🗞 Cryptocurrency Weekly News | March 8th, 2021 🗞
Greetings everyone to Bitcoin Existence Day 4447.
The last 7 days in crypto have been almost relaxing. After a reasonably rapid fade from $58,350 Bitcoin navigated the proverbial soft landing right into a logical trifecta of support as defined by the rectangle in the chart posted below. After a bit of sideways action, it was able to stair-step back to just above the 13-day moving average. This is still well below its all time high, but also comfortably above strong support at $42,000. For the moment, we seem to have found stasis.
As we have discussed for the last several weeks, all moving averages of significance sit in their proper place and broadcast that we remain in an ongoing bull market. Until something changes, that’s our bottom line. Read more and view the technical charts.
Highlights of The Week
Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain
Crypto project PAID exploited, attacker gains over 2,000 ETH after minting nearly $160M in tokens
Ethereum’s EIP 1559 fee market scheduled to launch in July
Chinese tech company puts $40 million into Bitcoin and Ethereum
Norwegian oil mogul sets up $58 million entity to buy Bitcoin
Bitcoin is accelerating in replacing gold as store of value: Bloomberg’s Mike McGlone
Balancer is coming to Polkadot via Moonbeam
NFTs & DeFi Take Center Stage
NFTs and DeFi managed to attract much of the attention this week, despite the market being awash with positive news across a variety of different sectors. The week kicked off with MicroStrategy announcing further Bitcoin purchases with the tech giant revealing it had acquired 328 Bitcoin for approximately $15m. The purchase brought MicroStrategy’s holdings to around 90,859 Bitcoin, which were acquired at an average purchase price of around $24,063 making the total holdings worth about $2.19B. The company then ended the week by announcing an additional purchase of $10m worth of BTC.
Last week also gave analysts time to go over February’s various metrics and news spread that DEXs broke another record in February by generating more than $60B in volume, while there was further confirmation that Ethereum’s monthly mining revenue broke $1B for the first time. Fans of Ethereum were also buoyed by the news that Mike Novogratz’s Galaxy Digital received just over $32 million in investments across its two Ethereum funds despite only launching them in February.
However, the revelation that the ‘EIP 1559’ improvement protocol for Ethereum has been scheduled to activate in July turned a lot of heads. The upgrade will be implemented into the Ethereum codebase and packaged with the London hardfork this summer despite opposition from a significant number of miners. Read more.
Greetings everyone to Bitcoin Existence Day 4447.
The last 7 days in crypto have been almost relaxing. After a reasonably rapid fade from $58,350 Bitcoin navigated the proverbial soft landing right into a logical trifecta of support as defined by the rectangle in the chart posted below. After a bit of sideways action, it was able to stair-step back to just above the 13-day moving average. This is still well below its all time high, but also comfortably above strong support at $42,000. For the moment, we seem to have found stasis.
As we have discussed for the last several weeks, all moving averages of significance sit in their proper place and broadcast that we remain in an ongoing bull market. Until something changes, that’s our bottom line. Read more and view the technical charts.
Highlights of The Week
Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain
Crypto project PAID exploited, attacker gains over 2,000 ETH after minting nearly $160M in tokens
Ethereum’s EIP 1559 fee market scheduled to launch in July
Chinese tech company puts $40 million into Bitcoin and Ethereum
Norwegian oil mogul sets up $58 million entity to buy Bitcoin
Bitcoin is accelerating in replacing gold as store of value: Bloomberg’s Mike McGlone
Balancer is coming to Polkadot via Moonbeam
NFTs & DeFi Take Center Stage
NFTs and DeFi managed to attract much of the attention this week, despite the market being awash with positive news across a variety of different sectors. The week kicked off with MicroStrategy announcing further Bitcoin purchases with the tech giant revealing it had acquired 328 Bitcoin for approximately $15m. The purchase brought MicroStrategy’s holdings to around 90,859 Bitcoin, which were acquired at an average purchase price of around $24,063 making the total holdings worth about $2.19B. The company then ended the week by announcing an additional purchase of $10m worth of BTC.
Last week also gave analysts time to go over February’s various metrics and news spread that DEXs broke another record in February by generating more than $60B in volume, while there was further confirmation that Ethereum’s monthly mining revenue broke $1B for the first time. Fans of Ethereum were also buoyed by the news that Mike Novogratz’s Galaxy Digital received just over $32 million in investments across its two Ethereum funds despite only launching them in February.
However, the revelation that the ‘EIP 1559’ improvement protocol for Ethereum has been scheduled to activate in July turned a lot of heads. The upgrade will be implemented into the Ethereum codebase and packaged with the London hardfork this summer despite opposition from a significant number of miners. Read more.
CryptoCalibur
Cryptocurrency Weekly News | Mar. 8th, 2021 | CryptoCalibur
Stay on top of your game through our weekly news and cryptocurrency market analysis — NFTs & DeFi Take Center Stage...
🔴 NEW PROJECT ON OUR RADAR 🔴
CryptoCalibur Interest Level: 🔥 Potentially High 🔥
PredictX is a protocol that brings prediction markets to DeFi. Focused on automated liquidity and precisely designed incentives, PredictX ensures liquidity across all markets while allowing users to win off their predictions on a user-friendly platform.
Opportunities in the market
Prediction markets are online platforms that allow individuals to set a price on the realization of a future event. These events can be anything from sports betting, politics, to price predictions on stocks, commodities, IPOs. The most popular application of this is sports betting, a $200B+ industry.
The existing prediction markets are highly centralized and users often have to pay huge fees. These centralized gatekeepers dominate the market and extract tons of value from the ecosystem.
High gas fees, minimal liquidity and poor UI across existing decentralized platforms like Augur and Polymarket have not attracted the volume of their centralized counterparts. The issues with Ethereum gas fees have forced many projects to build on layer 2 and on other chains.
The platform mechanics
PredictX uses an architecture similar to Catnip, where a market issued on Augur has ERC-1155 tokens to represent Yes/No Outcomes. These tokens are then wrapped into ERC-20 tokens and deposited into a Balancer Pool.
The actions of buying shares, selling shares and adding liquidity are each governed by equations related to Balancer as well as to the mechanics of a specific prediction market platform.
The two possible outcomes for this market are “yes” and “no”. Each outcome is represented by ERC-20 tokens or “yes” shares and “no” shares. When an event resolves, the “yes” share equals 1 or 0. Similarly, the “no” share equals 0 or 1. After the event resolves, users can redeem their yes or no shares for the respective amounts of the base currency.
PredictX brings AMM based prediction markets to DeFi, on PredictX, liquidity providers gain rewards from the fees per trade as well as other benefits, decided upon through governance.
The PredictX token (PRED) is used to maximize the liquidity for markets and optimize the incentives across all participants. To keep track of how much liquidity is provided, a certain number of synthetic tokens - sPRED is allocated to liquidity providers and is redeemed for the base currency (DAI).
Why do we like it?
