|All Time High:|
|Market Cap: |
|The price of #KEEP today is $0.14 USD.|
The lowest KEEP price for this period was $0, the highest was $0.142, and the current live price for one KEEP coin is $0.14217.
The all-time high KEEP coin price was $2.38.
Use our custom price calculator to see the hypothetical price of KEEP with market cap of ETH or other crypto coins.
|The code for Keep Network is #KEEP. |
Keep Network is 2.4 years old.
|The current market capitalization for Keep Network is $123,072,237.|
Keep Network is ranked #187 out of all coins, by market cap (and other factors).
|The trading volume is medium today for #KEEP.|
Today's 24-hour trading volume across all exchanges for Keep Network is $371,335.
|The circulating supply of KEEP is 865,684,158 coins, which is 87% of the total coin supply.|
A Provisional Timeline for the Threshold Merger
We shared some important updates on the latest Threshold Wide Community Call; not only the new Threshold branding and visual identity, the formation of Threshold Community Guilds to be formed by community members committed to providing contributions in a variety of areas, but also the hotly anticipated provisional merge timeline for the upcoming Threshold launch. Key milestones are already underway, including security audits and completed community snapshots for the Reward Mechanism. ChainSecurity and Certik, who are reviewing our smart contracts, are some of the leading auditors in the space.Threshold Provisional Merger Timeline Our next steps are all about the DAO and Multi-sig Council. From mid-November to December, we will be doing everything from holding Council Elections to allocating rewards to apps. We will also be implementing NuCypher and Threshold DAO proposals such as halting NU inflation and minting the First Reward Batch. These are the result of our community-directed approach to this process. At the same time, the team will be taking care of important technical developments such as deploying and activating the smart contracts that will complete the merger. These include the Governance Contract, Vending Machine Contract, and the Staking Contract. Once these are live, we will be ready for the Staking Rewards and funding of Threshold-only Coverage Pools that will complete the process by the end of December. Get ...
The mStable Community Votes for tBTC v2
We’re excited to announce that the mStable community has voted 100% “yes” to support tBTC v2. Users on the decentralized, community driven ecosystem will get to participate in the construction of a truly trustless and scalable BTC bridge. The integration will include the creation of a new tBTC v2 Feeder Pool with incentives from the tBTC v1 Feeder Pool switching over to the new one. Likewise, the Threshold community will explore adding extra incentives to the pool. When the DAO launches, it will hold 10% of the total supply in its treasury which can be used at the discretion of the community. This process has been an excellent example of a DAO based community-to-community collaboration: First, Will Rhodes and Eastban from the Threshold community worked with dimsome, derc and 0xPenguin0x from mStable to create a temperature check post on the mStable forum. The post received enough positive support from the community to be moved to a ProtocolDAO ratification vote. Then, a second proposal was created. The ProtocolDAO voted in favor of the proposal at which point dimsome was invited to speak about mStable and the potential of this integration at the Threshold community call. Finally, the proposal was put up to a mStable community snapshot where it passed with overwhelming support. This completed an organic, community-driven integration process that showcased the possibilities opened by a collaboration between two DAOs . Bo...
Announcing Lower C-ratios tBTC
Good news! We’ll be lowering tBTC Collateral Ratios and turning on Risk Manager in Coverage Pools. The decision was made after important input from the community and an arrival at the following consensus: 150% — mint 105% — courtesy call 101% — liquidation In the design of tBTC v1, the notifier of the courtesy call receives half of the left over ETH bonds. For this reason we want the liquidation starting point to be as low as possible. As the auction runs for 24hrs and starts by auctioning off two thirds of the bond, there is a risk that the auction will never be profitable to take. The coverage pool then acts as a buyer of last resort for the auctions. For this reason the Coverage Pool is also being turned on in conjunction with the changes in C-ratio levels.History When tBTC v1 launched the initial collateralization ratios were: 150% — mint 125% — courtesy call 110% — liquidation These were adjusted to reduce the number of liquidations from the ETH / BTC volatility and to reduce the level of active monitoring and costs of redeeming keeps that was required by node operators. Community members Naxsun and Corollari did some modelling and proposed a voting methodology in the forums on how to approach this. The topic was then discussed in Discord and voted on in two votes by node operators: One vote to change the starting collateralization ratio and a second vote to change the courtesy ca...
tBTC v2: a Censorship-resistant BTC Bridge at 100x Scale
A closer look at tBTC v2, what it means for the bitcoin community, and the roadmap for release.. — In a Nutshell: tBTC v2tBTC v2 will be able to scale 100x from today’s v1, from 1,000 BTC to 100,000 BTC (1% of total supply).tBTC v2 enables scale by more effectively deploying capital for securing BTC.The tBTC v2 token is live, and can be minted by anyone holding tBTC v1. LP incentives are live now for v2 holders.The tBTC v2 Bridge is estimated to go live near the end of this year, which will unlock direct minting of v2, deploy Coverage Pools as insurance, and launch an API to deliver truly decentralized BTC to Ethereum financial applications. tBTC v2 has a singular purpose: to extend the censorship resistant properties of Bitcoin onto every network that can interoperate with Ethereum.Vision of tBTC The vision for tBTC is to facilitate an interoperable Web3 future by solving the most untapped liquidity and yield opportunity in DeFi: BTC. BTC holders can be wary of Ethereum’s DeFi ecosystem, preferring to keep their assets secure on Bitcoin’s censorship-resistant network. Bridges expose BTC holders to considerable risks, asking them to commit their funds to an intermediary that does not mirror the same censorship-resistance of Bitcoin. tBTC has been built with security and decentralization at the forefront, offering BTC holders the only truly trustless Ethereum bridge solution that eliminates intermediary risk. ...
