Crypto Shake

2022-08-27 13:50:00 News update: Fashion TV web 3.0 project is finally launched!

Stylike is a web 3.0 fashion app backed by Fashion TV with the goal of rewarding those who put effort in their daily look and appreciate fashion.

Their reward is with STYL token which has a value equivalent to real money and everyone can cash it out any time.

Their NFT and Token presale are Live now for a limited time and this is your opportunity to invest at seed price!

5x to 10x value growth expected

Binance listing application audited

pre sale value : 1 BNB = 1,000,000 STYL

join telegram community to participate for free drops :

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with the links below you may claim your tokens and NFTs


https://stylike.io/marketplace

https://www.pinksale.finance/launchpad/0x8eF301e180D8b33e4F87F358AfD4DD71E4161089?chain=BSC Open / Comment

2022-08-25 19:30:00 As a result of the market instability, I've lost a big part of my trading income. I've decided to use futures to recoup what I lost.
The nice opportunity to try it, so I've been actively exploring futures exchanges.

While I was looking, I found a new project called Sunflower Corporation. A derivative exchange with a bias towards trending instruments and big leverage on classics like BTC, and ETH.

The features of the exchange:
— Nice onboarding system: there's a welcome bonus and a Rewards Hub with extra money tasks. Moreover, regular trading competitions are here too
— Lots of trending instruments and great leverage (up to x100)
— Great matching system! Quickly, really quickly
— Fancy order types

Although I was skeptical, I liked it. I recommend registering, here is the link, use it: Sunflower Corporation Open / Comment

2022-08-24 18:00:08 ​Crypto Prime Brokerage Enlists Former Wells Fargo, JPMorgan Exec

A traditional finance (TradFi) veteran with more than two decades of experience at bulge-bracket banks JPMorgan and Wells Fargo is jumping into crypto.

Digital assets prime brokerage Floating Point Group has tapped Peter Eliades — who last headed electronic trading sales for Wells Fargo — to oversee business development in the US and throughout Asia Pacific.

Eliades told Blockworks that the influence of cryptocurrency across “traditional media, sports, sponsorship [and] gaming” has become “increasingly evident.” The growing influence of digital assets in traditional spheres “by extension woke [Eliades] to the possibility of exploring something new and innovative,” he said.

The executive’s focus on crypto stemmed from investing personal capital in a bid to “learn more about the benefits of digital markets and their pain points.”

Eliades was a vice president at Lehman Brothers in 2001, before becoming a managing director at Bear Stearns & Co. about four years later. He went on to work for JPMorgan as head of Americas trading before joining Wells Fargo, and now looks to make a splash in crypto. Open / Comment

2022-08-21 14:00:06 ​​ Most of Ethereum's active nodes are in the hands of three major cloud solution providers

According to analytics company Messari, most of Ethereum's active nodes are in the hands of centralized web providers such as Amazon Web Services (AWS), which can "affect Ethereum through central nodes."

The three main cloud providers account for 69% of the hosted nodes on Ethereum's core network, with Amazon Web Services (AWS) accounting for over 50%, Hetzner for over 15% and OVH for 4.1%.

Ethernodes figures show that Oracle (4.1%), Alibaba (3.9%) and Google (3.5%) also provide web hosting services on Ethereum.

In its December 2020 report, Messari pointed out that the high cost of node infrastructure could make Ethereum vulnerable.

Now the analytics company is concerned about the situation around Solana. According to Messari, 72% of Solana's core nodes are in the hands of the same centralized web providers as Ethereum nodes.

According to Ethernode, the nodes are most geographically concentrated in the U.S. (46.4%) and Germany (13.4%), accounting for nearly 60% of distributed Ethereum nodes worldwide.

Thus, government intervention in one of these two countries could seriously impact Ethereum decentralization. Open / Comment

2022-08-19 19:30:00 ​El Salvador Treasury Minister States Ukraine-Russia Conflict Disrupted Bitcoin Prices, Volcano Bonds Still on Hold

Alejandro Zelaya, Treasury minister of El Salvador, explained that the conflict happening currently between Ukraine and Russia has influenced the price of bitcoin on international markets, disrupting it. Due to this disruption, Zelaya also stated that it was not feasible to issue the volcano bonds yet, which are to finance the construction of the Bitcoin City announced last year by President Nayib Bukele.

Military conflict and geopolitical unrest might be affecting the performance of the price of bitcoin in the cryptocurrency market. This is the opinion of Alejandro Zelaya, the minister of the Treasury of El Salvador, who connected these variables to delays the launch of the volcano bonds is experiencing.