✅ They launched the first version of the platform and are soon adding more DeFi integrations.
✅ Combat high Ethereum gas fees by deploying PredictX v1 on Binance Smart Chain (BSC) with later versions on Polkadot.
✅ Strong roadmap focused on building for the cross-chain ecosystem.
✅ Prediction markets as a new layer of DeFi
Socials
▪️ Telegram Chat: https://news.1rj.ru/str/PredictX_Official
▪️ Twitter: https://twitter.com/1PredictX
▪️ Blog: https://predictx-official.medium.com/
This is not sponsored nor paid content. If we find a relatively under the radar project that we believe has potential we post about it.
CryptoCalibur Interest Level: 🔥 Potentially High 🔥
DeFi Prediction MarketsPredictX is a protocol that brings prediction markets to DeFi. Focused on automated liquidity and precisely designed incentives, PredictX ensures liquidity across all markets while allowing users to win off their predictions on a user-friendly platform.
Opportunities in the market
Prediction markets are online platforms that allow individuals to set a price on the realization of a future event. These events can be anything from sports betting, politics, to price predictions on stocks, commodities, IPOs. The most popular application of this is sports betting, a $200B+ industry.
The existing prediction markets are highly centralized and users often have to pay huge fees. These centralized gatekeepers dominate the market and extract tons of value from the ecosystem.
High gas fees, minimal liquidity and poor UI across existing decentralized platforms like Augur and Polymarket have not attracted the volume of their centralized counterparts. The issues with Ethereum gas fees have forced many projects to build on layer 2 and on other chains.
The platform mechanics
PredictX uses an architecture similar to Catnip, where a market issued on Augur has ERC-1155 tokens to represent Yes/No Outcomes. These tokens are then wrapped into ERC-20 tokens and deposited into a Balancer Pool.
The actions of buying shares, selling shares and adding liquidity are each governed by equations related to Balancer as well as to the mechanics of a specific prediction market platform.
The two possible outcomes for this market are “yes” and “no”. Each outcome is represented by ERC-20 tokens or “yes” shares and “no” shares. When an event resolves, the “yes” share equals 1 or 0. Similarly, the “no” share equals 0 or 1. After the event resolves, users can redeem their yes or no shares for the respective amounts of the base currency.
PredictX brings AMM based prediction markets to DeFi, on PredictX, liquidity providers gain rewards from the fees per trade as well as other benefits, decided upon through governance.
The PredictX token (PRED) is used to maximize the liquidity for markets and optimize the incentives across all participants. To keep track of how much liquidity is provided, a certain number of synthetic tokens - sPRED is allocated to liquidity providers and is redeemed for the base currency (DAI).
Why do we like it?
✅ They launched the first version of the platform and are soon adding more DeFi integrations.
✅ Combat high Ethereum gas fees by deploying PredictX v1 on Binance Smart Chain (BSC) with later versions on Polkadot.
✅ Strong roadmap focused on building for the cross-chain ecosystem.
✅ Prediction markets as a new layer of DeFi
Socials
▪️ Telegram Chat: https://news.1rj.ru/str/PredictX_Official
▪️ Twitter: https://twitter.com/1PredictX
▪️ Blog: https://predictx-official.medium.com/
This is not sponsored nor paid content. If we find a relatively under the radar project that we believe has potential we post about it.
X (formerly Twitter)
PredictX (@1PredictX) on X
PredictX: Prediction Markets for DeFi
Upcoming ask me anything session with Render Token ($RNDR)!
🔥 Recently released app OctaneRender on Apple's App Store brings Mac users one-click access to all the tools needed to render artwork and animations on the RNDR network – the industry’s first decentralized GPU rendering platform. Recently hundreds of OctaneRender artists have successfully auctioned digital art as NFT's on the blockchain, the most famous being Beeple - with his latest art at the prestigious auction house Christie's - currently bid at $13.25M 🔥
📃 Render's Website
📃 Render's Telegram
⏰ The AMA will take place on March 12th from 15:30 to 16:30 UTC.
--------------------
Since launching in 2017, RNDR has been growing alongside a passionate community of GPU hardware enthusiasts, computer graphics experts and OctaneRender artists.
RNDR aims to (1) protect content creators' rights (2) protect creators' monetization (3) bring the power back to individuals.
--------------------
The AMA will take place in @cryptocaliburchat
🔥 Recently released app OctaneRender on Apple's App Store brings Mac users one-click access to all the tools needed to render artwork and animations on the RNDR network – the industry’s first decentralized GPU rendering platform. Recently hundreds of OctaneRender artists have successfully auctioned digital art as NFT's on the blockchain, the most famous being Beeple - with his latest art at the prestigious auction house Christie's - currently bid at $13.25M 🔥
📃 Render's Website
📃 Render's Telegram
⏰ The AMA will take place on March 12th from 15:30 to 16:30 UTC.
--------------------
Since launching in 2017, RNDR has been growing alongside a passionate community of GPU hardware enthusiasts, computer graphics experts and OctaneRender artists.
RNDR aims to (1) protect content creators' rights (2) protect creators' monetization (3) bring the power back to individuals.
--------------------
The AMA will take place in @cryptocaliburchat
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CryptoCalibur Team Pick - New Selection!
----
Unifty ($NIF)
https://unifty.io/
--
The CryptoCalibur Team has been researching Unifty for a few weeks, and we are now making the move to add it to our list of Team Picks. Unifty is a one-of-a-kind truly decentralized cross-platform project targeting the powerfully emerging Non-Fungible Token (NFT) market.
Things we like:
✅ Fair Launch TGE – Released straight to UniSwap with just 1 million in circulating supply. 5 million total supply with 4 million currently short term-locked and long-term re-lock scheduled.
✅ Strong Development Team – Pushing the boundaries of the status quo, with an intent to continue.
✅ True Ownership – Unlike most other NFT creation platforms, you own your contracts.
✅ Cross-Chain – Supports Ethereum, Matic, xDAI, Binance Smart Chain, Celo with Polkadot and Moonbeam on the way. This is unique within the NFT universe.
✅ Chain Bridging – Create an NFT on one platform and move to another as needed.
✅ Farming – This optional feature allows the creator to choose the rules and rewards they want, the NIF platform makes it happen.
✅ Interactive NFT capabilities – Tie the behavior of an NFT to external actions. Such as an API or a wallet balance, for example, but possibilities are endless.
✅ New Front End Pending – Entire site redesign on the way.
✅ Marketplace Pending – Soon to be released vibrant trading platform.
✅ Early Days - Ranked #700 on CoinGecko. Available currently on just 2 exchanges.
https://www.coingecko.com/en/coins/unifty#markets
CryptoCalibur Team Pick - New Selection!
----
Unifty ($NIF)
https://unifty.io/
--
The CryptoCalibur Team has been researching Unifty for a few weeks, and we are now making the move to add it to our list of Team Picks. Unifty is a one-of-a-kind truly decentralized cross-platform project targeting the powerfully emerging Non-Fungible Token (NFT) market.
