Ethereum Bears Are Wrong, According to Crypto Analyst Nicholas Merten – Here’s Why
Crypto analyst Nicholas Merten says that Ethereum (ETH) is not entering a bear market despite being in a downtrend for nearly nine weeks.
In a new video, the host of DataDash tells his 492,000 YouTube subscribers that bearish sentiment centered around the leading smart contract platform is misplaced.
According to him, Ethereum’s technicals suggest ETH is only in a mid-cycle correction of an extended bull market.
Austin Community Foundation Garners a Hefty Crypto Donation
The Austin Community Foundation has garnered a crypto-based gift worth more than $1 million USD. The donor remains anonymous at the time of writing, though we know he (or she) may have gotten involved in crypto at an early stage.
Austin Community Foundation Is Crypto WealthyThe person opened a donor advised fund with Austin Community, which allows individuals to decide how to send money to various nonprofits across the country. The big clincher is that all money offered to these nonprofits is tax deductible, and all crypto donations are not subject to capital gains taxes, making crypto something of a big attraction for standard investors and donors.
Among the organizations that Austin Community processes financial transactions for include Statesman Season for Caring, a holiday-based philanthropy project.
DOGE, Shiba Inu, Floki Inu, and now, Lorde Edge: The Tale of Elon Musk’s Bizarre Crypto Influence
2021 has, so far, been a tremendous year for Elon Musk. From reaching centibillionaire status to sending SpaceX to space and back, Elon has made good progress. Sitting atop the list of the richest people in the world, it’s easy to see how little effort is needed to make much influence.
Thanks to his over 57 million Twitter followers, Elon can be said to have had a filled year practicing the potency of his influence in the global crypto space. The Tesla technoking Elon Musk had started the year an avid Bitcoin fan.
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Investment Advisers Prohibited From Crypto Activities in India, Regulator Warns
The Securities and Exchange Board of India (SEBI) has issued a warning that registered investment advisers are not allowed to engage in unregistered activities. This warning includes crypto activities since crypto is currently an unregulated industry in India.
SEBI Warns Registered Investment Advisers Cannot Engage in Crypto ActivitiesIndian securities and commodity market regulator, the Securities and Exchange Board of India (SEBI), issued a notice regarding “unregulated products” Thursday.
“It has come to the notice of SEBI that some registered investment advisers [RIAs] are engaged in unregulated activity by providing platform for buying/ selling/ dealing in unregulated products including digital gold,” SEBI explained.
CEX.IO Exchange has reduced the fees for withdrawal to Visa cards to 2.5%
Currently, this is the lowest commission for withdrawal to Visa cards among all cryptocurrency exchanges. This promotion will not last long, so hurry to take advantage of this opportunity and register right now!
A lot of good deals in September. Look at one more of them. As always, excellent performance from our TrendGuru AI.
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Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days
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What Is FTM?
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.
Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional PoS algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
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Tron (TRX) Price Analysis: Rally Could Restart Above $0.10
TRON price remained well bid above $0.0880 against the US Dollar, similar to bitcoin. TRX price is rising, but it must clear $0.1000 for more upsides.
Tron Price AnalysisAfter a major increase, tron price faced sellers near the $0.1055 level against the US Dollar. TRX price started a downside correction below the $0.1000 level and the 55 simple moving average (4-hours).
There was also a break below a major ascending channel with support near $0.0990 on the 4-hours chart. There was a break below the 50% Fib retracement level of the upward move from the $0.0825 swing low to $0.1055 swing high.
Crypto Giant Grayscale Adds Solana and Uniswap to Digital Large Cap Fund Amid Quarterly Rebalance
Digital asset giant Grayscale is adding smart contract platform Solana (SOL) and decentralized exchange Uniswap (UNI) to one of its crypto investment products.
In a new press release, Grayscale says it added SOL and UNI to its Digital Large Cap Fund amid a quarterly rebalancing of crypto assets.
The crypto asset manager, which is the largest of its kind with more than $41.50 billion in digital assets under management, says that it had to sell certain amounts of assets from the Digital Large Cap Fund and used the proceeds to make room for Solana and Uniswap. As of October 1st, Solana is the fourth largest component of the fund with a 3.24% weighting. Uniswap comes in fifth with a 1.06% allocation.
Other crypto assets included in the portfolio are Bitcoin (62.19%), Ethereum (26.08%), Cardano (5.11%), Chainlink (0.82%), Litecoin (0.77%) and Bitcoin Cash (0.73%).
Bitcoin Must Reclaim Crucial Level To Avoid Repeat of May 2021 Crash, According to Top Crypto Analyst
A popular crypto analyst says he’s looking at three potential price ranges for Bitcoin (BTC) to get a sense of where the crypto asset is headed.
