Gimme The Coin

2021-02-08 20:23:16 Open / Comment

2021-02-08 08:52:10 Join PriceAction Forex channel and be a part of the 300k+ community of lucky traders to get daily FREE Forex, Crypto and Indices Signals from expert traders!!

Trade Like the Banks With Minimum Drawdown, Maximum Returns. All Sniper Entries.

JOIN NOW for Free!
https://t.me/priceactionforexltd
https://t.me/priceactionforexltd

Check Our Website!
https://priceactionltd.com/
https://priceactionltd.com/ Open / Comment

2021-02-07 16:00:13 ​​Bitcoin Returns Above USD 40,000 In Less Than A Month

The most popular cryptocurrency, bitcoin (BTC), rallied on Saturday, moving back above the USD 40,000 level for the first time in almost a month.

At the time of writing (14:38 UTC), BTC trades at USD 40,420 and is up by 6% in a day, increasing its weekly gains to 18%. BTC reached its all-time high of USD 41,940 on January 8th, per Coingecko.com data.

At the same time, other major cryptoassets are showing mixed results. After its recent rally to its new all-time high of USD 1,754 reached yesterday, ethereum (ETH) is down by 1% in a day, trading at USD 1,694. However it outperformed BTC in a week, increasing by 22%. Binance coin (BNB) is the best performer today as its price rallied by 25%, and jumped 73% in a week.

"Bitcoin and ethereum inflows to exchanges have declined slightly, with 7 day average inflows below the 30 day average, reducing sell pressure. Trade intensity has also declined slightly, which typically suggests buy pressure is reducing. However, for bitcoin at least, it is still high relative to the past," Philip Gradwell, Chief Economist at Chainalysis, wrote in his weekly report on Friday.

According to him, people cashing out after making a 25% or more USD gain has also declined since the large increase in the first week of January, suggesting people continue to hold despite their potential gains, now that some profit was taken following the price gains over the holiday period. Open / Comment

2021-02-06 12:53:29 ​​DeFi project 1inch allows its users to get Quadro profit!

As soon as Bitcoin made a splash, the Decentralized finance segment of the cryptocurrency again became the main newsmaker. After a sharp rise in the summer of 2020, investments in this area continue to grow. And now it has become known that the market capitalization of DeFi has surpassed the capitalization of XRP. Today this figure is $32.48B billion.

Meanwhile, the top DeFi project 1inch launched ‘quadro farming’ program. Why ‘quadro’? Cause it offers users as many as four ways to collect rewards from a stETH-LDO pool. Users that provide liquidity to the pool will be rewarded in 1) 1INCH tokens 2) portion of pool swap fees 3) stETH tokens 4) LDO tokens.

The program started on February 2, midnight, and will run for 4 weeks. 0.02% (300k) of the 1INCH token total supply will be distributed as rewards among the participants.

Also, 1inch has updated its liquidity protocol to version 1.1 and they have already proofed that it is super-efficient for bootstrapping newly issued tokens as it is for established coins, by launching the liquidity program around the ETH-OPIUM pool.

“I see a massive potential in yield farming programs of this kind, as our liquidity protocol is well suited for bootstrapping the liquidity of new tokens in DeFi,” says Sergej Kunz, 1inch co-founder and CEO.

“As a result, tokens can benefit from our liquidity protocol as their price becomes more stable, facilitating successful development of the related projects,” he adds.

To cut a long story short, taking part in 1inch farming program is, probably, the best way to make a profit by doing practically nothing. Providing liquidity to at least two pools, which are stETH-LDO and stETH-LDO feels like a necessity. Open / Comment

2021-02-05 16:05:00 3c.exchange is an easier way to trade

Trading bots and signals by market professionals

Official BINANCE partner

Ready-to-use trading strategies

3c.exchange team support

Up to 2 BTC per day withdrawal without KYC

Reliable trading terminal with intuitively simple interface

Fast and simple registration by e-mail only, try it now! Open / Comment

2021-02-05 16:01:00 ​​Yearn's YFI Drops Following a USD 11M-Heavy Exploit

Decentralized finance (DeFi) protocol yearn.finance's YFI dropped more than USD 4,000 after one of its DAI lending pools was drained of USD 11m in an exploit.

Yearn's YFI governance token saw an abrupt USD 4,190 drop last night. Though the price has increased somewhat, it's still lower than yesterday's levels. YFI is currently (8:55 UTC) trading at USD 32,634. It dropped 2.4% in the last 24 hours, while it's still green in a week, appreciating nearly 10%.

Following the attack, UniWhales DAO account started reporting large sales of YFI for ETH.

According to DeFi Pulse, Yearn's total value locked saw a 3.5% drop since yesterday - from USD 507.8m to the current USD 490.5m.

"We have noticed the v1 yDAI vault has suffered an exploit. The exploit has been mitigated. Full report to follow," wrote yearn.finance in their tweet last night.

Per a post from Yearn's core developer, banteg, the attacker took USD 2.8m, while the vault lost USD 11m

Some commenters think they may have identified the Ethereum (ETH) address in question, per which the vault was drained by using an AAVE flash loan.

Aave founder and CEO Stani Kulechov described this as a "complex exploit with over 160 nested transactions transactions and 8,6 mm gas used (around 75% of the block) resulted to 2.7 mm USD loss."

Furthermore, according to investor Julien Thevenard, liquidity providers on lending platform Curve Finance received over 3m of the stolen funds.

While Curve Finance didn't comment on that, they said the Yearn team's reaction to the incident was "impressive."
At the time of the writing Friday morning, no further updates have been provided from Yearn Finance.

