El Salvador Pays $800M Bitcoin Bond, President Slams Media
El Salvador, the first country to use Bitcoin as a legal tender, earlier this month passed another legislation to establish a legal framework for a Bitcoin-backed bond known as Volcano Bond. Through this bond El Salvador plans to pay its sovereign debt, sponsor the Bitcoin city construction and create Bitcoin mining infrastructure.
Today, the country’s president Nayib Bukele confirmed via Twitter post that El Salvador has completely paid its $800 million Eurobond repayment which was due in January 2023. This comes after the country was caught into major backlash following its Bitcoin bet. Back then even the International Monetary Fund (IMF) had argued that the country’s adoption of Bitcoin as a legal tender will lead to huge volatility.
El Salvador Pays Bitcoin Debt
On the other hand, when FTX collapsed the crypto market had a huge downfall where Bitcoin dropped more than 50%. This raised a concern among investors asking whether El Salvador can pay its next payment which was due on January 24, 2023. However, amidst the slight market pull back, those comments were shut when El Salvador repaid its $800 million debt along with the interest.
Nevertheless, president Nayib Bukele also slashed mainstream media in the US for not reporting such an important event. He claimed that last year when the country adopted Bitcoin as a legal tender, most of the media stated the country would go on default in Jan 2023. The president has also mentioned a few links to these kinds of articles and one such particular mention was New York Times articles.
Currently, Bitcoin is selling at $22,519 after a drop of 1.57% over the last 24hrs. Bitcoin’s immediate resistance lies at $22,600 while the support is positioned at $22,400.
Leading Media Company CoinDesk Explores Sale Options Amid DCG Crisis
CoinDesk, a leading media, and events company has engaged investment bank Lazard to explore potential buyers as its parent company, Digital Currency Group (DCG), struggles to meet its financial obligations. As CoinDesk faces an uncertain future due to the crisis at DCG the company is seeking other sale options through Lazard.
CoinDesk is a reputed media and events company that covers the digital asset and blockchain space. It was founded in 2013 & it has established itself as a trustworthy source for industry news, analysis, and research. The flagship product of the company is the CoinDesk Bitcoin Price Index (BPI) which is widely considered to be the most reliable and accurate measure of the cryptocurrency’s price.
Despite its solid reputation, CoinDesk is now facing an uncertain future as the crisis at the parent company – DCG is unsettled. DCG, which owns CoinDesk, has been hit hard by the recent market downturn and is said to be struggling to meet its financial obligations. So as to cope with the situation, CoinDesk has engaged investment bank Lazard to explore potential buyers for the company.
CoinDesk has a strong brand and a loyal audience which will continue to make the company valuable to potential buyers. Moreover, its flagship BPI is a valuable tool for investors, traders, and other market participants, providing them with a reliable way to track the price of Bitcoin.
CoinDesk is a reputable and reliable source of information for digital asset and blockchain industry news, analysis, and research. It has a strong team and a loyal audience, hence finding a valuable buyer will be easy for them with the help of Lazard. The current situation at DCG is uncertain but it won’t stop CoinDesk to expand its business in the industry.
Binance Feed Upgrades with New Features For Enhanced Web3 Social Media Experience
Binance, one of the world’s largest centralized exchanges, announced the launch of new features for its Web3-centric social media platform, Binance Feed this Thursday. The platform’s latest update incorporates new utility, empowering users and creators to customize their profiles, interact on posts and articles, and engage in conversations covering over 400 crypto and Web3-focused topics.
The updated version of Binance Feed includes an enhanced experience on the web interface, allowing users to easily discover and create content on different devices. It also has a redesigned profile page section, giving users and content creators full control over their profiles. In addition, Binance Feed now has the ability to create polls and use emoji animations as a dynamic and interactive tool for community engagement. The platform has also added a “comment” feature to foster engagement between content creators and users and encourage more users to participate in the exchange of thoughts, opinions, and ideas.
“Binance feed gives me news on the move and at times faster than Twitter,” Binance Feed contributor Anndy Lian. “That’s the reason why I am using it. Compared to other platforms, Binance has a more active base of users, and the feeds are more timely.”
The platform has grown its social media following to over one million daily active users and over 1,200 content creators, with the numbers growing by the day.
Binance Feed serves as a community-first platform for Web3 content creators, influencers, and thought leaders to share their expertise, insights, and opinions with users, as well as news and updates. The platform covers more than 400 distinct topics related to the crypto economy and adapts to user behaviour by recommending content based on clicks and engagement.
Speaking on the latest updates to Binance Feed, EljaBoom, blockchain portfolio advisor, founder and CEO of Ajoobz, said,
“I have been posting regularly on the feed. It’s easy to create content and push it onto the Feed, given there’s no learning curve. Now, the ability to leave comments and interact with others adds another valuable layer to the activity. Users can leave feedback and suggestions, helping creators like me deliver better content. It’s a win-win for all, especially for the Web3 ecosystem.”
In conclusion, the new features on Binance Feed will provide users with more customization options and facilitate engagement with the platform’s community. The platform’s focus on Web3 and crypto news, as well as its ability to adapt to user behaviour, make it a valuable resource for those interested in the crypto industry.
“Crypto is not dead,” Says YouTuber Bitboy. HedgeUP ($HDUP) Pushes Social Media Influence
The FTX crash and other financial discrepancies rocked the crypto markets this year, resulting in a drastic decline in cryptocurrency prices and sparking negative criticism of the entire crypto industry. Most people think crypto has become redundant, but popular crypto YouTuber Bitboy debunks that, saying crypto is not dead but rather an industry bound to come back stronger.
