Pinakabagong Balita sa Crypto at Market Updates

Capitalization of the Crypto Market Plummets Over 50% to Roughly $1.4T

Cryptocurrency market capitalisation has plunged by more than half to roughly $1.4 trillion after the Federal Reserve (Fed) boosted interest rates by 50 basis points, causing a sell-off panic among investors.　　Bitcoin (BTC) fell to a three-month low in Asian trading on Monday.　　BTC has dropped to its lowest level since July 2021, with a daily low of more than 12%, and is down more than 56% from its all-time high of nearly $69,000 in November last year.　　The market value of the top 500 digital assets has dropped by more than half to $1.4 trillion since a peak in November 2021.　　According to CoinMarketCap data, the current cryptocurrency Market Cap is $1,406,774,855,869.　　According to data provider Kaiko, Bitcoins correlation with the Nasdaq Composite, a measure of large U.S. technology companies, has achieved new highs.　　Wedbush Securities strategist Daniel Ives stated:　　“This is a risk off across all asset classes including crypto.”　　A drop also affected related-listed equities of bitcoin companies on US exchanges. MicroStrategy, the largest Bitcoin holding public business managed by Michael Saylor, has plummeted by 55% this year. Similarly, Coinbase, a U.S.-listed cryptocurrency exchange, has plummeted 65 percent in 2022, sliding below $100 for the first time.　　As a reminder, WikiBit is ready to help you

2022-05-10Malalim na Pagsisid

Binance Suspends LUNA and UST Withdrawals Due to Market Volatility

Cryptocurrency exchange Binance has stopped LUNA and UST token withdrawals as the Terra-based stablecoin tries to regain its peg to the US dollar.　　Binance announced the temporary restrictions in a blog post earlier this morning, blaming network congestion for “a huge volume of outstanding withdrawal transactions.”　　“Binance will reopen withdrawals for these tokens once the network is deemed reliable and the volume of pending withdrawals has decreased.” In a subsequent notification, we will not alert users, the company added.　　The announcement comes at a time when Terras algorithmic stablecoin UST — the third largest stablecoin by total issuance behind USDT and USDC — has plummeted dramatically against the dollar.　　Efforts have been undertaken to strengthen UST. Luna Foundation Guard (LFG), a Singapore-based organization founded to assist both Terra-based stablecoins and the broader Terra ecosystem, announced a plan to lend $1.5 billion in bitcoin and UST to third-party trading firms in order to sustain USTs peg on May 9.　　Nonetheless, the price of UST has continued to plummet in comparison to USDT, the largest dollar-pegged stablecoin. According to Binance data, it hit a low of $0.6065 on Monday. It has since recovered somewhat to roughly $0.85 at press time.　　Meanwhile, the price of LUNA, the Terra blockchains

2022-05-10Malalim na Pagsisid

Ethereum Whales Buy Cryptos During A Crash

With the crypto market crashing to 2022 lows, significant whales appear to be buying stablecoins and a few select tokens in large quantities.　　While this has done nothing to sustain prices, given that selling outnumbers purchasing, whale transactions may help suggest which coins are poised for a faster comeback. Some big cryptocurrencies appear to have recovered from recent losses and are trading somewhat higher than intraday lows.　　According to Whalestats data, Ethereum (ETH) whales purchased the most ETH, USDC, and USDT in the last 24 hours. The demand for stablecoins is mostly driven by volatility, which drives traders to seek safe havens. The two stablecoins have likewise mostly held their value despite the market downturn.　　Whales invest in utility coins　　According to data, whales purchased roughly $2 million in ETH per transaction. While the coin has dropped over 17 percent in the last week, this purchase shows that whales believe ETH will soon reach a bottom.　　The imminent migration to a proof-of-stake network for ETH has also increased confidence in the tokens widespread adoption, particularly among institutions.　　Other non-stablecoin cryptos bought by whales included Shiba Inu (SHIB), Chainlink (LINK), and Decentralands Mana (MANA). SHIB and MANA are both affiliated with their own main metaverses, which gives

2022-05-10Malalim na Pagsisid

IMF Warns Countries Against Utilizing Cryptocurrency as Money

The International Monetary Fund (IMF) has urged countries against using Bitcoin as legal tender in place of central bank-issued money.　　Speaking at the IMF Spring Meetings on Friday, Kristalina Georgieva, the IMF Managing Director, stated that countries should not adopt bitcoin as a form of currency in the economy.　　Georgievas declaration comes from a number of emerging economies, including the Central African Republic and El Salvador, both of which have declared Bitcoin to be legal tender alongside their national currency.　　Both Central African Republic and El Salvador adopted cryptocurrencies to maintain their domestic currencies and sustain their economies by luring Bitcoin users for business transactions and tourism.　　According to the IMF, crypto assets constitute an anti-establishment movement that threatens central banks dominance and exclusive control over the money supply. The global financial authority issued a warning about the significant risks connected with Bitcoin use in terms of consumer protection, financial stability, and financial integrity.　　However, Georgieva picked the Central Bank Digital Currency (CBDC) as the top financial system innovation. “The future of money is a prominent theme at the IMFs Spring Meetings,” the CEO said, cautioning against using volatile crypto currencies as money.　　The Central African Republic (CAR) recognized Bitcoin as legal cash late last month,

