offer security and speed and allow for real-time transactions. Pros and Cons of PoW Proof of work is a more decentralized way of validating transactions on a blockchain because it requires more computers and participants across the network to review and approve of transactions. To many crypto purists and enthusiasts, the more decentralized the better.  But on the other hand, more computers means more energy use. The environmental impact of cryptocurrency mining has drawn more interest and scrutiny over the past year or so as more people have been drawn to the industry. The complexity and higher barrier to entry is largely by design, and has the effect of preventing hacks and attacks, another bane of the crypto market.  At the end of the day, proof of work means slower speeds and more potential for negative environmental impact, which has limited its appeal in the crypto industry. "It's just not practical for some of the use cases for the blockchain," Blumberg says. Cons Slower transaction speeds Higher costs to validate transactions Higher energy consumption Pros and Cons of PoS Proof of stake offers key advantages compared to proof of work, experts say. Its faster transaction speeds and more efficient energy requirements allow for blockchains that are more scalable and thus easier to find more adoption among new users. On top of that, proof of stake provides opportunities to earn more crypto. You can lock up your coins in a liquidity pool and receive rewards in the form of more coins. This offers more opportunities to earn money and integrate into a financial system on a proof of stake network than on a proof of work network.  Though the rewards can sometimes be lucrative, experts recommend taking extra caution in what cryptocurrencies you invest in. Because the market is still in its infancy, many cryptos — especially smaller altcoins that might offer bigger staking rewards — have more potential to collapse and fall. Proof of Work vs. Proof of Stake Energy Consumption Energy consumption is much higher with proof of work than with proof of stake. The bitcoin network alone, for example, uses as much power as an entire country like Malaysia or Sweden, according to data from the Cambridge Center for Alternative Finance.  Part of that has to do with the fact that PoW requires more advanced equipment. Some bitcoin miners use large, elaborate computing systems to do the work.  Proof of stake requires much less energy and no specialized equipment. As a result, it is considered a more environmentally-friendly alternative to proof of work. The Ethereum Foundation says its switch to PoS will result in a network that uses nearly 100% less energy. Blockchains That Use Proof of Stake or Proof of Work The most prominent blockchain platform that uses PoW is Bitcoin. However, other blockchains like Bitcoin Cash, Dogecoin, Monero, and Litecoin also use proof of work.  Ethereum is also a PoW blockchain, but only for the time being. Ethereum has built a PoS blockchain it calls Beacon and will be merging its current Mainnet chain with Beacon to shift to a proof of stake model. In the end, Blumberg thinks that both PoW and PoS will continue to be used, along with other alternatives like Solana that add a mechanism called proof of history to validate transactions.  "Proof of work has its place and Bitcoin will keep being important," Blumberg says. "But you can't build a financial system on proof of work. For all of that, you need proof of stake and proof of history." What Does It All Mean for Crypto Investors?  For the casual crypto investor, the difference between proof of work and proof of stake isn't as important as many other core metrics and considerations. Things like trading history, market capitalization, and price provide more valuable information to investors looking to make smart decisions about what cryptos to invest in or to take a pass on.  Experts say the smartest way to invest in cryptocurrency is to keep it to less than 5% of your overall portfolio, and not to invest if it will get in the way of building and maintaining a solid emergency fund, or if it will prevent you from paying down high-interest debt like credit card or personal loan debt.  Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81281 Powered by Jetpack

chefmatthew987 posted: " Solana [SOL] algorithmic stablecoin, Nirvana was recently the subject of a $3.5 million exploitation. On Thursday (28 July), it announced via its official Twitter page that it had lost some of its reserves to a flashloan attack. What we know so far: " NYC Crypto Why Solana [SOL] hiked at the back of Nirvana flash loan exploit – Coin-News24.com chefmatthew987 Jul 30 Solana [SOL] algorithmic stablecoin, Nirvana was recently the subject of a $3.5 million exploitation. On Thursday (28 July), it announced via its official Twitter page that it had lost some of its reserves to a flashloan attack. What we know so far: Nirvana has been maliciously hacked and the reserves have been stolen. A flashloan attack was used to steal money. This is not the fault of Solend, but an exploit of Nirvana's program.https://t.co/NkmtHAbAAa — Nirvana Finance (@nirvana_fi) July 28, 2022 The attack led to a massive dump of the Nirvana native token ANA. Consequently, the coin dipped from $8.65 to $1.23 on the day Nirvana Finance made the announcement. At press time, ANA had lost another 15.79% as per CoinMarketCap, as it traded at $1.12. Many would have expected the SOL price to plunge with the hack. However, nothing of such happened. In fact, it followed the crypto revival to hit 8.32% in the last 24 hours to trade at $43.06. Despite the uptick, SOL was still 83.53% away from its all-time high (ATH). How it went… According to data from CryptoQuant, Solana's trading volume increased 23.3% from the previous day. Its thirty-day increase stood at 24.19%, which is a little low compared to its counterparts. Source: Crypto Quant Santiment data also revealed that the SOL market cap followed its price rise. At press time, it was $21.95 billion. Additionally, the hack was supposed to affect development activity on the Solana chain. Interestingly, it did not go that way as the metric rose from 21 to 22.  Source: Santiment Strong signs! While ANA looks to have lost its hold on survival, SOL was showing solid signs of keeping its green candles. Its four-hour chart showed that it has strong support at $43.02. Also, the Relative Strength Index (RSI) indicated that SOL could maintain its rally as it neglected the overbought and oversold levels.  Source: TradingView The alt has maintained a good level in favor of the buyers despite the setback. Nirvana becomes the latest stablecoin to face problems after the massive crash of Terra's UST. Initially, no other update was presented to the public. However, Nirvana looks to be in a desperate position. The community appealed to the perpetrators via the same Twitter channel to return the stolen assets.  It also revealed that it was working towards finding the hackers with a bounty offer to anyone with genuine information while opening doors for dialogue. It said, "Be aware your CEX connected wallet has been flagged and we are working with a variety of resources to uncover your identity, recover the stolen funds, and make our community whole. Please accept this good faith request and return our treasury for the good of the whole Nirvana community." Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81279 Powered by Jetpack

chefmatthew987 posted: " This is an opinion editorial by Bob Burnett, the founder and CEO of Barefoot Mining.It would be fair to say that I entered the world of bitcoin mining through the backdoor. Prior to 2017, I'd had limited exposure to Bitcoin. That changed when I was app" NYC Crypto In Order To Be Successful, Bitcoin Miners Face A Trilemma Of Variables chefmatthew987 Jul 30 This is an opinion editorial by Bob Burnett, the founder and CEO of Barefoot Mining. It would be fair to say that I entered the world of bitcoin mining through the backdoor. Prior to 2017, I'd had limited exposure to Bitcoin. That changed when I was approached by an acquaintance who needed access to a large volume of Ethereum mining equipment. Since I'd spent the majority of my 30-year career in the personal computer industry, he was hoping I'd be able to leverage my network to get access to the scarce GPUs needed and to design an enterprise-class server to house them. My team and I were able to do this, which was the catalyst for the creation of Barefoot Mining, the company I now run. (Note to all Bitcoiners: We soon shifted our focus to Bitcoin-only and became the U.S. distributor for Bitfury.) In 2017, "crypto" was hot. Therefore, finding investors to put capital into mining ventures was not very difficult and competition for energy sources to support the mining sites of the time was relatively low. So, access to mining equipment was the key enabler to enter the market. For Barefoot Mining, we had solved this difficult portion of the equation and because capital and energy were fairly easy to find, we were able to evolve to also running hosting and mining centers. Early in 2018, the industry entered a "crypto winter" and the dynamics quickly shifted. Investor interest cooled while energy sites remained plentiful and access to mining equipment eased. The mining industry remained in this state until the latter portion of 2020 when the price of bitcoin rose and the market dynamics pivoted quickly. Based on this catalyst, new capital flowed into the market and mining equipment supply lines tightened almost instantly. For the first time, miners started to see scarcity in energy markets. Watching and living through these changes revealed a pattern to me which I now call the "Miner's Trilemma." The first axiom of the Miner's Trilemma states, "In the Bitcoin mining business three variables — capital, energy and mining equipment — will always be in play, and at least one of them will always be difficult to obtain." A visual representation of the market and the Miner's Trilemma during the most recent bull run is shown in the graphic below: (Graphic/Bob Burnett, Barefoot Mining) This contrasts with the present market conditions (graphic below) in which capital availability has dried up, while mining equipment and pricing have loosened tremendously. Energy site access remains in roughly the same, somewhat difficult state. This illustrates the second axiom which states "when one of the three variables moves from a difficult state to an easy state, at least one of the variables in an easy state will move to a difficult state." (Graphic/Bob Burnett, Barefoot Mining) The importance of the Miner's Trilemma is that it gives an excellent set of rules to determine the likelihood of success for a mining business. Most mining companies, mine included, started with an advantage in one of the three key variables, but long-term success and growth requires the ability to pivot and continually solve for difficult variables. So, if you are thinking of starting a mining business, investing in a private mining venture or buying stock in a public mining company, make sure you examine the ability of that entity to solve the Miner's Trilemma regardless of how the difficulty shifts. If they possess a solution for each of these, then there is a business foundation upon which a competent and experienced management can execute. Lack any of these three and the company will ultimately face a massive survival test. This is a guest post by Bob Burnett. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc. or Bitcoin Magazine. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81277 Powered by Jetpack

chefmatthew987 posted: " Despite bearish market conditions and the ongoing Ripple lawsuit, the XRP community continues to maintain high optimism toward the XRP price. At the center of discussion in the XRP community is Jimmy Vallee, CEO of Valhil Capital, and his buy-back pri" NYC Crypto XRP Community Predicts Extremely Favorable Price with Anticipated Release of Smart Contracts on XRPL chefmatthew987 Jul 30 Despite bearish market conditions and the ongoing Ripple lawsuit, the XRP community continues to maintain high optimism toward the XRP price. At the center of discussion in the XRP community is Jimmy Vallee, CEO of Valhil Capital, and his buy-back price prediction of $35,000 for the seventh-largest cryptocurrency. An XRP user, "IanG," instead believes XRP might reach $50,000. https://t.co/oajvkWZG30 — Digital Perspectives (@DigPerspectives) July 10, 2022 The predictions were surely met with some measure of skepticism. Crypto user "Jon Good," also referring to Valhil Capital's CEO's comments, tweeted in response, "For all of you saying this isn't possible. Please research ISO20022 and the new payment ecosystem that is coming to our globe. He (Jimmy Vallee) is simply saying for XRP to be the cross-border payment token that it is, each coin must be equivalent to the assets that it is moving." He added, "If this is the case, XRP must be set at a price. Market cap and bull/bear runs won't matter anymore for XRP. I'm not believing it till I see it, but I'm hopeful based on my extensive research on what is coming in the new ecosystem." Two years ago we embarked on a journey to design smart contract features for the XRP Ledger. July 30th, 2020, we published a blog with the title "XRPL Labs is working on the "HOOKS" amendment for the XRP Ledger. Supporting business logic integration for developers." pic.twitter.com/SNVVJu8ixv — XRPL Labs (@XRPLLabs) July 8, 2022 Amid the dragging on in the Ripple SEC lawsuit, optimism remains following increased use cases of XRPL. As reported by U.Today, Ripple partner Peersyst Technology recently announced the launch of Colombia's first National Land Registry on top of the XRPL blockchain. Ads At the time of publication, XRP was changing hands at $0.35. Smart contracts set to debut on XRPL According to XRPL developer Wietse Wind, XRP Ledger now has a testnet offering smart contracts. XRPL Labs stated that it launched Hooks Testnet V2 a few months ago. It also unveiled the Hooks Builder—a web-based development environment that allows devs to build, test, deploy, trigger and debug Layer 1 smart contracts on XRPL. Still sinking in that the XRP Ledger now has a testnet offering smart contracts. Real ones. Layer one. By community devs, zero Ripple developers involved. Guess it's time to educate the crypto space that some of the FUD really makes no sense. Build: https://t.co/rFju5HQCGD pic.twitter.com/vFBh60goeM — WietseWind - XUMM @ XRPL Labs (@WietseWind) July 9, 2022 The initiative came about as a result of work that began two years ago, according to a series of tweets by XRPL Labs. The action is part of its aim to make XRP Ledger compatible with smart contracts. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81275 Powered by Jetpack

