|All Time High:|
|Market Cap: |
|The price of #GET today is $1.58 USD.|
The lowest GET price for this period was $0, the highest was $1.58, and the exact current price of one GET crypto coin is $1.57540.
The all-time high GET coin price was $10.23.
Use our custom price calculator to see the hypothetical price of GET with market cap of BTC or other crypto coins.
|The code for GET Protocol crypto currency is #GET. |
GET Protocol is 3.5 years old.
|The current market capitalization for GET Protocol is $25,850,735.|
GET Protocol is ranked #405 out of all coins, by market cap (and other factors).
|The trading volume is modest during the past 24 hours for #GET.|
Today's 24-hour trading volume across all exchanges for GET Protocol is $19,076.
|The circulating supply of GET is 16,409,015 coins, which is 49% of the maximum coin supply.|
A highlight of GET Protocol is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market.
|GET has limited pairings with other cryptocurrencies, but has at least 3 pairings and is listed on at least 4 crypto exchanges.|
View #GET trading pairs and crypto exchanges that currently support #GET purchase.
More GET Protocol (#GET) News
|Get Forked: Ethereum PoW Forks Fall 66% In Just Days
Data shows the Ethereum Proof-of-Work forks have sharply fallen down in the few days following the merge.
Ethereum PoW Forks Have Fallen 66% In Just Five Days
According to the latest weekly report from Arcane Research, the ETH PoW forks have performed very poorly against ETH since the merge.
The much talked-about event transitioned Ethereum to a Proof-of-Stake consensus mechanism, essentially obfuscating the use of miners on the network.
However, some communities that were in favor of the old PoW-based system decided to create forks as the merge came approaching.
These new forks still rely on mining for reaching consensus on the network and have therefore naturally attracted the stranded ETH miners.
Here is a chart that shows how some of the most popular forks (ETC, ETHW, and ETF) have compared versus Ethereum in the last five days:
Looks like the worst performer out of these was ETF | Source: Arcane Research's The Weekly Update - Week 37, 2022
As you can see in the above graph, Ethereum has been struggling since the merge, registering around 17% in negative returns.
The PoW forks, however, have been even worse. ETHW has noted losses upwards of 66%, while ETF investors have been yet deeper into the red with their holdings going down by more than 72% during the period.
The best of this bunch was Ethereum Classic, being down 'only' 25% in the last five days. This performance was much better than the other two forks, but still noticeably lower than ETH's returns.
The report n...
|Season 3 of The TRON Grand Hackathon: Get Ready for the HackaTRON
[PRESS RELEASE - Geneva, Switzerland, 19th September 2022]
TRON DAO and BitTorrent Chain (BTTC) are excited to announce Season 3 of the TRON Grand Hackathon 2022. This season is focused on expanding upon the success of Season 2, when we had over 1800 participants with over 200 projects. We intend on keeping that momentum moving forward.
In Season 3, we are increasing our overall prize pool from $1 million to $1.2 million. The same 4 tracks will be available for participants, and 2 new tracks will be introduced.
The returning tracks will have a total of 5 winners chosen by members of the TRON community as well as 5 winners chosen by the judges. There will be 5 winners for the Academy track along with 5 “honorable mention” winners. The Ecosystem track will feature 10 winners, 5 for creative-based projects and another 5 for technical-based projects.
Prizes for judge-voted winners across the DeFi, GameFi, NFT, and Web3 tracks:
1st Prize - $60,000
2nd Prize - $50,000
3rd Prize - $40,000
4th Prize - $30,000
5th Prize - $20,000
Prizes for community-voted winners across the DeFi, GameFi, NFT, and Web3 tracks:
1st Prize - $10,000
2nd Prize - $9,000
3rd Prize - $8,000
4th Prize - $7,000
5th Prize - $6,000
Prizes for Technical & Creative projects in the Ecosystem track:
1st Prize - $15,000
2nd Prize - $12,500
3rd Prize - $10,000
4th Prize - $7,500
5th Prize - $5,000
Prizes for judge-voted winners in the Academy track:
1st Prize - $15,000
2nd Prize - $10,000
3rd Prize - $9,00...
|Robert Kiyosaki Urges Investors to Get Into Crypto Now, Before Biggest E...
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has urged investors to get into crypto now, predicting that the biggest economic crash in world history is incoming. 'Now is the time you need to get into crypto,' he stressed.Robert Kiyosaki Says Now Is the Time to Buy Crypto
The author of Rich Dad Poor Dad, Robert Kiyosaki, reportedly told his 'Rich Dad Community' mailing list subscribers Sunday that they need to get into crypto now, before the biggest crash in world history hits.
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Reiterating his dire predictions to his mailing list subscribers, Kiyosaki wrote:
I predict the biggest crash in world history is coming.
While the famous author has warned about a lengthy downturn, he emphasized that bear markets are the best times for investors to get rich as everything will be on sale. His advice echoed his tweet in July when he said his favorite four-letter word is 'sale.' The famous author explained that asset prices are crashing and he is in a 'cash position waiting to pick up bargains, especially in real estate and bitcoin.'
