Forwarded from Glassnode
Bitcoin prices have been rejected from a series of psychological on-chain levels, related both to Older hands from the 2021-22 cycle and also for the Whale cohort. Profit- taking and capital flows have started to take place, although they remain low by historical standards.
In our latest Week On-chain report, we cover:
- Key on-chain cost basis levels related to HODLers and Whales.
- Adjusting for lost coins in the NUPL and MVRV metrics.
- Momentum forming within the On-chain Activity space.
- Resistance faced as profits are taken on the impulse higher.
Read more in The Week On-chain, or watch our latest video report.
In our latest Week On-chain report, we cover:
- Key on-chain cost basis levels related to HODLers and Whales.
- Adjusting for lost coins in the NUPL and MVRV metrics.
- Momentum forming within the On-chain Activity space.
- Resistance faced as profits are taken on the impulse higher.
Read more in The Week On-chain, or watch our latest video report.
Summary of the day, March 7
🌎 Ripple survey suggests Latam merchants will adopt crypto payments massively after three years: Latam merchants will be slower in adopting cryptocurrency payments compared to merchants in other regions, according to the latest payments survey conducted by Ripple and the Faster Payments Council. The survey, which polled close to 300 payment leaders at a worldwide level, suggests that massive crypto adoption for payments will solidify in three years.
⛏ While Bitcoin's hashrate remains sky-high, merge-mined crypto asset networks benefit: In recent times, Bitcoin’s hashrate has been consistently above 300 exahash per second (EH/s) as multiple mining pools dedicate significant hashpower to the Bitcoin blockchain today. Interestingly, some of the world’s top bitcoin mining pools are also using their hashrate to merge-mine other coins, and these networks have benefited from bitcoin’s increased hashrate.
🧑⚖️ SEC files emergency action against Bkcoin in $100 million crypto fraud scheme: The U.S. Securities and Exchange Commission (SEC) has filed an emergency action against Miami-based investment adviser Bkcoin and one of its principals, Kevin Kang. “The defendants disregarded the structure of the funds, commingled investor assets, and used more than $3.6 million to make Ponzi-like payments to fund investors,” the SEC alleged.
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👉 Source: https://www.taurushq.com/
🌎 Ripple survey suggests Latam merchants will adopt crypto payments massively after three years: Latam merchants will be slower in adopting cryptocurrency payments compared to merchants in other regions, according to the latest payments survey conducted by Ripple and the Faster Payments Council. The survey, which polled close to 300 payment leaders at a worldwide level, suggests that massive crypto adoption for payments will solidify in three years.
⛏ While Bitcoin's hashrate remains sky-high, merge-mined crypto asset networks benefit: In recent times, Bitcoin’s hashrate has been consistently above 300 exahash per second (EH/s) as multiple mining pools dedicate significant hashpower to the Bitcoin blockchain today. Interestingly, some of the world’s top bitcoin mining pools are also using their hashrate to merge-mine other coins, and these networks have benefited from bitcoin’s increased hashrate.
🧑⚖️ SEC files emergency action against Bkcoin in $100 million crypto fraud scheme: The U.S. Securities and Exchange Commission (SEC) has filed an emergency action against Miami-based investment adviser Bkcoin and one of its principals, Kevin Kang. “The defendants disregarded the structure of the funds, commingled investor assets, and used more than $3.6 million to make Ponzi-like payments to fund investors,” the SEC alleged.
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👉 Source: https://www.taurushq.com/
Forwarded from ICO Analytics (StandWithUkraine 🇺🇦)
Web traffic to crypto exchanges in February 2023. According to the data from SimilarWeb in February a cumulative web traffic to cryptocurrency exchanges has remained at the same level as in January (excluding abnormal spike in traffic to Huobi).
Daily Market Brief - 08.03.2023
Market glance
Total market cap / 24h chg: $1,007,535,539,496 / -1.72% 🟥
BTC Dominance / 24h chg: 42.20% / -0.24% 🟥
Today, the crypto market has experienced a downturn due to concerns over high inflation and the possibility of an interest rate hike, which were triggered by hawkish statements from the US Federal Reserve chair Jerome Powell. Powell indicated that the latest economic data showed a higher-than-expected increase in inflation and that "the ultimate level of interest rates is likely to surpass previous estimates". As a result, the US stock market has declined, with BTC currently trading below $22k and Ether around $1'550. In addition, recent enforcement actions against Paxos and Binance, as well as the recent SEC crackdown on centralized staking, have hindered the development of sustainable bullish momentum throughout the market.
