Cryptovalue is a type of digital currency, creation and control of which are based on cryptographic methods. Usually, cryptocurrency accounting decentralized. The operation of these systems is based on technologies such as blockchain, directed acyclic graph, Consensus registry (ledger) etc.
Chicago Mercantile Exchange (CME) Reported, that starting with 6 December, its clients will be able to work with micro-futures on Ethereum. The innovation will give investors the opportunity to conduct transactions for much smaller amounts., than with the current Ethereum futures Ethereum futures were launched on CME this February.
According to The Block Research, in 2021 year, the total amount of funds stolen as a result of attacks on DeFi projects amounted to $680 million DeFi protocols lost due to exploits and bugs $1,4 billion, but $760 million were returned. During the year, there was 70 DeFi exploits on four blockchain platforms.
During the day, the Polkadot course (DOT) has grown by more than 16% and passed the mark in $50. The previous record was recorded in May and was $49,35, and now he is at the level $50,87 On the eve of the launch of parachain auctions, the Polkadot price has reached a new all-time high In October, the network developer Parity Technologies announced the imminent launch of parachains, which are full-fledged blockchains, embedded in the Polkadot network for security and transaction verification purposes. As a matter of fact, Polkadot wants to be a zero-level protocol or a kind of blockchain for blockchains, thereby making networks interoperable. Developers can start registering parachains 5 November provided, that the community will confirm the council's decision. For that, to place a bid at the auction for the purchase of a slot, and also for their creation, developers need DOT coins. Besides, holders can use DOT as governance token for voting. After the announcement 13 October about the imminent launch of parachains, the demand for DOT increased, and also increased the trading volumes of the asset. However, from that moment until recently, the DOT rate ranged from $40 to $45. Since May, the parachains have been available on the Kusama network and in the same month the KSM rate set a historical maximum at the level $621,71. Now the asset has grown by almost 10%, однако курс KSM …
Last week, the rate of inflow of funds to cryptocurrency funds slowed down, failing to maintain hype after debut of first US Bitcoin futures ETF According to CoinShares report, during the last week entered investment products based on digital assets $288 million, which is much lower than the record indicators of the previous week in the amount of $1,47 billion. Since the beginning of the year, the inflow of funds into crypto funds has grown to $8,7 billion. Same as last week, the lion's share of new investments fell on BTC funds – about $269 million. The decrease in the rate of inflow of funds coincided with the market pause: 20 October, the BTC rate reached an all-time high, but then there was a slight correction. US Bitcoin ETFs Slow Down Amid Decrease In Hype After Initial Launch: in a week they managed to attract only $53 million. ProShares' first Bitcoin futures ETF begins trading on the New York Stock Exchange 19 October under the ticker BITO. He was able to quickly attract more $1 billion. Last week, funds working with Ethereum managed to break the three-week negative trend and attract $16,6 million. Since the beginning of the year, ETH funds have attracted $1,06 billion, losing only to BTC funds, Gathered $6,37 billion. Other altcoins have continued to be popular as well.: Solana-focused funds raised $15 million, Cardano funds – $5 million and Polkadot funds – $6,2 million.