chefmatthew987 posted: " Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion. In June, Bitcoin posted a low of $17.8k on the charts. In July, Bitcoin followed that development up" NYC Crypto THETA presents buying opportunity on a pullback after… – Coin-News24.com chefmatthew987 Jul 30 Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion. In June, Bitcoin posted a low of $17.8k on the charts. In July, Bitcoin followed that development up with a higher low formed at $18.7k. Over the past month, Bitcoin has continued to set higher lows. Just as importantly, the price also broke the $22k barrier earlier this month. This broke the bearish market structure in a medium time frame and set up a path for Bitcoin to push higher. Theta Network's token has traded within a range while Bitcoin moved higher. However, in the past couple of weeks, THETA showed bullish intent as it rose above the $1.3 mark. THETA- 1-Day Chart Source: THETA/USDT on TradingView On the daily timeframe, it was clear that THETA was in a strong bearish trend, especially in April and May. In June and July, the price was able to form an accumulation pattern, a rectangle bottom, between $1.06 and $1.51. The mid-point of this range lay at $1.29. The range pattern's highs and lows were respected as resistance and support since mid-May. The mid-point of the range has also acted as crucial resistance on multiple occasions. Therefore, a retest of the mid-range mark could offer a decent buying opportunity targeting $1.5-$1.55. THETA- 4-Hour Chart Source: THETA/USDT on TradingView On the 4-hour chart, the past few days have seen a wild THETA pump from $1.15 to $1.45, before a quick rejection at the most recent trading session at press time. During this timeframe, THETA had a bullish outlook. It targeted the range highs at $1.5. It must be remembered that a good chunk of this move has already played out. Yet, profitable trades can still be found for THETA over the next few days. The entire area from $1.35-$1.3 can be expected to act as support. Therefore, upon a pullback, a relatively low-risk long trade can be entered, with a stop-loss below the $1.23-$1.25 zone. Source: THETA/USDT on TradingView The moving averages were on the verge of forming a bullish crossover. The 21-SMA (orange) was just beneath the 55-SMA (green) and climbing on the price chart. The RSI reached overbought territory as well when THETA reached resistance at $1.45-$1.5. This forced a pullback, but the buying pressure was not yet halted. The CMF was well above the +0.05 mark to highlight heavy capital flow into the market. The OBV has also climbed in the past week. It set higher lows alongside the price during the past three weeks as well. This finding showed steady demand behind THETA's rally from the $1 level. Conclusion The volume indicators showed a good amount of buying was present behind the strong surge higher for THETA. Momentum also continued to favor the bulls. The $1.35-$1.3 zone can be monitored to enter long positions, targeting a move to $1.5. If Bitcoin can break past $24.5 and reach the $26k resistance, a move as high as $1.6 could also materialize. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81273 Powered by Jetpack

chefmatthew987 posted: " The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has published a video explaining how the agency plans to regulate crypto exchanges. "I've asked our staff to work directly with the platforms to get them registered" NYC Crypto SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms – Regulation Bitcoin News chefmatthew987 Jul 30 The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has published a video explaining how the agency plans to regulate crypto exchanges. "I've asked our staff to work directly with the platforms to get them registered and regulated," the SEC chief revealed. SEC Chairman Gary Gensler's Video About Regulating Crypto Exchanges U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler published a video Thursday explaining how the securities watchdog plans to regulate crypto exchanges and provide investor protection. Gensler explained in the video the similarities and differences between crypto trading platforms and traditional exchanges like the New York Stock Exchange (NYSE). "When you trade on a stock market, you have certain protections," he began, adding that investors are "protected against fraud, manipulation, running, and the like." Noting that crypto platforms serve "millions, sometimes tens of millions" of retail customers who are directly buying and selling crypto assets without going through a broker, the SEC chairman detailed: "With so many retail customers trading on crypto platforms, we should make sure that those platforms offer similar protections" to traditional security platforms. He added: So I've asked our staff to work directly with the platforms to get them registered and regulated to ensure that those crypto tokens come in as well and register where appropriate as securities. "Imagine handing over all of your stock to the New York Stock Exchange, that would never fly," he noted, reiterating: "Thus, I've asked staff how to work with platforms to best ensure your assets are protected." Gensler then brought up another risk factor inherent to crypto exchanges. "Unlike traditional securities exchanges, crypto trading platforms also may act as market makers," he described. "When you sell your tokens, one of the platforms may actually be buying on the other side," the SEC chairman stressed, elaborating: Stock exchanges don't do this, they don't serve as their own market makers because that creates inherent conflicts of interest. "Thus again, I've asked staff to consider whether it would be appropriate to segregate out the market-making functions on these crypto platforms," he said. In conclusion, the SEC chairman stressed: "There's no reason to treat the crypto market differently just because a different technology is used. That would be like saying drivers of electric cars don't need seat belts because they don't use gas." He also tweeted Thursday: "We have rules in our capital markets to safeguard market integrity & protect against fraud & manipulation. If a company builds a crypto market that protects investors & meets the standard of our market regulations, people will more likely have greater confidence in that market." Gensler's video received some criticism on Twitter. Some people accuse Gensler of spending time and resources promoting himself instead of doing his job regulating the crypto sector. Others slammed the SEC for using an enforcement-centric approach to regulating crypto assets. Congressman Bill Huizenga (R-MI) tweeted to Gensler, "The SEC should stop using regulation by enforcement to provide 'clarity' in the marketplace," elaborating: No exchange wants to 'come in and register' without knowing what those market regulations are. Last week, the regulator charged a former Coinbase employee in an insider trading case, naming nine crypto tokens as securities in the process. What do you think about the video by SEC Chairman Gary Gensler on regulating crypto exchanges? Let us know in the comments section below. Kevin Helms A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. More Popular News In Case You Missed It Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81271 Powered by Jetpack

chefmatthew987 posted: " No Result View All Result © Copyright 2022. The Coin Republic Are you sure want to unlock this post? Unlock left : 0 Yes No Are you sure want to cancel subscription? Yes No " NYC Crypto Canaan Ready to Step-in the U.S. Cryptocurrency Mining Grounds chefmatthew987 Jul 30 No Result View All Result © Copyright 2022. The Coin Republic Are you sure want to unlock this post? Unlock left : 0 Are you sure want to cancel subscription? Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81269 Powered by Jetpack

chefmatthew987 posted: " The family of late Nollywood actress, Ada Ameh have released a statement to announce the date of her funeral ceremony. Ripples Nigeria reported her demise a couple of weeks ago. According to reports gathered, Ameh was said to have been a guest of an " NYC Crypto Family of late actress, Ada Ameh announces funeral date chefmatthew987 Jul 30 The family of late Nollywood actress, Ada Ameh have released a statement to announce the date of her funeral ceremony. Ripples Nigeria reported her demise a couple of weeks ago. According to reports gathered, Ameh was said to have been a guest of an oil company tooshot and his family when she suddenly collapsed. Giving an update on her burial rites, Abahi Ameh, Ada Ameh's younger sister who spoke on behalf of the family revealed that the actress would be buried in August. According to her, August 25th and 26th had been slated for her burial. Abahi appreciated the Actors Guild of Nigeria and other bodies who had stood with them during the trying times. Read also:Ada Ameh: 10 things to know about the Johnsons actress Read the statement below; "Good morning everyone, My name is Abahi, I am Ada Ameh's younger sister. I want to thank you all for standing by us. We are a large functional family." The statement reads further; "We can't be wiped off. "My husband and I decided to take this initiative to collaborate with her to give announcements and a few people misinterpreted our intention. "There is a lot we have seen in the past week that we are not comfortable with. "Plans for her burial are ongoing. We have fixed the burial date for 25th and 26th of August, 2022". Watch Ada Ameh's younger sister make the announcement below. Join the conversation Opinions Support Ripples Nigeria, hold up solutions journalism Balanced, fearless journalism driven by data comes at huge financial costs. As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake. If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause. Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development. Donate Now Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81267 Powered by Jetpack

chefmatthew987 posted: " Created by a custom generative algorithm and housed on the Ethereum blockchain, the Meebits NFTs collection comprises 20,000 unique 3D voxel characters. Launched in May 2021, with a market capitalization of $832.8 million, the NFT collection enjoys 3" NYC Crypto A to Z of Meebits NFT collection investors should know before selling – Coin-News24.com chefmatthew987 Jul 30 Created by a custom generative algorithm and housed on the Ethereum blockchain, the Meebits NFTs collection comprises 20,000 unique 3D voxel characters. Launched in May 2021, with a market capitalization of $832.8 million, the NFT collection enjoys 3.2% of the total NFT market capitalization of $23 trillion.  Also, with an all-time trading volume of $9.73 billion, Meebits leads the entire market with a 19.37% market share of the total $61.22 billion trading volume. This has caused it to earn its spot as a "Blue-Chip" NFT collection. According to data from Santiment, the Meebits NFT contract address has seen a spike in its interactions and transactions this week. Both metrics have touched the highest levels yet since February. How has the NFT collection performed in the last seven days? Meebits is up As per data from CryptoSlam, with $6,035,899.79 totaled in sales volume in the last 29 days, the Meebits collection has seen a 46% uptick in sales volume from the $3,207,926.51 registered in June. Source: CryptoSlam According to data from NFT Price Floor, the collection's price floor stood at 5.1 ETH at press time. On a 7-day window period, this has grown by 8%. In the last 24 hours, the price floor of Meebits was up 15.25%. Source: NFT Price Floor Further, in the last seven days, the number of sales and purchase transactions for Meebits totaled 367, according to data from NFTGo. Within that period, $1.79 million was recorded in total sales volume. With this figure, the number of transactions to buy or sell the Meebits NFTs in the last seven days grew by 40.08%. Similarly, in the same period, data from NFTGo showed that the number of transactions to send or receive NFTs contained in the Meebits collection logged a 7.92% uptick. A total of 218 transfer transactions were recorded in the last seven days.  Source: NFTGo Come and buy my Meebits Within the period under review, the blue-chip NFT collection managed a 27.03% uptick in the number of unique addresses that bought NFTs at least once from the collection. In the last seven days, 171 unique addresses snagged at least one Meebits.  Conversely, the number of unique addresses that sold NFTs at least once from the Meebits collection also saw a 27.59% increment within the period under review.  Interestingly, despite the uptick in the number of sellers and buyers of the NFTs in the last seven days, a 0.11% decline was registered in the number of unique addresses that currently hold at least one NFT from the collection. Source: NFTGo Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81265 Powered by Jetpack