2022-05-10Malalim na Pagsisid

Google Creates Web3 Team to Take Advantage of Growing Crypto Popularity

To set the ball rolling in Web3, Google is assembling a team to create services for developers in this ecosystem through its cloud unit, according to CNBC.　　Through an email, Amit Zavery, the vice president at Google Cloud, noted that the objective was to make the Google Cloud Platform the most preferred by developers in Web3. He wrote:　　“While the world is still early in its embrace of Web3, it is a market that is already demonstrating tremendous potential with many customers asking us to increase our support for Web3 and Crypto related technologies.”　　Therefore, Google seeks to tap the potential presented by the crypto space, given that Web3 Pioneers have developed peer-to-peer and decentralized systems intended to transform the internet.　　As a new iteration of the World Wide Web-based on blockchain technology, Web3 aims to incorporate token-based economics and decentralization concepts. 　　With Google battling for market share in cloud infrastructure against Amazon, Alibaba, and Microsoft, the tech giant intends to provide back-end services to developers eyeing their own Web3 software. 　　Zavery pointed out:　　“We‘re not trying to be part of that cryptocurrency wave directly. We’re providing technologies for companies to use and take advantage of the distributed nature of Web3 in their current businesses

2022-05-10Malalim na Pagsisid

Price analysis 5/9: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, DOGE, AVAX, DOT - BitcoinEthereumNews.com

Bitcoin EthereumPagsusuri ng presyo 5/9: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, DOGE, AVAX, DOT05 / 09 / 2022Balita ng Ethereum ng Bitcoin　　Ang BTC at maraming mga altcoin ay mabilis na lumalapit sa capitulation phase, na karaniwang sinusundan ng market na naghahanap ng ilalim.　　Global equity markets extended their decline on May 9 and the S&P 500 patumbahin to a new 52-week low. Bitcoin (BTC) dropped to a new year-to-date low and most major altcoins extended their decline as they tracked the weakness in the stock markets.　　Data from blockchain analytics firm Glassnode shows that Bitcoin inflows to centralized exchanges have risen to more than 1.7 million coins, the highest since February. This suggests that whales may be dumping their holdings as they anticipate an extended downtrend.　　Pang-araw-araw na pagganap sa merkado ng cryptocurrency. Pinagmulan: Coin360　　Several analysts expect the crypto markets to enter a capitulation phase which generally marks a bottom. Analyst Dylan LeClair highlighted that previous market bottoms during bear markets happened when Bitcoin dropped to its realized price (average on-chain cost basis). The metric is currently at $24,300.　　Maaari bang pumasok ang Bitcoin at altcoins sa isang yugto ng pagsuko o oras na ba para sa mga crypto market na sorpresahin ang

2022-05-10Ethereum

Dogecoin Returns as Most Popular Smart Contract Among Whales Despite 8% Price Decline - BitcoinEthereumNews.com

Tomiwabold Olajide　　Despite massive price drop, Dogecoin has seen its acceptance for payments rising　　Ayon sa WhaleStats, Dogecoin remains one of the most used smart contracts among the top 500 BSC whales in the last 24 hours.　　Amid continuous market instability, Dogecoin has dropped roughly 8% in the last 24 hours. Barely one year ago, Dogecoin was trading near its all-time highs of $0.73 after an earlier run-up in the prior months. The all-time highs coincided with the timing of Tesla CEO Elon Musks appearance on “Saturday Night Live.” The price of Dogecoin dropped by nearly 40% subsequently and has not recovered.　　LANG SA: $ UNI @Wapdam muli ang PINAKA GINAMIT na smart contract sa nangungunang 500 #BSC mga balyena sa loob ng 24 na oras ????　　Meron din kami $ DOGE, $ XVS, $Cake, $GODZ & #BabyDoge nasa listahan ????　　Leaderboard ng balyena: https://t.co/f4ZJg8SIWe#UNI #whalesstats #babywhale #BBW pic.twitter.com/LpdLwmns3l　　— WhaleStats – ang nangungunang 1000 BSC richlist (@WhaleStatsBSC) Mayo 9, 2022　　At the present price of $0.117, Dogecoin remains down 84.05% from its all-time high set in May 2021 and ranks 12th largest in terms of market value. Despite the massive price drop, Dogecoin has seen its acceptance for payments rising, with several global brands such as AMC,

2022-05-10Industriya

Bumaba ang Bitcoin sa 3-Buwan na Mababa sa ibaba $30K, Nilamon ng Bearish Shockwaves ang Market - BitcoinEthereumNews.com

