CryptoClan (ENG)

2022-01-28 18:22:01 Bitfinex Announced Support for BitTorrent Token Redenomination and Swap

BitTorrent’s token redenomination and swap caused quite a stir in the market as every DEX must make changes to support the crypto. Bitfinex recently became one of the exchanges to support the swap on 28th January.

During the upgrade, Bitfinex will restrict withdrawals, deposits, and trading of the BitTorrent token. The trading window will stay shut from 28th January at 10:30 AM (UTC) till the integration takes place. The exchange released an official post to make the announcement, stating that users must cancel their open orders during the period. Open / Comment

2022-01-28 15:19:01 Canada Should Plant a Flag in Crypto, Says Wealthsimple’s CEO

By opening its arms to the world of crypto, Canada could attract a lot of smart people, who are part of the ecosystem, said Katchen.

Michael Katchen – the Co-Founder and Chief Executive Officer at the Canadian investment management firm Wealthsimple – believes local authorities and regulators should create a crypto-friendly ecosystem. He added that blockchain technology is “wildly exciting,” while some of the smartest people in the tech industry “are flocking” into the digital asset space. Open / Comment

2022-01-28 13:19:01 JUST IN: Biden admin plans to regulate Bitcoin and crypto as a matter of national security

The White House National Security Council would also be involved, the person said, since crypto has economic implications for national security. Open / Comment

2022-01-28 11:07:00 Crypto adoption in Africa grows by 1200%

Although Europe has remained limited with cryptocurrencies, the panorama is different in regions such as Africa, where crypto adoption increases every day. The third-largest continent in the world is friendly to using cryptocurrencies. According to figures, its adoption amounted to more than a thousand percent in 2021.

Cryptocurrencies have grown disproportionately since Bitcoin, the first decentralized token, appeared in 2011. By 2021, crypto reached its all-time high value, with Bitcoin trading above $68,000. However, the crypto market has succumbed to a bearish streak for the last three months. Open / Comment

2022-01-27 21:43:05 Bitcoin transfer volumes continue to be dominated by institutional size flows, with more than 65% of all transactions being larger than $1M in value.

The uptrend in institutional dominance in onchain volumes started around Oct 2020 when prices were around $10k to $11k. Open / Comment

2022-01-27 16:43:02 Elon Musk urges McDonalds to accept dogecoin and promises to eat a Happy Meal in return

Elon Musk has said he would “eat a happy meal on tv” if fast food chain McDonalds starts accepting Dogecoin.

The Tesla chief executive made the announcement with seemingly no provocation, but Mr Musk has a history of promoting the meme-based cryptocurrency. Open / Comment

2022-01-27 13:26:56 Ethereum Foundation Kills 'ETH 2.0' in Favor of 'Consensus Layer' Rebrand

Together, the two layers will merge into just plain ol' Ethereum after the consensus layer is ready to replace the current mining system. As the Ethereum Foundation, a nonprofit that helps coordinate and fund technical developments on the Ethereum blockchain, notes in its blog post, this shift all came about organically.

The beacon chain was ready well before other elements of Ethereum 2.0, all of which prompted what the foundation calls "a revival of research initiatives on the proof-of-work chain." Open / Comment

2022-01-27 11:03:19 Tesla's $TSLA Q3 Revenue since 2011

2021: $17.7B
2020: $10.7B
2019: $7.4B
2018: $7.2B
2017: $3.3B
2016: $2.3B
2015: $1.2B
2014: $957M
2013: $615M
2012: $306M
2011: $39M Open / Comment

2022-01-26 21:32:02 #Bitcoin Short-Term Holders are currently holding historically large unrealized losses.

The STH-NUPL metric tracks aggregate unrealized loss held by the STH cohort, in proportion to the market cap. A value of -40% is coincident with some of the deepest sell-offs in history. Open / Comment

2022-01-26 18:11:01 Cardano Blockchain Congestion at An All-Time High - BeInCrypto

The Cardano NFT marketplace recently closed its first round of artist applications but has experienced congestion, which is affecting transaction finality.

The Cardano blockchain load hit an all-time high of 92.8% on Jan. 24, 2022. The NFT marketplace jpgstore is offering mentoring for the minting and launching of NFT collections on Cardano. Open / Comment