In a recent interview, Deborah McCrimmon, who is Vice President of Litigation and Employment at Ripple, talked about the U.S. SEC’s ongoing lawsuit against Ripple. As you may remember, on 22 December 2020, the SEC announced that it had “filed an action against Ripple Labs Inc. and two of its executives, who are also significant security holders, […]

Bitget exchange has inked a partnership with football legend Lionel Messi (Read More)

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.

Historical data of an on-chain indicator could suggest Bitcoin may not be in danger of another sharp crash right now. Bitcoin Spot Exchange Depositing Addresses Stay At Very Low Values As pointed out by an analyst in a CryptoQuant post, signs are that another crash similar to Q3 2018 isn’t likely to happen currently. The relevant indicator here is the “spot exchange depositing addresses,” which is a measure of the total number of Bitcoin wallet addresses that are making send transactions to centralized spot exchanges right now. Generally, investors deposit their coins on spot exchanges for selling purposes. Thus, a spike in this metric can be bearish for the price of the crypto as it could be a hint at dumping behavior from a large number of addresses. On the other hand, low values imply not many holders are adding to the selling pressure in the market at the moment. Now, here is a chart that shows the trend in the Bitcoin spot exchange depositing addresses over the last few years: Looks like the value of the metric has been going down in recent months | Source: CryptoQuant As you can see in the above graph, the quant has marked the relevant zones of trend for the Bitcoin spot exchange depositing addresses. It seems like usually around periods where this indicator has sharply risen up to local tops, the price of BTC has also observed a top and subsequently declined. Related Reading: Will Bitcoin Tank Following The Charles Schwab Indicator? Do BTC Investors Need To Worry? Since the bull run top last year, the spot exchange depositing addresses have been overall winding down, seeing only a couple of peaks in the period. Some investors have recently been wondering whether another sharp drawdown is coming for Bitcoin in the near future, just like the one the 2018 bear market saw after months of sideways movement similar to now. Looking at the chart for the trend during the 2017/2018 cycle, it’s apparent that the metric declined following the bull run top and then plateaued at low levels as the bear market went on. Related Reading: Bitcoin Dominance To Regain Control Over Crypto? | BTC.D Analysis October 20, 2022 However, in Q3 2018, the indicator suddenly jumped up. A couple of months or so after this happened, the price observed a crash. As during recent weeks there has been no such sharp increase in the indicator, the analyst believes there is no indication that a decline similar to then would take place now. BTC Price At the time of writing, Bitcoin’s price floats around $18.8k, down 4% in the last week. The value of the crypto seems to have dipped below the $19k level again | Source: BTCUSD on TradingView Featured image from André François McKenzie on Unsplash.com, charts from TradingView.com, CryptoQuant.com

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.

60 founders. 22 projects. 8 different countries. Here is a look at the talented teams building real-world web3 solutions in Cohort 1 of the incubator program.

The post The 22 Projects on Tezos Changing the Game: Inside Cohort 1 of the TZ APAC EGG Web3 Incubator appeared first on BitPinas.

<!-- --> Automated trading bots have become increasingly popular among traders in recent years, and it is easy to understand why....

<!-- --> Automated trading bots have become increasingly popular among traders in recent years, and it is easy to understand why....

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

Balancer is a decentralized exchange (DEX) and automated market maker (AMM) built on the Ethereum network. The protocol is governed by its community of...