While the bulls endeavored to skew the sentiment in their favor, the bears refrained from giving up their edge as the crypto fear and greed index stood below 40. Ethereum poked $4,100 while Solana jumped above the crucial $192-level. Fantom saw staggering gains after a long-term trend reversal. Ethereum (ETH) On its 4-hour chart, ETH […] The post Ethereum, Solana, Fantom Price Analysis: 25 December appeared first on Coinf.in.via Coinf.in https://ift.tt/3yYhaEb
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Like a naughty child who got a lump of coal in their stocking on Christmas Day, crypto investors banking on PlanB’s model must be staring at their portfolio sadly as the pseudonymous analyst’s $100,000 Bitcoin prediction did not come true on 25 December. To that end, PlanB put out a thread to explain his side […] The post After PlanB’s ‘$100k Christmas’ miss, it’s clear that Bitcoin Stock-to-Flow model is… appeared first on Coinf.in.via Coinf.in https://ift.tt/3elp7tK Fans of Tomb Finance and anyone looking to invest early on a new project–here’s your chance. Kitty Finance is taking the Tomb model to AVAX and Matic in an effort to improve liquidity and enhance user cases. Kittyfinance.io is a multi-token protocol that consists of three tokens: $KITTY, $CAT (Kitty shares), and $SKITTY (Sleepy Kitty – Kitty Finance Bonds). Unlike most other algorithms that are pegged to stable coin, Kitty is pegged to AVAX and Matic giving it more adaptability. Kitty founders are also devoted to innovating use cases and enhanced functionality in order to sustain the peg long-term. The inspiration behind Kitty, Tomb has grown to a TVL (Total Value Locked) of $800,000,000 over its three month lifespan. Based on Tomb’s success, Kitty is projected to reach over $50,000,000 TVL over the next 30 days. At only 7 days old, Kitty’s value is super high and it will be a while before it pegs and reaches 1 AVAX. Great news for potential investors is that both KITTY-AVAX LP and CAT-AVAX LP are currently at 14% APR. According to Kitty Advisor and Community Leader, Devesh Gupta (known as fierydev in the community), the best way to earn on Kitty is:
Gupta says, “We just have so much respect for what Tomb did over on Fantom network. So thankful for their open source work so that we can bring that model to Avalanche and Polygon and create this new opportunity for investors. Kitty Finance has got huge plans.” Among those plans are new and improved UI Designs and UX. Kitty creators also plan to go cross chain to enhance their liquidity and widen their reach. They’ll also be entering the NFT space with Cute Kitties and Kittens Limited. In order to counter the main challenge of past algorithms, Kitty is looking to increase the utility of its tokens through arcade games and partnerships with other projects. Kitty will also partner with other vaults to continue providing high APR. Longer-term plans include governance via CATs and multichain competitions. Kitty invites all interested investors to follow them on Telegram and Discord for up-to-date announcements that are rolling out lightning fast: Website | Telegram | Discord | Github | Twitter The post Kitty Finance Projected to Reach Over $50M TVL in One Month appeared first on BeInCrypto. The post Kitty Finance Projected to Reach Over $50M TVL in One Month appeared first on Coinf.in.via Coinf.in https://ift.tt/3FrAtbG Why has Cryptocurrency suddenly boomed? Any idea? Cryptocurrency has been in for a while, and many people took an interest in the blockchain-based decentralized monetary system. The popularization of the Non-Fungible Tokens (NFT), which was part of Web3’s vision, got many investors high in the prospects of financial gains. Why crypto fever has caught onA statement put out by the founder and managing partner of Meta4 capital, which happens to be a crypto-focused investment and management firm, to a news portal BlackChrisians that every part of the culture will become ubiquitous because of NFT. Everything will be part of it and become digital assets for the owner.