After that, how the creators of the cryptocurrency project inspired by the popular Netflix show "Squid Game" left the project, SQUID token price dropped to almost zero Last week the Squid Game project instantly gained popularity, and the SQUID token for 3 days grew by more than 35 000%, although cautious investors initially pointed out grammatical and spelling errors in the white paper, and the site itself was registered less than a month ago. Now the official website of the project and its Medium account are not working, and Twitter temporarily restricted the Squid Game account, motivating this with an unusual activity in him. Many users say, that the developers of the SQUID token ran away with investors' money. According to BscScan, flagged as a fraudulent address got rid of SQUID tokens and acquired BNB for millions of dollars: https://bscscan.com/address/0x34400280a169f4685193926a513618cf7fe7f0aa During the day, the SQUID rate fell to 99,99% to $0,002541, and trading volumes increased by 130%, which indicates tremendous pressure from sellers. The token is available for trading only on the decentralized platforms PancakeSwap and DODO (based on Binance Smart Chain). The official Telegram channel of the project reports, that the creators do not want to work further due to the stress of working with scammers: “Someone wants to hack our project. Developers are reluctant to work further due to stress and scammers. We will have to remove all restrictions on Squid Game transaction rules. Project …
The SQUID token created on the basis of the popular show turned out to be a scam Read more
Analyst firm Glassnode said, what from the beginning 2020 the supply of BTC on cryptocurrency exchanges has been steadily declining, that is, users are rapidly withdrawing the asset According to the company, during 20 months from cryptocurrency exchanges were withdrawn 617 000 BTC, which is equivalent to the sum $37,97 billion. BTC balance on exchanges decreased from 3,09 million BTC (about $190 billion) as of february 2020 year to 2,47 million BTC (about $152 billion) as of October 2021 of the year. Less, than in two years, the volumes on the sites decreased by 20%. “BTC balance on exchanges continues to decline and has reached 2,47 million BTC, which has not been observed since August 2018 of the year. From february 2020 years, the average monthly churn is 30 850 BTC per month ", - the company informs. Separate attention is paid to this indicator, how to change the net position of BTC on exchanges, tracking the 30-day change in BTC volumes in wallets of cryptocurrency exchanges. According to Glassnode, during 2021 the outflow of funds was steady (the exception was May, June and July): “The current outflow is about 22 000 BTC ($1,35 billion) per month or 71% from the average since February 2020 года» Еще один важный показатель – asset volumes of long-term holders (keep BTC motionless for at least 5 Months). According to Glassnode, for the latest 7 …
Crypto Strategist Smart Contracter Expects New Highs For Dogecoin (DOGE) и Binance Coin (BNB) In his opinion, we should expect a sharp rise in the Dogecoin rate to $1, that is, it is possible to predict a potential increase of more 270% from current levels.
Famous cryptocurrency trader Pentoshi thinks, that Ethereum is ready for a crazy rally, and also bullish on two popular altcoins He expects ETH to continue its meteoric rise, as the asset is ready to make a higher high: “ETH is on the verge of a market opening.
Renowned investor Raoul Pal thinks, that regulators are beginning to understand the value of cryptocurrencies and this could be the reason for a profitable compromise for the industry The CEO of Real Vision noted, that regulators are trying to apply ordinary securities laws to the complex and newly emerging crypto sector: “The traditional system tries to understand, how can these laws be applied. We saw this with the Bitcoin ETF example.. They are trying to use the current regulatory framework that is not suitable for this.. The easiest way out would be to apply the most rigid option.: everyone goes to jail and it's all illegal. ”But Pal noted, that regulators are beginning to understand the volume of the cryptocurrency market, therefore, there may be laws specifically designed to manage digital assets: “Regulators quickly realized, what amounts are behind the cryptocurrency market and how many young people (and therefore potential votes) they are interested in. I guess, that a grand compromise awaits us and it will not be a securities law, and there will be new laws on digital assets. ”According to Pal, It may still take a significant amount of time for the United States to, to sort it out: "I expect, that there will be a lot of noise and threats, but this is just a negotiation tactic, because everyone wants to bend their own line. I guess, that within 3 years a grandiose compromise will be reached. So don't expect, that everything will pass quickly "
Well-known cryptocurrency analyst Mikael Van de Poppe named the main support and resistance levels for the BTC rate and is confident, that the asset is moving to a level $90 000 but, analyst warns, that Bitcoin may undergo a correction in the range between $57 623 And $59 016. Besides, for further growth, bitcoin needs to restore the resistance level $67,994,58. According to the analyst, to the beginning 2022 BTC rate should jump to $74 770,75 and the asset will remain in an uptrend until reaching a mark of $92 217. The cryptocurrency industry has undergone important changes since reaching the level $2,5 Trillion. Bitcoin should drive the market and re-test the bottom quickly, before starting a new round of growth. Furthermore, increasing interest in the asset could further push the exchange rate growth during the rest of the quarter. Previously, the upward movement of bitcoin was closely associated with the growth of user activity on the network.. Now, when there is a record surge in activity on the bitcoin network, BTC can be expected to grow rapidly to new heights.