Kiyosaki also warned that the U.S. dollar is crashing, leading to mainstream acceptance of cryptocurrencies that are not controlled by governments. Noting that the Federal R...
|Polygon Banks On Merge To Get Rid Of 60,000 Tons Of Carbon Footprint
Polygon expects to eliminate a considerable amount of carbon traces from its system as the Merge nears.
The Ethereum Merge is just around the corner. With a soft deadline set on September 15, the world will soon find out whether or not the developers' hopes for a positive change are realized.
The Ethereum-based Polygon blockchain will also undergo changes as a result of the Merge. In a nutshell , the Merge is the transition from Proof-of-Work (PoW) to Proof-of-stake (PoS). With this update, the Ethereum network should use less energy in the future.
If you take Chile's annual electricity consumption of 77.53 TWh and apply it to the current annual electricity usage of the Ethereum network, you get a pretty good idea of how much power is being used.
Polygon's Burden: Cutting Carbon Footprint
The network's carbon footprint is comparable to that of Hong Kong (which is 43.24 MT CO2), so it's quite sizable.
Based on research by Polygon, the network is responsible for 0.48 percent of Ethereum's total carbon footprint of 12,721,000 metric tons of carbon equivalent. This estimate is valid for the period beginning in August 2021 and ending in July 2022.
That's the equivalent of creating 60,930 tons of carbon dioxide. Polygon also mentioned the difficulty in doing so, noting that it must also factor in the emissions of its L1 chain.
As a result, the progress Ethereum has made toward a (almost) emission-free system will have a significant effect on Polygon's emission rates.
Polygon did t...
|Crypto Market Setting Up For 'Squeeze Of Historic Proportions', Will BTC...
Bitcoin is showing weakness as BTC price trades in a tight range, the number one crypto by market cap saw a small uptick in volatility during today’s trading session. However, the price action was smothered by poor performance in traditional equities.
At the time of writing, BTC price trades at $19,00 with a 4% loss in the last 24 hours and a 3% loss over the past week. As Bitcoin trends lower into support, the momentum indicator follows suggesting there is little conviction to resume bullish momentum.
BTC's price trends lower on the 4-hour chart, heading into yearly lows? Source: BTCUSDT Tradingview
BTC Price Liquidity Trends To The Downside As Bitcoin Loses $19,000 Levels
In the coming two weeks, the crypto market will go through a major milestone with Ethereum’s “Merge”. The second crypto by market cap will complete its transition to a Proof-of-Stake (PoS) consensus. As a result, ETH price has been outperforming BTC price.
“The Merge” is scheduled for mainnet deployment between September 13th to 15th, this event is bound to bring volatility into the market. Today, Ethereum core developers announced the successful implementation of the “Bellatrix” update.
A few hours later, the BTC price broke below a critical support zone and trendline created since the August bullish price action. Data from Material Indicators shows liquidity in the orderbook for crypto exchange Binance has been getting thick to the downside.
As the price o...
|$500 Million In Bitcoin Shorts Pile In As BTC Price Sits Below $20,000, ...
Bitcoin has experienced a trading session with low volatility as the cryptocurrency moves in a tight range. The cryptocurrency is flirting with a critical support zone at around $19,500 which has been able to hold despite last week’s spike in selling pressure.
At the time of writing, the price of Bitcoin (BTC) trades at $19,700 with sideways movement during the last 24 hours and the past week. As the price of Bitcoin stalls, crypto investors seem to be shifting their attention to other cryptocurrencies or waiting to see if these levels will hold.
BTC's price moving sideways on the 4-hour chart. Source: BTCUSDT Tradingview
Some traders are more daring, expecting Bitcoin to re-test critical support at its multi-year low of around $18,000. As a consequence, the BTC/USDT trading pair saw an uptick in the amount of Open Interest (OI).
As a pseudonym trader noted, the increase in Open Interest for the past week totals almost half a billion dollars or 24,000 BTC. These short positions have been “aggressively” piling in as BTC’s price sits on a massive wall of bid orders.
There are over $50 million in buy orders sitting immediately below BTC’s price current levels. The price of the number one cryptocurrency has also been bouncing back from $19,500 over the past month’s downside price action.
Therefore, the odds seem to be stacked against this $500 million in short positions, and as Bitcoin consolidates, with liquidity moving upwards, the chance of...
|Crypto.com Accidentally Sent $7 Million to Customer — Sues 7 Month...
Cryptocurrency exchange Crypto.com accidentally transferred about $7.26 million to a customer's account but did not notice the error for seven months. The crypto company has now sued the customer to recover the funds.Crypto.com Sues Customer 7 Months After Mistakenly Transferring over $7 Million
The Australian Supreme Court of Victoria released a default judgment Friday in a case where crypto exchange Crypto.com accidentally transferred more than AUD$10.47 million ($7.26 million) to a customer's account on May 20, 2021.
The crypto firm made claims against eight defendants, including Thevamanogari Manivel, the Crypto.com customer whose account received the AUD$10.47 million in error. The court document shows that in May last year:
Instead of refunding $100 [Australian dollars] as intended, $10,474,143 was erroneously transferred … to Manivel after an account number was accidentally entered into the payment amount field.
