Home Blog Page 3

Cardence integrates Oracle Chainlink services to strengthen its platform

0
Cardence integrates Oracle Chainlink services to strengthen its platform

[PRESS RELEASE – Please Read Disclaimer]

The team behind Cardence is pleased to announce that it is integrating Chainlink Price Feeds and Chainlink Verifiable Random Function (VRF) in an effort to bring advanced functionality to its decentralized multichain pre-sale platform and launchpad.

The reliable and highly secure market data provided by Chainlink’s price feeds will allow Cardence to participate in presales using different cryptocurrencies. At the same time, the verifiable source of on-chain randomness brought by Chainlink’s VRF will help ensure fair and transparent distribution of rewards and the IDO whitelist.

The integration of Chainlink is, in general, a very important step for the future of the ecosystem. Chainlink price feeds are known to be the most widely accepted Oracle Price solution when it comes to the smart contract industry. All reliable projects in DeFi take advantage of this. For initial integration, Cardence uses price feeds for ETH / USD, BNB / BUSD, and MATIC / USD. The team says the next step would be to integrate multiple price feeds to facilitate cross-chain purchases such as user purchases in a BSC presale using ETH, for example.

There are multiple benefits to integrating Chainlink price feeds. Accurate trading information is one of the most important things to consider. The feeds draw data from various premium aggregators, leading to a price that is collected from hundreds of exchanges, both centralized and decentralized. Furthermore, data security should also be considered due to the fact that Chainlink’s price feeds have decentralized data procurement and data delivery processes – this generates serious protection against anomalies and tampering.

However, it is also important to consider that Chainlink’s VRF integration also brings significant benefits. This is a tamper-proof and verifiable source of randomness. This will be used to distribute project rewards, as well as airdrops, also hosting safe and honest competitors and engaging in fair and impartial whitelisting.

The team plans to create an ecosystem where projects can carry out their community building efforts and their presales. Through the Chainlink VRF, Cardence creates reward portals for users for distribution and airdrops, for pre-sale whitelisting activities and so on.

Talk about the matter was Obaid UI Ahad, CEO of Cardence, who said:

“We are delighted to bring advanced functionality to our ecosystem by integrating two highly secure and reliable Oracle services from the Chainlink network. […] Chainlink’s price feeds will help ensure that our users have consistent access to fair market exchange rates for crypto-to-crypto transactions, while Chainlink VRF establishes a fair selection mechanism for user selection within high demand processes.

About Cardence

Cardence carries on a decentralized multichain presales platform focused on Cardano. Its goal is to provide a trustless fundraising ecosystem. The platform is about to be launched on Ethereum, Matic, Cardano, Ethereum and Cardano. It is also advertised to be the first pre-sale platform that facilitates project affiliate marketing, the issuance of tokens for a vesting program, the whitelisting of various participants, and the automatic blocking of liquidity.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register and get a 10% discount on commissions and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register and enter the POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

Bitcoin Price Analysis: What Caused the 19% Collapse and Gone the Pain?

0

								Bitcoin Price Analysis: What Caused the 19% Collapse and Gone the Pain?

$ 4 billion in liquidations wiped out the derivatives market, dropping BTC 19% to yesterday’s intraday lows. Crypto Twitter panicked as exchanges were unresponsive, investors struggled to fulfill orders, and fears of a bear market began to spread.

Days like yesterday make it easy to panic without thinking about what was really going on. Although the charts looked horrible, the on-chain data was flashing entirely different signals, showing that long-term holders and large cohorts weren’t selling this pullback.

img1
TradingVew chart

Over the past few weeks, futures open interest has soared from $ 9 billion to a peak of $ 12.8 billion. A few hours after BTC collapsed, open interest fell from $ 12.8 billion to $ 9 billion and has remained stable ever since.

The speed of the massive price drop made it look like whales and long-term holders were unloading, but it was mostly forced liquidations that happened all at once, causing prices to drop until the next offer. In short, there was not enough demand at the time to absorb the billions in liquidation. This is the price the market pays for adding leverage and derivatives. When open interest rises rapidly or a trade builds up, leverage tends to be eliminated.

Did the strong holders sell?

The short answer is no. More importantly, long-term holders with coins older than 12 months remained stable throughout the entire liquidation event. This can be seen with CryptoQuant’s UTXO Age Distribution metric, which tracks the behavior of a variety of cohorts based on age.

img2
CryptoQuant chart

Various groups of holders with coins older than 12 months were taking a slight profit as BTC jumped from $ 42k to $ 50k in the past few weeks, but the selling stopped and these cohorts started piling up again. The 19% intraday pullback had no impact on these older coins. Note, 18-month to 2-year coins are aging, causing a decline coinciding with an increase in 2 to 3-year coins.