A sudden surge in demand in crypto acceptance doesn’t kill the fact that there was no initial anxiety about how it would work out. But once this one-of-a-kind digital asset made its mark in the market with such a massive leap of $22 billion worldwide in a year and the potential to go more than $200 million in the coming financial year. The Bored Ape Yacht Club is one of the first collections noticed. It bid on becoming an enviable investment asset with a record of $3.4 million at an auction for NFT. Several months later, when people publicly came to know the artist, the bid just went out of the roof for a whopping $69 million on the NFT. How Black Americans took to CryptoMarket research on Crypto has suggested that African Americans lead on this one compared to the white and Hispanic populace. A more surprising shift for those who associated the African American community with alcohol, marijuana, and more are now captivated with the Crypto. They have more than embraced the new tech lead for making their money do the talking, reports Yahoo Finance. The artistic, athletic, and several other talents that African Americans are known for is now showcased in a new way. They have shown the world how great they are in investing through Crypto, taking charge of the digital currency world. Though there are critics as well as you will for any move made, many of them have lashed out that buying into a virtual world would be a waste. In contrast, others see it as a unique opportunity and innovative in terms of offering something to the people.
The post Why We Find Black Americans Taking The Lead in Revolutionizing Crypto, NFT appeared first on CoinGape. The post Why We Find Black Americans Taking The Lead in Revolutionizing Crypto, NFT appeared first on Coinf.in.via Coinf.in https://ift.tt/3qnAoiS Marathon Announced New Purchase of Bitmain Miners Expects to Reach 23.3 EH/s for Early 202312/25/2021 Marathon, one of the leading bitcoin mining companies in North America announced it has entered a new purchase agreement with Bitmain, a bitcoin mining machine manufacturer. This deal would allow them to acquire an undisclosed number of Antminer S19 XP models, an ASIC capable of delivering 140 TH/s while being more efficient than its previous iterations. Marathon hopes to host 199,000 miners by early 2023. Marathon Keeps Buying MinersMarathon Digital Holdings, one of the largest bitcoin mining companies in the world, announced today it entered a new purchase agreement with Bitmain. The agreement will allow the company to get ahold of a number of mining machines to expand its hashrate capacity next year. The machines purchased are Antminer S19 XPs, one of the newest miners developed by the Chinese manufacturer, able to deliver 140 TH/s of mining power while being more energy-efficient than its predecessors. While the manufacturer did not explain how many miners were ordered in this new agreement, it did estimate that with this new batch of miners, which are expected to ship between July 2022 and December 2022, it will have more than 199,000 miners producing 23.3 EH of hashrate by 2023. This will constitute an increase of 600% in its capacity when compared to its current hashrate, according to Peter Thiel, CEO of Marathon. He further elaborated, stating that:
A Year of GrowthThis announcement closes a year of growth, in which Marathon has constantly secured miners for its facilities all around the United States. Last August, Marathon reported the purchase of 30,000 S19j Pro miners, also from Bitmain, At that time, the company estimated that this batch would add 13 EH/s to its already existent mining power. The cost of the miner batch was $120 million. Furthermore, earlier this month, the company announced it had secured hosting for more than 100K miners in a deal with Compute North, that would also allow them to power most of these miners with renewables, including solar and wind. The company even communicated it had planned to raise $500 million in senior notes to acquire bitcoin or more bitcoin mining machines in November. What do you think about Marathon’s latest deal with Bitmain? Tell us in the comments section down below. The post Marathon Announced New Purchase of Bitmain Miners, Expects to Reach 23.3 EH/s for Early 2023 appeared first on Coinf.in.via Coinf.in https://ift.tt/3FtrPt8 The Verasity token shows V-top bearish reversal in its technical chart. This recent price retracement took a considerable toll on the token by losing around 63% of its value. The token price plummeted to $0.031 and currently shows recovery signs at this support. VRA/USD Daily Time Frame ChartPast Performance or TrendThe Verasity token price experienced a roller-coaster ride in these last three, where the token made a huge rally of 240% in Uptomber. Still, after hitting the $0.876 