'Extraordinarily, the plaintiffs allegedly did not realize this significant error until some 7 months later, in late December 2021,' the court document adds.
Crypto.com noticed the error when an audit was performed in December 2001 and subsequently filed a lawsuit against the customer and related parties to recover the transferred funds.
The judgment details that Manviel disbursed AUD$10,100,000 to an account held jointly with another defendant in May 2021 after receiving AUD$10.47 million from Crypto.com. On Jan 31, she transferred AUD$430K from the jo...
|Why Is Shiba Inu's $BONE On The Rise And Is It Time To Get In?
Meme coin Shiba Inu has been able to properly leverage its popularity and build out another token, BONE, that is catching the eye of investors. $BONE is the native token of the Shiba Inu decentralized exchange, ShibSwap. Now, like any decentralized exchange, putting the native token to work by using it for swaps gives it utility, which has driven the price of BONE upwards. But now, the digital asset is on the move once more.
BONE Exchange Listings Trigger Rise
Just like Shiba Inu in its time, BONE is receiving a lot of support from the community during this time. Exchanges have moved to list the digital asset on their platform, and as expected, these have triggered a pump in the price of the cryptocurrency.
The first catalyst for the upward movement had been the Gate.io vote that included BONE. Sometimes, exchanges will hold voting competitions for different digital assets, and the ones with the most votes are usually listed on the exchange. The prospect of BONE being listed on Gate alone has set it on an upward trajectory.
Then came the official listing on another crypto exchange called BlueBit. With both of these news driving more interest into the token, the price had surged more than 110% in the span of 48 hours. In just the last 24 hours alone, it has grown 83.22% to its current price of $2.10.
Is It Time To Get In? Cryptocurrencies, such as BONE, are seen as high-risk plays due to their movement relying solely on the hype created in the community, and if this hy...
|BTC Needs to Reclaim This Level to Get Back on Bullish Track (Bitcoin Pr...
After a slight recovery towards the $24K level, the 100-day moving average has successfully rejected the price. The result was the breakout of the 50-day moving average. Since then, BTC has been dormant as uncertainty returns to the market.
The Daily Chart
The most recent price action for Bitcoin is not reassuring and has formed a clear bearish continuation correction wedge pattern and has been rejected three times from the upper boundary. Furthermore, if BTC goes through a pullback to the 50-day moving average, a rapid breakdown of $20K followed by a massive bearish leg would become more possible.
On the other hand, the $20K level is a substantial sentimental support level for market participants. Considering the significant liquidity(retailers’ stops) resting below the mentioned level, the bearish momentum will likely act as a catalyst to the next downward move in case of a breakout.
The 4-Hour Chart
The continuation correction wedge pattern is more evident in the 4-hour chart. The price was recently knocked back from the upper trendline and has fallen to the lower boundary of the wedge. There are no signs of strength in the price action showing.
However, each expansion move accompanies continuation corrections. The 61.8% level of the Fibonacci indicator is currently located at approximately $22.5K. As a result, the price might form a pullback to the 61.8% Fib level and begin the next bearish rally.
|WEF's Great Reset Agenda Continues to Get Significant Pushback From Crit...
Amid the Covid-19 pandemic in 2020, the world's bureaucrats, financial institutions, multinational corporations, and international organizations started promoting the Great Reset concept, an idea launched by the World Economic Forum (WEF) that claims to bolster a greener and fairer world. Since the Great Reset idea started seeing a lot more promotion that year and well after 2020, a great number of global citizens have spoken out against the subject. The controversial topic gained so much prominence that fact checkers were deployed to social media platforms last year in order to curb alleged misinformation about the Great Reset theme. Today, various people still condemn Great Reset content on social media and chastise the establishment that's been conveying the message.The Now-Deleted 'You'll Own Nothing, and You'll Be Happy' WEF Tweet From 2016
If you follow the news and pay attention to economics and politics, you've probably heard about the Great Reset and the phrase 'You'll own nothing, and you'll be happy.' Many people connect the Great Reset and the phrase to the World Economic Forum (WEF), an independent international organization founded by Klaus Schwab. That's because WEF tweeted about eight predictions for the year 2030 in November 2016.
The tweet and the 'You'll own nothing, and you'll be happy' quote stems from an opinion editorial written by the Danish MP Ida Auken. Then, years later amid the Covid-19 pandemic in 2020, there was a big Great Reset push from the WE...
|Bitpay Reveals Prepaid Cardholders Can Get up to 15% Cash Back Rewards v...
The Atlanta-based crypto payment services company Bitpay has announced that Bitpay's prepaid cardholders are eligible for cash back rewards if they use their card with participating retailers. The rewards feature stems from Bitpay's partnership with Cardlytics and cardholders can get up to 15% in cash back rewards on purchases from the service from thousands of retailers.Bitpay Partners With Cardlytics to Offer Cash Back Rewards to Bitpay Card Users Shopping at Select Merchants
On Wednesday, Bitpay announced that the crypto payment firm has partnered with the publicly-listed company Cardlytics (Nasdaq: CDLX) in order to provide Bitpay cardholders with cash back rewards options from specific retailers. Cardlytics will manage the cash-back rewards platform and Bitpay cardholders can get up to 15% cash back on purchases every time they patronize participating merchants.