chefmatthew987 posted: " Three renowned Senators Dick Durbin, Elizabeth, and Tina Smith came together for critiquing Fidelity's 401(k) retirement scheme.   Senator Dick Durbin of the United States has joined the Labour Department and colleagues Elizabeth Warren and Tina Smith" NYC Crypto Dick Durbin Joins US Senators in Critiquing Fidelity's 401(k) Bitcoin Plan chefmatthew987 Jul 30 Three renowned Senators Dick Durbin, Elizabeth, and Tina Smith came together for critiquing Fidelity's 401(k) retirement scheme.   Senator Dick Durbin of the United States has joined the Labour Department and colleagues Elizabeth Warren and Tina Smith in raising the issue of a fidelity investment plan offering BTC (bitcoin) as an investment option for its 401 (K) managed accounts. Abigail Johnson, CEO of Fidelity Investments, is addressed with a letter that criticizes the decision taken by the investment company to offer workers the opportunity to invest in such an untested, highly volatile digital asset like Bitcoins. Fidelity Investments, a financial services provider based in the United States, announced in the first quarter of 2022 that it would allow investors to invest BTC into a 401(k) retirement scheme until the end of 2022, with a cap of 20% BTC held on an account value. Elizabeth Warren, in alliance with Tina Smith, has signed a similar letter questioning fidelity investment about the " rightness" of its plan. The Labour Department has raised its concern in both letters, seeking information about the rightness of the token as a store of value. "We have grave concerns with what Fidelity has done." In an interview with The Wall Street Journal in April 2022, Ali Khawar,(assistant secretary) of the Employee Benefits Security Administration, mentioned that both the letters replication issue raised by the Labour Department about the rightness of digital assets as a store of value as well as " We have grave concerns with what Fidelity has done." During a comment session, the official spokesperson of the company mentioned that Fidelity Investment is " proud of the Digital Assets Account as a responsible solution to meet the demands of mainstream interest." And this fall, the company is planning to launch its first plan. The spokesperson mentioned that Fidelity Investments is looking forward to working directly with policymakers to answer their questions. Also Read: Ifancythat – shop your favorite retail, travel, and leisure brands with crypto The retirement account of Fidelity Investments consists of a large share of the retirement fund market. During the first quarter of 2022, the account held around $2.4 trillion in assets in 401(k), which is around three-quarters of the current market. The letter comes into the limelight at a time when Congress is showing its keen interest in cryptocurrencies. And as of July 27th, 2022, three different hearings on different points of the crypto industry.  These three hearings were under the mentorship of three different committees, and they are the Senate Judiciary Committee, the Senate Banking Committee, and the House Financial Service Committee. Earlier, Dick Durbin appealed to USS regulators to "Learn the truth" about the crypto sector, and Durbin also blamed crypto-mining operations and posted on Twitter that "Families and businesses in America will have to pay the price of crypto mining happening." Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Latest posts by Steve Anderrson (see all) Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81263 Powered by Jetpack

chefmatthew987 posted: " Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. In the past few days, Bitcoin was able to defend the $20.8k support level and rapidly climbed from those lows to tra" NYC Crypto XRP traders can buy at this range with stop-loss below $0.36 chefmatthew987 Jul 30 Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. In the past few days, Bitcoin was able to defend the $20.8k support level and rapidly climbed from those lows to trade at $23.8k at press time. The $20k area was seen as crucial support, and even though bears threatened to push it lower, they were unable to. This in turn enabled XRP to see a bullish period over the past couple of weeks. It traded right beneath a resistance level at the time of writing, but there was evidence of steady demand in recent weeks behind XRP. XRP- 1-Day Chart Source: XRP/USDT on TradingView The higher timeframe picture was heavily bearish for XRP. The asset has shed 58% of its value in the market in four months. The downtrend has persisted but in mid-July, XRP was able to break the previous lower high of the downtrend at $0.368. It has not advanced much from this area, but over the past month, the $0.31-$0.32 demand zone was defended. Moreover, the buyers were able to force a rally to the $0.37 resistance as well. This suggested that in the next two weeks to a month, XRP could flip $0.37 to support and establish a range. Since mid-June, it can be argued that XRP has ranged from $0.36-$0.31. At press time it appeared to be on the verge of a breakout. Rationale Source: XRP/USDT on TradingView So which was it, resistance at the range highs or a breakout past $0.37? The RSI and the OBV on the daily chart helped shed some light on that. It can be seen that the RSI was able to climb above neutral 50 and stay above 45 as well. The recent pump from $0.33 saw the RSI climb to stand at 59, which indicated significant bullish momentum. Furthermore, the RSI above neutral 50 also indicated an uptrend in progress. The Stochastic RSI was also climbing toward the overbought territory, another small sign of upward momentum. Far more important than the Stochastic RSI, the OBV formed higher lows in the past couple of months. It broke above resistance from May in the past few days as well. Conclusion The daily OBV and RSI showed that a continuation of the move upward can be expected. To the north, $0.42 and $0.45 are important resistance levels to watch out for. On lower timeframes, a retest of the $0.37 area as demand can be used to buy XRP, with a stop-loss below the $0.36 mark. Credit: Source link The post XRP traders can buy at this range with stop-loss below $0.36 appeared first on Coin-News24.com. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81261 Powered by Jetpack

chefmatthew987 posted: " By John Cahill (July 29, 2022, 5:37 PM EDT) -- New York is poised to become the first state to ban blockchain technology infrastructure. A New York Senate bill, S.B. 6486D, would place a two-year pause on new crypto mining operations that run p" NYC Crypto NY Crypto Moratorium Would Provoke Miner Exodus – Law360 chefmatthew987 Jul 30 By John Cahill (July 29, 2022, 5:37 PM EDT) -- New York is poised to become the first state to ban blockchain technology infrastructure. A New York Senate bill, S.B. 6486D, would place a two-year pause on new crypto mining operations that run proof-of-work authentication methods to validate blockchain transactions. Miners within the state would also be prohibited from obtaining new or renewed permits. Aside from the moratorium, the bill requires a full generic environmental impact statement of crypto mining operations to be completed within one year of its passage.[1] The pressure from opponents of bitcoin mining will almost certainly lead to an exodus of crypto mining operators in New York. The price... Stay ahead of the curve In the legal profession, information is the key to success. You have to know what's happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition. Access to case data within articles (numbers, filings, courts, nature of suit, and more.) Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc. Create custom alerts for specific article and case topics and so much more! TRY LAW360 FREE FOR SEVEN DAYS Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81259 Powered by Jetpack

chefmatthew987 posted: " The Graph is described as an indexing protocol built to provide data on blockchain networks, storage networks, and P2P platforms. Through the use of "subgraphs," anyone can extract data from a blockchain, process it, and store it so it can be easily q" NYC Crypto The Graph: Trade perspective of how GRT fared in Q2 2022 – Coin-News24.com chefmatthew987 Jul 29 The Graph is described as an indexing protocol built to provide data on blockchain networks, storage networks, and P2P platforms. Through the use of "subgraphs," anyone can extract data from a blockchain, process it, and store it so it can be easily queried via GraphQL. According to a new report, Messari reviewed the performance of the decentralized protocol in the last quarter. The blockchain analytics firm considered the protocol's active subgraphs, the network's revenue in query fees, and the activity of the network's indexers, delegators, and curators. So let's take a look at the findings contained in the report. Active subgraphs on the network Upon its launch, The Graph initially deployed a free hosted service wherein required subgraphs by leading projects in the Web3 ecosystem could be obtained. In Q1 2021, The Graph launched its first subgraph on the mainnet. Thus, making the protocol "a hybrid of its hosted service and decentralized mainnet" as per Messari. According to Messari's report, the protocol had 392 active subgraphs in the last quarter on the decentralized mainnet. This represented a 24% spike from the index recorded in Q1 2022. On a year-over-year (YoY) basis, active subgraphs on The Graph's mainnet have grown by 2,350%.  As for the protocol's hosted service, Messari found that it supported over 24,000 subgraphs in the last quarter.  Source: Messari Network's revenue in query fees As opposed to its free hosted service, obtaining data from the protocol's decentralized mainnet comes with a fee. These fees are often referred to as "query fees."  Because query fees are priced in USD but paid in the protocol's native token, Messari found that "query fee revenue earned in GRT is affected by both network activity and GRT price volatility." According to Messari, in the last quarter, "Revenue from query fees increased 36x in GRT terms in Q2 2022 relative to the previous quarter. The increased subgraph usage somewhat offset the GRT price drop in USD terms. With more subgraphs migrating to the mainnet, query fee activity should continue to increase for at least the next two quarters. This may further lead to increased revenue in GRT terms." Source: Messari Additionally, to ensure that The Graph runs efficiently, the protocol has indexers (who operate the nodes on the Network), delegators (who delegate the GRT token to indexers, entitling them to a portion of the indexer's query fees and rewards), and curators (who determine the subgraphs that The Graph Network should index). According to Messari, in the last quarter, the number of indexers on the network grew by 7%. Delegators grew by 6% and curators by 4%. Source: Messari GRT token in Q2 At the beginning of the quarter, the price of GRT was pegged at $0.48. However, in the 90-day period under review, the token's price declined steadily to be at $0.92 at the end of the quarter. In that period, the token dropped by 80%. Within the same period, GRT's market capitalization dropped from $2.28 billion to $635.07 million. Source: Santiment Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81257 Powered by Jetpack

chefmatthew987 posted: " Ethereum Classic was up about 60% on Friday as several altcoin prices ended the week on a high note. - Photo: Shutterstock Altcoin prices ended the week on a high note Friday following a bad start.Several top-100 coins posted huge gains compared t" NYC Crypto Crypto market wrap: Altcoin prices end week on a high note chefmatthew987 Jul 29 Ethereum Classic was up about 60% on Friday as several altcoin prices ended the week on a high note. - Photo: Shutterstock Altcoin prices ended the week on a high note Friday following a bad start. Several top-100 coins posted huge gains compared to seven days earlier, and most cryptocurrencies were up for the third straight day after the week began with two days of consecutive declines. However, the market saw more choppy trading Friday than it had in the previous 48-hour period. ETC to USD Ethereum Classic price explodes Ethereum Classic ((ETC) exploded about 60% from a week earlier. (All figures based on CoinMarketCap data.) ETC's gains appeared to reflect investors' enthusiasm for Ethereum's next hard fork, known as the Merge whereby the blockchain will convert to a proof-of-stake (POS) crypto mining mechanism from a proof-of-work (POW) mechanism, which is extremely energy-intensive. The Merge will integrate Ethereum's main network with the Beacon chain. Plans call for the merger to be completed in September. ETH to USD Increase sparks intense debate ETC was Ethereum's original coin prior to the blockchain's hard fork in 2016, when ether ((ETH) became the network's top cryptocurrency. Ethereum Classic's sharp increase in advance of the Merge has sparked some intense debate among investors about its long-term value. It will still be possible for crypto miners to produce and market ETC through the POW mechanism after the Merge. ETC was bolstered by a $10m investment this week from AntPool, a mining pool affiliated with giant crypto miner Bitmain Technologies. (A mining pool is a group of miners who combine their computational resources to improve the probability of find a block and mining more crypto, according to Investopedia.) BCH to USD Some analysts skeptical But some analysts are skeptical about ETC's future. "This [AntPool expenditure] seems like a trade more than an investment," Thomas Dunleavy, a senior analyst at crypto research firm Mesari told Bloomberg. "I don't think Ethereum Classic has any long-term viability." Weiss Ratings cryptocurrency analyst Alex Benfield believes that ETC has risen, at least in part, because investors can not tell it apart from ether. "In my opinion many people confuse ETC with ETH and a lot of the trading action stems from this sort of confusion," Benfield told Capital.com. What is your sentiment on BCH/USD? Vote to see Traders sentiment! Market sentiment: You voted bullish. You voted bearish. Give BCH/USD a try Start trading or Try demo Ether closed the week up more about 13%.   Mid-pack coins post big gains Some relatively unknown, middle-of-the-pack coins also posted large weekly gains. Oasis (ROSE) was up about 51% as conventional markets closed in North America, after rising about 30% on the day. Meanwhile, bitcoin gold (BTG), quantum (QTUM) and ravencoin (RVN) were also up more than 40% Synthetix (SNX) ended its strong week up about 33%, although the coin was down for the day. As Capital.com reported this week, Ethereum also plays a key role in the production of synthetix. UNI to USD Bitcoin exceeds $24,000 Bitcoin (BTC) finished the week slightly below $24,000 after surpassing that mark periodically on Friday, and ETH was above $1,700. Bloomberg reported that both coins are due to post their best monthly performances since 2021. Investors have breathed easier since the US Federal Reserve (Fed) followed through on an expected 0.75% interest-rate hike on Wednesday. Some analysts believe that, due to an economic slowdown that some analysts have called a technical recession, the Fed will ease up on interest-rate hike over the rest of the year, giving investors more incentive to invest in risk assets like crypto. "Signs the Fed may be nearing the end of their hiking cycle have lifted all risk assets, and crypto has also benefited," Cici Lu, CEO for consulting firm Venn Link Partners, told Bloomberg. "Liquidation of leveraged positions seems to be over," she added, and "markets may have found the bottom." Read more Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81255 Powered by Jetpack

