Best Crypto Traders Official

2022-09-07 00:57:14 Bitcoin and other cryptocurrencies have been falling for months. But do not despair - our Alomada bot in spite of this continues to bring profit. Over the past 3 months, the profit was more than 62%, and the Annual Percentage Yield reached almost 500%! A great reason to join right now! Open / Comment

2022-08-23 13:05:47 ​​Arcane Research Analyst Predicts Bitcoin Network Energy Consumption in 2040

If by 2040 the price of bitcoin rises to $2 million, the annual energy consumption of the network of the first cryptocurrency will reach 894 TWh. This figure is about 10 times higher than the current one, said Jaran Mellerud, an analyst at Arcane Research.
With a digital gold price of $500,000, he estimates that the yearly energy consumption will be 223 TWh, slightly more than double what it is today.

“If the price of bitcoin reaches $2 million by 2040 and transaction fees remain at historical averages, the share of digital gold in global energy consumption will be 0.36%,” Mellerud wrote.

The chart above shows that Arcane Research's worst-case scenario assumes a price of $100,000 for Bitcoin. At this value, the energy intensity will be 45 TWh in 2040.
According to the Cambridge Center for Alternative Finance, Bitcoin network consumption is currently comparable to countries such as the Philippines, Kazakhstan, Pakistan and the Netherlands. Open / Comment

2022-08-16 15:02:06 ​​Bloomberg strategist called bitcoin oversold

Bitcoin is trading at a significant discount in a sustained bull market. Mike McGlone, senior commodities strategist at Bloomberg Intelligence, said this, according to Forbes.

“The first cryptocurrency hit an all-time low in July compared to its 100-week moving average,” he explained.
The agency analyst emphasized the high importance of the stock market, with which bitcoin shows a noticeable correlation.
“There are several more powerful forces in the markets than when the stock market falls at a high rate, as happened in the first half of the year,” he said.
McGlone mentioned the key role of the Fed, which is pursuing aggressive rate hikes in 2022. This could potentially create a hurdle for risky assets, including cryptocurrencies and equities. He urged not to fight the Fed. Open / Comment

2022-08-12 11:36:19 The sharp rise in bitcoin after the slowdown in inflation in the US

Bitcoin has risen in price by $1000 in an hour after the release of US inflation data, and Coinbase recorded a loss of $1.1 billion in the second quarter - these and other important news of the cryptocurrency market in our review.
Bitcoin surged $1,000 to top $24,100 again following the release of US inflation data. As of 16:40 Moscow time, the first cryptocurrency was trading at $24,000, over the past day it has risen in price by 3%. The price increased after the US Department of Labor reported an increase in consumer prices in the country in July by 8.5% year on year.
Crypto exchange Coinbase recorded a loss of $1.1 billion in the second quarter, according to the company's financial report. It suffered due to a sharp decline in trading volumes caused by the collapse of cryptocurrency quotes. In particular, the price of bitcoin has dropped by almost 70% from the all-time high set in November 2021. Open / Comment

2022-08-09 11:11:09 Bloomberg strategist called bitcoin oversold

Bitcoin is trading at a significant discount in a sustained bull market. Mike McGlone, senior commodities strategist at Bloomberg Intelligence, said this, according to Forbes.

“The first cryptocurrency hit an all-time low in July compared to its 100-week moving average,” he explained.
The agency analyst emphasized the high importance of the stock market, with which bitcoin shows a noticeable correlation.
“There are several more powerful forces in the markets than when the stock market falls at a high rate, as happened in the first half of the year,” he said.
McGlone mentioned the key role of the Fed, which is pursuing aggressive rate hikes in 2022. This could potentially create a hurdle for risky assets, including cryptocurrencies and equities. He urged not to fight the Fed. Open / Comment

2022-08-05 13:08:42 ​​Solana linked massive hack to wallet provider Slope

The Solana team's investigation into the breach of thousands of cryptocurrency wallets found that the affected addresses were "at some point created, imported, or used in Slope's mobile apps."

Prior to this, Solana developers reported that the hack was not caused by a bug in the underlying blockchain code, but was due to software used by “several popular wallets.”
Solana Labs co-founder Anatoly Yakovenko wrote that anyone who has ever imported a seed phrase into Slope can consider it compromised. Open / Comment

2022-08-02 10:14:41 ​​Aave Community Approves Decentralized Stablecoin GHO Launch

The Aave DeFi community has approved the launch of the USD-pegged decentralized stablecoin GHO in the ecosystem.

“The community has given the green light to the GHO. The next step is to vote on the parameters of the genesis. Stay tuned for the proposal on the governance forum next week,” the developers wrote.
During a three-day vote, members of the decentralized organization Aave DAO contributed over 500,000 AAVE tokens to the Snapshot platform. The proposal received almost unanimous support.

The protocol team submitted the project to GHO in early July 2022. The instrument is an overcollateralized stablecoin, the same model used in DAI by MakerDAO. Open / Comment

2022-07-29 10:20:21 Bitcoin soared after the Fed rate hike

BTC was bullish on the Fed's announcement of a 0.75% rate hike, as expected, and surged overnight immediately after the Fed meeting from $21,600 before the announcement to a peak of $23,415 after, or more than 8% in several hours.
There are two reasons for BTC to soar: Firstly, according to many analysts, the market largely appreciated the announcement made by the Fed and investors “bought the news after they sold the rumor.”
Secondly, there are comments by Fed Chairman Jerome Powell that the bank will continue to demonstrate the firmness of its monetary policy to curb inflation, and may also slow down the recent rate hike. Open / Comment

2022-07-19 10:08:13 ​​•Changpeng Zhao ruled out adding stock trading service to Binance
Binance bills itself as a "pure" Web3 company with no interest in adding stock trading to its product line. This was stated in an interview with Decrypt by the CEO of the bitcoin exchange, Changpeng Zhao.
The top manager did not evaluate the platforms whose management decided to take this step. According to him, such an option is contrary to the philosophy of Binance.

•Empiric Network project based on StarkNet raised $7 million
Empiric Network, a decentralized oracle network based on StarkNet's second layer scaling solution, has raised $7M in a seed funding round. Open / Comment

2022-07-15 10:34:21 ​​The creators of NFT sneakers earned $122.5 million in the quarter, and the founders of Three Arrows Capital will be sued in bankruptcy — these and other important news of the cryptocurrency market in our review.
The STEPN project announced a profit of $122.5 million in the second quarter of 2022. The developers have identified several areas for the development of which the earned capital will be directed. STEPN, a Move-to-Earn mobile app, was launched on March 2, 2022. The main idea of ​​the application is to receive cryptocurrency for movement. Participants purchase NFT sneakers and earn in-game GMT currency by moving around in the real world.
Liquidators of crypto investment fund Three Arrows Capital (3AC) have received permission to subpoena company founders Su Zhu and Kyle Davis, Reuters reports.
. The subpoena order was issued after the liquidators' lawyer Adam Goldberg told the court that the founders' whereabouts were unknown and there were fears that they could sell off tens of millions of dollars worth of company assets. Open / Comment