Crypto has preceded projects and coins that paved the way and allowed new projects to thrive. This repetition is more like an ecosystem of crypto that survives off the failure of another. It is seen today with the development of different projects; this is why crypto is not dead.
The crypto market, like all assets, goes up and down in value, but new crypto projects have achieved real-world applications and solutions that could give them historical upside. An example of these innovative solutions is HedgeUP ($HDUP).
This article will assess how HedgeUP ($HDUP) is an example of why crypto isn’t dead.
HedgeUp ($HDUP) is an emerging crypto platform in the alternative investment system. HedgeUp ($HDUP) is globally renowned for providing alternative investment assets. With tokenization, real-world assets like expensive art, real estate, and more are easily accessible. To make the procedure easier for international investors, the corporation divides expensive assets into tiny bits for collective investment.
HedgeUp’s ($HDUP) blockchain tokenization service creates international trading opportunities between traditional finance and private markets. $HDUP is the native token of the HedgeUp platform. The token gives access to tokenized assets that are secure, straightforward, easy to trade, and controlled by the new utility token $HDUP.
The issue of decentralized social media has always been an interesting concept in the Web3 ecosystem because there are so many possibilities for developing the blockchain network. Stage 1 of the HedgeUp ($HDUP) roadmap provides for its launch of indigenous social media and community platforms. This section is massive for HedgeUp ($HDUP) because the more social media influence the company possesses, the more investment appeal the platform has to other companies and individual investors.
HedgeUp ($HDUP) Removes the Barriers to Commercial Connectivity.
As the social platform grows, HedgeUP ($HDUP) will possess more influence in providing individual and company investors with new market opportunities and better-streamlined services. This social media and community aspect will increase HedgeUp’s social media influence. It will create awareness of the good possibilities of fractional alternative investments.
HedgeUp ($HDUP) plans to further utilize its social media influence to generate insights on crypto and alternative investments while stimulating asset demand. It will create many targeted asset offerings for targeted individuals to improve the swiftness of alternative investing. It will also promote HedgeUp’s relevance to rudimentary commerce.
Through its social media influence, HedgeUp plans to integrate with metaverse companies to facilitate communication and trade, making good use of its social media. Integrating many innovative blockchain technologies like Metaverse, NFTs, and Web3 with HedgeUp ($HDUP) is bound to increase the entire valuation and innovation of the platform and create more profit for investors. Hedgeverse, as it is called, will help connect entrepreneurs and investors to the global economy, actively synchronizing technology to bridge the distance issue in commerce.
The above technological advances of crypto, like that of HedgeUp ($HDUP) – through social media – pose a strong stance that the crypto industry is not dead. Although it has had good and bad times, it has stood the test of time, and projects like HedgeUp ($HDUP) are most definitely here to stay.
Sam Bankman-Fried Was Bribing Media – Says Elon Musk
The post Sam Bankman-Fried Was Bribing Media – Says Elon Musk appeared first on Coinpedia Fintech News
The Twitter CEO made clear that Bankman-Fried ‘does not own shares in Twitter as a private company and ‘neither I nor Twitter has taken any investment from SBF/FTX.’
A former New York Times writer was accused of collaborating with the former CEO of a cryptocurrency company, and Elon Musk asked that the reporter reveal whether he had any financial ties to failing FTX chairman Sam Bankman-Fried.
Musk has been outspoken about the media and tweeted that the ownership of the news organization Semafor by SBF creates a significant conflict of interest with regard to reporting. A photo of SBF’s inclusion in the funding round was posted by Elon Musk.
In his recent tweet he slammed SBF saying If SBF was as good at running a crypto exchange as he was at bribing media, FTX would still be solvent!
Elon Musk Rejects SBF’s Proposal to Integrate Social Media with Blockchain Technology
Since the deal’s completion on October 28, multiple aspects concerning Elon Musk’s acquisition of Twitter have been revealed online. These include some plans for content moderation, other parties interested in the deal, and much more.
A trove of messages published as part of the legal battle over Elon Musk’s attempt to cancel his acquisition of Twitter has revealed desperate efforts to pull the $44 billion transaction together with assistance from a cast of high-profile Silicon Valley allies.
Hundreds of messages between Musk and his associates from the beginning of 2022 showed the billionaire entrepreneur had conversations with Twitter’s management and board, his Morgan Stanley advisors, potential investors like FTX CEO Sam Bankman-Fried, and unanticipated backers like podcaster Joe Rogan.
Sam Bankman-Fried, CEO of crypto exchange FTX, expressed early interest in investing in Twitter when Musk purchased a large share in the company in March of this year. He has also expressed interest in using blockchain on Twitter.
An advisor to Sam Bankman-Fried, Will MacAskill, texted Musk on behalf of SBF, writing, “I’m not sure if this is what’s on your mind, but my collaborator Sam Bankman-Fried has for a while been potentially interested in purchasing it and then making it better for the world.”
In Musk’s reply, he questioned whether SBF holds the huge amount of funds that are required for the deal, to which MacAskill stated that Sam Bankman-Fried was worth an astounding $24 billion and was willing to invest somewhere between $8 billion and $15 billion over the Twitter Deal.
Some other senior executives from the crypto and banking area, FTX, also contacted Musk to see if he could find common ground with SBF, who had a grand vision for blockchain and social media integration.
Musk, however, rejected the suggestion and said that he was not interested in engaging in a “laborious blockchain debate” with SBF.
While speaking to a banker from Morgan Stanley Musk explained:
“Blockchain Twitter isn’t possible, as the bandwidth and latency requirements cannot be supported by a peer-to-peer network, unless those ‘peers’ are absolutely gigantic, thus defeating the purpose of a decentralized network”.
