CRYPTOGALACTIC

2023-07-12 12:48:00 SOL reached another target, printed +32% profit!

We didn't buy more Solana after the $19.25 resistance breakout since the market looks weak overall. Holding a small part now. Open / Comment

2023-07-11 14:21:00 Bitcoin Whales Make Massive Accumulation of 71,000 BTC, Signaling High Confidence in the Cryptocurrency. Open / Comment

2023-07-10 13:46:00 Belarus Looks to Ban P2P Crypto Trading

Belarus is set to ban peer-to-peer (P2P) crypto “exchanges” – in a blow to traders operating in the country.

In a Telegram post from the Ministry of Internal Affairs, government officials said they were “preparing proposals for legislation” that would “prohibit the exchange of cryptocurrency between individuals in Belarus.”

The ministry said that it wants to “legally prohibit transactions for the exchange of cryptocurrencies.”
Instead, it wants to force citizens to “conduct transactions only through the exchanges in Minsk’s High-Tech Park.”

The park was launched half a decade ago, and was masterminded by the central government in a bid to turn Minsk into a regional crypto hub. The ministry said it wanted elements of “transparency and control” to be present in crypto transactions conducted in the country.

Alexander Ringevich, the Deputy Head of the Main Directorate of Internal Affairs at the Belarusian Ministry of Internal Affairs, said:
“Using a similar system to that which we use for exchanging foreign currencies will make it impossible to withdraw money obtained by criminal means using crypto.” Open / Comment

2023-07-08 11:59:02 LTC has also reached 4 targets, printed +31% profit.

Tend to believe that this is only a beginning, we still have a ~month before the halving happens.

As long as Bitcoin keeps going sideways, Litecoin will keep growing. Open / Comment

2023-07-07 13:45:06 RippleX Announces Important Milestone: Details

RippleX, the team charged with the support and development of the XRP Ledger (XRPL), has announced a significant milestone.

After announcing the new XRPL Accelerator three months ago, the program has now officially kicked off with the first cohort of projects and start-ups.

In April, RippleX unveiled the XRPL Accelerator program, a 12-week initiative dedicated to supporting and empowering builders on the XRP Ledger (XRPL). It made a call for applications, urging different projects to apply.

According to a blog post, nine innovative projects were picked to participate in the inaugural cohort of the 12-week program after a rigorous selection procedure.

Elaborating on the initiative, the XRPL Accelerator is intended to assist entrepreneurs in building their businesses on the XRP Ledger (XRPL) scale and succeeding. As part of the initiative, selected projects receive a $50,000 program grant, important insights from industry-leading mentors, the ability to interact with investors and possible partners, and more.

Early-stage teams will be supplied with essential skills, resources and benefits through the program, allowing them to accelerate their efforts to deliver utility and value.

The XRPL accelerator is primarily a virtual program with an on-site demo component. According to a previous announcement, the first cohort's demo day will be held in New York City on Aug. 21–25. Open / Comment

2023-07-06 11:20:10 Earnings from NFT royalties hits two-year low: Nansen

Earnings from NFT royalties hit their lowest volume since 2021, according to crypto data firm Nansen.

"OpenSea had been the dominant platform for distributing royalties to NFT projects until February 2023," Nansen stated in a new report on NFT royalties. It added that the landshape shifted when Blur introduced requirements for royalties and OpenSea adapted its policies.

NFT royalty data since September 2018. Image: Nansen

"Currently, OpenSea and Blur are on par with each other when it comes to the royalties paid through their respective marketplaces, with more royalties paid on Blur when the trading volume surges," it noted.

While NFT earnings have declined, some top projects have still earned a lot from them. Bored Ape Yacht Club (BAYC) has seen a total of 22,288 ETH ($42.2 million) in all-time royalties, per Nansen data. Azuki, which has been under a lot of controversy recently, has recorded 17,362 ETH ($33 million) in all-time royalties.

BAYC NFTs reached its lowest floor price in over a year this week. The minimum cost of this blue-chip NFT hit a low of 27.03 ETH (around $51,500) before rising to 29 ETH as of publication, The Block's data shows. The price of other popular NFT projects fell as well, with CryptoPunks hitting a 41 ETH ($78,000) minimum cost and Azuki plummeting to a 8 ETH ($15,000) floor price.

In 2022, NFT creators earned $1.8 billion in royalties, with the top 10 projects netting $489 million in residual earnings. Open / Comment

2023-07-05 11:34:01 BTC UPDATE

The price keeps consolidating above the $30,000 support level. The market doing its best to shake out all the holders by spreading FUD and making scary red candles.

Make sure not to be intimidated by the evil powers. Hold and be calm. Open / Comment

2023-07-04 14:53:01 Institutional Investors Increasingly Accumulating Bitcoin Shows Strong Interest in the Digital Asset. Open / Comment

2023-07-03 12:57:00 Litecoin's Hash Rate Reaches New Milestone Ahead of Halving, Pushing LTC Towards $100. Open / Comment

2023-07-02 13:40:00 Biggest Movers: LTC, BCH Surge 20% Higher on Friday

Litecoin surged by as much as 20% in today’s session, as bulls took the token to its highest level since April. The move came prior to the latest consumer sentiment report from the U.S, which rose to a reading of 64.4. Bitcoin cash climbed to its highest point since April 2022.

Litecoin (LTC) rose above $100.00 for the first time since April, as traders seemingly remained bullish on the token following its recent listing on EDX markets.

Today’s move came as bulls were able to break out of a recent resistance level of $98.00, with the relative strength index (RSI) doing similar.

Should momentum continue, bulls will likely ease pressure closer to an upcoming level of 68.00.

Bitcoin cash (BCH) made significant gains for a second straight session, this time rising by over 20% to end the week. Open / Comment