Popular on-chain analyst Will Clemente says he’s identified the new support level for Bitcoin (BTC) after the crypto market’s latest Covid-induced price drop. Clemente tells his 430,000 Twitter followers that $53,000 is the price level to keep an eye on, and it wouldn’t surprise him to see the largest crypto asset by market cap tested …
Category archives: Trending Crypto news
NFT land sells for 550 ETH, eToro to delist ADA and 1M ETH burned since August: Hodler’s Digest, Nov. 21-27
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Axie Infinity virtual land slot sells out for 550 ETH …
This Altcoin Project Could Scale to the Magnitude of Ethereum, Says Crypto Billionaire Sam Bankman-Fried
Sam Bankman-Fried, CEO of crypto derivatives exchange FTX, thinks one altcoin project could potentially surpass Ethereum (ETH) and become a dominant force in the crypto space across the world. Bankman-Fried says in a new interview with Kitco News that he examines what it would take to have 1 billion people use cryptocurrency and blockchain infrastructure. …
Crypto Trader Tyler Swope Is Bullish on Several Altcoin Projects As End of 2021 Approaches
Crypto investor Tyler Swope is unveiling his top altcoins as volatility rattles the overall crypto markets. In a new video, Swope tells his 298,000 YouTube subscribers that his number one altcoin is decentralized reserve currency OlympusDAO (OHM). “In a short amount of time, it’s become one of the most diversified, non-protocol token treasuries in crypto… …
Online content streaming is dead. Long live the music NFTs
The music industry has undergone a massive transformation in recent years. We have seen the advent of the internet leave its mark on music, and most notably, 1999 spelled the coming of Napster. This then-revolutionary peer-to-peer online streaming service defined a whole generation and enabled musicians to share their creations with the world. Streaming has …
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The Holy Grail for crypto traders: Consistent average returns over 5%
If you look at crypto assets’ price movements as a series of isolated events, the picture is messy. Sure, some traders can occasionally win big off one-time events or thanks to sensing a meme-inspired trend. In the long run, however, most of these “fortuitous” traders tend to lose. Why? Because they have to pick big-time …
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What is the Definition of Decentralized Finance? The Hazards and Benefits of DeFi
Many promises have been made by ardent supporters of cryptocurrencies and the blockchains that they run on that crypto represents emancipation. To the crypto community, these technologies provide a means of escaping corporate control of the internet, government intrusions into personal liberty, poverty, and practically everything else that ails society. However, the reality has mostly …
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More Than $750,000,000 Worth of Crypto Liquidated in Just 12 Hours As Markets Sell Off
Tens of thousands of crypto traders have had their positions liquidated as markets across all sectors close out the week in the red. Data from the cryptocurrency futures trading and information platform Coinglass reveals that on November 25th, over $751 million worth of trader positions in digital assets were wiped out in a 12-hour span. …
Facebook’s centralized metaverse a threat to the decentralized ecosystem?
Facebook has been planning its foray into the metaverse for some time now — possibly even several years. But it’s only recently that its ambitious expansion plans have catapulted the concept into mainstream headlines across the globe. Renaming the parent company to Meta was perhaps the biggest, boldest statement of intent the firm could make. …
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NFTs as micro-social networks: The path to crypto adoption
Nonfungible tokens (NFTs) are evolving from a niche interest to a mainstream conversation. The variety of NFT art — from cuddly to edgy to menacing — is drawing in a new audience of enthusiasts. Beyond the art, NFTs are providing a glimpse into a new layer of social interaction. When framed as micro-social networks, NFTs …
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Crypto Whales Are Pouncing on Eight Ethereum-Based Altcoins Amid Crypto Market Dip
The largest crypto whales in the Ethereum ecosystem are utilizing the market dip to purchase more ETH and eight additional altcoins running on the leading smart contract platform. According to the crypto whale tracker WhaleStats, the largest 1,000 non-exchange Ethereum wallets accumulated the meme coin Shiba Inu (SHIB) above all other Ethereum-based tokens in the …
Finance Redefined: 1M ETH burned since EIP-1559, and Dorsey drops tbDEX white paper, Nov. 19–26
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. ETH is burning at a rapid rate! Read on to discover the statistics behind Ethereum’s pursuit of deflationary mechanics. What you’re about to read is a shorter, more succinct version of the newsletter. For a comprehensive summary of DeFi’s developments over the last week, subscribe …
Raoul Pal Details Four Favorite Altcoins After Bitcoin and Ethereum, Outlines ‘Most Important’ Chart in Crypto
Real Vision founder and chief executive Raoul Pal is updating his followers on his favorite altcoins outside of Ethereum (ETH). Pal, a vocal Ethereum bull, tells his 795,200 Twitter followers that ETH competitor and smart contract platform Solana (SOL) is one of his favorite altcoins. Solana’s native token SOL, the fifth-ranked crypto asset by market …
Bitcoin sentiment in ‘wild’ divergence from reality as $53K BTC triggers ‘extreme fear’
Bitcoin (BTC) has stabilized at around $55,000 after dropping by $6,000 in a single day — but crypto market sentiment is still in shock. According to the Crypto Fear & Greed Index, as of Nov. 27, emotions are now at the most fearful since late September. Crypto sentiment dives into “extreme fear” Fear & Greed, …
Vitalik Buterin proposes calldata limit per block to lower ETH gas costs
Ethereum (ETH) co-founder Vitalik Buterin has proposed a new limit on the total transaction calldata in a block to decrease the overall transaction calldata gas cost over the ETH network. Buterin’s post on the Ethereum Magicians forum, EIP-4488, highlights concerns regarding high transaction fees on Layer-1 blockchains for rollups and the considerable amount of time …
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