mark, the token entered a correction phase and almost lost all its gain in November and December. The token price plunged to the $0.031 support and is currently obtaining strong demand near this level. Veracity Token Attempts To Reclaim The 200-day EMAThe VRA token plummeted to the $0.031 support about a week ago, and it spent this time identifying sufficient support from this level. On December 23rd, the pair gave a huge bullish candle of $18.5% gain, trying to breach the nearest resistance level of $0.4. The token managed to provide a daily candle closing above this level; however, the breakout was not so prominent, and therefore the traders will require more confirmation to obtain a long entry signal. Today, the price is in a retest mode and which should confirm if this breakout is genuine or not. By press time, the VRA token is trading at $0.039, with an intraday loss of 1.7%. The 24hr volume change is $101.9 Million, indicating an 84% hike. According to the Coinmarketcap, the token stands at #382 rank with its current market cap of $182.9 Million (+5.33). VRA/USD 4-hour Time Frame ChartTechnical Indicators
The post Verasity Price Analysis: Reclaiming The $0.04 Mark VRA Token Hints More 28% Growth appeared first on CoinGape. The post Verasity Price Analysis: Reclaiming The $0.04 Mark VRA Token Hints More 28% Growth appeared first on Coinf.in.via Coinf.in https://ift.tt/3mz7mf8 Investing smart means investing in projects that can make a difference. Green Climate World is one of them – allowing one to contribute to tree planting on a scale that’s needed to fight climate change. What does it mean to invest smartly? Too often, do we put too much focus on short-term financial goals? Becoming more financially comfortable is vital, especially during the difficult times that we currently experience, going through the COVID-19 pandemic. However, we must not forget about the fact that even if we are financially successful, if we do not take care of our planet, and invest sustainably, the money that we make may not matter. According to the analysis by NOAA, the average global temperatures in 2020 were 0.98 degrees C warmer than the 20th-century average. With extreme weather events increasing at an alarming rate, it is impossible to ignore climate change anymore. Sustainable investing is becoming a new trend. Even big financial companies are starting to take it seriously. James Gorman, the CEO of Morgan Stanley, has recently created an Institute for Sustainable Investing, claiming that: “For us at Morgan Stanley, it is abundantly clear that the solutions to global challenges can only achieve the required scale if they can attract a critical mass of private capital”. You can contribute to that growing trend on your own, with your own money, in your own time. Nature is one of the best solutions to climate change, but it is underestimated, as nature-based solutions receive only 3% of all climate funding. Forests are very effective at storing carbon. Trees help fight climate change. So if you can’t plant trees on your own, what is there to be done? Investing in companies that do it professionally. Such as Green Climate World. Green Climate world is a project aiming to improve life on our planet by restoring the oxygen levels in the atmosphere. The core of the project is the WGC Token. In order to reach that goal, they take a small percent of the value of the WGC token and put it toward planting trees. Above all, the Green Climate World project is transparent and accountable. The data that they collect: the amounts of oxygen and carbon emitted, will come from external CO2 and O2 atmospheric sensors directly to the blockchain, without the possibility for any kind of outside interference. No one will be able to, in any way, alter or delete the log received by the sensors. Combining their innovative approach, sustainable mission, and growth potential (Gen Z are, after all, very concerned about the state of climate change, and they invest in crypto at an increasing rate!), one may say with full conviction: The Green Climate World token will be an investment into your future. It has the potential to enhance all types of wellbeing: planetary, personal, financial. So invest smart, invest in WGC! For more information check out the following links: Website | Coingecko | CoinMarketCap The post Invest in WGC, Invest in Green Climate World appeared first on BeInCrypto. The post Invest in WGC, Invest in Green Climate World appeared first on Coinf.in.via Coinf.in https://ift.tt/3HcIK3s The federal government in Moscow has permitted regions to determine local electricity tariffs for the population, a measure that will affect crypto mining at homes. Subsidized household electricity in Russia is often used to mint digital currencies in basements and garages. Regions