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rakesokumara
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July 2022
Posts
romansingh
@romansingh in Status·2 years ago

Exchanges, for instance, make money by charging fees on trades; when volatility falls, trading activity tends to evaporate. #crypto #news

romansingh
@romansingh in Status·2 years ago

For longer-term investors in traditional assets such as stocks or bonds, narrower swings in prices may seem like a positive. But for many investors and major cogs in the bitcoin and crypto economy, that's not the case #crypto #news

romansingh
@romansingh in Status·2 years ago

Yet it is soaking up a lot of the crypto buzz at the moment as it stands on the verge of its "Merge", expected to finally happen later this month, when it undergoes a radical shift to a system where the creation of new ether tokens becomes far less energy-intensive. #crypto #news

romansingh
@romansingh in Status·2 years ago

Ether doesn't offer more price drama; it is far less volatile, with its highest level being just over 2% in March 2020 during the worst of the COVID market rout, according to data firm Messari. #crypto #news

romansingh
@romansingh in Status·2 years ago

Indeed, the price of ether - the No.2 crypto with a market cap of roughly $190 billion versus bitcoin's $380 billion - has risen 50% since the start of July while bitcoin has been flat. #crypto #news

romansingh
@romansingh in Status·2 years ago

Leinweber at MarketVector pointed to an uptick in trading for ether and its derivatives as a side-effect of bitcoin's subdued volatility. #crypto #news

romansingh
@romansingh in Status·2 years ago

This has been a relatively long period of decreased volatility, it's now beyond anything we've seen in even 2019 where these levels lasted around a quarter to a quarter-and-a-half," said Stéphane Ouellette, CEO at crypto derivatives provider FRNT Financial. #crypto #news

romansingh
@romansingh in Status·2 years ago

Bitcoin has seen periods of reduced volatility in the past, often during periods of depressed or falling prices, with its price swings often coming back as trading activity picks up. #crypto #news

romansingh
@romansingh in Status·2 years ago

Similarly, an index from CryptoCompare, which uses bitcoin futures contracts to work out how far prices are expected to change, stands at just over 77, down from above 90 at the start of the year. #crypto #news

romansingh
@romansingh in Status·2 years ago

That number has stayed firmly below 5% in 2022, even in the most turbulent months of the "crypto winter" of depressed prices - a departure from the past five years when even periods of lower volatility were followed by spikes as high as 7%. #crypto #news

romansingh
@romansingh in Status·2 years ago

Bitcoin's average 30-day volatility - a measure of how its price varies over a set period of time - has slumped to 2.7% from over 4% in early July, according to data firm Coinglass. #crypto #news

romansingh
@romansingh in Status·2 years ago

Bitcoin is not dead, it's just boring at the moment, so traders are already looking for alternatives," said Martin Leinweber, digital asset product strategist at MarketVector. #crypto #news

romansingh
@romansingh in Status·2 years ago

That spells trouble for traders and exchanges that profit from bitcoin's wild price lurches, and is opening the door to its archrival ether which is preparing to up its crypto game by moving to a meaner and leaner blockchain. #crypto #news

romansingh
@romansingh in Status·2 years ago

The king of the swingers has been uncharacteristically treading water for days at around $20,000 and hasn't ventured far beyond that since June. #crypto #news

romansingh
@romansingh in Status·2 years ago

Bitcoin's been called a lot of things. Buzzy, beguiling, baffling, even bogus. But never boring. #crypto #news

romansingh
@romansingh in Status·2 years ago

Details on the actual usage of crvUSD are scanty at writing time, and Curve developers denied sharing more information about the tokens with CoinDesk. #crypto #news

romansingh
@romansingh in Status·2 years ago

DeFi Platform Curve Finance Takes First Steps Toward crvUSD Stablecoin #crypto #news

romansingh
@romansingh in Status·2 years ago

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 7, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. #crypto #news

romansingh
@romansingh in Status·2 years ago

First Mover Americas: Bitcoin Now Below $19K as Merge-Fueled Ethereum Classic Hype Unwinds #crypto #news

romansingh
@romansingh in Status·2 years ago

Some analysts said impending monetary tightening could add to a global rout across major asset classes, including equities and crypto. #crypto #news

romansingh
@romansingh in Status·2 years ago

The debtors are burning through cash at a rate that is too high and threatens to compromise creditor recoveries in this case, so we're working to find a resolution that will permit a value maximizing exit to chapter 11," Pesce reminded the court #crypto #news

