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Useful Cryptocurrency Resources / Breaking Down The Bitcoin Binance Flash Crash By The Second

« on: October 27, 2021, 05:27:33 AM »

On October 21st, 2021, crypto exchange Binance US experienced a Bitcoin flash crash to led BTC’s price to dropped by over 80%. The industry is maturing, but these occurrences reminiscent the times when a crypto flash was business as usual.

A report by Arcane Research deep dives into the event, starting from the time it happened on the aforementioned date at 11:34:17. At this time, as the research firm claims, a “sudden massive selling pressure cleared the order book” on the exchange.

This caused Bitcoin to crash all the way down to $8,200 for a whole 13 seconds. This parenthesis was enough for Binance US to experience a spike in its trading volume with 550 BTC changing hands, as Arcane Research said.

The research firm compared Binance US normal sell volume to that of this event. The former stands at 0.74 BTC in a 4-hour timeframe, “illustrating that this massive sell order (550 BTC) was” extraordinary, Arcane Research said while adding the following:

What caused the crash? A fat finger by someone meaning to place a limit sell order at $82,000? An engine error? A Combination? Binance has stated that it was caused by a bid in the trading algorithm of one of the institutional traders on the exchange.
Source: click

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Useful Cryptocurrency Resources / https://cryptonews.net/2399283/?utm_source=CryptoNews&utm_medium=app&utm_campaig

« on: October 27, 2021, 05:26:09 AM »

David “Big Papi” Ortiz is the newest ambassador of crypto exchange FTX.

The Major League Baseball (MLB) legend, who hit over 500 home runs and brought home three World Series titles to the Boston Red Sox, has agreed to a multiyear deal with the exchange.
As part of the pact, Big Papi will be compensated in cryptocurrency through the FTX app and release multiple non-fungible token (NFT) collections, according to a press release.

FTX now has a strong lineup of athlete ambassadors, with Ortiz rounding out America’s professional sports trifecta with football’s Tom Brady and basketball’s Stephen Curry. TV commercials referencing the Ortiz deal (and mentioning Brady and Curry) began running on Tuesday night during the first game of the 2021 World Series.
Source: click

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Useful Cryptocurrency Resources / BITCOIN, GRAVITY AND UNIVERSAL CONNECTION

« on: October 27, 2021, 05:24:36 AM »

In a previous piece I argued that Bitcoin provides society with the strongest possible truth-based foundation from which to build upon and that therefore its widespread adoption is necessary for life on earth to take its next great leap forward. I believe this leap forward will be driven primarily by strengthening human connections thus resulting in a stable matrix of minds bound together by reliable consensus. This mind matrix in its fullest form will be analogous to the way in which gravity weaves together all matter and provides the stable conditions for complex life to evolve.
Source:click

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Useful Cryptocurrency Resources / Is a Cardano-Ethereum bridge likely to stoke their rivalry even further?

« on: October 27, 2021, 05:22:03 AM »

Bondly Finance has announced the rollout of a cross-chain bridge to connect the Cardano and Ethereum blockchains. What’s more, the firm estimates the bridge will be ready by early 2022.

Blockchain bridges are a solution to link previously siloed chains. By enabling different blockchains to work together, developers can build on each other’s protocols and harness the strengths of the other chain.

While cross-chain bridges are generally considered a positive for all parties involved, considering the rivalry and philosophical differences between Cardano and Ethereum, might the Bondly bridge benefit Cardano more than Ethereum?
Source:Read

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Useful Cryptocurrency Resources / Latin America, Tipping Point: Bitcoin Beach Brazil, Colombia ATMs, Mining Arg

« on: October 27, 2021, 05:20:47 AM »

Colombia: Binance Frozen Accounts, ATMs, And A Game
More than 50 Colombian Binance accounts are frozen. Some people think that the Dutch Tax and Customs Administration (Belastingdienst) is responsible. Others think it’s the American DEA doing the investigations. Criptonoticias tried to contact both agencies and couldn’t get confirmation either way.
A Colombian lawyer thinks that Binance is not authorized to do that without a court order and that neither agency has jurisdiction on the matter. However, Binance did block the accounts. So far, without explanation. Wow.
If we take El Salvador out, nowadays Colombia has the most ATMs on the continent. From the 50 available, “Bogota has 29, six are located in Medellin, three each in Bucaramanga and Pereira, and the rest are scattered around the country,” Decrypt informs.
A videogame called “B Coins” won the Crea Digital contest from the Colombian Ministry of Information and Communication Technologies. The game aims to teach children how to invest in stocks and cryptocurrencies by simulating a stock Exchange. The government wants to boost financial and economic education for the youth. The app will be available in the Play Store in December. There will also be a Windows version.source

