Four weeks ago, we started a short series as a part of our blog, where we examined some key aspects of the ongoing transformation of the…Continue reading on Medium »
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Both players and developers are enthusiastic about crypto games, transforming the way we play and spend our free time. A good crypto game…Continue reading on Medium »
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“瞭望无尽前沿科技;洞见未来,引领投研新时代。”Continue reading on Medium »
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Drugmakers including Pfizer Inc (PFE.N), AstraZeneca PLC (AZN.L), GlaxoSmithKline PLC (GSK.L), Sanofi SA (SASY.PA), and Bristol Myers Squibb (BMY.N) plan to hike prices in the United States on more than 350 unique drugs in early January, according to data analyzed by healthcare research firm 3 Axis Advisors. The rises are expected to take place as […]
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Luke Dashjr, a Bitcoin OG and core developer, alleges that his PGP key was compromised, resulting in virtually all of his Bitcoin being stolen from him on December 31. One of the original core developers behind Bitcoin (BTC), Luke Dashjr, alleges to have lost ‘basically’ all his BTC funds because of a hack that happened […]
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On-chain data shows the Bitcoin taker buy/sell ratio has been unable to give any real signal recently as the demand has remained low in the market. Bitcoin Taker Buy/Sell Ratio Hasn’t Been Able To Catch Any Momentum Recently As pointed out by an analyst in a CryptoQuant post, the taker buy/sell ratio hasn’t moved much above or below 1 since August 2022. The “Bitcoin taker buy/sell ratio” is an indicator that measures the ratio between the taker buy volume and the taker sell volume. When the value of this metric is greater than one, it means the buy or the “long” volume is higher in the market right now. Basically, this means that there are more buyers willing to purchase BTC at a higher price currently, and thus the buying pressure is stronger. On the other hand, values of the indicator under the threshold suggest the taker sell volume is more dominant at the moment. Such values imply a bearish sentiment is shared by the majority of the investors currently. Naturally, the ratio being exactly equal to one indicates the taker buy and taker sell volumes are exactly equal right now, and therefore the market is evenly split between bullish and bearish mentalities. Related Reading: Ethereum Finishes 2022 With ATH Correlation To Bitcoin, Despite The Merge Now, here is a chart that shows the trend in the 14-day simple moving average (SMA) Bitcoin taker buy/sell ratio over the last few years: The 14-day SMA value of the metric seems to be close to 1 at the moment | Source: CryptoQuant As you can see in the above graph, the quant has marked the relevant points of the trend for the 14-day SMA Bitcoin taker buy/sell ratio. It looks like whenever the indicator has crossed the 1.03 level, BTC has observed some bullish momentum shortly after. On the contrary, whenever the ratio dipped below the 0.97 level, a bearish trend followed the crypto’s price. The last time this signal formed was back in April 2022, before the market observed the LUNA and 3AC collapses. The bullish signal was last seen in July 2022, as the crypto built up towards its first relief rally of the bear market. Since then, however, there have been no other breaches of either of these levels, as is apparent from the chart. Related Reading: Litecoin Surges 7% In Strong 2023 Start, Jumps To 12th On Market Cap List In the period between then and now, the taker buy/sell ratio has been oscillating around 1, but the metric has just not been able to summon enough momentum to go all the way in either direction. “We cannot anticipate Bitcoin to move much as long as confidence – and subsequently demand – does not return to the market,” explains the analyst. BTC Price At the time of writing, Bitcoin is trading around $16,700, down 1% in the last week. Looks like the value of the crypto has observed a small surge in the last 24 hours | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, CryptoQuant.com
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DCG Genesis Funds: Gemini cofounder Cameron Winklevoss wrote an open letter to Barry Silbert, CEO of Digital Currency Group (DCG) over the delay in halting Genesis withdrawals. He addressed the issue of 340,000 Earn users who are awaiting resumption of withdrawals. The users put together entrusted more than $900 million of assets, he said. Overall,
The post Breaking: Gemini Cofounder Blames DCG’s Barry Silbert Over Genesis Funds appeared first on CoinGape.
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What you’ll discover:
- Study price formation.