Who sold?

The younger or shorter-term coin holders were the ones who sold this withdrawal along with the long liquidations. The 3 to 6 month cohort specifically sold, as shown in the graph below. This group accumulated BTC earlier this year between $ 50k and $ 64.8k, panic sold lows at $ 30k and has now aged in the 3 to 6 month cohort and once again panic has sold the recent decline to $ 42.8k.

img3
CryptoQuant chart

The miners sold 2,855 BTC, still holding 1,847,000 BTC

The miners have been in net accumulation throughout the year despite the 55% levy in May. This is a very bullish sign despite a recent 2855 BTC outflow from miners’ portfolios to exchanges. It may seem bearish to see them sell 2855 BTC yesterday, but when comparing late 2020 flows of nearly 40,000 BTC with trades to sell, with multiple outflows of 10,000 to 30,000, recent flows can barely compare in size.

It is important to focus on the overall trend, not on the occasional spike in flows or movements. The trend of miners remains firmly bullish as they are accumulating more BTC than they are selling, causing reserves to rise this year with minimal outflows to trade to sell in recent months. This strongly signals that BTC miners are expecting higher prices by the end of the year.

As of now, the aSOPR metric or the profit ratio of adjusted output spent has dropped slightly below 1, which means that the market as a whole is trading at a slight loss. In an uptrend, this can be seen as an interesting opportunity to add.

The LTH SOPR, which measures the long-term holder’s profitability status, remains above 1 and was equal to the 55% drawdown in May 2021. This is a strong sign of strength in holders as they have not been affected by the massive liquidation events. With the current pullback, STH SOPR is back below 1, signaling that short-term holders are trading at a loss.

img4
CryptoQuant chart

CryptoQuant on-chain analyst Gaah Cordeiro recently pointed out that now is a great time to accumulate BTC when LTH SOPR is above 1, STH SOPR is below 1 in an uptrend. It simply means that short-term holders sell at a loss while long-term holders collect low-cost BTC during pullbacks.

Another important point to consider is that bear markets occur when the LTH SOPR is consistently below 1, which means long-term holders are at a loss. Even the 55% pullback in May 2021 never pushed the LTH SOPR below 1, strongly indicating that this was not a bear market but a mid-cycle pullback.

The technical data is shaken, but the higher timeframe charts are still bullish

The massive liquidations managed to send BTC up to the 50-day moving average of $ 44.2k yesterday and again today at $ 44.4k. The price drops to these levels and moves back, a sign that buyers are entering the market.

img5
TradingView chart

So far, BTC is holding 2-week consolidation lows at $ 46.3k on a daily basis, which is a positive sign overall. It is important that BTC hedges the 200 days at $ 46k for the rest of the week and starts pushing up to recover $ 47.2k, a key on-chain level with a high UTXO price distribution realized.

The green zone between $ 50.5k and $ 47.2k has so far been cleared on a midweek basis. It is important to see long liquidations cool down and see BTC push higher in the green zone. Once that happens, we can expect the selling pressure to weaken and prices to rise.

The dip is bought

As of yesterday, spot foreign exchange reserves declined as net outflows hit -3366 BTC. This includes total spot inflows of 16,178 BTC and total spot outflows of 19,544 BTC. With falling prices and BTC’s withdrawal from trading, this strongly indicates that BTC was being accumulated. Data on the chain showed that strong hands were not selling this decline, with the selling pressure of long liquidations and panic selling from weaker hands.

What can we expect next?

Subsequent liquidations can cause prices to fluctuate for a few days. Ideally, given that strong hands and entities holding an illiquid offer were not selling, we can expect the price to start recovering once the long liquidations are complete. If longs continue to rise to current prices by around 46k, this could actually trigger more liquidations. It would be nice to see the shorts build up at current prices and start pumping to initiate an upward liquidation.

Regardless of this pullback, the market remains deeply in supply shock, with most entities continuing to hold. This means that as long as the buildup continues, there will be less BTC available on exchanges, which helps drive prices up when another wave of demand comes. Although the price action looks bearish in the short term, the fundamentals, higher time frame technicians, chain and momentum remain in an uptrend, suggesting that this is just a liquidation event with a bullish continuation to come.