Building social media platforms on top of blockchain technologies has attracted the interest of countless leaders. They think blockchain will promote data democratization. But thus far, not enough has been done in this direction.
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Toon Finance Presale Trumps UNI CAKE SHIB by raising media attention all over the world
Toonie Takeover to Trump Uniswap in DEX battle royal
Toon Finance gained the name Toonie Takeover for their presale that is surpassing coins like DOGE SHIB and UNI by already raising over 3 million dollars in round one of presale.
This is huge being that the team has another 8 rounds to go, flying through phase one and racing into phase two, users and investors flock from around the world joining telegram twitter and other social media platforms for the latest news on TFT. The team is raising over 20 million USD in presale. This is most likely the largest presale of the year bringing community members together from multiple countries and backgrounds.
This is what it is all about. Community always plays a key position in these new crypto ventures, without the community the coin is nothing. Toon Finance has a wonderful community with over 20k followers and counting. Follow the squad on Twitter or Telegram for the latest updates on when they will be dropping their unique NFT project.
Toon Finance is building one of the most innovative projects by adding so many cool features to the platform. Overall Crypto Market Experts from all over the world and across the globe say this is a for sure watchlist that you will not want to miss.
How to Purchase Toon Finance
Toon Finance is so simple that a DOGE could even buy it.
First things first you must have a crypto multi chain wallet like MetaMask or TrustWallet. These are two reputable wallets that we recommend.
Once you have your wallet you will have to load it with ETH. You can easily purchase ETH using a debit card from places like Moonpay, coinbase or Kraken. Even Binance offers the same services.
Ok, now you have your ETH, you are now ready to purchase your Toonie tokens. Connect your wallet to the buy page which can be found in this link.
Once you have completed these steps you will enter the amount of TFT coins you would like to purchase in ETH. Click Buy and wait for the transaction to process on the blockchain and that is it. You are now a member of the Toonie Army. Shill on Shiller.
Toon Finance Automated Market Makers in Crypto
An automated market maker is a computer program that creates and maintains a two-sided market between a security and its derivative. The program automatically places bids and offers on the security based on predetermined rules, which results in tight spreads and high liquidity.
In the world of cryptocurrency, an automated market maker is a type of decentralized exchange that uses smart contracts to match buy and sell orders. Automated market makers are different from traditional exchanges because they don’t rely on order books. Instead, they use liquidity pools, which are collections of cryptocurrency that are managed by smart contracts.
When a trade is executed on an automated market maker, the order is matched with another order from the liquidity pool. The difference between the bid price and the ask price is then used to calculate the “taker fee.” The taker fee goes to the party who provides liquidity to the market maker.
How Automated Market Makers Work
Automated market makers use algorithms to set prices and provide liquidity. When someone wants to buy or sell a digital asset, they submit an order to an automated market maker. The order is then matched with another order from the liquidity pool, and the trade is executed.
The price of the asset is determined by the supply and demand in the liquidity pool. If there’s more demand than supply, the price will go up. If there’s more supply than demand, the price will go down.
The advantage of using an automated market maker is that it provides continuous liquidity 24/7, even when there’s no one trading. This is because there’s always at least one order in the book (the buy order from the liquidity provider).
Another advantage of using an automated market maker is that it doesn’t require a third party to hold your assets while you’re waiting for your order to be matched. This reduces counterparty risk and gives you more control over your assets.
If you’re looking for a way to trade digital assets with continuous liquidity, an automated market maker could be a good option for you.
Automated market makers use algorithms to set prices and provide liquidity, which means they can operate 24/7 without any downtime. And because they don’t rely on third parties to hold your assets, they offer a higher degree of security than traditional exchanges.
Uniswap (UNI) AMM
Uniswap is a decentralized trading protocol that has become increasingly popular in the world of cryptocurrency. The protocol is known for its role in facilitating automated trading of decentralized finance (DeFi) tokens. In this blog post, we will provide a comprehensive overview of Uniswap, including how it works, its key features, and its potential impact on the future of cryptocurrency trading.
How Uniswap Works
Uniswap is built on the Ethereum blockchain and utilizes smart contracts to facilitate automated token trading. The protocol allows users to connect to a decentralized exchange (DEX) and trade tokens without the need for a centralized exchange or third-party broker. This makes Uniswap an attractive option for those who are seeking to avoid the high fees associated with traditional exchanges.
In order to trade on Uniswap, users must first connect their Ethereum wallet to the platform. Once connected, users can select the tokens they wish to trade and specify the amount they are willing to trade. The platform will then automatically match them with another user who is looking to trade the same amount of the same token.
The key feature that sets Uniswap apart from other DEXs is its use of liquidity pools. Liquidity pools are created when users deposit tokens into the pool in exchange for a portion of the pool’s ownership rights. These pools are used to facilitate trades on the platform and help to ensure that there is always enough liquidity available to meet user demand.
The Impact of Uniswap
Since its launch in 2018, Uniswap has quickly become one of the most popular DEXs in the cryptocurrency space. As of September 2020, the platform had over $1 billion worth of assets locked in its liquidity pools.
This rapid growth can be attributed to a number of factors, including the increasing popularity of DeFi protocols and the growing interest in alternative trading platforms that offer lower fees than traditional exchanges.
Looking ahead, it is clear that Uniswap has established itself as a major player in the world of cryptocurrency trading. With its innovative use of liquidity pools and its commitment to decentralization, Uniswap is well-positioned to continue growing in popularity in the months and years ahead.