In an interview on a local television network, Zelaya explained that he believes investors might have diverted some of their funds to other industries during the Russia-Ukraine conflict. He stated:

With the arrival of the conflict between Russia and Ukraine, many investments in crypto became investments in companies related to the arms industry. There were transfers of investments to the pharmaceutical industry and in other cases, these went to companies that manufacture agricultural supplies.

Furthermore, Zelaya explained that, due to this disruption in prices caused by the aforementioned conflict, it is not the time to issue El Salvador’s volcano bonds. These bonds, which will be used to finance part of the Bitcoin City, projected to use only geothermal energy to power its operations, were previously set to be launched during the first three months of the current year.

Zelaya called out experts that are criticizing the bitcoin purchases that the government of El Salvador has executed through its president, Nayib Bukele. Currently, El Salvador holds more than 2,500 BTC in its wallets, purchased at different prices, with Bukele announcing he had “bought the dip” several times.

Zelaya indicated that these bitcoins were not purchased to be sold and that there was no loss associated with the purchase without having exchanged them for other assets. He stated:

They always come out and say ‘they’ve lost,’ when we haven’t really sold the coin. If you don’t sell the coins, you keep them, you wait [until] the price goes up again. Open / Comment

2022-06-22 17:00:06 ​​Shiba Inu's SHIB Jumps Amid Speculative Frenzy, BONE Proposal

Shiba Inu’s native SHIB token rose by nearly half its value in the past week as crypto markets investors showed irrational exuberance amid a brief relief rally among majors.

SHIB rose to the $0.000011 mark on Wednesday morning from the $0.0000074 level last weekend, posting a maximum gain of nearly 48% for investors, as per CoinGecko data. A large part of the jump came Tuesday amid a relief rally in bitcoin and other major cryptocurrencies.

The tokens fell to the $0.0000094 level at the time of writing as traders took profits amid a slowdown among majors.

Price-charts suggest support at $0.0000082 and resistance at $0.000011 in case of a further bounce. However, SHIB is down 89% from its lifetime high, which was reached in October last year. The token has a market capitalization of over $5.5 billion at press time.

Analysts said speculative frenzy drove SHIB prices instead of it being a strong, fundamental-driven move.

“Recency bias suggests to investors that a bottom has been formed with Bitcoin and Ethereum this past weekend and that the market may be poised for a short-term recovery,” said Edson Ayllon, product manager at dHEDGE, told CoinDesk in a Telegram message. “This kind of sentiment brings back confidence in speculators, which, because of the absence of utility, SHIB attracts speculation,” Ayllon added.

Kate Kurbanova, the co-founder of risk management platform Apostro, seconded the sentiment. “The reasons for Shiba Inu’s latest growth are somewhat hard to explain and come with no observable link,” she said.

“While retail investors might have been accumulating the token on optimism that Musk’s erratic tweet in the not-too-distant future will stir the growth of the digital asset, thus translating to gains in the long run,” Kurbanova stated.

Tesla (TSLA) CEO Elon Musk is an infamous dogecoin (DOGE) proponent and reiterated his liking for the memecoin earlier this week. “I keep supporting dogecoin,” he said, as reported, adding the was continuing to buy the token.

Some of this week’s gains on SHIB came as developers behind the prominent memecoin ecosystem released a proposal last Sunday that suggested changes to how ecosystem token BONE was used on the ShibaSwap platform.

BONE, a governance token and the main token emitted as yield rewards, would be used as fees to perform an action on the upcoming Shibarium protocol, a layer 2 protocol atop Shiba Inu that would support native app deployment and development.

Meanwhile, Ripple founder Brad Garlinghouse put the speculative nature of memecoins like DOGE and SHIB in focus during an appearance at the Point Zero Forum in Switzerland on Wednesday.

"I have publicly said I think the vast majority of tokens will go away over a period of time, because I can't figure out the utility," Garlinghouse said. "There's some that were created a little bit as a circus rhetorical sarcastic. Dogecoin is a clear example of it was never designed with utility. The founders have left the project. It moves based on the tweets of Elon Musk."

"This is purely speculative. I don't think that's healthy for the crypto market," Garlinghouse added. Open / Comment

2022-06-21 22:15:00 TDX continues to excel!
It is now listed in the TOP 3 MOST VIEWED at CoinMarketCap!
The hype is real! Get on it!