It is important to see the price recover and the metrics on the chain continue to show strength in the build-up with no signs of liquidity leaving the whales. If these bullish trends continue, we can expect the bulls to push prices higher in the green zone and eventually retest $ 50k.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register and get a 10% discount on commissions and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register and enter the POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

Disclaimer: The information found on CryptoPotato is that of the writers mentioned. It does not represent CryptoPotato’s views on buying, selling or holding investments. It is recommended that you conduct your own research before making any investment decisions. Use the information provided at your own risk. See Disclaimer for more information.

TradingView Cryptocurrency Charts.

Announcement of the DIVER token sale!

0
Announcement of the DIVER token sale!

Divergence, a decentralized protocol for options and volatility derivatives, announces the upcoming public sale of its native token DIVER on SushiSwap’s MISO launchpad.

In the past three months, Divergence has seen massive growth in its community. We have grown from a little-known project to one with tens of thousands of social media followers. We would like to express our thanks to all divers – partners, investors, family, friends and everyone who has been with us since the beginning of our trip. Without your support, everything we do would not have been possible!

Since its inception, Divergence has been built for the people an open, permissionless derivatives exchange that belongs to its users. We have fully utilized our development work and now the market launch of our V1 product is in sight.

At this point in our journey, we believe it is time to answer the long awaited question, “Who Token ™ ️?” And we are excited to announce that the time is approaching!

The DIVER token economy

The DIVER token is the governance token of the Divergence Protocol. It is designed to empower our community members to vote and decide the future direction of our protocol. What is important is that DIVER will be a productive asset, benefiting from the growth of our protocol as well as the markets created by our protocol.

guide

DIVER owners can propose and vote on governance proposals for the Divergence platform as soon as the on-chain governance portal for Divergence is published. DIVER owners can vote and decide on protocol parameters such as trading fees, new product launches, features and more. We believe this is the key to the future development of the Divergence platform.

Incentives

DIVER tokens are rewarded to community members who contribute to the Divergence ecosystem. Providing liquidity to the options markets on Divergence is an important way to gain more ownership of DIVER tokens. There will also be many more ways to earn DIVERs through community programs that will be rolled out shortly.

Mark out

Our staking contract is to be released to provide more returns to long-term DIVER token holders. Different types of token rewards are regularly shared among DIVER’s stakers.

Token Sale Details

Our token sale will distribute 2% of the total supply of DIVER tokens via a Dutch auction on SushiSwap’s MISO launchpad.

When: Monday, September 20, 2021 at 9:00 a.m. EST / 1:00 p.m. UTC

duration: 24 hours

Deliver: 20M DIVERS (2% of the total offer)

Bid currency: USDC

Auction model: Dutch auction

Starting bid: $ 0.1 / DIVER ($ 2M increase)

Minimum bid: $ 0.05 / DIVER ($ 1M increase)

Max, initial market cap: $ 7.75M ($ 0.10 x 77.5M DIVERS)

Minimum. Initial market capitalization: $ 3.87M ($ 0.05 x 77.5M DIVERS)

shortcut: https://miso.sushi.com/

Dutch auction mechanism

We opted for a Dutch auction because it enables the participants to set prices fairly and transparently. It’s also permit-free and scalable, which maximizes the reach of our public sales.

A Dutch auction is a type of auction where the token price opens at a higher price and decreases over time. The possible offer price will be settled as soon as all tokens have been sold. Participants have the opportunity to wait until the price of the token drops to a level that is comfortable for them. In doing so, however, they face an increasing risk of the token being sold out before they commit to buying it.

This gives auction participants the power to determine the price to pay and when to buy. It accepts bids of varying value, so community members of all budgets can participate (not just whales).

The starting price of our Dutch auction is USD 0.10 (equivalent to an initial market capitalization of USD 7.75 million) with a minimum price of USD 0.05 (equivalent to an initial market capitalization of USD 3.87 million). The sale ends after bids have been received for all 20 million DIVER tokens. In the end, all bidders receive the same token price as the selling price of the 20 million tokens sold. Through this mechanism, the final total value of our public sale is only known after the sale is complete.

What happens after that

After our public sale, DIVER tokens will be available for trading on SushiSwap. We will transfer the majority of our proceeds and a proportional supply of DIVER tokens to our SushiSwap liquidity pool. This pool should become our liquidity center in the long term.

The rest of our sales proceeds will be reserved for liquidity events in the near future. We look forward to upcoming token listings on major stock exchanges that will make our DIVER tokens accessible to a larger market.

