Forwarded from Official VIP Group
Negative Interest Rates Give BTC an Opportunity to Shine, Report Claims
Negative interest rates may turn Bitcoin into an attractive alternative for institutional investors, claims a recent report.
Negative interest rates may turn Bitcoin into an attractive alternative for institutional investors, claims a recent report.
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Bitcoin May Thrive Despite Coronavirus
One crypto industry CEO thinks COVID-19 has brought Bitcoin further into the public eye.
One crypto industry CEO thinks COVID-19 has brought Bitcoin further into the public eye.
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Surprise CryptoKitties Drop Overwhelms Winklevoss-Backed Exchange
Two years after CryptoKitties ‘broke Ethereum’ and the launch of a new CryptoKitty token has overwhelmed the Winklevoss-backed NFT exchange Nifty
Two years after CryptoKitties ‘broke Ethereum’ and the launch of a new CryptoKitty token has overwhelmed the Winklevoss-backed NFT exchange Nifty
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Investor interest in bitcoin options listed on the Chicago Mercantile Exchange (CME) peaked to record highs in the days after the recent halving event.
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Realistic Ethereum 2.0 Multi-Client Testnet 'Targeting for June
An Ethereum 2.0 developer call reveals that the Schlesi testnet was successful enough to hope for a more official multi-client testnet in June based on 0.12 specs.
An Ethereum 2.0 developer call reveals that the Schlesi testnet was successful enough to hope for a more official multi-client testnet in June based on 0.12 specs.
Forwarded from Official VIP Group
Lawsuit Claims Nvidia Misrepresented $1B in Sales to Crypto Miners
An amended complaint accuses Nvidia of misrepresenting over $1B in sales to downplay the firm’s reliance on sales to crypto miners.
An amended complaint accuses Nvidia of misrepresenting over $1B in sales to downplay the firm’s reliance on sales to crypto miners.
Forwarded from Official VIP Group
Fantom prices hit 59 sat, it is up by 31% from the entry!
Will see a correction short term as demand dries up, and if the local support at 51/52 region holds, it likely continue to rise, losing that support level will result in revisiting major support at 41/42 sat again.
Will see a correction short term as demand dries up, and if the local support at 51/52 region holds, it likely continue to rise, losing that support level will result in revisiting major support at 41/42 sat again.
Forwarded from Official VIP Group
Pine64 Drops BitPay Before First Bitcoin Payment Over Twitter ‘Outcry’
The latest revolt against the controversial BitPay appears to result in open-source competitor BTCPay getting its business.
The latest revolt against the controversial BitPay appears to result in open-source competitor BTCPay getting its business.
Forwarded from Official VIP Group
NBA Star Wants Fans to Buy His Contract for $24.6M… Because Bitcoin?
Spencer Dinwiddie has launched a crowdfunding campaign in a bid to sell his NBA contract to his fans for the cash equivalent of 2,625.8 BTC.
Spencer Dinwiddie has launched a crowdfunding campaign in a bid to sell his NBA contract to his fans for the cash equivalent of 2,625.8 BTC.
Forwarded from Official VIP Group
Chat chart request 💬
LTO still falling. Recent volume pumps give a hope whales are getting inside and once ready start to push the coin. But its impossible to say, how fast they will do it.
LTO still falling. Recent volume pumps give a hope whales are getting inside and once ready start to push the coin. But its impossible to say, how fast they will do it.
Forwarded from Official VIP Group
For ETH, a zoom in of the possible top formation. Can see it looks like an H&S, but it's way too big to be a reliable H&S, but think the neckline is clear though. Think if it breaks, it should drop like an immediate 5/6$, touching at least 190/92. If it drops slow, then could be a small bear trap instead.
If the trendline and/or the red zone breaks, we could move up again. So both options still possible here.
If the trendline and/or the red zone breaks, we could move up again. So both options still possible here.
Forwarded from Official VIP Group
5 reasons why day traders should keep an eye on Binance trading competitions. Comparing trading competition announcement effect on the price.
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Web3 Foundation Holds Off on 100x Polkadot Redenomination
The Web3 Foundation is holding off on its plan to redenominate Polkadot’s DOT tokens following a non-binding community referendum.
The Web3 Foundation is holding off on its plan to redenominate Polkadot’s DOT tokens following a non-binding community referendum.
Forwarded from Official VIP Group
FTX Launches Futures Contracts on Bitcoin Hashrate
In what is likely to be the first such offering in the world, a crypto derivatives exchange has announced the launch of a new futures market that represents hashrate, or the computational power, of the Bitcoin (BTC) network.
Announced today by Sam Bankman-Fried, CEO of crypto derivatives exchange FTX, the new product drew mixed reactions from the community, with some hailing it as a “great for miners,” and others suggesting it is another unnecessary trading product.
Regardless of how useful the new futures contracts may be for regular retail traders, it may certainly offer some benefits for miners as they seek to hedge risks associated with fluctuating hashrate on the network.