Market glance
Total market cap / 24h chg: $1,007,535,539,496 / -1.72% 🟥
BTC Dominance / 24h chg: 42.20% / -0.24% 🟥
Today, the crypto market has experienced a downturn due to concerns over high inflation and the possibility of an interest rate hike, which were triggered by hawkish statements from the US Federal Reserve chair Jerome Powell. Powell indicated that the latest economic data showed a higher-than-expected increase in inflation and that "the ultimate level of interest rates is likely to surpass previous estimates". As a result, the US stock market has declined, with BTC currently trading below $22k and Ether around $1'550. In addition, recent enforcement actions against Paxos and Binance, as well as the recent SEC crackdown on centralized staking, have hindered the development of sustainable bullish momentum throughout the market.
Summary of the day, March 8
🇺🇸 Fed chair Powell on Crypto: We see turmoil, fraud, lack of transparency, run Risk: Federal Reserve Chairman Jerome Powell has outlined several risks related to crypto activities during a hearing before the Senate Committee on Banking, Housing, and Urban Affairs. While stating that the Fed sees turmoil, fraud, a lack of transparency, and run risk in the crypto space, he stressed: “We don’t want regulation to stifle innovation.”
🇷🇺 Russian crypto industry association asks Putin to help with regulations: The organization representing Russia’s crypto and blockchain sector has urged Vladimir Putin to spur regulatory efforts. The association fears the Russian Federation may lag behind other nations if it maintains its conservative approach towards new financial technologies.
🎴 Yuga Labs' twelvefold collection of ordinal inscriptions generates 735 Bitcoin, worth more than $16 million: Yuga Labs, the creators of the blue-chip non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC), announced that the team has completed its Ordinal Inscription auction with a total of 3,246 bidders. The Twelvefold collection of inscriptions generated 735.7 bitcoin, worth more than $16 million. The highest bid was 7.1159 bitcoin, equivalent to $160,000.
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👉 Source: https://www.taurushq.com/
🇺🇸 Fed chair Powell on Crypto: We see turmoil, fraud, lack of transparency, run Risk: Federal Reserve Chairman Jerome Powell has outlined several risks related to crypto activities during a hearing before the Senate Committee on Banking, Housing, and Urban Affairs. While stating that the Fed sees turmoil, fraud, a lack of transparency, and run risk in the crypto space, he stressed: “We don’t want regulation to stifle innovation.”
🇷🇺 Russian crypto industry association asks Putin to help with regulations: The organization representing Russia’s crypto and blockchain sector has urged Vladimir Putin to spur regulatory efforts. The association fears the Russian Federation may lag behind other nations if it maintains its conservative approach towards new financial technologies.
🎴 Yuga Labs' twelvefold collection of ordinal inscriptions generates 735 Bitcoin, worth more than $16 million: Yuga Labs, the creators of the blue-chip non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC), announced that the team has completed its Ordinal Inscription auction with a total of 3,246 bidders. The Twelvefold collection of inscriptions generated 735.7 bitcoin, worth more than $16 million. The highest bid was 7.1159 bitcoin, equivalent to $160,000.
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👉 Source: https://www.taurushq.com/
📰 We just published an article about Litecoin that covers the basic information about the cryptocurrency available on Litecoin.org and on Wikipedia:
https://dcrypto.finance/introduction-to-litecoin/
https://dcrypto.finance/introduction-to-litecoin/
Hi there,
Every day, thousands of people fall for fake messages like this and share their personal information with scammers, putting their crypto and security at risk.
The reality is online scams are only becoming more common, so it pays to get familiar with the most common types and how to avoid them:
1. Never share your private keys.
No crypto company, NFT project, or Twitter personality should ever ask for your password, personal information, or private key. Ever.
2. Check website URLs.
Scammers will often build convincing “lookalike” websites at “.org” or “.xyz” domains that trick people into inputting their login credentials or personal information.