Things we like:
✅ Fair Launch TGE – Released straight to UniSwap with just 1 million in circulating supply. 5 million total supply with 4 million currently short term-locked and long-term re-lock scheduled.
✅ Strong Development Team – Pushing the boundaries of the status quo, with an intent to continue.
✅ True Ownership – Unlike most other NFT creation platforms, you own your contracts.
✅ Cross-Chain – Supports Ethereum, Matic, xDAI, Binance Smart Chain, Celo with Polkadot and Moonbeam on the way. This is unique within the NFT universe.
✅ Chain Bridging – Create an NFT on one platform and move to another as needed.
✅ Farming – This optional feature allows the creator to choose the rules and rewards they want, the NIF platform makes it happen.
✅ Interactive NFT capabilities – Tie the behavior of an NFT to external actions. Such as an API or a wallet balance, for example, but possibilities are endless.
✅ New Front End Pending – Entire site redesign on the way.
✅ Marketplace Pending – Soon to be released vibrant trading platform.
✅ Early Days - Ranked #700 on CoinGecko. Available currently on just 2 exchanges.
https://www.coingecko.com/en/coins/unifty#markets
Even as NFT hype makes big news lately, the sector's total market capitalization remains quite small at just $8.7B. Additionally, fully 60% of this valuation is held by just 3 projects (ENJ, MANA, FLOW). We expect the space to grow massively and rapidly over the next few years.
🔥 Bottom line, NFT development and investment opportunities are in their infancy and Unifty is well positioned to outperform.CoinGecko
Cryptocurrency Prices, Charts, and Crypto Market Cap | CoinGecko
View top cryptocurrency prices live, crypto charts, market cap, and trading volume. Discover today’s new and trending coins, top crypto gainers and losers in the market.
🗞 Cryptocurrency Weekly News | March 15th, 2021 🗞
Greetings everyone to Bitcoin Existence Day 4454.
We have something interesting to talk about. New all time high!
YES!
But followed by an immediate fade.
NO!
Thinking back to last week’s entry, we defined 3 possible technical paths forward. As it turned out, Possibility 1 (the most likely) was a breakout. We got that. However, it was on very light volume. Unimpressive. Not too surprisingly, price has slipped back. Worse of all, the old high did not provide support as it should in a healthy trend. Read more and view the technical charts.
Highlights of The Week
🏦 New JPMorgan report on Bitcoin outlines opportunities in crypto markets
❓ Twitter suspends accounts of PlanB, CryptoDog, and other crypto influencers
⚡️ Ethereum could scale 100x in a few months, says Vitalik Buterin
🎯 $64 billion asset manager files Bitcoin ETF proposal
👨🏫 American investment research giant is educating investors on Bitcoin
NFTs Dominate Proceedings Once Again
NFTs continued to attract attention, and spending on non-fungible tokens reached new heights over the past week. However, Bitcoin was not completely outdone as MicroStrategy announced yet another BTC purchase with the tech giant declaring it had acquired 262 Bitcoin for approximately $15m. The purchase brought MicroStrategy’s holdings to just over 91,000 Bitcoin, and a filing with the Securities and Exchanges Commission (SEC) by LedgerPrime revealed that the firm sold $49.5m worth of securities in order to invest in Bitcoin and Ethereum.
The digital asset investment firm was established in 2017, and plans to make BTC and ETH purchases in order to both hold the assets and trade them using systematic quantitative strategies. Meanwhile, BlockFi, the US-based digital asset and financial services company secured a $3B valuation after completing its recent $350m Series D fundraising round. The company allows its users to buy and sell cryptocurrencies, earn yields on assets deposited on their platform, and to take out US Dollar loans by using digital assets such as Bitcoin as collateral. Read more.
Greetings everyone to Bitcoin Existence Day 4454.
We have something interesting to talk about. New all time high!
YES!
But followed by an immediate fade.
NO!
Thinking back to last week’s entry, we defined 3 possible technical paths forward. As it turned out, Possibility 1 (the most likely) was a breakout. We got that. However, it was on very light volume. Unimpressive. Not too surprisingly, price has slipped back. Worse of all, the old high did not provide support as it should in a healthy trend. Read more and view the technical charts.
Highlights of The Week
🏦 New JPMorgan report on Bitcoin outlines opportunities in crypto markets
❓ Twitter suspends accounts of PlanB, CryptoDog, and other crypto influencers
⚡️ Ethereum could scale 100x in a few months, says Vitalik Buterin
🎯 $64 billion asset manager files Bitcoin ETF proposal
👨🏫 American investment research giant is educating investors on Bitcoin
NFTs Dominate Proceedings Once Again
NFTs continued to attract attention, and spending on non-fungible tokens reached new heights over the past week. However, Bitcoin was not completely outdone as MicroStrategy announced yet another BTC purchase with the tech giant declaring it had acquired 262 Bitcoin for approximately $15m. The purchase brought MicroStrategy’s holdings to just over 91,000 Bitcoin, and a filing with the Securities and Exchanges Commission (SEC) by LedgerPrime revealed that the firm sold $49.5m worth of securities in order to invest in Bitcoin and Ethereum.
The digital asset investment firm was established in 2017, and plans to make BTC and ETH purchases in order to both hold the assets and trade them using systematic quantitative strategies. Meanwhile, BlockFi, the US-based digital asset and financial services company secured a $3B valuation after completing its recent $350m Series D fundraising round. The company allows its users to buy and sell cryptocurrencies, earn yields on assets deposited on their platform, and to take out US Dollar loans by using digital assets such as Bitcoin as collateral. Read more.
CryptoCalibur
Cryptocurrency Weekly News | Mar. 15th, 2021 | CryptoCalibur
Stay on top of your game through our weekly news and cryptocurrency market analysis — NFTs Dominate Proceedings Once Again...
Upcoming ask me anything session with Unifty ($NIF)!
🔥 Unifty is a one-of-a-kind truly decentralized cross-platform project targeting the powerfully emerging Non-Fungible Token (NFT) market. 🔥
📃 Unifty's Website
📃 Unifty's Telegram
⏰ The AMA will take place on March 21st from 15:00 to 16:00 UTC.
--------------------
Unifty is aiming to become the major hub for exchanging, creating, managing and bringing to market NFTs and collectibles. Unifty truly allows you to own the collections you create.
For example at Rarible, your NFTs belong to the Rarible collection and aren't technically yours. On the other hand, custom erc155 collections at Unifty are approx. 50% cheaper than custom erc1155 collections at Rarible. If you intend to build a community around your NFTs it is critical that you have full ownership and administrative privileges over all contracts in play.
--------------------
The AMA will take place in @cryptocaliburchat
🔥 Unifty is a one-of-a-kind truly decentralized cross-platform project targeting the powerfully emerging Non-Fungible Token (NFT) market. 🔥
📃 Unifty's Website
📃 Unifty's Telegram
⏰ The AMA will take place on March 21st from 15:00 to 16:00 UTC.
