Please share if you find this article interesting. Bitcoin whale clusters show these are the strong support levels Since topping out at $19,484, Bitcoin price has struggled to reclaim the $17,000-$18,000 level. As the price continues to decline, traders are targeting key underlying support levels to determine where traders will buy if BTC price continues to fall. The immediate support levels based on whale clusters are $16,694, $16,411, and $16,064. Below the $16,000 support, $15,355, $14,914, and $13,740 that could serve as macro support areas. Whale clusters form when whales accumulate BTC and do not move their recently acquired funds. The clusters also indicate where whales last bought, signifying potential support areas. Bitcoin whale clusters. Source: Whalemap$16,411 is the ...
Please share if you find this article interesting. Ukrainian government sponsors educational web show about cryptocurrencies The Ukrainian Ministry of Digital Transformation released a web series to educate citizens about cryptocurrencies, blockchain, and Bitcoin (BTC). The show premiered on Wednesday and was developed in collaboration with Binance, Hacken, and Crystal Blockchain as part of the Ukrainian government’s “Diia.Digital education” program. The show consists of eight episodes of six to twelve minutes each which explain the basic concepts of cryptocurrency and blockchain. The show is conducted by Andriy Onistrat, an entrepreneur and former banker, who interviews guests working in the blockchain industry. The first episode, available on YouTube, introduces the concept of
Please share if you find this article interesting. Bitcoin’s Carnivore Cult Is Both Stupid and Correct This entire article is Saifedean’s fault. Saifedean Ammous, author of “The Bitcoin Standard,” kept heaping steak tartare onto my plate at a Bitcoin meetup back in August 2018, in between jokes about liberal plebs. As the youngest woman in the room, per usual, I wanted acceptance from the Bitcoin clan. Despite nearly a decade of (fickle) vegetarianism, I accepted the author’s meat offerings in exchange for an off-the-record interview. I torpedoed questions his way between bites. Ammous told me last week, via direct message, that he couldn’t remember if that was his first public steak dinner. But there would be many that followed. Long before he became a bitcoiner, Ammou
Please share if you find this article interesting. CME overtakes OKEx as largest Bitcoin futures market CME Group has become the world’s largest Bitcoin (BTC) futures market following a surge in open interest over the past month, industry data shows. In a Friday tweet, Arcane Research announced that CME had overtaken OKEx as the world’s largest Bitcoin futures market. Citing data from Skew, a market intelligence firm, Arcane said open interest in CME’s Bitcoin futures contract has reached $1.16 billion. OKEx, meanwhile, registered $1.07 billion. “Institutional investors are here,” Arcane said. CME’s Bitcoin futures market has more than doubled over the past month, with more traders seeking exposure to the flagship cryptocurrency as it surged to near all-time highs. Futures tradi
Please share if you find this article interesting. Price analysis 11/27: BTC, ETH, XRP, BCH, LINK, LTC, ADA, DOT, XLM, BNB Bitcoin’s (BTC) rise above $20,000 will have to wait, as the price saw a strong correction and turned away from reaching a new all-time high. Data suggests that whales decided to book profits when Bitcoin was close to $19,000, and this pulled the price lower. This fall could have resulted in the liquidation of overleveraged positions in the futures market and further aggravated the decline. The current correction is a healthy sign, as the crypto market was becoming overheated as several altcoins rallied vertically in the past week. While some altcoins have given back a large portion of their recent up-move, Bitcoin remains strong, suggesting that investors ar
Please share if you find this article interesting. Decred co-founder explains rationale behind Bitcoin bull and bear cycles Since its launch approximately 12 years ago, Bitcoin (BTC) has seen a number of bull and bear cycles, each greater than the last. What drives these cycles, however? Decred co-founder Jake Yocom-Piatt claims that the answer lies within the human brain. “Bitcoin’s bull and bear cycles are functions of generic human psychology, attention spans, and its deterministic and diminishing issuance,” Yocom-Piatt told Cointelegraph. Over the years, various parties have argued different cases for Bitcoin’s cycles, including PlanB’s stock-to-flow model, which projects future Bitcoin prices based on its programmed halving events every four years. Bitcoin is unlike any ass
Please share if you find this article interesting. Law Decoded: Cents and stability, Nov. 20–27 Editor’s note As many of you were certainly following in real time, a bull market gave way to a bloodbath yesterday, which happened to be Thanksgiving in the U.S. Personally, I’ve never thought that Bitcoin’s price was any sort of proof of its value proposition, but for many its retreat yesterday certainly dashed many a planned gloat to family members more receptive to massive gains than concepts like censorship resistance. But obviously volatility is part of the game with cryptocurrencies. One of the more prominent solutions to this problem has been the rise of stablecoins, especially following the market’s swan dive at the beginning of 2018. Stablecoins typically derive their value f
Please share if you find this article interesting. Polish city becomes first to adopt Ethereum blockchain for emergency services Olsztyn, Poland is reportedly the first city in the world to leverage Ethereum’s blockchain to aid the provision of emergency services, offering yet another tangible use case for distributed ledger technology. Olsztyn has completed a successful trial run of SmartKey, a bridging technology that connects blockchain with physical assets, to aid in police, fire and ambulance services. SmartKey will reportedly enable rescue teams to perform their jobs more efficiently by connecting a smart contract to Teltonika smart devices that are used by local rescue teams. This connection enables emergency crews to enter any building in the city without having to track
Please share if you find this article interesting. A Step-by-Step Guide to Splitting ABC Fork Tokens from Bitcoin Cash | Technology Bitcoin News On November 15, the Bitcoin Cash blockchain underwent a scheduled upgrade but also the chain saw a consensus split, and the network bisected into two. After the split, numerous users have been looking for methods in order to split their coins in order to store them separately or sell the unwanted tokens on an exchange. The following is a step-by-step guide on how to split forked tokens by leveraging a few different tools. Splitting Coins from the Bitcoin Cash Network Fork Using Electron Cash Version 4.2.0 In mid-November, just like every year before, the Bitcoin Cash network upgraded in order to fix the difficulty adjustment algorithm ...
Please share if you find this article interesting. What happens to your Bitcoin when you die? As cryptocurrency investment becomes more and more popular, long-term investors are increasingly concerned with the uncomfortable question: What happens to your Bitcoin (BTC) when you die? According to a 2020 study by the Cremation Institute, nearly 90% of crypto owners are worried about what will happen to their crypto after they pass away. Furthermore, despite a high level of concern, crypto holders are reportedly four times less likely to use wills for inheritances than non-crypto investors. As explained in its white paper, Bitcoin is a purely peer-to-peer version of electronic cash, allowing online payments to be sent directly from one party to another without going through a financ