This is far from the only exploit targeting DeFi platforms in the past year. Just recently, an exploit has been reportedly discovered on DeFi protocol yCredit launched by Yearn Finance Founder Andre Cronje. He did, however, warn that yCredit is experimental and can be "economically exploited."

And millions were lost in multiple attacks last year, such as those on Value DeFi, bzx, Balancer, Akropolis, Harvest Finance, and others.

Meanwhile, CipherTrace, a crypto intelligence firm, recently said that DeFi-related crime is on the rise, and claimed that fraud still accounted for a whopping 73% of all crypto crime.

At the end of last year, industry insiders predicted that attacks on DeFi platforms and protocols — particularly new ones — will rise in 2021. Open / Comment

2021-02-04 20:01:24 Ripple Partner SBI Holdings Launches XRP Lending

https://coingape.com/ripple-partner-sbi-holdings-launches-xrp-lending/

For more updates: https://twitter.com/CoinGapeMedia Open / Comment

2021-02-03 16:00:15 ​​XRP Pumpers Hope For More Action; Cardano's Hoskinson Warns of Pump&Dumps

It seems like XRP pumpers are hoping for additional upwards action, while Cardano (ADA) founder Charles Hoskinson, chimed in on the rising pump and dump issue across the crypto space, warning that those joining these scams will end up losing a lot of money.

The most recent update by the aptly named Telegram group 't.me/pumpxrpofficial' formed five days prior, states that "after yesterday’s downside, XRP has created a beautiful rounding bottom and looks like it’s ready for more upside at the moment."

Also, a statement was released on behalf of the Buy and Hold XRP Telegram group administration, it said, as a response to the events of February 1 - the day of the international 'buy and hold' event - and the "misinformation circulating" online. "Due to the overwhelming global spike in demand for XRP, many key exchanges had experienced system bottlenecks," they said, adding: "We are unsure if the actions of the international community caused a direct increase in the price of XRP."

As reported yesterday, XRP price rallied, doubling in just two days before taking a dive. The event was the result of coordinated pumping campaigns on platforms such as Reddit and Telegram, including the almost 100,000-strong t.me/pumpxrpofficial, which were working on repeating the dogecoin (DOGE) rally.

And now, the admins of the infamous Telegram group claim they "look towards building an international governance model with the goal of bringing value and talent to the XRP Ledger. We look forward to working in concert with existing infrastructure to see this through."

All this comes after XRP had crashed due to a regulatory crackdown in the US, which was followed by a number of exchanges suspending or delisting the coin. The purge doesn't seem to be over, apparently fuelled by the latest pump and dump activity, as PrimeXBT decided to remove XRP trading pairs and delist XRP on February 10. Also, Japanese exchange Coincheck briefly halted XRP sales "in consideration of the transaction status" with XRP-affiliated blockchain company Ripple.

Unexpectedly, saved by a massive pump in the last days of January, XRP came out as the best performer among the top 10 coins by market capitalization in January. At 12:56 UTC on Tuesday, it's trading at USD 0.385. It dropped 35% in a day and increased almost 45% in a week. Open / Comment

2021-02-01 16:00:40 ​​Elon Musk Sees 'Broad Acceptance' For Bitcoin

Bitcoin (BTC) is on the verge of getting a broad acceptance by the "conventional finance people," the world's richest person, Tesla's Elon Musk said during an interview on Clubhouse, an invitation-only audio-chat social networking app, today.

Musk said he must be careful when talking about cryptocurrencies because his words could move the market. He also added that he doesn't have "strong opinions on other cryptocurrencies."

At pixel time (07:22 UTC), BTC trades at USD 33,561 and is unchanged in a day.

As reported, this past Friday, Musk added "#Bitcoin" to his profile on Twitter, later commenting: “In retrospect, it was inevitable”. Following the news, BTC rallied to more than USD 38,400, before it corrected below USD 33,000 again.



Open / Comment

2021-01-30 16:00:35 ​​Visa Wants to Work with Exchanges, Wallets on ‘Digital Gold’ Bitcoin

The CEO of payments giant Visa has stated that the firm wants to “work with wallets and exchanges” on handling crypto, in order to make its own card solutions interoperable with digital tokens – and has called bitcoin (BTC) and other “cryptocurrencies” “digital gold.”

The remarks were made by Visa supremo Alfred Kelly in a earnings call yesterday. During his talk, Kelly spent a significant amount of time discussing crypto. After differentiating a divide between “cryptocurrencies that represent new assets such as bitcoin” and “digital currencies and stablecoins” backed by fiat holdings, he stated,

“We see all cryptocurrencies as digital gold. They are predominantly held as assets that are not used as a form of payment in a significant way at this point. Our strategy here is to work with wallets and exchanges to enable users to purchase these currencies using their Visa credentials or to cash out onto our Visa credential to make fiat purchases.”

The Visa chief appeared to be keen to leave the door open for all crypto projects that show promise, pledging that should “a specific digital currency become a recognized means of exchange, there’s no reason why we cannot add it to our network, which already supports over 160 currencies.”

And Kelly appeared ready to court the custom of stablecoin issuers – as well as digital currency-issuing central banks. He said,

“For ... stablecoins and central bank digital currencies, these are an emerging payments innovation that could have the potential to be used for global commerce, much like any other fiat currency. We think of digital currencies running on public blockchains as additional networks … we see them as part of our network of networks strategy. … We are the clear leader in this space.”

Kelly was also keen to point out that it already has 35 partnership deals in place with what he termed “leading digital currency platforms and wallets,” with name-checks for Crypto.com, BlockFi, Fold and BitPanda, and was eager to add,

“The next leading network has a fraction of that.”

BTC trades at US 32,677 (08:46 UTC) and is up by 4.6% in a day and 5% in a week. It jumped by 19% in a month and 250% in a year. Open / Comment