Ebay exploring crypto payment options and NFT auctions
Major online marketplace eBay will be pursuing crypto payment options for its customers along with exploring ways to introduce nonfungible…
Major online marketplace eBay will be pursuing crypto payment options for its customers along with exploring ways to introduce nonfungible…
You are using an outdated browser. Please upgrade your browser to improve your experience.
error: Content is protected !!
The post The Next Generation Vehicular Networks, Modeling, Algorithm and Applications (Wireless Networks) appeared first on Crypto new media.
RSK Network, a smart contract platform secured by Bitcoin, announced today it has surpassed Lighting Network (LN) total value locked (TVL) in Bitcoin (BTC), and now stands at 1,445 BTC locked.
This achievement is key for the RIF (RSK Infrastructure Framework) economy as RSK and Bitcoin are its foundation. RIF’s suite of open and decentralized infrastructure protocols enables faster, easier and scalable development of distributed applications within a unified environment. The surge of BTC locked on RSK paves the way for accelerating RIF economy growth.
One of the main factors driving the rise of user interest and TVL on RSK is the successful launch of Sovryn, the Anthony “Pomp” Pompliano backed Bitcoin-based decentralized trading and lending platform. Sovryn (SOV) trading commenced on April 13th, the same day Sovryn announced a $9 million investment.
Users can trade long or short with up to 5x leverage, it enables holders of BTC, USDT and the Dollar on Chain (DOC) stablecoin to earn interest by lending their assets. They can also take advantage of low-cost, low slippage swaps between BTC, USDT, and DOC using the Sovryn DEX with automated market-makers.
“The launch of Sovryn, which provides native and noncustodial trading and lending of BTC, represents a major step forward for DeFi projects built on the Bitcoin blockchain. It has driven amazing growth on the RSK blockchain. We are very excited about the future of the platform which has proven to fulfill a need in the Defi space. Bitcoin is the center of gravity for the entire crypto economy. Layer-2 innovations will only increase its reach. When people think of Bitcoin layer-2, most think of Lightning Network. Sidechains are a powerful complement to Lightning and are gaining remarkable user traction.”
– Sovryn Co-Founder, Edan Yago
Sovryn is a Bitcoin-native financial operating system that allows people to utilize their Bitcoin in decentralized applications; without having to part ways with it, without having to touch a centralized entity, and without giving up financial privacy and sovereignty. The Sovryn protocol provides an infrastructure using layer-2 technologies for DeFi with the reserve asset as Bitcoin. Further, Bitcoin-backed stablecoins and sidechain technologies provide low fees and secure scalability
The post Bitcoin smart contract platform RSK sees TVL of 1,445K BTC driven by Sovryn DeFi app launch » CryptoNinjas appeared first on Crypto new media.
In a testament to how crazy markets have become, Dogecoin is now worth more than Twitter. While it looked like the DOGE train had run out of steam during late April’s sell-off, its market cap has gone on to nearly double, to just below $50 billion, in less than two weeks.
Elon Musk’s involvement is a factor in all of this. The Tesla billionaire is reportedly going to mention Dogecoin during his up-and-coming appearance on Saturday Night Live on May 8. On a fundamental level, there’s also the fact that more merchants are beginning to accept the meme token as a payment method. While critics maintain DOGE lacks fundamentals, who’s having the last laugh now?
In defiance of convention, Dogecoin continues its incredible run, even managing to flip Cardano in the process. YTD gains currently stand at 7,800%.
Following the recent market sell-off, a strong recovery from DOGE set in motion a steep uptrend in price. Today sees more of the same, gaining 7% since opening the day.
Analyst Kas1a charted DOGE on a 4-hourly, concluding that its run is “unstoppable.” His analysis shows a price trend respecting an upwards grind line that formed during the recent dip. Add to that a price level above the 13, 50, and well above the 200 and 800 EMAs, and the case for a $1 DOGE looks increasingly possible.
Source: TradingView.com
Dogecoin co-founder Billy Markus said a $1 DOGE is not something he can wrap his head around. By his admission, Dogecoin was created in a matter of hours and was always intended as a crack against the ultra-serious cryptocurrency industry, not a project outdoing Twitter.
It gets even more absurd. A look at current company market caps shows DOGE within striking distance of Volvo, Honda, and Philips Electronics. All of which provide tangible goods and services to millions of people.
Markus cannot explain how or why his creation has gotten to where it is today. However, he raises the possibility that we no longer live in reality. Given the divergence of stock markets from the real economy, he may have a point.
“Maybe it’s that Dogecoin can be a good barometer for how far from reality things can get.”
Commenting on Dogecoin’s rise, IOG CEO Charles Hoskinson labeled the situation a bubble. He attributes its price performance to Elon Musk and market manipulation by “clever whales.”
“Let’s be very clear, this is a bubble. The price of DOGE is not sustainable, it’s going to collapse and a massive amount of retail money is going to be lost very quickly.”
When things go south for DOGE, Hoskinson fears that regulators will be forced to take action, resulting in tougher regulation for the entire cryptocurrency industry.
Those comments were made two weeks ago. Since then, DOGE has proven more resilient than Cardano. Maybe it’s time to accept that fundamentals no longer matter.