According to FTX’s contract specifications, their new hashrate futures “expire to the average BTC mining difficulty over a period of time,” meaning that they “roughly represent” the total hashpower used on the Bitcoin network. For example, the BTC-HASH-2020Q3 contract “settles to the average difficulty of bitcoin blocks mined during 2020 Q3,” divided by 1 trillion, the exchange said.
The idea of adding hashrate futures was first raised by FTX in a blog post in August last year, where Bankman-Fried said that they “are looking into hashrate, BTC dominance, and commodity futures” for listing on the exchange.
The bitcoin hashrate has risen fairly consistently over the past 12 months, but took a marked hit in March and dropped again after the third Bitcoin mining reward halving on May 11. However, it seems that hashrate has started moving up today again.
In either case, as reported, it might take weeks until we have a clear picture of the Bitcoin network after the halving.
FTX, which is backed by Binance, also made headlines earlier this year when it launched a futures contract that tracks the probability of Donald Trump winning the next US presidential election. The TRUMP contract is still trading on FTX, and is currently indicating a 50.1% probability that Trump will win the election.
In what is likely to be the first such offering in the world, a crypto derivatives exchange has announced the launch of a new futures market that represents hashrate, or the computational power, of the Bitcoin (BTC) network.
Announced today by Sam Bankman-Fried, CEO of crypto derivatives exchange FTX, the new product drew mixed reactions from the community, with some hailing it as a “great for miners,” and others suggesting it is another unnecessary trading product.
Regardless of how useful the new futures contracts may be for regular retail traders, it may certainly offer some benefits for miners as they seek to hedge risks associated with fluctuating hashrate on the network.
According to FTX’s contract specifications, their new hashrate futures “expire to the average BTC mining difficulty over a period of time,” meaning that they “roughly represent” the total hashpower used on the Bitcoin network. For example, the BTC-HASH-2020Q3 contract “settles to the average difficulty of bitcoin blocks mined during 2020 Q3,” divided by 1 trillion, the exchange said.
The idea of adding hashrate futures was first raised by FTX in a blog post in August last year, where Bankman-Fried said that they “are looking into hashrate, BTC dominance, and commodity futures” for listing on the exchange.
The bitcoin hashrate has risen fairly consistently over the past 12 months, but took a marked hit in March and dropped again after the third Bitcoin mining reward halving on May 11. However, it seems that hashrate has started moving up today again.
In either case, as reported, it might take weeks until we have a clear picture of the Bitcoin network after the halving.
FTX, which is backed by Binance, also made headlines earlier this year when it launched a futures contract that tracks the probability of Donald Trump winning the next US presidential election. The TRUMP contract is still trading on FTX, and is currently indicating a 50.1% probability that Trump will win the election.
Forwarded from Official VIP Group
Bitcoin is forming a telegram logo.
The price is preparing for a breakout of the pattern on the both sides and the next move is expecting to be massive.
STAY SAFE!
The price is preparing for a breakout of the pattern on the both sides and the next move is expecting to be massive.
STAY SAFE!
Forwarded from Official VIP Group
COVID-19 Incentivizing Crypto and Leading Mainstream Adoption
The COVID-19 crisis has pushed people to seek alternative technological solutions as blockchain and crypto become more popular.
The COVID-19 crisis has pushed people to seek alternative technological solutions as blockchain and crypto become more popular.
Forwarded from Official VIP Group
FLETA has signed a technical agreement with Oracle.
Through this technical agreement, FLETA will introduce OCI into the FLETA cloud server to improve the technological maturity of its mainnet and enhance its security.
FLETA team is expecting to strengthen the FLETA ecosystem, including the Formulator Node Monitoring System, and an automated system for server creation and expansion.
Through this technical agreement, FLETA will introduce OCI into the FLETA cloud server to improve the technological maturity of its mainnet and enhance its security.
FLETA team is expecting to strengthen the FLETA ecosystem, including the Formulator Node Monitoring System, and an automated system for server creation and expansion.
Forwarded from Official VIP Group
Daily Bitcoin chart review 📈
Yesterday's bullish move went by forecast. Hit both target at 9600 and 9960. Have to stay above 9600 to remain bullish. If pullback, bottom of that consolidation bull flag is at ~9230 (weaker zone at 9400). Bigger channel bottom at 8630. If 9600 hold the pressure (which is unlikely) nearest target is 9800.
Yesterday update: BTC targeting 9800 at least, next 9960. Possible pullback to 9600 - broken resistance that should be re-tested.
Resistance: 9800 - 9960 - 10100 - 10550
Support: 9600 - 9400 - 9230 - 8900 - 8630
Yesterday's bullish move went by forecast. Hit both target at 9600 and 9960. Have to stay above 9600 to remain bullish. If pullback, bottom of that consolidation bull flag is at ~9230 (weaker zone at 9400). Bigger channel bottom at 8630. If 9600 hold the pressure (which is unlikely) nearest target is 9800.
Yesterday update: BTC targeting 9800 at least, next 9960. Possible pullback to 9600 - broken resistance that should be re-tested.
Resistance: 9800 - 9960 - 10100 - 10550
Support: 9600 - 9400 - 9230 - 8900 - 8630
