InCoin Eng (crypto news)

2022-01-23 15:27:01 El Salvador buys 410 bitcoins as BTC falls to its lowest level

El Salvador's President Nayib Bukele tweeted Friday that his country just bought 410 BTC for $15 million. After paying about $36,585 for the coin, Bukele wrote, "Some guys are selling very cheaply."

In the same tweet, Buchele also said he didn't miss the drop after all. "No, I was wrong, I didn't miss it," the Salvadoran president wrote in response to his Jan. 14 tweet, which read, "I think I might have missed the drop this time."

The price of bitcoin began a sharp decline in early November last year, surpassing $67,000, according to Bitcoin.com Markets. BTC started the year at $47,000, but fell below $41,000 on Jan. 8. The cryptocurrency then slowly crept upward and moved sideways until January 20, when it fell sharply. At the time of writing, the price of BTC was $35,713.02. Open / Comment

2022-01-23 13:35:05 Can any USDT owner be blacklisted by Tether?

Tether Technical Director Paolo Ardoino talked about the positive functions of the blacklisting mechanism. The company puts wallet addresses on it to block the balance of USDT tokens, which it can then reissue, for example, in order to compensate startups for losses from hacker attacks.

A number of addresses are blocked permanently, at the request of law enforcement, in which case Tether can transfer the equivalent in fiat dollars to the DOJ account, subject to a court order to confiscate the deposit.

This week, a $160 million deposit wallet was blacklisted.

However, according to Paolo Ardoino, users can also blacklist wallet addresses. For example, if they mistakenly transferred a deposit to them.

Ardonio claims that the company returned $84 million in 7 years of operation in this way. Open / Comment

2022-01-23 11:24:01 Bitcoin updated price lows and dominance share highs

Bitcoin on Saturday continued updating annual lows, quotations of the main cryptocurrency twice fell below the level of $34.5 thousand during the day. In both cases, the bulls managed to organize a rebound, in the case of which development on the BTC chart may form a "double bottom", the signal of the reversal of the fall.

The current flow of Bitcoin purchases at the moment of a strong drop in the rate is associated with the reassessment of risks by crypto-investors, who are closing positions in altcoins, but plan to leave investments in digital assets.

They are shifting the released liquidity into BTC, increasing the dominance of the major cryptocurrency to new highs of 42%. Investors who continue to hold investments in tokens could see them depreciate by 90% or more, as happened with many digital assets during the 2018 cryptozyme. Open / Comment

2022-01-21 20:02:01 Bitcoin fell 10% in one day

Bitcoin has fallen nearly 10% in price since the start of the day. Since November, when it set a record of $69,000 per token, its price has fallen 45%. Bitcoin's record low on January 21 was $37,756. The cryptocurrency's value has already sagged to its lowest since September 2021.

Against this backdrop, altcoin prices are falling. Etherium, fell in price by 12.5%, to $2,784.

A day earlier, one of the major U.S. stock indexes, the S&P 500, fell noticeably by 1.1%, to 4,482.73 points. The other day, analyst firm Arcane Research reported that the correlation between bitcoin and the S&P 500 was the highest since October 2020. The NASDAQ high-tech exchange index was also down 1.3 percent.

Due to the U.S. Federal Reserve's tightening of monetary policy earlier this week, 10-year Treasury bond yields rose sharply, and the rate hike caused investors to abandon positions on risky assets. Open / Comment

2022-01-21 19:09:01 Twitter added NFT verification for profile avatars

Twitter has introduced a mechanism to verify non-swappable tokens (NFTs) used as user profile images.

Access to the service is available to users with an active Twitter Blue subscription. When selecting a profile image, it is necessary to specify "NFT", and then connect the Ethereum wallet to the account. The page will display a list of available NFTs. Avatars verified in this way have a special hexagonal shape.