in Russia Granted Permission to Increase Costs for Home MiningRussians mining cryptocurrencies at their homes may expect higher electricity bills as a result of a reform allowing regional authorities to limit the electrical energy supplied at preferential rates. The move comes after local utilities requested powers to set thresholds for the amount of subsidized electricity available to the general population while complaining about the spread of crypto mining in residential areas. Private customers will have to pay more for consumption exceeding these thresholds, the Russian business daily Kommersant reported. Most Russian regions are yet to adopt new pricing schemes, with the exception of Crimea where cheap electricity is already limited to 150 kWh per month. The Federal Antimonopoly Service and the Ministry of Energy have assured that the new policy is aimed at curbing “inappropriate energy consumption” and should not increase expenses for most consumers. Electricity tariffs for households in Russia are regulated by the state, which maintains them well below economically justified levels. Power utilities compensate for the difference through higher rates for businesses. In 2021, companies are expected to pay over 240 billion rubles (close to $3.3 billion) to finance this ‘cross-subsidization,’ data from Russia’s energy markets regulator has indicated. According to an estimate quoted by the Kommersant, last year’s average monthly consumption per household in the Russian Federation was about 250 kWh. Around 40% of homes in apartment blocks now consume more than 600 kWh per month. The recent amendments to a federal government decree will provide all other regions alongside annexed Crimea with the option to introduce differentiated electricity tariffs. The changes come after power distributors and authorities in Irkutsk Oblast complained about the rapidly growing number of crypto farms in residential buildings. Electricity for households in Irkutsk, which has been dubbed the crypto mining capital of Russia, costs only 0.86 rubles ($0.01) per kWh when the average tariff in the whole of Russia is 4.25 rubles (almost $0.06). Earlier in December, media reports revealed that a local power utility, Irkutskenergosbyt, has filed 85 lawsuits this year against at-home miners. Mining is one of several crypto-related activities that remained outside the scope of the law “On Digital Financial Assets,” which partially regulated the Russian crypto space in January. Calls have been mounting among officials in Moscow to recognize it as a business activity and tax it accordingly. This would also allow utilities to charge miners more for the energy they need to mint digital coins. A working group set up at the State Duma has recently held its first meeting to discuss regulations for mining and other sectors in the crypto industry. Do you expect Russian regions to raise electricity rates for cryptocurrency miners? Tell us in the comments section below. The post Russian Government Allows Regions to Raise Electricity Rates for Crypto Miners appeared first on Coinf.in.via Coinf.in https://ift.tt/3pqOMHT Crypto Gift Vouchers: Well jingle my bells, here is a crypto Christmas gift idea for the person you may, or may not, like. Are you a crypto evangelist? Do you want to share your love of crypto upon the unwilling luddite in your circle? Then there is help for you. There is now a gift card where you can bestow crypto upon your victim – probably against their will. I personally don’t like gift vouchers. It is like saying to that person, ‘Hey, I know you hate everything. Here, I give up on you completely.” But you may have people in your life who really REALLY want you to give up on them. (This is perhaps because your present-giving abilities are truly awful.) If you get the feeling that you are a failed gift-giver, then have a looksee at this. Crypto gift vouchersA company called Certificate Exchange, Inc. are hawking crypto gift vouchers called CryptoBuxx. With these gift certificates, you can give the gift of crypto. The CryptoBuxx are available in several popular crypto currencies. At least those off-grid siblings who don’t shower would have heard of them. What a perfect gift for those ungovernable relatives with kids named things like Avocado and Burrito! William Rice, the founder of CryptoBuxx breathes excitedly, “People understand dollars and cents, but crypto seems too complicated to understand. The CryptoBuxx goal is to make it easy to give the gift of crypto even if the recipient does not have a crypto wallet.” Actually. That sounds kind of cool. I kind of want people to give that to me. Anyway here’s my email address… just.. for… no… reason… Crypto gift vouchers – the advantagesSo what if I buy a voucher and the coin crashes horribly overnight? Shhh, calm