chefmatthew987 posted: " A direct remittance service has been introduced by Ripple partner QNB for fund transfer from Qatar to the Philippines, marking a historic development. It now holds the distinction of being Qatar's first bank to provide the service. To provide this ser" NYC Crypto Ripple Partners Up With QNB And China Bank To Deploy Remittance Services chefmatthew987 Jul 29 A direct remittance service has been introduced by Ripple partner QNB for fund transfer from Qatar to the Philippines, marking a historic development. It now holds the distinction of being Qatar's first bank to provide the service. To provide this service, QNB will connect with China Bank, one of the leading private banks in the Philippines, using Ripple's financial technology, "RippleNet." Ripple and QNB service focuses on easy remittance With the new service, the bank hopes to provide its customers with a simple method for sending money abroad as well as a speedy and improved cross-border money transfer choice.  The service will let users immediately transmit payments up to PHP50,000 to any bank in the Philippines. It primarily serves Filipinos living in Qatar. "QNB is our biggest partner in the MENA region and we are delighted to continuously strengthen this partnership on RippleNet to additional countries," says Navin Gupta, South Asia, and MENA Ripple, MD. Over the weekend, the on-chain analytics company Santiment reported: "Recently, XRP has been leading the #altcoin pack, and over the past week, some significant milestones have been reached.  This week, there have also been many sizable active address increases that have fired off, as well as sizable dormant token transfers." Ripple Partners up With QNB and China Bank To Deploy Remittance Services 3 The Court has entered an Order establishing July 28, 2022, as the deadline, whereby any non-parties should progress to seal portions of the Daubert Motions or else revoke objections to the Court's final decision on the Parties' sealing applications, according to the most recent updates on the Ripple lawsuit provided by defense attorney James K. Filan. The SEC's petition to submit a 10-page reply brief in conjunction with its objection to Judge Netburn's decision regarding the Hinman Speech materials was allowed, but its move to issue a 30-page opening brief was refused (limited to 20 pages).  The SEC also filed a Motion to Seal in relation to the "Daubert Motions" that were submitted on July 12 by the Ripple Defendants and the SEC. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81253 Powered by Jetpack

chefmatthew987 posted: " Polygon (MATIC) is witnessing surging network and developer activity in the second quarter of 2022 despite the ongoing crypto bear market. Polygon is a scaling solution that aims to enable the widescale adoption of decentrali" NYC Crypto Surging Ethereum (ETH) Scaling Solution Sees Rise in Network and Developer Activity Despite Crypto Bear Market – Coin-News24.com chefmatthew987 Jul 29 Polygon (MATIC) is witnessing surging network and developer activity in the second quarter of 2022 despite the ongoing crypto bear market. Polygon is a scaling solution that aims to enable the widescale adoption of decentralized apps on the Ethereum (ETH) blockchain. The Polygon chain is now home to 5.34 million unique addresses, a 12% increase from the first quarter of the year, according to the project's Twitter account. Second quarter transactions also increased by 4%, and the average cost of transactions fell by fell 49% to $0.018. Additionally, the nonfungible token (NFT) marketplace OpenSea witnessed 1.2 million new non-fungible tokens (NFTs) come online on Polygon in Q2. Developer activity is also skyrocketing: The network added an average of 1,000 new contract creators a day in Q2. That brings the project's total to 90,514, "more than triple the pace of growth" of Q1, according to Polygon. Additionally, an average of 2,700 new contracts went live on the project's chain each day. Polygon was also recently chosen by the Walt Disney Company to participate in its new 2022 Disney Accelerator program. The accelerator offers chosen companies "access to the range of creative expertise and resources of The Walt Disney Company to help them develop new entertainment experiences and products," according to the program's website. Polygon's native token, MATIC, is trading at $0.95 at time of writing. The 12th-ranked crypto asset by market cap is up nearly 10% in the past 24 hours. Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox Check Price Action Follow us on Twitter, Facebook and Telegram Surf The Daily Hodl Mix Check Latest News Headlines &nbsp Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Everyonephoto Studio/nsimsek0 Credit: Source link Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81251 Powered by Jetpack

chefmatthew987 posted: " According to a report stemming from the blockchain intelligence company Chainalysis, the firm identified 54 pro-Russian groups that have "collectively received over $2.2 million worth of cryptocurrency." The paramilitary groups in Ukraine primar" NYC Crypto Chainalysis Report Says $2.2 Million in Crypto Has Been Sent to Pro-Russian Groups in Ukraine – Bitcoin News chefmatthew987 Jul 29 According to a report stemming from the blockchain intelligence company Chainalysis, the firm identified 54 pro-Russian groups that have "collectively received over $2.2 million worth of cryptocurrency." The paramilitary groups in Ukraine primarily received bitcoin and ether donations but also got tether, litecoin and dogecoin as well, the Chainalysis study details. $2.2 Million in Crypto Sent to Pro-Russian Groups Located in Ukraine, Says Chainalysis Chainalysis believes more than $2.2 million worth of crypto assets have been acquired by pro-Russian paramilitary groups located in the Donbas region of Ukraine. More specifically, Chainalysis says the recipients were located in Donetsk and Luhansk. There's been a conflict in Donbas and the Donetsk and Luhansk regions of Ukraine for quite some time. Separatists insist Donbas declared independence from Kyiv in 2014, and pro-Russian military groups agree with the separatists' declarations. The blockchain intelligence company's study notes that it discovered roughly 54 pro-Russian groups that have obtained donations in crypto assets. Chainalysis chart from the company's report published on July 29, 2022. "Most of the cryptocurrencies donated thus far have been sent to just a few organizations in particular," the Chainalysis report explains. "However, many more have received still-considerable sums. Five organizations have received over $100,000, 17 have received over $10,000, and 35 have raised more than $1,000 worth of cryptocurrency." Since the start of the Ukraine-Russia war in February, the 54 pro-Russian entities in the Donbas region acquired $1.45 million in bitcoin (BTC) donations and $590K in ethereum (ETH) donations. "The accounts that support militias often publish pictures of the purchased equipment and descriptions of how future donations will be used," the Chainalysis report says with an accompanying picture of military equipment purchased with crypto. "Sometimes the posts even itemize the purchases," Chainalysis researchers wrote. Image shared in the Chainalysis report of pro-Russian groups sharing pictures of items allegedly purchased with crypto assets. Chainalysis Says Onchain Data Gives 'Gleaning Insights Into Pro-Russian Activities' The news from Chainalysis was published on July 29, 2022, as the Ukraine-Russia war continues with no end in sight. In recent times a specific mining study shows that Russia is a popular destination for crypto asset miners. The research published by Intelion Data Systems discovered that crypto miners are flocking to Moscow and Moscow Oblast, Karelia, and Buryatia. Furthermore, many believe that Russia, China, and the BRICS nations are targeting the U.S. dollar's perceived hegemony by crafting a new international reserve currency. Just recently both Russia and Ukraine have traded blame over a deadly attack on a prisoner of war prison in a separatist region in Ukraine. The Chainalysis report further says that funds are being sent to people listed on the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) sanctioned individuals list. For instance, "Alexander Zhuchkovsky, an OFAC-designated Russian national, has used social media to solicit donations for the Russian Imperial Movement." While the $2.2 million in crypto is a significant sum, Chainalysis researchers remark that the information is useful. "Because public blockchains are transparent, we can follow each transfer in these accounts' chains of payments, gleaning insights into pro-Russian activities that would be harder to extract from fiat money investigations," the company's report concludes. Tags in this story 54 pro-Russian groups, Bitcoin, Buryatia, Chainalysis Research, conflict, Crypto Donations, dogecoin, Donbas, Donetsk, Ethereum, Karelia, Luhansk, Moscow, Moscow Oblast, paramilitary groups, Pro-Russia, Pro-Russian Activities, Pro-Russian Groups, Russia, separatist region, separatists, Ukraine, Ukraine - Russia, War What do you think about the recently published Chainalysis report that discusses $2.2 million sent to pro-Russian groups in Ukraine? Let us know what you think about this subject in the comments section below. Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today. Image Credits: Shutterstock, Pixabay, Wiki Commons, Editorial photo credit: Kutsenko Volodymyr / Shutterstock.com Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. More Popular News In Case You Missed It Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81249 Powered by Jetpack

chefmatthew987 posted: " Article content The dry and hot weather conditions this year are exposing tangible consequences for local ecosystems, an expert in the field says. Xinyu Sun, a Queen's University PhD candidate in aquatic ecology, told the Whig-Standard that one of t" NYC Crypto Heat waves causing ripples in lake ecosystem, expert says chefmatthew987 Jul 29 Article content The dry and hot weather conditions this year are exposing tangible consequences for local ecosystems, an expert in the field says. Xinyu Sun, a Queen's University PhD candidate in aquatic ecology, told the Whig-Standard that one of the most noticeable results of an unstable climate this summer has been the rising heat, which has had an impact on lakes. "Heat waves have become more frequent, longer and more intensified than before," Sun said, explaining that research predicts this trajectory will continue into the future. Article content "Those exposed to weather conditions (during a heat wave) experience short-term but more extreme temperatures compared to typical long-term warming." This can cause acute disturbances for organisms who's temperature limit can't withstand high heat, she added. "I study zooplankton — tiny little animals that live in the water. They're the main food sources of large invertebrates and fish," she said. In her studies, Sun found that zooplankton are sensitive to drastic changes in temperature and, as a result, heat waves can cause huge decline in their presence. "They play an important role in aquatic systems … they eat algae and we expect that declines in zooplankton abundance could trigger algae bloom," she said. Algae bloom occurs when there's a rapid accumulation of algae in freshwater. The greenish substance we often see in Lake Ontario would grow excessively. "What's even worse is that some of the algae can produce toxins and release them into the water, then making the water toxic to humans and animals," Sun said. Ecosystems are very delicate, Sun said. When a species disappears, it triggers imbalance. Since zooplankton are also food for other organisms, it could cause a decline in fish and impact commercial fisheries. Such issues are difficult to navigate, according to Sun, as there isn't much we can do in terms of big changes. However, it is still important to be cognizant of one's own footprint. Climate anxiety has been affecting the mental health of the world population, especially young people growing up with alarms ringing about the future of the planet. They are mostly worried that they don't have the power to make necessary changes and pivot from catastrophe. Sun said she shares the frustration but tries to focus on what she can control. "Yes, climate change is happening, but all ecosystems are really disturbed by more than one stressor," Sun said. "Climate change is affecting these ecosystems, but we are also polluting the environment." Littering, hunting and driving excessively can strain the already fragile environment, she said. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81247 Powered by Jetpack

chefmatthew987 posted: " The news was hailed as a historic event for South American football, but it could bring unexpected consequences for Argentinian club Banfield, amid local FX restrictions. " NYC Crypto Two Soccer Teams Transfer a South American Player Using USDC, But There's Collateral Damage chefmatthew987 Jul 29 The news was hailed as a historic event for South American football, but it could bring unexpected consequences for Argentinian club Banfield, amid local FX restrictions. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81245 Powered by Jetpack

chefmatthew987 posted: " Growth in the U.S. economy slows, the yield curve inverts but markets push higher anyway. " NYC Crypto Market Wrap: Bitcoin and Other Cryptos Gain for Second Straight Week chefmatthew987 Jul 29 Growth in the U.S. economy slows, the yield curve inverts but markets push higher anyway. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81243 Powered by Jetpack