Real Decentralization = Math
The First Rule of DeFi. — Don’t accept centralized solutions to decentralized problems. That’s the first rule of DeFi. We know DEXs are better than CEXs. That more nodes are better than less. And that liquidity is populist game. It’s counterintuitive and counterproductive to engage with cryptocurrency and decentralized networks through centralized platforms. It’s more than an abstract philosophy. The imperative for decentralization has foundational tangible impact. Hardware can be hacked. People make mistakes, go rogue, and their incentives trend towards misalignment. So when it comes to crypto bridges — bringing Bitcoin into DeFi, connecting the emerging world of digital assets — why are we putting up with platforms saddled with centralized baggage? A quick tour of the centralized crypto bridge landscape: Ren uses specialized, proprietary hardware to produce RenBTC. The Ren apparatus is managed by a centralized group of decision makers that can decide to make any number of unilateral decisions. For example, selling the company to venture capital firms like FTX or Alameda — which is exactly what has happened. A platform beholden to the profit models of venture capital will very easily find its incentives misaligned from its users. WBTC is an organization run by people who mint and unmint BTC. Everything passes through this organization of people. People are fallible, they can be corrupted or i...
Exploring the Relationship Between Thesis and Keep
Just as Keep Network has been evolving in recent months with its progression to v2, the community-driven KEANU merge with NuCypher, and the forthcoming launch of the T Network, Thesis is always pushing to create new products that fit our mission of decentralization, sovereignty, privacy, and freedom. Thesis is a venture studio — we ship a lot of products. That’s part of the mission. Before Keep, we shipped Fold, and then Saddle. Now we’re working on Tally, an open source, community-governed Web3 wallet. It will present a huge compliment to Threshold. Even as Thesis grows, Keep represents the largest and primary project in terms of focus, head count, and expenditure in the Thesis portfolio. With the KEANU merge with NuCypher and the ensuing launch of the Threshold Network, this fact will undoubtedly remain. Thesis has a rising tide, and Keep is one of our biggest boats. In regards to alignment, the entire Keep dev team have been compensated in KEEP, that’s locked up at minimum until May 2022 — and much longer for many of us. Thesis’ largest asset holding is KEEP, and the entire Thesis mission is aligned behind the success of the platform and its evolution. Interested in what we’re building at Keep? Drop in and join our community on Discord at chat.keep.network. Exploring the Relationship Between Thesis and Keep was originally published in Keep Network on Medium, where people are continuing the conversati...
Keep Proposal Overview: Shifting Incentives towards Coverage Pools and TBTC v2
A proposal titled “Shifting incentives towards TBTC v2 and Coverage Pools’ was recently introduced by Keep Network community member Ben Longstaff. The proposal addressed a need to adapt the current incentives in Keep Coverage Pools to provide greater adoption to TBTC 2 through the bridge transition between TBTC v1 and TBTC v2. This is to ensure that incentives are aligned with the launches and needs of the protocol as it transitions to TBTC v2. After community discussion and calls, a second version of the proposal with one amendment in regards to the allocation of liquidity to the pool of TBTC/ETH was then introduced by Evandro Saturnino and voted on successfully by the Keep community. Now, the community has voted to move incentives toward tBTC v2 and coverage pools. This means that rewards allocations are changing, and the update represents a major community-driven step towards Keep Network v2. The proposal’s main intentions:Launch a v2 TBTC token so we can begin working on integrations with major networksAllow for a graceful unwinding of the tBTC v1 bridge when the tBTC v2 bridge is launchedChange liquidity incentives so we can reward behavior that we need for the new network and bridgeTransition the v1 tBTC bridge to be secured by our KEEP-only Coverage Pool. Below is an excerpt of the first proposal “Shifting incentives towards tBTC v2 and Coverage Pools” about how the bridge will work and what the next ste...
Keep Network 2021 Roadmap
Threshold Network, Keep v2, and the New tBTC. — Keep Network is currently in a period of fundamental growth, development, and change. Our mission is to provide secure and equitable access to censorship-resistant assets across all major blockchains. With our upgraded protocol, v2 tBTC, we’ll become the most trusted network for bridging non-custodial Bitcoin into lending, borrowing, and saving services and platforms across the Ethereum DeFi ecosystem. Through all of this, Keep retains an unwavering focus to creating uncompromising decentralized solutions driven by our incredible community first and foremost. The roadmap for achieving this in 2021 hinges upon a number of concurrent development streams. First, the KEANU hard merge will bring together the Keep Network and NuCypher platforms and communities into what will be called Threshold Network. The process of bringing this unprecedented union to fruition has been a revelation, not only for our respective communities and teams, but for the whole blockchain industry. The KEANU process and the resulting Threshold Network are proving that cooperation and decentralization are possible in a competitive market, and the resulting merged product will strengthen the utility and resiliency of both platforms, while creating an anchor in the sector of private, cross-chain value bridges supported by threshold cryptography. After months of community collaboration and development, th...
