Monthly Archives: October 2021

Bitcoin price descending channel and loss of momentum could turn $60K to resistance

After a slight hiccup in BTC futures premium, traders seem comfortable despite the $58,000 support retest and the risk of $60,000 turning to resistance. Bitcoin (BTC) appears to lack the strength to retest the $67,000 all-time high that it reached on Oct. 20 and this is causing investors to question whether or not the bullish moment has faded. Even with the price facing these hurdles, it’s still premature to call the $58,000 support level test the beginning of a descending channel. Bitcoin price in USD at Coinbase. […]

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Enjinstarter Announces Successful Completion of Fundraising and Pipeline of Projects for November

PRESS RELEASE. Singapore-based Enjinstarter (EJS) has completed its Token Generation Exercise (TGE), raising a total of $500,000 via a collaborative fund raising effort over 4 launchpads namely Genesis Shards, Chainboost, Starter.xyz and Enjinstarter’s own launchpad. This followed a highly-successful, oversubscribed private sale that raised $5 Million from prominent Crypto VCs and highly influential angel investors from the Blockchain and Digital Assets industry. According to Enjinstarter CEO, Prakash Somosundram, “Enjinstarter’s native token (EJS) presents an exciting opportunity for token holders who want to ride the massive trend of […]

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Top 5 cryptocurrencies to watch this week: BTC, ETH, BNB, MATIC, FTM

Bitcoin is witnessing modest profit-booking, but the long-term trend remains intact and altcoins like ETH, BNB, MATIC and FTM may remain in focus in the short term. The weekend failed to ignite bullish momentum from crypto investors and both Bitcoin (BTC) and Ether (ETH) turned down on Oct. 31. The bulls will now try to achieve the third successive weekly close and the first-ever monthly close above the psychological $60,000 level. $63,000 is another level of interest for traders because the stock-to-flow creator PlanB, projected this level […]

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Ether Inferno: Ethereum Network Burned Over $2.4 Billion Worth of ETH in 87 Days

87 days ago, the Ethereum network successfully implemented the London hard fork upgrade, and ever since then over 700,000 ether has been burned, or more than $2.4 billion using today’s exchange rates. 702,886 Ethereum Burned Since the London Hard Fork Data from Dune Analytics indicates that on October 31, 2021, otherwise known as Halloween, 702,886 ethereum (ETH) has been burned. The burning of ethereum started on August 5, 2021, when the Ethereum network successfully implemented the London hard fork upgrade and EIP-1559. At the time, the London […]

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Inside the blockchain developer’s mind: What is a testnet?

By familiarizing themselves with the nuances of testnets, blockchain developers can become better equipped to evaluate specific testnet releases. Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind. In previous parts, Andrew Levine of Koinos Group discussed some of the challenges the team has faced since identifying the key issues they intend to solve and outlined three of the “crises” that are holding back blockchain adoption: upgradeability, scalability, and governance. Blockchain testnets […]

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The Bitcoin Dilemma

Game theory is the science of multi-agent decision making. It uses mathematics to study the strategic interaction of rational decision makers. Game theory has social, logical, and computer science applications. It also has Bitcoin applications at the personal, social, business, and nation state levels. The Bitcoin Dilemma The Center Cannot Hold: 11 Game theory is the science of multi-agent decision making. It uses mathematics to study the strategic interaction of rational decision makers. Game theory has social, logical, and computer science applications. It also has Bitcoin applications […]

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Bitcoin Community Projects Communicate The Message Of Freedom

Projects like the Declaration of Monetary Independence are examples of how the bitcoin community can bring powerful messages to greater audiences. Aspirational projects like the Declaration of Monetary Independence are designed to engender strong feelings — that’s part of their power. Much contemporary art was made about the American Independence movement, such as William Blake’s “America, A Prophecy,” and Philip Freneau in both “A Political Litany” and “American Liberty.” Such works help communicate the overall message of the movement to a broader audience, and often do a […]

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Ten31 Launches: A New Bitcoin Venture Capitalist Firm

Ten31 is a new venture fund named after October 31, the birthday of the Bitcoin white paper. The venture fund’s ethos is tied to its namesake, with a mission to partner with, invest in, and support exclusively Bitcoin-focused companies whose mission is hyperbitcoinization. Ten31 is a new organization named after October 31, the birthday of the Bitcoin white paper. The venture fund’s ethos is tied to its namesake, with a mission to partner with, invest in, and support exclusively Bitcoin companies whose mission is hyperbitcoinization. On October […]

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Celebrating the Seminal Bitcoin White Paper Satoshi Nakamoto Published 13 Years Ago Today

All around the world cryptocurrency supporters and proponents of blockchain technology are celebrating the 13th anniversary of the Bitcoin white paper. The summary of the inventor’s creation was published on metzdowd.com’s Cryptography Mailing List on Halloween 2008, as it gave birth to an asset with a market valuation of over $1 trillion and sparked the creation of over 10,000+ cryptocurrencies that followed Satoshi Nakamoto’s innovative design. Introducing the Proof-of-Work Chain: A Solution to the Byzantine Generals Problem 13 years ago at approximately 2:10 p.m. (EDT), Satoshi Nakamoto […]

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Trick or Treat: Will Halloween NFTs be hauntingly good or too spooky for crypto?

Halloween-inspired NFTs are gaining popularity this year, but will the trend continue over time and will they prove to be great investments? Halloween is traditionally known for costumes, candy and trick or treating, but this year, the holiday is transitioning to the virtual world as the metaverse unfolds. As such, nonfungible tokens, or NFTs, are being created to showcase Halloween themes in hopes of attracting collectors looking for themed drops.  Although Halloween-inspired NFTs appear to be a new concept, NFT artist Etsploit told Cointelegraph that Halloween holds […]

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