chefmatthew987 posted: " The popular community-based crypto phenomenon that began with the Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs) continues to expand. According to a forum post on the website of BAYC's affiliated digital asset ApeCoin (APE), the community has " NYC Crypto ApeCoin DAO Votes To Fund Bored Ape Yacht Club 24-Hour News Website Using APE chefmatthew987 Jul 29 The popular community-based crypto phenomenon that began with the Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs) continues to expand. According to a forum post on the website of BAYC's affiliated digital asset ApeCoin (APE), the community has just voted overwhelmingly to boost funding for an online news site called The Bored Ape Gazette. Back in mid-June, a proposal was posted to the forum seeking approximately $150,000 in annual funding for the publication through a grant from the ApeCoin decentralized autonomous organization (DAO). The proposal's author said, "We have a plan to turn the Bored Ape Gazette into a sustainable business model over the course of one year and I am requesting a grant from the community to help me accomplish this goal." Enhancements include a live ticker to track NFT artwork sales, an APE price chart and a community event calendar. The Gazette launched in June of 2021 and functions as an information source regarding all aspects of the Ape community. Topics include activity by project founder Yuga Labs, the Otherside metaverse, and new NFT creations. Yesterday a forum member with the username moonkt announced that more than 87% of the community voted to approve the additional funding. Source: ApeCoin The official ApeCoin then took to Twitter to inform its 377,000 followers that the vote had passed. "We're here to fund your ambition. Keep the ideas coming, gang." ApeCoin witnessed a strong rally throughout most of the week, at one point rising by 30.2% from $5.49 to $7.15. APE has corrected slightly, down 3.36% on the day and trading for $6.69. Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox Check Price Action Follow us on Twitter, Facebook and Telegram Surf The Daily Hodl Mix Check Latest News Headlines &nbsp Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Catalyst Labs/WindAwake Credit: Source link The post ApeCoin DAO Votes To Fund Bored Ape Yacht Club 24-Hour News Website Using APE appeared first on Coin-News24.com. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81241 Powered by Jetpack

chefmatthew987 posted: " "Monitorearemos costos para asegurarnos operar tan eficientemente como sea posible. La intención es mantener el tamaño adecuado para cualquier entidad que esté considerando una posible adquisición o una oportunidad de asociación con CoinFLEX", dijeron " NYC Crypto Exchange cripto CoinFLEX recorta equipo "significativamente" para reducir costos chefmatthew987 Jul 29 "Monitorearemos costos para asegurarnos operar tan eficientemente como sea posible. La intención es mantener el tamaño adecuado para cualquier entidad que esté considerando una posible adquisición o una oportunidad de asociación con CoinFLEX", dijeron los cofundadores Sudhu Arumugam y Mark Lamb en la publicación del blog. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81239 Powered by Jetpack

chefmatthew987 posted: " The European Central Bank (ECB) published a report on July 14 that covered many points related to Bitcoin and Ethereum mining, including energy consumption and Proof-of-Stake (PoS) as an alternative mechanism. The report, titled "Mining the environment" NYC Crypto Bitcoin mining — What are the true climate change risks? chefmatthew987 Jul 29 The European Central Bank (ECB) published a report on July 14 that covered many points related to Bitcoin and Ethereum mining, including energy consumption and Proof-of-Stake (PoS) as an alternative mechanism. The report, titled "Mining the environment – is climate risk priced into crypto-assets?," determined that Proof-of-Work (PoW) mining cannot co-exist with "the green transition" and even hinted at an EU-wide ban by 2025. To read the rest of this article, sign in or join CryptoSlate Edge. Get an Edge on the Crypto Asset Market As the crypto market is constantly changing, CryptoSlate Edge is a yearly membership oriented to helping you become a more knowledgeable investor and better decision-maker. Here's what's included in your membership: Exclusive Articles Get an analytical edge by accessing members-only articles with insights from our researchers. Private Discord Community See new articles first and be able to ask our journalists questions in our private Discord. View All Projects and Sectors Discover projects and crypto sectors with our curated data for over 50 verticals. Improved Data & Analytics See the real=time price charts, social sentiment and on-chain data in market analysis articles. Exclusive Video Interviews Get access to the exclusive recordings of our interviews with founders we use for our articles. Ad-Free Experience We hide all advertisements from Edge members for a clean experience. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81237 Powered by Jetpack

chefmatthew987 posted: " Rep. Teresa Fernandez on the ripple effects from the overturning of Roe v. Wade  WRGB " NYC Crypto Rep. Teresa Fernandez on the ripple effects from the overturning of roe v. wade chefmatthew987 Jul 29 Rep. Teresa Fernandez on the ripple effects from the overturning of Roe v. Wade  WRGB Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81235 Powered by Jetpack

chefmatthew987 posted: " Polkadot price analysis reveals that the DOT/USD pair has gained momentum and is currently trading at $7.92. The bulls have sought support at $7.55, which is likely to provide a strong foundation for further upside in the DOT/USD pair. Key resistance " NYC Crypto DOT/USD gains momentum at $7.92 chefmatthew987 Jul 29 Polkadot price analysis reveals that the DOT/USD pair has gained momentum and is currently trading at $7.92. The bulls have sought support at $7.55, which is likely to provide a strong foundation for further upside in the DOT/USD pair. Key resistance for the DOT/USD pair is seen at $8.07, which is likely to limit the upside in the near term. However, if the bulls can sustain prices above this level, we could see further gains towards the $8.50 level. The DOT/USD pair has increased in value by 1.38 percent over the past 24 hours of trading, bringing the price for each coin up to around $7.92. The token currently enjoys a market cap valuation of $7.73 billion and is the 10th-ranked cryptocurrency according to CoinMarketCap rankings. The 24-hour trading volume for the DOT/USD pair is $750 million. DOT/USD 1-day price chart: Bulls continue to dominate as Polkadot price nears $7.92 The daily Polkadot price analysis shows that the price has been on a strong uptrend for the last 24 hours. The bulls have been in control of the market and have pushed prices higher. The DOT/USD pair has found support at $7.55, which is likely to provide a strong foundation for further upside in the near term. The bulls are currently in control of the market and are likely to push prices higher in the near term. However, if the bears can take control of the market, we could see a decline toward the $7.25 support level. DOT/USD 1-day price chart source: TradingView The RSI for the DOT/USD pair is currently rising and is trading above the 50 level, which indicates that the bulls are in control of the market. The MACD for the DOT/USD pair is currently in bullish territory and is showing signs of further gains. The DOT/USD pair has been trading above the Moving average indicator, which is a bullish sign. DOT/USD 4-hour price analysis: Recent updates Looking at the 4-hour chart, Polkadot price analysis has formed a bullish flag pattern, which is a bullish continuation signal. The prices have formed higher lows and higher highs, which is a bullish sign. The market is currently trading above the $7.70 level, which is a key support level. DOT/USD 4-hour price chart source: TradingView The recent upsurge in prices has pushed the DOT/USD pair above the 50-day moving average (MA), which is a positive sign. Polkadot's price analysis reveals the Relative Strength Index (RSI) for the DOT/USD pair is currently rising and is trading near the 60 level, which indicates that there is room for further upside in the market. The MACD for the DOT/USD pair is currently moving above the signal line, which is a bullish sign. Polkadot price analysis conclusion Polkadot price analysis concludes that the DOT/USD pair has gained momentum and is currently trading at $7.92. The technical indicators for the DOT/USD pair are currently bullish and are signaling further upside in the market. We believe that the bulls are likely to push prices higher in the near term. However, if the bears take control of the market, we could see a decline toward the $7.70 support level. Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81233 Powered by Jetpack

chefmatthew987 posted: " Per a recent report from on-chain analytics firm Chainalysis, pro-Russia groups in Ukraine are raising funds in Bitcoin, Ethereum, Litecoin, and other cryptocurrencies to support their operations. The report claims these gr" NYC Crypto Militias In Ukraine Raise $2.2M In Bitcoin To Support Russia chefmatthew987 Jul 29 Per a recent report from on-chain analytics firm Chainalysis, pro-Russia groups in Ukraine are raising funds in Bitcoin, Ethereum, Litecoin, and other cryptocurrencies to support their operations. The report claims these groups have raised a total of over $2.2 million using social media platforms. As seen below, most of the donations have been made in Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), and USDT based on the TRON Network. The report has linked these funds to around a dozen social media accounts. Source: Chainalysis The Chainalysis report showed the following message as an example of the post shared across social media platforms looking to raise money in different cryptocurrencies. As the post shows, the funds' proceeds are destined to purchase equipment and war material to oppose the Ukrainian forces: (…)  we have only 150 thousand rubles left to collect for a drone that will be able to bring "gifts" to the positions of our Ukrainian "friends." We hope that we will be able to shoot it on video and delight you with interesting shots. Other posts show that these militias are investing in medical supplies, such as first aid kits, communications hardware, SIM cards, weapon maintenance material, and more. The people in charge of this alleged account often provide their donors with detailed reports on the purchased equipment. The report claims that even the groups with less success at raising funds can make a difference in the war efforts. The groups that collected around $1,000 could pool their funds to acquire radios and upgrade the militias' reconnaissance capabilities with unmanned aerial vehicles (UAV) priced at $3,000. BTC's price with minor gains on the 4-hour chart. Source: BTCUSDT Tradingview Comparing Pro-Russia Militias Funds In Bitcoin With Ukraine's The report claims a portion of the funds raised by these militias are linked to organizations and individuals by the U.S. Office of Foreign Assets Control (OFAC). These entities have publicly stated that they are looking for a way to circumvent international monetary restrictions via crypto and non-fungible tokens (NFTs). On the latter, Chainalysis records little success with many of the NFT offerings from these individuals recording zero bids before they are removed from the digital assets marketplace. Some of these entities have been identified as Project Terrico, Alexander Zhuchkovsky, Bitzlato, Rybar, Rusich, SouthFront, and others. The report noted the following on the direct link between these individuals, the funds, and the pro-Russia groups: Multiple social media account operators have indicated that donations sent to them will directly benefit the Donetsk People's Militia and Luhansk People's Militia, which appear to be affiliated with the Donbas People's Militia, an organization sanctioned by OFAC on December 19, 2014. However, the report acknowledged that the $2.2 million raised by these militias "pales in comparison to the tens of millions in crypto donated to Ukraine". In addition, the firm claims cryptocurrencies are a transparent way to transfer funds. Thus, donations made to these pro-Russia militias are easy to track by the international community removing the tactical advantage of similar donations made in fiat currency. Chainalysis said: (…) public blockchains are transparent, we can follow each transfer in these accounts' chains of payments, gleaning insights into pro-Russian activities that would be harder to extract from fiat money investigations. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81231 Powered by Jetpack

chefmatthew987 posted: " "Investing in Coinbase is not for the faint of heart, as the business – and the stock – will likely see dramatic, potentially protracted swings, because Coinbase's revenues are currently tightly linked to cryptocurrency asset values, which have histori" NYC Crypto Coinbase's Stock at Crossroads as Cathie Wood's Ark Sells Some chefmatthew987 Jul 29 "Investing in Coinbase is not for the faint of heart, as the business – and the stock – will likely see dramatic, potentially protracted swings, because Coinbase's revenues are currently tightly linked to cryptocurrency asset values, which have historically been cyclical," Lisa Ellis, an equity analyst at MoffettNathanson, told clients in a note in May when she started coverage of the stock with a buy rating and $200 price target. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81229 Powered by Jetpack

chefmatthew987 posted: " As several cryptocurrency projects recover after the prolonged crypto winter, STEPN's GMT token has also taken advantage of the ongoing bullish retracement.  In the last few weeks, the play-to-earn project has ramped up on its ecosystem updates to re-" NYC Crypto STEPN reigniting gamers' interest as GMT, GST-SOL part ways – Coin-News24.com chefmatthew987 Jul 29 As several cryptocurrency projects recover after the prolonged crypto winter, STEPN's GMT token has also taken advantage of the ongoing bullish retracement.  In the last few weeks, the play-to-earn project has ramped up on its ecosystem updates to re-ignite dwindling interests in the gaming project. Following the launch of  "Health Points," which introduced a lifespan to STEPN sneakers, STEPN, on 25 July, launched a "STEPNrun Contest." Scheduled to hold between 25 July and 8 August, the contest was designed to "spread awareness about STEPN!" $1.01 at press time, the project's governance token GMT has gained some traction in the last few days. Is STEPN stepp'n up? On 25 July, when the contest was announced, GMT tokens traded at $0.92. Notably, the price of the governance token has rallied by 4% in the last four days. Following the growth in price, trading volume for the GMT token also increased within the period under review. At 492.16 million at the time of writing, the token's trading volume grew by over 25% in the last four days.  $606.36 million at press time, within the four-day period under review, the token's market capitalization grew from $553.76 million. Source: Santiment With price still on an upward rally in the last 24 hours, data from CoinMarketCap revealed a 4.12% growth in price within that period.  On a 4-hour chart, a significant accumulation of GMT was underway at the time of writing. In an uptrend, the token's Relative Strength Index (RSI) was pegged at 59.63. Approaching the overbought territory, the Money Flow Index (MFI) was spotted at 74.02.  Source: TradingView Not living up to expectations on the chain Even though the ongoing contest was designed to be played on Twitter and Instagram, data from Santiment revealed a steady decline in GMT's social activity since the contest began. The token's social dominance in the last four days logged a 23% decline. At press time, this stood at 0.78%. Treading a similar path of decline, pegged at 191 at the time of writing, the token's social volume registered a 67% loss in the last four days. Source: Santiment Furthermore, STEPN's in-game token, GST-SOL, has failed to post any recovery in its price since the beginning of the month. At $0.05869 per GST-SOL at press time, a 94% decline has been recorded in the last 28 days. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81227 Powered by Jetpack