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Useful Cryptocurrency Resources / Tesla Informs SEC It May Restart Transacting in Cryptocurrencies

« on: October 27, 2021, 05:19:02 AM »

Elon Musk’s electric car company, Tesla, has informed the U.S. Securities and Exchange Commission (SEC) in a quarterly filing that it may restart the practice of transacting in cryptocurrencies for its products and services. Tesla suspended accepting bitcoin in May, citing environmental concerns.

Tesla May Resume Accepting Bitcoin, SEC Filing Shows
Tesla Inc. filed a quarterly report with the U.S. Securities and Exchange Commission (SEC) Monday.

The company explained that during the nine months ended Sept. 20, it “purchased an aggregate of $1.50 billion in bitcoin.” In its Q3 earnings report, Tesla’s balance sheet shows bitcoin worth $1.26 billion, after reporting bitcoin-related impairments in the past two quarters.

The SEC filing further states that during the three months ended March 31, Tesla “accepted bitcoin as a payment for sales of certain of our products in specified regions, subject to applicable laws.” However, the company noted that it “suspended this practice in May 2021.” Tesla continued:
Read more:source

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Useful Cryptocurrency Resources / Shiba Inu ($SHIB) NFT Floor Price Surpasses 1 ETH After $20 Million Were Traded

« on: October 27, 2021, 05:17:31 AM »

The floor price for the native non-fungible tokens (NFTs) of the Shiba Inu ($SHIB) ecosystem is now above 1.2 ETH, after over $20 million worth of these tokens were traded on the popular decentralized NFT marketplace OpenSea.

According to the platform’s data, 3,300 owners of the Shiba Inu NFTs, known as Shiboshis, have already traded over 5,000 ETH worth of the tokens after these were launched earlier this month.

As CryptoGlobe reported, the developers behind the Shiba Inu coin announced their NFT token sale in mid-October, with plans to create a total of 10,000 Shiboshis that users were initially able to purchase with $LEASH, before being able to do so with a combination of both $ETH and $LEASH.
Source:click

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Useful Cryptocurrency Resources / US Treasury says it must 'modernize and adapt' to digital currencies

« on: October 19, 2021, 09:19:16 AM »

 US Treasury says it must 'modernize and adapt' to digital currencies
Digital assets and payments systems could harm the efficacy of our sanctions” if left unchecked, the Treasury said.
The United States Department of the Treasury has issued a review on sanctions and suggested the government do more to develop its infrastructure and policies in regards to digital assets.

In an Oct. 18 report, the Treasury Department said the growing use of digital assets was hampering the implementation of sanctions while balancing funds from legitimate humanitarian organizations. The department suggested that better communication between itself and the crypto industry, financial institutions, and others in addition to “deepening its institutional knowledge and capabilities” could help improve current policy.
Source: clink

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Crypto Discussion / Ethereum Eyes Key Upside Break, Why Bulls Could Aim Larger Rally

« on: October 18, 2021, 12:08:09 PM »

Ethereum was able to clear the $3,800 resistance zone against the US Dollar. However, ETH price failed to gain strength above $3,900 and it is now consolidating gains.

Ethereum started a fresh increase above the $3,750 and $3,800 resistance levels.
The price is now trading above $3,800 and the 100 hourly simple moving average.
There was a break above a key bearish trend line with resistance near $3,840 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could extend its rally if it stays above the $3,800 support zone.
Source:click

10

Crypto Discussion / Total Crypto Market Cap Hits All-Time High of $2.6 Trillion

« on: October 18, 2021, 12:04:00 PM »

Cryptocurrency markets have been climbing again to kick off the week and the total market capitalization has reached a record high. The market capitalization for all cryptocurrencies has reached an all-time high of $2.6 trillion according to CoinGecko.
This has just surpassed the previous high of $2.55 trillion that was made on May 12 when many altcoins were notching up their own record highs.
source

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Crypto Discussion / Elon Musk Laughs at Dogecoin-Hating Bitcoin Maxis

« on: October 18, 2021, 12:02:12 PM »

Tesla CEO Elon Musk has seemingly picked sides in the recent debate between fellow billionaire Mark Cuban and a group of Bitcoiners.