Cardlytics is partnered with thousands of unique merchants such as Adidas, Costco, Office Depot, Shake Shack, Sam's Club, Finish Line, and H&M. Farrell Hudzik, the EVP of financial institutions at Cardlytics, explains that getting rewards for using the Bitpay card at specific merchants is easy. 'Working with Bitpay, we offer their crypto cardholders a customized shopping experience where they can earn cash back making the Bitpay card easy to use anytime they shop,' Hudzik said in a statement on Wednesday.
The Cardlytics executive Hudzik added:
We have thousands of brands on our platform and are always looking at...
|Bitcoin Records Worst Performance For June, Will It Get Better From Here...
Bitcoin performance for the month of June has been nothing short of unremarkable so far. Being a market leader, the other cryptocurrencies in the market have mirrored its movements for the month, leading to massive losses across the board. However, the numbers for June are in and it shows that bitcoin’s performance for the month has been worse in comparison to its altcoin counterparts.
Bitcoin Performance Staggers
Performance all across the board has been terrible. So far, all of the indexes have come back with double-digits in losses for the month of June, and that is in addition to the subpar performance the market had seen in the prior month. This has resulted in a decline in the dominance of bitcoin over the broader market after recovering to 48% in early June. BTC dominance is now sitting at 43.69% according to data from TradingView.com.
BTC records wost performance for June | Source: Arcane Research
Mostly the losses have stemmed from the liquidations of large players in the space. The losses recorded in bitcoin can however be attributed to the fact that creditors focus their efforts on more liquid coins like bitcoin. Thus the losses are more pronounced in the digital asset.
Altcoins Suffer In Tandem
Although the altcoins in the space have not recorded as many losses as bitcoin, they have seen high losses too. The large cap index is one that follows bitcoin very closely. Hence, the decline in BTC’s price tends to be more pronounced in these digital assets. ...
|MicroStrategy Didn't Get a Margin Call on $205M Bitcoin-Backed Loa...
MicroStrategy refuted rumors that it had received a margin call against its $205-million bitcoin-backed loan from Silvergate Capital, although BTC dipped below the company's liquidation price of $21,000.
The NASDAQ-listed business intelligence giant started accumulating massive portions of bitcoin nearly two years ago. Since then, it has bought nearly 130,000 BTC. Some purchases came from excess cash, while others were executed following convertible note offerings.
In late March, the company made history by taking a $205 million term loan from Silvegate Bank, collateralized by its own BTC holdings. The firm used the funds to purchase even more bitcoins.
However, this came at a time when the cryptocurrency was riding high at almost $50,000. Since then, the asset has lost more than 50% of its value in just a few months, which jeopardized MicroStrategy's loan and raised the risks of a liquidation.
Back in May, when BTC had already dropped to around $30,000, the company's CEO and founder - Michael Saylor - said the loan required maintenance collateral worth $410 million to stay active (twice the size of the original loan).
Moreover, he noted that the collateral MicroStrategy had pledged was enough to keep the position safe until BTC's price drops to $21,062 - something that seemed unlikely in late March but happened this week.
A Reuters report from June 15 cited a company statement denying receiving a margin call against the Silvergate loan 'even as bitcoin prices have fluctuate...
|Bitcoin Miners May Get Another Break This Week as Network's Mining...
Bitcoin miners may catch another break this week as the network's mining difficulty is estimated to see a reduction tomorrow. Every two weeks Bitcoin's difficulty adjustment algorithm (DAA) changes, and during the last DAA change, the difficulty dipped by 4.33%. Currently, at 235 exahash per second (EH/s), the network is expected to see a DAA reduction of 0.51% from today's metric.This Week's Bitcoin Mining Difficulty Change Is Expected to Drop Lower
On June 7, 2022, there's one more day until the next DAA change and it's expected to drop lower when the shift commences. The DAA changes every 2,016 blocks or roughly every two weeks, and after block height 735,840, it was the highest difficulty rating ever recorded at 31.35 trillion.
Essentially, if blocks are mined quicker than expected, the DAA increases and if the blocks mined were slower during the two-week period, the difficulty decreases. After the all-time high (ATH) at 31.35 trillion, the last DAA shift at block height 737,856 dropped by 4.33%, bringing the current difficulty parameter down to 29.90 trillion.
When the difficulty drops, it is a lot easier to find bitcoin block rewards, and when the DAA metric increases, it is a lot harder for bitcoin miners to find BTC block rewards. The DAA retarget is more than 160 blocks away and is expected to change tomorrow, June 8, 2022.
If the expected 0.51% drop comes to fruition, the difficulty will be 29.75 trillion for two weeks following the DAA change. Bitcoin's hashrate ...
|Ethereum Remains Revenue King as Competing L1s Get Crushed
Crypto network fees and revenue are good indicators of the state of markets. In bull markets, demand is high, and fees and revenue increase, however, the opposite occurs when the bears have control of things.