The pseudonymous trader known as DonAlt tells his 317,200 Twitter followers that he’ll remain bearish on Bitcoin as long as it stays below $44,400, and neutral on BTC if it’s between $44,400 and $46,200.
Cardano DeFi platform Occam.fi teams with COTI for ADA-based payments
COTI, a DAG-based blockhain protocol & infrastructure, today announced a partnership with Occam.fi, a decentralized launchpad for the Cardano ecosystem to explore development synergies — including the possibility of enabling users to participate in initial offerings in ADA via the OccamRazer launchpad.
The strategic partnership, still in its early exploration phase, will look for opportunities to merge the launchpad capabilities of OccamRazer with the Cardano (ADA) payments solution developed by COTI. Back in April 2021, COTI launched ADA Pay, making seamless payments available in Cardano token ADA.
Whale Activity Surges As Bitcoin Flirts With $50,000: Santiment
Bitcoin whale activity is surging this week as BTC briefly tops $50,000, according to the crypto analytics firm Santiment.
Bitcoin passed the $50,000 benchmark on Thursday for the first time since mid-May, though it has since dropped in price and is trading at $48,938 at time of writing, according to CoinGecko.
Santiment says that whale transactions exceeding $100,000 have hit their highest level since late July.
Source: SantimentThe analytics firm says BTC’s surge past $50,000 has come with solid on-chain support as the asset hit its highest daily level of token circulation since late July.
One more great deal in August. Low risk. Huge profit. Everything as we love.
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Closed deal IOTX/USDT
Open: $0.021736, 04.08.2021
Close: $0.070366, 24.08.2021
Profit: +223.73%
Duration: 21 days
Briefly about the instrument:
IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.
IoTeX has several mechanisms that ensure the privacy of users and transactions. Some of these are ring signatures and the reliable payment code that hides the transaction receiver’s address. Delegated proof-of-stake works by having stakeholders vote for the block producers on the network. The number of block producers is set and once they are elected, they are responsible for adding new blocks to the blockchain. For doing it, they receive rewards that they can distribute to the stakeholders who voted for them, incentivizing block producers to continue working and stakeholders to continue voting for block producers.
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Bitcoin Vs Bullion: Which Is the Better Investment In 2021?
Bullion has been used as a form of currency for centuries, while Bitcoin was created in 2009 and started as an open-source project. Bullion is a precious metal converted to a ‘coin’ or ‘bar’ and is considered a reserve asset of a bank and a country.
These two investments are similar in the way that people consider them as safe-haven assets. Their distinctive difference is that Bullion has a guaranteed value since it’s a gold-backed currency. On the other hand, Bitcoin is an online virtual currency that isn’t backed by any government or bank.
Great deal from the first half of August. Very fast, very profitable.
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Closed deal DENT/USDT
Open: $0.00231274, 04.08.2021
Close: $0.00462374, 13.08.2021
Profit: +99.92%
Duration: 9 days
Briefly about the instrument:
Dent is a revolutionary player in the market of mobile communications and data services. Today, around half of the world’s population has restricted access to mobile services because of the high prices traditional mobile carriers offer. Dent brings in the power of blockchain technology to revolutionize this and provide global access to mobile airtime and data.
Dent eliminates the understanding that your mobile data is tied to your location by becoming a global digital mobile operator. Dent offers plans that suit today’s global citizens’ needs by removing roaming fees and introducing international mobile plans. Everything on the Dent platform is purchased through DENT tokens, meaning that all transactions are recorded on the blockchain, and there is no chance for a customer to pay for something and not receive it. Unlike traditional mobile operators, Dent aims to make mobile airtime and data available globally to anyone interested, regardless of their location.
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Not sure what to do with ERC-20 tokens of failed projects?
Project iQuantXchange (https://iquant.exchange) swap ERC-20 tokens of failed projects for IQX token. The startup has been around for over a year, and during that time it has established itself as a stable platform for swapping worthless tokens for the promising IQX token, which will become the utilitarian token of their new exchange service.
The iQuantXchange will distribute all proceeds from transaction fees to all IQX token holders and is potentially a very powerful investment tool. So powerful, in fact, that some users are buying tokens from failed projects to exchange them for IQX.
To participate in this swap you just need to go to their website https://iquant.exchange, go to Swap Rate Checker section and enter the token you want to get rid of. You will be shown the exchange rate. Then just register and make the exchange. Get answers to questions about this project you can here: https://iquantx.medium.com/learn-about-the-project-from-this-faq-948250871307 or in the project's Telegram group @iQuantX
dApp development platform Tatum now fully supports Cardano (ADA)
Tatum, a blockchain infrastructure development platform, has announced that it now fully supports the Cardano (ADA) blockchain.
Cardano is the first proof-of-stake blockchain platform to be built based on peer-reviewed research and developed through evidence-based methods. Its unique Ouroboros protocol allows for sustainable scaling and unique security, making it ideal for building decentralized apps for the future.
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