romansingh
@romansingh in Status·2 years ago

Before then, the unsecured creditors committee plans to take to social media to engage with Celsius customers. It is planning to schedule an Ask Me Anything for sometime in “mid-September,” Gregory Pesce, #crypto #news

romansingh
@romansingh in Status·2 years ago

Before then, the unsecured creditors committee plans to take to social media to engage with Celsius customers.  #crypto #news

romansingh
@romansingh in Status·2 years ago

The bidding process is being led by Centerview and the timeline sets the deadline for the final bid on September 21, a bidding auction if necessary on September 23, and a final sale hearing on October 6 #crypto #news

romansingh
@romansingh in Status·2 years ago

Since Celsius filed for bankruptcy on the evening of July 13, the total market capitalization of crypto assets has risen more than 6% to $962 billion from $902 billion as of Thursday afternoon, #crypto #news

romansingh
@romansingh in Status·2 years ago

We're not foreclosing the possibility that we'll be back before you seeking to release all of [the custody funds],  #crypto #news

romansingh
@romansingh in Status·2 years ago

Though exact values fluctuate with the broader crypto markets, that sum is roughly 5% of the total $4.3 billion in assets Celsius owes customers, and less than 20% of the $1.2 billion gap between assets  #crypto #news

romansingh
@romansingh in Status·2 years ago

Celsius' legal team estimates the total amount of crypto held in the firm’s custody accounts is valued between $200-$215 million. That leaves the question of whether the additional ~$160 million or so in customer funds held in Celsius’ custody will be returned. #crypto #news

romansingh
@romansingh in Status·2 years ago

Celsius' legal team estimates the total amount of crypto held in the firm’s custody accounts is valued between $200-$215 million. That leaves the question of whether the additional ~$160 million or so in customer funds held in Celsius’ custody will be returned. #crypto #news

romansingh
@romansingh in Status·2 years ago

Bankrupt crypto platform Celsius Network said in a court document filed Wednesday and during a Thursday hearing the firm will give back a small portion of the funds its customers deposited into “custody” accounts held on its platform. #crypto #news

romansingh
@romansingh in Status·2 years ago

The holdings in these accounts are worth approximately $48 million based on their latest market value. #crypto #news

romansingh
@romansingh in Status·2 years ago

The Justice Department's money laundering section asked Binance to voluntarily hand over messages from Zhao and 12 other executives and partners on matters including the exchange's detection of illegal transactions and recruitment of US customers. #crypto #news

romansingh
@romansingh in Status·2 years ago

The Blackout Conference is coming to Charlotte, North Carolina Labor Day weekend hosted by Black Bitcoin Billionaires. Co-founder Lamar Wilson sits down with fellow co-founder and "Community Crypto #crypto #news

romansingh
@romansingh in Status·2 years ago

XRP price is up almost 2% and trading near the USD 0.30 zone. The first major resistance is USD 0.335, above which it could rise towards the USD 0.35 level. #crypto #news

romansingh
@romansingh in Status·2 years ago

Overall, bitcoin price started an upside correction above USD 20,000. However, BTC could struggle to rise further above the USD 20,500 resistance zone in the near term. #crypto #news

romansingh
@romansingh in Status·2 years ago

FLOW is trading near USD 1.94, trimming its recent gains, while LDO reached USD 1.85. Both coins are down over 10% in a week. #crypto #news

romansingh
@romansingh in Status·2 years ago

Many altcoins are recovering higher, including DOT, MATIC, SHIB, TRX, UNI, ETC, FTT, LINK, NEAR, LDO, FLOW, ICP, and SAND. #crypto #news

romansingh
@romansingh in Status·2 years ago

Cardano (ADA) is stable above the USD 0.42 support. It is moving higher and trading above the USD 0.44 level. However, a clear move above the USD 0.45 resistance is needed for a stronger increase. #crypto #news

romansingh
@romansingh in Status·2 years ago

ETH is trading near USD 1,540 and is up 6% in a day and down over 5% in a week. The next key resistance is near the USD 1,580 level, above which the price could rise towards the USD 1,650 resistance zone. #crypto #news

romansingh
@romansingh in Status·2 years ago

ETH even spiked above the USD 1,550 resistance, but there was no follow through. #crypto #news