Announcing Keep’s Refreshed Website
Updating our website to better serve our mission of transparency. The Keep platform and community have evolved. It’s time for a new home on the web to match the progression of the Keep protocol and our community. Because one of our core principles is transparency, we updated the website so it’s easier to learn about and get involved with Keep. We listened to your input and structured the new website to be a more helpful resource for both our current users and new ones.The one-stop resource for all things Keep We learned from our community reviewers that a user insight was: “I don’t know where to find documentation!” Yep, we fixed that. Now, you’ll find important resources and guides compiled on the website. If you want to learn more about staking, head to the Stake section. If you want to learn more about the community, head to the Join section.The new Home and Join pages on the Keep website Want to build with Keep styles? Now you can find links to the Keep community design system on the website. It’s a Figma file built by the community for design consistency across community-built tools. Another user stated, “I think it’s important to know ‘who is the team?’ and ‘who invested in this project?’” Also curious about the #BigBrains behind Keep? We now have a section dedicated entirely to the team.The new Team and FAQ pages on the Keep website Another user request was, “How many audits has the ...
KEEP is Now Available to Trade on Coinbase and Binance
As of June 17th, KEEP is available for trading on Coinbase and Binance.. — The Keep network is a decentralized threshold cryptography platform. KEEP stakers run the network, operating trust-minimized bridges like tBTC. Exposure to a wider market of potential stakers via Coinbase and Binance will only serve to further Keep’s mission of decentralized private computation across the crypto ecosystem. As of June 17th, KEEP is available for trading on Coinbase and Binance. Via Coinbase: “Starting today, Keep Network (KEEP) is available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store KEEP in most Coinbase-supported regions. Trading for KEEP is also supported on Coinbase Pro. Via Binance: “Binance will list Keep Network (KEEP) and open trading for KEEP/BTC, KEEP/BNB, KEEP/BUSD and KEEP/USDT” Join our Discord if you’d like to learn more or get involved in Keep Network governance discussions. KEEP is Now Available to Trade on Coinbase and Binance was originally published in Keep Network on Medium, where people are continuing the conversation by highlighting and responding to this story.
More Keep Network (#KEEP) News
|Despite the Bear Market, JPMorgan Will Keep Providing Crypto Services
The leading financial services company - JPMorgan Chase & Co. - revealed that its clients have drastically dropped their interest in using cryptocurrencies as a payment method in the past few months.
However, the organization assured that it will still support consumers who want to employ digital assets as a means of payment.
Not so Popular any More
The ongoing crypto winter seems to have affected people's interest in the asset class. In a recent interview for Bloomberg, Takis Georgakopoulos - Global Head of Payments at JPMorgan - said clients were much more inclined to use cryptocurrencies as a payment tool six months ago:
'We saw a lot of demand for our clients, let's say, up until six months ago. We see very little right now.'
It is worth noting that back then, Bitcoin's price was hovering around $40,000, while Ether and many other altcoins were also performing much better than now. By the middle of 2022, though, the global macroeconomic environment changed drastically, and that might have vaporized some of the interest in cryptocurrencies.
Such negative events were the military conflict in Ukraine, the 40-year record inflation rate in the USA, the energy crisis in the European Union, and many more.
In spite of the diminishing excitement, Georgakopoulos assured that JPMorgan will still provide clients with cryptocurrency services. The Wall Street giant believes such tokens could find a place in the future monetary system. In addition, they have become increasingly popular ...
|62% Of Addresses Keep Their Bitcoin Holdings For Over A Year In Bear
The year 2022 has proved to be unfavorable for the crypto market. The industry has been facing a long lasted bear trend, with the flagship coin, Bitcoin, nearly down 70% then its ATH of November 2021. Still, the market fear has not ruined the investors' interest in Bitcoin. Data shows that more than half of investors continue to keep their BTC holdings even in the crypto winter.
According to the stats viewed by the blockchain analytic firm TipRank, 62% of BTC addresses have not sold their collection of BTC for a year or more. A recent report by blockchain research from glassnode noted that BTC deposits at exchanges in terms of seven-day average moving have reduced to the 2-year low at 1,921 BTCs.
Notably, this crypto winter has surpassed the bloodbaths of 2017 and 2019 in declining cryptos prices. Although the previous downtrends occurred due to a bubble burst, the current bearish trend has been caused by macro factors.
TerraLuna collapse and 22% Nasdaq sell-off generally disrupted the market sentiment. Then, the U.S. Federal Reserve appeared to control inflation with its hawkish approach and has been increasing the rates since then. And as the Fed raises rates, the market experience further sell-offs, pulling back the prices further.
Bitcoin Price Analysis
In the current market climate, Bitcoin is struggling to hold its position at over $20,000. Fed's remarks still remain a major concern stopping the BTC prices from jumping. At the time of writing, BT...
|TA: Bitcoin Bears Keep Pushing, Why BTC Is At Make-or-Break Levels
Bitcoin is still consolidating near the $20,000 zone against the US Dollar. BTC must clear the $20,550 resistance zone to start a steady increase.
Bitcoin is still struggling to gain pace above the $20,550 resistance. The price is now trading near the $20,000 level and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $20,330 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $20,350 zone and $20,550 to start a fresh increase. Bitcoin Price Faces Hurdles
Bitcoin price remained well supported above the $19,550 zone. BTC formed a base and started a fresh upward move above the $20,000 resistance zone.
There was a push above the $20,200 level and the 100 hourly simple moving average. The price even cleared the 61.8% Fib retracement level of the downward move from the $20,576 swing high to $19,555 low. However, the price stayed below the $20,550 resistance zone.
Bitcoin price is now trading near the $20,000 level and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $20,350 level.