3. Keep passwords private.
Avoid taking screenshots of your private key, reusing passwords, or storing recovery phrases in obvious places–like on your desktop.
Read more in week 2 of our Back-to-Basics series to learn about the most common security threats and scams.
--
👉 Source: The Blockchain.com Team
Every day, thousands of people fall for fake messages like this and share their personal information with scammers, putting their crypto and security at risk.
The reality is online scams are only becoming more common, so it pays to get familiar with the most common types and how to avoid them:
1. Never share your private keys.
No crypto company, NFT project, or Twitter personality should ever ask for your password, personal information, or private key. Ever.
2. Check website URLs.
Scammers will often build convincing “lookalike” websites at “.org” or “.xyz” domains that trick people into inputting their login credentials or personal information.
3. Keep passwords private.
Avoid taking screenshots of your private key, reusing passwords, or storing recovery phrases in obvious places–like on your desktop.
Read more in week 2 of our Back-to-Basics series to learn about the most common security threats and scams.
--
👉 Source: The Blockchain.com Team
Daily Market Brief - 09.03.2023
Market glance
Total market cap / 24h chg: $994,543,665,478 / -1.29% 🟥
BTC Dominance / 24h chg: 42.10% / -0.24% 🟥
The U.S. Federal Reserve plans to increase interest rates on March 22, which could impact the profitability of fixed-income instruments, stocks, real estate, commodities, and cryptocurrencies. The high correlation between Bitcoin and equities means traders face significant pressure. Bitcoin is is now heading lower and its decline, coupled with negative market events, could potentially lead to a further bearish outlook for the $565 million Bitcoin weekly options expiry on March 10.
Market glance
Total market cap / 24h chg: $994,543,665,478 / -1.29% 🟥
BTC Dominance / 24h chg: 42.10% / -0.24% 🟥
The U.S. Federal Reserve plans to increase interest rates on March 22, which could impact the profitability of fixed-income instruments, stocks, real estate, commodities, and cryptocurrencies. The high correlation between Bitcoin and equities means traders face significant pressure. Bitcoin is is now heading lower and its decline, coupled with negative market events, could potentially lead to a further bearish outlook for the $565 million Bitcoin weekly options expiry on March 10.
Summary of the day, March 9
🇬🇧 UK widens crackdown on unauthorized crypto ATMs: Britain’s top financial regulator, the Financial Conduct Authority (FCA), has widened its crackdown on unauthorized cryptocurrency ATMs. “There are currently no crypto ATM operators registered with the FCA, which they must be to operate legally,” the regulator noted.
⛓ Ethereum co-dounder Vitalik Buterin's address sells trillions of airdropped tokens, causes illiquid coin prices to plummet: On March 7, onchain observers noticed that Vitalik Buterin, the co-founder of Ethereum, had allegedly sold billions and trillions of airdropped ERC20 tokens, resulting in a gain of an estimated $700,000 in value. The market liquidity of the airdropped tokens was shallow, and the relatively unknown ERC20 tokens plummeted in value after Buterin reportedly sold the funds.
🏦 Silvergate Bank announces voluntary liquidation as crypto industry woes persist: At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant financial troubles the bank faced, and the firm’s stock plummeted in value.
--
👉 Source: https://www.taurushq.com/
🇬🇧 UK widens crackdown on unauthorized crypto ATMs: Britain’s top financial regulator, the Financial Conduct Authority (FCA), has widened its crackdown on unauthorized cryptocurrency ATMs. “There are currently no crypto ATM operators registered with the FCA, which they must be to operate legally,” the regulator noted.
⛓ Ethereum co-dounder Vitalik Buterin's address sells trillions of airdropped tokens, causes illiquid coin prices to plummet: On March 7, onchain observers noticed that Vitalik Buterin, the co-founder of Ethereum, had allegedly sold billions and trillions of airdropped ERC20 tokens, resulting in a gain of an estimated $700,000 in value. The market liquidity of the airdropped tokens was shallow, and the relatively unknown ERC20 tokens plummeted in value after Buterin reportedly sold the funds.
🏦 Silvergate Bank announces voluntary liquidation as crypto industry woes persist: At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant financial troubles the bank faced, and the firm’s stock plummeted in value.
--
👉 Source: https://www.taurushq.com/