IceCoin

2023-02-07 16:36:11 A "golden cross" formed on the bitcoin rate chart

A well-known analyst of Cryptoquant under the pseudonym VentureFounder said that a "golden cross" figure was formed on the chart of the bitcoin (BTC) cryptocurrency rate. According to the expert, it happened for the first time since September 2021.

According to the specialist, a potential correction in a bearish scenario could lead to the fact that the rate of BTC will retest $20,000 and fall lower. But the specialist also noted that in alternative case, if bitcoin will overcome the price value at $25,000 and consolidate higher, it will become a fundamental support level. According to the analyst, "it is a nail in the coffin for the bears.

The strategist explained that when the moving average (MA) 50 crosses MA 200, a positive crossover, or "golden cross," appears on the price chart. There have been eight such patterns in bitcoin history. Three of them occurred in February 2012, October 2015, and May 2020 and heralded a 100% to 350% rise in BTC prices.

On the other hand, the leading cryptocurrency fell in value after "golden crosses" in July 2014, July 2015 and February 2020, which turned out to be bullish traps. VentureFounder noted that because moving averages are lagging indicators, most of the rise in quotations could have occurred before the crosses. Nevertheless, traders and experts view the golden cross as a sign of long-term growth in asset prices.

It is noted that in a day or two, BTC may make another cross of its weekly chart. If that happens, such a pattern is called the "death cross" - the opposite of the "golden cross" and indicates a bearish change in the long-term trend.

At the same time, experts said that much will depend on the policy of the Federal Reserve System (Fed), which is becoming less aggressive over time. According to experts, regardless of the technical analysis, this is a much more significant factor for the future movement of the cryptocurrency market. Open / Comment

2023-02-06 20:27:33 Top 6 cryptocurrencies in the meta universe for early February 2023

According to analytical services, in the first week of February 2023, six cryptocurrencies from the meta-universe sector added more than 70% in the past 7 days. This was an excellent result for short-term investors and long-term holders of virtual assets. Many of them recorded good profits in this timeframe.

The little-known virtual currency Revolve Games (RPG) became the absolute leader of the week. Its quotations grew by 140.85%. At the same time, the digital token lost 18.5% in the past 24 hours. It was traded at $0.06, while the total supply of coins amounted to only $2.39 million, with the volume of trades for the week amounting to $728.5 thousand.

Second place went to a cryptocurrency with more liquidity. The native token of the old project DeepBrain Chain (DBC) went up 91.16% during the reporting week. It rose in value by 44.4% in the past 24 hours alone. The cryptocurrency was available on the market at $0.0073, with a market capitalization of $23.61 million. Trading volumes for the week reached $5.41 million.

Defina Finance remained in third place on the top list. This virtual asset was trading at $0.034, which is 80.19% more expensive than seven days ago. The cryptocurrency's capitalization is $2.34 million. Traders secured $7.21 million in trades with FINA during the week.

In addition, Matrix AI Network (MAN) performed well. The rate of this token jumped by 76.65%. It traded at $0.045 with a capitalization of $9.78 million and transaction volumes totaling $7.26 million in the last 7 days.

Finally, two other cryptocurrency assets from the Metaverse sector went up very significantly. They were Monsta Infinite (MONI) and WEMIX (WEMIX). They were trading at $0.056 and $1.36. Thus, quotations of digital currencies grew by 80.3% and 70.4% respectively. Open / Comment

2023-02-05 16:01:50 Pantera Capital lost its investment director

Venture capital firm Pantera Capital lost its chief investment officer amid poor returns on bitcoin and ether investments

U.S. venture capital firm Pantera Capital has lost one of its investment directors, Joey Krug. That's what Bloomberg reports, citing a letter the firm sent out to a limited number of partners.

What exactly caused the departure remains officially unclear. At the time of writing, Pantera Capital has decided not to publicly comment on the reports about Krug's departure. The publication notes that this is the second top manager to leave Pantera Capital in the last couple of months. Earlier, Samir Shah, the firm's chief operating officer, left.

Krug left Pantera Capital amid rumors that the company was unhappy with the results of investments in bitcoin (BTC) and ether (ETH). Earlier, the media revealed that the firm would abandon BTC and ETH in its Liquid Token Fund and focus on altcoins. In 2022, the venture capital firm focused on ETH in order to avoid further drawdowns in market quotes. Now, however, Pantera Capital wants to return to altcoins, which may pay off more than ETH in the coming cycles. Which altcoins are in question is unclear, but for the Liquid Token Fund, the firm is investing in 15-25 liquid tokens.

Although the U.S. venture capital firm has changed its attitude toward traditional cryptocurrencies, it still believes in bitcoin's growth. For example, analysts at Pantera Capital believe bitcoin could rise to $148,636 after 2024 if the trend in bitcoin's post-halving percentage gains continues.