There is also a key bearish trend line forming with resistance near $20,330 on the hourly chart of the BTC/USD pair. The trend line is near the 76.4% Fib retracement level of the downward move from the $20,576 swing high to $19,555 low.
Source: BTCUSD on TradingView.com
The next major resistance sits near the $20,550 and $20,575 levels. A clear move above the $20,575 resistanc...
|Antpool Reveals Plans to Drop Ethereum Ethash Support, Plans to Keep Min...
Antpool, the bitcoin mining pool affiliated with Bitmain, has announced the crypto mining operation will not manage ethereum accounts after The Merge is implemented. The mining pool is asking participating Antpool miners to add their ethereum withdrawal addresses by September 3, in order to receive the accumulated ether collected by Antpool.Antpool to Stop Supporting Ethereum Following The Merge
On Saturday, August 27, the cryptocurrency mining pool Antpool told customers that it will no longer maintain ETH assets after The Merge. Customers have until September 3 to give an ETH address in order to collect the remaining ether mined by Antpool's ethereum mining operation. Statistics show there is just over 1,000 terahash per second (TH/s) of hashpower dedicated to the ETH blockchain and Antpool is the tenth largest ETH mining pool in terms of hashrate.
The largest ETH mining pool in terms of hashrate is Ethermine, a pool that commands 263 terahash of hashpower compared to Antpool's 17.9 terahash. Ethermine also announced it would stop supporting ETH assets and would not mine a new PoW version of ETH. Antpool declared that The Merge comes with some censorship risk, and the pool will distribute the remaining ETH Antpool mined next month.
'As ETH 2.0 (The Merge) comes along with the risk of censorship among different countries, Antpool, for the sake of clients' asset security, will not be able to maintain the user's ETH assets on the PoS chain,' the mining pool operation detailed ...
|Bitcoin Price Watch: BTC Facing Renewed Challenge To Keep Price Above $2...
Bitcoin price recently completed a two-month surge that resulted in a price increase to over $25,000; consequently, investors are now concentrating on the cryptocurrency's next target price.
Bitcoin price spikes to over $25,000 following a two-month surge
Bitcoin now looking bearish; struggling to keep its price above $20,000
BTC down by 0.12%; currently trading at $21,498.36
Bitcoin (BTC), the leading cryptocurrency, is now displaying negative sentiment after first exhibiting bullish indicators. The flagship coin is now fighting once more to keep its price above $20,000.
By the end of September 2022, the cryptocurrency community on CoinMarketCap forecasts that Bitcoin price will climb by 36.75% from its current value, trading at an average price of $29,346.
Roughly 20,683 community members cast their votes to determine the pricing target.
BTC Unable To Surpass $25,000 Due To Macroeconomic Conditions
The price of bitcoin fluctuates by about $21,000. Even though Bitcoin's recent rally tried to lift the asset out of a prolonged bear market, the community's forecast is still optimistic.
The crypto market reacted poorly to the Federal Reserve's decision to raise interest rates amid the rising inflation, but BTC's failure to surpass $25,000 has emerged as macroeconomic concerns continue to take center stage.
At the time of publication, Bitcoin was significantly down 10% over the previous week. Bitcoin price stabilizes above $21,000 as a major shift is soon to come.
|Solana Glints With 14% 3-Day Rally – Will SOL Keep On Beaming?
Over the past 24-four hours, Solana (SOL) maintained a strong position above the $35.00 support level and displayed a reversal pattern indicating a rebound.
As of this writing, SOL is trading at $36.86, up 13% in the last seven days, data from Coingecko show. SOL currently has a trading volume of $1,177,991,581, down 24% in the last 24 hours.
The support zone for SOL is between $20 and $30. SOL was in a sideways market for 24 days after it plummeted to the support zone, and ultimately the cryptocurrency began to make a modest reversal.
Solana 3-Day Ascent: Bulls Take Charge
The price of Solana has began a commendable reversal after a disastrous decline in recent weeks. Since the upper low at $31 was written on the final day of June, the bulls have constructed a 14 percent three-day rally starting July 5.
A golden cross of the 8- and 21-day simple moving averages (SMAs) provided the Bulls with a valid entry signal on July 6. At $35, there was a brief liquidity hunt to shake out weak positions.
Suggested Reading | Bitcoin Drills Into $22,000 Level – But Not All BTC Investors Are Jubilating
Traders are currently observing 'FOMO' traders who set their original trade's invalidation level below the SMAs enter the market.
On the daily price chart, the price of Solana is attempting to hold near the ascending trendline. Immediately after departing the ascending curve, SOL has been consolidating within the horizontal range-bound area.
However, the cryptocurrency can return to the...
|Solana Broke Its Nearest Support, Vital Trading Levels To Keep An Eye On
Solana has fallen on its chart over the last 24 hours by 2%. Over the last 24 hours, there has been strong bearish influence on SOL's price. Currently the coin has found support on the $34 level.
The market also has been taken over by the bears, Bitcoin has been hovering around the $20,000 mark for the last 24 hours. Other market movers have also retraced in their respective charts.
Technical outlook of the coin continues to point towards negative price action suggesting that price of Solana can fall further. Selling pressure in the market has started to mount indicating that price of SOL could again take a dip.
The global cryptocurrency market cap today is $977 Billion with a fall of 0.2% over the last 24 hours. Since, Solana has now fallen beneath the $40 mark, SOL could now be prone to further fall.