--------------------
Unifty is aiming to become the major hub for exchanging, creating, managing and bringing to market NFTs and collectibles. Unifty truly allows you to own the collections you create.
For example at Rarible, your NFTs belong to the Rarible collection and aren't technically yours. On the other hand, custom erc155 collections at Unifty are approx. 50% cheaper than custom erc1155 collections at Rarible. If you intend to build a community around your NFTs it is critical that you have full ownership and administrative privileges over all contracts in play.
--------------------
The AMA will take place in @cryptocaliburchat
🔴 NEW PROJECT ON OUR RADAR 🔴
CryptoCalibur Interest Level: 🔥 Potentially High 🔥
Holvi Finance unites the power of DeFi and NFT, it is a decentralized platform designed to bring automatic asset allocation across DeFi instruments. Each vault has its own smart contract with pre-programmed logic. The vault is a gateway for every DeFi instrument/yield opportunity.
What’s with the NFT hype?
Non-fungible tokens (NFTs) as an umbrella term refers to each digital token being unique. Each token contains key value pairs that optionally reference off-chain media, and/or characteristics unique to the token. They're little data containers being shipped around the blockchain between addresses.
Each NFT has a digital hash imprinted into its being that makes it different from another NFT. This is perfect for tracking Proof of Provenance (PoP), a type of documented evidence that establishes the real owner of a token and its entire transaction history. The most popular NFTs have a few unique data points which is why people care about them.
▪️ NFTs have their creator's address saved as part of the NFT.
▪️ The current owner of the NFT is known publicly.
▪️ A royalty % may be set in the NFT token. When the NFT is traded at any point in time, between any two addresses, the royalty cut from the sale will be redirected to the Creator’s address.
What is Holvi?
The use of memes, fan art, and multi-media assets in the crypto space has led to the rise in the popularity of NFTs. Users can tokenize their artistic renditions and sell them on NFT marketplaces. Others can then buy NFTs to create collections or for the purpose of investment speculation. There is a growing interest in not only owning NFTs but also a desire to invest in baskets containing those NFTs and marketplaces. The rise of NFT marketplaces in recent months has shown that there is a financial incentive to participate in this segment and that the community is drawn to it.
Holvi is the first vault service to offer NFT staking and NFT rewards in addition to regular yields. Once you choose a vault you can passively earn yields and NFT’s. This allows users to minimize network fees and time spent researching instruments.
Holvi is building a vault that will be a gateway for DeFi instruments and yield opportunities. With community governed strategies, investors can capitalize on a batch of DeFi yield products. The platform will prevoide users with easier and more intuitive access to the world of NFTs. Holvi will utilize the Pancakeswap liquidity pools, where they aim to attract liquidity providers with APY rewards and NFT rewards. Demand for $HOLVI will be driven by the opportunity to participate in staking and liquidity farming with NFT rewards. Additionally, service fees are applied to all strategies, which will be used for buying $HOLVI from the market.
Why do we like it?
✅ Building on Binance Smart Chain (BSC) in order to resolve high gas prices on the Ethereum platform. Hype is there for now and should reflect positively on price action upon trading.
✅ The company has received its seed investment and are underway building the MVP.
✅ A clear Go-To market strategy and a strong team already established in crypto.
✅ Positioned in the middle of a rapidly expanding segment. NFT projects are bound to see increased growth as interest in the market rises. This gives Holvi a unique opportunity to address the needs of a growing market.
Socials
▪️Telegram Chat: https://news.1rj.ru/str/holvi_finance
▪️Twitter: https://twitter.com/HolviFinance
CryptoCalibur Interest Level: 🔥 Potentially High 🔥
The first NFT vaultHolvi Finance unites the power of DeFi and NFT, it is a decentralized platform designed to bring automatic asset allocation across DeFi instruments. Each vault has its own smart contract with pre-programmed logic. The vault is a gateway for every DeFi instrument/yield opportunity.
What’s with the NFT hype?
Non-fungible tokens (NFTs) as an umbrella term refers to each digital token being unique. Each token contains key value pairs that optionally reference off-chain media, and/or characteristics unique to the token. They're little data containers being shipped around the blockchain between addresses.
Each NFT has a digital hash imprinted into its being that makes it different from another NFT. This is perfect for tracking Proof of Provenance (PoP), a type of documented evidence that establishes the real owner of a token and its entire transaction history. The most popular NFTs have a few unique data points which is why people care about them.
▪️ NFTs have their creator's address saved as part of the NFT.
▪️ The current owner of the NFT is known publicly.
▪️ A royalty % may be set in the NFT token. When the NFT is traded at any point in time, between any two addresses, the royalty cut from the sale will be redirected to the Creator’s address.
What is Holvi?
The use of memes, fan art, and multi-media assets in the crypto space has led to the rise in the popularity of NFTs. Users can tokenize their artistic renditions and sell them on NFT marketplaces. Others can then buy NFTs to create collections or for the purpose of investment speculation. There is a growing interest in not only owning NFTs but also a desire to invest in baskets containing those NFTs and marketplaces. The rise of NFT marketplaces in recent months has shown that there is a financial incentive to participate in this segment and that the community is drawn to it.
Holvi is the first vault service to offer NFT staking and NFT rewards in addition to regular yields. Once you choose a vault you can passively earn yields and NFT’s. This allows users to minimize network fees and time spent researching instruments.
Holvi is building a vault that will be a gateway for DeFi instruments and yield opportunities. With community governed strategies, investors can capitalize on a batch of DeFi yield products. The platform will prevoide users with easier and more intuitive access to the world of NFTs. Holvi will utilize the Pancakeswap liquidity pools, where they aim to attract liquidity providers with APY rewards and NFT rewards. Demand for $HOLVI will be driven by the opportunity to participate in staking and liquidity farming with NFT rewards. Additionally, service fees are applied to all strategies, which will be used for buying $HOLVI from the market.
Why do we like it?
✅ Building on Binance Smart Chain (BSC) in order to resolve high gas prices on the Ethereum platform. Hype is there for now and should reflect positively on price action upon trading.
✅ The company has received its seed investment and are underway building the MVP.
✅ A clear Go-To market strategy and a strong team already established in crypto.
✅ Positioned in the middle of a rapidly expanding segment. NFT projects are bound to see increased growth as interest in the market rises. This gives Holvi a unique opportunity to address the needs of a growing market.
Socials
▪️Telegram Chat: https://news.1rj.ru/str/holvi_finance
▪️Twitter: https://twitter.com/HolviFinance
Konomi Network 🤝 ETHA Lend
ETHA’s full interoperability coming together nicely!
https://twitter.com/ethalend/status/1373997865438183426
ETHA’s full interoperability coming together nicely!
https://twitter.com/ethalend/status/1373997865438183426
Twitter
ETHA
We are delighted to announce a strategic partnership with @KonomiNetwork, one of the most promising decentralized liquidity & money market on @Polkadot. Find out more details here 👇👇👇 https://t.co/lqJBQSs8QC
Recap of the Unifty Ask Me Anything session from the 21st of March, 2021
Stay informed!