Around half a year into the current bear market cycle, many crypto network revenues have fallen lower than the asset prices themselves.
This pattern has been observed by the founder of Crypto Pragmatist, Jack Niewold, on June 7, who revealed why he thinks Ethereum remains the king of the crop.
THE STATE OF DEFI
A thread on how the last 180 days have affected crypto fees and revenue:
— Jack Niewold (@JackNiewold) June 6, 2022
Ethereum is King of The Fees
With network fees in mind, Ethereum became unusable for the average person in November and May when gas prices skyrocketed to three figures. However, some were still willing to pay that much to use the network, which is a testament to Ethereum block space demand.
“Ethereum blockspace is a premium product: something that goes after the highest-end, those customers that are most willing to pay at any price. Just look at the BAYC land sale.”
Niewold observed that alternative layer-1 networks do not benefit from this fee reflexivity 'as their competitive advantage dies down in periods of lower activity.'
He used Solana as an example which has seen value moved on-chain crushed over the past couple of months. Five outages this year have also been a detriment to Solana, which was once believed to be an 'Ether...
|Get Real, Lagarde — The Underlying Asset 'Guaranteeing&rsquo...
With the approaching tsunami of central bank digital currencies (CBDCs) looming ever closer, it shouldn't come as a surprise when central banks shill their coins at the expense of sounder assets. Recently, European Central Bank president Christine Lagarde went so far as to say that cryptocurrency is 'worth nothing.' According to Lagarde, crypto has 'no underlying asset' like the upcoming digital euro. But fiat money's secret source of value is the real explosive scandal.
European Central Bank President Christine Lagarde recently remarked that crypto is 'worth nothing' and needs to be regulated. Nevermind the humor in trying to regulate something worthless, or her failure to understand subjective value, but the once-convicted criminal Christine said something that was very interesting:
[With crypto] there is no underlying asset to act as an anchor of safety.
She was making this observation in comparison to the upcoming digital euro central bank digital currency (CBDC), and claimed that 'any digital euro, I will guarantee - so the central bank will be behind it and I think it's vastly different.'
This begs the question of what guarantees the value of the euro itself, or the U.S. dollar, or any fiat currency. As their worth is supposedly established by the decree of governments (groups of mere individuals just like you and me), what then is the 'underlying asset' which gives these currencies their value? In the case of government money, the answer might...
|Elon Musk: US Economy Is Probably in Recession That Could Last 18 Months...
Tesla and Spacex CEO Elon Musk says that the U.S. economy is probably in a recession and it could be 'tough going' for 12 to 18 months. He added: 'The honest reason for inflation is that the government printed a zillion more money than it had.'Elon Musk on U.S. Recession and Inflation
Elon Musk, the CEO of Tesla and Spacex, talked about the U.S. economy on the All-In podcast, published Monday.
Commenting on whether the U.S. economy is in a recession, Musk said:
We probably are in a recession and that recession will get worse but these things pass and then there will be boom times again … It'll probably be some tough going for, I don't know, a year, maybe 12-18 months.
He added that 12 to 18 months is roughly the amount of time for a correction to happen. Recession fears have escalated recently as the Federal Reserve tightens monetary policy to help cool down inflation.
Musk explained that in his opinion, recessions are not necessarily a bad thing, emphasizing that he's been through a few of them in his time at public companies. 'What tends to happen is, if you have a boom that goes on for too long, you get misallocation of capital - it starts raining money on fools, basically,' he described.
Noting that the rising prices resulted from money printing, the Tesla boss said:
The honest reason for inflation is that the government printed a zillion more money than it had … This is not like, you know, super complicated.
Musk added that countries like Venezuela had alre...
|How to Get Fit and Earn Crypto with MoveZ
Tokenomics emerged as a popular concept in the crypto space in 2017 as a way to incentivize certain behaviors on blockchains through the use of tokens. The idea is that by aligning the economic incentives of a project with its users, you can more effectively drive adoption and usage.
One area where tokenomics have been applied is in the realm of fitness and exercise. The theory goes that if you can reward people for getting in shape and staying active, you can help address the global obesity epidemic. Recent years have seen a number of 'move-to-earn' apps emerge, including Sweatcoin and STEPN.
MoveZ is the latest entrant into this space, and it's powered by BlueZilla, a platform that has launched a third of the best performing IDOs. MoveZ has set out to resolve the challenges faced by earlier options with an array of unique features - including the 'burn to earn' concept where doing exercise results in the users' favorite tokens being burnt, and them being rewarded in their favorite tokens. It's also deflationary, which will help to balance supply with demand.
How Much Users can Earn
The amount you can earn using MoveZ will depend on your activity level and the quality of your NFTs. The higher your activity level, the more you can earn. And if you have a high-quality NFT, you'll be able to earn more as well. In practice, this means earnings range from a few bucks to several hundred dollars per day - depending on how active you are and what kind of NFTs you have.
On MoveZ, ALL...
|Bittrex CBO: Why Bittrex Lost its Lead, Token Sales' Critical Mist...