Our funding mechanisms

Divergence is honored to be supported by the diversified base of investors and financiers announced in our previous announcements. Since we keep our hard cap for fundraising and the overall valuation strict, we were unfortunately unable to take into account all investment interests. The funding rounds prior to our public sale were closed with contributions from stable coins and the details are as follows.

to collect donations USD equiv. Amount raised price % the offer valuation
Seed round $ 900,000 $ 0.018 5.00% $ 18,000,000
Private round $ 2,000,000 $ 0.025 8.00% $ 25,000,000
Strategic round $ 700,000 $ 0.035 2.00% $ 35,000,000
total $ 3,600,000 fifteen%

For all of our previous funding rounds and the upcoming public round, we adhere to our general principles of maximizing the DIVER token ownership distribution as well as openness and fairness to all participants. Please see our for more details on our token distribution and release schedules public documentation. A maximum of It is expected that 7.75% of our total token supply will initially be circulated in the market.

Go forward

After our public beta started, we’ve been working continuously to optimize our app interface based on community feedback. In the meantime, our code base is being audited. After the full test, we will open our code as open source and start bug bounty programs for our smart contracts and our app. We are thus preparing for the next major milestone on our roadmap the start of our V1 mainnet on Ethereum.

We look forward to a thriving volatility market in DeFi and welcome your participation. Please join us and dive together!

About divergence

Divergence is a decentralized platform for volatility hedging and trading with a focus on blockchain-native asset prices, the value of LP tokens, interest rates, DeFi farming and staking rewards.

follow us

🔔Website: https://www.divergence-protocol.com/

🚀Twitter: https://twitter.com/divergencedefi

💬Telegram: https://t.me/divergenceprotocol

📢Telegram announcement: https://t.me/divergenceannouncement

📺Youtube: https://www.youtube.com/c/DivergenceProtocol

👓division: https://discord.com/invite/v96fhsPfRa

Disclaimer: This is a paid post and should not be treated as news / advice.

Cardence is expanding its platform with several Chainlink Oracle services

0
Cardence is expanding its platform with several Chainlink Oracle services

Cardence is pleased to announce that it will be integrated Chainlink price feeds and Chain Link Verifiable Random Function (VRF) to bring expanded functionality to its decentralized advance booking platform and its launchpad.

Through the highly secure and reliable market data from Chainlink Price Feeds, Cardence will allow its users to participate in pre-sales with several different cryptocurrencies, while the verifiable source of randomness in the chain will be provided by Chainlink VRF to ensure fair and transparent reward distribution and IDO whitelisting .

Integration of the Chainlink price feed

The integration of Chainlink Price Feeds will be an important step forward for our ecosystem. Chainlink Price Feeds are the most widely used price oracle solution in the smart contract industry and are already helping to secure tens of billions of dollars for DeFi projects on various blockchains. For our initial integration, we are using three Chainlink price feeds – ETH / USD, BNB / BUSD and MATIC / USD.

One of the limitations of traditional pre-sale platforms is that they usually allow purchases with just a single asset. For example, you can only use BNB on Binance Smart Chain (BSC). Similarly, ETH is Ethereum’s native payment token, while Polygon’s is MATIC. Cardence is changing that dynamic by using Chainlink price feeds for secure and accurate crypto-to-crypto conversions at the time of allotment purchases so that we can accept BUSD, USDT and USD on their respective networks.

The next step will be to use more price feeds from Chainlink to facilitate cross-chain purchases, such as: B. User purchases in a BSC presale with ETH.

Unique benefits of Chainlink price feeds for Cardence

Accurate trading data

Chainlink Price Feeds provide source data from numerous premium data aggregators leading to price data that is aggregated by hundreds of exchanges (both centralized and decentralized), weighted by volume and cleaned of outliers and suspicious volumes.

Data security

Chainlink Price Feeds decentralizes the data acquisition and provision processes and offers strong protection against manipulation or anomalies by a single or small group of exchanges, such as flash crash outliers and flash credit attacks.

High reliability

No single company can manipulate a Chainlink price feed, which means that Cardence users get a much more objective analysis of the price data, as the information is provided and evaluated by large groups of independent companies. To be precise, Chainlink Price Feeds are secured through security-cleared, Sybil-resistant nodes operated by leading blockchain DevOps teams and traditional companies with a strong track record of reliability.

Chainlink VRF integration

In addition to the prize feeds, we also incorporate Chainlink VRF – a tamper-evident and verifiable source of randomness – to distribute project prizes and airdrops, run safe and honest competitions, and conduct fair and unbiased whitelisting. We plan to create an ecosystem in which projects can carry out their community building efforts as well as their pre-sale.

With Chainlink VRF, we are creating a secure and transparent ecosystem that is completely impartial. This allows us to create user rewards portals for airdrops distribution, portals for pre-sale whitelisting activities and any other function that requires a verifiable random source for fair and transparent selection.