➡️ Click for Recap ⬅️
Stay informed!
➡️ Click for Recap ⬅️
🗞 Cryptocurrency Weekly News | March 22nd, 2021 🗞
Greetings everyone to Bitcoin Existence Day 4461.
BITCOIN IS BORING!
Overstatement? Yes, for sure – but it is a pretty good denoscription of the last week’s BTC price action. In our last update, we talked about the possibility of a price break below the 13-day moving average. That actually did occur, almost immediately. But buyers stepped in, price fully recovered, and we’ve been flatlined just under ATH resistance ever since. Read more and view the technical charts.
Highlights of The Week
✅ AAVE enables Uniswap and Balancer LP tokens for collateral
🎯 Polkadot to enhance interoperability between networks by releasing decentralized bridges
🤩 Institutions bet big on Bitcoin
🥼 VISA says it’s developing a Bitcoin and crypto business
👀 Ethereum could reduce fees with batch transactions
🚀 Ethereum locked in DeFi hits an all-time high at $16.5B, 8.3% of its supply
💩 Coinbase exploring support for 43 altcoins after addition of crypto asset Cardano
🇹🇷 Bitcoin hits $100,000 in Turkish P2P markets as Lira plummets
🇧🇷 Brazil approves first Bitcoin ETF in Latin America
The Market Recovers from an Early Bitcoin Dip to Reveal an Ongoing Bullish Sentiment
The market was thrust into a state of mild panic early on Monday as the price of Bitcoin fell by around 6% in close to four hours. The sudden dip saw over $800m worth of long positions get liquidated within a 15 minute timeframe, with Binance losing more than 10% worth of open interest in a 30 minute period while Bybit lost 8.5% and Huobi lost 7.6%.
Bybit also revealed that 194,541 traders were liquidated over a 24 hour period for a total of approximately $1.83B, and the sudden cascade of liquidations was partly responsible for Bitcoin falling below $57,000.
Monday also saw PancakeSwap suffer a DNS hijack while a number of DeFi platforms including Cream Finance were also attacked. However, despite this shaky start to the week, the ongoing bullish sentiment soon began to reveal itself as Bitcoin options open interest moved close to $15B which heralded a new all-time-high, while Bitcoin futures options open interest hit $22.5B which also represented a new record high. Read more.
Greetings everyone to Bitcoin Existence Day 4461.
BITCOIN IS BORING!
Overstatement? Yes, for sure – but it is a pretty good denoscription of the last week’s BTC price action. In our last update, we talked about the possibility of a price break below the 13-day moving average. That actually did occur, almost immediately. But buyers stepped in, price fully recovered, and we’ve been flatlined just under ATH resistance ever since. Read more and view the technical charts.
Highlights of The Week
✅ AAVE enables Uniswap and Balancer LP tokens for collateral
🎯 Polkadot to enhance interoperability between networks by releasing decentralized bridges
🤩 Institutions bet big on Bitcoin
🥼 VISA says it’s developing a Bitcoin and crypto business
👀 Ethereum could reduce fees with batch transactions
🚀 Ethereum locked in DeFi hits an all-time high at $16.5B, 8.3% of its supply
💩 Coinbase exploring support for 43 altcoins after addition of crypto asset Cardano
🇹🇷 Bitcoin hits $100,000 in Turkish P2P markets as Lira plummets
🇧🇷 Brazil approves first Bitcoin ETF in Latin America
The Market Recovers from an Early Bitcoin Dip to Reveal an Ongoing Bullish Sentiment
The market was thrust into a state of mild panic early on Monday as the price of Bitcoin fell by around 6% in close to four hours. The sudden dip saw over $800m worth of long positions get liquidated within a 15 minute timeframe, with Binance losing more than 10% worth of open interest in a 30 minute period while Bybit lost 8.5% and Huobi lost 7.6%.
Bybit also revealed that 194,541 traders were liquidated over a 24 hour period for a total of approximately $1.83B, and the sudden cascade of liquidations was partly responsible for Bitcoin falling below $57,000.
Monday also saw PancakeSwap suffer a DNS hijack while a number of DeFi platforms including Cream Finance were also attacked. However, despite this shaky start to the week, the ongoing bullish sentiment soon began to reveal itself as Bitcoin options open interest moved close to $15B which heralded a new all-time-high, while Bitcoin futures options open interest hit $22.5B which also represented a new record high. Read more.
CryptoCalibur
Cryptocurrency Weekly News | Mar. 22nd, 2021 | CryptoCalibur
Stay on top of your game through our weekly news and cryptocurrency market analysis — NFTs & DeFi Take Center Stage...
🗞 Cryptocurrency Weekly News | March 28th, 2021 🗞
Greetings everyone to Bitcoin Existence Day 4468.
In the past week we saw a first hint of Bitcoin price weakness. Let’s jump right to the chart, and then discuss what we are seeing below.
We’ve been following a dominant and sharp trendline (in red) that dates back to December 10. Over the course of 15 weeks, price found support on this trendline a total of 3 times as marked by the UP pointing arrow. Finally, last week, we broke that trendline as marked by the DOWN arrow.
We’ve been discussing this possibility for a while, and it was only a matter of time. But with that trendline invalidated finally I will be removing it from the chart going forward. At this point we can rule out the most bullish of 3 paths forward that we outlined here.
Read more and view the technical charts.
Institutional, Commercial, and Mainstream Adoption all Continue at a Steady Pace
In continuation with last week’s theme, the overall positive sentiment surrounding the sector displayed itself again this week and was partly illustrated by the news that Tether’s USDT hit a $40B market capitalization. At the same time, the supply of Wrapped BTC (WBTC) hit a new all-time high of $137,300, highlighting the growing adoption and usage of various DeFi platforms.
The institutional adoption of crypto assets also showed no signs of slowing down and news spread early last week that Goldman Sachs has filed an application with the US Securities and Exchange Commission (SEC) for an investment product linked to Bitcoin. The proposed investment product will track the ARK Innovation ETF which is invested in Grayscale, therefore exposing Goldman Sachs’ clients to Bitcoin, even if only indirectly.
On the other side of the globe, New Zealand Funds Management Ltd. (NZ Funds) revealed that its KiwiSaver Growth Strategy Fund has invested 5% of its holding in Bitcoin. The fund is available to New Zealanders as part of the nation’s governmental KiwiSaver program, and the KiwiSaver Growth Fund had NZ$350 million or approximately US$244 million in assets at the end of 2020, and actually began purchasing Bitcoin in October last year. Read more.
Greetings everyone to Bitcoin Existence Day 4468.
In the past week we saw a first hint of Bitcoin price weakness. Let’s jump right to the chart, and then discuss what we are seeing below.