- Recognize the function of exchanges
- How much pricing data an exchange supplies
…Continue reading on Medium »
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Global Digital Cluster Coin (GDCC) unveiled a new deflationary model for cryptocurrency enthusiasts. The project merges a well-designed tokenomics system with a wide ecosystem of applications and services.This experienced team aims to provide users with the ultimate tool to securely store, transact and manage digital assets. The deflationary aims to increase the value of GDCC over time, allowing investors to benefit from an ever-increasing token price.Promoting an Ambitious Deflationary ModelThe team perfectly describes its deflationary system on the project’s website. Namely, the team engraved a burning mechanism on its tokens to progressively reduce their number, creating higher demand and scarcity.Thus, it works as a deflationary model and will drive up the prices of GDCC coins. The burning process is part of the transaction fee system, which applies when a user transfers tokens.The project’s smart contract will take care of burning half of the gas fee of every transaction. Consequently, GDCC coins gradually reduce in number, building a sort of “price floor” and providing incentives for long-term investors.Many projects, such as Binance and Huobi, have adopted a burning mechanism for their respective tokens. The GDCC team made its burning process more aggressive than these two. The strategy represents a great way to keep the price stable and ensure future returns for its investors.The Wide Ecosystem of the ProjectGDCC lists multiple elements that are part of the wider ecosystem. Specifically, investors in this project can expect the following:1. A secure and reliable blockchain network that provides a platform for hosting various decentralized applications (dApps) and services.2. Smart contracts that enable users to execute transactions and store data securely on the blockchain.3. A Decentralized Exchange (DEX) that enables users to trade digital assets in a trustless environment.4. An Auto-Market Maker (AMM) that facilitates continuous liquidity for digital assets.5. A Staking platform to participate in consensus and receive rewards for their contributions.6. Yield Farming opportunities that allow users to generate additional income by providing liquidity on the network.7. A Metaverse dimension, giving people a chance to build and explore their digital realms.8. A Non-Fungible Token (NFT) Marketplace, allowing users to buy and sell unique digital assets with real-world value.These components offer investors a wide range of opportunities to benefit from the project while creating a secure environment. With this project, users can explore a whole new DeFi world and capitalize on the returns provided by this industry.On top of this structure, the team has listed multiple features that will characterize this project. Specifically, here are the highlights of the GDCC platform:1. Robustness: The platform is highly secure and robust, thanks to smart contracts.2. High Compatibility: The network is compatible with Ethereum Virtual Machine (EVM), so programmers can easily deploy their dApps on the blockchain.3. Cross-Chain Functionality: The team guarantees a smooth connection across different blockchain networks and unites them under one roof.4. Lower Transaction Fee: GDCC charges a minimum gas fee for all network transactions to address the scalability issue.5. High-Speed Transactions: The platform enables fast transactions and ensures that users can quickly transfer digital assets across different networks.6. Featherweight Architecture: The project boasts a simple architecture that minimizes resources while maximizing performance.About GDCCThe Global Digital Cluster Coin (GDCC) is a decentralized digital asset exchange and payment system that utilizes blockchain technology. It will introduce the GDCC-20 token standard, a smart contract-based system used to create and issue digital assets.This will enable users to easily and securely trade digital assets such as cryptocurrencies, tokens, stocks, and other financial instruments.With its upcoming listing on Koinbazar, the project will gain more visibility and attract more investors worldwide. This could increase its user base and create more opportunities to take advantage of the returns provided by this platform.GDCC has already integrated the Hopium DEX, the Muzella NFT marketplace, and the Global Digital City metaverse into its ecosystem. Furthermore, the team released a stablecoin, GUSD, pegged with the digital Dollar at a 1:1 ratio, and a blockchain explorer.Anyone curious about GDCC should refer to the official website and social media channels.Instagram | Twitter | Reddit | Telegram | MediumDisclaimer: This article is not intended to be a source of investment, financial, technical, tax, or legal advice. All of this content is for informational purposes only. Readers should do their own research. The Capital is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by reliance on any information mentioned in this article.GDCC Coin Unveils Deflationary Model for Crypto Enthusiasts was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
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The Script Explorer is a blockchain explorer which allows users look up, confirm and validate transactions on the Script blockchain. By…Continue reading on Medium »
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