chefmatthew987 posted: " Moreover, issues with liquidity hit funds and lenders that bought into Terra's network. Crypto hedge fund Three Arrows Capital, for example, lost over $200 million with its investment in TerraUSD. Similarly, crypto broker Celsius Network, which has fil" NYC Crypto Crypto's Slide Hasn't Bled Into the 'Real Economy,' IMF Official Says chefmatthew987 Jul 29 Moreover, issues with liquidity hit funds and lenders that bought into Terra's network. Crypto hedge fund Three Arrows Capital, for example, lost over $200 million with its investment in TerraUSD. Similarly, crypto broker Celsius Network, which has filed for Chapter 11 bankruptcy, blamed its liquidity issues to the "domino effect" stemming from Terra's collapse. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81225 Powered by Jetpack

chefmatthew987 posted: " Helium is often heralded as one of the largest success stories in the Web3 space, even landing a coveted article in The New York Times earlier this year. Since 2019, the decentralized wireless network service, which bills itself as a peer-to-peer netw" NYC Crypto Web3 darling Helium has bragged about Lime being a client for years. Lime says it isn't true. chefmatthew987 Jul 29 Helium is often heralded as one of the largest success stories in the Web3 space, even landing a coveted article in The New York Times earlier this year. Since 2019, the decentralized wireless network service, which bills itself as a peer-to-peer network for the Internet of Things, has touted rideshare company Lime as one of its marquee clients, claiming the company uses its service to geolocate rentable escooters. There are numerous mentions of this partnership on its website, along with the presence of Lime's company logo, and in press coverage with various news outlets. There's just one problem: That partnership never really existed. "Beyond an initial test of its product in 2019, Lime has not had, and does not currently have, a relationship with Helium." Lime senior director for corporate communications Russell Murphy said to Mashable. According to Murphy, there was a "brief test of [Helium's] product that didn't last beyond a month or two" in the summer of 2019. There has been no contact between Helium and Lime since then. Details surrounding what the test actually entailed are unclear, as Helium's primary contact at Lime left the company more than two and a half years ago. However, Murphy says that, as a condition of the trial, Lime had requested that its name not be used by Helium in promotional material. Lime is listed as an active client on Helium's website. Credit: Mashable Screenshot On Helium's website, Lime is featured prominently, alongside Salesforce, as one of the biggest companies that uses Helium's service, and certainly the biggest in the IoT space. Beyond merely stating its service "is used by" Lime, Helium also boasts that it is "trusted by" Lime on its "Enterprise" webpage. In a post on Twitter from May 2021, Helium mentions how it is "trusted by users" and, again, includes Lime's logo on a list of its customers — but curiously omits directly tagging Lime's Twitter account. Despite the omnipresence of this supposed partnership, executives at Lime, who were aware of this misrepresentation, had declined to take action, legal or otherwise. "Helium has been making this claim for years and it is a false claim," Murphy said. Now, however, Mashable has learned that Lime is preparing to send a cease and desist to Helium over its use of Lime's name and logo on its website, and in its marketing. A tweet from 2021 listed Lime as a client of Helium. Credit: Mashable Screenshot Founded in 2013 by CEO Amir Harleem and Napster's Shawn Fanning, Helium has dubbed itself "The People's Network." Ostensibly, Helium is hoping to build a network for Internet of Things devices — basically anything that requires connectivity to the internet, such as smart refrigerators or the Ring doorbell — in places with shoddy or non-existent WiFi, or 5G coverage. Helium's decentralized model calls for it to expand connectivity through multiple independent devices, rather than depend on a centralized infrastructure. How does Helium do this? By selling hotspot devices, priced as much as $500 each, to budding investors and hopeful entrepreneurs. The hotspots also act as crypto mining hardware and reward the owners of these devices with Helium's $HNT token, which it introduced in July 2019, when a user accesses Helium's network via their hotspot device. $HNT is currently valued at approximately $9. As of mid-2022, Helium's wireless network appears to have very few actual customers. Instead, the vast majority of Helium's revenue comes from individuals that purchase the company's hotspot devices in hopes that they will earn cryptocurrency when corporations, like Lime, utilize the network service. Helium has used Lime's image to prove the network has major clients. But, Lime does not use the service. Lime's scooters are available in nearly 250 cities around the world. And, according to Lime spokesperson Murphy, the company has now logged more than 300 million rides on its scooters. SEE ALSO: The biggest crypto scams of 2022 (so far) Helium has been written about extensively by cryptocurrency-centric outlets, like Coindesk, but has also received mentions in mainstream press outlets, such as Axios. Most recently, in February 2022, Helium and its COO Frank Mong were the subject of a glowing profile in The New York Times by tech columnist Kevin Roose titled "Maybe There's a Use for Crypto After All." Lime was the first of two companies named in the Times article as an example of Helium's biggest clients. "Anyone can use the Helium network, although most of its users so far are companies like Lime (which has used Helium to keep tabs on its connected scooters)," wrote Roose. "It's a real product used by real people and companies every day." According to Lime, The New York Times did not reach out to the company to confirm the partnership. Mashable attempted to confirm this but the Times said it does not discuss sourcing. Since the article's publication, Helium has continued to promote it extensively. Helium CEO Amir Haleem has even pinned a Feb. tweet about the piece to the top of his Twitter profile. These claims about a supposed Lime partnership are made even more interesting by an August 2020 video webinar interview, uploaded to Helium's YouTube channel, with Lime's former central operations manager Eddie Li. In the video, host Oliver Bruce of the Micromobility Podcast asks Li if Lime ever used Helium's network.  "Did Lime ever end up adopting it and putting it out in any of their scooters?" asks Bruce. "I don't know now, but I think there was just a lot of projects going down," explains former Lime employee Li. "After testing with Frank [Mong], there was definitely something that could have been there. But there's just so much going on at that time…there was just a lot of things that did not come to fruition with Helium." COO Mong, who was one of the three people featured on the video podcast along with Bruce and Li, then chimes in. Mong recalled how Li had told him in 2019, when Li was still working at Lime, how Helium's tracking device wouldn't work on Lime's scooters. "Dude that's too big, we can't use that on a scooter," Mong recalled Li saying. Mong said that by the time Helium was able to get a device small enough for the scooter, Helium no longer had a contact at Lime as Li had exited the company. Helium COO Frank Mong shows just how big Helium's tracking device was when Eddie Li (pictured: upper left), formerly of Lime, decided to forgo attaching them to Lime's escooters. Credit: Mashable Screenshot "We still hope we can get back in with Lime," Mong said in the Aug. 5, 2020 video. According to Lime spokesperson Murphy, Li has not worked at Lime for over two years. And, even though the 2019 test fizzled, Lime remains a central part of Helium's marketing to this day. "I believe [Li] was the only person who had any meaningful interaction with Helium," says Murphy. In November 2019, on Helium's official subreddit community on Reddit, Mong was questioned about the Lime partnership by another user in the forum.  "We have worked with Lime's operations team in SF and we are in discussions to expand," he replied. "They are a great group of folks! I'm guessing 'corporate' doesn't know about us because a lot of our original sponsors are no longer at the company." SEE ALSO: Minecraft says it wants nothing to do with NFTs, blockchain While Helium was founded in 2013, its wireless network business model floundered until it introduced the crypto-earning aspect into the service. In July 2019, Helium would start minting its $HNT token and roll out its plan to sell hotspots in return for cryptocurrency rewards. One month earlier, in Helium's official blog, CEO Haleem would first begin mentioning a relationship with Lime. In one post from June 2019, he specifically categorized Lime as a "partner." Helium CEO Amir Haleem reminisces about a testing phase "before we started working with Lime" in an Oct. 2020 tweet. Credit: Mashable Screenshot More than a year after that short testing phase in 2019, Helium's CEO would, once again, post about a relationship with Lime, this time on Twitter. In an Oct. 5, 2020 tweet, Haleem shared how Helium "acquired" Lime scooters off the street in Oakland, CA in order to equip them with the company's GPS trackers. "before we started working with @limebike we had to get creative," Haleem tweeted, insinuating that the two companies' involvement, which never lasted beyond that initial trial, was still in existence more than a year later. When reached for comment, a spokesperson for Nova Labs, Helium's parent company, provided Mashable with the following statement: "Nova Labs worked with Lime operations out of their San Francisco HQ. They trialed Lime scooters with the Helium Network using LoRaWAN tracking devices to find lost or stolen scooters, and were impressed with the accuracy of the sensors and vast coverage. Lime has since restructured and the team members we worked with are no longer employed there." Mashable also reached out to former Lime central operations manager Eddie Li for comment. We will update this article when we hear back. On its "Enterprise" webpage, Helium claims it is "trusted by" Lime. Credit: Mashable Screenshot In the Web3 space, Helium has been held up as a "unicorn," a common VC term to describe a startup company with a value of over $1 billion. The Web3 darling has raised more than $364 million to date from venture capital giants such as Andreessen Horowitz and Sam Bankman-Fried's FTX Ventures at an over billion-dollar valuation. Andreessen Horowitz called Helium the "fastest growing wireless network ever" when it invested in the company last year. Reddit co-founder Alexis Ohanian through his VC firm, Seven Seven Six, is also an investor. In March, Helium rebranded its company name to "Nova Labs" in order to differentiate itself from the Helium network service that it runs. While Helium boasts on its homepage about having sold nearly one million hotspot crypto mining devices to budding entrepreneurs, the actual people using "The People's Network" have yet to materialize. A recent profile from the tech newsletter The Generalist reported that Helium is only making $6,500 a month from data use on its decentralized wireless network. Tweet may have been deleted (opens in a new tab) Earlier this week, Helium was thrust into the spotlight after a Twitter thread criticizing the company's business model by angel investor and Web3 skeptic, Liron Shapira, went viral. In the thread, Shapira makes the case that its $6,500 a month profit shows that there is no customer base for Helium's wireless service. Instead, Shapira argues, the company's profit model is actually based around selling the hotspots to speculators who are trying to earn cryptocurrency, thus putting Helium's business much more in line with a multi-level marketing, or pyramid, scheme. In response to Shapira's thread, Helium CEO Haleem and Helium investor Kyle Samani, a partner at the firm Multicoin Capital, confirmed the revenue details. "The @helium network generates around $2M/mo in fees. most of this is in the form of Hotspot onboarding fees," tweeted Haleem. He proceeded to confirm the $6,500 per month revenue generated by actual data use. "I don't dispute the numbers," Samani replied. Along with Helium's issues with getting customers for its wireless network, Helium's token — the reward for its hotspot owners — has taken a hit over the past few months. $HNT has now dropped roughly 83 percent from its previous high of just under $53 in Nov. 2021. On Helium's subreddit, hotspot owners have complained about earnings dropping to as low as $0.10 a month. "My city is just too overloaded with miners. I make about 0.03$ a day," one user complained. "I get like .10 a month so I unplugged that piece of crap," one hotspot owner said. In order for those investing in the hotspot devices that Helium sells to profit, Helium needs clients to actively use its wireless service. Having a high-profile list of clients would likely entice those looking for a business opportunity to invest in. Though, having a high-profile list of corporate clients regularly using Helium's service would likely result in data charges amounting to more than $6,500 a month. The Web3 wireless network once advertised Nestlé on its website as it said the company's ReadyRefresh water delivery service utilized Helium. However, Nestlé tells Mashable that it sold off the service along with its regional spring water brands last year. Helium has since removed Nestlé's logo from its website. Salesforce, a corporation currently featured on Helium's homepage, did not reply to an inquiry from Mashable about its use of Helium. Helium also prominently features an Oct. 2021 press release about a partnership with DISH on its website homepage. When tech outlet PCMag (owned by Mashable's publisher, Ziff Davis) reached out to DISH, the company's representative confirmed a partnership but seemed confused as to what it actually entailed. DISH also did not respond to an email from Mashable about Helium. However, it appears that it was clear even to many of Helium's hotspot customers that Lime was promoted as one of its most prominent clients. "Other than Lime, what other companies use the Network?," asked one Reddit user, who had just invested in a Helium mining device, in the company's official subreddit in May 2020. "We have a bunch of announcements coming," replied Helium COO Mong. "New customers, new partnerships, and more! Thanks for your patience. Please sign up for our newsletter and follow us on Twitter @helium and @fmong for breaking news." However, Mong failed to mention one important detail: Lime wasn't and still isn't a client. UPDATE: Jul. 29, 2022, 2:11 p.m. EDT This article has been updated with a statement from Helium's parent company, Nova Labs. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81223 Powered by Jetpack