romansingh
@romansingh in Status·2 years ago

Ethereum price started a steady increase above the USD 1,480 zone and was able to clear the USD 1,520 level.  #crypto #news

romansingh
@romansingh in Status·2 years ago

On the downside, an initial support is now near the USD 20,000 level. #crypto #news

romansingh
@romansingh in Status·2 years ago

ETH was able to recover above the USD 1,500 and USD 1,520 levels. XRP is strong above the USD 0.32 support. ADA is facing resistance near the USD 0.45 zone. #crypto #news

romansingh
@romansingh in Status·2 years ago

Similarly, most major altcoins are attempting a recovery wave. #news #crypto

romansingh
@romansingh in Status·2 years ago

currently (03:53 UTC) consolidating near USD 20,200 and facing resistance near USD 20,500. BTC is up 2% in a day and down almost 6% in a week. #crypto #news

romansingh
@romansingh in Status·2 years ago

Yesterday, bitcoin price recovered from the USD 19,500 zone and is now still fluctuating above the USD 20,000 level. #crypto #news

romansingh
@romansingh in Status·2 years ago

adults under the age of 50 are more likely than those 50 and older to be crypto users, at 25% and 7%, respectively. #crypto #news

romansingh
@romansingh in Status·2 years ago

Based on the survey’s results, US men are 14 percentage points more likely than women to declare they have used crypto. #crypto #news

romansingh
@romansingh in Status·2 years ago

While 78% of the polled say their crypto activities are driven by a need to diversify their investments, 75% stated that they are a good way to make money. #crypto #news

romansingh
@romansingh in Status·2 years ago

Meanwhile, another 46% of the surveyed believe these crypto ventures have performed worse than they expected. #crypto #news

preetmavi
@preetmavi in Status·2 years ago

Vijay Ayyar, vice president of corporate development and global expansion at crypto exchange Luno, predicts 2022 will be a big year on the regulatory front. Ayyar told CNBC that he expects to see some clarification on the legal #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Cryptocurrency regulation is expected to be a key issue in 2022. Vijay Ayyar, vice president of corporate development and global expansion at crypto exchange Luno. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

However, entrepreneurs such as Elon Musk and Jack Dorsey remain skeptical. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Web3 calls for a new, decentralized iteration of the internet incorporating blockchain and non fungible tokens. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Supporters of Web3 assert that online platforms are under the control of a few companies, #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

CNBC reported that DeFi is part of a broader trend called Web3.  #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Carol Alexander said that investors looking to make gains in smaller areas of crypto will want to watch Ethereum, Solana, Polkadot, and Cardano coins in 2022. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Emerging crypto developments such as decentralized finance (DeFi) and decentralized autonomous organizations (DAOs) are “likely to be the highest growth areas of crypto,” believes Bryan Gross, network steward at crypto platform ICHI. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

The Securities and Exchange Commission allowed the launch of ProShares’ Bitcoin Strategy ETF last year, but that just tracks Bitcoin futures contracts. However, because the market is now large and mature enough to support it, #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Some crypto investors predict that the first spot Bitcoin exchange-traded fund (ETF) in the United States could be approved this year, giving investors direct exposure to the cryptocurrency itself. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

investors in cryptocurrency are in for an exciting ride. Some interesting crypto predictions to watch out for in 2022 include. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Looking at the future of cryptocurrency, if the past is any indication. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

driving the entire crypto market to a combined $2 trillion in value. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

According to CNBC, the best-known cryptocurrency, Bitcoin, had a good year. The digital currency has been up nearly 70 percent since the start of 2021. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Coinbase debuted in April 2021 (the first major crypto company to go public), and the first U.S. exchange-traded fund linked to Bitcoin launched in October. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Crypto continued its popularity in 2021. Crypto became accepted by Goldman Sachs.  #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

There are as many predictions as there are analysts charting the future of cryptocurrency #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

The domino effect of that has given federal regulators even more ammo recently to push for crypto regulation.  #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

 As of a result, many Terra and Luna investors saw their investments vanish in a matter of days. Within a few weeks of Terra’s downfall,  #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

In May, crypto markets went into a freefall that led stablecoins TerraUSD (UST) to depeg from the dollar, #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

U.S officials have shown a particular interest in stablecoin regulation, especially following the recent Terra Luna crash.  #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Lawmakers in Washington D.C. and across the world are trying to figure out how to establish laws and guidelines to make cryptocurrency #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