The post Dogecoin Proving The Haters Wrong as Market Cap Now Exceeds Twitter appeared first on Crypto new media.
GridPlus Lattice1 firmware v0.10.6 was just released over-the-air and includes several important new features such as easy import of…
TL;DR Breakdown
Today’s Ripple price prediction is bullish as the market has consolidated for several days after failing to break above the $1.65 resistance. Since a good base from which to move higher has been established, we expect Ripple to move higher over the upcoming days.
The overall market is in the green today as strong rallies across the market were made over the last 12 hours. Ethereum is up by almost 8 percent, while Bitcoin is up by 3 percent as it slowly moves back to the $60,000 mark. Waves is the best performer as of now, with a gain of 40 percent after reaching above the $35 mark earlier today.
XRP/USD opened at $1.56 today after a slight retracement yesterday from the $1.65 resistance to the $1.5 support. Since the Ripple price has consolidated sideways for several days now, we expect a breakout higher over the next 24 hours as bulls look to continue the overall several-day rally.
XRP/USD price moved in a range of $1.55 – $1.62, indicating moderate volatility. 24-hour trading volume has decreased by 26.84 percent and totals $6.13 billion. The total market cap stands at $72.4 billion, ranking the cryptocurrency in 4th place overall.
On the 4-hour chart, we can see XRP moving sideways for the past days within a narrow range below the $1.65 resistance.
Ripple market sentiment has shifted over the past week after a several-week retracement took the market price from $1.97 all-time high to low at $0.90, resulting in a loss of over 50 percent. From there, XRP/USD consolidated for some while until a brief spike lower was made on the 25th of April.
Over the next days, Ripple price gained around 50 percent, with the previously established resistance level around $1.50 retested. Another several-day consolidation with a $1.30 level as support led towards push higher on the 30th of April with $1.65 mark reached this time.
Currently, Ripple moves sideways again in a similar way a before. Since Ripple has spent more than two days in this consolidation, we expect a breakout to the upside to be seen over the next 24 hours as the overall week-long bullish momentum continues. Until then, Ripple should continue respecting the $1.50 level as a support.
Once a breakout to the upside is made, the next target is located at the $1.90 mark. If Ripple reaches this target from the current price of around $1.59, it would mean a potential gain of around 20 percent over a couple of hours. Therefore, we are bullish for XRP/USD over the next 24 hours.
Alternatively, if Ripple price action dips below the $1.50 mark, we could see a much longer several-day retracement to be played out over the next few days. However, as long as XRP/USD does not dip below the previous local low at $1.30, the market structure remains bullish.
Ripple price prediction is bullish as the market has consolidated for several days below the $1.65 resistance. Therefore, we should see bulls continue pushing XRP/USD higher over the next days, with the next target to the upside located at the $1.90 mark.
While waiting for further Ripple price action, see our guides on Bitcoin wallets and faucets, as well as what are Bitcoin ETFs.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
The post Ripple consolidates below $1.65, prepares to push higher? – Cryptopolitan appeared first on Crypto new media.
Virtue bitcoiner
Virtue bitcoiner from Bitcoin
View Reddit by NeedleworkerNo2874 – View Source
The post Virtue bitcoiner appeared first on Crypto new media.
Polygon has been rallying for the past two weeks. After the expectation of the altcoin’s price hitting $1, it hit an ATH of $0.94 and has been rangebound since then. The trade volume is a tenth of Ethereum, which is $404 Million. It adds to the bullish sentiment of the traders, since the trade volume of a L2 scaling solution is $40 Million against $404 Million for ETH.
There has been nearly the same number of swaps on both networks. ETH with 16000 and Polygon with 14000. Despite much lower market capitalization, Polygon continues to rally and continues to remain undervalued.
With 1.7 Million transactions, it is only the beginning for the MATIC network. The concentration by large HODLers is 91% vs 60% of ETH. This large concentration supports MATIC’s price since it helps resist selling pressure. The network growth stands at 18% based on data from intotheblock and this is conducive to the rally to $2. Another factor that is key to the price rally is volatility.
Based on the above chart from Lunarcrush, volatility has dropped by 70% however, a drop in volatility has not affected the price negatively in the past. In terms of alts, Matic ranks 6th on Lunarcrush based on social sentiment and overall social score. Though there hasn’t been much change in price in the past 24 hours or two days, the price is up nearly 70% since the past week and that is bullish for the altcoin.
The 24-hour volume stands at $822.3 Million and the altcoin was rallying, despite low volatility and low trade volume. There is demand across exchanges and that has contributed to the price rally. For MATIC the 30 and 90-day volatility is nearly the same.
Despite the drop in large transactions, retail traders have continued buying and this has contributed to the price rally. 10% away from its ATH, MATIC is likely to rally to ATH and start price discovery, unless HODLers or large traders start selling. In the following weeks, based on the on-chain metrics, a price rally is expected from MATIC.
Sign Up For Our Newsletter
The post What to expect from MATIC’s price over the following weeks appeared first on Crypto new media.
Embora a tecnologia de blockchain ainda seja relativamente nova, seu potencial é mais do que evidente. Essa tecnologia está revolucionando…