Solana Price Analysis: One Day Chart
Solana was priced at $36 on the one day chart | Source: SOLUSD on TradingView
SOL was trading at $36 on the 24 hour chart. Further retrace from the current price level will push the coin to $34. Overhead resistance for the coin stood at $38, if buying strength returns then SOL could attempt to revisit the $38 price level.
If SOL manages to remain above the $38 mark for a substantial amount of time then $44 could be possible on the chart. If Solana fails to hold itself near its $34 support line, it could drag itself down to $26 in just a matter of sometime. The amount of the altcoin traded was in the red indicating bearishness and increased ...
|Ruble Hits 7-Year High, Bukele, O'Leary Unfazed by Crypto Downturn...
As sanctioned Russia's fiat currency soars in value against the U.S. dollar, and crypto markets remain unpredictable, economists and crypto enthusiasts continue to puzzle and debate over what the next market move will be. In spite of this, several influential voices remain unperturbed when it comes to the future of decentralized digital assets, with Salvadoran president Nayib Bukele, Tesla and Spacex CEO Elon Musk, and Shark Tank's Kevin O'Leary all recently reaffirming their faith in the cryptocurrency ecosystem in one way or another. This is the Bitcoin.com News Week in Review.
Russian Ruble Taps 7-Year High Against the US Dollar - Economist Says 'Don't Ignore the Exchange Rate'
Recent news reports have detailed that Russia's fiat currency, the ruble, was the best performing currency worldwide and the articles explained that American economists were perplexed by the trend. On Monday, the Russian ruble rose to 55.47 per dollar, which was the highest increase since 2015. While many have dismissed the ruble's exchange rate, Charles Lichfield, the Atlantic Council's Geoeconomics Center deputy director, published an editorial called: 'Don't ignore the exchange rate: How a strong ruble can shield Russia.'
Salvadoran President to Bitcoin Investors: Your BTC Investment Is Safe, Will Immensely Grow After Bear Market
The president of El Salvador has some advice for bitcoin investors. He believes investments in the largest cryptocurrency are safe and will 'immensely grow' ...
|Tesla CEO Elon Musk Confirms He'll Keep Buying and Supporting Doge...
Tesla and Spacex CEO Elon Musk has reaffirmed his commitment to dogecoin (DOGE). He confirms that he will keep buying and supporting the meme cryptocurrency. The price of dogecoin climbed following his statements amid a crypto market downturn.Elon Musk Reaffirms Commitment to Dogecoin
Tesla CEO Elon Musk reaffirmed his support for the meme cryptocurrency dogecoin a few times this weekend. On Sunday, Musk tweeted that he will keep supporting DOGE. He also indicated that he will keep buying the meme coin.
On Saturday, the Tesla boss also mentioned DOGE on Twitter in response to a tweet by Dogecoin co-creator Billy Markus stating his 'desire' for people to use DOGE 'for something beyond pump and dump … so it has a reason to exist.'
Musk tweeted that dogecoin can be used to purchase merchandise at his companies, Tesla and Spacex, hinting that more could be offered 'down the road.'
Tesla began accepting dogecoin for some merchandise in January. Last month, Musk said Spacex will soon accept DOGE for merchandise and Starlink subscriptions could soon follow suit.
At the time of writing, DOGE is trading at $0.062662, up 25% in the past 24 hours but down 30% over the last 30 days.
Musk has long been a supporter of dogecoin. He is known in the crypto community as the Dogefather. He believes that DOGE is the people's crypto and has potential as a currency. In contrast, he said bitcoin is more suitable as a store of value.
The Tesla chief also previously revealed that he persona...
|Elon Musk: I Will Keep Supporting Dogecoin Despite The $258 Billion Laws...
Elon Musk, the world's richest man and self-proclaimed Doge Father, has declared his unwavering support for the leading meme cryptocurrency, Dogecoin.
Elon Musk to Keep Supporting Dogecoin
The Tesla CEO posted on Twitter earlier today: 'I will keep supporting Dogecoin.' He also revealed in response to a user that he is still buying the memecoin.
As usual, DOGE reacted to the billionaire's tweet, and the price surged by 11% from $0.052 to $0.058 despite the bearish market.
Musk's declaration of his continued support for Dogecoin comes a few days after an American investor filed a $258 billion lawsuit against him and two of his companies, Tesla and SpaceX, for allegedly promoting DOGE and manipulating the price of the cryptocurrency.
I will keep supporting Dogecoin
— Elon Musk (@elonmusk) June 19, 2022
As reported, the plaintiff, Keith Johnson, described Dogecoin as a 'crypto pyramid scheme' and alleged that Musk and his companies deliberately promoted it as a legitimate investment.
The plaintiff argued that the billionaire's endorsement of Dogecoin led many people to invest in the cryptocurrency, which is currently down by more than 90% from its 2021 all-time high of $0.73.
Johnson is seeking $86 billion in damages from the billionaire and $172 billion for losses incurred from DOGE trades since 2019. He also wants Musk to stop promoting or endorsing the cryptocurrency.
Elon Musk: Dogecoin Rulz
Although Elon Musk wasn't fully active in the crypto space until 2021, his f...
|TA: Bitcoin Bears Keep Pushing, Why BTC Could Still Nosedive
Bitcoin is moving lower towards the key $29,500 support against the US Dollar. BTC must stay above $29,500 to avoid a major downside break.
Bitcoin is struggling to stay above the $29,500 support zone. The price is now trading below the $30,500 level and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $31,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a major decline if there is a break below the $29,500 support. Bitcoin Price Is Showing Bearish Signs
Bitcoin price failed to gain strength above the $31,200 and $31,500 resistance levels. However, there was no clear move, and the price started a fresh decline below $31,000.