Currently Coinbase Wallet, MetaMask, Rainbow, Argent, Trust and Ledger Live wallets are supported, and of the blockchains - only Ethereum, but the company noted that this is only the first version of the service and support for additional networks may appear in the future. The mechanism uses the API of the OpenSea NFT marketplace. For now, the option can only be found in the Twitter app for iOS. Open / Comment

2022-01-20 20:55:00 1inch Network integrates Avalanche and Gnosis Chain

DeFi-project 1inch Network has deployed liquidity aggregation protocols from decentralized exchanges and limit order transactions in Avalanche and Gnosis Chain (formerly xDai Chain) networks. Representatives from the team said.

"1inch's main goal is to offer users the best deals in the blockchain space. To achieve this goal, our protocols are constantly expanding to new networks, and the expansion to Avalanche and Gnosis Chain will give 1inch users more options in terms of cheap and fast transactions," said 1inch Network co-founder Sergey Kuntz.

1inch noted that Avalanche has seen marked growth recently. The volume of blocked funds (TVL) in DeFi applications on the platform exceeds $10.4 billion, according to DeFi Llama. At its peak in December 2021, the figure was as high as $13.79 billion. Open / Comment

2022-01-20 19:23:01 Crypto.com - $34 million stolen in BTC and ETH

On Thursday, Crypto.com released the number of users affected by the unauthorized cryptocurrency withdrawal that occurred on Jan. 17 and the stolen cryptocurrency. The company wrote:

The incident affected 483 Crypto.com users. The unauthorized withdrawals totaled 4,836.26 ETH, 443.93 BTC and about $66,200 in other currencies.

At the time of writing, the price of bitcoin was $42,083.95 and ether was $3,178.94, based on data from Bitcoin.com Markets. Thus, the value of the BTC and ETH stolen during the hack is more than $34 million.

Crypto.com CEO Chris Marszalek noted: It should be remembered that given the scale of the business, these numbers are not particularly significant, and customer funds were never at risk. Open / Comment

2022-01-19 20:05:09 Bitcoin gives bullish signals

Since January 8, bitcoin has been trading above the $41,500 area. Although BTC sank to a low of $39,650 on January 19, the price immediately rebounded and formed a very long bottom wick, which is considered a sign of buying pressure.

More importantly, the RSI and MACD indicators are showing strong bullish divergence signals (green lines). Such signals very often are harbingers of vigorous price increases.

After a brief bounce, bitcoin formed a slightly declining low on January 19. This was a test of strength as support for the $41,200 secondary area.

In addition, the price is moving along another downside resistance line (dotted line), which is visible on the shorter timeframes.

RSI index gives strong bullish divergence signals, also supporting BTC's chances of a bullish breakout.

In case a bullish move develops, the nearest resistance will meet the currency at $50,930 (Fibo level of 0.382 retracement and horizontal resistance). Open / Comment

2022-01-19 18:54:01 Nearly 180,000 Internet addresses are secretly mining cryptocurrency

Experts at Atlas VPN recorded 177,753 malicious mining addresses between October 2020 and September 2021.

In addition, almost 70% of all malicious URLs detected targeted the U.S. market. Germany and Russia were also among the top three countries targeted by the attackers.

Altogether Atlas VPN detected about 831,000 malicious addresses in the period specified above. According to experts, hidden web-mainers consume significant resources of central processors, which significantly affects the computer's performance. Atlas VPN noted that cybercriminals make money by covertly mining cryptocurrency on victims' devices. Open / Comment

2022-01-18 20:11:01 The digital yuan is ready for the 2022 Beijing Games

China will allow foreign visitors from around the world to use its digital yuan for the first time at next month's Winter Olympics, the People's Central Bank of China (PBoC) has confirmed.

The PBoC has been working on a full or partial release of the games since 2020, when it first announced its intentions. The ongoing COVID-19 pandemic has somewhat undermined the scope of that ambition, as foreign viewers have been barred from attending the event.

Nevertheless, dozens of athletes and coaches are expected to arrive in the coming days before the Feb. 4 opening ceremony, and they will be encouraged to use the token while they remain in the country.

Attendees will be able to download a smartphone app or use a "physical card"-probably a version of the "hardware wallet" card tested in the country during an earlier phase of the digital yuan pilot. Open / Comment