We’ve been following a dominant and sharp trendline (in red) that dates back to December 10. Over the course of 15 weeks, price found support on this trendline a total of 3 times as marked by the UP pointing arrow. Finally, last week, we broke that trendline as marked by the DOWN arrow.
We’ve been discussing this possibility for a while, and it was only a matter of time. But with that trendline invalidated finally I will be removing it from the chart going forward. At this point we can rule out the most bullish of 3 paths forward that we outlined here.
Read more and view the technical charts.
Institutional, Commercial, and Mainstream Adoption all Continue at a Steady Pace
In continuation with last week’s theme, the overall positive sentiment surrounding the sector displayed itself again this week and was partly illustrated by the news that Tether’s USDT hit a $40B market capitalization. At the same time, the supply of Wrapped BTC (WBTC) hit a new all-time high of $137,300, highlighting the growing adoption and usage of various DeFi platforms.
The institutional adoption of crypto assets also showed no signs of slowing down and news spread early last week that Goldman Sachs has filed an application with the US Securities and Exchange Commission (SEC) for an investment product linked to Bitcoin. The proposed investment product will track the ARK Innovation ETF which is invested in Grayscale, therefore exposing Goldman Sachs’ clients to Bitcoin, even if only indirectly.
On the other side of the globe, New Zealand Funds Management Ltd. (NZ Funds) revealed that its KiwiSaver Growth Strategy Fund has invested 5% of its holding in Bitcoin. The fund is available to New Zealanders as part of the nation’s governmental KiwiSaver program, and the KiwiSaver Growth Fund had NZ$350 million or approximately US$244 million in assets at the end of 2020, and actually began purchasing Bitcoin in October last year. Read more.
CryptoCalibur
Cryptocurrency Weekly News | Mar. 28th, 2021 | CryptoCalibur
Stay on top of your game through our weekly news and cryptocurrency market analysis — Institutional, Commercial, and Mainstream Adoption...
Please enjoy the April 2021 CryptoCalibur Team Picks Technical Analysis article.
📈📉📈📉📈
——-
https://cryptocalibur.com/cryptocalibur-team-picks-april-2021-technical-analysis/
📈📉📈📉📈
——-
https://cryptocalibur.com/cryptocalibur-team-picks-april-2021-technical-analysis/
CryptoCalibur
CryptoCalibur Team Picks - April 2021 Technical Analysis | CryptoCalibur % %
Greetings, all. The 2020 crypto bull market has slowed a bit, but continues to grind ever higher. One new CryptoCalibur Team Pick project was added in the month of March, cross-chain NFT project Unifty ($NIF)!
🗞 Cryptocurrency Weekly News | April 7th, 2021 🗞
Greetings everyone to Bitcoin Existence Day 4475.
Very little has changed in the last week, so today’s entry will be short and sweet. But I’d like to begin with the sentence that rounded out the conclusion of BTC price action last week:
“For now, Scenario 2 becomes the most likely path forward. If this plays out, expect a few weeks of frustration from both the bull and bear camp as one impatiently waits for a breakout, and the other for a plunge.”
Indeed, even as Ethereum has flirted with a new high, Bitcoin remains just under and has been virtually flatlined for over a week. Is this loss of momentum hinting at a possible correction in our future? Or a healthy pause to allow long-term moving averages to rise and serve as future potential support? A little of both? Read more and view the technical charts.
Ethereum Rallies Ahead of the Coming Berlin Half Fork
Ethereum made a significant move last week and pushed past $2k to set a new all time high ahead of next week’s Berlin hard fork. The price of ETH reached a new high after hitting $2060 on April 2nd, with the Berlin hard fork scheduled for April 14 at block height 12,244,000. The Berlin upgrade incorporates multiple Ethereum Improvement Proposals (EIPs), and addresses problems with gas mechanisms alongside other pressing issues.
Last week signified the ending of March and Q1, and allows us to take stock of Ethereum’s recent price performance. ETH had six consecutive positive months, starting with an 8% increase in October 2020, and continuing on to March’s 35% gain.
The gains made over March also confirmed that ETH has had five consecutive positive quarters starting with a 3% increase in Q1 of 2020, which led to significant gains of 69%, 59%, and 105% over the following quarters of 2020. These were subsequently followed by a jump of 159% over Q1 of 2021 highlighting the increasing bullish sentiment around ETH, and the entire Ethereum ecosystem. Read more.
Greetings everyone to Bitcoin Existence Day 4475.
Very little has changed in the last week, so today’s entry will be short and sweet. But I’d like to begin with the sentence that rounded out the conclusion of BTC price action last week:
“For now, Scenario 2 becomes the most likely path forward. If this plays out, expect a few weeks of frustration from both the bull and bear camp as one impatiently waits for a breakout, and the other for a plunge.”
Indeed, even as Ethereum has flirted with a new high, Bitcoin remains just under and has been virtually flatlined for over a week. Is this loss of momentum hinting at a possible correction in our future? Or a healthy pause to allow long-term moving averages to rise and serve as future potential support? A little of both? Read more and view the technical charts.
Ethereum Rallies Ahead of the Coming Berlin Half Fork
Ethereum made a significant move last week and pushed past $2k to set a new all time high ahead of next week’s Berlin hard fork. The price of ETH reached a new high after hitting $2060 on April 2nd, with the Berlin hard fork scheduled for April 14 at block height 12,244,000. The Berlin upgrade incorporates multiple Ethereum Improvement Proposals (EIPs), and addresses problems with gas mechanisms alongside other pressing issues.
Last week signified the ending of March and Q1, and allows us to take stock of Ethereum’s recent price performance. ETH had six consecutive positive months, starting with an 8% increase in October 2020, and continuing on to March’s 35% gain.
The gains made over March also confirmed that ETH has had five consecutive positive quarters starting with a 3% increase in Q1 of 2020, which led to significant gains of 69%, 59%, and 105% over the following quarters of 2020. These were subsequently followed by a jump of 159% over Q1 of 2021 highlighting the increasing bullish sentiment around ETH, and the entire Ethereum ecosystem. Read more.
CryptoCalibur
Cryptocurrency Weekly News | April 7th, 2021 | CryptoCalibur
Stay on top of your game through our weekly news and cryptocurrency market analysis — Ethereum Rallies Ahead of the Coming Berlin Half Fork...
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CryptoCalibur Team Pick : Asset Removal -- VELO
—-
Greetings everyone.
Today we have made the internal decision to remove Velo Protocol ($VELO) from our portfolio of Team Picks.
Velo has been difficult to understand lately, both fundamentally and technically. Fundamentally the team and project have many advantages, but so far they have been unable to capture market attention and traction. Technically, the chart is a mystery and has experienced a series of mysterious pumps and dumps, especially since the turn of the year. It seems truly unknowable as to whether this token is heading to $10 or to zero. For these reasons, we are moving out of the position.