There was a move below the $30,850 and $30,500 support levels. The price even spiked below the $30,000 level and settled below the 100 hourly simple moving average. It traded close to the $29,500 support zone and formed a low at $29,561.
Bitcoin is now consolidating losses and trading above the $29,800 level. An immediate resistance on the upside is near the $30,030 level. It is near the 23.6% Fib retracement level of the recent decline from the $31,550 swing high to $29,561 low.
The first major resistance is near the $30,500 level and the 100 hourly SMA. It is near the 50% Fib retracement level of the recent decline from the $31,550 swing high to $29,561 low.
Source: BTCUSD on TradingView.com
The main resistance is near the $31,000 level. There is also a key ...
|Bitcoin, Ethereum Technical Analysis: Crypto Bears Keep BTC Below $30,00...
Bitcoin was lower for a second consecutive session, as bears maintained recent pressure on crypto markets. This pressure also saw ETH move lower, as it continued to trade under $2,000 during hump-day.
The world's largest cryptocurrency once again traded below $30,000, as bears continue to maintain a chokehold on prices.
As of writing, BTC/USD is trading at $29,502.71, which is roughly 1% higher than yesterday's low of $28,786.59.
Wednesday's movement in bitcoin is ultimately a continuation of yesterday's move, with prices now consolidating at its current range.
This range sees prices hovering at a floor of $28,800, with a resistance level of $30,500, which has not been truly broken since early May.
In addition to the price ceiling, relative strength is also tracking at a resistance point of its own, which is under 40.
Until we see a move past this point, then we will likely see a continuation of current price consolidation.
ETH moved to a lower low during today's session, as its own price continues to trade under a key point of $2,000.
The world's second largest cryptocurrency dropped below its support level on Tuesday, hitting an intraday low of $1,920.69 in the process.
This saw ETH/USD about $30 below its support level at $1,950, which has mostly held firm during this latest round of bearish activity.
Overall, ethereum is now in its second week trading at its current floor. However, following its huge declines in April, into May, consolidation was to ...
|TA: Bitcoin Bears Keep Pushing, Why Upsides Remain Limited
Bitcoin is struggling to clear the $38,800 resistance against the US Dollar. BTC could decline heavily if it stays below the $39,000 pivot level.
Bitcoin is struggling to recover above $38,800 and $39,000 resistance levels. The price is now trading below $38,600 and the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $38,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $38,880 and $39,000 resistance levels to start a decent increase. Bitcoin Price Eyes Next Break
Bitcoin price found support near the $37,400 level and started a recovery wave. BTC was able to reclaim the $38,000 level and slowly moved higher.
There was a clear move above the 23.6% Fib retracement level of the key drop from the $40,350 swing high to $37,400 low. The price attempted a clear move above the $38,800 resistance level and the 100 hourly simple moving average.
However, bitcoin price struggled to gain strength above the $39,000 level. It also failed to settle above the 50% Fib retracement level of the key drop from the $40,350 swing high to $37,400 low.
Besides, there is a major contracting triangle forming with resistance near $38,880 on the hourly chart of the BTC/USD pair. It is now facing resistance near the $38,600 level and the hourly simple moving average.
Source: BTCUSD on TradingView.com
The next key resistance could be near the $38,880 zone. A close above the $38,880 and $39,000 levels could open...
|Can Dogecoin Slide Further? Key Technical Levels To Keep An Eye On
Dogecoin remains bearish at the time of writing as it just broke below its immediate price support line. Broader market weakness can be attributed to the price fall. Major market movers have displayed choppy price action.
Over the last 24 hours, Dogecoin lost 2% and in the last week, it declined by 8%. The global cryptocurrency market cap was at $1.93 Trillion as there has been a decline of 0.2% in the last 24 hours.
The meme coin has been facing tough resistance at its immediate price ceiling. Buyers have also decided to lay low as a reason the coin continues to fall prey to selling pressure.
Constant fall in buying pressure has pushed the coin to break its immediate support level and eye its next price floor.
Dogecoin Price Analysis: Four Hour Chart
Dogecoin just broke below the price support level of $0.134 on the four-hour chart. Image Source: DOGE/USD on TradingView
Dogecoin was trading for $0.1324 as it breached its support level of $0.1345 at the time of writing. The coin has been bearish and it has been trading in a descending channel that is considered to be negative.
A continued fall in prices could push DOGE to $0.1279 marking a 4% fall. If the coin is unable to stay on the above-mentioned support line, it could trade near the $0.1190 level.
Trading Volume was seen in the red and the bar was smaller than the previous trading sessions, suggesting a sell-off on the charts.
Immediate resistance for the coin was seen at $0.1537 and the coin continued to face rejection...
|TA: Bitcoin Bears Keep Pushing, Why There's Risk of More Losses
Bitcoin failed again to clear the $41,500 resistance zone against the US Dollar. BTC could extend losses if there is a clear move below the $39,200 support zone.
Bitcoin made another attempt to gain pace above the $41,500 level but failed. The price is now trading below $41,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $40,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend decline if there is a daily close below the $40,000 support zone. Bitcoin Price Trims Gains
Bitcoin price corrected above the $41,000 resistance zone. BTC even cleared the $41,400 level and attempted a clear move above the $41,500 resistance zone.
However, the bears were active near the $41,500 level. A high was formed near $41,548 and the price started a fresh decline. There was a clear move below the $41,000 support zone. The price declined below the 50% Fib retracement level of the recent increase from the $39,269 swing low to $41,548 high.