chefmatthew987 posted: " "], "filter": { "nextExceptions": "img, blockquote, div", "nextContainsExceptions": "img, blockquote"} }"> Don't miss a moment from Paris-Roubaix and Unbound Gra" NYC Crypto The Tour de France Femmes is heading into the mountains. We asked the riders about the first big day of climbing chefmatthew987 Jul 29 "], "filter": { "nextExceptions": "img, blockquote, div", "nextContainsExceptions": "img, blockquote"} }"> Don't miss a moment from Paris-Roubaix and Unbound Gravel, to the Giro d'Italia, Tour de France, Vuelta a España, and everything in between when you >","name":"in-content-cta","type":"link"}}">join Outside+. ROSHEIM, France (VN) — The final two stages of the Tour de France Femmes avec Zwift are looming large, literally. With six day of racing in its legs, the peloton is approaching the mountains of stage 7 and 8 with both fatigue and great anticipation. After stage 6 on Friday, the current GC situation was one of seconds separating riders. After Saturday's seventh stage, "it's gonna be all about the minutes and not the seconds anymore," said Canyon-SRAM's Katarzyna Niewiadoma.  While stage 8's notoriously steep Super Planche des Belles Filles summit finish has tended to command much of the attention, stage 7 contains the most cumulative climbing. At over 3,000m of ascent on the day, the stage packs huge climbs — both in distance and grade — into a short 130k of racing. Also read: Vos wins stage 6 to set up yellow jersey mountain defense  The Petit Ballon (9.3km at 8.1 percent) is the first peak of the day and has only been featured in the Tour de France once — in 2014 when Vincenzo Nibali (then Astana Pro Team) extended his race lead. The climb begins steeply with a 10 percent grade in the first kilometer before the road evens out slightly to 6-8 percent. After a very short descent, the road rises again up the Col du Platzerwasel – another category 1 climb 7.1km long with an average gradient of 8.9 percent. Stage 7 on Saturday is the Tour's 'Queen stage.' Parkhotel Valkenburg's Femke Gerritse is one of many riders whose team has reconn'ed the route ahead of Saturday's stage. "I think tomorrow will be more of a big deal than Sunday," she said.  Gerritse, currently in the climber's polka dots, said she has never raced a climb as long as Saturday's first two peaks. "My ambition for that day is to see how I'm riding on those big climbs because I've only done that in training, never in racing."  Femke Gerritse: "It's so cool to go to the mountains with the polka dot jersey. I scored this point and I was saved. But I really don't know what to expect tomorrow."#TDFF #WatchTheFemmes https://t.co/2bjwcgbvxG — Le Tour de France Femmes avec Zwift (@LeTourFemmes) July 29, 2022 Tiffany Cromwell (Canyon-SRAM) has also ridden the stage and said that Saturday — rather than Sunday — could determine the GC.  "It's totally brutal," she said. "It's not the last climb, it's the first and second climb that come very quickly after each other. "Depending how Annemiek is with her apparent sickness, when we first reconned it that was a stage I could see her going for the first climb. Because you can do a lot of damage with those first two. Otherwise, it will be a battle of the true climbers and I believe it will be a solo. I think the GC will be more made on that stage than the final stage." Kristen Faulkner, one of Team BikeExchange-Jayco's mountain goats, agreed that stage 7 could have impacts beyond the day. "I think so," she said. "I think tomorrow there's enough climbing that if someone gets away they could gain enough time. Say they gain a minute or two minutes then they could stay with the GC riders on day 8. I think that anything can happen. Anything can happen on stage 8 so just leaving it up to one stage is a dangerous thing for GC riders." Trek-Segafredo's DS Ina Teutenberg said that to win the overall, someone has to tackle the two mountain days with equal finesse. "I think it's just as important [as stage 8]," she said. "So yeah the Planche des Belles Filles s is gonna be a hard finish climb but tomorrow's an extremely hard stage altogether. I for sure think you have to be really good tomorrow to win this on Sunday, too." The Belles Filles summit will bring the race to a brutal close Sunday.   Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81221 Powered by Jetpack

chefmatthew987 posted: " On-chain data shows the Bitcoin exchange whale ratio has declined recently as the crypto surges above the $24k mark. Bitcoin Exchange Whale Ratio (EMA 7) Is Currently Below 0.50 As per a post from CryptoQuant, the BTC exchange whale ratio has gone dow" NYC Crypto Bitcoin Breaks $24k As Exchange Whale Ratio Declines chefmatthew987 Jul 29 On-chain data shows the Bitcoin exchange whale ratio has declined recently as the crypto surges above the $24k mark. Bitcoin Exchange Whale Ratio (EMA 7) Is Currently Below 0.50 As per a post from CryptoQuant, the BTC exchange whale ratio has gone down recently while the price has surged up. The "exchange whale ratio" is an indicator that measures the ratio between the sum of the top 10 Bitcoin transactions to exchanges and the total exchange inflows. exchange whale ratio = sum of top 10 inflow txs (in BTC) ÷ total exchange inflows (in BTC) Here, the ten largest transfers are considered as they generally belong to the whales. Thus, when the value of the ratio is high, it means whales are making up for a large part of the total inflows right now. Since investors usually send their BTC to exchanges for selling purposes, this trend can be a sign that whales are dumping at the moment. and hence can be bearish for the crypto's price. On the other hand, low values of the metric can suggest whales are currently occupying a normal amount of the total inflows. Such a trend could be either neutral or bullish for the coin's value. Now, here is a chart that shows the trend in the 7-day exponential moving-average Bitcoin exchange whale ratio over the past month: The EMA-7 value of the metric looks to have been down in recent days | Source: CryptoQuant As you can see in the above graph, the Bitcoin exchange whale ratio (EMA-7) has been below a value of 0.50 for seven out of the last eight days. The 0.50 mark is the dumping threshold for the EMA-7 version of the metric and as the indicator has been below this value recently, the selling pressure from whales has been low. While the ratio has gone down, BTC's price has enjoyed some upwards momentum as the coin surged up above the $24k mark earlier today. BTC Price At the time of writing, Bitcoin's price floats around $23.5k, down 1% in the last seven days. Over the past month, the crypto has gained 15% in value. The below chart shows the trend in the price of the coin over the last five days. Looks like the value of the crypto has observed some upwards movement during the last couple of days | Source: BTCUSD on TradingView Around ten days ago Bitcoin had recovered above $23k, but only a few days later the crypto's price again started to go downhill. However, in the last couple of days, the coin enjoyed some sharp upwards momentum as it retook $23k. Earlier today, BTC even broke above $24k, though it wasn't long before the crypto saw a slump and came down to the current level. Featured image from Karl-Heinz Müller on Unsplash.com, charts from TradingView.com, CryptoQuant.com Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81219 Powered by Jetpack

chefmatthew987 posted: " Bitcoin (BTC) rallied on the back of the United States Federal Reserve's decision to hike interest rates on July 27. Investors interpreted Federal Reserve chairman Jeremy Powell's statement as more dovish than the previous FOMC committee meeting, sugge" NYC Crypto Bitcoin struggles to flip $24K to support, but data shows pro traders stacking sats chefmatthew987 Jul 29 Bitcoin (BTC) rallied on the back of the United States Federal Reserve's decision to hike interest rates on July 27. Investors interpreted Federal Reserve chairman Jeremy Powell's statement as more dovish than the previous FOMC committee meeting, suggesting that the worst moment of tight economic policies is behind us. Another positive news for risk assets came from the U.S. personal consumption expenditures price (PCE) index, which rose 6.8% in June. The move was the biggest since January 1982, reducing incentives for fixed income investments. The Federal Reserve focuses on the PCE due to its broader measure of inflation pressures, measuring the price changes of goods and services consumed by the general public. Additional positive news came from Amazon after the e-commerce giant reported that its quarterly financial results beat the $119.5 billion estimated revenue by 1.4%. Moreover, Apple released its 2Q results on the same day, matching analyst revenue estimates, while presenting earnings 3.4% above the market consensus. Top traders have increased their bullish bets Exchange-provided data highlights traders' long-to-short net positioning. By analyzing every client's position on the spot, perpetual and futures contracts, one can better understand whether professional traders are leaning bullish or bearish. There are occasional discrepancies in the methodologies between different exchanges, so viewers should monitor changes instead of absolute figures. Exchanges top traders Bitcoin long-to-short ratio. Source: Coinglass Despite Bitcoin's 14% correction from July 20 to July 26, top traders on Binance, Huobi and OKEx have increased their leverage longs. To be more precise, Binance was the only exchange facing a modest reduction in the top traders' long-to-short ratio, moving from 1.22 to 1.20. However, this impact was more than compensated by OKEx traders increasing their bullish bets from 0.66 to 1.17 in six days. The absence of panic selling after Bitcoin failed to break the $24,000 support on July 20 should be interpreted as bullish. Had buyers been using excessive leverage or distrustful of a potential upside, the price movement would have caused much grea damage to the long-to-short ratio. Related: 3 Bitcoin trading behaviors hint that BTC's rebound to $24K is a 'fakeout' Margin traders are unwilling to place bearish bets Margin trading allows investors to borrow cryptocurrency to leverage their trading position, therefore increasing the returns. For example, one can buy Bitcoin by borrowing Tether (USDT), thus increasing their crypto exposure. On the other hand, borrowing Bitcoin can only be used to short it—betting on the price decrease. Unlike futures contracts, the balance between margin longs and shorts isn't necessarily matched. When the margin lending ratio is high, it indicates that the market is bullish—the opposite, a low lending ratio, signals that the market is bearish. OKX USDT/BTC margin lending ratio. Source: OKEx The chart above shows that investors' morale bottomed on July 21 as the ratio reached its lowest level in four months at 8.6. From that point onward, OKX traders presented less demand to borrow Bitcoin, exclusively used to bet on the price downtrend. The ratio currently stands at 13.8, which leans bullish in absolute terms as it favors stablecoin borrowing by a wide margin. Derivatives data shows no stress from pro traders even as Bitcoin traded below $21,000 on July 26. Unlike retail traders, these experienced whales know when to hold on to their conviction and this attitude was clearly reflected in the healthy derivatives data. The data suggests that traders who expect a strong market correction if Bitcoin fails to break the $24,000 resistance will be disappointed. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81217 Powered by Jetpack