Uniswap is a decentralized trading protocol that has become increasingly popular in recent months due to its role in facilitating automated trading of decentralized finance (DeFi) tokens. In this blog post, we provided a comprehensive overview of Uniswap, including how it works, its key features, and its potential impact on the future of cryptocurrency trading. Thanks for reading!
Toon Finance Ethereum chain PancakeSwap like platform
Toon Finance has recently been compared to the Pancakeswap which is a well known AMM DEX platform except CAKE services users on the Binance blockchain. Toon Finance is going to service the Ethereum blockchain. This is something that Eth has needed for some time now.
PancakeSwap is a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return. In this article, we’ll give you a brief overview of what PancakeSwap is and how it works.
What Is PancakeSwap?
PancakeSwap is an automated market maker (AMM) built on the Binance Smart Chain (BSC). It allows users to swap BEP20 tokens with each other, providing liquidity in the process. In return for providing liquidity, users can earn fees in the form of CAKE, the native token of PancakeSwap.
How Does PancakeSwap Work?
PancakeSwap works by connecting two parties who want to trade different BEP20 tokens with each other. It does this by using a system of smart contracts to create a pool of each token being traded. For example, if someone wants to trade TOKEN A for TOKEN B, they would deposit their TOKEN A into a pool with TOKEN B. Once the trade is complete, they would receive their TOKEN B from the pool.
PancakeSwap is a popular decentralized exchange (DEX) that allows users to trade BEP20 tokens with each other. It does this by creating pools of each token being traded and connecting two parties who want to trade those tokens. In return for providing liquidity, users can earn fees in the form of CAKE, the native token of PancakeSwap.
Toon Finance surpassing DEX SHIBSWAP
In the world of cryptocurrency, there are a lot of different exchanges that you can use in order to buy, sell, or trade your assets. However, not all exchanges are created equal. Some are more user-friendly than others, some offer more features, and some have lower fees. In this blog post, we’re going to take a look at one particular exchange that has been gaining a lot of traction lately: Shiba Inus Coin DEX SHIBSWAP. We’ll discuss what it is, how it works, and why you might want to consider using it for your own crypto trading needs.
What is Shiba Inus Coin DEX SHIBSWAP?
Shiba Inus Coin DEX SHIBSWAP is a decentralized exchange (DEX) built on the Ethereum network. It allows users to buy, sell, or trade ERC-20 tokens in a trustless and permissionless manner. One of the main advantages of using a DEX is that you don’t have to worry about losing your funds to hacks or theft, as decentralized exchanges don’t hold user funds in centralized wallets.
How Does Shiba Inus Coin DEX SHIBSWAP Work?
Shiba Inus Coin DEX SHIBSWAP uses something called an Automated Market Maker (AMM) model in order to facilitate trades between users. AMMs are algorithms that automatically set prices based on supply and demand. This means that there is no need for order books or matchmaking services; all you need is an internet connection and some ETH or ERC-20 tokens in order to start trading.
Why Use Shiba Inus Coin DEX SHIBSWAP?
There are a few reasons why you might want to consider using Shiba Inus Coin DEX SHIBSWAP for your crypto trading needs. First of all, as we mentioned before, decentralized exchanges are generally considered to be much safer than their centralized counterparts since they don’t hold user funds in central wallets. This reduces the risk of hacks and theft, which have become all too common in the world of cryptocurrency.
Another advantage of using a DEX is that you don’t have to go through the process of KYC (Know Your Customer) verification in order to start trading. This is because decentralized exchanges don’t require users to create accounts; all you need is an Ethereum wallet address. This not only saves time, but also protects your privacy since you don’t have to share any personal information with the exchange.
Shiba Inus Coin DEX SHIBSWAP is a popular decentralized exchange that has been gaining a lot of traction lately due to its safety, privacy features, and ease of use. If you’re looking for an alternative to traditional centralized exchanges, then Shiba Inus Coin DEX SHIBSWAP might be worth checking out.
Overall these are all very popular and reputable platforms to use depending on which coins you want to trade. Toon Finance is a great option for the Ethereum blockchain when PancakeSwap is the Goat of the Binance network raising eyebrows back in 2020.
Here we are 2 years later and the crypto market has been shaken up once again with these blockchain developers coming out with these incredible platforms that give users multiple resources and a great community to converse with. Check these out for yourself and let us know what you think.
Twitter | Toon Finance | Telegram
Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Ethereum Bloodbath to Continue: ETH Price At Risk Of Crashing Nearly 30% Soon! – Coinpedia – Fintech & Cryptocurreny News Media
The Ethereum continues to be more bearish as each day passes. It seems that Ethereum is struggling in the price graph despite the successful merge. After going for $1,800 before the merge, ETH has unfortunately brought bearish woes for investors and traders, completely wiping out the merge hype. This week has been concluded as the most crucial week for Ethereum as it has crashed all the way down to $1,300.
A 30% Crash Is Waiting For ETH
Since the Ethereum merge, the bears of the market have emerged, making a 35% decline in ETH’s price. Ethereum builds its solid bearish momentum when the market sentiment has been pretty bullish with a vision that the merger will bring outstanding returns.
According to CoinMarketCap, Ethereum is currently trading near $1,350 with a market cap of $166 billion. The technical data of the Ethereum price graph shows that Ethereum could have a 30% price correction downside, which can throw Ethereum below the $1,000 mark in the upcoming months. Ethereum has broken all fundamental supports to hold its price upward, and it seems it may trigger a solid crash ahead.
What Is Next For Ethereum?
The main reasons behind the price plummeting are the selling pressure among investors during the merge hype and the FOMC meeting tomorrow. The 8-day and 21-day moving averages represent a classical bloodbath for Ethereum. However, the Fibonacci retracement indicates a pullback at $1,250, making a support level at $1,000. The $1,250 level is crucial as the 200-week moving roams near the same territory.
