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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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Bengali Language / Re: বর্তমানে কোন প্রজেক্টি ভাল সারা পাচ্ছে আই

« on: October 27, 2021, 04:53:10 AM »

Quote from: Oneplus on October 09, 2021, 09:23:13 AM

বর্তমানে Ranger protocol, Quarashi project গুলো বর্তমানে ভালো সার্ভিস দিচ্ছে। Bitgame Global প্রজেক্ট বর্তমানে অনেক ভালো এর প্রজেক্ট আপনারা অবশ্যই কাজ করতে পারেন। সাকসেসফুল একটি প্রজেক্ট অবশ্যই আপনাকে পেমেন্ট করার সম্ভাবনা রয়েছে।

Ranger protocol, ethernity cloud , bitgame global তিনটি প্রজেক্ট খুবই জনপ্রিয় এবং বর্তমানে সকল প্রজেক্ট এর চেয়ে ভালো অবস্থানে রয়েছে।

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

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

Useful Cryptocurrency Resources / BITCOIN, GRAVITY AND UNIVERSAL CONNECTION

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

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

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

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

Bengali Language / Re: বর্তমানে কোন প্রজেক্টি ভাল সারা পাচ্ছে আই