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This Major Hyperadoption Event Is Coming Up Next Month

Welcome to the cutting edge. Here in the world of crypto, we’re leading the financial curve. Crypto is obscure. Most people in America have never touched it. Back in 2021, when crypto was returning unimaginable profits to its investors, the...

The post This Major Hyperadoption Event Is Coming Up Next Month appeared first on American Institute for Crypto Investors.

ManilArt Features NFTs with Binance

Crypto Exchange Binance hosted NFT discussions at ManilART'22.

The post ManilArt Features NFTs with Binance appeared first on BitPinas.

Bitcoin Bearish Signal: Dormant Supply On The Move Again

On-chain data shows some dormant Bitcoin supply is again moving into exchanges, something that could be bearish for the price of the crypto. Bitcoin Exchange Inflow For Old Coins Has Observed Spikes In Recent Days As pointed out by an analyst in a CryptoQuant post, some coins in the age ranges 2y-3y and 3y-5y have recently been deposited to exchanges. The “exchange inflow” is an indicator that measures the total amount of Bitcoin being transferred into the wallets of all centralized exchanges. When the value of this metric is high, it means investors are depositing large amounts to exchanges right now. Such a trend, when prolonged, can prove to be bearish for the value of the crypto as it can be a sign of dumping from holders. A modified version of this indicator is the exchange inflow “Spent Output Age Bands” (SOAB), which tells us about the individual contribution to the total inflows from the different supply groups in the market. Related Reading: Data: Bitcoin Whales Who Accumulated At $18k Have Continued To Hold Strong These cohorts are categorized based on the amount of time their coins have been sitting still for. The relevant age bands here are “2y-3y” and “3y-5y”; the below chart shows the trend in the exchange inflows coming from these supplies: Looks like the value of the metric for these cohorts has been raised in recent days | Source: CryptoQuant As you can see in the above graph, the Bitcoin exchange inflow SOAB has spiked up for these coin groups during the last couple of days or so. This means that some investors have been depositing sizeable amounts of coins aged between 2 to 3 years and those between 3 to 5 years. Related Reading: This On-Chain Metric Suggests Bitcoin Not In Danger Of Another Sharp Drawdown Such old supply is called the “long-term holder” supply. In general, the older the coins are, the less probable they are to move at any point. So, any movement from these coins, especially those to exchanges, may have noticeable implications on the price of Bitcoin. BTC Price At the time of writing, Bitcoin’s price floats around $19.1k, up 1% in the last seven days. Over the past month, the crypto has lost 1% in value. The below chart shows the trend in the price of the coin over the last five days. The value of the crypto seems to have rebounded back from the dip a couple of days ago | Source: BTCUSD on TradingView Bitcoin has continued to show stale price movement in the past week as the crypto has been mostly sticking around the $19k level. Two days or so ago BTC did make an attempt to break the monotony by plunging below to $18.7k, but it wasn’t long before the coin was back at $19k. Featured image from Max Saeling on Unsplash.com, charts from TradingView.com, CryptoQuant.com

CoinStats Review: its pros, cons, and how it works

With the massive increase of cryptocurrencies today, it is becoming harder and harder for crypto investors to independently keep track of every cryptocurrency on their crypto portfolio and that is where crypto portfolio trackers like CoinStats come in. CoinStats allows crypto investors to manage their crypto and DeFi portfolio from one place. It eliminates the need […]

The post CoinStats Review: its pros, cons, and how it works appeared first on CoinJournal.

Microsoft said to be in talks to invest more in OpenAI

Microsoft is reportedly in advanced talks with OpenAI to invest more in the seven-year-old research company. Both The Wall Street Journal and The Information, citing...

Top 5 Trending meme coins to watchlist Toon Finance SHIB Dogecoin Cardano Stellar XLM

Toon Finance tops charts for the meme coin lead DOGE SHIB Toon Finance is beginning to be a regular name around the defi space knocking their presale phase one out the park by raising close to 3 Million USD.

NFT Casinos And Games You Need To Play

Cryptocurrency and blockchain technology has significantly evolved the world of online gambling. But there is more […]

The post NFT Casinos And Games You Need To Play appeared first on BitcoinChaser.

Top 10 Blockchain Oracles in 2022: Which Oracles are Dominating the Market?

A blockchain oracle is a third-party platform that bridges smart contracts with the outside world and vice versa. Most of these platforms use network...

What Are the Different Types of ERC Token Standard?: ERC-20, ERC-1155, and More

Ethereum Request for Comment (ERC) is a set of technical documents with guidelines for creating tokens or smart contracts to run applications on the...

Top 10 Enterprise Blockchain Platforms to Consider in 2022

Blockchain-based solutions are transforming how institutions and organizations from different fields conduct their businesses.  From September 2021 to June 2022, the blockchain sector has received...

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