According to analysts, Ethereum might see a reversal this week as it can trigger a bullish trend near the $1,250 level, and can go up to $1,500. Ethereum’s options data shows a bullish demand, confirming a reversal soon in the price graph.
The options data from Deribit indicates a high volume of Ethereum put and call options. The open interest for ETH is currently at $1,000 and $2,000 for September’s expiry. Bloomberg stated, “This is part of a controversial theory that says options writers — often financial professionals — make more money than options buyers.
The argument is that an asset’s price will move toward the level where options writers make the most profit — that is, where the greatest number of options expire as worthless for buyers. Deribit data puts this maximum pain point around $1,600.”
The Ethereum merge has recently grabbed the attention of the SEC chair Gary Gensler, and it seems that it may soon fall under regulations. However, it is expected the bulls will be back soon due to the increase in whale movements, which can take Ethereum to its investment goals.
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Top Altcoins Ready To Explode Before the End of 2022 – Coinpedia – Fintech & Cryptocurreny News Media
There is a lot going on in the cryptocurrency market right now, and several altcoins have experienced a sharp decrease in value, taking a backseat, or simply remaining stationary in their current position. After this slow month, several altcoins are predicted to perform remarkably well, but how? What coins are anticipated to do this? Let’s take a closer look.
Polygon(MATIC)
A decentralized
decentralized [email protected] Event Organiser 
Followers : 0 View profile Ethereum scaling platform called Polygon enables developers to create user-friendly, scalable dApps with minimal transaction costs without compromising security.
Polygon is currently trading at $0.7279. As with most coins and cryptocurrencies in 2021, it is at an all-time high. The previous year, polygon experienced an all-time high of $2.8768, or about $3.
A protocol called Layer 2 addresses some of the current problems with Ethereum, particularly those related to scaling. polygon 
polygon Crypto / Blockchain SolutionScaling Solution 
Followers : 0 View profile has been active for a while and will stay active as long as Ethereum remains successful. Any project engaging in or growing the ethereum 
ethereum Blockchain NetworkTechnology 
Followers : 0 View profile ecosystem will succeed in the future with the successful implementation of the Merger.
Algorand(ALGO)
An independent, decentralized network driven by blockchain technology with a number of uses, Algorand is a proof-of-stake blockchain crypto protocol. The ALGO price has increased by 0.17%, 13.18%, and 5.62% over the last hour, day, and seven days to be trading at $0.338.
Algorand’s network was updated recently, which introduced the markets with State proofs. These are nothing but an interoperability standard that provides a simple, quantum secure, and trustless interface that any PoS chain can use without compromising on cost, reliability & security.
Elrond (EGLD)
Elrond, also known as e-gold, is a highly scalable, rapid, and secure blockchain.com 
blockchain.com Crypto trading and Information 
Followers : 1 View profile platform for distributed apps, commercial use cases, and the new internet economy. It has increased by 1.71% over the past 24 hours and is currently trading at $48.10. There was a fall of 0.40% and 6.53% in the previous hour and the previous week, respectively.
Banks are providing e-gold or Elrond. It is a big deal since it shows rigorous investigation anytime a bank, large corporation, or business sells a cryptocurrency. To give any cryptocurrency that is legal, a bank or business must be trustworthy. Elrond cryptocurrency is therefore a big thing for any bank or business to include in their offering.
Wrapping up with an optimistic expectation that the projects discussed above will eventually return to and surpass their previous highs, albeit it will take some time given the current state of the cryptocurrency market. By 2023 and 2024, the price movement is anticipated to improve.
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Shiba Inu Whales Sell Whopping 1.2 Trillion SHIB Tokens In Just Two Days! – Coinpedia – Fintech & Cryptocurreny News Media
The wallet tracker, WhaleStats, has disclosed on its website that the largest Ethereum addresses that hold Shiba Inu meme coins have sold a significant amount of them – more than 1.2 trillion within the past two days. This makes up to $13,000,000 in fiat. Before this, these whales got away with another trillion SHIB.
More specifically, as per WhaleStats, the top 100 Ethereum wallets hold $127,185,426 worth of SHIB, which is $13 million less than the $140 million in SHIB they were holding on Saturday. The crypto equivalent of the sold assets is a net total of 1,207,056,638,811. During last week as well, a similar amount of SHIB – 1,115,879,828,326, was dumped on the market over the weekend.
Ethereum Price Making ab Effort to Rising Above $1400, While a 20% Drop May be Imminent – Coinpedia – Fintech & Cryptocurreny News Media
The bears appear to have not spared the second-largest crypto despite the successful implementation of the Ethereum Merger. The price had surged high to reach $1800 ahead of the merger, while a steep drop dragged the price down heavily. Ever since then, the ETH price is experiencing an acute selling pressure that compelled the price to slice down the crucial support levels over the past weekend.
While the price is believed to recover slightly, the technicals do not appear o be in favor of the bulls. The chart pattern suggests that the asset is due for yet another leg down and may test the levels close to $1000 or even lower very soon. Additionally, the broader crypto market may come under extreme selling pressure shortly as the FOMC meeting is around the corner.
Ethereum price with the recent price action has dropped below the crucial trend line, it followed since it rebounded from the yearly lows. Luckily, the price managed to rebound from the levels just above the lower support, while the bears continue to mount significant selling pressure. Therefore, the possibility of a lower price action emerges as the technicals continue to flash bearish signals.