down, and have a chunk of terribly dry gingerbread house. The value of the underlying crypto can fluctuate with market conditions. But the face amount of CryptoBuxx doesn’t. Christmas will be saved. What CryptoBuxx peddlers say is that the Crypto Currency market has skyrocketed into an almost $3 trillion marketplace. But there is still a large chunk of normies that have no idea how to get involved. “Many long-term holders of crypto are evangelists who share their knowledge and passion for crypto at every opportunity. However, the ability to give someone crypto is very limited.” How to give the crypto gift vouchersYou can buy CryptoBuxx in two different ways. The first is printed. This gives Grandma and Grandad that feeling of getting something tangible at Christmas. They are printed ‘notes’ the size of normal US bills. It has a scratch-off panel that covers a security code. So you’ll know when the gambler of the family steals it and gives it to the online casino before Gramps can activate it. Then there’s the digital version. It can be downloaded and then delivered attached to a nice Christmassy email. The attachment will contain details on how to redeem the crypto. And, Gramps doesn’t even need a crypto wallet! The email gives easy instructions on how to create an account at a crypto exchange of Gramp’s choice. Gramps can then redeem the crypto into that account. And of course, you can use a variety of crypto to buy CryptoBuxx as well as normal methods like credit cards and PayPal. On the other hand, you don’t even really need to give Christmas gifts at all. Avocado and Burrito already have plenty of sticks and rocks to play with off-grid. You could also continue to give bad gifts. It’s the thought that counts. And, charity shops are powered along for the whole year via January donations. If you do like the idea of giving crypto gifts, there are some more crypto gift ideas right here. Season’s greetings! The post Crypto Gift Vouchers are now a Thing. Thanks Santa! appeared first on BeInCrypto. The post Crypto Gift Vouchers are now a Thing. Thanks Santa! appeared first on Coinf.in.via Coinf.in https://ift.tt/3HfxDad The pro-bitcoin U.S. Senator Cynthia Lummis has reportedly unveiled her plan to introduce a comprehensive crypto bill that will cover everything from how cryptocurrencies are taxed and categorized to consumer protections. The bill will also propose creating a new entity to oversee the digital asset market. Comprehensive Crypto Bill Coming up in US, Says SenatorU.S. Senator Cynthia Lummis is reportedly preparing to introduce a comprehensive crypto bill next year. The Republican senator from Wyoming explained that the bill will cover everything from how cryptocurrencies are taxed and categorized to consumer protections, Bloomberg reported Thursday. The bill will provide clear guidance on which asset class a particular asset belongs to and will also establish a framework to regulate stablecoins, a senior aide for the senator told the news outlet. In addition, it will propose creating a new entity to oversee the crypto market that will operate under the joint jurisdiction of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Lummis is a member of the Senate Banking Committee. She has repeatedly said that bitcoin is a great store of value. The senator recently confirmed that she owns about five bitcoins and has no plan to sell them. Her BTC is part of a broad portfolio that includes her family’s cattle ranches. In October, Lummis said in Congress: “Thank God for bitcoin, and other non-fiat currencies, that transcends the irresponsibility of governments, including our own.” Several bills have already been introduced in Congress with the intention of regulating the crypto sector. In August, U.S. Rep. Don Beyer introduced the “Digital Asset Market Structure and Investor Protection Act.” The bill provides the SEC with authority over digital asset securities and the CFTC with authority over digital assets. In April, the U.S. House of Representatives passed a bill introduced by pro-bitcoin Congressman Patrick McHenry which requires the SEC and the CFTC “to establish a working group focused on digital assets.” In August, two U.S. lawmakers urged the chairman of the SEC and the acting chairman of the CFTC to establish a joint working group for the regulation of crypto assets. Other efforts to regulate the crypto industry include the “Digital Commodity Exchange Act of 2020 (DCEA)” and the “Crypto-Currency Act of 2020.” What do you think about Senator Lummis planning to introduce a comprehensive cryptocurrency bill? Let us know in the comments section below. The post Pro-Bitcoin Senator to Introduce Comprehensive Crypto Bill in US appeared first on Coinf.in.via Coinf.in https://ift.tt/3enAXDJ |
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