Besides, there was a break below a key bullish trend line with support near $40,400 on the hourly chart of the BTC/USD pair. The pair is now trading below $41,000 and the 100 hourly simple moving average.
It also spiked below the 76.4% Fib retracement level of the recent increase from the $39,269 swing low to $41,548 high. An immediate resistance on the upside is near the $40,200 level. The next key resistance could be $40,400 and the 100 hourly SMA.
|12 Companies Keep Close to $700 Million in Ethereum in Treasuries
During the last year, there's been a lot of discussion concerning bitcoin treasuries or public firms putting bitcoin on their balance sheets. However, the leading crypto asset by market valuation is not the only digital currency being held by treasuries. Ethereum has become a prominent treasury asset as a number of companies are known to hold the second leading crypto in their reserves.Ethereum Treasuries Have Grown
According to the bitcoin treasuries list, exchange-traded funds, countries, public companies, and private firms own 1,559,047 bitcoin (BTC) worth roughly $66 billion. While bitcoin is being stashed away by these entities, ethereum (ETH) is also held by funds and companies that believe in the crypto asset's future. For instance, it was reported on Thursday that the fund manager Three Arrows Capital purchased 31,345 ether. The same day, Three Arrows Capital's co-founder Su Zhu told Bloomberg he remains bullish about crypto investments.
The web portal cryptotreasuries.org shows data tied to 12 different funds and companies that hold ethereum. The data currently says the entities hold 212,875 ether worth close to $700 million. The biggest holder on that particular list is Galaxy Digital Holdings, as cryptotreasuries.org states that the firm holds 98,892 ether at the time of writing. This would mean Galaxy Digital Holdings commands 46.45% of the 212,875 ether across the 12 entities.
The second-largest holder on the list is Ether Capital Corporation with 43,512 ether. ...
|TA: Ethereum Bulls Keep Pushing, Why Rally Isn't Over Yet
Ethereum is moving higher above $3,050 against the US Dollar. ETH price is trading in the green zone and might surge above $3,150.
Ethereum is slowly rising and showing positive signs above the $3,000 support zone. The price is now trading above $3,050 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $3,050 on the hourly chart of ETH/USD (data feed via Kraken). The pair is consolidating near $3,150 and might extend rally in the near term. Ethereum Price Eyes More Upsides
Ethereum remained well bid above the $2,950 support zone. ETH started another increase and cleared the $3,050 resistance.
There was also a clear move above the $3,120 level and the price settled above the 100 hourly simple moving average. It traded to a new multi-week high at $3,147 and is currently showing positive signs. It is trading above the 23.6% Fib retracement level of the upward move from the $3,006 swing low to $3,147 high.
There is also a major bullish trend line forming with support near $3,050 on the hourly chart of ETH/USD. On the upside, an initial resistance is near the $3,150 level.
Source: ETHUSD on TradingView.com
The next major resistance is near the $3,200 level. Ether price could start another surge if there is a clear move above the $3,200 resistance. In the stated case, the price may perhaps rise towards the $3,250 level. Any more gains might call for a move towards the $3,350 resistance zone in the coming sessions.
Dips Limited ...
|Japanese Crypto Exchanges to Expedite Coin Listings to Keep Up
The move to simplify the listing process is part of a broader push to increase the number of digital assets that can be traded in the country.
The Japan Virtual and Crypto Assets Exchange Association (JVCEA) plans to release a “green list” of 18 popular crypto assets before the end of this month, according to reports. The group consists of 31 exchanges in the country.
The green list, which includes the high-volume tokens such as Bitcoin, Ethereum, XRP, and Litecoin, aims to allow them to avoid the arduous screening process that digital assets must go through in order to be listed for trading in Japan.
Overseas Exchanges Preferred
The listing process is much easier in other countries. Coinbase, for example, had 139 cryptocurrencies listed for trading at the end of 2021. By comparison, exchanges in Japan have only 40 tokens listed between them in total.
The report added that the $9.8 billion worth of cryptocurrency held by Japanese exchange customers in January was also a fraction of the $278 billion held by Coinbase clients.
Japan is losing out as many traders head for exchanges beyond its shores with hundreds of listings such as Binance. Genki Oda, the vice-chair of JVCEA, commented:
“Only a handful of crypto exchanges are profitable because it took such a long time to get cryptocurrencies approved. Users also flocked to overseas exchanges. The goal is to eliminate the time it takes to list a token and bring the industry closer to global standards.”
|Digital Gold Narrative Survives If MicroStrategy Keep HODLing Bitcoin, S...
Amid international crises and a shaky crypto market, debates rage on about what role Bitcoin actually serves as an investment. Is it digital gold, or just another risk asset?
In a recent tweet, Ki Young Ju – CEO of crypto market analytics firm CryptoQuant – weighed in on the matter. He believes that as long as institutions like MicroStrategy continue buying Bitcoin, the asset’s “digital gold” narrative continues to apply.
Knowing Bitcoin’s Fundamentals
Ju offered his thoughts in response to a thread by FTX CEO Sam Bankman Fried (SBF) earlier today. The billionaire exchange owner gave a personal analysis about how Russia’s recent invasion of Ukraine is affecting crypto prices, and why.
After the invasion made headlines yesterday, Bitcoin’s price tumbled below $35k, before recovering to approximately $36k at the time of writing.