Bittrex Global is the international arm of the Seattle, Washington-based U.S. Bittrex exchange. It is based in Lichtenstein, and it’s registered and supervised by the local financial market authority. For the first years of crypto trading and until the 2017 bull run, Bittrex was considered to be among the leading exchanges, and founders were eager to list their tokens on the US-based exchange.
Chris Sinkey is the Chief Business Officer and Listing Director for Bittrex Global for non-U.S. users.
At the Paris Blockchain Week conference in April, CryptoPotato sat down with Sinkey for an illuminating conversation about the history of Bittrex, the current state of crypto exchanges with regard to security and regulation, and the future of token sales.
Sinkey told us that “It became clear that due to regulatory clarity, it made a lot of business sense to segregate our user base between US and non-US.
Bittrex and Bittrex Global: What’s the Difference?
Sinkey revealed that they created the new international entity called Bittrex Global in search of regulatory clarity and based it in Lichtenstein, where the company is registered and also supervised.
Both companies (Bittrex and Bittrex Global) continue to have “a relationship to this day from an engineering perspective.” In other words, Bittrex supports the engineering backend, the trading infrastructure, the matching engine, wallet, integrations, and the new product development of Bittrex Global.
|Bitcoin Gives Bullish Clues, Will The FED Meeting Get In The Way?
Bitcoin is still stuck in the $38,000 area with sideways movement during the past week. Source: BTCUSD Tradingview
Tomorrow, the U.S. Federal Reserve (FED) branch Federal Open Market Committee (FOMC) will hold a meeting. Market participants expect the financial institution to announce a more aggressive shift in their monetary policy.
Two months ago, the FED hinted at an increase in interest rates by 25 basis points (bps). Tomorrow the increase could be set higher at 50 basis points (bps).
This will be the first 50 bps hike in over two decades, according to trading firm QCP Capital. The firm believes that Bitcoin and the crypto market have been suffering because of several factors.
These include a dropped in equities, with the NASDAQ Index and the S&P 500 recording 13% and 9% losses in 30 days. Bitcoin has been moving in tandem with big tech stocks. Therefore, the crash was expected, but not the subsequent strength.
The latter has been underestimated by market participants. The general sentiment in the crypto market seems bearish despite Bitcoin’s capacity to hold critical support at its current levels.
In addition to the macro-outlook, QCP Capital believes there has been an increase in negative headlines which contributed to the losses. Several DeFi protocols suffered exploits over the past week, and other networks experienced outages.
However, the trading firm noted the following:
In spite of the overall bearishness, we've actually been seeing decent upside demand both...
|While Global Markets Get Spooked by Covid and a Hawkish Fed, Stocks and ...
Wall Street suffered Monday morning as the major U.S. stock indexes dropped further, building on losses gathered last week. Reports indicate that investors are concerned about the upcoming Federal Reserve rate hikes and China's recent Covid-19 outbreak. As equities floundered on Monday, the crypto economy slid under the $2 trillion mark and gold prices dropped 1.6% against the U.S. dollar during the past 24 hours. However, after Elon Musk revealed he acquired Twitter at 2:50 p.m. (ET), both equities and crypto markets rebounded a great deal following the announcement.Global Markets Shake Over Fears of Covid-19 Related Supply Chain Issues and the Possibility of Aggressive Rate Hikes
Four days ago, Jerome Powell, the current U.S. Federal Reserve chair, explained at an International Monetary Fund (IMF) panel discussion on April 21, that the U.S. central bank may have to move 'more quickly' when it comes to bank rate hikes. Powell further noted that the U.S. central bank could implement a 50 basis-point rate hike at the next Fed meeting. The hawkish comments from Powell have spooked investors and U.S. stock indexes took losses before the weekend started last week.
On Monday, Wall Street continued to suffer as the Dow Jones Industrial Average, NYSE Composite, and the S&P 500 all saw losses. At 10 a.m. (ET), the Dow shed 415.23 points and by the afternoon, it recovered a little more than half of the losses back. The blame is currently being placed on the Federal Reserve's upcoming...
|Upcoming Launch of ZENCON Innovation Awards Hackathon Event 2022: Four R...
[PRESS RELEASE - Please Read Disclaimer]
If you haven’t already heard, ZENCON Innovation Awards Hackathon recently collaborated with multiple partners to create an exclusive and exciting Hackathon Event. Set to take place in Mexico, it’s the perfect time to see what the organization plans to bring to the table within the blockchain space while joining a community of skilled, experienced developers ready to work on revolutionary projects.
#1. You Can Collaborate Like Never Before
If you’re a developer with a genuine passion for the industry and love the idea of discussing new and exciting ideas, attending the event will allow you to do just that. It’s an exciting time to meet like-minded individuals from around the world and begin sharing ideas with the potential to bring them to life. The ZENCON Innovation Awards Hackathon Event 2022 encourages developers to collaborate on fresh ideas while focusing on ways to present those ideas to others, ultimately bringing new opportunities and innovation to the forefront.
#2. It’s the Perfect Place to Meet Industry Experts
Learn more about the industry and web 3 while meeting dozens of crypto and blockchain industry experts. Gain more significant insights when listening to the valuable knowledge shared by these experts and others in attendance at the event, including investors, artists, and stars who look forward to seeing developers participating in the ZENCON Hackathon.
