Author: e_cash_top
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CryptoSlate Daily wMarket Update – Sept. 16 to Sept. 18
[ad_1] The total cryptocurrency market cap saw net outflows totaling $59 billion. As of press time, it stood at $903.51 billion, down 6% over the weekend. Bitcoin’s market cap fell 5.5% over the reporting period to $357.68 billion from $378.69 billion. Meanwhile, Ethereum’s market cap fell by 11%, dropping from $180.31 billion to $159.70 billion…
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Bitcoin traders willing to go long but sentiment remains firmly bearish
[ad_1] Since bottoming at $17,700 on June 18, Bitcoin has been trading within a relatively tight band, with $25,100 marking the upper limit of this channel. Although the past week or so saw BTC print six consecutive daily green closes, higher-than-expected CPI inflation data, released on September 13, ended the upward momentum. On that day,…
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August 2022 GameFi Report
[ad_1] While the number of new users entering GameFi has dropped precipitously, the average number of transactions per user is increasing steadily. Therefore, with the users in the market today more likely to be actively gaming, GameFi data from August can help us understand which projects and ecosystems are sustainable in the long run. Splinterlands…
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Cardano founder Charles Hoskinson calls Ethereum ‘Hotel California of Crypto’
[ad_1] Cardano (ADA) founder Charles Hoskinson has called Ethereum (ETH) the “Hotel California of Crypto” in response to a tweet that claimed that ETH staking withdrawals might be delayed beyond the Shanghai upgrade. The Hotel California song is about a prison where no one escapes from. Ethereum is becoming the Hotel California of Crypto https://t.co/oRUw4kxvfS…
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Bitcoin HODL waves show that this cycle is completely the same as all others
[ad_1] A look at a graph of Bitcoin’s (BTC) price performance in the past few months will show a see-saw chart, but with significantly more downs than up. While the current market cycle might seem different from previous ones, the HODL waves metric shows that it is not much different from previous cycles. The HODL…
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Vietnam leads global crypto adoption, U.S. comes fifth
[ad_1] On Sept. 14, Chainalysis released a report on Global Cryptocurrency Adoption for 2022. The research revealed that Vietnam has the highest crypto adoption, the Philippines and Ukraine follow as second and third, and the U.S. comes fifth in line. The report stated that the domination of emerging countries in the adoption index, which stood out…
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GrayScale Investment moves to sell all ETHPOW tokens
[ad_1] GrayScale Investment has announced plans to sell ETHPoW tokens it received from the PoW hard-fork following Ethereum’s transition to proof-of-stake (PoS). Shortly after the Merge on Sept. 15, miners hard-forked Ethereum to launch the Ethereum PoW network. As proposed, ETHPoW tokens were distributed to eligible ETH holders. Two funds owned by GrayScale Investment received a cumulative…
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Can the goal of financial autonomy be achieved without decentralization?
[ad_1] NEO Foundation (NEO) is a blockchain platform where developers can build decentralized applications (dApps). NEO provides infrastructure such as decentralized storage, oracles, and domain name service to allow developers to build dApps that automate asset management using smart contracts. The protocol’s ultimate goal is to become a decentralized and open network for the “Smart…
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Weekly MacroSlate: A hotter than expected CPI print means a vicious stagflationary environment awaits Bitcoin
[ad_1] TL;DR U.S. CPI sparks upward revision to the expected fed-funds rate U.K. stays top of the G7 inflation league, with actual CPI year-over-year of 9.9% GBP saw new lows against the U.S dollar, same levels as 1985 There’s a 30% probability of a 100bps rate hike in the next FOMC meeting Ethereum’s highly anticipated…
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Multi-chain DeFi to boost user friendliness and onboard developing countries
[ad_1] Rhino.fi is the first multi-chain DeFi platform that allows users to swap tokens across chains without having to use bridges. The protocol defines itself as a “gateway to DeFi.” By eliminating the usage of third parties like bridges, rhino.fi also eliminates high transaction fees, having to use multiple front-ends, and giving up the custody…