Chainlink VRF combines block data, which is still unknown at the time of the request, with the pre-determined private key of the Oracle node to generate both a random number and cryptographic evidence. Cardence’s smart contract only accepts random number input if it has valid cryptographic evidence, and cryptographic evidence can only be generated if the VRF process is tamper-proof.

This provides users with automated and publicly verifiable proof right in the chain that the randomness provided by Chainlink VRF is demonstrably fair and has not been tampered with by the oracle, external units or the Cardence team.

“We are pleased to bring enhanced functionality to our ecosystem by integrating two highly secure and reliable Oracle services from the Chainlink network,” said Obaid Ul Ahad, CEO of Cardence. “Chainlink Price Feeds will help ensure that our users have consistent access to fair market exchange rates for crypto-to-crypto transactions, while Chainlink VRF establishes a fair selection mechanism for selecting users in high-demand processes.”

Via Chainlink

Chainlink is the industry standard Oracle network for supporting hybrid smart contracts. Chainlink Decentralized Oracle Networks offer developers the largest collection of high quality data sources and secure off-chain computations to extend the capabilities of smart contracts on any blockchain.

Managed by a global, decentralized community, Chainlink is currently securing billions of dollars in value for smart contracts in decentralized finance (DeFi), insurance, gaming and other major industries.

Chainlink is trusted by hundreds of organizations, from global corporations to projects at the forefront of the blockchain economy, to deliver definitive truths over secure, reliable Oracle networks. To learn more about Chainlink, visit Chain link and subscribe to the Chainlink newsletter. To understand the full vision of the Chainlink network, read the Chainlink 2.0 whitepaper. Would you like to discuss integration? Talk to an Expert.

solutions | Documents | Twitter | discord | Reddit | Youtube | telegram | GitHub

About Cardence

Cardence is a Cardano-focused decentralized multichain pre-sale platform that creates a trustworthy fundraising ecosystem. It starts in BSC, Ethereum, Matic, Cardano and Solana networks. It is the first pre-sale platform that facilitates affiliate marketing of projects, releasing tokens on a vesting schedule, whitelisting participants and automatically locking liquidity.

In addition, dapps like SmartMint and Locker App allow new tokens to be created without writing any code and time-locked token vaults to be created for the release of tokens according to a vesting schedule.

website | White paper | telegram | Twitter | middle

Disclaimer: This is a paid post and should not be treated as news / advice.

TRON, AAVE, Sushiswap price analysis: September 8th

0
TRON, AAVE, Sushiswap price analysis: September 8th

The price movement didn’t look very positive for most of the altcoins at this point. TRON, AAVE and SUSHI have all clearly set themselves apart in their respective charts.

TRON was down 15.1% to trade near $ 0.816, a level it hadn’t reached for over a week. AAVE neared its one-month low at $ 302.90. Sushiswap lost over 20% in the last 24 hours and reversed last week’s gains.

TRON (TRX)

TRON, AAVE and Sushiswap price analysis: September 8th

TRX / USD, TradingView

Tron fell 15.1% in the past 24 hours to trade at $ 0.0875. It traded near the $ 0.816 support level it last visited a week and a half ago. If it declines further, Tron can drop to $ 0.070, a level it last hit a month ago.

Technical indicators of the altcoin pointed to a persistently negative price development. Relative Strength Index was at a multi-month low as a huge sell-off pushed prices down. MACD also shows red bars in its histogram.

Great oscillator a green signal flashed after a series of red signal bars. When Tron recovers from the decline, the initial price cap was $ 0.0888. The additional price levels that the TRX could plunge above were $ 0.0958 and then $ 0.1040.

AAVE

TRON, AAVE and Sushiswap price analysis: September 8th

AAVE / USD, TradingView

AAVE was nearing its one-month low as it fell 17.2% in the past 24 hours. The price was $ 326.90 and the immediate support was $ 302.90. A decline past the one-month low of $ 302.90 could cause AAVE to rebound near $ 280.

The technical outlook remained extremely bearish for the altcoin. Relative Strength Index was parked inside the oversold zone last day. When the buying pressure tried to revive, it was stopped again. Corresponding, Chaikin money flow rested below the midline as capital inflows declined significantly. MACD after a declining crossover, red bars also flashed in his histogram.

In the event of a reversal, AAVE would initially hit the price cap of $ 338.25. Additionally, the resistance levels were at $ 375.40 and $ 414.15. If fully recovered, AAVE could attempt to hit its multi-month high of $ 441.27 again.