#3. You Have the Chance to Showcase ...
|Bitcoin And Ether Up As BTC Whales Get Busy Acquiring New Supply From Se...
The majority of cryptocurrencies were trading in the green zone early Sunday. Bitcoin price increased 0.62% in the previous 24 hours to $42,679.03, while Ethereum's price inched up 1.26% to $3,254.76.
According to Coindesk data, Ether, the second most traded cryptocurrency, was trading at $3,254, up 1.21%.
During the previous day's session, Bitcoin was trading at its long-term support level, while the crypto markets continued to drop.
BTC/USD spent the most of Saturday trading near its $42,000 support level, following an earlier low of $42,183.25.
Bitcoin, the world's most valuable cryptocurrency, is currently worth $811,832,005,365.
|Get Ready For A Bitcoin Short Squeeze? Long Traders Pile Up As BTC Strug...
Bitcoin has been hinting at lower levels during today’s trading session. Source: BTCUSD Tradingview
Data from Material Indicators records little support for BTC’s price as it moves in a tight range between $42,500 and $43,500. The benchmark crypto has been losing bid orders that could absorb future downside price action.
As the chart below shows, BTC had around $10 million in bids orders that were pulled as the crypto trended to the downside. This liquidity seems to have been distributed between $42,000, $41,500, and $41,000 which could stand as the last line of defense against a fresh assault from the bears.
BTC's price losses support at around $42,000. Source: Material Indicators
The chart also shows how an entity places strategic asks orders when BTC’s price attempted to reclaim its previous levels. This happened as investors with asks orders of around $100,000 push BTC’s price back down to the low $40,000.
The biggest sellers of this current price action seem to be retail investors and investors with asks orders of around $10,000 (yellow and red in the chart below). Only investors with bid orders of around $1,000 (green in the chart) seem to have been showing interest in buying into BTC’s price.
Large sellers (purple) attempts to push BTC's price down. Source: Material Indicators
The above suggest a potential large entity trying to push BTC’s price down to accumulate BTC at optimal levels. The distribution of liquidity first concentra...
|Allocation of IDO Drunk Robots Is Only $5000: How to Get More with Uniqu...
Get ready to be part of the neo-punk city of Los Machines and crush your enemies with your steel fists in the NFT-game 'Drunk Robots' on April 7th on Liquidifty, GameFi, and TrustPad.
IDO 'Drunk Robots' will launch in a few days at three platforms at once. It won't be long before you enter the futuristic neo-punk world of Los Machines, a futuristic city overrun by drunken robots looking to hoard metal.
This is fun, high-octane brawler should shake up the Play-to-Earn market, and now you have a chance to get some $METAL tokens and throw your hat into the ring along with amazing and famous project investors such as Animoca Brands, Merit Circle, Gate.io, Zb.com and founder 1Inch!
Now let's find out the terms of participating in IDO of 'Drunk Robots' on GameFi, TrustPad and Liquidifty platforms:
On the GameFi:
Minimum Investment in Launchpad tokens to get an access to IDO Lottery: $889
Minimum Investment in Launchpad tokens to get an access for Guaranteed allocation: $133,350
Total number of METAL allocated: 15,000,000
How to participate
On the TrustPad:
Minimum Investment in Launchpad tokens to get an access to Lottery: $1590
Minimum Investment in Launchpad tokens to get an access for Guaranteed allocation: $7950
Total number of METAL allocated: 5,000,000
How to participate
On the Liquidifty:
Minimum Investment in Launchpad tokens to get an access to IDO: $600
Minimum Investment in Launchpad tokens to get a guaranteed allocation: $2000
Total number of METAL...
|Bee Crypto Token – Should I Get Into It?
Bee Crypto Token - Should I Get Into It? You may wonder, in this guide, we will break down all this for you, and whether or not, you should get into bee crypto token or not.
Are you curious about the new innovative blockchain cryptocurrencies? Do you want to invest in one of the latest Bee Network cryptocurrencies? You have heard of it but don't know what it is and how to mine it?
Well, if you are really interested and are looking for this information, stop banging your head hard because you've come to the right place.
We, in this article, provide you with all the necessary information related to bee network currency, answering you're all what, what and how queries. So, without further ado, let's jump right in.
What Is Bee Network?
Ever heard of Bee Network but don't really know what it is? Bee network is truly a Decentralised Autonomous Organisation (DAO) whose operations are to automatically agree to the rules assigned in the code without involving the human being.
You might wonder what's the inspiration behind Bee Network's name and why it is Bee Network? This name is inspired by the Hive Mind concept, taken from the reputable publication 'Out of Control', a new Biology of Machines, Social Systems, and the Economic World by Kevin Kelly.
It's according to the notion of Hive, in which there is a clear division of labor and every honey bee has its own roles to perform and responsibilities to fulfill. And to ensure smooth functioning, they work together systematica...
|Defiance CEO 'Completely Bullish on Bitcoin'— Says It&...