While RSI has not rebounded from the lower support, MACD displays the revival of the bearish pressure. Moreover, the strength of the ETH price rally also appears to be weak, and hence no specific upward swing may be expected until the end of September.
By not being impacted by any external factor, ETH price shows it of being independent but the market sentiments continue to impact. In the coming days, the second-largest crypto, Ethereum is expected to maintain a slow yet steady upswing that may prevent excessive price drain. But for now, a descending trend appears to be imminent.
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Ethereum Under SEC’s Radar – Claim Authority Over ETH Transactions – Coinpedia – Fintech & Cryptocurreny News Media
Despite U.S. Securities and Exchange Commission’s (SEC) controversial claims over Ethereum (ETH) transactions, it has seen a price jump of 4 percent in the last 24 hours.
SEC filed a lawsuit against Ian Balina, a crypto influencer, on September 19 claiming that he failed to register his digital assets before the 2018 ICO offering.
However, after reading the fingerprint, the crypto observers saw that the SEC was worried as Balina’s crypto transactions took place. The SEC stated that the entire Ethereum network comes under the purview of the US government.
The SEC in its filing stated that the ETH sent to Balina was confirmed by a network of nodes in the Ethereum blockchain and it was majorly “clustered” in the US.
The highest density of Ethereum nodes is currently in the US with around 45 percent, followed by Germany which has around 19 percent of Ethereum nodes, according to data from Etherscan. SEC has claimed its jurisdiction over the global ETH network as the US dominates the overall ETH nodes.
ETH Price
The accusations by the SEC did not discourage the confidence of investors in the ETH. After a significant decline over the weekend, the price of ETH has increased four percent in the last 24 hours and is currently trading above $1,350 levels.
The price jump also comes after the US market showed strength after being low last week. The US market closed in the green on Monday, this comes ahead of the FOMC meeting in the coming days. The investors are expecting a 75 basis point rate hike to control the inflation, but there is a probability of the Feds going further and announcing a 100 basis points rate hike.
The SEC chair Gary Gensler has also hinted that Ethereum staking could trigger the securities laws, after the Merge.
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Goldman Sachs Warn Bitcoin (BTC) Price At Risk Of Dropping To $12K Soon – Coinpedia – Fintech & Cryptocurreny News Media
Today, the overall cryptocurrency market is signaling red along with the total crypto market cap plunging by 2.96% in the last 24hrs as it is positioned at $924.09 billion. This market correction is majorly led by Bitcoin, the world’s largest cryptocurrency by market cap.
Currently, Bitcoin is positioned at $18,980 followed by a loss of more than 3% over the last 24hrs. While the flagship currency is looking out for a strong bull run, the experts at Goldman Sach are predicting the worst scenario for Bitcoin price action.
Economist Jan Hatzius and his team from Goldman Sachs have come up with their analysis of Bitcoin price as the Federal Reserve plans to go ahead with interest rate hikes. As per their prediction, the month of September will witness an increase of another 0.75% and 0.5% in November.
The US Federal Reserve has majorly influenced Bitcoin price action this year which has provoked investors to move away from risky assets. The King currency has experienced a fall of nearly 60% year-to-date and is now struggling to reclaim its $20,000 level. Most analysts are also of the opinion that at present bitcoin has hit its bottom level.
Bitcoin Price At $12,000?
Meanwhile, another expert at Goldman Sachs, Sharon Bell claims that the latest surge in the stock market is a bull trap and warns that the equities will attract a loss of 26% if Fed continues with interest rate hikes.
As per CME data that is reported in the Commodity Futures Trading Commission’s (CFTC) weekly report, it’s exciting to know that the alarms correlate with a massive upsurge in institutional investors’ short positions in Bitcoin.
On the other hand, Bitcoin options which are set to expire by the end of 2022 indicate that most the traders are predicting that the Bitcoin price will plunge near $10,000 and $12,000 level
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Bitcoin Death Cross – Historical Data Hints BTC Price To See Worst Case Scenario Dropping This Level – Coinpedia – Fintech & Cryptocurreny News Media
Investors anticipate that the Federal Reserve will increase interest rates once again this week, which has caused significant losses for Bitcoin, Ether, and the overall crypto market. Despite a bullish shift in the market a day earlier, it was unable to reverse the trend.
Rekt Capital, a well-known crypto expert, expects that the price of Bitcoin might drop below $13,900 and reach $11,500 in the worst case scenario.
The Bitcoin price is currently failing to break the $20,000 mark on a monthly basis, displaying volatility. The $20,000-$23,350 region will mostly determine bulls and bears in this market.
However, the lackluster price movement in September shows that $20,000 is currently acting as a resistance level. The following support levels for Bitcoin are $17,165 and $13,900 if the price of the cryptocurrency falls below $20,000 by month’s end.
After a Death Cross, historically, the price of Bitcoin (BTC) develops a bottom at or below the 200-weekly moving average (WMA). Retracements following the Death Cross have ranged from -42% to -73%.
What does death-cross say?
Therefore, based on previous post-Death Cross retracements and support levels, it is expected that the price of bitcoin would bottom out at roughly $13,900. In the worst-case scenario, the price of bitcoin would fall to $11,500.
The drop looks most likely because the price of bitcoin has already fallen below the 200-WMA and the psychological milestone of $20,000.
However, compared to prior eras, there is a significant change in the market cap size, liquidity, and institutional and retail use of Bitcoin now.
In 2015, there were 547 days before the Bitcoin halving, while in 2018, there were 517 days. The bottom will therefore happen in Q4 of this year if Bitcoin is going to reach its lowest point 517–547 days prior to the planned April 2024 halving.