Results:
Entry: $0.4267
Exit: $0.7904
Profit/(Loss): 85%
Above please find a listing of our entire current and former selections.
---
CryptoCalibur Team Pick : Asset Removal -- VELO
—-
Greetings everyone.
Today we have made the internal decision to remove Velo Protocol ($VELO) from our portfolio of Team Picks.
Velo has been difficult to understand lately, both fundamentally and technically. Fundamentally the team and project have many advantages, but so far they have been unable to capture market attention and traction. Technically, the chart is a mystery and has experienced a series of mysterious pumps and dumps, especially since the turn of the year. It seems truly unknowable as to whether this token is heading to $10 or to zero. For these reasons, we are moving out of the position.
Results:
Entry: $0.4267
Exit: $0.7904
Profit/(Loss): 85%
Above please find a listing of our entire current and former selections.
---
🗞 Cryptocurrency Weekly News | April 13th, 2021 🗞
Greetings everyone to Bitcoin Existence Day 4482.
Last week we noted that Bitcoin was essentially flatlined, yet Stochastics measures were still very near overbought.
This week let’s note that Bitcoin is essentially flatlined, yet Stochastics measures are even a bit more overbought. 🙂
Not too interesting, but that’s where we find ourselves yet again. Let’s jump straight to a chart.
We tick quietly and cautiously near our ATH, and our oscillator trends higher and higher toward a level that would imply buyer fatigue. Here we must point out that occasionally, on a breakout, an oscillator can go overbought and just stay there as price runs. So that is definitely a possibility. How will we know if that’s playing out? One clue will be the volume and power of the price candle breakout if a new high does in fact play out. Read more and view the technical charts.
Governments and Legislators Hone in as the Market Remains Bullish
There was no real let up this week as the total crypto market cap surpassed $2T with both Bitcoin and Ethereum fluctuating close to their all time high prices. While the market remained bullish, a number of governments pressed ahead with their plans to develop digital currencies with Japan and Sweden both announcing updates to their CBDC (Central Bank Digital Currency) schemes.
The Bank of Japan began an initiative on Monday to study the feasibility of issuing a digital currency, and the first phase of this exploratory initiative will run until March 2022. It will focus on testing the technical feasibility of issuing, distributing and redeeming a CBDC, and involve a number of commercial banking partners.
The Riksbank, Sweden’s central bank also announced its intention to test how the nation’s banks will be able to handle commercial and retail payments using the e-krona digital currency. The Riksbank had previously conducted internal pilot programs related to the viability of the e-krona, but testing will be broadened to include commercial banking participants in order to move onto the next phase of the e-currency project.
The Chinese island province Hainan also reaffirmed its intention to run a digital Yuan pilot scheme from April 12 to 25. The pilot will involve Sansha city’s municipal government, the Industrial and Commercial Bank of China’s Hainan branch, and the People’s Bank of China’s Haikou branch. Anyone participating in the program will receive a 99 Yuan ($15) discount for every 100 Yuan purchase made in supermarkets, hotels, and restaurants across the island. The test in Hainan actually heralds a second phase of cities testing CBDCs with Qingdao, Dalian, and Xi’an cities also taking part. Shanghai and Changsha were among the cities taking part in the initial stage of the pilot scheme. Read more.
Greetings everyone to Bitcoin Existence Day 4482.
Last week we noted that Bitcoin was essentially flatlined, yet Stochastics measures were still very near overbought.
This week let’s note that Bitcoin is essentially flatlined, yet Stochastics measures are even a bit more overbought. 🙂
Not too interesting, but that’s where we find ourselves yet again. Let’s jump straight to a chart.
We tick quietly and cautiously near our ATH, and our oscillator trends higher and higher toward a level that would imply buyer fatigue. Here we must point out that occasionally, on a breakout, an oscillator can go overbought and just stay there as price runs. So that is definitely a possibility. How will we know if that’s playing out? One clue will be the volume and power of the price candle breakout if a new high does in fact play out. Read more and view the technical charts.
Governments and Legislators Hone in as the Market Remains Bullish
There was no real let up this week as the total crypto market cap surpassed $2T with both Bitcoin and Ethereum fluctuating close to their all time high prices. While the market remained bullish, a number of governments pressed ahead with their plans to develop digital currencies with Japan and Sweden both announcing updates to their CBDC (Central Bank Digital Currency) schemes.
The Bank of Japan began an initiative on Monday to study the feasibility of issuing a digital currency, and the first phase of this exploratory initiative will run until March 2022. It will focus on testing the technical feasibility of issuing, distributing and redeeming a CBDC, and involve a number of commercial banking partners.
The Riksbank, Sweden’s central bank also announced its intention to test how the nation’s banks will be able to handle commercial and retail payments using the e-krona digital currency. The Riksbank had previously conducted internal pilot programs related to the viability of the e-krona, but testing will be broadened to include commercial banking participants in order to move onto the next phase of the e-currency project.
The Chinese island province Hainan also reaffirmed its intention to run a digital Yuan pilot scheme from April 12 to 25. The pilot will involve Sansha city’s municipal government, the Industrial and Commercial Bank of China’s Hainan branch, and the People’s Bank of China’s Haikou branch. Anyone participating in the program will receive a 99 Yuan ($15) discount for every 100 Yuan purchase made in supermarkets, hotels, and restaurants across the island. The test in Hainan actually heralds a second phase of cities testing CBDCs with Qingdao, Dalian, and Xi’an cities also taking part. Shanghai and Changsha were among the cities taking part in the initial stage of the pilot scheme. Read more.
CryptoCalibur
Cryptocurrency Weekly News | April 13th, 2021 | CryptoCalibur
Stay on top of your game through our weekly news and cryptocurrency market analysis — Governments & Legislators Hone in as the Market Remains Bullish
🗞 Cryptocurrency Weekly News | April 19th, 2021 🗞
Greetings everyone to Bitcoin Existence Day 4489.
Well, for at least the last 3 or 4 weeks we have been talking about diminishing momentum on Bitcoin, and a rising risk of a price retreat. Finally, over the weekend, we did in fact get the big bad event. A selloff.
For today’s discussion let’s first revisit what we said in our search for a conclusion last week:
“But it’s probably a bit more likely that even if we get a breakout, price won’t run too far or fast. In fact, a false breakout on weak volume would raise the risk of short-term failure, and price would likely retrace to the 50 day moving average or even the rising trend line below. With the status of our oscillator, this is a valid scenario to take serious.”
In fact, this is exactly what happened. The chart was broadcasting a breakout, and we got it. The oscillators were broadcasting poor follow through ability, and we certainly got that as well.
Let’s hop on to a chart now and discuss what it is trying to tell us. Read more and view the technical chart.
Coinbase’s Nasdaq Listing Dominates Another Event-Filled Week
The last seven days were packed full of significant events, and the listing of Coinbase shares on Nasdaq dominated the news for much of the week. However, before we focus on the COIN listing, a series of highly significant events also took place last week which deserve our attention.