Sushi exchange (SUSHI)

TRON, AAVE and Sushiswap price analysis: September 8th

SUSHI / USD, TradingView

SUSHI plunged 21% in the past 24 hours, valued at $ 10.54. The coin broke below its one-week support line of $ 11.17 and should trade near the one-month low of $ 9. The parameters indicated that SUSHI was in a downward trend.

Relative Strength Index was below the 25 mark and was positioned within the oversold zone when it hit a multi-month low. MACD flashed red bars in his histogram after a bearish crossover occurred. Bollinger bands strongly open in anticipation of high market volatility in the upcoming trading sessions.

On the flip side, immediate resistance was $ 11.17. Further price caps were expected at $ 12.58 and a multi-month high of $ 14.62.

Basketball superstar Stephen Curry joins FTX as an ambassador and shareholder

0

								Basketball superstar Stephen Curry joins FTX as an ambassador and shareholder

NBA superstar Stephen Curry has taken the cryptocurrency industry a step further by partnering with crypto derivatives exchange FTX.

Stephen Curry joins FTX

According to the official announcement, the partnership agreement provides that Curry will receive an equity stake in FTX and become the exchange’s global ambassador as the company aims to increase its popularity among retail investors.

Additionally, in partnership with Curry’s non-profit foundation, Eat. Learn. Play. FTX will launch several charitable initiatives under the new agreement.

Speaking in a comment, Curry said:

“I’m thrilled to partner with a company that demystifies the crypto space and eliminates the intimidation factor for novice users. FTX has the same mindset when it comes to giving back to the community in meaningful ways and I can’t wait to see what we can achieve together.

Curry asks for advice

The three-time NBA champion also noted that the partnership represents his first major investment in the crypto space.


ANNOUNCEMENT

CryptoPotato reported last month that Curry joined the NFT bandwagon by purchasing a rare digital art of Bored Ape for $ 180,000.

Following its partnership with FTX, the The guard point of the Golden State Warriors went to Twitter asking his fans for guidance on how to embark on his journey into the world of cryptocurrencies.

“I just started playing with cryptocurrencies … do you have any advice?” churches.

While many cryptocurrency advocates were quick to advise Curry, asking him to buy one cryptocurrency or the other, MicroStrategy CEO Michael Saylor responded to the NBA star, asking him to send a direct message if he needed it.

FTX CEO: Curry is a perfect fit

Sam Bankman-Fried, CEO of FTX, said Curry’s tireless commitment to charity and his “ferocious work ethic to become in any arena he sets foot in” are the reasons why the superstar is a “perfect wearability “for exchange.

“Whether it’s basketball, investment or business, it aligns perfectly with FTX’s core values. I look forward to working with Stephen to create a positive impact for those who need it most around the world, ”added Bankman-Fried.

Over the past few months, FTX has announced several partnership deals with top sports stars and entrepreneurs. In early August, the exchange had entered a cooperation with prominent TV personality Kevin O’Leary.

Stephen Curry is the latest high-profile athlete to join the long list of top-tier FTX partners, including the Super Bowl champion Tom Brady, and his wife, Giselle Bündchen.

The company is currently valued at over $ 18 billion following a $ 900 million cash injection from the Series B funding round in July, with significant investments from major institutional investors such as Softbank, Sequoia Capital and Thoma Bravo.

Featured image courtesy of NBACom

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register and get a 10% discount on commissions and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register and enter the POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You may also like:

  • blockfolio_ftx_cover
    It’s official: Blockfolio has been renamed to FTX
  • LiquidFTX
    Hacked exchange Liquid Global secures $ 120 million debt financing from FTX
  • reduction_biance_ftx_cover
    FTX and Binance Futures reduce leverage to 20x, prioritizing consumer protection

Monero, NEM, ATOM price analysis: September 8th

0
Monero, NEM, ATOM price analysis: September 8th

With bitcoin prices plummeting due to the legal tender fiasco in El Salvador, the altcoin market appears to have been hit hard. Monero, NEM and COSMOS crashed on their respective charts. XMR traded at its multi-week low after falling 16.2%. XEM was parked below its one-month support line of $ 0.184, while ATOM crashed 25.2% in the past 24 hours.

Monero (XMR)

Monero, NEM and ATOM price analysis: September 8th

XMR / USD, TradingView

Monero’s price plunged 16.2% in the past 24 hours to trade at $ 252.59. That particular price point was the altcoin’s three-week low. Monero’s candlesticks stayed below the 4-hour SMA of 20-50-200, suggesting the momentum belongs to the sellers.