BUY TDX:
Tidex
Pancakeswap
Uniswap
Waves Exchange Open / Comment

2022-06-20 16:00:04 ​​Russia Develops Blockchain System to Replace Swift

Russia seems to be getting around the Swift ban using blockchain tech.

Russia’s Rostec Group is a government organization that includes a number of technology companies. They have announced they have developed a blockchain platform to launch a digital system for international payments capable of replacing the global Swift system.

Russian banks were excluded from the SWIFT system last February thanks to sanctions imposed by Western countries in response to the Russian-Ukrainian war. Since then, Moscow has been trying to search for an alternative financial payment system to SWIFT in order to protect its foreign trade transactions.

The digital system of international payments will allow Russia to pay for its imports in its national currency, the Ruble, instead of the dollar. According to the Rostec group, the new system will also enable foreign countries to pay for their imports from Russia in their national currencies as well.

Blockchain and cryptocurrency storage
Rostec’s statement said that the blockchain platform on which the international payments system was developed, called CELLS, was developed by the Novosibirsk Institute of Software Systems (NIPS), which is in turn affiliated with the Rostec Group.

The platform is designed to be able to provide an integrated system based on distributed ledger technology.

According to the Russian group, the platform includes among its central elements a digital system for making payments in the national currencies of the countries associated with it.

The company asserts that its new system “could provide a real alternative to the international payment services provided by the SWIFT system,” from which Russian banks have been isolated under Western sanctions.

In addition to the international payments service, the CELLS platform provides its users with the ability to create wallets to store digital currencies, according to the statement. Open / Comment

2022-06-19 18:00:04 ​​No, USDD Is Not De-pegged Below $0.97, Tron DAO Insists

TronDAO shared brief a Q&A on the status of reserves backing USDD and further plans for activities necessary to keep its liquidity ecosystem healthy.

Such fluctuations are inevitable due to market volatility, as USDD is a decentralized stablecoin that is not backed by a banking mint and redemption balances. As such, a market volatility rate around 3% is acceptable for this product.

After recent injections, USDD becomes virtually the most over-collateralized decentralized stablecoin in the Web3 segment. Currently, it is backed by a liquidity pool of 1,080,000,000 USDC; 10,874,566,176 TRX; 14,040.6 BTC and 140,013,886 USDT.

As such, the USDD collateralization rate is over 320%, as covered by U.Today previously. At the same time, some USDD and TRX positions were liquidated amid volatility spikes.

Collaborations with CEXes and DEXes are in sight
Today, June 18, 2022, the price of USDD jumped to $0.98 before plunging again below $0.965. TronDAO stresses that, despite such fluctuations, TRON DAO Reserve has a "very healthy" balance sheet.

USDD pools on Sunio DeFi protocol have over $200 million in liquidity, which is more than sufficient for its normal operations.

As such, TronDAO is going to score new partnerships with both centralized and decentralized cryptocurrency trading services, its team says. Open / Comment

2022-06-17 19:00:05 ​​BlackRock’s Blazier says the investment giant is ‘not buying the dip’

2022 has been marked by significant declines in the value of U.S. stocks, the likes of which have not been seen since the 1960s.

Meanwhile, the investment management juggernaut BlackRock (NYSE: BLK) suggests that traders and investors avoid buying the dip and instead wait it out.

According to Alex Brazier, the company’s deputy head, who spoke with Bloomberg Markets on June 17, BlackRock remains neutral on stocks over the next six to twelve months, as the S&P 500 and Nasdaq continue to rack up losses and the Treasury yields are rising.

“We are not buying this dip because it’s not a dip; it’s actually driven by a shift in the fundamentals of the equity market. We’ve got a higher rate path we’ve got now a rising probability of recession in the U.S., a very high likelihood of a recession in Europe at the same time, and as a result, equities don’t look cheap to us.”

Micro bullish but macro bearish
Furthermore, margins in the U.S. are at an all-time high, which puts pressure on wages and buying power of the consumers, so expectations of increasing wages are driving analysts to believe that profit margins for companies will be eroded with such an increase. Speaking on this issue, Brazier sees an out for the U.S.:

“Things that that’s going to help the U.S. to sort out its macro position is actually something that’s kind of macro bullish but micro bearish.”

Speaking on investment opportunities under these market conditions, the BlackRock deputy said that now is not necessarily a time to be in cash but rather eye the energy markets and commodities, which may be in short supply.

“This isn’t the market where you come out necessarily into cash, but it’s a market where we’re more cautious. We’re looking for signs particularly from the Federal Reserve over time that it is acknowledging the impact it’s having on growth.” Open / Comment