The next bitcoin halving is scheduled for April 20, 2024. It is expected that the cryptocurrency will be able to recover to at least $35,000 by then. If bitcoin can grow to the stated values, and the "post-halving growth" is 317% or more, then bitcoin will cross the $140,000 threshold, Pantera Capital believes. Open / Comment

2023-02-04 17:35:58 Buying some #RAD here! Open / Comment

2023-02-03 17:40:00 ​​ New eBay partnership connects fans with sports legends

Interactive virtual event platform Notable Live has partnered with e-commerce platform eBay to use NFT to engage fans with their favorite athletes, leagues and teams.

The major online marketplace's new partnership with the Notable Live platform marks eBay's next step in the digital collectibles space.

Our partnership is focused on providing quality new solutions that provide real fan interaction with athletes.

These solutions are based on authentic offerings that connect memories with memorable keepsakes and experiences," remarked Notable Live co-founder and CEO Mike Antonucci.

Tech startup Notable Live is the brainchild of Antonucci and NFL Hall of Fame member Emmitt Smith. Launched in 2018, Notable Live was originally a mobile app that allowed fans to interact with athletes.

Fans and collectors use eBay to pay tribute to their favorite players and teams, knowing that they can find authentic and one-of-a-kind memorabilia here that connects them to the past and future of sports," said Don Block, eBay vice president of Collectibles.

Exactly what kind of blockchain NFT Notable Live will be released on is not yet known.

Unlike NFTs sold on marketplaces such as OpenSea, transactions on eBay are not registered on the blockchain. Here, purchases will require fiat currencies, and a link to the digital asset is sent to the buyer after payment. Open / Comment

2023-01-31 15:12:05 ​​ CEO of the Blockchain Business Association sees Wall Street entering the crypto sector

Florida Blockchain Association CEO Gary Cordone is convinced that many monster corporations in New York are joining the cryptocurrency market.

In an interview with well-known youtuber Scott Melker, Cordone said that players from the traditional finance sector are seeing that crypto firms are spending a huge amount of intellectual resources on their operations.

As such, he advised young people to identify the most significant gaps and create solutions in the world of cryptocurrencies and DeFi to fill them.

The well-known investor stressed the importance of collaborating and networking with other entrepreneurs and developers to create projects that can benefit the DeFi industry.

Cordone believes that the next wave of success in the cryptocurrency and DeFi world will be supported by creative people looking to think outside the box and offer innovative solutions. Open / Comment

2023-01-30 15:26:54 ​MATIC Trader Turns $80K Into $4 Million as Polygon Ends Month Up 50%

While many cryptocurrencies have had a favorable run this month, Polygon’s native token appears poised to close out January as a notable standout.

MATIC is up 19% in the past week to $1.19, according to data from CoinGecko, lifting gains for the token to upwards of 50% in January. This comes as the value of Bitcoin and Ethereum have increased nearly 44% and 38% in the past 30 days, respectively.

At the time of writing, MATIC is the tenth-largest cryptocurrency by market capitalization, with a total value of $10.6 billion.

Decrypt’s 2022 Crypto Project of the Year: Polygon
Polygon is a sidechain that runs in tandem with Ethereum and seeks to improve on its counterpart by offering faster transactions and lower fees and serving as a platform for interoperable blockchains.

As the token undergoes a sustained rally, the pseudonymous Twitter account lookonchain pointed out one wallet address that achieved sizable returns with MATIC.

The Polygon whale received 4 million MATIC from cryptocurrency exchange Binance in September 2020 for around $84,000 or just over 2 cents per token. Two days ago, the wallet parted with its MATIC holdings for $5.2 million worth of stablecoins, according to Etherscan.

Even though the sale included more MATIC than the wallet’s initial purchase from Binance, the trader still saw a return of around 50 times the original price that it paid on the 4 million MATIC, worth around $4.5 million or $1.14 per token at the time of sale. Open / Comment

2023-01-29 17:21:37 ​​ California authorities are going to monitor transport using Tezos blockchain

Ajay Gupta said the DMV is already digitizing vehicles in test mode using the Tezos blockchain. In addition to the regulator and Tezos, software developer Oxhead Alpha is also participating in the project.

The DMV has approached Oxhead Alpha to create a "shadow registry" based on the Tezos network, with the intention of making the project something like a blockchain-based copy of an existing database. The launch of the new system should take place in the coming months.

The department has plans to release digital wallet-like applications designed to store and exchange NFT tokens on machines. The DMV will act as an intermediary to keep track of transactions.

Recall that the other day the U.S. authorities presented a roadmap for the regulation of cryptocurrencies. Open / Comment

2023-01-28 14:27:54 The #BTC did not change much from yesterday, and the price still tried to break out of the range. If the price breaks through this consolidation, we still have a pullback area just above $23,600. The weekend continues, so if price bounces back from here, this range will persist until the market opens on Monday. Open / Comment

2023-01-27 14:09:04 On January 23, Porsche released the NFT PORSCHΞ 911 series.

A total of 7,500 copies were produced at a price of 0.911 ETH. The community reacted badly. Only 1242 NFTs have been sold so far and the minimum price on OpenSea has dropped to 0.87 ETH. Open / Comment