analysis

Loopring CEO Moves 61.3 Million LRC, Triggering GameStop NFT Speculation

On Nov 16, a transaction of 61.3 million LRC being moved to layer 2 occurred on the Loopring network. The Crypto community speculates that this could be a move to support a forthcoming GameStop NFT marketplace.Sponsored Sponsored Investors and market speculators are having a field day after a recent Loopring transaction has them thinking that it could be related to a GameStop (GME) float. On Nov 16, a deposit of 61.3 million LRC, worth $164.8 million, on the Loopring Exchange occurred. The assets were also moved from layer 1 to

Bitcoin (BTC) Falls Sharply Towards $60,000 — Where Will It Find Support?

Bitcoin (BTC) decreased considerably on Nov 15 and followed it up with an even sharper fall on Nov 16. It is currently attempting to find support.Sponsored Sponsored BTC has been moving downwards since reaching an all-time high price of $69,000 on Nov 10. The downward movement was followed bearish divergences in both the MACD and RSI. Such occurrences often precede bearish trend reversals. The closest support level is found at $57,850. This is the 0.382 short-term (white) Fib retracement support level. If it fails to initiate a bounce, there would

Compound liquidity miners possess less than 20% COMP tokens

According to a new study, one of the industry’s largest DeFi protocols is experiencing a motivational crisis.  Alex Kroeger, an Ethereum researcher, discovered in his paper that the majority of Compound’s liquidity miners have little to no financial interest in the protocol and do not engage in its governance. The analysis looked at the top 100 accounts by accrued COMP from liquidity mining in order to show that Compound’s liquidity mining needs to be fixed. The miners at compound aren’t holders Compound was one of the first protocols to implement

First Mover Asia: Bitcoin Drifts Lower After Taproot Upgrade; Ether Drops

Good morning, Here’s what’s happening this morning: Market Moves: Bitcoin’s highly anticipated Taproot upgrade fails to produce any noticeable price pop. Technician’s take: Short-term upside appears to be limited given the loss of positive momentum. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $64,514 +0.4% Ether (ETH): $4,562 -1.7% Market moves Bitcoin was trading flat after Taproot, the blockchain’s biggest network upgrade in four years, went live. The upgrade, which took effect at 5:15 coordinated universal time (1:15 a.m.

Bitwise withdraws its application for a bitcoin futures ETF.

Cryptocurrency firm Bitwise has withdrawn its bitcoin futures ETF application, according to Bitwise CIO Matt Hougan, who announced on Twitter. However, the spot filing remains in play and competes with several other applications for the United States Securities and Exchange Commission’s (SEC) attention. Hougan explained the withdrawal, which on the whole comes down to spot ETFs being better for long-term investors and the costs associated with futures ETFs.  1/ Today, @BitwiseInvest withdrew its application to list a bitcoin *futures* ETF. (Our spot filing remains.) Thought I’d share our thinking. A

Shiba Inu Price Shows Strong Support, AMC Announces Plans to Accept $SHIB

After the bear trap last week, Shiba Inu’s price continued to decline throughout the day. However, the market showed strong support at the $0.000053 level and is currently trading at $0.000056. Let’s take a look at any relevant Shiba Inu news and see what this week has in store for us. Shiba Inu News In a press release published earlier today, Tokens.com – a publicly traded company – announced that it has purchased 833 Million Shiba Inu tokens. Andrew Kigues, Tokens.com CEO commented: “We believe we are the first publicly

New Slate of Speakers Announced for the 2021 Global Wellness Summit Reveals the Depth and Diversity of Disruption Underway in Health and Wellness

A diverse array of scientists, doctors, technologists and startup founders will keynote on the new concepts in health and wellness they’re busy inventing–shaking up everything from healthcare to higher education MIAMI (PRWEB) November 03, 2021 The 2021 Global Wellness Summit’s theme is “A New New Era in Health & Wellness”–and the numerous keynote speakers announced today powerfully illustrate that we are indeed entering an unprecedented time of wellness disruption and creativity. A diverse array of scientists, doctors, technologists and startup founders will keynote on the new concepts in health and

Shiba Inu Leads the Pack — Top Altcoin Gainers of October 2021

October was a very bullish month for cryptocurrencies. Bitcoin (BTC) increased by 32% and reached a new all-time high price on Oct 20 and six altcoins increased by triple digits, led by Shiba Inu (SHIB).Sponsored Sponsored The ten altcoins that increased the most during the month of October were: Shiba Inu (SHIB): 1005%Secret (SCRT): 350%Frax Share Price (FRX): 224%Fantom (FTM): 190%Curve DAO Token (CRV): 120%Harmony (ONE): 100%1Inch (1INCH): 97%Near Protocol (NEAR): 79%Thorchain (RUNE): 75%Axie Infinity (AXS): 67% SHIB SHIB has been moving upwards since the beginning of October. It has

Litecoin Is in a Deadlock, Unable to Breach $200 High

Nov 02, 2021 at 11:43 // News Litecoin (LTC) price is trading above the moving average but faces a rejection of the $200 high. Today, the LTC price has fallen to a low of $196. Buyers have been desperately trying to break above the resistance level since October 21. On the breakout on October 20, buyers pushed the altcoin to the high of $210, but were rejected. The LTC price dropped to $187 and corrected to the upside. The upward correction led to another decline on the downside. The market

How to Best Protect Your Money From Hackers as Crypto Markets Boom

“I got hacked and don’t even know how it happened,” mourned one crypto user on Twitter. “I left my wallet open in my browser on MetaMask and they got into my wallet. Lost all saitama, floki and hokk.”Sponsored Sponsored A small crypto investor, @ltjyaussie says he has always been careful with wallet security issues but did not know what hit him this time around. The Cyprus-based investor was a victim of a systematic attack. Against all his perceived defenses, he still got taken for a ride. He’s just one of

Weekly Cryptocurrency Market Analysis: Ethereum Renews Its Historical High, While Dogelon Mars Shows the Biggest Uptrend

Nov 02, 2021 at 10:33 // News Over the past 7 days, the cryptocurrency market has remained generally bullish. While Bitcoin seems to have stalled at its recent high, Ethereum has renewed its historical maximum. However, none of the flagship cryptocurrencies posted significant gains this week, so they were left out of the rating of the best weekly performers, composed by CoinIdol, a world blockchain news outlet. Here is how it looks from today's perspective. Dogelon Mars Dogelon Mars (ELON) seems to be the best performer among cryptocurrencies that have

Bitcoin (BTC) Regains Footing, Makes Run Toward New Highs

Bitcoin (BTC) has broken out from a short-term bearish pattern and validated it as support after, suggesting that the ongoing correction is complete.Sponsored Sponsored BTC has been decreasing since Oct 20, when it reached an all-time high price of $67,000. Since then, it has reached a local low of $57,820 on Oct 28.  BTC bounced at the 0.382 Fib retracement support level and has been moving upwards since reaching the lows.Sponsored Sponsored Despite the ongoing increase, technical indicators are not yet bullish. Both the RSI and MACD are decreasing, which