The entrepreneur responded with the cry-laughing emoji to a tweet that praises the “Shark Tank” host for defending Dogecoin against “Bitcoin maxi vipers.”

🤣

— Elon Musk (@elonmusk) October 17, 2021
As reported by U.Today, Cuban had a heated exchange with podcaster Preston Pysh during a recent conversation on Twitter’s “Spaces.”

Pysh implored Cuban to stop talking about meme cryptocurrency Dogecoin, but the latter refused.

Cuban claimed that Dogecoin is a cheap introduction to the cryptocurrency industry.

He further praised the coin’s community for seeing the fun side of crypto.
Source:click

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Crypto Discussion / Elon Musk and SHIB Whales Pushing Shiba Inu 15% Up, Here’s How

« on: October 18, 2021, 12:00:21 PM »

Once again the chief of Tesla and SpaceX, eccentric centibillionaire Elon Musk has shown that he has still got it when it comes to pumping meme coins with his tweets.

Earlier today, the world-famous innovative entrepreneur published a tweet, in which he “drew” an animal with a soaring rocket, which the community said was a Shiba Inu dog and can be related either to Dogecoin or to its “killer” SHIB.

In the comment threads, some crypto community members posted SHIB charts, pointing out that the meme cryptocurrency has risen over 10 percent on that tweet of Musk. However, overall the coin rose by almost 15 percent.
Source:click

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Crypto News from the USA / US crypto trading Voyager Digital granted European trading license

« on: October 14, 2021, 04:34:48 AM »

Voyager Digital is expected to roll-out their mobile trading platform in Europe in Q1 2022. Cryptocurrency platform Voyager Digital has been granted an official licensing approval from French regulatory bodies Autorité des marchés financiers and the Autorité de contrôle prudentiel et de résolution to facilitate a trading platform of 60 digital assets in the French and European Union markets under the subsidiary LGO Europe SAS.

Voyager, a United States-based, Canadian-listed company under ticker symbol VYGR.V, is reportedly the first organization outside of Europe to be designated a “Fit and Proper” approval status of this kind.

In early August, Voyager penned an agreement with crypto payments firm Coinify at an estimated value of $85 million with the ambition of expanding its financial offering to global cross-border payments.source

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Crypto Discussion / Chinese Exchanges Split Over Kneeling to PBOC

« on: October 14, 2021, 04:24:29 AM »

Changpeng Zhao, the master of jurisdictional chess, has shown himself to be far too meek when it comes to his own home country.

A seemingly coordinated regulatory affront during summer had some pondering and wondering whether Zhao had checkmate.

London was told Binance had nothing to do with what they thought was Binance, it was some subsidiary that had to comply with whatever the UK regulators wanted. Then one by one other regulators heard the same. Fuming Bloomberg went around wondering where is binance.com headquartered. At least it was fun while it lasted as eventually Hong Kong got the global exchange to… well, say yes mam and as far as we are aware change nothing.click

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Crypto Discussion / BadgerDAO (BADGER) and Rarible (RARI) are launching on Coinbase Pro | by Coinbas

« on: October 14, 2021, 04:22:44 AM »

Starting Today, Wednesday October 13, transfer BADGER and RARI into your Coinbase Pro account ahead of trading. Support for BADGER and RARI will generally be available in Coinbase’s supported jurisdictions with certain exceptions as indicated in each asset page here. Trading will begin on or after 9AM Pacific Time (PT)Thursday October 14, if liquidity conditions are met.

One of the most common requests we receive from customers is to be able to trade more assets on our platform. Per the terms of our listing process, we anticipate supporting more assets that meet our standards over time. Most recently we have added trading support for Function X (FX), Jasmy (JASMY), Wrapped Centrifuge (WCFG), Avalanche (AVAX), Adventure Gold (AGLD), Braintrust (BTRST), Rari Governance Token (RGT) XYO Network (XYO), DerivaDAO (DDX), DFI.money (YFII), Radicle (RAD), COTI (COTI), Axie Infinity (AXS), Request (REQ), TrueFi (TRU), Wrapped Luna (WLUNA) and Harvest Finance (FARM).source