Going by Bitcoin’s “fundamentals”, SBF predicted that Bitcoin should not have moved drastically in either direction. Theoretically, while war may incite people to withdraw their money from the asset and into cash, it might also spur people to move away from weak European currencies, and into harder ones.
Due to Bitcoin’s limited supply of 21 million coins, some view the cryptocurrency as the hardest currency on Earth, capable of replacing the dollar. Its production difficulty mimics that of gold, earning it the moniker “digital gold”.
Given this context, SBF explai...
|Luna Price Analysis: LUNA Surges 15% in a Day but Can Bulls Keep Going?
Key Support level: $48 Key Resistance level: $64, $79
The positive market sentiment is well reflected by Luna's price, which rallied after touching the key support at $48. The cryptocurrency has skyrocketed towards $60 and does not look ready to stop until the key resistance at $64. If Luna is able to move above that level, then the next resistance is found at $79.
Chart by TradingView
Technical IndicatorsTrading Volume: The buying volume in the past two days was good, and this supports the price increase. This is bullish.
RSI: The RSI is above 50 points and moves higher. It also managed to make a higher high which is another bullish indicator.
MACD: The daily MACD has turned around after some hesitation, as shown by the histogram. Momentum on the buy-side appears to intensify. Let's see how price reacts at the key resistance.
Chart by TradingView
The bias on Luna is bullish in the short term.
Short-Term Prediction for Luna Price
While this price action brings optimism, there are two key resistance levels that, if not broken, may lead to a lower high on the macro picture. Therefore, Luna needs to move above $64 and $79 to remain bullish. Otherwise, the price may resume its downtrend after making a lower high.
|Keep Your Coins Act: US Lawmaker Introduces Bill to Protect Privacy in C...
A U.S. congressman has introduced the 'Keep Your Coins Act' in order to 'preserve Americans' right to privacy in transacting with crypto assets.' The lawmaker says, 'this legislation would prohibit any federal agency from promulgating a rule that would impair a person's ability to act as self-custodian.'
US Lawmaker Seeks to Protect Privacy in Crypto Transactions With 'Keep Your Coins Act'
The office of Congressman Warren Davidson (OH-R) announced Thursday that the lawmaker has introduced the Keep Your Coins Act 'to protect transaction privacy.'
The announcement explains that the proposed legislation is 'designed to preserve Americans' right to privacy in transacting with crypto assets,' adding:
Specifically, this legislation would prohibit any federal agency from promulgating a rule that would impair a person's ability to act as self-custodian.
'A person would then be able to conduct peer-to-peer transactions with their crypto assets without the need to utilize a third-party intermediary,' the announcement continues. 'This would essentially cut out any need for a financial institution or money service business to facilitate a transaction.'
The lawmaker from Ohio detailed: 'As the federal government seeks more regulation of the crypto ecosystem, it seeks to impose more surveillance over American citizens. It's vital that we preserve the attributes of cash transactions by protecting the permissionless nature of cash.' Rep. Davidson stressed:
No third party should be required ...
|Evervault launches new service to keep crypto wallet seed phrases secure
Evervault, a provider of the tools developers need to build encrypted apps, has released a new service that stores seed phrases for crypto wallets using its enterprise-grade encryption. The service aids in preventing the problems of hackers attempting to steal crypto and users misplacing crucial information.
12:18:24 (pronounced “twelve, eighteen, twenty-four”), named after the most common lengths of seed phrases, utilizes Evervault’s industry-standard encryption technology to securely store the vital seed phrases used to access cryptocurrency wallets.
Access to 12:18:24 costs $1 per wallet per month or $10 per wallet per year and is secured using industry-standard security features including strong passwords and biometric information. Those interested can now sign up to the 12:18:24 waitlist and will be given access to the service in the weeks ahead.
As a leading encryption business, Evervault's automatic encryption technology is used by financial technology and health information businesses to protect sensitive data and reduce the risk of breaches.
Seed Phrase + Evervault
A seed phrase consists of a sequence of 12 to 24 words generated when creating a cryptocurrency wallet that gives customers access to the wallet. If these phrases are lost or stolen then people are locked out of their accounts, losing their cryptocurrencies.
With 12:18:24, customers enter their seed phrases into Evervault’s secure hosted service for safekeeping. Evervault automatica...
|Konami to Keep Selling NFTs to 'Preserve Content'
Konami, one of the leading Japan-based game developers, elaborated on its future policy regarding NFTs. In its latest financial results meeting, Konami touched briefly on the subject of NFTs, and explained it would go on with its activities involving this technology as a preservation tool for some of its beloved franchises.
Konami to Use NFTs as 'Preservation Tool'
Konami, the Japanese developer responsible for franchises such as Castlevania, has shed some light on its stance when it comes to the use of NTFs. In its latest financial results meeting, the company indicated it will continue leveraging NFTs as a form of preservation, stating that:
We will also be selling Non-Fungible Tokens (NFTs) in an effort to preserve content that has been loved by our customers as commemorative art.
This statement resonates with what Konami has done with NFTs in the past. The company organized a commemorative NFT auction for the 35th Anniversary of the Castlevania franchise last year, raising more than $160K in sales. The NFTs included digital art and videos depicting the gameplay of some of the games in the series. With this statement, Konami hints at the release of similar collections for other franchises under its domain, including Contra, Metal Gear Solid, and Silent Hill, among others.
Preservation, NFTs, and Reaction
In the field of videogames, the word preservation has to do with the digital storage of assets and code from games with the idea of these withstanding the passage of time...