Other indicators remained extremely bearish. Moving further down, the coin may find support at $ 252.32, which the coin has not fallen below in over a month. Relative Strength Index threatened to plunge into the oversold area, the indicator was at a multi-month low.

Additionally, MACD showed tall red bars in his histogram while Great oscillator red flashing signal bars. If buying pressure resumes, XMR could attempt to plunge above the $ 281.74 resistance level. Other levels were at $ 305.62 and at the multi-month high of $ 332.

NEM (XEM)

Monero, NEM and ATOM price analysis: September 8th

XEM / USD, TradingView

XEM crashed 20.2% in the past 24 hours, trading at $ 0.186. The coin recently fell below its $ 0.184 support line for nearly a month. With another bearish push, the altcoin is trading near the $ 0.159 price line. The token has not traded below the above support line in over a month.

MACD showed red bars in the histogram and Great oscillator red signal bars are also displayed. Relative Strength Index was in bearish territory after selling pressure eased slightly. All three indicators were at a multi-month lows.

If buying pressure returns to the market, the coin can plunge above the $ 0.208 price mark. Additional resistance levels were at $ 0.228 and then $ 0.249.

Cosmos (ATOM)

Monero, NEM and ATOM price analysis: September 8th

ATOM / USD, TradingView

ATOM slumped a whopping 25.2% and was priced at $ 20.13. He reversed the gains he’d made over a week as it was at a week-long low. Another decline could cause it to be near $ 17.28, a price level it last hit three weeks ago.

If prices can’t be sustained above $ 17.28, ATOM would rise to its monthly low of $ 11.98. Relative Strength Index hit multi-month lows as the coin threatened to enter the oversold zone. MACD noticed red bars in the histogram.

Capital inflows also decreased as the Chaikin money flow was seen below the half-line. A price reversal could cause ATOM to hit its resistance level of $ 22.42 again and then try again to trade near its multi-month high of $ 26.90.

BTC365: earn money playing games like Axie Infinity

0
BTC365: earn money playing games like Axie Infinity

If you’ve always wanted to experience your childhood breeding and fighting fantastic digital beasts, you’re in luck. Axie Infinity is the newest digital game on the NFT wave, offering gamers the chance to indulge in nostalgia and pay them for the pleasure.

According to a Bloomberg article, Axie was recording nearly $ 30 million in daily Ether transactions in August alone. This is an amazing sum when you consider that there is essentially nothing more players do but breed cartoon salamanders in captivity and bring them to battle.

To start, you need to get your hands on 3 digital creatures known as the Axies. These Axies are NFTs that currently sell for at least $ 200 each. What follows is the usual insane rush for resources (think of more Axies to breed with your current stable of Axies and lots that may give you certain bonuses) to help you get better Axies that you can still use can generate more resources a never-ending virtuous cycle.

Alternatively, you can cash out by selling your stable with hopefully rare and valuable Axies for a handsome amount of ether. If you believe the recent media hype, this game, built on the Ethereum blockchain, has become a lucrative part-time job for those hard hit by the COVID-19 pandemic in developing countries.

But if you don’t want to spend your time mastering just another bunch of complex mechanics in hopes of making some crypto profits on the side, you can get into the Axie Infinity craze more directly here.

BTC365.com is a crypto gaming platform that offers a rich variety of entertainment options that allow you to wager on everything from slot machines and live casinos to dual sports betting with crypto. As an added benefit, BTC365 members can earn NFT rewards – including Axies – by actively playing and betting!

Furthermore, BTC365.com also offers a range of casual, straightforward crypto games like boom and High Low; And if that’s not enough, there are plans to launch another crypto game in mid-September.

To sweeten the business further BTC365.com offers its own BTC365 token, which allows players to participate in the platform’s profits. When players bet with cryptocurrency (Bitcoin, Ethereum, USDT, etc.), they generate BTC365 tokens.

These BTC365 tokens entitle players to a share of the BTC365 dividend pool, a portion of the platform’s profits that has been reserved specifically to reward the BTC365 community.

The more BTC365 tokens you earn, the greater your share of the dividend pool – and there’s plenty to do thanks to the Axie Infinity hype; Our dividend pool more than doubled to $ 7 million in just two months.

There’s no better time to take advantage of the crypto-making frenzy. Play to Earn BTC365.com now.

Disclaimer: This is a paid post and should not be treated as news / advice.

Cardano, Synthetix, VeChain price analysis: September 7th

0
Cardano, Synthetix and VeChain Price Analysis: 07 September

Quite a few altcoins on the market experienced declining momentum. Companies like Cardano, Synthetix, and VeChain saw their respective charts decline.