BitcoinBumaba ang Bitcoin sa 3-Buwan na Mababa sa ibaba $30K, Nilalamon ng Bearish Shockwaves ang Market05 / 09 / 2022Balita ng Ethereum ng Bitcoin　　Bumagsak ang Bitcoin (BTC) sa 3-buwang mababang nito noong Monday Asia Trading Section habang ang mga mamumuhunan ay nataranta na nagbenta sa patuloy na bearish dump-off na naglalarawan sa digital currency ecosystem noong weekend.　　Ang pangunahing cryptocurrency lumubog sa $29,961.63 sa panahon ng intraday sa Asia trading section, ayon sa CoinMarkCap. Iniulat ng CNBC na ang tang pinakamababang punto ng presyo ay higit sa 12% sa araw, higit sa 56% mula sa pinakamataas nitong Nobyembre sa lahat ng oras na humigit-kumulang $69,000.　　data mula sa CoinMarketCap ipinakita rin na ang digital currency ay nagbawas ng higit sa 20% ng halaga nito sa nakalipas na linggo upang mas tiyakin ang kontrol ng mga nagbebenta. Ang mga aksyon ng BTC ay nagresulta din sa isang comparative slump sa pinagsamang crypto market capitalization, na bumaba ng 6.93% hanggang $1.45 trilyon.　　Altcoin Correlation　　Ang mahinang pagganap ng Bitcoin ay nagdulot ng napakalaking pagdanak ng dugo sa pandaigdigang crypto ecosystem habang ang altcoin ay tumaas ng higit sa isang milya.　　Ethereum (ETH), ang pangalawang pinakamalaking coin sa mundo ayon sa market cap, bumaba 8.52% sa $2,310.08, habang

2022-05-10Industriya

Isang Pagtingin sa Pagpapahalaga - BitcoinEthereumNews.com

KabuhayanIsang Pagtingin sa Pagpapahalaga05 / 09 / 2022Balita ng Ethereum ng Bitcoin　　Na parang hindi nangyari ang Covid, Shopify (MAMILI) ang mga pagbabahagi ay umatras na ngayon pabalik sa mga antas ng pre-corona. Isa sa mga pangunahing benepisyaryo ng pandemya, ang dating ecommerce highflyer na ito ay medyo hindi maiiwasang mapanatili ang malaking pag-usbong ng paglago at ang mga namumuhunan ay hindi nagpakita ng awa. Dahil sa pagliko ng taon, ang stock ay nag-ahit ng 75% mula sa halaga nito na ang pinakahuling leg ay bumaba mula sa likod ng isang nakakadismaya na quarterly update.　　Napalampas ang Shopify sa parehong top-and bottom-line. Ang kita ay tumaas ng 21.4% year-over-year upang umabot sa $1.2 bilyon, na mas mababa sa forecast ng mga analyst na $1.25 bilyon. Adj. Ang EPS na $0.20 ay nahulog sa ilang paraan ng $0.65 na pagtatantya ng pinagkasunduan.　　Ang kumpanya ay nagpahayag na ang isang mas maaga-kaysa-inaasahang paglipat sa offline na retail at paglalakbay na nagsimula noong Pebrero kumpara sa huling bahagi ng Marso/Abril noong nakaraang taon ay nakapinsala sa negosyo, habang sa mas mababang antas, ang record na inflation ay nagpadala sa mga mamimili patungo sa mga retailer ng diskwento hanggang sa.　　Isinasaalang-alang ang pagganap ng iba pang mga e-tailer

2022-05-10Industriya

Near Foundation Itinatag ang Blockchain Hub sa Kenya: Ulat - BitcoinEthereumNews.com

blockchainNear Foundation Itinatag ang Blockchain Hub sa Kenya: Ulat05 / 09 / 2022Balita ng Ethereum ng Bitcoin　　Near Foundation – ang Swiss non-profit na nangangasiwa sa pagbuo ng Near Protocol – iniulat na nakipagtulungan sa Kenyan blockchain community na Sankore upang maglunsad ng regional hub sa bansang Aprika. Tutuon ang unit sa mga pagbabago sa crypto, edukasyon, at pag-unlad ng talento sa buong kontinente.　　Pinakabagong Crypto Project ng Africa　　Tinatantya ng ilang kamakailang pag-aaral na ang mga umuusbong na ekonomiya at mga umuunlad na bansa ay partikular na umuunlad na mga lugar para sa industriya ng crypto. Tandaan na ang karamihan sa mga bansang Aprikano ay nabibilang sa column na ito, hindi nakakapagtaka kung bakit ang mga lokal ay labis na naiintriga sa bitcoin at altcoins. Kenya, para sa isa, niraranggo panglima sa Global Crypto Adoption Index noong nakaraang taon.　　Ang isang kamakailang coverage ipinaalam na ang bansa ay gumawa ng isa pang hakbang patungo sa karagdagang pakikipag-ugnayan sa sektor ng digital asset. Sa partikular, ang Near Foundation ay nakipagtulungan sa domestic blockchain community na Sankore, na nangakong lumikha ng isang regional hub na magbibigay ng crypto education para sa mga lokal. Layunin din ng unit na makahanap at bumuo ng mga talento para

2022-05-10Industriya

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