chefmatthew987 posted: " Darren Rovell, a prominent sports reporter, calculated as of Jan. 23, 2022, that NFL star Odell Beckham Jr., a wide receiver for the 2021 Super Bowl champion Los Angeles Rams, had netted $35,000 on a $750,000 deal (after taxes) because he was paid in b" NYC Crypto Why Athletes Are Taking Compensation in Bitcoin chefmatthew987 Jul 29 Darren Rovell, a prominent sports reporter, calculated as of Jan. 23, 2022, that NFL star Odell Beckham Jr., a wide receiver for the 2021 Super Bowl champion Los Angeles Rams, had netted $35,000 on a $750,000 deal (after taxes) because he was paid in bitcoin. And this was only calculated in January when BTC was worth $36,000, more than $12,000 than it is today. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81215 Powered by Jetpack

chefmatthew987 posted: " Bitcoin Cash [BCH] is among the top gainers in the last seven days after going through another strong bullish phase. An interesting outcome considering that it showed signs of a potential bearish retracement after its mid-month rally. It delivered a s" NYC Crypto Bitcoin Cash [BCH] reclaims the $150 price level but… chefmatthew987 Jul 29 Bitcoin Cash [BCH] is among the top gainers in the last seven days after going through another strong bullish phase. An interesting outcome considering that it showed signs of a potential bearish retracement after its mid-month rally. It delivered a substantial pullback on 25 July, setting precedence for a bearish week but it has turned out to be a bear trap. BCH bulls managed to push above the $150 price during 28 July's trading session after a previous faux bearish attempt. This is a critical price level because it was the cryptocurrency's lowest price level in May. BCH has not only managed to reclaim this level but also push past it to its $158 press time price. Source: TradingView Its price chart reveals a breakout from its descending wedge pattern. However, its ability to hold on above the $150 price level might be put to the test especially now that the price is already overbought as indicated by the Relative Strength Index (RSI). Is there incoming selling pressure? Bitcoin Cash is up roughly 36% in the last three days and such gains are bound to start attracting some selling pressure. This is because some investors looking for short-term profits may opt to sell considering the uncertainty behind the recession. BCH's on-chain metrics may provide some clarity with regards to the potential for more upside or a likely reversal. The cryptocurrency's stock-to-flow ratio is currently at its highest monthly level courtesy of the latest upside. This means BCH is now scarcer on exchanges than it has been in the last four weeks. Meanwhile, the number of active addresses has increased especially in the last 24 hours. Source: Santiment While the above metrics may look like they support more upside, whale transaction counts may provide a different picture. The number of whale transactions peaked at 26 on 28 July, but they established a new high at 33 in the last 24 hours. However, BCH only managed a slight upside on 29 July compared to the strong rally on 28 July. Source: Santiment This observation suggests that some, if not most of the whale activity in the last 24 hours at press time might have been profit-taking. It would explain why the rally was limited compared to the previous day. Additionally, BCH is expected to experience significant selling pressure especially now that it is in overbought territory. However, investors should note that the market has been in recovery mode and may continue to rally. This means that any potential retracement will potentially be limited if the market maintains its currently bullish trajectory. Credit: Source link The post Bitcoin Cash [BCH] reclaims the $150 price level but… appeared first on Coin-News24.com. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81213 Powered by Jetpack

chefmatthew987 posted: " But even though NFT "ticket stubs" help put money back in the hands of sports teams and fans, since they don't function as actual tickets and can't be used to enter a game, they don't fix other issues with traditional ticketing (e.g., scalpers, high re" NYC Crypto Why We Need NFT Ticketing for Sports Events chefmatthew987 Jul 29 But even though NFT "ticket stubs" help put money back in the hands of sports teams and fans, since they don't function as actual tickets and can't be used to enter a game, they don't fix other issues with traditional ticketing (e.g., scalpers, high resale prices, fraudulent tickets). As an industry, this is something collectively we need to continue working toward. Over the past few years, major progress has been made when it comes to NFTs and sports games, but in actuality, we've only scratched the surface. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81211 Powered by Jetpack

chefmatthew987 posted: " Photo: T. Schneider (Shutterstock)Babel Finance, the Hong Kong-based crypto lender, apparently had other designs when its worldwide user base handed over their crypto to the company than just borrowing and lending. It seems to have been doing what ever" NYC Crypto Crumbling Tower of 'Babel' Traded $280 Million of Users' Crypto, Lost It All chefmatthew987 Jul 29 Photo: T. Schneider (Shutterstock) Babel Finance, the Hong Kong-based crypto lender, apparently had other designs when its worldwide user base handed over their crypto to the company than just borrowing and lending. It seems to have been doing what everyone else does with crypto, rapidly speculating and trying to make "line go up." Of course, all that changed when the line no longer went up. The Block reported based on restructuring proposal documents that Babel Finance had lost 8,000 bitcoin and 56,000 ether in June, worth close to $280 million, though of course the price is constantly fluctuating. The company had apparently been conducting proprietary trading with customers' funds. It remains unclear based on reporting if users were/are aware their crypto was/is being used in this way. The company has not put out any formal statement about the issue, and did not immediately respond to Gizmodo's request for comment through the main company email. The documents were reportedly dated for July but they detail the company's losses last month when it suffered liquidation due to the crypto bear market in June. According to the report, Bitcoin's fall to $20,000 "chalked up significant losses" leading to the liquidation of multiple trading accounts, taking the thousands of crypto with it. Last month, the company halted withdrawals on its platform, around the same time all this was going down, describing "major fluctuations" in the market. The restructuring proposal deck further described a "single point of failure" with their propriety trading team, basically throwing the workers under the bus for operating "outside the company's normal business, which has otherwise been running smoothly." However, the company's attempts at speculation in the crypto market drastically failed with the overall market downturn. The company apparently did not think to hedge their bets on these accounts, and their trading operations weren't even recorded in their internal system. The company essentially acts as a "bank" for crypto, with savings and lending services, though of course any company worth their salt in the crypto-sphere avoids the connotation of "bank" whenever possible. Babel promotes several services including its lending and borrowing arm, asset management, and some crypto mining. G/O Media may get a commission 30% off Canon Pixma MG3620 A college essential Part of Amazon's Off to College Essentials, this Canon Pixma uses wi-fi to print from your phone, laptop, or tablet But despite the company's finger pointing, Babel has been shown to be fast and loose with user funds in the past. Back in 2020, CoinDesk reported based on leaked private conversations between co-founder Del Wang and another, unknown person that the company was leveraging user funds, and that some of those activities had blown up in their face during a market crash. The company later wrote that during that so-called "Black Friday crash" that they had started to gradually "increase hedge position through options." Babel's point of failure has not just been hurting itself, but other exchanges that had been working alongside it. Friday reports showed the Thailand-based exchange Zipmex filed for bankruptcy protection, saying it had around $48 million invested in Babel and another $5 million in fellow failed crypto trading platform Celsius. Babel does have a plan to restructure after all this mess, with plans to convert $150 million of creditors' debt into bonds, then raise more in investments. The company has previously shown a $2 billion valuation thanks to institutional investors, so who's to say how this will all shake out? Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81209 Powered by Jetpack

chefmatthew987 posted: " Since the debut of Bitcoin, crypto systems have further complicated the relationship between public and private projects. Particularly since around 2018, venture capitalists have begun devoting money to companies that build on Bitcoin or Ethereum. But " NYC Crypto Where Traditional Public Financing Fails, Blockchain Steps in chefmatthew987 Jul 29 Since the debut of Bitcoin, crypto systems have further complicated the relationship between public and private projects. Particularly since around 2018, venture capitalists have begun devoting money to companies that build on Bitcoin or Ethereum. But because of the nature of blockchain networks, the benefits of such investments haven't accrued entirely to the companies being funded. Crypto as a whole has begun to generate significant "public funding," of a sort, for an entire ecosystem of developers, researchers, even philosophers and journalists (ahem). Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81207 Powered by Jetpack

chefmatthew987 posted: " Bitcoin (BTC) saw fresh volatility after July's final Wall Street open as highs north of $24,000 remained solid resistance.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewResistance strikes BTC at $24,000Data from Cointelegraph Markets Pro a" NYC Crypto Bitcoin price rejects at $24K as 'classic short setup' spoils bulls' fun chefmatthew987 Jul 29 Bitcoin (BTC) saw fresh volatility after July's final Wall Street open as highs north of $24,000 remained solid resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Resistance strikes BTC at $24,000 Data from Cointelegraph Markets Pro and TradingView reflected bulls' continuing struggle as BTC/USD lurched around the $24,000 mark on July 29. The pair had attempted to match the week's local top of $24,450, this ultimately failing to materialize as a resurgent U.S. dollar pressured crypto despite the gains of U.S. stocks . The U.S. dollar index (DXY) continued higher during the Wall Street trading, passing 106 after falling to its lowest levels since July 5. U.S. dollar index (DXY) 1-hour candle chart. Source: TradingView Record eurozone inflation added to the mix of macro triggers on the day, while the monthly close remained a guessing game for Bitcoin analysts. On short timeframes, popular trader Crypto Tony eyed what he called a "classic short setup" around the high, which remained Bitcoin's best since mid-June. $BTC / $USD - Update A classic short setup with a clear invalidation point .. Did anyone catch it pic.twitter.com/DTW2rAYM9K — Crypto Tony (@CryptoTony__) July 29, 2022 Nonetheless, other key levels remained apt to act as support in the event of a deeper drawdown. These included Bitcoin's 200-week moving average at around $22,800 and realized price at $21,820. #bitcoin back above realized price, light blue, I like it pic.twitter.com/Rr0r4boljC — PlanB (@100trillionUSD) July 29, 2022 In terms of the former, however, Bitcoin's weekly candle would need to close for confirmation of a resistance/support flip, fellow trader and analyst Rekt Capital noted on the day. The weekly close would also act as the monthly close, making July 31 a key psychological day of reckoning after June's 40% drawdown — Bitcoin's worst monthly performance since September 2011, figures from on-chain data resource Coinglass confirmed. Bitcoin monthly returns chart (screenshot). Source: Coinglass 180 days until "full recovery"? Summing up 2022 for crypto markets so far, meanwhile, a new report from on-chain analytics firm Glassnode and markets site CoinMarketCap hinted at how long the road to recovery could be. Related: Bitcoin bear market over, metric hints as BTC exchange balances hit 4-year low After the mayhem, which began with the Terra (LUNA) — now renamed Terra Classic (LUNC) — collapse in May, a "resetting" had occurred throughout crypto assets, the report argued. With Bitcoin and Ether (ETH) alone down 75% from all-time highs in under a year, it may not be until 2023 that the trend can change definitively. "The market has only been in this position since mid-June, and previous bear cycles have taken an average of 180-days before full scale recovery was in effect," it read. Glassnode and CoinMarketCap, in particular, highlighted the plight of miners who, as Cointelegraph reported, faced ongoing profit margin squeezes over Q2 and more recently. The report concluded: "All in all, 2022 has thus far been a major resetting of market expectations, a wide ranging de-leveraging, and ideally, the start of a new set of foundations, upon which even taller structures may be built," The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81205 Powered by Jetpack

chefmatthew987 posted: " Alex Crognale of the Birmingham Legion of the USL Championship league sees the digital asset as a way to store his wealth. " NYC Crypto 'My Bet Is on Bitcoin,' Pro Soccer Player Says chefmatthew987 Jul 29 Alex Crognale of the Birmingham Legion of the USL Championship league sees the digital asset as a way to store his wealth. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81203 Powered by Jetpack

chefmatthew987 posted: " But how exactly does a stadium naming deal unwind if, hypothetically, the rights-leaser goes bankrupt? It seems like a real hassle, from taking down all those signs to finding a new sponsor. To find out more, I called Joel Feldman, co-chair of global t" NYC Crypto Crypto.com and FTX Bet Big on Stadium Naming Rights Before the Crypto Crash. What Happens if They Can't Afford to Pay? chefmatthew987 Jul 29 But how exactly does a stadium naming deal unwind if, hypothetically, the rights-leaser goes bankrupt? It seems like a real hassle, from taking down all those signs to finding a new sponsor. To find out more, I called Joel Feldman, co-chair of global trademark and brand management at the law firm Greenberg Traurig. Comment Unsubscribe to no longer receive posts from NYC Crypto. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://nyccrypto.io/?p=81201 Powered by Jetpack