Cardano fell 2.5% and expected to rest near its USD 2.49 support zone. Synthetix was trading just above its support level of $ 12.49 and threatened to fall below it during the immediate trading sessions. VeChain also took a loss during the consolidation, moving south towards its one-week low of $ 0.124

Cardano (ADA)

Cardano, Synthetix and VeChain price analysis: September 7th

ADA / USD, TradingView

ADA saw a bearish move as it posted a 2.5% decline in the past 24 hours. It was trading for $ 2.64 and was nearing its next support zone of $ 2.49. The additional support lines were expected at $ 1.96, which would match ADA’s nearly three-week low, and the Alt could rest at $ 1.39.

ADA remained bearish on the 4 hour chart. Great oscillator red signal bars displayed. Relative Strength Index was within the oversold zone after almost two months.

the MACD Histogram observed red bars after a bearish crossover. If purchasing power returns to the market, the coin could retest the $ 3.04 price line.

Synthetix (SNX)

Cardano, Synthetix and VeChain price analysis: September 7th

SNX / USD, TradingView

The SNX fell significantly in the past 24 hours, trading at $ 12.50. It was just above its immediate price floor of $ 12.49. A break of $ 12.49 could cause the SNX to trade near its weekly low of $ 11.07. Additional support was expected at $ 8.87.

Relative Strength Index fell sharply from the bullish zone to below the half-line as purchasing power weakened. The indicator fell below the half-line for the first time this month. MACD witnessed a retrograde crossover and blinked a red bar on his histogram.

Bollinger bands remained divergent, suggesting chances of increased market volatility during the next trading session. In the event of a rebound, SNX could trade near the resistance level of $ 14.37, which is also the four-month high for the token.

VeChain (vocational training)

Cardano, Synthetix and VeChain price analysis: September 7th

VET / USD, TradingView

Vocational education was down 0.7% in the past 24 hours to hit $ 0.138. It failed to hold the $ 0.139 floor price. Falling below current price levels would mean that VET could trade near its week-long low of $ 0.124.

Technical parameters indicated bear price movements in the market. Relative Strength Index was just below the 40s mark in the bearish zone, a level it last reached over a week ago. This meant that the market had a lack of buying pressure.

MACD went through a bearish crossover and showed red bars on its histogram. The capital inflows also decreased and the Chaikin money flow was positioned below its half-line. On the flip side, VET’s immediate resistance was $ 0.151.

A $ 500 billion German wealth manager considers adding Bitcoin to existing funds

0

								A $ 500 billion German wealth manager considers adding Bitcoin to existing funds

Union Investment – the investment arm of the DZ banking group – takes another small step towards offering cryptocurrency investment services to private investors. They will make Bitcoin a small percentage of some of their funds.

Union Invest’s experimentation with Crypto

Like reported On Bloomberg news, portfolio manager David Barthe said the company was considering adding Bitcoin to their funds in small amounts, equivalent to 1-2% of their portfolios. This will begin on an unknown date in the fourth quarter.

This comes after the company first included the cryptocurrency within a mixed fund called Private Funds Flexible Pro earlier this year. These came in the form of Delta 1 certificates. A Delta certificate gives investors exposure to an asset as if they directly own the asset.

Kamil Kaczmarski, consultant for financial services providers to Oliver Wyman, says his company has noticed increased interest among mixed fund managers for cryptocurrencies.

Union Investment currently has approximately $ 500 billion in assets under management.


ANNOUNCEMENT

Access to Crypto for the masses

Developments like those of Union Investment are just one of many that are making exposure to cryptocurrencies easier for the average person. As an additional help for the Germans, S Broker recently issued a combination of 40 Bitcoin certificates, stocks and ETFs that allow clients to invest in a wide range of cryptocurrency assets.

That said, accessing a Bitcoin ETF in the US may have to wait. The SEC currently has no plans to to approve such an institution and could even wait until 2023 before considering it a priority.

However, there are other ways to spread exposure to Bitcoin. ATM installations were soaring in recent months, offering wallet owners a familiar method to buy and sell Bitcoin. According to statistics, most of these installations took place in the United States.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register and get a 10% discount on commissions and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register and enter the POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You may also like:

  • Germany
    German institutional funds can now invest 20% of their portfolios in cryptocurrencies
  • bitcoin_ethereum_cover
    21Shares partnered with Comdirect to offer cryptocurrency ETPs for savings accounts
  • blackrock_cover
    BlackRock, the world’s largest wealth manager, owns $ 383 million worth of Bitcoin Miners shares: report