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Cryptocurrency liquidations Increase due to Investors Fear – Is Worst Yet to Come? – Coinpedia – Fintech & Cryptocurreny News Media
Despite a few positive developments earlier this month, the cryptocurrency market is currently on a downward trend as Bitcoin (BTC) is once again trading below the $20,000 mark. Even while Ethereum successfully accomplished the transition to proof-of-stake, its price has fallen dramatically as well.
Ethereum had earlier decreased below $1,300, while Bitcoin has plummeted below $19,000. In the previous 24 hours alone, the market capitalization of cryptocurrencies has changed by more than6 percent, dropping below $950 billion. Investors had hoped for more encouraging results, especially after patiently enduring a persistent “crypto winter” in 2022. Investors are becoming more fearful as a result of the correlation between the traditional market and macroeconomic problems.
Investors have moved a significant chunk of their money out over the past 24 hours as market indices printed red indexers. Over 124K dealers liquidated more than $420 million in assets from the cryptocurrency market in the last day, according to Coinglass.
The Bitmex market saw the greatest single liquidation of $10 million. In the meantime, the figures indicate that Ethereum, the second-largest cryptocurrency, has seen liquidation of over $161 million. Over the last 24 hours, ETH has experienced the most liquidation. After the Ethereum merge, this was not expected by the investors.
Liquidations on the rise
Over the past day, ethereum prices have decreased by about 4%. ETH is currently trading at $1,340. In order to trade at $1,289, it continued to decline below the critical $1.3k price level. Its 24-hour trading volume has increased by 101% to $20.6 billion, nevertheless.
The largest cryptocurrency, Bitcoin, has also declined by 3% and at the time of publication, the average price of BTC is $19,099. According to the data, almost $120 million worth of money has been transferred out of Bitcoin over the past 24 hours.
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Bitcoin Price Prediction – BTC Price Target for End of Year Will Shock You ! – Coinpedia – Fintech & Cryptocurreny News Media
On Monday, most cryptocurrencies continued to experience losses, as Bitcoin started to fall once more against the US dollar below the $20,000 support level. BTC just dropped below $19,000 and is still at risk of falling as low as $18,000.
The news of Ethereum falling below $1,300 may be more important than the decline in bitcoin. After all, many anticipated that the asset would gain from a rise in price following The Merge. However, it doesn’t seem to be the case in the near future.
By the end of the year, according to Salah-Eddine Bouhmidi, head of markets at IG Europe, the price of Bitcoin may have fallen to $13,500. The biggest cryptocurrency in the world was unable to maintain the $19,000 mark, activating the bearish goal. The bearish flag formation breakthrough is currently “taking shape.”
The largest cryptocurrency fell to an intraday low of $18,390 earlier on this Monday and is now close to hitting and upgrading its June low of $17,600. The performance of Bitcoin is still influenced by the American stock market. At the market’s opening, all major stock market indices declined, with the tech-heavy Nasdaq falling 0.92%.
Bulls come under extreme pressure
Bitcoin continues to be extremely volatile to the overall macroeconomic situation, failing to serve as the portfolio diversifier it was intended to be. Bulls were expectedly put under greater pressure this week ahead of the U.S. Federal Open Market Committee meeting on Wednesday (FOMC).
The market anticipates another 75 basis point rate increase from the Fed. However, Nomura recently projected that fresh inflation data would force the central bank to make a massive 100-basis-point increase.
In light of recent economic data, Goldman Sachs analysts recently predicted that the Fed will quicken the pace of rate increases. Now, according to experts, the central bank will raise interest rates by 50 basis points in November
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How are Investors Reacting To Ethereum Price Plunge After Merge Event – Coinpedia – Fintech & Cryptocurreny News Media
Ethereum network successfully completed its Merge on September 15 which transformed the network from proof-of-work (PoS) to proof-of-stake (PoS) mechanism. However, Ethereum didn’t receive the expected result as the currency started its downward journey right after the merger.
If the ETH/BTC is considered, it appears like Bitcoin is about to see its worst days when Ethereum’s growth rate is considered. Ethereum surged by 60% against Bitcoin from July 13 to Sept 8.
But the last 60 day bull run wasn’t that eye-catching as the flagship currency picked up the dominance while Ethereum lost it after the Merge.
On the other hand, in just 10 days ETH gave up half of its profit after facing 20% correction. However, as per the daily chart Ethereum might see a trend reversal soon.
Ethereum Merge : Buy The Rumor, Sell The News
Meanwhile, Ethereum witnessed an increased selling pressure after the merger was successfully completed. However, a few of the market experts claim this event as Buy the rumor, sell the news.
Though there wasn’t any issue while the network was getting transferred from proof-of-work (PoW) to proof-of-stake (PoS), the zero effect on Ethereum price has created a sense of fear among investors and traders which provoked them to exit from their position.
At the time of reporting, Ethereum is trading at $1,367 with a fall of 3.67% over the last 24hrs.
Additionally, it can be seen that the lead altcoin is dropping against the US dollar as Ethereum price has declined at $1,300 level. Hence, it’s important for the currency to maintain its price range above $1,280 which was a resistance area during June’s trading.
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Bitcoin Price To Drop At 2018 Bear Market Lows, Claims Analyst, Here Is His Target – Coinpedia – Fintech & Cryptocurreny News Media
Since the release of the US Consumer Price Index (CPI), the world’s first cryptocurrency, Bitcoin started its downward journey and is struggling for a bull run. Meanwhile, a well-known crypto analyst and trader who is mostly known for his timely Bitcoin prediction, is expecting more troubled days for BTC.
The analyst who is known as Justin Bennett, informs his 108,800 fanbase over Twitter that the flagship currency is about to create a huge descending pattern which will pull back Bitcoin’s trading range towards 2018 bear market lows.
