Bitcoin Networks

2023-06-04 13:43:37 ‌Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:

• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.

DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.

Rating: coinmarketcap
Buy: uniswap, mexc
Follow: twitter Open / Comment

2023-06-01 11:00:06 Landmark MiCA Law Officially Signed By EU Policymakers

Summary:

European Union lawmakers officially signed the bloc’s Markets in Crypto Assets (MiCA) bill meant to standardize digital asset businesses across 27 member nations.The bill is accompanied by new anti-money laundering rules that require exchanges and crypto providers to verify users’ identities.The EU is another step closer to implementing crypto standards and rules roughly three years after the bill was introduced, making the bloc the first major jurisdiction to provide clear rules for the nascent industry.The Markets in Crypto Assets (MiCA) bill developed to create standard rules for crypto businesses operating in EU states was officially signed on Wednesday, May 31, and marks a watershed moment for the broader crypto industry.

MiCA’s policies which introduce a licensing framework are accompanied by new anti-money laundering rules that require exchanges and crypto providers to verify users’ identities. The bill was first proposed in 2020, surviving endless parliamentary debates and revisions. Open / Comment

2023-04-28 11:00:06 US Dollar Facing More Severe Threats Than Ever Before, Says Circle CEO Jeremy Allaire

Circle CEO Jeremy Allaire says that the US dollar’s competitiveness faces unprecedented threats as cryptocurrency advances in other countries.

In a new Bloomberg Television interview, Allaire says that US Congress should pass pro-crypto legislation to ensure the country benefits from blockchain innovation. Open / Comment

2023-03-28 11:00:35 Cathie Wood Says Price of Bitcoin Will Go Through the Roof if People Lose Confidence in Monetary System

ARK Invest’s Cathie Wood says Bitcoin (BTC) is likely to explode in value if people’s confidence in the financial system continues to dwindle.

In a new YouTube update, Wood says that Bitcoin’s decentralized nature and scarce supply will attract capital looking for a superior store of value compared to what has historically been available to them. Open / Comment

2023-02-23 11:00:36 Solana (SOL) Price Analysis: This Support Might Trigger Fresh Increase

Solana price is trading above $22 against the US Dollar, similar to bitcoin. SOL could is correcting lower, but it might find bids near the $23 zone.

Solana (SOL) Price AnalysisSOL price remained in a bullish zone above the $20 and $21 support levels. The bulls were active near the $20 zone. A base was formed and the price started a decent increase above the $22.00 level.

There was a steady increase above the $25.00 level and the 55 simple moving average (4-hours). The pair even climbed above the $26.50 level. A high was formed near $27.12 before there was a downside correction. The price declined below the $25 support zone. Open / Comment

2023-01-13 11:00:43 Nexo Suspected Of Money Laundering And Fraud By Bulgarian Police

Summary:

The crypto lender’s office in Bulgaria was raided on suspicions of fraud, money laundering, and tax evasion.Local authorities also claimed to have evidence proving that a Nexo user financed terrorism.The company said they’re cooperating with law enforcement and assured users that the uncertain period “too shall pass”.Nexo’s Bulgarian division was raided by local law enforcement on Thursday due to suspicions that the crypto lender facilitated fraud, money laundering, and tax evasion. According to the official report, Bulgarian police are investigating the company’s domestic entity that boasts operational functions including payroll and customer support.

In addition to fraud and tax evasion allegations, local authorities also believe a Nexo user financed terrorism by leveraging the cryptocurrency platform. The statement from Bulgaria’s prosecutor’s office said over 300 law enforcement agents are part of the investigation to “neutralize the criminal activity” at the giant crypto lender. Open / Comment

2022-12-09 11:00:37 Biggest Movers: LTC, ATOM Extend Declines, Hitting 10-Day Lows 

Litecoin fell for a third consecutive session on Thursday, as the token continued to move away from recent highs. Cryptocurrencies have been mostly lower in recent days, as traders continue to fear a global recession. Cosmos also remained in the red during today’s session.

Litecoin (LTC)Litecoin (LTC) dropped to a ten-day low on Thursday, with the token falling for a third straight session.Following a high of $79.20 on Wednesday, LTC/USD moved to a low of $74.82 earlier in the day’s session.As a result of this, the token fell to its lowest point since November 29, when prices hit a bottom of $73.39.Looking at the chart, it appears that litecoin bears are hoping to push prices towards a floor at $73.00.This seems a possibility, especially with the 14-day relative strength index (RSI) fast approaching a floor of its own.The index is currently tracking at 57.10, and seems to be moving towards a support point of 53.00.

Cosmos (ATOM) Open / Comment

2022-11-04 11:00:40 Ethereum Layer 2 Protocols Set New Weekly High For Transactions

Summary:

Layer 2 transactions on Ethereum’s blockchain hit a new seven-day high, Orbiter Finance data showed.Orbiter’s dashboard recorded over 5.78 million transactions between October 27 and November 2.Arbitrum led the L2 pack with around 46.59% of layer 2 transactions carried out on the protocol.Transactions on Ethereum’s mainnet only exceeded L2s by about 30%. Ethereum layer 2 solutions hit a landmark for weekly transactions as scaling solutions continue to make their case and grow a presence within ETH’s ecosystem.

Data extracted from the on-chain aggregator Finance showed that transactions on L2 protocols exceeded 5.78 million. The dashboard recorded transactions in a seven-day period between October 27 and November 2. ETH’s layer 1 mainnet recorded 7.3 million transactions within the same timeframe. Open / Comment

2022-11-03 11:00:49 Moneygram Enables Customers to Buy and Sell Cryptocurrency via Its Money Transfer App

Moneygram has launched a new crypto service to allow customers to buy, sell, and store cryptocurrencies using its mobile money transfer app. Initially, three cryptocurrencies are supported, including bitcoin and ethereum.

Moneygram’s New Crypto ServiceMoneygram International Inc. (Nasdaq: MGI) announced the launch of a new cryptocurrency service Tuesday. The official Twitter account for Moneygram tweeted:

Moneygram announces the launch of a new service enabling consumers to buy, sell and hold cryptocurrency via the Moneygram app. This feature gives customers in nearly all U.S. states the ability to trade and store BTC, ETH and LTC. Open / Comment

2022-10-02 11:00:41 Did Bitcoin Get Caught Up in Hype Surrounding The Merge?

In mid-September, bitcoin – the world’s number one digital currency by market cap – ran above the $22,000 mark for the first time in nearly a month.

Bitcoin Experienced a Small Surge in Mid-SeptemberEveryone was praising the move given the asset had recently hit a price below $19,000, something it hadn’t done since June of this year. This means that after hitting a near-three-month low, the world’s primary digital asset seemingly shot up by close to $4,000, marking what many analysts consider a relatively big jump.

While everyone was breaking out the champagne, not all the traders and industry experts out there think the signs are there for bitcoin’s newfound strength to stay active. They think the currency could wind up experiencing more major dips, and thus things could remain in the doldrums before they show true signs of recovery. Open / Comment