The head of Defiance ETFs says she is 'completely bullish on bitcoin.' Noting that it is a 'good time' to get into the cryptocurrency, she explained why she believes the price of bitcoin will reach $100K.CEO of Defiance ETFs Bullish on Bitcoin
Sylvia Jablonski, chief executive officer, chief investment officer, and co-founder of Defiance ETFs, explained her bullishness on bitcoin despite recent price declines in an interview with CNBC Thursday.
Defiance ETFs is an exchange-traded funds (ETFs) sponsor and registered investment advisor focused on thematic investing.
Jablonski told the media outlet:
I remain completely bullish on bitcoin. I think the short-term activity is just noise.
She noted: 'It looks as though, in terms of what we've seen for the last six months to a year or so, is that bitcoin is correlated with risk assets and equities specifically.'
The executive explained that when investors see the crypto market rallying for a couple of days, they pile back into bitcoin, ether, and some of the other cryptocurrencies. Similarly, 'when you do see pullbacks, they seem to be hitting bitcoin too,' she pointed out.
Regarding bitcoin as an inflation hedge, she admitted that 'a couple of years ago, a lot of us thought that bitcoin was going to be this great inflation hedge and it was going to react in a similar way to gold and it was going to be this safe-haven inflation trade, but I think it's trading more like a Nasdaq 100 stock than it is like an inflation trade.'
|Fintech Platform Nequi Plans to Get Into the Cryptocurrency Business in ...
Nequi, a fintech neobank which allowed Colombian citizens to test all-digital financial services, has announced its plans for expansion after having parted ways with Bancolombia, the bank that gave it its origin. These plans include an entry into the cryptocurrency world while complying with the limits set by current regulators.
Colombian Nequi to Enter Crypto Market
More and more neobanks are considering including cryptocurrencies in their service offerings. This is the case with Nequi, a fintech platform that is reportedly considering making an entrance into the crypto sector in Colombia. The platform, which has more than ten million customers, is now in talks to become an independent company and platform, separating itself from Bancolombia.
The announcement was made by Nequi's CEO, Cipriano Lopez, in a webinar with Credicorp Capital, a holding company that also lends financial services to its customers. Lopez explained that Nequi wants to make a direct entry into the market, with compliance being one of its first concerns.
Nequi is currently awaiting regulatory approval to become an independent financial company in order to apply the improvements and new plans envisioned.
Strategy, Pandemic, and Growth
The inclusion of cryptocurrency and other new features in the app is part of Nequi's strategy to keep growing and adding new users. The platform managed to grow enormously even during the pandemic, having gained over four million customers...
|Short Traders Get the Short End Of The Stick As Bitcoin Breaks $47,000
Bitcoin price has shattered $47,000 and has left in its wake the bloodbath that is short liquidations. These short traders that obviously expected the previous market trend of low momentum to continue have now incurred hundreds of millions of dollars in losses in the crypto market, and in a very short time too. The bloodbath has not eased up either since bitcoin is still firm in its recovery trend.
Bitcoin Traders Get Rekt
Bitcoin had been on a slow but steady recovery trend over the past week. However, the weekend would quickly put a stop to this slow trend as the digital asset had surged drastically on Sunday night. These traders who had millions in the market riding on bitcoin continue to fall would see themselves lose millions before the trading market open on Monday.
BTC liquidations reach $169 million | Source: Coinglass
As usual, bitcoin led the pack in terms of liquidation losses. The digital asset saw tens of millions of shorts liquidated in just a matter of minutes following the price surge. In total, there have been more than $60 million in shorts liquidated in the past 12 hours as of the time of writing. On the 24-hour scale, the numbers are even grimmer given that more than $169 million in liquidations have been recorded.
Liquidations Rock Crypto Market
On a broader scale, a lot of crypto traders have been burned in just the last 24 hours ago. Most notable was when the price of bitcoin had successfully broken past $45,000. This point is where bears mounted signi...
|Mt Gox Former CEO Issues NFT Series, Customers to Get Them Free
While still waiting to see what would happen with the bitcoins that were stolen from the Mt. Gox exchange, over a million clients will be able to mint NFTs for free to participate in a new business started by the exchange's former CEO.
Mt. Gox was once the most utilized cryptocurrency exchange with over one million reported users (back in 2014) and responsible for over half of the overall trading volume.
However, it all turned sour following a hack against the platform that resulted in 850,000 bitcoin stolen in 2014 (200,000 were later recovered), and the company went bankrupt.
What will happen to those funds remains a mystery until this day, with rehabilitation creditors still debating on the recovery plans. Nevertheless, the most recent reports suggested that investors could receive billions of dollars worth of BTC this year.
In the meantime, Mt. Gox's former CEO – Mark Karpeles – has decided to foray into another initiative focused on the cryptocurrency industry.
As he announced in a recent interview, the new project – promptly named UNGOX – will be a service providing ratings for crypto exchanges and their security levels by checking key areas, such as technology, legal context, people, transparency.
To get the initiative going and reconnect with his former customers, Karpeles will introduce a non-fungible token series. Users who had registered from July 17, 2010, until February 25, 2014, will be able to provide their account details and get an NF...