The analyst claims that since May, Bitcoin is forming a bearish graph which will see the currency dropping at $5,000 level. He also says that this is one of the worst trading levels for Bitcoin and once the $5,000 area is hit, BTC will reclaim the $12,000 range.
Bitcoin Price To Drop Near $12,000
However, Justin indicates that though he predicts a fall near the $5,000 level, in reality BTC will not see a drop towards that level. Here he refers to the percentage objective and asserts that if the percentage objective is applied against the price objective there will be a price target of $11,000 or close to $12,000.
Conversely, though Justin Bennett claims bearish momentum for the King currency, he also states that there is a possibility for a bull run this week due to shorting by traders.
As per the expert, there will be more shorting seen above $20,200 which will push BTC price towards more profit
At the time of publication, Bitcoin is changing hands at $19,190 after a plunge of 3.38% over the last 24hrs
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Red Notice Issued Against Do Kwon! Did Terra Founder Fail to Cooperate with Investigations? – Coinpedia – Fintech & Cryptocurreny News Media
On September 14, Terra founder Do Kwon and five other individuals received an arrest warrant from the country’s judiciary for violating capital markets law. This arrest warrant comes after the fall of the Terra network in May which pulled down the entire crypto market.
The South Korean Ministry of Foreign Affairs has now asked Do Kwon to return his passport, following the Seoul Southern District Prosecutor’s Office for Financial and Securities Crime’s orders to invalidate the 6 people’s passports.
The recent Tweet by Do Kwon claimed that he is not on the run, to which South Korean prosecutors have claimed that he is obviously on the run. Also, the Singapore police have confirmed that he is not in Singapore anymore.
The legal action against the founder has negatively impacted the TerraClassic (LUNC) and Terra (LUNA) prices as both the currencies dropped by 33% and 50%, respectively, in just a week.
Has Do Kwon Fleed?
Do Kwon’s statement was disapproved by the Seoul Southern District Prosecutors Office, as the officer claims that he has not been in the country since Terra-LUNA collapsed in May. As per the claimed majority of Terra members along with Do Kwon moved out of Singapore followed by the collapse and have cooperated with the investigations.
Additionally, the prosecution claims that Do Kwon appointed attorneys to confirm that he had no purpose of appearing before them to answer questions. At present, the officials are looking for ways to know his location as they are working with all the international agencies to arrest him immediately.
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Bitcoin Outperforms Ethereum After The Merger, Will The Centralized Nature of ETH Hinder Its Price Rally? – Coinpedia – Fintech & Cryptocurreny News Media
Ethereum Merger was widely talked about in the past couple of months as the bearish trend was expected to be ceased for a while. Nevertheless, the trend was flipped in a short time with the announcement of the fresh CPI rates which further led to a huge decline in the BTC & ETH prices. The past weekend dragged the BTC & ETH prices below $19,000 & $1400 respectively, also flashing major bearish signals in the coming days.
Presently, star crypto has managed to outperform the second largest crypto which is well-known for its steady behavior. Similar to ETH, BTC prices maintained a steady trend around the average levels. Regardless of the recent drop, the BTC price appears to be primed for a decent breakout, while the ETH price may continue to head towards the bottoms.
The above chart illustrates the price movements of Bitcoin & Ethereum post the Merger event. With the price movements, it is fairly visible that both assets maintained a homogenous trend just before the event. But soon after the transition, the ETH price dropped heavily to reach -18.14% away from the average levels. While the BTC price was less impacted as it maintained a stagnant trend until the latest crash.
The nature of the price plunge does indicate the second-largest crypto is being lately turned into a centralized platform and hence the ETH price could be in controlled hands. While Bitcoin continues to work on the same Proof-of-Work mechanism, follows the basic feature of blockchain of being decentralized.
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This is When Bitcoin May Reach Bottoms While Altcoins Primed to Retrace More than 90% – Coinpedia – Fintech & Cryptocurreny News Media
The Bitcoin price is now very close to losing the multi-month higher-low support as the prices dropped below $19,000 during the early trading hours. The past weekend proved to be extremely bearish for the crypto markets and BTC in particular, as the price lost its grip over the crucial $20,000 level.
Additionally, the bulls appear to be extremely weak at the moment and are sidelined. It’s safe to say that we should not expect any bullish action in the coming days.
In such a scenario, How will the altcoins hold up and perform?
Altcoins like Cardano, Solana, Dogecoin, Polkadot, etc. have been corrected for quite a long time now by shedding more than 80%. However, with the prevailing BTC price plunge, the altcoins are also expected to retrace by another 90% shortly as the trend is expected to intensify towards the south.
When Will Bitcoin Hit The Bottom?
With the latest bearish action, Bitcoin has substantiated the bearish trend and is likely to drain further. After a gigantic bull run in 2021, the year 2022 is expected to remain bearish until the end. Therefore, the BTC price is also expected to reach the bottom nearly 550 days before the next halving.
The analyst here relates the time when the BTC price reached the bottom to the upcoming halving. Therefore, after bottoming 547 days & 517 days before the 2015 & 2018 halving, now is the time when BTC reaches its bottom 517 to 547 days before the next halving. The upcoming halving is in April 2024 & 550 days before the halving which falls in the coming Q4 2022.
Therefore, as per some analysis, Bitcoin usually bottoms out in a maximum of 900 days after the halving and hence the bottoms may be achieved in the next 2-3 months. However, with just 500 days remaining for the next halving, Bitcoin’s (BTC) price surges marginally, which indicates the bottoms are approaching very fast.