The Berlin network upgrade for Ethereum went live at block 12244000 on April 15, and ETH subsequently ran up to a new all time high price the following day, hitting $2,544 on April 16, as Ethereum’s total open interest also surpassed $8B for the first time.
Not to be outdone, Bitcoin reached a new all-time-high on April 14 after topping $64,595 amid more bullish revelations. MicroStrategy announced that their Board of Directors would be paid in Bitcoin after the tech giant modified its compensation arrangements for non-employee directors. At the same time TIME President Keith Grossman revealed that the magazine would begin accepting payments in Bitcoin, and hold BTC on its balance sheet.
Coinbase’s global class A shares opened at $381 on Wednesday after launching on Nasdaq, as the cryptocurrency exchange made its landmark stock market debut. Shares for Coinbase Global Inc (COIN) became available as the company opted to go public via a direct listing in preference to going through an Initial Public Offering (IPO). While this meant that the company would not raise any additional funds it also meant that existing investors were not subject to any lock-up restrictions and were free to divest their holdings following the market listing. Read more.
Greetings everyone to Bitcoin Existence Day 4489.
Well, for at least the last 3 or 4 weeks we have been talking about diminishing momentum on Bitcoin, and a rising risk of a price retreat. Finally, over the weekend, we did in fact get the big bad event. A selloff.
For today’s discussion let’s first revisit what we said in our search for a conclusion last week:
“But it’s probably a bit more likely that even if we get a breakout, price won’t run too far or fast. In fact, a false breakout on weak volume would raise the risk of short-term failure, and price would likely retrace to the 50 day moving average or even the rising trend line below. With the status of our oscillator, this is a valid scenario to take serious.”
In fact, this is exactly what happened. The chart was broadcasting a breakout, and we got it. The oscillators were broadcasting poor follow through ability, and we certainly got that as well.
Let’s hop on to a chart now and discuss what it is trying to tell us. Read more and view the technical chart.
Coinbase’s Nasdaq Listing Dominates Another Event-Filled Week
The last seven days were packed full of significant events, and the listing of Coinbase shares on Nasdaq dominated the news for much of the week. However, before we focus on the COIN listing, a series of highly significant events also took place last week which deserve our attention.
The Berlin network upgrade for Ethereum went live at block 12244000 on April 15, and ETH subsequently ran up to a new all time high price the following day, hitting $2,544 on April 16, as Ethereum’s total open interest also surpassed $8B for the first time.
Not to be outdone, Bitcoin reached a new all-time-high on April 14 after topping $64,595 amid more bullish revelations. MicroStrategy announced that their Board of Directors would be paid in Bitcoin after the tech giant modified its compensation arrangements for non-employee directors. At the same time TIME President Keith Grossman revealed that the magazine would begin accepting payments in Bitcoin, and hold BTC on its balance sheet.
Coinbase’s global class A shares opened at $381 on Wednesday after launching on Nasdaq, as the cryptocurrency exchange made its landmark stock market debut. Shares for Coinbase Global Inc (COIN) became available as the company opted to go public via a direct listing in preference to going through an Initial Public Offering (IPO). While this meant that the company would not raise any additional funds it also meant that existing investors were not subject to any lock-up restrictions and were free to divest their holdings following the market listing. Read more.
🗞 Cryptocurrency Weekly News | April 26th, 2021 🗞
Greetings everyone to Bitcoin Existence Day 4496.
Today’s entry will be reasonably short. To pick back up from last week, we found the market finally experiencing a cycle of at least short-term weakness that began to threaten the venerable 50-day moving average. Since that point in time we went on to solidly take out that 50-day, and then trended further downward to break our recent lows and establish a new short-term lower low. Read more and view the technical chart.
Traders Brave the Sudden Market Dips to Stimulate Record Volumes
After an extended period of appreciation, the market moved into the red early in the week with most cryptocurrencies losing anywhere from 5% to 20% over Sunday/Monday. Bitcoin fell below $50,000 as Ethereum slipped below $2,200 and the total market cap dropped under $2T. As ever, analysts and commentators looked around for correlations to help explain the loss of value, and reports eventually surfaced of regional blackouts in the Xinjiang region of Northwest China which houses one of the world’s largest Bitcoin mining networks.
The blackouts caused mining operations to go offline and led to a drop in Bitcoin’s hash rate, with the hash rate actually dropping to its lowest level since November 2020. Sunday saw exchanges offering crypto futures execute an enormous amount of liquidations with a record $10B worth of positions being liquidated. The forced closure of long positions accounted for $9.26B or over 90% of total liquidations with Bitcoin futures accounting for over 50% of the total market-wide liquidations as Sunday ended. Read more.
Greetings everyone to Bitcoin Existence Day 4496.
Today’s entry will be reasonably short. To pick back up from last week, we found the market finally experiencing a cycle of at least short-term weakness that began to threaten the venerable 50-day moving average. Since that point in time we went on to solidly take out that 50-day, and then trended further downward to break our recent lows and establish a new short-term lower low. Read more and view the technical chart.
Traders Brave the Sudden Market Dips to Stimulate Record Volumes
After an extended period of appreciation, the market moved into the red early in the week with most cryptocurrencies losing anywhere from 5% to 20% over Sunday/Monday. Bitcoin fell below $50,000 as Ethereum slipped below $2,200 and the total market cap dropped under $2T. As ever, analysts and commentators looked around for correlations to help explain the loss of value, and reports eventually surfaced of regional blackouts in the Xinjiang region of Northwest China which houses one of the world’s largest Bitcoin mining networks.
The blackouts caused mining operations to go offline and led to a drop in Bitcoin’s hash rate, with the hash rate actually dropping to its lowest level since November 2020. Sunday saw exchanges offering crypto futures execute an enormous amount of liquidations with a record $10B worth of positions being liquidated. The forced closure of long positions accounted for $9.26B or over 90% of total liquidations with Bitcoin futures accounting for over 50% of the total market-wide liquidations as Sunday ended. Read more.
CryptoCalibur
Cryptocurrency Weekly News | April 26th, 2021 | CryptoCalibur
Stay on top of your game through our weekly news and cryptocurrency market analysis — Traders Brave the Sudden Market Dips to Stimulate Record Volumes
Please enjoy the May 2021 CryptoCalibur Team Picks Technical Analysis article.
📈📉📈📉📈
——-
https://cryptocalibur.com/cryptocalibur-team-picks-may-2021-technical-analysis/
📈📉📈📉📈
——-
https://cryptocalibur.com/cryptocalibur-team-picks-may-2021-technical-analysis/
CryptoCalibur
CryptoCalibur Team Picks - May 2021 Technical Analysis | CryptoCalibur % %
After a short pause, the 2021 crypto Bull Market trends higher, but with a bit of a character change. Leadership has moved from Bitcoin to Ethereum, as the smart contract platform surges higher and higher.To the charts...