But the industry is only in its infancy and constantly evolving. That’s a big part of why every new bitcoin high can be easily followed by big drops. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

In many ways, 2021 was a “breakthrough,” says Dave Abner, head of global development at Gemini, a popular cryptocurrency exchange. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

thanks to everyone from long-standing investors like Elon Musk to that kid from your high school on Facebook.  #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

All the while, people’s interest in crypto remains high: it’s a hot topic not only among investors but in popular culture too, #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

the second-biggest cryptocurrency, notched its own new all-time high late last year as well, and then crashed below $900 in June, #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Bitcoin hit multiple new all-time high prices in 2021 — followed by big drops — and more institutional buy-in from major companies. Ethereum, #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

While no one knows for sure, some experts say crypto prices could fall even further before any sustained recovery. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Bitcoin and ethereum are down more than 50% from their all-time highs in late 2021. While there have been small surges in recent weeks, the crypto market as a whole is largely stalled. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

BNB tokens, which raises the value of the remaining tokens. The number of circulating tokens is down 4 million since August. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

This helped the token price increase exponentially in 2021. In addition, Binance puts about one-fifth of its profits each quarter into permanently getting rid of, or burning. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Binance is the largest cryptocurrency exchange in terms of trading volumes. Like Bitcoin, Binance coin keeps a hard limit on the number of tokens in circulation — in its case, 161,337,261 out of a maximum of 200,000,000 tokens. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

The coin might also appeal to current investors who bought high and would benefit from dollar-cost averaging. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Some analysts say the low price presents a good buying opportunity for investors who’ve been waiting for the right time to test the cryptocurrency waters. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Ethereum is currently experiencing a major slump, losing over 56% of its value since the beginning of the year, which is about on par with other major cryptocurrencies.  #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Another upgrade, this one scheduled for the third or fourth quarter of this year, will transition Ethereum to a Web3-ready proof-of-stake mechanism that will reduce energy consumption by about 99.95% and further increase security and scalability. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Many metaverse projects, including Star Atlas, Axie Infinity and The Sandbox, use the Ethereum blockchain, as do most NFTs.  #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

It’s also an infrastructure on which apps can be built. Other cryptocurrencies are issued on Ethereum, and it serves as the foundation of decentralized finance. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Compared to Bitcoin, Ethereum lacks scarcity — Bitcoin supply is capped at 21 million coins — and widespread acceptance by companies and governments. However, unlike Bitcoin, Ethereum isn’t just a store of value. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Last year, Ethereum instituted a major upgrade that included reducing the supply of Ether, currently  The upgrade also allows the Ethereum network to handle more transactions per second, improve the platform’s scalability and lower transaction fees. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Ethereum, commonly known as Ether, is the world’s second-largest cryptocurrency behind Bitcoin, even outperforming Bitcoin at times. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Your chances of having a big payoff might be better with a smaller coin that hasn’t already been pumped up by institutional investors the way Bitcoin has. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

If you’re looking to start buying cryptocurrency, you might be wondering which one wille bring the biggest potential return. Although Bitcoin might be the obvious choice, it’s not necessarily the best one in 2022. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Despite that volatility, many cryptocurrency investors remain on the lookout for the next big payoff. Keep reading to learn which cryptocurrencies might explode soon. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

If you need evidence of how volatile, consider this: As of Sept. 2, Bitcoin’s value has ranged from a low of $17,708.62 to an all-time high of $68,789.63 over the past year. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Cryptocurrency might have started out as a Wild West of investing dominated by mavericks, but it’s now firmly in the financial mainstream. Institutional investors and big banks treat it as a serious asset despite recent volatility and regulatory crackdowns. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

The launch event on Pancakeswap was especially successful, pumping the price by 5x and taking it from $0.0015 to $0.011. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

The ecosystem, in which players play multiple games integrated into the metaverse, mint and sell their artwork or explore the metaverse, is successfully listed on LBANK, Pancakeswap, CoinMarketCap, and Coingecko. #crypto #news

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preetmavi
@preetmavi in Status·2 years ago

Type in the amount of TAMA you wish to purchase (1,000 minimum). Click “Convert USDT”. You will then be asked to approve the purchase TWICE. The first approval is for the USDT contract and the second is for the transaction amount. #crypto #news

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